Despite the choppy market, top altcoins like Binance Coin (BNB) and Toncoin (TON) defy broader bearish trends. These crypto coins maintain uptrends, with sights set on further gains. The anticipated interest rate cut is set to be a price appreciation catalyst, with investors betting big ahead of time.
Meanwhile, DTX Exchange (DTX), a new hybrid exchange protocol, launched the first unified hybrid blockchain. This Layer-1 blockchain will integrate traditional financial instruments with Web3 products, allowing the trading of stocks, bonds, ETFs and crypto.
DTX Exchange (DTX): The first hybrid blockchain goes live
DTX Exchange (DTX), a novel altcoin and one of the most promising new ICOs, basks in the spotlight. As part of its roadmap, it launched its proprietary blockchain—the first-ever hybrid blockchain. It is unique as it is designed to allow the trading of traditional asset classes like stocks, forex, commodities, ETFs, bonds and digital assets like cryptocurrencies.
The above sets it apart, making it a strong contender in the global trading scene, valued at $10.3 billion in 2023. Also at its heart lies a strong and engaged community, contributing to its appeal. The platform takes several initiatives to build a strong community, notably its governance model. Token holders have the power to participate in decision-making processes, giving them a say in the platform’s future.
Meanwhile, as an emerging cryptocurrency, its potential is staggering, ahead of Binance Coin (BNB) and Toncoin (TON). The presale is in the third round and costs only $0.06—ridiculously undervalued. With a projected 100x upswing after its debut, it is a new DeFi project to watch out for.
Binance Coin (BNB) approaches $600
Binance Coin (BNB) is one of the biggest players in the crypto space. It is native to the world’s largest centralized crypto exchange platform, Binance. It is also the utility token of the BNB Smart Chain, contributing to huge demand and, in turn, price gain.
On the daily chart, the BNB price maintains bullish momentum, up by 5%. This gain extends to the weekly charts: a 6% jump. With the $540 support reclaimed, clearing a path toward $600, Binance Coin (BNB) is among the tokens to keep on the radar.
Its key role as the utility token of the entire Binance ecosystem makes it one of the most promising cryptocurrencies. On track for another all-time before the year’s end—flipping June’s $720—it is an altcoin to watch out for.
Toncoin (TON): 15% Jump on the weekly charts
Toncoin (TON), the viral Telegram-based cryptocurrency, is among the leading altcoins. It ranks top-10 in the crypto market, hot on the heels of Dogecoin and XRP. Following the sharp price decline after the arrest of Telegram CEO Pavel Durov, it is on a comeback mission.
The Toncoin price increased by over 15% in the past 7 days, staging a return to the monthly high of $7.1. It trades above the $5.3 support, a good entry, which savvy investors have been stockpiling. The coming days promise even further upswings.
A Toncoin price prediction suggests a close above $6 this week, placing it on investors’ radars. Finishing strong will likely position it for more gains subsequently. With Telegram mini-game apps continuing to stir up much buzz, Toncoin’s (TON) outlook couldn’t be more promising.
Conclusion
While Binance Coin (BNB) and Toncoin (TON) maintain uptrends, DTX Exchange might be the real deal. The trailblazing hybrid exchange protocol recently launched its proprietary blockchain, gearing up to reshape the global trading scene. As it sails toward adoption, it is a bullish wave to take advantage of.
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