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Binance Coin (BNB) Price Prediction for May 15. BNB/USD. The price of Binance Coin (BNB) has fallen by 0.38% over the past day. On the hourly chart, the rate of SOL has broken the local resistance level of $571.1. If the daily bar closes above it, the growth may continue to the $590-$600 zone soon. On the bigger time frame, the price has made a false breakout of yesterday's low. However, the rate of SOL does not have enough strength for a continued bull run. In this case, sideways trading in the range of $570-$590 is the more likely scenario. From the midterm point of view, the situation is quite similar. As none of the sides has seized the initiative yet, traders may expect ongoing consolidation in the zone of $550-$600 by the end of the month. BNB is trading at $581.9 at press time.

Binance Coin (BNB) Price Prediction for May 15.

BNB/USD.

The price of Binance Coin (BNB) has fallen by 0.38% over the past day.

On the hourly chart, the rate of SOL has broken the local resistance level of $571.1. If the daily bar closes above it, the growth may continue to the $590-$600 zone soon.

On the bigger time frame, the price has made a false breakout of yesterday's low. However, the rate of SOL does not have enough strength for a continued bull run.

In this case, sideways trading in the range of $570-$590 is the more likely scenario.

From the midterm point of view, the situation is quite similar. As none of the sides has seized the initiative yet, traders may expect ongoing consolidation in the zone of $550-$600 by the end of the month.

BNB is trading at $581.9 at press time.

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Ancient Ethereum Whale Shifts $32 Million ETH to Major US Exchange: What's Happening? It has come to our attention that an unidentified Ethereum ICO participant has transferred 8,518 ETH, equivalent to a value of $32.51 million, to the address of a major exchange located in the U.S., Kraken. The transfer was made in two tranches. What is known about this whale? Their address, prime prime 0 *771 prime ^ prime prime continues to hold 14,644 ETH, which is equivalent to $55.91 million. During the ICO, this unknown large holder received 100,000 ETH when the price of the main altcoin was $0.311 - to address "0xc348." Over the course of a year after the ICO in July 2015, he sold them. He then abruptly stopped and resumed activity again only three months ago, transferring 29,519 ETH to the address we know today. Since then, the unknown Ethereum address has transferred tokens to Kraken twice, one of which happened today. It is likely that this investor decided to lock in a profit on his tokens. Since the ICO, the price of the main altcoin has risen by 1,228,387%. This investor has accordingly earned a profit of $349.7 million on his 100,000 ETH, if he had not been selling them all along. Historically, such actions from whales have been viewed as bearish signals, often leading to increased market volatility. However, today the Ethereum price is up 0.8%, with the price only 7% away from its all-time high. It will be interesting to see how events unfold and whether this case will lead to more whales returning to the market.
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Solana's GameStop (GME) Meme Coin Skyrockets 300%, Here's Why. The price of GameStop's GME meme coin on the Solana blockchain has seen an astonishing increase of over 300% in the last 24 hours. While the exact reason for the rise remains speculative, the huge gain coincides with a recent post made by a key figure in the world of meme stocks and cryptocurrencies: Keith Gill, better known as "Roaring Kitty." Gill, most known for his role in the 2021 GameStop short squeeze, has once again become the catalyst for a significant price movement for GME tokens. His recent post on social media seems to have sparked a buying frenzy for GME. In Monday's early trading, GME surged from lows of $0.0038 to intraday highs of $0.015, increasing its price by nearly fivefold. GME coin on Solana is a meme token paying tribute to the 2021 short squeeze of GameStop. At the time of writing, GME is trading at around $0.0127, up 225% in the last 24 hours. Trading volumes have also surged significantly within the said time frame, rising 1,292% to over $271.8 million, signaling a rise in market activity. The surge in trading volumes comes as traders seek to capture gains amid the massive price jump. On-chain analytics firm Lookonchain reports one such move by a "smart trader," who often buys GME at low prices and sells at highs. After the massive surge in the GME price, the smart trader sold 3.5 million GME at $0.01226 for 260 SOL, or $43,000. The trader still holds 108 million GME worth $1.5 million with a total profit of about $1.37 million, obviously waiting for the next big price move for GME. On May 13, Gill began posting again roughly three years after the events surrounding the GameStop case and the shutdown of the WallStreetBets subreddit. The impact of his return was immediate and profound, with the value of GME meme coin on Solana soaring subsequently. Notably, GME has rallied 2,118% in the last 30 days and is up 240% in the last seven days, per CoinGecko data.
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Cardano Founder on Scaling: 'Things Could Move Very Fast'. In a recent tweet, Cardano founder Charles Hoskinson addressed concerns over scaling within the ADA community. Hoskinson highlighted that the Cardano treasury has sufficient funds to pursue an aggressive Leios, Hydra and Zero- Knowledge (ZK) scaling program if the community decides to pursue this direction. "For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to go in this direction," Hoskinson stated. Advocating for a parallel approach, Hoskinson pointed out that Cardano has the infrastructure and talent required to undertake multiple scaling initiatives simultaneously. This approach would enable the blockchain to address immediate scaling needs while planning for future demands. Reflecting on the significant advancements made over the past two years, Hoskinson expressed optimism about the potential for rapid progress in scaling Cardano. The significant upgrades and innovations introduced in the last 24 months have laid a strong foundation for further development on the Cardano blockchain. "I also believe things could move very fast, given all the enhancements we've seen over the last 24 months," Hoskinson remarked. This optimism is grounded in the continuous improvements to Cardano's infrastructure, which have enhanced the platform's scalability, security and functionality. These include the Vasil Upgrade in September 2022, which brought increased functionality, performance and scalability by enhancing Cardano's smart contract capabilities through Plutus v2. The Valentine upgrade in February 2023 included support for SECP256k1, which Bitcoin, Ethereum and Binance Coin use for public key cryptography. Cardano's founder's statement no doubt attracted reactions from the ADA community. Rick McCracken DIGI, a Cardano SPO, commented: "I would like to see rapid scaling. At the same time I would no want to see rapid depletion of the treasury since there is enough Ada in there to tank the price.
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Can You Take Your Bitcoin With You After Death? Tech Enthusiast Explores The Convergence Between Crypto And Cryonics. "Do not stand at my grave and weep, for I have my Bitcoin." This adage with a cryptocurrency twist may sound eccentric, but not too far from reality. Bitcoin holders are delving into the realm of cryonics, a field that offers potential life extension through freezing, to preserve the prized digital asset even after their death. What Happened: A blog post by software engineer and Bitcoin advocate, Jameson Lopp revealed that Bitcoin enthusiasts are contemplating the impact of cryonic preservation on their digital wealth. Cryonics, the practice of freezing a person's body with the hope of future revival, poses a unique challenge for Bitcoin holders- securing their digital assets during a state of suspended animation. Lopp discussed the complexities of maintaining a Bitcoin portfolio over potentially thousands of years. He questioned the sufficiency of traditional Bitcoin securing methods, such as brain wallets or time-locked funds, due to potential external interference or technological advancements. Lopp considers the possibility of a multi- generational trust or an autonomous agent programmed to manage the Bitcoin holder's assets. However, these solutions also have their own challenges, such as the longevity of legal contracts and the reliability of artificial intelligence. Despite the uncertainties, he concluded that a diversified approach, spreading assets among various legal and technical storage options, may be the best strategy for Bitcoin holders considering cryonic preservation. Why It Matters: Interest in cryonics has been on the rise, with a growing trend of pet owners and billionaires investing in cryonics. It was observed that not just the super-rich but everyday people were increasingly seeking out cryonics. The exploration of cryonics by Bitcoin holders is a significant development, as it combines two cutting-edge fields: cryptocurrency and life extension.
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Bitcoin Breaks $69K, 'Could Send To $74,400' If It Closes Above One This Resistance Level, Writes Analyst. Bitcoin has broken the $69,000 mark in Monday morning trading, prompting traders to predict further upward momentum for the crypto king. What Happened: On Monday, prominent cryptocurrency analyst Ali Martinez shared his views on Bitcoin's potential breakout, noting the apex crypto appears to be breaking out from a symmetrical triangle pattern. Martinez emphasized the importance of Bitcoin closing above the $69,330 resistance level to potentially reach $74,400. Another notable analyst, Michael van de Poppe, highlighted that Bitcoin needs to break the $70,000 mark for "serious upward momentum." He also noticed altcoins breaking out in a stronger manner than Bitcoin. Into TheBlock pointed out that Bitcoin remains steady around $69,000, supported by a significant demand zone between $66,900 and $68,900. Over two million addresses in this range have accumulated 1.1 million BTC, indicating substantial interest and activity among traders. It also noted a 36.3% increase in large transaction volume, with 97% of Bitcoin holders in profit at current prices. Price Action: In the past 24 hours, BTC is trading 2.5% higher at $69,134, taking its monthly gains to 16.5%. Why It Matters: Martinez's analysis comes at a crucial time for Bitcoin investors. The potential breakout above the $69,330 resistance level could signal a significant price increase, attracting more traders and investors to the cryptocurrency market. The strong performance of altcoins, as noted by van de Poppe, could shift investor focus from Bitcoin to other cryptocurrencies, diversifying investment portfolios and potentially driving up the prices of altcoins. Understanding the demand zone between $66,900 and $68,900 is essential for traders, as it represents a critical level of interest and activity. This information can help investors make informed decisions regarding their Bitcoin investments.
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