According to PHOENIX crypto analytics platform, several cryptocurrencies have shown significant gains across different exchanges recently. Leading the list is $HARD, which has surged by an impressive 81.8%. This dramatic increase highlights its strong performance in the market.
$NULS and $INSP Show Strong Gains of 64.2% and 52.3%, 2nd and 3rd to $HARD $NULS is not very far behind with an increase of 64.2%, which also shows good growth. Another parameter of excellence that can be observed regarding the $INSP is that its percentage has increased by an impressive 52.3% and this certainly speaks volume for its popularity in investment circles.
Other large gainers include, $CAT with a boost of 46.6% and $NLK which has increased by 28.8%. These two cryptos have presented a good performance in recent trading sessions. It’s another record on the rise of the stock in the market, with $WELL increasing by 26.7%.
Recent Daily Gainers Signal Strong Crypto Market Sentiment $PDA has risen to 23.6%, which indicates continuous improvement. $VOXEL is also on the rise with an increase of 21.5% and consistent trend of rising. $TLOS has risen to 20.9% and $APTR has also risen to 20.0%.
Lastly, such daily gainers, reported by PHOENIX, imply upbeat market sentiment and increasing interest in the related digital assets and specific cryptocurrencies. They show that is possible to make large profits in the sphere of cryptocurrencies as the market goes on developing. It is important for investors to be aware of these trends and adopt them in their decisions at the right time.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Home Altcoins Binance Lists Two New Cryptos With up to 75x Leverage
Binance Futures has announced the listing of NULS and DOGS, both coins will be available for trading on August 26, 2024.
These coins will be offered with leverage options up to 75X.
Binance can reportedly change contract features, including funding fees, leverage and margin requirements, depending on market conditions.
Traders can use Binance’s multi-asset mode, which allows the use of assets such as BTC as margin when trading these contracts.
They are part of Binance Futures’ ongoing efforts to expand trading options and improve the user experience when trading crypto derivatives.
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
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Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data.
Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains.
But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals?
On Falling Wedges And Potential Breakouts CryptoAnalystHub, a prominent analyst on social media, has successfully plotted a Bullish Falling Wedge in Floki’s price chart. This is generally indicative of the possibility of a price reversal, according to the respective technical indication.
$FLOKI 🔥🚀
Update:(Formation of a Bullish Falling Wedge pattern is done )✅
Breakout is also happens, Expected move for short term buyers is 90-100% soon💰🎯#FLOKI #FLOKIUSDT #FLOKIBTC #SIGNALS #ALTSEASON #ALTCOINS #USDT$DOGS $REI $NULS $PDA $PHA $VIDT $HARD $DCR $FLUX… pic.twitter.com/ELtuhsTnks
— CryptoAnalystHub (@Analysts_Hub) August 27, 2024
In other words, the pattern signals that the recent downtrend for Floki might be at its last stage, thus giving way to an upward rally.
The Falling Wedge, characterized by two converging trendlines with a downward slope, has served to squeeze Floki’s price action between the lines and has printed a series of lower highs and lower lows.
According to CryptoAnalystHub, a breakout above the upper trendline has already occurred, which would mean that Floki is at the cusp of a major bullish phase.
However, the analyst explains that if Floki is to sustain an uptrend, it needs to be able to push above pivotal resistance areas around $0.00021176 and $0.00027969.
These have been resistive zones showing renewed selling pressure in the past and, thus, are crucial for the digital asset to break through.
FLOKI is currently trading at $0.00015. Chart: TradingView Keeping An Eye On Floki Adding to the bullish sentiment, crypto analyst Javon Marks recently flagged Floki as one to watch. On X, Marks projected over 96% gains in store for Floki once a Hidden Bull Divergence has been confirmed.
He noted that a break above $0.0002761498 would unlock the door for even healthier gains, pointing to the next key level at $0.0005467298 – a further upside of 90% from this point, further building on the optimistic prospects into the future of Floki.
Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing!
With a break above this target,… https://t.co/w3iDJDPeZU pic.twitter.com/SSr3iaLB5F
— JAVON⚡️MARKS (@JavonTM1) August 22, 2024
On-Chain Data Favor The Bulls Beyond technical analysis, on-chain data also looks promising for Floki. Noticeable growth in the network is seen, as depicted by the increase in new addresses.
