CryptoCurrency
MVRV Pricing Bands Suggest Ethereum Cycle Peak Is Still Ahead – Analyst Sets $7,000 Target
Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, raising concerns among investors. As the broader crypto market shows signs of strength, Ethereum’s underperformance has sparked fears that this cycle may not deliver the returns many expected from the leading altcoin. Sentiment in the market is shifting, with some questioning whether Ethereum can reclaim its former dominance amid fierce competition from emerging projects.
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However, a closer look at key metrics offers a more optimistic perspective. According to the MVRV Pricing Bands chart, Ethereum is still far from its previous all-time high (ATH). This metric, which evaluates the market value relative to realized value, suggests that ETH has significant room to grow in the coming months.
While the current price action may seem discouraging to some, historical data indicates that Ethereum often lags in the early stages of a bull market before catching up with explosive moves. For long-term investors, this could represent an opportunity rather than a setback, as Ethereum’s fundamentals remain strong and its ecosystem continues to expand. As the market anticipates the next phase of growth, all eyes are on Ethereum to see if it can reclaim its leadership role and deliver on its potential.
Ethereum Preparing To Surprise The Market
Ethereum has faced significant challenges over the past month, remaining in a downtrend since mid-December. The cryptocurrency has dropped as much as 29% in less than 30 days, testing the patience of investors as the broader market shows strength while ETH struggles to gain momentum. Trading below key supply levels, Ethereum’s performance has raised concerns about its ability to keep up with the overall crypto rally.
Despite the bleak sentiment, some analysts see Ethereum’s current situation as an opportunity rather than a setback. Top analyst Carl Runefelt recently shared insights on X, pointing to the MVRV Pricing Bands chart as a key indicator of Ethereum’s potential. According to Runefelt, ETH is far from its all-time high (ATH), suggesting significant room for growth. He confidently stated that a $7,000 price target for Ethereum is only a matter of time, given its long-term fundamentals and historical market cycles.
Runefelt also highlighted Ethereum’s readiness to change the bearish sentiment surrounding it. As the second-largest cryptocurrency by market cap, Ethereum’s extensive ecosystem and institutional adoption remain strong drivers for future growth.
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For investors with a long-term outlook, Ethereum’s current underperformance could represent a strategic entry point. With sentiment poised to shift and key metrics signaling room for growth, ETH has the potential to recover and reclaim its position as a market leader.
ETH Price Testing Key Demand
Ethereum (ETH) is currently trading at $3,302 following days of heightened volatility and sustained selling pressure. Despite the challenging market conditions, ETH has demonstrated resilience by holding above a key demand zone near the 200-day exponential moving average (EMA) at $3,127. This critical level has acted as a strong support, signaling that buyers remain active even amid market uncertainty.
For Ethereum to reclaim bullish momentum, the price needs to break above the $3,520 resistance level with conviction. This move would not only reinforce confidence among investors but also pave the way for further upside. Holding above $3,520 is essential for confirming a shift in market sentiment and establishing a foundation for a sustained rally.
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As ETH navigates these pivotal levels, traders are closely monitoring its ability to maintain support and generate upward momentum. A successful push above $3,520 could trigger increased buying activity, potentially setting the stage for Ethereum to resume its uptrend. However, failure to clear this resistance could lead to continued consolidation, delaying a potential recovery. For now, all eyes remain on Ethereum as it tests key technical levels in a bid to regain its position as a top-performing asset in the crypto market.
Featured image from Dall-E, chart from TradingView.
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
CryptoCurrency
Investment Firm Kingdom Holding Shuns Potential Crypto Investment Over Limited Utility: Reuters
Kingdom Holding, the investment firm of Saudi Arabian Prince Alwaleed Bin Talal, won’t invest in cryptocurrency in the near future because it has not been adopted as a payment method for goods and services, CEO Talal Ibrahim al-Maiman said, Reuters reported.
The prince, a senior member of the Saudi royal family is known for his Warren Buffett-style value investing approach and, like him, has consistently shunned crypto. The company’s estimated $13.6 billion in assets are held in a diversified portfolio that includes holdings in finance, hospitality, health care, media, technology and real estate companies.
“We support Mr. Buffet’s theory that you don’t buy with, don’t invest in, so as we cannot buy any goods with cryptocurrencies, therefore we are currently not looking into investing in them,” Al-Maiman said on the sidelines of the World Economic Forum in Davos, according to Reuters.
