The climate of the crypto market is always changing. Currently, whales are looking at new crypto currencies that could become disruptors. While widely accepted coins like Tron (TRX) and Ripple (XRP) are stagnating, a new player is becoming just that. The name is DTX Exchange (DTX), and many whales are saying this altcoin may bring 4x the returns this year.
SunPump Partners Up With APENFT, Tron (TRX) Price Unresponsive
Recently, SunPump announced that it has partnered with APENFT. Thanks to this collaboration, NFT Pump, a new launch platform for NFT collections, is now live on the Tron (TRX) network.
However, the price of Tron has not been rising as expected. It has fallen by nearly 2% on the monthly charts. Currently, the Tron coin is stuck trading around the $0.15 level. Nevertheless, sentiment for this altcoin is optimistic.
Firstly, there have been some weekly gains with around 2% growth in the past seven days. Also, the Tron crypto trades above the 20-EMA ($0.1518) and 200-EMA ($0.1325). Not only that, crypto analyst Sjuul is also optimistic about Tron’s future. He foresees a rise to $0.65 in his Tron price prediction.
Ripple (XRP) Sees Slight Growth As News of SEC Appeal Emerge
The native token of Ripple (XRP) has seen some growth recently. CoinMarketCap shows that the XRP price jumped nearly 10% on the weekly chart. During that time, the XRP market cap also jumped from $31B to $36B. This increase came as Fox Business journalist Eleanor Terret revealed that the SEC may potentially appeal Judge Torres’s July 2023 ruling.
Many people expected this XRP news to cause a big downturn for this coin. But, it had the opposite effect as the XRP coin price surged. This altcoin is trading above the 100-EMA ($0.56) and 200-EMA ($0.55).
Even market analyst CryptoTank thinks a $1,000 XRP coin value may not be a fantasy. In his X post, he says that people are underestimating the impact of the utility of this altcoin. Tank predicts that this utility will drive the price of XRP to unbelievable levels.
DTX Exchange (DTX) Seen as a Promising Alternative
DTX Exchange (DTX) is quickly making a name among crypto whales. This is because of the change that this DeFi project will bring. It will launch a hybrid trading platform that stands out from all other centralized or decentralized exchanges. For instance, while most only focus on 1-2 financial instruments, DTX Exchange will boast over 120K asset classes.
In other words, people from all over the world can access multiple thriving financial markets in one place. These will include CFDs, stocks, bonds, crypto, FX, etc. Just one of these markets, the stock one, was valued at $124T in 2024 by Statista. With this access, all traders could see big returns.
Also, no sign-up KYC checks will make DTX Exchange a potential fan-favorite for millions of privacy-conscious traders. All these features have made interest in the DTX Exchange presale rise. This new ICO has already raised over $3.3M and may even hit $4M before the end of this month. In the third presale phase, the native token of DTX Exchange, DTX costs $0.06. But, analysts are predicting a potential 4x rise is coming.
What the Future May Hold for Tron (TRX), Ripple (XRP) and DTX Exchange (DTX)
Despite their recent exciting news, Tron (TRX) and Ripple (XRP) are currently in limbo. Their prices have not gone up as expected, and whales are looking at DTX Exchange (DTX) as a suitable alternative. Experts are projecting a 4x surge may come for DTX after a Tier-1 CEX lists it in Q3 of 2024. This prediction makes it the best new crypto to invest in.
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