A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.
Meanwhile, a crypto ICO, DTX Exchange, has captured the attention of Ethereum and Ripple investors with its potential for 10x returns. The project’s ICO has been a success over the past month with more than $3.8 million raised from investors.
Ripple (XRP) Bull Run Will Never Happen, Says Analyst
Max Keiser, one of the most influential personalities supporting Bitcoin, has shared a bearish outlook for Ripple (XRP) supporters. He gave his opinion on X, saying that the ‘moon’ the community says is coming for Ripple XRP is ‘never going to happen.’ Keiser added a short clip to explain his view towards XRP supporters. The video showed a young bird struggling to gulp for the worm, which Keiser equated to Ripple coin investors waiting for a rally that he said would not come.
This forecast comes after the US SEC appeal on October 2nd caused the Ripple price to plummet. Presently, Ripple (XRP) is trading below the 50-SMA ($0.571413) and 200-SMA ($0.553889). Its 14-day RSI has dropped the 50 mark, showing high bearish control. Still, analysts are bullish about the altcoin and look forward to a recovery in the future.
Ethereum (ETH) Whales Move 107ETH To Exchanges
Ethereum (ETH) whales have been making some moves that have attracted a lot of attention within the crypto space recently. An on-chain analytics firm, CryptoQuant, reported that Ethereum (ETH) whales transferred approximately 107 ETH or $256.8 million to exchanges in the past day. This is a negative signal for Ethereum crypto: every time the exchange reserve rises, selling pressure emerges, resulting in a price fall.
At the moment, the Ethereum coin is trading below the 50-SMA ($2,541.36) and 200-SMA ($3,087.87), signaling strong bearish momentum. Bulls must cross the immediate resistance at the 50-SMA to begin a rally in the coming weeks. Failure to do so could lead to a downtrend. TheValueTrade forecast Ethereum price could surge to $4,871 in the coming weeks. Another analyst, Traderview2, says the value of the cryptocurrency might rise to $3,000.
DTX Exchange (DTX) Hybrid Exchange Presale To Reach New Levels
DTX Exchange (DTX) has been in the limelight for the past few months, thanks to its bullish presale. The project, which is in the third stage, has given early investors 200% returns on their investments. Analysts are also looking forward to another 10x rally before the year ends. That is not all. DTX Exchange plans to raise $5 million before the end of October. So far, the project has raised over $3.8 million.
In the future, analysts believe the hybrid exchange of DTX could be the turning point for the crypto trading space. DTX Exchange comes with low fees and provides traders with up to 1000x leverage for even more profits. One critical feature that will set DTX Exchange apart from other exchanges is it provides traders with an opportunity to trade in the OTC Derivatives market that is worth $714.7 trillion. Apart from crypto, using DTX, users can trade more than 120,000 financial instruments ranging from stocks to forex, indices, ETFs, and more.
Also, DTX Exchange aims to introduce fast execution, artificial intelligence tools, and other features to make trading easier and faster for its users. DTX Exchange has an easy-to-use trading process due to its simplified layout. This ensures that users can easily move between digital assets and trading pairs. Investors who want to be part of the DTX community can get the token at $0.06 before the price increases.
Ripple (XRP) and Ethereum (ETH) Investors Invest In DTX Exchange
With the bearish sentiment surrounding Ripple (XRP) And Ethereum (ETH), investors have diversified part of their portfolios to a more promising investment, DTX Exchange. Analysts expect the value of the DeFi coin to increase by 10x in the coming weeks.
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