Ethereum ETF could hit $10B inflow post launch says Analyst


Tom Dunleavy, a managing partner at crypto investment firm MV Global believes ETH’s spot price will respond positively to ETF inflows than BTC’s, says crypto.

“We saw $15 billion in flows for Bitcoin. I think we’re probably going to see $5 billion to $10 billion for Ethereum,” Dunleavy said. “I expect a very positive price impact sending us to new all-time highs by early Q4.”

Eight spot Ether ETFs are still awaiting a final approval from United States regulators and are expected to begin trading immediately. Approvals are widely expected to happen between July and September.


Why does it matter? Investors and analysts believe that Ethereum spot etf trading approval on the United States market can potentially record more success than Bitcoin spot etf.

Bank of Italy to release crypto rules in the coming days 


The governor of the apex bank of Italy shares how the country should apply the EU’s MiCA crypto laws. 

Bank of Italy Governor Fabio Panetta said on Tuesday, July 9 that the MiCA rule has two primary requirements to meet for a token to be used in payments. The two categories include; 

An EMT’s value is linked to a single official currency such as a United States dollar-backed stablecoin. An ART’s value is pegged to one or more assets, such as the gold-backed token Tether Gold.


A decree showed its plans on fines range from 5,000 euros ($5,400) to 5 million euros ($5.4 million) for market manipulation and insider trading violations.

Why does it matter? MiCA rules are now being adopted by European regions and you should know what it entails in your country to stay compliant. 

Germany's Bitcoin selling spree could be over soon 

After yesterday's transactions, the wallets holding Bitcoins linked to the German government held only 4,925 BTC worth $285 million at current prices. 

The German government held 50,000 BTC worth nearly $3 billion before they began selling it off  three weeks ago when they started selling. So far, roughly 30,000 Bitcoins worth over $2.5B have been sold at the open market.

Why does it matter? Investors’ fears about this negatively impacting Bitcoin prices will subside and possibly see Bitcoin have an upward trend.

Tokenized treasuries are growing faster than stablecoins.

Securitize CEO Carlos Domingo says that tokenized treasury bills are growing way faster than stablecoins. 

Domingo thinks BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity) Fund which has crossed $500M in tokenized money market funds will potentially hit its next $500 million milestone in just a few months.

Currently, the total value of the tokenized treasuries market, which includes BUIDL, sits at $1.85 billion according to rwa.xyz onchain data. BUIDL has $523M while Ondo Finance, the second largest tokenized treasuries has $496.2M in funds.

Domingo believes that the tokenized treasury market can achieve 10% to 20% of the stablecoins $160B market capitalization. 

Why does it matter? Tokenization is a new money market in crypto that can potentially impact market performance. As a trader, you should stay updated and know about this new instrument. 

The new Bitcoin buyer in town, Metaplanet makes Bitcoin a reserve asset 

Tokyo-listed Metaplanet has adopted Bitcoin (BTC) as a strategic reserve asset. The Japanese Microstrategy is buying Bitcoin as a hedge against Japan's debt burden and the resulting volatility in Yen.

Following the strategy pursued by the U.S.-listed MicroStrategy (MSTR), Metaplanet has acquired 203.7 BTC worth $11.6 million per Bitcointreasuries.net

The Japanese firm started its acquisition on April 23, 2024, acquiring 97.85 Bitcoins. Metaplanet has now acquired a total of 203.7 BTC in 5 different purchases as of the last purchase on July 8, 2024.


Why does it matter? The new Bitcoin acquisitions from a new player in the Asian market suggests an increasing interest from the Asian companies.

This article gives the latest cryptocurrency industry news to 3Commas automated bot traders for the second week of July. All information is current as of July 12th, 2024.

3Commas Weekly Crypto Industry Updates July 12th, 2024

Ethereum spot ETF can be bigger than Bitcoin ETF tokenized treasury market

By 2023, the concept of staking has become an integral part of the cryptocurrency landscape. Staking essentially revolves around "securing" a certain amount of cryptocurrency within a blockchain project's wallet. This act aids in transaction validation, bolstering the security, consistency, and forward momentum of the project. In return for their commitment, stakers are rewarded with freshly minted cryptocurrency.

So, what does it mean to stake crypto coins in 2023? It represents a strategic investment in crypto coins to validate transactions on a Proof-of-Stake (PoS) blockchain. The PoS mechanism relies heavily on staking to authenticate transactions, fortifying the network's integrity and ensuring its seamless operation.

For a contemporary analogy, consider the traditional banking system. When customers deposit money in banks, they earn interest as banks utilize these funds to drive their business operations. Similarly, in the crypto realm, staking is akin to depositing coins into a blockchain project. The staked coins enhance the network's resilience, and in recognition of this contribution, stakers receive cryptocurrency, yielding a return on their initial investment.

