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Toncoin Listed on Binance, TON Price Jumps 10%
Binance has listed Toncoin (TON) with several trading pairs, causing its price to jump over 10%. Trading started on August 8, 2024, and the Seed tag indicates that there could be higher price swings. In response, TON’s 24-hour trading volume surged by 90% to $657 million.
#MarketDownturn #BinanceTurns7 $BTC
Binance has listed Toncoin (TON) with several trading pairs, causing its price to jump over 10%. Trading started on August 8, 2024, and the Seed tag indicates that there could be higher price swings. In response, TON’s 24-hour trading volume surged by 90% to $657 million.
#MarketDownturn #BinanceTurns7 $BTC
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Ripple's XRP Experiences 20% Drop, Analysts Predict Bullish Outlook
According to CryptoPotato, Ripple's #xrp experienced a 20% drop following a market downturn. Despite this, some analysts view this as a buying opportunity and predict a bullish outlook for the asset, with potential significant appreciation in its value expected soon. The cryptocurrency sector underwent a substantial correction on April 14, with its global market capitalization dropping to approximately $2.4 trillion. This adverse trend resulted in multi-million liquidations, primarily affecting long traders. Ripple's XRP was among the significant losers in the past week, plummeting by 20% to around $0.48.
However, some analysts remain unfazed, viewing this as a buy-the-dip opportunity. One such analyst is EGRAG CRYPTO, who stated that 'XRP dips for buying, not for crying.' Several hours before the market decline, the analyst argued that Ripple's native token 'finds itself in a unique position, caught between bullish sentiment and bearish pressure.' EGRAG CRYPTO believes the asset has been in a consolidation phase since August 2023, describing it as 'a healthy formation.' 'Stay steady, XRP is poised to ignite like a rocket,' the analyst concluded.
EGRAG CRYPTO suggested earlier this week that XRP's price trajectory has formed a so-called 'three camel humps.' In their view, breaking above the major resistance zone of $0.75 may lead to a 'bullish momentum' and an eventual rise to the range of $1-$1.30. Another analyst, Dark Defender, was optimistic, maintaining that XRP reached a 'bouncing point' and forecasting that it 'will definitely appreciate against BTC very soon.' The most bullish predictions came from Mikybull Crypto and a YouTube content creator, D.I.Y Investing. The former argued that XRP is gearing up for a rally toward $4, while the latter believes the token's price is ready to skyrocket to a new all-time high.
Ripple
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
#xrp
$BTC
$BNB
#BinanceLaunchpool #Memecoins #XRPCOIN
According to CryptoPotato, Ripple's #xrp experienced a 20% drop following a market downturn. Despite this, some analysts view this as a buying opportunity and predict a bullish outlook for the asset, with potential significant appreciation in its value expected soon. The cryptocurrency sector underwent a substantial correction on April 14, with its global market capitalization dropping to approximately $2.4 trillion. This adverse trend resulted in multi-million liquidations, primarily affecting long traders. Ripple's XRP was among the significant losers in the past week, plummeting by 20% to around $0.48.
However, some analysts remain unfazed, viewing this as a buy-the-dip opportunity. One such analyst is EGRAG CRYPTO, who stated that 'XRP dips for buying, not for crying.' Several hours before the market decline, the analyst argued that Ripple's native token 'finds itself in a unique position, caught between bullish sentiment and bearish pressure.' EGRAG CRYPTO believes the asset has been in a consolidation phase since August 2023, describing it as 'a healthy formation.' 'Stay steady, XRP is poised to ignite like a rocket,' the analyst concluded.
EGRAG CRYPTO suggested earlier this week that XRP's price trajectory has formed a so-called 'three camel humps.' In their view, breaking above the major resistance zone of $0.75 may lead to a 'bullish momentum' and an eventual rise to the range of $1-$1.30. Another analyst, Dark Defender, was optimistic, maintaining that XRP reached a 'bouncing point' and forecasting that it 'will definitely appreciate against BTC very soon.' The most bullish predictions came from Mikybull Crypto and a YouTube content creator, D.I.Y Investing. The former argued that XRP is gearing up for a rally toward $4, while the latter believes the token's price is ready to skyrocket to a new all-time high.
Ripple
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
#xrp
$BTC
$BNB
#BinanceLaunchpool #Memecoins #XRPCOIN
$Curve Founder's Lending Position Enters Danger Zone As CRV Price Drops
According to PANews, the lending position of Michael Egorov, the founder of Curve, has entered a dangerous zone due to the recent market downturn and the subsequent drop in the price of CRV to $0.42. Egorov has collateralized a total of 371 million CRV, equivalent to $1.56 million, across six lending platforms through five addresses, borrowing $92.54 million in stablecoins.
The drop in CRV price has put Egorov's lending position on various platforms at risk. The health rate of multiple lending positions has dropped to around 1.1, meaning that if the CRV price continues to drop by 10% without any additional collateral or repayment, liquidation will begin.
In August last year, to avoid liquidation due to a drop in CRV price, Egorov sold 159.4 million CRV to 33 investors/institutions via over-the-counter (OTC) trades. He received 63.76 million stablecoins to repay the loan, with the selling price at $0.4 per CRV.
#CRV.
According to PANews, the lending position of Michael Egorov, the founder of Curve, has entered a dangerous zone due to the recent market downturn and the subsequent drop in the price of CRV to $0.42. Egorov has collateralized a total of 371 million CRV, equivalent to $1.56 million, across six lending platforms through five addresses, borrowing $92.54 million in stablecoins.
The drop in CRV price has put Egorov's lending position on various platforms at risk. The health rate of multiple lending positions has dropped to around 1.1, meaning that if the CRV price continues to drop by 10% without any additional collateral or repayment, liquidation will begin.
In August last year, to avoid liquidation due to a drop in CRV price, Egorov sold 159.4 million CRV to 33 investors/institutions via over-the-counter (OTC) trades. He received 63.76 million stablecoins to repay the loan, with the selling price at $0.4 per CRV.
#CRV.
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🌐MARKET AND $BTC UPDATE 🌐
Sorry for the mess on below chart, just focus on the 2 green support lines.
I have already presented my idea few days back about BTC. I think this correction was much needed before going further up. Market has been consistently in uptrend for past few weeks.
These two green support lines are important to me and this is where I am focusing for the next days.
$59000 support should hold and we need to see aome bounce from this point. If we are unable to hold here we may see more price depreciation.
👉 Please DYOR before you invest.
👉 This is not a financial advice.
#BinanceLaunchpool #cpi #bitcoinhalving
Sorry for the mess on below chart, just focus on the 2 green support lines.
I have already presented my idea few days back about BTC. I think this correction was much needed before going further up. Market has been consistently in uptrend for past few weeks.
These two green support lines are important to me and this is where I am focusing for the next days.
$59000 support should hold and we need to see aome bounce from this point. If we are unable to hold here we may see more price depreciation.
👉 Please DYOR before you invest.
👉 This is not a financial advice.
#BinanceLaunchpool #cpi #bitcoinhalving
Ethereum(ETH) Drops Below 2,900 USDT with a 10.42% Decrease in 24 Hours
On Apr 13, 2024, 20:11 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,900 USDT and is now trading at 2,899.340088 USDT, with a 10.42% decrease in 24 hours.
#ETH🔥🔥🔥
On Apr 13, 2024, 20:11 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,900 USDT and is now trading at 2,899.340088 USDT, with a 10.42% decrease in 24 hours.
#ETH🔥🔥🔥