Stated that it will airdrop USDC to Frontier (FRONT) and Self Chain (SLF) owners.“To demonstrate our commitment to always putting users and their feedback first, we are pleased to announce a USDC airdrop for eligible FRONT and SLF holders, sponsored by the SLF team.The FRONT snapshot occurred on 28.08.2024 00:00 (UTC).Users' assets in Spot and Funding Wallets were taken into account.The SLF snapshot occurred on 02.09.2024 00:00 (UTC).Users' assets in Spot, Funding, Margin and Earn Wallets were taken into account.Eligible users who hold FRONT and/or SLF in their Binance Wallets during the above snapshot periods will receive USDC from a pool of 1,000,000 USDC that will be distributed in proportion to their snapshotted holdings.“Binance will complete the distribution of USDC to eligible users by 2024-09-13 00:00 (UTC). No further announcement will be made.”
The Solana meme coin released some time ago suddenly attracted attention of retail traders, surging 117% since July 11. However, there is some silver lining not many are aware of.
A wager on Polymarket surfaced in 2024 regarding the first cat-themed meme coin to hit $1 billion in market capitalization. With an all-time high (ATH) of almost $800 million, Mew was leading the race in April. But the decline of the token was brought about by bad press created by certain influencers who made claims that the token was VC-backed and promoted it in questionable ways. Ansem and other influencers allegedly made over $250,000 by promoting the token.
#Litecoin (LTC) Price Grew 40% In One Day: Will The Party Continue?
Litecoin Traders Are on the Rise
Analyzing how long users are holding LTC reveals a surge in short-term traders. These are users who hold LTC for less than a month. The number of coins they hold jumped from 7.84 million LTC to a whopping 11.13 million LTC. That’s a significant increase of 41.96% in just one month.
However, this rise in short-term holders comes at a cost. The number of long-term holders, also known as Hodlers (those holding for more than a month), is going down. Their LTC stash went from 45 million all the way down to 42.5 million.
This trend of more short-term traders and fewer long-term holders could have two consequences for LTC’s price. First, it might lead to more volatility. Short-term traders tend to buy and sell more frequently, which can cause price swings.
The Relative Strength Index (RSI) measures whether an asset is overbought or oversold. It measures the momentum of price movements by comparing the size of recent gains to recent losses. The RSI is displayed as a value between 0 and 100. Generally, an RSI above 70 indicates an overbought condition, suggesting the price may be due for a decline. Conversely, an RSI below 30 suggests may be oversold and primed for a potential upswing.
$100k Bitcoin in 2024? Expert advises on catalyst to watch ‘like a hawk’
After Bitcoin (BTC) reached its last all-time high of nearly $69,000, a significant portion of the market has increasingly viewed the $100,000 level as the next potential milestone for the maiden cryptocurrency.
With Bitcoin presently trading above the $60,000 support zone, discussions surrounding the $100,000 target have resurfaced, with some market participants projecting that this milestone could be achieved in 2024.
In this context, crypto trading analyst Gareth Soloway has identified a crucial catalyst that could propel Bitcoin to the targeted mark. During an interview with David Lin published on March 2, Soloway stressed the importance of monitoring market liquidity, suggesting that an increase might favor Bitcoin. #BitcoinMillionaire #Bitcoin #BTC #ETHUSDT
Pepe Coin 17% Rally Sparks Bullish Excitement, Time To Buy Dog-Themed Meme Coins?
Pepe Coin price sees a remarkable 17% increase as it captures market interest, with a significant surge in trading volume and market cap
uptick, mirroring the escalating excitement around meme-based digital currencies. Over the recent 24-hour period, PEPE, inspired by the meme coin phenomenon, has witnessed a 17% increase. Presently, Pepe price stands at $0.000003703. This upward movement reflects a broader enthusiasm for meme cryptocurrencies, which the success of others such as Dogecoin, Shiba Inu, and Floki has buoyed.
Over 97% of Bitcoin holders see profits, IntoTheBlock shows
Despite the good phase of the market, the number of addresses holding Bitcoin for more than a year slightly decreased in 2024.
Crypto analytics firm IntoTheBlock revealed in its weekly newsletter that over 97% of Bitcoin holders are “in the money.” This level of profitability has not been seen since November 2021. During the last instance of such widespread profitability, Bitcoin’s price was approximately $69,000, close to its all-time high. This significant percentage of profitable addresses reduces the impact of selling pressure from users looking to break even.
The firm’s methodology involves comparing the average purchase price of Bitcoin held in any address against its current market value. Addresses are classified as “in the money” if the current price of Bitcoin is higher than the average cost at which it was acquired. Conversely, if the current price falls below the average cost, the address is considered “out of the money.
Bitcoin Forms Support Wall at $61K Where 1M Addresses Bought 671K BTC
The price of Bitcoin (BTC) is likely to witness mild correction after its recent parabolic run, but the current address holdings form a formidable support that might stabilize any negative volatility.
After a period of uptrend, a correction is often the next feasible direction. For February, the price of Bitcoin jumped by more than 47%, hitting a high of $63,913.13 and sending more than 95% of its addresses into profit.
Per data from IntoTheBlock, Bitcoin currently has strong support with minimal resistance placing it at a bullish position at the moment
Formidable Bitcoin Acquisition Zone According to data pointed out by market Analyst Ali Martinez, Bitcoin’s price is currently holding steady above a “massive support wall.” Approximately 1 million addresses acquired a total of 671.06K Bitcoin between the prices of $60,334.94 to $62,155.10.
With the price of Bitcoin now pegged at $63,913.13 despite the 2.53% correction in the past 24 hours, the selling pressure is removed in the short term.
Amid the current slip in price, Martinez noted that this price range serves as a region of strong investor confidence and might cushion against further drops.
Changes in the crypto market are constant, and no one asset, except Bitcoin (BTC) and Ethereum (ETH), has the monopoly of maintaining a static ranking in the market for now.
As such, The Crypto Basic probed the possibility of Shiba Inu with a market capitalization of $6,180,128,056, flipping Dogecoin with a market cap of $13,042,119,120
For this to happen, Shiba Inu will have to grow by more than double its current price of $0.00001049, a feat that is possible but quite daunting.