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Binance (BNB)’s fast move in the last four days has given traders confirmation of the upcoming bull rally in the crypto market. A clear breakout from the trendline has been observed in the Binance (BNB) coin.
Solana (SOL) tried to compete in the market, but the price behavior was weak. After the failed breakout from the wedge, Solana (SOL) has been unable to recover and try a breakout again. Meanwhile, the DTX Exchange (DTX) is receiving a lot of love from investors as it is technically poised for a 50X rally in 2024.
A survey by Hong Kong publication TechFlow, released on Monday, revealed that Binance (BNB) is the go-to cryptocurrency exchange for Chinese-speaking users. The survey showed that Binance (BNB) dominates the market, with 96.72% of respondents using the platform and 63.15% keeping their main assets there.
The respondents were primarily male (76.1%), with 57.4% aged between 26 and 35. About a quarter of the users were younger, while only 0.45% were over 55. Most respondents had three to five years of experience in the crypto market, making up 34.76% of the total.
However, according to analysts, DTX Exchange will take over Binance's (BNB) market share after the launch as it has already impressed users with 14,000+ signups in just two months before the launch.
Drift has launched a new prediction market called BET on the Solana (SOL) blockchain, according to an August 19 announcement. BET works much like Polymarket, letting users bet on the outcomes of events like the U.S. election. This launch follows Drift's recent introduction of an earned product on Solana (SOL) and an election center in July.
BET allows users to purchase YES or NO shares on events like the upcoming U.S. presidential election. What sets the Solana (SOL)-based platform apart is its support for over 30 cryptocurrencies, including USDC and Solana (SOL), as collateral. Additionally, users earn a yield on their assets before the event's outcome is decided.
DTX Exchange is on its way up very fast in the trading industry. With its 1000x leverage and a mix of the best features of the centralized (CEX) and decentralized (DEX) exchanges, DTX is now a world for the traders in the various markets. The platform's liquidity pools and trading tools not only make the accessibility of the platform easy but also ensure an overall satisfying experience for every user.
It is a high-tech cryptocurrency trading platform that allows users to take advantage of features and benefits. The soul of this platform is the DTX Token, which entices the user to be active and loyal. Users have a choice of using the DTX Tokens to pay for their trading fees and also by taking advantage of the discounted rates they can save on costs and time.
DTX Exchange sets itself apart from the sea of competitors by being the first layer-1 blockchain project at the ICO stage with VulcanX protocols for gas-free trading. The no-KYC DTX Token is available at the current market price of $0.04 which is anticipated to rise to $2, when the presale is over thus providing investors with the opportunity for 200x profits.
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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.
