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🔥🔥Tokens worth over $1.17 billion worth of Binance Coin (BNB) are being burned by Binance🔥🔥 🔥Cryptocurrency exchange Binance has removed $1.17 billion worth of coins from circulation, which is equivalent to 1.3% of the available value. The 27th quarterly BNB token burn exercise is a part of Binance's efforts to get over it. 🔥There was no Pioneer Bum program-related token burning here. There was no change to the BNB token price as a result of this piece of information on the burning of tokens. Compared to its previous value, the coin lost 0.9% in a single day, according to CoinMarketCap. To $600, it fell. 🔥Amidst US consideration of a three-year term for Binance founder Changpeng Zhao, the token's price rose by thirteen percent in the last week. Even though trading volumes were up 1.4%, BNB's market cap fell 2.2% to $88 billion. 🔥Right before this, at the start of the year, Binance removed around 2.14 million BNB, which was valued $636 million, from circulation. In all, the BNB burnt were worth around 1.38 percent of the asset's overall value. 🔥Burning 100 million BNB coins was a serious promise made when the cryptocurrency was released in 2017. Every three months, the auto-burn mechanism is used to calculate the results of this activity. This facilitates understanding and other relevant considerations unrelated to the transaction. Furthermore, the BNB Chain will regularly burn a portion of the blockchain's gas fees in the real world. $BNB #BinanceLaunchpool #BNB

🔥🔥Tokens worth over $1.17 billion worth of Binance Coin (BNB) are being burned by Binance🔥🔥

🔥Cryptocurrency exchange Binance has removed $1.17 billion worth of coins from circulation, which is equivalent to 1.3% of the available value. The 27th quarterly BNB token burn exercise is a part of Binance's efforts to get over it.

🔥There was no Pioneer Bum program-related token burning here. There was no change to the BNB token price as a result of this piece of information on the burning of tokens. Compared to its previous value, the coin lost 0.9% in a single day, according to CoinMarketCap. To $600, it fell.

🔥Amidst US consideration of a three-year term for Binance founder Changpeng Zhao, the token's price rose by thirteen percent in the last week. Even though trading volumes were up 1.4%, BNB's market cap fell 2.2% to $88 billion.

🔥Right before this, at the start of the year, Binance removed around 2.14 million BNB, which was valued $636 million, from circulation. In all, the BNB burnt were worth around 1.38 percent of the asset's overall value.

🔥Burning 100 million BNB coins was a serious promise made when the cryptocurrency was released in 2017. Every three months, the auto-burn mechanism is used to calculate the results of this activity. This facilitates understanding and other relevant considerations unrelated to the transaction. Furthermore, the BNB Chain will regularly burn a portion of the blockchain's gas fees in the real world.

