CRYPTO NEWS

BNB Rebounds as Price Faces $300 Level; TAMA Goes Stronger

The Binance Coin price prediction shows that BNB is moving sideways with the short-term outlook getting ready for the upward movement.

Binance Coin Prediction Statistics Data:

  • Binance Coin price now – $269
  • Binance Coin market cap – $43.5 billion
  • Binance Coin circulating supply – 161.3 million
  • Binance Coin total supply – 161.3 million
  • Binance Coin Coinmarketcap ranking – #5

BNB/USD Market

Key Levels:

Resistance levels: $320, $340, $360

Support levels: $240, $220, $200

BNB Rebounds as Price Faces $300 Level; TAMA Goes Stronger
BNBUSD – Daily Chart

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According to the daily chart, BNB/USD is trying to resume back into the positive side at the time of writing. However, due to lack of enough buying power, bulls could not sustain higher growth above the 9-day moving average. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 40-level as the signal keeps ranging. Looking back at the recent dip, recovery has been steady slowly but acutely limited under $300.

Binance Coin May Resume Uptrend; Tamadoge Goes Stronger

The Binance Coin price is trading at $269.8 as the immediate downside is protected by the support level of $265. Besides, the range at $300 is a key to the BNB trading while moving towards the lower boundary of the channel could lead to the support levels of $240, $220, and $200. Looking at the daily chart, sideways trading action could dominate the current session, and this may continue in the coming sessions.

However, following the recent price, BNB/USD is currently facing a potential resistance towards the 9-day moving average but a break above this barrier is likely to produce a huge green candle to the upside, which could reach the resistance levels at $320, $340, $360.

Against BTC, the market price is now hovering above the 9-day and 21-day moving averages at 1395 SAT. If the Binance Coin stays above the 9-day and 21-day moving averages, it may likely hit the resistance at 1550 SAT and above.

BNBBTC – Daily Chart

Meanwhile, looking at the daily chart, traders can see that the market price is likely to follow the downward movement as the technical indicator Relative Strength Index (14) moves below the 60-level while the signal line is seen pointing down. More so, should Binance Coin drops below the lower boundary of the channel, it may find support at 1250 SAT and below.

The final days of the Tamadoge (TAMA) presale this weekend were marked by large FOMO buys worth upwards of $80,000 in Ethereum. The Tamadoge token presale hit its target of 19 million USDT on Sunday, a hard cap that Jacob noted on YouTube was higher than the 2014 Ethereum ICO and the 2022 STEPN ICO. The presale ran for just under eight weeks from July 25 to September 18 – making it one of the most successful crypto presales of this year alongside Battle Infinity, which we also reviewed, another play-to-earn crypto token that rose in value by several hundred percent at its IDO. The large whale buys this weekend could indicate that TAMA will also perform well on launch day. Tamadoge was featured on CNBC last week as having high potential with its deflationary tokenomics and similarity to popular video games. The listing price of Tamadoge will be $0.03, and its maximum supply 2 billion tokens.

Tamadoge – Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Two Months
  • Upcoming ICO on LBank, Uniswap

Tamadoge logo

Related:
• How to buy Tamagoge
• Visit Tamadoge Website

CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens

The biggest news in the cryptosphere for Sept. 26 includes Interpol’s red warrant requesting law enforcement worldwide to locate and arrest Do Kwon, news of the upcoming ATOM 2.0 update, and crypto miners leaving PoW tokens after the Ethereum Merge. CryptoSlate Top Stories Interpol issues worldwide arrest warrant for Do Kwon After releasing an arrest::Listen

The biggest news in the cryptosphere for Sept. 26 includes Interpol’s red warrant requesting law enforcement worldwide to locate and arrest Do Kwon, news of the upcoming ATOM 2.0 update, and crypto miners leaving PoW tokens after the Ethereum Merge.

CryptoSlate Top Stories

Interpol issues worldwide arrest warrant for Do Kwon

After releasing an arrest warrant for Terraform Labs founder Do Kwon, South Korea asked for Interpol’s aid in looking for Kwon on Sept. 19.

Responding to Korea’s request, Interpol released a red notice for Kwon on Sept. 26, mandating law enforcement worldwide to locate and arrest him.

Terra founder Do Kwon claims he is ‘making zero efforts to hide’

Following the news of Interpol issuing a red warrant, Do Kwon tweeted that he is making “zero efforts to hide” and that he “go(es) on walks and malls, no way none of CT hasn’t run into me the past couple weeks.”

