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| BNB 
| #BNB
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| BNB Price: | $330 | | Volume: | $0.8 B | | All Time High: | $692 | | Market Cap: | $52 B |
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| Circulating Supply: | 157,219,628 |
| Exchanges: | 147
| | Total Supply: | 157,219,628 |
| Markets: | 2891
| | Max Supply: | 197,192,382 |
| Pairs: | 2220
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The price of #BNB today is $330 USD.
The lowest BNB price for this period was $0, the highest was $330, and the exact current price of one BNB crypto coin is $330.26011.
The all-time high BNB coin price was $692.
Use our custom price calculator to see the hypothetical price of BNB with market cap of ETH or other crypto coins. |
The code for BNB is also #BNB.
BNB is 5.7 years old. |
The current market capitalization for BNB is $51,923,371,810.
BNB is ranked #4 out of all coins, by market cap (and other factors). |
The trading volume is very large today for #BNB.
Today's 24-hour trading volume across all exchanges for BNB is $771,038,669. |
| The circulating supply of BNB is 157,219,628 coins, which is 80% of the maximum coin supply. |
BNB is well integrated with very many pairings with other cryptocurrencies and is listed on at least 147 crypto exchanges.
View #BNB trading pairs and crypto exchanges that currently support #BNB purchase. |
| Note that there are multiple coins that share the code #BNB, and you can view them on our BNB disambiguation page. |
Use Your Credit Card on Binance
We’ve partnered with leading payment processing company Simplex to let you buy cryptocurrencies on Binance using your credit card.. — At Binance, we support the broader use and accessibility of cryptocurrency worldwide. That’s why we’ve partnered with leading payment processing company Simplex to enable users to buy cryptocurrencies with their credit cards directly on Binance.com. Check out the feature here! Read more about it here. Use Your Credit Card on Binance was originally published in Binance Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Binance Jersey Now Live!
We are providing fiat-to-cryptocurrency trading of the Euro (EUR) and British Pound (GBP). — We have launched Binance Jersey (Binance.je), which offers secure, reliable fiat-to-crypto trading of the Euro (EUR) and British Pound (GBP) with Bitcoin and Ethereum in Europe and the U.K. Find out more about this launch on the Binance Blog! Binance Jersey Now Live! was originally published in Binance Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Binance Monthly Review — Month 18
Binance Monthly Review — Month 18 — This monthly update for Binance covers the period between Dec. 15, 2018, and Jan. 15, 2019.. — Binance renamed the ETH Trading Market to ALTS Trading Market and added TRX/XRP and XZC/XRP trading pairs with XRP as the quote asset.We also added six new trading pairs on the Stablecoin (USDⓈ) Market.We have 151 cryptocurrencies available for trading on Binance, with 406 total trading pairs as of Jan. 15. Find out more about Binance’s latest developments on the Binance Blog! Binance Monthly Review — Month 18 was originally published in Binance Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Binance Coin Burn Update
Find out straight from CZ about how many Binance Coins have been recently burned.. — For the sixth iteration of the burning of Binance Coin, 1,623,818 BNB have been burned. Find out more about this recent burn on our Binance Blog. Binance Coin Burn Update was originally published in Binance Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.
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2018 Binance Year-End Review
Binance CEO Changpeng “CZ” Zhao just wrote a letter to our friends and community.. — For us at Binance, 2018 has been a very eventful year, with many opportunities and challenges. Before the year ends, CZ wrote a year-end letter to reflect on how we approached this year and the strides we made. To provide a sneak peek of our progress, here’s the most updated compilation of Binance Coin’s use cases. To read the full letter, please go to the new Binance blog, where you’ll see all our news and updates, as well as original content, such as thought leadership pieces from our visionaries and the community. Read the full letter here! 2018 Binance Year-End Review was originally published in Binance Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Binance Monthly Review — Month 17
Binance Monthly Review — Month 17 — Check out the biggest developments from Binance and its ecosystem!. — For today’s monthly update, Binance breaks down all the major events for our ecosystem, from the new listings and tech enhancements to our trading platform, to various developments across our different divisions. To read the full report, please go to the new Binance blog, where you’ll see all our news and updates, as well as original content, such as thought leadership pieces from our visionaries and the community. Read the full monthly update here! Binance Monthly Review — Month 17 was originally published in Binance Exchange on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Binance báo cáo hoạt động tuần | 3–9/12/2018
Trong tuần vừa qua, chúng tôi đã thực hiện một số hoạt động lớn như ra mắt bản preview Binance Dex và tính năng tài khoản phụ cho khách hàng doanh nghiệp trên sàn giao dịch.. — Xem lại báo cáo tuần trước của Binance tại đây — 1. Ra mắt bản preview Binance DEX. — Binance DEX là dự án cộng đồng của sàn giao dịch Binance nhằm tạo ra một sân chơi mới của cộng đồng và dành cho cộng đồng, một phần trong sứ mệnh lan toả tính tự do ti n tệ của chúng tôi. Xem video dưới đây để biết thêm thông tin chi tiết. — 2. Binance ra mắt tính năng tài khoản phụ. — Với tính năng tài khoản phụ, chúng tôi đang tiến gần hơn tới một dịch vụ toàn diện cho khách hàng tổ chức. ể biết thêm thông tin v tài khoản doanh nghiệp, hãy liên hệ với chúng tôi tại corporate@binance.com hoặc xem thêm mục FAQ của chúng tôi để tìm hiểu thêm. — 3. CZ diễn thuyết tại Forbes Asia Forum. — Tại Diễn đàn Forbes Châu : Blockchain cho doanh nghiệp được tổ chức ở Singapore, CEO Changpeng Zhao đã chia sẻ quan điểm của ông v một số chủ đ nóng v blockchain trên thế giới, từ stable coin, tình hình thị trư ng hiện nay đến sự ra mắt của Bin... 
