ADA Whales Bullish on Hybrid TradFi Token as Presale Erupts Past $2.6M; XRP Shows Strength for 2021 Like Pump
Cardano (ADA) whales are increasingly bullish on a hybrid TradFi token, which has erupted in its presale, surpassing $2.6 million. This growing interest highlights the token’s strong potential in the market. Meanwhile, Ripple’s XRP is showing signs of strength, reminiscent of its massive 2021 rally, suggesting a possible repeat of its impressive performance.
Both tokens are capturing the attention of investors looking for the next big opportunity. In this article, we will discuss the factors behind this surge and what to expect next.
In a recent poll of the Cardano (ADA) community, participants were asked to consider how a 20 million ADA monthly budget should be allocated, with two proposals put forward: one to build a Rust node requirement for 11 million ADA, and another to implement the Leios protocol for 12 million ADA. It is worth mentioning that Charles Hoskinson, the figure who created Cardano, took notice of the discussion. He threw his support behind the Leios protocol over the Rust node and explained how important this is for the future of the network.
The Leios protocol is a new and exciting way to improve the Cardano blockchain. It builds on the Ouroboros Praos consensus and is a great example of how we can make the blockchain even more decentralised, while also increasing its speed.
In Hoskinson’s words, Leios promises to achieve a comparable increase in transactions to Solana throughput without sacrificing the core decentralisation principles of the Cardano (ADA) network.
Ripple (XRP) CTO David Schwartz was recently part of a discussion on X (formerly Twitter), which sought to understand the concept of blockchain immutability. This was in the context of the lost transactions on the XRP Ledger and missing blocks on the Ethereum blockchain.
An X user sought to understand the concept of immutability and asked the Ripple CTO about it. This tweet drew the attention of the XRP community, including a popular blockchain explorer, XRP Scan, and the Ripple CTO, who joined the discussion. Immutability is regarded as one of the core, defining properties of a blockchain. It is a trait in which something, once created, cannot be changed.
According to XRPScan, while immutable data cannot be changed, it may be destroyed but cannot be mutated. This prompted further questions by the X user on how data could be destroyed if it is immutable.
Schwartz proceeded to answer this question by saying: “If I give you a cryptographically-secure hash of some data, then that data is immutable. Any change in the data would not match the hash. But that doesn’t mean anybody knows what the data actually is.
DTX Exchange (DTX) is making a name for itself as one of 2024’s hottest presales. It has already reached Stage 3, giving early buyers a 200% return. It also raised over $2.6M and may hit $3M before this month ends. Even influencers like YouTuber CryptoDexWorld see DTX Exchange as the next crypto gem to shine.
DTX Exchange will redefine online trading by launching a hybrid platform combining CEX and DEX features. People can buy over 120K asset classes like stocks, crypto coins and bonds in one place at a 1000x leverage. Plus, privacy through no sign-up KYC checks could give DTX Exchange an edge over other platforms.
The DTX utility token will fuel this platform. It costs just $0.06 in Stage 3 of its presale. But this price will reach $0.08 after Stage 4 begins—a 33% return if you buy it now. Experts predict another 40x jump after DTX gets listed on a Tier-1 exchange before the end of 2024.
Whales from Ripple (XRP) and Cardano gravitate to DTX Exchange because of its growth potential. This rookie has a smaller market cap than other crypto coins and taps into the $133T bonds market. With these perks, DTX needs less new money for its price to rise and be more stable in the long run.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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