🎇Most Favorite Projects in #BNBChain in September, voted by | koinmilyoner on Binance Square

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🎇Most Favorite Projects in #BNBChain in September, voted by communities rewards go to🎇
🥇Champion: #QUACK @RichQuack
🥈2nd: #SQR @MagicSquareio
🥉3rd: #BNX @binary_x
👏Kudos to all projects, and the communities for a successful competition
🔥See you again in October

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Would Floki Price Beat Shiba Inu? Price Prediction After 10% Rally In the last 24 hours, Floki has risen 12% while meme coins have gained 0.75%. Even with this overnight increase, Floki's price has only climbed 1.5% since last Friday. This minor rise contrasts with Bitcoin (BTC) and Ethereum (ETH) losses and retracements. This result shows Floki's durability, especially after its 40.81% drop last month. The yearly increase is still remarkable at 596.28%. The meme coin's trading volume rose 15.35% to $192.38M in 24 hours, showing increased trader activity. The FLOKI price approaches key support. Will it surpass Shiba Inu? FLOKI is poised for additional higher after its morning surge pullback. Technical analysis of FLOKI price chart. Source: Binance. Most importantly, FLOKI is nearing an orange support level at $0.00016823. If it bounces from this support, it might gain more as it demonstrates strength. Its relative strength index (RSI) (purple) is 40, down from 70 in 8 hours. This change indicates a correction as selling pressure rises. There is no substantial buying or selling pressure at such RSI levels. FLOKI is neutral, leaning bearish. However, its resiliency positions it for continued growth. In fact, larger patterns may suggest this. Most importantly, the 30-day moving average (yellow) has risen above the 200-day (blue) in an uptrend. This indicates that short-term momentum is outpacing long-term trend. Can this challenge Shiba Inu's dominance? Technical indications predict short-term price gains, but fundamentals will likely drive long-term development. Most importantly, FLOKI is the most notable meme currency of the future generation, using more than just memes and a dedicated community—they have genuine usefulness. Traders are ravenous as hype-based currencies approach multi-billion dollar market values and their best gains are behind them. #SHIB #FLOKI $SHIB $FLOKI @Shiba Inu

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🔥🔥🔥BREAKING: 21Shares Races To Launch Solana ETF An S-1 registration form for a Spot Solana ETF was submitted with the US Securities and Exchange Commission (SEC) on Friday by investment company 21Shares, marking a significant milestone for the cryptocurrency market. In a sign of increasing interest in Solana as a possible rival to the soon-to-be-launched Ethereum ETF market, which is planned to start trading in July, the 21Shares application followed a similar submission by Bitcoin ETF issuer and asset management VanEck on Thursday. 21Shares Debuts Core Solana Exchange-Traded Fund According to the document, the 21Shares Core Solana ETF will be able to provide beneficial interest common shares that may be traded on the Cboe BZX Exchange. An easy and inexpensive way to get exposure to SOL without actually investing in the asset is via this investment vehicle, whose goal is to follow SOL's performance. An exchange-traded fund (ETF) will hold shares of SOL and value them daily based on the index. Sponsored by 21Shares, the Trust will be administered by CSC Delaware Trust Company. The Trust's SOL will be held by Coinbase Custody Trust Company, which will act as custodian. After the first ETF announcement, the price of SOL consolidates. These registrations show that there is a growing desire for financial products that expose Solana's digital assets, even if the SEC has to examine and approve an ETF before it can happen. #Solana #SOL $SOL #etf

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Recent study suggests TON and Telegram story may be overrated Blockworks Research experts believe Toncoin, Telegram story is overstated. The social media messaging service lacks EVM compatibility and has few daily users. Santiment data shows TON investors have regularly profited. Friday's TON price is $7.605, down 2.5%. As TON price rose about 20% on OKX in June, market players have paid attention to the Telegram story. New Blockworks Research study reveals TON and the Telegram story may be overpriced. Telegram narrative and TON: overestimated? Traders like the TON and Telegram story, according to Blockworks Research. The article says market players are counting on TON to be the next Solana (SOL) or Ethereum (ETH) this cycle. The market may have overstated Telegram's distribution, TON's incompatibility with the Ethereum Virtual Machine (EVM), and the programming language. The messaging app has a worldwide reach and many Monthly Active Users (MAUs), but its Daily Active Users (DAUs) are low compared to other platforms. This suggests limited penetration and a less monetizable userbase than expected. EVMs are incompatible with the TON environment, and its native programming language has a smaller community than Solidity and Rust. These factors lead Blockworks Research analysts to believe the platform's demand, use, and market share are exaggerated. The Telegram story undoubtedly drove June TON price increases of about 20%. Analysts compare WeChat to Telegram, noting that WeChat is exclusively in China while IT giants dominate the US market. Thus, Telegram may encounter problems in expanding its US user base and market share. $TON traders profited all week. Nearly every week since June 22, TON investors have gained. Positive spikes in Santiment's Network Realized Profit/Loss indicate traders' profit-taking. TON gained 20% in June despite asset increases. TON is about 9% off its June 15 monthly high of $8.288. #TON #Telegram

