• Binance has launched perpetual contracts for the Solana-based meme coin POPCAT.
• KuCoin also listed a POPCAT/USDT trading pair on its spot market.
• POPCAT jumped more than 20% following the listings on both exchanges.
• The meme coin could see a correction, with technical indicators suggesting its price is entering the overbought region.

Binance exchange announced it had listed perpetual contracts for Solana meme coin POPCAT on Thursday with up to 75x leverage. The listing means Binance’s wide user base can now gain leveraged exposure to the price of POPCAT. Such listings often translate to significant price growth for a cryptocurrency.

Shortly after Binance’s announcement, KuCoin exchange listed a POPCAT/USDT trading pair on its platform, allowing users to deposit and trade their tokens on its spot market.

Following these announcements, a whale withdrew $5.73 million worth of SOL from Binance to purchase POPCAT, according to Lookonchain’s data.

POPCAT rallies, but risks going into a correction

The positive updates caused a spike in POPCAT’s price, which soared more than 22% in the past 24 hours. The move indicates increased POPCAT buying pressure across exchanges.

The social volume of the meme coin also surged, increasing from a mere 7% to over 53% on Thursday. While the spike in social volume amid rising prices indicates positive investors’ sentiment, a correction sometimes ensues when the crowd is overly bullish.

On the 4-hour chart, POPCAT could face resistance around the $0.7132 key resistance. The 100-day Simple Moving Average (SMA) could prevent a further price rise for the meme coin.

POPCAT/USDT 4-hour chart

The Relative Strength Index (RSI) is at 69.7, moving into the overbought region. Such a move indicates prices may see a correction soon. The Stochastic Oscillator (Stoch) also paints a similar picture, with the %K and %D lines now above 80 in the overbought region.

A price correction could see POPCAT decline by over 30% to find support around $0.3615.

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While Binance Coin (BNB) and Solana (SOL) continue to see inflows and heightened interest, BlockDAG is quickly taking the spotlight in the cryptocurrency market with its remarkable initial sale results and advanced technology, emerging as the top choice among cryptocurrencies. 

Recently, BlockDAG’s leadership hosted a keynote that spotlighted the platform’s technological capabilities, hinting at its potential to evolve into one of the foremost blockchain initiatives worldwide. 

Supporters of BlockDAG (BDAG) can take part in pre-sale and buy tokens here.

Binance Coin (BNB) hits novel milestone

BNB has recently recorded a historic high, touching $712.59, before settling slightly lower at $700.82. This peak brings BNB’s market capitalization to a robust $103.2 billion, with an active trading volume of over $2.85 billion. This uptick in BNB’s value has sparked discussions on its future trajectory, questioning whether further growth is likely or if it has reached its zenith. 

Despite a minor 4.30% drop in its price over the past day, market indicators suggest a resilient buying interest, possibly setting the stage for a rebound.  

Solana (SOL) performance remains strong

Solana has been capturing attention, with its price recently hitting $174.83, supported by a surge in memecoin trading on its network. This trend has not only highlighted Solana’s efficiency in managing large transaction volumes at lower costs but has also pushed its total value locked (TVL) beyond $4.9 billion, with monthly active addresses peaking at 41.65 million in May. 

Although trailing behind Ethereum in TVL, Solana ranks second in decentralised exchange volumes, reflecting its increasing adoption and benefits in terms of transaction capacity and scalability. These factors collectively fuel the momentum of the Solana expansion.

BlockDAG (BDAG) enters new pre-sale phase

BlockDAG is capturing investor interest with a highly successful presale. Currently, in its 18th batch of sales, it is priced at $0.0122 per token.

The project’s recent keynote not only underscored its superior technology but also set a bold price target, reflecting its high ambitions and technical prowess based on its unique Proof of Work model, which optimises both efficiency and speed.

Furthermore, BlockDAG’s compatibility with the Ethereum Virtual Machine (EVM) enhances its appeal by enabling smooth integration with Ethereum-based contracts. The project’s innovative approach extends to its mining solutions, offering tools like the X1 mobile beta mining app and high-performance units such as the X10, X30, and X100, catering to various mining preferences and boosting its potential for significant long-term returns.

