DTX Exchange (DTX) is grabbing attention in the current crypto market. People are becoming more excited about the upcoming L1 blockchain launch. Meanwhile, established crypto coins like Ripple (XRP) and Toncoin (TON) are seeing some volatility as they show bleeding charts.
As these cryptos fall, DTX rises. It reached Stage 3 of its presale in record time, giving early buyers a 200% return. Some analysts hint that this rookie could be the next 70x crypto in 2024. Keep reading to find out why.
DTX Exchange (DTX): An Upcoming Game-Changer
DTX Exchange (DTX) is making waves in the crypto arena. Its ongoing presale has been amazing, raising over $2M and potentially hitting $3M before September 2024 ends. People gravitate to this presale as the L1 blockchain protocol will launch soon. Some YouTubers like CryptoDexWorld even see this decentralized trading platform as the best.
What makes DTX Exchange so special is its hybrid trading model, which combines the best of CEX and DEX. With this model, people can buy over 120K asset classes like CFDs, crypto coins, and FX at 1000x leverage. Plus, they enjoy fast transaction speeds, as low as 0.04 seconds, and complete privacy through no sign-up KYC checks.
The main component of DTX Exchange’s ecosystem is the DTX utility token. It was worth just $0.06 in Stage 3 of its presale—a 200% rise from its starting price. But this price will jump to $0.08 after Stage 4 begins. Some experts even foresee this token soaring by 70x after a Tier-1 CEX lists it in Q3 of 2024.
Ripple (XRP): Facing Turbulence
Ripple (XRP) has been showing red price charts. Over the past week alone, the Ripple price fell nearly 8%, according to CoinMarketCap data. Nevertheless, a big analyst is still confident—Egrag Crypto. In his X post, Egrag claims that if XRP sees half of its 2017 pump, it may reach its 0.618 Fibonacci level. This puts the Ripple coin target around $27.
With JackTheRippler’s rumors that Ripple has already paid $125M to the SEC and a major announcement coming soon, the future for XRP looks bright. Experts consider all these factors when making their Ripple price prediction.
In it, they foresee a rise to $0.63 for the Ripple crypto before October 2024 starts. This has made some people sidestep XRP for other projects with more growth potential.
Toncoin (TON): Heavy Dropping
Toncoin (TON) is another crypto that has fallen recently. CoinMarketCap shows that the price of Toncoin dropped over 20% on the 1-month chart. The arrest of Pavel Durov, the CEO of Telegram, still affects this crypto.
Even crypto analyst Nebraskangooner says that TON has been plummeting on heavy volume. He says the Toncoin crypto may drop to its support zone of $3.8 soon. Also, TON is trading below its 100-day exponential and simple moving averages which shows bearish momentum.
As a result, market analysts have made a conservative Toncoin price prediction. They predict that TON could drop to $3.70 in October.
Why Is DTX Exchange Outshining Ripple and Toncoin?
While Ripple and Toncoin face some challenges, DTX Exchange is making a lot of noise. People gravitate to it as DTX has a better chance of providing bigger returns. DTX has a smaller market cap than these crypto coins and is tied to the $1.4T FX market. With these perks, it needs less new money for its price to rise and remain stable.
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