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These 8 Altcoins May Skyrocket As Binance Expands Support

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1 week ago

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Artificial Superintelligence Alliance Price Chart (FET), Radiant Capital (RDNT), Floki (FLOKI), Aave (AAVE), LayerZero (ZRO), Sun (SUN), Bittensor (TAO), and VIDT Dao (VIDT) are the eight altcoins whose price could skyrocket following Binance’s decision to expand its trading support for them. This move from the largest crypto exchange by market share is expected to draw more attention to these coins, which could ultimately lead to a price surge for them.

Binance Expands Trading Support For These Altcoins

Binance announced in a blog post that it had updated the leverage and margin tiers of FETUSDT, RDNTUSDT, 1000FLOKIUSDT, AAVEUSDT, ZROUSDT, SUNUSDT, TAOUSDT, and VIDTUSDT perpetual contracts. The crypto exchange further highlighted what these updates entailed. Per information shared in the announcement, the updates made to these eight altcoins’ leverage and margin tiers are similar.

Traders can now use up to 75x leverage on FET, RDNT, FLOKI, AAVE, ZRO, and TAO instead of the previous maximum leverage offered for these coins. Before now, traders could use up to 75x leverage on SUN and VIDT, which remained unchanged following Binance’s update. However, an update that applied to all eight altcoins was the increase in the notional value of positions depending on the leverage used. Meanwhile, the maintenance margin rate was updated to 1% for leverage between 51x and 75x.

This update is significant as more liquidity is expected to flow into these top coins, considering that traders can now open larger trades on them. The coins could experience a significant price surge as demand for them increases and more liquidity flows into their ecosystem.

FET Already Enjoying A Price Surge

Artificial Superintelligence Alliance Price Chart (FET) is up over 10% in the last 24 hours. Crypto analyst Phrex mentioned in an X post that the altcoin looks ready to break out above $2. As such, Binance’s decision to increase the altcoin’s trading tier could be the catalyst for the break above $2.

RDNT Has $0.1 In Sights With Binance Update

Radiant Capital has risen to as high as $0.08 in the last 24 hours. Considering the recent update from the crypto exchange, the altcoin now has $0.1 in sight. Crypto analysts seem to be confident that this is a price level that RDNT can hit soon enough. One crypto analyst, Popsicle, stated in an X post that the coin looks bullish and expects it to rise to between $0.1 and $0.15 within two weeks.

More Liquidity Flows Into FLOKI

Alongside Binance expanding its trading tiers for FLOKI, the altcoin’s outlook is also bullish thanks to the recent CAT airdrop distributed to FLOKI holders. This has led to a liquidity surge in the meme coin’s ecosystem, which could ultimately lead to a price rally. Per a recent Coingape analysis, the FLOKI Price could also surge thanks to its recent partnership and market resilience.

AAVE’s Price Is Surging Quietly

AAVE’s price is up over 3% in the last 24 hours. However, the bigger picture shows that the decentralized finance (DeFi) token has risen by over 50% in the last month. This is more impressive, considering that the broader crypto market has remained stagnant during this period. Crypto whales have been quietly accumulating the altcoin, contributing to this notable price surge.

ZRO’s Ultra Bullish Prediction As Altcoin Price To Reach $40

Crypto analyst CryptoBullet recently laid an ultra-bullish prediction for ZRO, stating that $40 is a price target that the altcoin could reach by 2025. The crypto analyst highlighted the coin’s bullish fundamentals, noting no token unlocks until July 2025. With only 110 million ZRO tokens in circulation, he is confident that the altcoin can hit the $40 mark.

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SUN Is Benefitting From The TRON Hype Alongside Binance Support

The SUN token has been rejuvenated thanks to the hype in the TRON ecosystem. Specifically, there has been an influx of meme coin traders on the TRON network, contributing to an increase in DeFi trading volume and a surge in the demand for the DeFi token. SUN Price also has a bullish outlook following plans to buy back and burn some coins in circulation. With such fundamentals, Binance’s decision to update its trading tier for SUN would only spark more bullish momentum for the altcoin.

TAO Price Could Rise To Current ATH

Crypto analyst Dark Horseman has made a case for why TAO’s price could surge to its all-time high of $767. The crypto analyst argued that the altcoin is one of the “best AI/DePIN projects on the market” and that at its current price of around $200, TAO is “an absolute gift.”

