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Binance Suspension of EUR Transactions and Price Implications for $BNB, $DOMI, and $PEPE

Madonna by Madonna
09/14/2023
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Binance Coin ($BNB) in Early September 2023

Binance, the world’s leading cryptocurrency exchange, recently halted EURO transactions via the SEPA payment channel. This decision was disclosed in a now-deleted X post on August 20, 2023. Fortunately, Binance has announced plans to reinstate deposit and withdrawal services for SEPA by September 25, 2023. Despite this positive development, the price of $BNB remains relatively stable.

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As of September 3, $BNB was trading at $214, and a week later, it was valued at $212, representing a 0.97% decrease. Despite the subdued market performance of Binance Coin, investors are optimistic about a potential surge in Q4 2023.

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$BNB stands as one of the prominent altcoins in the crypto industry, with recent Binance Coin smart chain hard fork upgrades enhancing its appeal to investors.

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Investor Confidence in Domini ($DOMI) for Q4 2023

Domini is an innovative art marketplace designed to democratize ownership of high-end blue-chip artworks by enabling art investors to acquire fractional shares in these prestigious pieces.

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Domini provides art investors with expert guidance and in-depth market reports on new artist projects, renowned artworks, and personalized recommendations aligned with investors’ goals. The platform also offers a transparent marketplace for trading fractions of artworks and building art portfolios.

Currently, $DOMI is in the presale beta phase, with savvy investors acquiring tokens at $0.0021. Upon the conclusion of the presale phases, $DOMI is expected to enter the mainstream market at a price of $0.0154. As a result, Domini investors could witness a substantial 340% increase in the value of their $DOMI tokens as this price action unfolds.

Challenges Persist for Pepe ($PEPE) Ecosystem

On August 24, Pepe disclosed that three key members executed a rug pull, resulting in the dumping of over 16 trillion $PEPE tokens on the public.

Currently, Pepe’s team is grappling with another ecosystem hack, this time involving its private Telegram channel. Pepe issued an announcement through their X platform, stating that the old Telegram channel for Pepe had been hacked and was no longer under their control. Additionally, the post noted that hackers had been using Pepe’s ‘Lordkekol’ account to promote scams and deceive individuals into participating in fraudulent new DeFi projects.

As of September 3, $PEPE was trading at $0.0000007865. Within a week, the token experienced a decline of 10.39%, with a price of $0.0000007054 on September 10. Analysts predict that $PEPE is likely to maintain its bearish trajectory throughout 2023 due to diminishing investor trust in the wake of these security breaches.

Tags: Binance
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Madonna

Madonna

Madonna, the esteemed author of our blockchain website, is a recognized authority in the field. With a wealth of experience and expertise, she brings a profound understanding of blockchain technology. Her professional insights and commitment to excellence make her a trusted source for navigating the complexities of the blockchain industry.

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