Connect with us

24/7 Cryptocurrency News

Major DOGE, TON, AAVE, NEAR, MATIC Announcement By Binance

Published

4 months ago

on


The world’s leading crypto exchange Binance on Wednesday issued a significant announcement on Dogecoin (DOGE), AAVE, NEAR, and Polygon (MATIC) cryptocurrencies. Notably, the exchange is launching new spot trading pairs and trading bot services for the abovementioned tokens. As per an official announcement, this mover comes as an effort to enhance users’ trading experience on the platform.

Binance Launches New Trading Pairs & Bots Services For DOGE, MATIC, AAVE, NEAR, & MATIC

In an official announcement today, August 21, the crypto exchange revealed that Binance Spot is launching new trading pairs and trading bots services for the abovementioned tokens. As per the announcement, the exchange is commencing spot trading for the AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC crypto pairs on August 22 at 08:00 UTC.

Further, the crypto exchange will also enable trading bots services for numerous coins at the exact date and time. Spot Grid and spot DCA services will be available for BANANA/USDT, BTC/EUR, BTC/TRY, LISTA/USDT, TAO/USDT, and TON/USDT, per the announcement. Moreover, rebalancing bot services will commence for BANANA/USDT, LISTA/USDT, TAO/USDT, and TON/USDT.

Additionally, spot Algo orders for the AAVE/FDUSD, DOGE/JPY, MATIC/JPY, NEAR/JPY, and TON/USDC pairs will be accepted starting August 22. Notably, JPY, TRY, and EUR are fiat currencies, offering enhanced user appeal on the platform across various global trading regions.

How Are The Coins Performing?

Meanwhile, the abovementioned tokens illustrated mixed price actions today, sparking investor speculations globally. DOGE price slipped 0.41% over the past day to trade at $0.1047, whereas TON price dipped 3% to reach $6.68.

However, AAVE price surged 8% to trade at $139.28 today. Simultaneously, MATIC price saw a 6.96% uptick in value to $0.4716. Also, the NEAR price slipped 0.5% over the past day to rest at $4.07.

Intriguingly, LookonChain data today revealed that whales are heavily bagging AAVE, with nearly $8 million worth of coins accumulated. This has sparked additional optimism on the asset alongside Binance’s announcement.

Meanwhile, the crypto exchange also reverberated a buzz across the broader landscape, revealing a stockpile of other developments. These developments encompassed Voxies futures listing and the DOGS launchpool listing, among many others.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading

24/7 Cryptocurrency News

XRP Price Pumps 7% On Christmas Eve, Will It Reach Yearly Highs?

Published

2 hours ago

on

December 25, 2024

By


The XRP price is currently enjoying a nice recovery, having pumped over 7% on Christmas Eve. Based on several analyses, XRP could be eyeing a rally to its yearly high of $2.91.

XRP Price Eyes Current ATH Following Latest Pump

The XRP price is eyeing a rally to its current ATH following its 7% gains on Christmas Eve. Crypto analyst Javon Marks recently mentioned that XRP’s 4-hour chart is coming off a Hidden Bullish Divergence confirmation.

He added that this suggests that XRP could recover over 30% to its 2024 high of $2.91, which could be on the horizon. The crypto analyst added that a continuation of this uptrend can lead to a new all-time high (ATH).

ImageImage

Marks is confident that this projected rally is a matter of when not if. In anticipation of this rally, Ripple Whales have accumulated 40 million XRP, which also provides a bullish outlook for the crypto.

Crypto analyst CrediBULL Crypto also provided a bullish outlook for the XRP price. He stated that the XRP/BTC chart looks absolutely “fantastic.” He suggested that a parabolic rally was on the horizon while revealing that he was looking to open another long position.

ImageImage

The crypto analyst added that XRP’s chart is still the most bullish looking in the entire space off the lows. He believes that the crypto is just a “powder key building pressure.”

Double Bottom Pattern Adds To Bullish Sentiment

In an X post, crypto analyst CasiTrades stated that the XRP price has essentially formed a double bottom as it bounces around key Fibonacci levels. The analyst added that XRP is now getting a bullish wave.

ImageImage

However, she warned that the crypto is still under $2.38, meaning that it is still technically within this recent price correction. As the Relative Strength Index (RSI) and price climbs, CasiTrades noted that the structure looks promising and that XRP is still on track for the wave, pushing toward D targets around $2.60.

Her accompanying chart showed that the XRP price could reach this Wave D target by December 26. Thus, she remarked that the crypto still has time to achieve this target.

