The crypto market, while promising, isn’t a straight line—prices constantly trade upward and downward. Currently, Aptos (APT), one of the top altcoins, trades on the downside. But with a comeback on the cards, savvy investors are already gobbling up the dip.
At the same time, DTX Exchange (DTX), a new exchange-based token, has emerged as a strong Binance Coin (BNB) contender. Unlike BNB, it bridges the gap between TradFi and DeFi while combining the best elements of centralised and decentralised exchange types.
DTX Exchange (DTX): Races Toward $1
DTX Exchange (DTX) is a new exchange protocol but with a slight twist. Taking a different approach, it stands at the crossroads between centralised and decentralised exchange types. Unlike Binance Coin (BNB), users will enjoy access not only to crypto assets but conventional financial instruments like stocks, bonds and ETFs, among others.
Given the above, it couldn’t be better positioned to transform the $10 billion global trading market. The launch of its Layer-1 blockchain, VULCANX, represents a significant stride toward this goal, designed to integrate traditional assets with cryptocurrencies.
The presale is quickly selling out; more than $2.6 million has already been raised in early funding. This frenzy can be linked to its innovative concept and unique offerings, alongside its upside potential as a low-cap gem. Ridiculously undervalued at $0.06 per token in the 3rd round and tipped for a jump past $1 before the year’s end, it might be a more compelling option than BNB or Aptos (APT).
Aptos (APT): Price and Sentiment Take a Hit
Aptos (APT), a proof-of-stake (PoS) blockchain with its programming language, Move, is a popular name in the crypto space. It aims to bring mainstream adoption to Web3 via a solution-driven ecosystem of dApps, contributing to its ascent.
As one of the top altcoins, it isn’t surprising that it is constantly on investors’ radars. While Aptos’ (APT) performance in the past few days was among the most promising, sentiment has since taken a dip, erasing previous gains.
On the weekly chart, the Aptos crypto tumbled 8%, hovering above the $5.5 support. It fell from the weekly high of $6.3 to the current market price, which, on the bright side, provides a good entry. With a breakout above $6 anticipated before the week’s end, it is among the altcoins to watch.
Binance Coin (BNB): A New ATH on the Horizon?
Binance Coin (BNB), the largest and most popular exchange-based token, is a top 5 cryptocurrency. It trails behind only Ethereum (ETH) on the altcoin list, highlighting its market dominance. Interestingly, it launched with an initial coin offering (ICO) in July 2017 at 15 cents per token and skyrocketed past $720 seven years later.
According to CoinMarketCap data, the BNB price has risen over 550,000% from it’s all-time low of $0.09. This again points toward its explosive growth since its launch, setting the standards for new ICOs and altcoins.
On track for another price discovery, the BNB crypto is worth betting on this year. According to experts, it is primed for a jump past $1,000 in Q4. Bullish catalysts expected to drive its price are decisions on the Fed rate cut and the upcoming US election.
Conclusion
Recent bearish pressure pushes Aptos (APT) to the downside, although a comeback is in the picture. Meanwhile, DTX Exchange (DTX), a new player in the global trading scene, is set to rival Binance Coin (BNB). Taking a different approach as a hybrid protocol and serving as a bridge between Web3 and TradFi, DTX is a new DeFi project to watch out for.
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