The fortunes of Dogecoin (DOGE) have shifted for the worse despite almost surging to bullish trends recently. The Ripple (XRP) price is only just recovering, and there is still a lot that could happen since the SEC has yet to arrive at a resolution with Ripple Labs.
Amid so much uncertainty, DeFi remains one of the best choices for any token in the crypto-verse. The sector is churning out another DeFi token with prospects to rival even the top DeFi coins.
Ripple Labs Announces to File a Cross-Appeal
The SEC filed an appeal against Ripple earlier this month, restating that the XRP tokens are unregistered securities when sold to institutional traders but registered when traded on exchanges. The appeal comes at a very inauspicious moment, as Ripple enthusiasts were looking forward to a resolution this year.
The XRP price dipped in response to the appeal, it maintained the $0.53 support. Ripple has had some recovery of sorts, though, as the token regained the support level on October 9, 2024, and now trades on 3.64% weekly profits.
Ripple Labs has decided to file a cross-appeal to maintain its legal defenses, although the company isn’t offering details of what the appeal contains. It is believed to be an initial filing, as a ‘comprehensive argument’ will follow in the coming weeks.
Dogecoin in Doubt to Hold $0.10 Level
A few weeks ago, the pioneer meme coin was pushing 20 cents, but the market correction has introduced even more volatility on DOGE. Dogecoin is facing significant resistance at the $0.11 mark, and it has been hovering around $0.10 for some days now.
It’s worrying, too, that over 39,000 addresses are at a loss even at the $0.11 level, indicating just how many more traders will be in the red. Optimism has been driving the DOGE price so far, but with the emergence of more prolific tokens, Dogecoin’s request for patience from its traders might be asking for too much.
The declining bullish momentum and weak trends might see DOGE head down to $0.086. DOGE is worth $0.109 as per CoinMarketCap right now, gaining 3.35% in the past 24 hours.
The next best thing for traders on Dogecoin might be to flip their investments and head over to a promising project. DTX Exchange is one of the few left, and here’s more on how it will run.
Trade, Learn, and Earn: DTX Exchange’s All-in-One Platform
DTX Exchange is more than a DEX or a trading platform. Essentially, it is both and much more, as traders don’t just get the conventional features that are commonplace in the DeFi sector.
First, DTX Exchange offers new traders a chance to learn trading techniques while actively trading.
Instead of bulky reading materials or even burdensome tutorial videos, they have social trading and copy trading on DTX Exchange that allows them to copy trading strategies and moves from their ‘mentors.’
So, what’s the result? Beginner traders learn faster and become pros after only a few weeks of trading.
100% ROI Still up for Grabs on the DTX DeFi Token!
There is something for everyone on DTX Exchange, whether or not you’re trading-savvy. Investors can count on the project to attract even more traders when it launches, and traders have all the features they need to maximize gains.
Stage 4 of the DTX presale is still on, and the token is currently priced at $0.08. Investing in the project now sets investors up for over 100% profits by the launch day, when the DeFi token would reach $0.20.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
The post Investors Flip XRP and Dogecoin (DOGE) For Profit To Go All In On This New DeFi Token, See Why appeared first on TheCoinrise.com.
