Ripple is set to release around 1 billion XRP tokens worth an estimated $470 million on July 1, which is expected to cause a decline in XRP price. This release is part of Ripple’s monthly unlocking of tokens from its escrow treasury since 2017.
In contrast, Litecoin (LTC) has impressive blockchain activity but lags behind in financial performance compared to Bitcoin and Ethereum. DTX Exchange is making waves in the crypto space with its innovative features, raising about $750,000 in its presale.
The upcoming release of XRP tokens involves two separate unlocks, with a total of 1 billion tokens being released in July. This influx of tokens has led to increased selling pressure on XRP, causing price declines.
Despite Litecoin’s strong transaction activity, its market performance has been lackluster, with a decline of about 20% year to date. DTX Exchange, on the other hand, has been gaining traction with its hybrid trading model and non-custodial wallets.
Overall, XRP price is expected to drop after the token release, Litecoin struggles in the bull market, while DTX Exchange continues to attract investors with its innovative features and successful presale.