I’m sure we all can see the market and agree with me that the BNB is gaining massively even as we all thought it was going down hours ago. Well this is it, So guys, the launch of the Portal (PORTAL) Launchpool on Binance has not only provided users with an opportunity to earn PORTAL token rewards but has also positively impacted the price of BNB against USDT. As users stake their BNB to farm PORTAL tokens, the increased demand for BNB has led to a notable rise in its price against USDT.
The correlation between the Launchpool event and the BNB price increase demonstrates the significant impact that such events can have on the value of the underlying cryptocurrencies. This effect may be attributed to users purchasing BNB specifically for staking in the Launchpool, as well as the overall positive sentiment surrounding the Portal project and the potential growth of its ecosystem.
While it's important to remember that cryptocurrency markets can be volatile and that various factors can influence price movements, the BNB price rise against USDT during the Portal Launchpool event highlights the potential benefits of participating in such events.
By considering the impact of Launchpool events on the price of the cryptocurrencies involved, users can make more informed decisions about whether to participate and how to manage their portfolios.
the Binance Launchpool's introduction of the Portal (PORTAL) project provides an exciting opportunity for users to stake BNB and FDUSD to earn PORTAL tokens. By following the steps outlined in my earlier article ( https://www.binance.com/en/feed/post/4453799493642?ref=159760415&utm_campaign=app_square_share_link&utm_source=copylink ), you can participate in the farming event and potentially benefit from the growth of the Portal ecosystem. As always, exercise caution, and ensure you understand the risks associated with cryptocurrency staking and Launchpool events. $BNB #Write2Earn#Portal#TrendingTopic#Launchpoool
Binance, one of the world's leading cryptocurrency exchanges, has recently announced the 47th project on its Launchpool platform: Portal (PORTAL). This cross-chain gaming platform aims to onboard more players to the Web 3.0 ecosystem, and its native PORTAL token will be available for farming through Binance Launchpool. About Portal (PORTAL)Portal is a gaming-focused project that seeks to bridge the gap between traditional gaming and the Web 3.0 space. It aims to facilitate the transition of gamers and game developers into the world of blockchain, NFTs, and decentralized gaming. The project's native token, PORTAL, will serve various purposes within the ecosystem, such as in-game transactions, governance, and staking.Portal Launchpool DetailsThe Portal Launchpool on Binance features the following details:Token Name: Portal (PORTAL)Max Token Supply: 1,000,000,000 PORTALLaunchpool Token Rewards: 50,000,000 PORTAL (5% of max token supply)Initial Circulating Supply: 167,134,615 PORTAL (16.71% of max token supply) Smart Contract Details: EthereumStaking Terms: KYC requiredSupported Pools: Stake BNB and FDUSDFarming Period: February 22, 2024, at 00:00 (UTC) to February 28, 2024, at 23:59 (UTC)How to Stake BNB and FDUSD to Farm PORTAL TokensTo participate in the Portal Launchpool and earn PORTAL tokens, follow these steps:1. Log in to your Binance account and complete the KYC process if you haven't already.2. Navigate to the Binance Launchpool page and locate the Portal (PORTAL) project.3. Choose the pool you want to participate in: BNB or FDUSD.4. Enter the amount of BNB or FDUSD you want to stake and confirm the transaction.5. Your staked assets will start earning PORTAL token rewards based on the pool's terms and hourly hard cap.6. To claim your PORTAL rewards, visit the Launchpool page and click on "Claim Rewards."7. Once the farming period ends, you can unstake your BNB or FDUSD by clicking "Unstake."It's important to note that participating in Launchpool events and staking cryptocurrencies come with risks, and the value of your staked assets may fluctuate during the farming period. Always do your own research and carefully assess the risks involved before deciding to participate. As always, exercise caution, and ensure you understand the risks associated with cryptocurrency staking and Launchpool events.$BNB $FDUSD #Write2Earn#Portal#TrendingTopic#Launchpoool
Binance is planning to launch a new token called "Portal" (PORTAL) on their platform through the Binance Launchpool. Here's what I can tell you;
• The Portal token (PORTAL) will be available for farming on Binance Launchpool. Users can stake their BNB and FDUSD (Binance's stablecoin) into separate pools to earn PORTAL tokens over a period of seven days.
• Farming for the PORTAL token will start on February 22, 2024, and trading will begin on February 29, 2024.
• According to the announcement, Binance will list PORTAL with trading pairs against BTC, USDT, BNB, FDUSD, and TRY.
• The PORTAL token is associated with a project that aims to provide decentralized and privacy-focused communication solutions.
• Farming a new token can be an attractive opportunity for users to earn potential returns, but it also comes with risks. Users should conduct their own research and assess the potential rewards and risks before deciding to participate in the farming process.