This could indicate a trend that fresh capital has started flowing into the Floki ecosystem and may be pushing up demand and, therefore, its price.
Further supporting this is the increase in daily active addresses. Increased activity often suggests that interest and momentum are building within a community, which is usually a precursor to increased prices.
Is The Hype Justified? While this might be so from the technical and on-chain indicators for Floki, an un-cautious approach towards such predictions is warranted, seeing that it is a meme coin. Meme coins are very prone to volatility and hence dramatic shifts in sentiment. That being said, while Floki has had a decent run in recent days, investors should be prepared to lose it all.
Technical patterns, on-chain data, and the increase in investors’ interest support the great price surge of Floki. But it remains to be seen whether this meme cryptocurrency would sustain this. After all, as they say, within the crypto space, expect the unexpected.
Featured image from Gadgets 360, chart from TradingView
The team at NULS, a blockchain having a modular-based architecture for cross-chain interactions, has announced the launch of a new mainnet version. The NULS Mainnet v2.20.0 offers substantial enhancements targeted at increasing the NULS ecosystem’s functionality and efficiency, especially in the case of transaction processing and on-chain capabilities. The platform took to its official social media account to announce this development.
NULS Announces Its Mainnet Update with the v2.20.0 Version, Offering Support for $BTC and $ETH According to NULS, a noteworthy feature of the latest update deals with support for $BTC and $ETH assets for gas fees. The respective assets are bridged from local Ethereum and Bitcoin networks via the NULS Parachain NerveNetwork. This makes it significantly convenient for clients to transfer within the ecosystem of NULS. In this respect, they can use well-known crypto assets.
This inclusion will potentially improve the consumer experience with the provision of additional flexibility concerning transfer fee payments. Apart from that, the update takes into account optimizations regarding the cross-chain processing. They focus on minimizing the server pressure along with enhancing the network performance in general. This is specifically crucial while cross-chain interactions operate as a chief feature within the NULS platform.
The Node Owners Need to Update the Nodes to the Latest Version These interactions enable smooth interoperability between diverse blockchain networks. Additionally, NULS v2.20.0 update takes into account diverse stability issues and bugs, guaranteeing a more secure and dependable network for consumers. As the update is mandatory, node owners need to update each of the nodes, taking into account consensus and regular nodes.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
After touching an ATL of $23 million market cap, Neiro On Ethereum is back from the bottom of the barrel with a +260% in the last 48 hours. Will we see an incredible comeback?
Neiro on Ethereum looked doomed. Down over 90% from its ATH, It was not looking good. Some investors, however, continued to believe in it.
Despite everything, a community has formed behind this project. Not only that, but Neiro on Ethereum is listed on 15 exchanges, including Bybit, Gate.io, and OKX.
And now Neiro on ETH has listed on Binance Futures – inducing an almost immediate upside.
WTF $NEIRO BINANCE LISTING
HOLY FUCKKKKKKKKKKKKKKKKKKK
SEND IT TO 1B IN A DAY@binance pic.twitter.com/cju5wUb5Ne
— MoneyLord (@moneyl0rd) September 6, 2024
On socials, Neiro continues to be shilled by numerous accounts, including famous influencers who have received bags in exchange for their shills. It was precisely the controversy around these paid callers and the team that holds the majority of the supply that triggered the first wave of fud.
Neiro On Will Ethereum Continue To Rise? Investors Are Betting On It What is noticeable is that Neiro is going against the general market trend. While other meme coins are falling, Neiro’s trading volume continues to rise, as does its value. That surely caught the attention of new investors. Low prices were seen as a potentially high-risk but also high-reward bet. So far, the bet is paying off.
(NEIROUSDT)
Neiro has a $86 million market cap, and people are speculating about its comeback. With an OKX listing and thus even more exposure, Neiro could regain ground and establish itself as the official Neiro of this meta, surpassing in importance not only the other Neiros on Ethereum but also those on Solana.
