The approval of the DOGE ETF could open the door to up to $10 billion in new investments. This could provide an opportunity for investors to gain exposure to Dogecoin without buying the coin directly. However, another viral token, DTX Exchange is setting itself to outperform it and other major altcoins like XRP with innovative features.
This project has already raised $13.5 million and is currently in stage 8 of the public presale. With the XRP price struggling to overcome key resistances, DTX is eyeing for the top spot. Let’s see how this can happen.
The DOGE ETF Approval: A Major Step for Dogecoin
The approval of the DOGE ETF could be a significant milestone for Dogecoin and the overall cryptocurrency market. This approval will allow investors to gain exposure to Dogecoin through traditional financial markets. Many asset managers including Bitwise Asset Management have filed for the DOGE ETF which shows institutional interest in it.
According to analysts, there’s a potential for $10 billion in inflows after the approval of the DOGE ETF. And with Dogecoin’s strong fan base and high recognition in the crypto space, it could become a favorite for both individual and institutional investors.
However, the Dogecoin token current price is somewhat declining and the effects of the DOGE ETF approval are yet to be observed. Due to this, investors are now moving their funds from Dogecoin and other altcoins to DTX Exchange in hopes of higher returns.
Source: CoinMarketCap
XRP Price Analysis: What’s Affecting Its Value
The XRP price has been subject to intense fluctuations in recent years mostly because of the legal battles and the market sentiment. As of February 9, the XRP price is trading above the $2.4 support level with a slight increase in value. However, on the weekly chart, the XRP price has taken a hit with over 10% decline.
Source: CoinMarketCap
One of the most significant factors affecting the XRP price is the ongoing legal battle between Ripple Labs and the U.S. SEC. This lawsuit caused major price volatility, as the uncertainty surrounding the outcome of the case led to mixed reactions. Many analysts believe that if Ripple wins the case, the XRP price could experience a significant surge.
But considering the current situation, whales are moving their funds into DTX Exchange, offering innovative trading tools and AI-powered features.
DTX Exchange Could Outperform XRP in 2025
The optimism around the DOGE ETF approval could have a positive impact on the market with DTX Exchange potentially leading the charge. Analysts also think the platform’s new features could even surpass altcoins like the XRP token.
DTX is coming up with a hybrid model that is built on the powerful Layer-1 VulcanX blockchain. This could give users access to 120,000 assets like crypto, ETFs, forex, and more. DTX Exchange will also provide users with 1000x leverage and enable traders to access massive liquidity and maximize potential profits on every trade.
Additionally, DTX will provide an automated investment manager to allow users to set up recurring investments and simplify long-term investments. This ensures that your portfolio remains balanced with minimal effort. For beginners, the platform will offer a copy trading platform so they can follow successful traders and replicate their strategies.
DTX Exchange will also reward early holders in the form of passive income. Through the VIP Rebate System, DTX holders can earn a percentage of the total income the platform generates through different fees.
As for the public presale, DTX is in stage 8 which is also the last stage, and has accumulated over $13.5 million. This means early investors only have some time left to invest in this project at the lowest price of $0.16.
Final Thoughts
While the XRP price remains volatile, the DOGE ETF may create an interesting dynamic in the market. It could have a positive impact on Dogecoin and the overall market, according to experts.
With crypto trading rapidly evolving, DTX Exchange is at the forefront with the potential to outrun many established players. This platform is providing investors with the tools, such as 1000x leverage, they need to maximize their potential in the ever-changing crypto market.
Check out these links for more information about DTX Exchange:
