DTX exchange (DTX): whales new favorite
“Uptober” drags Bitcoin (BTC) below $60,000 following the latest inflation data. It's worse for Ripple (XRP): The SEC recently filed an order to appeal the court's final decision. Meanwhile, market demand on DTX Exchange (DTX), a new hybrid exchange platform, remains unchanged, with Solana (SOL) whales pouring in.
This new blockchain-based project stands at the crossroads between TradFi and DeFi, combining the best features of centralized and decentralized exchanges. In addition to its novelty, DTX's significant reversal potential also drives high interest and demand.
DTX exchange (DTX): whales new favorite
DTX Exchange (DTX) is red hot despite the cautious sentiment in the broader crypto market. It surpassed $4.1 million in funding following strong demand from Solana (SOL) whales, sparking talk of being the best presale of Q4.
Unsurprisingly, the amazing reversibility is one of its biggest attractions. As an emerging cryptocurrency, it has a lot of room for growth. Moreover, it offers a low entry of $0.08 in the 4th round: a budget-friendly coin. With an estimated 65x rally after listing, it is one of the best cryptos to invest in, surpassing top crypto coins like Ripple (XRP).
Furthermore, the narrative is one of the most depraved: a hybrid exchange platform. Unlike traditional exchange protocols, it combines the best elements of centralized and decentralized exchanges, particularly the wallet-based trading of CEX and DEX, and an intuitive user experience of depositless storage. As it prepares to enter the $10 billion global business market, it's a new DeFi project to watch out for.
Ripple (XRP): The SEC drama continues
Ripple (XRP), a payment-based digital asset and top-10 currency, is one of the most popular names in the crypto space. It supports cross-border payments, which has been a growth driver since its inception. However, his legal tussle with the US SEC has made headlines rather than positive price action.
The boom began in 2020 after the regulator Ripple (XRP) allegedly violated securities laws by selling XRP tokens to investors. After much back-and-forth, Judge Analisa Torres' final ruling in August was a $125 million fine — a fraction of the SEC's $2 billion claim.
While many thought this four-year legal battle would be over, the SEC's appeal took a turn that surprised many. As expected, the price of XRP plummeted – dropping significantly from $0.66 to $0.53. However, the XRP price forecast hints at a comeback and many hope that it is a good crypto to buy at the current price.
Solana (SOL): The price of US inflation data decreased
Solana (SOL), the DeFi giant, is one of the biggest players in the crypto landscape. It facilitates the creation of fresh, decentralized applications (dApps) on the heels of Ethereum and hosts other cryptocurrencies. It also contributed to the emergence of Solana memecoins, one of the biggest highlights of the year.
The last big jump was driven by the high demand for memecoins. At the March peak, Solana (SOL) hit a one-year high of $200, outperforming most top altcoins. However, after several market downturns and interest in memes waned.
Solana prices retested $138 following newly released inflation data, up 2.4 percent. While the initial reaction was one of dismay, the reverse was expected. It is set to continue its rise and will break the $150 resistance next in the list – one of the expected altcoins.
Summary
As the legal battle between Ripple (XRP) and the SEC continues, Solana (SOL) whales are doubling down on DTX Exchange (DTX). This new player at the intersection of DX and CX is the latest investor favorite, crossing $4 million in pre-sales earlier this week. When it's set to launch, it's a promising wave not to be missed.
Learn more:
Buy Presale
Visit the DTX website
Join the DTX community
