Binance CEO Changpeng Zhao, also known as CZ, is set to be released on Sunday after serving a 4-month prison sentence. The buzz growing in the market is that the value of Binance Coin (BNB) could surge to $650 following the release.
Also, the value of other top altcoins like Cardano (ADA) and DTX Exchange is expected to grow in the coming weeks. CischkeTrade says Cardano crypto would test the resistance at the $0.66 region while DTX Exchange could surge by 10x before the end of Q4.
Binance (BNB) donates $1.5 million to victims of Storm Boris
According to an official blog post from Binance, Binance Charity, which is a non-profit organization, will be providing user incentives totaling $1.5 million to those who were affected by Storm Boris. They said that Binancians in the affected areas will receive 50 U.S. dollars in Binance Coin (BNB) Token Vouchers that they can use in the Binance Rewards Hub.
Meanwhile, Binance Coin price is trading above the 50-SMA ($542.48) and 200-SMA ($532.06). It is one of the most bullish coins in the market right now. In the past month, the token has witnessed 17 green days. While many expect the value of Binance Coin BNB to soar to $650, Coincheckup has a more bullish Binance Coin price prediction. They forecast the price of the cryptocurrency might rise to $706.25 before the end of October.
Cardano (ADA) confirms breakout above descending resistance
In a recent tweet, a crypto trader, CischkeTrade, informed the crypto community that Cardano (ADA) has broken above the descending resistance and the 100-MA ($0.372702). According to CischkeTrade, the Cardano price could soar high to test the $0.665 resistance zone in the coming weeks.
In the meantime, Cardano (ADA) is trading above the 50-SMA at $0.350119, thanks to the increase in buying pressure in the past weeks. If the altcoin can enter the $0.40 region, its next resistance would be the 200-SMA at $0.462393.
Presently, the sentiment around the Cardano coin is bullish and supports this potential uptrend. Its 14-day RSI is above the 60 mark and is heading for the overbought region. This is a bullish sign, which means profits are on the way.
DTX Exchange (DTX) aiming for new milestones
DTX Exchange (DTX) is an upcoming exchange causing traction at the moment. Its approach will be different from the traditional players. It will be a combination of both the centralized exchange and the decentralized exchange. This will create a hybrid platform where users can trade common assets such as stocks, derivatives, bonds, and commodities in addition to digital currencies using AI and advanced trading tools.
This connection to the $714.7 trillion OTC derivatives market is why industry experts are more bullish about DTX than other cryptos. The DTX coin will be used for paying fees on this platform, rewards, staking, and voting on the platform. This gives it a very important functionality that could create a very high demand. This high demand could lead to massive adoption and price growth.
At the moment, DTX Exchange has raised over $2.9 million from its presale. The project has been attracting a lot of attention in the crypto ICO stage, selling out the first two stages in a short period of time. Currently, DTX Exchange plans to raise $5 million before the end of October. Analysts also forecast the price of its native token to rise by 10x before the end of Q4.
Noteworthy coins to invest in: Binance Coin, Cardano, and DTX Exchange?
With the potential price surge coming to the cryptocurrency market, Binance Coin (BNB), Cardano (ADA), and DTX Exchange are the best altcoins to pay attention to right now. Analysts expect their prices to skyrocket in the coming weeks. DTX Exchange is also expected to enter stage 4 of its presale soon.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
