The XRP price gave a remarkable return in 2017, surging from $0.0072 to the All-Time High (ATH) at $3.84. Many investors who held Ripple (XRP) that year made over 50,000% returns with this historic rally. Analysts have discovered a new altcoin that can mirror this enormous growth in this year’s bull cycle.
This new player is the rising utility token DTX Exchange, which has already raised over $14.8 million and provided up to 800% returns to those who invested early in the presale. After its listing next month, analysts suggest DTX can quickly rise to the top 50 altcoins by market cap.
Let’s understand why analysts forecast DTX to undergo a similar growth to Ripple in its early days and how to capture the most returns with this emerging altcoin.
Is The XRP Price On The Cusp Of A Trend Reversal?
After a massive 400% surge during the November rally, Ripple lost upward momentum and started consolidating. The XRP price made a pennant pattern and reached a high of $3.4 last month. Ripple faced resistance in this region and again entered a consolidation pattern. As demand declined, the XRP price plunged to the $2.26 support.
Ripple surged from this support but plunged again due to resistance at $2.83. In the last 24 hours, the XRP price has declined 1.20% and trades at $2.67 with a 31% decrease in volume. Due to extended correction over the past month, Ripple trades below its 50-day Simple Moving Average (SMA). It is currently facing rejection from a declining resistance trendline.
Source: CoinMarketCap
The XRP price is in the neutral zone at press time with a Relative Strength Index (RSI) of 50. The MACD oscillator indicates an increasing bullish sentiment, which means Ripple may break out from the trendline and continue to surge again.
DTX Exchange: Comprehensive Multi-Asset Platform
DTX Exchange is the first hybrid trading hub where users can access traditional and Web3 assets under the same roof. This platform combines the best elements of centralized and decentralized exchanges and provides users with the benefits of both worlds.
It offers over 120,000 financial instruments, including stocks, bonds, crypto, forex, etc., and gives users up to 1000x leverage on their positions. Thus, users can invest in all types of assets and manage their entire financial portfolio from a single platform.
DTX Exchange promotes financial inclusion and aims to improve the accessibility to the global financial markets. It has adopted a no-KYC policy to allow people worldwide to register without sharing personal information. Users can thus onboard the platform anonymously and start investing directly from their private wallets.
Moreover, users can also use its native Phoenix Wallet, which allows them to store their assets in a non-custodial environment. Users retain complete control over their funds and private keys, protecting them from custody loss in a security attack.
Final Thoughts
Due to high demand from interested investors, a bonus round has been launched for the DTX presale. The token’s price has been fixed at $0.18 in this round. Over 700,000 active holders have already participated in the presale during the early stages and are holding the token at tremendous profits.
This is the last opportunity to grab DTX at a low price before its listing at $0.20 since it will surge to much higher prices after the listing.
Experts forecast that DTX Exchange will become one of the best exchanges in the market and rise to the top 50 crypto projects. Analysts predict DTX will replicate the 2017 XRP price rally in this year’s bull run, suggesting that early investors can make over 50,000% returns within months.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.