In this article we look at the latest relevant news and a price analysis for the crypto assets Stellar (XLM), Cosmos (ATOM) and Binance Coin (BNB).
What does the cryptocurrency market have in store for us these days?
All the details below.
The latest crypto news for Stellar talks about the launch of a series of incentive programs that are part of the $100 million Soroban fund, aimed at helping the developer community test and experiment with projects on the smart contract platform.
In total there are 7 different programs that have already been launched or will be launched soon: Sorobounty Spectacular, Sorobanathon: Road to Mainnet, Stellar Community Fund (SCF), SCF Startup Camp, Soroban Dapps Challenge, RPCiege, and Soroban Quest.
Each of these is aimed at a certain class of developers with different skills and experience.
Speaking instead of Cosmos, it is worth noting the latest announcement by the Wormhole Foundation, which has launched an application, powered by the Cosmos SDK, to expand access to the interchain.
It is Wormhole Gateway and will help bring liquidity within all 23 blockchains connected to the project, improving security and protocol sovereignty.
Through a simple IBC integration, users will be able to link their funds to any IBC chain without added bridging costs.
The Cosmos SDK framework helps increase transparency and allows Wormhole to use IBC clients to facilitate liquidity transfers within the interchain while maintaining the free-flowing characteristics of the data.
Finally, as far as Binance is concerned, there is absolutely no denying the exchanges latest collaboration with Canadian singer-songwriter The Weeknd who participated in his world tour, which began on 6 June.
Binance presided over all of the artists concerts bringing various gadgets and organizing some events to enhance the fan experience in the web3 world.
In particular, the exchange organized some after hours and gave away commemorative NFTs from the concert.
In parallel, at each of The Weeknds stops, a huge cube with the Binance logo was brought in on which an immersive AR experience was featured.
The last concert was in Prague and involved more than 60,000 people.
These kinds of participations by crypto service providers such as Binance help bring the younger generation into the world of web3 and enhance their brand in front of different audiences than those encountered in financial circles.
Lets now move to the markets and individually analyze the price-level situation of the crypto assets Stellar (XLM), Cosmos (ATOM) and Binance coin (BNB)
Starting with Stellar (XLM) we can immediately observe the positivity of the price action over the past month, propelled by the successful outcome of Ripples lawsuit against the SEC.
As Stellar is related to the blockchain network for transnational trades, on the day the court victory was announced, XLM pumped more than 60%.
In the following days, prices slightly corrected their trajectory by going into a bull flag with base at $0.13 and high at $0.19.
It is important for the cryptocurrency that the structure is not compromised and remains above the 60-period exponential moving average on the daily to continue the bullish trend.
Next target $0.236 where two tops touched in the past by the crypto converge.
In case of a bearish break, prices could easily return to the $0.1 area.
On the Cosmos (ATOM) front, things are decidedly worse: after closing out 2022 with a good year-end rally, the cryptocurrency saw a 2023 marked by only declines, with prices holding steady below the EMA 10 on the daily.
A few barren attempts at an upward restart were promptly blocked by the bears that drove ATOMs value further downward.
Hence, the main trend is purely bearish, and the ending scenario for this years EMA is unchanged.
However, we may find a good entry for a speculative long as soon as (and if) the chart touches oversold levels in the RSI indicator, as happened for example on 10 June.
If you believe in the Cosmos project and the future of the interchains, no worries: these moments could be important to accumulate your holding and lower the average carrying price.
Finally, analyzing Binance coin (BNB) we cannot but notice an excess of volatility in the asset during 2023, driven by lawsuits and regulatory issues affecting federal agencies on various continents.
The exchange is working hard so that it can obtain the proper licenses in all the countries where it operates, although the undertaking is not trivial.
The failure of some of its actions in this area and the SEC attack have caused the value of Binance coin (BNB) to decline this year.
We are currently in a phase of lateralization, waiting for new stimulus to push prices toward a recovery of lost ground.
Although we are still in an uncertain market and there are few trading volumes on crypto market platforms, Binance still remains the leading exchange in the sector and its coin will be the first to pump in the event of a return to the bull market.
Therefore, no fears in the long run for BNB, which will find more serene moments.
