In 2024, while bitcoin and Ethereum get crypto-based ETFs, Solana and Ripple (XRP) attract the attention of speculators. In this context, Polygon has been somewhat relegated to the background. However, the rise of MATIC whales could reverse this trend. Increased whale activity suggests renewed confidence in Polygon's long-term potential. These strategic moves can also influence other investors to follow suit, creating a snowball effect. Additionally, with the continued development of its ecosystem, #Polygone is positioning itself to compete with market leaders like Bitcoin. As we observe these fascinating developments, several questions remain unanswered. Will Polygon manage to capitalize on this increase in whale activity? Is MATIC’s long-awaited turnaround finally within reach? And above all, what will be the next steps for this promising asset in a constantly evolving market? Ultimately, the crypto world is unpredictable and exciting. Each new trend, each whale movement, can transform the landscape in the blink of an eye. Stay tuned, because the coming months could well have other big surprises in store for us. Meanwhile, the Supreme Court redefines the framework for crypto regulation.#Binance BTC
#Binance a Update on recent removal of spot trading pairs from Binance
According to the latest announcement, starting June 14, 2024, 04:00 UTC+1, the following spot trading pairs will no longer be available:
ALPACA/BTC
MDX/BTC
NFP/TUSD
QUICK/BTC
XAI/BNB
Additionally, it is important to note that in these pairs, $BTC , TUSD, $BNB serve as quote currencies, that is, they are used to measure the value of the base currencies. Alpaca Finance (ALPACA), Mdex (MDX), NFPrompt, QuickSwap (QUICK), and xAI (XAI) appear to have lost popularity among users of Binance.However, the removal of the pairs mentioned above does not affect availability aggregate of individual tokens on Binance Spot. Users can therefore always exchange these tokens for other pairs available on the platform. For example, ALPACA, MDX, NFP, QUICK and XAI can be exchanged for other cryptocurrencies like USDT , $ETH or directly against fiat currencies, if available. The move is part of Binance's commitment to providing a seamless trading experience. By removing pairs with low liquidity and trading volume from the list, Binance aims to protect users from potential market inefficiencies and ensure a more seamless exchange experience. Low liquidity can lead to greater volatility and slippage, which can result in significant losses for traders. This delisting follows #Binance 's regular examination practices, which evaluate various factors, including trading volume, liquidity and compliance with security standards. In addition to the delisting, Binance will also be terminating its Spot Trading Bots services for the aforementioned pairs at the same time.
#Binance Crypto: The warning signs of an Altcoin season # The crypto sphere is evolving, and each new season brings its share of surprises and opportunities. Recently, warning signs suggest that we may be on the cusp of a new altcoin season. Are the indicators favorable? Answers in this article.A rise in Bitcoin: Precursor of an altcoin season?
$BTC could soon come out of its torpor. At the start of the week, its price hovered around $67,700. The lack of trading volume and speculative interest suggested that the flagship crypto was not ready for a strong uptrend. However, the situation has started to change over the past 24 hours. According to data from Farside Investors, Bitcoin ETFs saw an inflow of $886 million on Tuesday, June 4. This massive buying level could trigger a major shift and spur speculators and investors into action. An influx of funds into Bitcoin ETFs may be a harbinger of renewed interest in cryptocurrencies in general. Indeed, altcoins could well benefit from it.
An analysis of crypto transaction volumes
The recent influx into ETFs $BTC could be interpreted as a wake-up call for the crypto market.
