Monthly Archives: Januar 2023

Bancor Price Prediction for Jan 20th: BNT/USD to Grow 5.91%!

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• Bancor Price Prediction for Today, January 20th suggests that BNT/USD will grow 5.91% and reach a high of $0.42.
• The current Bancor price is hovering at $0.41 and is above the 9-day and 21-day moving averages.
• The recovery seems to have started as the technical indicator Relative Strength Index (14) crosses above the 60-level.

Bancor is a decentralized liquidity network that provides users with a simple, secure, and low-cost way to convert between tokens on different blockchains. The Bancor Price Prediction for Today, January 20th suggests that BNT/USD will grow 5.91% and reach a high of $0.42. The current Bancor price is hovering at $0.41 and is above the 9-day and 21-day moving averages. The recovery seems to have started as the technical indicator Relative Strength Index (14) crosses above the 60-level.

Currently, Bancor has a market cap of $65.6 million, a circulating supply of 160.7 million, and a total supply of 160.7 billion. Bancor is ranked #318 on Coinmarketcap. The Bancor price prediction shows that the coin needs to continue its up-trending growth in the coming days to recover properly as the next resistance level is likely to come at $0.46, $0.48, and $0.50. On the downside, a bearish move toward the lower boundary of the channel could open up the way to a $0.38 support, and this may likely slow down the bears and then serve as a jumping-off ground for the recovery.

In order for BNT/USD to continue its growth, investors will need to monitor the market trend and technical analysis indicators. If the trend remains positive, then Bancor could continue to rise and reach its next resistance level. On the other hand, if the trend turns bearish, then Bancor could face headwinds and the price could drop further. To maximize profits, investors should pay attention to the market sentiment and make sure to enter and exit the market at the right time.

26. Januar 2023

Binance Secures Swedish Registration, Expands EU Footprint

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Bullet Points:
– Binance, the world’s largest cryptocurrency exchange by trading volumes, has been registered in Sweden.
– This registration was granted by the Swedish Financial Supervisory Authority (FSA) and will enable Swedish residents to access the services offered by the exchange.
– Binance is now licensed as a digital asset service provider in 15 jurisdictions globally.

Binance, the world’s largest cryptocurrency exchange by trading volumes, has recently secured a registration in Sweden. This registration was granted by the Swedish Financial Supervisory Authority (FSA) and will enable Swedish residents to access the services offered by the exchange. This registration comes as a major milestone for Binance and marks the seventh license that the exchange has received in the European Union.

Binance has been on a steady growth trajectory since it was founded in 2017 and is now licensed as a digital asset service provider in 15 jurisdictions globally. The Swedish registration will enable Swedish residents to access the cryptocurrency and Web3 services offered by the exchange. Some of the services that will be made available to Swedish consumers include popular euro deposits and withdrawals, crypto buying with euro, trading, staking, and the Binance Visa Card.

The Head of Europe and MENA at Binance, Richard Teng, commented on this development saying that Binance was committed to working closely with regulators and meeting its global standards. He further added that the Swedish registration joins the growing list of jurisdictions globally that have given the regulatory green light to Binance. Roy van Krimpen, the Nordics and Benelux lead at Binance, echoed Teng’s thoughts and said that Sweden followed EU regulations in granting the registration.

Overall, this registration is a major step forward for Binance and will enable it to tap into the promising Swedish market. It is expected that the registration will open up new opportunities for the exchange and will further boost its presence in the European Union. With this registration, Binance is now closer to becoming a financial institution in the country, which could have major implications for the cryptocurrency industry at large.

18. Januar 2023

Cardano (ADA) Up 7%: Investors Welcomed by Risk-On Market Sentiment and DeFi Expansion

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• Cardano (ADA) coin has been flashing green and has risen more than 7% in recent hours, possibly owing to risk-on market sentiment in the cryptocurrency market.
• The expansion of the Cardano DeFi ecosystem, which has positively helped the ADA price, could be linked to the reason for its upward advance.
• Major BSC holders, according to WhaleStats, are also interested in purchasing Cardano (ADA).

The cryptocurrency market has been experiencing an upsurge in the past few hours, with Cardano (ADA) being one of the major beneficiaries of this bullish trend. The digital currency has seen a surge of more than 7%, with its current value resting at $0.269 at press time.

This surge in the price of ADA can be attributed to a combination of factors, such as risk-on market sentiment, the expansion of the Cardano DeFi ecosystem and major BSC holders expressing interest in purchasing Cardano (ADA).

The risk-on market sentiment experienced in the cryptocurrency market has been a major contributor to the surge in ADA prices. This sentiment has been driven by news of large institutional investors, such as MicroStrategy, allocating a significant portion of their funds towards Bitcoin and other digital assets. This has caused investors to become more confident in the cryptocurrency space, which has led to increased investments in digital assets such as Cardano (ADA).

The expansion of the Cardano DeFi ecosystem has also positively impacted the price of ADA. The Cardano DeFi ecosystem is constantly expanding, with new projects being added on a weekly basis. This increased activity in the DeFi sector is driving up the utility of the ADA token, which is leading to an increase in its market price.

Additionally, major BSC holders have expressed interest in purchasing Cardano (ADA). According to WhaleStats, ADA purchases have been rated among the top ten of the 4,000 largest BSC whales in the last 24 hours. This increased demand for ADA is helping to propel its price higher.

Overall, it appears that the long-term outlook for Cardano (ADA) is bullish. With the cryptocurrency heading north to $0.2700 and breaking above the 38.2% Fibonacci retracement level, ADA has the potential to reach $0.300 if buyers sustain the bullish momentum. Additionally, with DeFi activity and whale purchases on the rise, the future looks bright for ADA.

11. Januar 2023

Axie Infinity Price Prediction: 1.68% Increase, Bulls Take Control

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• The Axie Infinity price prediction sees a 1.68% price increase over the past 24 hours of trading as the cryptocurrency touches $127.
• Axie Infinity (AXS) may need to rise above $7.0 if the buyers keep the price above the 9-day and 21-day moving averages.
• On the contrary, traders may consider the market as bearish if the sellers take the market movement to the lower side.

The Axie Infinity price prediction sees a promising outlook as the cryptocurrency experiences a 1.68% increase over the past 24 hours of trading, taking the price to $127. This price surge is indicative of a stronger market sentiment and indicates that the buyers are back in the market.

The AXSUSD market has encountered various levels of resistance throughout its journey, with the $10, $11, and $12 mark representing the upper bounds of the market. On the other hand, the lower price range is represented by the $5, $4, and $3 mark.

At the time of writing, the Axie Infinity market is on the rise, with the technical indicator Relative Strength Index (14) moving above the 50-level. The red line of the 9-day MA is also moving to cross above the green line of the 21-day MA, suggesting that the market is shifting back into the bullish favor.

Moreover, the Axie Infinity price may need to rise above $7.0 if the buyers keep the price above the 9-day and 21-day moving averages. This will enable the cryptocurrency to keep up with the rising market sentiment and attract more investors to the market. On the contrary, the market may be considered bearish if the sellers take the market movement to the lower side.

Overall, the Axie Infinity price prediction sees a bullish outlook and a possible spike above the $7.0 level as the market is slowly shifting into the hands of the buyers. Nevertheless, traders should exercise caution and keep an eye out for any possible signs of price manipulation that might occur in the market.

11. Januar 2023