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Top Meme Coins To Buy Now: Binance
The world’s largest crypto exchange Binance on Friday expanded support for 3 meme coins to make trading more accessible and improve the trading experience for its users. Binance reduced the minimum order size of spot and margin trading pairs to encourage users to invest in Dogecoin (DOGE), BOME, and dogwifhat (WIF) meme coins. Are these top meme coins to buy right now?
Best Meme Coins To Invest In After Adjustment By Binance
In an official announcement on May 31, Binance said it would reduce the minimum order size of some DOGE, BOME, and WIF spot and margin trading pairs. The crypto exchange said the adjustments will make trading more accessible and improve trading experience for its users.
Binance has reduced the minimum order size from 5 to 1 for all following trading pairs, which users can trade from June 7. The trading pairs with reduced order size are DOGE/EUR, DOGE/FDUSD, DOGE/TUSD, DOGE/USDC, and DOGE/USDT.
Also, trading pairs for BOME and WIF are BOME/FDUSD, BOME/USDC, BOME/USDT, WIF/FDUSD, WIF/USDC, and WIF/USDT.
Notably, the adjustments will not affect spot trading, margin trading or other relevant functions. The minimum size order updates will not impact existing spot and margin order.
Also Read: Terra Classic Community Veto Burn Tax Proposal, Binance Charity Support
DOGE, WIF, BOME Price Performance
DOGE price fell 1% in the past 24 hours and jumped 22% in May, with the price currently trading at $0.159. The 24-hour low and high are $0.154 and $0.162, respectively. Furthermore, the trading volume has decreased by 33% in the last 24 hours, indicating a decline in interest among traders.
Meanwhile, WIF and BOME prices dropped over 3% and 1% in the past 24 hours. WIF price saw over 35% rally in a month, while BOME recorded more than 55% run in May.
Meme coins are set for further rally as crypto market gains momentum after a recovery. Traders and analysts believe altcoins will have a massive altcoin season this cycle, giving investors a big return on investment.
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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.
Altcoin
Ethereum Foundation Reveals $970M Treasury in 2024 Report: Here’s More To Know
Non-profit organization Ethereum Foundation sparked a tidal wave of discussions across the broader crypto market on Friday as it revealed its 2024 report, boasting a treasury of $970 million. Notably, Aya Miyaguchi, the firm’s ED, spotlighted key details such as the current EF teams, EF grantees, and ongoing efforts to enhance the Ethereum ecosystem, underscoring the firm’s advancements. In turn, this report promptly caught the eyes of market participants globally, giving a clear understanding of the firm’s influence across the broader ETH market.
Here’s a brief overview of the EF’s 2024 report which was recently revealed by ED Aya Miyaguchi.
Ethereum Foundation Unveils 2024 Report Revealing Key Details
The Ethereum Foundation’s ED took to X on November 8, revealing the 2024 report while also offering vital insights into the firm’s recent work. As per the non-profit firm’s report, EF contains numerous teams within its branch of operations that contribute to the broader ecosystem.
Teams such as Robust Incentives Group (RIG), Protocol Support, and Devcon offer vital support to network development, per the EF’s report. These teams oversee key aspects such as studying mechanism design and cryptos for Ethereum, processes and perspectives to support its long-term maintenance and hosting events to foster collaboration, education, and promoting ETH’s values.
Further, the ‘EF grants’ also play a crucial role in jacking up work across the ecosystem. These grants are often supported by EF teams as the teams play a role in approval and evaluation. Also, the NPO reveals that it supports organizations that drive ecosystem growth, encompassing entities like Argot Collective, Geodework, L2BEAT, Nomic Foundation, and 0xPARC.
As of October 31 this year, the non-profit organization boasted $970.2 million in treasury. This encompassed $788.7 million in crypto and $181.5 million in non-crypto investments and assets, sparking market discussions.
Intriguingly, the lion’s share of the firm’s crypto holdings remains in ETH, an alarming concern for market participants. Notably, 99.45% of the firm’s holdings evaluates to 0.26% of the coin’s total supply, solidifying market concerns. “The Ethereum ecosystem is supported by billions secured in treasuries belonging to foundations, organizations, and DAOs,” the report added.
EF Foundation Implements Conflicts of Interest Policy
Also, the report revealed that the non-profit firm introduced a conflict of interest policy this year. The aim remains to oversee and set some boundaries for EF team members on how they navigate particular relationships with the broader ecosystem.
The Ethereum Foundation clarified that the policy also remains poised for a review after a year of its introduction for feedback and potential changes. Overall, the report garnered significant attention, underscoring the firm’s influential stance across the broader ETH market.
Meanwhile, CoinGape Media recently reported that the EF announced launching its first short-lived Pectra testnet ‘Mekong.’ This advancement brought further market attention to the organization.
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.
