Connect with us

Altcoin

Heima (HEI) Coin Price Rockets 70% Amid Binance Support, What’s Next?

Published

1 month ago

on


Heima (HEI) coin stole the spotlight amid a broader crypto market recovery-like trend, primarily as its price skyrocketed 70% in a day. Notably, the cryptocurrency enjoyed a bullish movement against the backdrop of crypto exchange behemoth Binance’s enhanced trade offerings. In turn, market watchers speculate whether the token, also known to be the evolved version of the Litentry Network, could sustain a bullish movement ahead.

Heima Coin Bullish Amid Binance’s Enhanced Trade Offerings

In an official Binance announcement dated February 13, the crypto exchange giant revealed that it is adding Heima coin to the ‘Earn, Buy Crypto, Convert, Margin & Futures’ trading platforms. As per the announcement, flexible products for the coin will be available on ‘Simple Earn’ starting today at 08:00 UTC. Starting February 14, users can purchase the asset using any of the payment options available on the platform’s ‘ Auto-Invest’ division.

Further, users can also buy via VISA, MasterCard, Google Pay, Apple Pay, Revolut, and their account balances on the ‘Buy Crypto’ page within one hour of the spot listing. Also, the platform’s colossal user base can trade the coin against BTC, USDT, and any other tokens on ‘Convert’ at zero fees within one hour of the spot listing.

Binance Margin will add the HEI coin as a new borrowable asset on cross and isolated margin, as well as the HEI/USDT and HEI/USDC pairs today at 11:00 UTC. Lastly, the crypto exchange revealed that it will also launch a USD-Margined perpetual contract for the asset with up to 75x leverage today at 09:00 UTC.

Altogether, the enhanced trade offering by one of the top crypto exchanges significantly enhances market exposure, paving the way for money inflow into the token’s ecosystem. As a result, the coin’s price shot up phenomenally amid the announcement.

HEI Price Skyshots 70%

Heima coin’s price surged by a whopping 70% as of press time, trading at $1.23. The coin’s 24-hour low and high were $0.7291 and $1.36, respectively. The current bullish trajectory primarily mirrors soaring market optimism amid new listings on one of the leading crypto exchanges. Further, the recent crypto market recovery appears to have bolstered the price surge.

Intriguingly, traders also appear to be positive on the recent development, as indicated by a 14414.65% uptick in the intraday trading volume to $64.27 million. The current dynamics indicate that the coin is seeing heightened market interest, paving the way for further bullish movement.

Litentry Network (LIT) Rebranding Saga

Meanwhile, it’s also noteworthy that the coin witnessed a rebranding saga as this year kicked off. Notably, the Heima (HEI) coin is a rebranded version of the Litentry Network (LIT), per an announcement as of January 2025. The rebranding reflects the project’s evolution from a decentralized identity to a chain abstraction entity.

✓ 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

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Pi Network Adds 2FA for Wallet Security, How It Will Affect Pi Coin Price?

Published

27 minutes ago

on

March 19, 2025

By


The Pi Network core team has made a major announcement adding two-factor authentication (2FA), mandatory for the Pioneers to implement for a successful migration to the mainnet blockchain. Amid this announcement, the Pi Coin price has bounced back from the crucial support of $1.0, in a relief recovery for investors.

Pi Network Introduces 2FA Security for Wallet Confirmation

To further enhance the security of its wallets, Pi Network has introduced two-factor authentication (2FA), which will allow for a smooth migration for the mainnet blockchain. The new feature requires selected Pioneers to complete 2FA via a trusted email before their Pi balance is successfully migrated to the Mainnet.

The Pi Core team stated that the 2FA security aims to secure Pioneers’ wallets and accounts by adding an extra layer of protection. For Pioneers who recently migrated their Pi but remain within the 14-day pending period, completing 2FA is now mandatory.

In the case, the Pioneers fail to complete the 2FA process, Pi Network will securely return the Pi Coins to their mining app. However, on successfully completing the 2FA process, the user balance will be re-migrated to the Mainnet without any loss. The official announcement from the Pi Core team reads:

“2FA and the Pi “return” features are meant to ensure, as much as possible, the security of Pioneers’ Pi and accounts. Due to the nature of blockchain where transactions are immutable and the Pi Wallet is noncustodial, these features provide extra caution and make sure that Pi is sent to the rightful Wallet owner”.

Will Pi Coin Price Regain $2 Very Soon?

Over the last week, the Pi Coin price has come under severe selling pressure down y 23% on the weekly chart. With its market cap slipping under $8 billion, the altcoin has now slipped from the 11th spot to now at the 16th spot. Also, the daily trading volume for Pi Coin is up by 15.87% to $600 million.

Despite this development, market analysts continue to be bullish about the altcoin. Pi Coin’s 15-minute price chart displays a symmetrical triangle pattern, thereby hinting at an imminent breakout.

Source: TradingView

Bullish Scenario: A breakout above the key resistance level at 1.2 could propel Pi Coin’s price toward the 1.25–1.30 range in the short term. Strong buyer volume could further amplify momentum, leading to higher gains.

Bearish Scenario: If Pi Coin fails to breach the resistance and drops below the support level near 1.10, the price may revisit lower levels around 1.05–1.02.

