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Binance introduces ‘crypto loan’ feature: Will this help BNB hit $600? Binance [BNB], one of the popular cryptocurrency exchange platforms, has unveiled plans to expand its loanable assets offered through Binance Loans (Flexible Rate) and VIP Loan services.This initiative is designed to cater to the diverse borrowing requirements of users, enhancing their flexibility within the platform.What’s the purpose?By introducing new assets available for lending, Binance aims to maintain its position as a versatile provider in the evolving landscape of digital finance. Interestingly, this move by Binance comes amidst its ongoing legal battle with the SEC, and the recent CEO Changpeng Zhao’s sentencing signaling a refreshing step forward. Providing further insight into the plan, the team released a press release and noted, “Binance has added the following loanable assets on Binance Loans (Flexible Rate) and VIP Loan. Binance Loans (Flexible Rate)- Bittensor (TAO), LayerZero (ZRO), and Lista (LISTA) VIP Loan- Bittensor (TAO), COTI (COTI), LayerZero (ZRO), Lista (LISTA), Portal (PORTAL), Sleepless AI (AI), and Vanar (VANRY).” Providing further clarity on their new initiative, the team added, “To place new Binance Loans (Flexible Rate) orders via the Binance App, please upgrade the App to iOS v2.78.0 or Android v2.78.0, or later. Older app versions no longer support the placement of new Binance Loans (Flexible Rate) orders.” Effect on BNB? This development reversed the downward trend observed with BNB for quite some time. As of the latest update, BNB was trading at $530.70 with a 1.39% increase in the last 24 hours. However, it’s important to note that while the new plan spurred BNB’s price increase, the Relative Strength Index (RSI) remained at 44, signaling bearish sentiment below the neutral level at press time. Hence, for BNB to reach and surpass $600, it must breach the immediate resistance at $559, paving the way for a sustained bullish phase and the anticipated bull run. #writetoearn #bnb #write2earn #signal

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Bonk & Pepe Price Initiates a Massive Upswing; Will They Rise by Another 20% to Enter the Bullish Pattern? As Bitcoin sustains above $57,000, the market sentiments have turned bullish as the traders appear to be hopeful of the upcoming trend. The memecoins gained momentum with the BONK price leading the rally, followed by Pepe and other tokens. Now that the prices are surging, it would be interesting to know whether the bulls lift the levels back within the bullish range. To do so, prices of BONK & PEPE are required to rise by a minimum of 15% to 18% which appears to be a tedious job. Bonk Price Breaks the Wedge!In an interesting move, the BONK price is set to lay down a fresh ascending trend as the token has broken the pattern after reaching the apex. Ever since its rejection in the first few days of June, the price maintained a steep descending trend within a falling wedge. The pattern usually suggests a breakout after reaching the apex and hence, the price is primed to trigger a 20% upswing in the next few days. The BONK price has risen above the falling wedge and as the RSI is maintaining a decent ascending trend, the token is expected to remain elevated. Besides, the DMI or the direct movement index which helps to determine the upcoming trend of the crypto is about to undergo a bullish crossover. However, the ADX which determines the strength of the rally is plunging which may compel the price to remain consolidated within a range. However, another significant influx of buying volume may flip the ADX which could initiate a fine rise beyond the local resistance close to $0.00003 in the next few days. Pepe Price Heading Back Above $0.00001 Meanwhile, following a bullish track, the PEPE price has firmly rebounded from the monthly lows after failing to hold the support at $0.00000925. This attracted a significant buying volume, which is now pushing the prices close to $ 0.00001. However, volume remains the main constraint, as the bulls appear exhausted. #writetoearn #write2earn #BONK🔥🔥 #PEPE_EXPERT

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Whales Are Rapidly Accumulating These Two Altcoins Analyst Altcoin Buzz took to his latest analysis and brought to attention major whale demand for two altcoins and speculated on a potential 130% surge for Cardano in the coming days. He said that Despite the crypto market’s recent decline, two altcoins are experiencing significant whale activity. Altcoins Seeing Whale ActivityLookonchain reported that a whale transferred 1.1 million Pendle tokens ($3.8 million) to Binance for sale, while retaining $3.5 million worth of Pendle. This whale’s activity suggests confidence in Pendle’s long-term value.Chainlink is another altcoin drawing whale interest. Crypto analyst Ali Martinez said that whales accumulated 6.2 million LINK tokens ($76.8 million) in the past week. Chainlink’s recent price dip appears to have prompted a “buy the dip” strategy among large holders. Santiment’s data indicates LINK’s 30-day MVRV is at -11.1%, suggesting the asset is undervalued and potentially poised for a price increase. Cardano To Surge 130x? Cardano, known for its scientific and methodical approach, is preparing for a pivotal update: the upcoming Vasil hard fork. This update marks the network’s entry into the Voltaire era. Could this lead to a 130% price surge? Historical trends suggest it’s possible. The ADA token experienced a similar surge before its last major update in 2021. Currently trading at $0.37, ADA has seen a 20% decline over the past month. However, market intelligence platform IntoTheBlock noted that ADA surged by 130% before its 2021 hard fork, jumping from $1.35 to $3.10. The Vasil hard fork, expected to enhance Cardano’s smart contract capabilities and decentralized infrastructure, could potentially drive a similar surge. Cardano founder Charles Hoskinson has called this upgrade the most significant in the network’s history. If history repeats itself, ADA’s price could rise from $0.37 to around $0.80 in the coming days. #writetoearn #link #ada #BinanceTournament #write2earn

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