• BNB struggles below $600, facing bearish pressure and uncertainties amid the Alex Protocol Bridge incident.
• Bitbot (BITBOT) emerges as an alternative, offering institutional-grade trading on Telegram.
• Bitbot (BITBOT) token is currently in its presale stage and it is priced at $0.018 per token.

BNB price is struggling to regain momentum amidst uncertainties and the recent Alex Protocol Bridge suspicious withdrawals that rocked the BNB Smart Chain network.

Meanwhile, Bitbot emerges as a potential alternative, promising innovative features and a new token.

BNB price recovery in limbo amid Alex Protocol Bridge incident

BNB’s journey towards recovery faces hurdles as it contends with bearish signals below the $600 mark. Despite attempts to breach resistance levels at $575 and $585, the token finds itself in a precarious position.

The failure to clear the $600 resistance zone triggered a fresh decline, exacerbating concerns among investors.

Compounding the challenges is the recent incident involving the Alex protocol bridge on the BNB Smart Chain. The protocol suffered a staggering $4.3 million in suspicious withdrawals immediately after its contract underwent a sudden upgrade. CertiK, a blockchain security platform, labeled the event as a possible private key compromise, highlighting the vulnerability of decentralized networks to malicious activities.

Bitbot (BITBOT) token offers an alternative opportunity

Amidst the uncertainties surrounding BNB, Bitbot (BITBOT) emerges as a potential alternative, offering innovative solutions in the crypto trading landscape.

Bitbot is an AI Telegram trading bot designed to empower users with institutional-grade tools, enabling seamless trading experiences directly from Telegram while maintaining full control of assets. The platform’s unique features include leveraging custom RPC nodes and institutional infrastructure to outpace the competition, handling sudden influxes of traffic during popular project launches, and ensuring assets are accessible only with user permission.

Currently conducting its presale, Bitbot has raised approximately $3,408,687 out of its $3,546,000 target. With each BITBOT token priced at $0.018 during the presale stage, Bitbot presents itself as a compelling option for traders seeking a reliable and secure trading platform.

Conclusion

In the midst of bearish pressures and uncertainties surrounding BNB, Bitbot stands out as a promising contender in the crypto trading sphere. With its innovative approach and focus on providing users with robust trading tools, Bitbot offers an alternative avenue for traders to navigate the volatile market landscape.

As investors weigh their options amidst ongoing market challenges, Bitbot’s presale success and unique features position it as a potential game-changer in the crypto trading ecosystem. The platform’s commitment to security, reliability, and user empowerment sets a new standard for trading platforms, providing traders with confidence and peace of mind in their investment endeavours.

• Cryptocurrency buying and selling is down considerably in the present day, with bitcoin falling beneath 29k.
• BNB rallied above XRP, though bulls want to carry costs above $330 to keep away from bears, or it may fall to $220 or beneath.
• Dogecoin surges after Twitter rebrands to X. Can DOGE take off?

As we speak’s crypto information was dominated by headlines across the launch of the Worldcoin (WLD) token and Elon Musk’s Twitter rebranding to X. In the meantime, the broader crypto market continued to see main altcoins bearish, with Bitcoin hovering simply above $29,000 after additional weak spot on Monday.

Whereas analysts have indicated that there could also be a turnaround following the latest consolidation, regulatory uncertainty stays a serious draw back. Additionally essential this week could possibly be the final response of traders to the Federal Reserve’s coverage determination after its two-day assembly.

So with these elements in thoughts, what’s the worth outlook for BNB and Dogecoin?

BNB worth outlook: $330 key assist stage

BNB, the native coin of the Binance ecosystem, overtook XRP to turn out to be the fourth largest cryptocurrency asset by market cap after the Ripple token fell 6% on Monday. Nevertheless, the value of BNB can also be falling (at present 2%) and is buying and selling beneath the 20-day EMA.

DOGE Value Outlook: One other Push Associated to X?

The value of Dogecoin (DOGE) was distinctive within the cryptocurrency markets in the present day. Whereas all main altcoins fell, the OG meme coin rose 10% to over $0.075.

When Elon Musk revealed Twitter’s rebranding to X, he positioned the DOGE image subsequent to the X emblem.