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Binance Weekly Report | Dec. 3–9, 2018
In this report, we talk about the latest about Binance DEX, as well as a new sub-account feature, CZ’s tattoo, and more.. — The Binance Weekly Report is a roundup of the latest updates within the Binance ecosystem. We also provide a recap on some of the biggest news in the blockchain world, in the Around the Blockchain Universe segment. See last week’s Binance Weekly Report here. — 1. New preview for Binance DEX. — This past week, a new preview of the upcoming Binance DEX went live. Binance DEX is made by the blockchain community, for the blockchain community, with support from Binance developers, as part of advancing our mission to spread the freedom of money. Watch the video below for more details. — 2. Binance launches sub-accounts feature. — With our new sub-account feature, we are moving one step closer to a comprehensive, full-stack offering for institutional clients. For more information on corporate accounts, reach out to us at corporate@binance.com, or check out our FAQ to learn more. — 3. CZ speaks at Forbes Asia Forum, shows Binance tattoo. — During the “Forbes Asia Forum: Decrypting Blockchain For Business in Singapore, CEO Changpeng “CZ Zhao shared his thoughts on several hot topics in the blockchain world, from stable coins and the current market to the upcoming Binance Chain. He even showed his newly-inked tattoo. To watch the full interview, click h...
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Sàn giao dịch Binance ra mắt tính năng Tài khoản phụ
Với tính năng tài khoản phụ, chúng tôi đang tiến gần hơn tới một dịch vụ toàn diện cho khách hàng tổ chức.. — Ngày hôm nay, Binance xin vui lòng thông báo sự ra mắt của tính năng Tài khoản phụ đã được mong đợi từ lâu. Tính năng này giúp các khách hàng doanh nghiệp có khả năng kiểm soát tài sản tốt hơn trên Binance. — Hỗ trợ lên tới 200 tài khoản phụ cho 1 tài khoản chính. — Tại Binance, chúng tôi không ngừng cố gắng đáp ứng nhu cầu cũng như nâng cao trải nghiệm của người dùng. Sự ra đời của tính năng tài khoản phụ cho phép khách hàng tạo ra nhiều tài khoản giao dịch trong cùng một tổ chức và kiểm soát truyền truy cập ở cấp tài khoản. Tài khoản gốc/chính có quyền kiểm soát duy nhất dòng tiền lưu chuyển giữa các tài khoản cũng như khả năng cấp quyền và các quyền truy cập cho hơn 200 tài khoản phụ khác. Bên cạnh đó, mỗi một tài khoản phụ sẽ được thiết lập bộ giới hạn API riêng, cho phép họ giao dịch với nhiều quyền tự do hơn và với khối lượng cao hơn. Với tôn chỉ hàng đầu là bảo đảm sự an toàn cho người dùng trên sàn giao dịch, tính năng tài khoản phụ một lần nữa đã chứng minh được t...
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Binance Introduces Sub-Account Support
With our new sub-account feature, we are moving one step closer to a comprehensive, full-stack offering for institutional clients.. — Binance is thrilled to announce the launch of our long-anticipated sub-account feature, which brings improved managerial control and asset audit tools to institutional account holders. — Take control of your corporate trading strategy. — At Binance, we strive to fulfill the needs of our users and to constantly improve the user experience. The ability to have sub accounts was one of our most-requested features — we have been working on this functionality and are happy to now offer this to our institutional accounts. This upgrade will serve entities looking to set up multiple trading accounts within one organization and control access on an account level. The original/main account has sole control over the movement of assets within the accounts as well as the ability to set permissions and grant different access levels for up to 200 sub accounts. API users will be pleased to know that each sub account will have its own set of API limits, enabling them to trade with more freedom and at a higher capacity. Security is a core principle of our firm, and this principle also underlies the design of this new feature. Account login information has been properly subdivided to maximize security and minimize risk. The VIP tiers will be calculated on an aggregate basis, and correspon...
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 | Crypto Price Analysis Mar-17: ETH, XRP, ADA, BNB, DOT
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot.
Ethereum (ETH)
This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. This spectacular rally allowed it to break above the key resistance at $1,660, which has now turned into support.
With the uptrend in full swing, this cryptocurrency can reach $2,000, which is a key psychological level. The momentum indicators are bullish, and there is no sign of exhaustion yet.
Looking ahead, it seems likely that ETH could move higher and test the key resistance levels found at $1,800 and $2,000. Sellers already paid an expensive price trying to short the market, and for this reason, they are absent at this time.
Chart by TradingView
Ripple (XRP)
While most of the market is rallying, XRP appears to be lagging behind, registering only a 1% increase this past week. This is rather surprising, considering the bullish sentiment across the board.
As XRP is a momentum coin, it could be that its price will catch up at a later time when money will rotate from altcoins that are currently registering significant moves. The key resistance is found at 40 cents, and the support was well defended to date, at just above 34 cents.
Looking ahead, XRP appears to be trending between the key levels without any significant breakout.
Chart by TradingView
Cardano (ADA)
Cardano's downtrend came to an abrupt stop thi...
|  | Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement.CZ's Decision to Convert $1 Billion BUSD Comes Amidst Troubles for Stablecoins
Binance CEO Changpeng Zhao (CZ) announced on Monday that the company had converted $1 billion BUSD into bitcoin (BTC), BNB, and ethereum (ETH). 'Given changes in stablecoins and banks, Binance will convert the remaining $1 billion from the Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB, and ETH. Some fund movements will occur onchain. Transparency,' Zhao said.
After tweeting the announcement, CZ shared an address for the Industry Recovery Initiative and a transaction explorer link for the transfer that the exchange handled. One person replied to CZ's Twitter thread and said: 'People who are a bit unnerved by recent stablecoin developments will feel much more reassured.' The Binance CEO responded that he 'didn't even think about it that way. I was just discussing how to keep the funds in a safe asset. But that works too.'
At the time of writing, Binance holds 7.56 billion BUSD stablecoins, according to Nansen's exchange portfolio tool. CZ's announcement comes as USDC had troubles this weekend holding parity with the US dollar after the failure of Silicon Valley B...
|  | Binance Will Convert $1B Into BTC, BNB, ETH, Bitcoin Price Skyrockets to...
