#Grayscale have announced Exploration of new investment products.The digital assets currently under consideration
💵💵💵💵BNB💵💵💵💵
BNB closed above 600% high in this month. So next month it will cover 348$ then it will go to 510$ 700$ above... Full details you will get later....
BNB closed above 600% high in this month. So next month it will cover 348$ then it will go to 510$ 700$ above... Full details you will get later....
Binance CEO: Ethereum is For The Rich Guys💵, But Soon They’ll Be Poor😔
📝Author: Felix_Mollen
Due to the high fees💵, Ethereum has become a blockchain⛓ for the rich guys, according to the CEO of Binance.
This is Binance Smart Chain’s time to shine✨, and the Binance CEO CZ knows it and is ready to take advantage of it.
The increasing📈 use of DeFi protocols, dApps, and applications built on top of Ethereum has overloaded the network to the point where its fees are almost unsustainable. Several blockchains are vying to emerge as the new Ethereum killer, and CZ is rooting for BSC as the best 👌option.
📝Author: Felix_Mollen
Due to the high fees💵, Ethereum has become a blockchain⛓ for the rich guys, according to the CEO of Binance.
This is Binance Smart Chain’s time to shine✨, and the Binance CEO CZ knows it and is ready to take advantage of it.
The increasing📈 use of DeFi protocols, dApps, and applications built on top of Ethereum has overloaded the network to the point where its fees are almost unsustainable. Several blockchains are vying to emerge as the new Ethereum killer, and CZ is rooting for BSC as the best 👌option.
In a recent tweet, CZ (https://twitter.com/cz_binance/status/1365708265078726656?s=19attacked) Ethereum, pointing out its Achilles heel: fees. For the man in front of Binance, only the wealthy can afford the fees to trade Ethereum:
And he is somewhat right. Over the course of 2021, the average transaction cost on Ethereum has catapulted just as fast as the price of ETH (its native token), going from less than $5 on average last year to about $15 today. Just 4 days ago, the network fees reached an ATH of nearly $40 on average, according to ycharts data.
However, this is the price per transaction. Traders operating on DeFi or yield farming platforms have to deal with the possibility of paying $100+ for each trade they make on a daily basis.
CZ didn’t stop there. A later tweet said he was no longer using Ethereum. Binance is developing two projects to compete directly with the two largest blockchains in the ecosystem.
Binance Chain was designed to enable extremely fast payments with minimum fees. It would b
And he is somewhat right. Over the course of 2021, the average transaction cost on Ethereum has catapulted just as fast as the price of ETH (its native token), going from less than $5 on average last year to about $15 today. Just 4 days ago, the network fees reached an ATH of nearly $40 on average, according to ycharts data.
However, this is the price per transaction. Traders operating on DeFi or yield farming platforms have to deal with the possibility of paying $100+ for each trade they make on a daily basis.
CZ didn’t stop there. A later tweet said he was no longer using Ethereum. Binance is developing two projects to compete directly with the two largest blockchains in the ecosystem.
Binance Chain was designed to enable extremely fast payments with minimum fees. It would b
Bitcoin Price is Showing Bearish Signs
This past week, bitcoin price extended its decline below the $47,000 support zone against the US Dollar. The BTC/USD pair even tested the $44,000 support zone and settled well below the 100 simple moving average (4-hours).
The last rejection zone was near the $52,000 level before the price declined below $45,000. It traded as low $44,360 before correcting higher. It recovered above the 23.6% Fib retracement level of the downward move from the $52,229 high to $44,360 low.
Source: BTCUSD on TradingView.com
However, the price struggled to clear the $48,000 resistance zone. It also failed to surpass the 50% Fib retracement level of the downward move from the $52,229 high to $44,360 low.
There is also a key declining channel forming with resistance near $49,220 on the 4-hours chart of the BTC/USD pair. Bitcoin is currently moving lower and it is likely to test the $44,000 support zone. If there is a downside break below the $44,000 support zone, there are chances of more
This past week, bitcoin price extended its decline below the $47,000 support zone against the US Dollar. The BTC/USD pair even tested the $44,000 support zone and settled well below the 100 simple moving average (4-hours).
The last rejection zone was near the $52,000 level before the price declined below $45,000. It traded as low $44,360 before correcting higher. It recovered above the 23.6% Fib retracement level of the downward move from the $52,229 high to $44,360 low.
