The bulls maintain traction, with another wave imminent. Ripple (XRP), one of the top altcoins, hovers above $1 after the recent breakout. Solana (SOL) also crossed $240, within striking distance of its 2021 all-time high.
Simultaneously, crypto whales are betting on DTX Exchange (DTX), a new exchange-based token. Unlike existing trading protocols, it takes a unique approach by blending the best CEX and DEX elements—a hybrid exchange platform. On the cusp of massive adoption, it is a new DeFi project to watch out for.
DTX Exchange (DTX): Rising Whale Interest Pushed Presale Above $8M
DTX Exchange (DTX) is on whales’ radars for several reasons. It aims to bridge the gap between crypto and the traditional financial system, providing a one-stop platform for trading diverse assets. Taking a unique approach—a hybrid trading model—it is set for huge adoption and growth.
Its blend of the best elements of the two exchange types—CEX and DEX—will make it a strong contender in the $10 billion global trading market. It will allow the trading of diverse assets across stocks, ETFs, bonds, commodities and cryptos from a single wallet. Additionally, users will retain control of their funds and private keys—non-custodial storage solutions.
The above will set it up for adoption, positioning it among the best cryptos to buy. Moreover, its growth potential is staggering, driving huge whale interest. Over $8.1 million has been raised in funding, with a token priced at $0.10 in the fifth round. Experts predict an 85x rally after listing, primed to challenge the dominance of Ripple (XRP) and Solana (SOL).
Ripple (XRP) Hovers Above $1
Ripple (XRP), one of the top crypto coins, has finally shrugged off bearish pressure. Despite the legal standoff with the SEC, it skyrocketed alongside the wider crypto market. The XRP price exploded 100% in the past month and over 80% in the weekly timeframe.
It hovers above the $1.1 support, a level last seen in 2021. With plenty of room for growth as it prepares to flip its 2018 all-time high of $3.84, it is among the best cryptos to invest in. Moreover, it trades above the 10-EMA ($0.91) and 10-SMA ($0.8), hinting at further price gains.
Bullish forecasts further stir excitement within the Ripple (XRP) community. Mesawine1, a crypto analyst, believes XRP has started its final W5 and based on EWT, $15 to $17 is on the cards. At the same time, virage007 sees a jump to $1.20 in the near term and at least $2.50 this bull cycle.
Solana (SOL): How High Can It Go?
Solana (SOL), the fourth-largest cryptocurrency, is one of the best altcoins. Its robust ecosystem and widely embraced DeFi solutions are largely behind its stellar performance. The Solana price crossed $2,400, registering a 50% uptick on the monthly chart and 9% in the past seven days.
An inch away from its 2021 all-time high of $260, SOL is one of the altcoins to watch. A popular crypto analyst, Miles Deutscher, highlighted the same pattern as 2021, projecting a rally to $780 this bull cycle.
Another crypto analyst, BoltXBT, sees a clear path to a new peak after a breakout. Their first target is $307, potentially reaching a $415 to $427 high. The 14-day RSI, 200-SMA and 20-VWMA are buy signals suggesting future gains. With price discovery imminent, it is one of this cycle’s best bets.
Can DTX Exchange (DTX) Challenge the Dominance of Solana (SOL) and Ripple (XRP)?
DTX Exchange (DTX) is set for massive adoption and growth as a novel hybrid trading platform. Moreover, as a bridge between TradFi and DeFi, its outlook couldn’t be more bullish, making it a strong contender against Solana (SOL) and Ripple (XRP).
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