The post Whales Dump BNB and ADA for DTX Exchange: Bullish Q4 Ahead appeared on BitcoinEthereumNews.com.

Cardano (ADA) and Binance Coin (BNB) are among the most popular crypto assets because of their strong blockchain architecture, scalability, and sustainability. However, current market patterns suggest that their prices may lag behind other products. BNB, the Binance Ecosystem’s native cryptocurrency, fell even after the release of Binance’s founder and former CEO from prison. The release of CZ appears to have done little for his platform’s native token, of which he owns a large portion of the allocation. Although Cardano (ADA) and Binance Coin (BNB) are strong forces in cryptocurrency, DTX Exchange is emerging as a dominant force capable of providing significant returns to investors. Its hybrid trading platform and distinct characteristics make it a top DeFi project to invest in for potential big profits. Binance Coin (BNB) has no impact on the price with the release of CZ The former CEO of Binance, Changpeng Zhao, is the 24th richest man in the world, with a net worth estimated to be in the $61 billion area due to his massive 64% stake in the whole Binance Coin (BNB) supply. It was anticipated that his release from prison would lead to a rally of the Tokens within his sphere of influence. The price of the Binance Coin (BNB) has decreased from when it was traded at $700 per token a few months ago. CZ now has 94 million Binance Coin (BNB) tokens in circulation, which is valued at over $57 billion. According to a Forbes 2024 Analysis conducted with Grey Wolf Analysis, the original Binance team was given 80 million Binance Coin (BNB) tokens, of which 46 million are now in their possession. The biggest impact of CZ’s legal battle with US authorities on BNB occurred in 2023 when Binance Ltd. and the SEC came to a $4 billion deal. CZ…

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Filed under: News - @ October 1, 2024 10:27 pm