The August market crash proved to be devastating for several memecoins including PEPE. Holders have dumped massive amounts of frog-themed memecoin on exchanges. Moreover, the sceptical sentiment around altcoins has added to concerns about the Ripple (XRP) price trajectory amid legal tensions.
The Ripple (XRP) community celebrated the victory following the first ruling by Judge Analisa Torres, which led to a wave of optimism and a notable capital influx. However, the SEC has a 60-day timeline to appeal the court’s decision, and according to a spokesperson, the legal body may challenge the ruling regarding the Programmatic Sales of Ripple (XRP).
Following the initial hype, the Ripple (XRP) price soared 20% with bullish predictions to cross the $1 landmark. However, the increasing legal tensions are paving the ground for bearish sentiments to pull the price of Ripple (XRP) to the critical $0.5 support level. Ripple (XRP) displayed a 4.3% decline over the past 7 days and further price dip is expected amid the uncertain legal direction of the project.
PEPE has been a top memecoin choice for investors in 2024. The recent market crash offered investors a lucrative buy-the-dip opportunity but the meme coin’s failure to recover back is panicking holders. Massive amounts of PEPE are entering different exchanges as the memecoin has lost over 40% value in the past 30 days.
Data from Lookonchain indicates that a big money bag who bought over 750 billion PEPE suddenly dumped around 500B on Kraken, worth $4 million. Moreover, a whale who bought 420B PEPE coins after the August 5 market crash sold all its holdings for only $30,000 in profit.
This progress of PEPE in volatile market conditions signals an alarming situation due to the breaching of critical support levels. Bulls continue to defend the crucial $0.000007 support level as any dip below this can lead to a price collapse for PEPE to $0.0000045 with nearly 90% of portfolios bleeding.
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DTX Exchange thrives in a competitive market with advanced automation and AI-powered tech. The project has raised a mind-blowing $1.4 million in batch 2 of the presale and shows unstoppable momentum with 13,000 unique holders onboarded. As the project goes live on the mainnet by Q4 of 2024, the DTX token is expected to surge beyond $2 from the current presale price of $0.04, promising 100x gains.
The market clouded by legal tensions and sky-high volatility signals a warning to invest in Ripple (XRP) and PEPE as both currencies are under analysts’ radar. DTX Exchange (DTX) emerges as a relatively safer investment option for profit-seeking investors in the volatile market.
Global investors have growing confidence over its prospects as DTX Exchange moves towards its mainnet launch with bullish presale momentum. DTX is positioned as a top contender for market dominance with its potential for significant growth and scalability to diverse financial markets.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
Amsterdam, Netherlands, 20th September 2024, Chainwire
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