XRP Soars: Why Zero Venture Capital, No Smart Contracts, and Low User Count Created an $180 Billion Market Value?
Original author: goodalexander
Compiled by: TechFlow
Reprinted: Luke, Mars Finance
Why does XRP make people 'short circuit'?
In the field of cryptocurrency, the existence of XRP has disrupted many traditional narratives, particularly the mainstream views on venture capital (VC) and protocol value.
The initial viewpoint was that 'venture capital always tends to sell off, so choosing meme coins is a strategy against venture capital.' However, this viewpoint is gradually being overturned. It turns out that what can truly combat venture capital is not meme coins, but protocols with stable cash flows, as well as long-term protocols based in the U.S. (often referred to as 'dino coins').
【Three thousand to one million】 Contract passes three levels (stop, "take profit to control greed"); Profit distribution (25% 15-minute short-term hot contract speculation, 25% 4-hour line Bitcoin and other contract speculation, 25% weekly fixed investment in Bitcoin, 25% capital reserve) $BTC $DOGE $PNUT #BTC创历史最大月度涨幅 #热点币
$DOGE Our personal experiences with several washouts DOGE: Dogecoin was born in 2013 and the price remained in an extremely sluggish state for many years, even the founder pulled out and ran away. After years of washout, a project that no one believed in suddenly exploded in 2021, the richest man called out a few times and it surged over 700 times, leaving countless people regretting.
ETC: Since it started listing on the three major exchanges in 2017, ETC has been lukewarm. During the 2017 bull market, it only rose to $47, and then the price continued to be sluggish, maintaining around $3-5 for years, making everyone despair time and again, eventually cutting losses and leaving the market. Then in 2021, ETC suddenly exploded, directly soaring to $180, and those who cut losses all regretted their earlier decisions.
LTC: Before 2017, LTC was consistently around $3-5, and everyone felt that this altcoin was not outstanding, it was more practical to buy Bitcoin with money. However, this inconspicuous altcoin leveraged its advantage of being tradable on the three major exchanges and directly surged to $370, with an annual increase of a hundred times.
Squid: The 2021 Squid Game TV series made many people profit immensely from buying this coin. Now that Squid Game 2 is set to air next month, as the time draws closer, there are already signs of a resurgence. This coin has been washed out for three years without going to zero, making it worth setting up for a position. How much can we earn this time? #meme板块关注热点
Binance’s Trading Volume Exceeds $3.5 Trillion in 30 Days, Outperforms NASDAQ and NYSE
Binance’s Trading Volume Exceeds $3.5 Trillion in 30 Days, Outperforms NASDAQ and NYSE
In a groundbreaking achievement, crypto exchange Binance reported a combined spot and derivatives trading volume of over $3.5 trillion in the past 30 days, from October 7 to November 15, 2024, according to Wu Blockchain. This figure not only represents 50% of the total trading volume across all centralized exchanges (CEXs) but also surpasses the trading volumes of major global stock exchanges like NASDAQ and the New York Stock Exchange (NYSE).
Binance’s Unparalleled Trading Performance
1. Dominating the Crypto Market
Binance has cemented its position as the world’s largest cryptocurrency exchange by volume, maintaining its lead with consistent innovation, a wide range of trading products, and robust liquidity.
50% of Total CEX Volume: Binance alone accounts for half of the trading activity across centralized exchanges globally.
Spot and Derivatives Leadership: Binance’s extensive offerings in both spot and derivatives markets drive its unparalleled trading performance.
2. Surpassing Stock Market Giants
Compared to traditional financial markets, Binance’s trading volume has reached impressive milestones:
10% Higher Than NASDAQ: Outperforming the technology-focused stock exchange.
Twice as High as NYSE: A significant feat considering the NYSE’s stature as a leading traditional market platform.
Key Factors Driving Binance’s Success
1. Advanced Trading Tools
Binance offers a wide array of trading features, including:
Spot Trading: Direct crypto purchases and sales.
Derivatives: Futures and options contracts, appealing to professional traders.
Margin Trading: Enhanced leverage options for advanced strategies.
2. Market Liquidity
With its extensive user base and trading pairs, Binance provides unmatched liquidity, enabling smooth transactions even during periods of high volatility.
3. Global Reach
Binance supports users across multiple regions, offering:
Localized Payment Options
Multi-Language Support
Global Regulatory Adaptation
4. Continuous Innovation
AI-Powered Trading Tools
NFT Marketplaces
Binance Earn for passive income through staking and savings.
Binance in the Context of Global Finance
Metric Binance NASDAQ NYSE 30-Day Volume $3.5 Trillion ~$3.2 Trillion ~$1.75 Trillion Market Focus Cryptocurrency Technology Stocks Global Equities Trading Hours 24/7 9:30 AM–4:00 PM ET 9:30 AM–4:00 PM ET
Implications for the Crypto Market
1. Increased Credibility
Binance’s massive trading volumes highlight the growing adoption of cryptocurrency as a legitimate asset class.
2. Enhanced Liquidity
The high trading activity provides a stable market environment, attracting both retail and institutional investors.
3. Competitive Edge Over Traditional Markets
With around-the-clock trading and a rapidly expanding user base, Binance showcases the potential of cryptocurrency platforms to rival traditional financial institutions.
Challenges and Criticisms
While Binance’s achievements are impressive, it faces challenges such as:
Regulatory Scrutiny: Governments worldwide are increasing oversight of cryptocurrency exchanges.
Market Volatility: Crypto’s inherent price fluctuations can pose risks.
Operational Risks: Managing high trading volumes demands robust technological infrastructure.
FAQs About Binance’s Trading Volume
1. How much trading volume did Binance record in 30 days? Binance recorded over $3.5 trillion in combined spot and derivatives trading volume.
2. How does Binance compare to NASDAQ and NYSE? Binance’s trading volume is 10% higher than NASDAQ and twice as high as NYSE.
3. What factors contributed to Binance’s success? Key factors include its global reach, advanced trading tools, strong liquidity, and innovative product offerings.
4. What challenges does Binance face? Binance must navigate regulatory scrutiny, manage market volatility, and maintain operational efficiency to handle large trading volumes.
5. Why is Binance significant for the crypto market? Binance’s dominance boosts market liquidity, attracts institutional interest, and enhances crypto’s credibility as an asset class.
Conclusion
Binance’s milestone of $3.5 trillion in 30-day trading volume underscores its dominance in the cryptocurrency market and its growing influence in global finance. By outperforming major traditional exchanges like NASDAQ and NYSE, Binance continues to highlight the increasing relevance of cryptocurrencies in modern trading.
As Binance navigates challenges and continues to innovate, it remains a cornerstone of the crypto ecosystem, reshaping how the world views digital assets.
For more insights into cryptocurrency trading, explore Top Crypto Exchanges by Volume and How Binance Became a Market Leader.
The surge in PNUT launched on Binance has attracted a large number of investors. Many people don’t know what this coin is. Today, I will explain it to you.
1. PNUT originated from the US presidential election. The reason was that a group of police ran to a big internet celebrity’s home and caught an internet celebrity squirrel named Peanut and euthanized it on the grounds that raising squirrels was illegal. When the internet celebrity complained about this incident on the Internet, it triggered a lot of condemnation. Musk also participated in it and sent many tweets to express the corruption of the government. The government did not arrest illegal name changers and murderers, but killed squirrels instead. But Trump will save you. This has a huge boost to Trump’s election. At the same time, the Trump government office also issued a statement condemning the Democratic Party for wasting taxpayers’ money. Because of Musk’s involvement and the launch of Binance, the price rose
2. A squirrel and a meme coin saved the United States! This squirrel played an important role in Trump’s victory and triggered widespread dissatisfaction with the current government. Musk took office in the government efficiency department, echoing his previous tweets about streamlining institutions, improving efficiency, and saving the United States. With this tweet from Ma, the status of pnut was officially announced, and this meme coin gained the same status as doge in the 21-year bull market. Coincidentally, pnut has been launched on Binance, which is similar to the myths of doge and shib.
3. There are only two of the two biggest wealth-making effects in the currency circle, one is BTC and the other is meme. For example, doge shib, dogecoin soared because of Musk's continuous empowerment, and so did shib, because it is related to Musk. Now PNUT is also the same. Dogecoin has risen from the initial market value of 10 billion to a maximum of more than 100 billion. The current market value of PNUT is only about 1 billion. How much room for imagination is there?
4. Brothers who have not yet boarded PNUT, what should they do next? Is it to chase directly, or wait for a callback, and can it create a myth of 10,000 times like DOGE SHIB in the later stage? The answer is clear in my mind. Type 888 in the comment area and I will announce the answer later. Or, click on the main page to follow me, read the introduction, find me, and get the answer in advance. If you are one step ahead of others, you will have less risk and more profit. #超级MEME周期? #PNUT走高 $PNUT
Just a reminder, this is hell, not heaven; slaughter dreams, slaughter two heads. $TON
LIVE
印度洋之星
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$TON The most direct reason why we want to invest in crypto assets is to desire financial freedom. Naturally, we must take various risks. Projects developed by founders with strong free will are worth the risk! @Ton&Not&Dogs
The consensus Meme is more vital than the specific project Ton, which is really an incredible inspiration.
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Crypto可馨
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Telegram founder Pavel Durov has been arrested!
What is the impact on TON and its ecosystem? The core focus is on Telegram itself:
1. As a related project of Telegram, TON's appeal comes more from Telegram's huge user base and powerful social functions, rather than the public chain technology itself.
2. If Telegram products encounter unexpected events, the TON ecosystem will suffer a heavy blow, and even if the project is transferred elsewhere, it will be difficult to reproduce the original advantages.
3. Therefore, projects that rely on Telegram's core business need to be particularly vigilant. Although Telegram is unlikely to disappear, it is always the best policy to prevent risks. For meme projects that rely on consensus rather than specific business, Telegram's impact may be relatively limited, and may even be enhanced due to sentimental consensus.
4. On the positive side, if Telegram really encounters difficulties, it may accelerate the rise and prosperity of Web3 decentralized social networking, forming a situation of "one whale falls, all things come to life".
The figure lists some coin issuance projects with high correlation with Telegram and market popularity for reference. Finally, I reiterate that although this event is bearish, it is not enough to reverse the upward trend of Bitcoin (the overall trend of cryptocurrency), and the expectation of new highs in the next few months remains.
Follow me on the homepage, I will share spot passwords, bull market layout strategies, and 100-fold potential coins for free every day #美联储何时降息? #Telegram创始人被补 #杰克逊霍尔年会 #美国CPI数据连续第4个月回落 #新币挖矿TON
This morning I saw many people posting TON bargain hunting. I think it is possible to bargain hunt but I don’t recommend long-term holding. The reasons are as follows: 1. TON’s biggest expectation before was to be listed on Binance, which has been fulfilled 2. TON’s price includes the expectation of the ecosystem. Now that the founder has been arrested, it is difficult for ecological projects to be listed on Binance 3. Several heavyweight projects in the ecosystem have been listed on Binance. In fact, after several telegram users have been collected, they are almost the same and are not in a hurry to list more projects 4. Looking back at the various altcoins that were sued by the SEC before, and the historical trend of BNB after CZ was pledged, after a rebound, they were all weak for a long time, and even fell below the price after the news. The current price is not the real bottom. $TON
It seems to make sense$TON that none of them has disappeared, and panic often leads to wrongful killing.
