The post DTX Rises as a 50x Investment Amid Toncoin & Ripple’s Struggles appeared on BitcoinEthereumNews.com.

Toncoin (TON) and Ripple (XRP) have faced significant price declines recently due to regulatory issues and policy changes. Investors are seeking alternatives that offer both growth potential and accessibility. With a possible 50x return, DTX Exchange (DTX) is one of the most interesting investment opportunities in this erratic market. Toncoin Tumbles: Telegram’s Policy Shift Sparks Bearish Sentiment Toncoin (TON) has recently faced significant bearish pressure, reflecting an 8.55% price decline over the past week. This downturn is evident in the one-week chart, highlighting a notable correction. Investor anxiety may have been fueled by policy changes announced by Telegram, the network that supports Toncoin (TON). Concerns regarding the coin’s utility and potential regulatory challenges could also be eroding market confidence. Toncoin (TON) is nearing its 50-day Simple Moving Average (SMA), a critical resistance point at $5.76. The 20-day Exponential Moving Average (EMA) is currently at $5.47. A breakout above the 50-day SMA could trigger a potential 20% price increase. Conversely, failure to surpass this resistance may lead the price to fall back to the 20-day EMA support level. Ripple (XRP) Under Fire: SEC Appeal Sparks 9.78% Weekly Plunge Despite Bitwise, an asset manager, submitting an application for an exchange-traded fund (ETF) that specifically focuses on investing in XRP, Ripple’s native token finds itself under bearish pressure following the SEC’s decision to appeal a key ruling. On October 2, the SEC filed an appeal to overturn Judge Torres’ 2023 ruling, which determined that secondary sales of Ripple (XRP) tokens were not classified as securities, failing to meet all the criteria of the SEC’s Howey test. The appeal notice, shared by defense lawyer James Filan on X, adds a layer of unpredictability to Ripple’s (XRP) legal journey. The weekly price movement of Ripple (XRP) reflects this negative sentiment, with the price dropping by…

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Filed under: News - @ October 4, 2024 5:26 pm