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Home Journal While Bitcoin Battles Inside Price Channel, Traders Are Buying This Bitcoin-Themed Coin That Raised $1 Million in 3 Days

The price of Bitcoin continues to struggle around the $25,500 mark as it battles to hold a rising price channel established during September.

The number-one-ranked cryptocurrency plummeted during mid-August as traders currently attempt to defend the support to prevent further declines.

Meanwhile, traders are turning their attention to a Bitcoin-themed coin that raised over $1 million in just three days.

Bitcoin BSC ($BTCBSC) is turning heads as traders rush to get positioned due to its groundbreaking staking mechanism, set to cause a supply shock on the open market.

The price of Bitcoin is now down by a steep 20% from the 2023 highs set in mid-July.

The cryptocurrency plummeted beneath a descending price channel in mid-August, causing it to drop into the May 2022 lows of around $25,420.

Since then, the cryptocurrency has established a short-term rising price channel as traders defend the lower boundary over the weekend.

The following chart is a long-term outlook of Bitcoin since April;

The rising price channel is better viewed on the following four hour chart;

As you can see, $BTC has formed a rising price channel, with the bulls currently defending the lower boundary.

The series of higher lowers and higher highs since the start of September is promising. However, a break beneath this price channel could see a further plummet in $BTC prices.

Looking ahead, if the sellers break beneath the channels lower boundary, the first support lies at $24,415 provided by the May 2022 lows.

This is followed by support at $25,000, $24,750 (June 2023 lows), $24,500, and $24,235 (December 2020 resistance).

If the bears continue to drag Bitcoin further beneath $24,000, additional support lies at $23,500, $23,000, and $22,650 (December 2020 support).

As Bitcoin continues to move in uncertainty, traders are starting to flock to a newly emerging Bitcoin-themed alternative that they believe can provide significant returns.

Traders are rushing to the Bitcoin BSC ($BTCBSC) presale as they believe its unique staking mechanism will cause a supply shock on the open market, causing a sudden price surge once the token launches.

The project has already crossed the $1 million fundraising milestone in just three days, showing the building hype behind this project.

Bitcoin BSC ($BTCBSC) is following the success of a recent string of Bitcoin derivatives, such as BTC 2.0 and BTC20 which provided a 5x return for early adopters at its peak.

Bitcoin BSC is an upgraded version of Bitcoin, built on the Binance Smart Chain, that integrates a verified staking contract that releases $BTCBSC tokens in line with the original Bitcoin block rewards schedule.

Those staking $BTCBSC earn a percentage of the rewards through the environmentally friendly Proof-of-Stake consensus algorithm.

The more $BTCBSC staked in the contract, the higher the percentage of earnings from the staking pool.

Experts believe that the staking concept will help alleviate the markets selling pressure once the token is launched, creating a long-term passive income utility token.

The stake-to-earn feature is designed to incentivize long-term participation from the community, and it reinforces their commitment to the project through rewards.

In addition, PoS is less energy-intensive when compared with Bitcoin mining and doesnt require expensive mining machinery.

Furthermore, investors in the presale can already start staking, allowing them to earn up to 500% APY in rewards;

The best part about the staking is that all rewards are compounded, meaning they increase further the longer theyre left in the pool.

The staking contract has been fully verified and audited by Coinsult, one of the top security firms in the industry. Therefore, investors can be confident that the staking mechanism is fully secure.

Being built on the Binance Smart Chain, Bitcoin BSC can introduce new concepts to the Bitcoin theme while having the same security and technology as Ethereum.

Transactions on the Binance Smart Chain are much faster than Ethereum, and theyre also much cheaper.

As the blockchain is based on the Ethereum codebase, the Bitcoin BSC token will be accessible through regular DeFi wallets like MetaMask and Trust Wallet making it a highly accessible token.

Furthermore, Bitcoin BSC can build an ecosystem of dApps to build on its network, expanding the use case of the $BTCBSC token into fields like decentralized lending and yield farming.