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虎投峰crypto
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Bullish
Bitcoin is strong because Satoshi Nakamoto disappeared, SOL is strong because SBF went in, BNB is strong because CZ went in. Now the founder of Telegram has gone in, do I still need to teach you what to do? $TON
Talk about TON Last night, the founder of TG was arrested in France. Due to the close relationship between TON public chain and TG, TON public chain plummeted. TON public chain has been doing well this year, and has introduced users to the public chain with the advantages of TG, that is, it has entered the web3 field. This is both an advantage and a disadvantage, because it is too dependent on a certain entity or person. It is exactly the same as the previous CZ facing US charges that caused the BNB price to slump. These risks are black swan events, that is, they cannot be predicted in advance. Therefore, when investing, we should pay close attention to related events, and it is best to make decisions after the trend of the event is clear. For example, it is not a good choice to buy TON and its ecological project tokens at the bottom at present. It is a rebound, but the risks are great. Don't wait for the subsequent events to develop, and make decisions after the trend is clear. In the currency circle, you can live longer if you are less gambling. #美联储何时降息? #Telegram创始人被补 #新币挖矿TON #杰克逊霍尔年会 #新币挖矿DOGS
"Black Myth: Wukong" became a top-tier game overnight, topping the Steam online rankings on the first day of its release, setting a record for the number of online users for a stand-alone game.
TON ecosystem Meme coin DOGS has been launched on Binance’s 57th new coin mining phase for the first time, and will be opened on leading exchanges such as Binance, OKX, and Gate.io in two days.
Logically, these two things should have nothing to do with each other, but one is a AAA masterpiece that took 7 years to develop and cost 400 million RMB. "You play for 1 hour, and they spend 20 million RMB." The other is a token that is low-cost and spread by airdrops across the network due to FOMO. "It has nothing, and its current market value is 1 billion US dollars."
Three major problems of the cryptocurrency crash, shocking insider exposure! FTX is about to inject 16 billion US dollars, and October may usher in a super increase!
The cryptocurrency crash in the past two days is indeed not small. The following are three main reasons:
1. The deterioration of the US economy and the Fed's mistakes: The US economy began to deteriorate, and the market was worried that the Fed would make mistakes again. Powell did not follow Dudley's advice and did not cut interest rates at the recent parliamentary meeting. The market generally believes that it is too late to cut interest rates until September. The Fed previously caused super inflation due to late interest rate hikes, This time it delayed the interest rate cut, causing panic in the market, The cryptocurrency and US stocks both collapsed.
2. Bitcoin on-chain data reversal: A large number of Bitcoins continue to be transferred to exchanges for sale, The main sellers are Germany and Mentougou, The cumulative sales exceeded 10 billion. Every time the cryptocurrency market rises slightly, They start to smash the market, making it difficult for the market to maintain its upward trend. Although Germany has completed the sell-off, Mentougou also has 2.13 billion US dollars of coins left, which is expected to end the sell-off this week or next week. This selling pressure is about to end. 3. Trump's speech has exhausted all the positive news: Before Trump's speech, the currency circle soared from more than 50,000 to 70,000. After the speech, the good news was exhausted, and the currency price fell more than expected. However, FTX will inject 16 billion US dollars in October, which will trigger a huge pull-up effect. It is expected that the currency circle will have an opportunity to ambush in August and September, and the super increase during Trump's speech may reappear, breaking through the previous high of 74,000 and starting a new round of increases. The above are the main reasons for the current collapse of the currency circle and future expectations. I hope everyone can wait patiently during this period to welcome the super increase in October. #加密市场急跌 #美国7月非农就业增长放缓 #BTC走势分析 #btc #eth I am Brother Sen, you need reference, I need fans, follow Brother Sen, and share various wealth codes for free. The bull market has arrived, don't let yourself be just a spectator!
