The crypto market is heating up as Bitcoin (BTC) gains momentum, aiming for a new peak before the US election. Amid rising positive sentiment, a new crypto contender has emerged: DTX Exchange (DTX). This new exchange-based token stands at the intersection of traditional and decentralized finance, aiming to challenge the dominance of Binance Coin (BNB).
At the same time, whales have been betting on it over Chainlink (LINK) given its novelty as a hybrid trading platform and upside potential. Hailed as one of the best cryptos to invest in, this is a new DeFi project worth checking out.
DTX Exchange (DTX): Is it the Best New Crypto to Invest in?
DTX Exchange (DTX) is the latest investor favorite for several reasons. For one, it is as solid as they come: a hybrid trading platform. It combines DEX and CEX’s best elements—a one-stop exchange protocol that meets all trading needs.
It also aims to bridge the gap between traditional and decentralized finance. The hybrid blockchain will integrate conventional financial instruments with Web3 products, allowing the trading of diverse assets across stocks, bonds, ETFs, forex and cryptocurrencies. On track to reshape the $10 billion global trading scene, it is clear why it has been touted as a rival of Binance Coin (BNB).
With the token pre-listed on CoinMarketCap having crossed $6 million in early funding, it is arguably this quarter’s best presale. A token costs only $0.08 in the fourth round of the ICO and gears up for a 50x rally after its debut, capturing whale interest over Chainlink (LINK).
Binance Coin (BNB): Can it Breakout Above $700?
Binance Coin (BNB) is an industry leader, playing a key role as the largest exchange-based cryptocurrency. It powers the centralized crypto exchange Binance and the BNB Smart Chain, a DEX platform. Some of its use cases include payments and participation in exclusive token sales.
It ranks as the 4th largest cryptocurrency by market capitalization and is behind only Ethereum on the altcoin list. This highlights its leading status and why it is a favorite among institutional investors—retailers not as much.
The BNB price has been consolidating, forming a base around $600. A breakout is anticipated in the coming days, tipped for a rally above $700. This BNB price prediction is on track to play out, especially if Donald Trump wins the US election, placing it on the list of altcoins to watch.
Chainlink (LINK): Eyes a New ATH This Bull Run
The Oracle network Chainlink (LINK) is a top-15 cryptocurrency. The blockchain abstraction layer enables universally connected smart contracts, allowing blockchains to securely interact with external data feeds. The significance is the creation of cutting-edge decentralized applications (dApps).
Amid Bitcoin’s dominance, altcoins have been largely underwhelming. The Chainlink price nosedived over 10% in the past 30 days and more than 4% on the weekly chart. It changes hands above the $10 support, with sights set on reclaiming its March high of $21.
A Chainlink price prediction suggests a rally above $50 before the year’s end. While a Trump presidency might be more bullish for crypto, Kamala Harris winning doesn’t spell doom for the crypto market. Tipped to surpass its 2021 all-time high of $52.8 during this bull run, Chainlink (LINK) and Binance Coin (BNB) are arguably some of the best cryptos to invest in.
Conclusion
DTX Exchange (DTX) is a new Binance Coin (BNB) contender given its novelty. It will fuel a hybrid trading platform that combines the best elements of CEX and DEX. With adoption imminent, whales have been betting on it over Chainlink (LINK), a strong bullish indicator.
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