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19 Mar 2024
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Home > News

Published: 19/03/2024

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Author: Kane

Former Binance CEO CZ Announces Upcoming Plans
The former CEO of Binance, Changpeng Zhao (CZ), recently shared on Twitter about his upcoming plans.

Azcnews Breaking
Recently on Twitter, Changpeng Zhao (CZ), the former CEO of Binance, revealed a new project he is planning to launch in the future, focusing on the education sector. CZ also mentioned that this project will not issue tokens and promised to disclose more details in the near future.


In late November 2023, after stepping down as CEO of Binance, CZ shared his plans and intentions for the future, as well as the areas he will be investing in next. He decided to take some time for a much-needed break after an extended period of relentless work.

Following his break, CZ disclosed his intention to actively invest and become a minority shareholder in startups related to Blockchain, Web3, DeFi, AI, and biotechnology. He also expressed his excitement to have more time to focus on the DeFi space.

However, CZ has no intention of returning as a CEO. Instead, he aims to share his experiences with those who seek to learn and seek guidance from experienced individuals in the cryptocurrency and technology industries.

Related: Binance Announces Listing of Book of Meme (BOME)

The EDU chart after the announcement by the former CEO of Binance.
The announcement by the former CEO of Binance caused a 25% increase in the price of the EDU token of Open Campus.

Chart Edu Binance

Open Campus is an educational project that allows the community to create and manage content they want to share with the world, enabling teachers and experts to earn money and receive recognition for their knowledge and experience.

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#Binance
#Changpeng Zhao
#CZ
5.0/5

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Anonymous
19/03/2024 at 2:46 am
Go CZ spread the Love of Crypt, Hats off to you sir

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Avatar of ALIYU LAWAL
ALIYU LAWAL
19/03/2024 at 4:17 am
Good job sir

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Avatar of usama ahmad
usama ahmad
19/03/2024 at 6:45 am
This is good idea sir

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Home > News

Published: 19/03/2024

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Author: Leexim

Polkadot (DOT) is Initiating an Upward Trend
If DOT manages to surpass the critical resistance barrier at $10, it has the potential to soar to $17. Additionally, on-chain metrics indicate a strong presence of spot buyers, displaying aggressive purchasing behavior for DOT.

Azcnews (3)
Table of Contents
According to analysis by MichaĆ«l van de Poppe, Polkadotā€™s growth over the recent 24 hours could be a sign of a potential bull run that would take the price to an all-time high.

In his analysis, van de Poppe compared DOTā€™s performance with Tether (USDT) and Bitcoin (BTC). He emphasized that DOT has produced higher highs and lows compared to USDT.

DOT is in an uptrend
Having higher highs and lower lows is seen as a sign of price growth, indicating that the asset can resist the downward trend and achieve higher value. According to the chart van de Poppe shared, DOT has started an uptrend from $8.97. However, it is facing key resistance around $10.


If DOT can close above this resistance, it could signal a rally to $17. Furthermore, if DOT breaks above $17, a breakout could occur that could push the price to an all-time high.

In terms of performance relative to Bitcoin, the analysis shows that DOT is at a cycle low, which could support the view of the tokenā€™s long-term upside potential.

Related: Which is Better Cosmos or Polkadot?

However, it is important to evaluate DOT from many different perspectives. One of them is the liquidation level available on the HyblockCapital platform, which is an important indicator to evaluate the estimated price level where the liquidation event may occur.

At the same time, it is also important to pay attention to the Cumulative Liquidation Level Delta (CLLD). CLLD provides information on whether the derivatives market is driving an upward or downward trend.

DOT liquidaiton level showing a bullish bias

Source: HyblockCapital

The situation is not very positive for short selling funds
There is currently no liquidity pool in the range between $10.36 and $10.96. So, a rise in DOT to $11 could easily happen. However, at this price level, more liquidation is possible, especially with highly leveraged traders.

As for CCLD, we infer that medium to high leveraged short positions may be closed. This is because CLLD has fallen into the negative region. This negative result shows that sellers are trying to catch up with the downtrend as DOT price falls slightly. However, long-term liquidation levels are also affected by the rapid recovery.

DOT's rising price action and postiive funding rate

Source: Santiment

So, this supports the bullish view of the token. Additionally, the funding ratio is positive, showing that long positions are paying for holding their positions.

For those unfamiliar, funding is the difference between the spot price and the fixed price. One thing is that funding rates are decreasing as DOT prices increase. This shows that spot buyers are accumulating strongly, while fixed sellers are skeptical. As for the price of the token, this is a bullish sign.

As a result, DOTā€™s northbound operations may continue in the coming weeks.

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