#SCRSpotTradingOnBinance :
Things to know

Binance will launch Scroll (SCR) spot trading on October 22, 2024, featuring pairs like SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. The token aims to address Ethereum’s scalability issues using zkEVM Rollup technology for faster, cheaper transactions without sacrificing security. The initial circulating supply is 190 million, out of a total of 1 billion SCR tokens.

Before the spot trading launch, Binance conducted a farming event through its Launchpool, where users earned SCR by staking BNB or FDUSD. The token's "Seed Tag" designation indicates higher volatility, requiring users to complete a risk-awareness quiz every 90 days.

Key dates include the end of pre-market trading on October 21, spot trading commencement on October 22 at 08:00 UTC, and withdrawals opening on October 23. The listing marks a significant step for Scroll and reflects Binance’s commitment to expanding its crypto offerings.

For more details, visit Binance's official announcements and cryptocurrency news source

Effect of US Retail Sales Boost on crypto currency

The recent uptick in U.S. retail sales is significantly impacting the cryptocurrency market. Stronger consumer spending reflects economic resilience, boosting investor confidence. As retail sales increase, speculation rises that the Federal Reserve may adopt a more accommodative monetary stance, benefiting riskier assets like cryptocurrencies.

This positive economic sentiment has led to price gains in major digital assets, including Bitcoin, which has seen a rally due to improved macroeconomic conditions.

With higher retail sales contributing to economic growth, the environment becomes more favorable for assets thriving on positive sentiment. As a result, the crypto market sees increased liquidity, attracting more capital, especially in DeFi and blockchain projects seeking diversification.

Amid these conditions, several cryptocurrencies appear promising for October 2024.
$BTC stands out due to resilience and anticipation around the upcoming April 2024 halving.
$ETH benefits from DeFi growth and network upgrades,
$SOL gains traction with high-speed transactions and ecosystem partnerships.
$Avalanche (AVAX) shows potential in DeFi, driven by scalability improvements.
Overall, rising retail sales could support a continued crypto rally, driven by optimism and potential shifts in Federal Reserve policy.

#USRetailSalesBoost

Will BITCOIN hit $70,000 by the end of 2024?

As of mid-October 2024, the outlook for $BTC  reaching $70,000 by the end of the year remains a subject of debate among experts. While some market analysts predict a potential surge, others advise caution based on various factors.

The optimistic scenario centers around events like $BTC  ETFs gaining traction and the upcoming Bitcoin halving in April 2024, which is expected to reduce the supply of new $BTC  and potentially drive up demand and prices. Analysts suggest that if favorable conditions align, Bitcoin could hit or exceed $70,000, with some estimates even pointing toward $85,000. Historical trends following halving events have often been bullish, adding to the optimism​.

However, there are also more conservative projections. Some forecasts predict that Bitcoin will trade in the $58,000 to $76,000 range, with fluctuations influenced by macroeconomic factors like interest rate policies and regulatory developments. Other models suggest Bitcoin could struggle to maintain momentum above $60,000, with resistance points possibly limiting significant growth this year​

Ultimately, while there is a path to $70,000 or higher, it is contingent on factors such as institutional adoption, regulatory clarity, and market sentiment. The diverse forecasts highlight the uncertainty, so potential investors should prepare for both optimistic and cautious scenarios in the volatile crypto market.

#BTCSoarsTo68K #BTC☀

Meme Coin Trading in 2024:

Meme coin trading remains a high-risk, high-reward segment in the cryptocurrency market. As of October 2024, established coins like Dogecoin (DOGE) and Shiba Inu (SHIB), along with emerging tokens such as POPCAT, GoodEgg, and DOGEN, present unique trading opportunities.

Top Meme Coins to Watch:

1.Dogecoin (DOGE): Trading between $0.10 and $0.14, DOGE's future depends on breaking past resistance around $0.15. While recent months have seen a 40% drop, the coin's strong community and celebrity influence still provide bullish potential during market upswings.

2. Shiba Inu (SHIB): With a growing ecosystem, SHIB trades near $0.000015 and needs to surpass $0.000025 for significant gains. Upcoming projects like Shibarium could drive long-term growth, though current trading signals remain mixed.

3. POPCAT:A newer player with impressive gains, POPCAT has surged over 400% in six months. It trades between $0.87 and $1.09, with $1.20 acting as a key resistance level. Its viral popularity positions it for further gains if social media interest persists.

4. GoodEgg (GEGG): Combining meme coin hype with Social-Fi, GoodEgg trades at around $0.00021. Its social engagement rewards could attract community-driven investors looking for both entertainment and utility in crypto.

5. DOGEN: Known for its multi-level referral program, DOGEN aims for a 700% surge during its presale, inspired by successful meme coins like BONK. The token’s community incentives may make it a promising contender in the current market.

If you missed the chance of these coins you can start mining of these coins

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#memecointrading

Crypto airdrops present unique opportunities for acquiring free tokens by participating in blockchain projects. Here are some upcoming airdrops for late 2024:

Linea: A zk-rollup scaling solution on Ethereum, Linea aims to improve transaction speed and reduce fees. Early users who interact with its testnet or provide liquidity may qualify for the airdrop upon the mainnet launch. The Linea token is expected to support staking, governance, and network security
Sonic: This Ethereum-based decentralized exchange (DEX) emphasizes fast transactions and low fees. Testnet users who provide feedback could earn airdropped tokens when the platform transitions to its mainnet. These tokens will likely be used for governance and liquidity incentives.
Shardeum: As a sharded Layer 1 blockchain, Shardeum seeks to balance scalability with decentralization. Its ongoing testnet allows participants to potentially earn tokens when the mainnet launches, which can be used for governance and staking
Lens Protocol: Built on Polygon, Lens aims to decentralize social media, allowing content monetization via token rewards. Early adopters engaging with the ecosystem may receive tokens upon the official launch
TapiocaDAO: This cross-chain DeFi project offers omnichain lending and liquidity. Users participating in governance or testnet activities could receive tokens for voting and accessing liquidity pools.
Saltwater Games: Integrating NFTs and play-to-earn features, Saltwater Games will reward early testers and community members with tokens, providing governance rights and exclusive in-game content

To increase eligibility, interact with testnets, participate in communities, and stay updated on project developments. This proactive engagement can maximize chances of receiving these valuable airdrops.

#AirDropSeries #CryptoNewss