Recent developments in the cryptocurrency market have been exciting, with The Polygon (MATIC) transformation and constructive price action around Ripple (XRP). The most discussed currently is the testnet launch of the hybrid platform DTX Exchange (DTX). This testnet launch is a testimonial of the DTX platform’s future growth and sustainability.
Ripple (XRP) and Poygon (MATIC) are established large caps names that make the upside capped for these coins, while DTX Exchange is a small-cap coin with higher potential than top altcoins in the market.
Ripple (XRP) Taking Support From The $0.55 Level
Ripple (XRP) is consolidating after the 50% move in mid-July, and the price is trading in the zone. During this consolidation phase, Ripple (XRP) has taken support thrice from the $0.55 level and is again trying to push off from the same level. 50- and 200-period moving averages also hover neatly at the low price of the ripple.
This support in Ripple (XRP) is crucial because it is at the lower end of the zone. If it breaks below this support level, we might see a new 52-week low formation in Ripple (XRP). Ripple (XRP) is currently positioned at the #7th rank with a market cap of $32 billion.
Polygon (MATIC) Fails To Hold Sharp Fall Observed
Polygon (MATIC) will soon be transferred from MATIC to POL, enhancing the stability and security of the blockchain. Despite this development, Polygon (MATIC) has been performing very weakly, falling over 20% in the last three days. In the last 24 hours, Polygon (MATIC) has dropped 10.3%, taking its market cap to $4 billion.
In Polygon (MATIC), trading volume has increased by 30%, indicating that volatility has increased in the downfall. It tried to recover sharply from the bottom; however, bears took charge around $0.58 high, taking the Polygon (MATIC) price to the current level of $0.46.
Institutional Investors Having Highest Allocation In DTX Exchange (DTX)
DTX Exchange has become the favorite of all the market movers, including whales, institutional investors, and HNIs. In the last two days, a $350k inflow has been seen in the presale at the end of the second phase. Demand was so huge in the second phase that the presale has already raised near to $2 million in just two months. The current presale price is $0.06, and the launch price is expected to be $0.3.
The innovative hybrid platform of DTX Exchange has gained traction with its 1000x leverage feature and advanced trading solutions, including distributive liquidity pools and multi-tier accounts.
DTX Exchange stands out with its scalable, AI-driven platform that taps into various financial markets, seamlessly merging trading across cryptocurrencies, stocks, equities, forex, and CFDs. Its hybrid model enhances these cutting-edge features, allowing traders to enjoy a sleek, modern interface in the next-gen DTX marketplace.
The platform’s non-custodial wallets are designed to be user-friendly, giving users complete control over their digital assets and private keys, which significantly reduces the risk of security breaches. With security protocols enabling reliable, lightning-fast transactions in less than 0.04 seconds, DTX Exchange has positioned itself as a leader, even before its Binance listing.
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