The past week has been wild altogether and not just in the cryptocurrency market. A major bank in the US - Silicon Valley Bank - experienced what was essentially a bank run and was forced to shut down by authorities to prevent further panic.
The government, in the face of the Federal Reserve and the Treasury, as well as the FDIC, were quick to come up with a rescue plan, but at the same time, also shut down Signature Bank - the last one of the three crypto-facing financial institutions in the US.
Amid all of the above, the CEO of Binance - Changpeng Zhao, took to Twitter to reveal that they plan to convert the remainder of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto.
Given the changes in stable coins and banks, Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB, and ETH. Some fund movement will occur on-chain. Transparency.
Perhaps somewhat expectedly, the cryptocurrency market took for the sky, adding to the gains it had already charted hours before the announcement.
Bitcoin's price hit an intraday high of $22,600 (on Binance) and is currently up 6% on the day.
Ethereum is up around 8% on the day, while BNB soared by roughly 10%.
The Industry Recovery Initiative was announced by CZ back in November 2022.
To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liq...
|  | BTC Proxy Is Live on BNB Chain and Interoperable With WBTC and BTCB
PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on or after March 10th, 2023. This fulfilled a vision of allowing the Proxy community to utilize their Bitcoin for use in DeFi on Polygon, Ethereum and BNB Chains.
BTC Proxy's expansion to the three networks allows the Minting of BTCpx token using BTC Bitcoin, WBTC ERC20 and Polygon as well as BTCB BEP20. This is a major leap forward for the Bitcoin DeFi ecosystem as it opens up the protocol to 19.2M Bitcoins in circulation as well as 52,979 BTCb on Binance as well as 176,097 WBTC in circulation on Ethereum and Polygon.
No other project offers the usage of insured custody to hold Bitcoin. BTC Proxy is suitable for full custody investment funds and holders that need the assurance of a qualified custodian.
Qualified custodians reduce counterparty risk as the holdings are insured and regulated and required to segregate client funds and are not permitted to trade or leverage their holdings. This is a hot topic since the collapse of major centralized platforms like FTX and Celsius have eroded consumer trust in cryptocurrencies. BTC Proxy is integrated with leading custodians such as Binance Custody, Fireblocks and Gemini Trust.
Users using BTCpx can now freely move it seamlessly from one network to another and redeem it for real BTC with the...
|  | Crypto Price Analysis Mar-3: ETH, XRP, ADA, BNB, SOL
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana.
Ethereum (ETH)
The market suffered a sudden drop last night, and Ethereum was not spared, decreasing by 5% in the past week. This took the price back to the key support at $1,550. Buyers are now put under pressure, and it is uncertain if this selloff has ended or may continue.
This latest drop comes after ETH was rejected at the $1,700 resistance. While the price remains within a flat channel on the daily timeframe, a break below the current support can quickly take it much lower.
Looking ahead, the price action has turned bearish on most cryptocurrencies, and the sellers appear in charge.
Chart by TradingView
Ripple (XRP)
Ripple quickly fell to the 36 cents support level overnight, booking a 5.6% decline this past week. With clear lower lows and lower highs, the trend is bearish for the time being.
Should the support level fail to stop sellers, then Ripple will likely trend downwards to 33 cents. Buyers do not appear interested in XRP at this time, and the key resistance is found at 40 cents.
The daily momentum indicators, such as the MACD and RSI, are both bearish and picking up speed as they fall, so there is little hope for a speedy reversal. For this reason, this correction can still continue for some time.
Chart by TradingView
Cardano (ADA)
Cardano suffered much more than XRP, broke below its critical support at 35 cents, and is well on its way to reaching 30 cents. This latest drop...
|  | DeFi Platform CoW Protocol Loses Over 550 BNB in Contract Exploit
Decentralized finance (DeFi) protocol CoW Swap has suffered a smart contract exploit, leading to the loss of approximately 551 BNB ($181,600).
According to reports, the attacker added a wallet address as a 'solver' of CoW Swap and invoked a transaction to approve DAI transfers to SwapGuard before moving the assets to other addresses.
A Settlement Contract Exploit
Blockchain surveyor MevRefund first noticed the attack in the early hours of today. The maximal extractable value (MEV) searcher tweeted that CoW Swap's funds were being moved, adding that the protocol's SwapGuard feature had been granted allowance and allowed anyone to make 'arbitrary function calls.'
Within an hour, blockchain security firm PeckShield revealed that CoW Swap's GPv2Settlement contract was tricked ten days ago, approving SwapGuard for DAI spending.
At the time of the exploit, the attacker just triggered the SwapGuard to transfer DAI out of the GPv2Settlement contract.
In a more detailed explanation, blockchain security platform BlockSec disclosed that the attacker had added a wallet address as a solver of the protocol by the multi-sig, hence, the ability to approve the transactions. Since the DAI transfer was approved from the settlement contract, the exploiter could also approve transfers to arbitrary addresses.
'A lesson learned. A contract with the interface of arbitrary call should not have any allowance, 0x55a37a2e5e5973510ac9d9c723aec213fa161919 made the mistake and approved the maximum value o...
|  | Binance to Distribute $5M Worth of BNB to Earthquake-Affected Turkish Us...
The largest cryptocurrency exchange - Binance - added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake.
It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute.
Binance vowed to airdrop $100 in BNB to customers situated in Turkey's most damaged cities from the earthquake, including Gaziantep, Kilis, Kahramanmara?, Adana, Malatya, and more. The total distribution equals 94 million Turkish lira, or $5 million. Speaking on the matter was CEO Changpeng Zhao (CZ):
'The recent earthquakes in Turkey have had a devastating impact on so many people and communities. We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis.'
In addition, the exchange introduced a public donation address where people can send BTC, ETH, BNB, BUSD, and XRP to ease the locals' suffering.
