As a full-blown bull run approaches, the altcoin list is set to be rearranged—underperforming cryptocurrencies will be replaced with more solid ones. Given the poor performance of Ripple (XRP), not to mention its ongoing legal tussle with the US SEC, its outlook is largely bearish.
Tipped to take its spot is this new blockchain-based project at the crossroads between TradFi and DeFi, DTX Exchange (DTX). This new player is on course to transform the global trading scene and is a top pick ahead of Cardano (ADA) by industry experts.
DTX Exchange (DTX): On Track to Outperform Top Altcoins
DTX Exchange (DTX) is in the spotlight for good reasons, preparing to shake up the crypto world. Its novelty as a hybrid exchange platform sets the stage for massive growth, also capturing experts’ attention. Investors aren’t on the sidelines either, as they massively participate in the ongoing presale.
Over $4.8 million has been raised in the ICO, suggesting trust. A token is also heavily discounted in the fourth round of the presale, priced at $0.08. This low entry also drives demand, as is its staggering upside potential. Tipped for a 7,500% gain after its much-anticipated debut, it is on track to outperform Cardano (ADA) and overtake Ripple (XRP).
Equally important is its impending transformation of the $10 billion global trading market. It will combine the best elements of decentralized and centralized exchanges, addressing key challenges like inaccessibility to markets and financial exclusion. Further, its hybrid Layer-1 blockchain will bridge the gap between TradFi and DeFi, allowing the trading of over 120,000 asset classes.
Ripple (XRP): Underwhelming Performance Predicted to Continue
Ripple (XRP) has been the most underwhelming of the top altcoins. Its poor performance can be linked to its regulatory uncertainty—a four-year-long legal battle with the US SEC. It is worth mentioning that in 2020, the Wall Street top guy accused the fintech company of unregistered sales of securities.
With much back and forths, Judge Analisa Torres gave a final verdict in August this year—a $125 million fine for sales of Ripple (XRP) to institutional investors. However, this was a fraction of the SEC’s almost $2 billion claim. While initial thoughts pointed to the regulator accepting the judgment, it filed for an appeal earlier this month.
Unsurprisingly, the XRP price tumbled in reaction to this development. Have we seen the worst? A popular XRP price prediction suggests further downtrends. This means it might be unable to catch up with other altcoins during the upcoming bull run, dragging it down the crypto standings.
Cardano (ADA): Preparing to Flip its March High
Cardano (ADA), a top 15 cryptocurrency, is a leading and solid altcoin. It functions as a blockchain platform for decentralized applications (dApps). This makes it a favorite among institutional investors and its leading status is also one of its many attractions.
Following the recent market bounce, the Cardano (ADA) price experienced a slight uptick. In the past 7 days, a 2% gain is evident. Meanwhile, on the daily charts, it soared by over 5%, changing hands above $0.36.
Further gains are on the cards, as is a jump in confidence and interest. A Cardano price prediction is optimistic about a monthly close above $0.5. Flipping this level will push it close to its March high of $0.77, placing it on the list of the best cryptos to invest in.
Conclusion
DTX Exchange (DTX), a hybrid exchange protocol, is a top pick by experts to overtake Ripple (XRP) over Cardano (ADA). Its one-stop platform will allow the trading of thousands of assets while guaranteeing financial inclusion and accessibility to markets and assets.
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