The crypto market has been experiencing a rough patch, with popular cryptocurrencies like Binance Coin (BNB) and Solana (SOL) facing significant challenges. As these digital assets struggle, many investors are looking for safer, more reliable options to grow their wealth.
One such opportunity is the TradFi Star DTX Exchange, which offers a promising alternative for those looking to invest wisely. In this article, we will discuss why investing in the TradFi Star DTX Exchange could be your key to earning a fortune amidst the current market turbulence.
BNB Chain launches $1M gas grants program amid market bounce
Binance Coin (BNB) Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, announces the launch of its enhanced Gas Grants Program. This initiative aims to drive sustained innovation and growth within the BNB Chain ecosystem by offering over $1 million in rewards over the next three months. Registration can be made here.
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, Binance Coin (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.
Solana criticized for centralization and High transaction failures
Solana (SOL) is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Solana (SOL), known as an “Ethereum killer,” is facing a lot of criticism lately. People are accusing the network of being a disguised Ponzi scheme.
The main reason is that about 85% of transactions on Solana (SOL) are voting transactions, which mostly benefit the most powerful validators—those who already have a lot of influence on the network.
This makes it harder for new participants to succeed, creating a “rich get richer” situation. Some are even saying it’s like a pyramid scheme, where new validators have to keep putting in money just to keep the system going, mainly helping those who are already established.
On top of that, Solana is dealing with serious technical problems, with some protocols experiencing a transaction failure rate as high as 83%, costing users a lot of money.
DTX: A new and promising DeFi project
DTX Exchange (DTX), an up-and-coming altcoin, kicks off this list, having more room for growth than established tokens like BNB and Solana. As a low-cap gem, its potential is unrivaled, with over $1.4 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.
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