Analysts Say This New Exchange Coin Below $0.1 Can Mirror BNB ICO Growth; Ethereum To Reach $6,000.
Binance Coin (BNB) has seen exponential growth in the past few years, rallying more than 200x from its initial crypto ICO price of $0.15 to a peak of $720.67. Now, experts are saying that similar growth could occur with DTX Exchange, a new coin trading at $0.060 per coin.
As investors look for the next big opportunity, industry experts believe that DTX Exchange has what it takes to replicate the BNB price movement. Meanwhile, an analyst predicts Ethereum (ETH) price could pump to $6k but on one condition.
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Binance (BNB) Releases 23rd Proof of Reserve Snapshot
Binance, the largest cryptocurrency exchange according to trading volume, renewed its proof of reserves report on October 1st. The report showed that the biggest tokens held in the exchange include BTC, ETH and USDT. Notably, the overall holdings across various coins have dramatically declined. For instance, Binance has seen its amount of BTC held decline by 1.58% compared to the report posted on September 1st.
In other news, the value of Binance Coin crypto is on a rally. It has increased by 5% on the weekly timeframe and 16% on the monthly timeframe. In terms of price movement, Binance Coin BNB is consolidating between $500 and $625 on the monthly level. Standing above the 50-SMA at $555.20, Coincodex expects the Binance Coin price to rally to $700 in the coming weeks.
DTX Exchange (DTX) Set for a 20x Rally in Q4
DTX Exchange (DTX) is the best ICO in the market right now. In a few months, the price of its native token, DTX, has increased by 200% to its current value of $0.06. Also, the project has raised $3.95 million in funding. Going forward, analysts forecast a 20x price surge, making it one of the best altcoins to watch. DTX Exchange is building a hybrid exchange where traders can enjoy the best of CEX and DEX on one platform.
These benefits include access to fast trades, low fees, high liquidity, security, and decentralization. DTX Exchange also enables trading of multiple products on Web3 products, like cryptocurrencies, as well as traditional financial instruments like forex, commodities, bonds, indices, CFDs, etc. This gives users access to the $714.7 trillion OCT derivatives market. Meanwhile, DTX Exchange has a simple and user-friendly layout, which ensures that members can navigate easily without having multiple accounts.
Other features that make it appealing include a set of enhanced functional tools, such as on-chain analysis, social trading and copy trading, trading bots, etc. On DTX Exchange, traders can share with each other and it has been effective as it helps new traders to enhance their experience in trading. Another interesting element of the platform is that users can copy the trades of professionals to earn similar profits.
Ethereum (ETH) Price Could Reach $6k on One Condition, Martinez
In a recent tweet, Ali Martinez told his followers on X that the price of Ethereum (ETH) could increase to $6,000 in the coming weeks. According to him, the altcoin must remain above the support at $2,300. If the Ethereum coin loses this support, the value of the cryptocurrency could drop to $1,600 in the next trading sessions. In the meantime, the price of ETH is consolidating between $2.3k and $2.55k in the weekly timeframe.
The cryptocurrency’s price movement has been bearish in the past month due to low interest on Ethereum spot ETFs and selling pressure from whales. Only the Hull Moving Average (9) is showing a buy signal while most of the technical indicators are bearish. Still, analysts are optimistic about the Ethereum price movement in the coming months.
DTX Exchange Follow in Binance Coin (BNB) Footsteps
With the presale performance of DTX Exchange, analysts believe it is the best contender to mirror the Binance Coin (BNB) ICO success. Its low market price and community support make it a good cryptocurrency to buy for profits in the future.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.