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As investors hold onto their capital, the market’s constantly changing momentum is challenging top-tier cryptocurrency projects. While Solana (SOL)’s recent death cross pattern is destroying its year-long bullish momentum, Binance Coin (BNB) has shot up by $34 million. Meanwhile, the emerging presale superstar DTX Exchange is preparing for listing as the biggest presale.
Binance Coin (BNB) has recently shaken the market after a massive transaction took place by a whale address starting with 0x1E7. The transaction involved buying over 62,000 Binance Coin (BNB), which is roughly $34.3 million, from the Venus protocol. The whale transferred the entire amount to the Binance exchange.
Such high-volume purchase and transfer shows the whale’s confidence in the Binance Coin (BNB) network’s potential. This move also points toward the fact that the investor might be more about capitalising on the Binance Coin (BNB) network’s Launchpool projects to gain extra profits than holding the asset.
Additionally, according to on-chain data, around 500K Binance Coin (BNB) which equals $276 million, were recently deposited into the Binance Coin (BNB) network in the last 24 hours. The first whale move, followed by this accumulative deposit, will potentially help the Binance Coin (BNB) network rebound and restore the overall market sentiment.
Solana (SOL) has been following a bearish sentiment for over a month now. Within the last 30 days, the Solana (SOL) altcoin has slumped by 6.03%, which is highly alarming for its investors as there has been no hope for a rebound. With the ongoing trend on the rise, analysts forecast that Solana (SOL) may experience a death cross pattern soon.
This death cross event for Solana (SOL) will end its year-long bull run. The Solana (SOL) network is testing its crucial support at $124 and $120 as of today. If Solana (SOL) breaks these support levels, the project might go for more declines, with a prediction of its price to drop by 42% due to continuous bearish trends.
While the Solana (SOL) network is posing red signals, its 24-hour trading volume says otherwise. The trading volume for the Solana (SOL) altcoin has surged by 98.38% in the last 24 hours, currently standing near $2 billion. If its trading volume maintains the current flow, the project might be aiming at a potential breakout soon.
As Binance Coin (BNB) aims for new highs and Solana (SOL) nears a death cross pattern, the emerging DeFi platform DTX Exchange (DTX) is breaking all-time records with its fast-selling presale. This hybrid platform has taken over the cryptocurrency market with its L1 cutting-edge blockchain technology and new exchange UI.
The DTX Exchange leads other cryptocurrencies through a variety of trading options and features that make it stand out among the altcoin giants. The platform handles liquidity issues through distributed liquidity pools that allow it to aggregate liquidity for various sources, including external exchanges and liquidity providers.
As a result, the DTX Exchange traders utilise the liquid and robust trading environment within the platform and execute orders with reduced slippage and enhanced efficiency. The traders also choose DTX over other cryptos as it offers a revenue-sharing model that allows them to bag massive gains without the risk of losing their capital.
Some of the leading crypto analysts have marked the DTX Exchange (DTX) as the safest high-volume investment opportunity in the upcoming bull cycle because of its 300% ROI in record-breaking time. Analysts and investors have put their confidence in this emerging DeFi platform for its next-gen security measures.
The platform upscales its security protocols through a non-custodial model, letting users keep their private keys and funds in their personal wallets. And as they don’t have to trust a centralised entity, DTX holders minimise the risk of potential hacks and asset mismanagement. DTX Exchange’s presale is eyeing $3 million as it prepares for its highly anticipated listing.
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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.