VIDT Could Enjoy Another Parabolic Rally With Binance Update

VIDT could enjoy another parabolic following the crypto exchange’s update. The altcoin has already surged by over 180% in the last month. This bullish momentum for the coin is largely thanks to its timestamping technology, which has a real-world use case. This technology is known to be used by companies like Airbus and IBM.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, Boluwatife is an avid basketball lover and a part-time degen.

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.





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Bonk Whale Becomes A Huge GoodEgg Early Investor Experts Predicts 100x In Coming

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8 hours ago

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September 19, 2024

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As the cryptocurrency market evolves, it’s becoming evident that hype alone can’t sustain a token’s value. This realization has led some of the largest Bonk (BONK) holders, known as “whales,” to diversify their portfolios by investing in GoodEgg (GEGG). Experts are now predicting a potential 100x return on GoodEgg (GEGG), with some of the most prominent Bonk (BONK) whales taking early positions in the token’s presale.

More Than A Memecoin: Bonk Whale Shift to GEGG

One of the largest Bonk (BONK) holders, previously known for their substantial investments in the meme coin space, has recently made headlines by becoming an early investor in GoodEgg (GEGG). This shift comes as Bonk (BONK) continues to face declining momentum, losing 2% in value over the last 24 hours, with weekly losses stacking up to 10%. The whale’s move reflects a growing sentiment that the current meme coin market is becoming oversaturated, with investors searching for projects that offer more than just speculative gains.

Bonk (BONK), once a rising star on the Solana network, has seen a significant reduction in trading volume, and many analysts believe that its future will depend heavily on finding new utility or partnerships to maintain investor interest. While the Bonk (BONK) community remains hopeful, the shift of whales to projects like GoodEgg (GEGG) highlights a growing trend among larger investors who prioritize long-term growth over short-term gains.

GoodEgg’s Strong Fundamentals

In contrast, GoodEgg (GEGG) offers more than just hype. It is a utility-driven project with an AI-based dating platform that leverages blockchain for security and privacy. The project’s innovative approach to online dating has sparked interest from investors who see it as a real-world solution with significant potential for user adoption.

GoodEgg’s presale has already raised over $495,000, showing that investors are eager to get in early on this project. The platform’s combination of blockchain security and AI matching technology provides a fresh approach in a saturated online dating market, which is expected to grow significantly in the coming years.

Experts Predict 100x Gains and Long-Term Scalability

Market analysts are now predicting that GoodEgg (GEGG) has the potential to generate 100x returns for early investors, particularly as its platform begins to attract more users and integrates additional features. The scalability of GoodEgg (GEGG) in the dating industry, combined with its AI-driven capabilities, gives it an edge over traditional meme coins like Bonk (BONK).

While Bonk (BONK) struggles to maintain its market position, GoodEgg (GEGG) is gaining traction among both retail and institutional investors. The whale’s entry into GoodEgg (GEGG) has further validated the project’s potential, with many now looking at it as the next big thing in the crypto space.

As the presale continues, those who missed out on Bonk (BONK) during its early days are now looking at GoodEgg (GEGG) as their next opportunity for massive gains. With strong fundamentals and a clear roadmap, GoodEgg (GEGG) is positioned to become a major player in the crypto market, leaving Bonk (BONK) in the dust as it builds a long-term, sustainable future.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/GoodEggToken

 



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Solana Coins MEW & FIDA Prices Surge Over 25% On Major Listings

Published

10 hours ago

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September 19, 2024

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FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings. Solana Name Service (FIDA) secured a listing on Binance, whereas cat in a dogs world (MEW) scored a listing on Upbit. These listings have garnered significant attention globally as the tokens’ prices skyrocketed 25%-30% in tandem with the announcement.

Solana Tokens FIDA & MEW Secure Vital Listings On Binance & Upbit

According to official announcements by the mentioned exchanges on September 19, both the tokens are set to witness particular listings today. As per Binance’s official announcement, the crypto exchange is set to launch FIDAUSDT USD-Margined perpetual contract today at 12:30 UTC. Simultaneously, Upbit’s announcement revealed that it listed MEW with BTC and USDT pairs on the same day.

