The crypto market exploded as Bitcoin (BTC) touched $73,000—an inch away from its all-time high of $73,750. Leading the altcoin charge is Dogecoin (DOGE), the first memecoin, exploding over 30% on the weekly charts. Meanwhile, Ripple’s (XRP) underwhelming run continues as it struggles with regulatory uncertainty.
At the same time, whales have found a new favorite in DTX Exchange (DTX), a novel exchange-based token. It will power a hybrid trading platform with elements of CEX and DEX. Moreover, its remarkable performance in the ICO world—soaring past $6.2 million in funding—has captured investor attention.
DTX Exchange (DTX): Novelty and Upside Potential Drive Whale Activity
DTX Exchange (DTX) is a novel altcoin at the crossroads between traditional finance and DeFi. It will power an exchange protocol that allows the trading of over 120,000 asset classes across stocks, bonds, ETFs and cryptocurrencies. Further, the trading platform will combine elements of centralized and decentralized exchanges—the first of its kind.
Given the above, the presale crossing $6.2 million in fundraising isn’t surprising. Its novelty—a one-stop platform for trading diverse asset classes—has captured whales’ interest. Moreover, it will integrate features like wallet-based trading and non-custodial storage solutions, primed to reshape the $10 billion global trading scene.
The ICO is ongoing, currently in the fourth round. Hailed as this quarter’s best presale, a token is ridiculously undervalued at $0.08, teeming with potential. It is tipped for a 55x upswing after its debut, having been pre-listed on CoinMarketCap. On track to outperform top crypto coins like Dogecoin (DOGE) and Ripple (XRP), this is a new DeFi project to watch.
Dogecoin (DOGE): Is 30% Uptick the Start of the Run to $1?
Dogecoin (DOGE), the first meme token, frontruns the narrative. It launched in 2013 but exploded and rose in popularity in 2021. Since then, it has become one of the top altcoins—a top 10 cryptocurrency by market size.
As Bitcoin (BTC) skyrocketed, so did the value of Dogecoin (DOGE). The Dogecoin price skyrocketed over 30% in the past 7 days, retailing above $0.17. Leading as one of this week’s top gainers, this might be the start of DOGE’s bull run, placing it on the list of altcoins to watch.
With more room for growth, a Dogecoin price prediction suggests a new peak before the year’s end—soaring past its 2021 all-time high of $0.73. A bullish forecast hints at a rally above $1, positioning it among the best cryptos to invest in.
Ripple (XRP): Regulatory Uncertainty Affects Growth
While the rest of the market traded upward, Ripple (XRP) was largely underwhelming. The payment protocol struggles with regulatory uncertainty, with its four-year-long legal sparring with the US SEC yet to end.
The legal standoff is expected to continue well into 2025, sparking concerns within the community. Unsurprisingly, it was mostly unmoved despite the wider market rally. The XRP price swung low, hovering above $0.52. With fear of further decline thick in the air, new investors have been mostly looking beyond Ripple (XRP).
Nevertheless, considering Q4’s bullish outlook, we might see more positive price actions in the Ripple (XRP) price. It could reach $1 before the year’s end, to be propelled by an overall market upswing. The coming days promise to be exciting but for the long term, XRP is among the best cryptos to buy.
Conclusion
While Dogecoin (DOGE) exploded, it has been an uneventful week for Ripple (XRP) as it struggles with regulatory uncertainty. Meanwhile, DTX Exchange (DTX) is having one of its best runs, soaring past $6.2 million in presale this week. Behind this massive show of interest are its novelty as a hybrid trading platform and massive growth prospects.
Learn more:
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The post Dogecoin’s (DOGE) 30% Uptick – Ripple (XRP) Falters Amid Regulatory Uncertainty; Whales Stockpile This New Crypto After Crossing $6.2M in Presale appeared first on Blockonomi.
