Crypto Market Analysis: BNB Resilience, Solana Fall and XRP Challenges
$BTC $ETH $BNB #Binance #Bitcoin #Ethereum #SEC #Ripple https://bitcointradecryptoesp.blogspot.com The cryptocurrency market has seen a number of significant moves in recent hours, with some assets showing notable resilience in the face of the widespread downtrend. Circle's USDC Market Cap dominance has increased to 1.5%, posting gains of 20% in the last month, 7% in the last week, and an impressive 4% in the last day. However, despite this growth, USDC is still far from the 5% dominance held by Tether, the main stablecoin in the market, which has increased its dominance by 23% in the last month.
Analysis of Bitcoin's behavior shows signs of a possible deeper correction on the horizon. Over the past few weeks, we have seen a pattern of closes below $69,000 in the weekly series, indicating a continued bearish trend. In the daily series, the price has missed the medium-term target of $63,387 and is approaching the level of $60,769. Furthermore, on the four-hour chart, we have observed closes below the level of 61,800, which increases the probability of a continuation of the corrective phase towards $56,750.
Australia's rise: Over 1,000 Bitcoin ATMs and on track to approve ETFs
Australia has reached a significant milestone in the world of cryptocurrencies by surpassing 1,000 Bitcoin ATMs in operation. This figure puts Australia on par with powerhouses like the United States and Canada in terms of cryptocurrency infrastructure.
As of April 24, Australia hosts an active network of 1,002 Bitcoin ATMs, representing 2.7% of the global network. This expansion has been largely driven by businesses.
This milestone marks a significant change in the perception of Australia as a market for cryptocurrency ATMs, as it had historically been a relatively dormant market in this regard.
With this rapid expansion, Australia is well positioned to continue growing in the cryptocurrency market and could even overtake Europe in terms of the number of Bitcoin ATMs in operation.
Additionally, the recent announcement that the Australian Stock Exchange (ASX) will list the first batch of spot Bitcoin ETFs demonstrates a continued rise in institutional cryptocurrency adoption in the country.
With issuers such as Van Eck Associates Corp. and BetaShares Holdings Pty preparing to go public, Australia joins the growing list of countries leading the way in the world of cryptocurrency investing.
ASX Ltd. is expected to approve these Bitcoin ETFs before the end of 2024, which could trigger a significant asset flow into these new products, including self-managed pension assets.
In summary, Australia is demonstrating substantial growth in its cryptocurrency infrastructure and adoption, positioning the country as a major player in the digital financial world.
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Great news! 🗞 Two prominent Korean🇰🇷 exchanges, @upbitglobal and @BithumbOfficial, have recently reduced eCash withdrawal fees from 1000 $XEC to 500 $XEC! 👏👏 🎯 https://t.co/GhR6ZryKWl
$FLOKI has just been listed on M2, a regulated cryptocurrency trading platform serving both institutional and retail investors! 🔥 @M2Exchange was founded in the United Arab Emirates and is licensed by the Financial Services Regulatory Authority of Abu Dhabi, as well as regulated and authorized by the Securities Commission of The Bahamas. This is a significant milestone for #Floki adoption as we strive to become the world's most known and used cryptocurrency—and this listing introduces Floki to a key audience in the Middle East and Arab regions.
According to CryptoPotato, key indicators such as increased social engagement and significant withdrawals of Shiba Inu (SHIB) from exchanges suggest a possible bull run for the meme coin. The aggressive token burning of SHIB and the progress of its Shibarium layer-2 blockchain solution could also contribute to a positive market performance.
Despite the cryptocurrency market's ongoing recovery from the recent correction, Shiba Inu's price has only increased by 1% in the past 24 hours. However, several important metrics suggest that the meme coin might be preparing for another significant rally, similar to the one seen at the beginning of March.
The social intelligence company LunarCrush identified four factors that could drive such a movement. The first is the increasing social activity surrounding Shiba Inu, which is among the most trending cryptocurrencies due to the large number of SHIB investors and the hype around the asset. It has the strongest community in the meme coin realm, followed by Dogecoin (DOGE) and Pepe Coin (PEPE). Rising price action and accelerating market volume were also noted.
LunarCrush also highlighted that SHIB has a strong 'LunarCrush AltRank' of 2, a significant improvement from the previous figure of 98. This key metric includes various indicators such as market volume rank, social volume rank, percent change vs BTC, and social score rank.
Another factor not explored by LunarCrush is SHIB's exchange netflow. Data from CryptoQuant shows a significant outflow of SHIB from exchanges in the past week. This shift from centralized platforms to self-custody methods could be seen as bullish as it reduces immediate selling pressure.
