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Binance Futures adds ZROUSDT USD-M contract to its Copy Trading service, enhancing opportunities for traders to follow experienced portfolios. (Read More)
Binance Futures announces the launch of USD-margined POPCAT and SUN perpetual contracts with up to 75x leverage, aiming to expand trading options. (Read More)
Binance Futures introduces three promotions with a 30,000 USDC prize pool, offering loss protection for new traders and rewards for trading volume. (Read More)
Binance Futures introduces an exclusive referral campaign offering up to $100 in token vouchers for new and existing users participating in the promotion. (Read More)
A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. Whats Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
While Binance leads with record derivatives volume, OKX and Bybit also see massive spikes, signaling a market-wide leverage boom.
Binance Futures is set to expand its trading offerings by launching USDC-margined perpetual contracts for BOME, TIA, and MATIC cryptocurrencies. These contracts will provide traders with leverage of up to 75x, allowing for enhanced trading opportunities. The launch is aimed at enhancing users' trading experience and increasing trading choices on the Binance Futures platform. (Read More)
Binance Futures has introduced a new Taker Program, offering up to 20% fee discounts on USDT-margined perpetual and delivery contracts, and a promotional rate on USDC-margined perpetual contracts. The program will be effective from April 30, 2024. (Read More)
Crypto analyst CobraVanguard has revealed the next price target for Dogecoin as an ascending triangle forms for the foremost meme coin. A rally to this price target could pave the way for the new highs, especially with the crypto market looking to be in rebound mode. Next Target For Dogecoin As Ascending Triangle Forms In a TradingView post, CobraVanguard set $0.197 as the next target for the Dogecoin price with an ascending triangle forming. He noted that this ascending triangle indicates a potential price increase. The analyst added that it is anticipated that the price could rise, aligning with the projected price movement of AB=CD. Related Reading: Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9 Meanwhile, CobraVanguard warned that it is crucial to wait for the triangle to break before taking any action. His accompanying chart showed that Dogecoin needs to break above $0.177 to confirm a break above the ascending triangle. A break above that target would then lead to a rally to the $0.197 target. Dogecoin already looks to be in rebound mode at the moment, alongside Bitcoin, which is nearing the $90,000 mark again. The foremost meme coin is nearing the $0.177 target for a break above the ascending triangle. As crypto analyst Kevin Capital suggested, DOGE will likely rally as long as BTC is in bullish territory. Crypto traders are also betting on a Dogecoin rally to the upside. Crypto analyst Ali Martinez revealed that 76.26% of traders with open DOGE positions on Binance futures are leaning bullish. This is particularly bullish because Binance traders have a good track record of being right most of the time. In another X post, Martinez revealed that whales bought over 120 million DOGE last week, which is also bullish for the foremost meme coin. DOGEs Market Structure Has Shifted In an X post, crypto analyst Trader Tardigrade revealed that Dogecoins market structure has shifted. This came as he noted that Dogecoin is recovering from an ascending triangle, forming higher highs and higher lows from lower highs and lower lows. Related Reading: Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked? Based on this, the analyst affirmed that Dogecoin had shifted the market structure from a downtrend to an uptrend on the hourly chart since it just formed the second higher high. His accompanying chart showed that DOGE is eyeing a rally to $0.177 as it continues to form higher highs. Martinez raised the possibility of the Dogecoin price rallying to as high as $4 or even $20 in the long term. He stated that if DOGE holds above the $0.16 support at the lower boundary of an ascending channel, history suggests that it could rebound toward the mid-range at $4 or upper range at around $20. At the time of writing, the Dogecoin price is trading at around $0.174, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com
Binance continues to deactivate connected trading services as the Terra network’s coins Luna (LUNA) and TerraUSD (UST) collapse. Binance Futures, the firm’s derivatives arm, has delisted coin-margined LUNA perpetual contracts, the company revealed on Thursday. “To avoid automatic settlement, users are encouraged to cancel any open positions prior to the delisting time,” the site said […]
ProShares' Bitcoin Futures ETF has been overwhelmed by contracts and is fast approaching its regulated limit within days of launch.
Binance Futures announces the launch of a USD-margined 1000000MOGUSDT perpetual contract with up to 75x leverage, enhancing trading options for users. (Read More)
Binance Futures announces the launch of HIPPOUSDT and 1000XUSDT perpetual contracts, offering up to 75x leverage, enhancing trading options for users. (Read More)
Binance Futures announces updates to its Futures NEXT program, introducing changes to rewards and Picks allocation, effective October 2024. (Read More)
Vine Coin (VINE) has captured the spotlight in the cryptocurrency market, experiencing an impressive surge that has left traders and investors excited about its future potential. Over the past 24 hours, VINE has seen a remarkable 112% increase in value, positioning it as one of the top trending coins in the market and drawing significant […]
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