Binance Coin

Mehracki (MKI), BNB (BNB), And Vita Inu (VINU): 3 Coins Expected To Rise In 2023

Published

2 weeks ago

July 31, 2022

Mehracki (MKI), BNB (BNB), And Vita Inu (VINU): 3 Coins Expected To Rise In 2023

It’s always exciting to keep an eye on the latest cryptocurrency rankings, as this is a rapidly-evolving industry with new opportunities arising all the time. In this blog post, we’ll take a look at three cryptocurrencies that we believe are destined for success in 2023. These are Mehracki (MKI), Binance Coin (BNB), and Vita Inu (VINU). So without further ado, let’s get started!

Mehracki (MKI) is the Newest Member of the Meme Coin Space

Meme coins, which have recently made a name for themselves in the field of crypto money, are usually produced for humorous purposes. These coins are not intended to solve a problem like other cryptocurrencies. Because the value of meme coins varies a lot according to the shares of social media influencers and the interest of crypto money enthusiasts, all price fluctuations rely on the concepts of hype and FOMO. Mehracki (MKI), on the other hand, was implemented to provide an essential solution to this unpredictability and the absence of real-life applications.

The project aims to be a pioneer in the field of meme coins by making an ambitious entry into the cryptocurrency market. As has become painfully clear, cryptocurrency investors are fed up with meme coins that copycat each other. With this in mind, Mehracki’s developers aim to make the MKI token a popular real-life payment instrument.

According to the development team, the project’s native token, MKI, can be used in tourism businesses, luxury restaurants, bars, accommodation facilities, and countless cafes. Moreover, all this will be accomplished with minimal downtime. In this way, they aim to raise people’s living standards at a low cost.

Just as it is possible to shop with Bitcoin (BTC) today, it will be possible to buy tickets, pay hotel fees and cover travel expenses with Mehracki (MKI). In other words, all active token holders will be able to make their payments in seconds with MKI tokens anywhere in the world without the need for intermediaries.

Binance Coin (BNB) Is the Fifth Most Popular Coin in the Market

Binance Coin (BNB) is a cryptocurrency created by Binance, the world’s largest cryptocurrency exchange. The coin’s purpose is to be used as a means of payment on the Binance platform. Binance Coin (BNB) also has a dual-chain structure, allowing users to trade digital assets and fiat currencies. As of May 2022, BNB has a market value of over $49 billion and is the fifth most popular cryptocurrency globally. Quite the achievement.

While Binance Coin has seen significant growth since its launch in 2017, its prospects remain uncertain due to the highly volatile nature of the cryptocurrency market. Nonetheless, Binance Coin (BNB) remains a popular coin with investors and traders alike, providing them with a unique way to participate in the burgeoning world of digital currencies.

Vita Inu (VINU) Might Offer Great Returns in the Future

Vita Inu (VINU) is an ecosystem established to facilitate the purchase of goods and services with digital currencies. The team behind Vita Inu consists of several individuals with years of experience in the cryptocurrency industry. The team is led by co-founders David Orme and Maximilian Weinberg and includes many developers, designers, and marketing professionals.

The total supply of Vita Inu (VINU) tokens is 1 billion, and the developers are planning to distribute these tokens through a series of airdrops and rewards. There are also several advantages to the Vita Inu mentioned by the developers. For example, the coin’s ability to be used as a payment tool for goods and services, be donated to charities and be used in mobile wallets and bank cards are among its prominent features.

All three of these coins have exceptional potential for growth in 2023. Mehracki (MKI) is an excellent coin to enter with, as it has a low price and a lot of room for growth.

BNB and VINU are more established coins with higher prices, but they are also expected to see significant increases in value over the next year. If you’re looking to invest in cryptocurrencies, these three coins should be at the top of your list.

Links:

Mehracki Token
Join Presale: presale.mehracki.io/register

Website: mehracki.io

Telegram: https://t.me/Mehracki_Official

The post Mehracki (MKI), BNB (BNB), and Vita Inu (VINU): 3 Coins Expected to Rise in 2023 appeared first on .

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TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

Published

5 days ago

August 10, 2022

jamesobande

TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

The price of Binance coin (BNB) continues to look strong as it holds its support against Tether (USDT) after the Consumer Price Index (CPI) announcement. The CPI tends to provide a gauge as regards inflation in the economy while instigating BTC prices and other altcoins.

Bitcoin’s (BTC) price saw a pullback from $24,200 to $22,800 despite showing signs of a relief rally but was faced with resistance to breakout. Despite the shake-out, the price of the Binance coin remained strong. (Data feeds from Binance)

Price Analysis Of BNB On The Weekly Chart

Weekly BNB Price Chart | Source: BNBUSDT On Tradingview.com

From the chart, the price of BNB saw a weekly low of around $210, which bounced from that area and rallied to a price of $330.

The price has built more momentum as it faces resistance at $336.

If the price of BMB on the weekly chart continues with this bullish structure, it could quickly revisit $450.

Weekly resistance for the price of BNB – $336.

Weekly support for the price of BNB – $300, 210.

Price Analysis Of BNB On The Daily (1D) Chart

Daily BNB Price Chart | Source: BNBUSDT On Tradingview.com

The price of BNB found strong support at around $270, with what seems to be an area of interest on the daily chart.

BNB bounced from its support, forming a trendline as it faces resistance to break above $336.

At the point of writing, the price of BNB is at $333, trying to break the resistance at the $336 area.

If the price of BNB breaks above the $336 resistance with good volume the price of BNB could rally to a high of $450.

The trendline formed by BNB acts as the support and area of interest for subsequent buy bids. A break of this trendline below invalidates the setup.

With more buy bids, and the positive CPI announcement we could see the price of BNB trending higher.

The RSI for the price of BNB on the daily chart is above 70, indicating healthy buy bids for BNB.

The volume for BNB indicates buy bids, this shows bulls would want to push the price higher.

Daily (1D) resistance for BNB price – $336.

Daily (1D) support for BNB price – $270, $220.

Price Analysis OF BNB On The Four-Hourly (4H) Chart

Four-Hourly BNB Price Chart | Source: BNBUSDT On Tradingview.com

The price of BNB has continued to maintain its bullish structure despite retracing to its trendline support on the 4H chart, as the price faces resistance at $336.

BNB price is $333, trading above the 50 and 200 EMA with prices of $310 and $280 on the 4H chart. These prices would act as support areas for BNB on the 4H chart.

Four Hourly (4H) resistance for BNB price – $336.

Four hourly (4h) support for BNB price – $310, $280.

With the positive CPI news, the price of BNB could break the resistance and would trend higher.

Featured image from Bitnovo, Charts from TradingView.com

Binance Coin

Binance Coin (BNB) And Ripple (XRP) Are Going To Be Overtaken By Presale Star Degrain (DGRN)

Published

1 week ago

August 7, 2022

Market Trends

Binance Coin (BNB) And Ripple (XRP) Are Going To Be Overtaken By Presale Star Degrain (DGRN)

Many investors are currently uninterested in purchasing cryptocurrencies because they have been on a long-term downturn since November. However, not all cryptos are created equal, and some projects have the potential to become very successful. Because of the emergence of several new, promising cryptocurrencies that have a great deal of potential to profit investors from their trades, we think 2023 will be a great year for cryptocurrencies. Degrain, a new crypto has been predicted by top crypto analysts to rise over 8,000% before the end of the year.

Binance Coin (BNB) sees many investors buy into Degrain presale

The largest cryptocurrency exchange, Binance, uses its coin, called Binance Coin (BNB), as its native currency. Bep20 tokens are widely distributed on the Binance (BNB) smart chain. Binance coin (BNB) must be used to pay gas fees for anyone who wants to trade in or mint these tokens. So, it is likely that there will continue to be a significant demand for Binance coin (BNB).

A crypto Bull Run that will likely occur around 2023 would also add millions of new users to the Binance exchange, promoting the Binance coin (BNB) token’s rise. In light of this, we think that if your dollar costs an average of the Binance coin(BNB) until 2025, it might produce multiple-fold returns. Binance coin (BNB) is a good investment for the long term but is unlikely to rise anytime soon. Investors of Binance coin (BNB) have been rushing to buy into the Degrain (DGRN) presale this week.

Ripple (XRP) is so far off all-time highs, that many investors cut losses

Scalable cryptocurrency Ripple (XRP) has a highly complex algorithm. The main benefit of Ripple (XRP) is that it is used by major financial organizations and may be the preferred cryptocurrency for nations wishing to introduce central bank digital currencies. Ripple (XRP) is still undergoing a battle with the SEC and Ripple (XRP) seems to be holding its ground well. If Ripple (XRP) wins in 2023 the price could surge.

