Former Binance CEO Changpeng Zhao’s release puts BNB on a bullish trend, with other altcoins like Solana and DTX Exchange joining the party.
The crypto news has featured headlines on Binance for the past few weeks, as its co-founder and former CEO Changpeng Zhao was released on September 27, 2024. The crypto billionaire was released after serving a four-month sentence for aiding money laundering on the Binance exchange.
Since CZ’s release, BNB has been moving from one high to the next. Solana (SOL) and DTX Exchange (DTX) are two of the top altcoins that are competing with Binance for the spotlight. Which is the best to invest in? Let’s find out!
BNB Token Peaks at $616 and Pulls Back
Binance's great month took a dramatic turn for the better, as its revered co-founder, Changpeng Zhao, was released on Friday, September 27, 2024, having served four months in a California prison for money laundering charges. The release came two days earlier, as the previous date fell on a weekend.
As everyone expected, the release took Binance to new market levels on Friday, which was very much in line with its form. The token peaked at $616 on Saturday after pushing past its $605 resistance earlier on Friday.
The BNB token is currently in its pullback phase, exchanging for $599.61, but BNB traders can get ready for another spike once the price stabilizes.
Technical indicators on Binance, as well as Zhao's re-entry into the crypto-verse, could set BNB up for price surges in the coming weeks. The long-term is looking bullish, and another swipe at the BNB all-time high is likely.
The SOL Price Pumps Past Resistance Amid VanEck Predictions
The Solana price is trending above its key resistance at the moment, as the token crossed its accumulation area earlier in September 2024. The token has since blown past its resistance levels, rising with the positive tide in the crypto-verse.
VanEck's market analysis has also recently added to the momentum around Solana. According to the reports, the SOL ecosystem is attracting much more trading activity than Ethereum, and the reasons for this are not far-fetched.
Solana's faster blockchain and relatively lower gas fees make the network more attractive to traders. Now that the token is clear of its resistance and trading at $160.29, SOL seems bound for another attempt at its ATH.
DTX Exchange: Hybrid Trading, Expanded Asset Range, and Faster Transactions
The DTX Exchange project is leading a new wave of change in the world of DeFi, introducing hybridized trading into the crypto-verse. The old features still exist; DTX is only bringing fresh, new ideas.
Previously, crypto tokens were all we had to go with on crypto exchange, centralized or decentralized. Now, DTX Exchange is adding foreign currency and equity products to its asset range, welcoming more than just crypto traders to its network.
That's excellent news for potential crypto market investors–it’s one reason the presale is pulling crowds.
Furthermore, traders will have a faster network to complete their transactions on than Ethereum. DTX Exchange processes about 25 transactions in a minute, level with contemporary DeFi blockchains like Solana and Cosmos.
DTX Presale Investors Eye 100% Gains in Q4 2024!
DTX Exchange has already raised over $3.2 million in its presale, which is still only in Stage 3. With the price set to move from $0.06 to $0.08 (33% increase) in Stage 4, you could be counting some quick bucks in a matter of weeks and looking forward to 100% gains when the DTX token launches at $0.12.
There's no better time to get on DTX Exchange than now!
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