On the UK side, developments in the crypto sector continue, | Crypto Ahmet på Binance Square

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On the UK side, developments in the crypto sector continue, crypto assets are starting to be presented in a separate category in tax forms.
#UK #crypto2023 #BTC #dyor #BNB

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😱🚀Top 2 Altcoins that may explode in July 2024 1. Solana (#SOL ) Solana ($SOL ) continues to lead blockchain innovation, especially in the decentralized finance (DeFi) sector. Its architecture is optimized for building decentralized applications (DApps) by leveraging a unified proof-of-history (PoH) and proof-of-stake (PoS) model to increase transaction speeds. Currently, Solana price is at $141, down 2% in the last day. Despite this, last year SOL increased by 736%. This data from defilLIema highlights network strength seen in Total Value Locked (TVL) and active DApp usage. The growth in open interest since the beginning of the year underscores Solana's strong position in the competitive tier-one cryptocurrency arena. As noted in “Highest Open Interest: June Edition,” he is currently a key figure in the expanding altcoin market. 3.Binance (#BNB ) Binance ($BNB ), the world's leading cryptocurrency exchange in terms of daily trading volume, aims to revolutionize global finance with its comprehensive offerings. The name “Binance” reflects its innovative approach to financial markets by blending the concepts of “Binary” and “Finance”. The Binance ecosystem extends far beyond the exchange platform. It includes Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and various research initiatives. Each item uses blockchain technology to redefine finance in the digital age. Binance Coin (BNB) is vital for the seamless functioning of these services. As of June, Binance had the highest open interest in altcoins at a staggering $18.70 billion. Today, the price of BNB stands at $569, with a slight decrease of 0.91% in the last 24 hours. Again, BNB remains the fourth largest cryptocurrency by market cap, currently reaching $84 billion. #altcoins #binance

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🔥💥Binance Announces Blockchain Week Dubai 2024 with Discounted Early Bird Tickets Get your early discounted tickets 🎟️🔥 Binance has officially announced the dates for its highly anticipated #BinanceBlockchainWeek #Dubai 2024, set to take place from October 30 to October 31 at Dubai’s Coca-Cola Arena. This major event aims to bring together industry leaders, innovators, and enthusiasts to discuss the future of blockchain technology and cryptocurrency. Event Theme and Highlights The theme for this year’s conference is “Momentum.” According to Binance, the theme focuses on how momentum drives the industry forward, overcoming challenges and leading to significant achievements. The discussions will explore critical questions such as the role of cryptocurrency in effecting positive change, preserving core values, and adapting to evolving regulations. Early Bird Tickets Now Available In a bid to make the event more accessible, Binance has launched early bird ticket sales. Attendees can purchase these discounted tickets through the official ticketing portal while stocks last. Early bird tickets are priced at USD 99 (excluding 5% VAT), offering a discount of over 80% off the general admission ticket price. These tickets are available on a first-come, first-served basis, and once sold out, full-price tickets will be released. Related Events and Expectations This announcement comes amid a series of high-profile blockchain and cryptocurrency events worldwide, signaling a growing interest and investment in the sector. Binance's decision to host the event in Dubai aligns with the city’s ambition to become a global hub for blockchain technology. #binance #BTC #BNB

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😱🚀🚀3 Altcoins with Huge profit potential in Summer 2024 Bullish signals are on😱🚀🚀 Ripple (#XRP ) $XRP , developed by Ripple Labs, aims to facilitate fast and cost-effective cross-border payments. However, the asset witnessed a lack of initiation from buyers for years amid the ongoing legal battery against the US Securities and Exchange Commission. The market uncertainty aligned with the June correction has plunged to $0.475 seeking support at a long-coming ascending trendline. As per Coinmarketcap, the XRP coin holds a market cap of $26.4 Billion, while the 24-hour trading volume wavers at $791 Million. If the aforementioned support holds, the buyers could take the next recovery leap and chase a potential target of $2. $BONK (#BONK ) Bonk is a meme cryptocurrency built on the Solana blockchain, known for its strong community-driven approach and rapid growth. Amid the June market correction, the BONK price witnessed an aggressive downfall from $0.000044 to $0.000018, registering a loss of 59%. However, the falling price witnessed strong support at the ascending trendline of the daily chart resulting in an immediate reversal to $0.0000228. The BONK coin holds a market cap of $1.55 Billion, while the trading volume plunged 45% since yesterday to reach $155.35 Million. The recent reversal of gaining momentum from broader market recovery could lead to a rally to the $0.0001 mark. Polygon (#MATIC ) Polygon ($MATIC ) is a Layer 2 scaling solution for Ethereum, designed to enhance its scalability and usability. Further, Polygon helps in retaining the security and decentralization of the Ethereum blockchain. The MATIC price currently trades at $0.55, maintaining its market cap of $5.5 Billion. However, with sustained selling, the asset could reverse the long-coming support of $0.5-0.493. This crucial support could provide buyers an opportunity to counterattack and rechallenge the overhead resistance at $0.76, followed by $1.3, and $1.56. #altcoins #binance

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