After an impressive rally of August 20, the prices have fallen and the gains are no longer as strong. Following the rise in uncertainty on the altcoins market, Ripple and PEPE are cryptos that have shown declines within the intraday chart.
Explore the performance of Ripple and PEPE, and learn why some analysts warn against investing in these cryptos and recommend the emerging DTX Exchange for 10x returns.
As sales pressures mount, the PEPE mania fades
PEPE bulls have attempted to reach the $0.00008 level in the hype around memecoins, following Elon Musk’s joke on Twitter. The soaring price of memecoins was a major factor in the attempt to cross this threshold. announcement Upbit’s listing of the USDT-PEPE pair led to an increase in the transactional volume. PEPE holders were hoping to see a bull run towards the $0.00001 price level.
PEPE Whales, however, are now facing increased speculations due to its falling price. Its value has dropped 3.3% within a day. The situation for PEPE is made worse by the falling funding rate, and the open interest. Experts advise caution when taking long positions on the memecoin, as a sluggish momentum and continued pressure to sell are likely.
Max Prime Labels Ripple (XRP) a ‘Scam Crypto’
On August 20, Ripple (XRP), a cryptocurrency, displayed a strong rally. It crossed the $0.61 mark. XRP currently trades for $0.59 and is under high pressure from bears around the 0.6 resistance. Ripple’s (XRP), despite its collaboration with Apple and ledger improvements, is facing legal risks that could prevent it from breaking the $1 mark.
Ripple’s (XRP), meanwhile, continues to be criticized for its poor performance and the fact that it lacks a competitive advantage over other projects. Max Prime is a well-known crypto analyst. called Investor skepticism, turbulent economic conditions and Ripple’s (XRP), a crypto scam. Further price drops are imminent.
DTX Exchange creates headlines with pre-sale of $1.5M
DTX Exchange (DTX) In the tradFi market, tradFi is a force to be reckoned with. With its AI-driven tools and industry-relevant features, it has a strong ecosystem. The DTX Exchange hybrid trading model has caught the attention of investors, as the platform offers the opportunity to use the best KYC and liquidity pools without requiring KYC.
1000x Leverage: DTX gives traders the chance to increase their market position with little capital and no loans. Profits can be maximized with up to 1000x leverage.
AI-Powered Trading: DTX’s fast 0.04 TPS platform is a great option for traders who want to take advantage of AI-driven automation. This will ensure high returns even when markets are volatile.
Hybrid Blockchain Technology: With L1 Blockchain solutions, users can enjoy fast, secure trading thanks to no KYC, gas-free transactions, and noncustodial Wallets.
120k+ Assets: DTX Exchange gives you access to a wide range of assets including forex, stocks, cryptos and equities.
This blend of high-demanded features, with extensive usage cases and sophisticated architectural design has helped DTX Exchange hold a dominating position in trading. DTX Tokens, which are currently trading at $0.04 per token, have the potential to reach $1 once the mainnet is launched.
What you need to know
DTX Exchange’s (DTX), with its tokenomics that are deflationary, is a contender to secure your portfolios and make bullish gains in an altcoin market where volatility has increased.
DTX Exchange aims to be a one-stop trading platform for traders who want to navigate the market with ease. As the DTX Token is predicted to reach $1 after the mainnet launch, it is now the right time to diversify your investments.
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Source: ripplecoinnews.com