In the short term, for an immediate restart it is first necessary to recover the $250 threshold, on which the daily EMA 60 flows, and then attack $280 and later $300.
The bearish scenario could instead see a return of the currency to the $220-$210 area.
In order to find a complete analysis cue of the altcoin sector of the crypto market and better understand the price action of Stellar, Cosmos, and Binance Coin, it is essential to take a look at the total market cap chart of the sector.
Removing the respective values of Bitcoin and Ethereum from the chart will provide a more realistic view of how much capital is entering/exiting the alt sector.
At this time it is obvious that investor interest is very low, with really sterile volatility and really low netflow.
Unlike the bull market period where several tens of billions of dollars were coming in every week, and the bear periods where as much was going out, right now we see little movement.
The total market cap (excluding BTC and ETH) currently comes in at $339.9 billion with a chart that is trending slightly downward.
It is difficult to find any cues to trade in the short term, whereas in the long term we can take advantage of these opportunities to increase holding positions.
A recovery of the $400 billion and later the $500 billion could trigger a restart of the whole market bringing back the much-loved alt-season that traders like.
Before then, there is much to watch out for.
See the rest here:
Analisys crypto of Stellar, Cosmos and Binance - The Cryptonomist
- Binance CEO responds to rumors, says US executive is 'taking a deserved break' - Cointelegraph - September 17th, 2023 [September 17th, 2023]
- SEC reverses decision on sealing, redacting some documents in Binance.US case - Cointelegraph - September 17th, 2023 [September 17th, 2023]
- Binance.US legal and risk executives are leaving, Wall Street Journal reports - Reuters - September 17th, 2023 [September 17th, 2023]
- Binance.US not cooperating with investigation, US SEC says in filing - Cointelegraph - September 17th, 2023 [September 17th, 2023]
- Shiba Inu Payments Now in 9 Latin American Countries with This ... - The Crypto Basic - September 17th, 2023 [September 17th, 2023]
- Binance v SEC Lawsuit Update September 17: Problems With Documentation and More - CryptoPotato - September 17th, 2023 [September 17th, 2023]
- This Week on Crypto Twitter: Idris Elba Falls Flat, and Are We Near the End of Binance? - Decrypt - September 17th, 2023 [September 17th, 2023]
- Crucial Week Ahead for Crypto: Feds Interest Rate Decision, FOMC Meeting, And Binance Vs. SEC Hearing To Capture Attention - Coinpedia Fintech News - September 17th, 2023 [September 17th, 2023]
- Binance to Give Away up to $30000 Worth of Rewards in 2023 ... - PR Newswire - September 17th, 2023 [September 17th, 2023]
- Binance USD (BUSD): How Risky is It Saturday? - InvestorsObserver - September 17th, 2023 [September 17th, 2023]
- SEC accuses Binance.US of non-cooperation in ongoing ... - Cryptopolitan - September 17th, 2023 [September 17th, 2023]
- What's Next for Polygon (MATIC) After Binance Delisting? ApeCoin (APE) and Everlodge (ELDG) Price Prediction | Mint - Mint - September 17th, 2023 [September 17th, 2023]
- Whales Move 3 Million Arbitrum (ARB) Tokens To Binance, Borroe ... - Analytics Insight - September 17th, 2023 [September 17th, 2023]
- ATPBot now supports Binance and Kraken exchanges, Allowing ... - CryptoGlobe - September 17th, 2023 [September 17th, 2023]
- Binance creates smart contract to refund users affected by $3M rug pull - Cointelegraph - September 6th, 2023 [September 6th, 2023]
- Binance Adds XRP and Dogecoin to FDUSD Trading Lineup - U.Today - September 6th, 2023 [September 6th, 2023]
- Those 2 Cryptos were Delisted from Binance, ADA is one of them... - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News - September 6th, 2023 [September 6th, 2023]
