Earn Wednesday: New Limited-Time Offers Available Now! (2024-02-28)
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn presents to you new offers that will launch each Wednesday. Stay tuned for Earn Wednesday to get rewards across Simple Earn, BNB Vault, ETH Staking, Dual Investment and more. [Trending Limited-Time Offers] ProductOfferingsDurationAPRMin. Subscription Limit per UserMax. Subscription Limit per User Flexible ProductsUSDTFlexibleReal-Time APR(Approx. 17%)+Up to 7% Bonus Tiered APR0.1 USDTUnlimitedUSDCFlexibleReal-Time APR(Approx. 8%)0.1 USDCUnlimitedBNB VaultBNBFlexibleReal-Time APR+Up to 0.35% Bonus Tiered APR+PORTAL Launchpool Rewards0.0015 BNBUnlimitedLocked ProductsBNB120 Days3.5%+PORTAL Launchpool Rewards0.001 BNB20 BNBSOL120 Days8.5%0.01 SOL40 SOLDual InvestmentBTCMultiple Settlement DatesUp to 15% or more0.00001 BTC200 BTC per subscription Please Note: Flexible and Locked ProductsOffers are available on a first-come, first-served basis. Once subscribed, users can view their assets by going to Wallets > Earn.Users may choose to redeem their assets in advance in Simple Earn Locked Products. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to differing global time zones, it may take 48-72 hours to receive the tokens.Users will automatically receive rewards from ongoing Launchpools when they hold BNB Vault and/or BNB Locked Products positions. Refer to this announcement for more information. ********** [More Earn Updates & Attractive Promotions] Locked Products & ETH Staking Eligible users who confirm their participation and subscribe to BNB Locked Products or ETH Staking during the Promotion Period to share up to 220,000 ALT in airdrop rewards. [View more] Dual Investment Users may subscribe to Dual Investment with BTC, USDT, FDUSD and more, to earn up to 15% APR or more in rewards during periods of high trading volume and increased price volatility. [View more] ********** Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-02-28
💸Tom Lee's Bitcoin Prediction: BTC Potential to $150,000 in Next 12 Months✅Are you ready to witness the Bitcoin price explosion? Tom Lee of Fundstrat Global Advisors predicts eye-popping numbers, with Bitcoin potentially reaching $150,000 in the near future. The SEC's decision to approve a spot Bitcoin ETF is the anticipated catalyst. Check out this in-depth look at the predictions that could change the course of the crypto market!✅Tom Lee, a prominent figure in the world of finance, brought a breath of fresh air to Bitcoin fans with his very optimistic predictions. In an interview with CNBC, he predicted Bitcoin could soar to $150,000 in the next 12 months.✅Furthermore, he even predicted that in five years, Bitcoin could reach $500,000, a figure that is almost unimaginable today. Lee emphasized that Bitcoin's limited supply and expected increase in demand form the basis of his analysis.✅Although the stock market may face challenges in 2024, Lee remains confident in Bitcoin's potential. He also reminded that macroeconomic factors such as Federal Reserve policy and inflation trends need to be monitored closely#Write2Earn#TrandNTell#CryptocurrencyPotential#BTC
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**One interesting feature of VLVT DeFi is that you can invite your friends to join and earn team dividends from their investments. The dividend rates vary depending on the level of your referrals.
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Bitcoin Price Stumbles After Fed Dashes Hopes for Rate Cuts in March
Bitcoin (BTC) stumbled on Wednesday after the United States Federal Reserve decided to leave interest rates unchanged, hosing down hopes for a potential rate cut in March.
During the Federal Open Markets Committee press conference on Jan. 31, the Fed Reserve Board said interest rates would stay at 5.25%-5.50% adding that it would need to have “greater confidence” that inflation pressures had been dealt with before cutting rates.
The price of Bitcoin fell a little over 2.2% following the FOMC announcement and is currently changing hands for $42,590 — though it is still up 7% for the week, per TradingView data.
Bitcoin fell 2.2% following the FOMC’s decision to pause rates. Source: TradingView
“The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” it said in a statement.
The Federal Open Market Committee (FOMC) wrote that recent indicators pointed to “solid” economic expansion, listing continued growth in jobs and a reduction in the unemployment rate as evidence of strength.
