On Sunday, Donald Trump announced the names of three cryptocurrencies – Cardano (ADA), Ripple (XRP), and Solana (SOL) to be included in a new US crypto strategic reserve, due to which investors rushed to buy these cryptocurrencies, pumping the ADA and XRP prices significantly higher.
Meanwhile, the rising hybrid token DTX Exchange is quietly making headlines, with its presale reaching the $15.50 million milestone. The recent upgrade of DTX’s listing price to $0.36 has significantly increased demand. Some experts believe that its listing on Tier-1 exchanges will push the token for a 100x surge, challenging giants like Cardano and Ripple.
Ripple Takes Bull Breather: Will The XRP Price Surge More?
Ripple investors made tremendous gains during the 450% rally in November. After this massive surge, the XRP price pulled back from $2.9 to $2 before resuming the uptrend and reaching close to the All-Time High (ATH). However, before Ripple could touch a new peak, bears gained control, and it entered a downtrend.
The XRP price again dropped to the $2 support last Friday, where a hammer candlestick indicated increased bullish sentiment. On Sunday, Trump’s revelation of the inclusion of Ripple (XRP) in the Crypto Strategic Reserve sparked a massive buying frenzy, which took the XRP price through a resistance trendline and it gained 34% in a single day.
XRP Chart, Source: CoinMarketCap
Today, the XRP price has retraced to the trendline and currently trades at $2.65. In the last 24 hours, trading volume has increased by a whopping 570%, showing the sheer intensity of this bullish move. If this bullish sentiment persists, Ripple’s XRP price may break out from the immediate resistance at $3 and the next one at $3.4 to reach a new ATH.
Cardano (ADA) Price Prediction For March
Cardano (ADA) has been the biggest mover since the Trump announcement. Its price rose from $0.64 to a high of $1.19, a surge of over 70%. With this bullish move, ADA has broken out from the 88-day-long channel pattern. In the weekly timeframe, Cardano’s pattern resembles a bull and flag formation. The breakout occurred after a retracement to 0.786 FIB level of the November rally.
Technical analysis shows that if Cardano closes a weekly candle above the $1.20 resistance level with strong buyer volume, it is likely to surge above the multi-year resistance of $1.50 by the end of March.
DTX Exchange: Last Chance For 4X Surge Before Listing
Despite being in the early presale phase, DTX Exchange (DTX) has already captured the attention of more than 780,500 community members and has amassed $15.50 million. Ripple (XRP) and Cardano (ADA) are large-cap cryptos, which limits them from explosive moves like small caps, while DTX’s strong fundamentals and low market cap provide a perfect recipe for unparalleled growth.
To benefit community members, DTX Exchange has introduced a discount offer. By using the code “LIST2X” at purchase, users will receive a 100% bonus on deposits, meaning listing gains will be 4x the investment.
Innovative features like fractional and multi-asset trading differentiate DTX Exchange from traditional exchanges. The platform provides traders with 120,000+ asset classes, such as cryptocurrency, equity, currency pairs, and tokenized ETFs, in a single place. Traders can apply institutional-grade leverage of up to 1,000x on these assets to increase their profit potential significantly.
The Phoenix Wallet app, introduced by the team for a self-custody solution, has been downloaded by over 320,000 people, showing strong user engagement. The demand for DTX has skyrocketed due to these cutting-edge features.
Conclusion
Due to the potential to match early ADA and XRP price growth, the DTX tokens are selling out rapidly. Over 65% of the tokens in the bonus (final) round have already been sold, and experts predict the remaining will be out before the end of March. For investors seeking long-term growth, this might be the perfect time to explore and take advantage of DTX Exchange’s presale before the opportunity closes.
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.