According to recent reports, one of the biggest venture capital firms is looking for new opportunities in crypto as Bitcoin (BTC) is trying to break its all-time high and start a new bull rally in the crypto market. They are balancing risk with low-risk, low-return, and high-risk, high-return opportunities.
The first candidate for investment is a blue-chip crypto, Ripple (XRP); it doesn’t have much growth potential because it is already a large cap. Another script the firm is targeting is DTX Exchange, the new hybrid exchange set to revolutionize the exchange industry. According to the analysts, it has immense growth potential, and risk is also very limited because of the low price.
Market Bullish As Trump Says Make US a Bitcoin (BTC) Superpower
In the last 30 days, Bitcoin (BTC) has increased by around 10%, and one of the catalysts for the price increase has been Donald Trump being a crypto pro in recent speeches. President candidate Donald Trump has promised to make the United States the global leader in cryptocurrency if he is elected in November. Speaking at Nashville’s Bitcoin2024 conference, Trump likened Bitcoin (BTC) to the steel industry of 100 years ago, highlighting its potential.
Trump’s plans include firing SEC Chair Gary Gensler and setting up a “Bitcoin (BTC) and crypto presidential advisory council” right away. He stressed the importance of US leadership in the crypto space, saying, “I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin (BTC) superpower of the world.”
$600M Worth Of Ripple (XRP) To Be Unlocked in August
Ripple (XRP), the company behind the XRP Ledger blockchain and its native Ripple (XRP) token, unlocks up to 1 billion tokens on the first day of every month. Since 2017, they have used several main escrow wallets, including Ripple (XRP) (24) and Ripple (XRP) (25), to evenly split these monthly unlocks.
However, Ripple (XRP) often re-locks much of the newly released XRP. For instance, on June 1, Ripple (XRP) re-locked 800 million XRP but still sold around 300 million XRP, worth $182 million at the time.
While Ripple (XRP) unlocks up to 1 billion XRP tokens each month, the actual amount released into circulation is usually much less due to this re-escrow process, as noted in an XRP Ledger blog post from 2017.
DTX Exchange Following The Path Of Bitcoin (BTC)
The main target of the big capital firms is the DTX Exchange (DTX), the reason being a clear high utility like Bitcoin (BTC). This project has grabbed global attention with its outstanding presale performance, delivering early buyers a 100% return on investment and raising over $1 million. Projections suggest this figure will reach $2 million by the end of August 2024.
DTX Exchange offers a groundbreaking hybrid trading platform, merging the best features of centralized (CEX) and decentralized (DEX) exchanges. Traders can enjoy a seamless experience with access to over 120,000 asset classes, no sign-up KYC checks, and lightning-fast transaction speeds of 0.04 seconds.
These benefits have drawn traders to this new exchange coin. Currently, in Stage 2 of its presale, DTX Exchange is priced at $0.04—double its starting price of $0.02. Market analysts predict that the upcoming Tier-1 CEX listing of DTX Exchange in late 2024 could spark a 100x bullish rally, making DTX Exchange the top exchange coin to watch.
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