Binance Coin (BNB) recently fell behind after the SEC lawsuit, dropping a massive 7.77% ($148 million) in its 24-hour trading volume. The post-US elections have surged Toncon (TON)’s buying pressure, surging its trading volume by a whopping 37.89%. In the meantime, the emerging Ethereum-based hybrid trading platform prepares the ground for L1.
Binance Coin (BNB) Loses Traction Amid SEC Allegations
The native token of the Binance exchange, Binance Coin (BNB), has been popular among investors because of its revenue share model. Even though this model enabled holders to get reduced trading fees and other various perks within Binance, the investor community has recently turned away from Binance Coin (BNB) after it faced legal accusations by the SEC.
This sudden occurrence has convinced investors to approach Binance Coin (BNB) with extreme caution. Many traders are seen staying away from Binance Coin (BNB) until the ongoing lawsuit is settled. Considering that the market is poised to turn bullish soon, investors are exploring other altcoins to buy in and stay away from legal authorities.
Currently trading at $581.47, Binance Coin (BNB) has surged by 5.12% in the last 24 hours. However, this price improvement doesn’t erase the red alert on the Binance Coin (BNB) raised by the SEC amid the active lawsuit involving the laundering of stolen cryptocurrency.
Why Are Investors Betting Big On Toncoin (TON)?
Built on the layer-1 blockchain, Toncoin (TON) has recently completed a long-awaited milestone, securing 946 daily active addresses on its Masterchain. This milestone is by far the best score from July 2021. Following this milestone achievement, investors appear evidently confident about Toncoin (TON)’s secure future.
Toncoin (TON) has received sizeable support from the investor community after making headlines with 500+ daily active addresses. However, in terms of its price performance, Toncoin (TON) is currently trading at $6.53, with a slight 2.94% slump in the last 24 hours.
Nonetheless, the post-US elections period appears optimistic for Toncoin (TON), given its strong community support and financial backing. The current performance momentum displayed by Toncoin (TON) indicates firm growth in the project, promising a long-term trajectory for investors.
DTX Exchange Gears Up For Layer-1 Post-US Elections
Amid the lawsuit allegations on Binance Coin (BNB) and the short-lived prominence of Toncoin (TON) daily active addresses, investors are increasingly exploring new altcoin projects. The DTX Exchange (DTX) lays out a clear picture of a successful DeFi project, raising $1.55 million in its ongoing presale, pulling over 8,000 token holders from different altcoin networks.
This hybrid platform is breaking records at a phenomenal pace, challenging renowned altcoin networks with its cutting-edge layer-1 blockchain technology. DTX Exchange is an Ethereum-based DeFi project that helps new and experienced traders get the most out of the crypto market by offering premium trading tools to advance their crypto trading.
This DeFi platform offers simple and easy-to-understand trading features to make new traders feel welcome. DTX Exchange eliminates the complicated know-your-customer procedure by taking the KYC requirements off from its eligibility criteria and brings an all-inclusive trading experience for investors and traders.
DTX Exchange Takes Over: Emerging ERC-20 Token Leads BNB
This emerging exchange also provides traders with up to 1,000x leverage, which enables users to acquire larger positions with minimum capital. Its leverage allows the holders to benefit from a high drawdown and fund availability even with open positions to ensure traders can land maximum profits in the volatile market.
With its all-in-one DTX wallet set to launch this month, DTX Exchange is poised to bring a wide range of trader-centric products, including multi-tier accounts. With the best elements of DEX and CEX, investors get a unique value proposition in a speculative crypto market.
As Binance Coin (BNB) and Toncoin (TON) prepare to stand firm against emerging exchange networks, DTX Exchange is making waves with its enticing benefits, skyrocketing presale, reduced trading fees, access to premium features, governance votes, and proposals.
Learn more:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.