After a bullish election rally this week, several altcoins are slowing down after displaying promising price spikes. Ripple (XRP) and Toncoin (TON) are two prominent cryptos, showing a major fall in whale activity and bullish price momentum. Experts speculate that this short-term selling might trigger investors to cash out on a larger scale this month.
However, DTX Exchange (DTX) has been constantly growing, giving high competition to Ripple (XRP) and Toncoin (TON). The emerging presale is breaking records with its blockchain performance and other ground-breaking tradFi features. After raising a massive $6.85M in presale, the project looks forward to massive gains after its launch in Q4 this year.
Ripple (XRP) displayed a bullish breakout after Trump won the US elections. The community hoped for a favorable regulatory shift for the XRP foundation under Trump’s administration, leading to a bullish rise in XRP price above the $0.55 level. Moreover, the XRP ledger developments and XLS-40 amendment gave Ripple the spotlight after the elections.
However, short-term holders dump huge amounts of XRP on exchanges for profit bookings after a 6.3% weekly surge. The 1.5% drop in trading volume suggests that sellers are hitting back, halting bullish sentiments for Ripple that might help it cross the $0.56 resistance level. While industry giants recognize the potential of XRP, the overbought conditions might strike Ripple hard in the upcoming days.
Toncoin (TON) has displayed a strong comeback above the $4.8 threshold level in this bullish cycle. The launch of the “Synergy” cross-chain initiative by TON Accelerator and the two major updates FunC 0.4.5 and v2024.10 have led to high community enthusiasm for Toncoin (TON) amid US Election hype.
However, the weakening bullish sentiment due to profit bookings and short-term liquidity is making the $5 rally difficult for Toncoin (TON). The bulls need a strong support level at $4.85 to push the price to higher levels and the rising volatility is dampening the community’s bullish hopes about Toncoin (TON) this November.
DTX Exchange (DTX) is hitting milestones in this bull market as the global community shifts attention to its industry-competitive trading features and trader-centric narratives. The project has stolen the spotlight after its non-custodial “Phoenix Wallet” was launched on Apple and Play Store, emerging as one of the safest and backed by KYC-free onboarding.
The viral project raised over $6.85 million in batch 4 of the public presale and continues to ride the bullish wave as global demand soars for its first-ever hybrid layer-1 blockchain. Furthermore, features like quant and algo trading, 1000x leverage, and merging of stocks and cryptos pairs have given DTX Exchange a competitive edge over existing marketplaces.
DTX Exchange commits to providing end-to-end solutions for traders and allows seamless trade execution with its lightning-fast blockchain and sleek modern UI design. DTX batch 4 presale has been 74% sold to early buyers at $0.08, promising bullish 100x gains as its Q4 listing approaches near this month after CMC pre-listing.
Ripple (XRP) continues to trade below the $0.5 threshold despite ledger enhancements and bullish community sentiment.
Toncoin (TON) faces bearish trends amid short-term liquidity, struggling to cross the $5 resistance level.
DTX Exchange (DTX) leads the bull market after its decentralized Phoenix Wallet launch with its presale emerging as the prime buying opportunity for substantial returns.
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