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BNB, FTT, CRO are exchange-related tokens
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Crypto exchange related tokens have additional security protection
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All Tokens Are Bullish and Offer Opportunities in August
Tokens backed by crypto exchanges are great to own due to their enhanced security. The list of exchange-related tokens is endless, but we bring you our top 3 choices. These are the tokens with great potential in his August if the current bull market continues.
Binance Coin (BNB)
BNB/USD ranks as the largest crypto exchange related token. With a market capitalization of around $46.6 billion, it ranks 5th in the overall crypto market. Cryptocurrencies are backed by Binance, the world’s largest cryptocurrency exchange.
BNB ranks as a cryptocurrency to watch in August when most cryptocurrencies come out. As trading volume increases, Binance attracts more users and BNB gets a boost.
Source TradingView
BNB has regained the $288 level after its recent rally. This will take it to the next level at $326 in August.
FTX Token (FTT)
FTX Token FTT/USD may not be in top 20 tokens. Ranked #22 with a market capitalization of $4.23 billion, the FTT token is one of the tokens to watch in August. FTX continued to perform well as the market crashed and most cryptocurrency exchanges faced liquidity issues. His CEO of FTX, SAM Bankman-Fried, even went so far as to help struggling companies. FTT will grow as cryptocurrencies recover.
Source TradingView
After the recent rally, the FTT has reached resistance at $32. A breakout above the resistance or retracement will initiate a buy trade next month.
Chronos Token (CRO)
Khronos Token CRO/USD ranks 24th with a market cap of $3.497 billion. The Crypto.com exchange appears to have succumbed to the bear market by announcing a reduction in card rewards. But it’s backtracking, and its tokens are remarkable.
Crypto.com is a leader in acquiring and growing sports deals. If trading really does get anything big, it’s when cryptocurrencies start to explode.
Source TradingView
CRO has broken out of the $0.12 resistance. The token he will buy in August with a target of $0.168.