$NEIRO $ETH is going uptrend on shorter timeframe and forming bull flag pattern
— Eunice D Wong 🦄 (@Eunicedwong) September 6, 2024
Investors seem bullish on Neiro despite everything. All the FUD is gone, for now. Is Neiro going to make it? We will see.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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AlpacaMoney has recently unveiled a unique collaboration with an open-source modular blockchain infrastructure NULS. The partnership between AlpacaMoney and NULS targets to combine both the platforms’ strengths to establish a relatively versatile and interconnected ecosystem. AlpacaMoney took to its official X account to provide insights into this initiative.
AlpacaMoney Joins Forces with NULS, Aiming at Improving Multi-Chain Asset Bridging to NULS and TON In a recent X post, AlpacaMoney expressed its enthusiasm regarding this partnership. The platform has gained significant attention because of its resilient social instruments as well as asset hub abilities. With these features, AlpacaMoney intends to assist in multi-chain assets’ bridging to both the NULS and TON ecosystems. For a considerable time, NULS has been getting attention for the modular and flexible design thereof.
These things made it convenient for builders to develop as well as set up blockchain applications. Leveraging the asset hub of AlpacaMoney enables NULS to access a broader multi-chain asset series. In this respect, it permits increased innovation and flexibility within its ecosystem. The respective integration will unveil the latest use cases and assets, widening the NULS platform’s appeal for users and developers alike.
A key benefit of this collaboration takes into account the capability for bridging the assets throughout several chains. The blockchain sector is seeing a substantial focus on cross-chain interoperability and this endeavor aims to enhance it. For this purpose, this partnership will potentially provide convenience for the assets’ movement across diverse networks.
The Collaboration Enhances Multi-Chain Asset Interoperability to Boost NULS Ecosystem’s Innovation With the improved interoperability, both entities will deliver additional opportunities to the consumers. Hence, they can engage with cutting-edge DeFi applications along with blockchain-based services. According to AlpacaMoney, this initiative will potentially drive the NULS ecosystem’s innovation to a further extent with the expansion of the use case and assets.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
On December 2, 2024, blockchain platform NULS and Nexera Network announced a groundbreaking partnership to revolutionize real-world asset (RWA) tokenization. This collaboration aims to integrate NULS’s modular blockchain technology with Nexera’s advanced tokenization framework, enabling the seamless creation and management of RWAs. The partnership is set to introduce institutional-grade standards, enhancing security, compliance, and scalability within the blockchain ecosystem.
The partnership addresses a growing demand for institutional solutions in the blockchain space. By combining their strengths, NULS and Nexera aim to provide a compliant and secure framework tailored to meet the stringent requirements of large-scale financial institutions. This development is expected to accelerate blockchain adoption across industries by offering robust solutions for tokenizing real-world assets such as real estate, equities, and commodities.
Nexera Network’s expertise in decentralized identity (DID) and cross-chain interoperability complements NULS’s modular architecture, known for its flexibility and ease of integration. The two platforms aim to bridge traditional finance and decentralized ecosystems, making blockchain technology more accessible to institutional investors.
Cross-Chain Innovation Drives Real-World Asset Tokenization and Industry Optimism A vital feature of this partnership is the focus on cross-chain capabilities. NULS’s multi-chain system will work alongside Nexera’s interoperable architecture to ensure tokenized assets can operate across various blockchain networks. This cross-chain functionality will allow users to benefit from greater liquidity and efficiency, breaking down barriers between siloed blockchain ecosystems.
Moreover, the integration enables seamless transfers and interactions between tokenized assets, improving transaction speeds and reducing costs. Such interoperability is critical for driving the widespread adoption of tokenized assets in retail and institutional markets.
Tokenizing real-world assets has been a growing trend in the blockchain space, allowing for greater transparency, fractional ownership, and liquidity. The collaboration between NULS and Nexera aims to set new benchmarks in the sector by delivering scalable and compliant tokenization solutions. By leveraging NULS’s customizable blockchain modules and Nexera’s expertise in token standardization, the partnership seeks to unlock new opportunities for asset digitization.
The emphasis on institutional-grade standards ensures that the tokenization framework aligns with regulatory requirements, making it suitable for finance, healthcare, and supply chain management industries. This approach enhances trust and positions blockchain technology as a viable solution for real-world challenges.
