The Solana (SOL) cryptocurrency coin is now seeing meteoric growth, and all signs point to it not slowing down anytime soon as it approaches $100.There are a number of positive stories circulating inthe Solana ecosystem, so this is certainly doable. Curiously, SOL is now the fifth biggest cryptocurrency by market cap, surpassing XRP.Seriously, Solana DeFi 2.0A tweet by the official Solana X (formerly Twitter) account on December 16 said, "Solana DeFi 2.0 is just getting started." With its DeFi network gaining momentum, SOL might be up to something. Solana and Ethereum have been competing head-to-head in terms of DEX volumes on their respective chains, according to data from DeFiLlama.The 7-day DEX volume for Solana recently broke Ethereum's record. Over the past week, trade activity on SOL has totaled about $9.03 billion across all DEXs on the network. The Ethereum market was worth $8.836 billion simultaneously. It becomes even more astounding when you think about how Ethereum is home to the leading decentralized exchanges.The inevitable $100 price point for SolaSOLna is imminent given the amount of capital flooding into the ecosystem. According to DeFi Llama's data, a lot of people are increasing their investments in the Solana ecosystem. The Total Value Locked (TVL) on Solana has reached $1.20 billion, its highest level since last year, as of this writing.It is important to recognize the protocols that are expanding upon Solana. Jito, a protocol for liquid staking, is one of them; it has more than $570 million in locked funds. A recent airdrop of $225 million to $SOL users by the DeFi platform injected fresh capital into the economy.The "Ethereum Killer" moniker has stuck with Solana for quite some time, although the technology has failed to deliver as promised. Many people thought the network couldn't compete with Ethereum because of its long history of frequent outages. This time, though, more and more people are of the opinion that SOL can actually deliver on all the promises made.Notably, since the last known network breakdown in February of this year, the Solana network has maintained a perfect uptime record. In light of the current uptick in network activity at Solana, this is all the more praiseworthy.Many may see Solana as a viable alternative to Ethereum if it can permanently eliminate these problems. Undoubtedly, the value of SOL will ris tandem with its increased utility.Solana is "doing a really good job," according to ARK Invest CEO Cathie Wood, who recently spoke highly of her. Additionally, she hinted that SolaSOLna outperforms Ethereum in terms of speed and cost-effectiveness.$SOL #BinanceTournament #VoiceOfCrypto #Osmy_CryptoZ #Topsoon

Cardano's price surge is expected beyond $1 as the cryptocurrency shows bullish signs, with analysts predicting a retest of the $1 mark soon.Cardano, the eighth-largest cryptocurrency by market capitalization, is currently showing bullish signs on its 1-day time frame, with a trading price of $0.606351. Despite a slight 0.28% decrease in the last 24 hours, the digital currency’s trajectory suggests a potential retest of the $1 mark in the near future.Cardano’s journey in 2023 was remarkable, achieving a 150% surge and touching a yearly high of $0.67 twice last month. This growth mirrors the expansion in its ecosystem. Minswap, Cardano’s top Decentralized Exchange (DEX), saw an incredible 26,000% increase. Additionally, JPG Store, the leading Non-Fungible Token (NFT) platform on Cardano, welcomed over 16,540 new addresses.Analysts Views on Cardano’s FutureCrypto analyst LuckSide points out Cardano’s critical resistance zone between $0.60 and $0.67. He proposes two scenarios: an upward surge to the $0.70 range or a potential dip to $0.40. Despite regulatory challenges, including being labeled a security by the US SEC, the analyst’s outlook for 2024 remains positive.Dan Gambriello, another prominent analyst, emphasizes Cardano’s dependency on Bitcoin’s market movement for significant gains. He notes ADA’s breakout from a crucial symmetrical triangle, projecting a potential target of $0.80. However, he cautions about the resistance posed by the 200-week moving average, which could act as a major hurdle or a confirming indicator for Cardano’s upward momentum.The cryptocurrency’s 50-day moving average is trending upward, potentially supporting future interactions. The 