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Cryptocurrency News Articles
Binance Coin (BNB) Founder Released from Prison, Solana (SOL) and DTX Exchange (DTX) Battle Heats Up
Oct 03, 2024 at 02:00 am
Following a prolonged prison charge, the Binance community now sees its founder back home after he was recently released. This news has spread a positive gesture in the market about Binance Coin (BNB).
Binance founder returns home after a prolonged prison charge
Following a prolonged prison charge, the Binance community now sees its founder back home after he was recently released. This news has spread a positive gesture in the market about Binance Coin (BNB). Meanwhile, the back-and-back competition between Solana (SOL) and DTX Exchange (DTX) gets heated, with both exchanges displaying robust key indicators.
Binance founder returns home after a prolonged prison charge: Key details
In the latest crypto news, Binance founder Champeng Zhao was released from prison after serving a lengthy sentence for financial crimes. This news has sparked speculation about the future of Binance Coin (BNB) and whether it will rally in the coming months.
According to on-chain data, Binance Coin (BNB) has been consolidating within a crucial range for months, and a breakout from this zone could lead to a sharp move in either direction. In the meantime, technical indicators suggest that BNB is preparing for a potential rally.
Solana (SOL) price performance & future outlook: Key details
Unlike Binance Coin (BNB), Solana (SOL) has been a victim of the broader market shift, with its price facing a 1.73% decline in the last 24 hours. This has dragged down its market cap by $1.3 billion, and its 24-hour trading volume has also decreased by $200 million.
According to on-chain data, Solana (SOL) must break through its current resistance level to aim for higher gains in the upcoming bull cycle. On the contrary, if it fails to keep up with the shifting broader market trends, it might fall to lower lows and face a major crash. Its technical indicators paint a similar picture in the short-term outlook.
DTX Exchange’s presale gains momentum: Beats Solana (SOL)
DTX Exchange (DTX) is leading the pack with its first unified chain ‘VulcanX.’ After this upgrade went live on the exchange, DTX Exchange experienced a massive inflow from crypto whales. As of today,DTX Exchange’s presale is at a whooping $3.39 million, with only 32% left before this AI-crypto enters its round 4 at $0.08 per DTX token.
DTX Exchange has become a leading hybrid exchange through its ability to fill the gap between the modern crypto market and traditional financial systems. The platform provides access to a wide range of markets and facilitating trading directly from users’ crypto wallets. DTX Exchange empowers millions of unbanked individuals with cutting-edge tools to grow their wealth.
Concluding thoughts: Key takeaways
Binance founder Champeng Zhao was released from prison after serving a lengthy sentence for financial crimes. This news has sparked speculation about the future of Binance Coin (BNB) and whether it will rally in the coming months.
Solana (SOL) has been a victim of the broader market shift, with its price facing a 1.73% decline in the last 24 hours. This has dragged down its market cap by $1.3 billion, and its 24-hour trading volume has also decreased by $200 million.
DTX Exchange (DTX) is leading the pack with its first unified chain ‘VulcanX.’ After this upgrade went live on the exchange, DTX Exchange experienced a massive inflow from crypto whales. As of today,DTX Exchange’s presale is at a whooping $3.39 million, with only 32% left before this AI-crypto enters its round 4 at $0.08 per DTX token.
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