Category Archives: Binance
BINANCE COIN PRICE ANALYSIS & PREDICTION (February 20) BNB Faces Multiple Rejections After Reaching A … – NullTX
BNB appeared a bit weak on the intraday trading following multiple rejections in the past few days. However, its bullish trajectory remains intact as it may resume buying once it finds a key level for a rebound.
After establishing base support above $290 last month, BNB initiated a surge and flipped through a dynamic resistance line earlier this month.
It advanced higher last week and further broke through a multi-month high to mark a new one at $366.8 its highest price level in a year. It later paused buying pressure and retraced slightly due to a rejection.
The buyers reinitiated the surge earlier today but it was quickly countered with a sharp rejection as the sellers showed a strong reaction.
BNB now trades at around $354 following a slight retracement. It may pull lower if the price further drops. Aside from the $348 level, which has been held as support since last weekend, the key support level to consider for a rebound lies at $338 the recently broken resistance.
However, a surge above last weeks high should bring more rallies with notable gains. The continuous decline in the daily volume indicator suggests a potential divergence, which may play out shortly. All in all, the price is still up by 150% in the last six months.
A push above the important $366.8 resistance (last weeks high) could allow an increase to $376 before testing the $380 level. If BNB crosses these levels, $400 would be the next area of interest for the buyers.
If a rebound fails to occur above $338.3, it may navigate towards the $322 support level. The lower levels to watch for more drops would be $308.
Key Resistance Levels: $366.8, $376, $380
Key Support Levels: $338.3, $322, $308
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Find Out How ORDI Price Will React After Binance Futures Listing – BeInCrypto
Binance Futures is set to introduce the USDC-margined ORDI Perpetual Contract. Scheduled for launch on February 22, 2024, at 07:00 (UTC), this addition aims to elevate the trading experience for ORDI enthusiasts.
Binance Futures will offer an impressive leverage of up to 75x, allowing traders to place high-risk, high-reward trades.
Introducing the ORDIUSDC Perpetual Contract will enable traders to leverage the USDCs stability against ORDIs potential volatility and growth prospects. The contract features a tick size of 0.001 and a balanced funding rate capped between +2.00% and -2.00%.
Moreover, the new ORDI contract ensures fairness and stability in the market through its funding fee settlement, occurring every four hours. The option of maximum leverage at 75x indeed presents a lucrative yet high-risk opportunity for adept traders. Consequently, they can maximize their gains by strategically navigating market movements.
Read more: What Are BRC-20 Tokens? Everything You Need To Know
Amidst the announcement, the ORDI token is currently showcasing a bullish trend, evidenced by a cup with handle pattern on the daily chart. This pattern indicates the potential for significant price movement. The critical neckline of this pattern is at $72.33, which promises a bright outlook if ORDI can surpass it.
If momentum persists, ORDI could aim for a 30% gain, targeting $91.80, pseudonymous trader Elodie said.
In a separate development, traders should also note Binances upcoming changes to leveraged tokens. Trading and subscription services for trading pairs such as BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT, and BTCDOWN/USDT will halt on February 28, 2024.
Read more: 13 Best Altcoins To Invest In February 2024
The platform will subsequently terminate redemption services and delist these leveraged tokens on April 3, 2024.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
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Find Out How ORDI Price Will React After Binance Futures Listing - BeInCrypto
Crypto Investors Rush to Bitcoin Dogs as Binance Lists STRK and Filecoin Rallies – Bankless Times
Filecoin and Starket are two coins in the crypto news headlines today, FIL for its stellar performance over the past few days and Starknet for its trading debut after a much anticipated airdrop distribution. Another project creating huge waves in the cryptocurrency industry is Bitcoin Dogs.
With its presale surpassing the $3 million milestone, this project is quickly cementing analyst projections that its one of the best crypto to buy today. Here's more.
Among the top gainers in the past 24 hours, Filecoin reached prices near $8 to see it trade at levels last seen in early January. With the price up more than 10% in 24 hours and 40% this past week, FIL is one of the altcoins seeking a significant bounce ahead of the potential market run in the second half of the year.
With its recent integration with Solana to bolster access to the SOL blockchain networks block history, Filecoin has gained fresh traction for its decentralized cloud storage protocol. Notably, Filecoin has also integrated with Pyth Networks Data Feeds, a development that makes the decentralized data storage marketplace more appealing to users.
The surge in interest around AI tokens is also a key reason for FIL price soaring in the past few days. An overall spike in activity in the space could spark more demand for the protocol. In coming months, FIL bulls could tap into the overall market outlook to target a breakout above $10. However, the all-time high of $236 remains a long way off.
