Despite the initial optimism around “Uptober,” the crypto market has had a rough start to the month. However, while top altcoins like Binance Coin (BNB) and Ripple (XRP) have been largely underwhelming, retailers seeking life-changing gains have been betting on DTX Exchange (DTX).
This emerging cryptocurrency is at the heart of the current market buzz and early investment will likely result in early retirement—if that is the goal. Its blend of the best elements of centralized and decentralized exchanges positions it for adoption, not to mention bridging the gap between TradFi and DeFi.
DTX Exchange (DTX): A Compelling Shot at Generational Wealth
DTX Exchange (DTX) is a novel player aiming to shake up not only the crypto landscape but the overall financial scene. It will build the first hybrid exchange protocol—a combination of the best elements of DEX and CEX. This makes it stand out from the rest, contributing to the over $3.8 million raised in early funding.
Representing the best of both worlds, some of its key features will be the non-custodial storage of assets, wallet-based trading, intuitive user experience and an on-chain order book for transparency. Further, it aims to bridge the gap between DeFi and TradFi by being a one-stop platform where thousands of assets can be traded, including tokenized financial instruments.
In light of the above, analysts believe it is the future of the $3.2 billion global trading market. Interestingly, the presale is in the third round, offering a compelling shot at life-changing gains at just $0.06 per token. With a potential 100x rally after listing, DTX is a more compelling alternative to Binance Coin (BNB) and Ripple (XRP).
Binance Coin (BNB): Ranges Between $585 and $535
Binance Coin (BNB) is one of the leading cryptocurrencies. On the altcoin list, it is behind only Ethereum and is a top 5 cryptocurrency on the wider crypto market. Its appeal revolves around its leading status as one of the top crypto coins and its solid fundamentals.
As the utility token of the entire Binance ecosystem, including the centralized exchange and BNB Smart Chain, there is actual demand. This continually pushes the price, making it one of the best altcoins to invest in.
However, amid the choppy market, Binance Coin (BNB) has been largely disappointing this month. The BNB coin consolidates between a high of $581 and a low of $535 on the weekly charts. It retails above $565, with no clear trajectory as sentiment turns cautious.
Ripple (XRP): Over 13% Decline in the Weekly Timeframe
Ripple (XRP), one of the top altcoins, also plays a key role in the crypto landscape. It facilitates cross-border payments and transactions, making it an investor favorite among those seeking projects with solid fundamentals.
However, it plummeted as the SEC appealed a recent decision of a US court regarding its regulatory non-compliance. In August, Judge Analisa Torres fined the fintech company $125 million—a fraction of the regulator’s $2 billion claim—for the sales of XRP coins to institutional investors.
Unsurprisingly, the XRP price tumbled amid this development. It nosedived over 13% in the past 7 days, trading above $0.53. Despite this, an XRP price prediction suggests a bullish reversing trend if Bitcoin (BTC) hits $65,000. Hence, XRP might be a good crypto to buy at the current market price.
Conclusion
Investing early in new and promising cryptocurrencies is a more profitable strategy than HODLing popular and top altcoins. Given DTX’s 100x upside potential, it is set to outperform Binance Coin (BNB) and Ripple (XRP) in gains, making it one of the best cryptos to invest in.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
The post DTX Exchange (DTX) On Top Of Wall Street Radar Replacing Binance Coin (BNB) and Ripple (XRP) appeared first on Blockonomi.
