Binance, as one of the world's largest cryptocurrency exchanges, offers diverse trading options, including a Peer-to-Peer (P2P) platform. With millions of users, however, Binance also attracts various scams, with scammers frequently trying to exploit unsuspecting users. Below, we’ll discuss some of the top scams on Binance, including P2P scams, and the best ways to protect yourself.
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1. P2P (Peer-to-Peer) Scams
Description: Binance’s P2P platform allows users to buy and sell cryptocurrenci
LUNC and USTC are proving to be more resilient than many other altcoins in the market. After the recent downturn, these two cryptocurrencies have shown significant recovery, positioning themselves as strong contenders.
As we move forward, it feels like the clouds of uncertainty are starting to lift, promising clarity and direction for investors. The anticipation builds as we await answers to our lingering questions. It's only a matter of time before we see the moon rise once again for these promising assets.
Stay tuned, as the future looks bright for #TerraClassic and its community. Let’s keep our eyes on $LUNC and $USTC C!
The Collapse of Terra Classic (LUNC) and USTC: A Cautionary Tale
The downfall of Terra Classic (LUNC) and its algorithmic stablecoin, TerraUSD (UST), is a significant event in the history of cryptocurrency, illustrating the risks of over-reliance on algorithmic mechanisms and the volatile nature of crypto markets. Understanding this collapse involves delving into the mechanics of the Terra ecosystem, the events that led to its failure, and the aftermath for investors and the broader market.
Binance is one of the largest cryptocurrency exchanges globally, providing a variety of trading options and investment opportunities. For beginners, earning your first $100 on Binance may seem daunting, but with the right strategies, it is achievable. Here’s a guide to help you get started.
1. Create Your Binance Account
Before you can start earning, you'll need to create an account on Binance. Follow these steps:
Sign Up: Visit the Binance website and register for an account. You’ll need to
🚀 Big news for the crypto community! The Pi Network is gearing up to launch its mainnet on December 31, 2024. This crucial transition will enable Pi tokens to be used in real-world transactions and traded on decentralized exchanges, significantly enhancing the project’s utility.
Currently, Pi operates in an "Enclosed Mainnet" phase, allowing users to mine coins but not trade them yet. The successful launch hinges on reaching 15 million KYC-verified users and developing 100 mainnet-ready applications.
To ensure a smooth transition, Pi Network has introduced a new Testnet version aimed at optimizing performance and testing features. Don't forget the KYC submission deadline on November 30, 2024—it's essential to secure your Pi balance.
Stay tuned for more updates as we approach this exciting milestone!
🚨 What would be the impact of binance burning $LUNC ? 🚨
Binance will conduct its 27th round of LUNC token burns on January 10, 2025.
These burns have historically shown a positive impact on LUNC prices, and the recent increase in burn activity reflects a strong commitment to supporting the community and reducing supply.
Past burn rounds have resulted in significant price spikes, fueling optimism among traders about the upcoming burn.
🔥Stay tuned for updates on how this burn could influence the market!
How to Earn Free USDT on Binance: A Comprehensive Guide
Binance is one of the largest cryptocurrency exchanges in the world, offering a range of services for both novice and experienced traders. Among the many opportunities available, earning free Tether (USDT) can be an attractive prospect for those looking to boost their crypto holdings without investing additional funds. Here’s a detailed guide on how to earn free USDT on Binance.
1. Participate in Binance Earn Programs
Binance offers various earning programs that allow users to earn passive inc
The ongoing token burns on the Terra Classic chain have led to a gradual decrease in the supply of LUNC and USTC.
▪️ A key aspect of this process is the 0.5% tax burn applied to transactions, which plays a significant role.
▪️ While Binance supports LUNC burns, it does not currently facilitate burns for USTC. Thus, the primary method for reducing USTC supply is through tax burns.
✅ An analysis of daily burn figures since the start of the burn initiative reveals a noticeable decline in the daily burn rate of LUNC in recent days.
▪️ In contrast, USTC has consistently achieved substantial burn numbers, typically between 10,000 and 20,000 tokens daily, with an impressive average of 47,000 burned per day over the last week.
Considering the potential for USTC to be re-pegged, this indicates that approximately $47,000 is being effectively managed on the Terra Classic chain each day.
