bullish

Coin

Since the August 7 ruling, the SEC’s silence has left investors in suspense. The next closed meeting will take place on August 29. However, there is speculation that the SEC might discuss its appeal strategy. It could still delay any formal action until the last moment. 
Ripple’s (XRP) Chief Legal Officer has voiced concerns about the SEC’s potential irrational behaviour regarding crypto cases. Pro-crypto lawyer suggests a 50-50 chance of an appeal, highlighting the SEC’s interest in addressing the secondary market issue. It is critical for its enforcement actions. 
Binance Coin (BNB) and<a href="https://dtxexchange.com?utm_source=thecoinrepublic&amp;utm_medium=Mom&amp;utm_campaign=53" target="_blank" rel="noreferrer noopener"> DTX Exchange (DTX)</a> gear up for a bullish rally as the altcoins prepare to skyrocket. Analysts suggest that DTX’s testnet upgrade has played a major role in securing investor’s interest. 
<h2 class="wp-block-heading" id="h-doubts-on-statutory-interest-following-the-ripple-vs-sec-case">Doubts on Statutory Interest Following the Ripple VS SEC Case!</h2> 
Analysts are raising questions demanding further clarification on whether the SEC would have to pay statutory interest on the $125 million penalty if<a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener nofollow"> Ripple (XRP)</a> prevails in an appeal on all fronts except the return of the penalty. 
An inquiry was made to the securities attorneys on the potential financial consequences for the SEC if Ripple prevails and if the agency would reimburse Ripple for the fine and interest in exchange for the harm done to the company and its proprietary coin, XRP. 
<a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener nofollow">(XRP) price</a> movements closely related to SEC vs. Ripple case developments. A potential SEC appeal could drive XRP below $0.40. Yet, a decision not to appeal might push the crypto’s price towards $1.00. Recent rulings have caused notable price swings, with XRP climbing from $0.4696 to $0.9327 on July 13, 2023. 
However, the XRP price remains above the 50-day and 200-day EMAs, signalling a bullish trend. A move towards $0.6000 could test the recent high of $0.6312, with potential resistance at $0.6609. 
A drop below $0.5739 might lead to a decline towards the 50-day EMA. Moreover, a further fall could signal a trend reversal. With an RSI reading of 51.90, XRP might test resistance levels before possibly entering overbought territory. 
<h2 class="wp-block-heading" id="h-binance-coin-bnb-to-reach-new-heights">Binance Coin (BNB) to Reach New Heights</h2> 
Binance Coin (BNB) has recently experienced a slight price decline and increased trading volume, leading to a pause. However, such pauses are often seen as precursors to significant rallies in the cryptocurrency world. 
A leading cryptocurrency analyst claims that BNB could reach an all-time high of $900 if two key conditions are met: breaking out of a falling wedge formation and surpassing a historical resistance level. 
A slight decline in Binance Coin’s price and decreased trading volume have led to a pause. However, such pauses are often seen as precursors to significant rallies in the cryptocurrency world. 
<h2 class="wp-block-heading" id="h-dtx-exchange-dtx-defies-established-coins-with-testnet-upgrade">DTX Exchange (DTX) Defies Established Coins with Testnet Upgrade</h2> 
<a href="https://dtxexchange.com?utm_source=thecoinrepublic&amp;utm_medium=Mom&amp;utm_campaign=53" target="_blank" rel="noreferrer noopener nofollow">DTX Exchange</a> is a comprehensive investing platform that offers a range of financial solutions to its members. With over 120,000 financial assets—including stocks, FX, cryptocurrency, and more—it is a one-stop shop! It is well known that DTX provides easy investing experiences. The launch of DTX’s testnet has just swept the bull market off its feet. 
Alongside the cryptocurrency titans, the platform is becoming a global sensation with the debut of the DTX testnet. In addition, its unparalleled trading mode is also garnering headlines. Users can now learn about the most recent updates and new features without putting the primary cryptocurrency in danger. 
The parallel blockchain, DTX testnet, was launched to test, find flaws, and guarantee that the code works properly before it is put on the main blockchain! According to analysts, the testnet has elevated DTX to the status of a major rival of the established blockchain, shifting the playing field for the nascent platform. 
Along with the testnet, the zero-commission policy, quick withdrawals, and quick trade execution of DTX Exchange attest to its reputation for taking a community-centric approach. The hybrid trading model is a perfect blend of the best features of CEX and DCEX. 
The native token DTX has caused a buying frenzy, grabbing seasonal and institutional investors at a low-cap investment of $0.04. The platform has raised a massive amount of $1.64 Million at such an initial stage, i.e. presale stage 2. 
<h3 class="wp-block-heading" id="h-key-takeaway">Key Takeaway</h3> 
<ul class="wp-block-list"> 
 <li>Ripple (XRP) vs SEC case raises doubts about the statutory interests.</li> 
 <li>Binance Coin (BNB) is on the verge of reaching an all-time high.</li> 
 <li>DTX Exchange skyrockets following the testnet upgrade, raising $1.6 million.</li> 
</ul> 
<h3 class="wp-block-heading" id="h-learn-more">Learn more:</h3> 
<a href="http://presale.dtxexchange.com/login" target="_blank" rel="noreferrer noopener">Buy Presale</a> 
<a href="https://dtxexchange.com?utm_source=thecoinrepublic&amp;utm_medium=Mom&amp;utm_campaign=53" target="_blank" rel="noreferrer noopener">Visit DTX Website</a> 
<a href="https://t.me/DTXExchange" target="_blank" rel="noreferrer noopener nofollow">Join The DTX Community</a> 
The post <a href="https://www.thecoinrepublic.com/2024/08/28/ripple-vs-sec-update-why-dtx-exchange-presale-bnb-can-lead-next-bullish-trend/">Ripple vs SEC Update: Why DTX Exchange Presale &amp; BNB Can Lead Next Bullish Trend</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Ripple vs SEC Update: Why DTX Exchange Presale & BNB Can Lead Next Bullish Trend

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