Binance's rivals - Bybit, BitMEX, and Bitfinex - were the first cryptocurrency firms to support victims of the tragedy. BitMEX vowed to donate the proceeds of this week's Trading Competition to the Red Crescent, while the others will deliver aid packages.
The most powerful earthquake in Turkey in the past century struck the country's southern region in the early hours of February 6. Over 4,000 people were confirmed dead, while tho...
|  | A16z Exerts Control Over Uniswap by Downvoting BNB Chain Deployment
Crypto venture firm a16z has used its 15 million UNI token voting block to vote against a proposal that would use the Wormhole bridge for Uniswap V3 deployment on BNB Chain.
According to the ongoing results of the proposal vote, a16z’s overwhelming token stash enabled it to control around half of the votes so far, pushing the decision its way.
The proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on Feb. 2. It was made by 0xPlasma Labs on behalf of the Uniswap Community, following a temperature check with 80% in favor of the proposal.
The voting period will conclude on Feb. 10, and only 3% or 30.5 million votes had been cast at the time of writing. For a vote to pass, it must achieve a quorum of 4% or 40 million UNI tokens. A16z has made every effort to make sure this doesn’t happen.
Uniswap Controlled by VCs
The move has the crypto community riled and calling for answers from a protocol that claims to be decentralized.
You’re being lied to about the governance of UNI@a16z could control 41.5M UNI through 11 wallets, which represents more than 4% of the supply
4% is the required amount to pass any proposal ↓ https://t.co/mVdTukYstD pic.twitter.com/u7l9kBFIWF
— Bubblemaps (@bubblemaps) February 5, 2023
The decision to downvote appears to have been driven by the choice of cross-chain bridge in the proposal. 0xPlasma Labs have preferred Wormhole, whereas a16z is in favor of LayerZero.
“As a result of a very complex...
|  | CryptoGames Introduces Binance Coin (BNB) as Payment Option
[PRESS RELEASE - Please Read Disclaimer]
CryptoGames, a leading cryptocurrency-based online gaming platform, has recently announced the addition of Binance Coin (BNB) as a payment option. This is great news for the platform's users who can now enjoy seamless transactions with their Binance Coin wallets. The integration of Binance Coin will not only offer faster and more secure transactions, but it will also reduce the fees for users.
With Binance Coin, CryptoGames users can enjoy fast and secure transactions without the need to convert their coins to another currency. Binance Coin transactions are processed almost instantly, making it possible for users to deposit and withdraw funds almost instantly. Furthermore, the reduced fees make it a more cost-effective option for users, especially those who play on the platform frequently.
The platform offers a wide range of games, including Dice, Slot, Roulette, Blackjack, Plinko, Video Poker, and Keno where uses can play and win with BNB. Each game is designed to provide a unique gaming experience, from the simple and easy-to-play Dice game to the more challenging Video Poker.
In addition to its wide range of games, CryptoGames also places a strong emphasis on security and privacy. The platform uses advanced security protocols to ensure that players' personal information and funds are protected at all times.
About CryptoGames
CryptoGames is a leading cryptocurrency-based online gaming platform that offers a wide range of classic casi...
|  | BNB Price is Surging as The Gates To $400 Are Now Open
BNB price (Binance coin) found support near $300 against the US Dollar. BNB rallied above $320 and might aim more upsides towards the $400 level.
Binance coin price started a steady increase from the $300 support against the US Dollar. The price is now trading above $320 and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $320 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could is rising and might climb further above the $335 resistance zone. Binance Coin Price Rallies Over 5%
This past week, BNB price formed a support base above the $300 level. The bulls were active and they were able to pump the price above the $310 and $312 resistance levels.
The price is up over 5% in a day and there was a move above the $320 resistance. Besides, there was a break above a major contracting triangle with resistance near $320 on the 4-hours chart of the BNB/USD pair. The pair is now showing positive signs, similar to bitcoin and ethereum.
BNB traded as high as $332 and is currently consolidating gains. It is now trading above $320 and the 100 simple moving average (4-hours). It is also well above the 23.6% Fib retracement level of the upward move from the $301 swing low to $332 high.
Source: BNBUSD on TradingView.com
On the upside, the bears are protecting the $332 and $332 resistance levels. The next major resistance is near the $350 level, above which the price is likely to aim a test of t...
|  | Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB
This week, we take a closer look at Ethereum, Ripple, Cardano, Aptos, and Binance Coin.
Ethereum (ETH)
Ethereum's rally cooled off this week after its price failed to stay above $1,600, booking only a 2% increase. The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears imminent.
Considering the above, it is hard to expect buyers to hold onto the price in the near term as a pullback and correction seem more likely. At best, buyers can aim to defend the key support levels at $1,550 and $1,400.
Looking ahead, ETH may enter a low volatility period after such a steep rally. This could turn out to be bullish as long as buyers don't allow the price to fall too low, allowing them to set up a good foundation for the next push higher.
Chart by TradingView
Ripple (XRP)
XRP is found in a similar situation to Ethereum. Its price booked a 4% increase in the past week, but the momentum from the bulls appears to be fading. It appears that market participants are more interested in testing the key support at 40 cents as opposed to challenging the resistance at 44 cents.
If buyers fail to hold at $0.40 cents, then this cryptocurrency could quickly fall lower toward the next level of support at $0.36. That would also turn the market sentiment bearish for XRP.
Looking ahead, the volatility will likely increase when the levels of support are reached. This means that it's important to remain very cautious.
Chart by TradingView
Cardano (ADA)
Carda...
|  | 80% Of Uniswap Holders Support BNB PoS Chain For Deploying V3 Protocol
Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book.
For the v3 launch, the protocol carried out a 'temperature test' for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens.
Surprisingly, about 80% of the UNI holders supported the Uniswap v3 deployment on the BNB Chain, Ethereum's rival. Unfortunately, this left a smaller percentage of votes for the Ethereum blockchain, making it lose the temperature check proposal.
