Presently, Ripple has been consolidating in a narrow price range due to the recent correction that hit the market recently. Also, the Solana coin has experienced a massive pullback below the $170 mark. However, there is a project that is still gaining attention within the market. The name is DTX Exchange (DTX).
This innovative DeFi project is set to transform trading by integrating the traditional financial marketplace with cryptocurrency technology. Over $14.8 million has been raised by DTX, as investors believe it could transform the crypto trading space. DTX could be the hidden gem that has the great potential to give investors 10x returns.
Ripple (XRP) Trades Within Tight Range
The XRP price is currently consolidating around the $2 region. Ripple (XRP) is one of the top crypto coins that has given in to bearish pressure these past few weeks. Nevertheless, CoinMarketCap data reveals the XRP price has shown resilience. Bulls have defended the $2 support, preventing the XRP price from plummeting to lower levels.
Meanwhile, a top analyst known as Eyesopenameri_1 argues that this is the best time to buy the Ripple crypto. They forecast the XRP price might surge to $10 in the coming months. Another crypto expert, called Crypto Beast, told their followers the XRP price could soar to $10 this crypto bull run.
They noted that huge partnerships are on the way which could increase adoption and push the XRP price to a new peak. In the meantime, CoinMarketCap data shows the XRP price has soared by 5.7% on the weekly level. However, the XRP price has been on a decline, losing more than 13.4% over the last 30 days.
Solana (SOL) 11.2M SOL Unlock Causes Downtrend
The SOL price has been on a downtrend in the past few weeks. The news of an 11.2 million unlock by the FTX exchange on March 1 has increased selling pressure among investors. Currently, CoinMarketCap data indicates the SOL price has dipped below the $170 level. The SOL price has declined by 15.2% and 29.3% on the weekly and monthly timeframes.
Nevertheless, analysts remain optimistic that the SOL price could surge in the coming months. ZAYKCharts forecasts the SOL price could soar to $250 in the coming weeks if it breaks out of a descending channel formation.
Another crypto enthusiast called Watchingmarkets says the SOL price might rally to $400. In the case of a downtrend, Ali Martinez notes the SOL price has strong support in the $180-$190 range. Right now, technical indicators like the relative strength index and VWMA (10) show that bears are in control.
DTX Exchange (DTX): Revolutionizing Multi-Asset Trading
DTX Exchange (DTX) is revolutionizing the financial markets by providing an integrated trading environment for various markets. DTX provides more than 120,000 asset classes including cryptos, stocks, forex, precious metals, commodities, and tokenized ETFs. This makes DTX the one-stop solution to the needs of every kind of trader.
Created for openness and safety, DTX does not require users to go through the KYC procedure, which makes it a No-KYC exchange. This makes it possible for global traders to open accounts and get access to the platform without any hassle, and at the same time, the platform does not hold the funds of the traders.
In addition, DTX is powered by the layer-1 blockchain, VulcanX, helping it reach speeds of over 100,000 TPS. DTX is still in its presale stage where 1 DTX costs $0.18. It has raised over $14.8 million in funding and is expected to rise by 10x soon. Those who have the coin can even stake it for extra rewards as high as 33% APY.
DTX Exchange Emerges As Investors’ Favourite Altcoin To Buy
While the future of Solana and Ripple remains uncertain, DTX Exchange stands as the best option for those who want to make big money. This innovative trading platform and the increasing number of users may be the key that the market has been missing. Those who want to join the train should join the ongoing blockchain ICO before it ends.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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