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The global market cap recently broke past $3 trillion, sparking continued interest in the current bullish climate. With Peanut the Squirrel (PNUT) listing on Binance, many are watching for a potential BNB price surge.
However, some experts suggest that the real opportunity may lie with DTX Exchange (DTX). The rising platform is lauded as a strong contender with unique features and a growing user base. Could it be the one to outshine Binance’s latest tokens?
Compared to the double-figured gains across the top cryptocurrencies, the BNB price has only increased 6.8% in the past week and 7.9% in the past month. The BNB price has also seen sharp movements between $600 and $660. With a 14-day RSI below 60 and low supply inflation, it’s no surprise SOL overtook BNB on the market cap ranks.
However, analysts believe the listings on the Binance exchange could bolster its native token, BNB. Some predictions highlight the possibility of a new Binance Coin ATH by December 2024. With the BNB price trading above its 50-day, 100-day, and 200-day SMAs, the token has triggered a “strong buy” action from the market.
Peanut the Squirrel has become a character of significance in the web3 community. Shortly after launch, its PNUT token listed on Binance, prompting massive influx. In less than 10 days, Peanut the Squirrel (PNUT) has experienced a 3,250% price increase that led to $1.81 billion in market cap and #56 in top crypto ranks.
According to data on CoinCodex, PNUT is forecasted to surge a further 220% as its RSI hits 97.47. In the past week, Peanut the Squirrel’s trading volume has grown in excess of $5 billion. Despite the PNUT community voting 83% on a bullish trend, early investors are reportedly reallocating their profits into a new project amid the mania.
The withdrawal of investments on Peanut the Squirrel (PNUT) has highlighted DTX Exchange (DTX) as a familiar choice for stability. This is targeting the trading community not in profitability-deficient gambles in the market for meme coins, but in utility bound to the exchange platform.
DTX Exchange is structured as a future trading platform powered by user profitability and privacy. It allows traders to enlarge their positions and increase potential returns with up to 1,000x leverage. Unlike many platforms, DTX Exchange doesn't require KYC and gives unlimited access for the users while their privacy is well-protected.
In addition, DTX Exchange has included noncustodial wallet functionality that allows users the control over their own assets. Without having to give custody to any other party, DTX Exchange can also completely avoid any hack attempts through its cold storage feature.
As of now, the fifth stage of the DTX presale is underway, with tokens being sold for $0.10 apiece. New investors can earn a 50% bonus on their first deposit using the code DTXOG. And that's not all! Early holders of DTX tokens are also eligible to stake their tokens in the liquidity pool, earning returns of up to 15% APY.
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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 scams, 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.