Starknet (STRK) is an Ethereum layer-2 scaling protocol whose native token went live on crypto exchanges on February 20. This follows the Starknet Foundations launch of the tokens distribution to early ecosystem users and other eligible wallets. In total, the airdrop targeted 1.3 million wallets in this first phase, with over 700 million STRK allocated to the program.
As users got the STRK tokens, some chose cash in and thus injected downward pressure. Indeed, STRK traded to highs of $7 after making its debut on Binance. However, it is currently hovering around $2.20 across major exchanges. Data on CoinGecko shows STRK is down 49% from the average high of $4.41.
While the overall crypto market sees a lull amid Bitcoins continued hovering in the $52k region, Bitcoin Dogs, a project tapping into the Bitcoin ecosystem, is taking the market by storm.
The play-to-earn gaming and NFT project is the first ICO on Bitcoin and interest in what it offers has seen unprecedented interest in the native $0DOG. Launched on February 14, the Bitcoin Dogs ICO broke the first milestone of $1 million in less than 24 hours. Less than a week into the presale, early adopters eyeing the future of BRC-20 tokens have allocated more than $3 million.
From $0.015, the price of $0DOG has increased to $0.0198, giving stage 1 participants an early glimpse of what potentially awaits when the ICO ends on March 15 and the tokens list on exchanges. If you are looking to join the Bitcoin Dogs presale, a good place to start your due diligence is the whitepaper. Joining the growing $0DOG community on social media could also be a great way to keep tabs on the project.
However, as the presale lasts for only 30 days and presale prices increase every 72 hours, these early stages might offer the best opportunity to get positioned.
You can check out this projects tokenomics, roadmap and team here.
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Crypto Investors Rush to Bitcoin Dogs as Binance Lists STRK and Filecoin Rallies - Bankless Times
Ethereum and Binance Coin gains flow into Deestream as leap year boosts crypto – crypto.news
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Leap year sparks crypto diversification: ETH & BBN investors eye DSTs presale, drawn by its innovative streaming model.
The leap year means an extra day for making profitable investments. With this anticipation, investors who are involved with Ethereum (ETH) and Binance Coin (BNB) are exploring the option of diversifying their investments into DeeStream (DST).
This decision is considered potentially profitable. DeeStream (DST) offers a special presale at $0.035, presenting a novel content-stream approach. It prioritizes the freedom of creators and the security of users. Participating in the DeeStream (DST) presale is an opportunity to support a significant shift in online content consumption.
Ethereum price has hit a new milestone, reaching a level not seen in the past two years. This accomplishment has led experts to speculate that ETH may experience further growth in the coming years.
Consequently, they have outlined a range, forecasting a trajectory from $3,000 to over $6,000. Several factors, such as the possible approval of an ETH ETF by the SEC, the upcoming reduction in Bitcoin rewards in April, and the increasing appeal of Bitcoin, contribute to optimistic predictions. Given these positive trends, there is substantial interest in the future path of Ethereum.
From a technical perspective, the price of Binance Coin appears to be maintaining a lateral trend without significant upward or downward movements. Presently, its value stands at $350. Potential resistance levels at $599.7 may be observed if this trend persists.
Conversely, a shift could lead to a decline, reaching approximately $203.2 or $268.8. Examination of indicators such as Relative Volume, Moving Average, and Relative Strength Index suggests that Binance Coin (BNB) may be poised for favorable developments in the future.
DeeStream is making waves in the content streaming landscape. It is in a special presale phase starting at a modest $0.035. What sets DeeStream apart from others is its emphasis on providing content creators with more freedom, which diverges from the typical constraints imposed by other platforms. Additionally, DeeStream prioritizes stability, transparency, and the safeguarding of user information. The platform aims to secure funds and undergo thorough audits permanently.
DeeStream aims to transform online content streaming, developing a space where creators feel empowered and enjoy a more satisfying streaming experience. The ongoing presale indicates a growing recognition of DeeStreams potential. Participating in the presale not only grants early access but also supports a platform reshaping online content consumption.
DeeStream offers an opportunity to invest in more than just financial gain; it is a chance to support stream innovation. The platform is dedicated to openness, security, and empowering creators to pursue their creative endeavors. If you want to be part of this transformative shift in the streaming industry, consider investing in DeeStream (DST).
