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BNB Price Jumps Surprising 7% as Binance Makes Burn Announcement
BNB, the exchange token of the Binance crypto exchange, has seen a surprising jump of over 7% in the last 24 hours.
BNB, which is strongly linked to the performance of the Binance platform, has outperformed the top 10 cryptocurrencies, rising about 10% in the past week.
The increase in the BNB price aligns with a recent burn announcement made by Binance. Surprisingly, this particular burn does not entail BNB tokens, leaving room for speculation as to what caused the recent BNB price increase.
In a new announcement, Binance stated it will be burning a significant number of BUSD and TUSD B-tokens. The equivalent amount of tokens used as collateral on their native networks will then be released.
BNB saw a massive spike on Wednesday, Feb. 21, as bulls consolidated on an earlier rise that began on Monday. The rise continued into early Thursday trading, with BNB reaching an intraday high of $387 at press time.
BNB's price has been steadily rising since early December 2023, just after a bullish golden cross appeared on its charts. A golden cross is a bullish chart pattern formed when an asset's short-term moving average (50-day) crosses over its long-term moving average (200-day).
A price upswing was validated by the appearance of the bullish golden cross, and BNB began to rise. Following a period of consolidation, BNB resumed its rise in mid-February, breaking the $338 mark.
At the time of writing, BNB was up 4.63% in the last 24 hours to $381. The recent price action on BNB left the token's market capitalization at $57.11 billion, making it the fourth-largest cryptocurrency. So far this year, BNB has increased by 24%.Â
#Write2Earn⏠#BNB #TrendingTopic #crd #Crdowner
BNB, the exchange token of the Binance crypto exchange, has seen a surprising jump of over 7% in the last 24 hours.
BNB, which is strongly linked to the performance of the Binance platform, has outperformed the top 10 cryptocurrencies, rising about 10% in the past week.
The increase in the BNB price aligns with a recent burn announcement made by Binance. Surprisingly, this particular burn does not entail BNB tokens, leaving room for speculation as to what caused the recent BNB price increase.
In a new announcement, Binance stated it will be burning a significant number of BUSD and TUSD B-tokens. The equivalent amount of tokens used as collateral on their native networks will then be released.
BNB saw a massive spike on Wednesday, Feb. 21, as bulls consolidated on an earlier rise that began on Monday. The rise continued into early Thursday trading, with BNB reaching an intraday high of $387 at press time.
BNB's price has been steadily rising since early December 2023, just after a bullish golden cross appeared on its charts. A golden cross is a bullish chart pattern formed when an asset's short-term moving average (50-day) crosses over its long-term moving average (200-day).
A price upswing was validated by the appearance of the bullish golden cross, and BNB began to rise. Following a period of consolidation, BNB resumed its rise in mid-February, breaking the $338 mark.
At the time of writing, BNB was up 4.63% in the last 24 hours to $381. The recent price action on BNB left the token's market capitalization at $57.11 billion, making it the fourth-largest cryptocurrency. So far this year, BNB has increased by 24%.Â
#Write2Earn⏠#BNB #TrendingTopic #crd #Crdowner
Portal Launch Set as Binance Offers 50 Million Ethereum Gaming Token Rewards
Portalâs cross-chain gaming token picks a date after the airdrop push, with the price estimated above $1 in pre-market trading.
After an airdrop farming campaign that prompted hopeful recipients to flood Crypto Twitter with tweets, the Portal gaming token finally has a launch dateâand it comes with the announcement of a Binance Launchpool campaign that will offer up another way for crypto users to earn a potentially sizable stash of PORTAL.
PORTAL will launch on February 29, according to the Binance Launchpool campaign page, and the crypto exchange will list the token at 10am UTC (or 5am EST). The Launchpool campaign will debut tomorrow, February 22, and offer token staking rewards ahead of the listing.
Binance customers who stake either Binance Coin (BNB) or the FDUSD stablecoin into PORTAL liquidity pools can earn a share of the total rewards pool, which numbers 50 million tokensâthatâs 5% of the total PORTAL supply of 1 billion Ethereum-based tokens.
According to Binance, the token will debut with a circulating supply of 167,134,615 PORTAL, or about 16.7% of the total supply. However, Binanceâs Launchpool campaign is not available to users in many countries, including the United States, Canada, Australia, Japan, and more.
Portal has yet to announce details about the actual airdrop distribution following a farming campaign that spanned November and December last year. A Portal representative told Decryptâs GG that details will be announced before the Binance token listing.
In pre-market trading on Whales Market, the PORTAL token is commanding bids of $1.02, which puts the total estimated value of the Binance rewards pool at just a hair over $50 million.
What is Portal? Billed as a cross-chain crypto gaming platform and token, itâs designed to bridge the gap across various ecosystems, providing one place to play, discover, and transact across popular blockchain games.
#Write2Earn #Portal #TrendigTopic #Crdowner #crd
Portalâs cross-chain gaming token picks a date after the airdrop push, with the price estimated above $1 in pre-market trading.
