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Cryptocurrency: 3 Top Coins To Watch As BNB Hits New ATH

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Cryptocurrency: 3 Top Coins To Watch As BNB Hits New ATH

Cryptocurrency investors are constantly on the lookout for coins that show promise and potential for major gains. With Binance Coin (BNB) recently hitting a new all-time high (ATH), the focus has shifted to BNB-related plays that are gaining significant attention.

In this article, we will explore three top coins to watch as BNB continues its impressive run: FLOKI, PancakeSwap (CAKE), and SPACE ID (ID).

Also read: Top 3 Meme Coins Other Than Shiba Inu To Buy For 10X Gains In 2024

FLOKI: The Top Meme coin on BNB

FLOKI, the popular meme coin named after Elon Musk’s pet dog, has been surging. Currently trading at $0.0003279, FLOKI has experienced a 22.81% increase in the past 24 hours. The coin’s 24-hour trading range has been between $0.0002644 and $0.0003462, indicating strong bullish momentum.

As BNB continues to reach new heights, FLOKI’s position as the top meme coin on the network has attracted investors.

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Also read: Can Solana (SOL) Breach $260 And Hit New ATH in June?

PancakeSwap (CAKE)

PancakeSwap (CAKE), the DEX and automated market maker built on the Binance Smart Chain (BSC), has also been gaining traction amidst BNB’s record-breaking performance. Currently trading at $3.13, CAKE has seen a 16.62% increase in the past 24 hours. The coin’s 24-hour trading range has been between $2.67 and $3.27.

As BNB continues to thrive, the demand for CAKE and its associated services is expected to grow, potentially leading to price appreciation.

Also read: Ripple: How Many XRP You Need To Make $5 Million If Price Hits $2?

SPACE ID (ID): A Promising BNB-Based Project

SPACE ID (ID), a decentralized identity protocol built on the Binance Smart Chain, is another coin to watch as BNB-related plays gain attention. Currently trading at $0.7464, ID has experienced a 7.33% increase in the past 24 hours. The coin’s 24-hour trading range has been between $0.6932 and $0.7752.

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As the demand for decentralized identity solutions grows, SPACE ID’s position in the BNB ecosystem has become increasingly relevant.

As BNB continues to reach new heights, cryptocurrency investors are closely monitoring BNB-related plays that show promise and potential for substantial gains. FLOKI, PancakeSwap, and SPACE ID have emerged as the top three coins to watch.

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Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

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Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules
Lawmakers are confronting rising pressure to modernize cryptocurrency tax policy as uncertainty clouds compliance, threatens U.S. competitiveness, and forces Congress to weigh legislative action amid warnings that capital and innovation could move offshore.
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Cryptocurrency becomes trendy holiday gift option

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Cryptocurrency becomes trendy holiday gift option

PHOENIX (AZFamily) — Cryptocurrency is appearing on more holiday wish lists as gift-givers look for alternatives to traditional presents.

A new survey from the National Cryptocurrency Association and PayPal shows 24% of Americans have given or are considering giving cryptocurrency this holiday season.

The survey also found that 17% of consumers would rather receive cryptocurrency than a gift card, and 31% of Americans believe crypto gifts are less likely to go unused than gift cards.

“It’s actually a trending holiday gift, especially compared to gift cards,” said Ali Tager, a spokesperson for the NCA. “We know crypto is becoming increasingly mainstream.”

Tager said people like receiving cryptocurrency because it has the potential to increase in value.

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“There’s so much you can do with this technology and it’s still in its early days,” she said.

Financial advisor Angelica Prescod said there are other investment options to consider for gift-giving.

“One of them is just gifting people something simple. Maybe some shares of some stocks that you may already have, that you are gifting over, or you can give them the cash to do so and open up their own account and feel involved in the process,” Prescod said. “For most folks [cryptocurrency] is not really the go to.”

Gift-givers can also contribute to 529 plans for college and other education expenses.

“It’s that gift that potentially can keep on giving,” Prescod said.

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For those still interested in giving cryptocurrency, experts recommend doing research first.

“Like with everything, anywhere, you always want to do your research. You want to make sure to verify your sources. You never want to take financial advice from strangers or click on random links that you receive,” Tager said.

The National Cryptocurrency Association offers a crypto simulator that helps users learn how to choose an exchange, set up a wallet, and send and receive cryptocurrency without spending real money.

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Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

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Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens
Visa is moving deeper into stablecoin-powered payments as adoption surges, launching a new advisory practice to help banks, fintechs, and enterprises design, assess, and deploy stablecoin strategies across global payment and treasury operations.
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