Intriguingly, Binance revealed that it listed FIDA with up to 75x leverage for users on the platform. Further, the crypto exchange set the capped funding rate at +2.00% / -2.00%.

Simultaneously, Upbit Korea listed cat in a dogs world within BTC and USDT markets. The Asian crypto exchange revealed that it will also add transaction support starting today.

The Solana coins listings have primarily sparked market optimism over future movements, paving the way for new money inflow into the tokens.

Tokens’ Prices Rocket Over 25%

Simultaneously, FIDA price gained nearly 45% against the backdrop of Binance’s listing announcement. The coin rested at $0.3243 today with an intraday low and high of $0.2204 and $0.3297, respectively.

Similarly, MEW price pumped nearly 26% to reach $0.00533 riding the back of Upbit listing. The coin’s 24-hour low and high were $0.00407 and $0.005728, respectively.

Meanwhile, the rising price action primarily aligns with today’s listing announcements, as seen with numerous tokens previously. CoinGape Media reported Kadena (KDA) price surged nearly 30% with its futures listing on Binance.

Also, another report reveals that PEPE and BRETT prices pumped notably on their listings on Upbit. Altogether, the exchanges’ listings rationalize today’s massive price gains.

Simultaneously, Coinglass data illustrated an 82% surge in MEW’s futures OI to $76.31 million. Additionally, the coin’s derivatives volume skyrocketed 531% to $735.63 million today. This surge has projected further optimism for the Solana-based token. Also, it’s worth noting that Solana (SOL) price upsurged 8% to trade at $140 today.

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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.





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Ripple Partner SBI Confirms Participation in BIS Project Agora

Published

11 hours ago

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September 19, 2024

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XRP News: Ripple-partner SBI Holdings has confirmed participation in Project Agora, a joint initiative led by the Bank for International Settlements (BIS) and seven central banks. XRP community reacted to the development due to speculation of potential integration or alignment for the cross-border payments over a unified ledger initiative.

Ripple Partner SBI Reveals Participation in BIS-Led Project Agora

In a press release on September 19, SBI Holdings revealed participation by the bank in Project Agora. Ripple’s partner participation the initiative brings XRP in the spotlight as the bank is a key partner for XRP and XRP Ledger adoption.

Project Agora is an initiative jointly led by the Bank for International Settlements (BIS) and central banks to improve the functionality of cross-border transactions through tokenization. The central banks are Banque de France, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York.

“Through this project, we hope to improve the functionality of the financial system while maintaining the two-tiered structure of central bank money and private bank deposits, and provide new solutions that utilize smart contracts and programmability, thereby providing highly convenient services in cross-border transactions.”

The BIS/SWIFT-led initiative uses digital tokens representing assets, on a unified ledger, with smart contracts. The Institute of International Finance has convened 41 private sector institutions such as JPMorgan, Standard Chartered, Sygnum Bank, Visa, Mastercard, Citi, and HSBC.

XRP News: Token and XRPL In the Spotlight

While the initiative to revolutionize cross-border payments through tokenization doesn’t specifically mention XRP and XRP Ledger, the community believes Ripple’s technology aligns with Agora Project.

Ripple has focused on exploring the possibilities of tokenization on the XRP Ledger. In June, the company partnered with Archax to bring tokenized real-world assets (RWA) onto the XRP Ledger.

Moreover, the unified ledger concept resonates with Ripple’s Interledger Protocol (ILP), which connects banks and blockchains. This suggests a potential role for Ripple’s technology in the framework, if not XRP directly.

XRP community claims Ripple and BIS and several central banks have collaborated earlier for developments including central bank digital currencies (CBDC). Currently, Ripple CEO Brad Garlinghouse said that the company is seeking adoption in traditional finance.

XRP price jumped 2% in the past 24 hours, with the price currently trading at $0.58. The 24-hour low and high are $0.563 and $0.589, respectively. Furthermore, the trading volume has increased by 25% in the last 24 hours, indicating a rise in interest among traders.

Notably, Ripple is also a leader in remittance. If it captures 50% of the global remittance market, which is projected to reach $11.53 trillion in 2024 and $16.59 trillion by 2028, XRP price could even hit $5.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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.





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