Altcoins are gaining attention as the cryptocurrency market regains momentum. Newcomer DTX Exchange (DTX) has been generating excitement as its presales have reached the $10.2 million mark and launch is getting closer. The DTX token presale saw $1.4 million flow from various crypto communities, including those supporting PEPE and Ripple.
According to experts, the DTX exchange could soon surpass the previous gains of XRP and PEPE as it prepares to launch on various exchanges such as Binance, Uniswap and Bybit.
Ripple’s RLUSD adds excitement as XRP price consolidates
On December 11, Ripple CEO Brad Garlinghouse announced that RLUSD had received final approval from the New York Department of Financial Services. Ripple Chief Technology Officer David Schwartz mentioned that Ripple’s US dollar-pegged stablecoin may face “supply constraints” in its early days. He also warned investors not to give in to “FOMO.”
Although RLUSD is designed to maintain 1:1 parity with the US dollar, Schwartz expects significant volatility shortly after its launch, caused by several large token orders.
Meanwhile, the SEC has until January 15 to file its notice of appeal in the Ripple case. If Crenshaw is reappointed, three Democratic votes could support the motion. This development could put selling pressure on XRP. However, many investors remain hopeful that the SEC will eventually abandon its appeal. In this case, the agency could greenlight pending XRP spot ETF applications, which would likely boost XRP demand.
PEPE chart forms volatility contraction pattern
After bottoming out on November 3rd, PEPE performed remarkably well, rising 250% before peaking last Monday. In recent sessions, the technical analysis signal has been mixed as bulls and bears battle to take over. On the daily charts, PEPE saw a drop in volume; Generally, this signals the development of price volume before the breakout.
PEPE’s relative strength index (RSI) is currently at 55, demonstrating the neutrality of the price. The MACD slopes are trending downwards, meaning a further correction in the PEPE price. If the bulls push above $0.000026, a new all-time high could be formed.
DTX Exchange (DTX): Game-changer trading platform
Ripple and PEPE are established names and large cap coins, which limits their upside potential. DTX Exchange (DTX), a Layer 1 hybrid blockchain, is still in its early stages and is perfectly positioned to outperform major altcoins. This exchange is the first to combine the advantages of CEX and DEX in its trading platform. With its unique hybrid infrastructure, DTX Exchange aims to lead the trillion-dollar trading industry.
DTX’s unified platform allows investors to access over 120,000 asset classes including stocks, crypto, commodities and more. This platform also offers the opportunity to multiply profits with 1,000x leverage without having to go through hectic KYC procedures for trading on the platform as it is a KYC-free platform.
The DTX ecosystem also takes a community-focused approach that benefits retailers. The VIP discount program allows community members to generate passive income and earn from the exchange’s earnings. Before launch, the DTX exchange had over 350,000 members, demonstrating the high demand from users for the platform.
Currently, DTX has already raised over $10.2 million in Phase 6. One of the veteran crypto analysts known for his bold predictions has predicted that DTX will cross the $5 mark once it gets listed on Tier 1 exchanges. This is a huge opportunity at the current discounted price of $0.12, which is 4,066%. With this forecast, $200 invested at current levels could be worth $8,332 by the time the target is reached.
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