The times are bullish, and for most altcoins, the news of interest rate cuts last week was instrumental to their uptrend. For BNB and NEAR Protocol (NEAR), their sustained spikes are down to some other updates.
Somewhere else, on the Ethereum network, thereâs a new project, DTX Exchange (DTX), looking to break into the forefronts of DeFi. Hereâs how traders are responding to the news!
BNB Moves up on the Charts With CZâs Release Imminent
The founder and former CEO of Binance Limited, Changpeng Zhao, was imprisoned earlier in the year after he was found guilty of facilitating criminal activities on his exchange. The US Department of Justice found evidence of a poor Anti-Money Laundering protocol on Binance, to which Zhao pleaded guilty.
He subsequently stepped down as CEO during the trials, and Binance paid a $4.3 billion fine to go with Zhaoâs personal $50 million fine. Now that he is set to be released by the end of September 2024, the crypto market is abuzz with excitement.
As expected, BNB is responding to the positive momentum, as the token started the week on the front foot. The BNB token is worth $587.42 at the moment, with its sights set on $600 this week.
NEAR Protocolâs Sharding Could Open up Bigger Opportunities
Network sharding has only been successfully implemented by the Elrond blockchain, helping it achieve efficiency in transaction processing. NEAR Protocol is closing in on such efficiency, as its network recently completed a sharding.
Meanwhile, the NEAR token slipped to monthly lows on September 6, 2024, trading at $3.41. Recent events, however, saw NEAR Protocol surge to $5.21 on Wednesday, some 57% above its eight-week low. One such development was the sharding of the platform.
NEAR Protocolâs sharding is a step to meet the demand for scalability in the crypto-verse. The blockchain completed its sharding operations on September 23, and the future is even brighter for NEARâs price.
DTX Exchange: Trading Made Easy!
Itâs going to be a field day for traders, both beginners and veterans, on DTX Exchange. The platform demystifies trading for the new traders while providing the veteransâand everyone else, reallyâwith the very tools needed for profitable trading.
For beginners, there will be no âacademyâ or bulky tutorial videos to launch your trading. As far as DTX Exchange is concerned, the best way to get going as a trader is to learn on the go. Thatâs why the platform provides social and copy trading functionalities, where beginners will tag along with successful pro traders.
The linkup will allow the less experienced traders to learn the principles and strategies involved in trading, making it a more practical approach to learning. Veteran traders, on the other hand, get analytical tools like charts and graphs to aid their trading decisions in real-time.
Thereâs also a horde of tradable tokens to choose from for your portfolioâabout 120,000 of themâso your dreams of a well-spread out portfolio are well within reach on DTX Exchange.
DTX Tokens Hot and Selling Fast!
The DTX has been in the presale phase for a while, and considering its progress, it wonât be available for much longer. The public presale is in Stage 3, and the DTX tokens are only getting more expensive.
Each token costs $0.06 now, with the potential to hit $0.12 when they go live. Thatâs 100% ROI even before the real deal; little wonder traders canât seem to have enough.
Learn more:Â
Buy Presale
Visit DTX Website
Join The DTX Community
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The post Is BNB Set For A New All-Time High? Expert Predicts Massive Pump On NEAR And DTX Exchange (DTX) appeared first on CaptainAltcoin.