However, the Fed reiterated its hawkishness, saying that while inflation had eased over the past year, it remains at a level where rate cuts are by no means a certainty.
“The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks.”
Rate cuts are often considered bullish for risk assets such as cryptocurrencies and tech stocks.
When the Federal Reserve cuts rates, it makes it cheaper to borrow capital, which increases overall spending activity and risk-on behavior in the economy.
Related: Bitcoin might drop to $30,000, but that's OK
In an emailed note to Cointelegraph, IG Markets analyst Tony Sycamore wrote that Bitcoin is trading lower due to a “deterioration in risk sentiment” brought about by the Fed’s hawkishness.
Sycamore added that investors could expect a rally toward around $45,000 before returning to the mid-$30,000 region. After this, Sycamore said that he expects the general uptrend for Bitcoin to resume.
Big Questions: How can Bitcoin payments stage a comeback?
One Crypto Trader Made $1.6 Million As New Solana Meme Coin, WEN, Soars 500%
A crypto trader capitalized on the new Solana meme coin WEN’s popularity, making around $1.6 million in profits within 14 hours.
WEN experienced a remarkable 500% surge in value, reaching a peak of $0.0001378.
Solana has welcomed the emergence of a new meme coin called WEN. This digital asset generated significant community interest after being distributed to over a million wallets.
Capitalizing on WEN’s heightened excitement, a savvy trader successfully amassed approximately $1.60 million in profits within 14 hours.
Solana Meme Coin Trader Wins
Blockchain investigator LookOnChain disclosed that the trader initially purchased 20 billion WEN tokens at the launch for $125,500.
Subsequently, the trader strategically offloaded 12.5 billion WEN for $807,000, raking in an impressive profit of $682,000.
See Also: Google Set To Allow Crypto Ads, Including Bitcoin ETFs
Despite this substantial sale, the trader still holds 7.6 billion WEN at an unrealized profit of $941,000.
This profit realization coincides with a remarkable surge in the meme coin’s value within 24 hours.
According to Coinstats, the WEN token experienced an extraordinary 500% price increase since its launch on January 26, peaking at $0.00013781 before retracing to $0.00009401.
WEN Price Chart | Source: Coinstats
This surge propelled WEN’s market capitalization to an initial $135 million, which has since adjusted to $95.8 million.
Notably, trading data indicates substantial community activity surrounding the Solana-based meme coin.
Data from CoinMarketcap reveals that trading pairs linked to WEN, such as USDC/WEN and SOL/WEN, contributed to over 30% of the trading activity on Solana’s leading decentralized exchange, Jupiter.
What Is the WEN Meme Coin?
The community conceived WEN as a tribute to Weremeow and the prevalent crypto question of “when.”
Usually, “wen” shows anticipation for a token launch or the release of a new feature in the crypto space.
See Also: BTC Price Soars Above $42K as Bitcoin Accumulation Wallets Now Worth $68B with 1.7M BTC
On the other hand, the pseudonymous developer of Jupiter, Meow, wrote a fractionalized NFT poem that serves as the genesis of the WEN memecoin.
“I f*cking love wens. Wens mean you are wanted. Even if it is anon internet bros. Wens means they look forward to my sh*t. Even if some just want to dump my ass. Wens mean I am blessed enough to give. Even if most of them don’t give a damn. So to all you wen bros. I am sorry if I get pissed. Just like you to me. This annoyance is born from love. Yes I know you love me. Even if you don’t say it. So keep the wens coming. I will dance along. And you will play with me. Hopefully we will tango and. Wen forever more,” Meow wrote.
A Love Letter To Wen Bros pic.twitter.com/amTNSLcQ3f
— meow (@weremeow) December 23, 2023
The project adopted a strategic distribution approach to its fixed supply of one trillion tokens.
Specifically, it airdropped 70% of the tokens to eligible Jupiter users who actively traded a minimum of $5 volume between July 2023 and January 2024.
Any tokens not claimed by January 29 will be burnt, according to the project’s official X handle.
Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
The post One Crypto Trader Made $1.6 Million as New Solana Meme Coin, WEN, Soars 500% appeared first on BitcoinWorld.
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