Staking works by holding (locking) a native digital asset in the wallet of a Proof-of-State (PoS) blockchain network to support the network's operations. In staking, validators that lock up their digital assets are selected randomly by the protocol to create and approve blocks - verify transactions. Even though how nodes are chosen to validate blocks are random, investors who stake higher amounts are often chosen more frequently. 

Proof-of-Stake (PoS), an alternative to mining, is a consensus algorithm for blockchain platforms based on arbitrary validators among a pool of participants/users who stake the platform's coins by holding them in the wallet. PoS is proven to be an energy-efficient and eco-friendly alternative to Proof-of-Work (PoW), which relies on mining. Examples of cryptocurrencies that use PoS are NEO, Stellar, Algorand, etc. 

There are different ways investors are rewarded on blockchains. Every blockchain institutes a consensus protocol that determines how users/miners receive returns. For instance, Bitcoin & Litecoin use Proof-of-Work (PoW) for block mining. PoW is an energy-intensive mining process - it requires high-end computing power, and it consumes a lot of electricity. Considering the energy requirements, expensive hardware, and environmental impact, earning from the Bitcoin blockchain by staking Bitcoin is better than the present PoW consensus algorithm.

Staking Cryptocurrency in 2023: A Step-by-Step Guide

In 2023, with the ever-growing prominence of staking in the cryptocurrency ecosystem, engaging in the process has become more streamlined than ever. To begin staking, follow these steps:

Cryptocurrency Selection: Identify a cryptocurrency that supports staking.

Acquisition: Procure the desired amount of coins you intend to stake.

Wallet Staking: Utilize a dedicated wallet to initiate the staking process. By simply holding onto your coins within this wallet, rewards accrue over time.

It's a symbiotic relationship — while the blockchain leverages your staked coins to authenticate transactions and bolster its infrastructure, you, in turn, are compensated for your commitment. Many contemporary wallets, like the Trust Wallet, facilitate direct staking, making the process even more convenient. Additionally, numerous exchanges in 2023 have expanded their services to offer staking opportunities to their clientele, providing an added avenue for those keen on exploring this investment strategy.

Whether you are staking directly or through a third-party service, there is always a lockup period or vesting period. The lockup period is the time during which you can't withdraw your coins. So, before staking your funds in a project, study the terms and conditions properly.

However, it's possible to withdraw your coins before the end of the lockup period via a third-party service provider - more on this below. Be careful when considering this option; it may not work on every staking platform. Always do comprehensive research having "withdrawing through a third-party service" as a backup plan.

We have different types of staking based on how users choose to participate in staking. They include:

As the name implies, it's a form of staking where participants pool money together. Users choose to stake in a group to increase the possibilities of being chosen as block validators. The goal is to form an investment pool to have higher staking power.

As expected, rewards are shared among the group members. Every participant receives shares according to their contribution. Group staking is an easy way to break into staking. It enables users with little amounts to participate. Such decentralization gives new users or small participants a say in the system.

This form of staking is based on offering a service to cryptocurrency users to stake. Rewards come in the form of commissions charged. The returns fluctuate with respect to the percentage of commissions - typically, it's from 2% - 50%.

Some blockchains allow users to do cold staking, which involves staking cryptocurrency from a cold wallet. This refers to a hardware wallet that is not constantly connected to the internet. Cold staking enables users to leave their cryptocurrencies offline, which is considered safer. However, this method is best suited to participants with large portfolios for coins. Of course, you know, leaving huge funds online is risky.

There are some technical things to deal with before you can stake your coins on Proof-of-Stake blockchains. There are services that make breaking into staking an absolute breeze. Such services take care of the technical aspect, thereby enabling users to focus on other things. 

Initiating staking on some proof of stake projects is difficult and requires a level of technical skill to get started. However, it's good to note that some projects make staking easy with in-built staking features available in their wallets. Other PoS blockchains without a "click to start" button to initiate the process make contracting staking services necessary.

A good example of a staking service is Pool-X, which is a platform built by KuCoin. This platform simplifies everything and makes staking very easy. All you need to do is deposit your coins, stake them and relax while you enjoy the returns. This platform is "more" than a staking service. You can do more with it.

Pool-X offers a service that enables investors to exchange staked tokens for tokens that are not locked. The beauty of this service is that users can withdraw their tokens even when the lockup period has not elapsed. The flexibility is second to none.

Staking is a simple and effective way to earn rewards from PoS projects. This is unlike the PoW mining process that requires the use of expensive hardware and high energy consumption. The financial requirements of PoW mining make it a costly investment. Even though the machines are expensive, they get easily outdated or faulty, hence the need for replacement.