Experts predict at least a 20x return from $BTCBSC when the token is launched on decentralized exchanges.

They reason that the majority of tokens will be locked in staking, causing a supply shock on the open market.

Being Bitcoin-themed, the total supply for Bitcoin BSC will be 21 million $BTCBSC.

The project is rewinding the clock to April 2011, when there were 6.125 million $BTC in circulation, priced under a dollar.

Therefore, the Bitcoin BSC presale is selling 6.125 $BTCBSC at $0.99 providing the opportunity for investors to get positioned in the upgraded Bitcoin at the lowest prices.

Once the hard cap is reached, 14.875 million $BTCBSC will be sent to the secure and immutable staking contract, letting users stake their $BTCBSC to earn rewards for the next 120 years.

In addition, any unsold $BTCBSC will also be sent straight to the staking contract.

As a result, most of the $BTCBSC token supply will already be locked in the staking contract, unable to be bought by newcomers on the open market.

Furthermore, experts believe most presale investors will be staking their tokens to take advantage of the impressive APY returns, further exacerbating the supply shock for newcomers.

With most tokens locked in the staking contract, newcomers will be forced to pay significantly higher prices once the token has launched providing upward 20x returns for early adopters.

Therefore, investors earn simultaneously from the $BTCBSC rewards and the increasing value of the $BTCBSC token.

Overall, Bitcoin BSC is setting the stage for an explosive launch following its presale.

Investors can check out the Bitcoin BSC whitepaper for more information or follow the projects Twitter and Telegram accounts for the latest updates.

Investors are encouraged to act quickly, as the presale is expected to last only a short time at this rate. It provides the only opportunity to get positioned beneath $1 or face the pain of paying higher prices once the token launches and starts to trend on DexTools.

Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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While Bitcoin Battles Inside Price Channel, Traders Are Buying This ... - Captain Altcoin

In response to the devastation caused by the recent earthquake in Morocco, the Binance Charity will airdrop up to $3 million in BNB to Binance users identified as living in the areas affected by the tragedy.This is according to a statement by Binance made today.

Identification of the users will be based on Proof of Address (POA) completed before September 9 in Marrakesh-Safi Province. This area suffered the most significant impact. Users who have completed POA before this date in the Marrakesh-Safi Province area will each receive $100 in BNB directly in their Binance account.

We recognize that many users in the affected area may not have yet completed POA, The statement adds.

For any existing user who completes POA after 9 September 2023 and before 30 September 2023, we will donate $25 in BNB directly to your Binance account.

Also, Binance will airdrop $10 in BNB to active transacting users across Morocco who are not in the affected area.The Binance team expects that efforts will reach around 70,000 Binance users living in Morocco.

Also Read: Binance Shakeup: Shocking Exodus of Top 10 Executives Revealed in 2023

The funds will reach users starting September 12th, 2023.

Binance Charity has also launched a public donation address for anyone to donate to those affected by the Morocco earthquake. For everything we receive at this address, we will donate the total crypto amount to an authorized NGO (to be named soon) to help people in need, the charity says.

Also Read: Binance Coin Hovers Above $200: BNB Smart Chain Users Rise 40%

Binance founder and CEO CZ says: The impact of the earthquake on the Moroccan people is devastating. We hope we can bring some support to those affected. For Moroccan users who receive these donations but are unimpacted by the earthquake, we ask them to pass the funds on to those most in need.

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Binance Airdrop $3 million BNB to Morocco Earthquake Victims - Watcher Guru

Home Journal ETH Price Prediction: Uncertain Short-Term Outlook, But These Altcoins Provide Relief To Investors

Ethereums price is currently languishing, leaving investors to wonder if there will be uncertainty in the near future. The token has shown some resilience and positivity, but its not clear where exactly the price will go in the next few weeks.