Token Unlock and Listing Delays

The price of Pi Network’s native token is experiencing heightened volatility as data from PiScan reveals that nearly 129 million Pi Coins—valued at approximately $175 million— will be released this month. Such large unlock events often lead to increased selling pressure, sparking concerns that Pi Coin could drop below the critical $1 threshold.

Furthermore, the community is still waiting for big exchange listings for PI. Binance has not confirmed any plans to list Pi Coin, leaving speculation and market unease to dominate discussions.

✓ Share:

Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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

Dogecoin Price Eyes Breakout To $0.29 In The Short Term

Published

6 hours ago

on

March 19, 2025

By


Dogecoin’s price is ambling toward the $0.29 mark after a previous correction that saw it erase its gains. While the broader trend for DOGE remains bearish, analysts are confident of a short-term rally to reclaim its one-month high.

Dogecoin Price Targets Breakout To $0.29

As bears stamp their authority in DOGE, there is rippling optimism that the dog-themed cryptocurrency could see a rally. According to an X post by Igor Bondarenko, Dogecoin’s price can go as high as $0.29 in the short term.

Bodarenko hinges his prediction on DOGE approaching its 20-day exponential moving average (EMA). As the dog-themed project inches toward the EMA, pundits say it may be a support level for traders entering the space.

On the flip side, a failure to break the EMA level could spell doom for the beleaguered asset. Per Bondarenko, Dogecoin prices may fall as low as $0.10 in the near future.

“A breakout could drive DOGE to $0.23 and $0.29,” said Bodarenko. “If rejected, a drop below $0.14 could send it to $0.10.

Long-term predictions for Dogecoin prices are fairly upbeat with one analyst predicting DOGE to hit $20 in the coming months. At the moment, Dogecoin price sits at $0.16 and has gained over 6% over the last 7 days.

On-chain Indicators Scream Promise For Dogecoin

While short-term technicals are predicting a small spike in Dogecoin’s value, on-chain indicators are pointing to a seismic leap. For one, DOGE address activity has soared to 1 million unique users with active addresses spiking by 400%.

Furthermore, fundamentals are indicating potential for a rally as high as $50. The filing of a DOGE ETF application by BlackRock may be the trigger for a seismic rally for the memecoin. Other institutional players are watching the space with keen interest as the assets move from memecoin to begin clutching at real-world applications.

Pseudonymous cryptocurrency analysts DOGECAPITAL and Trader Tardigrade remain optimistic in their prediction that DOGE can clinch $80, citing cyclical patterns from 2021.

“If historical trends repeat, Dogecoin is likely to begin its upward reversal soon, entering phase 2 of its parabolic rise,” said DOGECAPITAL

✓ Share:

Aliyu Pokima

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

ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal

Published

9 hours ago

on

March 18, 2025

By


The Cardano price is showing bullish signals as analysts identify a potential double-bottom pattern on its weekly chart. After a prolonged downtrend, the cryptocurrency has entered an accumulation phase, suggesting that selling pressure is easing while buyers begin stepping in. Analysts highlight $0.70 as a key support level, which, if maintained, could drive the altcoin price toward the $1.00 mark.

Cardano Price Forms Double Bottom Pattern, What’s Next?

According to analysts Crypto Lycus, the Cardano price is exhibiting signs of forming a double bottom pattern on the weekly chart. This technical formation typically indicates strong support and suggests a potential reversal from the prolonged bearish trend. The pattern reflects a period where the price has tested a lower boundary twice, signaling that buyers are stepping in at key support levels.

cardano pricecardano price
Source: X

A breakout above $0.70 is crucial for ADA, as sustaining this level could provide the momentum needed for further upward movement. If buying pressure continues to build, the next target for the top altcoin would be the resistance at $1.00.  

If ADA fails to hold above the support level, a retest of lower price zones between $0.50 and $0.40 remains a possibility. However, analysts suggest that the overall sentiment remains optimistic, with accumulation taking place at current levels.

ADA Breaks Out of Descending Wedge

Additionally, analyst AMCryptoAlex has identified a descending wedge breakout on the Cardano price chart, reinforcing bullish momentum. This pattern is often associated with a reversal, where a downward-sloping trendline meets a narrowing support base before an eventual breakout to the upside.

Cardano priceCardano price
Source: X

Following a prolonged consolidation, Cardano has successfully breached resistance, confirming a potential trend shift. The breakout has been accompanied by increased trading volume, further validating the move. Investors are closely watching whether the price can sustain this newfound strength or encounter resistance at higher levels.

If bullish momentum continues, the top altcoin may establish a new support base, paving the way for higher price targets.

Market Sentiment Remains Optimistic

Although most other cryptos are trading in a bearish territory dragged by changes in market trends Cardano has been relatively stable. Some of the altcoins have reversed lower in their gains, but ADA has remained rather resilient which signal massive investor interest.

Analysts note that the absence of heavy selling at the current prices indicates that buyers are holding on to their positions. Backing the bulls’ argument, ADA whales have remained confident by holding 40 million ADA. This large-scale purchase indicates that institutional investors are beginning to invest; this could indeed take the Cardano price to the $1 level that many expect.

Traders are watching $ 0.70 as the pivotal support level. Reaching and maintaining above it might comprise the Cardano price reaching the $1 mark. Further upward movement may be signified by a successful breach of this level, which will give conformation of a trend reversal.

✓ 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

Continue Reading

Trending

Copyright © 2024 coin2049.io