Top 3 Cryptos to Bet on During Market Decline: BNB, TRON and DTX Exchange
A popular saying in the crypto scene is “buy the dip,” being greedy amid overwhelming fear and FUDs. With the market often bouncing back, the three cryptos to bet on amidst the market’s downturn are Binance Coin (BNB), TRON (TRX) and DTX Exchange (DTX). Besides being in attractive buy zones, courtesy of the latest market [...]
A popular saying in the crypto scene is “buy the dip,” being greedy amid overwhelming fear and FUDs. With the market often bouncing back, the three cryptos to bet on amidst the market’s downturn are Binance Coin (BNB), TRON (TRX) and DTX Exchange (DTX).
Besides being in attractive buy zones, courtesy of the latest market decline, BNB and TRX also play key roles in the crypto scene, setting them up for growth. Meanwhile, DTX, a novel hybrid exchange protocol and low-cap gem, boasts significant growth prospects.
DTX Exchange (DTX): A New and Promising DeFi Project Not to Miss Out On
DTX Exchange (DTX), an up-and-coming altcoin, kicks off this list, having more room for growth than established tokens like BNB and TRON. As a low-cap gem, its potential is unrivaled, with over $1.3 million raised amid the presale frenzy.
The ICO is in round 2 and a token costs just $0.04. This low entry point, not forgetting its significant upside potential, makes it a new DeFi project to bet on irrespective of current market conditions. With adoption imminent, analysts project a 100x upswing after its debut and listing on Tier-1 exchanges.
Its impending transformation of the $10 billion global trading market makes it a new DeFi project to watch out for. This hybrid exchange protocol stands at the crossroads between CEX and DEX and bridges the gap between crypto and traditional finance (TradFi), setting it up for adoption.
Binance Coin (BNB): $700 Inbound
Binance Coin (BNB), an exchange-based cryptocurrency, is a top altcoin. The BNB coin is the utility token of Binance—the world’s largest crypto exchange—Binance Chain, BNB Smart Chain and Trust Wallet, among others.
However, following the market’s recent downturn, it nosedived, falling from its June all-time high of $720 to $500. Also contributing to its bearish woes is profit-taking among investors.
But a bounce is already unfolding, which experts believe might be the start of a big jump. According to forecasts, BNB will hit $700 in the coming weeks, making it an altcoin to watch out for.
TRON (TRX): Set for a Jump Past $0.5
TRON (TRX), a Layer-1 blockchain platform, rounds off this list. Despite huge competition in the L1 ecosystem—Ethereum and Solana lead the race—it is still a favorite destination among developers and projects.
Its run this year has been impressive, although dwarfed by the explosive growth of altcoins like Toncoin. It also hasn’t made as many headlines as Ethereum or Solana. The former recently made its debut on Wall Street and the latter got wrapped in an exchange-traded fund in Brazil.
Nevertheless, the TRON crypto has shown resilience and strength in the crypto market. With market conditions inching toward a bounce, the TRON price is poised to skyrocket. This places it on the list of altcoins to bet on—a jump past $0.5 is projected before the end of quarter 4.
Conclusion
Current market conditions might be underwhelming, but the three altcoins to bet on ahead of a bounce are BNB, TRON and DTX Exchange. Beyond the gains, these altcoins play key roles in the crypto space, from DeFi to Layer 1.
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