Easier to Start - Staking is Beginner-Friendly

Beginners find it easy to start making some coins via staking. Think of the PoW. It's capital intensive and takes a lot to begin with - not just money. But this is different in staking. Group staking enables new users and people with low capital to contribute funds for joint staking and get steady rewards even though their funds are small. The presence of third-party staking service providers further establishes that staking is not difficult to break into.

Staking coins in PoS projects is far less risky than buying equipment and paying high electricity bills to mine coins. What happens if the hardware breaks down or becomes outdated? Who bears the risk of the probability of not getting a significant return on investment? Those are the risks associated with the PoW mechanism. On the flip side, the coins you invest in staking can be withdrawn after the lockup period. The risk of losing funds is significantly lower in staking.

Unlike the PoW mechanism, where cryptocurrencies are earned via random processes with low probabilities, the PoS staking gives more predictable returns. The chances of receiving rewards are increased with the decentralized staking model.

Staking is more environment-friendly and energy-efficient. The crypto world is faced with the responsibility to transit entirely to eco-friendly processes. This was made clear by the recent development in the crypto market. The billionaire crypto enthusiasts, Elon Musk, announced that his company, Tesla, would not accept payment in Bitcoin anymore.

"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel...we intend to use it (Bitcoin) for transactions as soon as mining transitions to more sustainable energy..."

Staking is a great way to earn incentive from cryptocurrency projects; however, it's not devoid of downsides:

Staking platforms and exchanges don't pay highly; hence the earnings are very low compared to the rewards you can get from mining.

Leaving funds locked up in online wallets increases the risks of the wallet being hacked. Another part of staking that does not sound good is that by staking coins in a blockchain project (directly or indirectly), you put your funds in the hands of people you don't know. Anything could happen. That's risky!

What happens if the value of your coins crashes while they are still locked? Adverse market movement is one of the factors that make the staking process risky. Investors, therefore, should meticulously select the assets they stake. Choosing assets based on APY is not the best because a negative price movement could cancel any potential gains. 

The lockup periods can be detrimental. Not being able to access staked assets can affect your overall returns since your withdrawal is not possible if the asset's value is dropping. It's advisable to choose platforms without staking periods or look out for third-party services that exchange unlocked coins for locked assets.

Some PoS platforms pay rewards at long intervals. Consequently, investors have to wait to receive their returns. Platforms that payouts frequently are better. With the latter, you can reinvest your rewards and earn more. To avoid having to wait for long before receiving rewards, stake only with platforms that frequently pay - preferably daily.

Texos is a multi-purpose blockchain project that is based on the PoS protocol. This cryptocurrency is suitable for investors who can delegate their tokens to a validator for securing the network. As noted earlier, investors earn passive income.

This platform enables "stakers" to invest via a master node. 1000 DASH is the least precondition to operate a master node.

Neo is a blockchain project with the vision of creating a blockchain-based smart economy. Neo is an open-source project with another coin called GAS. GAS can be staked within the NEO Proof-of-Stake wallet for returns.

You can buy and stake this cryptocurrency on Binance. Binance shows all the basic information you need to know, ranging from returnability (percentage return per year) and the minimum amount you must have to start staking. You can also buy it from other exchange platforms.

This coin is rated as one of the most profitable staking platforms. Binance gives high returnability on TRX per year. Best of all, the minimum investment is affordable - you need at least 5 TRX to begin.

This is a fast and efficient platform. It's used for the development of DeFi applications. You need a minimum of 10XLM to start staking. From 2%-4% annual returns are feasible.

Note: The crypto world is an ever-evolving industry. Information provided about the PoS platforms above is subject to change.

High-quality research precedes successful investment. Before you set out to invest in any project, do a comprehensive research; make sure you understand the basic rules of staking of a project, ranging from lockup period, percentage return, to associated fees and how to secure the funds in a staking wallet. Checking up the history of staking platforms of interest will save you from grave mistakes.

The crypto "cemetery" is full of "dead" blockchain projects. The easiest way to lose your funds is to stake in every cryptocurrency you find out there. Be careful! Don't be carried away by the promise of high returns.

Staking is a proven way to earn from blockchain projects. However, like every investment, there are risks involved. Make sure you have an in-depth understanding of how things work before staking your hard-earned funds. Remember, the journey of a successful investment starts with exhaustive research. Good luck!

Staking is the act of investing crypto coins for transaction validation on a PoS blockchain. Stakers earn newly issued cryptocurrency as a reward

What Is Staking? | 3Commas Blog

How to get started with Binance Smart Chain (BSC)

The first thing you need is a wallet. You have plenty of wallets to choose from, but how do you transfer funds to the chain? You can transfer them from a Binance account or via the Binance Bridge. The last step is choosing a project to participate in. You can see a shortlist to get started with BSC below.

Choose and create a wallet. MetaMask, TrustWallet, or Binance Chain Wallet are great options to start.

Top up your wallet. You can withdraw BSC coin Binance from the exchange or transfer using Binance Bridge. 

