Solana (SOL) has been one of the coins that has been standing strong throughout the consolidation phase in the cryptocurrency market. The recent pullback in Solana (SOL) did bring down the price below $180, but now the price is again above it, taking support from 10MA.
Meanwhile, Ripple (XRP) and DTX Exchange (DTX) are showing great strength in the volatile condition of the market. In the last 24 hours, Ripple (XRP) has increased over 4%. DTX Exchange is the leader in the current bull market and it has already doubled in a month from its initial price.
eToro Launches Staking For Solana (SOL), Can Price Reverse From Here?
Online broker eToro announced on Wednesday July 31, 2024 that it has launched staking for Solana (SOL) and Ethereum (ETH). This new feature allows users to earn rewards in Solana (SOL). To qualify for staking rewards, users must live in a country where staking is allowed and hold an open position in the staked crypto asset for a specified number of ‘intro days.’
Reflecting broader market trends, Solana (SOL) sentiment is currently neutral to a slight bearish. There is little fear in Solana (SOL) investors despite the positive market momentum. However, Solana (SOL) price is trading above both the 50-day and 200-day EMAs. If Solana (SOL) price declines, the zone between $170 is expected to provide major support.
Ripple (XRP) Breaks Out Of The Bullish Flag
Continuing its move Ripple (XRP) has broken out of the bullish flag. Ripple (XRP) broke through the $0.62 resistance level, moving into positive territory. XRP price is now up over 3%, in the last 24 hours and 3.54% in the last seven days.
Currently, Ripple (XRP) is trading above $0.65 and all of its short-term simple moving averages. The next resistance fot the Ripple (XRP) price is at the $0.686 level and the major resistance is at $0.73.
However, if Ripple (XRP) can’t break through the $0.65 resistance zone, it might start to correct downward. The initial downside support is near $0.6277, and the next major support is at $0.5853.
DTX Exchange Top Performing Coin Of 2024
Due to the recent pullback in Solana (SOL), investors have already shifted to the DTX Exchange, and Ripple (XRP) investors are taking positions in it to diversify their portfolios. DTX Exchange is a hybrid crypto trading platform built on a layer-1 blockchain. It allows users to trade various assets, including cryptocurrencies, forex, equities, and contract-for-differences (CFDs).
DTX Exchange stands out from many competitors with its key features: 1000x leverage, distributed liquidity pools, and non-custodial wallets, all without KYC verification. This no-KYC policy appeals to traders who value privacy and quick access to trading opportunities.
DTX Exchange (DTX) has quickly become a viral sensation in the crypto market. Its impressive fundraising achievements and cutting-edge infrastructure contribute to its popularity. In a short span, DTX raised about $2,000,000 in a private seed round and an additional $1,000,000 in a public presale within a month.
Learn more about DTX Exchange
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