Here's a step-by-step guide to futures trading on Binance for beginners:
*Pre-Requisites*
1. *Binance account*: Create and verify your account. 2. *KYC (Know Your Customer)*: Complete verification. 3. *2FA (Two-Factor Authentication)*: Enable for security. 4. *Funding*: Deposit cryptocurrency (e.g., BTC, USDT) into your Binance account.
*Understanding Futures Trading*
1. *Futures contract*: Agreement to buy/sell an asset at a set price on a specific date. 2. *Leverage*: Borrowed funds to amplify potential gains (e.g., 2x, 5x, 10x). 3. *Margin*: Initial deposit required to open a position. 4. *Liquidation*: Automatic closure of positions when margin falls below threshold.
1. Log in to your Binance account. 2. Click "Futures" or "Derivatives" in the top navigation bar. 3. Select "USDT-M Futures" or "COIN-M Futures" (depending on your preference).
Here are the cryptocurrency market predictions for today:
*Top Cryptocurrency Predictions*
- *Bitcoin (BTC)*: Expected to increase by 0.25% to $106,396, with a potential rise to $118,044 in the next month and $161,302 in the next year ¹. - *Ethereum (ETH)*: Predicted to decrease by 2.12% to $3,893.55, with a potential rise to $4,363.64 in the next month and $5,541.62 in the next year ¹. - *Solana (SOL)*: Expected to increase by 4.38% to $223.66, with a potential rise to $247.30 in the next month and $363.63 in the next year ¹.
*Market Sentiment and Trends*
The total cryptocurrency market cap is currently $3.74T, with a bearish market sentiment and an extreme greed index of 87 ¹. Experts predict a bullish trend for the remainder of 2024 and 2025, with potential new all-time highs for Bitcoin and Ethereum ².
*Long-Term Predictions*
Looking ahead to 2025, cryptocurrencies are expected to become a fundamental element in investment portfolios, with investors opting for crypto accumulation plans ³. A new generation of banking services based on crypto may also emerge, revolutionizing the payment sector ³.$BTC $ETH $SOL #PENGUOpening #BTCNewATH #BTCNewATH #BTCNewATH #BTCNewATH
by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out BTC/USD price prediction for today
Ethereum marches against Bitcoin, gains 20% in two weeks$ETH
Why Ethereum could break all-time high after Bitcoin's rally to $104,000 Cryptos | 12/05/2024 17:26:38 GMT Ethereum rallied nearly 20% against Bitcoin in the past two weeks. Ethereum supply held by whales climbed nearly 7% in the same timeframe. As Bitcoin hits $104,000 and traders take profits, capital rotation signals a potential altcoin season. Ethereum (ETH) is hovering close to the $4,000 level early on Thursday. The second-largest cryptocurrency is gearing to test its 2021 peak at $4,868. Technical indicators support a bullish thesis for Ethereum.
Ethereum and altcoins in the top 50 rallied alongside Bitcoin (BTC) as the cryptocurrency hit the $100,000 milestone and climbed to an all-time high above $104,000.
On-chain indicators signal increased Ethereum accumulation by whales and a decline in exchange supply, both conducive for further gains in ETH. $ETH $XRP
Bitcoin broke above its ATH of 99.8k, surpassing 100k to a peak of 103.9k. A continuation of the bullish trend could bring the psychological level of 110k into play. Above here, BTC could test the 1.0 Fib extension at 123k or even look as far ahead to the 1.61 fib extension as a peak (as it did in 2020) at 143k.
The RSI is overbought, so buyers should be cautious as the chances of a consolidation or pullback increase. That said, RSI gives no indication of the timing, and Bitcoin could remain overbought for an extended period, as seen on previous occasions. $BTC $BNB $ETH #BTC100K! #CryptoHistoricMoment #MicrosoftBTCInvestmentVote #Share1BNBDaily #XRPTrends
HOW to earn passive income with cryptocurrency There are several ways to earn passive income with cryptocurrency:
1. Staking: Many cryptocurrencies offer staking rewards, where users can earn additional coins by holding and supporting the network. By staking your coins, you contribute to the security and operation of the blockchain and earn rewards in return.
2. Masternodes users to run a masternode, which is a dedicated computer on the network that performs important functions. In return for running a masternode, users receive regular rewards in the form of additional coins.
3. Yield farming: Yield farming involves providing liquidity to decentralized finance (DeFi) platforms by lending or staking your cryptocurrency. In return for providing liquidity, users earn interest or fees generated by the platform.
4. Dividends or profit-sharing tokens: Some projects issue tokens that entitle holders to a share of the project's revenue or profits. By holding these tokens, users can earn passive income based on the success of the project.
5. Crypto lending: Platforms exist that allow users to lend their cryptocurrencies to others and earn interest on their holdings. This is similar to traditional lending, but with cryptocurrencies as the underlying asset.
It's important to note that earning passive income with cryptocurrency also carries risks, including market volatility and the potential for scams or fraudulent projects. It's essential to thoroughly research and understand the risks associated with any investment or passive income opportunity.
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