Tag: BNB

  • BitPay expands crypto offerings; now supports for UNI, BNB, LINK, and More

    BitPay expands crypto offerings; now supports for UNI, BNB, LINK, and More

    • BitPay expands crypto support, adding UNI, BNB, LINK, CRO, VERSE, BAT to its roster.
    • CEO Stephen Pair underscores commitment to user-friendly crypto payments.
    • Users to enjoy versatile options, from luxury purchases to practical expenses.

    BitPay, initially established as a Bitcoin-focused payment startup, has broadened its horizon beyond Bitcoin (BTC) by adding support for “dozens” of additional cryptocurrencies. Notable tokens like Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE, and Basic Attention Token (BAT) are now included in the platform’s extensive list of supported digital assets.

    CEO Stephen Pair emphasized the company’s dedication to simplifying crypto payments, aiming to make them accessible to a broader audience. This strategic move aligns with the evolving demands of the digital currency market, showcasing BitPay’s commitment to user diversity and the need for greater accessibility in the crypto landscape.

    This expansion caters to a growing trend within the web3 space, where companies are increasingly embracing a range of digital tokens beyond Bitcoin. Recognizing the importance of user choice and accessibility, BitPay is positioning itself as a leader in the evolving digital economy.

    Versatile crypto payment solutions

    BitPay’s commitment to inclusivity extends beyond mere token support. Users can now leverage their cryptocurrencies for a variety of purposes, from purchasing goods at renowned merchants like Gucci and Ralph Lauren to practical expenses such as car and mortgage payments. The company’s portfolio continues to expand with added support for tokens like Cronos and Basic Attention Token, further enhancing the utility of digital assets in everyday transactions.

    BitPay’s strategic expansion into supporting a wide range of cryptocurrencies signifies a pivotal milestone. The move caters to the diverse preferences of crypto users, positioning BitPay as a pioneering player ready to shape the future of digital transactions.

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  • Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

    Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

    Morgan Stanley, a big investment bank, has just stated that the upcoming Bitcoin (BTC) halving will likely trigger a fresh bull market in 2024. 

    This means that the price of Bitcoin could go up significantly and so will other altcoins. Altcoins that could benefit from this rally include Shiba Inu, BNB, and Everlodge.

    Everlodge the first web3 marketplace for real estate trade

    Shiha Inu and BNB crypto are not the only tokens that can benefit from the Bitcoin halving. One new token that analysts believe will see more gains in 2024 is the Everlodge token, ELDG. Why? You might ask. Global tourism has been growing since the end of the Covid-19 lockdown. 

    Because investing in real estate requires a significant amount of money upfront, only a few wealthy individuals have joined the industry. Everlodge is here to assist and promises to make property investment simpler. They’ve harnessed blockchain technology to turn real estate into NFTs, which can be split into smaller parts. 

    Just so you know, anyone can buy these NFTs for as little as $100. Furthermore, the value of these NFTs rises as the properties appreciate. Additionally, these NFTs have more value than regular ones. During this time, the value of its token, ELDG, surged by more than 100%, going from $0.01 to $0.23.

    Everlodge’s price is expected to continue increasing as the presale proceeds. 

    For more information about the Everlodge (ELDG) Presale you can visit their website or join their community here.

    Shiba Inu moves towards self-custody of assets

    The Shiba Inu (SHIB) team is working on a new feature to allow SHIB coin holders to manage their identity. A Shiba Inu developer, Kaaldhairya, mentioned the news in a comment on October 28th. He talked about a digital ID system for SHIB coin holders. 

    Meanwhile, Shiba Inu developers haven’t shared all the details yet. However, they are counting down 72 hours to the big reveal on October 31st. This new feature, called Self-Sovereign Identity (SSI), is expected to make SHIB more decentralized and make the Shiba Inu ecosystem stronger.

    Also, this would attract more investors and affect Shiba Inu’s price in the long term. The Shiba Inu coin price crossed the $0.00000803 level in October. Analysts have noted that Shiba Inu’s value will rise to $0.00003360 in 2024.

