The crypto market community is excited after DTX Exchange (DTX) launched its highly-anticipated L1 blockchain. This launch has created a lot of hype within the industry. Experts anticipate that DTX might bring better returns than well-established crypto coins like Toncoin (TON) and Ripple (XRP).
This Stage 3 presale star has already soared by 200%. But, experts predict another 100x surge in 2024. Keep reading to find out why.
DTX Exchange (DTX): A New L1 Blockchain Protocol Launch
The hype regarding DTX Exchange (DTX) is justified as it recently launched its L1 blockchain. The presale has been great, raising over $2.3M and possibly hitting $3M before September 2024 ends. This can be viewed as a manifestation of the market’s trust in DTX. Even big YouTubers like Crypto Royal see it as the next big thing in online trading.
One of the biggest selling points that makes the DTX Exchange unique is its trading model, which is a combination of CEX and DEX. In contrast to ordinary trading platforms, DTX lets you trade over 120K asset classes, such as crypto coins, FX and CFDs. DTX currently offers up to 1000x leverage and no KYC checks make it perfect for any privacy-conscious person.
The DTX utility token is a big part of its ecosystem. It is now in Stage 3 of its presale and costs only $0.06. Those who bought it early on are enjoying a 200% return. But, this price will rise to $0.08 after Stage 4 begins. Some analysts predict a 100x surge after DTX hits Tier-1 exchanges in Q3 of 2024.
Toncoin (TON): May Continue Rising
Toncoin (TON) has been on a downtrend recently. CoinMarketCap data shows that the Toncoin price fell over 15% in the past week alone. But market analyst CryptoJack remains bullish on this coin. In his X post, he says that TON is now inside a channel and could retest its support of $5 before rising to the $8 resistance area.
This prediction could come true with the recent news that Binance has added the Toncoin crypto to its Simple Earn Locked products. Thanks to this event, people can earn up to 5.9% in APR rewards.
As a result, market analysts foresee a rise to $5.50 in October 2024 in their Toncoin price prediction.
Ripple (XRP): To Shock the World
On the other hand, Ripple (XRP) has been presenting some green charts. CoinMarketCap also records that the price of Ripple has risen by nearly a quarter in the last 30 days. Another crypto analyst Brett also came up with a bold prediction. Based on his X post, XRP is poised to shock the world in 2024 and even go through the roof.
The technicals for the Ripple crypto are also showing some good signs. Currently, XRP is trading above its 200-day simple and exponential moving averages while having a Williams percent range of 80 in the buy zone.
Due to all these factors, experts have made a bullish Ripple price prediction. They forecast a potential jump to $0.61 for XRP within September 2024.
Why Can DTX Exchange Challenge Toncoin and Ripple?
Toncoin and Ripple are big crypto coins, but DTX Exchange could soon outshine them. This is because DTX has a smaller market cap and connections to the $17T gold market. With these perks, this rookie will surge much faster, as it needs less new money for its price to skyrocket.
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