There Are 3 Reasons This Altcoin Will Be 1000 Dollars.
Despite today's and previous declines, the BNB Coin price has managed to remain strong. Even though it fell below $600, BNB Coin did not move far from the $600 price while most altcoins rushed to the bottom supports. The price, consolidated between $ 500 and $ 620, was ready to run to the top with the wind behind it for the new ATH, if the big drop in March 20 had not occurred. However, the fluctuation in BTC price changed things.
BNB Coin is targeting $800-1000 for the new top and it has 3 important supporters that make this top meaningful.
This is the first reason. There is a giant like Binance behind the altcoin and it is still the largest exchange in the world in terms of transaction volume. Moreover, since the problems with the USA have been largely resolved, structural risks have also decreased. There has been no negative impact since the November agreement. Not many people seem to care that #Binance CEO Changpeng Zhao received a four-month prison sentence and the exchange paid a $4.3 billion fine
Total value locked (#TVL ) on the Binance Chain network increased from $4.99 billion to $6 billion on April 30, reflecting strong interest. The rapid increase in the total value locked on BNB Chain also shows why the BNB price remains strong. Although hype altcoins such as SOL Coin do not see token price growth in direct proportion to TVL, there is bubble in the price. This may be much more limited in BNB
BNB Chain hosts 5,315 DApps, an 8% increase compared to last week. In other words, along with investor interest, the interest of developers is also strong.
The third reason for the rise is the bullish pennant shared by World of Charts. According to him, this formation targets a new peak up to $ 1000. Another analyst, Captain Faibik, says that we are approaching the breaking point of the big upward rally and we can see a 40 percent increase.
The 610 and 650 dollar areas are the upper trend line of the pennant. If these levels are exceeded, larger peaks can be targeted with 690 and 800 dollars
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The historic moment has come. The House of Representatives of the United States, the world's largest economy, will solemnly vote on the crypto market plan! Who can still say that cryptocurrency is a bubble? Is it air? Is it an existence that can be ignored? Bitcoin drew another small door last night, and many people panicked again and ran out to shout short. In fact, it only fell from 63,000 to 60,800! Now the world's top traditional financial institutions are pouring into the crypto market. Crypto assets have become a national strategic asset discussion. How can you say it will fall? If it falls again, the whole world is waiting to buy the bottom! So don't panic! Hold the coins in your hands! Wait patiently for a few days! Maybe you only need to wait a few more days!
The U.S. House of Representatives will vote on the crypto market structure bill FIT21
The chairman of the U.S. House Financial Services Committee, Patrick McHenry, said that the most comprehensive U.S. cryptocurrency legislation to pass the congressional committee so far will make new progress, and the entire House of Representatives will soon vote on whether to approve the bill.
Last year, his panel passed the 21st Century Financial Innovation and Technology Act, or FIT21, in a bipartisan vote, with support from a minority of Democrats despite opposition from the committee’s ranking member, Rep. Maxine Waters, D-Calif.
According to McHenry, the bill is on track to be the first significant digital asset regulation legislation to pass one of the two chambers of Congress, as it has been approved by the House Rules Committee for a vote next month.
The bill, which was also approved by the House Agriculture Committee, is “the culmination of years of bipartisan work to finally provide clarity,” said McHenry, who will retire from Congress at the end of the year and has made crypto legislation one of his priorities before he leaves office.
He said in a statement: "With the vote announced today, Congress will take a historic step to provide a clear regulatory framework for digital asset markets. This legislation will consolidate America's leadership in the global financial system for decades to come and strengthen our role as an international innovation center." (CoinDesk)
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Temporary Halt On USDC Minting On Noble As Part Of CCTP Maintenance Upgrade
According to Foresight News, Circle has temporarily ceased the minting of USDC on Noble as part of its CCTP (Circle Cross-Chain Transfer Protocol) maintenance upgrade. This move is a part of the ongoing efforts to enhance the cross-chaiN
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Strangely, animals will die when they see the bodies of their own kind. Scientists have discovered important information about an animal that is estimated to die sooner after witnessing the death of its own kind. .This animal is the fruit fly, a species that lives in tropical environments. Research by Dr. Christi Gendron and her team at the University of Michigan has revealed that fruit flies will have a shorter lifespan if they witness the death of their fellow species.
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