Bullish expectations are high for Uniswap this cycle. Network metrics are well below 2021 highs, suggesting further growth is possible. At press time, Uniswap (UNI) appeared to be showing strong bullish confidence. It’s up 97% since November 20th while also breaking several key resistance levels. Open interest also rose 12% in 24 hours. This is a sign of optimism. According to technical and on-chain indicators, Uniswap is currently in a strong upward trend. And further gains are expected in the coming months. This is despite the UNI price being at $44.9 in May 2021, still 61% below its all-time high.…
Author: Crypto Flexs
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Darius Varu December 5, 2024 09:35 Binance announced that it is adding new trading pairs and trading bot services to its platform, improving user experience and expanding trading options. New Trading Pairs on Binance SpotIn a recent announcement, leading cryptocurrency exchange Binance revealed plans to expand its trading options by introducing new trading pairs on Binance Spot. According to Binance, the new pairs include CHZ/USDC, PYTH/USDC, RSR/USDC, RSR/FDUSD, W/USDC, and XTZ/USDC. Trading for this pair is scheduled to begin at 08:00 (UTC) on December 6, 2024. This move aims to improve the trading experience…
Altcoin markets have seen significant gains since Donald Trump’s US presidential election victory, but a venture capitalist has warned that short-term changes are likely as institutional investors increase profit-taking activity.But not all traders agree.“We are currently considering the replacement season closed,” Felix Hartmann, managing partner at Hartmann Capital, said in a December 7 X post.VCs ‘will start clipping more aggressively’“Traders can remain irrational, but we’re at a point where teams and VCs are starting to clip more aggressively,” Hartman said.“When momentum is waning, you might have to pull out the lever and look at the murderer,” Hartmann said. He said…
just alvin December 5, 2024 10:13 The Hong Kong Monetary Authority has launched a public consultation on proposed amendments to the Banking Ordinance to strengthen the regulatory framework and enhance banking stability. The Hong Kong Monetary Authority (HKMA) has launched a public consultation on proposed amendments to its banking bylaws, according to the HKMA. The plan aims to respond to the changing banking regulatory environment and ensure that Hong Kong’s financial system remains robust and resilient. Review Purpose Taking into account rapid developments and international regulatory trends, the HKMA’s review focuses on updating the…
Bitcoin recently surpassed $100,000, sparking a massive bull market and sparking excitement and opportunity for investors around the world. As cryptocurrencies rise across the board, understanding how to navigate this bullish phase is important to maximize returns while minimizing risk. In this guide, we’ll dive into actionable strategies, insights, and tips to help you succeed in the ongoing cryptocurrency bull market.What is a cryptocurrency bull market?Simply put, a bull market occurs when asset prices rise steadily and steadily. For cryptocurrency, this stage is characterized by:Soaring prices: Bitcoin reaching $100,000 is just one example of exponential price growth. Altcoins like Ethereum…
Ethereum is facing significant resistance at the $3,400 level and is struggling to overcome this important barrier as it continues to underperform Bitcoin. According to data from CryptoQuant, ETH has lagged behind BTC over the past year, and by 2024, Bitcoin will outpace Ethereum by almost three times. This performance gap has raised concerns among investors as Ethereum’s underperformance has delayed the much-anticipated altcoin rally. Despite these challenges, analysts and investors remain optimistic about Ethereum’s potential to recover and lead a new alt season. Historically, ETH has often been at the forefront of driving gains across altcoin markets when Bitcoin…
Felix Pinkston December 5, 2024 10:33 Binance Futures updates leverage and margin ratings for several USDⓈ-M perpetual contracts affecting cryptocurrencies such as NEAR, AVAX, and XLM. Existing positions will not be affected. Binance Futures announced updates to the leverage and margin ratings for several USDⓈ-M perpetual contracts, including NEARUSDT, AVAXUSDT, and XLMUSDT. According to Binance, this adjustment took effect on December 5, 2024 at 08:50 UTC. Update details The changes relate to leverage and margin requirements for various contracts, including NEARUSDT, AVAXUSDT, PNUTUSDT, XLMUSDT, ACTUSDT, ETHFIUSDT, THEUSDT, ALGOUSDT, BANUSDT, MAVIAUSDT, OMGUSDT, BONDUSDT, and ORBSUSDT.…
The U.S. Securities and Exchange Commission (SEC) is reportedly blocking applications for an exchange-traded fund (ETF) based on Solana (SOL) during the final weeks of Gary Gensler’s term as regulator. Fox Business journalist Eleanor Terrett, citing anonymous sources, said the SEC had notified at least two of the five SOL ETF applicants that their applications would be rejected. Terrett also said the SEC administration currently has no plans to approve any other applications. Financial firms VanEck, 21Shares, Canary Capital and Bitwise have all applied to offer SOL ETFs, while cryptocurrency asset manager Grayscale also recently applied to convert Solana Trust…
Top news of the week SEC Rejects Bid for Spot Solana ETF – Report The U.S. Securities and Exchange Commission (SEC) plans to reject Solana’s application for an exchange-traded fund (ETF). According to Fox News reporter Eleanor Terrett, the agency has notified at least two of the five issuers seeking approval for the Solana ETF. “The consensus is that the SEC will not accept new cryptocurrency ETFs under the current administration,” Terrett said on December 6. Several asset managers have recently applied for the SOL ETF to provide investors with direct exposure to the Solana market. VanEck was the first…
Shiba Inu’s market capitalization could increase to $80 billion in the first quarter of 2025. When MEMCOIN rallies, they are short but intense – be prepared to profit. Shiba Inu (SHIB) has a very bullish outlook for the next 6-9 months, possibly longer depending on the Bitcoin (BTC) bull period. Over the past two cycles, the focus in the cryptocurrency space began with Bitcoin, but soon began to shift to alternatives. In 2017, we launched an ICO and token sale. And in 2021, DeFi tokens and NFT assets have captured public attention. Will this bull market be a bull market…