The spotlight has shifted to Binance Coin (BNB) and DTX Exchange (DTX) after the duo boarded the bullish rally, bagging massive gains amid the broader market shift. Meanwhile, Chainlink (LINK) has faced a monthly dip, dropping its price by an alarming 5.80%. Investors are moving toward this emerging deFi sensation as it soars ahead in the next bull run.
Binance Coin (BNB) Gears Up For A Strong Rally
Binance Coin (BNB) is back in the game after entering its long-lost $600 price mark. Binance Coin (BNB) holders have waited months to see the altcoin reclaim its high-stake position. The Binance Coin (BNB) network price recently climbed by 8.80% in a week after the US Federal Reserve cut interest rates.
While the FED rate cut has supported Binance Coin (BNB) to regain its price, investors are still hesitant to invest in the project, considering whether the cryptocurrency can sustain this price point or not. If the Binance Coin (BNB) network manages to overcome market challenges and continue its ongoing rally, it might see higher recovery levels.
The technical indicators for Binance Coin (BNB) suggest that it could hit a bearish pattern if its price chart doesn’t maintain the current momentum. Meanwhile, impatient investors are exploring different high-performing cryptocurrencies to diversify their portfolios and secure their capital after the broader bearish sentiment in the market.
Chainlink (LINK) Price Analysis & Future Outlook
Chainlink (LINK) has been the talk of the town for quite a while now for its back to back token unlock events. Even though the Chainlink (LINK) network experienced an increase in circulating supply from the 18.75 million Chainlink (LINK) tokens unlocked, expert analysts suggest a possible price rally following the increased network activity.
Based on its past trend, Chainlink (LINK) has always shown upward price momentum after unlocking events, with seven out of the last eight events resulting in gains. The Chainlink (LINK) price chart shows trading within the Keltner Channel (KC), with the altcoin currently testing the upper boundary.
If the Chainlink (LINK) token breaks through the $12 resistance, the network might see more upward movement with bullish rallies. Chainlink’s (LINK) MACD also suggests this bullish outlook, with the blue line crossing above the signal line. The future outlook for Chainlink (LINK) appears bright as it is poised to bag more gains before the upcoming bull cycle.
DTX Exchange’s $2 Million Private Seed Round Sparks Hype
The spotlight turns to the emerging DeFi sensation DTX Exchange (DTX), as this presale star has outshined major cryptocurrency projects with its mind-blowing presale rally. DTX Exchange (DTX) is experiencing a high-volume demand from investors belonging to top-tier networks like Chainlink (LINK) and Binance Coin (BNB).
DTX Exchange (DTX) is a hybrid trading exchange that enables users to trade cryptos, equities, forex, and contract-for-differences (CFDs). It features cutting-edge technical architecture to offer strong security measures, high scalability, lightning-fast execution speeds, and access to over 120,000 assets across crypto, stocks and bonds, forex, and commodities.
The platform offers high-velocity trading capabilities with up to 1,000X leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements. The DTX Exchange is poised to become the next big thing in the market with its ongoing bullish presale rally, raising millions in a record-breaking time and more on the way.
DTX Exchange (DTX) Leads LINK: Over 11 Million DTX Tokens Sold
Recently, DTX Exchange (DTX) has onboarded a large number of investors from the Chainlink (LINK) network amid the market sentiment shift. Unlike other presale projects, DTX Exchange is backed by a robust blockchain technology that holds a strong network backing to run a high-volume user community in full throttle.
This next-gen AI-powered trading platform has experienced zero downtime and also rolled out the Testnet platform for developers and investors to cross-check its compatibility, performance, and runtime without risking actual assets or personal information.
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