$XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does

XRP Price Analysis: Potential for a Bull Rally in 2024

- XRP has been a concern for investors, seemingly stagnant since its last significant rally during the 2017-2018 bull market. Despite another massive #BullMarket since then, XRP hasn't followed the broader market trend. Expectations for the altcoin have significantly dropped, but one analyst believes XRP could soon enter the spotlight with impressive price targets.

Why XRP Could Be Preparing for a Bull Rally

- Crypto analyst CryptoManiac101 shared an optimistic view of XRP's future on TradingView. The analyst highlighted several indicators suggesting that XRP might be gearing up for a significant move. Key points include the convergence of three different moving averages in 2024, forming a symmetrical triangle pattern around the $0.51 level, indicating consolidation and potential accumulation, which bodes well for price increases.

- The analyst also reviewed XRP's performance over the past 11 years, noting significant price spikes in 2017 and 2018. This historical performance, when compared to current patterns, suggests a possible repeat in 2024 and 2025, as the cycles show consistency in movement.

Potential Price Targets

- The analyst suggests that historical patterns, which have been bullish for XRP, usually lead to a rally after 75% completion of the pattern. Currently, these patterns have reached 88.93% completion, indicating a breakout is overdue.

- In the event of a rally, the analyst predicts an increase of at least 800%, pushing the price above $4. This prediction is based on a potential breakout from the symmetrical triangle formed by the converging moving averages. The analyst expects the rally to start at around $4.5.

- This analysis implies that XRP could be on the verge of a significant price surge, driven by historical patterns and current market indicators.

Source - newsbtc.com

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💥💥💥 #BNB⁩ Price Holds Above $630 With Bullish Conviction; Should You Buy?

BNB has been gaining for the past two consecutive sessions, rising convincingly by over 5%. If buyers can maintain this momentum, it could pave the way for a new all-time high in the short term. This surge follows the news of Binance’s ex-CEO #ChangpengZhao (CZ) receiving a four-month jail term. A US federal judge sentenced CZ for failing to implement robust anti-money laundering policies.

As of now, BNB is trading at $629, up 0.58% for the day. Coinmarketcap reports a 24-hour trading volume of $2,422,606, coinciding with the price increase. Additionally, Open Interest (OI) has spiked by 24% in the past 24 hours, indicating growing investor interest in the coin.

On the 1-hour timeframe, BNB is trading near a bullish trend line that extends from the low of $594.94 on June 2. After reaching a high of $637.56, the price retreated slightly, giving sidelined buyers an opportunity to enter long positions. To sustain the upside momentum, bulls need to hold the session's low.

For further gains, the first resistance level is at the previous day’s high of $637.56, followed by $645. Conversely, if bearish momentum takes over, support could be found at the $627 level.

Technical Indicators:

Moving Average: Bullish Bias

- BNB is holding above the 21-hour SMA, currently at $627.17. The formation of multiple green candles at this support level indicates a demand zone.

RSI (14): Bullish Bias

- The Relative Strength Index (RSI) is at 53, suggesting a bullish bias in the short term.

In summary, BNB appears bullish on the short-term timeframe with upside targets in view. However, confirmation is needed before making aggressive trades.

Source - thecryptobasic.com

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🇺🇸 US Congressman Tom Emmer Challenges Emergency Bitcoin Mining Data Collection 🛑

📅 Date: February 23, 2024

🏛️ Representative Tom Emmer, R-Minn.:
- Challenges emergency data collection on bitcoin mining by the Energy Information Administration (EIA).
- Raises concerns about the threat posed by bitcoin miners to public safety.

🔍 Background:
- EIA approved for emergency data collection on the location and energy usage of bitcoin mining operations in the US.
- EIA estimates bitcoin mining consumes between 0.6% and 2.3% of US electricity consumption.

🤔 Emmer's Concerns:
- Questions OMB's choice of emergency authorization over normal clearance procedures.
- Seeks clarification on potential criminal charges for non-compliance with the survey.

