DeFi
Expert Says This New DeFi Exchange Could Challenge XRP and LTC With Innovative Features and $750K Raised » The Merkle News
Ripple is expected to issue around 1 billion XRP tokens, worth an estimated $470 million, on July 1. It is expected that the upcoming transaction will 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.
Analysis of the Litecoin (LTC) market paints a mixed picture. Its blockchain activity surpasses that of Bitcoin and Ethereum, however, Litecoin’s (LTC) financial performance lags behind despite its increased activity. This does not reflect the impressive gains made by Bitcoin and Ethereum.
DTX Exchange challenges the ascending price of XRP and LTC blockchain business with its innovative features. The platform’s presale increase approached $750,000 during the second stage of its presale.
Ripple Unlocks Billions of XRP Tokens: XRP Price Faces Decline
The upcoming release of XRP tokens involves two separate releases. The first release comes from the “Ripple (24)” escrow consisting of 100 million and 400 million tokens, and an additional 500 million tokens comes from the “Ripple (25)” escrow.
This follows the release of 1 billion XRP from the same deposits on June 1. Ripple then allocated 200 million tokens for operational purposes and locked the rest in a depository that is set to open in September 2027. Additionally, 200 million XRP has been set aside for sales, marking the largest monthly sale to date at 400 million tokens.
The influx of newly launched tokens led to increased selling pressure on XRP. Only five out of fourteen sell-offs resulted in positive price movements. XRP price suffered through Q3 2024, with a few exceptions. XRP price experienced downtrends highlighted by negative monthly outlooks in four of the first six months. The June 1 unlock also caused XRP prices to decline.
Litecoin (LTC) leads blockchain activity but suffers from market performance
Despite a vibrant and growing user base, Litecoin (LTC) is overshadowed by emerging projects like DTX Exchange. Despite everything, LTC continues to demonstrate solid commitment within its network.
Coingecko shows that although Bitcoin and Ethereum have risen significantly – by 103% and 78%, respectively – LTC has fallen by around 20% since the start of the year. The reasons for Litecoin’s (LTC) strong trading activity, in contrast to its lagging price performance, are called into question by this divergence.
The discrepancy between Litecoin (LTC) market value and blockchain activity is an intriguing oddity. Several factors can be attributed to this state of affairs, such as investor behavior, market sentiment and perhaps the usefulness of Litecoin (LTC) as a transactional currency rather than just 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 Presale Boost and Innovative Features
DTX Stock Exchange continues to outperform major giants in the crypto space with 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 on transaction fees, holders have 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 imminent announcement of a giveaway.
Key takeaways
XRP price is expected to drop 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.