Ripple (XRP) and Fantom (FTM) were considered the top contenders for a bullish $1 rally this year, however, the bearish sentiments and broader market outflows have made it difficult for these cryptos to break the trendline for strong upward gains. Moreover, the rising volatility is further damping their prospects due to rising selling sentiment after notable price dips.
Meanwhile, DTX Exchange (DTX) has stolen the spotlight from Ripple (XRP) and Fantom (FTM) after it takes the throne of the next explosive exchange listing in 2024. Experts predict the rising demand of DTX Exchange’s presale can propel its price to the $2 milestone after Q4 listing, 2x higher than the dream of XRP & FTM.
Decline In Bullish Trend Makes Fantom (FTM) Dive Below $0.7
Fantom (FTM) is slowly waiving off its bullish monthly gains by moving toward the critical $0.65 support level. This retest can be decisive for Fantom (FTM) as any retreat below can significantly lower investors’ steam, and its price can crash to the $0.5 support level if broader market conditions and weakened bullish sentiment persist.
Despite Fantom (FTM) making yearly highs in trading volume and the upcoming Sonic upgrade sailing community members toward a promising future, its price potential is speculative with a 5.7% weekly dip. While a bullish reversal can propel its price above the $0.9 threshold, the buying power needed for this prediction to become a reality is still absent from the daily and weekly charts of Fantom (FTM).
Ripple (XRP) Legal Battle Reaches a Crucial Turning Point
Ripple (XRP) is criticized by experts for its underperformance in 2024 due to its ongoing legal battle with the SEC and unrecognized XRP transfers to unknown wallets. In October after the initial ruling, Ripple (XRP) was predicted to surge past $1 but the SEC appeal on Judge Torres’s decision further escalated the volatility and uncertainty about the foundation’s future.
At press time, Ripple (XRP) has one big opportunity to meet the 24 October deadline to file the Form C document to make itself eligible for an oral defense in court. Any positive news in this regard can raise the investors’ steam if the SEC struggles to achieve its desired outcomes in the ongoing legal case, pumping Ripple (XRP) to higher price levels.
DTX Exchange (DTX) Flights Off For a $2 Run After $5.7M Raised
DTX Exchange (DTX) storms ahead as a frontrunner to conquer the altcoin market with its exceptional presale performance and ground-breaking tradFi offerings with an end-to-end approach. Traders have complete access to 120k+ assets from stocks, cryptos, forex, equities, and CFDs along with advanced automation, risk management tools, and 1000x leverage.
The DTX platform commits to maximizing profitability and user growth with its passive income techniques and up-to-date trading features, helping traders enjoy seamless execution of trades. It also solves the inherent liquidity issues in DEXs by incorporating major incentives for liquidity providers and other income-sharing strategies to host large communities of traders.
After raising a ground-breaking $5.7 million in batch 4 of the public presale, CoinMarketCap has announced its pre-listing. DTX Exchange is considered one of the safest exchanges due to its hybrid trading model and decentralized security protocols. The DTX tokens can be purchased at $0.08 and are predicted to skyrocket beyond $2 this year, promising explosive 100x gains for early bidders.
Conclusion
While Fantom (FTM) faces critical retests in the next few weeks and Ripple (XRP) is caught on the web of ongoing legal battles with SEC, these established giants are way below the expected performance of their communities. On the contrary, DTX Exchange (DTX) emerges as the strongest contender for explosive growth above $2, ready to surpass major cryptos, positioning itself as a project to watch closely in the coming months.
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