Binance is a traditional trading platform that deals in crypto derivatives. It is a centralized exchange with its crypto token, the Binance coin (BNB). The BNB price rallied last week, and there is news that the Binance Smart Chain is becoming a hub for meme coins. In other altcoin news, the Cardabi Plomin Upgrade went live, and analysts wonder if it will help boost the Cardano price.
DTX Exchange is in direct competition with Binance because it has taken the exchange platform and gone one step further with it. DTX will offer traditional assets in addition to crypto assets. The DTX hybrid trading experience will bridge the gap between traditional finance and digital asset markets.
 Binance Coin Becomes 5th Largest Cryptocurrency
The BNB Price rallied last week and surpassed the Solana network to become the fifth-largest cryptocurrency by market cap. The Binance coin was trading above $700 for a couple of days and even saw a massive uptick in trading volumes, with the market cap crossing $100 billion. The surge in the BNB price comes as the Binance Smart Chain is making initiatives to become a hub of meme coins.
The Binance Smart Chain has launched the initial DEX offering (IDO) for MyShell, the Binance Wallet. The IDO has been one of the primary reasons for the improvement in the BNB price. The Binance Smart Chain intends to capitalize on the rise of the meme coin sector. Many other meme tokens on the BNB Chain ecosystem saw their price surge because of the IDO.
Many analysts suggest that the BNB price will continue this bull run. It is being said that this is a good entry point as the BNB price is well on its way to finding support near $750. If that level fails to hold, the BNB price will return to the $650 range. However, a long-position opportunity could present if the BNB price exceeds the $800 mark.
Cardano Plomin Hard Fork Goes Live
The Cardano ledger has activated the Plomin hard fork, bringing it closer to full decentralized governance. It will give ADA holders real voting power, and there is hope that the Cardano price will improve considerably after this. Currently, the Cardano price has been trading in red, and there have been whale sell-offs. As whale activity reduces, the Cardano price has taken a significant hit.
Small ADA holders are also cashing out instead of accumulating ADA, reinforcing the bearish trend for the Cardano price. Experts are wondering whether the new upgrade will prevent the Cardano price from dropping lower. Institutional investors indeed recognize Cardano’s technical advancements, and this could hopefully lead to renewed interest in the Cardano network and support the Cardano price.
DTX reaches the End of its Historic Presale
DTX integrates stocks, commodities, forex, and cryptocurrencies on a single platform and provides traders with greater flexibility, improved liquidity, and a seamless trading experience. DTX caters to a broad audience, including institutional investors and retail traders looking for diversified portfolios within one ecosystem.
With cutting-edge security, compliance with global regulations, and innovative trading features, DTX Exchange is positioned to disrupt the market and redefine asset trading for the modern era. The DTX token was priced at $0.02 when the presale was launched; now, at the last bonus stage, the token is up 800% for $0.18. This is still an affordable buy-in for investors as the token will surge to unbelievable heights once it lists on major exchanges.
To know more about the DTX Exchange ecosystem, Check out:
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