In the long term, a CoinGape market analysis showed that XRP could still reach double digits as it rises to $10. Fundamentals such as the RLUSD stablecoin and a potential end to the Ripple SEC lawsuit support such bullish projections.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

24/7 Cryptocurrency News

Here’s What To Expect After Pectra Upgrade

Published

5 hours ago

on

December 24, 2024

By


Amid its evolutionary journey, the Ethereum protocol is set to undergo another major upgrade dubbed Pectra in the first quarter of 2025. For a long time, developers have worked on this upgrade, adding and removing EIPs amid functionality review. However, many wondered what comes next after the coming Pectra upgrade. Here is where the Fusaka upgrade comes in.

Ethereum Fusaka Upgrade: The Pectra Enhancer

For various reasons, developers had to drop some improvements initially designated for inclusion in Pectra upgrade. Some of these EIPs will now be a part of the Fusaka upgrade. It is worth noting that the anticipated enhancements will help Ethereum and its associated Layer-2 solutions sustain their Decentralized Finance (DeFi) growth traction.

According to Galaxy Research Vice President and core Ethereum developer Christine Kim, stakeholders have not yet completed the scope of Fusaka as of now. This makes estimating the timeline for its launch fairly harder.

However, she noted that developers will focus on the original 12 code changes in the original Pectra EIPs for Fusaka. These changes are subdivided into EOF Code changes and PeerDAS. When Pectra goes live, developers may now focus on what changes need to go live with Fusaka and which might have to drop.

One of the major Ethereum Improvement Proposals billed for Fusaka is EIP 7549. This EIP will help improve the main chain’s ability to scale through Layer-2 rollups. According to a Galaxy Research note from October, this improvement will “implement a new networking protocol to increase blob capacity while keeping the computational load on nodes unchanged.”

Other major EIPs that will accompany Fusaka include EIP 3670 for “Code Validation” and EIP4750 to enhance “Functions.”

Notably, Fusaka may contain more than the 12 EIPs, a decision core devs will make when the upgrade is fully in focus.

The ETH Price Undertone

Amid the growing competition in the broader DeFi ecosystem, Ethereum L2s remains one of the biggest beneficiaries. However, Ethereum price might also need this upgrade as key fundamental updates might be the missing ingredient to trigger a new run in the the coin’s spot valuation.

Notably, ETH price suffered a major drawdown that pushed it below $4,000 mark over the past few weeks.

As of writing, ETH price was changing hands for $3,479.25, up 1.09% in 24 hours. With more upgrade comes enhanced functionalities which can drive adoption within the ETH ecosystem. This trend may help fuel increased demand for ETH, pushing its price to a new high.

Beyond Pectra and Fusaka, Ethereum developers are also eyeing Beam Chain consensus layer upgrade. Lately, there has been silence regarding this proposition.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

24/7 Cryptocurrency News

Cardano Price Eyes Rally To New Highs As Bull Flag Appears

Published

8 hours ago

on

December 24, 2024

By


The price of Cardano (ADA) has joined the so-called Santa rally, a trend that is amusing investors after a very volatile week. Earlier, the price of the coin dropped to a 4-week low of $0.7659 and entering a short period of consolidation afterward. With the latest bullish uptick, the digital currency is likely to leverage its bull flag setup to soar higher.

ADA Price and Future Projections

At the time of writing, the price of the ADA has jumped by 6.66% and was changing hands for $0.9412. According to market analyst @Av_Sebastian, there is a whole lot of reasons to agree with the ADA bull flag formation. He presented an ADA/USD 1D chart that shows Cardano breaking out around the $0.93 price mark.

Notably, this price level formed a strong resistance for ADA over the past week. With just a few attempts to break above this level within this period, the ongoing rally marks a significant stride. The bull flag is a technical setup formed in periods of consolidation within an uptrend.

If Cardano ends up with a bullish candle on the daily, the coin might eventually break the $1 price mark in the short term. This projection aligns with previous ADA price analysis where top analysts project a $2.60–$2.80 based on Elliott Wave projections.

Is Cardano Undervalued?

Cardano is a Proof-of-Stake (PoS) protocol, considered as an Ethereum killer. Many see the coin as undervalued, considering its growing role in the Decentralized Finance (DeFi) ecosystem.

Despite the growing backlash against the protocol and its founder Charles Hoskinson, the push for growth remains intact. Recently, Hoskinson proposed that the Cardano Foundation should move to Abu Dhabi or Wyoming in a bid to drive community governance.

The protocol, through the Chang hard fork upgrade, has made significant strides to democratize its governance systems. This, and alliances like the Bitcoin DeFi push makes ADA an appealing coin for long term growth.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon