BNB, FTT, and CRO are exchange related tokens
Crypto-exchange-related tokens have an added safety safety
All the tokens are bullish and supply alternatives in August
Tokens backed by crypto exchanges are a few of the greatest to personal attributable to their added safety. While the record for exchange-related tokens is inexhaustible, we deliver you the most effective 3 picks. They are tokens with big potential in August if the present bull market stays.
Binance Coin (BNB)
BNB/USD ranks as the biggest crypto-exchange-related token. It comes at place 5 general in crypto markets, with a market cap of round $46.6 billion. The cryptocurrency is backed by the world’s largest crypto exchange Binance.
BNB ranks as a crypto to observe in August as most cryptocurrencies present up. With elevated buying and selling volumes, Binance will appeal to extra customers, and BNB will get a lift.
Source – TradingView
BNB has recaptured the $288 stage after the most recent beneficial properties. That places it on the subsequent stage of $326 in August.
FTX Token (FTT)
FTX token FTT/USD will not be among the many high 20 tokens. Ranked twenty second with a market cap of $4.23 billion, the FTT token is one to observe in August. While markets crashed and most crypto exchanges confronted liquidity points, FTX remained sturdy. FTX CEO SAM Bankman-Fried even went forward to assist struggling corporations. FTT will develop as cryptocurrencies recuperate.(*3*)
Source – TradingView
FTT has hit resistance at $32 after current beneficial properties. A breakout previous the resistance or retracement opens purchase trades subsequent month.
Cronos token (CRO)
Cronos token CRO/USD is ranked at place 24 with a market cap of $3.497 billion. Crypto.com exchange appeared to succumb to the bear market by saying diminished rewards on its playing cards. However, it backtracked, and its token is one to observe.
Crypto.com has been high in clinching sports activities offers and in an growth spree. If certainly the offers are to materialize into one thing huge, it’s when cryptos begin to surge.
Source – TradingView
CRO has damaged above the $0.12 resistance. The token is a purchase in August with a goal of $0.168.
