A renamed version of the Proton DEX exchange called MetalX.com has featured XRP, the cryptocurrency linked to Ripple.
This follows a recent sharp decline in the price of XRP. Despite this downward trend, the listing shows that the market still believes in XRP’s potential and provides fresh trading opportunities for both current and prospective investors.
Embracing XRP
In comparison to Proton DEX, MetalX.com is a significant advancement because it aspires to be a complete financial ecosystem in addition to operating as a decentralised exchange.
The platform has a number of features, such as quick transactions, zero petrol costs, and strong on-chain identity verification, that aim to close the gap between security and usability.
Users may engage in decentralised trading with the use of a completely decentralised order book, OTC trades enabled by smart contracts, and streaming payments to settle transactions over time thanks to XRP’s listing on MetalX.com.
XRP’s price woes
The price of XRP, which is presently trading at $0.47 and has a market valuation of $25.1 billion, has lately reversed the gains it experienced after the SEC v. Ripple case.
According to financial analysts like Benjamin Cowen, “liquidity drives the market, not narratives.”
Thanks to being relisted on important exchanges like Coinbase, the cryptocurrency originally surged to around $0.80 in July, but it has since failed to sustain its upward trend.
Despite its recent losses, the over $1.15 billion in 24-hour trading volume of XRP indicates that there is still a substantial amount of interest in the cryptocurrency.