Rumors on social media have for long suggested that the Saudi royal family would invest in cryptocurrencies, and the recently improved U.S. regulatory outlook given President Donald Trump’s pro-crypto stance was seen as a catalyst for that investment.
Al-Waleed’s public comments on bitcoin reflect the company’s crypto concerns. In 2017, the Saudi prince said he believes the cryptocurrency is “just going to implode one day.”
Melania Trump’s introduction of a meme coin has sparked conversations about the broader cryptocurrency market, drawing attention to innovative projects such as Lightchain AI. Amid the growing interest in meme coins, Lightchain AI is establishing itself as a leader in blockchain innovation, seamlessly integrating artificial intelligence with decentralized technology.
Currently in its presale phase at $0.005625 per token, Lightchain AI has already raised $12.3 million, reflecting strong investor confidence. With its emphasis on sustainable growth, the project stands out as a promising player in the rapidly evolving crypto space.
Melania Trump’s Meme Coin Launch Ignites Buzz in Crypto World
On January 19, 2025, Melania Trump a First Lady shown the $MELANIA meme coin after Donald Trump’s earlier start of the $TRUMP coin. The $MELANIA token came out at $12.03 with a market worth of $1.9 bil͏lion.
This effort is part of a wider movement of well-known people getting into the crypto space, showing how more folks are accepting digital money. But, the ups and downs seen in both $TRUMP and $MELANIA coins shows the risky side of meme coins, pointing out that it’s smart to invest carefully and look at the market closely.
How Lightchain AI Stands Out Amid Meme Coin Trends
Amid the rise of meme coin trends, Lightchain AI stands out with its robust technological foundation and focus on scalability and real-world utility. While many projects struggle with technical risks, such as scalability and resource limitations, Lightchain AI employs advanced solutions like sharding and Layer 2 integrations to handle high workloads efficiently. This ensures the network remains responsive even under significant demand.
Interoperability further strengthens its position by enabling seamless data exchange with other blockchain networks, fostering broader adoption and collaboration.
To address risks, Lightchain AI integrates mitigation strategies like dynamic resource allocation, cryptographic security, and a transparent governance model. These proactive measures solidify Lightchain AI as a reliable and scalable alternative, distinguishing it from short-lived meme coin projects.
Lightchain AI’s Growing Momentum Captures Investor Interest
Lightchain AI is making waves, capturing the spotlight of investors and institutions worldwide. With its revolutionary technology and commitment to sustainable growth, it’s earning praise from industry experts and winning the trust of its growing community.
The buzz doesn’t stop there—Lightchain AI is paving the way for real-world innovation. Its latest partnership with a top AI firm highlights the exciting possibilities of combining decentralized tech with artificial intelligence.
This groundbreaking collaboration sets the stage for game-changing advancements, marking a huge leap forward for both industries. Stay tuned—big things are happening!
https://lightchain.ai/lightchain-whitepaper.pdf
https://t.me/LightchainProtocol
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Cryptocurrency adoption by merchants is reshaping global commerce, driving financial inclusivity and enabling a borderless future.
Retirees need £36,915 per year for a comfortable retirement in 2025, leaving a substantial £25,413 gap compared to the state pension, new research has revealed.
Findings from Shepherds Friendly highlight the significant shortfall facing pensioners who rely solely on state support.
Despite the clear disparity between retirement needs and state provision, a “surprising” number of people have not considered how much they need annually for retirement, according to the research.
Shepherds Friendly warns that while the state pension provides a financial safety net, it falls far short of what most people need for an enjoyable retirement. Housing costs represent the largest expense for retirees, with mortgage repayments and additional housing costs averaging £7,600 per year.
Fuel and power bills follow as the second-highest expenditure at £3,600 annually. Transport costs account for £3,392 per year, while food and drink expenses amount to £3,530.
Beyond essential spending, retirees typically allocate £3,238 annually for recreation and cultural activities. Dining out and hotel stays make up a smaller portion of retirement spending, with an average of £1,667 per year dedicated to restaurants and accommodation.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
Britons could face a pension savings shortfall, experts warn
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A comfortable retirement in 2025 would require an annual income of nearly £50,000, according to the research. Those seeking a moderate retirement lifestyle would need approximately £31,848 each year.
