Changpeng Zhao, the founder and former CEO of the world’s largest exchange, Binance, has been released after serving a 4-month sentence. This was one of the most anticipated events—a potential bullish catalyst—sparking rising demand for Binance Coin (BNB).
Amid rising sentiment and confidence, DTX Exchange (DTX), a novel altcoin set to transform the global trading scene via a hybrid approach, is tipped to overtake Ripple (XRP). Its upside potential and low entry make it a compelling alternative—a new DeFi project to bet on.
DTX Exchange (DTX): A Strong Crypto Contender
DTX Exchange (DTX), one of the most sought-after tokens, is a must-have for several reasons. Given the several attractions of presale tokens and DTX’s novelty as a hybrid exchange-based token, it is one to watch out for.
Experts believe it is on track to become one of this year’s biggest breakout stars, which explains the rising demand. In just the third round of the ICO, over $3.3 million has been raised in early funding. Meanwhile, a token costs only $0.06 and is tipped for a 5,000% rally after its debut, potentially outclassing top altcoins like Ripple (XRP) and Binance Coin (BNB).
In addition, it is on course to transform the $10 billion global trading space. Its blend of the best elements of centralized and decentralized exchanges will offer a top-notch user experience, addressing challenges like financial exclusion and global inaccessibility to assets and markets. The exchange’s wallet-based trading will give users access to thousands of financial instruments without relying on traditional bank accounts, paving the way for financial inclusion.
Binance Coin (BNB): CZ Release Sparks Excitement
Binance Coin (BNB), the utility token of the Binance ecosystem, is an industry leader. It ranks among the top 5 cryptocurrencies, behind only Ethereum (ETH) on the altcoin list. The past few days have been exciting for the exchange-based token, from a notable price jump to the release of the former CEO.
Changpeng Zhao, popularly called ‘CZ,’ is the founder of Binance and the former CEO. He stepped down and served a 4-month sentence in a US prison for violating anti-money laundering rules, in addition to Binance agreeing to pay $4.3 billion in fines.
His release has been met with much excitement, especially within the Binance Coin (BNB) community. As BNB prepares to retest $600, it is one of the altcoins to watch out for. Besides, its Q4 outlook is bullish—a potential rally above $1,000 before the year’s end.
Ripple (XRP): 6% Uptick on the Weekly Charts; When $1?
Ripple (XRP), a cryptocurrency with a focus on cross-border transactions, is one of the biggest players in the crypto scene. Its rapid adoption in the payment industry contributes to its ascent and institutional appetite.
Mirroring the crypto market, the XRP price jumped by over 9% in the past 30 days. A 6% uptick has also been recorded in the weekly timeframe, trading above the $0.6 support. With “Uptober” here, its outlook is even more promising.
An XRP price prediction hints at an upswing above $1 before the curtain closes on the year. Given its solid fundamentals and growth prospects, Ripple (XRP) is one of the best coins to invest in ahead of the much-anticipated full-blown bull run.
Conclusion
‘CZ’ release after a 4-month sentence might play a key role in the next Binance Coin (BNB) upswing. Meanwhile, DTX Exchange (DTX), a novel exchange-based token that combines the best elements of CEX and DEX, is set to overtake Ripple (XRP). With plenty of room to run as a new ICO, it has been rightfully hailed as the best crypto to invest in.
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