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Crypto sages Aaron and Austin Arnold, renowned from Altcoin Daily, were bullish in the alt seasons unfolding. Their visionary eyes fixate on Cardano and a league of coins as the harbingers of this prosperous epoch. Simultaneously, former Goldman Sachs CEO, Raoul Pal, prophesied the imminent arrival of the alt season, with Ethereum poised to conquer new all-time highs. Yet, it turns out that XRP holds the elusive key to this magnificent spectacle.

The coins triumphant legal triumph over the U.S. Securities and Exchange Commission (SEC) has ignited the fiery altcoin season, causing a resplendent surge across the entire altcoin realm. BNB, Avalanche, and Scorpion Casino Token are among the altcoins that have experienced price increases during this period. Embark on a digital adventure to witness the impressive play of dominance within the BNB, Avalanche, and Scorpion Casino Token realms.

Back in July, Federal Judge Analisa Torres declared XRP not guilty of being a security. The jubilant crypto-sphere erupted, catapulting altcoin prices to greener pastures. The XRP Army flooded social media with enthusiasm. The coin surged, edging closer to its all-time high, and proudly claimed the position of the 4th largest cryptocurrency by market capitalization.

The coins rise to the 4th spot displaced BNB to 5th. Nevertheless, the crypto-sphere swiftly rallied behind BNB, AVAX, and SCORP, as they rode the alt season with finesse. Inarguably, the crypto-sphere brims with bullish optimism, heralding an exhilarating altcoin daily rally for altcoins.

Scorpion Casino Token (SCORP) is a dazzling contender among altcoins and a friend to both gaming and betting communities. This cryptocurrency, with its ethereal SCORPION ecosystem, seeks to metamorphose the online gambling realm into an enchanting wonderland of licensed transparency and provable fairness.

SCORP powers its very own play-to-earn (P2E) arena and a casino platform that beckons in-game treasures, abundant sports betting reveries, and an exquisite cornucopia of casino delights. By clutching the coveted SCORP tokens, you unlock a trove of indulgent experiences. Imbibe the sheer ecstasy of SCORP as the preeminent conduit of monetary exchange, passive income through staking, weekly bonuses, and more.

The up-and-coming crypto-friendly SCORP traverses the BEP-20 (Binance Smart Chain) firmament. When its prepared for launch, the exchange listing price shall ascend to $0.05. Additionally, SCORP tokens are split eightways. The sacred proportions embrace the presale (40%), staking rewards (20%), liquidity pool (20%), presale bonuses (8%), marketing endeavors (5%), the valiant team and advisors (5%), airdrops (1%), and referrals (1%). With unwavering devotion, the SCORPION ecosystem safeguards its cherished token holders via comprehensive security audits, in partnership with SOLIDProof.

In the altcoin neighborhood, two titans have emerged victorious: Binance Coin (BNB) and Avalanche.

BNB, the swaggering native token of Binances lair, has seduced investors with its utility and perks. Looking ahead, BNB continues to solidify its position with impressive developments. The ZhangHeng upgrade for the BNB Chain aims to enhance security features, instilling confidence among users. This hard fork represents a permanent transformation that requires the majority of validators to update their nodes. BNBs resilience and continuous improvements showcase its potential as a dominant altcoin.

Meanwhile, Avalanche is rewriting the DeFi history books, unveiling new chapters of success. Behold the grand integration of Uniswap, the enigmatic Automated Market Maker, into the Avalanche C-Chain. This triumph illuminates Avalanches magnetic charisma, attracting major players and solidifying its throne as the king of decentralized finance.

In this awe-inspiring landscape, Scorpion Casino Token emerges, a spirited contender in its early stages. While BNB and Avalanche have already etched their names in the altcoin daily all of Fame, SCORP struts onto the scene, ready to revolutionize the online gambling empire. With its licensed, transparent, and provably fair platform, SCORP tantalizes investors with irresistible incentives and an exhilarating gambling experience.

As SCORP gains momentum, it dances toward altcoin stardom, following the illustrious footsteps of BNB and Avalanche. Keep your eyes peeled, fellow investors, for SCORP is a rising star in the altcoin galaxy!

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

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Altcoin Daily and Raoul Pal Anticipate Alt Season: BNB, AVAX, and ... - Tekedia

San Francisco, CA, United States, 24th Jul 2023 All systems are go for the launch of $MPIRE, the innovative meme coin centered around the love of Star Wars and cryptocurrency. Combining a unique community-centric approach, a renounced token contract, and a staggering token supply of 444 trillion, with 50% already burned, $MPIRE is reshaping the crypto journey in a way that is as exciting as a warp-speed ride through the galaxy.

