Ripple (XRP) and the SEC have been fighting for a long time, affecting XRP’s price and investors’ perception of it. Ripple (XRP) has decreased by 71% from an all-time high and is still trading below the $1 mark. Due to this disappointing performance, investors are moving into better growth opportunities in emerging coins.
Launched last year, SUI has been listed among the top 20 names in the crypto market. Recently, it has broken out of the all-time high level and is showing great strength in the market. Meanwhile, DTX Exchange (DTX) has become the top emerging ICO coin in 2024 after selling out its presale in record time. According to the current market scenario, DTX Exchange is the best opportunity available as the downside is capped and has great fundamentals.
Ripple (XRP) vs SEC: SEC Appeals XRP Security Status Verdict
The U.S. Securities and Exchange Commission (SEC) has officially appealed a recent court decision involving Ripple (XRP). This move reignites whether XRP sales on exchanges should be considered securities. The SEC filed its appeal with the U.S. Court of Appeals for the Second Circuit, challenging key parts of Judge Analisa Torres’s ruling. In July 2023, the court determined that Ripple (XRP) sales on digital platforms are not securities.
Judge Torres ruled that XRP sales to retail investors were not securities transactions under U.S. law. However, she found that Ripple (XRP)’s institutional sales of XRP violated securities regulations, leading to a $125 million penalty for unregistered securities offerings. The SEC’s appeal, filed on October 17, 2024, does not challenge the ruling on retail sales, which remains unchanged.
SUI Responds To Insider Trading Allegations
The Sui Foundation has strongly denied rumors of insider trading after a $400 million sale of SUI tokens during a recent price surge. In a post on X dated Oct. 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 made by an infrastructure partner who followed lock-up schedules monitored by qualified custodians.
When insiders hold a large share of a cryptocurrency’s supply, their sales can significantly impact the token’s price. Large sales tend to push prices down, which can concern new investors. SUI’s price has surged over 100% in the past month but dropped 2.5% on announcement day.
DTX Exchange (DTX) Projected For A 3,670% Surge
In the fourth phase of the presale, DTX has already increased by 300%, from the initial price of $0.02 to the current price of $0.08. The price anticipation for the next round is $0.1, and the team announced the listing price of $0.2. From the current price to the listing, there is a 150% upside potential, making DTX safe in the bearish market, too.
However, the projection after listing in Tier-1 exchanges is humongous. According to expert analysts, DTX Exchange can rise up to 3,670%, reaching the token price of $3.02. According to this projection, $400 invested at the current level could be appreciated to $15,080.
This projection by analysts has come after the successful launch of the testnet, recording a speed of 10,000 TPS. Also, the revenue share model has 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 are known for the crypto market, DTX Exchange will trade digital as well as traditional assets like stocks, CFDs on metals and cryptocurrencies. Traders will also have access to leverage up to 1000x, boosting profit potential while helping to manage risk. The DTX Exchange accomplishes the operation by use of singular technology based on blockchain that also guarantees data transmission and makes an order. This allows users to easily audit and verify trading activities, promoting trust and confidence while encouraging community building.
Learn more:
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.
