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, however, Litecoin’s (LTC) financial performance is lagging despite its increased activity. This does not reflect the impressive gains made by Bitcoin and Ethereum.
DTX Exchange challenges the rising price of XRP and LTC blockchain business with its innovative features. The platform’s pre-sale fundraising reached nearly $750,000 during the second stage of its pre-sale.
Ripple Unlocks Billions of XRP Tokens: XRP Price Faces Drop
The upcoming release of XRP tokens involves two separate unlocks. The first unlock comes from the “Ripple (24)” escrow consisting of 100 million and 400 million tokens, and an additional 500 million tokens come from “Ripple (25)”.
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 an escrow that is expected to open in September 2027. Additionally, 200 million XRP was set aside for sales, marking the largest monthly sale to date with 400 million tokens.
The influx of newly launched tokens has led to increased selling pressure on XRP. Only five out of fourteen sales resulted in positive price movements. The price of XRP suffered until the third quarter of 2024, with a few exceptions. XRP price has seen downward trends highlighted by negative monthly outlooks in four of the first six months. The June 1 unlock also caused a drop in XRP prices.
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 while Bitcoin and Ethereum have increased significantly – by 103% and 78%, respectively – LTC is down about 20% since the beginning of the year. The reasons behind Litecoin’s (LTC) strong transaction activity, in contrast to its lagging price performance, are called into question by this divergence.
The discrepancy between Litecoin (LTC) market cap and blockchain activity is an intriguing oddity. Several factors could be attributed to this state of affairs, such as investor behavior, market sentiment, and perhaps Litecoin’s (LTC) utility 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 rate, 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 has rocked the crypto industry by raising around $750,000 at the start of the second stage of its presale. It has received massive support from investors who are eagerly snapping up the token at $0.04. The current price of the token looks very promising, considering its ROI.
In addition to saving money on trading fees, holders gain 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 impending announcement of a giveaway.
Key takeaways
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.