200-day moving average, currently below the price, might also support a continuing bullish trend. The Relative Strength Index (RSI) remains in the 50-60 neutral zone, indicating a stable trend.Cardano Exhibits Bullish Potential as Bulls Aim $0.070In the recent 2-hour Cardano (ADA) chart, a tug of war is evident between the bears trying to push the price below $0.5896 and the bulls defending this level. Despite the bearish attempts, buyers have consistently provided enough support at this zone. ADA opened the trading session bullishly, maintaining its stand above the $0.600 level. This bullish trend was further solidified as the bulls rebounded, creating a price swing from an intraday low. The Cardano price then recovered to the supply zone at $0.605. ADAUSD formed several double bottoms, indicating a stable yet low price change. Parabolic SAR dots below the price level suggest an underlying bearish sentiment in the market. However, the ongoing struggle between bears and bulls to control ADA’s pricing remains unresolved, with the bulls are having the upper hand.ADA/USD 1-Day chart | TradingViewThe previous hour saw a significant shift in momentum as bulls gathered strength, successfully breaking above minor resistance at $0.70. Following this breakout, the price of ADA rose steadily, reaching an intraday high of $0.6065. This bullish trend is further confirmed on the 4-hour chart, where the consolidation around the $0.605 supply zone is a crucial entry point for potential buyers. This could increase prices above the SMA 20 at $0.6112. Conversely, if the bulls fail to maintain their momentum, ADA’s price might return to its primary support at $0.560. A breach of this support level could lead to a further drop to $0.5112, aligning with the EMA 50 and potentially signaling a downtrend for Cardano.Remember: Your generous vibes power our mission! 🌟Help us serve you better with your awesome tips and keep the Binance spirit alive.🚀And as a gentle reminder, let's keep the Binance love alive by respecting sensitive data and avoiding any negativity without basis. Constructive criticism? Bring it on!🤝#2024withBinance #BinanceTournament #priceprediction #Osmy_CryptoZ

NFPrompt (NFP) made its market debut on December 27, coinciding with Binance Future's NFPUSDT Perpetual Contract launch.Binance Futures launched the USD-M NFP Perpetual Contract on December 27, 2023, at 1:30 p.m. UTC, providing traders with the opportunity to engage in perpetual trading with up to 50x leverage. The underlying asset, NFPrompt (NFP), would be settled in USDT via this perpetual contract. The update comes after NFP’s listing on Binance after it made its market debut on Wednesday.Details Of Binance Futures’ NFPUSDT Perpetual ContractThe key details of the Binance Futures USD-M NFP Perpetual Contract include:Launch Time: December 27, 2023, at 1:30 p.m. UTCUnderlying Asset: NFPrompt (NFP)Settlement Asset: USDTTick Size: 0.0001Capped Funding Rate: +2.00%/-2.00%Funding Fee Settlement Frequency: Every 4 HoursMaximum Leverage: 50xTrading Hours: 24×7Multi-Assets Mode: SupportedIn the perpetual contract, Binance will also offer a maker fee rebate of 0.005% for qualified USD-margined futures liquidity providers during the initial approximately 14 to 15 days. The announcement also mentioned that to adapt to market risk conditions, Binance reserves the right to adjust specifications. These adjustments could include tick size, funding fees, maximum leverage, initial margin, and maintenance margin requirements.The Multi-Assets Mode of the project will enhance flexibility, enabling users to trade the NFPUSDT Perpetual Contract across various margin assets, such as Bitcoin (BTC), subject to applicable haircuts. This mode will allow traders to leverage diverse trading strategies.Additionally, Binance introduced NFP to Binance Convert, enabling users to trade NFP against BTC, USDT, and other supported tokens at zero fees. Earlier, the NFP Binance listing took place on the same day after the conclusion of the Binance Launchpool project. Moreover, the NFPrompt network scheduled an airdrop on Wednesday to reward their true supporters.NFP Price TodayThe recent developments marked a turning point for the NFPrompt team and propelled the NFP crypto price to gain. The NFP price added 1.39% to its value and traded at $1.188369 at press time. The crypto registered a high of $1.23 during the trading session.Moreover, the NFP market capitalization increased by 0.58% to $294.38 million. Whilst, the day’s trade volume was recorded at $277.39 million, which is an impressive figure for a new entrant in the crypto space. The current circulating supply of NFP stands at 250 million tokens, which is 25% of the total supply of 1 billion tokens.#BinanceChallenge #NFP #BinanceTournament #Osmy_CryptoZ

After hitting a 21-month high, Bitcoin price fell on Wednesday morning, sending the global crypto market cap tumbling to $1.73 trillion.Red was the dominant color all over the cryptocurrency charts on Wednesday morning. The OG cryptocurrency Bitcoin fell, retreating from the nearly two-year high but prices were still hovering around the peak of the recent rally.Other cryptocurrencies followed suit, leaving crypto investors jittery. However, Bitcoin’s recent price surge has spurred calls for a new crypto bull market, buoyed by expectations that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) by Jan 10.Bitcoin price slid 0.36% over the last 24 hours to $45,256, with its market capitalization at $886.54 billion. The 24-hour trading volume, however, jumped nearly 28% to $32.7 billion.Beyond Bitcoin, Ethereum — the second largest crypto — fell 0.82% to $2,368. At press time, its market capitalization stood at $284.67 billion. Ether’s trading volume over the last 24 hours surged over 37% to $11.68 billion.Other tokens were also weak, with Tether price down 0.05% and BNB off 2.08%. Solana plunged over 3% in the last 24 hours to below $108 while XRP shed more than 1%. Memecoins also fell, with Dogecoin dropping 1.34%, and Shiba Inu sliding 1.78%.The drop in prices of cryptocurrencies was reflected in the global crypto market, which slid nearly 0.47% to $1.73 trillion. However, the fear and greed index level stood at 74, indicating investor sentiment is greed, meaning they’re still keen on buying.Top 3 Cryptos For TodayPepe CoinThe price of Pepe Coin has fallen over 4% over the last 24 hours to $0.000001367, sending its market cap tumbling by over 4% to $574.5 million. However, its trading volume over the last 24 hours was up nearly 3% at $73.14 million.Kaspa (KAS)While major cryptocurrencies fell on Wednesday, KAS investors were rolling in dough, with the token rising nearly 2% to $0.12 over the last 24 hours. The optimism was reflected in its market cap, which expanded by 1.86% to $2.6 billion. The 24-hour trading volume surged over 30% to over $36.56 millionArbitrum (ARB)The price of Arbitrum jumped over 9% over the last 24 hours to $1.89. The token has appreciated more than 47% in the last seven days and is sitting at a market cap of $2.41 billion. As of writing, its trading volume stood at $1.3 billion.#BTC!💰 #priceprediction #BinanceTournament #Osmy_CryptoZ #2024withBinance

BTC's price showed weakness during the past day despite the prevailing market optimism.The crypto market faced significant liquidations of nearly $170 million post-Christmas, triggered by a slight decline in the values of major cryptocurrencies.Data from CoinMarketCap indicates that the largest cryptocurrency by market capitalization, Bitcoin, declined 1.18% to $42,639, reminiscent of its run in the previous week.Similarly Ethereum and other large-cap alternative cryptocurrencies like Tron, Avalanche, XRP, and others recorded slight losses during the reporting period.Conversaly, some digital assets like Binance-backed BNB, high-flying Solana, and ORDI showed strength with gains of 5%, 3%, and 13%, respectively.Solana SOL and ORDI are two of the best-performing digital assets of the current year. These cryptocurrencies have generated much interest and adoption from the crypto community heavily investing in them.