The altcoins with the highest growth rates in terms of unique users were Sui and Blast, with 45% and 40% increases, respectively. The ranking of #altcoin networks by the total number of unique users is as follows:
BNB Chain: 452 million Polygon: 431 million Ethereum: 271 million Tron: 233 million Phantom: 177 million Optimism: 144 million Base: 76 million Arbitrum: 29 million Avalanche: 20 million Ronin: 19 million
Bitcoin’s dominance levels closed at a higher low on the monthly timeframe, If this metric may drop further in the coming days then the trend is strong #altseason, where #altcoins outperform #Bitcoin.
BNB has experienced a remarkable surge this year, fueled by bullish momentum sweeping through the cryptocurrency industry since January 2024.
The approval of the Bitcoin ETF by the US SEC in late December ushered in a wave of capital into blockchain projects, propelling BNB's growth. Another significant catalyst has been the unveiling of Futures NEXT by Binance, enabling users to anticipate token listings on the USDⓈ-M Futures market and earn rewards.
Technical analysis suggests that BNB's price, having rebounded from the $533.9 resistance, may surpass $600 in March 2024. However, a potential correction to $520 could precede its next upward movement, especially amidst a broader market correction landscape.
On Monday, the price of $XRP spiked by over 27% from its lowest point of the day, surpassing several resistance levels and reaching a new high for the year, above $0.745. This significant increase has attracted attention from investors and sparked conversations about the asset's future, especially regarding the possible introduction of an XRP exchange-traded fund (XRPETF).
Targets for the $XRP price look to be at $0.87, $2.00, $3.28, and $5.28.
If these targets play out then it would appear that $XRP ’s time in the sun may have arrived. Hang on tight, things are likely to get extremely heated.
Accepting Cryptocurrency As Payment on Your Website
In today's digital age, businesses are constantly seeking innovative ways to streamline transactions and cater to evolving consumer preferences. One such avenue gaining traction is the acceptance of cryptocurrency as a form of payment on websites. As cryptocurrencies like Bitcoin, Ethereum, and others continue to surge in popularity and acceptance, integrating them into your online payment options can offer numerous benefits for your business. Let's explore why and how you can embrace this futuristic trend. The Rise of Cryptocurrency: Cryptocurrency, once viewed as a niche concept, has now emerged as a mainstream financial instrument. With its decentralized nature, cryptographic security, and borderless transactions, cryptocurrency presents a paradigm shift in traditional finance. Its appeal lies in offering users greater control over their funds, reduced transaction fees, and enhanced privacy.
Advantages of Accepting Cryptocurrency: Global Accessibility: Cryptocurrency transactions transcend geographical boundaries, allowing businesses to reach a global customer base without the limitations of traditional banking systems.Lower Transaction Fees: Cryptocurrency transactions often incur lower fees compared to traditional payment methods like credit cards or bank transfers, saving businesses money on processing fees.Faster Settlements: Cryptocurrency transactions are processed more quickly than traditional banking transfers, enabling businesses to receive payments faster and improve cash flow.Reduced Fraud Risk: Cryptocurrency transactions are secure and irreversible, minimizing the risk of chargebacks and fraudulent activities that plague traditional payment methods.Attracting Tech-Savvy Customers: Accepting cryptocurrency can attract a tech-savvy audience who prefers using digital currencies for their online purchases, enhancing your brand image as an innovative and forward-thinking business.
How to Accept Cryptocurrency on Your Website: Choose a Payment Processor: Select a reliable cryptocurrency payment processor that integrates seamlessly with your website platform. Popular options include BitPay, Coinbase Commerce, and CoinGate, which offer easy-to-use plugins and APIs for integration.Select Supported Cryptocurrencies: Determine which cryptocurrencies you want to accept as payment. Consider popular options like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others based on your target market and business goals.Integrate Payment Gateway: Install the chosen payment gateway on your website, following the provided instructions for integration. This typically involves adding a "Pay with Cryptocurrency" button alongside existing payment options during the checkout process.Display Accepted Cryptocurrencies: Clearly communicate to customers that you accept cryptocurrency as a payment method by displaying supported cryptocurrencies on your website, checkout page, and marketing materials.Ensure Regulatory Compliance: Familiarize yourself with local regulations regarding cryptocurrency transactions and ensure compliance with tax laws and reporting requirements applicable to your jurisdiction.Provide Customer Support: Offer dedicated customer support to assist customers with cryptocurrency transactions, addressing any inquiries or concerns they may have regarding payment processing. Conclusion: Embracing cryptocurrency as a form of payment on your website opens doors to new opportunities and positions your business at the forefront of digital innovation. By leveraging the advantages of cryptocurrency transactions, you can enhance customer satisfaction, expand your reach, and stay ahead in today's dynamic e-commerce landscape. With proper integration and strategic implementation, accepting cryptocurrency can be a rewarding venture for your business in the long run. #Cryptopayment #BinancePay #CryptoPayment
FLOKI, DOGE, SHIB, BONK are always going to rally hard in bull markets. Market psychology will never change. Memecoins are always going to play an integral role in any money flow cycle.
It’s only a matter of time before SHIB revisits its old all-time highs to complete its U-shaped reversal. The only thing that’s a question mark is where price will form its re-accumulation range. In the blue-black ($0.000033285-$0.000047348) range or the orange-orange range ($0.0000221371-$0.000026041)?
In a recent update on X (formerly Twitter), Arkham revealed that Tesla holds 11,510 BTC, valued at $780 million, spread across 68 addresses. Furthermore, SpaceX has 8,290 BTC, worth $560 million, distributed across 28 addresses.
Arkham emphasized that the on-chain fund movements are consistent with the financial disclosures of both companies. It highlighted Tesla's initial purchase of $1.5 billion worth of BTC in January 2021, as well as two instances of BTC sales: $272 million in the first quarter of 2021 and $936 million in the second quarter of 2022.
In financial chart analysis, a parallel trade line occurs when two trend lines are drawn parallel to each other. This typically happens when there is a clear trend in the market, and traders identify key support and resistance levels. When parallel trade lines occur, it often signifies a continuation of the current trend, suggesting that the market is likely to move in the same direction. Traders use this information to make decisions about entering or exiting trades.