The XRP price is plunging significantly amidst Ripple’s legal challenges. Chainlink also demonstrates a similar bearish movement due to mounting selling pressure. As the altcoin market turns bearish, investors are eyeing viral crypto projects like DTX Exchange to boost their gains.
The innovative altcoin has already accumulated over $15.1 million during its presale. But can DTX Exchange deliver 2x gains before Chainlink and Ripple’s XRP? Let’s find out.
Why Experts Believe DTX Will be the First to Deliver 2x Gains
DTX Exchange is a hybrid trading platform set to revolutionize the crypto market through its innovative features. DTX continues to stun investors with its enticing features, exclusive benefits, and remarkable presale performance.
The platform is a pioneer in automating and simplifying the trading process. In line with this vision, DTX Exchange is rolling out its Automated Investment Manager. This cutting-edge tool enables users to profit by automating long-term investments in crypto and stocks.
Additionally, DTX is offering users the opportunity to diversify their portfolios without the requirement of a large upfront capital. DTX Exchange’s Fractional Multi-Asset Trading feature would allow users to diversify their portfolios by investing in multiple financial assets like stocks, ETFs, and cryptos all through a single unified platform.
DTX offers attractive features to its users and is performing remarkably well in its presale. The lucrative project has already raised over $15.1 million in its eight presale stages and is now offering a bonus presale round on popular demand.
The native tokens of DTX Exchange are currently priced at just $0.18. Meanwhile, its listing price is $0.36; analysts believe that early investors can easily 2x their gains if they act promptly. With its bonus presale round selling out fast, experts believe DTX could hit the 2x mark before Chainlink and Ripple’s XRP.
The XRP Price Plunges Following Bybit Hack
The XRP price has been struggling to surge since November 2024 due to climbing selling pressure as Ripple navigated legal challenges with the SEC. The altcoin is demonstrating a similar price movement right now. As of February 25, the XRP price is hovering around the $2 mark, plummeting by around 17% over the past week.
Source: CoinMarketCap
Experts attribute this decline in the XRP price to mounting selling pressure due to the recent Bybit hack. This hack caused a loss of over $1.4 billion, resulting in a major sell-off for altcoins like Ripple’s XRP. Furthermore, fading investor confidence is also responsible as Ripple continues to sort out legal issues with the SEC.
However, despite the bearish XRP price movement, experts believe that the altcoin can recover. According to a report, investor interest is rising as Ripple (XRP) received over $38 million in inflows, possibly driven by hopes of a positive resolution between Ripple and the SEC.
As the future XRP price remains uncertain, investors are shifting focus toward high-yield crypto projects like DTX for better returns.
Chainlink (LINK) Dips Amidst Market Volatility
Chainlink has always remained one of the key players in the altcoin market; however, the altcoin is struggling right now. As of February 25, Chainlink’s price is oscillating around the $14.7 mark, declining by over 19% from last week’s price.
Source: CoinMarketCap
Experts attribute Chainlink’s bearish price movement to a broader negative market sentiment toward altcoins due to the recent Bybit hack. Additionally, Chainlink’s whale activity has dropped substantially from $139.52 million to $25.81 million over the last few days, which further demonstrates increased bearish pressure.
Lastly, as of February 25, Chainlink’s weekly ROC and RSI 14 levels also indicate continued bearish movement. However, despite Chainlink’s recent decline, experts believe the altcoin could recover as it recently launched a cross-chain version of USDT on the OP Superchain. This news can fuel optimism and might cause Chainlink to rebound.
Final Thoughts
The future XRP price remains uncertain as Ripple continues to resolve legal issues with the SEC. Meanwhile, Chainlink faces significant resistance due to diminishing investor confidence.
As XRP and Chainlink struggle, investors are intrigued by promising investment projects like DTX Exchange. With its bonus presale round nearing sell-out, experts believe this could be the last opportunity to grab DTX tokens at $0.18 before they surge by 2x.
Check out these links for more information about DTX Exchange:
