Top 3 Altcoins (BNB, SHIB, DTX) Gearing Up for the Bull Market; Which Will Give the Best Returns?

After the Fed rate cut, the prison release of Changpeng Zhao (CZ), the founder of Binance and creator of its native token BNB, could take the market to new highs.

After the recent Fed rate cut, the upcoming prison release of Changpeng Zhao (CZ), the founder of Binance and creator of its native token BNB, could propel the cryptocurrency market to new highs. Investors are gearing up for the anticipated October rally and seeking coins capable of delivering 10X returns, akin to Cardano (ADA) in its early days.

However, after reaching an all-time high of $3.099, Cardano (ADA) has been in a continuous downtrend, prompting investors to explore other opportunities.

In this article, we will highlight the top three altcoins—BNB, Shiba Inu, and DTX Exchange—that are being closely followed by price action analysts and could yield substantial returns in the coming months.

Impact of CZ's Release on BNB Price Action

Changpeng Zhao, the former CEO of BNB, will complete his four-month imprisonment on September 29, 2024. His release could positively influence BNB's price, considering his pivotal role in the token's success and prominence in the crypto market. BNB's price has already broken out of the descending trendline, and strong participation from bulls in this breakout could lead to a new rally in the market.

Moreover, the Bohr hard fork, a major upgrade for BNB Smart Chain, will activate on the BSC mainnet the same day. This update will enhance BNB's efficiency and scalability by introducing four new BEPs to optimize the network's performance.

Shiba Inu (SHIB) Developer Affirms Commitment to Network

Over the last two weeks, we have observed a positive momentum in the market, but Shiba Inu has shown a lackluster performance. Shiba Inu rallied to $0.000015 but has since pulled back to the 10-period moving average.

Shytoshi Kusama, Shiba Inu's lead developer, once again highlighted his dedication to the project's core values, irrespective of the community's support. In a post on X yesterday, Kusama stated that he has always acted in Shiba Inu's best interests and will continue to do so. This response follows a heated exchange with a community member who insulted him and accused Kusama and other key figures in the Shiba Inu ecosystem of being dishonest.

DTX Exchange Set to Capitalize on Bull Market

DTX Exchange has rapidly gained recognition for its innovative approach to decentralized trading, offering a secure and transparent platform. Its strong presale performance has attracted many investors, positioning it as a top investment in the current bull run.

The platform enables traders to maximize their investments with minimal capital, providing access to advanced risk management tools and real-time analytics. This helps users navigate volatile markets more effectively, aiming for higher profitability.

DTX Exchange combines the advantages of centralized and decentralized exchanges, allowing users to trade CFDs, gold, and crypto with up to 1000x leverage. Holding its utility token also entitles traders to lower trading fees and enhanced analytics tools. Additionally, anyone who purchases $100 worth of DTX will be entered into a $1 million giveaway, with ten lucky winners each receiving $100,000.

At $0.06 in Stage 3 of its presale, the DTX token offers more than just trading perks. Analysts anticipate an exponential price increase after it lists on a Tier-1 exchange.

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