What is Convex Finance (CVX)? Convex Finance is a DeFi prot | Crypto Ahmet på Binance Square

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What is Convex Finance (CVX)?
Convex Finance is a DeFi protocol that allows Curve liquidity providers to receive a share of transaction fees without the need to stake liquidity on Curve.
#CVX #Binance #crypto2023 #BTC #BNB

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😱🚀🚀3 Altcoins with boom potential in 2024 1. NEAR Protocol (#NEAR ) NEAR Protocol ($NEAR ) is making waves as a decentralized cloud computing solution. It effectively tackles common blockchain challenges such as slow transactions, limited scalability, and poor interoperability. NEAR is listed as the 19th cryptocurrency on CoinMarketCap, boasting a market cap of $5 million. The price of NEAR has increased by 5% in the last 24 hours and more than 3% over the last three days. This trend underscores a substantial annual increase of 256%, positioning NEAR as a potential artificial intelligence-driven crypto market leader by this summer. 2. Polygon (#MATIC ) Polygon ($MATIC ) has become crucial in boosting Ethereum’s performance and reach, adding to its scalability and interoperability without altering its original framework. By implementing sidechains, Polygon enhances Ethereum’s processing capacity and slashes costs per transaction, benefiting its extensive user base. The recent performance of MATIC is noteworthy, skyrocketing by 10,079% since its inception. Currently, the price of Polygon is at $0.4924, reflecting a 1.26% increase over the past day. With a market cap of $4.87 billion, it holds the 20th position on CoinMarketCap, indicating it could be a significant asset to monitor this summer as the market shows signs of recovery. 3. TRON (#TRX ) TRON ($TRX ) has emerged as a prominent decentralized digital entertainment sector player. Over the past year, the platform has seen a remarkable 67% increase in value, drawing significant attention and engagement from investors. The Total Value Locked (TVL) on TRON has also expanded, demonstrating its growing role in the decentralized finance (DeFi) ecosystem. TRX trades at $0.13 with a market capitalization of $11 billion, positioning it as the 11th largest cryptocurrency on CoinMarketCap. This places it above other notable cryptocurrencies like SHIB, with a market cap of $11.31 billion, reflecting strong investor confidence.

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🔥💪Another big turning point has come. We are celebrating #Binance 's 7th anniversary together. I am very happy to have been in this family as a volunteer for 5 years. 🧡💛 🏆👀 We've had great success and won the Square cups in 2023, let's keep building #BinanceTurns7 #BNB #BTC

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😱🩸🚀Top 3 Altcoins to Buy Next Week While Crypto is in a Bloodbath Alliance for Artificial Superintelligence (#FET ) As AI tokens prepare for a comeback, $FET price action reveals a potential double bottom at $1.15. With an early reversal of the descending channel's negative cycle, the altcoin is poised for a potential reversal. FET price, which has a market value of 3 billion 149 Billion Dollars, has decreased by 28 percent in the last 9 days. However, the 9.40% intraday growth completes the morning star formation by creating an engulfing bullish candle. With an upside target of $1.55 next week at the 38.20% Fibonacci level, the AI altcoin is a great pick for the week ahead. Altcoin Jupiter (#JUP ) is on a wedge breakout The bearish $JUP price action on the daily chart reveals a falling wedge formation. In the latest crash, the altcoin fell to $0.73, which is the 78.60% Fibonacci level. However, a decline to $0.73 indicates a bull cycle with a double bottom and morning star as support. Currently, the altcoin is trading at $0.76 with an intraday gain of 3.83%, forming an engulfing bullish candle. As the market's broader recovery gains momentum, JUP price is on a rapid rise to reclaim the $1 psychological mark. Based on Fibonacci levels, the bullish rally could reach $1.25. LayerZero (#ZRO ) Overcame the Market Crash With a massive recovery on the 4-hour chart, the $ZRO token price appears to be completely unaffected by the market crash. The altcoin is up 32% with a V-shaped recovery rally starting at $2.75. Currently, ZRO price is trading at $4,337 and it is challenging the 1,618 Fibonacci level. The altcoin price may soon witness a rise as the bull run gains momentum. Based on Fibonacci levels, the bullish rally could reach $5,657 next week. #altcoins

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😱🩸🚀There is a bloodbath in cryptocurrencies, here are 3 Altcoins with Opportunity Potential 1. TRON TRON ($TRX ) is a blockchain-based platform designed to host a global digital entertainment system, featuring free content and decentralized applications. An analysis of the daily chart shows the TRON price riding a steady uptrend since November 2022. A dynamic support trendline has been providing buyers with suitable accumulation during market dips, maintaining buy-the-dip sentiment among buyers. On June 18th, the TRON witnessed its latest reversal from the ascending trendline, uplifting the price 12.56% to trade at $0.12. Consecutively, the market cap surged to $11.07. If market supply pressure persists, the #TRX price could plunge 6% to revisit the rising trendline. Until this support is intact, the TRON coin will maintain its bullish trend. 2.BONK Bonk is a meme coin built on the Solana blockchain, branded as a community-driven “dog coin for the people by the people.” Amid the recent market correction, the #BONK price fell from $0.000045 to $0.000018, registering a loss of 59%. The price decline halted at an ascending trendline that has supported BONK’s bullish trajectory over the past five months. Defying the market correction, the $BONK price rebounded from an ascending trendline with an 11% jump to trade at $0.000023, while the market cap jumped to $1.57 Billion. If the support holds, the altcoin could rebound higher and breach the overhead trendline of $0.000027, followed by $0.000035. Key Takeaway The selling pressure in the cryptocurrency market intensifies as Bitcoin’s price falls below $60,000, driven by liquidations from Mt. Gox and the German Government. This downward trend has spread to the altcoin market, with several assets dropping to their lowest monthly or annual support levels. Despite the overall bearish momentum, some cryptocurrencies have demonstrated notable resistance, maintaining their positions against the prevailing selling pressures. #altcoins #binance

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😱🦈Crypto Whales Bought These 2 Meme Coins in the First Week of July 2024😱🦈 Dogecoin (#DOGE ) Major Holders Ignore the Drop Like other cryptocurrencies, the price of $DOGE also fell. Notably, its value dropped to 23.76% in the last seven days. But that hasn't stopped crypto whales from buying more coins. BeInCrypto observes this after evaluating the Large Holders Login created by IntoTheBlock. This entry shows strong buying parts of the market holding 0.1% to 1% of the cryptocurrency. On Tuesday, July 2, the inflow was 61.88 million DOGE. But a day later, the inflow reached 516.08 million, indicating the amount of purchases of whale extinction. Currently the figure has dropped to 215.90 million. Crypto whales purchased $23.74 million worth of Dogecoin in the first week of July at an average price of $0.11. This is a 175.44% increase from assets in the last week of June. The Whales Put Pepe (#PEPE ) at the Top of the Chain According to $PEPE 's Large Holder Netflow, a staggering 2237.18% is seen in seven days. This is a statement that crypto whales buying PEPE are faster than providing it at the rate mentioned above. Although they intensify their purchases, the salary has little or no impact on the price of PEPE. At press time, PEPE was trading at $0.0000078 – the lowest price reached since May 4. If the price of this huge income drops and they continue to operate the token, eventually the stability will be disrupted. #memecoins #binance

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