Selling in Binance Coin (BNB) and Uniswap (UNI) has brought the price back inside the consolidation base. According to reports, this selling came after investors from these communities shifted their investment into better opportunities.
Most investors from Binance Coin and Uniswap shifted to a new hybrid exchange, DTX Exchange (DTX). The exchange’s unmatchable features and benefits have brought it into the limelight and drawn the interest of big investors in the coin.
Binance Coin (BNB) Faces Rejection From $600, Finds Support At $535
From 6 to 25 September, Binance Coin (BNB) rallied around 30%, breaking above the major resistance level of $600. But, after hitting the $618.36 high, Binance Coin (BNB) has dropped back to its current level of $545 after finding support around $540. It is currently trading below the 50-period moving average and short-term moving average of 20-period.
Analysts were expecting that the release of founder CZ after the imprisonment would affect the Binance Coin (BNB), but it hasn’t affected the price much. If Binance Coin (BNB) proceeds for another leg down, $504 and $475 are the next two crucial support levels to watch for.
Uniswap (UNI) Falls Back To Trendline
Uniswap (UNI) has been one of the weakest coins among its peers; even in the recent recovery, it didn’t show bullish sentiments. In recent global pressure, Uniswap (UNI) has fallen back to the trendline and has taken support earlier twice. The bounce from here will be crucial because a breakout or breakdown on either side will decide the direction of the coin.
Uniswap (UNI) is struggling to hold its levels while its rival DTX Exchange has gained 200% in the last month. A large number of users have also shifted from the Uniswap platform to DTX because of the benefits and efficiency of trading.
DTX Exchange (DTX) Creative Business Model With Strong Fundamentals
The VIP rebate system of DTX Exchange has attracted over 1,30,000 users; in the last week, 22k users joined the platform. According to this program, DTX coin holders can earn up to a 3% share of the platform’s revenue. This is creating an extra source of income with price appreciation for investors and has resulted in a very high demand for DTX tokens.
DTX Exchange is a modern platform allowing users access to crypto and traditional markets. It’s the first to combine the best features of centralized (CEX) and decentralized exchanges (DEX). Key benefits include low fees, fast trading speeds, anonymity, and decentralization. With over 120,000 tradable assets like gold, ETFs, indices, stocks, bonds, and cryptocurrencies, DTX Exchange offers a wide range of options.
The platform’s user-friendly interface allows traders to easily switch between markets without needing multiple accounts. This feature makes it convenient for both beginners and experienced traders who want to manage different assets in one place.
DTX Exchange will move into its fourth stage in the coming weeks, increasing its price valuation to $0.08. The analyst predicts another 250% gain till the end of November, which provides an opportunity for traders at the current valuation.
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