    BNBChain launches multi-signature wallet service

    BNBChain has introduced a new wallet service called BNB SafeWallet. This wallet uses the Gnosis Safe protocol and works on both the Binance Smart Chain and opBNB. According to BNBChain’s blog post, this launch is a big step in making the BSC network more secure. 

    Besides, the BNBChain Safe multi-signature wallet service offers users a safe place to store their digital assets. BNBChain’s native token, Binance Coin has seen huge gains lately. It has broken out of its consolidation phase and increased to $229.25 on October 30th.

    Currently, analysts have looked at the BNB token. They have forecasted that BNB price will increase to $310 in 2024, soaring on Bitcoin’s halving event. Given the bullish predictions, investors are now looking for where to buy BNB.

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  • Is Domini, NEAR Protocol, or $BNB the Next 10x Investment Opportunity?

    Is Domini, NEAR Protocol, or $BNB the Next 10x Investment Opportunity?

    As investors seek the next big crypto breakthrough, three contenders have emerged: Domini.art, NEAR Protocol, and Binance’s $BNB. Each presents a unique value proposition, from bridging the gap between art and finance to revolutionizing decentralized applications and benefiting from the robust Binance ecosystem. In this article, we’ll explore these options to help you navigate the exciting terrain of crypto investments.

    Why $BNB stands out as a top contender

    $BNB, the native cryptocurrency of the Binance platform, presents a compelling investment opportunity for several reasons. Firstly, Binance is the world’s largest and most reputable cryptocurrency exchange, providing a secure and liquid environment for $BNB trading.

    Additionally, $BNB offers multiple use cases within the Binance ecosystem. It can be used to pay trading fees, participate in token sales, and access various DeFi services on the Binance Smart Chain.

    The growth of Binance’s ecosystem and its expanding utility for $BNB holders make it a promising long-term investment. Furthermore, $BNB has a history of strong price performance, attracting both traders and investors seeking potential returns in the dynamic cryptocurrency market. Despite Binance’s ongoing troubles with the SEC, predictions of its doom have proven time and again to be wrong. Binance was recently granted a license to do business in Dubai, adding to its legitimacy and staying power.  

    Domini Is Where Art Meets Finance 

    Art investment has historically been the domain of the privileged few, but $DOMI is changing this narrative. Through fractional ownership, investors can acquire shares of prestigious artworks, forging a path towards diversification and accessibility.

    $DOMI doesn’t just offer a platform; it offers a transformative journey through the old and the new. This inventive marketplace fuses traditional art and blockchain technology, effectively shattering the barriers that have long separated these two worlds.

    The heart of $DOMI lies in its dedicated NFT marketplace, where investors can explore ownership stakes of various artworks. This marketplace ensures not only liquidity and transparency but also a fair trading environment for fractionalized blue-chip art. Domini.art’s NFT marketplace offers a variety of options. From coolest NFTs to trending NFTs, the platform presents a range of choices for NFTs to buy now. Investors looking for the best NFT to invest in can explore the marketplace and be part of the community that’s reshaping the art and crypto landscape.

    The platform offers an accessible way to invest in high-end art through blockchain technology, making it a great beginner cryptocurrency option. For those wondering about which crypto to buy today for long-term investment, $DOMI’s unique fusion of art and blockchain could be a compelling choice.

    Visit Domini.art Presale

    So how about NEAR?

    Near Protocol ($NEAR) presents an enticing investment opportunity for several compelling reasons. Firstly, NEAR Protocol is designed to be developer-friendly, offering a scalable and secure platform for decentralized applications (DApps). Its focus on usability and simplicity has the potential to attract a broad developer community, driving innovation within the $NEAR ecosystem.

    The ongoing development and upgrades within the $NEAR ecosystem, combined with its commitment to scalability and interoperability, make NEAR Protocol a promising long-term investment option in the rapidly evolving world of blockchain and cryptocurrencies.

    Conclusion

    As the crypto market continues to offer diverse opportunities, the choice between $DOMI, NEAR Protocol, and $BNB presents a tantalizing challenge. $BNB stands strong with its historical performance and integration within the Binance ecosystem. Domini brings art and finance closer, democratizing art investment. NEAR Protocol, with its developer-friendly approach, hints at a promising future. The quest for the next 10x investment is ever-enticing, and these contenders offer intriguing paths to explore.