After an airdrop farming campaign that prompted hopeful recipients to flood Crypto Twitter with tweets, the Portal gaming token finally has a launch dateâand it comes with the announcement of a Binance Launchpool campaign that will offer up another way for crypto users to earn a potentially sizable stash of PORTAL.
PORTAL will launch on February 29, according to the Binance Launchpool campaign page, and the crypto exchange will list the token at 10am UTC (or 5am EST). The Launchpool campaign will debut tomorrow, February 22, and offer token staking rewards ahead of the listing.
Binance customers who stake either Binance Coin (BNB) or the FDUSD stablecoin into PORTAL liquidity pools can earn a share of the total rewards pool, which numbers 50 million tokensâthatâs 5% of the total PORTAL supply of 1 billion Ethereum-based tokens.
According to Binance, the token will debut with a circulating supply of 167,134,615 PORTAL, or about 16.7% of the total supply. However, Binanceâs Launchpool campaign is not available to users in many countries, including the United States, Canada, Australia, Japan, and more.
Portal has yet to announce details about the actual airdrop distribution following a farming campaign that spanned November and December last year. A Portal representative told Decryptâs GG that details will be announced before the Binance token listing.
In pre-market trading on Whales Market, the PORTAL token is commanding bids of $1.02, which puts the total estimated value of the Binance rewards pool at just a hair over $50 million.
What is Portal? Billed as a cross-chain crypto gaming platform and token, itâs designed to bridge the gap across various ecosystems, providing one place to play, discover, and transact across popular blockchain games.
#Write2Earn #Portal #TrendigTopic #Crdowner #crd
DYDX jumps by 36%, SNX and AAVE following: DeFi summer?
Today, on Feb. 24, 2024, all governance tokens of the largest decentralized finance protocols (DeFis) are outperforming the market's benchmark. DYDX, the core asset of the eponymous protocol, soared from $2.87 to almost $4 in an inspiring 36% jump. DYDX managed to set a new three-month price high for the Ethereum-based version and a historic record for the token launched on the native blockchain.
Read more on U.Today https://u.today/defi-coins-rocketing-on-game-chaining-uniswap-uni-milestone
#Write2Earn #Crdowner #uniswap #DeFi:
Today, on Feb. 24, 2024, all governance tokens of the largest decentralized finance protocols (DeFis) are outperforming the market's benchmark. DYDX, the core asset of the eponymous protocol, soared from $2.87 to almost $4 in an inspiring 36% jump. DYDX managed to set a new three-month price high for the Ethereum-based version and a historic record for the token launched on the native blockchain.
Read more on U.Today https://u.today/defi-coins-rocketing-on-game-chaining-uniswap-uni-milestone
#Write2Earn #Crdowner #uniswap #DeFi:
XRP price slips below $0.55 with development in SEC v. Ripple lawsuit
XRP price dropped below $0.55 on Thursday as both Ripple and SEC work on remedy-related briefs.
March 13 is the next key deadline for the SEC v. Ripple lawsuit.
The court will determine penalties for Rippleâs institutional sales of XRP by the April 29 deadline.
More news âŠ.
https://www.fxstreet.com/cryptocurrencies/news/xrp-price-slips-below-055-with-development-in-sec-v-ripple-lawsuit-202402220603
#Write2Earn #XRP: #Crdowner #crd
XRP price dropped below $0.55 on Thursday as both Ripple and SEC work on remedy-related briefs.
March 13 is the next key deadline for the SEC v. Ripple lawsuit.
The court will determine penalties for Rippleâs institutional sales of XRP by the April 29 deadline.
More news âŠ.
https://www.fxstreet.com/cryptocurrencies/news/xrp-price-slips-below-055-with-development-in-sec-v-ripple-lawsuit-202402220603
#Write2Earn #XRP: #Crdowner #crd
This Coin Just Hit A 21-Month High: 'Next Level Is $400,' Predicts Analyst
Binance Coin BNB/USD+3.16%+ Free Alerts defied the negative sentiment in the cryptocurrency markets, registering a 5.5% gain single-day gain. Analysts maintain a bullish outlook on its future performance.
The Binance cryptocurrency exchange on Wednesday announced its 47th project on its launchpool.
Portal, a cross-chain gaming platform, is scheduled to be listed for trading on Feb. 29.
Possibly driven by this announcement, BNB defied a market-wide downturn and is currently trading around $371.
The exchange's cryptocurrency clocked a 5.2% gain over the past 24 hours, marking its highest level since May 2022. Trading volumes have surged by 45.2%.
According to Coingecko data, the total value locked on the BNB Smart Chain increased by 1.2% in the past 24 hours, while trading volumes expanded by 19.3%.
In a research report titled "BNB Chain & the Web3 Blueprint," Binance announced its BNB Smart Chain achieved a record-breaking throughput by processing 32 million transactions in a single day in late 2023.
The BNB Smart Chain also hit its peak throughput of 2,000 transactions per second (TPS).
Additionally, opBNB, another BNB Chain blockchain, reached an all-time high in the final quarter of 2023, with 71 million transactions processed in a single day and a throughput of 4,500 TPS.
