Ethereum (ETH) after a notable price recovery from the $2,110 zone is now again facing significant bearish pressures below key thresholds. Market sentiment and excessive sell-offs make it difficult for Ethereum (ETH) to display the expected price rally. However, Ripple (XRP) showcases massive strength with the latest SEC news about the settlement.
Another emerging project DTX Exchange (DTX) stands tall in the crypto market with a successful presale and surging global demand. Competing with industry giants like Ethereum (ETH) and Ripple (XRP), the DTX hybrid platform is poised to become the major stakeholder in the sector due to its cutting-edge technologies and industry-relevant offerings.
Dormant Ethereum (ETH) Wallets Dump $2 Billion Tokens
Ethereum (ETH) price continues to trade in a bearish channel with surging market sell-offs. The high volatility was triggered by institutional dumping of ETH ETFs on August 7 and dormant wallets’ $2 billion dump of Ethereum (ETH) on exchanges. This pushes the ETH price to struggle below the $2.5k level with a 1.5% intraday drop.
Despite recovery sentiments in the broader crypto market, investors await the Ethereum (ETH) rally since the ETF launched. Amid surging bearish pressures, the dropping price trend of Ethereum (ETH) might find major support at $2,350. However, the finale is yet to be between bears and bulls due to mixed signals by technical indicators on the 1-day chart.
Ripple (XRP) Goes Parabolic With Bullish Gains Post-SEC Deal
Ripple (XRP) has outshined major altcoins in the recovery market with leading gains amid a bullish price rally. The parabolic upsurge for XRP occurred after the news of a settlement between SEC and Ripple Labs with a fine of $125 million. This three-year-long case is now considered a victory for Ripple (XRP) and is enthusiastically celebrated by the community.
After the news of the Ripple (XRP) victory, many exchanges witnessed a massive buying spree for XRP tokens. Reports indicate that around 60 million Ripple (XRP) tokens were bought from the Upbit exchange while around 23 million tokens were bagged by whales from Binance.
The Ripple (XRP) price reacted to the surging optimism with an 18% intraday rise and a 269% surge in the trading volume. Despite bearish sentiments around the broader altcoin sector notably Ethereum (ETH) and Bitcoin (BTC), Ripple (XRP) has defied all market odds by regaining the $0.6 support level.
DTX Exchange (DTX) Presale Goes Parabolic With $1.2M Raised
DTX Exchange is leading the tradFi space with its cutting-edge features and innovative trading technologies with its AI-powered trading platform. By introducing advanced automation strategies, quant trading, and blockchain layer-1 solutions for high speed and security, traders are shifting to the DTX Exchange for a secure and seamless trading experience.
The DTX hybrid platform commits to trader profitability and community growth to boast an engaging and safe marketplace for global traders. Investors from all financial spheres, including forex, cryptos, and stocks, are seeking the KYC-free platform of DTX as an all-in-one solution that offers multi-tier accounts and non-custodial wallets to minimize the risk of security breaches by eliminating intermediaries.
The powerhouse of DTX Exchange is its ground-breaking 1000x leverage feature, empowering traders to enjoy higher market positions with minimal capital. With over $1.2 million raised in batch 2 of the public presale, DTX tokens are available at $0.04 with predictions of a price breakout above $1 once the DTX token gets listed, predicting 100x gains for early buyers.
Conclusion
The Ethereum (ETH) price has continually disappointed investors since its ETF launch, failing to deliver expected returns. Ripple (XRP) emerged as a game-changer in July and August with notable price hikes. Investing in the emerging 1000x leverage DTX Exchange (DTX) now can yield higher profits in the upcoming market rally.
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