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73% Of Europeans Stay Bullish On Crypto

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A recent survey conducted by Binance indicates a strong bullish sentiment on crypto among Europeans despite the recent market correction and volatility in the nascent industry.

The crypto market has recently witnessed a significant correction, following the lead of Bitcoin (BTC) and increased selling pressure since January 12. 

However, the market has shown signs of stability and recovery as the month draws to a close. 

European Crypto Adoption

The survey across France, Italy, Spain, and Sweden provides valuable insights into the European perspective on cryptocurrencies. 

Notably, 73% of European residents expressed optimism about the future of crypto assets. 

See Also: Binance And US SEC Legal Battle Intensifies Over Evidence And Witness Disputes

Among the respondents, 55% exclusively interact with digital assets, while 24% stated that more than half of their trading activities involve cryptocurrencies.

The survey also shed light on the primary drivers for mainstream adoption of cryptocurrencies in Europe. 

According to the respondents, high returns were cited by 20%, decentralization by 18%, and innovation by 17% as the key factors driving their interest in digital assets. 

The survey also revealed that many European participants actively use cryptocurrencies for everyday purchases. 

Approximately 55% of respondents reported using digital assets for daily transactions, with 10% making weekly crypto purchases. 

This highlights a gradual shift towards wider acceptance and adoption of cryptocurrencies as payment.

Binance Chief Marketing Officer (CMO) Rachel Conlan attributed Europe’s secure and harmonized regulatory framework as a crucial catalyst for the mainstream adoption of digital assets. 

The clear and consistent regulations provide a sense of security for investors and businesses alike, facilitating the growth and acceptance of cryptocurrencies in the region.

See Also: Binance.US Has Suspended Operations In Florida And Alaska

Binance Funding Controversy

Gaming platform SkyArk Chronicles recently announced the completion of a $15 million funding round, with Binance Labs leading the investment. 

However, the post on social media X (formerly Twitter) making the claim has since been deleted, and Binance has refuted its involvement in the funding round. 

According to Binance, it had only incubated and invested in the project through Incubation Season 3 in 2021 and did not participate in the project’s latest financing round. The company stated:

“SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 through Incubation Season 3; please note that Binance Labs did not participate in the project’s latest financing round this year. Thank you all for your attention.”

On January 26, SkyArk Chronicles launched a Genesis non-fungible token (NFT) sale, which generated significant interest, raising over 50,000 Ethereum (ETH).

However, according to recent reports, users expressed anger and disappointment following the conflicting funding information on the project’s Discord channel. 

Some users even demanded refunds due to the false financing claims made by the project.

The contradictory statements regarding SkyArk Chronicles’ funding have raised concerns among investors and users. Deleting the post and Binance’s denial have sparked doubts about the credibility and transparency of the project. 

See Also: BREAKING: Binance Will Delist These Spot Trading Pairs On January 26th

Investors, who may have made decisions based on the initial funding announcement, now question the project’s legitimacy and seek clarification.

As user frustration grew, the project team was pressured to address the situation. It remains to be seen how the team will respond to the refund requests and provide clarity regarding the funding discrepancy.





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Press Release

Avalanche (AVAX) Down More Than 3% Within 24 Hours

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Over the past 24 hours, the price of Avalanche (AVAX) has fallen 3.12% to $38.33. 

Avalanche Price Chart | Source: Coinstats

 

This is opposite to its positive trend over the past week where Avalanche (AVAX) has experienced a 1.0% gain, moving from $39.36 to its current price.

See Also: Honduras Financial Regulator, CNBS, Restricts Banks From Dealing In Cryptos

The chart below compares the price movement and volatility for Avalanche (AVAX) over the past 24 hours (left) to its price movement over the past week (right). 

Avalanche Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 42.0% over the past week along with the circulating supply of the coin, which has fallen 0.36%. 

Avalanche Circulating Supply and Trading Volume

 

This brings the circulating supply to 367.54 million, which makes up an estimated 51.05% of its max supply of 720.00 million. 

According to our data, the current market cap ranking for AVAX is #10 at $14.08 billion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Cryptocurrency NEAR Protocol Price Down More 3% 24 Hours

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The price of NEAR Protocol (NEAR) has decreased 3.27% over the past 24 hours to $3.37. 

NEAR Price Chart | Source: Coinstats

 

This is contrary to the coin’s performance over the past week where NEAR Protocol (NEAR) has experienced an up-trend of 5.0%, moving from $3.22 to its current price.

See Also: Price Analysis: Cryptocurrency Optimism (OP) Price Rises More Than 3% In 24 Hours

The chart below compares the price movement and volatility for NEAR Protocol (NEAR) over the past 24 hours (left) to its price movement over the past week (right). 

NEAR Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 11.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.15%. 

NEAR Circulating Supply and Trading Volume

 

This brings the circulating supply to 1.04 billion. 

According to our data, the current market cap ranking for NEAR is #35 at $3.51 billion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN



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Price Analysis: Cryptocurrency Bittensor (TAO) Decreases More Than 6% Within 24 Hours

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Over the past 24 hours, the price of Bittensor (TAO) has fallen 6.32% to $600.73. 

Bittensor Price Chart | Source: Coinstats

 

This is opposite to its positive trend over the past week where Bittensor (TAO) has experienced a 12.0% gain, moving from $538.34 to its current price.

See Also: Price Analysis: Cryptocurrency NEAR Protocol Price Down More Than 3% Within 24 Hours

The chart below compares the price movement and volatility for Bittensor (TAO) over the past 24 hours (left) to its price movement over the past week (right). 

Bittensor Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Bittensor’s trading volume has climbed 3.0% over the past week along with the circulating supply of the coin, which has increased 0.56%. 

Bittensor Circulating Supply and Trading Volume

 

This brings the circulating supply to 6.28 million, which makes up an estimated 29.91% of its max supply of 21.00 million. 

According to our data, the current market cap ranking for TAO is #32 at $3.77 billion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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