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Two significant events have led to havoc in the crypto sector. The ongoing debate of Ripple being a security amid the ongoing conflict of the company with the SEC has led large-scale investors to pull off the investments. Secondly, the downfall and massive sell-off of LayerZero (ZRO) tokens after the exchange listing leads to a price crash for early holders.
DTX Exchange has grabbed a significant spotlight after revamping its website amid ongoing speculations and a market downturn. With a user-friendly interface and improved navigation, users can more easily understand the tradFi proposition offered by the emerging industry-relevant exchange, poised to become the next big giant.
DTX Exchange (DTX) is gaining prominence after its website revamp, making it easy for investors to acquire knowledge about its industry-backed features and unique tradFi offerings. The hybrid model of the project is a key strength, enabling the DTX platform to surpass legacy exchanges.
As the project continues to grow its user base, DTX Exchange has raised an astounding $700,000 in public presale stage 2. Covering the global scope of finances, the KYC-free platform includes 120k+ digital assets from diverse markets including forex, cryptos, stocks, equities and contract-for-differences (CFDs).
The cutting-edge use case of DTX and the utility of blockchain fundamentals will continue to help the project become a leading figure. With an outstanding performance in 2024, Investors rush to buy the DTX token for $0.04 which is anticipated to skyrocket beyond $1 once the token hits the mainnet.
On June 20, The omnichain interoperability protocol LayerZero (ZRO) token was listed on various exchanges around the globe including Binance and Coinbase. The token also expanded in the financial markets of South Korea after its three major exchanges Upbit, OKX, and Bithumb announced its listing.
LayerZero (ZRO) is highly criticized due to its airdrop distribution mechanism. Despite the announcement of anti-Sybil measures last month, many holders say that 8.5% distribution on the first day was quite low. The crypto community also voices concerns about the proof-of-donation mechanism, asking for funds to acquire ZRO tokens.
These trends have led investors to speculate about the trajectory of LayerZero (ZRO), dumping holdings for early profits. The notable decline of 22.6% in 24 hours indicates the shifting investor sentiment as the LayerZero (ZRO) token is poised to retrace below the $3 support level.
Ripple (XRP) is witnessing a sluggish momentum after facing multiple rejections at the $0.50 threshold. XRP price is struggling as the ongoing debate over its security status with the SEC continues to weigh heavily on investor sentiment. Moreover, the transfer of 250 million XRP tokens to an unknown wallet from Ripple’s address has added to the ongoing speculation around the project.
As per the predictions of leading market analysts, the XRP price is unlikely to show gains due to high selling pressures. Despite its recent collaborations, technical indicators suggest the best scenario for XRP price is to soar between $0.51 and $0.54 if bulls regain hold. However, according to current market dynamics, the XRP price might end up near $0.45 amid ongoing selling pressures.
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