Derence Lee, chief financial officer at Shepherds Friendly, noted that many people find it “easy” to postpone thinking about their later years.
He added that the rising cost of living makes saving for the future particularly challenging for some individuals. The research indicates that relying solely on the state pension to cover retirement costs would be “extremely challenging,” with savers urged to begin saving earlier to boost their investments.
The full UK state pension currently stands at £11,502 per year, equivalent to approximately £221 weekly. This basic level of support falls significantly below the amount needed for retirement, according to Shepherds Friendly.
Pensioners are worried about their retirement
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The financial services provider emphasises that while the state pension serves as a safety net, it is insufficient for most people’s retirement aspirations. Furthermore, the research highlights a concerning trend where many individuals, despite recognising the pension gap, have not taken adequate steps to address it.
This remains true even for those already contributing to private or workplace pensions. The findings suggest that proactive financial planning beyond state pension provisions is essential for securing a comfortable retirement.
Notably, the average retiree faces £38,000 in remaining mortgage debt by age 65, the research shows. For those on a five-year mortgage term, this translates to annual payments of around £7,600 when retiring at 65.
These mortgage commitments represent a significant portion of retirement expenses, potentially straining already limited pension resources. The findings emphasise the importance of factoring housing costs into retirement planning, as mortgage payments often continue well into retirement years.
This mortgage burden adds another layer of financial pressure beyond everyday living expenses for retirees. Borrowers have been saddled with hiked interest rates following recent actions from the Bank of England.
The data suggests that prospective retirees should carefully consider their housing situation when planning for retirement, as mortgage costs could consume a substantial portion of their annual income.
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Those approaching retirement, or who have retired, have struggled with mortgage payments
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Chris Rudden, the head of Investment Consultants at Moneyfarm, emphasises the importance of early pension planning.
He said: “For a lot of people, your pension may be the last thing on your mind. However, it is best to stay on top of this so you can reap the rewards later in life.”
Rudden stresses that starting pension contributions early is crucial, noting that “making small contributions now is a lot easier than playing catch up”.
He points to the issue of lost pensions, with research showing the average Briton believes they have around £13,000 spread across three forgotten pension plans.
“Why not use the new year to track some of these down,” Rudden suggests, highlighting how workplace changes can lead to misplaced pension investments.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As the crypto market surges, meme coin CATZILLA captures attention with promises of massive returns and a bold mission to disrupt the space.
As the crypto market experiences a surge, certain meme coins are catching significant attention. Among them, CATZILLA stands out, captivating early investors with promises of remarkable returns. These emerging tokens are drawing interest not only for their humor and community appeal but also for their potential to deliver extraordinary financial gains in the current bullish landscape.
Catzilla: Pouncing into the meme coin spotlight
In the vibrant world of meme coins, where creativity meets opportunity, CATZILLA is staking its claim as a breakout star. Inspired by the legendary success of tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla fuses the chaotic energy of Japanese kaiju culture with cutting-edge crypto innovation. Its Godzilla-sized feline mascot creates an engaging, story-driven narrative that appeals to gamers, anime lovers, and investors alike.
With its anime-inspired flair and rebellious spirit, Catzilla doesn’t just aim to entertain; it’s rallying a community of crypto enthusiasts ready to rewrite the rules of decentralized finance.
Unlike the flash-in-the-pan meme coins of the past, Catzilla is here to stay. Its presale offers a unique 14-stage rollout, giving early adopters multiple opportunities to secure tokens at a steadily increasing price. With a projected ROI of 700%, Catzilla is shaping up to be more than just a meme; it’s a serious contender for investors chasing exponential gains.
Catzilla operates on a powerful threefold value proposition:
- Epic gameplay: A thrilling game that lets players earn rewards while immersing themselves in a chaotic, kaiju-inspired universe.
- Unified mission: A bold vision to disrupt the greed and manipulation often associated with the crypto space.
- Community spirit: A vibrant, inclusive movement that combines the fun of meme culture with the potential for financial freedom.
By merging entertainment with empowerment, Catzilla is setting a new standard for what meme coins can achieve. Catzilla isn’t just another meme coin; it’s a revolution. By embracing its bold and monstrous identity, it’s restoring the playful and decentralized spirit of crypto while offering transparency and fairness to its users.
Shiro Neko price eyes major upswing: Is a rally coming?
Shiro Neko is testing new grounds as prices hover between $0.000000026 and $0.000000093. Currently, it’s dancing close to its 10-day SMA but lags behind the 100-day SMA. There’s potential for growth with the first resistance at $0.000000135. Breaking past this could lead to a surge towards the second resistance at $0.000000201, representing potential gains of over 100%.
The MACD remains negative, signaling some caution. However, the wide gap between support and resistance levels suggests room for bullish movement. If bulls take charge, Shiro could outperform and carve a new path upward, promising an exhilarating ride for investors.
Degen: Set for a comeback?
Degen is bouncing back with its price stabilizing between $0.007029 and $0.010264. The RSI at 53.34 suggests it’s not overbought or oversold, showing a balanced momentum. The 10-day moving average is slightly below its 100-day, hinting at potential upward movement. Currently, it’s fighting to break through the nearest resistance at $0.012371.
If it succeeds, the next target is $0.015606, representing a gain of over 50% from current levels. While recent price changes have been negative, the long-term 6-month change of 2.00% suggests resilience. With market sentiment picking up, Degen seems positioned for a rally amid a broader crypto bull run.
Chill Guy poised for a potential breakout
CHILLGUY is currently priced between $0.07 and $0.13, showing potential for growth. The nearest resistance at $0.17 is key. If broken, it could surge to $0.23, marking a substantial increase. The 10-day simple moving average at $0.08 suggests a potential upward trend. Meanwhile, the RSI is at 56.07, indicating there’s room for growth before it hits overbought levels.
Stochastic also signals a possible move up. Despite recent declines in both weekly and monthly terms, there’s optimism among traders for an altcoin season surge. This could provide the momentum needed to break resistance levels and drive significant price increases for CHILLGUY.
Fartcoin’s price skyrockets, eyeing new highs
Fartcoin is on a bullish path with a recent surge in its price. In the past week, the price jumped over 74%, and in the last month, it climbed by 134%. This strong momentum suggests further growth potential. Fartcoin currently trades between $0.98 and $3.05, moving past its short-term moving averages. The RSI at 53.93 indicates more room to grow.
The coin could target its first resistance level at $3.94 and potentially reach the second level at $6.01. With a 100-day moving average of $1.82, Fartcoin shows a promising upward trend. The emotional excitement in both short and long terms hints at an altcoin season, possibly paving the way for a broader crypto bull run.
Conclusion
While SHIRO, DEGEN, CHILLGUY, and FARTCOIN have less short-term potential, Catzilla stands out as the ultimate meme coin hero. Offering major ROI during presale, from $0.0002 to $0.0016 over 14 stages, it combines governance, loyalty rewards, and passive staking. Catzilla unites a community to dismantle toxic systems and achieve new heights in financial freedom.
To learn more about Catzilla, visit the website, X, Telegram chat.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Meme coins are famous for their volatility – but a new project wants to bring order to the chaos.
Meme Index (MEMEX) has raised over $2.7 million for its index-based approach to meme coin investing.
And with its early momentum showing no signs of fading, the future looks promising for MEMEX.
How Meme Index’s Diversification Strategy Works in Practice
Meme Index offers a simple solution to the volatility of meme coins: diversification.
Instead of betting on a single coin, Meme Index lets investors spread their risk across the entire meme coin market, similar to how traditional investors diversify their portfolios with stocks.
This is achieved through four indexes – each targeting a different area of the meme coin market.
The Meme Titan Index focuses on established coins like PEPE and SHIB, offering a more conservative approach.
For those seeking higher-risk, higher-reward opportunities, the Moonshot Index tracks promising newcomers with strong potential.
The Midcap and Frenzy Indexes cater to those interested in smaller coins.
This structure lets traders choose their risk level, offering exposure to big names and low-cap gems.
All while mitigating the anxiety of single-token investments.
It’s a setup that’s attracting a lot of attention online, especially on Twitter, where Meme Index has over 21,000 followers.
The MEMEX token has also been ranked on CoinSniper’s list of cryptos to watch.
MEMEX Token – High Yields Meet Community Governance
MEMEX is more than just a random coin; it’s the key to unlocking all of Meme Index’s features.
Holding MEMEX grants users access to all four indexes and also gives them governance rights.
This means token holders can actively participate in shaping Meme Index’s future.
They can vote on everything, from index composition to which features the development team should add next.
What’s also eye-catching is Meme Index’s staking program.
This program offers market-beating yields for MEMEX holders, estimated at 856% annually.
That means an investor could hypothetically stake 100,000 MEMEX and see their holdings grow to over 950,000 tokens in just one year (assuming the yield remains constant).
Some big-name YouTubers are beginning to discuss Meme Index’s potential.
NASS CRYPTO, who has over one million subscribers, released a viral video earlier this week about the project.
It has had more than 68,000 views in 24 hours.
The fact that such popular influencers are talking about Meme Index shows just how much interest there is in meme coin trading solutions.
Why Meme Index Could Thrive in a 2025 Bull Market
Meme Index’s momentum coincides with some bullishness in the crypto market.
Bitcoin’s latest all-time high and Wall Street’s growing acceptance of crypto have created huge positivity.
Political developments, such as Trump making pro-crypto appointments, add to the bullish sentiment.
Many believe the market is primed for another bull run.
And this context makes Meme Index particularly interesting.
During the previous bull run, meme coins produced enormous returns for some investors, but others suffered losses by getting in at the wrong time.
Meme Index’s index-based approach offers a solution to this.
Instead of trying to pinpoint when a meme coin might break out, traders can instead diversify across a basket of coins, capturing potential gains across the board.
The benefits of this are huge – lower risk, more balanced exposure, and a strategy that’s built for the long term.
No wonder Meme Index’s Telegram channel has multiplied in early 2025.
So, with millions in presale funding raised and a fast-growing online community, Meme Index looks set for a successful year.
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Day Two of the Trump administration and the DOGE (Department of Government Efficiency) website is up and running. Only time will tell if DOGE actually accomplishes anything. The big idea behind it is to find savings and improve the efficiency of the government. And who better to do that than Elon Musk himself?
Maybe this new government department could start with disbanding useless government departments?
Dogecoin to be the Official US Government Cryptocurrency?
It wouldn’t be a stretch to assume that one of the cost savings a Department of Government Efficiency could implement would be to move the payroll of federal transactions over to the blockchain. Since Musk is a crypto fanatic, it wouldn’t surprise anyone if that happened. And with the Dogecoin logo already on the DOGE website, could $DOGE be used as the official government cryptocurrency? Then again, perhaps it will be Solaxy ($SOLX).
Solaxy to Boost Efficiency on the Solana Ecosystem
After all, the whole reason for Solaxy’s existence is to optimize the Solana blockchain for better efficiency. And right now, ‘efficiency’ is Elon’s favorite buzzword.
Fact is, just like the US government, the Solana blockchain has become overwhelmed with problems and inefficiencies, resulting in congestion and slow transactions. Solaxy, like Musk’s D.O.G.E, has come along just at the right time to potentially fix it.
Solaxy is still in its presale phase, and with the current $SOLX token price at a bargain $0.00161, and a 286% staking APY, those are cost savings that the US public can get behind.
Solana Swamped by $TRUMP and $MELANIA Coin Transactions
Solana is getting a surge of attention due to the emergence of the Solana-based $TRUMP and $MELANIA coins. The rush onto Solana to buy Trump coins has been sorely testing the Solana network like never before, with both users and third-party platforms reporting congestion and delays.
But as President Trump has chosen Solana for his own new coin, the platform is due for an upgrade. This is precisely what Solaxy will offer, a layer-2 solution to Solana to offload some traffic and reduce the load.
Solaxy, being an Ethereum-based token, will also bridge the two blockchains, leveraging Ethereum’s liquidity and Solana’s popularity to unleash the full potential of the meme coin market.
Make Way for the Memes
So, if efficiency and fixing the problems holding back the memes and the government get you inspired, check out this new presale before the price goes up. The use case couldn’t be stronger at the moment.
Just head on over to the official Solaxy website, connect your crypto wallet, and start buying $SOLX. God bless you, good citizen, for serving your country. But remember, never invest money you can’t afford to lose, and always do plenty of independent research before committing any funds.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3956.13, down 0.5% (-21.14) since 4 p.m. ET on Tuesday.
Three of 20 assets are trading higher.
Leaders: SOL (+2.8%) and XRP (+0.2%).
