The post BNB Nears $600; Shiba Inu Holders Abuzz Amid Shibarium New Upgrade; DTX Exchange Crossed $2.6M in Presale appeared first on Coinpedia Fintech News
It has been an exciting past few days as Bitcoin (BTC) retests $60,000 and altcoins reflect wider bullish sentiments. Binance Coin (BNB) approaches $600 after the recent rally, placing it on investors’ radars. Meanwhile, the Shiba Inu (SHIB) community is abuzz following Shibarium’s new update. A bullish development?
At the same time, the DTX Exchange (DTX) presale crossed $2.6 million, suggesting investor confidence and confidence. Its unique offering as a novel hybrid exchange protocol stirs market buzz, hailed as the next big thing.
DTX Exchange (DTX): The Latest ICO Sensation
DTX Exchange (DTX), the new star of the presale world, is a utility-backed project at the crossroads between CEX and DEX. Unlike BNB, it will be a one-stop platform that meets all trading needs, notably the buying and selling of different asset classes across traditional finance and DeFi.
The above contributes to the ICO selling out fast: over $2.6 million has been raised. Meanwhile, the presale is in the third round and a token costs only $0.06, providing a good entry. Tipped as one of the best new cryptos to invest in, insiders are optimistic about a 45x jump in value post-launch, making it a new DeFi project to take advantage of.
With sights set on reshaping the $10 billion global trading scene, some of the exchange’s key aspects besides its hybrid model are smart contracts and distributed liquidity pools. In addition, by employing an on-chain order book, a transparent record of all buy and sell orders is maintained.
Binance Coin (BNB): Eyes on $600
Binance Coin (BNB), the native utility token of the Binance ecosystem, trades on the upside. Following the recent market downturns, when it lost key price levels, the bulls are finally back. With even more room for growth, it is undoubtedly one of the altcoins to watch out for.
The BNB coin retests the $550 support, up 9% on the weekly charts. This upswing is part of a broader jump—a 6% increase in the past month. According to a top analyst, the next level to watch out for is $600, which might play out before the end of Q3.
Further contributing to the uptick in the BNB price is the exchange’s growth. Several community-driven projects with millions of users have launched on the CEX in the past few months, notably the TON-based DOGS. With Hamster Kombat (HMSTR) next in line, millions of users will have their first experience with the trading platform, driving exposure.
Shiba Inu (SHIB): Shibarium New Upgrade
Shiba Inu (SHIB), the leading dog-themed cryptocurrency on the Ethereum blockchain, is among the top 15 altcoins. In addition to its memetic appeals, its robust ecosystem, which intersects with GameFi and hosts utility-backed projects like Shibarium and ShibaSwap, makes it stand out even more.
Shibarium, the Layer-2 scaling solution within the Shiba Inu ecosystem, experienced a major upgrade. The upgrade aims to improve the L2’s efficiency, security and capacity by implementing Ethereum’s recent advancement. In a recent post on X by Lucie, the project’s marketing lead, big changes to watch out for are the Bor upgrade (v1.3.7) and the Cancun hard fork.
This development was initially met by an upswing in the Shiba Inu coin price. However, in the past 7 days, the Shiba Inu coin only recorded a 1.5% upswing, erasing previous gains. Nevertheless, its outlook remains promising, especially with the rapidly evolving ecosystem.
Conclusion
While Binance Coin (BNB) approaches $600 and the Shiba Inu (SHIB) community is abuzz following Shibarium’s recent upgrade, DTX Exchange soars in presale. The new ICO has been selling out rapidly, raising over $2.6 million in presale. With adoption imminent, it is a new DeFi project worth betting on.
Learn more:
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