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MazloomHussain
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#Memecoins According to data from CoinGecko, Pepe (PEPE), Floki (FLOKI), Dogecoin (DOGE), and Shiba Inu (SHIB) topped the growth chart over the past 24 hours. Coins rose in price from 6% to 10%, leading the top gainers rating.
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Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry, according to market analyst Ruslan Lienkha. Lienkha explained that this open interest concentration aligns with Bitcoin's all-time high. In mid-March, bitcoin reached a peak value of over $73,000. Options are derivative contracts that grant traders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. Call options provide the right to buy, while put options offer the right to sell. It is generally assumed that traders who purchase call options are bullish on the market, while put buyers are bearish. Lienkha highlighted the significant domination of call options in the open interest, suggesting that many option traders anticipate bitcoin surpassing its previous all-time high by the end of June. This observation is consistent with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry. Despite expectations of a price surge, Lienkha predicts that the bitcoin price will likely consolidate around its current levels in the coming weeks. This suggests a potential period of relatively stable trading in the short term. At the time of writing, Bitcoin (BTC) is trading at $61,212, experiencing a slight increase of over 0.54% in the past 24 hours. #BTC #notcoin
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"Digital Gold"
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#BinanceLaunchpool Binance plans to distribute 3% of the total NOT token supply to users on Launchpool. This translates to roughly 3 billion NOT tokens out of a total supply of 102.7 billion tokens. 85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more NOT if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool. In addition to featuring the NOT coin on its Launchpool platform, Binance will also be listing the token for trading on the Binance exchange. The token will be available for trading starting on May 16 at 12:00 UTC in trading pairs against BTC, USDT, BNB, FDUSD, and TRY. It is worth noting that Binance will be listing NOT with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone.” The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange. #NotcoinLaunchpool #NOTLAUNCHPOOL
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