As the crypto market continues to witness price volatility, smart investors are rethinking their strategies and seeking better opportunities for growth. Even analysts are at a crossroads on what the future holds for Binance Coin (BNB). While some are expecting a price rally, others are looking forward to a downturn.
Meanwhile, Solana (SOL) whales have been moving towards another promising DeFi token called DTX Exchange. Analysts say this new entrant could be the saving grace of investors during this downtrend. They have forecasted a 10x price pump for DTX before the year ends.
Binance Coin (BNB); Analysts Forecast 40% Dump
Binance Coin (BNB), the native token of the BNB Chain, is currently on an uptrend and could successfully break past the $600 mark in the next few days. CoinMarketCap data reveals that Binance Coin BNB crossed the $580 mark for the third time in one week. This shows that bulls are not giving up and are ready to claim dominance in the market.
While Binance Coin price met with resistance in this region, it continues to trade above the 50-SMA ($555). Coincodex says the cryptocurrency’s value could reach $694.41 before the end of November. On the other hand, an analyst, ShadowBtc forecasts the value of Binance Coin crypto could dump by 40% in the coming weeks. According to them, such a retracement could push BNB to $331.
Solana (SOL) Reaches $5B in SOL Locked
In the latest tweet from Solana (SOL) Floor, SOL locked in DeFi, including liquid staking, has now reached 36 million SOL, which is worth more than $ 5 billion. This is a new milestone for the Solana network and signals huge interest from investors despite the cryptocurrency’s poor price performance. On the positive side, the Solana price has broken past the $150 mark for the first time in one week.
The cryptocurrency currently has profits of 2% on the weekly level and 10% on the monthly time frame. With regards to price movement, the Solana coin is consolidating above the 50-SMA ($142.05) and 200-SMA ($146.19). This is a bearish signal and points to more gains in the short term. If the rally continues, the value of SOL might retest the $160 level.
Investors Jump on DTX Exchange (DTX) for 10x Profits
DTX Exchange (DTX) is in the spotlight this week after raising more than $4.7 million from retail and whale investors. Investors have been jumping on DTX Exchange as they believe it could yield a 10x return before the year ends. While DTX has already increased by 200% to hit its current price of $0.08, it is considered as one of the best cryptos to buy because of its unique trading platform that could revolutionize the $36.5 billion crypto trading platform market.
DTX Exchange combines the most innovative features of DEX and CEX platforms to provide the most efficient trading platform for users all over the globe. DTX Exchange also aspires to bridge TradFi with DeFi. It provided an opportunity to trade not only stocks, indices, cryptocurrencies, bonds, forex, and many others.
Some of its innovative features include non-custodial storage meaning users are able to safely trade and store their assets without them being held by a third party. Furthermore, DTX Exchange has no KYC checks. Anyone can register using just an email and password to gain access to all the exciting features above.
Solana (SOL) Whales Bet On DTX Exchange for Profits
While the price of Solana (SOL) continues to remain under the $200 mark, DTX Exchange is emerging as a safe bet for whales who want to recover their losses from the downturn. Given the opportunity for explosive growth and the hybrid exchange model, DTX has already become a favorite among big investors. Investors who hope to grow their portfolios can join the top ICO now before it launches on centralized exchanges.
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