Binance announces the launch of Notcoin (NOT) as its 54th project on Binance Launchpool, offering users the opportunity to stake BNB and FDUSD to farm NOT tokens.

HIGHLIGHTS

• Binance introduces Notcoin (NOT) as its 54th project on Binance Launchpool, promoting community engagement and web3 adoption.
• Users can stake BNB and FDUSD to farm NOT tokens over a six-day period, starting from May 13th.
• Notcoin's launch marks a significant milestone in the crypto ecosystem, backed by Binance Labs' investment and showcasing scalability for widespread adoption.

Binance is thrilled to unveil its 54th project on Binance Launchpool: Notcoin (NOT). Notcoin is a community token designed to introduce users to web3 through a tap-to-earn mining mechanic. The project’s webpage is set to go live in just 24 hours, ahead of the Launchpool commencement. Users will have the opportunity to stake their BNB and FDUSD into separate pools to farm NOT tokens over a three-day period, starting from May 13th at 00:00 (UTC).

Overview of Notcoin (NOT) Launch Details

The introduction of Notcoin (NOT) as the 54th Launchpool project on Binance signifies a significant milestone in the crypto ecosystem. Scheduled for launch on May 16, 2024, at 12:00 (UTC), Notcoin boasts a maximum supply of 103 billion coins, with an initial 100% supply of 102,719,221,714 coins, highlighting the cryptocurrencies’ scalability and potential for widespread adoption.

Insights into Binance Coin (BNB) Market Dynamics

In the realm of cryptocurrencies, Binance Coin (BNB) stands as a formidable player, currently ranking No. 4 in terms of market capitalization. With a live price of $598.81, BNB demonstrates resilience and stability amidst the dynamic crypto landscape, evidenced by its 24-hour trading volume totaling $1,413,464,208.
Delving deeper into BNB’s market dynamics, its circulating supply of $147,587,088 and market cap of $88,376,634,430 underscore its substantial presence within the crypto sphere. Recent price trends reveal a commendable 5.74% increase over the past 7 days, indicative of investor confidence and positive sentiment surrounding BNB.

Litecoin Price Analysis: Is LTC Breaking Out 100 Today?

Litecoin price analysis: LTC remains confined between major fundamental support and resistance zones, sinking holes in the ability to move in tandem with Bitcoin’s breakout topping $62,000.

HIGHLIGHTS

• Bitcoin price reclaims $62,000 support/resistance but a continued uptrend is doubtful.
• Litecoin moves sideways between solid support and resistance.
• Support areas at $76 and $72 hold as potential liquidity banks if declines resume below $80.

After two days of doldrums and mundane trading, Bitcoin price is breaking out, hinting at a sudden crypto recovery to end the week. The largest cryptocurrency blasted above $62,000 during US trading hours on Thursday following a downturn to $61,000 support. Based on Litecoin price analysis, the path of least resistance is gradually changing the trend upwards.
The ongoing consolidation reflected by the Bollinger bands indicator could culminate in a larger breakout aiming for areas beyond $100.
Litecoin hovered at $81, increasing its value by a mere 0.1% in 24 hours, CoinGecko data revealed. A noticeable 6% decline in the trading volume points to the lack of interest among traders. LTC boasts $6.1 billion of market cap, ranking #19 among all cryptos.

Litecoin Price Analysis: Stuck Between Rock And Hard Place

Fundamental data provided by IntoTheBlock shows an unbiased Litecoin. In other words, sideways trading is taking precedence, leaving LTC stuck between robust resistance and support areas.
Based on the IOMAP model, clusters of resistance zones may invalidate a potential breakout to $100. The largest hurdle runs between $86.5 and $89.12, where nearly 500,000 addresses purchased 4.5 million LTC.
On the downside, Litecoin sits on top of solid support areas with the immediate one taking the position between $79.4 and $81.62. Approximately 485,000 addresses bought 5.24 million LTC in this range.
Litecoin IOMAP chart | IntoTheBlock
A break on either side of the highlighted support and resistance would determine if the decline continues or a trend reversal occurs.
Meanwhile, sitting above the Bollinger bands middle boundary affirms the sideways trading structure. However, the overall narrowing of this indicator hints at a potential breakout either up or down. Often the tighter the constriction the larger will be the potential breakout.
Since the Relative Strength Index (RSI) has moved above the midline following a dip into the oversold region at the beginning of this month, a bullish outcome is highly likely.
Litecoin price chart | Tradingview
The RSI must up uphold the uptrend toward the overbought region to keep the bullish thesis in LTC price validated. In the short term, a daily close above $82 will go a long way to reinforce the bullish grip, increasing the chances of testing the huge fundamental barrier around $90.
Traders cannot rule out a potential sweep through lower levels at $76 and $72. Both of these levels were important to Litecoin in April and early May.

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Prices
Market Cap
$2,447,689,099,773.94
2.3%

DeFi Market Cap
$88,042,806,865.92
Bitcoin Dominance
50.6%
24h Volume
$74,597,111,910.76
2.7%

DeFi 24h Volume
$4,642,703,897.65
Global crypto market cap is $2,447,689,099,773.94 which has increased over 2.3% in the past 24 hours. The total crypto market volume in the past 24 hours is $74,597,111,910.76, and is 2.7% up. The total volume in DeFi coins is currently $4,642,703,897.65, it is 6.22% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 50.6% in the last 24 hours.

Trending Cryptocurrencies

Bitcoin (BTC)$62988.774
+2.63%

Ethereum (ETH)$3024.771
+1.38%

Binance Coin (BNB)$595.356
-0.02%

XRP (XRP)$0.513606
+0.18%

OKB (OKB)$50.75
+0.72%

Cardano (ADA)$0.463198
+2.42%

Dogecoin (DOGE)$0.149888
+1.11%

Solana (SOL)$153.092
+6.19%

Top Crypto Prices Live With Marketcap and Charts

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