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The cryptocurrency market seems to be on the verge of a revolution as new developments are brewing every day. Rumors are saying Ripple (XRP) ETF seems to be around the corner. Meanwhile, DTX Exchange marks its $11 million presale funding milestone.
This article will focus on why XRP seems to be all set for a bull rally after ETF news surfaces and also on how DTX Exchange is taking the crypto world by storm through its revolutionary approach.
The Ripple (XRP) community is eagerly awaiting the U.S. SEC appeal deadline on January 15th and its possible impact on the outlook for the XRP ETF.
In November, the agency asked for an extension to file its appeal by early January, which some said was to wait for the results of the US elections. Now, with the incoming pro-crypto Trump administration and Paul Atkins as SEC chair, some are unsure if the agency will proceed with the appeal.
According to former SEC attorney Marc Fagel, the new administration might reject it. If the appeal is denied, the regulator could clarify XRP's security status and speed up the likelihood that it will be approved as an ETF.
To date, the agency has only approved Bitcoin and Ethereum ETFs but the market has held out hope that the new administration will approve several altcoin ETFs in 2025. Bitwise, Canary Capital, Wisdom Tree, and 21Shares have already filed SEC applications for US spot XRP ETF.
Wall Street traders are hoarding more and more XRP as strong rumors about the debut of an XRP ETF surface on the internet. The ETF can potentially attract billions of dollars in investments, solidifying XRP's position as an asset class.
Large institutional players' acquisition of XRP is a calculated move because an ETF for XRP is anticipated to drive investment volume significantly.
After the ETF launches, these traders anticipate that the price of XRP will soar, at least 2x its current value. While XRP investors prepare for this rally, another coin named DTX Exchange reaches new highs in its ongoing presale, and that too for all the right reasons.
DTX Exchange (DTX) is an upcoming platform that aims to disrupt the traditional finance market with its transformative approach. The platform aims to combine the benefits of centralized and decentralized finance under one platform, offering multiple asset classes to users in one place.
This is enabled by its layer-1 blockchain giant, VulcanX, which connects old-school assets like stocks and bonds to modern-era ones like cryptocurrencies and ETFs. The platform recently launched its testnet which gave an estimated TPS of over 100,000, making a record of being one of the fastest in the industry.
Furthermore, the platform elevates its game and sets itself apart from the herd of exchange platforms on the market by offering innovative features. These features include leverage options up to 1000x, Phoenix Wallet launch, no-KYC policy regulation, user-friendly interface, ETF tokenization, and a lot more that is yet to be revealed.
The platform recently marked a milestone by collecting over $11.2M in funding in its ongoing presale. The presale is currently in phase 7, offering each DTX token for a mere $0.14. This is being considered as a low-cost entry point to a project that is likely to generate 100x ROI.
To sum up, the growing tendency of Wall Street traders towards the accumulation of XRP, due to rumors of XRP ETF, clearly points toward the end of the ongoing bear market.
ETF setting up would not only endorse XRP as an asset class but would open the gateway to institutional investors that would have a steering effect on the price.
Furthermore, the notable $11.2 million milestone in the ongoing DTX Exchange presale, reflects how more people are increasingly getting interested in projects that not only offer high-profit potential but are also backed up with solid technology.
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