The crypto market took another downturn this week as prices plunged, with sentiment turning more cautious. Solana (SOL) briefly fell below $180, sparking concerns. However, Ripple (XRP), one of the best performers this year and in Q4 2024, showed impressive resilience by maintaining the $2.4 support.
At the same time, DTX Exchange (DTX), an up-and-coming cryptocurrency, maintains a bullish course as presale sells out fast. It approaches the $12 million fundraising milestone and behind the rising interest are its staggering growth prospects and intriguing blend of DeFi and TradFi.
DTX Exchange (DTX): Defying Prevailing Bearish Pressure
DTX Exchange (DTX), an up-and-coming cryptocurrency, defies prevailing bearish pressure by skyrocketing. The growing demand can be partly linked to its value proposition as a cushion against market shocks and turbulence—a presale token. At the same time, its upside potential is astounding, hailed by experts as one of the best new cryptos to invest in.
Besides skyrocketing over 500% over the past few months, a 55x upswing is projected after listing on Tier-1 exchanges. Meanwhile, a token costs just $0.14 in the seventh round of the ICO, presenting a good entry and sparking a buying frenzy—over $11.7 million has been raised in early funding.
At the same time, its unique hybrid trading platform—a blend of the best elements of CEX and DEX—drives demand. Its novel approach to trading will combine features like wallet-based trading, non-custodial storage solutions and an intuitive and user-friendly interface, primed to reshape the $10 billion global trading market. With adoption imminent, it has been tipped as a strong contender against top crypto coins like Solana (SOL) and Ripple (XRP).
Solana (SOL): Is a Bounce Close?
Solana (SOL), one of the top 10 cryptocurrencies, was among the altcoins hit the hardest as selling pressure went off the roof. It fell below $180, although there has been a slight rise in momentum.
Whunder_eth, a top analyst, highlighted the daily RSI entering oversold territory and a bounce might potentially push the Solana price toward $195 and $200. However, they mentioned a retest of $165 and $150 if $175 breaks. Meanwhile, joehumblefarmer, more optimistic, believes Solana (SOL) is primed to hit $230 in the coming weeks.
Key technical indicators like the altcoin price trading above the 200-EMA ($179) and 200-SMA suggest a bullish reversal—an altcoin to watch. However, despite the potential comeback or the anticipated upside, it has limited room for growth compared to new altcoins like DTX Exchange (DTX).
Ripple (XRP): Oblivious to Bearish Trends
Ripple (XRP), showing remarkable resilience, has been one of this week’s highlights. Amid the bloodbath, it maintained the $2.4 support and has since risen past $2.5—a 4% increase on the weekly chart. Its next leg up might see it cross $2.72, its month high, placing it among the top cryptos to invest in.
Moreover, the XRP price trading above the 10-EMA ($2.41) and 10-SMA ($2.40) are bullish signals. xEnoial, a top analyst on X, sees Ripple (XRP) trading between $4 and $8 on January 20 during Trump’s inauguration. They also see the altcoin crossing $10 to $34 by March.
Startupily, another leading expert, shares a similar sentiment, predicting a run to $20 by March, positioning it among the best altcoins. However, as the second-largest altcoin—excluding stablecoins—its upside potential is limited, making DTX a more compelling alternative as a new crypto.
DTX Exchange (DTX): More Room to Run Than Solana (SOL) and Ripple (XRP)
Savvy investors opting for DTX Exchange (DTX) ahead of Solana (SOL) and Ripple (XRP) can be linked to its upside potential as a low-cap DeFi gem. It has plenty of room to run, not to mention its imminent adoption in the global trading landscape. Its unique hybrid trading platform aims to transform the trading industry, making it a new DeFi project worth betting on.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
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