Following an unexpected turn of events, it appears that the Biden administration is considering accepting donations in cryptocurrency. Thus, traders are looking for exchange coins that could benefit from this development. This article will examine five of them: DTX Exchange (DTX), Binance Coin (BNB), Uniswap (UNI), THORChain (RUNE) and PancakeSwap (CAKE).
DTX Exchange (DTX): The Best Exchange Token Right Now
First, we must mention DTX Exchange (DTX), a new exchange coin gaining traction. Having raised $270K in just one month and amassed $700K so far, it is projected that the figure will rise to $1M before June 2024 ends. Moreover, traders are up 100% in ROI–a fantastic yield.
What sets DTX Exchange apart is its revolutionary hybrid trading platform. CEX and DEX have been combined for this model so users can enjoy maximum benefits from both worlds. In fact, versatility has been enhanced such that over 120k asset classes, including stocks, forex and cryptos, are tradable, with leverage options reaching up to 1000x.
This platform will operate thanks to the DTX utility token. Holding this exchange coin will give you access to advanced analytics tools and reduced trading fees. Those who buy $100 of DTX during its presale will also enter a $1M giveaway, in which DTX Exchange will give $100K to ten lucky individuals.
In Stage 2 of its presale, the DTX token costs $0.04, but this percentage will go up to $0.06 when Stage 3 starts. This will give anyone who buys it now a 50% ROI. When a Tier-1 CEX lists DTX in Q3 2024, experts foresee a 100x surge for this exchange coin. Since it also has ties to the $133T bonds market, this price prediction for DTX could quickly come true.
Binance Coin (BNB): A Leading Player in the Exchange Coin Space
Next, we will discuss Binance Coin (BNB), the utility token of the BNB Chain ecosystem. According to CoinMarketCap data, the Binance Coin price increased over 150% in the past 12 months. Moreover, crypto analyst Altcoin Sherpa remains bullish on this exchange coin. In his X post, Sherpa claims that BNB could retrace to its Fibonacci levels before seeing a big surge.
The technical analysis of the Binance Coin crypto supports this statement. For example, BNB is trading above its 100- and 200-day EMAs with 18 green technical indicators. Thus, other market analysts have a bullish Binance Coin price prediction as well. They forecast a potential rise to $764 for Binance Coin within Q2 of 2024.
Uniswap (UNI): New Acquisitions May Trigger a Rally
Uniswap (UNI) is another exchange coin making waves in this space. Recently, Uniswap announced that it has acquired Crypto: The Game. With this development, the CTG team will continue their work on Season 3, but this time as a member of Uniswap Labs. Additionally, they will create on-chain experiments for the Uniswap community.
This bullish Uniswap news could be a catalyst for a major upward move. Speaking of which, the Uniswap crypto experienced a 100% surge in the last year alone. Also, over 14 technical indicators are flashing buy signals for this exchange coin. As a result, experts in the crypto field predict Uniswap trading at $14 before Q2 of 2024 ends.
THORChain (RUNE): Another Member of the Best Exchange Coins
THORChain (RUNE) is fourth on our best exchange coin list. According to CoinMarketCap data, the THORChain price surged over 450% on the YTD chart. Crypto analyst Leshka also remains bullish on RUNE. Their X post shows THORChain is in its accumulation phase and may jump to $15 soon.
From a technical analysis standpoint, the future of the THORChain crypto is also bright. RUNE trades above its 100—and 200-day EMAs, while ten technical indicators are in the buy zone. For these reasons, experts in the crypto field have made a bullish THORChain price prediction. They predict its value will grow to $6 before the end of Q2 2024.
PancakeSwap (CAKE): New Integration With Zyfi
Finally, we will discuss PancakeSwap (CAKE), another major exchange coin making headlines. For instance, Zyfi announced that it has integrated with PancakeSwap for gas-free DeFi trading. With this development, PancakeSwap users will benefit from gasless transactions on certain token pairs.
Thanks to this PancakeSwap news, an uptrend may soon come for it. The CAKE value movement rose nearly 80% in the past 12 months. Additionally, four technical indicators are flashing green signals for the PancakeSwap coin. Thus, market analysts forecast that PancakeSwap may hit the $3.47 level within Q2 of 2024.
Final Thoughts on the Most Promising Exchange Coins
The Biden administration’s willingness to take on cryptocurrency donations is a significant move towards popularizing digital assets. During this period, exchange coins such as DTX Exchange, Binance Coin, Uniswap, THORChain and PancakeSwap will have explosive growth.
However, DTX Exchange has a competitive advantage as it possesses a lower market cap and ties to many trillion-dollar financial markets, like the $1.4T FX market. Because of this, DTX will surge much faster and easier than its rivals. For all these reasons, DTX emerges as the best exchange coin to buy.