Concluding insights

The current landscape sees BNB achieving new highs and Solana experiencing robust growth, yet BlockDAG’s revolutionary technology and successful presale have positioned it as the top cryptocurrency pick. 

Its synergy with Ethereum and cutting-edge mining technology solidify its potential for substantial long-term success, presenting it as a compelling investment opportunity amid leading competitors.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Amidst a backdrop of recovery in the cryptocurrency market, Binance Coin (BNB) and Solana (SOL) are showing signs of resurgence, with both tokens entering a recovery period after recent fluctuations. In parallel, Furrever Token (FURR) has made significant strides, amassing an impressive $500,000 in funds in less than a month. As these three tokens navigate the evolving landscape of digital assets, investors are closely monitoring their movements, anticipating potential opportunities for growth and profitability within the dynamic crypto market.

Binance Coin (BNB) Surges by 12%: Promising Growth Amid Market Recovery

Binance Coin (BNB), a leading cryptocurrency, has demonstrated robust growth, surging by 12% to reach a current price of approximately $577 within the past week. This significant increase reflects the coin’s resilience amidst market volatility, capturing the attention of investors and traders alike. Moreover, BNB has shown encouraging momentum, rising by 2% in just one day, signaling a potential bullish trend. This positive outlook positions BNB as a compelling asset for diversification in investment portfolios. However, investors should exercise caution and conduct thorough research, considering market fluctuations before making any decisions. While the recent 2% increase hints at a prosperous trajectory for BNB, its sustainability over time remains to be seen.

On Monday, Binance Coin (BNB) has received a neutral rating from InvestorsObserver. With a current price of $575.89, BNB has outperformed the broader crypto market’s 2.38% rise with a 2.89% increase. Over the past five days, BNB has consistently maintained a Neutral rating on the InvestorsObserver Sentiment Score, which evaluates the coin’s performance based on volume and price movement during this period. This Sentiment Score provides a concise, near-term assessment of BNB’s recent trajectory, serving as a valuable tool for investors seeking to capitalize on short-term trends or enter the market strategically during downturns.

Solana (SOL): Steadfast Growth Amid Market Uncertainty

Solana (SOL), a leading cryptocurrency renowned for its scalability and high-speed transactions, has exhibited remarkable resilience amidst recent market volatility. With its current price hovering around $195, SOL has demonstrated a consistent upward trend, experiencing a notable 4% increase since yesterday. This positive momentum comes despite the broader market downturn, showcasing SOL’s ability to weather significant price swings and maintain its bullish trajectory.

What sets SOL apart is its ability to sustain growth even in challenging market conditions. Despite fluctuations in the cryptocurrency landscape, SOL has managed to remain relatively stable, a testament to its strong fundamentals and widespread adoption. Investors have taken note of SOL’s resilience, viewing it as a promising asset with the potential for long-term growth.

Looking back over the past week, SOL has shown remarkable strength, posting a solid 5% gain compared to its previous week’s price. This consistent uptrend has bolstered confidence among investors, who anticipate further gains as SOL sets its sights on the $200 milestone.

Market analysts and experts are optimistic about SOL’s future prospects, particularly if Bitcoin (BTC) and Ethereum (ETH) continue to maintain their current momentum. With its advanced technology and growing ecosystem, SOL stands poised to capitalize on emerging opportunities in the cryptocurrency market.

As SOL eyes new highs, investors are closely monitoring its performance, recognizing its resilience and potential to outperform amidst market uncertainty. With its steadfast growth and promising outlook, SOL continues to attract attention as a leading contender in the dynamic world of cryptocurrencies.

Furrever Token (FURR): Aiming to Catapult as the Next Big Meme Coin in the Cryptocurrency Space

Furrever Token (FURR) has emerged as a potential frontrunner in the meme coin space, aiming to capture the imagination of investors with its unique approach and innovative features. The token’s presale phase has garnered significant attention, fueled by the promise of substantial returns and a whimsical user experience.

One of FURR’s standout features is its presale structure, offering investors the opportunity to earn up to 15X returns during this phase. This enticing proposition has attracted considerable interest, drawing both seasoned cryptocurrency enthusiasts and newcomers alike.

Moreover, FURR’s affordability has contributed to its popularity, with tokens priced competitively during the presale, ensuring accessibility for a wide range of investors. This affordability factor, coupled with the potential for significant returns, has positioned FURR as an attractive investment opportunity within the meme coin ecosystem.

In addition to its financial incentives, FURR distinguishes itself through its engaging user experience, characterized by adorable cat-themed imagery and a sense of community. By integrating playful elements such as cat-themed stickers, emojis, and visuals into its ecosystem, FURR fosters a sense of camaraderie among its users, enhancing its appeal and contributing to its viral potential.

Furthermore, FURR’s commitment to security and compliance underscores its credibility within the cryptocurrency community. The token has prioritized measures such as audits and safety protocols to ensure a secure and enjoyable experience for all participants, instilling confidence in its users and investors.

Overall, Furrever Token (FURR) presents a compelling case for its potential to become the next big meme coin sensation. With its enticing presale structure, affordability, engaging user experience, and commitment to security, FURR stands poised to make waves in the ever-evolving landscape of cryptocurrency. As it continues to gather momentum, FURR has the potential to capture the imagination of investors and emerge as a dominant player in the meme coin industry.

Discover the Most Exclusive Presale Opportunity of 2024 Now:

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.

Binance is likely one of the largest international exchanges. Since its inception, the alternate has grown when it comes to recognition and improvement. Binance US is the US wing of the worldwide alternate.

Stablecoins didn’t have one of the best expertise all year long. Following the autumn of Terra’s UST, different stablecoins had been underneath scrutiny too. Among the many fleet, USDT is likely one of the largest stablecoins.

The US department of Binance introduced new particulars relating to USDT transfers. The alternate has added assist for 2 extra networks.

JUST IN: #Binance US permits $USDT transfers on Polygon and Avalanche networks.

— Watcher.Guru (@WatcherGuru) September 22, 2022

Binance US permits Avalance and Polygon Community transfers

In a current announcement on Twitter, Binance US’s official Twitter deal with revealed new updates relating to USDT. The alternate permits USDT transfers on Polygon and Avalance networks. Polygon MATIC is an Ethereum Layer-2 scaling resolution offering swift transactions at cheaper charges. Avalanche is a Layer One blockchain that serves as a platform for decentralized apps and bespoke blockchain networks.

Following the combination, customers will be capable of switch USDT from a number of networks, together with ETH, MATIC, and AVAX.

Nevertheless, the worldwide Binance alternate already helps USDT transfers on Polygon and Avalanche networks. At present, it helps BSC, BNB, ETH, TRX, AVAX, XTZ, and SOL.

On September 5, the Changpeng Zhao-led alternate said that buying and selling providers for USD Coin [USDC], USDP Stablecoin [USDP], and TrueUSD [TUSD] can be discontinued.

Binance said that if customers saved these belongings after the required deadline, the alternate would convert them to BUSD. However, many individuals had been greatly surprised by this. Nevertheless, the alternate states that the conversion’s goal is to enhance liquidity and capital effectivity for its customers.

In a current announcement, it introduced the combination of Avalanche and Polygon networks for BUSD. After the combination, customers will be capable of switch BUSD between many chains, together with Ethereum [ETH] and BNB Chain, along with those said above.

A brand new Ethereum-based protocol, Uniglo (GLO), has attracted the eye of the Binance Coin (BNB) and Avalanche (AVAX) communities because it strikes forward with its presale. With the present market volatility, the attraction of Uniglo to those communities is obvious. And it seems that BNB & AVAX holders will start bridging funds to partake within the presale.

Uniglo (GLO)

Uniglo is community-owned and value-backed. This new method to digital foreign money reintroduces fundamental financial rules to offer worth to traders. GLO’s tokenomics embrace purchase and promote taxes and by leveraging the programmability of the blockchain, the builders have created a brand new higher type of foreign money.

A part of this tax goes in the direction of asset acquisitions saved within the Uniglo Vault to offer GLO with a secure ground value. Belongings which have carried out properly will probably be offered, that means the Vault itself is a managed fund. It would comprise digital and bodily property, giving traders entry to high-end collectables usually out of attain, corresponding to gold and tremendous artwork. A part of the tax goes in the direction of the protocol’s Extremely Burn Mechanism, which ensures shortage burning a portion of each transaction. GLO represents concord between wealth preservation, and development hypothesis, making it a super token to carry throughout these turbulent occasions.

