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With the launch of the Australian Spot Bitcoin ETF, these are the best exchange tokens to buy in June
Recently, the Australian Bitcoin ETF was launched. This development could have an impact far beyond BTC and could even cause a surge for the rest of the cryptocurrency market, especially traded coins. Today we will look at the five best trading coins that could rise in June: DTX Exchange (DTX), Binance Coin (BNB), THORChain (RUNE), Uniswap (UNI) and Bitget Token (BGB).
DTX Exchange (DTX): the presale phenomenon
DTX Exchange (DTX) has taken the cryptocurrency world by storm with its stellar presale performance. Notably, those who purchased this trading coin early are now experiencing a 100% ROI that will continuously increase. Not only that, DTX Exchange has raised over $600,000 and could cross the $1 million mark before the end of June 2024, showing its level of interest.
DTX Exchange combines CEX and DEX exchanges. Its 120,000 tradable assets, which go beyond cryptocurrencies to include stocks and even bonds, dwarf competitors like Coinbase or Binance. Additionally, the platform maintains anonymity by not requiring KYC checks during registration, a feature that will undoubtedly appeal to privacy-conscious traders.
The DTX token is central to the DTX Exchange ecosystem and offers holders numerous benefits. For example, you will get priority customer support or governance voting rights if you hold this trading coin. Additionally, DTX Exchange will reward ten lucky DTX owners who purchased $100 worth of DTX on pre-sale with $100,000 each – a significant earning opportunity.
One DTX token is currently worth just $0.04 in Phase 2 of the presale. But this price will rise to $0.06 in Phase 3 – a 50% ROI for those who buy it now. Market analysts predict a potential rise to $1 for this trading coin after a major CEX Tier-1 listing in the third quarter of 2024. This makes DTX the best trading coin to buy in June.
Binance Coin (BNB): An important price prediction for this heavyweight
Next we have to mention Binance Coin (BNB). According to data from CoinMarketCap, the price of Binance Coin has increased by over 100% in the last year alone. Crypto analyst Crypto Emily suggests this bullish trend could continue. In his post Xpredicts a potential jump to $1,000 soon for BNB.
Binance Coin technical analysis also supports this statement. Notably, Binance Coin is trading above its 100-day and 200-day EMAs, boasting 28 green technical indicators. Therefore, market analysts have made a bullish prediction for the price of Binance Coin. They expect an increase to $765 per BNB by the end of the second quarter of 2024.
THORChain (RUNE): Over $5 billion in swap volume
THORChain (RUNE) is another trading coin that has recently made headlines. In particular, analyst Rayyyk highlighted that THORChain has now reported $5.9 billion in swap volume in May 2024. This development is important as it is the third consecutive month with over $5 billion in swap volume for THORChain.
The value of the THORChain cryptocurrency has increased by more than 400% in the last 12 months. Furthermore, this trading coin is trading above its 100-day and 200-day EMAs and six technical indicators are in the buy zone. Due to all this THORChain bullish news and indicators, experts in the cryptocurrency field expect it to trade at $9 by the second quarter of 2024.
Uniswap (UNI): Over 600,000 usernames claimed
Uniswap (UNI) is a veteran in the token exchange space and isn’t going away anytime soon. Only recently, Uniswap celebrated a major achievement: 600,000 uni.eth usernames were claimed. This influx of user adoption shows that more and more people from the cryptocurrency community are starting to take an interest in the Uniswap platform.
With this increase in users there could also be an upward trend in the price of UNI. The token has already gained 100% in value on the YTD chart. Additionally, 14 indicators are flashing as buy signals for the Uniswap coin. This news from Uniswap made experts predict a rise to $15 before the end of the second quarter of 2024.
Bitget Token (BGB): Riding a Bullish Wave
Finally, we will mention Bitget Token (BGB), a trading coin that shows a bullish trend recently. CoinMarketCap data indicates that the price of Bitget Token has increased by more than 180% in the last 12 months. The Bitcoin ETF going live in Australia could cause a spillover effect that could benefit this exchange token.
The technical analysis of the Bitget Token also shows a bullish picture. For example, BGB is trading above its 100 and 200 day EMAs, while 18 technical indicators are in the buy zone. As a result, market analysts have made a bullish prediction for the Bitget Token price. They expect the Bitget Token cryptocurrency to trade at $2.30 by Q2 2024.
Concluding considerations on the most traded coins in June
With the advent of the Australian Bitcoin ETF, all these trading coins should be on your radar. However, DTX Exchange has the potential to surpass Binance Coin, THORChain, Uniswap and Bitget Token. DTX has a low market cap and ties into the $133 trillion bond market, suggesting a higher growth ceiling. This makes DTX the exchange to buy.
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