This weekend has suffered notable volatility and other negative news about big Defi projects. In this article, we will specifically discuss the security hack of Eigen Layer (EIGEN) that turned the heads of global traders. Moreover, the ongoing Ripple (XRP) legal battle has led crypto to bearish turmoil and a notable price drop.
While Eigen Layer (EIGEN) and Ripple (XRP) are facing scrutiny in their own ways, an emerging Defi star DTX Exchange (DTX) is dominating both with its record-setting presale momentum and VulcanX launch. The DTX presale has attracted a massive $500K this week due to a prominent surge in global demand.
DTX Exchange (DTX) emerges as the leading presale performer of 2024 after its 1000x leverage and VulcanX chain feature announcement has reached every corner of the Defi sector. The crypto bulls are rapidly flooding the DTX presale with capital to gain early positions before it’s too late, raising the presale to $3.8M within a few months.
The DTX platform advances with its cutting-edge features, innovative trading technologies, and a VIP Rebate System to empower traders to execute big trades and actively participate in the different community-centric initiatives of DTX Exchange. The hybrid chain of DTX also hosts 120k+ digital assets from diverse financial sectors including stocks, cryptos, forex, and commodities.
The KYC-free DTX platform is an all-in-one solution for global traders, offering every technology to users so they can set up a complete trading environment and gain maximum profits. DTX tokens are available at $0.06 with predictions of a price breakout above $1 once listing happens on major platforms, promising 1000% gains for early holders.
Last week was complete chaos for Ripple (XRP) holders as the project faced major backlash from the U.S. Securities and Exchange Commission (SEC). Ripple (XRP) held a bullish position below $0.6 but the SEC’s appeal about security sales on Judge Torres’ decision in 2023 led its price to show a massive 14% down spike on the weekly timeframe.
Several Ripple (XRP) analysts expected this massive turmoil before the October 7 deadline. As the volatility has proved to be costly for the price trend of Ripple (XRP), experts have started a countdown about a total collapse if any negative news circulates in the broader economic sector or BTC fails to break past key resistances, potentially leading XRP price below $0.4.
Eigen Layer (EIGEN) recently drove massive hype after its exchange listing and token transfer announcement. However, the token’s price has dropped by 5% on the weekly chart after a $5.87 million hack news circulated from PeckShieldAlert. This news led the community members and global traders to question the security protocols of Eigen Layer (EIGEN) and trigger a massive selling spree.
Eigen Layer (EIGEN) started recovering from a massive blow last week after the foundation debunks security criticism. However, the dust is still up as an investigation by relevant platforms goes on. The price trend of the Eigen Layer (EIGEN) is yet to display a decisive trajectory as bears and bulls lock horns for dominance amid an 18% rise in volatility.
While Ripple (XRP) struggles with the ongoing SEC legal battle and Eigen Layer (EIGEN) grapples with the aftermath of a security breach, the rise of DTX Exchange (DTX) is hard to ignore. With a strong presale performance and cutting-edge trading technology, DTX has become the go-to choice for traders seeking record-breaking gains in the upcoming bull market.
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