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Ripple (XRP) is a big name in the crypto market, but its unimpressive performance over the years due to legal challenges has made it less appealing than other altcoins.
Meanwhile, amid the market showing signs of bullishness, investors have been analyzing and finding cryptos that could become the next multibagger coins like Solana and Ripple. With great capabilities, DTX Exchange (DTX) stands as a candidate that can outpace the biggies in the market.
In this article, we will discuss the recent developments in XRP and SOL and the prospects of DTX Exchange, which make it a standout in the cryptocurrency market.
Ripple Labs recently faced a setback after missing a key filing deadline. The U.S. Court of Appeals for the Second Circuit issued a default notice to Ripple’s legal team because they failed to submit an Acknowledgement and Notice of Appearance form by the October 18, 2024 deadline. Furthermore, the suspicions were that the SEC had missed its deadline, placing an appeal to the court unsuccessfully, but ex-SEC legal director Marc Fagel remarked that the delay was exclusively Ripple's, and the SEC was not affected by that.
In other news, Chris Larsen, the co-founder of XRP, made a financial contribution of over $11.8 million to Kamala Harris's presidential campaign, which also consisted of a big payment of $10 million to XRP in September.
The Solana/Ethereum spot pair trading chart reached a new all-time high on Thursday after the rally in Solana's price. SOL/ETH had been trading below the 2021 high for three years before breaking out in August this year. An increase in activity on Solana's network caused its price to increase above $170, causing SOL/ETH to exceed the former barrier of $0.06.
As stated by Solana Floor, Solana triumphed over Ethereum and other blockchain networks in terms of DEX volume, as it was twice the volume of Ethereum. The main priority fee of the network has skyrocketed to the historical record of around 24,675 SOL, which is probably the result of the trading of meme coins through terminals that group higher-priority transactions.
In a very short period of time, the DTX Exchange has established itself as a recognized platform in the market, amassing $6 million in the fourth stage of its presale. It now has the crown of the fastest-selling presale, topping the list in 2024, with the built-up system that aids the investors to trade in a diversified market.
With features like the VIP rebate program, DTX provides value to investors alongside platform users. With this, DTX Exchange will share upto 3% of revenue with the token holders. DTX also provides a staking feature for the community so that they can also grow with the company. DTX is specifically designed for traders, allowing real-time portfolio adjustments with amazing features like 1,000X leverage and AI-based order execution.
The recent success of testnet has positioned it at the forefront of the market and has improved its reputation among investors. DTX token is priced at $0.08, and the market experts are incredibly bullish on its future. DTX models point out that innovation and futuristic technologies offer the possibility of great returns and put it among the top contenders.
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