It has been an eventful week, besides the market downturn. Toncoin (TON), the rapidly rising Layer-1 blockchain, recently got listed on Binance, the largest crypto exchange. Not to be left out, Binance Coin (BNB) also resumes its uptrend, shaking off recent bearish pressure.
Concurrently, DTX Exchange (DTX), an up-and-coming altcoin that combines the best elements of centralized and decentralized exchanges, skyrockets in presale. Its solid fundamentals as a hybrid protocol and significant upside potential drive massive demand and interest.
DTX Exchange (DTX), a novel exchange-based token aiming to challenge BNB’s dominance and reshape the $10 billion global trading market, is a new DeFi project to watch. This presale sensation has been the talk of the investment town, soaring past $1.2 million in early funding.
In round 2 of the ICO, a token costs just $0.04, offering a low entry point. Besides its budget-friendliness, it presents a compelling shot at massive gains. Analysts project a 65x upswing after its market debut, propelling demand and interest.
Further, mere investment in the ICO will yield a guaranteed 200% ROI by the launch date. Beyond the gains, its unique offering as a hybrid trading exchange sets it up for adoption and growth. It stands at the crossroads between TradFi and DeFi, enabling the trading of traditional asset classes like stocks, bonds, equities and forex, along with cryptocurrencies.
Toncoin (TON), a Layer-1 blockchain hot on the heels of Ethereum and Solana, is a key player in the DeFi (decentralized finance) world. It was one of the biggest highlights of the year’s first half, registering an all-time high of $8.24 in June from a yearly low of $2.3.
In recent news, Binance, the world’s largest crypto exchange, announced TON’s listing. It went live on August 8, proving to be a catalyst for a significant price jump. The Toncoin price soared by over 10% following the announcement, with more room for growth.
A Toncoin price prediction hints at a rally past $10 before the month’s end. At its current price, it presents a good entry point and has been hailed as one of the best cryptos to invest in. This makes it not only a retail favorite but also a top pick among institutional investors.
Binance Coin (BNB), the fifth largest cryptocurrency by market capitalization, is one of the most popular altcoins. It is the utility token of the BNB Smart Chain and the Binance exchange, among other products in the Binance ecosystem. The exchange-based token hit a yearly high of $700 in June—a striking distance from its all-time high of $720.
However, it took a major hit as the crypto market tumbled, briefly falling below $420. But things are beginning to look up as it reclaims the $500 support. A jump past $600 is anticipated in the coming weeks, placing it on the list of altcoins to watch out for.
Its long-term outlook is similarly promising. The BNB price has been tipped to soar past $1,000 before the year’s end. This explains why investors are betting big, positioning it as a good crypto to buy.
Notable events this week are Toncoin’s Binance listing, BNB’s upswing and DTX Exchange’s significant presale growth. The rising interest in the DTX ICO is on the back of its solid fundamentals as a hybrid protocol and substantial growth prospects. On the cusp of skyrocketing, we recommend becoming an early adopter.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.