The market is showing a variety of signs for different tokens, bullish momentum for some and bearish for others. BNB and Ripple (XRP) seem to be on the bearish end of the market, as their price predictions show weakness in the bullish potential.
But there’s the DTX Exchange (DTX) token for traders to recoup their losses in 2024. The token is strongly bullish, and it is receiving both analyst and investor support. Here’s why!
BNB price is losing bullish momentum
BNB has fallen out of its bullish momentum from September 2024 despite many traders assuming CZ’s release would keep the token in business. It’s still gathering momentum for the average daily gains, but the effort seems to be waning.
BNB was rejected at its $612 resistance as September rolled to an end, and the token has since slipped to lower support. Last Thursday, FXStreet reported that BNB could be stuck with the bears if the token closes below $548.
While BNB didn’t close business below $548 throughout the week, it hasn’t trended to the levels that would take it to bullish trends. The BNB price is currently stuck at about $569, some way off its resistance at $583.
XRP slows down as Ripple suffers even more SEC drawbacks
The XRP token has traded in a range for over two years since the SEC leveled charges of the sale of unregistered securities against the blockchain. The lawsuit has dragged on long enough, and many of the investors are fed up with the proceedings so far.
August 2024 came with some good news, as the legal battle seemed to be arriving at some resolution at last. The SEC looked to be conceding more than they bargained for, and Ripple Labs would only be paying $125 million in fines.
Apparently, that’s not enough for the commission. They filed an appeal against the XRP last week, restating Ripple’s status as an unregistered security and increasing the volatility on the XRP charts. XRP is worth $0.53, and the gains have been fluctuating since Thursday, October 3, 2024, with no noticeable bullish momentum in sight.
There’s a lot of volatility to deal with on the crypto charts; DTX Exchange is already looking very appealing to Binance and Ripple investors.
Expanding DeFi horizons: DTX Exchange’s innovative approach
DTX Exchange is a decentralized exchange platform offering traders a chance at bigger, better profits than the average DEX.
The platform features a truly diverse range of instruments, including equity products, foreign currencies, and regular crypto coins for trading.
Still, decentralized finance doesn’t end there for DTX. The platform has Real-World Assets trading as an integral part of the blockchain, where users can access real commodities like gold, real estate, and crude oil. Here, they trade them on a token-backed basis, owning units of such commodities and leveraging them accordingly.
There are also staking rewards for building the economic security of the DTX Exchange platform. For your staked assets, you draw some 18% APY as passive income.
DTX Exchange to dominate the ‘Uptober’ rally
The DTX token is selling at $0.06 now in Stage 3 of the presale, and the price will go up to $0.08 in Stage 4, giving investors a 33% ROI head start in ‘Uptober.”
The tokens come with a cumulative 100% presale ROI from here till launch day when its price goes up to $0.12. DTX could very well offer the most stable crypto profits for the year. With many top altcoins in reverse, DTX Exchange is tipped to run free in the DeFi space.
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