Altcoin
Binance Adds XRP and DOGE to Smart Arbitrage Offerings, Price Rally Is Here
The world’s largest crypto exchange Binance on Friday said it has added XRP and Dogecoin (DOGE) to smart arbitrage offerings. Binance Earn’s addition of XRP and DOGE sparked huge speculation for an imminent price rally. The crypto exchange has also announced a special campaign with rewards totaling 45,000 USDT to celebrate the listings.
Binance Lists XRP and Dogecoin to Smart Arbitrage
XRP and Dogecoin (DOGE) were added to the Smart Arbitrage offerings by Binance Earn, according to an official announcement by Binance on November 8. Notably, users can start XRP and Dogecoin with a minimum investment of 12.5 USDT. Until now, it only supported Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Smart Arbitrage leverages the funding rate mechanism by hedging their futures position with a spot position to collect the funding fee. The strategy hedges out price movement risks by taking opposite positions in the futures and spot markets. Thus, profit on a long position will offset loss on a short position (or vice versa).
In addition, Binance has announced a special campaign with rewards totaling 45,000 USDT to celebrate XRP and Dogecoin (DOGE) listings. The promotion period is valid until 23:59 UTC on November 21.
The top crypto exchange claims users can earn up to 20.95% APR in the promotion period. Also, a total reward pool of 30,000 USDT will be distributed on a first-come, first-served basis.
“All users who opt-in to the Promotion and hold any Smart Arbitrage portfolio for more than 72 hours during the Promotion Period will receive a 10% Bonus APR on their first 1 – 2,500 USDT subscriptions, as per Binance.“
Moreover, all regular and VIP 1-2 users who opt-in to the promotion Smart Arbitrage portfolio with at least 10,000 USDT for 72 hours are eligible to get a 45% trading fee rebate.
Ripple’s Token and DOGE Price To Rally
With investors already upbeat on XRP and DOGE after Donald Trump’s win, the tokens witnessed upside momentum. High odds for XRP ETF launch and Elon Musk’s Department of Government Efficiency (D.O.G.E.) are the reasons behind the positive sentiments.
XRP price 30x rally is expected as it jumped 9% this week, with the price currently trading at $0.55. The 24-hour low and high are $0.542 and $0.560, respectively. Furthermore, the trading volume has decreased by 37% in the last 24 hours, indicating a decline in interest among traders.
Meanwhile, DOGE price jumped 3% in the past 24 hours and 25% weekly. The price currently trades at $0.19, with a 24-hour low and high of $0.186 and $0.199, respectively. Dogecoin price is predicted to hit $10 in this bull cycle.
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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Will XRP Price Rally To $1 After Hitting Monthly High?
XRP price has recently witnessed a notable uptick, hitting its highest level since early October. The cryptocurrency, currently trading above the key support level of $0.52, is testing resistance near $0.56. This increase has raised questions about whether XRP could rally further, potentially reaching the $1 mark.
XRP Price Eyes $1 as Momentum Builds, Can Bulls Break Resistance?
XRP price hit a monthly high of $0.578, its peak since early October. This price surge has been boosted by strong investor interest, reflecting broader optimism across the crypto market. More so XRP price is now testing a critical resistance level at $0.56, which, if surpassed, could pave the way for a rally toward $0.60 or even higher.
However, caution remains as technical indicators suggest potential resistance ahead. An impending “death cross” formation, with the 50-day moving average closing in on the 200-day moving average, may indicate a bearish shift if realized. This pattern has historically preceded downward trends in XRP prices.
Additionally, XRP price is supported by positive momentum signals. The Moving Average Convergence Divergence (MACD) indicator shows the MACD line above the signal line, suggesting sustained buying interest. This bullish crossover, coupled with positive histogram bars, indicates that momentum remains on the upside.
If the MACD line continues above the signal line, XRP price could maintain its upward trajectory, potentially moving closer to the $1 mark.
Meanwhile, the Relative Strength Index (RSI) for XRP sits at around 67, nearing the overbought zone. While this suggests that XRP price has been experiencing strong buying pressure, it also indicates the possibility of a short-term consolidation. A further increase in RSI beyond 70 could trigger a price correction, as overbought conditions often precede pullbacks.
Speculation on SEC Chair’s Removal Fuels Optimism for Ripple
Consequently, market analyst Ben “BitBoy” Armstrong has speculated that Ripple and XRP may benefit if SEC Chair Gary Gensler is removed from office. With recent political shifts in the United States, some believe that a change in SEC leadership could lead to regulatory leniency for Ripple and other crypto firms. BitBoy suggests that such a move could attract capital into XRP, further driving its value upward.
Adding to this speculation, Ripple’s CEO recently echoed similar sentiments, advocating for new leadership at the SEC. While no official announcements have been made regarding potential changes, the market remains optimistic about the possible impact on price. Moreover, Brad Garlinghouse suggested that Gary Gensler is accountable for Democrats’ election performance.
At press time, XRP price is $0.55, reflecting a 3% increase in the past 24 hours with a market cap of $31.68 billion. Should the Ripple token manage to break and hold above this level, it could set the stage for a rally toward the $1 milestone. However, a failure to overcome this resistance may result in a pullback to the $0.52 support.
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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