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A crypto enthusiast recently declared that Ripple (XRP) is the new Bitcoin (BTC). The payment-based cryptocurrency has been one of the biggest highlights of Q4, outperforming the crypto market. However, Solana (SOL) takes a breather but targets a huge price leap.
Meanwhile, whales are doubling down on DTX Exchange (DTX). This new altcoin will represent the worlds of TradFi and DeFi, capturing investor interest. Its hybrid trading protocol and combination of the best elements of centralized and decentralized exchanges drive demand, pushing it past $9 million in early funding.
DTX Exchange (DTX) is one of the latest whale favorites; it recently crossed the $9 million fundraising milestone amid rising demand. Behind the growing interest are its substantial upside potential and solid fundamentals as a blend of TradFi and DeFi.
It will take a unique approach by bridging the gap between traditional and decentralized finance through a unified Layer-1 blockchain, VulcanX. It aims to integrate conventional financial instruments with cutting-edge Web3 products. In a nutshell, it will allow the trading of over 120,000 asset classes and employ the asset tokenization model.
Further, it will combine the best elements of CEX and DEX, aiming to transform the $10 billion global trading market. In round 5 of the presale, a token is competitively priced at $0.10 and is tipped for a 55x rally after its debut. Set to outshine top crypto coins like Ripple (XRP) and Solana (SOL), it is one of the new DeFi projects to keep on the radar.
Ripple (XRP) basks in the spotlight, making headlines after flipping the SOL market size. It recently surpassed BNB’s market cap, cementing its status among the top altcoins. The XRP price soared 60% on the weekly chart and 350% in the past 30 days, retailing above $2.3.
It jumped from a monthly low of $0.49 to reach within striking distance of its all-time high of $3.84. Its upside potential is backed by technical indicators like the 10-VWMA and 9-HMA, which suggest further gains.
Moreover, JayXRP2, a crypto analyst, sees the Ripple (XRP) price hitting $3.19 soon. Mel_Senechal, another analyst, hints at a Ripple (XRP) run to $5.3 during this bull run. With plenty of room to run, XRP is among the best cryptos to invest in.
Solana (SOL), a top 5 cryptocurrency, has had better days. The Solana price tumbled 6% in the past seven days, hovering above the $230 support. However, it is on the upside in the monthly timeframe—a 40% gain. It seems to be gathering momentum ahead of its next upswing, positioning it among the best altcoins to invest in.
CryptoCrusadder, an analyst, expects a jump between $450 and $550 this altseason. A similar sentiment is shared by TeTheGamer, who believes the Solana (SOL) price will top at $460 and argues that $1,000 might be too ambitious.
Moreover, bullish technical indicators like the 30-EMA and 30-SMA suggest further price upswings. Solana’s next jump will likely push it above $300, catching up with runaway gainers like XRP and ADA and placing it on the list of altcoins to watch.
Of course, Solana (SOL) and Ripple (XRP) are two of the most popular cryptocurrencies. But are they the most promising? The answer is no. As large caps, they have limited upside potential, driving whale interest in DTX Exchange (DTX) instead, a low-cap gem. Moreover, by standing at the intersection of TradFi and DeFi, it is primed to skyrocket.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
