Binance Coin (BNB) price is heading higher this Monday after a failed string of tests at the topside and a breakdown in the ASIA PAC session on Monday morning. With price action already above the monthly S1, it means that bulls are resilient and willing to go the extra mile to get some gains out of this trading week. The Relative Strength Index (RSI) proves that bulls have been buying and are bound to head to $320 with a least a 5% gain for this week's projection.

Binance Coin price is heading higher and is flirting with another test and possible break above the short-term red descending trendline. Over the weekend, the bulls already tried relentlessly and failed on several occasions. With a rejection on Monday morning, price action briefly slipped below the monthly S1 and flirted with $304 on the downside.

BNB saw a knee-jerk reaction in the European session on Monday unfold as bulls bought the dip regardless and looked to advance higher again for that test. This time that test could be proven successful with a break above the red descending trendline near $310. Once that opens up, expect a massive influx of more bulls with a rally toward $320 by the end of this week in this plain and simple breakout play.

BNB/USD 4H-chart

Another rejection on the topside would hurt even more though. In that case bulls would start to offload their positions as clearly the red descending trendline is proven too big a hurdle to overcome. Look at $304, because once that level starts to crack, a quick drop to $300 is inevitable.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Binance Coin price is on the road to recovery and the prospect of a 5% gain - FXStreet

While the listing on Binance looks set to propel Floki Inu to a new audience, a new crypto platform has been quietly gaining speed during its presale event AltSignals, and brand new ASI coin.

The appearance of the Floki crypto coin on Binances exchange follows the meteoric rise of the meme coin PEPE, a newcomer to crypto markets still very much in its infancy, highlighting the continuing popularity of meme coins among crypto fans.

However, while meme coins continue to have limited if any utility, one newcomer that provides holders with enormous levels of utility and governance, ASI, has engaged crypto investors across the board with its exciting AI-inspired plans to take the crypto world by storm.

ASI is the native token of AltSignals, an online trading community with one of the best trading suites on the market. Its AltAlgo trading indicator has provided its members with highly accurate and profitable trading signals in recent years. AltSignals plans to turbo-charge these trading signal outputs with the power of brand new, cutting-edge blockchain technology.

The ASI presale is open to early investors across five presale stages, with the price rising from the beta phase value of $0.012 to $0.02274. Once the presale concludes, ASI will be released on digital exchanges, opening it to a much wider number of crypto fans.

AltSignals is an online trading platform that has released profitable trading signal outputs with a community of more than 50,000 members since its launch in 2017. AltAlgo has proven itself one of the most accurate and profitable tools in the trading signals space, producing 10x portfolio returns for traders in Binance Futures in 19 of 32 months.

To further increase the regularity and accuracy of its signals, AltSignals is developing an AI-powered trading stack, ActualizeAI. The new trading toolkit uses machine learning to apply a rules-based logic that imitates the operation of markets, a process that is heightened and accelerated by natural language processing (NLP).

Predictive modeling uses historical data trends. This will mature as the algorithms ingest more data over time before reinforcement learning assesses the risk/reward ratio and ensures users can maximize profitability by recognizing the optimal sell and buy prices for their holdings.

ActualizeAI continuously scours markets 24/7 to ensure that users have the most up-to-date trading signals, enabling them to make the best investment decisions.

ASI will soon fuel the entire AltSignals platform and delivers utility to users through direct access to ActualizeAI. A minimum of 50,000 tokens will allow investors to gain lifetime access to ActualizeAI, while those holding fewer tokens can still enjoy ActualizeAI outputs for a year. All token holders will be eligible to become members of the VIP AI Members Club.

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Club membership unlocks exclusive access to some of the most promising and potentially lucrative presale opportunities ahead of non-members, offering the chance to maximize profitability by purchasing new tokens at the lowest possible price. In addition, club members will be eligible to access online trading tournaments, with a prize haul of ASI tokens available for those that are successful.

Finally, members can beta-test new platform features and products before they go live. They will be rewarded for each piece of feedback and enjoy exclusive access once the features are rolled out before other AltSignals community members.

Floki Inu is unique among meme coins in that it has developed to offer a good level of utility to coin holders. However, the truth is that meme coins are often held back by their vast token supplies, which can depress prices and make it more of a gamble for investors to make seismic returns. Other tokens with proven utility in a project with an actual use case are often seen as preferable, especially as a longer term investment.

Currently trading at $0.000034, analysts predict that there is growth ahead for Floki Inu as it enjoys a boost from its listing on Binance, with predictions that the price could reach $0.000048 by the end of 2023. This would represent an increase of around 45% from its current value.

ASI has enjoyed a buoyant opening to its presale event, raising $761k since the presale launched. Tokens are currently available at $0.015 in stage 1 of the presale, a value that will rise to $0.02274 by the end of the event.

Crypto experts are struggling to contain their excitement at the prospects for the ASI coin and AltSignals development of ActualizeAI this year. Predictions of $0.50 are widespread for ASI, with many analysts expecting the coin to skyrocket at the end of its presale event once it lists on digital exchanges.