Find out more about the DeeStream presale by visiting the website here.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Ethereum and Binance Coin gains flow into Deestream as leap year boosts crypto - crypto.news
Starknet Begins Airdrop to Distribute $5.39B, As Trading Starts on Binance – The Crypto Basic
Ethereum layer-2 solution Starknet has begun the distribution of its airdrop, rewarding users with millions of STRK tokens valued at a whopping $5.39 billion at some point.
Starknet, an Ethereum layer-2 that uses zero-knowledge proofs to enable fast and cheap transactions, has launched the initial round of the Provisions Program today, effectively airdropping millions of STRK tokens to early users and developers.
The airdrop, which will distribute 700 million STRK to nearly 1.3 million eligible wallets, aims to reward supporters of the ecosystem as well as to incentivize more adoption. Eligible groups include StarkEx users, Ethereum stakes, StarkNet users, developers, and software contributors.
Users can ascertain their eligibility through the official verification page. To initiate the process, users are required to link their Starknet wallet and adhere to the provided instructions. Upon confirmation of eligibility, the corresponding token allocation will be displayed.
As of press time, the distribution has already begun, having started today at 12 noon (UTC). Users have until June 20 to claim their tokens. The team behind the project has noted that they would absorb unclaimed tokens and distribute them in the next rounds.
To claim the airdrop, you would need to head to the official Starknet provisions page, scroll down, and click on Claim STRK. Afterward, link your Agent X or Braavos wallet and follow the instructions outlined in the X post below.
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The initial 700 million STRK tokens to be distributed in this first round of the airdrop are part of the 900 million tokens allotted for the airdrop. In total, the team behind the project has set aside 18% of the total STRK supply, amounting to 1.8 billion, for community allotment.
As an asset, STRK serves a dual purpose as both a governance token, empowering holders to participate in shaping the future trajectory of the Starknet network through voting and as a utility token facilitating fees, rewards, and incentives within the network.
The token has already secured listing from several leading exchanges, including Binance. Upon its listing, STRK soared to $5 on KuCoin and hit a high of $7.7 on Binance. At the $7.7 high, the 700 million STRK to be distributed was worth a whopping $5.39 billion, making this the largest crypto airdrop so far this year.
Shortly after the airdrop went live, the price of the token stabilized at $2.998 on Binance and $2.86 on market tracker CoinMarketCap (CMC) amid sustained selling pressure. Per CMC data, the token currently boasts a market cap of $2 billion and a volume of $469.8 million.
Fueled by StarkWares cutting-edge zero-knowledge proof technology, the Starknet network, which launched on the main net in November 2022, seeks to tackle the scalability, cost, and privacy challenges afflicting Ethereum by facilitating cheap, fast, and private transactions.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Starknet Begins Airdrop to Distribute $5.39B, As Trading Starts on Binance - The Crypto Basic
Binance Announces Closer of BTC, ETH, BNB Leveraged Tokens – Crypto Times
Binance has announced the closure of several leveraged token services. This decision impacts tokens associated with cryptocurrencies such as Bitcoin, Ether, and BNB. Binance has set a clear timeline for users to convert or redeem these tokens, emphasizing the importance of acting before the April 3 deadline.
Starting February 28, at precisely 06:00 UTC, Binance will halt trading and subscription services for leveraged tokens, including BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN.
Consequently, the platform will automatically cancel all related trade orders. Binance advises its users to swiftly transition their holdings into alternative assets to avoid potential complications.
Moreover, the exchange plans a phased delisting and redemption cessation of these tokens from April 1 to April 3. For those who miss this window, Binance will convert any remaining tokens into USDT based on their value at the time of delisting. The exchange promises to credit these funds to user accounts within 24 hours, subsequently removing the leveraged tokens from wallets.
Binances leveraged tokens have offered traders a way to gain amplified exposure to crypto assets without the usual requisites of collateral or maintenance margins. However, despite their advantages, Binance cautions about the inherent risks. These include the volatile nature of the perpetual contracts market, along with potential premiums and funding rates.
This move underscores Binances commitment to user safety and market stability, reminding traders of the careful navigation required in the complex world of cryptocurrency trading.
Also, traders should note that this move is only for leveraged future trading, and Futures trading will continue to be operational as usual.
Also Read: Sullivan & Cromwell Frontrunner for Binance Monitor Role
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Binance Announces Closer of BTC, ETH, BNB Leveraged Tokens - Crypto Times
Binance to Pull Back Support for Leveraged Tokens in April – – Altcoin Buzz
Binance, in a blog post shared on Feb. 19, said that it would no longer support Binance Leveraged Tokens (BLT).
