Ripple, Litecoin lose yearly gains in single week, traders jump ship to DTX

While Ripple (XRP) and Litecoin (LTC) prices hover at yearly lows, DTX Exchange (DTX) emerges as a safer option for investors.

After the Japanese stock market crashed and caused a worldwide crash in various economic sectors, Ripple and Litecoin emerged as top losers. Despite a price recovery today, the prices of both projects lie way below the 2023 levels, suffering from historical losses and investor offloading.

On the other hand, DTX Exchange holders remain calm with consistent capital influx in the batch 2 presale. The surging demand for DTX hybrid features and 1000x leverage readies it to surpass cryptos like Ripple and Litecoin once it hits the mainnet.

DTX Exchange appeals large traders with $1.2m presale

DTX Exchange is a high-performing and cutting-edge trading platform, set to turn tables for existing marketplaces with conventional trading schemas. It has robust AI technology and a hybrid model to solve security and liquidity issues. And this has helped place DTX Exchange as a top contender among the ICOs in 2024 with record-breaking presale performance.

The hybrid DTX platform makes waves in the defi sector with the 1000x leverage and advanced automation strategies, leveraging quant and algo trading options with real-time market analytics. The platform has pioneered merging the spot pairs of stocks and cryptos, gaining investors from both sectors as an all-in-one trading platform.

The project has raised $1.2 million in batch 2 of the public presale after closing the private presale round at $2 million, following surging global demand for its passive income model, gas-free trading, and blockchain layer-1 backed security schemas. The platforms also offer a sleek modern UI for traders to seamlessly navigate through different features and organize strategies for better profitability.

The success of DTX Exchange is attributed to its commitment to community growth and user engagement through governance rights. DTX token is priced at $0.04 in stage 2. Market insiders believe that the DTX token presents an enticing opportunity for early adopters as the price can surge beyond $1 once the token lists on major CEX platforms.

Litecoin’s lackluster performance leads price to ruins

The Litecoin price continues to rise from lower price levels. However, the impact of a market outrun has been quite severe for Litecoin. And this has left investors in huge losses and liquidations. The price has dipped by 22% on the weekly timeframe, with a 50% drop in transactional volume.

According to market analysis, Litecoin has traded strongly above the $85 support level for the past 4 months, but, the recent price slump has created new barriers. Litecoin trades at $57.2, failing multiple times to clear past the $58 resistance in the past 24 hours.

Market analysts forecast rising bears for the Litecoin price despite a 4% value appreciation on the intraday chart. As the dust around economic conditions is yet to settle, the price might move in a sideways trend between the $55 – $60 zone for the next few days.

Struggle of Ripple to surpass $0.60 ends in disarray

Ripple faced a significant impact during the recent market crash because of its prolonged battle with bearish trends in 2024. After a brief struggle to surge past $0.60, following an extended period of resistance at the $0.55 level, the recent market crash has erased all yearly gains, with the price again hovering at $0.51.

Reports suggest that whales are pushing hard to control bearish sentiment around Ripple. This is evidenced by a 40% drop in trading volume and lower RSI values. Despite surging optimism, analysts are voicing caution for short-term trading in Ripple as the price might plunge to the $0.45 support level in the next few days.

To learn more about DTX, visit the website, engage in the presale, and join the DTX community.