Crptocurrency

Forget Cardano, Crypto Analysts Recommend Keeping an Eye on These Cryptos in 2024

Published

2 weeks ago

April 28, 2024

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With the bull run of 2024 in full swing, certain cryptocurrencies are capturing analysts’ attention. While some investors might be focused on established names, experts are pointing towards a few select players that could take the spotlight. This article examines the cryptos that are emerging as significant contenders for growth, offering insight for those looking for potential opportunities beyond the usual suspects.

CYBRO Presale: Meet the First-Ever Earn Marketplace on Blast

CYBRO introduces a unified marketplace for consistent crypto earnings, utilizing the Blast blockchain’s innovation. Launching in Q2 2024, the platform invites early investors to its presale for favorable entry terms.

From now on, CYBRO offers its native tokens at attractive prices, starting from just $0.020 apiece, an astounding 66% discount. Token holders will gain preferential access to marketplace services and various bonuses for an enhanced earning experience.

CYBRO will equip users with tools for increased income generation, such as staking, leverage farming, and lending. Enhancing Blast’s competitive interest rates, CYBRO will initially focus on high-yield staking, bolstered by state-of-the-art crypto-fiat and self-custody options.

Beyond staking, CYBRO tokens will enable an exclusive Airdrop, marketplace cashback, reduced trading and lending fees, and the in-house insurance program.

This robust functionality positions CYBRO for potential value growth just after the TGE in Q3 2024, significantly benefiting presale investors.

>>CYBRO Presale Is NOW Live<<

Optimism Crypto: A Balanced Price Analysis

Optimism’s price has seen varied movement. In a week, the price rose by 7.73%. Over a month, it fell by 38.83%. In six months, it jumped by 74.71%. The coin is currently in the $2.14 to $2.64 range. It shows a mix of moves, with the current tendency not clearly towards a strong upward (impulsive) or downward (corrective) trend based on the indicators provided.

Looking ahead, Optimism’s price could go either way. There’s potential for growth that could push it towards the next resistance at $2.83, and possibly $3.32, if the crypto market does well. However, caution is advised as the price could drop to support levels at $1.85 or even $1.37, especially if the broader market faces challenges. The indicators like RSI and MACD show a neutral market momentum, suggesting the future price could swing in either direction.

1inch Network Showcases Mixed Market Sentiment

The mood of investors in 1inch Network is somewhat uncertain. The current price is wavering between two levels, not quite reaching the higher mark that traders look out for, and staying above the lower end that would indicate the potential for a drop. Lately, the price has been closer to the lower middle of the range, with buyers and sellers roughly balanced.

For 1inch Network, which operates as a tool to make trading across various exchanges easier and more efficient, this indecisive market behavior could influence its visibility and usage. With no strong trends showing in either direction, both potential and current users may exhibit caution in their trading activities, waiting for a clearer signal to make more decisive moves.

GALA Coin Shows Mixed Market Movements

GALA has been fluctuating within a narrow range lately. It’s been pushing against a level where sellers come in strong but also not dropping too far below a point where buyers step up. The price seems to hover around a certain average value if you look at it over the past few months. Overall, the market doesn’t seem too extreme one way or the other.

The coin’s recent behavior suggests investors are trading cautiously with no clear trend. Trading volumes and interest in GALA can be influenced by updates on its gaming platform or partnerships. Any significant news about its non-fungible token projects or additions to its ecosystem could encourage more active trading and possibly push the price beyond its usual range.

Conclusion

In the current bull run of 2024, while OP, 1INCH, and GALA have captured attention, their potential in the short-term might not be as compelling. The focus for savvy investors seeking promising opportunities should shift to CYBRO. This unique earn marketplace is built on the innovative Blast blockchain and is set for its initial release in the second quarter of 2024. It offers a chance for early investors to get involved through the CYBRO token presale. By joining early, investors are likely to secure their positions under favorable conditions, tapping into the native yield opportunities that CYBRO will provide in this expanding market.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

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Crptocurrency

Binance Launches USDC Flexible Products, 8% APR Rewards

Published

17 hours ago

May 14, 2024

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Binance announced a promotional campaign for its USDC simple earn flexible products, which ends on June 30, 2024.

Binance Holdings Ltd, the leading global cryptocurrency exchange by registered users and traded daily volume, has announced the launch of Circle Internet Financial Ltd’s USDC Simple Earn Flexible Products today.

According to the announcement, Binance users can now begin to earn up to 8 percent in their USDC holdings.

Notably, Binance has set a subscription of a first come first served model with reward payout divided into two sections.

Furthermore, Binance will only be offering a real-time annual percentage rate (APR) of approximately 4 percent.

Additionally, the cryptocurrency exchange has set a bonus tiered APR of around 4 percent to accounts with a balance of between 0.1 and 500 USDC.

As for accounts with a balance of more than 500 USDC, Binance highlighted that they will only receive real-time APR of about 4 percent.

Binance has not set a limit order in the USDC Flexible Products offering, thus offering users a decent income option. The distribution of bonus tiered APRs is sent to respective users’ spot wallets daily. On the other hand, accrued real-time APR are sent to respective users’ Earn wallet every minute.

Meanwhile, the promotion period for the USDC flexible products is set to end on June 30, 2024. After the promotional period, Binance users will be entitled to real-time APR rewards.

“All users who hold open positions for USDC Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the promotion ends, users will be entitled to Real-Time APR rewards only,” Binance noted.

