Experts Believe This $0.06 DeFi Coin Will Lead Market Gains Before XRP And BNB Return To Bullish Trends

Discover why experts predict the $0.06 DeFi coin DTX Exchange will lead market gains in October 2024, outpacing XRP and BNB.

In the dynamic cryptocurrency market, experts have discovered a rising star that will lead market gains before Ripple (XRP) and BNB return to bullish trends. The $0.06 DeFi coin has gained massive attention with its presale success and innovative platform features. Offering up to 1000x leverage and AI-powered automation, the DeFi coin will take the market by storm.

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While XRP and BNB face hurdles, analysts say the new coin will lead the charge in October’s crypto market recovery. Here is why!

DTX Exchange Will Lead October Market Gains, Say Experts

Amidst the uncertainties rocking the XRP and BNB markets, experts believe DTX Exchange will lead the market gains in October 2024. The groundbreaking DTX Exchange is currently a top trend in the crypto industry, mostly with its presale selling out quickly.

DTX Exchange’s top features include algo and quant trading, 1000x leverage, real-time analytics, risk management tools, and AI-powered automation strategies. With all these perks and features, analysts say the platform, powered by its low-cost trading and scalability, can grow to compete with established platforms.

The incorporation of different asset classes is complemented by decentralized smart contracts, which bypass brokers and other third parties. Investors enjoy smooth access and improved security for their investments when transacting on DTX Exchange, leveraging an impressive 120,000 financial instruments in a single platform.

Interestingly, the DTX presale has raised over $3.5 million in funding, and analysts believe it will surpass $4 million by mid-October. The growth is possible, mostly with the crypto whales buying into the presale.

Currently, in Stage 3 of its public presale, DTX is valued at $0.06, a 200% surge from the original price of $0.02. Once the public presale transitions to Stage 4, its value is expected to increase to $0.08, a 33% profit for Stage 3 investors.

In that context, YouTuber Crypto Legends insisted that DTX will gain 55x after hitting the mainstream market. Thus, the DeFi coin will lead market gains in October before XRP and BNB return to bullish trends.

Analysts Predict an XRP Rebound Despite Legal Hurdles

After keeping the XRP community in suspense up to the last minute before the October 7, 2024, deadline, the US SEC decided to appeal the ruling in the Ripple case. Stuart Alderoty, Ripple’s chief legal officer, previously said he would not be surprised if the SEC appeals. He also insisted it would not affect the legal status of the XRP token.

Following the announcement of the SEC appeal in the Ripple case, XRP’s price suffered a considerable drop. Nonetheless, several analysts and long-term Ripple proponents are not worried about the SEC’s actions and the XRP price crash. Dark Defender said XRP’s value is not determined by a legal battle, and investors should ignore the noise.

Moreover, Oscar Ramos, a popular analyst on X, is bullish on Ripple’s XRP despite the appeal. He projected a win for the firm and another embarrassing moment for SEC Chair Gary Gensler.

On October 4, XRP was trading at $0.5245, down 10.49% in the past week. Analysts say XRP will rebound to $0.5685 this month, supported by increased buying pressure. Despite the expected recovery, analysts say DTX will lead market gains in October.

BNB Struggles After Multiple Rejections at the $612 Resistance

BNB retested and was rejected several times from its resistance zone at $612.55. It was rejected from this zone on September 27, 2024, and dropped 10.6% in the next five days. As of October 3, BNB traded around $545.15, nearing its ascending trendline.

Meanwhile, BNB’s TVL decreased from $4.8 billion on September 29 to $4.5 billion on October 3, constantly dropping since the beginning of September. This 6% plunge in TVL highlights dropping activity and interest within the BNB network.

This means that fewer users are depositing or using assets within BNB-based protocols, increasing the credibility of the bearish outlook.

Nonetheless, the bearish scenario would be invalidated if BNB gets support around the ascending trendline and rises to close above $583.15. Such a development would extend the surge to retest the daily resistance zone at $612.5.

For now, BNB is struggling to regain its upside momentum. On October 4, BNB was trading at $547.14, down 8.95% in the last week. However, analysts say BNB will rebound to $605.52 in October, powered by growing demand for the coin. Nonetheless, analysts say DTX will lead market gains this month.

DTX Exchange Leads Market Gains Amid Crypto Recovery

The $0.06 DeFi coin, DTX Exchange, will lead the market gains in October 2024, surpassing established cryptos like Ripple’s XRP and Binance’s BNB. With its advanced features, including AI-powered automation, 1000x leverage, and smart contract integration, DTX Exchange will transform the DeFi landscape.

With the regulatory challenges that XRP faces and the issues BNB has had with price resistance, experts say DTX’s momentum will stand out in the coming crypto market recovery.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.