Ripple (XRP) and the SEC have been in a battle for years, affecting the price of XRP and investors’ perception of it. Ripple (XRP) has fallen 71% from its all-time high and is still trading below $1. Due to this disappointing performance, investors are looking at better growth opportunities in emerging coins.
Launched last year, SUI ranks among the top 20 companies in the cryptocurrency market. It has recently surpassed its all-time high and is showing great strength in the market. Meanwhile, DTX Exchange (DTX) has become the top emerging ICO coin of 2024 after selling out its pre-sale in record time. As per the current market scenario, DTX Exchange is the best available opportunity as it has limited downside and good fundamentals.
Ripple (XRP) vs. SEC: SEC appeals XRP security status verdict
The U.S. Securities and Exchange Commission (SEC) has formally appealed a recent court ruling regarding Ripple (XRP). The move has reignited the question of whether XRP sales on exchanges should be considered securities. The SEC challenged key portions of Judge Annalisa Torres’ decision and appealed to the U.S. Court of Appeals for the Second Circuit. In July 2023, a court ruled that the sale of Ripple (XRP) on digital platforms is not a security.
Judge Torres ruled that the sale of XRP to retail investors is not a securities transaction under U.S. law. However, she found that Ripple’s (XRP) institutional sales of XRP violated securities regulations, resulting in a $125 million fine for unregistered securities offerings. did. The SEC’s appeal, filed on October 17, 2024, does not challenge the retail sales decision and the decision remains unchanged.
SUI responds to insider trading allegations
The SUI Foundation has strongly denied rumors of insider trading after $400 million worth of SUI tokens were sold during the recent price spike. In a post on X dated October 14, the Foundation stressed that no premature sales or violations of lock-up agreements had occurred. They pointed to the possibility that the sales were carried out by infrastructure partners who sold on lock-up schedules monitored by qualified managers.
If insiders control a large portion of a cryptocurrency’s supply, their sales can have a significant impact on the token’s price. Large sales tend to push prices down and can make new investors nervous. SUI prices have soared more than 100% in the past month, but fell 2.5% on the day of the announcement.
DTX Exchange (DTX) predicted to surge 3,670%
In the fourth phase of pre-sale, DTX has already increased by 300% from its initial price of $0.02 to its current price of $0.08. The expected price for the next round is $0.1, and the team announced the asking price as $0.2. With 150% upside potential from current price to listing, DTX is bear market safe.
However, the predictions after being listed on a Tier-1 exchange are huge. According to expert analysts, DTX Exchange could rise up to 3,670% and reach a token price of $3.02. According to this forecast, $400 invested at current levels could rise to $15,080.
This prediction by analysts was made after the successful launch of the testnet, which recorded speeds of 10,000 TPS. The revenue sharing model has also contributed to DTX’s growth, allowing investors to earn up to 3% of the exchange’s revenue.
DTX Exchange is different from other traditional exchanges. While the latter is known for its crypto markets, DTX Exchange not only trades digital assets, but also traditional assets such as stocks, CFDs on metals, and cryptocurrencies. Traders have access to up to 1,000x leverage, increasing their profit potential while helping manage risk. DTX Exchange performs operations using a proprietary technology based on blockchain that guarantees data transmission and fulfills orders. This allows users to easily audit and verify trading activity, promoting trust and confidence while fostering community building.
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Disclosure: This is a sponsored press release. Always do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
