The crypto markets are tending mainly bearish, with the traditionally active Christmas season filled with red charts. Investors are cautious, and the charts are reflecting consolidation in most coins.
With the industry leader, Bitcoin (BTC), still trading below $95,000, most altcoins are also hovering horizontally with negligible upward movement. Top performers like XRP are also hovering as markets consolidate. Technically strong Cardano (ADA) did not surge too high during the post-election rallies due to its technical issues, and it is under consolidation as its network works to improve internal issues and address community concerns.
Investors who are tired of waiting for these altcoins to regain their momentum are picking up DTX Exchange (DTX). This is a low-cap, high-yield gem with its innovative trading format and technically strong product offering. DTX Exchange (DTX) offers high growth potential, having already delivered 500% growth for its early investors. Its tokens are available for $0.14, up from $0.02.
Ripple (XRP) Sustains $2 As Volumes Rise
Ripple (XRP) has been the star of the post-election surge as it gained prominence due to its regulatory run-ins with the Securities and Exchange Commission (SEC). The resignation of current SEC Chair Gary Gensler in January led to optimism within the crypto community.
Source: CoinMarketCap
Ripple’s multiple operational achievements, like the launch of a European ETF for the XRP token and the approval of Ripple’s RLUSD, also helped boost price momentum. However, markets turned bearish after the FOMC meeting in mid-December, and the XRP price also dropped.
XRP dropped 8% in the weekly charts and is trading around $2.07. Despite this, XRP’s trading volume is up by 39%, usually seen as a sign of consolidation before another bullish run.
Cardano (ADA) Consolidating As Price Sustains $0.8
Cardano has been troubled throughout most of December with its internal governance and technical issues. However, it is still one of the top altcoins to invest in. Industry experts also share this sentiment, keeping it one of the altcoins to keep over the long term.
Source: CoinMarketCap
CoinMarketCap reports that whales have accumulated over 20 million ADA in the past 48 hours, strengthening these claims. As of now, Cardano is trading at $0.84, down almost 3% in the past 24 hours. Its market cap is $29.63 billion, with 24-hour trading volume up 13 %, reaching $879.56 million.
Industry experts claim that the $0.80 is a key lower price resistance and the $0.88 is the upper resistance, which the market has tried to beat several times unsuccessfully.
DTX Exchange: Asset Management Gem
DTX Exchange (DTX) is a hybrid trading platform that can be the next big thing for crypto with its expected transformation of the global trading scene. Its innovative fusion of traditional finance with DeFi is groundbreaking and poised to overtake popular coins like Ripple (XRP) and Cardano (ADA).
Competitively priced at $0.14 in its seventh ICO stage, it is still budget-friendly, even though people missed out on picking it up at a bargain price of $0.02. it is projected to surge 100x more as it launches and lists on Tier-1 exchanges. These projections make it a good crypto to buy, edging out large caps options like Ripple (XRP) and Cardano (ADA).
The USP is that users will not need to shuffle between different platforms for their asset management. DTX Exchange (DTX) will be a one-stop platform for all trading needs.
Conclusion
DTX Exchange is the world’s first hybrid trading platform, and its novel trading protocol makes it the first crypto-native platform to offer stocks, forex, ETFs, and thousands of currency pairs.
Investors who are tired of waiting for Ripple (XRP) and Cardano (ADA) to regain their momentum can pick up DTX Exchange (DTX). This is a low-cap, high-yield gem with its innovative trading format and technically strong product offering.
To know more about the DTX Exchange ecosystem, Check out: