Cardano's price surge is expected beyond $1 as the cryptocurrency shows bullish signs, with analysts predicting a retest of the $1 mark soon.Cardano, the eighth-largest cryptocurrency by market capitalization, is currently showing bullish signs on its 1-day time frame, with a trading price of $0.606351. Despite a slight 0.28% decrease in the last 24 hours, the digital currency’s trajectory suggests a potential retest of the $1 mark in the near future.Cardano’s journey in 2023 was remarkable, achieving a 150% surge and touching a yearly high of $0.67 twice last month. This growth mirrors the expansion in its ecosystem. Minswap, Cardano’s top Decentralized Exchange (DEX), saw an incredible 26,000% increase. Additionally, JPG Store, the leading Non-Fungible Token (NFT) platform on Cardano, welcomed over 16,540 new addresses.Analysts Views on Cardano’s FutureCrypto analyst LuckSide points out Cardano’s critical resistance zone between $0.60 and $0.67. He proposes two scenarios: an upward surge to the $0.70 range or a potential dip to $0.40. Despite regulatory challenges, including being labeled a security by the US SEC, the analyst’s outlook for 2024 remains positive.Dan Gambriello, another prominent analyst, emphasizes Cardano’s dependency on Bitcoin’s market movement for significant gains. He notes ADA’s breakout from a crucial symmetrical triangle, projecting a potential target of $0.80. However, he cautions about the resistance posed by the 200-week moving average, which could act as a major hurdle or a confirming indicator for Cardano’s upward momentum.The cryptocurrency’s 50-day moving average is trending upward, potentially supporting future interactions. The 200-day moving average, currently below the price, might also support a continuing bullish trend. The Relative Strength Index (RSI) remains in the 50-60 neutral zone, indicating a stable trend.Cardano Exhibits Bullish Potential as Bulls Aim $0.070In the recent 2-hour Cardano (ADA) chart, a tug of war is evident between the bears trying to push the price below $0.5896 and the bulls defending this level. Despite the bearish attempts, buyers have consistently provided enough support at this zone. ADA opened the trading session bullishly, maintaining its stand above the $0.600 level. This bullish trend was further solidified as the bulls rebounded, creating a price swing from an intraday low. The Cardano price then recovered to the supply zone at $0.605. ADAUSD formed several double bottoms, indicating a stable yet low price change. Parabolic SAR dots below the price level suggest an underlying bearish sentiment in the market. However, the ongoing struggle between bears and bulls to control ADA’s pricing remains unresolved, with the bulls are having the upper hand.ADA/USD 1-Day chart | TradingViewThe previous hour saw a significant shift in momentum as bulls gathered strength, successfully breaking above minor resistance at $0.70. Following this breakout, the price of ADA rose steadily, reaching an intraday high of $0.6065. This bullish trend is further confirmed on the 4-hour chart, where the consolidation around the $0.605 supply zone is a crucial entry point for potential buyers. This could increase prices above the SMA 20 at $0.6112. Conversely, if the bulls fail to maintain their momentum, ADA’s price might return to its primary support at $0.560. A breach of this support level could lead to a further drop to $0.5112, aligning with the EMA 50 and potentially signaling a downtrend for Cardano.Remember: Your generous vibes power our mission! 🌟Help us serve you better with your awesome tips and keep the Binance spirit alive.🚀And as a gentle reminder, let's keep the Binance love alive by respecting sensitive data and avoiding any negativity without basis. Constructive criticism? Bring it on!🤝#2024withBinance #BinanceTournament #priceprediction #Osmy_CryptoZ

The Solana Foundation, the institution in charge of managing initiatives related to the Solana network, has announced it will expand to Brazil. According to local reports, the organization plans to launch a local team and invest over $10 million in several Web3 fields, including tokenization, artificial intelligence, and art.Solana Foundation Announces Expansion to BrazilSolana is in the middle of expanding its reach into Brazil. The Solana Foundation, the non-profit institution that supports Solana-related initiatives, has announced that it will launch in Brazil this year, opening a local group and different investments in several Web3 fields.According to local reports, the organization will launch a “superteam” in Brazil, a group dedicated to developing apps on top of the Solana blockchain, taking advantage of its low fees and scalability. The foundation has implemented these groups in seven countries and Brazil, providing paid work and opportunities for 700 members and thousands of users who participated in Solana’s hackathons.The organization reported it will invest over $10 million in different areas of the Brazilian Web3 ecosystem, including art, tokenization of assets, and artificial intelligence (AI). Solana saw Brazil as one of its priority markets for expansion in 2024, choosing these areas as interest fields for core investments.Diego Dias, the head of the Brazilian and Latam group, states that these superteams started as decentralized autonomous organizations (DAOs), having morphed as an extension of the Solana Foundation in different parts of the world.Diego stated that the interventions’ objective is to put the community at the forefront of the growth and innovation in Solana. He explained:$SOL #2024withBinance

BlackRock Bitcoin ETF surpasses $12B in assets, trailing MicroStrategy closely in BTC holdings amidst market fluctuations and new highs.STORY HIGHLIGHTSThe BlackRock iShares Bitcoin ETF (IBIT) acquired a record 12,600 BTC worth over $778 million in a single day.Bitcoin's price briefly hit a new all-time high of $69,000 before plunging over 10%.Trading volumes for the IBIT surged to more than 107 million shares, equivalent to over $3.6 billion, setting a new record.The BlackRock iShares Bitcoin ETF (IBIT) witnessed an unprecedented accumulation of Bitcoin (BTC) on Tuesday, securing over $778 million worth of the cryptocurrency. This substantial acquisition consisted of 12,600 BTC, setting a new record for daily acquisitions by the fund, which previously peaked at around 10,000 Bitcoin. The transaction occurred amidst a volatile market session, where Bitcoin prices experienced a significant fluctuation.According to data from Nasdaq, the ETF’s trading volumes surged to more than 107 million shares, translating to over $3.6 billion price-weighted. This volume surpasses the prior record of $3.3 billion set last week, emphasizing the growing investor interest in Bitcoin and related financial products. The ETF’s robust activity coincided with Bitcoin’s price dynamics, where it momentarily reached a new all-time high of $69,000 before experiencing a sharp decline.BlackRock Closes Gap on MicroStrategy’s Bitcoin HoldingsThe swift reversal in Bitcoin’s value saw a more than 10% drop to below $60,000, only for it to recover modestly to the $63,000 range by the end of the trading day in the U.S. Despite these market gyrations, the BlackRock iShares Bitcoin ETF continued to attract significant investment, underscoring the fund’s appeal among investors looking to capitalize on the dip in Bitcoin prices. The fund now boasts holdings of more than 183,000 Bitcoin, closely trailing MicroStrategy’s (MSTR) accumulation of 193,000 Bitcoin.The BlackRock ETF has established itself as the foremost Bitcoin ETF since its inception on January 11, with its assets under management reaching approximately $12 billion, the highest among its peers. Fidelity’s Bitcoin ETF (FBTC) follows with $7.2 billion in assets under management. The surge in ETF volumes, breaking the $10 billion mark, further highlights the sector’s momentum, even as Bitcoin’s price hovered just under $66,000, marking a nearly 3% decline over the past 24 hours.Grayscale Launches Multi-Asset Staking FundIn related developments, Grayscale introduced the Grayscale Dynamic Income Fund (GDIF), an innovative venture into actively managed investment products focusing on multi-asset staking. This initiative aims to optimize income through staking rewards from Proof-of-Stake (PoS) digital assets, with capital appreciation as a secondary objective. Since its inception on February 29, the fund has supported nine cryptocurrencies, paving new avenues for investors to generate income from digital assets.The introduction of GDIF by Grayscale complements the increasing interest in digital asset investment vehicles, such as the BlackRock iShares Bitcoin ETF. Together, these developments reflect a broader trend of innovation and diversification within the cryptocurrency investment landscape, catering to a wide range of investor preferences and risk appetites.#TrendingTopic #Osmy_CryptoT #2024withBinance

A Solana meme coin trader has turned heads with an impressive 78% win rate. Over the span of just 11 days, this sharp individual engaged in 27 meme coin trades, with a remarkable 21 of them churning out profits.An analysis of the trader's holdings reveals meticulous selections with significant returns. Top performers like SolDragon (DRAGON) and BurgerkingFootLettuce (BFL) yielded profits of 212.82 SOL and 155.44 SOL, respectively, indicating calculated risk-taking and a deep understanding of the Solana ecosystem's dynamics.The success of this trader raises the question: are they a statistical outlier or a strategic genius? While some may argue that the volatile nature of meme coins makes such win rates the product of chance, others might suggest that the trader is leveraging an advanced understanding of market sentiment, social media trends and the underlying technology of tokens.Notably, this trading triumph comes at a time when the Solana ecosystem is experiencing a correction, with funds gradually shifting toward Ethereum and alternative layer-2 (L2) networks like Arbitrum, which itself has seen a 60% rally. This trend could suggest that while some investors are moving away from Solana, others are finding opportunities amid the market's shifting sands.$SOL #2024withBinance

