Binance Coin (BNB) BNB is expected to continue to grow in va | its ME MUDASIR - ABBAS on Binance Square

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Binance Coin (BNB)BNB is expected to continue to grow in value in 2024, as the Binance exchange continues to grow in popularity.

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#BITcoin Bitcoin's recent dip below $70,000 has sparked concerns among analysts about a potential "bull trap," suggesting that the current price movements might mislead traders into expecting a continued upward trend when a significant drop could follow. Some experts predict a possible decline to around $65,000, with key support levels identified at $60,000 and even as low as $59,000 [[❞]](https://cointelegraph.com/news/bitcoin-67k-but-analysis-warns-10-btc-price-drop) [[❞]](https://www.marketbeat.com/cryptocurrencies/bitcoin/). Analysts point to several factors contributing to this cautious outlook. Resistance levels near $70,000 have proven difficult to breach, and recent technical indicators, such as the TD Sequential, signal potential short-term corrections [[❞]](https://www.tradingview.com/news/u_today:e135033f3094b:0-bitcoin-btc-price-surges-back-above-70k-is-this-another-bull-trap/). Moreover, the market sentiment, gauged by the Fear & Greed Index, indicates extreme greed, which often precedes a correction [[❞]](https://www.tradingview.com/news/u_today:e135033f3094b:0-bitcoin-btc-price-surges-back-above-70k-is-this-another-bull-trap/). Additionally, some traders argue that Bitcoin might not be fully ready for a sustained bull market until it convincingly overcomes these resistance levels and sustains higher price ranges [[❞]](https://finbold.com/bitcoin-price-prediction-as-btc-faces-bull-trap-of-the-year/). Overall, while there are bullish sentiments driven by upcoming events like the Bitcoin halving, caution is advised as the market might experience more volatility and potential declines in the short term [[❞]](https://cointelegraph.com/news/bitcoin-67k-but-analysis-warns-10-btc-price-drop) [[❞]](https://www.marketbeat.com/cryptocurrencies/bitcoin/) [[❞]](https://finbold.com/bitcoin-price-prediction-as-btc-faces-bull-trap-of-the-year/).

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#Six Spot Ethereum ETF Applicants Have Filed Amended 19b-4 for Upcoming Approval Six applicants for spot Ethereum ETFs, including major firms like BlackRock, Fidelity, and Grayscale, have recently filed amended 19b-4 forms with the U.S. Securities and Exchange Commission (SEC). This step is seen as part of their efforts to address SEC feedback and potentially pave the way for approval. The amended filings include new features such as staking, which Fidelity has incorporated to provide additional income to investors. The SEC's decision on these applications is anticipated soon, with a deadline for VanEck's proposal set for May 23 [[❞]](https://cointelegraph.com/news/fidelity-amends-spot-ethereum-etf-proposal-include-staking) .

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Shiba Inu (SHIB) is a popular meme coin that has gained significant attention since its inception. It was created as an experiment in decentralized community building and originally labeled the "Dogecoin killer" due to its aim to surpass Dogecoin in popularity and market cap. Launched on the Ethereum blockchain, SHIB allows investors to hold large quantities of tokens at a low price point, which has been a significant draw for retail investors. One of the unique aspects of Shiba Inu is its decentralized nature. The creator, Ryoshi, designed the project to operate without central leadership, eventually stepping away to leave the community in full control. This experiment in decentralization has been a success, with SHIB briefly overtaking Dogecoin in market capitalization during its peak in 2021. The Shiba Inu ecosystem has expanded beyond the SHIB token to include other tokens like BONE and LEASH. These are integrated into ShibaSwap, a decentralized exchange (DEX) that allows users to trade, stake, and provide liquidity for these tokens. ShibaSwap's features like "Dig" (liquidity mining) and "Bury" (staking) help maintain user engagement and enhance the utility of SHIB within its ecosystem. SHIB has also seen adoption as a payment method. For instance, it has been accepted by various merchants and integrated into platforms like BitPay. This widespread acceptance has contributed to its visibility and utility beyond just being a speculative asset. Despite being a meme coin, SHIB has shown resilience and continued development. The team behind Shiba Inu has announced plans for SHI, an algorithmic stablecoin, and a metaverse project where users can mint and trade virtual lands using SHIB tokens. These initiatives aim to create additional utility and maintain investor interest. For more detailed information, you can check out sources like Binance's blog on SHIB and CoinMarketCap's profile on Shiba Inu [[❞]](https://www.binance.com/en/price-prediction/shiba-inu) [[❞]](https://coinmarketcap.com/currencies/shiba-inu/) [[❞]](https://blog.binance.us/all-about-shib/).

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