Select one or more DApps available on BSC. For example, PancakeSwap or Venus. 

Let’s talk about the general steps and discuss specific steps in detail.

To start using DeFi on Binance Smart Chain, you need to buy a cryptocurrency and transfer it to your crypto wallet. To do this, you can register on the Binance exchange. You have to purchase crypto to move it to your wallet in Binance Smart Chain.

On Binance, you can buy cryptocurrency with a bank card through P2P trading or C2C trading. Purchase Windowolutely safe and takes no more than 5 minutes, the commission in P2P  —  no more than 1%, in C2C  —  3.8%.

Starting with a Smartphone / Mobile Phone 

If you use a phone, the most convenient way for you to start is the Trust Wallet. This is the official product of Binance Crypto Exchange. To take advantage of the Binance Smart Chain, you will need to activate your DApp browser in the Trust Wallet app.  

Open the Safari browser on your phone or tablet

In the window that appears that says: "Open a window in Trust?" click on the "open" button.

Note: Make sure there are no open tabs in your Safari browser when you enter the URL to see the window that appears. Once you covered the step, the DApp browser is enabled in Trust Wallet on your iOS device.

If you're reading from a Windows computer, install the Binance Smart Chain Wallet browser extension. This is an official Binance product. If you're reading from a computer on iOS, you'll also need to unlock the DApp browser after running Trust Wallet.

You can also use one of the many other wallets available on the platform—for example, Metamask in the Chrome browser. In addition to the wallets mentioned below, you can also use Math Wallet, Ledger, TokenPocket, Bitkeep, ONTO, SafePal, and Arkane.

To interact with BSC, you need a wallet where you can store crypto assets. Binance Smart Chain offers a wide range of wallets that are available to users. Below is a brief description of the famous wallets.

MetaMask is a popular web browser extension that acts as a wallet and an interface for many dApps.

To get started, you need to install the MetaMask extension in your web browser. The application supports Chrome, Firefox, Opera, or Brave. Let's consider the Chrome browser as an example.

To install, go to Metamask.io and select "Get Chrome Plugin" (get Chrome extension)

In the pop-up installation prompt, confirm that you want to add the extension. Once the MetaMask download is complete, a small fox logo will appear in the upper right corner of your Chrome browser 

Accept the privacy terms by clicking the accept button 

Click the MetaMask logo to start using the browser wallet

You can see your extensions in Chrome by clicking Window > Extensions in the navigation bar at the top of the screen in Chrome. The feature will enable and disable MetaMask.

The Trust Wallet app allows you to work with virtual assets anonymously; you don't have to share any data with anyone. Download the wallet from Google Play or App Store on your cell phone or tablet, wait for the installation to complete, and proceed to create a new wallet.

Some DApps, such as PancakeSwap, support Trust Wallet. Trust Wallet is one of the easiest wallets to use. If you need fast, easy, and convenient access to BSC, then you should take a look at this wallet.

An equally popular way to access the BSC app is the Binance Chain Wallet. You don't even need to download the app to use it. All you have to do is install an extension in the browser you use. Binance Chain Wallet supports popular browsers like Chrome, Firefox, and so on.

Once you have installed the extension, click on "I do not own a wallet" and set a strong password to continue. Then back up your recovery phrase. 

If you already have an account on the Binance platform, transferring funds won't be a hassle. You need a few clicks to transfer funds from your Binance account to your wallet. 

Many exchanges support BEP-20 to BEP-compatible wallets transfers. Withdrawing BEP-20 tokens directly, you save time and money (commission costs) by skipping the step of converting tokens to BEP-20.

To get started, go to your wallet that supports Binance Smart Chain Coin and find out the recipient's address. 

Before you start, you must go to your Trust Wallet (or any other BSC-enabled wallet) and find out the recipient's BSC address. It is very simple: just open your wallet, select Smart Chain and click the "Get" button. The address will appear on the screen. Save it, as you will need it.

Log in to your Binance.com account. In the upper right corner, select "Wallet" and click "Browse".

On the wallet page in the upper right corner, click "Withdraw."

After going to the withdrawal menu, select the coin you want to withdraw, enter the withdrawal address (obtained in Trust Wallet), select Binance Smart Chain as the transfer network, and enter the amount you want to withdraw.

After selecting Binance Smart Chain as your transfer network, a pop-up window will appear. It’s necessary to confirm your knowledge of BSC and that you understand what you are doing. After passing the test, click "Submit."

The next steps are the same as for any other output. A confirmation screen will appear showing: conversion rate, commission amount, and transaction details.

After confirmation, you will be asked to enter the verification code to confirm the withdrawal.

Your transaction will be processed shortly. The funds should appear in your Trust Wallet (under Smart Chain) within a few minutes after you receive the withdrawal confirmation email. As soon as the funds arrive, Trust Wallet will send you a notification that your tokens have been successfully deposited.

By following these instructions, you avoid the need to convert BEP-2 tokens to BEP-20 and save time and commission costs. Once you receive the transfer in Trust Wallet, you can immediately interact with any DApp or project in BSC.

Another way to transfer assets to BSC is using Binance Bridge, which is a bridge service providing access to inter-blockchain liquidity for Binance Chain, Binance Smart Chain decentralized applications, it brings valuable assets to Binance Chain ecosystems. Bridge is a convenient way to transfer digital assets from various blockchains to Binance Smart Chain and Binance Chain (BUSD, USDT, and ETH) Service providing access to liquidity between blockchains.

You can select native tokens from major blockchains like Ethereum or TRON and convert them to wrapped tokens on BSC. The bridge works in both directions. You can track the reserve in the chain, which ensures that wrapped tokens in BSC are sufficiently backed by native tokens, on the Proof of Assets page.

The Binance Smart Chain ecosystem supports two token types: the BEP-20 variant, which is native to this blockchain, and Ethereum's ERC-721 variant.

For BEP-20 tokens, users can track the top tokens, prices, volume, market cap, number of holders, and whether the asset is crlity to transfer value between multiple blockchains is gaining momentum every quarter, as blockchains interoperability is one of the problems that third-generation blockchains are tackling.

The reason to support ERC-721 is that several of these tokens are cross-chain compatible. Additionally, some projects may issue half of their tokens on one chain and half on a different ecosystem. Over 5,200 ERC-721 token contracts can be tracked on BscScan, creating a rather intriguing scenario. Here is the list of some popular coins you can use within BSC.

Binance Coin (BNB) is the native token on Binance Chain and Binance Smart Chain. 

PancakeSwap (CAKE) is the leading decentralized exchange (DEX) on Binance Smart Chain. 

Bitcoin BEP-20 (BTCB) is tokenized bitcoin on Binance Smart Chain. 

Binance USD (BUSD) is a stablecoin on Binance Smart Chain pegged to the value of $1. 

C.R.E.A.M (CRM) is a decentralized finance application that allows users to lend and borrow digital assets using their cryptocurrency as collateral.

So, you have a wallet, and you have transferred funds to it. What can you do with the magic internet money? Let's take a look at some of the most popular decentralized applications on the BSC network.

Don't forget that these are just a few of the many apps out there. And there are more and more of these promising new apps every day. 

PancakeSwap is the number one automatic market maker (AMM) in the Binance Smart Chain. Like Uniswap and SushiSwap, you can exchange BEP-20 tokens in PancakeSwap.

You can also earn passive income by being a liquidity provider for one or more liquidity pools. When contributing funds, don't forget about impermanent losses. If you want to know what impermanent losses are, make sure to read our detailed guide.

AMM is the backbone of PancakeSwap, but that's not all the features of the app. Among other things, you can also participate in raffles and tokensales, win NFTs, compete for spots on the leaderboard  —  and more!

To understand PancakeSwap features better, you can check a fully-fledged article about the project.

The Venus decentralized money market allows users to borrow and lend BEP-20 tokens. Since Venus resembles the open-source DeFi protocol Aave or the algorithmic, autonomous interest rate protocol called Compound, you can enjoy an independent interest rate every time. 

If you have spare cash, you can use Venus to earn interest or as collateral to participate in yield farming. Venus can be used to make interest or as collateral for a loan to participate in income farming.

In addition, a decentralized VAI Stablecoin is available on Venus, which is backed by a basket of crypto assets. Thus, Venus is an application that combines the capabilities of Compound and MakerDAO in the BSC network.

Both projects are relatively small yet have great potential.

Autofarm is a yield aggregator in Binance Smart Chain. It’s a kind of analog of Yearn in Ethereum. It automatically seeks the best way to get a return on your investment.

Spartan Protocol is a synthetic asset protocol in Binance Smart Chain. Like many other AMMs, it allows you to create liquidity pools for BEP-20 tokens. At the same time, the Spartan Protocol opens up broader possibilities  —  such as creating synthetic assets backed by liquidity pools and lending and on-chain derivatives.

C.R.E.A.M is simplified from Crypto Rules Everything Around Me, a popular lending protocol in Ethereum ported to BSC. 

Cream Finance is a decentralized lending/borrowing protocol for individuals, institutions, and access to financial services. Being part of the YearnFinance ecosystem, it's an open-source blockchain protocol, serving users on Ethereum, Binance Smart Chain, Polygon, and Fantom. Users passively holding ETH or wBTC can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account.

Another major DEX based on Binance Smart Chain. Investors use the BakerySwap platform to create their own NFTs, steaking, and farming. The main advantages users get are plenty of investment opportunities, great potential NFT projects, and a community of like-minded people.

