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The post Solana (SOL) and Ripple (XRP) Price Prediction: FOMO Hits Investors as DTX Exchange Hits the $7M Fundraising Goal appeared first on Coinpedia Fintech News
Bitcoin (BTC), the flagship crypto, crossed $89,000, recording another peak. With altcoins following closely behind and poised for a parabolic run after BTC’s dominance declines, this post will cover the Solana (SOL) and Ripple (XRP) price predictions.
Meanwhile, another token in the spotlight is DTX Exchange (DTX). It is among the fast-rising new ICOs, capturing investor interest with its intriguing blend of DeFi and TradFi. With over $7.3 million raised in early funding and its debut approaching, investors have been flocking in droves to become early adopters.
DTX Exchange (DTX): FOMO Grows as Launch Nears
DTX Exchange (DTX), hailed as this quarter’s best presale after hitting the $7 million fundraising milestone, is a promising wave not to miss. The rising interest can be linked to several factors, from its novelty as a blend of TradFi and DeFi to its significant growth prospects.
Unlike existing players, it takes a different approach by building the world’s first hybrid trading platform. At its heart will be a unified Layer-1 blockchain, which will integrate conventional financial instruments with Web3 products. By allowing the trading of diverse asset classes across forex, stocks, ETFs, bonds and cryptocurrencies through a unified wallet, it will promote financial inclusion and global accessibility.
The above will see it become a strong contender in the $3.2 billion global trading market, contributing to its appeal as one of the best new cryptos to invest in. With adoption imminent, investors have been betting big. In round four of the ICO, a token costs only $0.08, having increased by over 100% since its debut. Besides its budget-friendliness, analysts project a 25x rally before the year’s end—a better alternative to Solana (SOL) and Ripple (XRP).
Solana (SOL) Crossed $220
Solana (SOL), one of the top crypto coins, trades upward, maintaining its bullish momentum. It is in profit on CoinMarketCap, trading in tandem with the wider crypto market as Bitcoin (BTC) registered a new peak above $89,000.
The Solana price crossed $220 this week—a 40% rally on the weekly charts. This continues its upswing in the past 30 days, recording more than 50% gain. During these timeframes, it edges out BTC, highlighting rising interest in altcoins. How high can it go?
Corné Marchand, a crypto analyst, identified $248 as Solana’s biggest obstacle. Flipping this level will, according to him, lead to a parabolic run; the first target will be $360 and a run to $900 and $1,000 during this bull cycle.
This sentiment is also shared by Arcanic, whose Solana price prediction is set to $420. Meanwhile, the SOL price trades above the 10-EMA ($198.85), suggesting further upswings—a top crypto to invest in.
Ripple (XRP) Eyes New ATHs
Ripple (XRP), a top altcoin, is one of this month’s surprising winners, considering the ongoing legal sparring with the US SEC. Its recent price actions do not indicate regulatory uncertainties as it trades alongside the wider crypto market.
In profit, the XRP price is up by over 20% on the weekly timeframe, retailing above $0.61. The price has increased by more than 14% in the past month, regaining lost footings. As it prepares for a breakout above the $0.64 resistance, it is one of the altcoins to watch.
A bold price forecast was recently made by analyst STEPH IS CRYPTO; their 2024-2025 XRP price prediction is $33. Meanwhile, CoinsKid’s forecast is a bit modest. According to their analysis, the altcoin may be carving out an inverse head and shoulder on the weekly chart and a close above $0.66 might push it to $1.15 and new ATHs.
Backing these bullish sentiments are key technical indicators. The XRP coin price trading above the 10-EMA and 10-SMA are bullish indicators, suggesting further upticks.
Why DTX Exchange (DTX) is an Altcoin to Watch Despite Solana (SOL) and Ripple (XRP) Upswings
DTX Exchange (DTX) is an emerging cryptocurrency with staggering potential. A prospective 25x rally before the year’s end makes it arguably a better crypto pick ahead of Solana (SOL) and Ripple (XRP), not to mention its blend of DeFi and TradFi.
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