Connect with us

Altcoin

EIGEN, PEPE, & SUI Markets To Rally on This Binance Announcement?

Published

on


Binance cryptocurrency exchange has announced the introduction of trading bot services for three new trading pairs: EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD. Scheduled to commence on October 11, 2024, at 08:00 UTC, these services will offer more diverse trading options on the exchange platform. More so, including these new pairs with the bot feature will significantly boost EigenLayer, Pepe Coin, and Sui prices.

Binance Launches Trading Bots for EIGEN, PEPE, and SUI Pairs

According to a recent blog post, Binance has expanded its trading bots services to include EIGEN/TRY, PEPE/FDUSD, and SUI/FDUSD trading pairs. This move is part of the platform’s broader strategy to provide users with advanced tools that support effective trading strategies. Trading bots are automated programs that execute trades according to pre-set parameters. They have become increasingly popular among traders for their efficiency and ability to capitalize on market movements without constant manual oversight.

Furthermore, the introduction of the said services enable traders to utilize systematic trading on more forms of asset. The above inclusion will help address a new market of Binance users who seek fully automated trading systems. It also goes well with the exchange’s continuous push to make improvements to its customers’ experiences while furthering its services in a growing crypto space.

Notably, the exchange revealed that the accessibility of these new trading pairs is dependent on the geographic location. Because of these restrictions, traders from the US, Canada, and Netherlands among others, will not have access to these trades. This highlights the increasing cryptocurrency trading regulations across the globe.

Impact on EIGEN, PEPE, and SUI Prices

Upon the activation of trading bots for these pairs, volumes of EIGEN, PEPE, and SUI trades are expected to rise. Such systems can be expected to produce a higher number of trades, which is useful in enhancing improved liquidity. This liquidity is essential in narrowing the market spread and presenting asset price stability which in turn would encourage more people to use Binance platform.

Subsequently, the crypto tokens Sui, Pepe Coin, and EigenLayer exhibited market fluctuations after the announcements. Sui is currently priced at $1.84 and it has achieved a weekly increase of 7.01% with a total market capitalization of $5.08 billion. Similarly, EigenLayer at $3.75 went up about 2% in the last 24 hours, with a trading volume surge to $23.430 million.

On the other hand, Pepe Coin price stands at $0.059386, experiencing a slight daily increase of 0.46%, supported by a trading volume of $739.78 million. Despite the minimal price surge, recent Pepe Coin price predictions have hinted at a potential rally to a new all-time high this month.

In addition to the current enhancements, the crypto exchange is also expanding support for other popular tokens. Recent developments have seen a significant uptick in Chiliz (CHZ) price following Binance’s increased support. 

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Altcoin

Legendary Bitcoin Trader Says This Under the Radar Dogecoin Killer is Rising from $0.03 to $1 by 2025

Published

on

By


Bitcoin (BTC)’s meteoric rise set the stage for the explosive growth of other digital assets like Dogecoin, which began as a meme and skyrocketed into a cultural icon. But while Dogecoin may have captured the headlines, market fluctuations are imminent for low-utility tokens.

One Bitcoin trader has identified an under-the-radar altcoin, RCO Finance (RCOF), which he believes to be the next Dogecoin killer, stripping off Shiba Inu its nickname. Potentially soaring from its humble $0.03 valuation, RCOF is anticipated to soar to a staggering $1 by 2025.

Will Dogecoin Survive the Upcoming Market Challenges?

Popular meme cryptocurrency Dogecoin (DOGE) faces a significant stress test that could determine its growth trajectory. Although the network indicators are generally bullish, the price is on the edge of consolidation, and its further growth depends on the breakthrough of existing levels.

Currently, DOGE is priced at around $0.1084, a 0.58% increase in the past 24 hours. However, the growth is accompanied by a significant decrease in trading volume, which fell to $539 million, 30% less than the previous value. This decline indicates a declining trend in investors’ interest.

However, large-scale investors, or ‘whales,’ are active and have recently bought over two billion DOGEs. On-chain analysts believe this might be a sign of a bull run, implying that although Dogecoin has faced some difficulties, it may be ready for a massive increase by 2025, which could see its value reach $1 if it gets through this stress test.

RCO Finance (RCOF): The Ultimate Dogecoin Killer

RCO Finance (RCOF) is not just another coin riding the coattails of the crypto boom. This is evident with the token’s demand, which has drawn over $2.9 million in investments.

Its core technology offers a decentralized finance (DeFi) infrastructure that outpaces many competitors, including Dogecoin. While Dogecoin lacks a clear, real-world use case, RCOF creates a unique blend of DeFi and TradFi to initiate a unique market transition.

The increasing popularity and need for effective trading profits motivated RCO Finance to develop a new crypto AI called the robo advisor. Unlike conventional trading bots that need human interference, RCOF’s robo advisor assumes the trading control.

The robo-advisor makes it easier for the users to identify the right time to buy and sell by analyzing market trends, sentiment, and prices. This precision is important in the highly unpredictable crypto market where timing is of the essence.

RCO Finance offers a very wide choice of investment instruments. Users can access over 120,000 digital assets in different categories, including stocks, Bitcoin and Ethereum ETFs, bonds, and tokenized RWAs such as real estate.

This level of diversity enables investors to have a diversified portfolio that can withstand market volatility. Unlike Dogecoin, which is more of a joke currency with very little functionality, RCO Finance has a complete solution for better investment management.

Sources of passive income increase the attractiveness of RCO Finance. Token holders can receive quarterly dividends and pay less for transactions while staking their tokens with yields of up to 86% APY. These incentives are for those who have held the tokens for a long time and have actively participated in the ecosystem.

