Ethereum and Ripple Drops To Lower Levels, Popular DeFi Coin Poised To 2x Upon Launch
The Ethereum price has dipped to $2.3k following a recent downtrend from the $2.5k resistance level. Similarly, the Ripple price could fall below $2 in the coming months. While these altcoins are still trying to recover their losses, there is one DeFi project that is on the rise—DTX Exchange (DTX).
DTX Exchange is an upcoming trading with a unique trading model and record-breaking presale. Over 700,000 users have joined the platform which is set to launch its native coin soon. Interestingly, the price of DTX will skyrocket by 2x upon launch, positioning it as one of the best cryptos to buy now.
DTX Exchange (DTX) Price Set To 2x As Presale Figures Soars
The Ethereum price could fall to former lows in the coming weeks if the ongoing market decline lingers. Such a possibility has pushed investors to promising new DeFi projects like DTX Exchange (DTX). DTX Exchange’s cryptocurrency ICO has been successful with more than $15.2 million raised and over 700,000 users in the community. The price of the DTX token is currently at $0.18.
The price of the DeFi coin is expected to skyrocket by 2x upon launch, making it a top crypto to buy now for those who want to double their investments. DTX Exchange is revolutionizing the trading world through the integration of centralized and decentralized trading through a hybrid platform. DTX is a trading platform based on the fast and secure VulcanX blockchain with a transaction speed of over 200k per second.
VulcanX allows users to seamlessly trade over 120k asset classes, including cryptocurrencies, stocks, forex, and ETFs on DTX. Another significant advantage of DTX Exchange is high leverage reaching up to 1000:1, which allows traders to open large positions in various markets. This, coupled with the multiple, opens up global markets to anyone with a desire to diversify their portfolio regardless of geographical location.
Ethereum (ETH) Price Plummets To Lower Support
The Ethereum price has tested the $2.3k level after facing resistance at the $2.5k region. While the Ethereum price has bounced off the support, it is not out of danger yet. Any more decline could bring it back to retest the level and if support fails, the Ethereum price might fall to the $2k level.
Meanwhile, the altcoin has been on a steady decline over the past week after failing to cross the $2.8k region twice. CoinMarketCap data reveals the Ethereum price has fallen by 13.4% on the weekly timeframe and 14.4% on the biweekly chart. Despite the decline, whales continue to accumulate ETH.
According to CryptoGoos, Trump’s World Liberty Financial now holds over $500 million worth of ETH. Looking forward, MerlijnTrader notes that the Ethereum price mirrors its breakout price pattern from 2020. They expect the Ethereum price to break out of triangular formation and soar to $5,700.
Ripple (XRP) Risks Losing $2 Region
The XRP price could be testing the $2.00 level in the coming days if the downtrend in the market continues. CoinMarketCap price info indicates the XRP price has been trading between $2.3 level and $2.1 in the past two days. It is only a matter of time before the altcoin price drops to $2.0, a move that could increase the FUD in the market.
Meanwhile, CryptoWZRD says the XRP price might rally to $3.6 in the next few weeks. In the meantime, the analyst notes the XRP price has major support around the $2.1 level which could offer a cushion in the case of a downtrend.
On the upside, CryptoWZRD notes the XRP price has resistances around $2.34 and $2.60. If the XRP price surpasses these zones, the altcoin could spark a rally to the major target of $3.6, the analyst added. Technical indicators like the Williams Percent Range (14) and Stochastic Fast (14) are in the buying region and support an XRP price surge.
Why This DeFi Crypto is a Good Investment
As the Ethereum price struggles to overcome the resistance level, DTX Exchange’s upcoming launch provides a good opportunity for investors to 2x their investments. This is an avenue that smart investors are capitalizing on to recover their losses from the recent market correction.
Find out more information about DTX Exchange (DTX) by visiting the links below:
