Pennsylvania has recently passed a new bill that will make it legal for users to completely own their digital assets. This also means that investors can store cryptocurrencies like Binance Coin (BNB), Solana (SOL), and DTX Exchange (DTX) without intermediaries getting involved.
These coins and other top altcoins can be used to make payments also. This news has got the crypto community excited because it heralds a new era of personal freedom and protection.
Binance Coin’s (BNB) Binance Revamps Binance Connect
Binance, the leading cryptocurrency exchange, has recently redesigned the Binance Connect to facilitate fiat-to-crypto transactions for the Web3 projects. The update makes it easier to trade cryptocurrencies and improves user experience and convenience. In other news, the price of the Binance Coin BNB is consolidating between $540 and $620.
Bulls have not been able to breach the resistance at the upper region due to a large number of sellers. CoinMarketCap data shows that the Binance Coin price has dropped 1.9% on the monthly timeframe. Still, the cryptocurrency’s Fear & Greed Index is showing Greed, meaning investors’ confidence has not dropped. Analysts forecast the value of the Binance Coin crypto could surge to $712.23 in the coming weeks.
Solana (SOL) TVL Pumps To New Peak
According to DefiLlama, the TVL on the Solana network has surged to over $6.8 billion. This totals below $250 million up to the beginning of the year 2023. This rally may be blamed on the elevated trading activities with Solana-based memecoins. Moreover, with regard to price growth, the Solana coin has also been on the rise in the last few weeks.
In the last week, the price of Solana (SOL) increased by 17.3% based on CoinMarketCap data. The Solana price has broken above $170 and looks headed for $200. The sentiment for the Solana (SOL) token is positive at the moment. Investors have become very confident, and the Fear and Greed Index is well over 70.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
DTX Exchange (DTX) Gains Momentum After CoinMarketCap Listing
DTX Exchange (DTX), a top ICO that recently entered the market, has been listed on CoinMarketCap. The presale project has raised nearly $6 million in funding and is priced at $0.08. Analysts suggest that the value of the DTX coin could increase by 10x before the year ends. Such potential makes it a good crypto to buy. Besides, DTX is the native token of an upcoming hybrid exchange.
The platform has a unique trading model and is not limited to cryptocurrency trading. It also offers stocks, commodities, options, indices, and ETFs trading in one place. This extends the options for traders and allows them to interact with the growing $714.7 trillion OTC derivatives market. The DTX hybrid platform is the combination of both centralized exchange (CEX) and decentralized exchange (DEX) models.
This means the trader benefits from privacy, security and fast and cheap transactions. It also means that DTX users can trade and swap their assets directly on the platform without having to complete the lengthy identification process, as there is no KYC policy on DTX Exchange. This emphasis on privacy makes DTX Exchange leave behind other competitors such as Binance.
How the Pennsylvania News Could Affect Solana, BNB, and DTX
With the great state of Pennsylvania spearheading the way for individuals to own and manage keys to their digital assets, there could be a rise in crypto ownership. Over the next couple of weeks, analysts forecast that the prices of Binance Coin (BNB), Solana (SOL), and DTX Exchange (DTX) could go up in value.
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