ACT Coin Plunges by 65%

One of the biggest losses of the day was seen in ACT, which dropped 65% from $0.19 to $0.0681. Binance released a statement explaining:

• Three VIP users sold $514,000 USDT worth of ACT on Binance’s spot market.
• A non-VIP user transferred a large amount of ACT into their account and sold $540,000 USDT worth of it.

This sudden price drop led to the liquidation of futures positions and caused declines in other low market cap tokens. Binance stated that no single account was identified as making a significant profit from the incident so far.

COMP Coin Listed on Upbit

One of South Korea’s largest crypto exchanges, Upbit, officially listed COMP today. The listing significantly increased its trading volume and investor interest.

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VanEck BNB ETF Registered in Delaware

VanEck completed the official registration process for a BNB Exchange-Traded Fund (ETF) in Delaware. This move may increase institutional investor interest in BNB and positively impact its price.

MASK Coin Drops 53%

MASK saw a sharp 53% decline, falling from $2.53 to $1.35. This major drop is part of the broader sell-off seen among low-cap altcoins.

Other Trending Coins and Developments

• SUI
• DEXE
• PEPE: Leading among meme coins in trading volume.
• EOS
• WAL
• FARTCOIN

These market fluctuations highlight the importance of careful investment strategies. Stay tuned for more updates and in-depth analysis!

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The post What Are Today’s Trending Coins in the Crypto Market? appeared first on Coin Engineer.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

After gaining support from the bullish FVG zone, EOS surpassed the $0.505 resistance level and climbed as high as $0.573. However, it failed to secure a daily close above this level. Today, EOS made an attempt to break through the $0.653 resistance, but after facing selling pressure, it has retraced to around $0.58.

Key Levels:

• The $0.573 support is currently critical. If EOS fails to close above this level on the daily timeframe, a pullback toward $0.505 could occur.
• Conversely, holding above $0.573 may pave the way for a renewed push toward the $0.653 resistance.
• If the $0.653 barrier is broken, the next target would be $0.70.

Vaulta’s shift to Web3 banking brings a fresh narrative and renewed interest in the project. However, technically, the price is at a pivotal point, and traders should keep a close eye on the $0.573 and $0.653 levels for further direction.

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The post EOS Price Analysis: Key Levels to Watch appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 2.79% in the past 24 hours and is currently trading at $99,753. Bitcoin (BTC) broke the previously identified resistance at $99,304, achieving a strong rally. To maintain upward momentum, it needs to close above the $100,998 resistance level. Key support levels are $99,304 and $97,362.

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Ethereum (ETH): The ETH/USDT pair has surged 4.63% in the last 24 hours and is now trading at $3,377. Resistance levels for ETH stand at $3,440 and $3,535, while the support levels are $3,290 and $3,217.

Quant (QNT): The QNT/USDT pair has gained 8.52% in the past 24 hours, trading at $118.63. Resistance levels are at $121.15 and $124.80, while support zones are $115.92 and $103.75 for deeper corrections.

The Graph (GRT): The GRT/USDT pair has risen 5.15% in the last 24 hours, currently trading at $0.2132. Resistance levels are $0.2158 and $0.2338, with support zones at $0.1981 and $0.1809.

EOS (EOS): The EOS/USDT pair climbed 5.91% over the past 24 hours and is trading at $0.8622. Resistance levels are at $0.8640 and $0.9576, with support levels at $0.8155 and $0.7523.

Trending Coins

The most trending coins in the market over the last 24 hours include Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and Sonic (prev. FTM) (S).

• Top Gainers: PHALA (PHA), Virtuals Protocol (VIRTUAL), and Zerebro (ZEREBRO).
• Top Losers: CHEX Token (CHEX), Dog (Bitcoin) (DOG), and aixbt by Virtuals (AIXBT).

Bitcoin Liquidation Map

On Bitcoin’s 12-hour liquidation map, the standout upper liquidation level is $101,835, holding $20.21 million in liquidations. Meanwhile, the lower side shows $98,815, with $55.13 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 16 January appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair gained 2.74% in the last 24 hours and is currently trading at $101,412. Bitcoin (BTC) reacted strongly from the previously mentioned support level of $97,362, continuing its upward movement. If the rally persists, the next resistance level is at $103,608. On the downside, support levels are at $100,998 and $99,304.

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Ethereum (ETH): The ETH/USDT pair increased by 0.60% in the last 24 hours, currently trading at $3,651. For ETH, resistance levels are at $3,653 and later at $3,750. Support levels are located at $3,535 and $3,440.

Aptos (APT): The APT/USDT pair saw a 5.19% increase over the past day and is trading at $10.37. Resistance levels for APT are at $10.54 and then at $11.22, while support zones are $9.95 and $9.69 in case of further declines.

Maker (MKR): The MKR/USDT pair gained 2.47% in the last 24 hours and is currently trading at $1,613. Resistance levels for MKR are at $1,649 and $1,708, with support zones at $1,598 and $1,559 in case of a deeper pullback.

EOS (EOS): The EOS/USDT pair rose 1.74% in the past 24 hours and is trading at $0.925. Resistance levels for EOS are at $0.957 and later at $1.01, with support zones at $0.884 and $0.815 for further declines.

