Investors are constantly searching for opportunities to maximize gains—a never-ending quest. Following the recent market downturn and anticipated bounceback, traders have been betting on Ripple (XRP) and TRON (TRX) for substantial ROIs. But are they barking up the wrong tree or are these good bets?
Meanwhile, sentiments shift to DTX Exchange (DTX), a new altcoin at the crossroads between TradFi and DeFi. It also combines the best elements of CEX and DEX—a hybrid platform aiming to address critical challenges faced by traders and conventional trading platforms.
DTX Exchange (DTX): A New DeFi Project to Bet on Instead of Top Altcoins?
DTX Exchange (DTX) is a novel token and hybrid exchange protocol aiming to shake up the $10 billion global trading market. It stands out from existing players courtesy of its hybrid approach, combining key features of centralized and decentralized exchanges.
Also standing at the intersection of traditional and decentralized finance, it aims to become a one-stop platform where several asset classes can be traded. Users can trade over 120,000 financial instruments across stocks, ETFs, bonds, commodities, tokenized assets and cryptocurrencies with a single wallet.
Given its impending adoption, it is a worthy contender against top crypto coins like XRP and TRON. The ongoing presale offers a huge discount, priced at $0.06 per token in the 3rd round. Meanwhile, analysts project a 65x uptick after its market debut, contributing to the over $2.2 million raised in early funding.
Ripple (XRP): Eyes a 5X Jump
Ripple (XRP), one of the top-ten altcoins, is constantly in the spotlight, even if not for good reasons. It made more headlines this year due to the legal tussle with the SEC—a four-year-long battle. However, a final verdict was given last month (a $125 million penalty), ending one of the toughest and longest regulatory battles in the crypto space.
Between the legal standoff and the wider market’s downturn, the XRP price took a big hit—80% below its 2018 all-time high of $3.84. It hasn’t fared much better this year, down by 5% on the weekly chart.
However, given the notable decline from its peak, which leaves plenty of room for growth and its regulatory clarity, investors have been betting big. An XRP price prediction hints at a 5x jump from the current price. While this might sound ambitious, it isn’t impossible, making it an altcoin to watch out for.
TRON (TRX): On Track for Price Discoveries
TRON (TRX), a top altcoin, is one of, or perhaps the biggest surprise this year. Often likened to a stablecoin given its underwhelming performance, it pulled one of the biggest upsets this year, up by 100% on the yearly chart. With more to come, especially with the buzz around TRON memes, it isn’t surprising that investors have been loading up.
The TRON price currently hovers above $0.15, over 40% down from its 2018 ATH of $0.3. This suggests plenty of room to run, placing it on investors’ radars. Rising interest in memes and an overall market bounce will be crucial to the next leg of its bull run.
According to forecasts, the TRON crypto is on track for a 5x leap by the peak of this bull market. While it might not be as shiny or attractive as new altcoins, sentiment is optimistic and confident, positioning it among the best altcoins to invest in.
Conclusion
While XRP and TRON might pull a 5x uptick from their current prices, DTX Exchange promises more, being an emerging cryptocurrency. Analysts project a 65x upswing after its launch, making it a more compelling alternative to top altcoins.
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