A new project with strong fundamentals has emerged in the crypto arena, looking to rival renowned players like Cardano (ADA) and Ripple (XRP). While the XRP price is facing resistance at key levels and ADA is consolidating after the recent runup, DTX Exchange (DTX) has outpaced peers with 650% gains in the last two months.
In its ongoing presale, DTX raised $14.35 million at the end of the final round. However, due to extremely high demand, a bonus round is ongoing, so investors have the last opportunity to enter the presale. The race to reach $10 first is fierce, as each top crypto coin offers distinct advantages.
Ripple’s XRP Price Rises 9% On Weekly Charts
The XRP price has soared 4.53% in the past 24 hours and nearly 9% on the weekly chart. Some analysts attributed this rally to the impact of US President Donald Trump’s changes in the governance of the Securities and Exchange Commission (SEC) Chair. Ripple started the rebound after bottoming on 7 February, making a low of $2.26. Since then, it has rallied 13% to reach the current price of $2.57. The XRP price volume stands at $5.55 billion.
Courtesy: TradingView
However, Ripple’s XRP price is currently facing strong resistance at a 50-period moving average, indicating short-term price action. $2.60 and $2.80 are major supply zones that Ripple may face going forward. If the XRP price holds above $2.60, the chances of a breakout increase. If the price pushes past $3 and gains momentum above key moving averages, Ripple’s XRP price could target $3.50.
Cardano Rises on Grayscale ETF Move
Grayscale, a major asset management player, has filed for a spot ETF for Cardano (ADA), which pushed its price up by over 10% within hours. This move reflects Grayscale’s effort to bring ADA into mainstream investment products and expand its crypto ETF offerings. If approved, the Cardano ETF would join the firm’s portfolio, which already includes Bitcoin and Ethereum ETFs.
However, regulatory uncertainty looms. The SEC previously labeled ADA a security in its lawsuits against Coinbase, a claim the Cardano community strongly opposed. If the SEC maintains this stance, the ETF approval could face serious hurdles. Despite this, the Cardano Foundation sees the application as a sign of growing institutional interest in the network’s blockchain infrastructure, highlighting its scalability, security, and decentralized design.
DTX Exchange Bonus Round Sees Massive Demand
After successfully concluding the eight rounds of its token presale, DTX Exchange has witnessed huge demand for the bonus round. Experts highly appreciate the exchange’s innovative hybrid model, which merges the benefits of centralized and decentralized exchanges in a single place.
DTX Exchange aims to transform the $90 trillion global trading industry with its multi-asset trading approach. The platform offers over 120,000 asset classes, including crypto, stocks, ETFs, and commodities. This approach helps investors to ideally diversify over different markets and mitigate risk according to economic cycles.
The core success factor for DTX Exchange stems from its proprietary layer-1 VulcanX blockchain that powers various platform features. The DTX team has already conducted a testnet on the blockchain which resulted in an incredible speed of 200,000 transactions per second. This high transaction capability outpaces major blockchains like Cardano and Ripple by providing fast speed and low fees.
DTX token’s current price of $0.18 offers a lucrative opportunity to enter the project before its anticipated $0.20 listing. Experts projection of 70x shows that the price could surge to $12.78. The DTX platform represents an optimal solution for inefficiencies in traditional exchanges as it supports both institutions and large-scale asset transfers and meets their needs.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.