Binance Coin (BNB) and TON Coin (TON) Continue to Rise, DTX Exchange (DTX) Launches First Hybrid Blockchain
Despite the volatile market, top altcoins like Binance Coin (BNB) and Toncoin (TON) are resisting the broader downtrend. These cryptocurrencies are in an uptrend and are looking for further gains. The expected interest rate cut is likely to be a catalyst for the price increase, and investors are betting big in advance.
Meanwhile, a new hybrid trading protocol, DTX Exchange (DTX), has launched the first integrated hybrid blockchain. This Layer-1 blockchain integrates traditional financial instruments with Web3 products, allowing trading of stocks, bonds, ETFs, and cryptocurrencies.
DTX Exchange (DTX): The first hybrid blockchain launched.
DTX Exchange (DTX) is a new alternative coin and one of the most promising new ICOs. As part of its roadmap, it has launched its own blockchain, the first hybrid blockchain. It is unique in that it is designed to allow trading of traditional asset classes such as stocks, forex, commodities, ETFs, bonds, and digital assets such as cryptocurrencies.
The above is what differentiates it and makes it a strong competitor in the global trading floor, which is expected to be worth $10.3 billion by 2023. Also, at its core is a strong and engaged community, which contributes to its appeal. The platform takes several initiatives to build a strong community, especially its governance model. Token holders have the power to participate in the decision-making process, giving them a say in the future of the platform.
Meanwhile, as an emerging cryptocurrency, its potential is much greater than Binance Coin (BNB) and Toncoin (TON). The presale is in the 3rd round and the price is only $0.06. It is an absurdly undervalued price. It is expected to increase 100x after its debut, so it is a new DeFi project to watch.
Binance Coin (BNB) Approaches $600
Binance Coin (BNB) is one of the biggest players in the cryptocurrency space. It is natively offered on Binance, the world’s largest centralized cryptocurrency trading platform. It is also a utility token on the BNB Smart Chain, contributing to its massive demand and subsequent price increase.
On the daily chart, BNB price is up 5%, maintaining bullish momentum. This increase has extended to the weekly chart, where it is up 6%. With support at $540 reclaimed and the path to $600 on the way, Binance Coin (BNB) is one of the tokens that continues to remain on the radar.
Its core role as a utility token for the entire Binance ecosystem makes it one of the most promising cryptocurrencies. It is on its way to another all-time high before the end of the year. Having bounced back from $720 in June, this cryptocurrency is an altcoin to watch.
Toncoin (TON): Up 15% on the weekly chart
TON, the viral Telegram-based cryptocurrency, is one of the leading altcoins. It is in the top 10 in the cryptocurrency market, closely behind Dogecoin and XRP. After a sharp drop in price following the arrest of Telegram CEO Pavel Durov, it is on a comeback mission.
Toncoin price has risen by over 15% in the last 7 days, returning to its monthly high of $7.1. It is trading above the $5.3 support, which is a good entry point for savvy investors. It is expected to rise further in the coming days.
Toncoin price predictions are on investors’ radars as they expect to close above $6 this week. If they show strength, there is a good chance of more gains down the road. With the Telegram mini-game app continuing to gain traction, the outlook for Toncoin (TON) is brighter than ever.
conclusion
While Binance Coin (BNB) and Toncoin (TON) are on the rise, DTX Exchange may be the real deal. The pioneering hybrid exchange protocol is gearing up to reshape the global trading scene by recently launching its own blockchain. As it moves towards adoption, it is bullish to capitalize on it.
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