LUNC is gaining momentum, currently up 1.39% at 0.00008953 with a recent high of 0.00008970. The MA(7) line crossing above MA(25) is a bullish signal, supported by strong volume, which hints at potential upward continuation. However, watch the heavy sell-side sentiment (78% sell vs. 22% buy), indicating possible resistance and a need for cautious positioning.
💡 Strategy: For short-term traders, buying on small pullbacks may be an option. Keep stops tight, as there's resistance near 0.00008970. Long-term holders should monitor price action as positive 90-day (+6.80%) and 1-year (+41.48%) trends are encouraging signs!
NEIRO is showing a short-term recovery after a recent dip, with today's gain at 5.89%. The 7-period MA has crossed below the 25-period MA, signaling possible short-term downward momentum. However, trading volume is high, suggesting strong market interest at these levels.
⚠️ Trading Tips: 1️⃣ If you're already in profit, consider setting stop-loss orders to protect gains. 2️⃣ Short-term traders: watch for stability above current levels. A bounce above could indicate further upward movement. 3️⃣ Long-term trend remains positive with support intact; ideal for holders to monitor without panic.
Predicting the price of cryptocurrencies like Dogecoin is highly speculative and depends on various factors, including market trends, investor sentiment, and overall developments in the crypto space. As of now, analysts and experts have mixed opinions about whether Dogecoin will reach $1 in 2024.
1. Market Sentiment: Dogecoin's price is influenced significantly by social media trends and endorsements from high-profile figures, such as Elon Musk.
2. Adoption and Use Cases: Increased adoption for transactions or partnerships with major companies could boost its value.
3. General Market Conditions: The overall state of the cryptocurrency market can impact individual coins, including Dogecoin.
While it's possible for Dogecoin to reach $1, it will require significant market momentum and positive developments in its ecosystem. Always consider doing thorough research and consulting financial experts before making investment decisions.
1. Bitcoin Nears $70K? 🚀 With support from institutional interest and upcoming Bitcoin ETFs, BTC shows promising momentum. Analysts speculate it might soon break $70K, but volatility remains. Stay tuned! 🔥
2. Microsoft Eyes BTC 💼 Microsoft’s shareholders are set to vote on a Bitcoin investment proposal. This could signal a shift in institutional adoption for crypto! 👀
3. Ripple’s Legal Battle Continues ⚖️ Ripple dodged a default in its SEC lawsuit, keeping hopes alive for XRP holders. Ripple’s recent $109M XRP transfer has the community buzzing.
4. Tether Dominance 💸 USDT’s market cap just hit a record $120B, marking it as a powerhouse in the stablecoin space. Investors await the Ethereum upgrade for potential gains. 📈
Here are five foundational trading rules that can help guide you toward becoming a successful, and potentially wealthy, trader:
1. Develop a Solid Trading Plan
Key: A clear plan with entry, exit, and risk management strategies keeps emotions in check.
Why: Without a plan, traders tend to act impulsively, which increases the risk of loss. A plan should include your goals, strategies, risk tolerance, and criteria for exiting trades.
🔸 Short-term: Bearish with price below 25 & 99 MA; support at 0.00008723. Watch for a bounce if this holds or an upward break above 0.00008813 to signal a trend shift.
🔸 Volume: High, signaling interest but mostly on the sell side. Volatility expected—stay cautious.
🔸 Long-term: Mixed signals. 180-day trend down (-19.35%), but 1-year trend up (+39.79%).
Advice: Use stop-losses, avoid high leverage due to volatility, and watch broader market trends to gauge LUNC’s direction.
If you focus on personal development and learn how to trade effectively, you will eventually reach a point where the opinions of others no longer affect you.
This is truly a liberating stage. As a trader, it’s crucial to have confidence in your own decisions rather than relying on the views of others.
This confidence grows when you put in the effort and become knowledgeable in what you’re doing.
Israel launched a bombing operation in Iran last night, targeting Tehran and sending shockwaves through the financial markets. The impact was particularly felt in the cryptocurrency sector, with Bitcoin and several other coins, including LUNC, experiencing significant declines.
However, following the initial chaos, the markets have begun to recover. It seems the tension between Iran and Israel has reached a resolution, with predictions indicating that Israel would take action before the upcoming US elections—and this forecast proved accurate.
We should remain vigilant until November 5th. Currently, Bitcoin is trading above $67,000, and LUNC has shown a robust rebound, along with BNB, which is also performing strongly.