The crypto market is still reeling from the debut of the TRUMP coin. President-Elect Donald Trump’s new meme coin has brought an influx of capital and attention to the crypto market at the right time. The digital asset industry hasn’t seen this activity since Bitcoin hit an all-time high last year. The market cap for the TRUMP coin was $11.74 billion, and it settled at $60.
The reignited optimism in the crypto space means good news for other tokens as well. The XRP price was up 8% because of the TRUMP Coin tailwinds. Another emerging token that is doing well because of its robust blockchain and innovative use case is DTX Exchange, which plans to revamp the current global trading market by merging centralized and decentralized finance.
What Does TRUMP Coin Mean for Ripple?
The Ripple token has been one of the biggest crypto gainers since Donald Trump won the US election in November 2024. Ripple is the third largest token on the market, and with the TRUMP coin signaling the new President’s commitment to the decentralized assets industry, the XRP price will rise more.
Ripple is about to see the end of its legal battle with the Securities and Exchange Commission. There are hopes that the regulator will drop its case against Ripple, and that will push the XRP price up. Investors are focusing on the SEC case, but as the XRP price stabilizes after the TRUMP coin launch, investors are hopeful that the XRP price will depend on more factors than just the SEC case.
The TRUMP coin promotes Donald Trump’s pro-crypto agenda, and whatever it means for the Presidency, it means good fortune for the crypto space. There has been some pullback in the XRP price as traders and investors await Trump’s inauguration. However, Donald Trump has launched a meme coin, which is the endorsement that the volatile crypto market needs.
The SEC vs. Ripple case will decide the trajectory for the XRP price, and if the commission retracts its case, the XRP price could hit new highs and also open doors to the approval of an XRP spot ETF (Exchange traded fund), and that will be a major driver of XRP demand.
DTX Exchange Price Action
DTX Exchange is leading the DeFi revolution with its disruptive multi-asset hybrid trading platform. This platform will allow users to trade over 100,000 assets. It will bring the transparency and trust associated with decentralization and the speed and reliability of centralized trade to create a one-of-a-kind trading ecosystem.
The DTX network is backed by a solid community and has already raised over $12M in funding. It is priced at an affordable $0.14 right now and will rise to $1 as soon as it is listed.
DTX is expected to be transformational and cutting-edge. It will offer high-end AI trading tools, along with an incredible 200,000 TPS speed, that will let traders make transactions and trades in real time.
Conclusion
For regular people looking to make sustainable passive income and for crypto traders wanting to make better returns on their investments, DTX Exchange is a great option. It offers a non-custodial wallet called the Phoenix Wallet that has been downloaded 300,000 times and supports 10,000 assets.
DTX has a fair launch system, and it will not allow bigger investors to manipulate the price. DTX gives importance to every investor regardless of the size of their investment, and that makes it one of the best ICOs of this year.
To know more about the DTX Exchange ecosystem, Check out:
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