With the anticipated relaxation of crypto regulations in the US, the market has entered the bull phase, with altcoins performing exceptionally well. Ripple (XRP) is one of the altcoins that has benefitted from the presidential elections; it has regained strength in the market and is currently positioned in fourth place.
However, Ripple (XRP) is a large-cap crypto, and replicating the same growth with momentum is difficult. Expert investors are now pouring money into the DTX Exchange (DTX) to capitalize on the bull market, as it can potentially replicate XRP’s gains. We’ll see what factors make the DTX Exchange a better investment opportunity than Ripple.
Ripple (XRP) Gets the Go-Ahead from NYDFS for RLUSD
Ripple (XRP) CEO Brad Garlinghouse announced on Tuesday that the company received approval from the New York Department of Financial Services (NYDFS) to launch its stablecoin, RLUSD. This comes after Ripple’s long legal battle with the SEC, which has helped the company thrive in the final months of 2024. RLUSD is currently beta testing on the Ethereum network and XRP Ledger (XRPL), with a circulating supply of $52 million.
Ripple (XRP) first introduced RLUSD in April and began beta testing on the XRP Ledger and Ethereum blockchains in August. The stablecoin market is worth nearly $200 billion and is expected to grow significantly in the coming years. Ripple (XRP) plans to use RLUSD to boost its presence in global payments and help bridge traditional financial assets to blockchain networks.
Courtesy: TradingView
After RLUSD's approval, XRP formed an immediate reversal on the charts, pushing the price above $2.30. It has formed a bullish hammer candle showing buying from the demand area. Currently, Ripple (XRP) is trading above its multiyear high of $2, and with this news, bulls can again take over, forming a reversal pattern on the charts.
DTX Exchange Storms Up With $10 Million Presale Milestone
Major cryptocurrencies like Ripple (XRP) have faced bearish pressure due to market volatility; however, even in this slump, DTX Exchange (DTX) has continued its momentum, reaching the $10 million mark in its token presale. This unique trading platform has expanded its user base to 730K, quickly improving its ecosystem with the rapid developments.
DTX’s robust infrastructure, which provides users with an ideal DeFi platform, has contributed to its success. DTX Exchange is known for pioneering capabilities in the hybrid exchange space, which allows users to gain exposure to CEX and DEX in a single unified platform.
Trading features like multi-asset trading, 1,000x leverage, and AI automation are the exchange's highlights and main attractions for experienced traders. DTX Exchange is fully prepared to outperform its competitors with a revolutionary trading stance.
Discounted Price and Community Focus Fuel Rising Demand on DTX Exchange
Community is one of the core foundations of any crypto project, and DTX Exchange provides various features for community members. With the VIP Rebate program, DTX community members can generate passive income. Also, with the staking features, token holders can earn up to 36% APY, which is well above industry standards.
Another major reason for increased demand in the presale is the undervalued DTX tokens available at $0.12. Token holders will get additional perks like reduced trading fees and priority access to DTX airdrops. According to experts, DTX can rise to $24 in 2025, allowing 200X gains. If an investor puts $100 in the presale at current levels, this investment could be worth $20,100 when the token hits the target.
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