📈 Ongoing Situation:
- EIA to collect data immediately, with preliminary results expected by mid-2024.

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Binance Launches World’s First Cryptocurrency Tri-Party Arrangement.

Collaboration totally changes manner in which Web2 banks can work together with cryptocurrency services.

A new development by Binance (BNB) enables institutional investors to keep trading collateral, off-exchange in the custody of a third-party banking partner.

Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is pleased to announce it has successfully executed the world’s first cryptocurrency tri-party arrangement with a third party banking partner. 

This arrangement addresses the dangerous issue of counterparty risk in a novel way, making crypto far more accessible for institutional clients. It mirrors a framework common in TradFi, which enables investors to proportion their crypto-asset allocation based on their risk tolerance. Collateral held with the banking partner can be in the form of fiat equivalent such as Treasury Bills, which have the added benefit of being a yielding asset.

The announcement was made days after the appointment of new CEO Richard Teng. Now he has to struggle with a new phase of legal pressure and pay an unparalelled $4.3 billion fine, as covered by U.Today.

Binance's (BNB) core native cryptocurrency, Binance Coin (BNB), is trading at $227.4, being 0.2% up in the last 24 hours, per CoinMarketCap data.
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Investors dumping and selling their assets in lieu of current fiasco between DOJ and Binance US. Interesting, for the long-term and financially literate people who are still holding their funds, because it is somehow going in the favor of Binance as whole. Binance will pull investors to stabilize their framework. Save this post and see it for yourself later.

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Binance Must 'Completely Exit' From US as It Settles Years-Long Criminal Investigation

The $4.3 billion settlement is one of the largest corporate penalties in U.S. history, says DOJ.

Binance will exit the U.S. market and pay $4.3 billion—one of the largest corporate penalties in U.S. history—to settle anti-money laundering and sanctions violations, the Department of Justice today said.

The exit and penalty are the result of a years-long criminal investigation into the company and its leadership. CEO Changpeng Zhao has also stepped down after pleading guilty to anti-money laundering violations and agreed to pay a separate $50 million fine.

The settlement also prohibits Zhao from any present or future involvement with the company for at least three years, according to the terms of the plea agreement.

The charges state that Binance focused on profits over legal compliance, serving U.S. customers without proper controls. This allowed funds tied to terrorism, hacking, and other crimes to flow through Binance undetected.

Binance also failed to stop over $898 million in illegal trades between U.S. users and those in sanctioned countries like Iran, according to the DOJ. As part of the plea deal, Binance forfeited over $2.5 billion and paid a $1.8 billion criminal fine. Zhao's individual plea relates to the lack of anti-money laundering controls at the exchange and violations of the Bank Secrecy Act—not unlike the charges to which BitMEX founder Arthur Hayes pleaded guilty early last year. Hayes paid a $10 million criminal fine and avoided prison, sentenced instead to two years probation.
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🌐 ALT, the revolutionary token, is set to debut on Binance on January 25! 📈 Stake BNB and FDUSD now in specific pools through Binance Launchpool to earn ALT tokens until January 24. 🔐 ALT enhances security, decentralization, and interoperability in rollup technology.

🌟 Key Tokenomics:
- Total Supply: 10 billion ALT tokens
- Farming Period: January 19-24, 2024
- Rewards: 5% (500 million ALT tokens)
- KYC required for staking
- Stake Limits: 277,777.77 ALT per hour (BNB pool) and 69,444.44 ALT per hour (FDUSD pool)

💰 Trade ALT for BTC, USDT, BNB, FDUSD, and TRY on Binance post-farming. Actively participate and potentially gain from the AltLayer project!

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The Easiest Way to Learn Trading with Binance

Why do you need the Binance trading simulator?

The trading simulator, also known as a demo account, on this cryptocurrency exchange, serves as a risk-free virtual account aimed at educating users and helping them develop their trading skills. It offers beginners a safe environment to navigate through the platform’s features, experiment with different strategies, and refine their trading abilities.

