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$BNB Rallies 10% As Binance Launchpool Welcomes Sleepless AIBinance’s native token, Binance Coin ( CRYPTOCAP:BNB ), gained nearly 11% on Tuesday after the crypto trading platform announced its 42nd project on Launchpool — Sleepless AI ( NYSE:AI ). Now, Binance traders have the opportunity to farm AI tokens by staking CRYPTOCAP:BNB , FDUSD, and TUSD for seven days starting from December 28, 2023. Sleepless AI stands out as an innovative gaming platform as it meticulously combines artificial intelligence ( NYSE:AI ) and blockchain technology. Moreover, the network mainly seeks to transform the gaming industry through a distinctive approach and the considerable expertise of its team. Therefore, considering the rise of AI, getting your hands on Sleepless AI rewards could be beneficial. The listing of AI tokens on Binance is scheduled for January 04, 2024, at 10:00 a.m. UTC. Thereafter, it will feature trading pairs such as AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY. Moreover, the Sleepless AI token will be equipped with a Seed Tag, adding an exclusive touch to its trading status. Sleepless AI has a total supply of 1 billion AI tokens. Out of this, the Binance Launchpool token rewards amount to 70 million AI, which is 7% of the total supply. Moreover, the recent announcement disclosed that the AI token will have an initial circulating supply of 13 million AI, which is 13% of the total token supply. According to the Sleepless AI whitepaper, AI tokens could be used to purchase in-game tokens as well. Furthermore, in-game purchases would be discounted for those who hold AI. Also, gamers would be able to purchase upgrades using AI tokens. CRYPTOCAP:BNB Price Surge After the latest announcement was made, Binance Coin ( CRYPTOCAP:BNB ) ascended significantly. As of writing, the CRYPTOCAP:BNB price was up by 10% as it traded at $294.75. The market capitalization of CRYPTOCAP:BNB was recorded at $43.8 billion, gaining 9.43%. Additionally, the 24-hour trade volume soared by 71.06% to $1.3 billion. Also, it is worth noting that the CRYPTOCAP:BNB crypto registered a new 1-month high of $288.79 on Tuesday.
Long
by DEXWireNews
✴️ $2 Final Target | The Last Binance Coin AnalysisThe triangle we see drawn on the chart can be considered a long-term distribution phase. ➖ BNBUSDT is trading below MA200 coupled with very bad news. The effect on this market can be devastating. 👉 It is impossible to say exactly if the final target will be $11, $6, $2 or $0.10, it is very hard to predict an exact target but, the chart is pointing lower. This is not financial advice. Do your own research and planning. Trading is risky. Namaste.
Short
by AlanSantana
88
Is BNB a Fallen Angel and Worth Going Long? While Binance Coin (BNB) has experienced some recent volatility and price declines, it remains a promising and bullish cryptocurrency investment option. BNB's underlying strengths, coupled with the thriving growth of the Binance ecosystem, make it a compelling long-term prospect. Firstly, BNB serves as the native cryptocurrency of the Binance ecosystem, the world's largest cryptocurrency exchange by trading volume. This intrinsic connection to a robust and widely-used platform provides BNB with inherent utility and demand. As Binance continues to expand its services and attract new users, the demand for BNB is likely to grow, driving its price upwards. Secondly, BNB is a deflationary asset, meaning its supply is gradually reduced over time. This process, called "burning," occurs when Binance takes a portion of its transaction fees and permanently removes them from circulation. This mechanism serves to increase scarcity and enhance the value of BNB. Furthermore, BNB is increasingly being adopted for various use cases beyond its role as a payment token on the Binance exchange. It is being used as collateral for decentralized finance (DeFi) applications, traded on decentralized exchanges, and integrated into various businesses and projects. This expansion of use cases further diversifies BNB's value proposition and strengthens its long-term potential. In conclusion, while Binance Coin has experienced some short-term challenges, its underlying strengths and the growth of the Binance ecosystem make it a bullish investment option. BNB's utility, scarcity, expanding use cases, and strong network effects position it well for continued growth and appreciation over the long term. Investors who are looking for exposure to the cryptocurrency market and believe in the potential of the Binance ecosystem should consider BNB as a potential addition to their portfolios. Please note that these are my personal opinions and they could be wrong
Long
by SabahEquityResearch
2
BNB may return to its previous positionIf we look at the big picture, we see that a downtrend has been broken and support levels are working. A possible shoulder-head-shoulder pattern is also visible. There is a possibility to continue to rise from here, but I expect a downward movement close to the support. Therefore, I entered a buy order at 236 and will wait from now on. In my opinion, BNB will be bullish in the ETF hype movement after the beginning of the year. I would also like to remind you that Binance is bigger than CZ.
