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Binance Hacks Tumbles Price As TRON (TRX) Increases Projects In Its Ecosystem

Written By : IndustryTrends

The Binance Coin (BNB) hack has been one of the most discussed topics in the crypto market. The hack was first estimated to be about $100mn on Friday, but later, the Binance exchange revealed that it was $570mn.

Although Binance Coin (BNB) founder and Chief Executive Changpeng Zhao has confirmed that the issue has been resolved and that investors' funds are safe, the news about the hack made Binance coin price pull back. The coin declined and was unable to break the $300 before the weekend, as projected.

Binance Coin (BNB) price had declined to $275 from the high of $297 last week. Although the price performance had declined, the buying pressure for the Binance coin looked good this morning. Therefore, we are like to see the Binance Coin (BNB) make an impressive comeback this week.

During the same period that Binance Coin (BNB) was dealing with hacking issues, TRON (TRX) has been growing its ecosystem bigger. The number of developers joining TRON ahead of the hackathon has been on the rise.

The TRON (TRX) blockchain has been attracting a lot of developers' attention after the reduction in the gas fee and the scaling of the chain. Therefore, the number of projects running in the TRON blockchain is expected to skyrocket in the next few weeks.

The TRON (TRX) price has also responded positively to this growth, and this is when even as of writing, $TRX was still in the green for the gains made in the past 7 days. With the crypto market looking bullish in the next few days, we are likely to see TRON perform well in the market.

In addition to TRON (TRX) and Binance Coin (BNB), there are other coins like Bitgert (BRISE) and Centcex (CENX) that are expected to do very well in the market.

Reasons like Bitgert and Centcex Are Widely Mentioned

The like Bitgert (BRISE) and Centcex (CENX) coins have widely mentioned are because of the massive potential they have shown in the past few weeks. The Bitgert coin has been one of the most explosive coins in the market and has rewarded its investors more than Binance and TRON this year.

But the expected price performance is one of the reasons why crypto analysts have listed Bitgert (BRISE) and Centcex (CENX) as some of the best buys in the market this week. These coins' price prediction this month is +3X, making them some of the exciting crypto assets today.

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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