Binance saw significant ecosystem updates in the last seven days.
Ecosystem Update
Binance is a cryptocurrency exchange with the highest daily cryptocurrency trading volume in the world. There might be a bear market but Binance is steadfast in its efforts to build despite the downturn.
The Binance ecosystem has seen several updates in the last seven days, including the launching of locked staking, promotion of new Binance savings, partnership with Christiano Ronaldo, and more.
Here are some of them:
Locked Staking
On 20 June, Binance announced to its users the launch of a new series of Locked Staking activities. According to the announcement blog, the new series would allow users to stake their ADA, AVAX, DOT, QTUM, and SOL coins for an opportunity to earn up to 36.79% APY. According to the leading blockchain ecosystem, the Locked Staking program will be run on a first-come, first-served basis, and rewards will be calculated from 00:00 UTC, the day after users deposit their cryptocurrencies in a stake pool, until the end of the staking period.
Binance Savings
Binance announced an exclusive promotion for new Binance Savings users on June 21, wherein users who, before the promotion, were not subscribed to any Savings product could enjoy 2x APY with BTC or ETH on Flexible Savings during the promotion period.
Free Trading
The US counterpart, Binance.US, through its CEO Brian Shroder announced on June 22 that the exchange now offers free trading for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.
Binance Institutional
Furthermore, on June 23, Binance, in an announcement blog, informed community members of the launch of “Binance Institutional.” According to the announcement, Binance Institutional is a “new flagship platform for VIP and institutional users.”
In addition to the already existing service offerings from Binance, Binance Institutional would offer “customized solutions for all types of institutional users, including corporates, asset managers, brokers, hedge funds, family offices, liquidity providers, proprietary trading firms, miners, high-net-worth individuals (HNWIs) and more.”
Partnership With Christiano Ronaldo
Also, on 23 June, Binance announced an exclusive partnership with footballer Cristiano Ronaldo. Through the partnership, the prominent exchange will launch a global promotion that will introduce Ronaldo's fans to Web3 with a compelling entry point into Non-Fungible Tokens(NFTs). Furthermore, Binance and Cristiano Ronaldo will develop a series of NFT collections for exclusive sale on the Binance NFT platform over the course of the agreement.
Price Performance
As the rest of the crypto market recovered over the last 7 days, the $BNB price lodged some gains. A week ago, the price of one BNB coin was $210, but at press time, it had increased by 10% to $231.53. In the last 24 hours, the price rallied by 4%.
Within this window period, the market capitalization also saw a 10% growth from $34.29 billion to $37.81 billion.
According to Santiment, the index for the number of unique addresses involved in BNB transactions daily saw a decline between June 17 and June 20. There was, however, an increase in active addresses from June 21 to June 22, when the coin recorded a peak of 7511 unique addresses. Since then, this has declined by 72%.
On a social front, the BNB coin performed exceedingly well in the last 7 days. The Social Dominance grew by a whopping 593.989%. Likewise, the Social Volume increased by 15,114%.
What is Binance:
Binance is the world's largest cryptocurrency exchange, founded in Shanghai, China, by Changpeng Zhao (CZ). Binance supports over 740 trading pairs on its platform.
With a low transaction fee (0.1%) as well as fast transaction processing, Binance has become the exchange with the largest trading volume in the cryptocurrency market. Binance exchange's technology can process 1.4 million orders per second, making it a top exchange in terms of the trading volume.
Where to find Binance:
Website | Twitter | Discord | Telegram
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Looking for a job in crypto? Check out the CryptoJobsNow listings!
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News
Algotech’s Game-changing $3.1M Presale Grabs Attention From Dogwifhat (WIF) As SUI Surges
Sui (SUI) price surges due to increasing user base and strategic collaborations. Dogiwifhat’s investors turned to Algotech after WIF faced speculations about further price drops.
After a correction phase in the broader crypto market, many coins are gaining momentum once again. Sui (SUI) has emerged as a stand-out choice for investors amid market recovery with its readily expanding user base and positive price trend.
In the meme coin space, Dogiwifhat (WIF), after leading the meme coin rally in the past week, is showing a downward trajectory. Due to WIF’s utter hype-oriented tokenomics, investors are speculating about its long-term viability and are shifting to projects with real-time utility in the Defi sector.
SUI shows strength after reaching 600k daily active accounts
Sui (SUI) is making notable strides in the crypto space with a massive surge in price momentum and trading volume. The project has made headlines, notably after the announcement of THORwallet’s integration with Sui for staking purposes. This collaboration streamlines staking, providing users with a simpler and more accessible way to enhance blockchain security and efficiency.
Sui recently achieved a major milestone, surpassing 600K daily active accounts. According to DeFiLama data, Sui's total value locked (TVL) has a favorable short-term trend. With the project's commitment to bringing new dApps online, there is potential for this price momentum to persist in the long run.
At present, the SUI token is valued at $2.1, indicating a notable surge of 13% on the intraday chart. The network is experiencing substantial investor activity, evident by a 140% surge in trading volume. With an optimistic outlook on the project, SUI is demonstrating the massive potential and is poised for significant gains in the upcoming weeks.
WIF whales shift focus after the price drops 4.5% in 24 hours
Dogifiwhat's (WIF) recent surge in the meme coin frenzy due to massive whale traffic has started to fade. The token flipped many meme coins in its recent rally to a $3B market cap just after months of launch, which proved to be a significant milestone for the meme coin. WIF price has dropped by 4% in a day, along with a declining market cap.
While some analysts indicate a positive comeback for the token, others predict a further decline in its price towards $2 by mid-April if the current trajectory persists. Amid these speculations, WIF investors are turning their attention to an emerging project currently in its presale phase, expected to yield 1200x returns once it launches on major exchanges.
Algotech (ALGT) grabs market by surge with its $3.1 million presale
Algotech (ALGT) has stolen the spotlight from meme coins like WIF as having more upside potential for massive gains. With a ground-breaking presale of $3.1 million in stage 2, Algotech stands out as the top choice for investors in the crypto sector.
The algorithmic trading platform of Algotech offers cutting-edge features like momentum trading, breakout detection, and arbitrage trading. Supporting over 10,000 trading pairs, the platform aims to empower traders with automated trading strategies and key market stats to capitalize on investments.
With over 75 million tokens sold in just three weeks to 9,000 unique holders, ALGT tokens are currently in hot demand. Investors are rushing to grab the tokens at $0.06 before they go up to $0.08 in the next round. Analysts predict that the token will reach $1 before it hits major exchanges, which makes this an ideal time for early investors to join Algotech.
Learn more:
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Try Now!
Sign up Now
Coming Soon
WIN BIG
Coming Soon
Start Earning Today!
Earn Now
Coming Soon
Sign Up Now
Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%