tl;dr
Binance has launched a new program called HODLer Airdrops, rewarding BNB holders who use the Simple Earn feature with tokens from projects preparing to list on Binance. Users can participate by subscribing to the Flexible or Locked Simple Earn product with their BNB holdings. Binance will announce u...
Binance Introduces HODLer Airdrops Program for BNB Holders Using Simple Earn
Binance has launched a new program called HODLer Airdrops, rewarding BNB holders who use the Simple Earn feature with tokens from projects preparing to list on Binance.
Users can participate by subscribing to the Flexible or Locked Simple Earn product with their BNB holdings. Binance will announce upcoming airdrops, and eligible users will receive airdrop rewards in their Spot Wallets within 24 hours of the announcement.
How to Participate and Benefit from HODLer Airdrops
Binance is engaging with smaller projects that have strong fundamentals, a large circulating supply, and active communities, in order to roll out the HODLer Airdrop. Users should go to the Earn section on Binance, search for BNB, and subscribe to either the Flexible or Locked Simple Earn product with their BNB holdings.
Binance will take multiple hourly snapshots of user balances and total pool balances to calculate users’ average hourly balances in the Simple Earn products. Random historical snapshots of user balances, taken after the announcement, will determine the airdrop rewards.
Eligible users will receive their airdrop rewards in their Spot Wallets within 24 hours of the announcement.
BNB Price Analysis and Market Trends
BNB’s price has climbed to $595.71 today, with a 24-hour trading volume of $1.3 billion. This represents a 2.09% increase over the past day, although the cryptocurrency has seen a 3.22% drop in value over the last week. With 150 million BNB in circulation, the token now has a market cap of $91.5 billion.
The Open Interest of BNB has surged 1.74% with a current valuation of $585.6 million.
BNB attracted significant buying interest after hitting $200, rapidly rising to $300 and then $600. At $600, it consolidated in an ascending triangle pattern before breaking its all-time high above $700 recently. However, this surge was short-lived, as sellers absorbed the upward momentum within a week.
While momentum initially accelerated, it unfortunately couldn’t be sustained, as evident from the price action and oscillators. This doesn’t inspire short-term buying confidence, but investors are closely watching to see if BNB can maintain its current support levels. Currently, BNB is trading near $600, which may act as short-term support, having previously matched an important value area and the 50-day moving average. A rebound from the $600 level would be more reassuring for BNB’s upward trend.
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