$170M liquidatedCoinglass data shows that these asset price movements liquidated $168 million across all assets from more than 70,000 crypto traders during the past day. Long position holders—traders betting on price increases—lost $92.16 million, while traders with bearish sentiments were liquidated $76 million during the reporting period.Across assets, speculators on BTC price saw the most losses of about $26 million within the last 24 hours, with long traders losing $12.48 million and short positions losing $13.03 million. Notably, the most significant single liquidation order was a $3.15 million long BTC position held on BitMEX.Similarly, Ethereum traders faced around $21 million in losses, while Solana traders also lost approximately $24 million, with most losses suffered by long traders.Traders speculating on ORDI price also experienced losses totaling about $22 million. Long traders of the token faced losses of approximately $7.5 million, while those betting against its price lost $13.83 million.Meanwhile crypto traders using the embattled Binance platform accounted for more than 40% of the total losses suffered in the market. The exchange users lost $72.25 million, followed by OKX with $51.65 million.Additionaly traders on Bybit were liquidated for $22.92 million, while Huobi users incurred a total loss of $17.51 million.#BinanceChristmas #BinanceTournament #BitcoinPriceDrop #Osmy_CryptoZ

Cardano Price Prediction: The ADA price on the verge of a triangle pattern will intensify the buying pressure.Cardano Price Prediction: In line with current market uncertainty, the Cardano coin price traded sideways for nearly three weeks. The daily chart shows rejection candles on both sides indicating high volatility and no indication from buyers or sellers. However, this consolidation developed into a pennant pattern indicating that the buyers have an opportunity to resume the recovery trend.Is ADA Price Ready to Hit $0.8?A bullish breakout from the triangle pattern will trigger a directional rally.The midline of the Bollinger band indicator continues to offer strong pullback support.The intraday trading volume in the ADA coin is $829 Million, indicating a 1.4% gainCardano Price Prediction | TradingView ChartAfter witnessing an aggressive recovery in the last two months, the Cardano price hit a major roadblock at $0.68. This newfound supply pressure in tandem with market volatility turned the ADA price projection sideways.However, the consolidation resonating within two converging trendlines shows the formation of a bullish pennant pattern. This chart pattern, often spotted in between established rallies, indicates the buyers are having a mild breather to revive the recovery rally.The new entries in the market should wait for a breakout above the overhead trendline to get confirmation of an upcoming rally. This post breakout would surge 27% up to hit the $0.8 mark. On a contrary note, if the prices break below the lower trendline, the Cardano coin may witness a significant correction ADA vs BTC PerformanceSource: Osmy_CryptoZ | Cardano Vs Bitcoin PriceIn a comparison analysis, the Bitcoin and Cardano coins show a strong bullish outlook for their near future. However, a keen difference between them is that the ADA price shows a long post-rally correction which usually develops into a bullish continuation pattern like a flag or pennant, While the Bitcoin price shows gradual growth with new breakout opportunities.Relative Strength Index: The RSI slope above the 50% mark indicates the market sentiment is positive on this asset.Bollinger Band: The converging boundaries of the Bollinger Band indicator accentuate a highly volatile phase in this asset.#CardanoPredictions #BinanceTournament #2023WithBinance! #Osmy_CryptoZ

Will Bitcoin’s Declining Dominance Push Solana (SOL), Shiba Inu (SHIB) And Injective (INJ) Prices?This week began with a downturn in the market, but it has since shown significant recovery, with Bitcoin approaching the $44,000 mark. As a result, major altcoins are seeing a surge in investment, aiding them in surpassing key resistance levels. As the year draws to a close, the upcoming week could bring increased volatility, potentially leading to new peak prices or lows for Solana, Shiba Inu, and Injective.Bitcoin’s Low Dominance Triggers AltcoinsCurrently, Bitcoin is facing a resistance level at $45,000, and its market dominance has seen a slight decline, moving from a peak of 55.12% to 52.74%. At the same time, the market dominance of altcoins has been increasing as the metric has surged from 11.08% to 13.11%.Technical analysts often see a decrease in Bitcoin’s market dominance, combined with Bitcoin’s price showing range-bound movement or consolidation, as a potential indicator of an immediate breakout in altcoin prices. With the BTC’s dominance currently declining and altcoins dominance surging, we might see a potential bullish week for altcoins next week.Solana Price AnalysisSolana experienced a notable rebound from its 20-day Exponential Moving Average (EMA) and broke the ascending channel pattern, which reflects strong buying interest from bullish traders.The SOL price touched a high of $99.5 and might encounter selling pressure around the $100 mark. However, if the bulls manage to maintain their position above $104 without significant losses, the likelihood of the uptrend continuing remains high. A push above the $100 level by buyers could set Solana on a path towards $118 next week. #BinanceTournament #Priceanalysis #Osmy_CryptoZ #BinanceWish

