Ripple Labs is anticipating a potential ETF launch following Trump’s victory. Meanwhile, whale activity in the Cardano (ADA) network displays a bullish sentiment. Dominating the crypto giants, DTX Exchange’s strong market performance has set the bar high as its Phoenix Wallet crosses 40,000 downloads weeks after its launch in the market.
XRP Price Forecasted To Gain Momentum This Week
The crypto market is buzzing with hope after Trump’s anticipated victory, especially for long-standing class action cases like Ripple vs SEC. Many investors believe that a pro-crypto administration could ease regulatory roadblocks for the crypto market and give XRP the roadmap for future growth.
Ripple to Launch its RLUSD Stablecoin?
Luke Thomas (renowned crypto analyst) recently shared a trajectory for Ripple and XRP, predicting major milestones in the next 3-9 months. With new stablecoin regulations expected soon, Thomas suggests that Ripple may finally be able to roll out its RLUSD stablecoin for commercial use in the crypto market.
Investors are observing this move as a notable step, as regulatory approval would allow Ripple to launch RLUSD in the market and enable the company to regulate digital payments. Thomas also anticipates that major financial bodies, such as BlackRock, could soon file for XRP spot ETFs.
These funds might focus exclusively on surging XRP price or bundle it with assets like Bitcoin and Ethereum. If approved, these ETFs would attract new investors to XRP, potentially boosting its adoption and visibility in the market. As of today, the XRP price is hovering at the $0.54 mark and holds a $31.22 billion market cap, with a 24-hour trading volume of $1.93 billion.
Increased Whale Transactions Signal Optimism For Cardano (ADA)
Cardano (ADA) price has seen a major recovery in recent trading sessions, showing signs of potentially reversing losses incurred over the last few weeks. Cardano (ADA) price had previously fallen by 4% on a weekly basis and recorded a 5% decline for a span of 30 days. However, recent 24-hour data indicates a slight shift in sentiment, with Cardano posting an 8% gain.
This short-term shift hints at a potential upward momentum in Cardano’s ADA price. The recent behavior of large ADA holders (or whales) appears to support this shift. Rather than continuing to offload assets, whale investors have turned to holding Cardano (ADA). This indicates long-term confidence in Cardano (ADA) price action from large ADA holders.
On-chain data from IntoTheBlock shows a notable change in the Large Holder Netflow for Cardano (ADA). Large Holder Netflow monitors the inflow and outflow of Cardano (ADA) among major holders, controlling at least 1% of the total supply.
DTX Exchange Presale Powerhouse Wipes Out Ripple (XRP)
DTX Exchange’s million-dollar presale rally has diverted the attention from big giants to this newcomer that has set the market on fire. As a layer-1 protocol, DTX Exchange (DTX) leverages Ethereum blockchain technology and traditional asset classes to offer retail traders and investors a unique and comprehensive crypto trading solution.
This deFi project is designed to work as a one-stop platform that caters to the needs of experienced traders and newcomers in the crypto market. DTX Exchange’s user-friendly interface offers an intuitive and easy-to-navigate experience. Traders can diversify their portfolios with various asset classes available, like cryptocurrencies, equities, FX, and CFDs.
DTX Presale Mania Soars Ahead: Crosses $6.84 Million Milestone
Following the increased adoption among bullish investors, DTX Exchange (DTX) just bagged another $200,000 in its presale round 4 in the last 24 hours. The platform’s analysts have shown a rising bullish pattern in its token sales, which suggests massive network activity in the project. Considering this sentiment, DTX Exchange might complete its presale round in the coming weeks.
As Ripple and Cardano (ADA) present fluctuating performance sentiments, DTX Exchange (DTX) is making noise with its continued performance trajectory irrespective of the market movements. Additionally, traders are putting their faith in this emerging project after DTX’s Phoenix Wallet crossed 40,000 downloads before time. Join now!
Learn more: