Crypto exchange Binance has excited fans of football legend Cristiano Ronaldo by announcing its second non-fungible token (NFT) collection on Monday. Titled "ForeverCR7: The GOAT," these NFTs offer an opportunity to own a part of Ronaldo's impressive football career. Binance CEO Changpeng Zhao expressed his excitement for the collection and responded to the fans' desire to learn directly from Ronaldo. #GOATMoments

Ronaldo's Collaboration:

Cristiano Ronaldo enthusiastically responded to CEO Zhao's offer, jokingly implying that the training sessions could encompass both metaphorical and literal aspects with the CEO's free-kick video. Ronaldo has gained fame as the all-time leading goal scorer in the game, having scored over 838 goals throughout his long and successful career. He is widely regarded as one of the greatest football players of all time and enjoys a large fan base and global respect. Ronaldo is often referred to as the "Greatest of All Time" (GOAT). #CristianoRonaldoNFT

Details of the Collection:

The 'ForeverCR7: The GOAT' collection consists of 29,327 NFTs that celebrate Ronaldo's notable goals and significant milestones in his career. Additionally, fans and NFT enthusiasts have the opportunity to obtain special rewards such as signed memorabilia and exclusive training sessions with the football legend. The collection comprises 20 digital designs divided into four rarity levels: Normal (N), Rare (R), Super Rare (SR), and Super Super Rare (SRR).

In Summary:

Binance pays tribute to football legend Cristiano Ronaldo and offers fans a unique opportunity with its second NFT collection, "ForeverCR7: The GOAT." The collection features thousands of NFTs that celebrate Ronaldo's extraordinary football career and achievements. Furthermore, unique rewards such as signed memorabilia and exclusive training sessions enhance fans' chances to benefit from the collection. With the support of Binance CEO Changpeng Zhao, the "ForeverCR7: The GOAT" collection has generated significant interest among football enthusiasts and NFT enthusiasts alike. #BinanceNFT #CZBINANCE

#bitcoin price is maintaining its stronghold above the critical support zone of $30,000. For a potential uptrend, BTC needs to establish stability above the levels of $31,000 and $31,400.

The Daily Chart:

Bitcoin is currently in a consolidation phase, ranging between $30,000 and $31,000. This slow-paced price movement has introduced a double-top pattern, posing a significant challenge for the bulls who must make every effort to preserve the ongoing uptrend. Upon examining the daily chart, Bitcoin recently encountered the $31,000 level following a rebound from the $30,000 support zone. Unfortunately, the bullish momentum could not be sustained, leading to the price retracing back to approximately $30,500.

The 4- Hour Chart:

Bitcoin's current price action on the 4-hour chart for the BTC/USDT presents a potential trading opportunity. However, when observing the one-day timeframe, the market seems to be experiencing a period of stagnation.

On the 4-hour chart, Bitcoin is displaying a strong support zone around $30,000, which is holding firm. To trigger a fresh upward trend in the short term, it is crucial for BTC to consolidate above the levels of $31,000 and $31,500. Currently, the price is trading within a narrow range, with the upper boundary near $31,500 and the lower boundary around $30,000.

A closer analysis of the 4-hour timeframe indicates that Bitcoin is encountering notable resistance near the $31,000 level. Surpassing this resistance is essential for any substantial upward movement to materialize.

Based on Price Analysis, the market capitalization of #BTC stands at $592,378,127,210. The 24-hour trading volume is approximately $11,304,991,073.

KEY LEVELS :

RESISTANCE LEVEL : $31,000-$31,500

SUPPORT LEVEL : $30,000-$29,500

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #BinanceTournament #coingabbar $BTC

Ethereum scaling solution Polygon released a new proposal on the 21st of last month to upgrade its original mainnet, PolygonPoS, to zkEVM Validium and stated that the upgrade will run on the mainnet by the end of the first quarter of 2024.

Recently, Polygon has once again announced relevant news to the market: the project proposes to upgrade the name of its native token #MATIC to #POL to support its ecosystem protocols: Polygon PoS, Polygon Supernets, and Polygon zkEVM.

According to the official statement, POL is the next generation native token of Polygon, aimed at protecting, coordinating, and developing the Polygon ecosystem.

The utility of POL will cover all Polygon protocols, including Polygon PoS, zkEVM, and Supernets.

"It can allow the scale of protocol participants (i.e. roles) to expand, support thousands of Polygon chains without sacrificing security."

However, upgrading from MATIC to POL requires approval from the Polygon community.

The official claims that if the upgrade proposal is approved, the redesigned protocol architecture will give the Polygon network unlimited scalability, and users and developers will be able to have a frictionless experience between any of its protocols.

According to the official explanation, staking POL in the future can bring three different rewards, including protocol rewards, transaction fees, and additional rewards.

In addition to validating multiple chains, validators can also play multiple roles on a single chain, including generating zero-knowledge proofs and participating in the Data Availability Committee.

The two biggest changes for validators are:

Validators can validate multiple chains.

Each chain can provide validators with multiple roles (and corresponding rewards).

-How will the transition from MATIC to POL be made in the future?

The official statement indicates that an upgrade smart contract will be released. Users can send their MATIC tokens to the contract, and an equal amount of POL will be automatically returned. If the community reaches a consensus to support the proposal, the transition is expected to begin in a few months.