MAJOR POINTSSOL captivated crypto traders' interest as its weekend trading volume on major centralized crypto exchange platforms surpassed that of Bitcoin and EthereumThe Solana network hit a record-high number of 6.8 million addresses this monthSOL was trading in the green zone at $112.96 as of 5:37 a.m. ET on TuesdaySolana (SOL), the native cryptocurrency of the network of the same name, achieved a significant milestone over the weekend when it flipped two of the world's largest crypto assets by market capitalization -- Bitcoin (BTC) and Ether (ETH) -- in terms of trading volume.Solana has surpassed Binance Coin (BNB) and Ripple's XRP since Monday, and has continued to retain its spot as the fourth-largest crypto asset by market capitalization, based on the latest data from crypto aggregator CoinMarketCap.But, during the past weekend, SOL captivated crypto traders' interest as its weekend trading volume on major centralized crypto exchange platforms crossed that of Bitcoin and Ethereum. This significant milestone was first shared by Coinbase director Conor Grogan last Sunday, noting that Solana had more trading volume versus combined trading volume of Bitcoin and Ether.#BinanceTournament #Launchpool #SolanaGems #Osmy_CryptoZ

Crypto Price Prediction: The continuation of the correction phase offers a discount opportunity in BSV, CSPR, and LDOCrypto Price Prediction: The crypto market witnessed steady selling pressure in the last week of 2024, prolonging a correction phase in the majority of major cryptocurrencies. The market leaders Bitcoin and Ethereum falling for three consecutive days registered a 5% and 4.4% decline to current trade at $41742 and $2278However, with the long-term rally being Bullish, this post-rally correction can offer suitable pullback opportunities in tokens like BitcoinSV(BSV), Casper(CSPR), and Lido DAO(LDO).The global cryptocurrency market capitalization currently stands at $1.64 trillion, reflecting a 1.72% decrease from the previous day. Moreover, the total trading volume in the crypto market over the last 24 hours has been $69.28 billion, which shows a decrease of 6.28%On December 29th, several prominent asset management firms, including BlackRock Asset Management, VanEck, Valkyrie Investments, Bitwise Investment Advisers, Invesco Ltd., Fidelity, WisdomTree Investments, and a collaboration between Ark Investments and 21Shares, updated their filings with regulatory authorities. These documents detail the strategies each firm has implemented with their market makers to enhance liquidity and efficiency in trading. This flurry of activity and the potential for regulatory approval for Bitcoin spot ETF could signal a positive turn for BTC price, as it represents a growing acceptance and integration of cryptocurrencies into mainstream financial markets.BitcoinSV(BSV) Price Poised to Retest $89; Buy this Dip?BitcoinSV(BSV) Price| TradingView ChartBitcoinSV (BSV) price recently saw a dramatic 94% increase in its value, jumping from $49.3 to $89. This rally was driven primarily. by strong demand in the crypto space. Notably, on December 29th, BSV’s trade volume soared by 615.98%, reaching over $612.40 million. A significant portion of this activity, about 67.25%, was concentrated in South Korea, particularly on the Upbit exchange which handled $513.81 million in BSV trades. This trend indicates a growing interest among South Korean investors in BSV, sparking a market-wide FOMO and pushing prices higher. However, the daily chart reveals a significant long-wick rejection candle at $100, suggesting profit-taking activities by short-term traders. This action could lead to a potential correction, possibly bringing BSV’s price down to support levels at $89 and then $73.85. The ADX slope, currently at 32%, suggests a potential weakening of