XRP, AVAX dip while whale interest in DTX Exchange propels presale to $2.4m

The cryptocurrency market saw significant declines, with Ripple and Avalanche under selling pressure, but DTX Exchange shone, raising over $2.4 million in a presale.

The crypto market has taken a dive, with many altcoins retesting levels not seen before their March rally. Ripple and Avalanche are trading on the downside amid heavy selling pressure. However, a comeback is just around the corner, making them good cryptocurrencies to buy at a significant discount.

Meanwhile, DTX Stock Exchangea new hybrid exchange protocol, raised $2.4 million in its presale. The surge in whale interest and activity can be linked to this surge in early-stage funds, which acts as a vote of confidence in its potential.

DTX Exchange: Over $2.4 Million in Funds Raised

DTX Stock Exchange This investment city has been a huge success, approaching $2.5 million in the ongoing pre-sale. This success is a testament to its unique offerings and the growing interest of retail and whales. The investment city is set to be reshaped. $3.2 billion is the size of the global trade market.It has been hailed as the next big thing.

The trading platform combines key elements of centralized and decentralized exchanges, aiming to address critical challenges such as low liquidity, lack of diversified asset classes, and financial exclusion.

The Layer-1 hybrid blockchain launched earlier this week, ready to integrate traditional financial instruments with web3 products. This increased interest in whales is not surprising given its novelty, with the ongoing presale providing the best opportunity to become an early adopter.

The token is priced at $0.06 in the third round of the ICO. Analysts expect a 55x surge after its market debut, making it an altcoin to watch ahead of established players like XRP and Avalanche.

Ripple: Down 2% on Weekly Chart

rippleBitcoin, a payment-based cryptocurrency, is among the most popular names in the crypto space. It has been making headlines for most of this year, if only because of its legal battle with the US Securities and Exchange Commission. With a final court ruling and a clearer regulatory landscape, confidence has returned.

However, XRP’s performance over the past few weeks has been disappointing. On the weekly chart, XRP has fallen by 2%, from a high of $0.57 to a low of $0.55. With the decline being part of a broader market downturn, a bounce would push it back to the upside.

In recent news, Japanese cryptocurrency exchange CoinCheck Announces Support for XRPbesides Five other altcoinsXRP price predictions point to a jump above $0.8 before the end of the month, putting it on investors’ radar.

Avalanche: Down from Weekly High of $24

AvalancheA layer-1 blockchain for decentralized applications, AVAX is known for its scalability and high transaction throughput, and is at the forefront of decentralized finance. Its innovative solutions make it one of the most visited destinations, contributing to the demand for the AVAX token.

However, like the rest of the cryptocurrency market, the cryptocurrency is trading on the downside. The Avalanche cryptocurrency has lost more than 5% of its gains in the past seven days, falling from a weekly high of $24 to $21. This significant decline can be linked to the troubling price movements in the broader cryptocurrency market.

But with a rebound, Avalanche has resumed its march, although continued traction is not guaranteed. Bearish forecasts point to another drop below $20, but its long-term outlook is nevertheless promising.

conclusion

The crypto market’s downward spiral is evident in the disappointing price action of XRP and Avalanche. Meanwhile, DTX exchange jumped above $2.4 million in its pre-sale amid growing whale interest.

To learn more about DTX, visit: Pre-sale site, the DTX Official Website and Join the DTX community.