$BNB #BinanceLaunchpool #BNB

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Standard Chartered Eyes SEC Approval for More Crypto ETFs: Will SOL 10x Next? The SOL/USD pair is strong, climbing between $170 and $170.26 intraday, predicting a positive Solana price. For other crypto ETFs, including Solana, Standard Chartered is seeking SEC clearance, sparking speculation and hope. Following the SEC's approval of Ethereum spot ETFs, Standard Chartered Bank's Head of Forex and Digital Assets Research, Geoffrey Kendrick, forecasts Solana and XRP cryptocurrency ETFs by 2025. Positive US Bitcoin ETF Inflows Boost Investor Confidence US spot Bitcoin ETFs have witnessed 10 consecutive days of positive inflows, totaling $251.94 million as of May 24, after the SEC allowed spot Ethereum (ETH) ETFs. BlackRock's iShares Bitcoin Trust (IBIT) with $182 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $44 million are leading this spike. No new investments were announced by Grayscale Bitcoin Trust ETF (GBTC). Spot Ethereum ETFs are exciting, but SEC S-1 permission is needed to start them. Analysts estimate this procedure to take weeks, which might affect market sentiment. After the SEC approved Ethereum ETFs, US spot Bitcoin ETFs had favorable inflows, indicating investor confidence in the cryptocurrency sector. Solana Price Forecast Solana (SOL) presently trades at $165, up over 1%. The green line on the chart represents the pivot point at $160.54, which determines trend direction. The immediate resistance levels are $170.37, $176.66, and $183.26. Downside support is $156.75, $151.08, and $144.08. The RSI is 41.51, showing neutral momentum. The 50-day EMA is $168.59, indicating a downtrend. Solana's position above the pivot point signals an uptrend. The immediate barrier is $170.37, and a break over it might send it towards $176.66 and $183.26. However, if the price goes below $156.75, it might fall to $151.08 and $144.08. These crucial levels should be monitored by investors to predict market moves. The prospective Sealana presale offers investors a fresh chance as Solana rises. #ETHETFsApproved #Solana #sol $SOL #altcoins
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XRP Drops: Another Setback or Buy? XRP fought again to get beyond $0.5450. It is falling and may test $0.512. Bearish signals are emerging from $0.5420 for XRP. Under $0.5350 and the 100-hourly Simple Moving Average XRP/USD broke below a significant contracting triangle with support around $0.5360 on the hourly chart. Staying below $0.5420 barrier might boost negative momentum. Rejecting XRP Price After closing over $0.5320, XRP price rose like Bitcoin and Ethereum. Bears were aggressive at $0.5420 resistance. A negative correction began after $0.5422's peak. Below the $0.5320 support zone and 23.6% Fib retracement line of the bullish advance from $0.5028 swing low to $0.5422 high. Additionally, the hourly XRP/USD chart broke below a crucial contracting triangle with support at $0.5360. The pair has fallen below $0.5350 and the 100-hour SMA. Resistance at $0.5320 is immediate. Around $0.5420 is the first resistance. Moving over the $0.5420 barrier zone might boost prices. Around $0.5450 is the next resistance. Bulls might push the price over $0.5450 barrier and steadily rise above $0.5550. More advances might push price toward $0.5740 barrier. More Losses? Failure to break the $0.5420 resistance zone might cause another range slide for XRP. Initial downside support is approaching $0.5225 and the 50% Fib retracement level of the bullish advance from $0.5028 swing low to $0.5422 high. The next significant support is $0.5120. A negative break and closure below $0.5120 might boost bearish momentum. The price may fall and retest $0.5025 soon. Tech Indicators The hourly MACD for XRP/USD is moving bearishly. Relative Strength Index hourly XRP/USD RSI is below 50. Key Support Levels: $0.5225, $0.5120. Major Resistance: $0.5320, $0.5420. #ETHETFsApproved #XRP #altcoins $XRP
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Price of BNB coin expected to surpass $700 after recent spike The price of BNB has risen 5% to $614 at the moment, and there's a good chance it may go up to $700 soon. If BNB capitalises on the optimistic market attitude, crypto experts say it might go much higher. Most market watchers agree that June will be a banner month for BNB, leading to new all-time highs. Released at the outset as a central coin, BNB initially served to bolster Binance's cryptocurrency exchange. The coin's journey from its start in 2017 has been everything but straight line. Since then, it has been in charge of a plethora of tasks, such as facilitating BNB currency transactions on Binance at lower pricing for consumers. In June, the price of BNB is predicted to rise significantly. It seems to be happening at the same time as Bitcoin's surge, which hit the $70,000 milestone. It is probable that it will rise by 19.54% and reach $735.81, as per the BNB prediction. Looking at it from every possible angle, one gets the impression that things are looking up. In the previous month, BNB's price has risen by 47%. The positive and negative aspects of the coin are both used in these BNB forecasts. The result might be a 6.05% increase in the market price of BNB, which could reach $652.81. It would seem that the whole crypto ecosystem is having a very optimistic year. Bitcoin and BNB broke all price restrictions, and it reflects on all altcoins. Assuming these factors hold, BNB price might reach $1,025 by year's end. #BinanceLaunchpool #BNB #altcoins #Binance $BNB
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🚀🚀PEPE: 100% Gains in 30 Days, But Can Memecoin Stay Calm?🚀🚀 An infamous meme coin is on fire in the cryptocurrency world. PEPE, a token featuring the internet's favorite frog, has soared in recent weeks, leaving investors questioning whether this is a new age or a fad. 🚀PEPE Tears: New Highs, Whale Activity PEPE has soared in the previous month, beating predictions and rewarding investors. The price soared over 100% in 30 days to a new record high. IntoTheBlock statistics showed that 97% of hodlers profited from this meteoric climb. Pepe has grown 56% in the last week and 99% in the past month, reclaiming its position as the third-largest meme currency by market value from Dogwifhat (WIF). Bullish momentum is unabated. The last 24 hours witnessed another 3.7% jump, pushing PEPE to its high. Financial and social media attention has followed this amazing result. The coin's social volume has increased, showing online talk and interest. Crypto market cap around $2.5 trillion. TradingView chart A whale, a major investor with purchasing power, has been stirring the pot. The blockchain analytics firm Lookonchain detected a whale withdrawing 500 billion PEPE from Binance, a prominent cryptocurrency exchange. Mass accumulation shows a whale-sized trust in PEPE's future. Buy Frenzy or Overheated Engine? The recent price gain and social media attention are great, but some experts advise caution. Looking at technical indicators might indicate an overheated market. Chaikin Money Flow (CMF), which monitors purchasing and selling pressure, has fallen. PEPE's price may correct since the Money Flow Index (MFI) and Relative Strength Index (RSI) are both overbought. Selling pressure complicates everything. As investors pile in, others may cash out on gains. Santiment, a crypto analytics platform, saw PEPE exchange outflow surge last week, suggesting purchasing pressure. They also saw a spike in exchange supply, indicating investors are selling at the high price. #ETHETFsApproved #PEPE‏ #altcoins #buythedip $PEPE
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On-chain data shows Bitcoin Whales' Buying Appetite Returns Bitcoin has dropped after rising to $71,000 on Ethereum ETF clearance announcement last week. After the price rise, the top cryptocurrency fell to $67,000 and is now consolidating. Bitcoin whales have been packing their suitcases with large quantities of BTC in recent days, suggesting they are back. Can the returning whales' hunger propel Bitcoin to a record high? Will All-Time High Return? In a CryptoQuant Quicktake article, a pseudonymous analyst said Bitcoin whales are purchasing again. Indicators include total whale holdings and a 30-day moving average of balance % change. Whales are persons or organizations that hold large quantities of a cryptocurrency (like 1,000 BTC). Whales' large holdings allow them to affect pricing and market dynamics. The on-chain analyst highlighted a recent increase in whale address holdings' monthly percentage change and a consistent climb in whale balance in the Quicktake article. Some commentator said: The figure above shows that Bitcoin whales raised their holdings by almost 11% in March when the BTC price reached a record $73,737. The 30-day percentage change fell to roughly 3% by April, stabilizing the BTC accumulation rate. The monthly percentage change for bitcoin accumulation rose beyond 5% on May 24. The CryptoQuant analyst wrote: Despite widespread concern, whales are returning with a large buying force, suggesting that present prices are acceptable for purchase and collecting. If whale BTC accumulation returns to March levels, Bitcoin may reach or exceed its all-time high. This prediction is more likely as the flagship cryptocurrency reached a new high the last time whales acquired BTC at that pace. Bitcoin is now trading at $69,216, up 0.8% in 24 hours. #btc70k #buythedip #ETHETFsApproved $BTC
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