The cryptocurrency market constantly changes, and investors are always looking for the next big thing. Bullish sentiment emerges as Bitcoin (BTC) breaks above the $67,000 barrier level and moves closer to $70,000. As investors get ready for future developments. Experienced investors have begun participating in the presale for DTX Exchange (DTX) as it crosses the $5 million fundraising mark.
Social media users also discuss the $500k that the Dogecoin (DOGE) and Ripple (XRP) whales put in DTX in less than a day. The market’s overwhelming demand is due to its hybrid trading method—a fusion of DEX and CEX—and its enormous upside potential.
Ripple (XRP) skyrockets after partnerships with Moonpay
As Ripple (XRP) buying and storing services were made possible via Ripple’s collaboration with MoonPay, the price of Ripple (XRP) surged. Ripple’s (XRP) price movement indicates that during a period of restricted market activity, Ripple (XRP) has been trading between $0.53 and $0.55 during the past several days.
The price chart of Ripple (XRP) emphasizes the consolidation that has occurred recently following an earlier October decline. The current candlestick pattern illustrates the lack of volatility in the market and traders’ hesitancy. Given the growing demand, the latest cooperation may lead to a breakout from Ripple’s (XRP) narrow trading range.
MoonPay and Ripple hope to make XRP available to over 20 million customers globally through their agreement. Ripple (XRP) may now be purchased, stored, and managed directly through the app with MoonPay.
Ripple faces constant regulatory hurdles from the SEC; thus, this revelation is critical for the company. The broader exposure to the MoonPay user base may stimulate further demand for Ripple (XRP) and sustain the current price surge.
Dogecoin (DOGE) is 15% up weekly; who is behind this price rally
Dogecoin (DOGE) saw a 15% weekly rise as of its transaction at $0.122. With its recent increase, the meme coin is now the best-performing cryptocurrency out of the top 40 in market value. The market capitalization of Dogecoin (DOGE) is noteworthy at over $17.8 billion.
This indicates that traders remain optimistic about Dogecoin’s (DOGE) future. Notably, this cryptocurrency is still almost 83% behind its three-year-old all-time high (ATH) of $0.7376.
Musk’s control over cryptocurrency is particularly important to consider. When Musk merely typed “Doges ftw” on his X page in July 2023, the price of Dogecoin (DOGE) surged.
From a technical aspect, the meme currency is seeing a significant upswing. For reference, the currency has successfully broken through the $0.1200 resistance level to attain its present market value. Similarly, Dogecoin (DOGE) trades significantly above the 100-hourly Simple Moving Average (SMA). Its Moving Average Convergence Divergence (MACD) likewise shows good momentum in the bullish zone.
The top pick for investors in 2024 is the DTX Exchange (DTX)
Many analysts have named DTX Exchange as one of the top projects for 2024. by reducing spending and doing away with central governance. The demand for DTX Exchange has increased significantly since the staking option was added.
By staking their digital assets on DTX Exchange for a certain period, users can earn up to 15% APY. This helps users increase their holdings and contributes to the network’s upkeep and security.
DTX Exchange is building a single Layer-1 blockchain that links Web3 goods with conventional banks to provide a hybrid FinTech solution. Trading more than 120,000 assets on a single platform will pave the way for broad adoption.
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 Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.