Theres no doubt that a renewed interest has led to Floki Inu and PEPEs listing on Binance in meme coins. However, history shows that most meme coins have a limited shelf life and the lack of utility that they offer can be a disadvantage in the long term.

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Investors in ASI have no such concerns. Thanks to AltSignals solid and established platform, the coin delivers exceptional utility from the outset, and the exciting development of ActualizeAI will likely push this to unprecedented levels. As a result, ASI could be one of this years best crypto presale investments, with strong potential gains open to early investors by the end of 2023 and beyond.

You can participate in the ASI presale here.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Floki Inu Hits Binance Innovative Zone as AltSignals Presale Gains ... - Crypto News Flash

Yuri Molchan

Price of Dogecoin has been making attempts to rise, and anonymous whale decided to sell some of his meme coins

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Crypto platform @DogeWhaleAlert, which tracks large DOGE transfers, has spread the word about several massive Dogecoin transactions. Together, these wallets have moved more than 100 million DOGE.

One of these large DOGE lumps was sent to the Binance exchange. This happened as Dogecoin has been demonstrating attempts to reclaim part of its recent losses.

The aforementioned source reported that over the past 20 hours, five major transfers of meme coin DOGE were made, shifting chunks of crypto between 10 million and 30 million DOGE.

Over the past 24 hours, DOGE rose by 3.76%. Then a drop followed, and DOGE has risen by 2.35% since yesterday morning. This is enough to lock in some profits selling 14,835,380 Dogecoins that were sent to Binance.

The biggest transaction from the aforementioned ones carried 30,387,325 DOGE; the smallest one constituted 10,000,000 DOGE.

On May 17, DOGE's price rise coincided with Elon Musk's reaction to a tweet about "Doge." A Twitter user wrote about her dog but referred to it as "Doge," tagging Elon Musk and Dogecoin co-founder Billy Markus.

Dogecoin then jumped by slightly over 3%. As early as a couple of years ago, Elon Musk's tweets about DOGE were able to ensure the massive rise of this original meme coin.

Now, however, the great lover of memes and Twitter boss often mentions other coins in his tweet, making them skyrocket. One of the latest examples of that is Milady Meme Coin (LADYS), which soared by over 12,000% on Musk's mention of it in the form of a meme image.

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Tens of Millions of Dogecoin Moved to Binance as DOGE Rises 2.35% - U.Today

In the fast-paced world of cryptocurrencies, fortunes can be made or lost within a blink of an eye. One such individual who experienced the highs and lows of the market is the man who invested $8 million in Binance (BNB) back in 2017. Now, he is making headlines once again as he sets his sights on purchasing presale TCRV tokens of the promising platform, Tradecurve.

>>BUY TCRV TOKENS NOW<<

While the crypto market was still in its early stages, with numerous emerging projects vying for attention, one bold protagonist recognized the immense potential of Binance and its native token, BNB. With a firm belief in the future of decentralized exchanges, he made a bold move by allocating a substantial $8 million to BNB, placing his trust in the platforms vision and the growing demand for crypto trading.

As the years passed, Binance grew exponentially, establishing itself as one of the leading cryptocurrency exchanges worldwide. BNB, the exchanges native token, soared in value, delivering substantial returns to early investors. The investors timely and astute decision resulted in considerable wealth creation, solidifying his reputation as a shrewd player in the crypto market.

Yet, the window of opportunity for early investment in Binance (BNB) has long since closed. Those who saw the potential in its infancy are now reaping their well-deserved rewards, leaving BNB latecomers in their dust.

But although the Binance ship has sailed, the cryptocurrency market is constantly evolving. So its crucial to stay alert for new coins with promise, as they could be the Binance (BNB) of tomorrow. And fortunately, we seem to have a clue about whats next!

This visionary investors journey through the crypto market has now led him to set his sights on the promising presale tokens of Tradecurve. Recognizing the potential for transformative trader engagement, our investor sees Tradecurve (TCRV) as the next frontier in the ever-evolving crypto market.

Several factors have influenced the investors decision to venture into Tradecurve.

Firstly, the platforms hybrid nature, seamlessly combining the best elements of centralized and decentralized exchanges, offers a unique value proposition. This innovative approach provides users with ample liquidity, anonymity, and rapid execution, creating a conducive environment for trading success.

Moreover, Tradecurves notable features, such as high leverage starting at an impressive 500:1 and algorithmic trading capabilities, align with the investors strategy of maximizing trading potential and capitalizing on market opportunities. These features demonstrate Tradecurves commitment to empowering traders and investors and enhancing efficiency in trading operations.

In addition, Tradecurve prioritizes user experience and security, implementing stringent measures to protect funds and personal information. With a user-friendly interface and intuitive tools, Tradecurve aims to provide equal access to both seasoned professionals and newcomers, ensuring a seamless trading experience.

Tradecurves native token, TCRV, brings forth many advantages for its holders. TCRV token holders gain access to exclusive perks, including enhanced trading leverage, accelerated level-up bonuses, and trade-back rebates on a daily, weekly, and monthly basis. The quantity of TCRV tokens owned determines the extent of trading fee discounts, ranging from 20% to 80%, contingent upon the holders tier.