buyer momentum, possibly leading to a market pullback.Casper Price Analysis: Bullish Pattern Project Early Signs of Bull RunCasper Price Analysis| TradingView ChartCasper(CSPR) Price has been on a recovery trajectory since late October, supported by a broader market recovery and the formation of a rounding bottom pattern. After a bullish bounce from $0.029, the coin’s price increased by 76% over ten weeks, reaching a current price of $0.051. This rally, marked by occasional pullbacks, indicates ongoing accumulation by buyers during market dips, a critical component for a sustained uptrend. Recently, the coin experienced a 7.8% increase, surpassing the previous swing high resistance of $0.051. This breakout suggests that buyers are gearing up for an extended recovery. If the coin price sustains above this level, the CSPR price might increase by another 23.7%, aiming for the pattern’s neckline resistance at $0.1063. A successful breakout above this resistance could signal the start of a new bull run, potentially pushing the CSPR price toward the $0.1 psychological mark. During pullbacks, the $20 and $50 EMAs may offer reliable support.Key Resistance Breakout Sets Lido DAO(LDO) Price For 35% SurgeLido DAO(LDO) Price| TradingView ChartDespite the prevailing uncertainties in the cryptocurrency market, the Lido DAO (LDO) price has demonstrated resilience, sustaining above the $2.00 threshold and signaling a robust recovery. Within just two weeks, the LDO price witnessed a substantial bounce from this support level, soaring by 46% to reach $2.885. This upward trend was further solidified on October 29, when the coin decisively broke out from a bullish reversal pattern known as the inverted head and shoulders, a strong indicator of potential recovery.Building on the momentum generated by this pattern, the LDO price is poised for further gains. It’s projected to climb an additional 35%, potentially surpassing the previous resistance at $3.3 and aiming for a target of $3.87. This bullish trajectory is also supported by the Bollinger Bands indicator, where an uptick in the upper boundary signals that buyers are currently exerting significant influence over the asset’s movement.#2023withBinance #BinanceTournament #PriceProjections #Osmy_CryptoZ

Polygon (MATIC) shows bullish trends, with a recent surge above $1; analysts predict further growth in January.Polygon is witnessing a notable bullish trend as its native token, MATIC, shows promising growth at the onset of 2024. Following an impressive end to the previous year, MATIC’s performance continues to capture the attention of investors and analysts alike, hinting at a potential for further price increases.The year began with MATIC recording a 2.04% increase on New Year’s Eve, positioning itself in bullish sentiment. This rise is part of a broader trend that saw the cryptocurrency gain nearly 17% in the past week alone. At the time of reporting, the Polygon token is trading at $1.02 with a 24-hour robust surge of 5.38 percent higher. Analysts’ Optimism for PolygonIn a recent Twitter update, a crypto analysis realm, “Altcoin Sherpa,” expressed a bullish prediction on MATIC’s future price. Altcoin Sherpa anticipates MATIC to potentially reach a price target of $1.20 in the medium term. This prediction echoes a broader sentiment in the crypto community, seeing MATIC possibly hit the $2 milestone this year.MATIC has noticeably lagged but I think it should go to $1.20 in the short/mid term here. Still looks pretty strong and should be a decent one to trade now. Uncertain if this outperforms other narratives/ L1 type of coins in 2024 though. Treat this more as a trade vs.…Ali Martinez, another crypto analyst shared his insights on Twitter the same day, presenting a slightly optimistic short-term view. According to Ali Martinez, MATIC is poised to climb to $1.25 in the near future. MATIC price has been trending upwards after rising to a daily high of $1.03. With low volatility, Polygon’s price has been trading in a narrow range of $0.9757 to $1.05.His long-term forecast is more optimistic, with a target of $1.82. Martinez’s predictions are grounded in technical analysis, specifically breaking a symmetrical triangle pattern on the MATIC chart, which has been forming for several months. MATIC, the native asset of the Polygon PoS chain, ended 2023 with only a 28% price gain, compared