Binance provides access to this simulator specifically for futures trading through the Binance Testnet. The emphasis on derivatives rather than spot trading stems from the heightened risks associated with futures trading. Furthermore, navigating through the Futures section on Binance can be complex, increasing the likelihood of beginners making inadvertent errors while initiating positions.

Given the similarities between futures and spot orders, utilizing the trading simulator for Futures enables Binance users to also grasp the fundamentals of the interface used across various trading modalities. Therefore, it is recommended for novices to commence their journey in cryptocurrency trading and get acquainted with the exchange starting with a demo account.

Advantages and Disadvantages of Using a Trading Simulator

Pros:
1. Learning and Practicing
2. Strategy Evaluation
3. Familiarization with the Platform

Cons:
1. Absence of Emotional Impact
2. Limited Authenticity
3. No Financial Motivation
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In addition, Binance Square offers a diverse selection of content sourced from renowned crypto experts, enthusiasts, and trusted media outlets. It also allows users to personalize their content.

To celebrate the launch of Binance Square, Binance is offering an incentive to its users. Beginning from October 12, 2023, at 11:00 (UTC) to October 19, 2023, at 23:59 (UTC), all KYC-verified Binance's users have been invited to participate in various tasks to qualify for a share of a reward of 10,000 USDT. The reward per qualified participant is capped at 10 USDT in token vouchers.

The company said: "Through Binance Square, all users may freely create and share crypto-related content, discover the latest trending news, and connect with like-minded individuals. To mark this milestone, all users can complete specific tasks on Binance Square during the Activity Period, and qualify for a share of 10,000 USDT in token vouchers."
Binance's CEO, Changpeng Zhao, posted content on this new social media platform, which is based on the official Binance website. Binance Feed, once primarily an exchange, is anticipated to become a hub for crypto enthusiasts to engage in meaningful discussions and connect with like-minded individuals.

🔥🔥🔥 Crypto Analyst Credible Crypto Offers Mixed Outlook on #Dogecoin‬⁩ : Forecasts Short-Term Decline with Long-Term Rally Potential

Since October 2023, the #cryptocurrency market, largely driven by Bitcoin's rally, has experienced a robust bull run, boosting both established and new meme coins.

Despite optimistic forecasts for Dogecoin (DOGE) to surpass $1, well-known crypto analyst Credible Crypto offers a nuanced perspective, outlining a shorting strategy for DOGE due to its unclear uptrend and potential distribution top.

Credible Crypto anticipates DOGE to struggle in the critical zone between $0.19 and $0.20, planning to initiate a short position once it reaches this range, with expectations of a drop to major support levels, possibly as low as $0.05.

Despite short-term bearishness, Credible Crypto remains optimistic about #Memecoins🤑🤑 ' long-term prospects, predicting a 'meme coin megafinale' with Dogecoin rallying above $1 after market corrections.

The mixed performance of DOGE includes significant gains over the past year, with a 100.27% increase in the last 52 weeks and a 77.68% rise in 2024. However, recent resistance led to an 8.27% decrease over the past 30 days, while remaining slightly positive on the weekly chart with a 1.88% increase.

As of now, DOGE's price stands at $0.1587, dropping by 0.86% in the last 24 hours.

Source - cryptointelligence.co.uk

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Gamerarena $GAU is one of the crypto's I'm holding. But there are other token with bright future ahead DYOR.

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🚨 There is a MAJOR exploit going on in the crypto space right now, impacting a LOT of popular dApps/websites.

The SAFEST thing you can do is literally NOTHING.

Don't try and "save your assets", don't try and "revoke" anything. Doing things puts you at risk, if you do nothing, you will almost certainly be fine.

Spread the word, tell your group chats, save a friend.

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JUST IN: Binance agrees to pay $4.3 billion to settle case with US Government.

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