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President Ripple finally speaks out about the RLUSD stablecoin and how it will affect XRP The president of Ripple, Monica Long, recently addressed the impending stablecoin Real USD and its implications for XRP. In response to questions about the RLUSD debut, Long said that stablecoin and XRP are useful in tandem. On Friday, XRP maintains a price over $0.47, edging higher. On a recent episode of The Block Podcasts, Monica Long, president of Ripple (XRP), answered questions from XRP traders on the debut of the stablecoin. Real USD (RLUSD) is the stablecoin that the payment remittance corporation is planning to introduce in 2024. The stablecoin's function in the ecosystem, Long's thoughts on the Real World Asset (RWA) story, and the institutional shift toward cryptocurrency were all topics she covered. Monica Long, president of Ripple, discussed the future of the company's stablecoin Real USD and its connection to XRP. Long said that the stablecoin "complements" Ripple and is "additive" when questioned about the effects of RLUSD on XRP. Hence, instead of limiting the usefulness of XRP, Ripple's stablecoin is built to improve the story of cross-border financial remittances and smooth transfers. Although Ripple's payment solutions will still revolve on XRP, the introduction of RLUSD will serve to supplement the altcoin's functionality, as Long noted. Since March 11, Ripple's value has been steadily decreasing. The alternative cryptocurrency is having trouble breaking over the $0.50 resistance level and may fall another 5% to the $0.4508 support level, which is the same as the low from June 7. The closest Fair Value Gap, which may be anywhere from $0.4825 to $0.4841, might be reached by XRP if Ripple starts to rebound. Ripple encounters resistance around $0.4955, the 23.6% Fibonacci retracement of the decline from the $0.7440 high on March 11 to the $0.4188 low on April 13, as it continues to climb towards the psychological barrier at $0.50. #Ripple #xrp $XRP

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Bitcoin Weekly Forecast: Seasonal evidence suggests BTC price correction ends in July Weekly US spot Bitcoin ETF outflows were minor. On-chain data indicates miners selling more, indicating negative momentum. US and German governments sent 4,690.28 BTC worth $287.57 million to exchanges. Seasonal data suggests BTC growth in July. Bitcoin (BTC) price may fall this week due to minor outflows in US spot ETFs, BTC miners selling, and the US and German governments transferring 4,690.28 BTC to controlled exchanges. Technical indications suggest BTC may correct 5% before rising again. Bitcoin miner selling pressure rises CryptoQuant's Bitcoin Miner to Exchange Flow statistics shows that miners transferred 8,592.14 BTC to exchanges this week, 29% higher than previous week. Transferring cash to exchanges might cover immediate costs or allow BTC miners to profit by selling at an overpriced price. Both examples are linked to sale behavior, which suggests a Bitcoin price decline, which is negative. Big government BTC transfers cause FUD Arkham Intelligence reports that the US Government sent 3,940.28 BTC, worth $241.22 million, to Coinbase Prime Deposit on Wednesday. A January 2024 trial forfeited this Bitcoin from drugs trafficker Banmeet Singh. Additionally, Lookonchain data reveals that the German government transferred 750 BTC worth $46.35 million this week. A lesser payment of 0.001 BTC to Flow Traders may be a test transaction or a prelude to a BTC sale. The German government deposited 2,100 BTC, or $135.22 million, to Coinbase, Bitstamp, and Kraken last week. The German government owns 45,609 BTC worth $2.81 billion. Coinglass illustrates July BTC price bounces in monthly returns (%). BTC usually climbs double-digits in July after a bad June. Over the previous five years, post-June drawdowns have led to BTC rallies of over 9.6%, sometimes 24%. Bitcoin finds resistance at the bottom falling wedge band. Bitcoin price fell 7.5% on Monday to retest its weekly support at $58,375 before rebounding 5.8% on Tuesday. #BTC $BTC

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