Miners flee PoW tokens as token prices tank, GPU value flounders

Crypto miners who initially flocked to GPU-compatible PoW tokens after the Ethereum Merge are leaving those networks after the value of their tokens fell and as the value of GPUs dropped by up to 40% in China since the merge.

Ethereum community split over reversible transactions proposal

The Ethereum community has voiced widely divergent opinions on whether implementing reversible transactions is a step forward.

A significant aspect of cryptocurrency is transaction irreversibility. While proponents of reversible transactions point to improved safety, detractors argue that, under this proposal, Ethereum reflects the banking system it claims to oppose.

ATOM 2.0 whitepaper to be revealed during Cosmoverse, token up 25% in September

Cosmos’s native token ATOM’s upgrade details will be launched on Sept. 26, during the first day of the Cosmoverse in Medellin. The details will be revealed in Cosmos co-founder Sommelier Zaki Manian’s keynote speech titled “$1K ATOM LFG” and a panel discussion on ATOM 2.0.

Komodo’s AtomicDEX bridge will now connect Cosmos to hundreds of blockchains

Komodo’s (KMD) integration with Cosmos on AtomicDEX was completed on Sept. 26. The integration leverages AtomicDEX’s cross-chain protocol, non-custodial wallet, and DEX to connect the Cosmos ecosystem to other blockchains.

China arrests 93 people suspected of laundering 40B RMB via crypto

Chinese authorities detained 93 people for allegedly being involved in a money laundering operation. According to local news sources, a group of criminals attempted to launder 40 billion RMB using cryptocurrencies. Authorities were able to seize 300 million RMB and 100 mobile phones from the captured subjects.Wrapped

Australian central bank issues whitepaper for the pilot of permissioned CBDC, eAUD

The Reserve Bank of Australia (RBA) published a whitepaper announcing the pilot program for its Central Bank Digital Currency (CBDC) eAUD on Sept. 26. The whitepaper was co-published with the Digital Finance Cooperative Research Centre (DFCRC).

The eAUD will work on a private, permissioned version of the Ethereum (ETH) blockchain both during its pilot period and after it launches.

Ethereum developers, and Cardano founder Charles Hoskinson get into a Twitter feud

Cardano (ADA) founder Charles Hoskinson got into a quarrel on Twitter with the Ethereum developers.

The feud started after Hoskinson criticized the Ethereum developers for ignoring Ouroboros for the last five years. He claimed that the developers were stuck on technology from 2014. In response, Ethereum developer Hudson Jameson spoke for the Ethereum developers community and said they wouldn’t look at Cardano because of Hoskinson’s attitude.

Former IMF official believes CBDCs need to function offline to gain mass adoption

A former IMF official John Kiff published a blog post explaining why he thinks Central Bank Digital Currencies (CBDC) can promote global financial inclusion.

Kiff was responsible for fintech and digital currencies during his position at the IMF. He likens the CBDCs to Avant cards of the 90s and debit cards of the 2000s in terms of utility and expansion potential. Adding that both initiatives both became widely popular and increased financial inclusion in the past, he says that CBDCs carry the potential to be the next big thing in the finance sector.

Osmosis co-founder reveals cross staking through mesh security in chainmail armor at Cosmoverse

Osmosis founder Sunny Aggarwal took to the Comosverse stage to speak about mesh security systems and opened his talk in a 40lb suit of chainmail armor.

Research Highlight

Research: How low can Bitcoin price go?

ı analysts tried to answer one of the most critical questions of today’s market: how low can Bitcoin (BTC) go? To find an answer, analysts looked at the MVRV Z-Score, which is a combination of Market Value (MV), Realized Value (RV), and Z-score.

MVRV Bitcoin Chart
MVRV Bitcoin Chart

The MVRV Z-Score is currently in the green zone, suggesting a market bottom. However, this has been the case since the beginning of the bear market. In previous bear markets in 2020, 2019, 2014, and 2011, the MVRV Z-Score remained in today’s range between 20 and 300 days, suggesting that Bitcoin’s price can stay the same for six more months.

With that being said, Bitcoin can still drop lower in the future. The closest support level is $17,500, and falling below that would indicate that this bear market is none like the previous ones.

Crypto Market

Bitcoin (BTC)increased by 1.2% in the last 24 hours to be traded at $19,172. Ethereum also increased by 2.61%, reaching $1,331.

Biggest Gainers (24h)

Biggest Losers (24h)

The post CryptoSlate Wrapped Daily: LUNA’s Do Kwon says he is not in hiding after Interpol issues red warrant; Miners abandoning POW tokens appeared first on CryptoSlate.

BNB Rebounds as Price Faces $300 Level; TAMA Goes Stronger

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