Long
by Not_the_richest_man_in_Babylon
1
BNBUSDTAnalysis of BNB daily time frame The current price of Binance Coin is 265.6 dollars. After the positive news we had for the Binance exchange, this currency was able to break the important resistance of 256 dollars. As long as it can break the upward yellow trend line, targets 1 and 2 are easily achievable. The correction and fall of the price should pay attention to the POC area (where there is the largest volume). The important supports ahead are $256 and $248. Technical analyst: Amir Hassan Salek #BNBUSDT
Long
by taghadosi
1
TRYOUT PUBLISHING MY VIEWS HERE ON BNBUSDT.P FULL NEW SECRET DAY TRADERS TIP I DISCOVERED, LIVE CHART ANALYSIS COIN NAME: BNB/USDT.P RISK: 1:3.48 TAKE PROFIT: 26.59 (3.06 from entry) STOP LOSS: 27.68 (0.8% from entry) Hi Trader, First time here! Great to be here to share a crypto analysis approach i find interesting, check it out. I'M STILL A STUDENT OF THE MARKET KEY GUIDE: DEMAND & SUPPLY, MARKET STRUCTURE, LIQUIDITY, ORDER BLOCKS, IPA/FVG/IMB THIS TIP IS NOT FINANCIAL ADVICE, BUT IF YOU FIND THE APPROACH GOOD AND WANT TO GIVE IT RIDE SINCE IT'S A LIVE SESSION RISK 1% OF YOUR CAPITAL
Short
by CRansom001
Binance Coin can rebound from support line and start to move upHello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price a few moments ago declined below the 236 support level to the buyer zone, where it at once rebounded and rose back, making a fake breakout. Next, the price started to range, in which it firstly rose to the top part, which coincided with the current support level, but soon BNB around down and started to decline. Declined to the buyer zone, the price at once rebounded and started to rise in an upward channel, where in a short time BNB rose back to 257 current support level. After this, the price broke this level and reached the resistance line of the channel, but a not long time ago, BNB rolled down and now it trades near the support line of the upward channel. In my mind, Binance Coin can bounce from the support line and start to rise to the resistance line back. For this case, I set my target at the 286 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Binance Coin(BNB): Reached Major Resistance! BNB is currently exhibiting critical price action as it tests a major resistance zone around $260. This level has previously acted as a strong barrier; a decisive breakout above could signal further bullish momentum. However, the price has faced multiple rejections at this level, so let's see. We have two possible scenarios here: 1) Breakout with a nice re-test, which would confirm this zone to be backed by bulls, and then we will see a nice movement to further upper zones. 2) The price will fail to seize that resistance, leading it to close the daily candle below it and potentially continuing that weakness further down.
by SwallowPremium
1
BNB 2024Hello friends, today I want to write my analysis of the trend of Binance Coin here. Since the CEO of Binance CZ faced legal problems in the United States court, many people are waiting for the heavy fall of BNB, but the reality is that BNB With the support of Binance exchange, it continues to grow, and in my opinion, many people can become rich by buying and holding BNB in ​​the new year. Fundamentally, BNB is one of the main heavyweights of the crypto market, which reminds me of Ethereum 200. Throws dollars. My expectation is that it will grow up to 2700 dollars this year, although it has much more potential. Have a happy and profitable new year
Long
by vahidzamani67
1
$BNB performing bullish descending triangle in 1week ** CRYPTOCAP:BNB performing bullish descending triangle in 1week ** Trading a bullish descending triangle involves identifying a specific chart pattern and implementing a strategy based on the expected price movement. The descending triangle is a continuation pattern that usually forms in an uptrend and suggests a potential continuation of the bullish trend. Here are the steps you can follow: 1. **Identify the Bullish Descending Triangle:** - Look for a strong uptrend in the price of an asset. - Identify a descending triangle pattern, which is formed by a horizontal support line and a descending trendline connecting lower highs. 2. **Confirmation of the Pattern:** - Ensure that the price has touched the support line at least twice and the descending trendline has been established with lower highs. 3. **Entry Point:** - Consider entering a long (buy) position when the price breaks above the descending trendline. This breakout is a signal that bullish momentum may continue. 4. **Volume Confirmation:** - Confirm the breakout with an increase in trading volume. Higher volume during the breakout can indicate stronger market participation and validate the bullish move. 5. **Stop-Loss Placement:** - Place a stop-loss order below the support line. This level is crucial, as a break below it could signal a potential trend reversal. 6. **Take Profit Target:** - Set a profit target based on the height of the triangle. Measure the distance from the highest point of the triangle to the support line and project that distance upward from the breakout point. This provides a potential target for the bullish move. 7. **Risk Management:** - Manage your risk by adhering to proper risk-reward ratios. This involves ensuring that the potential profit is greater than the potential loss. 8. **Monitoring the Trade:** - Keep a close eye on the trade as it progresses. If the price moves in the anticipated direction, consider adjusting your stop-loss to lock in profits or trailing it along with the ascending support line. Remember that trading always involves risks, and it's crucial to use risk management strategies, such as setting stop-loss orders and not risking more than a small percentage of your trading capital on a single trade. Additionally, technical analysis should be complemented with other forms of analysis, such as fundamental analysis and market sentiment, for a more comprehensive view of the market.
Long
by Crypto-Adda_Official
2