The fabulous thing about BakerySwap is the BAKE token release system. Only four tokens per block are issued every 3 minutes every day. This explains their low Annual Percentage Yield (APY). Moreover, the BakerySwap BAKE token is deflationary (the purchasing power of the token increases). Perhaps, that’s why many experts say that BAKE is one of the most exciting assets in the foreseeable future. 

Another advantage is that BakeSwap has the largest NFT market in the Binance network. Its trading platform grows markedly, and some of its NFTs are selling for over 10,000 BAKE.

BakerySwap has made all of its promises real. Including the NFT marketplace, Dogecoin staking, the BAKE price increase, the addition of pools with a weekly cadence, the creation of a play zone, and the transition to Ethereum blockchain.

The key features of the project are the following:

A large marketplace for interaction with NFT projects

Gamification: Combos (Higher Rewards for Bakery Swap).

Creating NFTs: Possibility to create your own NFTs 

Many traders ask where to buy BSC crypto. You can buy BEP-20 standard coins on any exchange and then transfer them to BSC using Binance Bridge or a wallet. Alternatively, you can create some BSC tokens.

Almost anyone can master algorithms to create their own tokens on BSC blockchain. Binance Smart Chain allows the creation of BEP-20 tokens by ordinary users who are a little familiar with programming.

To create a BEP-20, you must first connect the Metamask extension to the Binance Smart Chain platform. After entering the basic data for the future token (network name, RPC URL, ChainID) you need to open remix.ethereum.org. In parallel, you need to launch the OpenZeppelin contracts tab on the GitHub platform. Then you have to move on to writing the code to create a smart contract.

The BEP-20 token will be ready to use once the contract is deployed. This procedure is paid for with Binance Chain (BNB) coins. Before deployment, you must compile the code. Check if the version of the compiler matches the version of Solidity specified in the code.

Token deployment steps (if using the Metamask extension):

Open the Environment tab on Injected web3. Find the SampleBEP20Token contract in the "Contract" drop-down menu.

In the new window, click "Confirm" to deploy the token.

You can deploy any number of tokens using the method. To transfer created BEP-20s from one wallet to another, you can use the Transfer tab.

Getting started with Binance Smart Chain (BSC) involves several steps. First, you need to select and create a BSC wallet. Popular choices include MetaMask, TrustWallet, and Binance Chain Wallet. Afterward, you must fund your wallet, which can be done by transferring BSC coins from a Binance account or via the Binance Bridge. Finally, you can explore and engage with various decentralized applications (DApps) on the BSC network, such as PancakeSwap and Venus.

To purchase cryptocurrency for your BSC wallet, you can register on the Binance exchange and buy crypto through P2P or C2C trading. The process is quick, safe, and cost-effective, with P2P trading typically incurring a 1% fee and C2C trading at 3.8%.

For mobile users, Trust Wallet is recommended, while desktop users can install the Binance Smart Chain Wallet browser extension. Additionally, other wallets like Metamask, Math Wallet, Ledger, and more are compatible with BSC.

BSC offers various wallets to store crypto assets, with MetaMask being a popular web browser extension acting as both a wallet and DApp interface. Trust Wallet, designed for anonymity and ease of use, is another excellent choice. Binance Chain Wallet, accessible via a browser extension, is equally user-friendly.

Transferring funds from your Binance account to your BSC wallet is straightforward and minimizes conversion costs. You need to find the recipient's BSC address in your wallet and initiate the transfer on Binance.com, specifying Binance Smart Chain as the transfer network.

Binance Bridge offers an alternative way to transfer assets to BSC, providing access to inter-blockchain liquidity and allowing you to convert native tokens from blockchains like Ethereum to wrapped tokens on BSC.

BSC supports two token types: BEP-20 and ERC-721. BEP-20 tokens are native to BSC, while ERC-721 tokens are cross-chain compatible. Some popular tokens within BSC include Binance Coin (BNB), PancakeSwap (CAKE), Bitcoin BEP-20 (BTCB), Binance USD (BUSD), and C.R.E.A.M (CRM).

BSC hosts a range of DApps, with PancakeSwap being a leading automatic market maker (AMM) where you can exchange BEP-20 tokens and participate in various activities. Venus offers decentralized lending and borrowing of BEP-20 tokens with independent interest rates. Autofarm and Spartan Protocol are emerging yield aggregator and synthetic asset projects, respectively. C.R.E.A.M is a decentralized lending protocol, while BakerySwap is a major DEX with a growing NFT marketplace.

Creating your own BSC token is also possible, with users able to create BEP-20 tokens on the BSC blockchain. This process involves connecting MetaMask, writing code for a smart contract, deploying it, and compiling the code using BNB coins.

