In the world of cryptocurrency, big token transfers are always of interest, and a recent transfer of 1 trillion PEPE tokens to Binance is no exception. This large Pepe (PEPE) transaction has raised the interest of traders and suggests that the price of this memecoin could rise soon.
Meanwhile, Binance Coin (BNB) has crossed the $600 mark. DTX Exchange (DTX) is also gearing up to release its new wallet, which will also generate interest in the crypto space. The wallet will allow DTX users to store different kinds of assets ranging from cryptocurrencies to stocks and bonds.
Whale Moves 1 Trillion Pepe (PEPE) To Binance
According to recent data from Whale Alert, an unknown address moved over 1 trillion Pepe (PEPE) to Binance on October 28th. The large transfer has fueled negative sentiment in the crypto market, as many expect the value of the Pepe coin to drop in the coming weeks. In the meantime, the price of the memecoin has dipped on the weekly and monthly timeframes.
Data from CoinMarketCap shows losses of 10% on the weekly and 18% on the monthly level. Despite the losses, analysts are bullish about the future price movement of the Pepe crypto. They expect the value of the cryptocurrency to rise to new levels in the next few weeks. Coincodex forecasts the Pepe price could soar past the 200-SMA ($0.000009348) to $0.00002901 by November.
Binance Coin (BNB) Price Soars Past $600, What To Expect
Binance Coin (BNB) has started an uptrend and could finally retain the $600 level if bulls hold their ground. According to CoinMarketCap, the Binance Coin crypto has gained profits on the weekly and monthly levels. Binance Coin (BNB) remains among the top 5 cryptocurrencies as its market cap consolidates between $540 and $620.
At the moment, most of the cryptocurrency’s technical indicators are bullish and support the latest uptrend. The Binance Coin price could pump to $700 if bulls hold the upward momentum. However, this would depend on market sentiment. In the case of a pullback, the Binance Coin BNB has a strong support level at the 200-SMA ($571.04). Breaking below this support could create a steep decline, which might pull the cryptocurrency to former lows.
DTX Exchange (DTX) Upcoming Wallet Launch Attracts Interest
DTX Exchange (DTX) has made headlines as it announced its long-awaited wallet would be launching anytime from now. The new wallet called Phoenix Wallet will give users top-notch security and help to safeguard their assets. DTX Exchange has gained popularity rather fast and the first investors who bought it got a 300% profit.
The cryptocurrency ICO has brought in $6.2 million, which is a clear indication that investors are placing their trust in the project as well as their belief in the potential of DTX Exchange. The hybrid trading platform will combine the best of CEX and DEX. This hybrid model will enable the trader to engage in trades of over 120,000 asset classes, including stocks, cryptos, and bonds, among others.
The trading possibilities are boosted by the 1000x leverage that is provided to give users the best returns while at the same time allowing them to have a more flexible trading platform. The heart of this ecosystem is the DTX utility token which is used to access different functions and services of the platform. Currently, in the third stage of its presale, the DTX token is priced at $0.08. Analysts predict the value of the DeFi cryptocurrency could pump by 10x soon
Final Thoughts
While the market is still digesting the massive transfer of huge Pepe (PEPE) tokens to Binance, the upcoming launch of the DTX wallet could attract more users to the DTX Exchange. The DeFi project would be among the few exchanges that allow users to hold cryptocurrencies and traditional assets in one wallet.
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