In the meantime, there are some other tokens that look much more fruitful for investors, namely Wall St Memes (WSM), Bitcoin BSC (BTCBSC), and yPredict (YPRED). Each holds significance for distinct reasons, which we explain here.

Towards the end of August, Ethereum experienced a brief surge in positivity, but this sentiment quickly reversed. The price promptly returned to its familiar territory of $1,600.

A more significant decline may be on hte horizon as buyers have not sparked a substantial recovery. Should the coins price fall below the support trendline and close a daily candle beneath it, it could indicate a continuation of bearish trends, potentially driving Ethers value down to the $1,500 mark. The long-term support trendline positioned above this level presents a significant buying opportunity for traders.

The convergence of the 100- and 200-day EMA slopes towards a bearish crossover could heighten the markets supply pressure, while the daily RSI slope needs to surpass the 40% threshold to gather enough bullish momentum for a reversal.

The Wall Street Memes (WSM) project combines elements from the financial sphere, meme-inspired humor, and online culture. Wall Street Memes primarily revolves around meme coins, not only promoting cryptocurrency investments but also playfully questioning the established norms of traditional finance.

At the heart of this phenomenon lies the WSM token, introduced by the Wall Street Memes community. This token allows users to engage in light-hearted and entertaining speculative activities reminiscent of those seen on Wall Street. By becoming part of the Wall Street Memes community and acquiring WSM tokens, individuals can show their support for the cause and potentially gain access to memes infused with cryptocurrency.

It stands as a remarkable testament to the internets power to challenge unbridled capitalism; Wall Street Memes stem from the very movement that sparked their creation. Decades ago, Gordon Gekko famously declared, Greed is good, as he amassed wealth through stocks lacking intrinsic value. Now, thanks to various meme-based currencies, some of which are thought to have even less inherent value, regular people have opportunities that were once out of reach.

The WSM token is presently in the final stages of its presale, offering a limited window for token acquisition. Priced at $0.0337, its value is poised to appreciate once it hits exchanges. Despite being a relatively young project, it has already amassed a substantial following and secured $25 million in funding up to this point and there only only 16 days left in the presale. Furthermore, millions of tokens have already been staked.

Bitcoin BSC (BTCBSC) has recently entered the cryptocurrency market and swiftly gained significant attention from the community. This innovative project, designed to emulate and enhance Bitcoins features, has already garnered substantial interest within a short span.

The project presents investors with a unique opportunity to acquire BTC at 2011 prices when it was valued at less than $1. Notably, it operates on the Binance Smart Chain, utilizing a proof-of-stake (PoS) mechanism, as opposed to the energy-intensive Proof-of-Work (PoW) system.

Unlike PoW, which demands considerable computational power and energy for mining, BTCBSCs PoS mechanism ensures a more efficient, scalable, and eco-friendly operation.

The BTCBSC token is priced at $0.99, with a soft cap set at $3.960 million. It has raised over $1 million already. A significant portion, 69%, of the entire BTCBSC supply is allocated for staking rewards, distributed over a prolonged 120-year period, mirroring the timeline for the final Bitcoin to be mined in 2140. Additionally, the staking pool follows Bitcoins block creation schedule, disbursing rewards to investors every 10 minutes. This setup not only ensures token price stability post-launch but also provides an attractive source of passive income for retail investors.

The Bitcoin BSC staking pool boasts an annual percentage yield (APY) of over 14,000%. While this rate will gradually decrease with increased stake participation, the rewards will still surpass the industry standard of 3% to 5% APY.

yPredict (YPRED) is an innovative platform leveraging blockchain technology to establish a prediction market known for its steadfast commitment to transparency and security. Operating on the Ethereum blockchain, this decentralized platform employs its native cryptocurrency, the YPRED token.