The decision is reportedly part of its product review and the exchanges decision to focus on products and services that yield the most value to its users.
Binance announced that it would stop trading and subscription services for all of its leveraged tokens by February 28, 2024. According to the notice, BTCUP and BTCDOWN, ETHUP and ETHDOWN, and BNBUP and BNBDOWN are among the affected leveraged tokens.
In addition, Binance warned that it would automatically remove all trade orders for leveraged tokens on the specified date, meaning that users wouldnt be able to place orders afterward. However, the crypto exchange encouraged its customers to trade their leveraged tokens for other assets before the announced date.
Binance plans to delist and cease redemption of the tokens from April 1 to April 3. The exchange added that users can redeem their tokens before the date above. In addition, Binance will convert unredeemed tokens to USDT using their value on the delisting date. Afterward, the exchange will transfer the tokens to the users accounts and take the leveraged tokens out of their wallets.
Binances move to cease support for leveraged tokens reflects its dedication to improving its services and focusing on products that match user preferences and market developments. It also emphasizes the need for crypto platforms to frequently evaluate their offerings to ensure compliance and secure their competitive advantage.
Binance notes that its leveraged tokens simply represent a basket of perpetual contract positions. These tokens are more suitable for short-term trading and are not an alternative to margin-leveraged products.
Leveraged tokens provide traders with exposure to leveraged positions without requiring them to put up any collateral. In addition, traders do not need to worry about being liquidated. However, leveraged tokens allegedly come with associated risks. This includes the effects of price movements in the perpetual contracts market, premiums, and funding rates.
Users affected by this cessation are expected to adjust their trading strategies.
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Binance to Pull Back Support for Leveraged Tokens in April - - Altcoin Buzz
API3 Continues To Thrive Despite Market Maker’s Move On Binance – NullTX
The decentralized autonomous ecosystem (DAO) API3 has been making significant strides in recent times, showcasing notable progress and resilience within the crypto space.
Despite recent reports of market maker company DWF Labs depositing over $1 million worth of 200,000 API3 (API3) tokens onto the cryptocurrency exchange Binance, API3 remains on a trajectory of growth and development.
API3s token has experienced a 10% increase in value over the past week, with an additional 3% gain recorded today. This upward trend reflects the growing confidence and interest in the API3 ecosystem among investors and enthusiasts alike.
According to data from the API3 DAO Tracker, the API3 DAO currently boasts 6,813 members and has successfully completed 84 proposals, underscoring the active engagement and participation within the API3 community.
Furthermore, the API3 staking annualized yield for the current Epoch 2825 stands at an impressive 21.5%, with an Epoch reward of approximately 0.41%.
The platform also reports over 25 million API3 Tokens locked and approximately 59.5 million API3 Tokens staked, indicating strong community involvement and commitment to the API3 ecosystems success.
Despite the market makers recent activity on Binance, API3 remains steadfast in its mission to revolutionize the decentralized ecosystem. The platforms continued growth and adoption demonstrate its resilience and potential to shape the future of decentralized finance and governance.
As API3 continues to attract attention and participation from both investors and developers, the future looks promising for this innovative DAO ecosystem.
With ongoing developments and community-driven initiatives, API3 is poised to solidify its position as a leading player in the rapidly evolving world of decentralized technologies.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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API3 Continues To Thrive Despite Market Maker's Move On Binance - NullTX
SUI’s (SUI) TVL Surges; Binance (BNB) Moves Bulk XRP Tokens; Algotech (ALGT) Is The Best Coin To Invest In 2024 – Finbold – Finance in Bold
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The crypto world is rapidly growing, with several projects leading the charts. One standout crypto project is Algotech (ALGT). This newly launched cryptocurrency is in its presale round, and has secured over $455,000 in funding within days.
Other projects like SUI (SUI) and Binance (BNB) have also moved in the green. However, their growth rate is not as convincing as that of Algotech (ALGT).
With a continuous rise in price charts, SUI (SUI) has become one of the best-performing cryptocurrencies in 2024. In the last month, the market value of SUI (SUI) has increased by 30%. Consequently, SUI (SUI) is currently trading at $1.84.
One of the major reasons behind SUIs (SUI) rise is increased activity on its network. The on-chain data shows that the assets deposited on the SUI (SUI) blockchain have skyrocketed by 92% since January 1.
With this, SUI (SUI) has become one of the top ten chains by total value locked. At present, the TVL of SUI (SUI) is more than $609 million.