Other factors to consider include the resurgence of Shiba Inu's burning program and the further development of its layer-2 scaling solution, Shibarium. Last month, the team behind the asset removed over 15.5 billion tokens from circulation, a 2,300% increase compared to February. Additionally, Shibarium reached another milestone on April 3 when the total number of blocks on the network exceeded 4 million. This feature aims to elevate SHIB above its rivals in the meme coin realm by reducing fees and improving speed.
Did you know that the number $DOGE follows the "7-year cycle" pattern? This is true; We see similar price movements as in previous cycles.
When the value of $DOGE was $0.0007 in 2017, who would have thought that it would rise to $0.003, $0.009, and eventually reach $0.35? And guess what? Today we are sitting at $0.22. As before, many may doubt that DOGE can reach $2, $9 or even $40. But remember, history repeats itself. Don't miss the opportunity to achieve success on the DOGE wave! 🚀
$FLOKI joins #Binance Pay, expanding global merchant and service utility
Over 12 million users may use FLOKI to pay Binance app vendors for flights, hotels, gift cards, and cell top-ups. It's exciting that #FLOKI to buy luxury cars at the LG Group in France, properties at Bin Faqeeh Bahrain, hotels or flights at Travala, shop at Farfetch and leading French department stores, pay at up to 5000 POS terminals in Bahrain, and pay in supermarkets and pharmacies.
With Binance, quick, safe, and borderless payments are possible. Binance Pay lets us pay friends and family $FLOKI, another clever function. FLOKI may be bought on Binance, a centralized crypto exchange.
FLOKI, the people's crypto, powers Valhalla NFT Metaverse, Floki Finance, and more. FLOKI, the FLOKI utility coin, is powered by Ethereum and BSC.
FLOKI's path from meme to aspiration was always entertaining and inspirational. FLOKI, Dogecoin20, Hectic Turkey, Pikamoon, Sponge, and Smog are top meme currencies by market cap. Since Binance is a prominent crypto brand, FLOKI will profit from its strategic cooperation with Binance Pay. Binance Pay is Floki's main crypto payment source, and both parties will benefit from dependability, convenience of usage, and brand awareness.
Binance Pay is proud of its 17 million users, and Floki's strong relationships with top football companies make it a notable crypto brand. FLOKI and Binance Pay's relationship is excellent. FLOKI may have over 420000 BNB and Ethereum holdings. Crypto lovers are pleased that Binance Pay now accepts FLOKI for merchant and service payments. Our strategic relationship with Binance Pay seeks to increase FLOKI usage via marketing.
FLOKI's payment token usefulness is enhanced by its strategic relationship with Binance Pay. FLOKI, Bitcoin, Polygon, Shiba Inu, and Baby Dogecoin are among the most sought-after cryptocurrencies. Floki's new retail outlet used Binance Pay as its main crypto payment method. Binance Pay will promote Floki's retail store marketing to millions of Binance App users.
$FLOKI has been in the spotlight recently due to an exciting update in its development.
The FLOKI development team has announced the launch of a revolutionary new feature that promises to improve the functionality and utility of the coin. This update includes improvements to the security, scalability, and accessibility of the platform, which could further boost its adoption and position in the cryptocurrency market.
It has secured a strategic partnership with a leading company in the cryptocurrency space, which will open new growth and expansion opportunities for the coin. This partnership is expected to increase FLOKI's visibility and strengthen its position as one of the leading cryptocurrencies in the market.
What does this mean for investors?
This latest news about FLOKI is a clear sign of the development team's commitment to continuous improvement and advancement of the project. It demonstrates its strong commitment to innovation and growth in the competitive world of cryptocurrencies.
I would start saving coins before the rocket takes off 🚀
The Cryptocurrency Inspired by a Meme That Conquers the Financial World
Although it emerged in 2013 as a joke inspired by the "Doge" Internet meme. And despite its humorous origin, it has gained popularity in the cryptocurrency market, thanks to its active and engaged community.
Recently, Dogecoin has seen an increase in its market value, leading to speculation about an uptrend. Its inclusion in online discussions and the participation of public figures such as Elon Musk have contributed to its growing media interest.
Although its future is uncertain and its value may be volatile, Dogecoin remains an intriguing cryptocurrency that deserves the attention of investors and enthusiasts. #DOGE🔥🔥 #Binance
$FLOKI The cryptocurrency has suffered a drop in price, like many other cryptocurrencies, but this drop in prices only shows us that the trend continues to be bullish.
The current forecast for Floki Inu is entirely bullish, with a possible expected price increase of 40% over the next five days.
Binance Exchange announced the new#launchpoolproject#ETHENA($ENA ).
Participating in Binance Launchpools offers users the opportunity to gain early access to new token projects and earn additional income by staking these tokens. This can also allow users to diversify their portfolios and take advantage of potential advantages.