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Despite the correction in the market, Captain Faibik has identified a bullish pennant formation on the XRP price chart. He forecasts the value of the altcoin could rise to $4.9 soon. Meanwhile, the Solana coin is facing a possible decline to the $100 level.
However, one DeFi project stands out in the middle of the changes—DTX Exchange (DTX). As a hybrid trading platform, DTX has onboarded over 700k users during its ongoing cryptocurrency ICO. Its price is expected to rise by 2x upon launch, positioning it as a top crypto to buy now.
The XRP price has lost most of its gains from the post-Trump US Crypto Reserve announcement. CoinMarketCap data reveals the XRP price dropped from $2.94 to $2.24 before seeing a small uplift. As a result, the XRP price has dropped by 20.2% on the monthly level. However, the XRP price still has a gain of 2.9% on the weekly chart.
Interestingly, Captain Faibik has identified a bullish pattern on the XRP price chart. He told his followers the altcoin has formed a bullish pennant on the daily timeframe. Captain Faibik expects the XRP price to pump by 80-100% in the mid-term. Such a move could push the Ripple price to $4.9.
The relative strength index is above the midline, a sign that more bullish action could occur in the coming days. In other news, Anthony Scaramucci, a former White House Director of Communications, claims the securities regulator has dropped its case against Ripple, a move that could cause the XRP price to skyrocket.
According to data from CoinMarketCap, the Solana price has plunged from $178 to the $130 range. The latest pullback occurred just after the Solana price skyrocketed following the addition to the US Crypto Reserve. Many investors might have taken advantage of the Solana price uplift to make a profit.
The Solana price is now bearish on the weekly and monthly charts with declines of 2.2% and 36.1%, respectively. Meanwhile, Karan Singh Arora forecasts the Solana price might drop to $100 before the end of March. According to him, FTX just deposited 24,799 SOL on Binance and could dump it anytime.
If the $100 level caves in, the Solana price could even drop to $90. Right now, investors’ sentiment is bearish. The Fear and Greed Index has dropped into the Extreme Fear region.
Over the years, investors in the financial market have suffered low transaction speed, few tradeable assets, high fees, and security threats that affect their profitability. Here comes DTX Exchange (DTX), a new trading platform that seeks to solve these shortcomings. DTX offers over 120,000 asset classes such as cryptocurrencies, stocks, commodities, and tokenized real-world assets.
Based on the VulcanX blockchain, the DeFi project provides users access to very fast and secure transactions at over 200,000 TPS. It also has other advanced tools such as AI bots and copy trading, which help the users make decisions based on real-time data and information.
Meanwhile, the DTX token is an integral part of the ecosystem’s offering as it offers lower fees, staking, and voting rights to the holders of the token. The cryptocurrency is currently in the ninth stage of its blockchain ICO and is priced at $0.18. With over $15.5 million raised, DTX Exchange will give investors 2x returns on their investments as the DeFi coin price will be listed at $0.36.
While traders wait for a potential XRP price pump move and Solana fails to build up the momentum, DTX Exchange is preparing for a 2x jump. This DeFi token has a unique utility in the DTX Exchange ecosystem offering users access to staking rewards and returns. DTX could be the next crypto star to rise in the coming months.
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