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BNB (BNB) Price Prediction; The Hideaways (HDWY) Presale Draws Widespread Interest

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BNB (BNB) Price Prediction; The Hideaways (HDWY) Presale Draws Widespread Interest

In anticipation of the subsequent bull run, there is a good chance that investors will wish to hold BNB (BNB) and The Hideaways (HDWY). Why? The BNB price predictions look bullish, but The Hideaways look to-the-moon bullish.

Young investors’ curiosity has been sparked as a result of the spike in the market that made early cryptocurrency investors wealthy. These young investors are hoping to make an investment in the upcoming cryptocurrency unicorn.

 

BNB (BNB): Will The Current Spike In Prices Persist?

Binance, which began operating in July 2017, has since become the largest cryptocurrency exchange in the world in terms of the daily trading volume. Binance’s ultimate goal is to make cryptocurrency trading a primary focus of the global economy.

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One of the main factors in Binance’s success is the fact that it routinely processes trades worth $2 billion. Optimism about BNB’s (BNB) success in the future is warranted.

Cryptocurrency experts anticipate that BNB (BNB) will reach $385 before the end of this year. It is currently trading at $331. Seeing the value of your cryptocurrency investment soar is the most thrilling part of investing in them.

On the other hand, it can be challenging to forecast which cryptocurrency will experience the greatest growth in the next months but there’s no doubt new cryptocurrency projects like The Hideaways (HDWY) will the front-runner in the upcoming bull market.

 

The Hideaways (HDWY) Getting Noticed by Binance Coin (BNB) Holders

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The Hideaways (HDWY) is a revolutionary new cryptocurrency that fractionalizes high-end properties in desirable locations like Tuscany and Bali. Investment in fractionalized NFTs is extremely risk-free because a specific piece of real estate backs each NFT.

Moreover, The Hideaways has the most investors since:

  • It has the most secure smart contract that SolidProof has verified
  • Its liquidity is frozen for the next 999 years and team tokens are locked for 2 years
  • As a further layer of security, the project is backed by a collection of real estate properties overseen by a worldwide group of property specialists

Staking rewards are rewarded in $ETH, $USDC, or $USDT, but the project also generates real-world passive income for a minimum of 20%.

Grab your chance now to buy The Hideaways (HDWY) at a low price, it’s like buying BNB at presale!

Website: https://www.thehideaways.io/

Presale: https://ticket.thehideaways.io/register

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Telegram: https://t.me/thehideawayscrypto

Twitter: https://twitter.com/hdwycrypto

 

The post BNB (BNB) Price Prediction; The Hideaways (HDWY) Presale Draws Widespread Interest appeared first on Analytics Insight.

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Will OpenSea’s listing of BNB Chain NFTs be a game changer for the blockchain? 

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Will OpenSea’s listing of BNB Chain NFTs be a game changer for the blockchain? 

  • BNB Chain NFTs will now be available for listing and sale on OpenSea
  • A significant amount of growth was registered in BNB’s NFT ecosystem over the past few weeks

BNB recently made a huge announcement regarding its NFT ecosystem that created excitement in the community. According to the official tweet, BNB Chain NFTs will now be available for listing and sale on OpenSea.

This new development will help improve the NFT trading experience of more than one million users across the globe.

BNB Chain NFTs will now be available for listing and sale on @opensea.

The move will enhance #NFT trading experience for over 1 million existing users.

The integration with OpenSea’s standard core marketplace will enable #BNBChain support for creators to buy and list NFTs. 🚀 pic.twitter.com/ePmYDHMui7

— BNB Chain (@BNBCHAIN) November 29, 2022

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Soon after this update was revealed, several NFTs, such as HorrorApes and PanecakeSquads, were notified that they were now listed on OpenSea.


Read BNB’s Price Prediction 2023-24


How is BNB’s NFT space doing

Out of no surprise, BNB’s NFT ecosystem witnessed growth over the last 24 hours, thanks to this new listing. As per Cryptoslam’s data, BNB’s NFT sales volume went up by more than 3.5% over the last day.

Interestingly, Santiment’s data revealed that after a decline, BNB’s total NFT trade count and NFT trade volume in USD also spiked on 29 November, which was, indeed, a positive update for the investors.

