The most anticipated election results have caused a high-volume volatility in the constantly changing crypto market. Ripple and Shiba Inu appear to be among the cryptocurrencies most affected by the outcome. However, DTX Exchange’s high-volume 1,000x leverage dominates the status quo, while its presale rally drives more gains and continues the bullish sentiment.
Ripple (XRP) Witnesses 1.38 Billion Tokens Move From Exchange
The current market sentiment across the crypto market is turning bullish as pro-crypto presidential candidate Donald Trump has won the election. Amid this bullish sentiment, whales and investors have moved a whopping 1.38 billion XRP tokens worth $702.38 million from Bithumb to an anonymous wallet.
This high-volume XRP transfer has raised concerns among investors and traders about whether it was a purchase or an upcoming strategy. Following this massive token transfer, the XRP price gained 5.5% in the last 24 hours and is trading near $0.53 right now. During the same timeframe, its 24-hour trading volume skyrocketed by 91.1%, indicating a bullish sentiment.
XRP Technical Analysis and Future Outlook
According to an expert analyst, the XRP price is in a neutral zone, with no clear signs of an upside rally. This speculation may occur from the current price momentum, where tokens show an upside with strong bullish action. However, the XRP price appears to be struggling to maintain momentum. Traders and investors might see an upside rally if it closes a daily candle above the $0.55 level.
Shibarium’s Surging Network Activity To Turn SHIB Bullish?
The Shiba Inu (SHIB) platform is witnessing a rebound in activity and investor interest as its layer-2 scaling solution (Shibarium) is operating near full capacity after overcoming recent challenges. The network has witnessed the change amid a broader crypto market rally and increased whale activity, signaling renewed confidence in SHIB’s potential.
However, Shiba Inu’s marketing lead, Lucie, has alerted SHIB holders to approach these gains proactively. As of last week, Shibarium has seen a strong uptick in usage, with its transaction count hitting a seven-day high of 4.75 million, up from 4.21 million just a week before. This high-volume increase in transaction activity has brought the protocol to new operational heights.
According to Shibarium scan data, this transaction count surge indicates SHIB’s market expansion. As Shibarium continues to scale, it has the potential to attract new users to the Shiba Inu platform and increase the use cases and perceived SHIB value. Also, the positive sentiment surrounding Shibarium’s recovery has directly impacted SHIB’s price.
DTX Exchange’s Accelerating Presale Momentum Nears Completion
The growing attention to the Ripple network has alerted investors to reconsider adding XRP to their portfolios. In the meantime, an emerging deFi project is posting rising numbers in its skyrocketing presale. As an Ethereum-based blockchain, DTX Exchange (DTX) is soaring at a phenomenal pace and claiming high-stakes victory in a short span of time.
Addressing user’s feasibility, DTX Exchange utilizes distributed liquidity pools to enhance
liquidity and reduce slippage. These pools aggregate liquidity from multiple sources and create an efficient trading environment within the platform. As a result, it benefits traders by minimizing slippage and ensuring a convenient trading experience irrespective of trading volume or changing market conditions.
This Exclusive $0.08 Presale Might End Sooner Than You Think!
DTX Exchange’s next-generation technical architecture is designed for scalability and high performance. This enables the platform to handle high-volume transactions and user activity simultaneously without affecting overall speed or efficiency. These features make DTX Exchange (DTX) one of the most demanded platforms in the market right now.
As Ripple reclaims network performance after network activity improvement, DTX Exchange (DTX) is poised to outshine XRP with its mind-blowing presale success, which has raised $6.7 million to date and counting.
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