Security is paramount in cryptocurrencies, and RCO Finance assures it by having SolidProof, the leading blockchain security company, conduct smart contract audits. With the EU launch on the horizon, RCO Finance is committed to compliance, user funds, and building trust among the community.

Why Legendary Bitcoin Trader is Betting on RCOF

The Bitcoin trader backing RCO Finance has a track record of calling breakout stars long before the rest of the market catches on. In his opinion, RCO Finance is one of the most underrated assets today because of the combination of DeFi capabilities, high scalability, and low fees.

RCOF tokenomics focuses on sustainability. A significant portion is allocated for presale, allowing early investors to purchase tokens at a lower price. The deflationary model ensures that unsold tokens are burned, reducing supply and increasing value.

Currently, RCOF is priced at $0.0344, which is similar to Bitcoin and Dogecoin before their prices soared. Investing in the token will get you an additional 50% bonus tokens using the RCOF50 code. With the growing sentiments around crypto AI and RWAs tokenization, RCOF is believed to reach $1 by 2025.

Investing in RCOF will not only earn you high ROI but also open access to passive income through staking and dividends, governing rights, trading discounts, cashback rewards, and access to advanced analytics tools.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community



Source link

Continue Reading

Altcoin

Robinhood Lists Render Network, RENDER Price To $10 Ahead?

Published

on

By


Robinhood Crypto EU, a digital assets trading platform, sparked noteworthy market optimism for the AI token Render Network on Friday. As the trading platform revealed listing for RENDER, bullish market sentiments enveloped the digital asset’s long-term prospects. Simultaneously, the AI coin’s price soared over 2% in the past 24 hours, further solidifying optimism over future movements in light of the listing announcement.

Robinhood EU Lists Render Network Igniting Bullish Market Sentiments

In an official X post dated October 11, Robinhood Crypto EU revealed that Render Network is available for trading starting today. The trading platform unveils its new batch of assets, showing that RENDER trading is now supported for EU users.

The announcement has promptly gained significant traction across the broader crypto market, paving the way for increased money inflow for the AI token. Notably, as one of the top crypto exchanges offers support to the AI coin, market watchers anticipate a bullish impact on price ahead.

Render Network is a decentralized GPU rendering platform offering users the leverage of unused computational power and the ability to rent it to other users across the ecosystem. RENDER is the ecosystem’s utility token and is used for node operator payments for GPU power renting.

AI Coin’s Price Soars

Simultaneously, RENDER price noted a remarkable 2% uptick in the past 24 hours and is currently sitting at $5.25. Its intraday low and high were recorded as $4.91 and $5.24, respectively. Today’s upswing falls in line with Robinhood’s listing announcement, as enhanced regional offerings magnetize users. This phenomenon, bringing additional buying pressure to the asset, could propel a rally to $10 ahead.

RENDER priceRENDER price

Moreover, Coinglass data pointed out a 5% increase in the AI coin’s futures OI to $60.95 million today. Also, the derivatives volume jumped nearly 8% to $79.37 million, underscoring increased investor interest in the asset. Coupled with the coin’s recent price upswing, data hints that the coin currently rides bullish waves and is on an uptrend. Altogether, market watchers anticipate further gains ahead in light of the coin’s listing. Meanwhile, it’s also worth noting that the abovementioned trading platform also listed Optimism (OP) recently, igniting bullish sentiments on the token as well.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

XRP Whales Move 81M Coins As Ripple Files Cross-Appeal Against SEC, What’s Happening?

Published

on

By


XRP whales nabbed significant investor attention on Friday, moving millions of coins after Ripple filed a cross-appeal against the U.S. SEC in the XRP lawsuit. Recent on-chain data suggests that nearly 81 million coins were sent to crypto exchanges over the past day, raising market concerns despite the recent filing that supports the American blockchain payments firm. Meanwhile, the payments firm’s native coin traded dominantly in the green recently, sparking contrasting sentiments among investors amid recent developments.

XRP Whales Dump 81M Coins Raising Market Concerns

According to data revealed by the blockchain tracking platform Whale Alert on October 11, XRP whales dumped 81.56 million coins to crypto exchanges despite the recent optimistic filing of a cross-appeal by Ripple. As per the data, the unknown whale address rGd..p1k moved 52 million coins, worth $27.83 million, to the crypto exchange Bybit.

Simultaneously, the address …Rzn shifted 29.56 million coins, worth $15.62 million, to Bitso. These transactions, underscoring a bearish market sentiment for the asset, raise investor speculations as Ripple contrarily bolsters its case in recent lawsuit developments. The American blockchain payments company filed a cross-appeal against the U.S. SEC regarding the final judgment in the lawsuit, CoinGape Media reported. This legal maneuver, bringing support for the firm’s native coin, contrasts with the recent whale movements that bring selling pressure.

On the other hand, cryptocurrency derivatives exchange Bitnomial sued the US SEC in another legal chronicle over the regulator’s jurisdiction over XRP futures contracts. Altogether, recent market events hint that Ripple’s native enjoys legal maneuvers in its favor.

Coin Price Rises

At press time, XRP price noted gains worth 1% over the past day and is now trading at $0.5357. The coin’s intraday low and high were recorded as $0.5239 and $0.5432, respectively. Today’s rising movement comes despite the abovementioned XRP whale dumps, mirroring optimism in light of the blockchain payments firm’s cross-appeal filing.

Further, Coinglass data indicated that the coin’s futures OI soared nearly 4% over the past day to $711.55 million. Even the derivatives volume surged 85% to $1.30 billion, underlining rising investor interest in the asset. This data has reverberated optimism for the crypto’s long-term prospects in the wake of abovementioned developments.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io