$MPIRE is dedicated to fostering an atmosphere of transparency, trust, and enthusiasm. The $MPIRE team has renounced ownership of the token contract, effectively handing over control to the community and creating an environment where everyone has a voice. Further enhancing this, there are no buy and sell taxes a move as audacious as a Rebel Alliance mission.

$MPIRE Tokenomics:

The entire token allocation is dedicated to providing liquidity, thereby ensuring stability and accessibility for trading on various platforms. With the contract renounced, the reins of leadership have been passed to the most passionate community of meme aficionados and crypto traders in the galaxy.

The crux of $MPIRE lies in the vibrancy of its community. The project has captivating social media campaigns, interactive virtual events, and an enticing promise of an upcoming NFT Line and reward system that keep community members actively engaged and connected.

Recently, $MPIRE has witnessed a surge in its community, with token holders now exceeding 130 and the count still rising. This growth is a testament to the successful Ask Me Anything (AMA) sessions that $MPIRE organizes. These AMAs serve as an open platform for community members to engage directly with the team, ask probing questions, and gain insights into the projects exciting roadmap and future plans.

As $MPIRE continues to host its informative and interactive AMAs and gears up for the reveal of its NFT Line and reward system, the project looks forward to welcoming more enthusiasts on its intergalactic journey towards a meme-dominated financial future.

Embark on the $MPIRE journey today. Remember, in this community, the memes are strong.

For more info, visit the $MPIRE space station at: linktr.ee/memepirecoin

About MPIRE:

MPIRE is a meme coin launched on the Binance Smart Chain. It is a community-driven movement with no formal team. The project aims to revolutionize the cryptocurrency space by embracing the power of the community and providing equal opportunities for all participants.

Organization: MPIRE

Contact Person: Mitch

Website: https://memepire.io/

Email: [emailprotected]

City: San Francisco

State: CA

Country: United States

Release Id: 2407234983

The post The Galactic Meme Coin Making Waves in the Binance Smart Chain appeared first on King Newswire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [emailprotected]

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The Galactic Meme Coin Making Waves in the Binance Smart Chain - Digital Journal

Three notable projects, PancakeSwap, Venus Protocol, and Coinwind, have emerged as key players in the DeFi landscape. Each project addresses unique aspects of the DeFi ecosystem. It offers distinct types of use and driving significant attention in the blockchain community.

In this article, we will explore the fundamentals of these binance coins, their latest developments, and their potential impact on the future of DeFi.

PancakeSwap is a decentralized exchange (DEX) and an automated market maker (AMM) built on the BNB Chain. As an AMM, PancakeSwap enables users to trade cryptocurrencies without the need for a traditional order book. Instead, liquidity is provided by liquidity providers who lock their tokens into smart contracts, earning trading fees as a reward.

PancakeSwaps innovative feature is its low transaction fees and rapid transaction confirmation times, thanks to the Binance Smart Chains high throughput capabilities. Users can also stake their tokens in liquidity pools to earn additional rewards in the form of CAKE, the native token of PancakeSwap. The project has rapidly gained popularity due to its ease of use, attractive user interface, and lucrative rewards for liquidity providers.

As of the latest update, PancakeSwap has continued to expand its ecosystem by integrating with various other DeFi projects, offering new trading pairs, and exploring Layer 2 solutions to further reduce fees and increase scalability.

PancakeSwaps strong presence in the Binance Smart Chain ecosystem and its user-friendly interface position it for sustained growth. However, it faces competition from other DeFi platforms and must continue to innovate to maintain its leadership in the space.

At the time of writing this article, Pancakeswap has $3.3 billion in TVL. Its the biggest app in the Binance Chain.

Venus Protocol is a decentralized lending and borrowing platform operating on the Binance Smart Chain. The project focuses on providing users with the opportunity to collateralize their cryptocurrencies and borrow against them, facilitating leveraged trading and earning interest on their deposits.

One of the key aspects of Venus Protocol is its algorithmic stablecoin VAI, which is minted by users who deposit their BNB coins or other supported cryptocurrencies as collateral. VAI maintains its peg to the US Dollar through the use of over-collateralization and the Venus governance token (XVS).

Venus Protocol has been continuously expanding its list of supported assets and collateral types, thereby increasing the opportunities for users to participate in the lending and borrowing ecosystem. Moreover, the projects governance system has seen active community involvement, further decentralizing its decision-making processes.

