DTX Exchange is quietly becoming one of the highest-selling presale sensations in the volatile crypto market with its skyrocketing rally and widespread adoption among both retail traders and investors. Cardano (ADA) and Ripple (XRP) show signs of turbulence, meanwhile, this emerging deFi sensation has made headlines with its mind-blowing success in the early stages of its launch.
Cardano Founder Calls It the Home of Bitcoin After Bridge Launch
Cardano (ADA) has been finding ways to build up real traffic on its blockchain, which has been there for years and has gone through multiple upgrades. For now, Cardano (ADA) has a more limited impact compared to other layer platforms, as it locks only $214M in total value. Cardano (ADA) saw activity briefly spike when the chain became popular for its NFT hype.
Cardano (ADA) may be considered overvalued in 2024 because its market cap is stuck at $11.99B due to its low value locked. Outside of that usage and the community hype, Cardano (ADA) was seen as a ghost chain. The L1 is far behind on launching native DEX or DeFi. Cardano (ADA) apps only have a few hundred to a few thousand active daily users.
Cardano (ADA) made its way to tap the new inflows into Bitcoin (BTC) L2 projects. BitcoinOS will build trustless, zero-knowledge proofs on Bitcoin, creating a scalable L2. BitcoinOS has partnered with L2 leaders like Merlin Chain, Nubit, CoinEx, and Sovryn. The Grail Bridge uses two validators to monitor transfers from L1 to Cardano or other L2.
Ripple (XRP) Ledger Spikes in Tokens Issued Onchain
Crypto intelligence tracker Santiment revealed the number of new tokens issued on Ripple (XRP) reached 213 on October 17. This marks a new all-time high for the Ripple (XRP) network, representing a 200% increase from the previous record set in October 2021.
The surge in the number of new tokens issued in a single day is linked to the launch of First Ledger. This project allows investors to trade blockchain tokens more quickly via the Telegram application. The protocol’s launch pushed the number of tokens on Ripple (XRP) to a peak. However, it has since dropped to 12 as of Thursday.
Another key factor affecting the Ripple (XRP) network’s soaring price is the ongoing Ripple (XRP) case with the US Securities and Exchange Commission (SEC). The regulator has filed an appeal against the final ruling in the lawsuit, as CNF reported. On October 25, Ripple Labs filed the Civil Appeal Pre-Argument Statement (Form C) in its case with the SEC.
DTX Exchange Outshines Cardano (ADA) With Hybrid Trading
DTX Exchange leads Cardano (ADA) and Ripple (XRP) with its mind-blowing layer1 blockchain technology with a record-breaking presale rally of over $5.9 million. This deFi sensation has rapidly grown its name in the volatile crypto market after launching its first-ever unified chain, ‘VulcanX’. Following the launch of its powerful blockchain upgrade, many Cardano (ADA) lovers flocked to the platform, seeking high gains.
Many traders have flocked from other networks as well as memecoin sectors after DTX Exchange stunned the market with its groundbreaking presale performance. DTX Exchange deploys cutting-edge technical architecture in its hybrid platform to deliver high-end scalability solutions and trading benefits, making it a win-win situation for both retail traders and the network.
DTX Exchange Presale Gains Momentum: $0.08 Token Sells Out Fast
DTX Exchange is accelerating towards its next presale milestone as the rising numbers show signs that this deFi project might complete the ongoing presale round before time. While its current token price stays easily affordable at $0.08, the hybrid platform is set to launch its next presale round at a higher price and increased momentum as more investors would want to join in before DTX explodes to higher levels.
As Cardano (ADA) and Ripple (XRP) show signs of turbulence in the network amid the broader market shift, DTX Exchange seems to be taking it lightly as its skyrocketing presale rally has continued its growing momentum. In comparison to the discussed altcoins, DTX Exchange presents the most promising factors that make it a strong contender among the three.
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