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Are you a cryptobottom in? Is it the right time to start buying cryptocurrencies? These are some of the questions investors are grappling with right now. Cryptocurrency prices are still sluggish, but there is a good chance that they will hit a bottom. One signal of such a possibility is that Bitcoin whales are increasingly moving coins to derivatives exchanges.
This usually happens when a bottom has been reached, with buyers anticipating another speculative uptick. At the same time, the Ethereum merger has breathed new life into the cryptocurrency market after hitting new lows in volumes over the past few months. Some struggling cryptocurrencies could crash in the coming weeks if the bulls regain full market control. Today we will introduce some of them.
Binance Coin (BNB) is currently trading in the direction of the overall market. However, it recently underwent a network upgrade, so it could rise in the next few days, especially if the broader crypto market continues to gain upward momentum.
One of these upgrades is the release of the zkBNB testnet. This allows BNB to scale better by handling up to 100 million addresses and over 10,000 transactions per second.
Given that scalability is one of the challenges facing many cryptocurrencies, this is a big issue. And since BNB is a deflationary cryptocurrency, it is one of the best cryptocurrencies to watch, not just for September, but for the rest of 2022 as well.
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Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low transaction fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
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Ergo (ERG) recently came into the spotlight after Cardano founder Charles Hoskinson spoke out about the Ethereum merger. I think it would be better to switch machines to ergos.
While this is just an opinion and has nothing to do with the market, it should be noted that Hoskinson is one of the most powerful voices in the crypto industry. So his opinion on Ergo could drive investors who didn’t know about Ergo to buy. That’s why it’s a cryptocurrency worth watching at a time when bullish signals are starting to emerge across the market.
Kucoin is a cryptocurrency exchange that offers over 200 cryptocurrencies. Kucoin has a wide range of services including: Built-in peer-to-peer exchanges, spot and margin trading, bank-level security, and a variety of payment methods are available. Users can benefit from a beginner-friendly interface and relatively low fees.
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Swapzone is a crypto exchange aggregator that acts as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, secure user flow and very clear data for users to find the best exchange rates across the cryptocurrency market.
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Polkadot (DOT) is one of the most fundamentally powerful cryptocurrencies on the market today. However, the last few months have been sluggish with no significant activity. However, this is subject to change.
Polkadot is currently above the $6.89 support and looks to be gaining momentum. This shows that the bears are losing momentum, with confident buyers taking positions on the rise of another cryptocurrency. If the Ethereum merger caused the cryptocurrency to rise in the month, it could experience a significant rally as Polkadot has already crossed the critical short-term support level.
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Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low transaction fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
Buy DOT now on Binance
