Binance’s BNB Coin Predicted To Reach $640, As “Bitnance” Token Presale Tops 60000
The Binance ecosystem is on fire. The native coin, $BNB, is currently teetering between $574 and $575 and the ICO for the bep-20 store-of-value asset, Bitnance, has just passed 60,000 at presale. It appears 2024, could be a breakout end for Binance exchange, BNB Chain, and derivatives as the year ends.
The $BNB coin is currently priced at $574, up nearly 4% on the day. On the week, it’s in the green nearly 10%, continuing a bullish trend as other networks struggle.
Per chart analysis, signals show that this bullish trend could continue through next week. If Binance Coin pierces $585, traders can expect to see it reach $590.
BNB Coin To $640 Soon
However, the critical level for Binance exchange’s native coin is actually $600. If the bull cycle can pierce this ceiling, it’s likely to pop and break out to a price of $640, giving today’s holders another 11.4% profit yield.
These signals are causing many to jump back into the bep-20 network, especially because the BNB-Chain has also seen the launch of a presale for a debuting store of value assets.
The Bitnance (BTN) Token ICO is alive and thriving via Bitnance.net. Just surpassing 60,000 tokens sold, this is a Bitcoin alternative for traders using the BNB-Chain [blockchain] that saves money.
How Does Bitnance (BTN) Save BNB-Chain Users Money?
In layman’s terms, the $BTN is set up to rival $BTC, being produced at an even scarcer token supply rate. Only 10 million tokens will be minted of Bitnance, versus Bitcoin, which will cap its supply at 21 million coins.
Bitnance is a layer-2 cryptocurrency that will operate on the Bitnance Blockchain [BNB-Chain], absorbing all its benefits. The $BTN token will be able to handle more transactions while completing them faster and is generally more secure for traders.
More importantly, Bitnance will cost traders less to buy and sell. Transaction fees for the $BTN token are expected to average 80% less than those of $BTC.
The drastic cut in transaction fees means a trader who stores their wealth in Bitnance will pay $20 in fees whenever a Bitcoin investor is paying $100; this for the exact same buy or sell transaction total.
The new ‘Bitcoin of the BNB Chain” is also speculated to be a reason traders are buying the Binance coin at such high rates currently. The SOV token is helping invigorate interest in the BEP-20 and BEP-2 networks, which lost a lot of steam after losing its CEO Changpeng ‘CZ’ Zhao.
Updates on Former CEO Changpeng ‘CZ’ Zhao
CZ, who’s been serving a short prison sentence that most, if not all, speculators found to be unjust, was just moved to a halfway house and will soon be free once again. However, the US government has effectively removed him from owning the world’s biggest crypto exchange and top blockchain, replacing him with their own ‘head chairman.’
Apparently, Binance wasn’t the problem, it was just the US government wanted someone else to run it — too much power.
In a secondary new topic, 3 traders from Binance exchange are pursuing Zhao in a class action lawsuit because their cryptocurrencies were stolen; citing Binance.com didn’t prevent money laundering. Stolen funds were sent to Binance from somewhere else, making the stolen cryptos untraceable aka ‘decentralized.’
This class action is clearly without merit, as the fundamentals of cryptocurrency are decentralization and privacy. A trader can be made aware of this by reading any website to use crypto.
However, it appears that ‘passing the blame’ to CZ may be an ‘out’ for some traders who made unwise decisions, rather than holding themselves accountable for a lack of security in their own computer(s) or simply making an unwise acquisition.
Binance ETF
Nonetheless, CZ’s issues no longer affect the Binance exchange, BNB-Chain, or BEP-20 token trading. If a Binance ETF approval comes in the near future, traders could see the BNB coin break $1,000 for the first time.
With the US government taking control of the brand’s leadership position, installing Richard Teng as the new CEO could lead to approval in the near future. Though many are unsure of the possibility of this happening, financial institutions have already noted interest in being included in the native coin of the world’s top crypto exchange.
However, the BNB continues on an upward trajectory. The bullish cycle could end with the token reaching a price slightly over $640 in the coming weeks, but the stability of the overall crypto market influences the course of the price.
The Bitnance (BTN) token is currently in presale but has a +30% ROI to be generated on its listing day. It’s currently priced at $0.357 and could go up after a certain amount of tokens have been sold; a round 2 or 3 is normal in Initial Coin Offerings, escalating the token prices with each phase.
A wildcard crypto prediction for the long-term value of the $BTN token is set at just over $46. This would be over a 12,000% increase in the price of the bep-20 cryptocurrency, a BNB-chain-based rival for Bitcoin.
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Sea of Thieves update brings major blunderbuss changes and event tweaks
An extensive patch named 3.1.1 is being released today for Sea of Thieves, a massive multiplayer pirate video game; this brings in a major revamp of the blunderbuss and tweaking on the significant parts of the Burning Blade World event. As part of its thirteenth season, this update also has some other bug fixes and improvements that are meant to enhance the general gameplay experience.
Update highlight: Blunderbuss rework.
— Sea of Thieves (@SeaOfThieves) August 22, 2024
A Blunderbuss shot can now only do a maximum of 90 damage, but it will also now consistently propel enemy players over ledges and obstacles, like this: pic.twitter.com/IlZXtzgNMT
Blunderbuss, which is one of Sea of Thieves’ primary weapons, has undergone extensive changes. Rare, the developer behind this game, has improved the weapon’s knockback effects so that close-range shots will now forcefully push players backward, often even over ledges or obstacles when taken.
The blunderbuss spread pattern has been increased to maximize its knockback capabilities at point blank range. The impact force directed by each pellet was slightly reduced though without compromising much damage output per shoot from the weapon hence it can no longer kill someone fully healthy with one shot.
Burning Blade Event receives tactical revamping
The Burning Blade World event has been attracting great attention from players, and Rare has brought some strategic changes to it. Now, crews commanding a Burning Blade are not allowed to take the ship back to The Reaper’s Hideout while still involved in combat.
Also, a majority vote from the crew is now required for pledging to become the crew of the Burning Blade or trying to return the ship to The Reaper’s Hideout. These amendments have been made to make it more tactical and demanding, as per players who thought that the event had become too obvious.
The developer introduced new regulations, such as removing all crew votes, which will bring back the Burning Blade if and when it sails away from its island. This forces crews into complete commitment to another layer of strategy during this time.
New gameplay tweaks and bug fixes improve player experience
Some enhancements have been made to Pirate Emporium, such as having a “Browse All” section under which nice filter options are available for users’ convenience when navigating through available products in-store. Fresh customization options have been provided by adding new cosmetics, namely Motley Mariner Ship Collection and Ashen Curse Owl.
Technically, this update deals with acts like throwing knives causing damage even upon missing a target, gunpowder skeletons failing to explode consistently after being hit, and stuttering by gamers when moving through some areas within the game world, among others. All these amendments were made to clean up the title and provide a better playing experience for all users, according to Rare Development Studio.