The announcement has garnered attention across the blockchain industry, with many viewing it as a significant step towards mainstream adoption. Analysts believe the partnership could set a precedent for future collaborations to bridge traditional finance and decentralized technology. NULS and Nexera are well-positioned to attract institutional players who have been cautious about entering the blockchain space due to regulatory and operational concerns by focusing on compliance and security.
The partnership between NULS and Nexera Network represents a pivotal moment in the evolution of blockchain technology. The collaboration is set to pave the way for broader adoption of blockchain-based solutions by addressing critical challenges such as compliance, security, and cross-chain interoperability. As institutional interest in tokenized assets continues to grow, this partnership is poised to advance real-world asset tokenization with institutional-grade standards.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
The world’s largest crypto exchange Binance on Wednesday said it plans to delist some spot and margin trading pairs. The delisting to impact crypto such as Axelar (AXL), Coin98 (C98), Enjin Coin (ENJ), Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP). As a result, the price of some abovementioned crypto drops in response.
Binance Delisting AXL, C98, and ENJ Coin Spot Trading Pairs On January 8, Binance revealed the plan to remove and cease support some spot trading pairs for Axelar, Coin98, and Enjin Coin. The delisting will take effect at 03:00 UTC on January 10.
This move followed Binance’s periodic review of market liquidity and trading volume. The exchange cited poor liquidity and low trading volume as the main reasons for delisting these pairs.
Even though the affected tokens can still be used for trading alongside other assets on the platform, the decision to remove these trading pairs has raised concerns among traders and investors. The delisting of pairs like AXL/FDUSD, C98/BTC, and ENJ/ETH signifies a shift in market dynamics, prompting users to adjust their positions accordingly.
Investors To See Liquidity Issues? Furthermore, the removal of trading pairs from Binance can result in reduced liquidity, which can increase the volatility of the affected tokens, especially amid crypto market crash. The exchange also declared that it would terminate Spot Trading Bot services for the affected pairs.
Users who have set up automated trading bots for these pairs are advised to cancel or adjust them to avoid potential losses. This warning highlights the broader implications of delisting for traders who rely on automated strategies. The delisting news triggered a sharp decline in the price of the affected tokens, contributing to the ongoing market volatility.
Binance to Remove BEL, NULS, LSK, SFP, and LIT Margin Pairs Binance Margin announced the delisting of several cross and isolated margin trading pairs. These include Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP) in BTC pairs.
The delisting process starts with restrictions on asset transfers into Isolated Margin accounts. Isolated margin borrowing will be suspended on January 9. Binance advised users to close their positions or transfer assets to Spot Accounts before January 16. On this date, all affected positions will be settled automatically, and pending orders will be canceled.
Cross-margin pairs such as LIT/BTC, NULS/BTC, and SFP/BTC will be delisted alongside isolated margin pairs, including BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC. One of the top crypto exchanges emphasized that users would no longer be able to update their positions during the delisting process, and failure to act in time could result in potential losses.
Despite these changes, the affected tokens will remain tradable in other pairs. This strategic move follows the exchange’s commitment to maintaining high-quality trading markets and optimize the user experience.
Price Impact Following Delisting Announcement Axelar’s AXL price was trading at $0.65 and fell by 12% in the last 24 hours. It was trading between a low of $0.64 and a high of $0.74. The current market cap of AXL is $583 million, with a trading volume of $15.85 million.
Coin98’s C98 token price declined by 15% from its peak level of $0.1884. It was trading at $0.16, with a market cap of $142 million and a 24-hour trading volume of $29 million.
Enjin Coin’s ENJ price was trading at $0.21, dropping 14% in the last 24 hours. It had a 24-hour trading range of $0.2098 to $0.2495. The ENJ token’s market cap stood at $381 million, with a trading volume of $32 million.
Other affected tokens included Litentry (LIT), Bella Protocol (BEL), and NULS, each experiencing a 13% dip. Lisk (LSK) saw a 10% decline, while SafePal (SFP) recorded a 5% decrease.
In addition, Binance suspended Troy token BSC deposits due to security concerns. This announcement caused Troy’s price to plummet by 40%, adding to the bearish sentiment across the market.
