People who are active in the crypto arena know that they need to stay alert for new opportunities constantly. This is why it was such a big deal when a well-known Ripple (XRP) trader put a lot of money into DTX Exchange (DTX), a Stage 2 presale star. This project has already soared by 100%, and many analysts see it as the next Solana (SOL).
They have pegged this rookie as a potential 70x crypto in 2024. Let’s take a closer look at why everyone is excited about DTX Exchange.
Solana (SOL): Second ETF Approved in Brazil
Solana (SOL) is a cryptocurrency that has seen some exciting developments in the crypto market. Recently, the Brazilian Securities and Exchange Commission approved a second Solana ETF. This ETF will be offered by Hashdex, an asset manager founded in Brazil.
This big Solana news could cause interest in the crypto to rise. Speaking of which, SOL’s value fell nearly 20% in the past 30 days. This crypto still sits below its 50-day exponential and simple moving averages while its RSI is 32. This means that Solana may continue this downtrend.
Nevertheless, analysts are still optimistic about the Solana crypto as the ETF approval could be a turning point. They predict SOL will trade at $150 before September 2024 ends.
Ripple (XRP): Still No Breakout
Meanwhile, Ripple (XRP) has been riding a bullish wave. Over the past week, the Ripple price jumped nearly 5%, according to CoinMarketCap stats. Crypto analyst Nebraskangooner told his 350K followers that the best move for XRP is to wait for a break before it enters an upside move. He also says that this coin has still failed to break out of its resistance level of $0.61.
The technicals for the Ripple crypto also show some positive signs. XRP’s MAC level is currently in the buy zone while trading above its 100-day simple and exponential moving averages.
Because of all these factors, experts have made a bullish Ripple price prediction – reaching $0.65 before the end of October 2024.
DTX Exchange (DTX): A Hot Presale Right Now
A prominent Ripple trader has turned to DTX Exchange (DTX), the hottest presale right now. This project has already raised over $1.4M, and projections show it could hit $2M before the end of August 31st, 2024. But this performance has not gone unnoticed, as YouTuber Crypto Infinity says that DTX Exchange may be the next big thing in the crypto market.
DTX Exchange has what it takes to attract experienced traders because of its hybrid model that combines CEX and DEX. This platform is versatile as it allows people to buy over 120K asset classes like gold, FX, and cryptos while keeping their anonymity by needing no sign-up KYC checks.
This platform has its own native utility token, DTX. Holding it gives you lower trading fees and voting rights for governance issues. It is now worth $0.04 in Stage 2 of its presale—a 100% rise from its starting price. But this price will reach $0.06 when Stage 3 goes live. Experts predict another 70x jump after DTX hits Tier-1 exchanges in Q3 of 2024.
Can DTX Exchange Outpace Solana and Ripple?
DTX Exchange is quickly becoming a major player in the crypto market, as it has many perks over Solana and Ripple. This rookie is connected to the $1.4T FX market and has a smaller market cap than these crypto coins. As a result, DTX will remain more stable in volatile markets and soar much faster since it needs less money to see a price surge.
Learn more:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
