The post DTX Exchange (DTX) Preparing To Ride The Bull Market appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ September 25, 2024 12:24 pm