There's a new crypto that's catching everyone's attention, Dtx Exchange (DTX) , an XRP alternative that's only $0.12 right now! With over 200,000 holders already and a big listing coming soon on Binance, this coin is quickly growing in popularity.
Investors are excited about its potential, and you might want to get in early before it becomes more well-known. In this article, we will discuss how this coin is different from XRP, why it's so popular, and what you need to know before jumping in.
XRP surges to become the fourth-largest cryptocurrency
The XRP token, which is linked to Ripple Labs, has risen to become the fourth-largest cryptocurrency in the world, based on its market cap. This happened after a long period of rising prices, starting with President-elect Donald Trump’s victory in November and the growing belief that the U.S. Securities and Exchange Commission (SEC) might drop its legal case against Ripple Labs.
On Monday, the price of XRP reached a more than 21% increase in just 24 hours and nearly a 50% rise compared to last week. Since Trump’s election win, XRP’s market value has grown from about $30 billion to $131 billion.
Over the weekend, XRP’s market cap crossed $100 billion for the first time since 2018, making it the fourth-largest cryptocurrency, surpassing Solana’s SOL. At one point, XRP even briefly overtook Tether’s USDT stablecoin in market value. However, it later settled just below it.
Bitcoin, the biggest cryptocurrency, has been valued at around $100,000 this past week, with a market cap of nearly $1.89 trillion. Ethereum’s Ether token follows with a market cap of $436 billion.
What’s behind the surge in XRP’s price?
While XRP’s price has been steadily climbing since Trump’s election, the big jump over the weekend happened after Fox Business reported that the New York Department of Financial Services might soon approve Ripple Labs' new RLUSD stablecoin. This stablecoin could be launched as early as December 4, which excited many investors and led to the price spike.
Ripple Labs, the company behind XRP, was sued by the SEC in 2020. The SEC claimed that Ripple was selling XRP tokens as a security without registering them. In July of the previous year, a federal judge ruled that Ripple had not broken the law by selling XRP on public exchanges. However, in October, the SEC appealed this decision, which is still pending.
The price surge happened partly because people believe that the new government, led by Trump and his crypto-friendly policies, could bring an end to the SEC’s case. Former CFTC Chairman Chris Giancarlo, who is a leading candidate to become the "Crypto Czar" in Trump’s administration, said that the SEC should drop its case against Ripple.
DTX Exchange: A fast-growing crypto altcoin
DTX Exchange (DTX) has been getting a lot of attention in the crypto market because of its amazing presale performance. So far, the price of DTX has jumped by 500%, and the presale is still in phase six, which means the price could go even higher. Recently, DTX was listed on CoinMarketCap, which has helped it reach millions of new investors.
The DTX token will be the main currency used on the DTX Exchange, a new platform that combines the best features of both centralized exchanges (CEX) and decentralized exchanges (DEX).
Right now, one DTX token is worth just $0.12. However, when phase seven of the presale starts, the price is expected to rise to $0.14. And after DTX is listed on a big exchange, the price could reach $0.20. This would mean a 100% return for anyone who buys now.
Because of these exciting features, many investors have jumped in to buy DTX during its presale, pushing the total funds raised above $9.1 million. With such a low entry price and big potential for growth, experts believe DTX could be one of the best new cryptocurrencies to invest in.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
