DTX Exchange (DTX): Novelty and Upside Potential Drive Whale Activity

DTX Exchange (DTX) is a novel altcoin at the crossroads between traditional finance and DeFi. It will power an exchange protocol that allows the trading of over 120

As Bitcoin (BTC) approached its all-time high once more, touching $73,000, the crypto market exploded with energy. Leading the altcoin charge was Dogecoin (DOGE), exploding over 30% on the weekly charts. At the same time, Ripple’s (XRP) underwhelming run continued as it encountered regulatory hurdles.

Meanwhile, a new favorite emerged among whales with DTX Exchange (DTX), a novel exchange-based token that will power a hybrid trading platform with elements of both CEX and DEX. Its remarkable performance in the ICO world, soaring past $6.2 million in funding, has captured investor attention.

Here's a closer look at the top stories of the week:

1. DTX Exchange (DTX): Novelty and Upside Potential Drive Whale Activity

DTX Exchange (DTX) is a new altcoin that combines traditional finance and DeFi. It will power an exchange protocol that allows the trading of over 120,000 asset classes across stocks, bonds, ETFs and cryptocurrencies. The trading platform will also combine elements of both centralized and decentralized exchanges for the first time.

Given the above, it is not surprising that the presale crossed $6.2 million in fundraising. Its novelty - a one-stop platform for trading diverse asset classes - has piqued the interest of several whales. Moreover, it will integrate features like wallet-based trading and non-custodial storage solutions, primed to reshape the $10 billion global trading scene.

The ICO is still ongoing, currently in the fourth round. Hailed as this quarter’s best presale, a token is ridiculously valued at $0.08, brimming with potential. It is tipped for a 55x upswing after its debut, having been pre-listed on CoinMarketCap. This new DeFi project is set to outpace top crypto coins like Dogecoin (DOGE) and Ripple (XRP).

2. Dogecoin (DOGE): Is 30% Uptick the Start of the Run to $1?

Dogecoin (DOGE), the first meme token, led the narrative as it began in 2013 but exploded in popularity in 2021. Since then, it has become one of the top altcoins - a top 10 cryptocurrency by market size.

As Bitcoin (BTC) skyrocketed, so did the value of Dogecoin (DOGE). The Dogecoin price surged over 30% in the past 7 days, retailing at above $0.17. Leading as one of this week’s top gainers, this might be the start of DOGE’s bull run, placing it on the list of altcoins to watch.

With more room for growth, a Dogecoin price prediction suggests a new peak before the year’s end - soaring past its 2021 all-time high of $0.73. A bullish forecast hints at a rally above $1, positioning it among the best cryptos to invest in.

3. Ripple (XRP): Regulatory Uncertainty Affects Growth

While the rest of the market traded upwards, Ripple (XRP) was largely underwhelming. The payment protocol encountered regulatory hurdles, with its four-year-long legal sparring with the US SEC yet to end.

The legal standoff is expected to continue well into 2025, sparking concerns within the community. Unsurprisingly, it was mostly unmoved despite the wider market rally. The XRP price swung low, hovering above $0.52. With fear of further decline thick in the air, new investors were mostly looking beyond Ripple (XRP).

Nevertheless, considering Q4’s bullish outlook, we might see more positive price actions in the Ripple (XRP) price. It could reach $1 before the year’s end, to be propelled by an overall market upswing. For the long term, XRP is among the best cryptos to buy.

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