In July 2023, investor attention in the crypto market is focused on new projects like DeSoc while established cryptocurrencies Binance Coin and Solana continue to show stable results.
Prospects of Binance Coin
BNB maintains a strong position, trading above $750 with a daily gain of 4% and trading volume exceeding $3.7 billion. The coin has risen 14% over the past week, demonstrating consistent buyer interest. Analysts are monitoring the $750 resistance level, which, if broken, could open the path to $850. The RSI at 51.77 indicates a neutral situation with potential for upside.
Solana's Surge
Solana shows strong momentum, climbing 14% in the past week and 40% over the month. It currently trades around $190 with daily trading volume over $10 billion, signifying fresh excitement. Analysts predict potential prices between $300 to $450 if the momentum continues. Solana's outstanding DeFi, NFT, and dApp infrastructure provides solid fundamentals for investment.
DeSoc: A New Social Platform
DeSoc is attracting investors with its innovative approach, offering not just a cryptocurrency, but a fully-fledged decentralized social platform. With the $SOCS token, users can directly monetize their influence and content. The platform's documents indicate a long-term commitment to transparency and security, with mechanisms in place to protect stability, such as a two-year lock on team tokens. DeSoc promises real benefits for content creators that traditional cryptocurrencies do not offer.
Thus, DeSoc stands out against traditional cryptocurrencies like Binance Coin and Solana by providing innovative solutions for users and building long-term relationships with investors.