Trending Coins

The top trending coins in the last 24 hours include PHNIX (PHNIX), Vector Smart Gas (VSG), and ai16z (AI16Z).
Top gainers are Akuma Inu (AKUMA), Swarms (SWARMS), and WEMIX (WEMIX).
Meanwhile, the biggest losers are Sonic (S), ACT I The AI Prophecy (ACT), and AI Rig Complex (ARC).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map:

• A significant liquidation at $102,751 stands out on the upper side, totaling $25.76M.
• On the lower side, $100,678 shows a notable liquidation of $22.05M.

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The post The Latest on Bitcoin and Cryptocurrencies: 7 January appeared first on Coin Engineer.

On Upbit, a 1-hour chart, Siacoin showed a notable growth; the average 50-period 1-hour volume jumped 211.43% from $46 million to $143 million. Binance saw a somewhat little 41.13% rise as volume moves from $17 million to $24 million. On Upbit, EOS had a 268.31% surge in trading volume; Binance saw a less change of 33.91%.

On Upbit, Jupiter (JUP) witnessed a 122.61% spike in trading volume; Binance only saw a 12.31% boost. On Upbit is 1-hour chart, trade volume soared 163.12%, from $127,000 to $333,000; Icon (ICX) also showed a clear rise. Binance shockingly observed a 17.61% decline in ICX transaction volume ranging from $240,000 to $197,000.

On the 4-hour chart, Bitcoin Gold (BTG) saw the most dramatic jump among Upbit tracking an amazing 540.54% increase in transaction volume. By comparison, Binance’s BTG trading volume fell 31.93%.

These significant variations in trading activity between Upbit and Binance have attracted traders’ and analysts’ assumption and attention as the causes of these unexpected surges are still unknown.

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The post Upbit Sees Unusual Surge in Trading Volumes for Select Altcoins appeared first on Coin Engineer.

USDT developer Tether will only support protocols that the USDT “community finds useful” going forward.

According to a statement made by Tether, the company will no longer provide support for the EOS and Algorand networks.

In line with this, Tether will stop issuing USDT on the EOS and Algorand networks as of June 24.

Tether stated, “We will continue to support protocols and chains that the community finds useful and encourage the community to increase USDT’s use cases on all protocols.”

How will the process proceed?

USDT users on the EOS and Algorand networks will be able to redeem their funds for 12 months.

Tether said, “We promise our community that this process will be carried out with care and minimal disruption.”

With the withdrawal from the EOS and Algorand networks, Tether now only operates on the Avalanche, Celo, Kava, Ethereum, Liquid Network, NEAR, Polkadot, Solana, Tezos, TON and Tron networks.

A significant portion of USDT, with a total market capitalization of $112.75 billion, is issued on the Tron and Ethereum networks.

Tether had also stopped providing USDT services on the Bitcoin, Kusama, and Bitcoin Cash networks last year.

The post Tether Pulls the Plug on Two Altcoins: EOS and Algorand! appeared first on Coin Engineer.

According to recent updates, the cryptocurrency exchange continues to update its listings. Recently adding two new altcoin trading pairs: ALGO/USDC and EOS/USDC. These listings highlight Binance’s ongoing growth in the altcoin sector.

In addition to the new trading pairs, Binance aims to expand the trading options available on Binance Spot and enhance the trading experience for its users. Trading for the ALGO/USDC and EOS/USDC pairs will commence on April 26, 2024, at 08:00 UTC.

Furthermore, Binance will also activate Trading Bots services for the ALGO/USDC and EOS/USDC trading pairs on the same date, aiding users in making their trading processes more efficient.

The addition of these listings is part of Binance’s efforts to broaden its cryptocurrency options and improve user experience. The new trading pairs will bring increased liquidity and trading volume, providing users with broader options among various cryptocurrencies. Additionally, these listings showcase the exchange’s continually updated technological infrastructure and responsiveness to market needs.

As one of the leading global cryptocurrency exchanges, this platform plays a pivotal role in the cryptocurrency market and offers trading opportunities across various cryptocurrencies. With the latest developments, the newly listed ALGO/USDC and EOS/USDC pairs continue to make headlines in the altcoin announcements.

The post Binance Listing Updates: Introducing New Trading Pairs appeared first on Coin Engineer.

Check Out: Today’s Most Popular Altcoins in the Crypto Market – Gainers and Losers

This change includes 10 different cryptocurrencies such as Apecoin (APE), ARPA (ARPA), Beta Finance (BETA), Convex Finance (CVX), Ethereum Name Services (ENS), Eos (EOS), Ethereum Classic (ETC), Kava (KAVA), and Pax Gold (PAXG).

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According to Binance’s announcement, trading pairs APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, and PAXG/BNB will be removed from spot trading and trading will be halted on December 29 at 05:00 (Turkey time). It was also mentioned that with this change, trading bots related to the same trading pairs will be shut down.

However, Binance stated that users can continue to trade on the platform using other trading pairs available for these assets. This means that users can maintain flexibility in managing their portfolios and making trades. The cryptocurrency market is constantly changing, and exchanges may make changes to their portfolios from time to time to provide the best service to users.

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The post Binance Delists Trading Pairs of These Altcoins! appeared first on Coin Engineer.