The crypto market is gaining momentum after a long period of consolidation. The prices of top crypto coins are rising on the charts. Meanwhile, Binance users are showing interest in a new project called DTX Exchange.
The project just launched a rebate program to reward active users on its platform. Meanwhile, activity on the Cardano network has increased.
Binance Coin (BNB) Price Prediction
Despite the recent releases of former Binance CEO, Changpeng Zhao, Binance Coin (BNB) is yet to reach a new all-time high. Data from CoinMarketCap shows that Binance Coin price is still consolidating between $475 and $625 on the monthly chart. Besides, the cryptocurrency has experienced some loss in the weekly timeframe. Nevertheless, Binance Coin BNB still has major support at the 50-SMA ($551.01) and 200-SMA ($532.31).
The cryptocurrency has even recorded 18 green days in the past month. With this bullish sentiment, analysts are looking forward to high price targets in the future. They expect the value of Binance Coin crypto to increase to $750 in the coming weeks. Coincodex predicts a price increase to $694.26 before the end of October.
Cardano (ADA) Close To New Milestone As Developers Activity Pumps
Activity on the Cardano (ADA) network has been on the rise in the past month due to the increase in the number of projects and upgrades. While celebrating Cardano’s (ADA) seven years anniversary, Input Output Global announced the number of transactions on the network has increased to 96.94 million.
This figure could hit a millstone of 100 million anytime from now. Also, the tweet revealed the Cardano blockchain now has 10.4 million native tokens, 1.3 million delegated wallets, and 88,340 plutus scripts. In the meantime, Cardano ADA has been among the top performers in the past month.
Cardano (ADA) recorded 19 green days during this period, a sign that bulls had the upper hand. Going forward, the Cardano coin is aiming to reach the $0.5 level. However, it must surpass the resistances at $0.400 and the 200-SMA ($0.460815). If this happens, the altcoin price might reach $0.510 in the next few weeks.
DTX Exchange (DTX) Rebate Program Gains Interest From Binance Users
DTX Exchange (DTX) has launched a VIP Rebate System to reward active users on its platform. Through this system, high-volume traders can receive up to 3% of the platform’s fees as rewards. This feature has caught the attention of Binance users who want to be rewarded for their activities. They have also taken an interest in DTX Exchange’s hybrid model.
DTX Exchange merges the strengths of centralized and decentralized exchanges. This approach allows users to enjoy high speed, low charges, safety, and high liquidity. Also, DTX Exchange users will also be able to trade over 120k global tradable assets, including Forex, Gold, Digital currencies, Indices, Stocks, and many more, on one platform. The traders do not have to open multiple accounts or use one device to trade these classes of assets.
In addition, there are no KYC measures on the platform. Traders can trade assets from any location; the service does not require them to disclose their personal details. In this ecosystem, the utility coin is the DTX utility token. It is currently priced at $0.06 and is expected to hit a 10x increase in the coming weeks. The DTX Exchange has received more than $3.4 million in funding. Analysts say this amount could reach $5 million before the end of October.
DTX Exchange To Become a Top DeFi Project Above Binance
The movement of Binance exchange users to the DTX Exchange shows high demand, thanks to the high rebate program and a set of other unique features. The more users begin to realize the value of DTX Exchange, the greater the potential for the exchange to become the dominant force in the crypto market.
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