The fundamental goal of yPredict is to furnish users with a decentralized alternative to conventional prediction markets, amplified by the functionalities enabled by smart contracts. Within this framework, users actively participate in prediction markets spanning a wide array of topics, from finance and politics to sports.

yPredict offers a comprehensive suite of customized services thoughtfully designed to cater to the diverse requirements of traders and investors. These services encompass market predictions, an analytical dashboard, a specialized marketplace for predictive models, and a dedicated trading terminal.

The yPredict presale stage is providing the token at a rate of $0.10, set to rise to $0.12 upon its formal listing. Its worth highlighting that the current presale phase has already garnered a notable sum of more than $3.8 million.

A substantial share of the tokens, specifically 80%, has been allocated for the presale, with half of this allocation accessible during the token generation event. Subsequent to this event, a 6-week lock-up period will commence, after which the remaining tokens will be progressively released over a period of 6 months.

Wall St Memes (WSM), Bitcoin BSC (BTCBSC), and yPredict (YPRED) look like good choices for investors as ETH looks like it might have a tough short-term ahead. Take a look at their presales before the closing dates, and dont forget to check out the social channels as well.

Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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ETH Price Prediction: Uncertain Short-Term Outlook, But These ... - Captain Altcoin

Recent headlines have been dominated by two exciting updates: the launch of opBNB, an innovative project on the Binance Smart Chain, and Pomerdoges projected price surge of 17x.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

After weeks of waiting, Binance has launched opBNB for its Binance Smart Chain (BSC). opBNB is a layer-2 solution from the BSC and stands out as one of BNBs best projects yet. The opBNB solution will offer increased speed and scalability for the BSC.

Over 400,000 unique wallet addresses have already been registered on the opBNB testnet, and the mainnet has been predicted to record more users. During testnet, opBNB processed 7 million on-chain transactions per second, making it one of the best high-performing blockchain networks.

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eTukTuk is the first electric vehicle charging solution to make use of BNB chains opBNB layer two solutions, utilizing its cutting-edge optimistic rollups to scale functionality and reduce gas fees on the blockchain. The announcement has caused an increase in the price of BNB.

The BNB price has increased by more than 5%, rallying to the $230 resistance. However, the BNB token faced rejection at this level. Now trading at $229, the BNB coin would need a significant bullish momentum to break above this price level.

Every year, thousands of projects launch in the crypto space via presale, but only very few projects gain traction. Amidst this growing competition, Pomerdoge (POMD) has been gaining momentum, making a name for itself due to its new gaming model.

Pomerdoge is a new play-to-earn (P2E) project that combines the blockchain P2E and meme coins. Currently, at stage one of its presale stage, Pomerdoge is projected to revolutionize the market because of its real-life application.

Within the Pomerdoge game, gamers will go on missions within the arenas with their Pomers to collect in-game items and rewards which can be sold for real cash. The Pomerdoge team will also organize weekly tournaments and competitions to increase gameplay and awareness.

In these competitions, members of the Pomerdoge gaming ecosystem will earn cash prizes up for grabs worth up to $100,000 and also $50,000 worth of mega Pomer Price. Moreover, presale investors will get a chance to earn a percentage of the platforms revenue with Pomerdoge initiators offering over 7,777 worth of NFTs to those who have an early stake in the project.

The projects presale will have four stages, and the first stage is selling out quickly. The token now trades at $0.01 making it a great option for investors looking for massive gains as crypto experts have predicted up to 17x gain to see POMD reach highs of $0.17 by the end of the year.

Find out more about the Pomerdoge (POMD) Presale Today:

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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BNB Shows Promising Signs As opBNB Launches, Pomerdoge ... - The Crypto Basic

The B2BinPay crypto platform has presented an all-new v17 upgrade to its digital infrastructure, providing much-needed additions and improvements to elevate the user experience. B2BinPay's crypto platform has been among the industry leaders in providing smooth and seamless crypto services for merchant and enterprise clients.

The latest platform update aims to build on the solid core foundation of B2BinPay, offering new tools, features, trading options and much more. Let's examine the nature and extent of additions in the v17 update.