We’re excited to share that our @0xPlasma proposal to deploy @Uniswap v3 on @BNBCHAIN has passed the "Temperature Check" with 20M votes "YES" and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History). Moving forward to the final "Governance Proposal" pic.twitter.com/HoIJgY8mX1
— 0xPlasma Labs: DeFi & NFT Metaverse (@0xPlasma) January 22, 2023
0xPlasma Labs, a decentralized finance protocol, contributes to the proposal. According to the post on Twitter, the firm noted that the 'Temperature Check' on the proposal got 20 million votes for 'YES.' In addition, the supporting votes came from 6,495 $UNI voters, the most significant voting numbers in the history of Uniswap's Governance syst...
|  | BNB at Highest Levels Since FTX Crash, Lido (LDO) Taps 5-Month Peak: Mar...
Bitcoin's adventure around $23,000 continues as the asset pumped above that level hours ago but now sits still just under it.
Only a handful of altcoins have produced more impressive 24-hour gains, including BNB and LDO, both of which tapped multi-month highs.
BNB, LDO on a Roll
With Binance having a key role in FTX's rapid demise, the exchange's native cryptocurrency was among the most volatile during the crash two months ago. At one point, it spiked from $300 to almost $400 in hours before retracing just as hard along with the rest of the market.
The most substantial price decline came on December 17 when BNB slumped to a multi-month low of $220. However, it began to gradually increase in value in the following days, and the early 2023 run has only pushed it higher. This culminated in a price jump to over $320 earlier today - the highest BNB has been since the FTX fiasco unfolded.
Lido DAO's native crypto has also been riding high for the past several weeks. The last 24 hours brought a 6% increase, which pushed LDO to over $2.6. This became its highest price tag in over five months.
Most other altcoins are slightly calmer. Ethereum, in the 9th year of its announcement, continued to trade above $1,600 despite a minor retracement.
The crypto market cap remains close to $1.050 trillion on CoinMarketCap.
Cryptocurrency Market Overview. Source: Quantify Crypto
Bitcoin Sits Still at $23K
Ever since the primary cryptocurrency finally broke above $17,000 a few weeks back, it has be...
|  | GMX Generates More Fees than BNB Smart Chain and Bitcoin
GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin.
GMX Is The Third Most Active Platform
According to statistics, GMX's 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees, over the same period, stood at $524,232 and $328,935, respectively.
Ethereum and Uniswap are the only two major protocols more active than the perpetual trading decentralized exchange, per the above data. During this time, the total Gas fees accrued in Ethereum exceeded $5 million. In Uniswap, it was over $2.1 million, roughly 4x GMX's and BSC's daily fees.
GMX supports trading various coins, including BTC, ETH, and AVAX. As of writing, GMX had $96,802,651,673 in total trading volume with open interest, that is, the number of opened positions, long and short, of $207,102,720. Meanwhile, over 208,000 active traders were using the platform to trade on Arbitrum and Avalanche. GMX launched on Arbitrum and Avalanche, considering their scalability and low fees versus Ethereum.
Arbitrum is Ethereum's layer-2 platform permitting scalable and low-fee trading fees. On the other hand, Avalanche is scalable and boasts the fastest settlement time in crypto. By launching on these two platforms, GMX says it allows users to save on costs by entering and exiting positions with minimal spread and zero price impact.
Traders take the profits of selling positions in USDC...
|  | 4 Bullish and 2 Bearish Considerations for Binance Coin (BNB) Heading in...
The cryptocurrency market staged an early recovery at the beginning of 2023, but many remain skeptical as to whether the ongoing rally will last.
Some exchanges, including Coinbase and Crypto.com, continue with their staff cuts in a bid to weather the macro bear market, but others remain resilient. Case in point - Binance.
BNB Coin is the native token of the exchange. It's a base layer cryptocurrency and operates as the base unit of currency for the Build 'N' Build Chain (formerly: Binance Smart Chain) or BNB Chain. It also works as originally intended, as a utility token for the exchange, offering users perks like discounts on trading fees and a nerdy cult of intensely deflationary tokenomics.
The following summary outline is not a precise BNB Coin price prediction. But instead, it provides an overview of some selected major potential headwinds and tailwinds BNB faces over the course of 2023.
Four Major Tailwinds for BNB's Price in 2023
Bull Run: BTC Price Could Continue Rallying
The Bitcoin price is the fundamental force of gravity in the crypto exchange market economy. As the price of Bitcoin goes, so goes the price of altcoins.
Although the Ethereum network has increasingly challenged its dominance.
Nevertheless, even at this advanced stage of Ethereum deployment and development, its prices are inextricably intertwined with the economics of Bitcoin. They bear a strong statistical correlation.
So, crypto investors can expect the BNB to take a ride up or down on Bitcoin's ...
|  | Binance Coin (BNB) Forms Bearish Pattern, But Fundamentals Look Strong
In the wake of FTX's collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust and excessive price losses.
Slowly and gradually, however, investors seem to be regaining confidence in Binance. The BNB price has risen 9.3% over the last seven days, reaching $301 at press time.
Although there was some positive news from Binance yesterday and today, the BNB price is facing a bearish pattern on the weekly chart. The pattern usually predicts a trend reversal and shows three peaks, with the two outer ones close to each other and the middle peak being the highest.
The left shoulder forms when investors drive the price up, and then temporarily lose their enthusiasm. The head builds up when enthusiasm reaches its peak. The right shoulder forms when the price rises again, but does not reach its previous peak before falling again.
The head of the BNB weekly chart was formed in the week when FTX filed for bankruptcy. In the following weeks, the price fell before BNB experienced a recent rally thanks to the generally bullish market sentiment. With this, BNB is in a crucial scenario.
If BNB breaks the neckline at $210 to the downside, the chart pattern could validate and BNB could see a downtrend within the next few weeks, pushing the price toward $153.
Binance Coin Counts On S...
|  | Binance Burns $620 Million Worth of BNB
The world's largest cryptocurrency exchange continues with its goal to reduce the overall BNB in circulation to 100 million.
To do so, the company announced completing the 22nd burn of its native token.
