Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Monero`s `Basing Pattern` Breakout Points to Price Gains Ahead

Privacy-focused digital assets might make some noise soon as their leader, monero (XMR), has broken out of a prolonged "basing pattern," signaling a bullish shift in momentum. For over two years, monero was locked in a basing pattern or low-volatility price consolidation between $100 to $200, marking a demand-supply equilibrium following the crash from the 2021 highs above $500. Prices now appear to have established a foothold above $200, which means the floating supply at bear market lows has been absorbed, and the path of least resistance is upwards, as followers of the Wyckoff analysis method would describe it. The next significant resistance level is at $287, the lower high reached in April 2022. A move back into the sideways channel would invalidate the bullish outlook. Bitcoin.com

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Binance Futures Announces Listing of This Altcoin with 75x Leverage!

Binance Futures has announced the launch of the VTHOUSDT Perpetual Contract with up to 75x leverage to expand trading options and enhance user experience. Binance Futures Launches VTHOUSDT Perpetual Contract with 75x Leverage The new trading product will go live on January 22, 2025 at 12:30. Key Features of VTHOUSDT Perpetual Contract Maximum Leverage: Traders can use leverage of up to 75x, allowing for greater exposure with less capital. Funding Rate: The maximum funding rate at launch is set at +2.00% / -2.00%. Funding Fee Settlement Frequency: Occurs every four hours. Multi-Asset Mode: Users can trade the contract using multiple collateral assets such as Bitcoin (BTC), providing greater flexibility in asset management. Binance emphasized its commitment to market stability by stating that contract features, including funding fees, confirmation size, maximum leverage, and margin requirements, can be adjusted according to market risk conditions. The launch of the VTHOUSDT Perpetual Contract is a significant step in the expansion of futures offerings on Binance. This contract caters to both speculative and hedging strategies by providing traders with the opportunity to access VeThor Token (VTHO) with high leverage. With its flexibility and strong risk management features, the new contract is expected to attract the attention of a wide range of investors, from retail investors to institutional participants. For more details, users are advised to visit Binance`s official website and review the specific terms of the VTHOUSDT Perpetual Contract. *This is not investment advice. Continue Reading: Binance Futures Announces Listing of This Altcoin with 75x Leverage! Bitcoin.com