DTX Exchange (DTX): The Next Big Thing in DeFi?

Following the last market downturn, prices have resumed their climb, boosting confidence and sentiment. Ripple (XRP), one of the top altcoins, eyes a breakout

As prices continue to climb following the last market downturn, Ripple (XRP), one of the top altcoins, is eyeing a breakout. Meanwhile, Kaspa (KAS) is also charging upward, but a key resistance level has been identified.

In other news, DTX Exchange (DTX) is emerging as a new force in the crypto scene. Being the first unified hybrid blockchain to integrate conventional financial instruments and Web3 products, it has attracted over $2.5 million in the ongoing presale.

With over 35% of the tokens rapidly sold out at $0.06 in the third round of the presale, it is quickly becoming one of the most sought-after ICOs. Its upside potential is undeniable, with some predicting a 95x upswing after its debut.

This new DeFi project is certainly one to watch out for. But there's more to DTX than just the gains. It also has the potential to transform the $10 billion global trading market.

Combining key elements of CEX and DEX, DTX will create a hybrid trading platform and build a one-stop platform that meets all traders’ needs, especially in trading diverse assets.

Hit Hard by SEC Case, XRP Price Might Breakout Above Yearly Top of $0.7

Being a payment-based cryptocurrency, Ripple (XRP) had a dull year in terms of price action. To be fair, it had regulatory obstacles hindering its growth—the SEC’s case. But with a final judgment given (hopefully the regulator doesn’t appeal), we might see a stronger price action.

On the yearly chart, the XRP price only recorded an 8% jump. In shorter timeframes, XRP is down by 2% on the monthly chart and has tumbled over 3% on the weekly chart. Given the above, holders’ concerns are valid.

But zooming out on the monthly timeframe, XRP eyes a breakout above $0.7, the yearly top, while it consolidates between $0.54 and $0.62. However, this XRP price prediction has a higher chance of playing out if BTC breaks out above $60,000.

Rising Above $0.18 Will Push Kaspa Coin Closer to ATH of $0.2

In contrast to XRP, Kaspa (KAS) is one of the year’s biggest gainers. It has put on a good show, up by 300% on the yearly chart and going on several price discoveries.

Early last month, specifically on August 1st, the Kaspa price hit another all-time high (ATH): $0.2. Despite market turbulence, it maintains bullish traction, gaining 6% on the weekly chart.

As another big leap unfolds, currently retailing at $0.16 after a slight pullback, a top analyst noted that rising above this level will push the Kaspa coin closer to the ATH of $0.2. But the week closing below $0.15 might spell doom.

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