Binance's upcoming launch of the PORTAL token on its Launchpool platform provides an opportunity for users to farm and potentially earn returns on the new token. However, as with any investment or farming opportunity, it's crucial to approach with caution and perform due diligence before participating
Ethereum Whale Scoops Up Nearly 97K ETH Worth $281.91 Million: An Analysis
In a recent turn of events, an Ethereum whale with the address 0x7a9 has made a substantial investment in the cryptocurrency, buying a total of 96,810 ETH worth $281.91 million. According to on-chain analyst Ember monitoring, the purchases occurred over a period of 13 days from February 8th, with an average purchase price of $2,807 per ETH.This significant investment by a prominent player in the cryptocurrency space is a potential indication of confidence in the long-term growth of Ethereum and the broader cryptocurrency market. Several key points emerge from this news:* The investor's decision to purchase such a substantial amount of ETH may signify their belief in the asset's potential for future price appreciation. The average purchase price of $2,807 might suggest that the whale sees the current market conditions as an opportune moment to accumulate ETH at a relatively affordable price.* The timing of the purchases, which began on February 8th and continued over the following 13 days, indicates a steady accumulation strategy. This approach may indicate a belief in the potential for steady growth in the value of Ethereum, rather than an expectation of sudden, dramatic price increases.* The Ethereum blockchain and its native currency ETH have been gaining traction in recent months, with increasing adoption and interest from both retail and institutional investors. This news of a major investment by a whale may contribute to positive market sentiment and reinforce the perception of Ethereum as a strong contender in the cryptocurrency space.In conclusion, this significant investment by an Ethereum whale serves as a potential indicator of confidence in the long-term growth potential of the cryptocurrency market$ETH #Write2Earn
Newly Launched Starknet Token Faces Bearish Pressure as Early Investor Sells 954,100 STRK
The cryptocurrency market has seen the recent launch of the Starknet token (STRK), which has experienced a downward trend since its introduction, with its price dropping to $2. Recent developments have added to the token's bearish pressure, as reported by BlockBeats and Lookonchain.According to the report, an address associated with Nethermind, a Lido node operator, has sold a total of 954,100 $STRK tokens at an average price of $2.41, receiving approximately 2.3 million USDC in return. This move by an early investor could indicate a decrease in confidence in the token's short-term performance and add to the downward pressure on its price.The news of this significant sale and the bearish trend of $STRK could impact the overall market sentiment and potentially affect the value of other cryptocurrencies. Investors in $STRK and those considering investing in the token may feel increased caution, leading to decreased demand and further downward pressure on the token's price.In light of this news, investors are advised to approach investments in STRK with caution, as the token's short-term performance may continue to be volatile. Diversifying investments across multiple cryptocurrencies and conducting thorough research on projects before investing can help mitigate risks associated with market volatility.The long-term success of the Starknet project will depend on its ability to deliver on its roadmap and attract users to its platform. While the current market conditions for STRK may be unfavorable, the project's fundamentals and the team's execution will ultimately determine its success in the crypto market.#Write2Earn#strk#TrendingTopic#DYOR!!
In the past few hours, the cryptocurrency market has seen the introduction of two new coins, $PIXEL and $STRK , on the Binance exchange. Many investors and analysts had predicted that these coins would experience a bullish 📈 trend in their initial launch period. However, it appears that the market has not responded as expected, and some investors may be feeling disappointed 📉.
This turn of events underscores the importance of taking a cautious approach when investing in new cryptocurrencies, especially during the early stages of their launch. It's wise to closely monitor market trends and consider holding off on investing until the market stabilizes and a clearer picture of the coin's performance emerges.
In my case, I decided to purchase a small amount of $STRK at the $3.5 mark, which has resulted in minimal loss. I plan to hold onto my STRK coins for a few more days and hope that the market turns bullish as the market cap exceeds $2 billion.
Congratulations to those who managed to buy Pixel at a low price and are now seeing positive returns on their investment. Overall, the cryptocurrency market is highly volatile, and the performance of new coins can be unpredictable. It's essential to approach investing with caution and to always conduct thorough research before making any investment decisions
It's crucial to remain level-headed during these volatile market times, especially when new tokens like Starknet's STRK enter the arena. With the widespread anticipation surrounding this airdrop and the potential for high trading volume, the market could be unpredictable.
Remember, the "buy, sell, buy, sell" frenzy we often see in the crypto market can often be driven by fear and speculation. It's important to take a step back, conduct your own research, and make informed decisions before diving into any new investment opportunities.
A bit of caution goes a long way in the crypto world. While Starknet's Layer-2 scaling solutions and promising network features make it an exciting prospect, take the time to ensure it aligns with your investment strategy before jumping on board.
“$PIXEL is doing considerable well, contrary to speculations and call of some degens. All we need is to calm the flow and we’re going to the moon!!!. Buy, Hold!!. Stop incessant buying and selling, it’s causing market upsurge.”
Someone said this, @OhGeeDee KRYPT , and I totally agree. A lot of persons are just scared that they just sell off their pixel at the slightest change and I understand because pixel and still new and many of you don’t understand where it’s going.
I stated earlier that I regret not buying pixel when it was low but I already got some now and I’m holding
PS: this isn’t financial advice, DYOR and do what you want