Crypto Gloom

Ripple could make history after new SEC Chairman, XRP price…

Could Ripple make history after new SEC chairman and could XRP price reach $5 next month?

Ripple (XRP) is receiving further upward pressure following news of the upcoming ETF approval. The market has surged as overall news about the token remains positive and trading activity is high.

Meanwhile, DTX Exchange (DTX) is gaining attention among investors everywhere as a cheaper and more efficient trading alternative. This emerging cryptocurrency is positioned as a cross between TradFi and DeFi and offers a lot of potential, generating huge demand and interest. DTX Exchange (DTX) achieved $8.8 million in pre-sale funding in five pre-sale rounds as word spread about its ETF trading capabilities.

Ripple Starts Speculation for XRP ETF in 2025

XRP has been in the news for three weeks in a row in November. Demand for Ripple is high as the possibility of an XRP ETF rises over the weekend. Ripple CEO Brad Garlinghouse emphasized that an XRP ETF is inevitable once there is legal clarity on its non-security classification.

This coincides with the WisdomTree filing for the XRP ETF, and the ETF activity trended as Bitwise launched the Bitwise Physical XRP price also received a boost following the announcement of a partnership with Archax for the XRP Ledger’s first tokenized money market fund. This new development will enable tokenized access to Abrdn’s $3.8 billion liquidity fund for investors.

Ripple, Can Ripple Make History After New SEC Chairman, Can XRP Price Reach $5 Next Month?

Source: CoinMarketCap

All this activity should have meant that the price of XRP would skyrocket, but that is not the case. The price of XRP has risen less than 20% in the past week and is hovering around $1.6. Experts say the next resistance level will be $1.8. This makes DTX Exchange a more stable option, with growth rates for pre-sale phases 5 and 6 pegged at 20%.

DTX Exchange launches ETF trading function, increasing number of investors

In the same week, DTX Exchange attracted tremendous investor interest due to expectations of an ETF trading feature that would effectively connect Ripple to the new DEX platform. DTX Exchange is gaining market traction with its upcoming hybrid trading platform that is free from all the limitations of centralized and decentralized systems. By adopting a non-custodial approach, users own their assets and private keys.

Unlike most platforms, DTX Exchange offers more options across all markets, including cryptocurrencies, ETFs, financial products, and tokenized real-world assets. This single feature has fueled the popularity of the platform, which is evident in the thousands of Phoenix Wallet downloads. Leverage options of up to 1,000x and support for AI trading tools allow users to take advantage of even the smallest market movements.

The price of DTX tokens is currently $0.1 per token. Investors will have access to loyalty rewards, staking opportunities, and an exclusive VIP rebate initiative that returns 3% of weekly profits to large holders. With $8.8 million already raised, the revenue potential is significant.

conclusion

Despite Ripple (XRP) dominating the news these days, the ICO to watch is DTX Exchange (DTX). With up to 100x upside potential after launch, this cryptocurrency is included in our list of best new cryptocurrencies to invest in. Additionally, the impending changes to the global trading scene make it one of the new DeFi projects to keep an eye on.

To learn more about the DTX Exchange ecosystem, check out:
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