Some analysts voiced bullish predictions for BNB following the outperformance.
Crypto Rover, a popular crypto YouTuber, shared on his platform that BNB âis breaking the weekly downtrend.â
One crypto trader predicts a key psychological level to be hit soon:
Â
Whether the market is entering âBNBchain seasonâ remains to be seen. Binance is aiming to achieve precisely that with its 2024 Web3 Blueprint.
#Write2Earn #BNBPrediction #Crd #Crdowner #prediction2024
Binance Coin BNB/USD+3.16%+ Free Alerts defied the negative sentiment in the cryptocurrency markets, registering a 5.5% gain single-day gain. Analysts maintain a bullish outlook on its future performance.
The Binance cryptocurrency exchange on Wednesday announced its 47th project on its launchpool.
Portal, a cross-chain gaming platform, is scheduled to be listed for trading on Feb. 29.
Possibly driven by this announcement, BNB defied a market-wide downturn and is currently trading around $371.
The exchange's cryptocurrency clocked a 5.2% gain over the past 24 hours, marking its highest level since May 2022. Trading volumes have surged by 45.2%.
According to Coingecko data, the total value locked on the BNB Smart Chain increased by 1.2% in the past 24 hours, while trading volumes expanded by 19.3%.
In a research report titled "BNB Chain & the Web3 Blueprint," Binance announced its BNB Smart Chain achieved a record-breaking throughput by processing 32 million transactions in a single day in late 2023.
The BNB Smart Chain also hit its peak throughput of 2,000 transactions per second (TPS).
Additionally, opBNB, another BNB Chain blockchain, reached an all-time high in the final quarter of 2023, with 71 million transactions processed in a single day and a throughput of 4,500 TPS.
Some analysts voiced bullish predictions for BNB following the outperformance.
Crypto Rover, a popular crypto YouTuber, shared on his platform that BNB âis breaking the weekly downtrend.â
One crypto trader predicts a key psychological level to be hit soon:
Â
Whether the market is entering âBNBchain seasonâ remains to be seen. Binance is aiming to achieve precisely that with its 2024 Web3 Blueprint.
#Write2Earn #BNBPrediction #Crd #Crdowner #prediction2024
Top 10 Crypto Bot Trading Strategies to Automate Your Trading
Moving Average Trading:
It assesses the average price of a cryptocurrency over a certain period by best crypto trading bot strategies.
RSI:
It assesses how quickly and how much prices fluctuate.
MACD:Shows the connection between two moving averages of the price of an asset.
Bollinger Band:
Comprises two standard deviation lines (upper and lower bands) drawn on either side of the moving average and a moving average (middle band).
Fibonacci Retracement:
Determines possible support and resistance levels.
Pivot Reversal:
Functions as indicators for determining possible support and resistance levels and the market's overall trend.
Supertrend:
Uses the Average True Range (ATR).
Parabolic SAR:
Locates moments when an asset's momentum will likely shift directions.
Mean Reversion:
Determines where price volatility frequently results in notable departures from the mean.
Arbitrage:
Top among crypto bot strategies that exploit the two marketplaces' price differences.
#crd #Write2Earn #TradingBot #Crdowner
Moving Average Trading:
It assesses the average price of a cryptocurrency over a certain period by best crypto trading bot strategies.
RSI:
It assesses how quickly and how much prices fluctuate.
MACD:Shows the connection between two moving averages of the price of an asset.
Bollinger Band:
Comprises two standard deviation lines (upper and lower bands) drawn on either side of the moving average and a moving average (middle band).
Fibonacci Retracement:
Determines possible support and resistance levels.
Pivot Reversal:
Functions as indicators for determining possible support and resistance levels and the market's overall trend.
Supertrend:
Uses the Average True Range (ATR).
Parabolic SAR:
Locates moments when an asset's momentum will likely shift directions.
Mean Reversion:
Determines where price volatility frequently results in notable departures from the mean.
Arbitrage:
Top among crypto bot strategies that exploit the two marketplaces' price differences.
#crd #Write2Earn #TradingBot #Crdowner
Should You Sell Spell Token (SPELL) Thursday?
InvestorsObserver analysis gives Spell Token a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.
Trading AnalysisSPELL's risk gauge score translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.The price of Spell Token is 78.02% lower over the last 24 hours, leading to its current value of $0.001057288. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $113,558,726.25, meanwhile $210,489,577.28 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Spell Token a low risk analysis.
Summary
The price volatility of SPELL over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now.
#Write2Earn #SPELL #Crdowner #crd
InvestorsObserver analysis gives Spell Token a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.
Trading AnalysisSPELL's risk gauge score translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.The price of Spell Token is 78.02% lower over the last 24 hours, leading to its current value of $0.001057288. The change in price goes along with volume being below its average level while the token's market capitalization has risen during the same time period. The crypto's market capitalization is now $113,558,726.25, meanwhile $210,489,577.28 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Spell Token a low risk analysis.
Summary
The price volatility of SPELL over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the token's manipulability as of now.
#Write2Earn #SPELL #Crdowner #crd