Facing a stark 2.39% drop in the last 24 hours, Ripple (XRP) is losing prominence while Cardano (ADA) loses millions against Bitcoin (BTC). Meanwhile, the tensed investor community is flocking to the emerging DeFi network DTX Exchange for its skyrocketing presale achievement amid the disturbance among the established altcoins in the volatile crypto market.
Raoul Pal And Bill Morgan Controversy: Ripple (XRP) Under Crisis?
Popular journalist Raoul Pal has been commenting on Ripple (XRP) and its superlative predictions versus its actual performance. He has stated that the Ripple (XRP) network is irrelevant in comparison with Ethereum (ETH) and Solana (SOL). He claimed Ripple (XRP) to be a thing of the past and not to have the potential to compete in the future.
While this controversy sparked fear among holders, Pal’s criticism soon received a backlash from the senior analyst Bill Morgan. Bill diverted the focus from the Ripple (XRP) network’s continuous downward sentiment to the top-tier scenarios it has been a part of. He highlighted that being in a critical performance zone doesn’t throw Ripple (XRP) out of the league.
He added that the impact of the SEC lawsuit on the Ripple (XRP) network has pushed back its investor support, affected future potential, and sparked social media outrage. Though Ripple (XRP) is currently in recovery, it will break out with decent numbers. That said, Ripple (XRP) is backed by a $31 billion market capitalization and a $1.03 billion 24-hour trading volume.
Cardano (ADA) Gets A Financial Push Back Against Bitcoin (BTC)
Being among the major cryptocurrencies by market value didn’t save Cardano (ADA) from facing a challenging period in 2024. Despite its widespread adoption, Cardano (ADA) has lately not received the desired outcome from its investor community. Surprisingly, it dropped by a notable 3.61% price range and 36.07% trading volume in the last 24 hours alone.
More so, the long-awaited Chang Hard Fork upgrade did not boost the Cardano (ADA) network as forecasted by crypto enthusiasts. While the upgrade deployed technological and blockchain-based developments, it wasn’t enough to drive public sentiment and bring back the long-lost buying wave.
Commenting on Bitcoin’s vulnerability, Cardano (ADA) owner Charles Hoskinson says Bitcoin (BTC) will be wiped out of the market. However, his bold statements did not change the fact that Cardano (ADA) lost a massive 75% decline against Bitcoin (BTC). Furthermore, investors have shown hesitation toward Cardano (ADA) after its recent updates failed to recover the altcoin.
DTX Exchange Presale Takes Over: Leads XRP And ADA
The growing optimism around DTX Exchange (DTX) is leading Ripple (XRP) and Cardano (ADA) in various ways. After its mind-blowing presale success, this hybrid platform has pulled investors from these altcoins and various other projects, raising millions in record-breaking time.
DTX Exchange is a one-stop crypto trading platform that deploys robust security protocols to deliver a safe and high-speed trading network. Through its cutting-edge L1 blockchain technology, the network brings a comprehensive solution to overcome the challenges traders face in other outdated trading platforms.
This exchange offers diverse asset classes to help investors diversify their portfolios and learn from experienced investors within the DTX community. While the crypto giants have faced high volatility in the market lately, DTX Exchange’s performance has remained untouched and aims for new highs after its anticipated launch shortly.
DTX Exchange Among The Best Performing Cryptos In September
The DTX Exchange has successfully joined the big leagues after crypto enthusiasts pumped it up to be listed among the best-performing cryptocurrencies in September 2024. This DeFi network offers access to a wide range of markets to facilitate trading from users’ crypto wallets directly.
DTX Exchange’s strong security measures ensure that its investors and traders are in safe hands. The project employs state-of-the-art security protocols, non-custodial storage solutions, and on-chain verifications to deliver high-end protection to its users and the broader trading channel.
As DTX Exchange enters its presale round 3, the growing popularity has already raised $2.29 million and is poised to aim for new highs after launching in the market.
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