Traders who caught the moves in XRP price have made remarkable returns in a short period. One of the Ripple millionaires who made over $1 million in profits has ventured into DTX Exchange and PNUT. He entered DTX Exchange at $0.1 with an investment of $300k. The rest of the funds he has moved into PNUT. This article will analyze what XRP millionaires saw in the DTX Exchange and PNUT.
XRP Price Pauses For Breather After Rally
Ripple’s XRP price is trading at $1.07 on Wednesday, holding its spot as the top-performing cryptocurrency among the top 20 by market cap. It has surged over 50% in the past week. On the daily chart, the XRP price is near the local support level of $1.04. If the daily candle closes below this level, it could signal a breakdown, potentially pushing the price down to the $1 zone.
However, the rally in the XRP price may continue, fueled by speculation that the ongoing Ripple lawsuit with the US SEC could end soon, especially if SEC Chair Gary Gensler steps down. XRP price recently spiked above $1 after Gensler hinted at a possible resignation.
DTX Exchange Attracts Investors With Unique Approach In The Web3
Investors are flocking to DTX Exchange (DTX) with projected gains of 100X in sight. DTX is the utility token of the DTX Exchange ecosystem and has diverse utilities within the platform. The DTX platform has become popular among the first entrants in the hybrid space. DTX Exchange is bringing CEX and DEX features into one place, which will largely help DeFi users.
The VulcanX layer-1 blockchain will bridge the gap between traditional and digital finance, providing users with diverse options. It will also reduce trading fees and increase the speed to 0.4ms. This has already been tested in the Testnet launch, which recently achieved a speed of 10,000 TPS.
After the main development of the hybrid protocol, DTX Exchange has emphasized security and community. DTX provides a non-custodial wallet, allowing users to control and access their assets anytime. Also, the audit from SolidProof has increased the credibility and security of the DTX Exchange.
DTX Exchange is now in its 5th presale stage, offering DTX tokens at $0.1 each. So far, it has raised over $8 million, which will go towards development and marketing efforts.
PNUT Drops Below $2 After Going Viral
Peanut the Squirrel (PNUT), which became viral recently, has fallen below the $2 zone after reaching a high of $2.5. The recently launched PNUT went viral due to an internet incident on a Squirrel, and its market cap climbed to $2 billion. PNUT has corrected nearly 40% from the top, dropping to the $1.6 support level.
However, the PNUT price volume in the correction has subsided significantly, showcasing the low strength of the selling. If the current support breaks, it might fall to the next major support of $1. At the same time, the recent high will be the local resistance for PNUT.
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