As the Binance Smart Chain ecosystem continues to grow, Venus Protocol stands to benefit from increased user adoption, particularly among traders and liquidity providers seeking higher yields through lending and borrowing activities. However, as with all lending protocols, risk management and security will remain critical factors for long-term sustainability.

At the time of writing this article, Venus Protocol has $699 million in TVL. Its the second biggest app in the Binance Chain.

Coinwind is a relatively new player in the DeFi space, designed to address sustainability and community-driven development. The project focuses on creating a decentralized ecosystem that offers a range of DeFi products while prioritizing environmental and social impact.

One of Coinwinds unique features is its yield-generating mechanism, which allocates a portion of transaction fees to funding environmental and social projects. This innovative approach aims to combine financial growth with a positive global impact, appealing to investors with ethical considerations.

Coinwind has recently launched its governance token, empowering users to actively participate in decision-making and shaping the future direction of the project. The team has also announced partnerships with prominent environmental organizations, signaling their commitment to impactful initiatives.

So, Coinwinds novel approach of integrating sustainable practices and yield generation has the potential to attract a growing community of environmentally-conscious investors. However, its success will depend on the execution of its long-term vision and the adoption of its platform by the wider DeFi community.

At the time of writing this article, Coinwind has $211.2 million in TVL. Its the third biggest app in the Binance Chain.

PancakeSwap, Venus Protocol, and Coinwind exemplify the diverse and dynamic nature of the DeFi space. Each project brings unique contributions to the ecosystem, catering to different user needs and preferences. While PancakeSwap stands as a prominent DEX and AMM platform, Venus Protocol focuses on lending and borrowing activities on the Binance Smart Chain. Coinwind, on the other hand, seeks to strike a balance between financial gains and sustainable impact.

As these projects continue to evolve, their latest developments and potential will shape the future of decentralized finance. While PancakeSwap enjoys an established position within the Binance Smart Chain ecosystem, Venus Protocol and Coinwind aim to carve out their niches by emphasizing their specific use cases and innovative features. It remains to be seen how the DeFi landscape will unfold, but one thing is certain these projects are emblematic of the groundbreaking advancements underway in the world of decentralized finance.

For more cryptocurrency news, check out theAltcoin BuzzYouTube channel.

Check out our most up-to-date research, NFT and Metaverse buy, and how to protect your portfolio in this market by checking out ourAltcoin Buzz Accessgroup, which for a limited time, is FREE. Try it today.

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Top 3 Binance Coins in Q3-2023. - Altcoin Buzz

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When I last covered Binance (BNB-USD) for Seeking Alpha in early April, it was fresh off a lawsuit against company Binance and Binance CEO Changpeng "CZ" Zhao from the Commodity Futures Trading Commission. Since that article, BNB has traded down over 20% and now finds year to date performance to be significantly lagging the other top smart contract chains in the cryptocurrency market. BNB is one of the few coins among the top in the industry that is actually down year to date:

Ethereum (ETH-USD) is up over 50% year to date. Avalanche (AVAX-USD) is up about 20%. And despite the allegation from the Securities and Exchange Commission that it's an unregistered security, Cardano (ADA-USD) is up 25% year to date and well off the post-SEC news low. BNB hasn't been able to get off the mat to the same degree. As it has been roughly a quarter since my initial BNB coverage, in this article we'll go over the latest developments with Binance the company and look at some of the key network metrics pertaining to the Binance blockchain.

Following the CFTC's March lawsuit against Binance, the organization had until July 27th to respond. We now know Binance is looking for a dismissal of the lawsuit entirely after filing intent to dismiss with an Illinois district court on July 24th. In the document, Binance is asking for permission to exceed the permitted page limit for a brief due to the number of arguments made and the complexity of the CFTC's complaint.

In addition to the CFTC lawsuit earlier this year, Binance was also sued by the SEC in June for, among other things, alleged comingling of customer assets. Elsewhere, the company is also under investigation by both the Department of Justice and the Internal Revenue Service for alleged money laundering. Beyond the clear problems facing Binance on the legal front, the company has also laid off employees, exited markets, and seen key executives depart in recent weeks. According to the Wall Street Journal, Binance recently laid off roughly 1,000 employees across various departments.

Over 1,000 people have been fired in recent weeks, according to a person familiar with the moves. The exercise, which is continuing, could result in Binance losing more than a third of its staff, the person said.

