MetalX.com Lists XRP Amid Price Dump

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MetalX.com Lists XRP Amid Price Dump

Newly rebranded decentralized exchange MetalX.com has added XRP to its list of tokens. The advanced decentralized trading engine powered by the XRP network made this known via an announcement on its official X (FKA Twitter) account.

Per the update, users can now experience seamless decentralized trading with the trending asset. MetalX.com embracing XRP amid the ongoing price drop underscores the level of confidence in the project. Also, it opens a new trading path for its new and existing users.

The evolved MetalX.com

MetalX.com is a rebranded version of the Proton decentralized exchange. With the rebrand, MetalX.com goes beyond functioning as a DEX, it aims to transform into a complete financial ecosystem.

The new platform is not just an exchange, it offers a digital marketplace for cryptocurrency and finance. In addition, it offers a list of impressive features including zero gas fees, instant transactions, and robust on-chain identity verification to make the trading experience easy.

Furthermore, MetalX.com provides a user-friendly interface, powerful SDKs for developers as well as and a liquidity incentive program rewarding its community for participation.

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With a completely decentralized order book, OTC trades powered by smart contracts, and streaming payments to settle transactions over time, users can engage in decentralized trading thanks to XRP’s listing on MetalX.com.

XRP price reaction

Following the Ripple victory over the Securities and Exchange Commission in July, the price of XRP reacted positively as investors and the crypto community at large expressed their joy and confidence in the token.

Major exchanges like Binance, Bitgo, and Coinbase relisted the token on their platforms and the price of XRP rose to $0.80. However, XRP has gradually lost the gains it accumulated from the said victory as the hype around the token faded.

MetalX.com Lists XRP Amid Price Dump

Source: Coinstats

According to live data from Coinstats, XRP is currently trading at $0.48 signifying a 50% drop in price since July. What’s more, XRP is down 1.68% in the last 24 hours with a live market cap of $26 billion. Ultimately, XRP is ranked #6 on the global crypto market chart with a 24-hour trading volume of $1,224,231,910 ($1.2 billion).

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.