As the crypto market begins to find its footing after the recent downtrend, investors are looking for the best crypto investment. Binance Coin (BNB) whales are currently moving towards DTX Exchange, a presale project that has raised over $3.8 million in funding.
Analysts forecast the project could hit $5 million before the end of November. Bitcoin Cash (BCH), however, continues to trade within a bearish market and remains trapped far away from the overall bullish sentiment.
Binance Coin (BNB) Poised for Major Rally
Binance Coin (BNB), the native token of the BNB Chain ecosystem, is currently showing profits of 14% on the monthly chart. The price of the cryptocurrency has been consolidating between $400 and $600 in the past month. Binance Coin BNB has been the price instability in the general crypto space. However, the market looks calm currently and could be gearing up for a rally.
Analysts expect the Binance Coin crypto to be part of the top gainers. Moreover, most of its technical indicators are bullish and support an uptrend. Firstly, the Binance Coin price is above the 50-SMA ($554.57) and 200-SMA ($531.24). Also, the Hull Moving Average (9) is showing a buy signal. Adityathakuron says that the Binance Coin (BNB) value could increase to $600 in the next trading sessions. If this happens, we could see BNB rallying to $740.
Bitcoin Cash (BCH): Bears And Bulls Fight for Dominance
While the rest of the market is showing recovery, Bitcoin Cash (BCH) continues to battle with bearish pressure. Data from CoinMarketCap shows the value of the Bitcoin Cash crypto has dropped by 5% on the weekly chart and 3.7% on the biweekly timeframe. However, it has profits of 8% on the monthly chart and 40.8% on the yearly chart.
In terms of price movement, the Bitcoin Cash coin is consolidating between $300 and $370 on the monthly level. Looking ahead, the sentiment around the token is mainly bearish. BCH has two resistances it must cross at the 50-SMA ($333.45) and 200-SMA ($372.50). Also, most of its technical indicators are bearish.
Yet, analysts believe a market rebound could occur anytime. All Bitcoin Cash (BCH) needs is an increase in buying pressure. WynTrades forecasts that the Bitcoin Cash price could rise to $425 in the coming weeks.
Huge Whale Interest Push DTX Exchange (DTX) Presale Over $3.8M
DTX Exchange (DTX) has drawn an impressive amount of capital from investors and has now crossed over $3.8 million in total funds raised. This comes after it was listed on the price tracker CoinMarketCap. Also, those who invested early in DTX Exchange have already seen a 200% ROI. The exchange is creating a hybrid exchange, which will have elements of a centralized and decentralized platform.
Benefits include privacy, fast transactions, low fees, high liquidity, and security. Combining DeFi and TradFi through the DTX platform allows users to trade stocks, options, indices, CFDs, bonds, and much more. Also, traders don’t have to fill out KYC forms. DTX Exchange allows them to trade anonymously from anywhere in the world. Such a feature makes it unique in today’s competitive market, where privacy has become important.
Other features the platform will introduce include advanced trading tools and integration of AI technology. DTX is now in the fourth stage of the presale and is valued at $0.06. Analysts have tagged DTX as the best coin to invest in now. They forecast the value of the cryptocurrency could increase by 10x before the year ends, attracting BNB whales.
DTX Exchange’s Performance Attracts Binance Coin Whales
Although the overall crypto market is beginning to recover, Bitcoin Cash (BCH) has stayed relatively dormant. However, the presale performance of DTX Exchange has grabbed considerable attention from many people, especially Binance Coin (BNB) whales. Analysts forecast the price of DTX Exchange could increase by 10x in the coming months, making it a top crypto to buy for investors looking for growth opportunities within the current market cycle.
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Source: https://bitcoinworld.co.in/binance-coin-whales-make-huge-investments-in-dtx-exchange-as-presale-smashes-3-8-million-bitcoin-cash-remains-bearish/