As the trading landscape constantly evolves, Tradecurve leads the way by offering a platform that encompasses innovation, convenience, and reliability. Whether youre an experienced trader seeking advanced features or a novice venturing into the world of trading, Tradecurve presents an enticing option that seeks to revolutionize how we interact with financial markets.

For more information about $TCRV presale tokens:

Website: https://tradecurve.io/

Buy presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Man Who Put $8M Into Binance BNB In 2017 Is Now Purchasing ... - NewsBTC

Following the crypto winter, Binance has emerged as a mainstay of the crypto industry. While competitors such as FTX collapsed owing to poor fund management Binance benefited from its prudent practices and focus on consumer protection.

The company is the largest crypto exchange by all metrics, processing over US$6 billion in daily trades at present this is almost double that of its next closest competitor. It accounts for over half of the exchange market share, and is one of the few crypto companies to have continued hiring through the market crash.

Beyond this, Binance has helped bail out crypto companies affected by the winter, pledging US$2 billion in financial support last November. The company shoulders an immense responsibility today, with any shortcomings security flaws, liquidity crises sure to spell disaster for the wider industry.

Alex Chehade, Binances General Manager (GM) for the Middle East (MENA), is confident that the industry is in safe hands and Binance wont be responsible for a crypto winter such as the one at present. We are very conservative we were the first to come out with proof of reserves.

As is becoming common among crypto exchanges today, proof of reserves confirm the manner in which a company holds its customers assets. For example, Binance holds all user assets 1:1 and maintains additional reserves.

This provides assurance that users can withdraw their funds at any given time, says Chehade, adding that theres very little scope for failure in that manner.

Regulations have been a hot topic since the crypto winter and rightfully so. For the industry to mature, theres a strong need for policymakers to step in and ensure that consumers are well-protected from bad actors.

For companies as well, regulations help establish clear boundaries within which they can operate. Although Binance CEO, Changpeng Zhao, takes pride in his company being headquarter-less, it still needs regional hubs which provide regulatory clarity.

In December 2021, Binance withdrew its application to be licensed in Singapore and struck a deal to work with Dubais regulators on policies. Since then, the Emirate seems to have become a preferred home for the company.

Dubai gave Binance an opportunity to put down a footprint here in the [UAE]. From the top down, the government has made statements and made a real push to enable the Web3 economy in the region. Theyve put out legislation for crypto licences and financial institutions earlier than the rest of the world. Thats what spurred the action in this region.

For Binance, it was crucial to see a trajectory and long-term plan for the future of crypto. Dubai provided clarity in its regulations enough to convince Binance to set up shop and house over 600 employees in the city.

The company has since acquired an MVP licence from Dubais Virtual Asset Regulatory Authority (VARA), which allows it to offer its services to qualified retail and institutional investors.

Weve worked with [VARA] to build regulations and now they have the FMP full market participant program which we hope to [become a part of] later in the year, Chehade says. This will allow Binance to open its platform up to mass retail customers in Dubai as well.

To avoid a repeat of the crypto winter, Chehade believes its up to the regulators to ensure businesses are secure, transparent, and compliant.

What the UAE has done well is that theyve given very clear guidance and regulations, and theres no ambiguity around the authority that is licensing the company.

Today, VARA in Dubai is the only independent body dedicated solely to the regulation of virtual assets and having such a set-up helps avoid grey areas in policymaking. We need a consolidated view on the industry and its products, says Chehade.

In other jurisdictions, its common for a number of different regulatory bodies to deal with crypto activities, which can result in needless complexity. Thats the grey area that needs to be addressed, he adds, laying down his hopes for the near future.

That said, there are positive signs that change is on its way. With the collapses, regulators have reinvestigated their understanding about how [crypto] players work. It has spurred more conversations and were coming out of the winter in a much stronger fashion. Theres been a lot more deliberation and conversation between regulators and industry players.

Although Chehade admits that the Middle East has taken a front foot globally as a result of which, Binance has been concentrated in Dubai the company is still committed to working with the Monetary Authority of Singapore (MAS) on a possible return to the city-state.

When Binance initially withdrew its licence application, there was a lack of clarity on the future of crypto in Singapore. However, the past year has led to some key developments.

As the MAS has produced and released more information about their regulations, weve engaged with them more. We need to work closely with the regulators and it needs to be clear and distinct.

Most recently, [the MAS] published proposals enhancing consumer protections, and we were involved in correspondence.

Following the FTX collapse, Binances CEO published six principles emphasising user protection which he believes are essential for all centralised exchanges. With this being a key part of Binances philosophy, Chehade says that they are glad to engage with MAS on the matter.

As it stands, Binance is actively pursuing a licence in Singapore via its custodial arm, Ceffu. Were working forward to establish an institutionally focused custodian in Singapore, Chehade says.

Featured Image Credit: Binance / Gulf Insider

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Binance GM talks about the crypto exchanges return to Spore as it works with local regulators - Vulcan Post