After the Fed rate cut, the prison release of Changpeng Zhao (CZ), the founder of Binance and creator of its native token BNB, could take the market to new highs. Investors are preparing for the forecasted rally in October and looking for coins that can give 10X return like Cardano (ADA) did in its earlier days.
However, after the all-time high of $3.099, Cardano (ADA) has shown a continuous downtrend. This dull performance has made Cardano (ADA) investors look for better opportunities.
Here, we will discuss the top three altcoins—BNB, Shiba Inu, and DTX Exchange—which are on the tracking list of price action analysts and can give a good return in the next few months.
How Can CZ Release Can Impact BNB Price Action?
Changpeng Zhao, the former CEO of BNB, will finish his four-month imprisonment on September 29, 2024. His release could positively influence BNB’s price, as Zhao has played a crucial role in the token’s success and is a well-known figure in the crypto market. BNB price has already broken out of the descending trendline; the bull’s participation in this breakout can lead to a new rally in the market.
Additionally, the Bohr hard fork, a major upgrade for BNB Smart Chain, will go live on the BSC mainnet the same day. This update will improve BNB’s efficiency and scalability, introducing four new BEPs to enhance the network’s performance.
Shiba Inu (SHIB) Developer Shows Loyalty Towards The Network
In the last two weeks, we have seen good traction in the market; however, Shiba Inu has shown poor market performance. Shiba Inu rallied to $0.000015 but has again pulled back to the 10-period moving average.
Shytoshi Kusama, Shiba Inu’s lead developer, has once again reaffirmed his commitment to the project’s core values, regardless of the community’s backing. In a post on X yesterday, Kusama explained that he has always acted in Shiba Inu’s best interest and will continue to do so. This response came after a heated exchange with a community member who insulted him and accused Kusama and other key figures in the Shiba Inu ecosystem of dishonesty.
DTX Exchange (DTX) Preparing To Ride The Bull Market
DTX Exchange has quickly gained popularity for its innovative take on decentralized trading, providing a secure and transparent platform. Its strong presale performance has attracted many investors, positioning it as a top investment option in the current bull run.
The platform lets traders maximize their investments with minimal capital, offering access to advanced risk management tools and real-time analytics. This helps users navigate volatile markets more effectively, aiming for higher profitability.
DTX Exchange merges the benefits of centralized and decentralized exchanges, allowing users to trade CFDs, gold, and crypto with up to 1000x leverage. Holding its utility token also offers lower trading fees and enhanced analytics tools. Additionally, anyone who buys $100 worth of DTX enters a $1 million giveaway, where ten lucky winners will each receive $100,000.
At $0.06 in Stage 3 of its presale, the DTX token offers more than just trading perks. Analysts forecast an exponential price increase after it lists on a Tier-1 exchange.
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