by Muhammad Ali
Ripple has finally emerged from the correction due to the SEC case. After 2021, this is the first time the XRP price has gained traction, clearing the near resistances. However, Ripple’s rival, DTX Exchange, is already ahead with a 400% price increase. With the rapid scale of innovations, DTX Exchange has successfully completed the fourth presale phase and reached the milestone of $8 million.
Price action analysts expect DTX Exchange to exceed Ripple’s market cap in early 2025, becoming one of the highest gainers.
Ripple (XRP) Price Continuously Grows, Token Burn Announcement And RLUSD Approval
Ripple (XRP) is trading at its highest levels in three years, fueled by optimism about potential political shifts in the U.S. crypto market. Rumors around the Ripple CEO have also given a push with the recent US elections. In the last 30 days, XRP price has increased over 100%, reaching above the $1 psychological resistance level. Although the XRP price dropped 14% from a peak of $1.26, it remained strong and regained its levels.
Additionally, Ripple recently burned about 53 million RLUSD in several transactions across two blockchain platforms — XRP Ledger and Ethereum. The stablecoin, set to launch on both blockchains, saw its first burn of 40.17 million RLUSD on the XRPL platform. A second burn of 14 million RLUSD followed on Ethereum.
Ripple announced in October that RLUSD is “operationally ready,” but it still needs approval from the New York Department of Financial Services to launch officially. With changing regulations, the company seems to be preparing to meet compliance requirements—a promising sign for the crypto community eagerly waiting for its launch.
Phoenix Wallet Launch Takes DTX Exchange (DTX) To New Highs
Last week, DTX Exchange launched the Phoenix Wallet, the first multi-asset wallet rated 10 out of 10 for security. This launch quickly became viral, resulting in high demand for DTX token presale. Within 48 hours of the launch, the fourth stage of the DTX presale sold out, and till now, investors have maintained the same demand.
Phoenix Wallet is the innovation of the DTX ecosystem, providing users with different purposes and benefits. With this wallet, DTX platform users can send and receive cryptocurrency in one tap without going through any hectic KYC procedure. Developers have made this wallet’s interface very simple, making it easy to navigate for beginners, too. Another added benefit of this wallet is that users can borrow cryptocurrency at a very low rate, under 6%, the lowest in the industry.
Phoenix Wallet is just one part of the DTX ecosystem; DTX’s most popular innovation is its multi-asset trading platform. In stock brokers, users can only trade stocks, while in crypto exchanges like Binance, they can only trade cryptocurrencies; however, in DTX Exchange’s hybrid platform, users can trade over 120k instruments in assets such as crypto, stocks, commodities, NFTs, etc.
DTX Exchange is a pioneer in hybrid space and will lead the industry with the first-mover advantage. DTX is a unique investment option designed for altcoins, offering a chance to support a promising project to tackle major challenges in traditional and digital finance.
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#blockchain #crypto, #decentralized, #distributed, #ledger