Binance Coin (BNB)

Binance Coin is a wonderful undertaking throughout. With a market cap of almost $50 billion, BNB represents the third largest coin, excluding stablecoins. Solely BTC & ETH have larger market caps, and the Binance Good Chain is among the most strong ecosystems in crypto. Regardless of Ethereum’s ecosystem being bigger by TVL (Whole Worth Locked), the Binance ecosystem sees way more every day transactional quantity.

BNB being the utility token of what many would argue is the best centralised trade Binance, has an extended future forward and can generate fabulous wealth for a lot of traders.

Avalanche (AVAX)

Avalanche was one of many first new age blockchains that immediately addressed the basic blockchain trilemma of scalability, safety, and decentralisation. Boasting unbelievable throughput and the power to course of 4,500 transactions a second, Avalanche noticed an enormous influx of liquidity inside DeFi, as traders and builders moved to this sooner and extra environment friendly community.

In August, Avalanche broke a document, seeing greater than 1.5 million transactions in a single day. Proving that regardless of the state of the markets, the Avalanche blockchain continues to see larger adoption, and this bodes properly for the native token AVAX.

Discover Out Extra Right here

Be part of Presale: https://presale.uniglo.io/register
Web site: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1

 

Disclaimer: It is a paid launch. The statements, views and opinions expressed on this column are solely these of the content material supplier and don’t essentially signify these of NewsBTC. NewsBTC doesn’t assure the accuracy or timeliness of data accessible in such content material. Do your analysis and make investments at your individual danger.

SXP, the native token of Visa

V
card issuer Swipe, surged by 30% on Thursday after information that the Binance trade – already a majority shareholder – will grow to be the corporate’s sole proprietor.

The cryptocurrency reached an intra-day excessive of $2.02 earlier than pulling again to $1.91 by 23:00 GMT on December 30, 2021.

Its sturdy efficiency defied sluggish exercise within the wider market, with top-ten cash bitcoin, Ethereum, BNB, XRP and Polkadot all transferring lower than 0.5% over the previous 24 hours.

Binance beforehand acquired most of Swipe’s shares in July 2020 – a transfer that allowed it to launch the SXP-powered Binance Visa Card, which works like a debit card however lets customers fund purchases with their digital property.

The trade will now purchase the excellent fairness in Swipe, it stated in an announcement that didn’t tackle what the event means for SXP tokenholders and cardholders.

Swipe additionally runs a white-label B2B program that helps third events launch their very own crypto-backed debit playing cards. Derivatives trade FTX turned its most high-profile consumer in February, although the FTX Visa card has not but been launched.

Following the completion of the share buy, Binance stated, Swipe founder and chief govt Joselito Lizarondo “will step down and depart Binance”.

Nonetheless, Lizarondo plans to stay lively as a key stakeholder within the Swipe blockchain – now rebranded Photo voltaic – by buying a large governance place by means of his proof-of-stake SXP holdings, and by launching the “Photo voltaic Ecosystem Development Fund to spend money on initiatives constructing on Photo voltaic”.

“Photo voltaic will grow to be an vitality environment friendly funds blockchain powering decentralized commerce purposes,” he defined in a blogpost. “Solars worth proposition allows plugins to be developed in Javascript and Typescript and inbuilt Layer 1 codecs so that every one scalability and good contract like options can be developed natively. Facet chains will allow different options.”

Lizarondo acknowledged that Swipe’s authentic imaginative and prescient of a turning into a retail-focused card issuer like Crypto.com was deserted after Binance turned a majority shareholder, with the corporate shifting its consideration to back-end options and partnerships.

“Attributable to shareholder and senior management choices, Swipe shifted its focus of merchandise to extra b2b business merchandise with charges paid in SXP,” he famous. “This result in merchandise being created that have been centered on Swipe, the corporate’s development, and in flip eliminated some key merchandise that have been out there.

“With this resignation, I’ll have the power to concentrate on SXP as a group member.”

SXP has appreciated by 42% over the previous 12 months, however stays considerably under its all-time-high of $5.87 in Might.