The crypto market is setting up grounds for a new bull cycle as Bitcoin (BTC) nears the $100K range again. Other altcoins like Ripple and HBAR are also closely following, with investors consolidating their holdings as a surge is anticipated. Hedera (HBAR) has shown strong growth over the past two months, surging over 600% between early November and mid-December.
While both these altcoins are waiting for their next surge, a presales project with high gains is amazing investors. The hybrid trading platform DTX Exchange has raised $11.33 million in funding and has become a game changer in the digital asset space within a short time.
Ripple XRP price maintaining $2.4
Ripple (XRP) is the most talked about crypto nowadays due to its multiple achievements, as well as its regulatory run-ins with the SEC. It is experiencing increasing acknowledgment for its real-world applications in cross-border payment systems. However, the price performance of this token is not demonstrating its high utility, mainly because of uncertainty about its regulatory fate in the US.
Source: CoinMarketCap
Recent data shows that the XRP price is trading at $2.38, slightly up by 1% in the daily charts. The XRP price has surged recently, but rising markets seem to have stalled its upward momentum. Although Ripple has suffered setbacks, it could still break out if macroeconomic conditions improve. However, $2.50 seems like a far-off target for the XRP price, and support levels of $2.3 can be tested in the coming days.
Hedera (HBAR) rises 10%, back to early December range
Hedera (HBAR) is a leader in enterprise blockchain solutions and has performed exceptionally well in the November and pre-FOMC markets. It hasn’t been immune to market pressures, as its price has dropped since then. Hedera (HBAR) is trading around $0.30 right now and is up 10.5% in the weekly charts, while its market volume is down 6% to $509.44 million.
Source: CoinMarketCap
As Hedera (HBAR) develops its environmental accountability and real estate management features, its price is dictated by the broader market’s volatility. Its future growth will depend on how it helps drive adoption through its partnerships with real-world institutions.
DTX Exchange stars with $11.33M presales
While recognized players such as Ripple and Hedera (HBAR) face market volatility, DTX Exchange is proving to be the go-to alternative. The top feature of the DTX platform is its hybrid structure, which links the distance between traditional finance (TradFi) and decentralized finance (DeFi) to create a smooth trading experience.
In the fast-expanding multi-billion online trading platform market, DTX is positioned as a game-changer by its unique mix of efficiency, accessibility, and creativity. The objective of DTX Exchange (DTX) is fundamentally security and user control. The platform guarantees traders have total control of their assets by using non-custodial storage and wallet-based trading, therefore establishing a clean and safe environment unlike those of conventional exchanges.
Conclusion
DTX Exchange has a proposed listing price of $0.20, but the current token price is set at $0.14, which means investors can make a 60% profit from the listing alone. As DTX seems to be serving as a utility investment, there’s more attention from institutional and retail traders. In its presale, it raised over $11.33 million, indicating a high potential for gains by early investors.
To know more about the DTX Exchange ecosystem, Check out:
DISCLAIMER – “Views Expressed Disclaimer: This article is not financial advice. Cryptocurrencies are volatile and unpredictable. Due diligence and caution are paramount. Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more
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