Since the start of the new bull cycle, investors have been exploring potential opportunities in the cryptocurrency market. A Ripple millionaire who made $11 million from the recent rally in the XRP price has placed a significant bet on DTX Exchange (DTX), positioning it as a new rival to Cardano (ADA). He said DTX Exchange’s hybrid platform is transforming the trading landscape and is poised to outperform traditional exchanges.
With the presale still ongoing, let’s examine why DTX Exchange may be a more prospective investment option than even the leading giants like Ripple (XRP) and Cardano (ADA).
XRP Price Consolidates Near ATH
In the last few months, Ripple has dominated the market with massive price swings. In the previous 30 days, the XRP price surged 36.52%, reaching a recent high of $3.40. From 4th January, the XRP price formed a bull flag-like pattern, which broke out on 11th January, maintaining its momentum, and reaching a new ATH after 7 years.
Source: CoinMarketCap
However, during the last two days of market volatility, the XRP price has retraced near the 10-SMA and is still searching for support. Currently, it trades at $3.06 and has a trading volume of $19.09 billion. Technical analysis shows that the next barrier for the XRP price is at $3.40, and if it succeeds in overcoming it, a bullish breakout toward $4 and above may occur.
Crypto analyst Ali Martinez noted that Ripple whales wasted no time taking advantage of the slight weekend discount, buying up 100 million Ripple (XRP) tokens. This continuous accumulation and optimism about regulation have strengthened the XRP price, which might continue in the coming weeks.
Cardano (ADA) Falls 7.45% Intraday
Since profit booking started in the market, Cardano (ADA) has lost nearly 8% of its market cap in just 24 hours. It faced rejection near the previous high made on 7th January and has decreased by 18% from the same. Cardano (ADA) is currently hovering above 50–SMA, and the continuation phase may continue for a few weeks.
Cardano (ADA) recently made it to CoinMarketCap’s new list of “Made in America” digital assets. Adding to the positive momentum, Cardano (ADA) is expanding its presence in Argentina. The plans include developing a social security benefits system, managing union records, collaborating with the Buenos Aires Technological University, and creating a student identity tracking system.
DTX Exchange: The Rising Star In the Trading World
The crypto market is opening a new chapter as DTX Exchange (DTX) attracts attention from big players like whales and institutional investors. The platform plans to rapidly expand its market share in the $100 trillion trading market. DTX is a new-generation hybrid exchange that blends the strengths of centralized and decentralized exchanges.
DTX Exchange is powered by the Layer-1 VulcanX blockchain, which eliminates the inefficiencies of traditional exchanges with lightning speed and enhanced scalability. The blockchain performed tremendously in the testnet, resulting in 100,000 TPS.
Community is the backbone of any crypto project, and the DTX Exchange ecosystem has been developed with community members in mind. The VIP Rebate Program allows users to earn passive income through a 3% share of the exchange’s fee revenue. Moreover, members can use the DTX staking feature for up to 56% APY.
DTX Exchange is committed to democratizing investors’ participation through its fair launch system. Currently priced at just $0.14 in its presale, the DTX token has achieved over 12 million in sales. The remarkable success of the presale signifies investors’ confidence in the company’s future prospects.
Analysts believe after the mainnet launch, the DTX token could surge 30x within a few months. For those who want to enter the bull story of the crypto market, the constantly growing DTX is the token that should be kept in your portfolio.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
