The first two weeks of the month have been exciting, from the buzz around “Uptober” to Satoshi Nakamoto’s big reveal—even though Peter Todd denies being Bitcoin’s creator. Also, the SEC puts itself in the spotlight by filing an order of appeal in the Ripple (XRP) case, pushing the altcoin into uncertainty.
Meanwhile, large-volume investors have been flocking in droves to DTX Exchange (DTX), a new ICO, ahead of Binance Coin (BNB), for significant gains. Its upside potential as a low-cap gem and a solid altcoin that combines the best elements of decentralized and centralized exchanges makes it a new DeFi project worth betting on.
DTX Exchange (DTX): Whales Bet on New Altcoin for Huge Gains
DTX Exchange (DTX) is the latest altcoin on whales’ radars, captivating attention thanks to its novelty and significant growth prospects. This surge in interest pushed it past $4 million in early funding this week, overtaking other top ICOs and cementing its status as this quarter’s best presale.
With the presale in its third round and inching closer to its debut, it presents a great buying opportunity. Savvy investors are already grabbing a bag at $0.06, positioning themselves for what might be huge gains and a joyride. Meanwhile, experts predict a 50x rally post-launch, partly responsible for the rising whale interest.
Also driving demand is its novelty—a hybrid trading platform. Unlike conventional exchange protocols, DTX will combine the best elements of DEX and CEX, building a one-stop platform that meets all trading needs. It will also bridge the gap between TradFi and DeFi by allowing the trading of over 120,000 asset classes, potentially transforming the $10 billion global trading market.
Ripple (XRP): Bitcoin’s Jump Above $65,000 Will Spark a Rally
Ripple (XRP) makes up the top 10 cryptocurrencies and also plays a key role in the landscape. As a payment-based protocol, it assists with cross-border transactions, contributing to rising demand and growth.
However, following recent developments, sentiment has been largely cautious and bearish. The SEC’s appeal against a federal US court decision casts a big shadow, pushing it to the downside. Unsurprisingly, Ripple (XRP) trades downward in response to this development.
The XRP price is down by over 2% in the past 7 days. On the monthly charts, it nosedived from a high of $0.66 to $0.52, signifying market uncertainty and declining confidence. However, indicators point towards a reversal. According to an XRP price prediction, Bitcoin’s breakout above $70,000 will push it above $1.5 before the year’s end, making it a good crypto to buy at the current price.
Binance Coin (BNB): Is $1,000 Before the Year’s End Far-Fetched?
Binance Coin (BNB) is one of the leading cryptocurrencies—a top-5 digital asset. It is behind only Ethereum on the altcoin list, underscoring its leading status and market dominance. More importantly, as an exchange-based token at the heart of the entire Binance ecosystem, it is constantly in demand, pushing up the price.
The past few days have been bullish for the BNB coin as it maintains key supports. On the weekly charts, the BNB price soared 5%, exchanging hands above $570. It is tipped to break above $600 in the coming days, placing it on the list of altcoins to watch.
Moreover, a BNB price prediction hints at a jump above $1,000 before the year’s end. While Binance Coin (BNB) might not be entirely appealing to retailers given how much a token costs, it is nonetheless among the best cryptos to invest in for large-volume investors.
Conclusion
Despite recent volatility in the Ripple (XRP) price amid the SEC’s appeal, a breakout above $1.5 is on the cards if Bitcoin jumps above $70,000. Meanwhile, DTX Exchange (DTX) has emerged as a top pick among whales over Binance Coin (BNB). Its 50x upside potential and novelty as a hybrid exchange platform make it a new DeFi project to bet on.
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