While the crypto market has matured and improved significantly over the last two years, it still experiences high levels of volatility. Thus, stablecoins have become one of the most popular assets in this field, offering a much-desired predictability to crypto users. To accommodate the rising demands of the public, B2BinPay has decided to expand its settlement portfolio by adding two new stablecoins, TrueUSD and Euro Coin, alongside its existing options of BTC, USDT, USDC, USD and EUR.

Thus, the total B2BinPay package now features 14 coins, 14 stablecoins and 25 tokens with various utilities. These virtual assets are automatically settled into the seven currencies, including the two newly added coins.

TrueUSD and Euro Coin have built-in ERC20, BEP20 and TRC 20 token standards, allowing customers to manage their crypto assets seamlessly. Adding Euro Coin is highly important for the B2BinPay's audience, as it presents a definitive stablecoin option for businesses in the Eurozone territory. Moreover, Euro Coin was developed by Circle, which is most famous for creating USDC, the second-largest stablecoin on the market.

With the v17 update, B2BinPay now supports an impressive pool of tokens, including 14 stablecoins and 113 new permits, in 14 different Blockchain networks. The notable networks presented by B2BinPay include Tron, Ethereum and Binance Smart Chain.

While the quality and functionality of crypto platforms are essential, clients also look for optimal pricing options. That is why B2BinPay has revised its pricing model, providing a more affordable plan for clients with limited budgetary capabilities.

For merchants, B2BinPay now offers a complete account setup for just $500. The v17 update also overhauled the commission structure, reducing the standard merchant fees from 0.5% to 0.4%. Sometimes, the new commission tiers can go as low as 0.25%.

Enterprise clients' setup charges have also decreased from $1,500 to $1,000, which also includes smart contract activation on various networks, including Ethereum and Binance Smart Chain. Enterprise clients can also choose from various digital wallets, like Binance Coin, Ripple, Stellar, Tron, etc.

B2BinPay understands the significance of seamless user experience and presents several crucial improvements to UI with the v17 upgrade. These include expanded search capabilities, sorting assets alphabetically, marking them as favourites, etc. Additionally, B2BinPay supports users with a comprehensive onboarding guide, explaining all the details and intricacies of the platform to enhance adoption.

V17 update also accommodates the conversion of payout fees in the default currency of choice, letting customers manage their costs in a simplified manner. Customers can choose custom fee currencies as well.

The v17 update has simplified dropdown menus, letting users manage their dashboards with ease. The search capabilities have also been expanded, which enables users to navigate the platform efficiently.

The platform has disposed of the 7-day expiration date for customer invoices, which lets users organise their documentation without arbitrary deadlines. B2BinPay will also send automated email reports to customers, letting them analyse their past performance in a summarised manner.

As for enterprise clients, they can now sort the wallet tables using unique IDs and currency types. The QR code now displays respective token icons on the top for convenience. Finally, clients can add or remove IP addresses from the whitelist with a one-step process, only requiring password authentication.

Of course, all of the above-outlined improvements would be in vain without effective customer support. The new "unread counter" feature allows users to control the status of their tickets and receive appropriate support much faster, enhancing the overall user experience.

v17 is a major improvement across the entire B2BinPay platform ecosystem. However, the team does not plan to stop there, and the development of v18 and v19 is already underway.

B2BinPay has also announced two major upcoming partnerships. In collaboration with Ledger, B2BinPay is developing custom-made Ledger Nano X wallets, only available to the platform users. Additionally, the B2BinPay team is excited to announce their sponsorship of the Athletic Club for the 2023/2024 La Liga session.

Overall, the team behind B2BinPay is staying proactive in their efforts to iterate on their core foundation and reward loyal customers with an ever-improving platform.

This publication is provided by the client. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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B2BinPay v17 - Breaking down the latest major platform update - Cointelegraph