- Binance Will Delist These Cryptocurrencies Starting September 8 - CryptoPotato - September 6th, 2023 [September 6th, 2023]
- Bitcoin, Ether down; Binance loses another top executive - Yahoo Finance - September 6th, 2023 [September 6th, 2023]
- PERP Spikes 90%, Perpetual Protocol Foundation Sends Tokens To Binance: Is This Good - NewsBTC - September 6th, 2023 [September 6th, 2023]
- Binance Departures Gather Pace With Kostarev, Smerkis Leaving - Bloomberg Law - September 6th, 2023 [September 6th, 2023]
- Binance USD (BUSD): Does the Reward Outweigh the Risks? - InvestorsObserver - September 6th, 2023 [September 6th, 2023]
- Crypto whales shuffle millions via Binance amid regulatory scrutiny - crypto.news - September 6th, 2023 [September 6th, 2023]
- Binance will reportedly delist Monero and privacy coins in Belgium - crypto.news - September 6th, 2023 [September 6th, 2023]
- Comparative Analysis of Binance Coin Against Major Market Cap ... - BTC Peers - September 6th, 2023 [September 6th, 2023]
- Binance Charity Unveils Survey Insights on International Day of ... - FinanceFeeds - September 6th, 2023 [September 6th, 2023]
- Binance To Launch opBNB Layer 2 Network Later This Month - The Defiant - DeFi News - August 18th, 2023 [August 18th, 2023]
- Coinbase Gets Approval to Tap Cryptos Biggest Market in Faceoff With Binance - Barron's - August 18th, 2023 [August 18th, 2023]
- Binance Connect Shutdown Highlights Crypto's Ongoing Identity Crisis - PYMNTS.com - August 18th, 2023 [August 18th, 2023]
- Binance seeks court protection against the SEC - CNBC - August 18th, 2023 [August 18th, 2023]
- Blockchain, Binance Hit With Suits Over Currency Trading Patents - Bloomberg Law - August 18th, 2023 [August 18th, 2023]
- First Digital USD soars on Binance as overall stablecoin market ... - CryptoSlate - August 18th, 2023 [August 18th, 2023]
- Binance Releases Proof Of Reserves Report | Crowdfund Insider - Crowdfund Insider - August 18th, 2023 [August 18th, 2023]
- Ethereum, Dogecoin, PEPE note millions in sudden liquidation owing to potential Binance FUD - FXStreet - August 18th, 2023 [August 18th, 2023]
- Is Binance USD (BUSD) a Good Investment Thursday? - InvestorsObserver - August 18th, 2023 [August 18th, 2023]
- Binance token BNB on the edge of oblivion - Crypto Daily - August 18th, 2023 [August 18th, 2023]
- Crypto.com's inroads into Korea contrasts with struggling Binance - - August 18th, 2023 [August 18th, 2023]
- Binance Price Prediction: Todays Binance Price, 18th Aug 2023 - BOL News - August 18th, 2023 [August 18th, 2023]
- Binance Coin (BNB) Price Analysis for August 11 - U.Today - August 18th, 2023 [August 18th, 2023]
- CYBER Token Claims Top Spot on CoinMarketCap After Binance ... - Captain Altcoin - August 18th, 2023 [August 18th, 2023]
- Binance Labs Invests $10M to Accelerate Helio Protocol's Liquid Staking Pivot - Decrypt - August 13th, 2023 [August 13th, 2023]
- Nigerian authorities call on government to ban Binance amid Naira crisis - CryptoSlate - August 13th, 2023 [August 13th, 2023]
- Why Binance Is Abandoning Most of Europe - CoinDesk - August 13th, 2023 [August 13th, 2023]
- Shiba Inu (SHIB) Surges 5% After Binance Collateral Announcement: Is a Bull Run on the Horizon for InQubeta (QUBE)? - Analytics Insight - August 13th, 2023 [August 13th, 2023]
- Binance Futures Axes Two Perpetual Contracts Tied to $ADA and $MATIC - CryptoGlobe - August 13th, 2023 [August 13th, 2023]
- Binance to Delist New ADA and MATIC Trading Pairs - U.Today - August 13th, 2023 [August 13th, 2023]
- Binance US Increases OTC Trading Limits to $30,000 For Shiba Inu and XRP - The Crypto Basic - August 13th, 2023 [August 13th, 2023]
- Binance Revenue Falling: Will Exchange Sell BNB to Save its Future? - CCN.com - August 13th, 2023 [August 13th, 2023]
