Post By: CryptosHeadlines.com

Binance’s decision to list Memecoin (MEME) for trading with zero maker fees on specific pairs demonstrates a substantial commitment to the Memecoin market. Despite recent declines in price and market capitalization over the past week, technical analysis indicates that MEME may be on the verge of a noteworthy price shift.

Binance, a dominant player in the cryptocurrency exchange space, has taken a strategic step to bolster the Memecoin ecosystem by introducing additional trading pairs for MEME. This move aligns with the coin’s earlier achievements on Binance’s Launchpool, demonstrating the platform’s dedication to broadening staking possibilities within the cryptocurrency realm.
Binance Advocates for Memecoin Accessibility
Starting from November 3, the MEME token, along with its associated trading pairs such as MEME/BNB and MEME/USDT, has been given the green light for spot trading. The integration of TradingBots for the MEME/USDT pair is scheduled to roll out shortly, promising an enhanced and more dynamic trading experience.
A notable advantage for traders is the introduction of zero maker fees on selected MEME trading pairs, a bold move aimed at incentivizing participation and investment in this emerging memecoin market. Simultaneously, the Binance Futures platform is gearing up to introduce the MEME Perpetual Contract, offering traders leverage options of up to fiftyfold to maximize their potential.
The addition of MEME to the Binance platform elicited a mixed market response. Despite securing an impressive $10 million in commitments during Memeland’s token sale, the subsequent price trajectory has been less favorable, with a 20.05% decline over the past week.
Amidst the fluctuations in the market, the memecoin’s market capitalization also saw an 11.58% decrease, although trading volumes experienced a 30% surge. Currently, MEME’s valuation stands at $0.0249, with recent activities contributing to increased volatility.
Market Reaction and Prospects for a Reversal
As the market digests these recent developments, the price action of MEME indicates a phase of consolidation. The presence of a symmetrical triangle formation on the hourly chart suggests an imminent and decisive move in the market. A favorable breakout from this pattern could trigger a rally, potentially driving MEME to a 28% increase. Conversely, a breach to the downside may serve as a warning for cautious investor sentiment.
In summary, while Binance’s efforts to strengthen the trading infrastructure for Memecoin introduce fresh prospects, the market’s reaction is a mixture of anticipation and skepticism, reflecting the enduring duality of risk and reward within the cryptocurrency landscape.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin #CryptoNews #Binance #Memecoin #BinanceBlockchainWeek.

Gmmm Feed Fam!
Presenting to the 75th Episode of the #ICP Pulse, your daily dose of all things on $ICP 😎
Without further Ado, LFG ICPeople🚀
1️⃣ $ICP Price action

Currently, we are bouncing towards the upside.
MACD is overbought, so watch out for a retracement.
Hopefully, we shall move towards the upside✌️
2️⃣On-chain analysis
🟪#ckBTC Stats--> 80.9 BTC
🟪Internet Identities Stats

We are rapidly approaching 2.283M IIs which is quite impressive.
To be precise, we've onboarded about 366 Entities to the ecosystem.
🟪Neurons Stats

GM Baby Neurons.
According to the chart, we've secured about 260 Neurons today to secure threshold relays.
3️⃣NFT Stats
1️⃣BTC Flower --> 125 ICP
2️⃣Poked Bots --> 18 ICP
3️⃣icircle_nft Pythagoras --> 5.09 ICP
4️⃣ETH Flower --> 🔻34.9 ICP
5️⃣Motoko Ghosts -->🔻 41.9 ICP
6️⃣ICKitties --> 0.9 ICP
7️⃣Cubetopia Founders Pass --> 134.5 ICP
8️⃣Cubetopia Islands --> 🔺44 ICP
9️⃣Cubetopia Pets --> 🔺5 ICP
🔟ICP flower --> 🔻36.9 ICP

4️⃣Gainers and Losers
Source: ICPcoins
🟣Gainers
➡️ICX--> 0.0389 USD @ 1.2M USD MarketCap (🔺48.1%)
➡️BoomDAO--> 0.0114 USD @ 8.3M USD MarketCap (🔺18.6%)
➡️Catalyze--> 0.0298 USD @ 7.4M USD MarketCap (🔺11.2%)
➡️Dragginz-->2360 USD @ 11.6M USD MarketCap (🔺9.0%)

The rest of the ecosystem is up as well🥳

5️⃣ Other Info
🟪 14 Voting Proposals in the NNS.
🟪 1 Voting Proposal in ICGhost SNS.
🟪TVL on NNS: 1.1 Biilion USD(🔺10%)
We are so back for the 6th consecutive day🫡

🟪DFINITY announced,
➡️Herbertyang of the foundation will attend a panel discussion on Security and Privacy during Sustainable2023 in Singapore on the 14th, Level 3 Marina Bay Sands.
➡️They are partnering with btcstartuplab to support BTC and AI apps BUIDLing on the IC, deadline is set to the 30th of this month.
➡️Foundation Members will attend the following upcoming conferences.
1️⃣Newcomics, Lisbon
2️⃣Sawadee Web3 Bangkok
3️⃣1.5 C Summit and ICP Hub Launch Party in Hong Kong
4️⃣EFDevConnect
5️⃣ETHGlobal

So, Here I wrap up for the day😇
Hats off for staying this far🫡
Now, share this with your #BinanceBlockchainWeek. Fam and everyone else who might need some ICP alpha😉
I'll see ya next week🫡