To stay updated on BSC metrics and DeFi projects, platforms like BSCscan.com offer valuable information and news related to yield farming and other key figures in the DeFi space.

As of 2024, getting started with Binance Smart Chain (BSC) remains a straightforward process. Users can choose from various wallets like MetaMask, Trust Wallet, or Binance Chain Wallet to create a BSC wallet. Funding this wallet can be achieved by transferring BSC coins from a Binance account or using Binance Bridge to convert native tokens from other blockchains to wrapped tokens on BSC.

Purchasing cryptocurrency for your BSC wallet can be done through P2P or C2C trading on the Binance exchange. Mobile users can opt for Trust Wallet, while desktop users can install the Binance Smart Chain Wallet browser extension. Additionally, other compatible wallets like Metamask and Ledger are available.

BSC supports both BEP-20 and ERC-721 token types, with popular tokens including Binance Coin (BNB), PancakeSwap (CAKE), and Bitcoin BEP-20 (BTCB). DApps like PancakeSwap, Venus, Autofarm, Spartan Protocol, C.R.E.A.M, and BakerySwap offer various functionalities and investment opportunities within the BSC ecosystem.

For those interested in creating their own tokens on BSC, the process involves connecting MetaMask, writing code for a smart contract, deploying it, and compiling the code using BNB coins. To stay informed about BSC metrics and DeFi projects, platforms like BSCscan.com provide valuable insights and news updates.

Overall, BSC continues to be a vibrant and accessible blockchain ecosystem, offering a wide range of opportunities for users to engage with DeFi projects and cryptocurrencies.

This article details how you can use the Binance Smart Chain in 2024 to accomplish multiple goals.

How to Get Started with Binance Smart Chain (BSC) in 2024

Despite beginning as a joke, Dogecoin has become one of the world's most popular cryptocurrencies in 2024, and many traders are curious to know if you can day trade Dogecoin. If you want to know how to day trade Dogecoin, you will need the services of brokers. Brokers are online marketplaces where you may purchase and day trade Dogecoin. Cryptocurrency brokers provide coins at a predetermined price, allowing you to purchase or sell them quickly. 

When a user issues a buy or sell order, the broker takes the other side of the trade, and the transaction is completed instantly. You can day trade Dogecoin on Coinbase, eToro, Binance, KuCoin, Crypto.com, and others. This article will walk you through the best places to purchase. We will examine the Dogecoin project, if it is possible to day trade Dogecoin, and give expert analysis of Dogecoin price prediction. Hence, you should keep reading if you are currently looking for a popular crypto project to invest or if you can day trade Dogecoin 

Like any other asset, Dogecoin day trade is possible, but you must know the background of the crypto. The market values assets' prices based on supply and demand. Given the large and ever-growing supply, demand has had to skyrocket to drive prices as high as they have recently.

That happened in the first months of 2021, when prices skyrocketed by around 7,000 percent, thanks to retail investors on Reddit (including the Wallstreetbets subreddit that sparked the "meme stock" craze) working together to push prices up, the broader crypto boom, and months of seemingly tongue-in-cheek tweets by Tesla founder Elon Musk, punctuated by his appearance on Saturday Night Live in May 2021.

DOGE remains a highly volatile cryptocurrency, and there is no assurance that it will rise or fall in value in the future, or if Dogecoin counts as a day trade. When an asset significantly increases, FOMO (or "fear of missing out") attracts new traders. Fast-rising DOGE prices in 2021 drew significant media attention (as well as social media posts), creating a loop that attracted new investors and raised prices for a period. Many crypto enthusiasts believes you can day trade dogecoin, however, trading crypto is  not an easy feat as it needs expertise and good risk management. Volatility is a friend of a day trader but if mismanaged could also be the cause of a big loss.

In 2013, Dogecoin (DOGE) was founded as a fun alternative to existing cryptocurrencies like Bitcoin. Unlike Bitcoin, which was supposed to be limited, Dogecoin is designed to be numerous, with 10,000 new coins being mined every minute and no cap on supply. A meme inspired the name and Shiba Inu logo.

For most of its history, Dogecoin was seen as a funny "meme coin" treasured by its community — but with no monetary worth. That changed in 2021: as of April, Dogecoin was one of the top ten cryptocurrencies by market cap, with a total value of more than $50 billion, although each coin is worth pennies.

Doge is the cryptocurrency of dogecoin, a joke use cryptocurrency based on a Shiba Inu dog viral internet meme. The cryptocurrency is simply a direct clone of Litecoin's code and, like all other digital assets, can be used to transfer value over the internet. Initially, the cryptocurrency project was designed solely to ridicule other cryptocurrency initiatives being introduced at the time.

Doge was never intended to have any real-world utility beyond being a simple blockchain-based payment system, yet, it swiftly gathered a devoted fan following that discovered and built new applications. These included a third-party online tipping service, which led to doge becoming a major tipping coin on the social media platform Reddit and using dogecoin to fund humanitarian causes.