    For Info about $DOMI, visit Domini.art Presale or Join the Community.

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  • Binance coin BNB back to safety as buyers now aim for $295

    Binance coin BNB back to safety as buyers now aim for $295

    • Binance coin has recaptured crucial support at $266 after the latest crash

    • The cryptocurrency was previously weighed by adverse publicity

    • A recovery above $266 sets BNB to the next resistance at $295

    Binance (BNB/USD) traded at $274 on Tuesday, slowing from a monthly high of $282 the previous day. BNB buyers would be delighted about how far the cryptocurrency has come since Binance began to be adversely mentioned.

    Touching a low of $220 in mid-Dec, there were fears of further downside for BNB after the collapse of FTX. That’s particularly because, at the price level, BNB had lost crucial support at $266, which kept it stable. However, relentless buying has seen BNB recover to the level which now supports the price.

    BNB price is at least now back to safety above $266. However, Binance’s woes seem to be far from over. The latest cryptocurrency news suggests that US federal prosecutors have started to investigate the crypto exchange. According to reports, several American firms have been issued subpoenas for their communications with Binance. The exchange is reportedly being probed for violations of the US Bank Secrecy Act. The regulations mandate financial entities to verify their clients in a bid to curb money laundering. BNB price is yet to react to the potential litigation.

    BNB recovers above $266 support as price turns mildly bullish

    BNB/USD Chart by TradingView

    A technical outlook gives BNB $295 as the likely price target. This is the next resistance zone, and BNB has in the past hit the target each time price has recovered above $266. The MACD indicator is shifting above the neutral zone, underlining a bullish momentum. Similarly, BNB trades above the moving averages. The 50-day MA could hold as the dynamic support, coinciding with the $266 level.

    Is investing in BNB now a good idea?

    A retest of the $266 support would open buy trades on the cryptocurrency. Investors should watch for bullish price action signals at the support to buy BNB and ride to the $295 resistance.

    Where to buy BNB

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

    Bitvavo

    The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.

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  • BNB prediction as price maintains a recovery

    BNB prediction as price maintains a recovery

    • Binance coin has been bearish since the FTX collapse 

    • The cryptocurrency trades on an upside at $255 

    • BNB faces resistance at $266, a crucial resistance level

    While 2022 was largely bearish for almost every cryptocurrency, Binance (BNB/USD) was relatively stable. That’s not to mean that the cryptocurrency was bullish, but at least bears did not run riot as they did for most cryptocurrencies. It helped BNB hold strengths. At one time before the collapse of FTX, BNB neared the $400 price level. Since then, BNB has remained bearish. What happened?

    The collapse of FTX ignited fears that no crypto exchange was too big to fail. Investors rushed to decentralised exchanges that benefited from huge outflows from centralised peers. Binance, the world’s largest centralised crypto exchange, was among the culprits of the shift. That sent the native token BNB tumbling to $220 by mid-Dec. 

    Further fears were heightened by Binance’s proof of reserves. As CoinJournal reported, an audit report raised questions showing that the exchange was not sufficiently collateralised. BNB has been suffering in the aftermath, although the latest recoveries are promising. 

    BNB is facing resistance at $266 after recent recoveries

    BNB/USD Chart by TradingView

    BNB is mildly bullish on the daily chart. A bullish MACD crossover was initiated, supporting an improved momentum for the cryptocurrency. However, the MACD indicator is bearish. Bulls are yet to close above the neutral zone, which separates the bullish and bearish momentum. 

    BNB also trades below the resistance at $266. This is the level bulls defended strongly before the FTX-inspired crash. Therefore, the level is a key test for the bulls. 

    BNB price action next

    A continuation of the current recovery could see BNB return to its former self and turn $266 into support. For this to happen, bulls must overcome the resistance and break higher. 

    On the flip side, bears will try to position themselves as the BNB price reaches $266. Already, there is some resistance developing below the resistance zone. A failed breakout will see bears try to force a correction. That could see BNB continue to consolidate below before buyers have another chance.

    Where to buy BNB

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BNB with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy BNB with Binance today

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