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The crypto market has made many investors unhappy this festive season with the recent drops in the market and liquidations of futures. Markets that had been on a bull run on expectations of a more crypto-friendly government, lowering Fed rates, and rising crypto ETFs went crashing after the FOMC meeting.
Bitcoin and its not being used as a Reserve currency, as well as cautionary statements, turned the markets red as bear forces took over. Most coins lost huge momentum, and current market darling XRP’s price also went for a dive. XRP had proved resilient during earlier scares, both during the South Korean conflict and earlier market dips.
The recent bearish sentiment is making it difficult for XRP price to regain lost ground as it trades 9% lower in the weekly charts. Many investors are now moving more of their holdings to DTX Exchange to exploit its bullish momentum.
This hybrid trading platform is set to launch a layer-1 blockchain, has already launched its Phoenix Wallet, and is listed on CoinMarketCap.
Ripple is an open-source and decentralized technology. The major benefits of Ripple are its XRP Ledger. This offers low-cost, high-speed, scalable operations combined with inherently green attributes like its carbon-neutral and energy-efficient operations.
Ripple made its investors rich, as the XRP price rose in double digits until last week. However, recent crypto market issues have led to a drop in XRP’s price after it touched a new ATH of $2.89 in early December.
The market cap for Ripple is down to $124 billion, and its market volume is $4.79 billion. Experts hope the market will soon recover as its technical soundness wins over the markets. However, many investors are moving to a sure upside option. They are opting to pick up the DTX Exchange presale, where 200x growth can occur soon.
DTX is the first hybrid trading exchange to let its users trade in crypto, forex, stocks, and Exchange-Traded Funds (ETF) through one platform. The platform features unparalleled trading options and cutting-edge infrastructure to facilitate smooth trading operations.
This next-generation hybrid platform’s 1,000x leverage feature enables traders to increase their trading potential significantly. Security features like two-factor authentication and cold storage protect users’ funds. The platform also has a non-custodial wallet, Phoenix Wallet, which gives users full ownership of their assets.
DTX Exchange (DTX) is a standout launch of 2024, raising $10.57 million with strong investor interest and community backing. Due to its ability to revolutionize the entire trading sector, it is a compelling choice for investors looking for a high-return alternative to major cryptos like Ripple.
With DTX priced at just $0.12 in its 6th presale stage, it is expected to gain at least 200% once it lists on Tier-1 exchanges. More gains are anticipated as the presale continues, and after its listing on Tier-1 exchanges, it is among the best altcoins to invest in.
DTX Exchange (DTX) is one of the promising new crypto projects with plenty of room for growth. In addition to its growth prospects, its future transformation of the crypto trading scene makes it a solid altcoin to hold on to. It combines CEX and DEX and bridges the gap between TradFi and DeFi.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
