The Next Ripple (XRP) Is Here: DTX Exchange’s $10M Presale Is Most Subscribed By Smart Investors For 20,000% Explosive Returns
The post The Next Ripple (XRP) Is Here: DTX Exchange’s $10M Presale Is Most Subscribed By Smart Investors For 20,000% Explosive Returns appeared on BitcoinEthereumNews.com.
With the anticipated relaxation of crypto regulations in the US, the market has entered the bull phase, with altcoins performing exceptionally well. Ripple (XRP) is one of the altcoins that has benefitted from the presidential elections; it has regained strength in the market and is currently positioned in fourth place. However, Ripple (XRP) is a large-cap crypto, and replicating the same growth with momentum is difficult. Expert investors are now pouring money into the DTX Exchange (DTX) to capitalize on the bull market, as it can potentially replicate XRP’s gains. We’ll see what factors make the DTX Exchange a better investment opportunity than Ripple. Ripple (XRP) Gets the Go-Ahead from NYDFS for RLUSD Ripple (XRP) CEO Brad Garlinghouse announced on Tuesday that the company received approval from the New York Department of Financial Services (NYDFS) to launch its stablecoin, RLUSD. This comes after Ripple’s long legal battle with the SEC, which has helped the company thrive in the final months of 2024. RLUSD is currently beta testing on the Ethereum network and XRP Ledger (XRPL), with a circulating supply of $52 million. Ripple (XRP) first introduced RLUSD in April and began beta testing on the XRP Ledger and Ethereum blockchains in August. The stablecoin market is worth nearly $200 billion and is expected to grow significantly in the coming years. Ripple (XRP) plans to use RLUSD to boost its presence in global payments and help bridge traditional financial assets to blockchain networks. Courtesy: TradingView After RLUSD’s approval, XRP formed an immediate reversal on the charts, pushing the price above $2.30. It has formed a bullish hammer candle showing buying from the demand area. Currently, Ripple (XRP) is trading above its multiyear high of $2, and with this news, bulls can again take over, forming a reversal pattern on the charts. …
Filed under: News - @ December 14, 2024 9:26 am