U.Today - XRP, the cryptocurrency associated with Ripple, on MetalX.com, a rebranded version of the Proton DEX exchange.
This comes after XRP recently experienced a significant price drop. Despite this downtrend, the listing indicates a level of market confidence in XRP's potential and offers a new trading avenue for existing and potential investors.
Embracing XRP
MetalX.com represents a substantial evolution from its previous incarnation, Proton DEX, not merely functioning as a decentralized exchange but aspiring to be a full-fledged financial ecosystem.The platform boasts an array of features designed to bridge the divide between security and accessibility, including zero gas fees, instant transactions and robust on-chain identity verification.
XRP's listing on MetalX.com enables users to engage in decentralized trading with a fully decentralized order book, powered by smart contracts and streaming payments to settle transactions over time.
XRP's price woes
XRP's price has recently retraced the gains it made following the , currently hovering at $0.47, with a market cap of $25.1 billion.Financial analysts like Benjamin Cowen that "narratives do not drive the market, liquidity does."
After initially spiking to above $0.80 in July — thanks to being relisted on major exchanges like Coinbase (NASDAQ:COIN) — the cryptocurrency has struggled to maintain its upward trajectory.
However, its 24-hour trading volume of over $1.15 billion suggests that there remains a considerable level of interest in despite its recent setbacks.