TL;DR:
- Crypto markets show varied results when it comes to token recovery
- Bitcoin (BTC) recovered the $58,000 range as accumulation begins again
- Binance Coin (BNB) is stuck in a lower range on decreased network users
- Clandeno (CLD) mixes growth potential with passive income opportunities
Crypto Markets Show Varied Strength in Making a Recovery
Crypto markets showed variability in the strength of recoveries. Bitcoin (BTC) moved in a range close to $58,000. Binance Coin (BNB) lost its importance as focus shifted to other networks, and for now fails to recover to $600. With blue chip coins and tokens already burdened by multiple bearish narratives, investors are eyeing the Clandeno (CLD) ICO for offering a new type of growth opportunity.
Bitcoin (BTC) Recovers Close to $58,000
Bitcoin (BTC) is still seen as capable of breaking out. For now, the leading coin still dominates 53.5% of the market and is still going through days of robust recoveries. Bitcoin (BTC) traded at $57,802.80, with weak weekend volumes.
The July correction is still having an effect, as the market absorbed active spot selling from the German government’s wallet. The consensus is that Bitcoin (BTC) is back to accumulation and may delay a breakout for the next few weeks.
Binance Coin (BNB) Takes a Step Back
Binance Coin (BNB) is reflecting the slightly lower usage of Binance Smart Chain (BNB). The Binance exchange also shifted its balance of trading pairs for more secure stablecoins. Binance Coin (BNB) traded at $532.99, as it took a step back from other leaders in decentralized finance. During the 2024 bull market, Binance Coin (BNB) lost the hype from gaming and NFT launches.
Lending grew more on Ethereum (ETH), while meme token operators preferred to skip Binance Smart Chain. Binance Coin (BNB) is still used for its staking potential for passive income, but investors are also looking at Clandeno (CLD) as offering a similar, but potentially better deal.
Clandeno (CLD) Launches ICO to Disrupt e-Commerce
Clandeno (CLD) is an upcoming presale-stage ICO, with the goal of tokenizing an innovative e-commerce platform. The Clandeno (CLD) platform offers a mix of short-term growth for its native token with long-term opportunities to share in the platform’s revenues.
Clandeno (CLD) will only ever mint 525M tokens to be used as incentives on the platform. Of those, 365M were set aside for the ICO stage, to reach the widest possible community. The Clandeno (CLD) platform will carry multiple offers, ranging from clothing brands to real estate and vehicles. The 5% fee on all trades and transfers will be shared with Clandeno (CLD) holders.
To find out more about the Clandeno presale, visit their website here.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
