DeFi
Expert Says This New DeFi Exchange Could Challenge XRP and LTC With Innovative Features and $750,000 Raised » The Merkle News
Ripple is expected to release around 1 billion XRP tokens, worth an estimated $470 million on July 1. The upcoming transaction is expected to cause the price of XRP to drop.
According to historical data, Ripple has used its escrow cash to unlock a billion tokens every month since 2017.
Litecoin (LTC) market analysis paints a mixed picture. Its blockchain activity is outperforming Bitcoin and Ethereum, but Litecoin’s (LTC) financial performance is lagging despite its increased activity. It fails to match the impressive gains made by Bitcoin and Ethereum.
DTX Exchange is challenging XRP’s price surge and LTC’s blockchain activity with its innovative features. The platform’s pre-sale fundraising has reached nearly $750,000 during the second stage of its pre-sale.
Ripple Unlocks Billions of XRP Tokens: XRP Price Faces Decline
The upcoming release of XRP tokens involves two separate releases. The first release comes from the “Ripple (24)” escrow consisting of 100 million and 400 million tokens, and an additional 500 million tokens comes from the “Ripple (25)” escrow.
This follows the June 1 release of 1 billion XRP from the same deposits. Ripple then allocated 200 million tokens for operational purposes and locked the rest in a repository that is expected to open in September 2027. Additionally, 200 million XRP was reserved for sales, marking the largest monthly sale to date with 400 million tokens.
The influx of newly launched tokens led to increased selling pressure on XRP. Only five out of fourteen sell-offs resulted in positive price action. XRP price suffered through Q3 2024, with a few exceptions. XRP price has been on a downward trend, highlighted by negative monthly outlooks in four of the first six months. The June 1 unlock also caused XRP prices to decline.
Litecoin (LTC) leads blockchain activity but suffers from market performance
Despite a vibrant and growing user base, Litecoin (LTC) is being overshadowed by emerging projects like DTX Exchange. LTC still continues to demonstrate strong engagement within its network.
Coingecko shows that even though Bitcoin and Ethereum have increased significantly (by 103% and 78% respectively), LTC has declined by around 20% since the start of the year. The reasons for Litecoin’s (LTC) high transaction activity relative to its lagging price performance are called into question by this divergence.
The discrepancy between Litecoin (LTC) market value and blockchain activity is an intriguing oddity. Several factors could be blamed for this, such as investor behavior, market sentiment, and perhaps Litecoin’s (LTC) usefulness as a transactional currency rather than simply a speculative asset.
The fact that Litecoin (LTC) is designed to be a faster, lighter alternative to Bitcoin may be a factor in its increased usage rates, especially for smaller, more frequent transactions.
DTX Exchange Becomes Invincible with its Pre-Sale and Innovative Features
DTX Stock Exchange continues to outperform major giants in the crypto space due to its innovative features. The platform is becoming a tsunami in the crypto space with its hybrid trading model, non-custodial wallets, distributed liquidity pools, and 18,000 TPS speed. The trading platform protects user data by adhering to strict privacy policies and implementing robust security measures to thwart potential attacks.
The trading platform shook the cryptocurrency industry by raising around $750,000 at the start of the second stage of its pre-sale. It has received massive support from investors who are happily snapping up the token at $0.04. The current price of the token looks very promising, considering its return on investment.
In addition to saving on transaction fees, holders have access to exclusive features. With the release of VulcanX, gas fees have been removed. Potential airdrops are also available for DTX token holders. An additional element that attracts investors to DTX is the imminent announcement of a giveaway.
Key points to remember
XRP price is expected to plummet following Ripple’s upcoming token release. Litecoin (LTC) is failing to perform well in the bull run despite strong blockchain activity. DTX Exchange, however, is defying the downward trends by raising around $750,000 in its presale.
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Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.