Buying Bitcoin and Ether on Binance.US? You'll Pay a Premium - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
Image: cyptoranking.com

Driven by the high hopes for the coming of a new paradigm, P2E games have earned the spotlight since 2022. However, the P2E idea is fresh and still under development, it has yet to navigate many challenges. Based on research, leading game studios like Take-Two interactive and Square Enix have begun discovering the GameFi space. Moreover, the RSI generated a bullish divergence between July and December 2022. A bullish divergence occurs when a momentum increase follows a price decrease. It often leads to significant upward movements. Buying Bitcoin and Ether on Binance.US? You'll Pay a PremiumThe cryptocurrency market has not witnessed major geopolitical conflicts, except the Russia-Ukraine war. Hence, it is difficult to determine the isolated impact on the crypto assets. However, there has been a correlation between Bitcoin and the S&P 500 index. She sees the activation too as a “cultural event,” noting that it’s important to see fashion within a wider cultural landscape.

Exchange Rankings Crypto
Image: cyptoranking.com

Bitcoin (BTC) finished the U.S. market day above the $27,000 mark as markets remain generally unaffected by the war in Gaza. — Lookonchain (@lookonchain) October 6, 2023 Buy Ethereum ETH with Credit or Debit CardThe renowned crypto analyst Miles Deutscher talked about the impact on the S&P 500 due to the Israel-Palestine war. He wrote on X (Twitter): ETH Chart / Source: AdobeCrypto asset management giant Grayscale just filed paperwork with the US Securities and Exchange Commission (SEC) to create a new Ether (ETH) Futures Exchange Traded Fund (ETF), as per a report by the Wall Street Journal.Grayscale filed for the ETF under the Securities Act of 1933, having also previously filed for an Ether Futures ETF under the Investment Company Act of 1940.While comparable Bitcoin Futures ETF have been approved by the SEC under both acts, most ETFs are filed under the 1940 act.Reports in the crypto press back in late August suggested there is a strong possibility that the SEC will approve a number of Ether Futures ETFs as soon as October.That news made the price of Ether surge at the time amid front-running from traders, because a wider availability of Ether Futures ETFs could indirectly increase demand for the cryptocurrency, assuming institutional investors start buying up Ether Futures ETFs once they go live.Ether was last changing hands around $1,640, just to the north of its 21DMA.Price Prediction - Where Next for Ether (ETH)?The fact that Ether looks set to close above its 21DMA following a fairly convincing break above the level in the past two days is a positive for the cryptocurrency’s near-term price outlook.The 21DMA had previously been acting as an area of strong resistance for the past more than two-months.A break above this level sets the stage for a potential rally to the 50DMA just above $1,700 and even the late August highs around $1,740.Assuming ETH can close above its 21DMA, near-term price predictions are likely to turn modestly more bullish.But traders should keep an eye on upcoming macro risk events, such as Wednesday’s rate decision and monetary policy announcement from the US Federal Reserve.The central bank isn’t expected to change interest rates, but is expected to signal that more rate hikes remain possible, as well as release a new summary interest rate projections from its policymakers plus new economic forecasts.That could impact ETH, depending on how the US bond market and US dollar react – a dovish meeting (where expectations as to how high interest rates will go/remain fall) would weigh on the yields and US dollar, likely boosting ETH, and vice versa.Ether traders may also remain reluctant to enter big positions in the cryptocurrency as they remain in wait-and-see mode ahead of October’s expected Futures ETF decisions from the SEC.Ether (ETH) Alternative to ConsiderOne problem with an Ether Futures ETF is that its buyers won’t be set to benefit from the solid yield they can generate from Ether staking.To benefit from Ether staking yields, which are normally in the region of 4%, investors would do better to buy the actual ETH token and set up a staking node, or buy a ETH liquid staking derivative such as stETH.Investors interested in a riskier cryptocurrency with a much better staking yield should check out a newly launched token called Bitcoin BSC (BTCBSC).Bitcoin BSC is a BEP-20 token issued on the Binance Smart Chain but with pretty much the exact same tokenomics of Bitcoin, although Bitcoin BSC winds the clock back to 2011, when Bitcoin traded at $1 per token.Indeed, Bitcoin BSC tokens are currently being sold in presale for $1 each, with over $2 million already raised.Bitcoin BSC holds various advantages over Bitcoin – it is greener thanks to the Binance Smart Chain’s lower energy consumption and is more readily available for use in the Binance Smart Chain’s growing Decentralized Finance ecosystem.Moreover, Bitcoin BSC holders can stake their tokens to benefit from BTCBSC issuance according to the same schedule that Bitcoin was on back in 2011.That means BTCBSC holders could be looking at double or even triple digit annual yields if they stake their tokens.A similar project BTC20 – the exact same concept but issued as an ERC-20 token on Ethereum – was able to quickly sell out a blockbuster $6 million presale and then post gains of as much as 6x, while BTC20 is still trading above its presale price of $1.Bitcoin BSC is thus an opportunity for those who missed BTC20 to get in early.Bitcoin BSC could do even better than BTC20 given the Binance Smart Chain’s faster transaction speeds and lower fees, making for a better trading and DeFi experience.Investors need to move quickly, as the token’s hard cap raise target of just under $4 million will likely soon be reached.Buy Bitcoin BSC HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Peter Thiel-Backed Founders Fund Invests in Layer N's Ethereum Scaling Tech

You might also like: Hacken boosts Binance proof of reserves securityBlockraise to support Scotcoin development Billy Markus responded to Musk's comment, suggesting that the "realness" of cryptocurrency is "transitory." This statement can be interpreted in multiple ways. It could mean that the value and acceptance of cryptocurrencies are evolving, or it might hint at the volatile nature of the crypto market, where assets quickly gain and lose their value. High costs could turn FPIs away from commodity derivativesUltra’s mission is to disrupt the monopoly in PC-game distribution. By utilizing blockchain technology and the UOS token, Ultra aims to provide a more decentralized and fair gaming platform, challenging the dominance of large publishing platforms. “Additionally, large amounts of virtual assets should be stored in offline cold wallets such as external storage devices to reduce the risk of hacking attacks.”

However, recent trends suggest that its upward trajectory might be under threat. Since February 2023, Ethereum whales, typically large holders with significant influence on market movements, have been consistently cashing in on the elevated prices. Their actions have led to the offloading or redistribution of over 5 million ETH, translating to an approximate value of $8.5 billion. In addition, Messari reinforced its bullish outlook on Friend.tech’s potential growth, unveiling the massive $320k average daily revenue fees, which is 6 times OpenSea’s current daily revenue. Narrating the platform’s appreciable TVL that has outdone major DeFi players, Messari cited, Can mining cryptocurrencies with CPU and GPU damage ...Similar to cryptos like Bitcoin and Ethereum, NFTs allow easy identification and transfer of ownership by holding the ownership details. NFTs allow owners to prove their ownership in an immutable way by adding attributes such as metadata or digital signatures. Binance Under Scrutiny Again

Have an opinion on this story? Share it!