to other cryptocurrencies that doubled their prices.Momentum Building in MATIC’s MarketIn the recent 4-hour chart, MATIC’s buyers have shown a consolidated effort around $0.9886. This has led to a significant momentum buildup, breaching the crucial $1.00 mark and achieving an intraday high of $1.03. Despite this surge, the price returned to the supply zone at $1.00, where MATIC/USD formed several double bottoms. The trading pattern has remained tight, fluctuating between $0.9757 and $1.03. These minimal changes suggest the market is on the cusp of establishing a more defined uptrend.The last 24 hours have been pivotal for MATIC, with bulls gaining additional momentum to overcome the minor resistance at $1.03. The price hovers above all moving averages, including a noteworthy rise above the EMA 10 ($0.9671) and SMA 10 ($0.9744) at the start of today’s trading session. The MACD shows a positive outlook at 12, 26, while the RSI at 31 and Stochastic%K at 75.77 maintain a neutral to bullish stance.Polygon Price Prediction The bulls in the MATIC market are setting their sights on surpassing the $1.50 threshold. The Ichimoku baseline analysis (9,26,52,26) presents a market leaning from neutral to bullish. However, if the momentum wanes, MATIC could see a retraction to its main support at the SMA 100 level of $0.88.MATIC/USD daily chart, Source | TradingViewFailing to hold this line might trigger a bearish target of $0.75, potentially leading to a downturn below $0.70. Conversely, the immediate resistance is identified at the Hull Moving Average 9 ($1.099). This sets the stage for MATIC to possibly revisit its intraday high, as technical indicators hint at a continued bullish trend.#priceprediction #BinanceTournament #Osmy_CryptoZ #2024withBinance #MATICAnalysis

The financial sector is abuzz with speculation over the fee BlackRock might set for its potential Bitcoin spot ETF, amid competition.As the decision date for the Bitcoin spot ETF nears, the crypto and broader financial community is speculating about the potential fee BlackRock might charge. Following a post on X from Bloomberg’s senior analyst Eric Balchunas, the investor community is digging for “the biggest unknowns.”Balchunas has guessed a fee of 0.47%, inviting others to share their predictions.Bitcoin ETFs intend to make revenueBarry Ritholtz, CIO of Ritholtz Wealth Management, suggested that a fee of 0.35% would be competitive for BlackRock. He considered Vanguard’s absence in this fee range. That said, he noted that if BlackRock were to set a fee as low as 0.25%, it would dominate the space. Balchunas responded that BlackRock could potentially charge between 0.40% and 0.60% due to their intent to generate significant revenue.On a lighter note, a user named Maximilian humorously speculated a fee of 0.42069%, to which Balchunas replied that BlackRock typically doesn’t engage in humor with their fee structures.The broader context includes competition from other firms. Fidelity’s S-1 filing revealed a competitive fee structure at 0.39%, previously the lowest until Invesco Galaxy’s entry. Invesco Galaxy has taken an aggressive approach by waiving fees for the first six months and for the first $5 billion in assets.BlackRock: Threat to democracy?The Financial Times highlights that BlackRock’s dominance in the US exchange-traded fund market is diminishing.Citing data from Morningstar Direct, the paper recently noted that Vanguard and smaller players in the space are tough competition for BlackRock.As of November, BlackRock’s iShares reportedly managed about 32% of the US ETF market, down from 33.7% in late 2022 and a significant drop from 39% at the end of 2018.While BlackRock’s iShares aims to cater to a broad market, Vanguard focuses on stocks and bonds, leveraging its reputation for low-cost, broad-based strategies, as noted by Bryan Armour, Morningstar’s director of passive research. This strategic difference could be a key factor in the evolving ETF market, which could see Bitcoin become one of its players.Meanwhile, Democratic Party member Bernie Sanders highlighted the immense influence of BlackRock and a few other powerful firms as a potential risk to democracy. In a post on X, the US politician emphasized that BlackRock, along with Vanguard and State Street, manage a staggering $20.7 trillion in assets. Additionally, he noted their substantial shareholdings, being major investors in 95% of the companies that make up the S&P 500 index.#ETFApproval2024 #BTCETF #BinanceTournament #Osmy_CryptoZ

