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, there’s a new project, DTX Exchange (DTX), looking to break into the forefronts of DeFi. Here’s how traders are responding to the news!
What you'll learn 👉
BNB Moves up on the Charts With CZ’s 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 Zhao’s 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 Protocol’s 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 Protocol’s 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 NEAR’s price.
DTX Exchange: Trading Made Easy!
It’s 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 veterans–and everyone else, really–with the very tools needed for profitable trading.
For beginners, there will be no ‘academy’ 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. That’s 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.
There’s also a horde of tradable tokens to choose from for your portfolio–about 120,000 of them–so 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 won’t 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. That’s 100% ROI even before the real deal; little wonder traders can’t seem to have enough.
Learn more:
Buy Presale | Visit DTX Website | Join The DTX Community
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