Source: BTCUSD on TradingView.com
However, the price struggled to clear the $48,000 resistance zone. It also failed to surpass the 50% Fib retracement level of the downward move from the $52,229 high to $44,360 low.
There is also a key declining channel forming with resistance near $49,220 on the 4-hours chart of the BTC/USD pair. Bitcoin is currently moving lower and it is likely to test the $44,000 support zone. If there is a downside break below the $44,000 support zone, there are chances of more
Why Bitcoin Price Could Extend Its Decline To $41K, 100 SMA Holds The Key
Bitcoin price started a fresh decline after it failed to clear $52,000 against the US Dollar. BTC is sliding and it remains at a risk of a drop towards $41,000.
✨Bitcoin recovered above $50,000, but it struggled to clear the $52,000 resistance.
✨The price is trading well below $50,000 and the 100 simple moving average (4-hours).
✨There is a key declining channel forming with resistance near $49,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
✨The pair is likely to continue lower towards the $41,000 and $40,000 support levels in the near term.
Bitcoin price started a fresh decline after it failed to clear $52,000 against the US Dollar. BTC is sliding and it remains at a risk of a drop towards $41,000.
✨Bitcoin recovered above $50,000, but it struggled to clear the $52,000 resistance.
✨The price is trading well below $50,000 and the 100 simple moving average (4-hours).
✨There is a key declining channel forming with resistance near $49,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
✨The pair is likely to continue lower towards the $41,000 and $40,000 support levels in the near term.
Closing Rate of BNB in every month of 2020 - 2021
Date: Open: High: Low: Close
29.02.20: 18.95_20.18_18.88_19.58
30.03.20: 12.28_12.74_12.23_12.58
30.04.20: 17.05_17.89_17.03_17.56
31.05.20: 17.07_18.00_17.01_17.91
30.06.20: 15.41_15.88_15.35_15.83
31.07.20: 20.67_21.62_20.60_21.53
31.08.20: 23.19_25.41_22.99_24.82
30.09.20: 29.36_29.38_26.43_27.47
31.10. 20: 28.51_28.89_28.17_28.43
30.11.20: 30.12_31.53_29.79_31.39
31.12.20: 38.12_38.16_36.74_37.38
31.01.21: 44.80_45.71_43.43_44.28
28.02.21: 215.94_227.96_205.68_211.7
Date: Open: High: Low: Close
29.02.20: 18.95_20.18_18.88_19.58
30.03.20: 12.28_12.74_12.23_12.58
30.04.20: 17.05_17.89_17.03_17.56
31.05.20: 17.07_18.00_17.01_17.91
30.06.20: 15.41_15.88_15.35_15.83
31.07.20: 20.67_21.62_20.60_21.53
31.08.20: 23.19_25.41_22.99_24.82
30.09.20: 29.36_29.38_26.43_27.47
31.10. 20: 28.51_28.89_28.17_28.43
30.11.20: 30.12_31.53_29.79_31.39
31.12.20: 38.12_38.16_36.74_37.38
31.01.21: 44.80_45.71_43.43_44.28
28.02.21: 215.94_227.96_205.68_211.7
ETH/USD Tests 1447 Technical Resistance: Sally Ho's Technical Analysis 1 March 2021 ETH
Ethereum (ETH/USD) extended gains early in today’s Asian session as the pair appreciated to the 1453.63 area after trading as low as the 1292.76 area in the North American session, with the interday low representing a test of the 50% retracement of the appreciating range between 551.45 and 2041.42. Chartists observe the intraday high represented a test of the 23.6% retracement of the depreciating range from 1564.11 to 1411.11. Stops were recently elected above various retracement levels during the recent recovery higher, including the 1633.50 area that represents the 61.8% retracement of the depreciating range from 1805.03 to 1356. Stops were elected below many downside retracement levels during the depreciation last week, including 1773.22, 1747.24, 1722.31, 1702.67, 1656.37, 1607.31, 1585.49, and 1540.52. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96.
Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. Stops were also recently elected above upside price objectives including the 1711.20, 1716.45, 1733.12, 1750.63, and 1805.21 levels, upside price objectives were technically significant on account of buying pressure that originated around the 148.08, 310.79, 439.77, and 123.72 areas. If ETH/USD is able to extend its upward gains, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 1639.50 and the 50-bar MA (Hourly) at 1432.28.
Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.
Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Disclaimer: This trading analysis is provided by a third party, and for informational purposes only.
Ethereum (ETH/USD) extended gains early in today’s Asian session as the pair appreciated to the 1453.63 area after trading as low as the 1292.76 area in the North American session, with the interday low representing a test of the 50% retracement of the appreciating range between 551.45 and 2041.42. Chartists observe the intraday high represented a test of the 23.6% retracement of the depreciating range from 1564.11 to 1411.11. Stops were recently elected above various retracement levels during the recent recovery higher, including the 1633.50 area that represents the 61.8% retracement of the depreciating range from 1805.03 to 1356. Stops were elected below many downside retracement levels during the depreciation last week, including 1773.22, 1747.24, 1722.31, 1702.67, 1656.37, 1607.31, 1585.49, and 1540.52. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96.
Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. Stops were also recently elected above upside price objectives including the 1711.20, 1716.45, 1733.12, 1750.63, and 1805.21 levels, upside price objectives were technically significant on account of buying pressure that originated around the 148.08, 310.79, 439.77, and 123.72 areas. If ETH/USD is able to extend its upward gains, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 1639.50 and the 50-bar MA (Hourly) at 1432.28.
Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.
Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Disclaimer: This trading analysis is provided by a third party, and for informational purposes only.
📈 FUTURES CALL (BINANCE)
COMP_USDT_LONG
ENTRY: 429.3
MAX 5x LEVERAGE
TAKE PROFIT 433-435-440
Stop Loss :- 420
COMP_USDT_LONG
ENTRY: 429.3
MAX 5x LEVERAGE
TAKE PROFIT 433-435-440
Stop Loss :- 420
1Inch
1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. The big news from 1Inch is that it has migrated to the Binance Smart Chain (BSC), to take advantage of the throughput and low transaction fees.
This new migration is bullish seeing projects on BSC have better sentiments from the Binance community. 1INCH may see a new inflow of funds this week in a bid to soar beyond its all-time high of $6.31 set about 24 days ago.
1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. The big news from 1Inch is that it has migrated to the Binance Smart Chain (BSC), to take advantage of the throughput and low transaction fees.
This new migration is bullish seeing projects on BSC have better sentiments from the Binance community. 1INCH may see a new inflow of funds this week in a bid to soar beyond its all-time high of $6.31 set about 24 days ago.
ADA
Cardano has been in the space for a while compared to other decentralized protocols and the network recently upgraded its network and initiated a hard fork. This is in a bid to compete with the Ethereum Network as Cardano looks to roll into a new world of decentralized finance capabilities. Following these upgrades, ADA may spike to new highs as it has been doing the past week, a move that earned it the position of the top 3 crypto by market cap.
Cardano has been in the space for a while compared to other decentralized protocols and the network recently upgraded its network and initiated a hard fork. This is in a bid to compete with the Ethereum Network as Cardano looks to roll into a new world of decentralized finance capabilities. Following these upgrades, ADA may spike to new highs as it has been doing the past week, a move that earned it the position of the top 3 crypto by market cap.
PancakeSwap
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. The protocol has gained massive traction since it went live about 4 months ago. Today, PancakeSwap is one of the top decentralized exchanges, and CAKE, the network’s native token, is seen as undervalued compared with its pairs, Uniswap and SushiSwap. With new room for growth, CAKE may pull new price discoveries in this coming week and beyond.
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. The protocol has gained massive traction since it went live about 4 months ago. Today, PancakeSwap is one of the top decentralized exchanges, and CAKE, the network’s native token, is seen as undervalued compared with its pairs, Uniswap and SushiSwap. With new room for growth, CAKE may pull new price discoveries in this coming week and beyond.
📈 #FUTURES CALL (BINANCE)
SNX_USDT_LONG
ENTRY: 20.180
MAX 5x LEVERAGE
TAKE PROFIT 21-22.5-24
Stop Loss :- 18.00
SNX_USDT_LONG
ENTRY: 20.180
MAX 5x LEVERAGE
TAKE PROFIT 21-22.5-24
Stop Loss :- 18.00