$DOGE up almost 10% as Elon Musk provides the Doge emblem to his profile pic.twitter.com/vDYn4KPzq3

— Dan Gambardello (@cryptorecruitr) in 2023 July 24

Bulls took the cue to push the coin greater and managed to carry it above the 20-day and 50-day EMAs.

This implies that potential constructive strikes are nonetheless doubtless, particularly with the information of DOGE’s adoption of X.

If the bulls push greater, the realm round $0.08 would be the most important impediment that can have to be convincingly repeated. $0.09 and $0.11 could possibly be the following targets for the bulls. On the draw back, a drop beneath $0.07 may ship the value right down to $0.057.

The keys are taken away

• BNB Chain’s ZhangHeng replace will probably be performed later this month.

• The replace will take away the chance of exploiting the blockchain and no new BNB tokens will probably be issued.

Later this month, the BNB chain will undergo a serious hardship

BNB Chain, the blockchain of the Binance ecosystem, will probably be upgraded to ZhangHeng later this month.

In response to the event crew, the replace will significantly enhance the security measures for customers.

The BNB crew believes that community safety continues to be a priority within the cryptocurrency business. A tough fork will occur in 2023. July 19 6:00 UTC.

Within the Web3 ecosystem, arduous forks are fixed modifications to how networks work and are performed by way of software program updates.

Because of the arduous fork, no new BNB tokens will probably be issued. Moreover, two-thirds of all validators on the BNB chain might want to improve their nodes to course of blocks as soon as the improve is full.

A tough fork will shield BNB Chain and its customers

The community’s builders revealed within the BEP-255 proposal that modifications in consumer balances will probably be monitored on a block-by-block foundation and reconciled to pinpoint issues. If a reconciliation error happens, the BNB chain will go into panic mode and the blockchain will cease producing new blocks.

The builders added that;

“If a reconciliation error happens, the blockchain will cease producing new blocks, affecting providers comparable to bridges, deposits and withdrawals on exchanges. This drastic motion is critical to guard the chain and its customers, and the core builders and group members ought to examine the problem as quickly as potential.

This newest cryptocurrency information comes after an thrilling few months for BNB, the native coin of the Binance ecosystem. BNB’s efficiency has been unstable for the reason that begin of the 12 months, and Binance is going through numerous regulatory strain all over the world.

BNB began the 12 months buying and selling at $245 per coin and rose to a 2023 excessive. A $354 worth. Nonetheless, BNB has misplaced greater than 30% of its worth prior to now 30 days as a consequence of regulatory challenges in america and Europe.

At press time, BNB is buying and selling at $246 per coin, down lower than 1% prior to now 24 hours.

• Binance has introduced Arkham (ARKM) because the thirty second Binance Launchpad challenge.
• A snapshot of BNB balances can be taken between July 11-17.
• BNB, the native coin of Binance, rose greater than 3% to a excessive of $243.

Binance has added Arkham (ARKM) to the Binance Launchpad, the thirty second challenge to have its token sale backed by the cryptocurrency behemoth.

BNB, Binance’s native coin, rose greater than 3% to $243 early Monday.

Binance Launchpad Provides Arkham (ARKM)

In an announcement on Monday, Binance mentioned the sale of ARKM will happen in a subscription format. BNB steadiness snapshot begins at 00:00 (UTC) 2023. July 11-July 17 00:00 (UTC).

Wen Launchpad? https://t.co/IpDpFuwEdH

– CZ Binance (@cz_binance) in 2023 July 10

ARKM token gross sales on Launchpad can be capped at $2.5 million and every consumer will obtain 300,000 ARKM or $15,000. Binance Launchpad has allotted 50 million ARKM tokens, which is about 5% of Arkham’s complete provide of $1 billion.

The general public sale worth of ARKM is $0.05.

Arkham has launched Intel Market.

At the moment’s information that Arkham is the thirty second challenge on the Binance Launchpad coincided with one other large one advert from the circuit evaluation platform.

That is as a result of Arkham additionally introduced its Arkham Intel Change, dubbed “the world’s first on-chain intelligence market.” It’s anticipated to air on July 18.

