JUP, the native token of Solana-based DEX Jupiter, has gained rapid support from major exchanges ahead of its January 31 launch, with a surge in trading volume propelling it to second place among DEXs. Despite this, there are hopes for listings on Binance and Coinbase to further boost its launch price. The success of its WEN airdrop has fueled speculation of a strong market performance for JUP.
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Sponge V2 Introduces P2E Utility to Attract Game Lovers to Crypto
Ethereum’s price hovers around $2,200 with a slight decline, as market speculation and increased support for Bitcoin could create a positive sentiment for Ethereum. The SEC’s delay in deciding on Grayscale Investments’ Ethereum trust ETF and the formation of a symmetrical triangle pattern on the daily chart indicate a critical juncture for Ethereum’s price movement. Additionally, Sponge V2 introduces P2E Utility to attract game lovers to crypto, potentially boosting demand and value for $SPONGE.
read moreCreating Your Own Crypto Trading Bot: A Comprehensive Guide
Crypto trading bots automate cryptocurrency trading, but creating one from scratch is complex and time-consuming. Open-source platforms offer free trading bot software, and setting up API keys for exchanges is crucial. Building a bot with Python involves using PyCharm, installing libraries, and developing trading strategies. Trend-following, arbitrage, and market-making are common strategies, each with its own benefits and risks.
read moreEthereum’s Rising Influence and Staking Opportunities: A Market Analysis
Ethereum’s market influence is on the rise, with a significant increase in new addresses and a decreasing supply on exchanges. Analysts are closely monitoring key price levels, with $2,700 seen as a critical juncture for potential market rally. Staking Ethereum has become popular, offering investors various ways to earn rewards while contributing to the network’s security and efficiency.
read moreGate.io’s Proof of Reserves Method Receives Positive Security Review from Hacken
Gate.io, a leading crypto exchange, has passed a comprehensive security review conducted by Hacken for its Proof of Reserves (PoR) methodology. The review found no severe issues and praised Gate.io for its clear understanding and application of key principles in blockchain technology and cryptographic systems. Gate.io has also made improvements to its PoR method and now covers 171 assets, exceeding user deposits by more than 100%.
read moreShibarium Achieves 300 Million Transactions as SHIB Price Drops Amid Market Correction
Shibarium, Shiba Inu’s layer-2 blockchain solution, has achieved over 300 million transactions and a surge in wallet addresses. However, SHIB’s price has dropped by 4% in the past 24 hours and 6% in the past week, in line with the overall cryptocurrency market correction.
read moreEthereum’s Bullish Momentum Drives Traders Towards ERC-20 Tokens for Profit
Ethereum remains bullish as it trades inside a rising price channel, with traders predicting a potential run towards the $3,000 level. Traders are also turning their attention to ERC-20 tokens, particularly $SPONGE and Bitcoin Minetrix ($BTCMTX), which are gaining momentum and attracting significant investments.
read moreBinance Maintains Global Leadership Despite 5% Market Share Decline
Binance, the leading cryptocurrency exchange, saw a 5% decrease in market share in 2023 but maintained its global leadership position with a 50.4% share. Competitors OKX and Bybit emerged as significant challengers, experiencing substantial increases in their market shares. Despite regulatory and operational challenges, Binance managed to recover and stabilize its market share at 45% by the end of the year. Coinbase also showed improvement, rebounding in trading volume and reflecting renewed user confidence. Gate.io stood out for its diverse token offering, listing 362 new cryptocurrencies. The derivatives market experienced significant growth, with top exchanges like Bitfinex, Kraken, Deribit, and Bybit leading the way.
read moreCrypto Exchanges Face Fierce Competition and Market Shifts in 2023
Binance, once the undisputed leader in cryptocurrency exchanges, saw its dominance waver in 2023 as competitors gained ground. Despite challenges and the departure of its CEO, Binance still commanded a 50% share, but upstart rivals OKX and Bybit made significant gains, signaling a fiercer battle for supremacy in the future. Meanwhile, Coinbase staged a comeback and Gate.io emerged as the king of tokens with a diverse listing of new tokens. The derivatives market also experienced a surge, adding complexity to the evolving exchange landscape.
read moreShibarium’s Integration with Gate.io Sparks Surge in Transactions and BONE Token Price
Shibarium, the Layer-2 solution for Shiba Inu, has experienced a surge in daily transactions, with a 200% increase over the past two days. This growth can be attributed to the integration of Shibarium by Gate.io, a major cryptocurrency exchange, allowing users to withdraw BONE tokens directly onto the Shibarium network.
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