Source: Santiment

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Besides the growth in the NFT space, a couple of other developments also took place in the BNB ecosystem. For instance, Revo announced that it was all set to integrate with the BNB Chain.

Hey #BNB fam, join us in welcoming the exciting @R3VO_XYZ to BNB Chain! 🎉🚀 https://t.co/XtVaD39ayC

— BNB Chain (@BNBCHAIN) November 29, 2022

The updates were well reflected on BNB’s daily chart as its price increased by nearly 9% over the past seven days.

According to CoinMarketCap, at press time, BNB was trading at $299.02 with a market capitalization of more than $47.8 billion.

Interestingly, BNB’s open interest surged considerably during the past few days. Coinalyze’s data revealed that BNB’s open interest in futures contracts registered an 8% increase. Evidently, the derivative market was not at rest. 

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Curiously enough, a look at BNB’s on-chain metrics raised a few concerns. Though BNB’s MVRV Ratio registered a slight uptick lately, it was still considerably below, compared to the reading of 26 November.

Moreover, BNB’s velocity also declined sharply, which might be a danger sign that investors can consider before finalizing their trade.

Source: Santiment

Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot’s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S – There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

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Binance

Binance Market Share Allegedly Hits 77%; Criticism Grows As Even Jack Dorsey Speaks Out

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Binance Market Share Allegedly Hits 77%; Criticism Grows As Even Jack Dorsey Speaks Out

It is no secret that Binance benefits from FTX’s insolvency. After the second largest exchange in the world went belly up, other exchanges had to divide FTX’s market share among themselves.

And that Binance is one of the biggest winners now seems to be confirmed by recent data. The Block claims that Binance now has a 75% market share on the spot market, 8.5 times more than the second Coinbase.

🚨Binance now represents 75% of all exchange volume, and almost 8.5x that of the second (Coinbase)

Good or bad for the ecosystem? pic.twitter.com/ykPisGn3W2

— Mario Nawfal (@MarioNawfal) November 30, 2022

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Other Data Providers Do Not Agree

The chart is based on CryptoCompare data and shows that total volume for the month was $642.7 billion. Binance’s share of the yet-to-be-completed month of November reportedly equates to $481.7 billion.

However, there are discrepancies with other data providers. Their data doesn’t find a massive dominance by Binance.

Coinmarketcap, which was acquired by Binance in April 2020, shows that the exchange currently has $12.5 billion in daily trading volume. It is followed by Coinbase Exchange with $1.5 billion dollars, Kraken with $626 million and KuCoin with $495 million.

With a total volume of $44.985 billion over the past 24 hours, this only calculates to a much healthier 27.8% market share for Binance.

CoinGecko, on the other hand, tracks 544 crypto exchanges with a total 24-hour trading volume of $59.5 billion. Binance’s market share is actually only 21.7% based on this figure. However, both data providers only provide daily volumes and thus not a complete picture.

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Binance Is In The Crosshair Due To Other Reasons

Regardless of the discussion about Binance’s market supremacy, the exchange is in the crosshair of critics due to other reasons. One of the harshest critics is Bitcoin analyst Dylan LeClair.

As he notes, BNB has made 9x in two months during the bull run with barely a retrace, 10x versus BTC since 2021. “Must be a new paradigm,” LeClair wrote and shared the following chart.

Source. Twitter

The analyst drew comparisons to FTX and commented ironically; “I’m sure it was retail that sent BNB 10x in two months. Same with FTT, right?”, and shared a chart of FTT and BNB with a similar price trend.

“It definitely wasn’t the exchange operator with an incentive to drive up the price of their own token to create a feedback loop of attention, hype, and more users…. Definitely not,” LeClair further commented.

He argues that the outperformance against “everything” is significant, and one should wonder what the reason is.

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Who is supporting this market (we know), and do they have infinite money? […] Think of some alts that outperformed this bull run? SOL (Alameda leverage and fraud), AVAX (3AC), LUNA (perpetual motion machine), etc.

To support his conjecture, LeClair also looked at the volume side profile for BNB/BTC spot market and BNB/USDT perpetual swaps (leverage) on Binance. He found a striking disparity.

