Whale Sell-off On XRP And BNB But DTX Exchange (DTX) Becomes Primary Investment Target For The Bull Run

Resistance is rife in the crypto market, as BNB and Ripple (XRP), among other top altcoins, are trading in reverse. Their charts are notably bearish, and their traders might be jumping ship soon.

Despite the declining market, projects like DTX Exchange (DTX) are tipped for gains this year. The token is offering DeFi features with huge potential for profits.

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.

BNB Inches Towards Resistance: Consolidation or Pump Ahead?

BNB had one of the worst declines at the end of September 2024, as the token switched from a bull run at about $612 to a bearish spiral that didn’t end until $540. The rejection forced BNB into a consolidation zone, but the recent recovery has helped it to some bullish streak.

BNB is exchanging for about $582.44, moving up to 5.59% gains for the past week. While the token closes in on its Exponential Moving Averages, BNB traders should be wary of possible reversal from the $612 level.

The recovery could go on a bull run should the BNB bulls drive the token price past the $607 level. Another rejection, however, would see the token fall into consolidation again.

Ripple’s XRP Losses Accumulate With the SEC Pressure

The XRP price has been influenced by court decisions and appeals from the US SEC for over two years now, a situation that has left the token struggling within a given range. Another bearish episode is brewing with the latest SEC appeal.

The commission made a recent appeal declaring Ripple tokens as unregistered security if they are sold to institutional traders but registered security if they are sold to crypto investors on exchanges. The back-and-forth on the case, especially when a resolution seems so close, is encouraging more sell-offs on Ripple.

The XRP price currently stands at $0.529 each, dumping about 11.8% of their value in the past week. The Net Realized Profit/Loss indicates that more traders are dumping their XRP for better tokens.

A New Standard in Trading Platforms: DTX Exchange’s Innovative Features

The ongoing DTX presale is proof of increased adoption across the crypto-verse, particularly among traders. And it’s not surprising; with features like that, it would be a little alarming if the DTX tokens weren’t selling out fast.

First, a community to cater to newbies. DTX Exchange, unlike many other trading platforms, offers beginner traders a chance to learn the ropes from more experienced, more successful traders than them. And no, there won’t be hour-length videos or virtual ‘academies’–newbies will, quite literally, learn on the job.

There are social trading and copy trading features on DTX Exchange, where the new traders pair with their preferred ‘mentors’ and copy their trades and strategies. Passive learning makes for faster, more effective trading education; the newbies could be pros before the week runs out.

And with gradual success comes even more reward, courtesy of the DTX Black Club. Accumulate up to $10,000 in your trading wallet and access daily and weekly bonuses on DTX Exchange.

The DTX Presale Raises $3.5 Million Ahead of a Bull Run

DTX’s public presale is in Stage 3. The presale has generated over $3.5 million as investors and whales from around the crypto market, including Ripple and BNB investors, take position ahead of the bull run.

Learn more: 

Buy Presale

Visit DTX Website

Join The DTX Community

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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.