3 exchange related coins you should consider in August

BNB, FTT, and CRO are alternate associated tokens
Crypto-exchange-related tokens have an added safety safety
All of the tokens are bullish and supply alternatives in August

Tokens backed by crypto exchanges are a few of the finest to personal as a result of their added safety. Whereas the listing for exchange-related tokens is inexhaustible, we carry you the perfect 3 picks. They’re 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 total in crypto markets, with a market cap of round $46.6 billion. The cryptocurrency is backed by the world’s largest crypto alternate Binance.

BNB ranks as a crypto to look at in August as most cryptocurrencies present up. With elevated buying and selling volumes, Binance will entice extra customers, and BNB will get a lift.

Supply – TradingView

BNB has recaptured the $288 degree after the newest features. That places it on the subsequent degree 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 look at in August. Whereas markets crashed and most crypto exchanges confronted liquidity points, FTX remained robust. FTX CEO SAM Bankman-Fried even went forward to assist struggling corporations. FTT will develop as cryptocurrencies get well.

Supply – TradingView

FTT has hit resistance at $32 after latest features. 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 alternate appeared to succumb to the bear market by saying decreased rewards on its playing cards. Nevertheless, 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 huge, it’s when cryptos begin to surge.

Supply – TradingView