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BNB, FTT, and CRO are trade associated tokens
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Crypto-exchange-related tokens have an added safety safety
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All of the tokens are bullish and provide alternatives in August
Tokens backed by crypto exchanges are a number of the greatest to personal resulting from their added safety. Whereas the listing for exchange-related tokens is inexhaustible, we carry you the perfect 3 choices. They’re tokens with large potential in August if the present bull market stays.
Binance Coin (BNB)
BNB/USD ranks as the most important 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 trade 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.
Supply – TradingView
BNB has recaptured the $288 stage after the most recent positive aspects. That places it on the subsequent stage of $326 in August.
FTX Token (FTT)
FTX token FTT/USD will not be among the many prime 20 tokens. Ranked twenty second with a market cap of $4.23 billion, the FTT token is one to look at in August. Whereas 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 get better.
Supply – TradingView
FTT has hit resistance at $32 after current positive aspects. 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 trade appeared to succumb to the bear market by asserting diminished rewards on its playing cards. Nonetheless, it backtracked, and its token is one to look at.
Crypto.com has been prime 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.
Supply – TradingView
CRO has damaged above the $0.12 resistance. The token is a purchase in August with a goal of $0.168.