Top 5 Best Crypto to Buy Now: See Which Coins Are Ready to Explode
Are you looking for the best crypto to buy now in order to ride the prevailing market trends? Search no more. In this article, we explore some of the most promising cryptocurrencies set for growth including 5thScape (5SCAPE), a leading ICO. It is important that as the crypto market remains dynamic, one must be able to figure out which projects have great potential. This analysis will walk you through five coins poised to make a difference while giving an insight into their unique features, market position and what makes them stand out.
Top Best Crypto to Buy Now:
5thScape (5SCAPE)
PEPE
Toncoin
DarkLume (DLUME)
Solana
We shall look into each of these coins in detail so read on until the end for an in-depth analysis.
5thScape (5SCAPE)
The new and bright player in crypto space has arrived with a bang as one of the most awaited ICOs – 5thScape (5SCAPE). The innovative project is aimed at revolutionizing digital asset management by integrating AI and blockchain technology thereby forming a secure and efficient investment platform. Currently trading at $0.00376 per token, 5thScape has already raised an impressive $6.99 million during its presale with a target of $7.5 million.
This project promises smooth transactions plus advanced security measures that can be appreciated by both newbies and experienced investors. The growing community around it and strong development team behind 5thScape also make it believable that this token will grow therefore making it one of the best cryptos to buy now.
Pepe Coin (PEPE)
Pepe coin has become famous as a crypto that is based on memes, which it draws from the internet meme icon, Pepe the Frog. Initially meant for fun, Pepe experienced massive growth in its following thus pushing up its market value. Though originating from an internet culture PEPE has evolved beyond being just a meme coin. This is due to its active development and a strong community behind it. Currently, PEPE has grown to become the 24th crypto coin in terms of market cap, currently capped at $3.4 billion while its market price at $0.000008072.
Toncoin (TON)
Toncoin is gaining acceptance among investors who are seeking innovative blockchain solutions, it is the native currency of Telegram Open Network. TON emphasizes speed and scalability offering extremely fast transaction speeds with low fees in place. At 8th place, Toncoin’s market cap is on its way up, having exceeded $15.8 billion already.
This unique approach towards blending traditional finance with decentralized applications promises to make this project one of the best cryptos for buying now. Toncoin sits well among other toncoin cryptos due to the massive community base under Telegram coupled with their ongoing advancements within the scope hence being described as one of the best crypto to buy now.
DarkLume (DLUME)
DarkLume (DLUME) is a new cryptocurrency that aims to offer unmatched privacy and security measures. DarkLume makes use of the newest encryption technology ensuring user’s identity protection and anonymity rendering it attractive to privacy oriented investors. The token currently trades for $0.0005 with $2 million target being raised during this presale With the rise in demand for privacy-centric options in the digital era, Darklume appears as an attractive investment. With its ease of use platform and innovative features, it distinguishes itself from typical cryptocurrencies, thus signifying its potential value explosion.
Solana (SOL)
Solana has quickly become one of the most popular cryptos due to its fast blockchain network and low transaction fees. Solana is valued at around $145 level today with a market cap of over $68 billion. Numerous projects and investors have been attracted by the ability of this platform to process thousands of transactions per second without sacrificing security.
Additionally, recent partnerships and expansion into DeFi and NFTs strengthen its role as a leading blockchain platform. With both BTC and ETH ETF getting approved, SOL follows the list presenting a massive opportunity to accumulate before it surges. However, as demand rises for scalable solutions that work optimally well, this Ethereum killer remains one of the best crypto assets to buy right away.
Conclusion
Currently, there are several opportunities that exist in the cryptocurrency market. These stand out as being among the best crypto to buy now. 5thScape (5SCAPE) has its unique approach in digital asset management which makes it worth investing for those who want to capitalize on ‘the next big thing’.
PEPE, Toncoin, DarkLume and Solana each have different characteristics while also offering growth potential catering for diverse investment strategies. Reaping benefits from these promising projects necessitates getting involved through staying informed about developments within this evolving crypto landscape thereby making strategic choices through associated decision making.