The world’s first on-chain intelligence trade has been introduced

Purchase and promote details about the proprietor of any blockchain pockets deal with – anonymously by way of a sensible contract. pic.twitter.com/4xr7dLvOjp

— Arkham (@ArkhamIntel) in 2023 July 10

Intel Change will convey to market an intel-to-earn financial system that lets you anonymously purchase and promote on-chain intelligence from any cryptocurrency pockets deal with. The brand new platform can be powered by sensible contracts, with patrons paying bonuses for Intel.

“Anybody can publish a bounty to pursue sure chain info, locking up funds to request info on crypto addresses or entities. These bounties can then be carried out by “bounty hunters” – blockchain researchers or scouts who will commerce intelligence in trade for a reward.” Arkham wrote.

Based on the Arkham staff, the demand for on-chain evaluation continues to extend, particularly from merchants, buyers, researchers, journalists and protocols.

• Chancer’s betting platform will enable individuals to set their very own odds.
• Folks may also wager on something in Chancer, together with betting {that a} buddy will full a sure job.
• Chancer goals to compete with conventional bookmakers who wager in opposition to punters.

Since 2018 The US Supreme Courtroom has struck down a federal ban on sports activities betting, greater than 30 states and the District of Columbia have legalized sports activities betting in a single kind or one other, and 10 extra states are anticipated to take action within the close to future.

Sports activities betting has grown not solely in the US, but additionally in lots of different international locations, together with international locations equivalent to Kenya in Africa, the place the market has boomed over the previous few years. in 2022 The sports activities betting market was valued at $83.65 billion. USD, and in line with Polaris Market Analysis, it’s predicted that by 2030 it’ll improve to 178.68 billion.

Nonetheless, most sports activities betting platforms act as bookmakers and set the percentages in opposition to the individuals. A brand new entrant, Chancer, goals to alter that by introducing a decentralized social prediction market-making platform that permits individuals to wager on any prediction or occasion with full management over their bets.

Chancer, which makes use of the facility of Blockchain know-how for decentralization, is at present underneath growth and has already began buying and selling its native cryptocurrency, CHANCER. At press time, 36,763,989 CHANCER tokens had been bought within the first section.

traders should buy their tokens right here utilizing BNB or BUSD (BEP20) tokens.

Chancer Presale Schedules

Earlier than delving into how CHANCER token holders will profit from the primary decentralized predictive market-making platform token, it is very important observe that the CHANCER pre-sale is unfold over 12 phases.

By the point the presale ends, Chancer’s presale schedule ought to worth the token at $0.021.

What would be the profit to the holders of CHANCER tokens

Token holders will begin seeing their advantages instantly after the pre-sale ends, because the token is anticipated to be launched on Uniswap and plenty of centralized cryptocurrency exchanges. Due to this fact, holders will be capable to commerce their tokens and even use them for different DeFi actions, together with staking, to earn passive earnings whereas ready for 2024. the deliberate launch of Chancer Mainnet within the first quarter.

At launch, Chancer will enable customers to take part in market making, digital betting, WebRTC-Dwell Streaming, Share2Earn, staking and deployment of all verification nodes; all of which have to be examined earlier than the mainnet is launched.

As well as, those that take part in market making and betting will obtain tax breaks, which can encourage the platform to be accessible to those that use it often.

Node testers will be capable to earn passive earnings and wager winners might be rewarded with CHANCER tokens.

The keys are taken away

BNB Chain introduces its new L2 chain

Binance-founded layer-1 blockchain BNB Chain introduced on Monday to start out a brand new layer 2 circuit. In line with the BNB Chain workforce, the brand new L2 chain is designed to handle the scalability points affecting the blockchain.

L2 is known as opBNB, and it is a layer 2 scaling resolution powered by the Optimism OP Stack. opBNB is about to extend the safety and scalability of the Binance blockchain community.

opBNB is an Ethereum Digital Machine (EVM) suitable layer 2 chain. Because of this the L2 chain works with Ethereum-based good contracts, networks, and ERC-20 token requirements.

Scalability stays one of many greatest challenges going through blockchain networks on account of growing community congestion and excessive charges.

The BNB chain at present processes round 2,000 transactions per second, with a mean transaction worth of $0.10.

