Market capitalization: $83 billion USD Binance Coin (BNB) serves as a cryptocurrency for trading and fee payments on Binance, a leading global crypto exchange. Since its inception in 2017 at $0.10 USD, BNB's price surged to around $557 USD by April 20, 2024, marking an exceptional gain of about 556,900%.
2. Ethereum (ETH)
Market capitalization: $367 billion USD Ethereum is not just a cryptocurrency but also a robust blockchain platform. Its price journey from around $11 USD in April 2016 to roughly $3,050 USD in April 2024 reflects a staggering growth of 27,627%.
3. Tether (USDT): Market capitalization: $109.6 billion USD Unlike many cryptocurrencies, Tether (USDT) is a stablecoin pegged to the US dollar, maintaining a 1:1 backing. This stability mechanism theoretically ensures a more consistent value compared to other volatile cryptocurrencies.
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4. $REZ Renzo Protocol's native token, REZ, experienced a significant drop in value shortly after its listing on Binance, the world's largest crypto exchange. On April 23, Binance added REZ to its Launchpool as the 53rd project in its token distribution plan. Renzo Protocol stands as the second-largest liquid restaking protocol after Ether.fi, with a total value locked (TVL) exceeding $3.3 billion USD.
5. $BTC (Bitcoin)
Market capitalization: $1.25 trillion USD Launched in 2009 by Satoshi Nakamoto, Bitcoin (BTC) stands as the pioneering cryptocurrency. In May 2016, the price per Bitcoin was approximately $500 USD. By April 20, 2024, post the most recent Bitcoin halving event, the price had surged to around $63,750 USD, marking an impressive growth of over 12,650%. ❤️LIKE 🫂FOLLOW #CryptoWatchMay2024 #REZ #RenzoCoin
Sure, let's break down the scenario step by step: 1. **Withdrawal from Binance**: - 1.238 trillion PEPE ($10.15 million) withdrawn from Binance on May 5. 2. **Transfer back to Binance for sale**: - An hour and a half ago, the PEPE was transferred back to Binance for sale. 3. **Price Change**: - This transfer caused a 5% decrease in PEPE price ($0.00000853→$0.00000807). 4. **Purchase and Sale**: - Initially bought 1.238 trillion PEPE for 7.62 million USDT at a price of $0.00000617 USD per PEPE. - Sold them today for a profit of 2.67 million USD (+35%). So, in summary, the individual withdrew a significant amount of PEPE from Binance, transferred it back for sale, which led to a price decrease, and made a substantial profit from buying and selling at opportune moments. #PEPE❤️ #BTC #altcoins
Market capitalization: $83 billion USD Binance Coin (BNB) serves as a cryptocurrency for trading and fee payments on Binance, a leading global crypto exchange. Since its inception in 2017 at $0.10 USD, BNB's price surged to around $557 USD by April 20, 2024, marking an exceptional gain of about 556,900%.
2. Ethereum (ETH)
Market capitalization: $367 billion USD Ethereum is not just a cryptocurrency but also a robust blockchain platform. Its price journey from around $11 USD in April 2016 to roughly $3,050 USD in April 2024 reflects a staggering growth of 27,627%.
3. Tether (USDT): Market capitalization: $109.6 billion USD Unlike many cryptocurrencies, Tether (USDT) is a stablecoin pegged to the US dollar, maintaining a 1:1 backing. This stability mechanism theoretically ensures a more consistent value compared to other volatile cryptocurrencies.
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4. $REZ Renzo Protocol's native token, REZ, experienced a significant drop in value shortly after its listing on Binance, the world's largest crypto exchange. On April 23, Binance added REZ to its Launchpool as the 53rd project in its token distribution plan. Renzo Protocol stands as the second-largest liquid restaking protocol after Ether.fi, with a total value locked (TVL) exceeding $3.3 billion USD.
