The next upswing in the crypto market has started with Bitcoin touching new highs. These bull market conditions have pushed Solana (SOL) and Ripple (XRP) crypto whales to enter potential emerging projects that can create multi-bagger returns in this bull market.
One name in the focus is DTX Exchange (DTX), and investors from both SOL and XRP have entered the presale with investments of over $1.62 million. According to reports, as the DTX presale concludes, it will be listed on Tier-1 exchanges, which can trigger a price rise similar to Ripple (XRP).
Will Developments In Solana Catalyze The SOL Price?
ZeusNode, the core of Zeus Network’s technical and economic framework, has now been integrated into Solana (SOL). Its main role is to bring Bitcoin (BTC) liquidity to Solana’s ecosystem of decentralized applications (dApps).
In another event yesterday, a supply chain attack briefly compromised Solana’s JavaScript SDK, “@solana/web3.js.” This SDK, widely used by dApps to connect with the Solana blockchain, was backdoored with malicious code. The attack targeted private keys, enabling wallet theft. This can create negative sentiment around SOL price. Solana is at an important juncture, and a breakout or breakdown can decide the coin’s future.
Ripple (XRP)Gains Favor Among South Korean Investors During Crisis
North Korea is facing an emergency, sparking protests from citizens demanding President Yoon Suk Yeol’s removal. Meanwhile, crypto traders are flocking to Ripple (XRP) instead of Bitcoin and other assets. Reports show that Ripple (XRP) trading volume on Upbit, Korea’s largest crypto exchange, has surged four times that of BTC in the past 24 hours. However, despite a global 63% rise over the last seven days, Ripple (XRP) in Korea has lost half its value due to a recent correction.
Related to the community, Ripple (XRP) has warned the crypto community about a rise in scams following XRP’s price surge. In a December 2 post on X (formerly Twitter), Ripple (XRP) reminded users that it never asks for XRP transfers. The company also emphasized that this policy applies to its executives, including CEO Brad Garlinghouse and CTO David Schwartz.
DTX Exchange (DTX) Prepares To Rank In Top 10 List
Although Solana and Ripple have performed very well, whales now embrace DTX Exchange to seek better investment opportunities. These whales are joining DTX Exchange because of its unique moat in the trading business. In the two months since its launch, it has registered over 320k traders around the globe.
DTX Exchange is a multi-asset unified trading platform that supports over 120,000 instruments in popular assets like ETFs, stocks, crypto, forex, etc. It is the first and only hybrid exchange about to launch its mainnet in January 2025.
Recent developments in the DTX Exchange have already ignited demand for the token presale. It has raised nearly $10 million in less than seven weeks of launch. The presale is expected to reach $20 million by the end of December. Undervalued price is another factor for robust demand, as the price will increase in the next stages.
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