The FTX $12.7 billion repayment is a bullish catalyst many never expected, considering the exchange’s collapse was behind the 2022 bear market. With fresh liquidity to be injected into the crypto market, Binance Coin (BNB) and Solana (SOL) are altcoins to watch.
Meanwhile, whales have been positioning themselves ahead of the upcoming bull run. The latest whale who made over a million dollars is currently mass-accumulating DTX Exchange (DTX), a new exchange-based token hailed as the future of trading. Given its novelty and growth prospects, it is a new DeFi project to keep on the radar.
DTX Exchange (DTX): Capturing Whale and Retail Interest
The viral hybrid exchange-based token DTX Exchange (DTX) is the latest sensation on the investment block. It captures whales’ interest and has also won the hearts of retailers and experts, courtesy of its novelty and upside potential.
As an emerging cryptocurrency, its future is explosive, putting it on investors’ radars. Over $3.5 million has been raised in the ongoing presale, suggesting confidence in its potential and appeal. Meanwhile, a token is underpriced at $0.06 in the third round and is tipped for a 5,500% upswing after listing on Tier-1 exchanges.
Given the above, it is on course to outperform top crypto coins like Solana (SOL) and Binance Coin (BNB). Further, its novelty as a hybrid exchange protocol makes it a strong crypto contender. By building a one-stop platform where users can trade thousands of assets across TradFi and DeFi, it is poised to transform the $10 billion global trading space.
Binance Coin (BNB): $1,000 Before the Year’s End?
Binance Coin (BNB) is the native utility token of the Binance network, which includes the BNB Smart Chain, Trust Wallet and a centralized crypto exchange. Its use cases span exclusive token sales, payments and participation in launchpools.
The above paints a bullish picture of why the BNB coin is among the best coins to invest in. Moreover, with the price in an attractive buying zone, it presents a better entry ahead of the next leg of its bull run, which the FTX repayment will spark.
On the weekly charts, the BNB price tumbled 6% from a high of $615 to $545. Geopolitical tension in the Middle East is behind this decline but a comeback is around the corner. Analysts predict a climb toward $600 and above $1,000 before the year’s end as the effect of the FTX repayment kicks in.
Solana (SOL): Sights Set on a New Peak
Solana (SOL) is another altcoin to watch out for as the FTX repayment to customers begins. The DeFi giant, which facilitates the creation of decentralized applications and hosts other cryptocurrencies, is one of the top altcoins and most sought-after.
Its rapidly growing ecosystem, including its meme scene, drives demand. Equally important is the leading status of Solana (SOL) in the crypto market—it trails behind only Ethereum (ETH) and Binance Coin (BNB) on the altcoin list.
Given the above, Solana is poised to be one of the popular options for the FTX creditors as repayment begins. Its solid fundamentals as a Layer-1 token, not to mention its rising demand, make it one of the best cryptos to invest in. According to forecasts, it is on track to hit a new ATH before the year’s end.
Conclusion
As FTX repayment begins, Binance Coin (BNB) and Solana (SOL) are altcoins to watch, tipped to go on price discoveries. Meanwhile, DTX Exchange (DTX), an emerging cryptocurrency, is the latest investor favorite. Its 5,500% upside potential and novelty—a new hybrid exchange protocol—make it a must-have.
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