Skip to main content

MARKET OUTLOOK, INTEREST RATE DECISIONS AND OPINION OF THE BINANCE CEO

 


Binance CEO on dot-com bubble

Despite some failed projects, the number of network users and institutions in the crypto sector is steadily increasing. The Binance CEO cites the example of the internet boom after the dot-com bubble burst in 2000. The companies that survived the crisis have grown into larger and stronger organizations.


Binance CEO “CZ” confirms that the crypto market is bullish

The crypto market has rallied strongly this week, with Bitcoin (BTC) and Ethereum (ETH) prices quickly surging above the key psychological levels of $22,000 and $1500, respectively.


The Fear & Greed Index for cryptocurrencies jumped from “extreme” to “fear”. Current reading is 31. Federal Reserve officials and Governor will support a 75 basis point rate hike in July, however market sentiment has turned positive.


Binance CEO “CZ” has joined other crypto influencers to reinforce bullish market conditions. Binance CEO said in a tweet on July 23 that activity around fundraising, investments, remittances, micropayments, remittance, DeFi, NFT, Metaverse, etc. is increasing. In fact, the failure of some projects and the sale by a few people haven't changed the fundamentals. In addition, the number of network users and institutions is growing.


Binance CEO

CZ on the current situation:


The bursting of the dot-com bubble in 2000 didn't kill the Internet. On the contrary, it has given the surviving companies a tremendous advantage.


Meanwhile, the CME FedWatch tool indicates that the probability of a 100 basis point rate hike has fallen below 20%. That means the Fed is likely to hike rates by 75 basis points at the next FOMC meeting on July 27th. Federal Reserve Chairman Jerome Powell confirmed on July 22 that rate hikes are likely to slow after next week's 75 basis point hike.

Crypto analysts Michaël van de Poppe, Rekt Capital, PlanB and others have previously confirmed a bullish rally if Bitcoin (BTC) remains above $22,800 by month-end, the key 200-week moving average. If bitcoin price surges above $23,800, it is likely to surge above $28,000.


BTC and ETH prices are currently trading at $22,911 and $1582, up almost 12% and 32% respectively in a week.


Ethereum will be deflationary after the merge, confirms Vitalik Buterin while unveiling the Ethereum roadmap at the Ethereum Community Conference in Paris. The drop in circulating supply will push prices higher under the right conditions.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more