The post Top 5 Best Crypto to Buy Now: See Which Coins are Ready to Explode appeared first on Coinfomania.
Buy these 4 cryptocurrencies at the bottom and become a millionaire!
The cryptocurrency market is in a mixed phase, with the Fear & Greed Index currently showing a reading of 54, reflecting investor uncertainty. However, the market capitalization is up more than 2% from the previous day. Therefore, choosing the best altcoins to invest in today is quite challenging. In this mixed environment, 60% of cryptocurrencies have lost value in the past 24 hours, highlighting the dire market conditions. However, during this downturn, some coins have emerged as some of the best altcoins to invest in today. Our main goal is to point out coins with potential and provide useful insights for investors.
《It's useless for a cool PEPE like you to hide! 》 Do you think you can hide without being discovered? No way! A unique and extraordinary existence like your PePe coin, no matter where it is hidden, is like the brightest star in the night sky, so dazzling and eye-catching. Your vibrant community culture is like a carnival party in the middle of the night; the creative and funny frog 🐸 design is even more eye-catching than the cover of the top fashion magazine; and the deep heritage is like a bottle of aged wine that has been treasured for many years, and the older it is, the more fragrant it is; coupled with solid technical support, it is like a knight with unique skills, who is invincible in the world. Not only that, the market performance of PePe coin is like a wild horse that has run away from its reins, unstoppable; its exposure in the media is even more eye-catching than that of popular stars; the blessing of those celebrities makes it seem like it has been blessed by mysterious power; the social activities it participates in are like a fresh breeze that blows through every corner; finally, its irresistible fun is so funny that it makes people laugh until their stomachs hurt! However, despite the fact that PePe is so good and so fascinating, we must not forget that there are rules in the industry. No matter how interesting and popular it is, it also needs to follow the rules of the market to ensure that every step of development is stable and reliable. After all, only in this way can the charm of PePe continue to shine, right? $PEPE #BinanceFutures@Pepecoin @Binance Futures @阿斗在这里 @六边形的奥特曼 @Crypto 蛋叔 @加密鱼右右 @加密鱼右右 @唐华斑竹 @crypto 逍遥书生 @罗尼交易指南 @跟着我反买必赢
Toncoin, the cryptocurrency behind Telegram’s ambitious blockchain project, is currently facing significant market challenges despite its impressive performance. Once considered a rising star in the cryptocurrency space, Toncoin is now facing a significant decline in market dominance. The token has lost 15% of its value over the past two weeks and is currently trading at $6.79. This decline suggests that Toncoin is facing a critical juncture and its future is at stake. Understanding Toncoin’s Current Status Toncoin’s recent price drop has been largely influenced by the actions of large holders, or “whales,” who hold large amounts of the token. These entities play a crucial role in shaping market trends, as their trading activity can lead to large price swings. According to the latest data from IntoTheBlock, the net flow rate of Toncoin among whales has dropped by a staggering 97.05% over the past week. The sharp drop in net flow suggests that whales are selling more tokens than they are buying, which could put additional downward pressure on the token’s price.
Let’s look at the legendary experience of Telegram’s founder and interpret the value of Ton to Telegram
Original title: Telegram founder: Taking "freedom of speech" as his mission, considering Musk as a comrade-in-arms, and building a profit model based on TON
Original author: starzq.eth
Original source: x.com
Compiled by: Mars Finance, Daisy
Telegram founder: Taking "freedom of speech" as his mission, considering Musk as his comrade-in-arms, and building a profit model based on TON
When I was discussing the TON ecosystem with @realyanxin last week, he recommended that I must read the interview with Telegram founder Pavel Durov this year. After reading it, I can deeply understand Telegram's mission, the value of TON to Telegram, and why he wants to bullish the TON ecosystem, because TON is indeed an indispensable part of Telegram.