Binance will delist 14 tokens from its platform on Apr. 16, following the results of its first batch of the “Vote to Delist” initiative.
The tokens being delisted include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT. In an announcement made on Apr. 8, Binance explained that the delisting follows both internal reviews and the results of a community vote.
Over 103,000 votes were cast by more than 24,000 participants, and after filtering out ineligible votes, around 93,000 votes were validated. To be eligible to vote, users had to hold at least 0.01 Binance Coin (BNB).
Low trading volumes, a lack of project development, a lack of community involvement, and non-compliance with the platform’s internal or regulatory standards are some of the reasons provided by Binance for the delistings. The exchange pointed out that tokens that were not delisted in this round might still be removed later on if they don’t satisfy the requirements.
All trading pairs for the 14 impacted tokens will be removed at 03:00 UTC on Apr. 16, and deposits for the tokens will be suspended. However, users will still be able to withdraw these tokens until June 9, after which any remaining balances may be converted into stablecoins.
This action follows Binance’s Mar. 31 delisting of Tether (USDT) spot trading pairs in the European Economic Area to comply with the newly enacted Markets in Crypto-Assets regulations. MiCA aims to improve oversight and accountability over digital assets within the EU by requiring exchanges to delist tokens that don’t meet specific compliance standards.
Exchanges need to demonstrate that they meet guidelines for enhanced security, transparency, and compliance with anti-money laundering regulations. The increased regulatory pressure has forced exchanges to be more selective about which tokens they support in the region.
Binance, one of the world’s largest crypto exchanges, has shortlisted 10 altcoins for close monitoring, with potential for delisting.
This review, set to take around 30 days, reflects Binance’s attempts to enhance market quality.
Binance Shortlists 10 Altcoins For Potential DelistingFollowing its announcement to list GoPlus Security (GPS), Binance shared another update detailing extending its monitoring tags to 10 altcoins.
Specifically, Aergo (AERGO), Alpaca Finance (ALPACA), AirSwap (AST), Badger DAO (BADGER), BurgerCities (BURGER), COMBO (COMBO), NULS (NULS), STP (STPT), UniLend (UFT), and VIDT DAO (VIDT) are now on the list, effectively placing them on high risk of delisting.
“Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance explained in a blog.
Accordingly, Binance has implemented a new requirement for users looking to trade any tokens marked on its Spot trading and Margin platforms. To gain access, traders must pass a risk-awareness quiz every 90 days. This measure ensures that users understand the risks associated with these tokens before engaging in trades.
The exchange emphasized that this shortlisting does not guarantee delisting. Binance will conduct periodic project reviews and decide whether to add or remove the Monitoring Tag. Notably, this decision will hinge on current findings after the review process.
Nevertheless, this assurance did not assuage token holders. In the immediate aftermath of this potential delisting announcement, the values of the 10 cited tokens dipped, posting double-digit losses as investors traded the news.
AERGO, ALPACA, AST, BADGER, BURGER, COMBO, NULS, STPT Price Performance. Source: TradingViewNotably, tokens with the Monitoring Tag present high risk due to concerns spanning regulatory uncertainty, low liquidity, or extreme volatility. Binance displays this tag on the corresponding Spot and Margin trading pages and the Markets Overview section. Additionally, the exchange shows a risk-warning banner whenever users interact with these tokens.
Citing community feedback, the leading exchange by trading volume said its monitoring tag would now be updated monthly. Nevertheless, it will continue to review the removal of Monitoring and Seed Tags quarterly.
“New projects will be added in the first week of every month,” the exchange added.
By enforcing this requirement, Binance aims to educate and protect its users, ensuring they make informed decisions. The move reflects the exchange’s increasing focus on risk management and compliance in a growing regulatory environment.
Meanwhile, the drop seen across the affected tokens is unsurprising, presenting as a typical reaction to such announcements. For instance, in December, Binance’s decision to delist three altcoins sent affected tokens down a cliff to record double-digit losses.
Conversely, listing announcements have the opposite effect. BeInCrypto reported earlier how Binance exchange’s move to list GPS sent the token soaring by over 10%.