It apparently isn't just involuntary departures that have led to a headcount reduction at Binance. The company has also seen several key executives resign in recent weeks. According to Fortune, those former executives include general counsel Hon Ng, chief strategy officer Patrick Hillmann, SVP for compliance Steven Christie, and former IRS agent Matthew Price who oversaw investigations and intelligence. Hillmann verified his departure on social media but indicated he was doing so on good terms. However, Fortune's article seems to place blame for the executive exodus on CZ:

According to a person at Binance familiar with the situation, the executives chose to depart over Zhaos response to an ongoing investigation by the Department of Justice. Several outlets have reported that the investigation, underway for more than a year, relates to Binances alleged attempts to bamboozle U.S. regulators as well as alleged money laundering and sanctions violations on the companys platform.

Given the amount of bad news surrounding Binance the company, it may not be surprising to see Binance the coin struggling against the native assets of notable smart contract peers in recent weeks.

As far as the Binance blockchain is concerned, some of the key network metrics are actually holding up okay despite the problems facing Binance the company. Daily active users of the blockchain have held firm near 1.3 million over the last three months. After dipping well off highs during the November 2021 cycle top, daily transactions on Binance Smart Chain appear to have somewhat stabilized in the 3 to 4 million range.

Binance Daily Transactions (BSCScan)

However, despite this apparent stabilization in daily transactions, the fees earned by validating those transactions have declined in recent months from $20.5 million in March to just $13.3 million in June according to data from Token Terminal.

Monthly Fees vs PF Ratio (Token Terminal)

As July approaches a close, fees are still under $10 million for the month. What's important to mention is July 2023 fees are still well ahead of the $5.4 million in fees during July 2022. But even with the decline in the price of the BNB token, the reduction in network fees over the last several months has pushed the fully diluted price to fees ratio up to nearly 330x. This could be considered an indication that BNB is still overvalued even after the recent decline in the token's price.

BNB TVL (DefiLlama)

From a DeFi standpoint, Binance remains one of the largest smart contract chains as evidenced by its $3.3 billion in TVL. That said, the broad trend in TVL is still down even when adjusting for the declines in native coin price. Measured in BNB, TVL on Binance has dropped from a high of over 39 million coins two years ago to under 14 million today. And the trend in stables on-chain hasn't been positive either. There we observe a reduction from $12.9 billion last summer to $5.3 billion currently.

Shifting back to Binance the company for a moment, the exchange data shows asset balances are roughly in line with where they were when I last covered the BNB token in April. According to Nansen, Binance controls a little over $63 billion over several different blockchains:

Binance Exchange Holdings (Nansen)

In the last three months, Binance's token weighting to BNB has declined from 5.3% to 4.4%. We've also seen Bitcoin (BTC-USD) holdings increase from 23.6% of assets to over 27%. Another interesting move has been in the balance of stablecoins on the exchange:

Binance Stablecoin Flow (Dune Analytics/xihablock)

According to data from Dune Analytics, July is on pace to be the first month since November where stablecoin net flow hasn't been negative. Of course, the month isn't over yet and this could change between now and August 1st. But the larger point is there appears to be a slowing in stablecoin outflow in recent months.

As I mentioned in early April, there are a lot of questions around how exposed to BNB Binance truly is. I think it's interesting seeing Binance now moving to get the CFTC lawsuit dismissed after there was a reasonable market expectation of a settlement just a few months ago. Despite the recent Ripple ruling and the optimism that has resulted from it in the United States, the battle with US regulatory bodies for Binance is likely far from over. Unlike exchange competitors like Coinbase (COIN), Binance has historically been very active in the IEO market and that is something that could put further pressure on Binance domestically.

Recognizing that crypto is a global phenomenon, even with potential problems in the US based company, Binance can certainly survive outside of the United States if ultimately forced to leave the market entirely. But it's difficult for me to see how that would be a long term benefit to the company or the Binance blockchain specifically. I think the recent departures of so many executives is generally a bad sign. And I'd be very cautious about buying the dip in BNB. There's a lot of heat on this brand right now. There may come a time when longing BNB makes sense. But I personally don't think we're there yet.

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Binance: Fight The Urge To Buy The Dip (BNB-USD) - Seeking Alpha

This article explores the reasons why Ethereum is poised to continue its growth in the cryptocurrency market, highlighting its ability to adapt, innovate, and foster a robust ecosystem that positions it favorably for future growth and market relevance.

When exploring the crypto market or considering a return to it, it is crucial to focus on blockchain-based crypto projects that have proven staying power, merit, and resilience through market crashes. Look for projects with active development and a thriving ecosystem, where both builders and users actively participate. Regardless of technological advancements, if a project lacks real-world adoption, it loses significance.

