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 number of the greatest to personal on account of their added safety. While the checklist for exchange-related tokens is inexhaustible, we deliver you the most effective 3 picks. They are tokens with enormous 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 total 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 look at 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 positive factors. That places it on the subsequent stage of $326 in August.
FTX Token (FTT)
FTX token FTT/USD might 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 look at in August. While markets crashed and most crypto exchanges confronted liquidity points, FTX remained robust. FTX CEO SAM Bankman-Fried even went forward to assist struggling companies. FTT will develop as cryptocurrencies get better.(*3*)
Source – TradingView
FTT has hit resistance at $32 after current positive factors. 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 asserting decreased rewards on its playing cards. However, it backtracked, and its token is one to look at.
Crypto.com has been high in clinching sports activities offers and in an enlargement spree. If certainly the offers are to materialize into one thing massive, 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.