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Cryptocurrency News Articles
DTX Exchange (DTX) Prepares To List In Top 10 Altcoins
Nov 20, 2024 at 09:00 pm
Observing the growth trajectory of DTX Exchange (DTX), it seems that it won't take much time to list itself in the top 10 coins in the market.
Cryptocurrency XRP enjoyed a stellar performance last week, finally crossing the $1 threshold in a single move. From the beginning of the rally, XRP’s price has surged by over 100%. However, the price is still nearly 75% away from the previous all-time high (ATH).
Meanwhile, Solana (SOL) is ahead in the race, currently trading very close to the ATH. It is likely that SOL will beat XRP in the ATH race.
In the meantime, XRP and Solana whales are taking advantage of the recent rally and are diversifying into the DTX Exchange (DTX).
DTX is a new DeFi player that is expected to rise 20X by the end of 2024.
XRP Price In Consolidation Mode, $1.20 Important Resistance Level
After doubling in the first half of November, XRP faced some profit taking. On the hourly timeframe, XRP price formed a bull flag pattern, with a descending trendline acting as the resistance for the pattern.
Moreover, the $1.20 resistance zone coincides with the descending trendline, making it the primary barrier for XRP.
In the journey to ATH, $1.4 and $1.7 are the two major resistances ahead where XRP price might face selling pressure.
Despite the consolidation days, the relative strength index for XRP is trading above the 80 level, which indicates that XRP price might see selling pressure for a few more days.
Solana (SOL) Open Interest Surges To $5.64 Billion
Similar to XRP price, Solana (SOL) also faced some profit bookings in the last two sessions. Over the weekend, Solana (SOL) broke out from the tight flag pattern and surged by more than 10%; however, later it faced rejection from the $250 zone, which will further act as a local resistance.
Courtesy – TradingView
At the beginning of November, Solana’s open interest was $2.7 billion. But with increasing speculation about memecoins and the potential approval of a Solana (SOL) ETF, it surged by $2.88 billion, reaching $5.64 billion on November 18.
While Solana (SOL)’s price has risen by 47% since November, its open interest has grown by 96%.
DTX Exchange (DTX) Preparing To List In Top 10 Altcoins
Observing the growth trajectory of DTX Exchange (DTX), it seems that it won’t take much time to list itself in the top 10 coins in the market. According to experts, innovative projects like DTX Exchange will dominate the market in 2025. The unified platform, combining the features of centralized and decentralized exchanges, has brought DTX Exchange into the limelight.
DTX Exchange is a one-stop solution for traders looking to engage in highly active trading with diverse asset options. It offers trading in various assets, including stocks, cryptocurrencies, forex, commodities, and even digital assets like RWAs.
Another major selling point of DTX is the 1,000x leverage, which enables small traders to open larger positions.
DTX Exchange aims to lead the DeFi space with community features and user benefits. DTX users can benefit from the VIP rebate program, which will disburse up to 3% of revenue to eligible users. Additionally, it will offer a staking service for passive investment, allowing investors to earn up to 26% APY.
With vast demand in the presale, DTX Exchange is currently in the fifth phase, with a token priced at $0.10. The immense growth from the launch has put DTX on the radar of large investors, signaling the potential for massive growth in the coming days.
Learn more: Buy Presale Visit DTX Website Join The DTX Community
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