5. $BTC (Bitcoin)
Market capitalization: $1.25 trillion USD Launched in 2009 by Satoshi Nakamoto, Bitcoin (BTC) stands as the pioneering cryptocurrency. In May 2016, the price per Bitcoin was approximately $500 USD. By April 20, 2024, post the most recent Bitcoin halving event, the price had surged to around $63,750 USD, marking an impressive growth of over 12,650%. ❤️LIKE 🫂FOLLOW #CryptoWatchMay2024 #REZ #RenzoCoin
Binance Square Feature Update – April 15, 2024 Hi Binancians, We're excited to announce that Binance Square's newest updates are now live in app version 2.81. For a smoother and more efficient browsing experience, we recommend updating your app. Here is a breakdown of our latest features: Automatic Coin Detection Our system will instantly identify and link mentioned coins to their trading pages, enhancing content clarity and navigation. There are two scenarios: Manually Mentioned Coins: Whenever you include relevant coins in your text using the coins icon, they will be automatically linked to their trading pages. Automatic Detection: Our system proactively detects mentioned coins in your content and links them to their trading pages. Trending Topics Stay updated with Trending Topics! This feature allows users to explore the latest industry trends, share insights, and stay informed on market movements, all while staying connected to the community’s pulse. One-Click access to ongoing Launchpad (Launchpool) Whenever creators share content about ongoing farming Launchpad or Launchpool projects, our system will automatically detect it and place a coin icon underneath. Clicking this icon redirects users directly to the Launchpad or Launchpool page, providing a seamless navigation experience. Stay Updated with All Things Binance Square Follow the official Binance Square account to keep up with the latest news, features, and updates, and ensure you never miss important information. Your opinion matters to us! If there's a product or feature you want to see implemented on Binance Square, don't hesitate to let us know. Submit your ideas through our customer support, and together, we'll work towards making Binance Square even better. Thank you for being a part of our community
Navigating the Dynamic Crypto Market Landscape: Insights from Binance
In the ever-evolving realm of digital assets, the crypto market stands as a testament to innovation, disruption, and unparalleled growth. As the leading global cryptocurrency exchange, Binance continues to spearhead advancements within this dynamic ecosystem, empowering traders and investors with cutting-edge tools and insights to navigate the complexities of the crypto market. Unveiling Market Trends: Understanding the pulse of the crypto market is paramount for making informed investment decisions. Binance, equipped with advanced analytics and research capabilities, provides users with comprehensive insights into market trends, price movements, and emerging opportunities. Through real-time data analysis and expert commentary, traders gain a competitive edge in identifying lucrative investment avenues and mitigating risks. Diversification Strategies: Diversification remains a cornerstone principle in any investment strategy, and the crypto market is no exception. Binance offers an extensive array of digital assets, ranging from established cryptocurrencies like Bitcoin and Ethereum to promising altcoins and DeFi tokens. With access to a diverse portfolio of assets, investors can mitigate volatility and optimize their risk-return profile, ensuring resilience against market fluctuations. Security and Trust: Security concerns have often plagued the crypto industry, but Binance prioritizes the safety of user funds through robust security measures and stringent protocols. Utilizing cutting-edge technologies such as multi-layer encryption, cold storage, and advanced authentication mechanisms, Binance ensures the integrity and confidentiality of user assets, fostering trust and confidence among its global user base. Innovation at the Forefront: Innovation lies at the heart of Binance's mission, driving the continuous evolution of its platform and services. From pioneering new trading products such as futures and options to embracing emerging technologies like decentralized finance (DeFi) and non-fungible tokens (NFTs), Binance remains at the forefront of industry innovation, catering to the diverse needs and preferences of its users. Empowering Financial Inclusion: Binance is committed to democratizing access to financial markets, empowering users worldwide to participate in the crypto revolution. Through user-friendly interfaces, educational resources, and localized support, Binance facilitates seamless onboarding and engagement for both novice and experienced traders, fostering greater financial inclusion and empowerment across diverse communities. Community Engagement: At its core, Binance is driven by a vibrant and passionate community of users, whose feedback and contributions shape the platform's evolution. Through initiatives such as community forums, educational webinars, and social media engagement, Binance cultivates an inclusive ecosystem where users can collaborate, learn, and grow together, fostering a sense of belonging and shared purpose. Looking Ahead: As we venture further into the digital age, the crypto market continues to redefine the boundaries of finance, innovation, and global connectivity. With Binance leading the charge, users can navigate this dynamic landscape with confidence, leveraging cutting-edge tools, insightful analytics, and a robust support network to unlock the full potential of digital assets. In conclusion, the crypto market represents a paradigm shift in the way we perceive and engage with financial assets, and Binance stands as a beacon of innovation and trust in this transformative journey. By empowering users with knowledge, resources, and unparalleled access to the world of crypto, Binance remains committed to shaping the future of finance, one transaction at a time. #Write2Earn