Historically, from December 2013 to December 2020, the price of Dogecoin remained very stable. Dogecoin momentarily reached a price of $0.0000869 on May 6, 2015, its lowest since its inception. Dogecoin's price momentarily increased in early 2018. It eventually followed the same fate as other cryptos as the crypto market plummeted following the bitcoin meltdown (also known as the 2018 cryptocurrency crash).

If you are interested in trading Dogecoin, the current price is $0.07868, with a 24-hour trading volume of $261,366.579. Dogecoin now has a market capitalization of $10,9567,052. Where to buy Dogecoin, the best cryptocurrency exchanges for trading Dogecoin stock are Binance, BTCEX, MEXC, Deepcoin, and others.

Dogecoin (DOGE) has returned up to 3,200% by January 6, 2022, while the price has dropped significantly owing to unfavorable market conditions. However, it may be the good investment required to generate enormous gains in your investment portfolio. This post will look in depth at why you should consider investing your hard-earned money in Dogecoin, the benefits and drawbacks, and crucial things to consider. Before investing in Dogecoin, you should research to learn about the digital asset, so you know what you're getting yourself into.

Investing in Dogecoin as a trader or investor without conducting fundamental or technical analysis raises your risk of incurring irreversible losses. To begin with, Dogecoin is not your typical cryptocurrency that adheres to investment rules. Instead, it provides something distinctive (its joke factor as a driver of its price). Several cryptocurrencies cannot say the same because they rely on adoptions, integrations, and technological advancement.

Dogecoin, unlike Ether (ETH), Tronix (TRX), or Cardano (ADA), which offer smart contracts, is a cryptocurrency that relies on its base layer to function as a transactional currency. This is because every investment is flawed. While this presents an excellent use opportunity, you must first understand what Dogecoin is, what it provides users, and what other potential signs to look for as a novice trader or investor.

There are various reasons why you should trade Dogecoin:

Doge's block generation time is only 6 minutes, making it an excellent choice for payments and transfers.

Doge has a very active web network. Therefore there are plenty of trading ideas and tools available.

Dogecoin, ranked in the top 50 cryptocurrencies, is a very popular cryptocurrency that can be exchanged on various platforms and exchanges.

Profit can be made by taking advantage of volatility. You can purchase DOGE after researching the coin and determining its future bullishness.

However, traders should be aware of the following dangers when trading Dogecoin:

There is no limit to the number of coins that can be minted. The Doge is extremely susceptible to inflation. This is in contrast to most other cryptocurrencies, which are deflationary.

Dogecoin's price is erratic and heavily influenced by personalities such as SpaceX CEO Elon Musk tweeting about the cryptocurrency. This means that the price only sometimes reflects the underlying value.

Doge has earned a lot of success through its branding and PR rather than through its technology, which isn't innovative and lacks development. Customer service and user instructions for Dogecoin are minimal.

Dogecoin is based on its playful nature rather than genuine innovation. Several financial news portals' investment headlines are overly focused on the meme currency's humorous nature rather than any breakthrough innovation.

Over-Reliance on Bitcoin Price Patterns DOGE has followed the price patterns of the parent cryptocurrency from its introduction as a crypto trading asset in January 2014. DOGE was founded to mock other cryptocurrencies such as Litecoin and Bitcoin. Dogecoin has rallied to fresh all-time highs alongside BTC, other cryptocurrencies, and Defi coins. If BTC has a bad season owing to tight regulation or a massive sell-off by long-term investors of the digital gold, DOGE may hit new highs.

Due to its recent price surge, many investors have taken an unexpected interest in Dogecoin. To that end, what do you think the value of Dogecoin will be in 2022, 2025, or 2030?

Dogecoin is valuable since it may be used to make online payments without incurring fees. Doge has a large and growing following on sites like Reddit, Discord, Quora, and YouTube; as a result, its popularity will be around for a while. In particular, the community is working toward one Dogecoin worth $1, or "getting Dogecoin to the moon."

Due to its many benefits, Dogecoin is an investment you should consider. Currently, Dogecoin (DOGE) is the fourth largest digital asset in the world, but its price is still significantly lower than that of its main market competitors. There are more popular forms of electronic payment for making purchases.

On the other hand, Dogecoin was expected to enter the mainstream in 2021 after forming fruitful agreements with COVCARE and the Dallas Mavericks. In addition, it has become more well-known thanks to its inclusion on eToro and Gemini (two of the largest cryptocurrency exchanges in the world).

Want to know how to day trade Dogecoin for maximum opportunities in 2024? Our guide will help you understand what day trading Dogecoin entails. Get expert insights on managing your Dogecoin portfolio, and learn how to navigate the fast-paced world of crypto trading like a pro.

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