Binance's statement informed that it has removed 2.064 million BNB from circulation, worth almost $620 million at today's prices.
The 22nd burn became the largest in terms of BNB tokens since the record-setting 14th, which happened two years ago.
7,181 out of the 2.064 burned today came from the company's Pioneer Burn Program. Introduced in 2020, the feature aims to aid people who have lost access to their BNB tokens once they submit requests through the customer service page and are approved by the exchange.
The Pioneer Burn Program works alongside the other BNB burning processes, more of which you can find here.
#Binance completes 22nd quarterly #BNB burn!
2.06m #BNB has been burned pic.twitter.com/21v9R7H78K
— Binance (@binance) January 17, 2023
Binance's native crypto has been on a roll since the start of the year, along with the rest of the market. It entered 2023 at around $240 but soared by double digits in the following few weeks.
This culminated in a surge to $315 on Saturday, which painted BNB's highest price tag since late November 2022. Despite retracing slightly since then, the asset still trades above $300.
The post Binance Burns $620 Million Worth of BNB appeared first on CryptoPotato.
|  | Crypto Price Analysis Jan-13: ETH, XRP, ADA, BNB, and SOL
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana
Ethereum (ETH)
With a spectacular start in 2023, Ethereum continued its rally and booked a 12.7% increase in the past seven days. This brings the price closer to $1,500, which is also going to act as a key resistance.
The bulls are in full control of the price action, but they may run out of steam at this rate. It is very hard to know when this rally will take a break, but a pullback becomes more likely the higher the price moves. The current support is found at $1,300.
Looking ahead, ETH remains bullish, and if the buying volume continues to increase, then we could see it move even higher in the coming week.
Chart by TradingView
Ripple (XRP)
XRP is not far behind Ethereum, with a 10% price increase in the past week. This uptrend looks solid, and there is still space until the key resistance at $0.40. This gives the bulls room to maneuver in the coming days.
The current support is found at $0.36, and with the price making higher highs, optimism is building up in the market. The RSI indicator is not yet overbought on the daily timeframe, which supports further increases in the price.
Having managed to narrowly avoid a lower low in early January compared to June 2022, this cryptocurrency could end up forming a double bottom. To confirm this scenario, the price would have to move above 42 cents. The current outlook is positive, but XRP may struggle as it approaches the key resistance.
Chart b...
|  | BNB Price Gearing For Another Lift-Off to $300: Rally Isn't Over Yet
BNB price (Binance coin) found support near $240 against the US Dollar. BNB rallied above $260 and might aim more upsides towards the $300 level.
Binance coin price started a recovery wave from the $240 support against the US Dollar. The price is now trading above $265 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $250 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could is rising and might climb further above the $280 resistance zone. Binance Coin Price Climbs Higher
This past week, BNB price formed a support base above the $240 level. There was a strong recovery wave started above the $250 resistance zone.
There was a break above a major bearish trend line with resistance near $250 on the 4-hours chart of the BNB/USD pair. The pair gained pace above the $255 and $260 resistance levels. Yesterday, there was a push above the $270 resistance zone, similar to bitcoin and ethereum.
BNB traded as high as $283 and is currently consolidating gains. It is now trading above $265 and the 100 simple moving average (4-hours). It is also near the 23.6% Fib retracement level of the upward move from the $240 swing low to $283 high.
Source: BNBUSD on TradingView.com
On the upside, the bears are protecting the $280 and $285 resistance levels. The next major resistance is near the $292 level, above which the price is likely to aim a test of the $300 level in the near term. Any more gains mi...
|  | Binance Acquisition Moves See BNB Riding A Wave of Enthusiasm
Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company’s acquisition moves hit the industry.
According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax. The deal was originally scheduled to be revealed last year, and it involved Binance buying the stock holding from Lee Jun-hang, Gopax's top stakeholder.
BNB, Binance’s native token, took the news to heart with a weekly gain of 5.5%. As of this writing, BNB is trading at $255, data from Coingecko shows.
Binance And South Korea, A Mixed History
This has not been the first time Binance entered a business venture in Korea. In the period of 2020 to 2021, Binance KR trading pairs and a hard shutdown of the service in the country was completed. This was due to tight crypto regulation in the country.
Gopax was hit hard after FTX collapsed. During this time, the exchange experienced a liquidity problem forcing the Korean exchange to suspend payments.
With the onset of Binance capital flowing into the exchange, we can expect Gopax to rebound from last year’s disaster.
Binance, on the other hand, promised to comply with local regulation as they partnered with the port city of Busan in August of last year. This partnership will develop the city’s blockchain infrastructure for its future city-backed digital asset exchange.
What Does This Mean To BNB? With almost no barrier now, this development should push through...
|  | BMW Revamps Operations With Blockchain Technology From Coinweb And BNB C...
Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker's infrastructure in order to improve the efficiency of financial transactions.
Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW's customers in Thailand. To achieve this, the two companies plan to implement two different roadmaps in 2023.
The Project Will be Divided Into Two Phases
The first phase of the partnership will involve the creation of a roadmap to assess the use of cross-chain parallel-executing smart contracts to automate manual processes that are time-consuming and resource-intensive for the company.
Coinweb brings blockchain technology to BMW - Introducing their mass user base in Thailand to the cross-chain infrastructure.https://t.co/lrKKc9YeaG
Ecstatic to be ending 2022 with a
What will 2023 bring us? pic.twitter.com/Z666FHlEzS
— Coinweb.io (@CoinwebOfficial) December 29, 2022
Coinweb plans to implement a fully integrated Anti Money Laundering (AML) and Know Your Customer (KYC) tool based on Thailand's NDID system to streamline the process of applying for vehicle financing and reduce the associated pain points.
