Widely followed crypto traders are predicting a bullish scenario for Binance Coin (BNB) and Ethereum (ETH), saying that utility tokens for FTX Exchange (FTT) will soon bottom out.
Cryptographic analyst known as Smart Contracter, starting with Binance Coin To tell Binance Smart Chain’s native tokens are a few percent away from hitting record highs on the Bitcoin (BTC) chart.
According to Smart Contracter, Binance Coin also hit a record high on the US dollar chart.
“BNB / BTC is only 4% off record highs and the BNB / USD pair is not far behind.
[A matter of] When isn’t it? “
In the case of Ethereum, smart contractors have the second largest cryptocurrency by market capitalization. broken When paired with Bitcoin (ETH / BTC).
according to For crypto analysts and traders, the breakout of the ETH / BTC chart is also a bullish signal for the Ethereum / USD pair (ETH / USD).
“By the time the ETH / USD pair hits a record high, you’ll look back and think,’Damn, maybe the ETH / BTC breakout was really a sign.’ “
For utility tokens on the FTX Cryptocurrency Exchange, Cryptocurrency Analyst To tell The FTT can hit the bottom formed around a strong support level and then return upwards.
“The main FTT bottom of friendly reminders could already be based for 5 days. I don’t think it’s going to get any longer here before it starts moving again.”
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Featured images: Shutterstock / Tithi Luadthong / Natalia Siiatovskaia