Binance (BNB) recently grabbed the attention of the crypto community after moving a significant amount of XRP tokens. On February 13, Binance (BNB) transferred a whopping 200 million XRP tokens to an unidentified wallet. As per reports, Binance (BNB) has activated the receiving address on December 21.
However, the real reason why Binance (BNB) transferred these XRP tokens is still not clear. Meanwhile, Binance (BNB) has witnessed an increase in its price movement. On the monthly price chart, Binance (BNB) has soared by 12%. Hence, at the time of writing, Binance (BNB) is changing hands at $355.08.
Thanks to technological advancements, traditional manual trading has given way to algorithmic trading. Algo trading has become popular for its accuracy, low cost, and high efficiency. Therefore, around 70%-80% of traders globally use algorithms in trading. Now, Algotech (ALGT) has launched a novel crypto trading platform to capitalize on this trend.
The new platform offers advanced technologies. It analyzes market trends, patterns, and vast data sets to identify the best digital assets. Besides, Algotech (ALGT) has planned to list multiple trading pairs. For this, it will collaborate with leading crypto exchanges.
Algotech (ALGT) will also offer arbitrage services. Through this, Algotech (ALGT) users can exploit price differences between different crypto exchanges. The platform will promote social trading. Here, users can copy the successful trades of seasoned and professional traders. They can also share their trading strategies with other traders in the Algotech (ALGT) community.
Due to these features, the demand for Algotech (ALGT) has surged significantly. More than 25% of tokens assigned to the platforms presale Stage 1 are sold out within a few days of its launch. Currently, investors can lock an ALGT token at just $0.04, which will rise to $0.06 in the next stage.
Moreover, analysts predict that the tokens price can go up by 275% during the presale round. Interestingly, users can start locking presale ALGT tokens for just $25.
Notably, the holders of presale ALGT tokens will win several giveaways. It includes prizes like the latest iPad, VIP tickets to a blockchain event in Dubai, and many more. The ALGT token holders will also get voting rights on the platform.
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Binance to Discontinue Leveraged Token Trading and Subscription Services – Cryptonews
Last updated: February 19, 2024 15:22 EST | 2 min read
Crypto exchange leader Binance announced on February 19 that it will discontinue support for leveraged trading of six tokens and subscription services.
According to an X post, these include BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN paired with the USDT stablecoin.
Giving a timeframe for the discontinuance, the worlds largest crypto exchange stated that the support will end by February 28 at 06:00 (UTC).
According to an image shared, the final delisting of the affected leveraged tokens will be on April 3, 2024, by 6:00 (UTC).
The Binance exchange has not stated any reasons for the decision. Margin and regular leverage services will still be offered, however.
Self-leveraged tokens allow investors to make forecasts on the price movement of an asset. They are often leveraged versions of regular assets that enable investors to make high returns on their investments. Like all leveraged assets, however, investors can experience huge losses in a wrong forecast.
For context, in a self-leveraged BTCUP/USDT trade, investors can select Buy to make a forecast that the price of the underlying leveraged token will rise and vice-versa.
Despite the removal of self-leveraged tokens,Binance Futures is ramping up margin-based trade options.
According to a blog post by the crypto exchange, it will be adding USDC-margined ORDI (Ordinals) Perpetual Contracts to its Futures platform.
The service will kick off on February 22, and customers will get a 10% discount trading fee for accessing the service. The discounted fee offering is scheduled to end by April 3, 2024.
Further details shared state that investors will have a 75x maximum leverage ceiling. This means investors can open leveraged positions 75 times higher than their initial capital. The maximum funding rate will be pegged at +2% or -2%. The funding fee settlement will be reassessed on a four-hour interval.
The minimum accepted tick size will be set at 0.001 USDC, making it more accessible for retail investors.
The ORDI blockchain is a subset of the new generation BRC-20 token standards operating on the Bitcoin network. Created by an anonymous developer, it allows data like video, music, audio, and images to be written on individual Satoshis (units of each Bitcoin). This feature enabled the onboarding of non-fungible tokens (NFTs) on the Bitcoin network.
The Bitcoin network, by design, lacks support for smart contracts, which are essential for NFT development, as they enable autonomous code execution and financial transactions on the blockchain.
With the creation of the Ordinals protocol in early 2023, NFT trading became available on the worlds largest crypto exchange.
So far, the BRC-20 token standard ecosystem has grown and now records $2.9 billion-plus in market valuation.
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Binance to Discontinue Leveraged Token Trading and Subscription Services - Cryptonews