In the second phase of the partnership, Coinweb will create a Software as a Service (SaaS) Web3 application to develop a blockchain-based loyalty program for BMW Group customers in Thailand. Binance's BNB Chain wil...
|  | BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022
Today's top ten crypto assets make up a large portion of the crypto economy's current $797.95 billion value on Dec. 29, 2022, and many of them are some of the most popular digital currencies today. While coin market capitalization aggregation sites allow patrons to add their favorite coins to a watchlist, between coingecko.com and coinmarketcap.com, bitcoin is the most watched top ten crypto coin in 2022 as it's on approximately 4,848,865 watchlists today.The Top Ten Crypto Market Cap Coins in Terms of Watchlist Numbers
As 2022 comes to an end, crypto market and price aggregation websites like coinmarketcap.com (CMC) and coingecko.com (CG) offer watchlists so visitors can hone in on their favorite coins or maybe the coins held in their portfolio. In basic terms, a watchlist is a specific set of crypto assets that a person selects in order to monitor and it can be viewed without monitoring all the other crypto assets the individual doesn't care about.
In traditional finance, investors have watchlists for stocks and commodities as well so they can keep an eye on an asset's market value. While looking at the top ten crypto assets on Dec. 29, 2022, each crypto coin has a number of how many users selected a specific coin to add to their watchlist. Between the CG and CMC coin market cap aggregation sites, bitcoin (BTC) is the top coin in terms of watchlists.
At the time of writing on CG, bitcoin (BTC) is on 1,192,111 watchlists, and on CMC, bitcoin is on 3,656,754 watchlists, whic...
|  | BitKeep Wallet Exploited for $8M in BNB, ETH, USDT, DAI
PeckShield, the blockchain analytics and security company, reported earlier today that some BitKeep wallet users had their funds drained from the platform.
According to the current estimations, the total amount stolen is roughly $8 million in various digital assets.
After Hacktober, which was the worst month in the crypto industry in terms of hacks and exploits, the attackers seem to be back on the offensive as of now.
The latest to fall victim is the BitKeep wallet, according to Peckshield. The security firm cited a BitKeep official, saying 'several users' funds were stolen.'
They blamed it on a hacked APK version previously downloaded. Some Twitter users confirmed it, saying they had received suspicious emails recently about downloading another version of the wallet, which they thought it could be phishing attacks.
PeckShield added that the amount of stolen cryptocurrencies is about $8 billion for now, including BNB, ETH, USDT, and DAI.
#PeckShieldAlert #BitKeep reported that several users' funds were stolen, the official stated that possibly due to downloading a hacked APK version
∼$8M worth of assets have been stolen so far, including ~4373 $BNB, 5.4M $USDT, 196k $DAI, and 1233.21 $ETH pic.twitter.com/ZdomZGFWRO
— PeckShieldAlert (@PeckShieldAlert) December 26, 2022
BitKeep confirmed the exploit on its official Telegram channel, urging users to transfer their funds to the official app available on Google Play Store or the App Store, if they had downloaded t...
|  | Crypto Price Analysis Dec-23: ETH, XRP, ADA, BNB and DOT
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot
Ethereum (ETH)
ETH fell by 3.1% in the past seven days after it lost the support at $1,240, which has now turned into a resistance. The bulls stepped up at $1,150, and since then, ETH has been trending upwards.
In the next few days, this cryptocurrency seems likely to attempt to reclaim the $1,240 level as support. However, to achieve this, buyers need to keep it up. So far in December, the bulls have been rather shy in taking over the price action.
Looking ahead, ETH did manage to stop the price from making lower lows in contrast to many other altcoins that fell to new yearly lows (see ADA and DOT below). This is a sign of strength for ETH. As long as the price does not fall under $1,100, then buyers have a good shot at pushing ETH higher in the new year.
Chart by TradingView
Ripple (XRP)
XRP suffered a significant drop in price, falling by 6.7% in the past seven days. At the time of this post, this it appears to have found good support at $0.33, and the key resistance is at $0.36.
The good news for XRP is that its price did not make a lower low with this most recent drop. This gives hope that the worst might be behind us, and buyers may prevent a lower low from happening in the future.
Due to low volatility at this time, XRP could range between the key levels for a while before breaking out. To flip the bias to bullish, the price has to break above the resistance at $0.36 with good vo...
|  | BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists
BNB price (Binance coin) found support near $220 against the US Dollar. BNB is rising, but the bears could take a strong stand near the $265 zone.
Binance coin price started a recovery wave from the $220 support against the US Dollar. The price is now trading below $265 and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $265 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could start a fresh decline unless there is a clear move above the $265 resistance. Binance Coin Price Faces Resistance
This past week, BNB price saw a major decline below the $250 support zone. It gained bearish momentum against bitcoin, ethereum and other peers. The price tumbled below the $235 support against the US dollar and tested the $220 support.
A low was formed near $220.1 and the price recently started a recovery wave. The price climbed above the $230 and $235 resistance levels. There was a clear move above the 23.6% Fib retracement level of the key drop from the $291 swing high to $220 low.
However, bnb price is still trading below $265 and the 100 simple moving average (4-hours). On the upside, the bears are protecting the $250 and $255 resistance levels. The 50% Fib retracement level of the key drop from the $291 swing high to $220 low is also near the $256 level.
Source: BNBUSD on TradingView.com
The next major resistance is near the $265 level. There is also a crucial bearish trend line forming with r...
|  | Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer
BNB Price has been seeing a lot of declines since Binance came under fire for the audit published by Mazars. Fear, Uncertainty and Doubt (FUD) had spread like wildfire, leading to more than $5 billion in withdrawals from the crypto exchange. Nevertheless, Binance was able to withstand the onslaught and amid all of this, activity on the Binance Smart Chain has fallen drastically, painting a bearish picture for the BNB price.
Binance Chain Activity Drops By 15%
Last week, there had been a lot of activity on the Binance Smart Chain which saw daily active addresses climb as high as 1.2 million at the start of the weekend. However, as the new week is ushered in, this metric has taken a swift beating and the number of daily active addresses has declined dramatically.
Data from YCharts show that in the last 24 hours, Binance Smart Chain active addresses were down by more than 15.70%. This showed a complete reversal in the high usage recorded between Friday and Saturday when activity on the chain had surpassed all other blockchains. Currently, the number sits at 947,414 daily active addresses on the blockchain. So from Friday to now, active addresses are down by more than 150,000.
