Binance has added more assets to its Smart Arbitrage program. This allows users to participate with a minimum investment of 12.5 USDT. To further encourage the adoption of this new feature, Binance is launching a promotional campaign.
The promotion is tied to the feature in which users stand to receive up to 45,000 USDT. Users holding Smart Arbitrage for over 72 hours during the promotion period will receive a 10% bonus APR for the first 1-2,500 USDT subscriptions, provided with 30,000 USDT.
Smart Arbitrage aims to generate structured arbitrage, offering clients the means to profit from the differences in the market.
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Binance believes these rewards would enhance the use and adoption of Smart Arbitrage, which is an investment product targeting persons interested in profitability in the highly unpredictable market.
Are DOGE and XRP Set for a Continued Rally?
In the recent past, Dogecoin has been trading within a bullish pattern, with the price going up to about $0.19953.
This rise comes after recent happenings in the market such as the election of Donald Trump, which boosted the morale of cryptocurrency investors.
Yesterday, DOGE faced resistance at $0.20. The price fell by 2.19%, which was a short-term market correction within the bullish trend.
Furthermore, experts have predicted that if Dogecoin reclaims the $0.20 level of resistance, the bullish trend will continue.
From the momentum observed for the current week, one is able to deduce increasing demand and good accumulation.
Still, any significant rally might call for increased attention and possibly additional external market influences. The overall crypto market has also experienced higher fluctuations following the U.S. election outcome with Dogecoin among the notable gainers.
XRP Eyes $1 Amid Regulatory Optimism Following Trump’s Win
XRP has also been under the scrutiny of market analysts. They see it may hit the $1 mark in the near future. XRP is trading at $0.5508 after bouncing back from the support level of $0.4917 proposing a buying signal for the time being.
However, XRP has seen its value drop due to Ripple’s continuous legal battle with the SEC and Trump’s election win triggered speculations of a probable change of regulation.
Earlier on, Ripple CEO Brad Garlinghouse took to X (formerly Twitter) to call on Trump’s stance on appointing a new SEC chair as soon as he assumed the presidency through X (Twitter). Trump, who had said before the election that he would nominate a new SEC chairman.
.@realDonaldTrump, Congratulations!
Some fodder for your first 100-day checklist to get things moving:
– Fire Gensler. Day 1, no delays.
– In his place, appoint Giancarlo, Brooks, or Gallagher – they’d be massive upgrades in rebuilding the rule of law (and reputation) at the…— Brad Garlinghouse (@bgarlinghouse) November 6, 2024
Garlinghouse asserted the simple change in leadership in the SEC may be enough to help clarify the status of XRP, something that may be enough to push its price up to $1.
Many in the XRP community are hopeful that regulatory clarity could remove longstanding obstacles to growth. Analysts believe that if Trump follows through on his SEC reform plans, XRP’s value could experience significant upward momentum.
However, until further regulatory developments unfold, XRP’s price remains sensitive to news, with key support and resistance levels guiding its near-term movements.
This has left many in the XRP community feeling optimistic that regulation may well eliminate historical barriers to expansion. Experts opine that should Trump act on the upcoming SEC reformation, the value of XRP will compete for the highest gains in the market.
Until further regulatory developments unfold, XRP’s price remains sensitive to news, with key support and resistance levels guiding its near-term movements.
Investors Anticipate Potential Gains
Currently, investors are focusing on DOGE and XRP to determine if they will be able to overcome their resistance levels as Trump prepares to enter the presidency.
Continued regulatory changes along with Binance’s incentives may offer more support to both assets in the future. Market participants expect new information regarding the future action plan of the SEC for favorable decisions that may affect the price of XRP.