In line with the event workforce, opBNB helps greater than 4,000 transactions per second, with a mean transaction value of lower than $0.005.

As well as, the brand new L2 circuit will enable optimization of information availability, cache layer and adjustment of the rendering course of algorithm to carry out the identical operations. These options would enable the chain to extend the gasoline restrict to 100 million. per block from 30 million, which is at present allowed by optimism.

opBNB to unravel BNB chain scaling points

Commenting on this newest cryptocurrency informationBinance stated opBNB is a response to the scalability problem that has restricted the mass adoption of blockchain know-how.

Optimism makes use of Optimistic Rollups to extend trades. That is achieved by robotically assuming that transaction knowledge processed exterior the basis chain is legitimate till invalidated.

Information from DefiLlama exhibits that BNB Chain is the third largest blockchain, behind Ethereum and Tron, when it comes to DeFi worth blocked. The BNB chain at present has a TVL of $3.38 billion with a 24-hour quantity of $264 million and roughly a million day by day energetic customers.

• Chancer is a revolutionary betting platform that goals to harness the facility of blockchain know-how.
• The CHANCER token is at the moment priced at BUSD 0.01.
• CHANCER token holders can have the flexibility to create customized betting markets on the Chancer platform.

Chancer, one of the intriguing new releases of 2023. Web3 tasks, as we speak formally began the pre-sale of cryptocurrencies.

By eradicating the “home” from the equation and placing the markets firmly within the fingers of the bettors, Chancer goals to disrupt the betting business by permitting customers to create their very own betting markets, set their very own odds and set their very own guidelines.

Chancer is the world’s first decentralized prediction market app, and its creators, brothers Adam and Paul Kelbie, imagine it should revolutionize the best way folks guess and in the end convey again the enjoyment of playing.

How Chancer goals to alter the betting business

Chancer is trying to faucet into the big on-line betting and playing market, which is anticipated to develop by 2022. will attain 64 billion USD, and acquire a dominant place in it.

Chancer customers could make peer-to-peer (P2P) bets by establishing the platform as a bookmaker as a substitute of a bookmaker. Betting can vary from small, informal bets between shut associates to very large, viral bets involving hundreds of individuals, similar to choosing the very best director Oscar winner or guessing the ultimate results of the Champions League.

Not like most bookmakers, Chancer lets you guess on any prediction or occasion, not simply sports activities. Customers have full management over their bets and will not lose to a conventional bookmaker who units the percentages for them, which is a part of its enchantment.

Commenting on Chancer and the approaching months of the mission, Chancer CEO Adam Kelbie mentioned:

“We’re assured that we are able to change the best way betting and playing works. The subsequent few months are going to be very thrilling and we’re excited to have the ability to provide a brand new cryptocurrency in such a aggressive market. We’re doing what nobody else has accomplished, disrupting an business that has been anti-consumer from the beginning. It will not be straightforward, however we’re prepared for the struggle.

All staking payouts shall be made utilizing the Chancer token, CHANCER, which shall be out there for buying and selling on a number of crypto exchanges as soon as the pre-sale is full.

Chancer Token Presale

The Chancer token presale formally started as we speak, and at press time, 6,541,850 tokens had been bought and $65,418.49 had been raised simply hours after the presale started.

Based on the mission paperwork, the presale shall be carried out in twelve phases, with the primary part aiming to promote 100 million tokens and lift $1 million. The CHANCER token, which is constructed on the Binance Sensible Chain (BSC), at the moment prices 0.01 BUSD as a stablecoin.

What makes the Chancer betting platform distinctive?

The mission has a well-planned roadmap that lays out varied product use circumstances to draw various kinds of traders, as outlined within the white paper. Moreover, Chancer goals to realize and help true decentralization.

To make sure that nobody occasion can take management of the community, Chancer can have a proof of stake consensus mechanism. Customers of the platform will take management of decision-making beneath sq. administration.

Additionally, Chancer’s supply code will all the time be out there for inspection. Because of this everyone seems to be free to discover, contribute and counsel modifications to how the platform works, assured that their concepts shall be taken into consideration.

In a brand new approach, Chancer can even use Google’s WebRTC real-time communication capabilities to live-stream occasions to its group.