New unique addresses per day were also down during this time and are down by 15.27% in the 24-hour period. Likewise, transactions per day also took a beating, falling 15.27% during this time while transaction fees realized on the network declined by 10.86%.
Interestingly, the daily active BEP-20 ad...
|  | BNB Leads Recovery Efforts While Bitcoin Struggles Below $17K (Weekend W...
Over the past day, the total cryptocurrency market capitalization managed to recover a few billion, but the overall market saw no considerable volatility, and volume is drying up.
Some altcoins managed to pull ahead, but the broader sentiment remains fearful.
Bitcoin Struggles Below $17K
Bitcoin's price was unable to hold above the $17K level yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has failed to recover and is currently trading at around $16,670.
Source: Binance via TradingView
BTC's price is down about 2.4% on the week and is only up 0.2% in the past 24 hours, unable to stage a clear recovery.
Bitcoin's dominance - used to primarily gauge its share relative to that of the rest of the market - sits still at 38.2% (according to CoinGecko).
Altcoins Calm, BNB Pulls Ahead
For the most part, altcoins have also been standing still over he past day, unable to produce any meaningful increases, with certain exceptions.
The best performer from the top 10 coins by means of total market capitalization is Binance Coin. BNB is up 4%, trading at slightly below $250 at the time of this writing.
Source: Quantify Crypto
Overall, for the second day in a row, Toncoin (TON) remains the best performer from the top 100, up 6.2%. The cryptocurrency is now up a whopping 40% in the past week.
It seems Tezos (XTZ) lost the most during this period (-3%), which is more or less the same as WhiteBIT's WBT token and Mina Protocol's MINA.
The post BNB Leads Recovery Efforts ...
|  | Biggest Movers: ADA Hits Fresh Record Low, BNB Down for Seventh Straight...
Cardano fell to a fresh all-time low on Saturday, as prices plunged by over 10% to start the weekend. The move saw the token drop for a third straight session, as a red wave swept through cryptocurrency markets. Binance coin also moved lower, dropping for a seventh consecutive day.Cardano (ADA)
Cardano (ADA) moved to a fresh all-time low to start the weekend, as prices dropped for a third straight session.
Following a high of $0.3011 on Friday, ADA/USD moved to a low of $0.2603 earlier in today's session.
The move saw the token plunge by nearly 13% earlier in the day, hitting a new all-time low in the process.
Looking at the chart, the drop comes as the 10-day (red) moving average crossed its 25-day (blue) counterpart.
This signals a shift in price momentum, and comes as the relative strength index (RSI) fell deeper into oversold territory.
As of writing, the index is tracking at 24.13, which is its weakest point since October 21.
Binance Coin (BNB)
Binance coin (BNB) was another notable token to fall today, with prices dropping for a seventh straight session.
Recent declines have come as financial firm Mazars halted its audit of Binance's reserves.
As a result of this, BNB/USD fell to a low of $221.00, which comes a day after hitting a high of $264.25.
Overall, the token is now down by nearly 20% in the last week, and is down 10.88% as of writing.
Similar to cardano, the RSI on BNB is currently trading near the 24.00 mark, which is deep in oversold territory.
BNB is curre...
|  | Crypto Bloodbath: Bitcoin Plummets Below $17K, BNB Crashes 7% (Weekend W...
The past 24 hours have been tough in the cryptocurrency markets, with the total capitalization dropping by some $40 billion. This comes on the back of major coins charting serious declines and BTC plummeting below $17K.
Bitcoin Goes Below $17K
Bitcoin's price took a serious beating over the past couple of days, losing about 9% of its value since hitting $18,300 earlier in the week. For the past 24 hours alone, the cryptocurrency is down by almost 3%, training at around $16,700 at the time of this writing.
Source: Binance via TradingView
It's interesting to note that Bitcoin dominance - used as a primary means of gauging its share relative to that of the entire market - is increasing. This means that altcoins are having it worst than BTC during this period.
In any case, it's important to see if BTC will be able to reclaim the coveted $17K level or if there's more pain to come in the following days.
Altcoins Bleeding Hard
Practically all major altcoins are trading well in the red throughout the past day, with few exceptions.
Source: Quantify Crypto
As seen above, ETH is down almost 3%, but a lot of the other altcoins are down a lot more. For instance, BNB is trading at a 7% decline, having recovered a bit - its price crashed by more than 10% earlier. DOGE is down over 5%, ADA - almost 7%, MATIC - 4.5%, and so forth.
With that said, there are also some exceptions. For example, Toncoin (TON) is up 7.5% in the past day, which contributes to gains of 33.7% in the past week.
On the ...
|  | Crypto Price Analysis Dec-16: ETH, XRP, ADA, BNB and DOGE
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin
Source: TradingView
Ethereum (ETH)
In the past week, Ethereum has failed to move above the key resistance at $1,365. Since then, bears took over, which resulted in a loss of around 5.2%. With this latest rejection, the bias has turned negative.
The next levels of support are $1,100 and $1,000. In the past, buyers always came back in force at these prices. What is concerning is that the current market structure is bearish with lower highs, and this could eventually lead to a lower low.
Looking ahead, ETH has the difficult task of stopping the current downtrend. While in the past, buyers managed to defend well the current support levels, sellers may no longer be satisfied at $1,000. This is why, in the future, they could attempt to push the price into the three digits territory.
Chart by TradingView
Ripple (XRP)
XRP also had a difficult week where the price fell by 7.4%. This took its price back on the key support at $0.36. Ideally, the correction ends here, but buyers appear weak, and the overall market is turning red into the weekend.
With the decreasing volume and a falling price, the outlook for Ripple is bearish. If this correction does not end soon, then sellers could push the price all the way down to the next level of support found at $0.30.
The major hope at this point is for XRP to make a higher low and attempt a recovery into the new year.
Chart by TradingView
Cardano (ADA)
This...
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