Recent weeks have seen numerous tokens, coins, and projects decline sharply, and many may struggle to reach their previous all-time highs when the market recovers. As the bull market resumes, funds will flow to established projects with merit, while newer projects will compete for capital.

With less than a year remaining before the next halving cycle, we have experienced a prolonged downturn since 2022. While it is possible to hover and consolidate during a downward phase, the bull market eventually emerges, acting as a catalyst for various developments. There is a strong likelihood that those who previously doubted Bitcoin and cryptocurrencies in general will return, contributing to increased investment and adoption.

Although there are several smart contract blockchains that can rival Ethereums capabilities, as it retains its position as the second-largest cryptocurrency by market capitalization. Despite experiencing significant price drops and facing fear, uncertainty, and doubt during its transition from proof of work to proof of stake, Ethereum has endured. Numerous so-called Ethereum killers have emerged, but Ethereums large developer community and extensive ecosystem, comprising real-life projects and users, have sustained its prominence. A good project or blockchain may experience corrections, but ultimately, if it possesses merit, it will bounce back.

Among the numerous smart contract blockchains available, Ethereum stands out as the pioneer, largest, and most widely adopted platform. While other alternatives like Polkadot (DOT), Cardano (ADA), Solana (SOL), and Avalanche (AVAX) exist, Ethereum remains the dominant force in the field, with a significant user base and extensive usage.

Smart contacts, one of Ethereums defining features, are self-executing contracts that automatically execute predefined conditions when met. This functionality has revolutionized the development of decentralized applications (dApps) and enabled a wide range of use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), supply chain management, and more, opening up exciting possibilities across various industries.

A common argument against Ethereums transition from proof of work to proof of stake is that it compromises decentralization and security. However, Ethereum has a substantial number of stakers who actively participate in securing and decentralizing the network. These stakers are incentivized to protect their stake within the ecosystem; and by staking their holdings, they demonstrate their belief in the blockchain and the ecosystem. While Ethereum operates on a network of computers, it is resistant to censorship and control, but it is important to note that it is not as decentralized or as secure as Bitcoin.

Bitcoin remains the most secure network in the cryptocurrency space. Ethereum, on the other hand, holds a significant stake in the network, giving those with more stake a greater say. While Ethereum may not match Bitcoins level of decentralization and security, its main value proposition lies in its utility rather than being seen as digital gold. Ethereums merit primarily stems from its extensive use cases.

Ethereum has established itself as the industry standard in the blockchain space, facilitating interoperability among various applications and platforms. The Ethereum Virtual Machine (EVM) empowers developers to create and deploy their own smart contracts and applications on the Ethereum network, encouraging innovation and collaboration, fostering a thriving ecosystem. Moreover, the EVMs compatibility allows for cross-chain capabilities.

For instance, wallets like Metamask support the EVM, enabling users to seamlessly interact with Ethereum, Avalanche, Binance Smart Chain, and more. This connection to the EVM and Ethereum provides developers with extensive opportunities for cross-chain development.

The Ethereum community plays a vital role in the continuous development and improvement of the network through Ethereum Improvement Proposals (EIPs). Community members suggest enhancements, upgrades, and new features to the Ethereum protocol, ensuring the adaptability and evolution of the blockchain over time. By addressing scalability issues, improving transaction speed, and introducing new functionalities, Ethereum has demonstrated its commitment to growth.

Ethereum boasts a vibrant and active developer community that plays a crucial role in driving its growth and fostering innovation. The community is constantly engaged in building and improving the Ethereum ecosystem by creating new tools and protocols. Through collaboration, knowledge sharing, and the development of best practices, this community has made Ethereum a dynamic and ever-evolving blockchain platform.

Despite the challenges Ethereum has faced, it has not only survived but also maintained its dominance as a smart contract blockchain. Its journey has seen it adapt to market demands and emerge stronger.

While the timing of the next bull market remains uncertain, it is essential to utilize this period of fear and uncertainty to learn, study, and build a solid foundation. When the bull market inevitably arrives, money will flow into projects with significant merit, and both Bitcoin and Ethereum are poised to benefit from this influx.

As the crypto market evolves, Ethereum remains a prominent player, ready to embrace the next wave of innovation and capitalize on future opportunities.

Rickie Sanchez is an article writer specializing in cryptocurrency news. Since late 2017, he has been actively investing in cryptocurrencies. He is enthusiastic about everything that has to do with crypto and he hopes that the readers of his articles in the years to come will gain a massive understanding of blockchain technology.

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The 5 Forces Propelling The Continued Growth Of Ethereum - Blockzeit