The popularity of digital currencies has already dramatically expanded during the most recent crypto bull run. More establishments are anticipated to use cryptocurrency as a payment method by 2025. Most nations are already investigating CBDCs, which would encourage banks to incorporate cryptocurrencies into their offerings. That’s fantastic news for Ripple (XRP), as the network already collaborates with several banks. So, we think Ripple (XRP) will probably provide significant gains by 2025.

Degrain (DGRN) tipped to be the best investment in 2022

Degrain wants to outperform even the most well-known blockchains, like OpenSea, by becoming the first cross-chain NFT marketplace. The Degrain (DGRN) project development aims to compensate its users and stakeholders while offering investors reduced transaction fees, top-of-the-range security, and total decentralization.

The currency is currently in the second phase of the presale for $0.085.. By the end of the year, many top cryptocurrency analysts expect a gain of more than 8,000 percent. The liquidity will be locked for ten years, and the team won’t be able to sell any of its tokens for a whole year. Investors may be confident that their money is well spent on this project. The smart contract which underwent an audit passed, proving a safe purchase for investors. Phase One sold out in less than 2 weeks and with over 85 million tokens sold in Phase two in less than a week, selling out early is looking highly likely. You can join the presale using the links below

Website: https://degrain.io

Presale: https://presale.degrain.io

Telegram: https://t.me/degrainio

Twitter: https://twitter.com/degrainio

The post Binance Coin (BNB) and Ripple (XRP) are going to be overtaken by presale star Degrain (DGRN) appeared first on .

altcoin analysis

TA: BNB Bulls Look Set To Break Key Resistance Of $327

Published

2 weeks ago

August 4, 2022

jamesobande

TA: BNB Bulls Look Set To Break Key Resistance Of $327

Binance coin (BNB) bulls look set to break key resistance with so much buying pressure that could send BNB price higher.

The price of BNB looks really strong after showing some positive signs in the past few days with a lot of bids created by BNB bulls driving the price of the coin despite the market uncertainty.

BNB Daily Chart Analysis

BNB Daily Chart Analysis After Breakout From A Symmetric Triangle | Source: BNBUSDT On Tradingview.com

The daily chart for BNB shows it is trading at $304.5 despite Bitcoin (BTC) trading at key support after falling from a region of $23,100. The price of BNB looks strong despite the market looking bearish which suggest bulls are holding on to the price of BNB.

BNB is trading above the 50 exponential moving average (EMA) but trading below the 200 exponential moving average (EMA). BNB broke above the 50 EMA on the daily chart with good volume and made a clean retest before showing more bullish signs.

The first major resistance for BNB corresponds with the 200 EMA, successful break and hold above this region could send BNB to a region close to $380.

On the daily chart, the price of BNB formed a bullish trend in a symmetric triangle with a successful breakout which confirms bulls could easily push the price of BNB to break its key resistance if market conditions are favorable.

Major resistance on the daily chart – $327.40.

Major support on the daily chart – $270.

BNB Price Analysis On The 4H Chart

BNB Price Chart Analysis on The 4H | Source: BNBUSDT On Tradingview.com

The price of BNB on the 4H chart shows the price is in an uptrend with swing highs towards the resistance at $327.40. BNB needs to break the key resistance for more upside to be possible but if the trend is not sustained BNB could retest supports at $297.25 and $285.

BNB is trading above the 50 & 200 EMA, indicating an uptrend direction for the period until invalidated or fails to break above the resistance level of the $327.40 mark.

If BNB fails to reclaim or break above the resistance of $327.40, it would likely revisit the 4H support region of $297.25.

Resistance on the 4H chart – $327.40.

Support on the 4H chart – $297.25, $285.

BNB 1H Chart Analysis

The price of BNB on the one hourly timeframe looks good.

The price of BNB is above 50 & 200 EMA.

The relative strength Index (RSI) is above 60

The volume shows strong buy bids

Resistance on the 1H chart – $327.40.

Support on the 1H chart – $297.25.

BNB is a strong project with a good use case and would always have bids placed should the price goes lower as the price is backed fundamentally.

On a low and high timeframe, BNB looks really strong and bullish with bulls ready to push the price higher. With a successful break of the key resistance, BNB would have a good rally.

Featured image from Watcher Guru, Charts from TradingView.com

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Mehracki (MKI), BNB (BNB), And Vita Inu (VINU): 3 Coins Expected To Rise In 2023

Mehracki (MKI) is the Newest Member of the Meme Coin Space

Binance Coin (BNB) Is the Fifth Most Popular Coin in the Market

Vita Inu (VINU) Might Offer Great Returns in the Future

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