- SEI Token Could Reach Nearly Half a Billion Market Cap on Binance Debut - CoinDesk - August 13th, 2023 [August 13th, 2023]
- What will Bitcoin do if the Justice Department takes aim at Binance? - Cointelegraph - August 13th, 2023 [August 13th, 2023]
- Ex Binance.US CEO Weighs In On Stablecoin Regulation, Claims A Boost For Dollar Adoption - Bitcoinist - August 13th, 2023 [August 13th, 2023]
- Liquid Supports Binance with eKYC solution in Japan - Yahoo Finance - August 13th, 2023 [August 13th, 2023]
- Binance.US Boosts Shiba Inu With Enhanced OTC Trading - TronWeekly - August 13th, 2023 [August 13th, 2023]
- Reasons why Binance should be banned in Nigeria - CryptoTvplus - August 13th, 2023 [August 13th, 2023]
- Should You Buy Binance USD (BUSD) Saturday? - InvestorsObserver - August 13th, 2023 [August 13th, 2023]
- Vulnerabilities threatening funds on exchanges like Binance, Coinbase revealed - South China Morning Post - August 13th, 2023 [August 13th, 2023]
- Telegram crypto bots gain momentum in the market: Binance ... - Cointelegraph - August 13th, 2023 [August 13th, 2023]
- Livepeer (LPT) Goes Parabolic With Epic 30% Pump on Binance ... - Captain Altcoin - August 13th, 2023 [August 13th, 2023]
- 'BitForge' security flaw to threaten Binance, Coinbase, and other ... - Cryptopolitan - August 13th, 2023 [August 13th, 2023]
- Securities Litigation Attorney Comments On Bittrex Settlement: Don't Expect Same Treatment For Binance - Crowdfund Insider - August 13th, 2023 [August 13th, 2023]
- Cardano (ADA) and Binance Coin (BNB) Feeling the Heat as ... - Captain Altcoin - August 13th, 2023 [August 13th, 2023]
- Binance eyes United Arab Emirates as focal point for future operations - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- Binance ordered to stop all digital currency services in Belgium - Reuters.com - June 26th, 2023 [June 26th, 2023]
- Binances Market Share Is Stuck Near One-Year Low - Yahoo Finance - June 26th, 2023 [June 26th, 2023]
- Binance.US solves USD withdrawal issues but warns it wont last long - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars Exchanges Bitcoin News - Bitcoin News - June 26th, 2023 [June 26th, 2023]
- Bitcoin's 'Great Accumulation,' Binance.US resumes withdrawals... - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- Is Binance USD (BUSD) Heading the Right Direction Sunday? - InvestorsObserver - June 26th, 2023 [June 26th, 2023]
- Binance told to cease operations in Belgium, with officials citing acts that are liable to constitute a criminal offense - Fortune - June 26th, 2023 [June 26th, 2023]
- Binance Prohibited from Operating in Belgium, Effective Immediately - Crypto Briefing - June 26th, 2023 [June 26th, 2023]
- Binance faces scrutiny in Brazil, exec summoned to testify before Congress - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- Binance Forced to Stop Providing Crypto Services in Belgium by ... - Cryptonews - June 26th, 2023 [June 26th, 2023]
- Binance and SEC reach deal over U.S. assets, and Fidelity-backed ... - CNBC - June 26th, 2023 [June 26th, 2023]
- Binance launches regulated platform in Kazakhstan amid troubles in the West - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- Binance to implement Lightning Network nodes for enhanced Bitcoin transactions - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- SEC sues Binance, part 3: VIPs on VPNs, wash trading, the Binance ... - David Gerard - June 26th, 2023 [June 26th, 2023]
- Binance denies affiliation with entity registered in UK - Cointelegraph - June 26th, 2023 [June 26th, 2023]
- Bitcoin, Binance Coin and Ripple Break to the Upside, but this ... - Analytics Insight - June 26th, 2023 [June 26th, 2023]
- First Steps in Binance: How to Buy and Sell Binance USD - Concept Phones - June 26th, 2023 [June 26th, 2023]
- $13 Million in AAVE and MKR Tokens Withdrawn from Binance by ... - Captain Altcoin - June 26th, 2023 [June 26th, 2023]