Bitcoin abruptly fell below $68,000, triggering a massive sell-off that affected over 75,000 traders. This unexpected tumble comes against a backdrop of significant outflows from Bitcoin ETFs and growing economic uncertainties, fueled by anticipation of US inflation data and the imminent meeting of the Federal Reserve. Bitcoin plunges below $68,000
Bitcoin, the queen of cryptos, suffered a severe correction, falling in just a few minutes from nearly $70,000 to $67,500, its lowest level since June 3. This rapid drop resulted in the liquidation of more than 75,000 traders, with total losses estimated at around $170 million. Most of these liquidations involved long positions. crypto for everyone
Meanwhile, Bitcoin ETFs saw net outflows of $64.9 million after 19 days of positive flows. The Grayscale Bitcoin Trust was particularly hard hit, with an outflow of $39.5 million, followed by the Invesco Galaxy $BTC $ETH with $20.5 million. In contrast, some ETFs, such as the Bitwise Bitcoin Fund and BlackRock's iShare Bitcoin Trust, saw modest inflows of $7.6 million and $6.3 million respectively.
Anticipation of US inflation data
The recent fall in Bitcoin comes against a backdrop of strong anticipation of crucial economic data in the United States, particularly those related to inflation. Analysts forecast a 0.1% increase in the Consumer Price Index (CPI) for May, following a 0.5% increase in April. This slight increase would bring annual inflation to 3.4%, while core inflation, which excludes volatile food and energy prices, is expected to increase by 0.3%.
In the cryptocurrency market, periods of declines can seem discouraging to some, but they often represent strategic times for investors looking to capitalize on undervalued assets before the next bullrun. Given the excitement surrounding the potential return of bull markets, it is crucial to identify cryptos that are not only resistant to the downtrend, but also have solid prospects for growth.
Vienna AI
Wiener AI is revolutionizing the cryptocurrency market by merging meme culture with advanced artificial intelligence. Represented by a playful mascot, a robot sausage dog named Wiener, this cryptocurrency captures attention by combining fun and technology. Since its presale began, Wiener AI has already raised over $5.38 million, and its native token WAI, currently valued at $0.000717, is poised to see its price increase exponentially as the approach approaches of the threshold of $5.6 million. The heart of the Wiener AI project lies in its AI trading robot, designed to analyze massive volumes of data to deliver optimized trades to users, thereby facilitating winning trading opportunities. Users can interact with this robot to find the best opportunities of the market, with instant execution of transactions without fees and suitable even for novices. Additionally, Wiener AI has established a rewards system for its community through staking, currently offering an attractive annual interest rate of 207%, although this rate decreases as the staking pool fills up. The pre-sale has adopted a tiered growth model to ensure a gradual increase in prices.
#$ETH Crypto: Investors are accumulating Ethereum before the next price surge
As the price of Ethereum oscillates around a crucial level of resistance, savvy investors are seizing this final opportunity to accumulate the crypto before its price potentially soars. Indicators are converging to suggest that a powerful bullish rally could begin shortly.
A crucial resistance level to overcome
The crypto market frequently holds exceptional opportunities for the savviest investors. This is precisely what is currently looming on Ethereum ($ETH ). Although the crypto is currently experiencing a decline of around 2%, this correction phase could represent the last window to position itself at a lower cost before a potential major rebound, according to recent analyses. Indeed, if the price of Ethereum manages to cross the key resistance located around $3,700, it could trigger a powerful bullish rally, according to renowned analyst Milkybull. The expert even emphasizes that this price zone could constitute the last window to strengthen in $ETH at relatively low levels during the current bullish cycle. Technical indicators seem to corroborate this scenario with increasing signals in favor of strong latent buying pressure. In support of this thesis, the Coinbase Premium Indicator for Ethereum shows a sustained downtrend, suggesting low selling pressure among US investors, often seen as a reliable barometer of upcoming trends. Although the crypto is currently undergoing a pullback of around 2%, this correction phase could represent the last window to position yourself at a lower cost before a potential major rebound, according to recent analyses. Indeed, if the price of Ethereum manages to cross the key resistance located around $3,700, this could trigger a powerful bullish rally.
$#Binance Memecoins are hyper-volatile cryptocurrencies that mainly depend on the hype of the moment. Their earning potential, when all the stars are perfectly aligned, is enormous. Discover the 9 assets in the sector to favor for a return of 24,900%.
