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Binance Market Update

The global cryptocurrency market cap now stands at $1.96T, up by 0.81% over the last day, according to CoinMarketCap data.

Bitcoin ($BTC ). has been trading between $51,032
and $51,899 over the past 24 hours. As of 09:30
AM (UTC) today, $BTC is trading at $51,600, up by 1.06%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include $COTI , $CKB , and $ARKM , up by 50%, 37%, and 28%, respectively.

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💰Major factors to Consider when Buying Crypto💰

Many of the assets we currently trade have long, storied histories. The use of gold in trade has been traced as far back as 560 BC to the ancient Kingdom of Lydia. The first modern stock exchange was created over 400 years ago in Amsterdam. Even ETFs have now been traded for over a quarter of a century.

In contrast, crypto has only been around for a little over a decade. The original decentralized cryptocurrency, bitcoin, was first mined in January 2009. While the technology is in many ways revolutionary, the industry is still very new, and the regulatory framework is still uncertain. The result is a market that currently experiences substantial volatility, triggered by various factors including crypto exchange bankruptcies and high-profile hacks.

Wondering if crypto is right for you? Begin by asking yourself these 5 questions:

✅1. Do you understand the crypto landscape?
✅2. Are you comfortable with the volatility?
✅3. Can you handle the investment risks?
✅4. Do you know how to store your crypto safely?
✅5. Do you understand the tax implications?

Crypto is currently an exciting but speculative asset with high volatility. It's not protected by the same regulations that apply to registered securities, and is not insured by the FDIC or protected by SIPC. To prepare yourself for the risks, make sure you have assessed its long-term potential before you buy. And once again, limit your allocation to an amount you can afford to lose.

Be sure to study all your security options before buying. Choosing between storing your coins with a trusted custody provider versus a crypto trading platform could make a big difference when it comes to protecting your assets, especially if you don't have the time to study crypto cybersecurity protocols.

And as with all financial holdings, make sure you understand the tax implications. The rules for crypto are different from that of traditional asset classes, so don't leave room for unwelcome surprises come tax season.

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Introducing Portal (PORTAL) on Binance Launchpool! Farm PORTAL by Staking BNB and FDUSD

#binance- is excited to announce the 47th project on #BinanceLunchPool - Portal (#Portal! ), a cross-chain gaming platform with a mission to onboard more players to Web 3.0.

The webpage is estimated to be available in 5 hours, before the Launchpool starts.

Users will be able to stake their BNB and FDUSD into separate pools to farm #Portal. tokens over seven days, with farming starting from 2024-02-22 00:00 (UTC).

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🔔BIG ANNOUNCEMENT🔔

Binance will support the PlayDapp (PLA) token swap to PlayDapp (PDA)

General Deposits and Withdrawals:

Deposits and withdrawals of PLA tokens have been suspended, and will no longer be supported.

#Binance will handle all technical requirements for users who are involved in this event.

Users may refer to the announcement from the project team for more information.

Token Swap:

$PLA tokens will assume the ticker of $PDA on #Binance (i.e., 1 $PLA = 1 $PDA).

Spot:
At 2024-02-26 03:00 (UTC), #Binance will delist all existing $PLA spot trading pairs (i.e., PLA/BTC and PLA/USDT) and cancel all pending PLA spot trade orders.

Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

At 2024-03-01 08:00 (UTC), trading will open for the PDA/BTC and PDA/USDT spot trading pairs.

Margin and VIP Loan:
$PLA was removed from Margin and VIP Loan as per the schedule announced here.

Earn:

At 2024-02-23 02:00 (UTC), #Binance Simple Earn will cease support for $PLA Simple Earn Flexible Products, and subscriptions will no longer be available.

For existing subscriptions, $PLA balances in Simple Earn will be automatically redeemed and credited to users’ Spot Wallets after 2024-02-23 05:00 (UTC).

#Binance Simple Earn will assist impacted users in recreating the same Flexible Product positions with PDA after the event is complete.

Users may also choose to redeem their assets from $PLA Flexible Products anytime before 2024-02-23 05:00 (UTC).

Binance Pay:

At 2024-02-26 03:00 (UTC), #Binance will remove $PLA from the list of supported cryptocurrencies on Binance Pay.

Gift Card:

While users may proceed to redeem any unredeemed PLA Gift Cards for PLA tokens before 2024-02-26 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to new $PDA tokens.

Note: This is an official statement from the Binance team, you can get more information from your announcement page.

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These New cryptos will make you rich in 2024

Below is our ranking of the top new crypto coins to buy this year:

1. Smog ($SMOG) – Best new meme coin offering exciting airdrops. 1,300% up in 24 hours.

2. Sponge V2 ($SPONGEV2) – Stake-to-bridge coin released new token version. 100x in 2023.

3. Bitcoin Minetrix ($BTCMTX) – Stake-to-mine crypto has raised over $10.4 million.

4. Meme Kombat ($MK) – P2e meme coin conducts virtual battles. 112% staking APYs.

5. eTukTuk ($TUK) – Eco-friendly meme crypto building EVs. Over $840K raised on presale.

6. 5th Scape ($5SCAPE) – New virtual reality coin offers realistic gaming experiences.

7. Scotty the AI ($SCOTTY) – Meme coin uses AI to detect frauds in the crypto space.

8. Green Bitcoin ($GBTC) – Bitcoin price prediction cryptocurrency game, over $850K raised.

9. Scorpion Casino ($SCORP) – Crypto gambling meme coin, over $3.5 million raised.

10. Poodl Inu ($POODL) – Latest dog-themed meme coin with generous staking rewards.

11. Worldcoin ($WLD) – New coin offers a global digital passport by scanning your retina.

12. Celestia ($TIA) – Innovative token lets you customize blockchains. $3.1 billion market cap.

13. CyberConnect ($CYBER ) – Crypto connecting social networks across the web3 space.

14. TON Diamonds ($GLINT) – New meme token of the TON Diamonds NFT Marketplace.

15. Big Time ($BIGTIME) – Multiplayer RPG crypto game. Up by 2,000% since launch.

16. Sorana ($SORANA) – New Solana-based meme coin with 9,000% pump after launch.

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Binance Auto Invest Daily Profit - Without Risk Earn $100 Crypto

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Predicting the "best" cryptocurrencies to buy in 2024 involves a lot of speculation and risk. However, here are ten cryptocurrencies that have shown promise and innovation, but please conduct your own research before investing:

$BTC
$ETH
$ADA
$SOL
$DOT
$LINK
$AVAX
$LUNA
$ALGO
$FTM

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#WLD
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#MyFirstFeedPost Hello, Binance Square!