As well as, it should provide the Share2Earn program, staking and reductions to those that develop and take part out there, making the platform accessible to those that use it incessantly. Customers can even earn passive earnings by turning into node verifiers.

• BNB, Cardano and Polygon all seemed to interrupt by way of key resistance areas as crypto costs rose late Wednesday.

• Shares jumped as all main U.S. indexes completed greater for the day and Bitcoin climbed again above $27,400.
• Different cash obtainable are XRP, Dogecoin and Litecoin.

Right this moment, the crypto market stays largely unchanged after a sluggish week within the broader market, as traders take a cautious take a look at sentiment on the US debt ceiling. US shares rose on Wednesday as lawmakers reported constructive progress, with the Dow up greater than 400 factors and the S&P 500 and Nasdaq up +1.2%.

On the crypto entrance, Bitcoin (BTC) traded palms simply above $27,000, Ethereum (ETH) traded at $1,824, and XRP (XRP), one of many high 10 performers immediately, was up practically 45 cents.

Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) have been among the many altcoins that rose barely, whereas XRP, Litecoin, and Dogecoin have been additionally up.

Here’s a short-term worth forecast for BNB, ADA and MATIC.

BNB (BNB) worth

BNB is buying and selling at $314, up about 1% on crude on the time of writing, with bulls showing to defend the $310 space.

Nevertheless, the 20-day EMA ($317) and the 50-day EMA ($319) provide a big space of ​​resistance. With the midpoints indicating additional weak spot, the bears will probably attempt to break the worth under the robust assist at $300. If they’re profitable, the BNB/USD pair might lengthen the decline to $270.

Then again, if the worth bounces off the assist and BNB sees contemporary demand, an increase within the highlighted EMA might give consumers a breather to interrupt by way of the $330-$350 ranges.

On the time of writing, Cardano is above $0.37. Though ADA/USD rallied 3% within the final 24 hours and broke above the main horizontal line, the bulls usually are not but within the clear. To push the worth greater, consumers want to interrupt above $0.40 to succeed in the latest uptrend of $0.46.

If the bears handle to regain management, the ADA/USD pair might fall to $0.30.

Polygon is presently buying and selling at $0.87, up roughly 5% within the final 24 hours.

The bulls are more likely to attempt to push the worth above the resistance line to $0.91. If they’re profitable, the MATIC/USD pair will goal the psychological $1.00 zone and will retest the provision wall close to $1.20.

Then again, if the worth breaks down and breaks under the brand new vary assist, additional weak spot may lead in direction of $0.70.

Polygonal (MATIC) worth each day chart. Supply: TradingView.

Key Takeaways

• Alex Kim is Head of Enterprise Improvement at BNB Chain and joins the CoinJournal podcast
• He talks in regards to the bear market, the interoperable future, the benefit of constructing the BNB chain, gasoline taxes, decentralization, and extra.
• It additionally covers the darkish facet of cryptocurrencies, migration of initiatives from different blockchains, and rather more

There are one million totally different blockchains within the cryptocurrency area right now, and it may be complicated to grasp all of them.

Immediately Alex Kim joins the CoinJournal podcast, BNB Chain Enterprise Improvement Supervisor, to speak all issues BNB Chain. The chain has grown extremely quick and is now one of many greatest gamers within the area.

The dialog touched on many issues. Alex started by discussing the much-debated subject of Binance’s function in all of this. Early backer Alex describes how the world’s largest cryptocurrency trade is now separate from the blockchain.

He additionally talks about BNB and its function within the blockchain, in addition to a budget gasoline charges that prevail on the chain, not like a few of its rivals.

As for the contenders, he touches on Ethereum and what he believes might be an interoperable future. It additionally talks in regards to the latest switch of a number of initiatives, together with the a lot publicized addition of Uniswap, one of many greatest gamers within the DeFi area.

After all, it is onerous to not speak about a bear market. The tumultuous 12 months of 2022 introduced many challenges for everybody within the cryptocurrency area, and Alex talks about navigating the trade throughout that point.

It additionally delves into the darkish facet of cryptocurrencies and the unfavorable points which might be simple to create on this decentralized world. Scams are commonplace, with many initiatives going broke over the previous 12 months, and retail traders are sometimes left within the lurch.