1. $Katana Inu (KATA): the AAA on-chain game
Katana Inu (KATA) is a memecoin embedded in a play-to-earn Battle Royale game. It combines elements of DeFi and GameFi. The game features realistic graphics, 3D characters, and weapon models that can be minted as NFTs. In Katana Inu, players can hunt, find loot to sell, and participate in monthly tournaments. The project also has an NFT marketplace to exchange in-game items such as skins and special powers. Its native crypto is KATA. It fits into the narrative of memecoins, but also that of gaming and could well explode in a few months.
2. Super Trump (STRUMP): Trump support on the rise despite a less euphoric market
Super Trump Coin is another cryptocurrency that pays homage to Donald Trump. The project is purely for speculative purposes and brings together supporters of the 45th POTUS. The project's native crypto is STRUMP. Super Trump Coin is another cryptocurrency that pays homage to Donald Trump. The project is purely for speculative purposes and brings together supporters of the 45th POTUS. The project's native crypto is STRUMP.
While the year 2024 is now well underway, certain cryptocurrencies have already experienced great success. This is particularly the case for RWA (Real World Assets) cryptos, which, like AI cryptos or meme coins, have also had their moment of madness, and in the future, this moment could be repeated. After all, this narrative also proved its worth with tokens that were a hit when the crypto market took off.
The best RWA (Real World Assets) cryptos have also achieved astonishing performances with more than 1,000% (since January 1, 2024) gained in the best cases. While altcoins in this category have been widely talked about them, some names might be less familiar to you. For example, Mantra (OM) has managed to make a name for itself in the sector by becoming one of the best representatives at the same time. The asset thus managed to reach a new record high during the spring. However, this token is not the only good student, since cryptocurrencies like ONDO, TOKEN or PENDLE have also started 2024 with a bang. These tokens have benefited from unparalleled hype with the arrival of BlackRock in the sector. Indeed, the fund management company has decided to open a digital fund with $100 million on Ethereum. As a result, this has encouraged RWA tokens to take off again. For this list of promising tokens, we will prioritize RWA tokens by market cap more than by potential, starting with the tokens that capitalize the most. Despite everything, projects with lower market capitalization and therefore more risky will also be included in this list.
Pepe is the only meme coin on this list, earning his spot thanks to his remarkable growth rate. Inspired by Pepe the Frog, a beloved meme in the crypto community, Pepe coin saw its price rise to $0.00001445, representing an 81% increase over the past 30 days. Following the announcement of the approval of the Ethereum spot ETF, Pepe rose by over 50% and reached a market capitalization of $6.8 billion. However, when the initial craze faded, its value fell back to $6 billion. To reach a market cap of $10 billion, Pepe would need to rise 66% from its current price.
Uniswap, considered the pioneer of decentralized exchanges (DEX), holds a special place in the crypto industry. UNI, the governance token of the Uniswap DAO, was distributed to users in September 2020. Currently valued at $10.67, UNI has surged 45% over the past 30 days. With a market capitalization of $8 billion, Uniswap is only 25% away from the $10 billion mark. Despite dominating the DEX sector, Uniswap developers continue to innovate. Recently, Uniswap surpassed PancakeSwap in terms of daily active users by expanding its services to other low-fee chains such as Binance Smart Chain (BSC) and Base L2. #Binance
Near Protocol is a proof-of-stake blockchain that uses Nightshade technology to develop decentralized applications (dApps). Although Near's price has moved sideways for a while, reaching a peak of $8.51 over the past month, it holds a market cap of $7.99 billion. NEAR only needs a 25% rally to reach a $10 billion valuation. Grayscale Investments recently launched the Grayscale Near Trust, which is dedicated exclusively to investing in NEAR. This support signifies a win for the project and could potentially push its market capitalization beyond $10 billion as trading progresses.
As the altcoin market extends its rally from last month, three artificial intelligence (AI) tokens emerged as major winners during this first week of June trading.
These AI cryptos, TokenFi (TOKEN), HyperGPT (HGPT), and Bad Idea (BAD), all look set to continue their rally over the weekend.
TokenFi (TOKEN) sees increasing demand
TOKEN is the cryptocurrency that powers TokenFi, a protocol allowing its users to create tokens or tokenize real assets. Over the last seven days, the price of TOKEN has increased by more than 27%. At the time of writing, the altcoin is trading at $0.17. An assessment of the token’s price movements on a daily chart confirmed that buying activity continues to outpace profit-taking among TOKEN holders. At the time of writing, its Relative Strength Index (RSI) was in an uptrend with a value of 70.43. Its Money Flow Index (MFI) was 76.44, following a similar trajectory. The RSI and IMF are momentum indicators that allow traders to assess the price dynamics of an asset and identify potential buying and selling opportunities. With these values, these indicators showed that the TOKEN buying pressure was particularly important.
Solana (SOL) has quickly established itself as a leading smart contract platform, known for its high transaction speeds and low costs. This blockchain has positioned itself as a formidable competitor to Ethereum, attracting a growing number of developers and decentralized applications (dApps). In 2024, Solana is poised for significant growth due to several key developments. Blockchain's recent performance shows resilience and potential for new all-time highs. Solana price action has been characterized by a “Pullback in Uptrend” pattern, suggesting strong bullish momentum. Analysts predict that Solana could break through critical resistance levels, providing lucrative opportunities for investors. Solana's technological advancements and robust ecosystem continue to drive its adoption. The platform's scalability and efficient consensus mechanism (Proof of History) make it an attractive choice for high-frequency trading and decentralized financial (DeFi) applications. With continued developments and a strong community, Solana remains a leading contender in the crypto space.
Bitcoin (BTC) remains the flagship cryptocurrency, often referred to as digital gold. Its market dominance and historical performance make it the cornerstone of any serious crypto portfolio. Recently, famous financial author Robert Kiyosaki predicted that Bitcoin could reach $100,000 by June 2024. This bullish outlook is supported by several factors. First, bitcoin is showing signs of a major breakout from a symmetrical triangle, a bullish technical indicator. According to analysts, this configuration could propel the price of bitcoin between $74,000 and $75,000 in the short term. Additionally, increased demand for Bitcoin ETFs has significantly boosted market confidence, with substantial net inflows indicating strong buying-side pressure. Additionally, bitcoin's role as a hedge against inflation and economic instability continues to attract institutional investors. Bitcoin's halving in 2024 is also expected to reduce supply, which could push prices higher if demand remains strong. All of these elements make bitcoin an essential asset to watch in 2024.
$BTC , the first and most famous cryptocurrency, is about to undergo a major transformation. Starkware, a pioneer in zero-knowledge systems, recently announced plans to use its innovative technology to improve the scalability of Bitcoin. This initiative promises to revolutionize the Bitcoin protocol and open up new possibilities for developers and users. Let's explore this technological revolution and its implications for the future of $BTC The first stages of Innovation
Starkware is not a newcomer to the cryptocurrency space. Historically active in the Ethereum ecosystem, Starkware has now turned its attention to $BTC . Their STARK technology, built on zero-knowledge proofs, could transform the way Bitcoin is used and developed. #Binance
#Binance While the month of May was marked by significant token releases on several major projects, the trend is expected to continue in June. Several events of this type are expected this month, with a significant potential impact on the prices of the cryptocurrencies concerned. Token unlocks expected for June: $600 million released
June is shaping up to be a crucial month for crypto investors, with several important token unlocks that could have a significant impact on the price of the tokens concerned. This is the case of Arbitrum (ARB) or Aptos (APT) for example, 2 projects which will release tokens within a few weeks.$BTC
Under the scrutiny of new crypto regulations, Binance is preparing for a major clean-up operation in Europe. Stablecoins that do not comply with the MiCA (Markets in Crypto-Assets) regulation will have to leave by the end of June. It seems that #Binance has learned his lesson: any initiative bordering on insolence towards the financial police could cost him dearly. Even if it means depriving oneself of the talents of a person as skillful as Changpeng Zhao at the head of its board of directors It is in this spirit of diligent good student that Binance recently published on its blog some details on the adjustment of the stablecoins listed on its platform, once the MiCA regulation comes into force within 24 days. “From June 30, 2024, stablecoins will be regulated in the EEA, which in practice means that only certain regulated companies will be able to issue and offer stablecoins to the public (these stablecoins will be called 'regulated stablecoins'),” specifies the Binance team. After this fateful date, “unregulated stablecoins” will be subject to progressive restrictions for investors living in the European Economic Area (EEA). However, Binance did not provide any additional details on these stable cryptocurrencies, with the notable exception of Tether's USDT: “Binance will not delist USDT as of June 30, 2024,” we can read in the press release.
Other crucial information to remember:
The goal of Binance management is to limit access to stablecoins that do not comply with the MiCA regulation.
Traders will be able to use the platform's Convert features after June 30 to exchange unregulated stablecoins for other regulated stablecoins, bitcoin or other cryptocurrencies of their choice.
Custody services for these assets will be maintained, allowing holders to withdraw them
The cryptocurrency market recovered overnight and so did Shiba Inu. An artificial intelligence sets a price target for the end of the month.
The SHIB has a wonderful evening and takes off
While the cryptocurrency market is returning to more than positive territory, artificial intelligence has indulged in predictions about Shiba Inu. A project which also saw its native token, SHIB, have a very pleasant evening. Indeed, since the same coin is one of the big winners of the day. SHIB/USD – CoinMarketCap. The price of SHIB benefited well with an impressive increase of 7.89%. As a result, the SHIB price rose to a price of $0.000026. The first signals are positive at the start of June, but it will also be necessary to monitor the price movements of $BTC . But even if the SHIB is not targeting an ATH like $BNB for the moment, a price increase should be considered. #Binance #Metaverse #NFT
Cryptocurrency exchange platforms such as #Binance # have always had security issues. Recently, the Binance platform suffered a new setback from hackers who, exploiting an unsuspected security flaw, managed to empty the accounts of numerous traders.$BTC
A costly hack made possible via a Google Chrome plugin
This story was revealed to the public by a Chinese trader who took the opportunity to alert the community about the risks associated with using insecure plugins. This trader lost a million dollars due to a hack that took place via a free Chrome plugin called Aggr. This plugin, which lacks a security system, recorded its users' cookies, which allowed hackers to take password verification and 2FA to break into the trader's Binance account.
$$BTC #Binance This is no longer news: the cryptocurrency market experienced a positive resurgence in May. This has driven many altcoins to new highs. Over the past 30 days, the global cryptocurrency market capitalization has jumped 17%.
However, as June dawns, some cryptocurrencies are poised to decline. Assets such as Cardano (ADA), Bitcoin Cash (BCH), Axie Infinity (AXS) and The Sandbox (SAND) have thus experienced a growth in bearish sentiments. As a result, this exposes them to risks of short-term losses.
Cardano (ADA) bears in a strong position
At the time of writing, Cardano is one of the cryptocurrencies currently under threat. The asset is trading at $0.44 after its price peaked at $0.50 on May 21, before falling 12% thereafter. Its Awesome Oscillator (AO) confirmed a trend in ADA token distribution. Indeed, because the indicator returned red histogram bars. This indicator measures Market Momentum and identifies an asset's current trend and potential price reversal points. When an asset's AO shows red bars, its Short-Term Momentum is falling faster than its Long-Term Momentum. Red bars generally indicate an increase in selling pressure and suggest a future drop in prices. As a reminder, the ADA AO has only returned red bars since April 1. This suggests that the bearish bias has dominated the price of this asset for more than 60 days. Read more: How to buy Cardano (ADA) and everything you need to know Cardano analysis. Source: TradingView If selling pressure continues to intensify, ADA price could fall to $0.40. The last time the asset traded at a similar price was in December 2023.
The well-hidden Bitcoin Cash (BCH) bulls
The price of Bitcoin Cash (BCH) has collapsed by more than 10% in the last ten days.