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The crypto market is in a hotspot again. Top altcoins are aiming for higher levels after a brief correction. Ripple (XRP) bulls are aiming to cross the $1.5 and get the attention of more investors. As for Bitcoin Cash (BCH), it is still attempting to break past the $480 barrier.
Meanwhile, DTX Exchange (DTX) is gaining more traction with its ongoing presale. The DeFi project has raised over $8.1 million in funding and is now at stage six. Analysts have forecasted a 10x pump in the months ahead.
Ripple (XRP) Crosses $1, Pumps Towards $1.5
Ripple (XRP) has awakened after trading at the $0.5 region for weeks. The Ripple coin is trading above the $1 mark, a level it has not reached in more than three years, per CoinMarketCap’s data. According to Armando Pantoja, XRP whales have bought over 453 million tokens in a week. This accumulation is the largest in three years.
The cryptocurrency enthusiast noted that something big is coming to the Ripple crypto. CrediBULL Crypto forecasts the value of the XRP token may rise to the $1.50-$2 price level soon. Another analyst called James CryptoGuru told his followers the Ripple price could rally to $1.4 and $1.70 in the coming weeks.
The cryptocurrency’s 14-day RSI has crossed 80, which is the overbought region. Its Hull Moving Average (9) is showing a buy signal. These indicators mean that bulls are in charge, making the chances for a potential rally very high.
Bitcoin Cash (BCH) Trades Below $500, But Experts Forecast Breakout
Bitcoin Cash (BCH) continues to trade under the $500 level despite the increased momentum in the market since the start of November. The highest the Bitcoin Cash price reached was $480. Currently, BCH is showing gains of 1.6% on the weekly chart and 39.2% on the biweekly chart, per CoinMarketCap. TechtraderBrkn predicts the Bitcoin Cash price may rally to $717 soon.
Another analyst called CW gave a similar forecast. Based on CW’s analysis, the BCH altcoin price may pump to $720. According to CW, the Bitcoin Cash token is about to form a cup and handle pattern in the meantime. Its relative strength index and other technical indicators are in the buy region. These are bullish signals that could lead to a rally in the coming weeks.
DTX Exchange (DTX) Introduces Multi-Asset Trading
DTX Exchange (DTX) is revolutionizing trading through the creation of a hybrid exchange. It merges the benefits of CEX and DEX. DTX offers traders an opportunity to trade over 120,000 asset classes, including cryptos, shares, metals, ETFs, and bonds, among others. This puts DTX directly into the $714.7 trillion OTC derivatives market. This integration of traditional and digital assets to trading accounts means that traders are not limited by multiple accounts therefore increasing the efficiency of trading.
While its users benefit from managing all their assets from a single place, DTX will record greater utility and even has more room for growth than other crypto exchanges. Another advantage of DTX Exchange is its absence of KYC, which means that traders can remain anonymous and will not share their personal data. This feature, coupled with high-speed transactions of 0.04 seconds, makes DTX preferable for both privacy-conscious traders and high-volume traders.
Meanwhile, the DTX token can be used for staking to earn up to 15% APY while contributing to improving the platform’s liquidity. The token has also increased by 400% to reach its current price of $0.1. At the same time, DTX has raised more than $8.1 million. Experts expect the DeFi coin price to skyrocket by 10x after launch.
Conclusion
Ripple (XRP) is approaching $1.5 for the first time since 2021. Also, Bitcoin Cash (BCH) is attempting to break past $500. Analysts have predicted a 10x surge for DTX Exchange. The project’s ongoing blockchain ICO is one of the best in the market. The project has even launched a 100% bonus for those who use the code “SELLSTAGE.”
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*This article was paid for. Cryptonomist did not write the article or test the platform.