Laggards: ICP (-5.6%) and HBAR (-4.9%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Cryptocurrencies have gained significant popularity in Poland in recent years, attracting the attention of both experienced investors and beginners. Choosing the right cryptocurrency exchange is a key step for a successful start in the world of digital assets. In this article, we will take a look at the best crypto exchanges that are ideal for beginner traders in Poland. For those looking for additional ways to spend time online, check out kasyno-polskie-online.com, where exciting opportunities await you (“Online platforms offer unique opportunities for entertainment and adrenaline, but responsible use is essential,” as Jeyson Peterson, an expert in online casino games, wisely noted).
1. Bitget: The leader among cryptocurrency exchanges
Bitget is one of the largest cryptocurrency exchanges founded in 2018 and registered in Seychelles. It provides a complete platform for trading digital assets, offering more than 400 available cryptocurrencies and a wide range of trading pairs. More than 8 million users use the platform and the average daily trading volume exceeds $10 billion.
Advantages of Bitget:
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User-friendly interface: The platform is designed with both beginners and experienced traders in mind, providing an intuitive and easy-to-use interface.
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Low Commissions: Bitget offers competitive trading commissions, which is especially important for beginner traders looking to minimise costs.
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Support for fiat currencies: The platform supports deposits in Polish zloty (PLN), making it easy for Polish users to fund their accounts.
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Extensive selection of cryptocurrencies: Bitget provides access to over 400 cryptocurrencies, including popular coins and altcoins, allowing traders to diversify their investments.
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Educational Materials: For beginners, there are various educational resources available, including video tutorials and articles that help to better understand the basics of cryptocurrency trading.
2. Binance: The largest cryptocurrency exchange
Binance is the largest cryptocurrency exchange in the world, offering a wide range of services for traders of all levels. Since its inception in 2017, Binance has established itself as a reliable and innovative platform.
Benefits of Binance:
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Extensive cryptocurrency selection: Binance supports over 350 cryptocurrencies including Bitcoin, Ethereum, Binance Coin and many more, allowing traders to choose from a wide range of assets.
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Low Commissions: The platform offers competitive trading commissions, which can be reduced when using Binance Coin’s proprietary token (BNB).
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Educational Resources: Binance provides an extensive educational platform, Binance Academy, where aspiring traders can learn the basics of cryptocurrency trading and blockchain technology.
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Fiat currency support: Binance supports deposits and withdrawals in a variety of fiat currencies, including Polish zloty, which is convenient for Polish users.
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Variety of trading instruments: The platform offers spot trading, futures, options and other financial instruments, allowing traders to choose the most suitable for their strategies.
3. Bybit: A user-friendly platform for beginners
Bybit is a cryptocurrency exchange focused on providing a convenient and secure trading experience for users around the world. Since its inception, Bybit has established itself as a reliable platform with an intuitive interface.
Benefits of Bybit:
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Intuitive interface: The platform is designed with beginners in mind, providing a simple and straightforward trading interface.
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Low Commissions: Bybit offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: Various educational resources are available for beginners, including video tutorials and articles to help them better understand the basics of cryptocurrency trading.
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Fiat currency support: Bybit supports deposits in a variety of fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
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Extensive selection of cryptocurrencies: The platform provides access to a wide range of cryptocurrencies, including popular coins and altcoins.
4. Kraken: Reliability and Security
Kraken is one of the oldest cryptocurrency exchanges, founded in 2011, known for its reliability and high level of security. The platform offers a wide range of services for traders of all levels.
Advantages of Kraken:
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High level of security: Kraken pays special attention to the safety of users’ funds, using advanced security technologies.
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Extensive selection of cryptocurrencies: The platform supports more than 290 cryptocurrencies, including Bitcoin, Ethereum and other popular coins.
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EducationalResources: Kraken provides educational materials to help beginners understand the basics of cryptocurrency trading.
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Fiat Currency Support: Kraken supports deposits and withdrawals in a variety of fiat currencies, including Polish zloty, which is convenient for Polish users.
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Variety of trading instruments: The platform offers spot trading, futures and other financial instruments, allowing traders to choose the most suitable for their strategies.
5. Huobi: Simple interface and excellent support
Huobi is one of the largest cryptocurrency exchanges in the world, with more than 5 million users worldwide. The platform is known for its security, user-friendly interface, and features for beginner traders. Huobi offers a wide range of cryptocurrencies and easy-to-use trading tools that are perfect for beginners.
