The post Sellers Reject Ethereum (ETH) at $4K — Traders Keep Buying Ripple (XRP) and This DeFi Coin at $0.12 appeared first on Coinpedia Fintech News
The crypto market has been largely underwhelming these past few days, with Bitcoin (BTC) tumbling from its ATH and altcoins bleeding. Sellers rejected Ethereum (ETH) at $4,000 amid a sell-off frenzy, dragging the price down.
Conversely, traders have been buying more of Ripple (XRP), a payment-based cryptocurrency, and DTX Exchange (DTX), a new DeFi coin. The former is believed to be in an attractive buy zone, while the latter has plenty of room to run as a low-cap altcoin.
DTX Exchange (DTX): Undervalued and Underpriced
DTX Exchange (DTX), the novel DeFi-TradFi token, is the latest on traders’ radars. It is being stockpiled for many reasons, from its bullish narrative to its substantial growth prospects. Unsurprisingly, the team has raised more than $10.5 million in early funding, suggesting confidence in its potential.
Its budget-friendliness—a token costs only $0.12 in the 6th ICO round—is one of its appeals. Massively undervalued and boasting staggering upside potential, it is a top pick among investors. It is tipped for a 55x upswing after scheduled listings on Uniswap, Bybit, and Coinbase, having already skyrocketed over 440% in the past few months.
The above makes it a clear favorite ahead of top crypto coins like Ethereum (ETH) and Ripple (XRP)—a low-cap gem with plenty of room to run. Its trailblazing approach to trading, set to reshape the $10 billion global trading scene, also drives huge interest and demand. As the world’s first hybrid platform, diverse asset pairs can be traded, notably stocks, ETFs, forex, and cryptos, with up to 1,000x leverage.
Ethereum (ETH): Breakout Soon?
Ethereum (ETH) trades downward on its weekly chart—a 5% downturn. It also tumbled from its month-high of $4,100, linked to rising selling pressure. The Ethereum price retails above $3,400 at the time of writing, preparing for its next leg up. Hopefully, the bulls are more prepared this time.
But given key technical indicators like the 50-EMA and the 100-SMA, Ethereum (ETH) is poised for a comeback. A retest of $4,000 isn’t out of the question, making it one of the altcoins to watch out for.
At the same time, experts are optimistic about a breakout and a huge leap. Cody-askew, a crypto analyst, expects Ethereum to hit $6,900 this cycle. JChains, also a crypto trader and analyst, eyes a rally toward $5,000. However, as a large cap, ETH’s upside potential is limited, meaning DTX Exchange (DTX) is a more compelling alternative.
Ripple (XRP): Significantly Underpriced
Ripple (XRP) is on investors’ radars as the consensus is that it might have bottomed. Following the crypto market decline, it nosedived from $2.86, its monthly and annual high. Changing hands around $2.3, traders might not get a better entry than this anytime soon.
Buzzing with optimism, Ali_Charts, a crypto analyst, has $8.40 as a conservative target. Their “optimistic target” is $48.12, positioning Ripple (XRP) among the best cryptos to invest in. Meanwhile, for its short-term outlook, Steve Flynn expects a jump over $3 by the weekend.
The Bull Bear Power and 10-EMA are key technical indicators supporting these bullish forecasts. Meanwhile, for higher ROIs, DTX Exchange (DTX) is becoming a more popular destination among savvy investors, given its staggering growth prospects as a low-cap DeFi coin.
DTX Exchange (DTX): Seasoned Traders Bag More DTX Over Ethereum (ETH) and Ripple (XRP)
The growth prospects of DTX Exchange (DTX) and its solid fundamentals as a blend of DeFi and TradFi make it a favorite among investors. Set to outperform top altcoins like Ethereum (ETH) and Ripple (XRP), it is a new DeFi project worth betting on this cycle.
Find out more information about DTX Exchange (DTX) by visiting the links below:
