Don’t Regret Missing This Viral $0.10 Altcoin Before It Goes Parabolic Like XRP Price This Week

DTX Exchange (DTX) goes viral after its CoinMarketCap listing draws millions from Solana whales. Analysts think it might breakout like Ripple’s XRP in 2025.

As a hybrid exchange that allows users to trade cryptos, forex, equities, and contract-for-differences (CFDs), DTX Exchange (DTX) features cutting-edge infrastructure and highly lucrative trading features to provide unparalleled opportunities to its users. So far, this next-gen platform has beaten several memecoin projects, and Ripple’s XRP might be next.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Ripple’s XRP Soars Past USDT: Becomes Third-Largest Crypto Cap

Ripple’s XRP jumped 30% on Monday and surpassed USDT in market cap, becoming the third-largest cryptocurrency. The surge extended a multiweek rally fueled by recent catalysts. The token last traded at around $2.46, up 77% in a week and over 375% in a month. Its market cap hit $137.4 billion, overtaking USDT’s $134.3 billion by a notable margin.

Ripple Eyes NYDFS Approval for RLUSD Stablecoin, Targets Dec. 4 Launch

Analysts link the token’s recent strength to news that the New York Department of Financial Services (NYDFS) may soon approve Ripple’s RLUSD stablecoin. According to Fox Business, insiders suggest NYDFS could greenlight RLUSD, with Ripple targeting a Dec. 4 launch.

This approval would let Ripple enter New York’s strict digital finance market, boosting its standing in the stablecoin ecosystem. RLUSD would position Ripple to compete directly with major stablecoins like Tether’s USDT and Circle’s USDC. Ripple plans to integrate RLUSD into its RippleNet payment platform to speed up and lower the cost of cross-border payments.

The stablecoin is set to act as a liquidity bridge in Ripple’s network, complementing XRP, which has faced regulatory hurdles in the US.

XRP ETF Hopes Rise As Issuers Await SEC Approval 

XRP’s price momentum began in early November after Republican wins in the US elections boosted confidence in US-linked cryptocurrencies like Ripple Labs’ XRP. Additionally, investors anticipate an XRP exchange-traded fund (ETF) in the US, fueled by hopes for a more lenient regulatory environment.

No XRP ETF has launched yet in the US, but potential issuers are preparing for favorable regulatory developments. Approval could mark a significant step in making XRP accessible through traditional investment channels. Another factor in XRP’s surge is SEC Chair Gary Gensler’s recent announcement that he will resign in January.

His departure might impact Ripple’s ongoing legal battle with the SEC over allegations of selling unregistered securities. The SEC sued Ripple Labs in Dec. 2020, accusing the company of selling XRP without registering it as a security. This lawsuit severely impacted XRP’s market position and value, leading to delistings on many exchanges and a sharp drop in price.

DTX Exchange (DTX) Eyes Potential $0.20 Grand Listing

As the first trading platform to combine stocks, crypto, and forex assets under a single platform, DTX Exchange (DTX) allows traders to access up to 1,000x leverage and trade over 100,000 trading instruments. Such trading flexibility and cutting-edge L1 blockchain protocol have opened grounds for the platform to eye a potential grand listing in the near term.

Unlike typical trading platforms, DTX Exchange (DTX) is backed by the Vulcan X blockchain that powers a suite of DeFi tools. Additionally, DTX Exchange also allows early backers to have governance rights, profit shares, and potential airdrops in the future. As a rewarding platform, DTX Exchange (DTX) deploys a no-commission policy in the network to benefit its users.

This deFi Platform Could Be Your Golden Ticket In 2025!

As a licensed platform, DTX Exchange (DTX) adheres to established quality standards and ensures that safety and security are paramount to data management. Additionally, the platform has been audited by the leading 3rd party platform, SolidProof. This ensures end-to-end user data encryption to prevent any potential data breaches and hacker attacks.

While Ripple’s XRP isn’t slowing down in its network, DTX Exchange (DTX) is also strongly backed by its loyal community. So far, the platform has risen to prominence with its mind-blowing product launches and is poised to keep up with the evolving demands of traders to offer an all-in-one hybrid crypto trading platform for everyone. Join now!

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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.