Forget about investing in Binance Coin (BNB) and Ripple (XRP) because DTX Exchange might be the next big thing! If you invest just $100 in DTX now, you could turn it into $10,000. DTX is special because it mixes the best features of big exchanges and small, private ones.
It’s super fast, can handle tons of trades, and lets you trade secretly without signing up. In this article, we will discuss why DTX might be the best choice for your next investment!
Binance to list Euro-Pegged stablecoin Eurite amid BNB struggles
Binance, the largest centralized exchange in the crypto world, will list a Euro-pegged stablecoin called Eurite on its platform. As it was stated in the press release, the stablecoin will be available with two trading pairs: EUR and USDT.
Binance also stated that the trading will commence on August 28, 2024, at 10:00 UTC. In other news, Binance Coin (BNB) is one of the worst-performing coins in the market right now. The cryptocurrency is bearish on the weekly and monthly timeframes. Binance Coin (BNB) market cap is oscillating between $60 billion and $90 billion.
Despite the ongoing losses, the Binance Coin (BNB) price is above the 50-Day SMA ($549.66) and 200-Day SMA ($537.65). This shows that Binance Coin (BNB) crypto is still bullish. We might see a price increase in the coming weeks.
XRP’s comeback: Price recovery and Legal victory boost hopes
After a rough ride, Ripple (XRP) is back on its feet. The altcoin has recorded a 40% jump on the monthly chart. The pre-halving rally and the crypto ETF craze didn’t help Ripple (XRP) with an impressive performance. It has pumped 10% in a year, while Bitcoin surged by approximately 100% and Ethereum saw a 30% gain.
2024 marked a disappointing year for Ripple (XRP) investors. Much of it has to do with Ripple’s legal battle with the United States Securities and Exchange Commission (SEC).
Ripple (the company) is accused of using Ripple (XRP) as an unregistered security. That has played a key role in Ripple (XRP)’s descent.Even during the aggressive bull run of 2021, Ripple (XRP) was unable to reclaim its all-time high of $3.84. It has lost around 85% of its value since.
DTX Exchange presale soars as Testnet launch fuels demand
On 27th August, DTX upgraded to the third phase of the token presale and on the first day sold around 10% of the token. The testnet launch also contributed to the massive demand observed in the coin.
DTX Exchange (DTX) is making headlines in the crypto space as it prepares to launch its L1 blockchains. This project is set to become the first hybrid trading platform that can process up to 10,000 transactions per second. Even major influencers like YouTuber Crypto League see DTX Exchange as the future of online trading.
Essentially, DTX Exchange combines the best features of CEX and DEX into one. Therefore, people can buy over 120,000 asset classes, such as FX, cryptos, and bonds, at a leverage of 1000x. What really makes it a fan-favorite is its no-sign-up KYC check policy. With this feature, everyone who trades will remain anonymous.
The DTX utility token will fuel this platform. Holding it also brings perks like smaller trading fees and governance voting rights. It is now in Stage 3 of its presale with a price of $0.06 – a 300% jump from its start. But, this price will not remain long as Stage 4 brings a surge to $0.08. Experts predict another 90x jump after DTX gets listed on a Tier-1 CEX in Q3 of 2024.
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