Market Impact of Binance’s USDC Flexible Products

The launch of Binance’s USDC Flexible Products will have a profound impact on the mass adoption of the US dollar-backed stablecoins.

The notable competition between the various stablecoins will continue to escalate in the near future. For instance, Ripple Labs CEO suggested that the US SEC will be hunting down Tether’s USDT next.

However, Tether CEO Paolo Ardoino slammed Ripple, which intends to launch a US-backed stablecoin later this year, for it is already under investigation by the US SEC.

As of this writing, Circle’s USDC has a total market capitalization of about $33 billion and a 24-hour average traded volume of about $4.13 billion.

In comparison, Tether’s USDT had a market value of about $110 billion and a daily average traded volume of about $20 billion.

Bigger Picture

The relationship between Binance and the United States has significantly improved since the historical settlement.

Already, Binance is under a tight scope of the US regulators as part of the settlement plan. Consequently, there is a high chance that Binance will continue to attract more customers over time due its robust regulatory framework.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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Crptocurrency

Tech Summit San Francisco 2024: Transforming Tomorrow

Published

18 hours ago

May 14, 2024

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San Francisco, June 19-20 – The highly anticipated annual Tech Summit San Francisco is set to illuminate the future of technology on June 19-20, 2024, from 9:00 AM at the renowned Santa Clara Convention Center.

Themed “Transforming Tomorrow,” this year’s summit promises to be a two-day extravaganza of innovation, knowledge-sharing, and unparalleled networking opportunities. With over 200 distinguished speakers, the event is set to exceed the success of the previous year, where more than 3,000 attendees delved into over 200 insightful sessions.

Tech Summit San Francisco has a history of hosting industry luminaries, and this year is no exception. Previous speakers have included Pinterest’s Tech Lead Thothathri Srinivasan, YouTube CEO Susan Wojcicki, and Guy Kawasaki, former Chief Evangelist at Apple. Attendees can expect a diverse range of perspectives and expertise from some of the most influential names in the tech world.

“We are thrilled to present Tech Summit San Francisco 2024, a dynamic platform where industry leaders, professionals, and enthusiasts converge to explore the transformative power of technology,” said Nicole, CTO at Tech Summit San Francisco. “The Santa Clara Convention Center will be the epicenter of groundbreaking discussions and innovations that will shape the future of the tech industry.”

For registration and more information about Tech Summit Europe 2024, please visit https://techsummit.tech/san-francisco/

About Tech Summit San Francisco:

Tech Summit San Francisco is an annual gathering of thought leaders, professionals, and enthusiasts from the technology industry. With a focus on innovation and collaboration, the summit provides a platform for exploring the latest trends and advancements in the tech world.

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Bybit Partners SignalPlus Launch Options Grand Prix Competition

Published

18 hours ago

May 14, 2024

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Eligible participants for the Bybit x SignalPlus Options Grand Prix may also trade perpetual and futures. However, the volume will be discounted by 50% when the rewards are being calculated.

Popular cryptocurrency exchange Bybit has inked a new strategic partnership with SignalPlus, an options trading platform to propel a competition dubbed Bybit x SignalPlus Options Grand Prix.

The competition is a two-phase event where participants get to compete for a share of a 100,000 USDC prize pool as well as other prizes.

“We’re excited to partner with SignalPlus on the Bybit x SignalPlus Options Grand Prix,” said Hao Yang, Head of Financial Products at Bybit.

“With a massive prize pool of 100,000 USDC and exciting team and individual rewards, we’re expecting an energetic and competitive event. We encourage everyone to join us and experience the thrill of options trading on Bybit and SignalPlus.”

Users Participate as a Team or Individually

Yang also touted the competition as an opportunity for experienced options traders and novices who wish to sharpen their skills.

The first phase, the semi-final, will span from May 8 through May 24, 2024. The final lap will be from May 8 to June 8, 2024.

Several traders can pull forces together as a team and stand a chance to win up to 8,500 USDC. The top four performing teams are eligible for this prize money.

The participants will be judged on the basis of trading volume and total transaction count amongst others.

Noteworthy, having several team members with a trading volume of over 500,000 USDC in each stage, can help push the ranking of a team higher than its rivals.

During the time frame of the competition, eligible teams will participate in a lucky draw daily. The winners, five team members, will go home with 50 USDC each while the overall winner for each day will score an unforgettable 3D2N Thailand getaway.

For those who decide to participate in the two phase competition as an individual, several other prizes would be available for wins during the Bybit x SignalPlus Options Grand Prix.

The top ten contenders from this category could walk away with as much as 150 USDC per individual. Interested teams and individuals are required to register before they can participate in the competition.

More Activities in The Bybit Ecosystem

Eligible participants for the Bybit x SignalPlus Options Grand Prix may also trade perpetual and futures. However, the volume will be discounted by 50% when the rewards are being calculated.

On the other hand, residents of Spain, Brazil, Hong Kong, Netherlands, and the United Kingdom are prohibited from participating in this event.

Meanwhile, this is only one of the top activities that Bybit has launched in recent times, underscoring its commitment to engage with its users.

Last week, the exchange announced plans to make Notcoin, a Telegram-based play-to-earn game, available for trading later this month. Similarly, Bybit simplified crypto purchases globally by integrating Google Pay.

This integration allows users across 35 currencies to buy cryptocurrencies effortlessly with just one click.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

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