How to Choose a Prospective NFT Project: A Comprehensive Guide Choosing a prospective NFT project is a task that requires careful analysis and understanding of the market. Here are some key factors to consider: 1. Project Team: * Experience and Reputation: Research the development team, their previous projects, and achievements in the field of blockchain and cryptocurrency. * Advisors: Having well-known experts and investors on the team can increase the credibility of the project. * Social Activ
The cryptocurrency market crash is a complex phenomenon caused by a number of factors:
1. The US Federal Reserve’s interest rate hike, which has led to capital flight from risky markets, including cryptocurrencies.
2. The negative geopolitical situation, including the military conflict in Ukraine, which is undermining investor confidence.
3. Problems with individual cryptocurrency projects and platforms, such as the collapse of TerraUSD and LUNA.
4. General uncertainty and volatility, typical of a young and unregulated cryptocurrency market.
In such a situation, it is important to maintain restraint and a long-term approach. Sharp speculative actions in conditions of high volatility are risky. Instead, I would recommend:
- Diversifying a portfolio by investing in a wide range of crypto assets, rather than betting on one or two coins.
- Adhering to a strategy of averaging the cost of entry, gradually accumulating positions.
- Focus on fundamentally strong projects with a long-term perspective, rather than chasing short-term trends.
- Take profits periodically, but do not try to guess the market bottom.
The main thing is to maintain discipline, calm and a long-term view. The cryptocurrency market remains highly volatile, but also highly profitable in the long term for patient investors.
Post about #MarketDownturn to win up to 1000 USDC!
Participate in our #MarketDownturn campaign for a chance to win up to 1000 USDC! Share your thoughts on the crypto market drop, its causes, and your strategies for making the most out of it. Let's stay strong and navigate this market together! Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)
To Participate: Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square. Include: Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations. Make sure your post has a minimum length of 200 characters.
Guidelines: Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.
Winner Selection: Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.
Terms and Conditions: This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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BONK Price Rise Sees Meme Coin Overtake FLOKI 🚀🚀🚀🚀🧧🧧🧧
$BONK $FLOKI
Last week, BeInCrypto’s technical and on-chain analysis predicted that Bonk (BONK) was looking to reach $0.000025. But that was not the end, as the meme coin went further and surpassed the prediction.
Amid its recent increase, something else has happened, and a deeper analysis hints at a surprising revelation.
Volatility Rises as the Solana Meme Coin Overtakes FLOKI
According to CoinGecko, Bonk’s market cap was about $1.49 billion on July 1. Around the same time, Floki (FLOKI), another meme coin, had a market cap of $1.62 billion. Fast forward to today, things changed, as BONK’s market cap hit $1.73 billion while FLOKI’s was lower at $1.70.
The rise in the market cap can be linked to BONK’s price performance since the market cap is a product of price and circulating supply. At press time, the price has increased by 10.50% in the last 24 hours.
This is higher than FLOKI, which is a 3.58% hike. Following the price increase, Santiment data shows that volatility around BONK has spiked. Specifically, the on-chain analytic platform put the one-day volatility at 0.042. Volatility indicates how quickly prices can move within a short period of time. If accompanied by buying pressure, high volatility can help the value of a token surge to incredible levels. However, if selling pressure is intense during high volatility, the price can crater in a flash. In BONK’s case, the price may continue to jump if buyers do not rest on their oars.
If this were the case, it would have marked the end of BONK’s uptrend as it is bullish-to-bearish. However, since the pattern is inverse, it means that the trend is bearish-to-bullish. Therefore, BONK’s price may reach head toward $0.000031 if buyers decide to sustain the momentum.
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My favorite token on Binance is BNB (Binance Coin). BNB is a token from one of the world's largest cryptocurrency exchanges. It offers many benefits such as discounts on commissions, access to launchpads, and other exclusive features of the platform. Due to its usefulness and the constant development of the Binance ecosystem, BNB is one of my favorite tokens.
BNB is the token behind one of the world's largest cryptocurrency exchanges. It offers many benefits such as discounts on commissions, access to launchpads and other exclusive features of the platform. Due to its usefulness and the constant development of the Binance ecosystem, BNB is one of my favorite tokens.
Artificial intelligence calculated the price of Bitcoin on November 1, 2023
The 16th price of Bitcoin (BTC) has shown a statement of 10% and the cost of $ 29,900, the most out of the city with 202. It was only possible to get together for the most part, when the fact-seeking information is on the basis BIRSTACTIONS OF COMMUNICATION OF THE CONSIDERATION OF THE COMPOSITION OF THE COMPOSITION OF THE BIRTH BITKO-FOND (ETF). In fact, the most important information was made up of the problem of the Pricepredictions, they were able to make a price for bitcoin on 1 non-box. In
Bitcoin wallets from ten years ago have woken up: they are moving tens of millions of dollars.
October Revival: Decade-Old Bitcoin Wallets Awaken, Moving Over $50 Million in Vintage BTC,One of the most exciting transactions of the week involved 860 BTC — worth just over $24 million at current exchange rates — split between 86 different wallets. Interestingly, all of these wallets came to life nine years after their creation, on January 3, 2014. On October 4, 2023, each of them transferred 10 BTC, scattered across blocks of different heights. There is undeniable confidence that these wal
Cold and hot wallets: the difference, advantages and choosing the best option"
Introduction: In the world of cryptocurrencies, secure storage of digital assets is critical. There are different types of crypto wallets for this, including cold and hot wallets. In this article, we will look at the difference between cold and hot wallets, their advantages, and help you choose the most suitable option for protecting your cryptocurrency assets.1. What is a cold and hot wallet: - Definition and main purpose of cold and hot wallets. - How they differ in the method of storage and
Everything you need to know about crypto wallets: security, types and choosing the best option
Introduction: In the world of cryptocurrencies, storing and managing digital assets plays an important role. Crypto wallets, or digital wallets, provide the user with the ability to securely store, send and receive cryptocurrencies. In this article, we'll cover the basics of crypto wallets, including wallet types, security, and choosing the best option for your needs.1. What is a crypto wallet: - Definition and main purpose of crypto wallets. - Difference between cold and hot wallets.2. Types