Pennsylvania recently passed a new bill that makes it legal for users to own their digital assets outright. This also means that investors can store cryptocurrencies like Binance Coin (BNB), Solana (SOL), and DTX Exchange (DTX) without going through an intermediary.
These coins and other major altcoins can also be used for payments. The cryptocurrency community is excited because this news heralds a new era of personal freedom and protection.
Binance Coin (BNB) Binance revamps Binance Connect
Binance, a leading cryptocurrency exchange, recently redesigned Binance Connect to facilitate fiat-to-crypto transactions for the Web3 project. This update makes trading cryptocurrencies easier and improves user experience and convenience. In other news, Binance Coin BNB price has settled between $540 and $620.
The bulls have not been able to break through the resistance in the upper region due to the large number of sellers. According to data from CoinMarketCap, Binance Coin price has fallen 1.9% on a monthly basis. Still, the cryptocurrency's Fear & Greed Index shows Greed, meaning that investor confidence has not declined. Analysts predict that the value of the Binance Coin cryptocurrency could soar to $712.23 in the coming weeks.
Solana (SOL) TVL to new peak
According to DefiLlama, Solana network's TVL surged to more than $6.8 billion. This brings the total to just under $250 million through early 2023. This rise could be attributed to increased trading activity by Solana-based meme coins. Furthermore, in terms of price growth, Solana coin has also been rising in recent weeks.
Based on data from CoinMarketCap, Solana (SOL) price has increased by 17.3% in the last week. Solana's price has topped $170 and looks to be heading toward $200. Sentiment towards Solana (SOL) token is positive at the moment. Investors are very confident, with the Fear and Greed Index well above 70.
DTX Exchange (DTX) gains momentum after listing on CoinMarketCap
DTX Exchange (DTX), a top ICO that recently entered the market, has been listed on CoinMarketCap. The pre-sale project has raised nearly $6 million and is priced at $0.08. Analysts suggest that the value of DTX coin could increase tenfold by the end of the year. These possibilities make it a good cryptocurrency to buy. Additionally, DTX is the native token of the upcoming hybrid exchange.
This platform has a unique trading model and is not limited to crypto trading. We also offer trading in stocks, commodities, options, indices, and ETFs in one place. This expands traders' options and allows them to interact with the growing OTC derivatives market of $7,14.7 trillion. The DTX hybrid platform is a combination of both centralized exchange (CEX) and decentralized exchange (DEX) models.
This means traders benefit from privacy, security, fast and cheap transactions. DTX Exchange also has no KYC policy, which also means that DTX users can trade and exchange assets directly on the platform without having to complete time-consuming identity verification processes. This emphasis on privacy puts DTX Exchange behind other competitors such as Binance.
How Pennsylvania news impacts Solana, BNB and DTX
Crypto-asset ownership is likely to increase as the great state of Pennsylvania leads the way in how individuals own and manage the keys to their digital assets. Analysts predict that the prices of Binance Coin (BNB), Solana (SOL), and DTX Exchange (DTX) could rise in the coming weeks.
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