Stellar

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A low-cap altcoin built on the Stellar (XLM) blockchain is rallying after receiving surprise support from Binance.
In a new announcement, the global crypto exchange says that privacy-focused MobileCoin (MOB) will begin trading on its platform.

According to the project’s website,
“MobileCoin is a security-focused cryptocurrency that addresses four fundamental issues: security, transaction speed, energy consumption and optimization for mobile devices.”
MobileCoin specializes in payments across messaging apps, where only the sender and receiver have access to each transaction’s data. A desktop version is also available.
The project bills itself as “a simple, encrypted utility currency, like PayPal but secure.”
News of the Binance listing sent MobileCoin soaring upward in two distinct spikes, rising 101% from $3.62 to a peak of $7.29 before correcting sharply.
MOB is still up 24.4% at time of writing and trading at $4.42.
Also getting the green light from Binance is Nexo (NEXO), whose lending and borrowing platform allows users to earn up to 17% in annual interest.
According to the project’s website, Nexo boasts over four million users in more than 200 jurisdictions and currently holds over $12 billion in assets under management (AUM).
Binance says of NEXO,
“Nexo is a blockchain-based lending protocol that offers banking services for retail users [such as] lending, borrowing, trading [and] credit cards.
The NEXO token is used for governance and platform benefits, as well as to receive interest payments.”
At time of writing, Nexo is up nearly 6% and trading for $2.39. The altcoin initially shot up 23% from $2.21 to $2.72 before correcting down to $2.29.
Binance says that both MOB and NEXO will be available for exchange in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs.
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Featured Image: Shutterstock/Natalia Siiatovskaia/Mia Stendal
The post Two Altcoins Are Soaring After Surprise Listings on Crypto Exchange Binance appeared first on The Daily Hodl.


A low-cap altcoin built on the Stellar (XLM) blockchain is rallying after receiving surprise support from Binance. In a new announcement, the global crypto exchange says that privacy-focused MobileCoin (MOB) will begin trading on its platform. According to the project&#8217;s website, &#8220;Mobi...

dailyhodl.com

Two Altcoins Are Soaring After Surprise Listings on Crypto Exchange Binance

Solana (SOL), the sixth-largest crypto token by market capitalization, fell slightly on Tuesday after a stellar rally over the past month. But the declines indicate that the token is likely gearing up for a run towards all-time highs.
SOL price fell as much as 7% to $126.94, and was currently trading at $133.26. It was also nearly 50% below a record high of $258.96, hit in November. Still, the token is among the best-performing altcoins over the past month, having surged 38% since hitting seven-month lows in March.
SOL price technical indicators run bullish
Popular crypto commentator @SmartContracter pointed out that SOL’s Bitcoin (BTC) pair showed that an extended W pattern recovery was still underway. The token is likely set for more, albeit intermittent gains that will see it rise to 2022 highs.

The token is likely to see sharp consolidation after this rise, but will then challenge its lifetime highs.
After this 5 wave rise I think it’ll have a fairly significant 20%+ pullback before it runs for ATH
-SmartContracter
Technical indicators for SOL’s USD pair show that $135 is its next resistance level, given that the token has struggled to consistently keep above that point. A concrete breach is likely to indicate much more gains.
SOL had indicated a Morningstar pattern in its mid-March recovery.
Institutional trading, PoS interest boost Solana
A bulk of the SOL’s latest rally was driven by rising institutional interest. The token was included in an exchange-traded product offered by European asset manager CoinShares, and makes up nearly a quarter of weightage in a new fund launched by Grayscale.
Ethereum’s impending shift to a proof-of-stake (PoS) token has boosted interest in the medium, supporting SOL and its peers such as Cardano (ADA) and Algorand (ALGO). SOL is the largest PoS token,
The prospect of blockchain gaming on Solana also supported the token, after South Korea’s Krafton, developer of the wildly popular PUBG videogame, partnered with Solana Labs.
The post Solana (SOL) Price Gearing Up For A Run To All Time Highs, Here’s Why appeared first on CoinGape.


Solana (SOL), the sixth-largest crypto token by market capitalization, fell slightly on Tuesday after a stellar rally over the past month. But the declines indicate that the token is likely gearing up for a run towards all-time highs. SOL price fell as much as 7% to $126.94, and was currently tra...

coingape.com

Solana (SOL) Price Gearing Up For A Run To All Time Highs, Here’s Why

Solana (SOL), the native token on the popular proof-of-stake (PoS) blockchain, became the sixth-largest cryptocurrency by market capitalization following a stellar rally over  the past week. The token jumped two spots in the list on Thursday, overtaking Ripple (XRP) and Cardano (ADA) while also avoiding broader weakness in the crypto market.
SOL jumped nearly 17% over the past seven days and was last trading around $120, its highest level since late-November. The token also rose 0.4% in the past 24 hours, while the broader crypto market fell around 5%.
The token surged through the second half of March, recovering sharply from a seven month low hit in the middle of the month. It had earlier this week overtaken Terra (LUNA) to take the no. 8 spot in the top 10 cryptocurrencies.
SOL sees bullish indicators as mid-March recovery extends
Popular twitter analyst @SmartContracter noted that SOL had shown a bullish morningstar pattern for March, indicating that it was set to recover further after losses earlier in the month. The token is up nearly 33% from its March lows of around $81.
 
Source: @SmartContracter
@SmartContracter also noted that SOL’s Bitcoin (BTC) pair exhibited a “clear” ABC pattern, showing that the token was poised for more gains.
Institutional interest, videogame hopes boost Solana
SOL benefited from a slew of positive news through March. Last week, digital asset manager CoinShares, and world no. 3 crypto exchange FTX jointly launched an exchange-traded-product that offers SOL staking rewards without directly buying the token. The product is geared chiefly towards institutional investors, and is expected to draw a large amount of capital to SOL.
The token also makes up nearly a quarter of the weightage in a recently launched smart contracts  fund by digital assets manager Grayscale. Large-scale trading by investment houses is credited with spurring a massive crypto rally in 2021, and as such, is usually a bullish indicator.
Krafton, developer of the wildly popular PUBG videogame, partnered with Solana Labs last week to develop blockchain games, drawing more attention to the token.
Ethereum’s planned shift to a PoS model has also spurred interest in other projects in the space. After recent gains, SOL is the second-largest player in the space.
 
The post Solana (SOL) Rallies To Become Sixth-Largest Cryptocurrency, Here’s Why appeared first on CoinGape.


Solana (SOL), the native token on the popular proof-of-stake (PoS) blockchain, became the sixth-largest cryptocurrency by market capitalization following a stellar rally over  the past week. The token jumped two spots in the list on Thursday, overtaking Ripple (XRP) and Cardano (ADA) while also a...

Stellar price	$0.133705
Low - High 24H	$0.127362 - $0.133567
Market cap	$3.32B
Volume 24H	$139.19M
All time high	$0.875563 -84.76% January 3rd 2018
All time low	$0.000476 27929.98% March 5th 2015
Genesis date	N/A

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