A widely respected cryptocurrency analyst believes that a Solana (SOL) challenger is gearing up for more upside. Pseudonymous analyst Altcoin Sherpa told his 232,200 followers on social media platform A round bottom formation is a bullish reversal structure that suggests that an asset is ready to witness a new upward trend. Altcoin Sherpa says: “Basically, I think we need to build out a bit more to enable people to gamble, but overall it looks really good at the higher levels. When the bag comes, hold it a little lower. I think $0.60 would be a good position to be in.”…
Author: Crypto Flexs
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Jessie A. Ellis November 26, 2024 08:38 Binance introduces BFUSD, a rewarded margin asset that offers futures traders zero purchase fees and a reward of 100,000 USDT. In a strategic move to strengthen its futures offering, Binance announced the launch of BFUSD, a rewarded margin asset aimed at providing additional benefits to active Binance Futures traders. According to Binance, BFUSD allows users to earn profits from eligible balances in their futures accounts and can also be utilized as margin in multi-asset mode futures accounts. Zero commissions and attractive rewards Starting November 27, 2024, Binance…
68.20% of top SUI traders hold buy positions, while 31.80% have sell positions. Traders are overleveraged, with a bottom of $3.326 and a top of $3.538. SUI, the native token of the Sui Network, is making waves in the rapidly evolving cryptocurrency landscape by outperforming major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and other major financial assets. Aside from the impressive performance, the altcoin is poised to continue this rally as it has formed a bullish price action pattern. SUI technical analysis and key levels According to expert technical analysis, SUI has formed a bullish flag and polar price…
Terrill Dickey November 26, 2024 09:12 BitMEX has introduced the XBTF25 Bitcoin futures contract, now tradable. This new contract, underlined and margined in Bitcoin, came into effect on November 26, 2024. Leading cryptocurrency exchange BitMEX announced the launch of a new Bitcoin (BTC) futures contract, XBTF25. According to BitMEX, this contract will become available for trading on November 26, 2024 at 04:00 UTC. The XBTF25 contract is underlined and margined in Bitcoin, giving traders the opportunity to engage in futures trading with the well-established cryptocurrency. Details of the XBTF25 contract The XBTF25 futures contract…
A quant explained how Ethereum is currently in its second bull phase following the trend of this popular on-chain indicator. The Ethereum MVRV rate is forming a similar pattern to the last two cycles. In a CryptoQuant Quicktake post, one analyst talked about the latest trends in Ethereum’s market value to realized value (MVRV) ratio. “MVRV Ratio” is an on-chain indicator that tracks the ratio between an asset’s market capitalization and its realized capitalization. Realization limit here refers to a capitalization model that calculates the total value of ETH, assuming the value of each token is equal to the last…
The recent surge in popularity of memecoins has put increased pressure on cryptocurrency exchanges to filter out suspicious projects and protect users, a cryptocurrency exchange executive said.“The team does a lot of due diligence on the project founders, participants, and what potentially is on the roadmap,” Rachel Conlan, chief marketing officer at cryptocurrency exchange Binance, told Cointelegraph at Aus Crypto Con 2024.Community Feedback and CommentsAs for the X-factor of a cryptocurrency token being listed on Binance, Conlan said nothing is “guaranteed.”“This secret research team takes several different factors into consideration,” Conlan said.“It’s definitely important to get community feedback and opinions,…
lawrence jenga November 26, 2024 09:29 Binance introduces Thena (THE) as the latest project on its Airdrops Portal to reward BNB holders. THE is scheduled to be listed on multiple trading pairs on November 27, 2024. In a recent announcement, Binance unveiled the latest addition to the Binance Airdrop Portal featuring the Thena (THE) project. Thena, a decentralized exchange (DEX) and liquidity layer built on the BNB chain and opBNB, will be the second project on the platform. This move is part of Binance’s ongoing efforts to reward users through HODLer Airdrops, especially for…
Timothy Morano November 26, 2024 09:50 Discover how BNB Chain is revolutionizing the gaming industry by integrating AI and Web3 technologies to enhance player experience and economic dynamics within virtual worlds. The integration of artificial intelligence (AI) and Web3 technologies is poised to transform the gaming industry, providing new levels of interactivity and economic empowerment for players. According to a report by BNB Chain, these synergies are reshaping both gameplay and economic structures within digital games, turning entertainment into a potential revenue stream. Web3: A Revolution in Game Ownership Web3 technology has brought about…
For years, cybersecurity threats such as hacking and identity theft have compromised companies and organizations as well as personal accounts. And many governments are pointing to North Korea as a possible location for these hackers, who have caused billions of dollars in damage to the global economy. Now, a report from Cyberwarcon, a cybersecurity conference held in Washington, D.C., has confirmed these claims and revealed the continued efforts of North Korean hackers to undermine businesses. Microsoft (MS) researcher James Elliott revealed that North Korean ‘IT workers’ have infiltrated hundreds of companies around the world through impersonation. Hackers secretly collaborate with…
XRP (XRP) rebounded to a yearly high at $1.68 after the altcoin continued to form a higher high high (HH) pattern. The cryptocurrency asset is up 40% this week, potentially displacing BNB to become the fifth-largest cryptocurrency on the market. XRP 4-hour chart. Source: Cointelegraph/TradingViewXRP active accounts increased 100% in November.XRP price is up 232% in the last 30 days, but XRP’s on-chain indicators also show a positive resurgence. According to data from xrpscan, the number of active accounts or unique senders on the XRP network increased from 15,592 on November 1 to 47,044 on November 16. Number of active…