#GOATMoments

Binance.US, one of the leading cryptocurrency exchanges in the United States, has announced the removal of select USD advanced trading pairs as part of its transition to a crypto-only exchange. Effective July 13, 2023, at 8 p.m. PDT / 11 p.m. EDT, the following advanced trading pairs will be removed and cease trading: ADA/USD, BNB/USD, BTC/USD, ETH/USD, LTC/USD, MATIC/USD, SOL/USD, USDC/USD, VET/USD.

It's important to note that trading for USD will still be available on the USDT/USD advanced trading pair. Additionally, trading for over 150 cryptocurrencies will continue to be accessible through the advanced trading interface via USDT pairs. Some cryptocurrencies may also support trading with #BTC BUSD, DAI, or TUSD.

Binance.US assures users that they can still engage in various activities with USD, including buying, selling, and converting cryptocurrencies. Users can use USD to buy and sell 21 different cryptocurrencies or freely convert between 20 cryptocurrencies and USD.

To ensure a smooth transition, #Binance.US advises users to carefully review their trades and either execute or cancel any open orders on the impacted advanced trading pairs before the removal takes effect.

This move by Binance.US aligns with the broader industry trend of focusing on cryptocurrency trading and streamlining offerings. By removing select USD advanced trading pairs, the exchange aims to optimize its services and provide a more efficient and tailored trading experience for its users.

As the cryptocurrency market continues to evolve, it is crucial for traders and investors to stay updated on platform changes and adjust their trading strategies accordingly. Binance.US's commitment to delivering a seamless transition and maintaining a diverse range of cryptocurrency trading options demonstrates its dedication to meeting the evolving needs of its users. #GOATMoments #Binance

#Stellar Lumen is presently above the $0.1250 mark in its trading against the US Dollar, reflecting a similarity to Bitcoin. To initiate a new upward movement, XLM's price needs to surpass the $0.1400 mark. In the previous week, XLM witnessed a significant surge, breaking through the $0.10 resistance level against the US Dollar. It even reached above $0.150 before experiencing a corrective decline.

After reaching a peak of $0.1977, the Stellar Lumens (XLM) price retreated below $0.1500. A bottom was established around $0.1241, and currently, the price is stabilizing after experiencing losses. It is currently trading below $0.1300 and the 50-hourly simple moving average. On the 4-hour chart, a significant bearish trend line is developing, indicating resistance around $0.1300.

XLM is encountering a resistance area around $0.1350, followed by a significant hurdle near $0.1400. A decisive breakthrough above $0.1400 could potentially propel the price towards the $0.1600 mark, which aligns with the 50% Fibonacci retracement level. Further upward momentum might drive the price towards $0.180 or possibly even $0.1950.

If XLM is unable to overcome the resistance zone at $0.1600, it may find initial support around the $0.1240 level. The primary support lies near the $0.110 zone. If further losses occur, the price could potentially drop to the $0.1000 level in the near future. If the decline continue, a retest of $0.0908 may even come into play.

According to CoinGabbar Price Analysis, estimates that the market capitalization of this #XLM is $3,464,051,761. The 24-hour trading volume of the coin is around $210,855,850.

KEY LEVELS :

RESISTANCE LEVEL : $0.1350-$0.1420

SUPPORT LEVEL : $0.1240-$0.1180

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #Binanceturns6 #coingabbar $XLM

The Evolution of BNB: From Fees to Global DeFi Infrastructure

BNB launched just over three years ago. It initially found its way to the crypto market through an Initial Coin Offering (ICO) taking place from June 26 to July 3, 2017. BNB was immediately usable as payment for transaction fees on the new cryptocurrency exchange, Binance.com, launched just 11 days after the ICO.

Paying transaction fees in BNB offers users a significant discount. The initial price during the ICO was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB, which, at the time, equaled roughly $0.15 per 1 BNB.

In this article, we'll explore BNB’s rise to the top, its utility and use cases, and a comparison of BNB to other top-ranking cryptocurrencies.

BNB and its rise to the top

BNB holds the third-largest cryptocurrency position by market cap at the time of writing at over $42 billion (USD). It follows Ethereum in second place and Bitcoin in first. To reach ETH’s position, BNB needs to multiply its market cap five times; to reach BTC, it needs to grow twenty times. There is a long journey ahead indeed, but let’s look at the journey so far.

From paying Binance trading fees through to sending tokens on BSC, the amount of BNB transactions has continuously risen. March 2021 saw over 84 million alone, and the upward trend looks to grow. How did BNB get to where it is now, from not even being in the top five just two months ago?

What started as a simple utility token has evolved into something much more complex. BNB’s simple purpose of paying discounted Binance trading fees was only the beginning.

We are now dealing with a token with its own native blockchain and a vast range of use cases. These cases aren’t just limited to the Binance ecosystem either. Deployed initially on Ethereum as an ERC-20 token, BNB has since migrated to its new home: BNB Chain. Here it has a place as the network’s native token and also powers the recently launched BNB Smart Chain.

Millions of Binance.com customers use BNB for trading and transaction fees and much more. BNB is also available for use as collateral for crypto loans. There is no single reason why users hold BNB, and many likely have BNB for reasons that vary.

BNB Chain has shown to be hugely popular with developers and users alike. As the ecosystem has matured with decentralized applications and use cases, so too has the adoption of BNB.

A large, diverse BSC and DeFi community developing new projects has become the token’s principal advocate. These external contributors are becoming significant players, including merchant payment companies, travel booking platforms, in-game rewards offerers, and virtual gift providers. They all continue to find strong use cases and attract new audiences to BNB.

#Binance #GOATMoments