XRP Price Prediction: The morning star at the base trendline teases a bounce back in XRP price putting a breakout possibility on the cards.XRP Price Prediction: The XRP price maintains an indecisive trend in a volatile market, keeping a symmetrical triangle intact in the daily chart. However, the morning star pattern leads to a bullish comeback possibility that may potentially lead to a breakout trend. The unleashed trend momentum may provide buyers an entry opportunity to ride a long bullish wave.Will Morning Star Ignite The Breakout?A bullish reversal lower trendline hints at a quick 6% jump. The flattish 20-and-50-day EMA accentuates a sideways action in the short term.The intraday trading volume in the XRP is $609 Million, indicating a 29% loss.XRP Price Prediction| TradingView ChartThe current technical chart for XRP price illustrates a symmetrical triangle pattern taking shape amidst significant market volatility. Traders seem to have taken note of this pattern, consistently responding to its cues with repeated reversals and bounces within the confines of the triangle. Currently, XRP is priced at $0.6264 and is witnessing a modest recovery from the support trendline, signaled by a morning star candle pattern. This movement might lead to a slight rally towards the triangle’s upper resistance trendline. The XRP price is anticipated to see an upward swing from the lower trendline, potentially climbing by 6% and aiming for a bullish breakout from the pattern. However, as long as the triangle formation remains intact, expect XRP to undergo limited fluctuations as it nears the apex of the pattern.This Breakout Might ignite A Jump To $28. As the current market outlook due to the triangle pattern for XRP is neutral, the morning star teases a potential bounce back which could accelerate the buying pressure. Thus, the post-breakout rally could drive the price 28% up to $0.81On the downside, a fall below the support trendline will plunge the XRP price down to $0.53Relative Strength Index: The daily RSI maintains a lateral trend at 50%, indicating a neutral sentiment among investors.Exponential Moving Average: The XRP price above 100-and-200 EMAs reflects the long-term trend as bullish#priceprediction #BinanceTournament #Osmy_CryptoZ

Any currency among the three ADA, XRP, POLYGONWho will you reach $10 first in the next bull cycle?Predicting which cryptocurrency will reach $10 first in the next bull cycle is a complex task and any answer should be treated with caution, as the cryptocurrency market is highly volatile and prone to unexpected changes. However, I can offer some insights based on current trends and historical data to help you make your own informed decision:Cardano (ADA):Pros: Strong development team, active community, focus on scalability and security, growing adoption in DeFi and NFTs.Cons: Relatively slow transaction speed compared to some competitors, price has been stagnant for a while.Ripple (XRP):Pros: Fast and cheap transactions, large existing user base, potential for increased adoption due to its focus on cross-border payments.Cons: Regulatory uncertainty surrounding XRP could hinder its growth, lawsuit with the SEC ongoing.Polygon (MATIC):Pros: Scalable and fast sidechain solution for Ethereum, low transaction fees, growing ecosystem of DeFi and NFT projects.Coins: Reliant on the security of the Ethereum mainnet, competition from other Layer 2 scaling solutions.Based on these factors, it's difficult to definitively say which cryptocurrency will reach $10 first.However, Polygon (MATIC) and Cardano (ADA) might have a slight edge over XRP due to their strong ecosystems and active development. However, remember that this is just a hypothesis, and the market can be unpredictable.Here are some additional factors to consider when making your own predictions:Overall market sentiment: A strong bull cycle across the entire cryptocurrency market will benefit all three of these coins.Technological advancements: Any major technological breakthroughs could give one coin a significant advantage over the others.Regulatory changes: Regulatory changes could have a major impact on the price of any cryptocurrency.#BinanceWish #BinanceTournament #Osmy_CryptoZ