In the ever-evolving landscape of digital currencies, the year 2024 promises a thrilling journey into the realm of unprecedented possibilities. Are you ready to ride the waves of innovation and seize the golden opportunities that lie ahead? Brace yourself as we unveil the “Top Cryptocurrency to Buy Now in 2024,” a comprehensive guide crafted for visionary investors and crypto enthusiasts alike.As we stand on the brink of a new era, the cryptocurrency market is poised for a revolution, and the choices you make today can shape your financial destiny tomorrow. From cutting-edge technologies to groundbreaking projects, this article is your key to navigating the intricate world of crypto with confidence.Join us as we dissect the market trends, analyze emerging players, and present you with the undisputed champions set to redefine the landscape. Whether you’re a seasoned investor or a curious newcomer, this article will equip you with the insights needed to make informed decisions in the fast-paced and dynamic realm of cryptocurrencies.Strategic Investments: Unveiling the Top 5 Cryptocurrencies to Buy in 2024Pikamoon ($PIkA): A Deflationary Play-to-Earn Coin with Promising Use Case Bonk Coin (BONK): Dog-Themed Meme Coin and Social Media DarlingNear Protocol (NEAR): A user-Friendly and Carbon-Neutral BlockchainInjective (INJ): A decentralized exchange (DEX) protocol constructed on CosmosCelestia (TIA): The World’s First Data availability Blockchain NetworkUnravelling the Influence of Market Sentiment and External Factors on Top Cryptocurrency SelectionRelatedBitcoin Trend Strength Exhibits Striking Similarities With Last Bull RunBitcoin price is above $45,000 for the first time since April 2022 and according to the weekly Average Directional Index, the rally might not be stopping anytime soon. That’s because the trend strength measuring tool is beginning to show shocking similarities with the 2021 bull run.When Bitcoin is trending, it is wise to get out of the way. The same is true regardless of whether or not BTCUSD is in an uptrend or a downtrend. Currently, the top cryptocurrency by market cap is in an uptrend, according to the Average Directional Index.The tool is designed to measure the strength of a trend on any timeframe. When the ADX is growing and rises above 20, it suggests there is an active trend in play. Below 20, and there isn’t enough evidence of a trend, which could suggest sideways price action.Not only is the weekly ADX in Bitcoin above 20, but is is above 51. Reaching above 51 in late 2020, resulted in four-week-long 120% push higher. If the same magnitude move follows, BTCUSD could hit $94,000 per coin by mid-February.The Average Directional Index is a trend-strength measuring tool designed by J. Welles Wilder, Jr., the creator of other technical analysis tools such asThe ADX reading in dark blue above shows the strength of a trend. The ADX, however, comes equipped with two Directional Indicators, the DI+ and DI-. Not only is the ADX in the exact location of the late 2020, early 2021 bull run, but the DI+ in green and DI- in red are also at the same level.This could hint at the same ripe conditions for a parabolic rally. In 2021, Bitcoin peaked when the ADX reached 85 and began to tumble back downward. If BTCUSD exceeds this level, we could be looking at an even stronger rally than expected.If it fails to reach above 85, yet sets a new all-time high, a bearish divergence could warn of an impending top in crypto. Whatever the case may be, the ADX could be an important tool in understanding cryptocurrency trends. Tony "The Bull" Severino is a level 3 CMT student (passed level 1 & 2), technical analyst, and the Head of Research at NewsBTC. Tony is also the Founder of CoinChartist – a technical analysis educational resource designed for crypto traders. Tony is a partner of Elliott Wave International, TradingView, and a member of the CMT Association. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.#2024withBinance #binanceSquare #Binancefeed #2023withBinance.

A prominent crypto lawyer who helped Ripple Labs and #XRP in the case against the U.S. Securities and Exchange Commission (SEC) is volunteering to represent US retail token holders during an upcoming Congressional hearing.Responding to an announcement made by the Financial Services GOP about the upcoming Capital Markets and Digital Assets, Financial Technology and Inclusion hearing, crypto attorney John Deaton volunteers his services to US retail token holders, saying that he could testify on their behalf and represent their interests.According to Deaton, Gary Gensler, the Chairman of the SEC, does not have the best interest of retail investors at heart while the Biden administration, alongside Senator Elizabeth Warren – who authored legislation that has been purported as anti-crypto – is actively harming the crypto community.“If you want someone to testify who actually represents the interests of token holders –not crypto companies – and who has taken on the SEC and who’s helped expose just how much Gary Gensler does NOT protect investors – I volunteer my services.I represented 75,000 XRP holders as amicus counsel in the Ripple case and I was amicus counsel in the case and I represent over 5,000 Coinbase customers related to the SEC suit against Coinbase – you know, the company the SEC approved to go public and then 2 years later sued claiming the entire business model is illegal.If you want the American public to learn what Gary Gensler and the Biden/Warren Administration is doing to harm everyday regular Americans, let me know.”XRP is trading for $0.585 at time of writing, a 1.74% increase during the last 24 hours.$XRP #2024withBinance