The post Massive Flash Crash Wipes Over $1.6 Billion Overnight With XRP Dump, But This New Altcoin is Surging appeared on BitcoinEthereumNews.com.

The much-anticipated altcoin season kicked off and ended badly for Ripple. The altcoin’s XRP price lost 20% of the market share with other top altcoins like BTC, ADA, and ETH. While the consensus remains that this is a consolidation before the bull cycle continues, many traders have lost their positions in this correction. The drop in positions of established altcoins usually leads to increased focus on newer, cheaper altcoins, especially if they offer strong upside potential. This dip has helped speed up presales for the new ICO offering DTX Exchange (DTX). DTX Exchange (DTX) is already getting a lot of attention as a hybrid DeFi/TradFi platform. Some experts have nominated DTX as one of the best new altcoins to invest in. It aims to bridge the gap between the crypto world and the traditional financial systems, which promises massive adoption and growth at launch. XRP Price Consolidating For $3 Before Year Ends   XRP’s price may be closer to $2 than $3 right now, but analysts assessing the current fall claim that this will probably be a short consolidation phase before the bull cycle picks momentum. It is a chance for investors to reassess their holdings and open up better-performing positions in Ripple. Source: CoinMarketCap The drop in XRP price is a chance for many investors to pick up stronger crypto offerings like DTX Exchange for better returns. More conservative investors are likely to influence the markets, and weaker coins will probably be weaned out of upside running. Consensus remains that strong coins like XRP, BTC, and ETH will regain lost ground as the month progresses. DTX Exchange (DTX): 1000x Surge Predicted At Launch DTX Exchange is the first trading platform to allow traders to trade in a combination of stocks, crypto, and forex assets under a single platform. The…

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Filed under: News - @ December 12, 2024 7:25 am