Source Twitter

While Binance CEO Changpeng Zhao (CZ) said the exchange never uses leverage, users are encouraged to do so by means of various offers on Binance, according to the claim.

Also, CZ reiterated after the FTX collapse that Binance has never used its BNB token as collateral and has never taken on debt. LeClair only commented, “CZ my man, I really hope you’re telling the truth.”

Jack Dorsey And Others Also Express Criticism

Remarkably, Twitter co-founder and former CEO Jack Dorsey took a stand on the matter, commenting: “All made up.” Dorsey is known as a Bitcoin proponent, but his statement is vague.

His only other comment on the subject was a response to “Bitcoin, not shitcoin” with “yes,” leaving the community in the dark as to whether he supports LeClair’s theses.

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All made up

— jack (@jack) November 29, 2022

Renowned on-chain analyst Willy Woo also expressed cautious criticism of Binance, specifically on its Secure Asset Fund for Users (SAFU):

SAFU is misleading marketing. It was boosted to “$1 billion,” but if you look at it closely and factor out the correlated impact of BNB and to a lesser extent BTC, the fund is really only good for 0.5% of the $68 billion in assets on Binance. This is not hate, it is informing the public.

At press time, BNB was down 0.9%, while BTC experienced a small surge and posted a daily gain of 2.5%.

BNB trading at $300.70, 4-hour-chart. Source. TradingView

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Binance

BNB Leads Gains Among Top Cryptos: Will Binance Coin Continue To Roar?

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BNB Leads Gains Among Top Cryptos: Will Binance Coin Continue To Roar?

BNB is currently trading at $300.082 with a 24-hour trading volume of $1,059,515,334. Despite the general market slump, the coin has been one of the top performers. It currently ranks at the number four position on CoinMarketCap

The coin has a 24-hour low of 289.76 and a 24-hour high of $304.82. The price change in 24 hours is increase of 2.36%. However, this price change does not truly convey the strength of the token in the market.

BNB’s trading volume increased by 3.51% in the last 24 hours. There is growing optimism among investors on the short; and long-term value of the coin. Its market dominance is currently at 5.755. 

Recent highs and lows; and open and close indicate that the token is likely going on the bullish run. Binance’s coin traded at $307.16 (low) and $316.22(high). This slight change is viewed by many as a false bearish breakout.

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The market sentiment for BNB is optimistic, and fear levels have dropped.

What Is Pushing The BNB Rally?

BNB’s current rally; is supported by a combination of different economic factors. At a macroeconomic level, the Feds, in the meeting held on November 1-2, 2022 – decided on the rates. 

They concluded that the interest rates hike would eventually be relaxed in the recently released minutes of the event.

Also, in the wake of disastrous events like the collapse of Celsius and FTX, Binance’s commitment to transparency is paying off. According to a Reuters report: Changpeng Zhao, CEO of Binance, stated that rather than fighting crypto: it should be regulated.

After the losses suffered by FTX investors, Binance offered users assurances of their reliability. Some experts also attribute this to a growing belief that the crypto winter has reached its endpoint.

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BNB’s price is currently trading at $291. | Source: BNBUSD price chart from TradingView.com

The Bulls Gain Control Of BNB

BNB price is presently showing bullish sentiments as crypto investors prepare for a potential revival. The price has been on a recovery path this week, with bullish pressure pushing for up to 14% gains. The 50-day SMA is now above the 200-day SMA.

The bulls will likely target the $320 resistance before the bear might act on the price significantly. Generally, the cryptocurrency market is slowly coming back to life. Market interest is also high for BNB, meaning demand is higher than supply, and prices will increase. 

The MACD is currently showing signs of attempting a bullish divergence. Both the MACD and its signal line are pointing upwards. BNB will have to stay above $300 for the next few days to avoid a possible price correction.

BNB is most likely to continue its bullish run since it has wide adoption by users. Also, there is a possibility that the whales or individual traders will likely stockpile the coin. Experts predict the price of BNB to keep increasing before the end of the year.

The key levels to watch are 304.78, 308.78,313.85 for resistance and 286.64, 290.64, and 295.71 as pivot support points. BNB will likely continue its bullish run in the short term and beyond – depending on its interaction with other market forces.

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Featured image from Pixabay and chart from TradingView.com

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