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The crypto market is currently experiencing price volatility as top altcoins like Ripple (XRP) bulls struggle to maintain their position above $0.5. Meanwhile, investors are gearing up for a new project, DTX Exchange.
Analysts say this coin, which is priced below $0.1, could give investors 10x ROI before the end of the year. On the other hand, coming to a political surprise, the founder of Tron (TRX) has become the Prime Minister of Liberland.
Ripple (XRP) Introduces Crypto Custody Services for Banks
According to a recent report, the fintech giant Ripple (XRP) has entered the crypto custody market in a big way. It plans to launch crypto custodial services to help banks and financial technology companies manage digital assets for clients. The company will introduce many services, such as basic operational and policy settings, XRP ledger integration, risks for anti-money laundering compliance, and a simple and more intuitive user interface.
In other news, Ripple XRP has seen a little uptick on the weekly price chart. The cryptocurrency, which has suffered losses in the past week, is showing resilience as bulls defend the $0.5 region. Going forward, the Ripple coin has an immediate resistance at the 200-SMA ($0.554372). Crossing this level could increase buyers’ confidence in the coming weeks. Analysts forecast that the Ripple price could soar to $0.634277 in the coming weeks.
Tron (TRX) Founder Made Prime Minister of Liberland, TRX Rally Coming?
Justin Sun, the founder of the Tron network, has been appointed as Prime Minister of Liberland. The sovereign state announced the news in a press release on Tuesday. Interestingly, Liberland is a crypto-focused country and is the first to adopt Bitcoin as its official currency. Sun’s new role could bring more crypto innovation to the country.
In the meantime, the Tron coin continues to consolidate within a narrow range on the weekly chart. According to data from CoinMarketCap, the price of the cryptocurrency has been trading between $0.15 and $0.16 during this period.
Despite the price consolidation, Tron crypto is trading above the 50-SMA ($0.15331) and 200-SMA ($0.133793). The cryptocurrency would have to break out of the range to begin an uptrend. Analysts forecast the value of Tron (TRX) could increase to $0.18934 in the next few weeks.
DTX Exchange (DTX) Set To Rise By 10x Before the End of Q4
DTX Exchange (DTX) is a project that has attracted people’s attention with its presale performance. The project has attracted over $4.1 million and has given early supporters 200% ROI. Currently priced at $0.06, analysts forecast a price increase of 10x in the coming months. Basically, DTX Exchange is a hybrid exchange that aims to offer new solutions to the online trading sector. DTX Exchange does not adhere to the traditional KYC process that exists in centralized exchanges.
This makes it possible for the trader to trade more than 120,000 financial instruments, including gold, CFDs, ETFs, cryptos, and forex, all without having to do KYC. Thus, DTX will give users easy access to the $714.7 trillion OTC derivatives market. Besides this, the DTX Exchange provides 1000x leverage that allows traders to earn huge profits with little invested amount.
Moreover, the platform is one of the leading platforms that has incorporated AI technology into its service delivery. This integration enables traders to trade using complex tools, giving them a chance to earn more profits. In addition, DTX Exchange enhances liquidity by making separate liquidity pools to ensure minimum slippage.
Why Investors Consider DTX the Best Crypto To Buy Above TRON and XRP
Currently priced below $0.1 and with the ability to rally by 10x, the DTX Exchange is gradually gaining popularity among investors. Analysts have tagged it the best cryptocurrency to hold for long-term gains ahead of Tron (TRX) and Ripple (XRP) due to its unique features and connection to the OTC derivatives market.
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
