More Volatility to Flood Altcoin Market With Ripple and Arbitrum Support Under Threat

The crypto market is going through a high volatility phase, and in the coming time, with major events like the US presidential election, the VIX is going to increase.

The crypto market is experiencing high volatility, and several events, such as the upcoming US presidential election, are expected to further increase the VIX. Among the top cryptos, both Ripple (XRP) and Arbitrum (ARB) are facing high volatility.

Ranking 7th in the market, XRP has decreased by over 3% in the last seven days. In contrast, Arbitrum (ARB) has shown flat price action, decreasing by 0.53% over the previous week. Some projects, like DTX Exchange (DTX), are performing well in this high market volatility condition, doubling from its initial price of $0.02 to $0.04.

Chainlink (LINK) Price Analysis

Chainlink (LINK) recently announced a new integration with UnitusFi to enhance the reliability and security of its lending protocol across multiple blockchain networks using Chainlink (LINK) Price Feeds.

In another development, Chainlink (LINK) has fully implemented its product suite on Base, an Ethereum Layer 2 solution developed by Coinbase. This deployment includes essential tools like Data Streams and Verifiable Random Function (VRF), providing developers with powerful resources to build decentralized applications (dapps).

Despite these developments, Chainlink (LINK) has not been able to cross the $10 level and is consolidating under the supply zone of 5 August; a move in either direction will indicate the price direction of Chainlink (LINK).

Arbitrum (ARB) Approves Staking Proposal to Enhance Token Utility and Governance Security

The Arbitrum (ARB) DAO has completed its effort to enhance the ARB token’s utility and strengthen governance security. The proposal received overwhelming support from the Arbitرم (ARB) community with 91% approval from over 25,000 participants, concluding its on-chain voting on August 15.

Due to its strong ability to consolidate funds, Arbitرم (ARB) has become one of the most widely used layer-2 protocols. As Arbitرم (ARB) continues to hold its position as a leading Layer 2 solution on Ethereum, this update will be crucial for its future.

DTX Exchange: A Gateway to High Performance for Traders and Investors in the Digital Asset Markets

DTX Exchange is a new-generation trading platform that combines the strengths of both decentralized (DEX) and centralized exchanges (CEX) to create a secure, feature-rich trading platform that’s an excellent choice for those who value privacy and prefer to avoid intrusive KYC checks.

Traders can access over 120,000 different assets—including crypto, gold, and bonds—with leverage of up to 1000x. Unlike many other platforms, DTX lets you trade without revealing your identity.

As the crypto market continues to grow, DTX Exchange is paving the way for a new era of trading. According to analysts, DTX Exchange is set to lead the market in the next bull rally, making it a strong investment opportunity.

Learn more:

Buy Presale

Visit DTX Website

Join The DTX Community

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