Benefits of Huobi:
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Wide selection of cryptocurrencies: Huobi supports over 300 cryptocurrencies, including popular coins and altcoins, giving traders plenty of options for trading.
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Low commissions: The platform offers competitive trading commissions, which is especially important for beginner traders looking to minimise costs.
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Intuitive interface: The platform has a simple and straightforward interface, making it easy for beginners to understand cryptocurrency trading.
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Tutorials: Huobi provides various resources for beginners, including step-by-step guides, articles and video tutorials.
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Fiat currency support: The exchange supports deposits in several fiat currencies, including Polish zloty, which is convenient for users from Poland.
Huobi is a reliable and convenient platform that is suitable for those who are just starting their journey in cryptocurrency trading.
6. Phemex: A highly leveraged platform
Phemex is a cryptocurrency exchange that provides users with the ability to trade with high leverage to increase potential profits. The exchange offers over 400 cryptocurrencies and supports a variety of trading instruments including spot and futures trading. Phemex is known for its high liquidity and fast order execution.
Benefits of Phemex:
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High leverage: The platform offers leverage up to 100x, allowing traders to maximise potential profits.
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Extensive cryptocurrency selection: Phemex supports over 400 cryptocurrencies, including popular coins and altcoins.
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Low commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Training materials: Phemex provides various training resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
7. BingX: Social Crypto Exchange
BingX is a cryptocurrency exchange that specialises in social trading, allowing users to copy the trades of experienced traders. The exchange supports over 800 cryptocurrencies and offers a variety of trading tools, including spot and futures trading. BingX is known for its intuitive platform and low commissions.
Benefits of BingX:
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Social trading: The platform allows you to copy the trades of experienced traders, which is ideal for beginners.
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Extensive cryptocurrency selection: BingX supports over 800 cryptocurrencies, including popular coins and altcoins.
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Low Commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: BingX provides various educational resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
8. OKX: A platform with a wide range of services
OKX is a cryptocurrency exchange that offers a wide range of services, including spot and futures trading, as well as lending and borrowing services. The exchange supports over 300 cryptocurrencies and is known for its high liquidity and fast order execution.
OKX advantages:
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Wide range of services: OKX offers spot and futures trading as well as lending and borrowing services.
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Extensive selection of cryptocurrencies: The exchange supports more than 300 cryptocurrencies, including popular coins and altcoins.
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Low Commissions: OKX offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: The platform provides various educational resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Support for fiat currencies: OKX supports deposits in various fiat currencies, including Polish zloty, which makes it easy for Polish users to fund their accounts.
9. KuCoin: An exchange with a wide selection of altcoins
KuCoin is a cryptocurrency exchange known for its wide selection of altcoins and innovative trading products. The exchange supports over 700 cryptocurrencies and offers various trading tools including spot and futures trading.
KuCoin advantages:
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Wide selection of altcoins: KuCoin supports more than 700 cryptocurrencies, including many altcoins, allowing traders to diversify their investments.
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Low commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: KuCoin provides various educational resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
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Innovative trading products: KuCoin offers a variety of innovative trading products including staking, lending and borrowing, allowing traders to earn additional income.
10. Phemex: A highly leveraged platform
Phemex is a cryptocurrency exchange that provides users with the ability to trade with high leverage to increase potential profits. The exchange offers over 400 cryptocurrencies and supports a variety of trading instruments, including spot and futures trading. Phemex is known for its high liquidity and fast order execution.
Benefits of Phemex:
-
High leverage: The platform offers leverage up to 100x, allowing traders to maximise potential profits.
-
Extensive cryptocurrency selection: Phemex supports over 400 cryptocurrencies, including popular coins and altcoins.
-
Low commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
-
Training materials: Phemex provides various training resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
-
Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
Conclusion
Choosing the right cryptocurrency exchange is an important step for aspiring traders in Poland. Exchanges such as Bitget, Binance, Bybit, Kraken, KuCoin, Phemex and OKX offer a variety of tools and resources to help beginners successfully start trading cryptocurrencies. When choosing an exchange, it is advisable to consider factors such as commissions, supported cryptocurrencies, availability of fiat currencies, educational resources, and level of security. Thorough research and choosing the right platform will help ensure a successful start in the world of cryptocurrency trading.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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