There is also an option to use your mobile number.ģ. You will be redirected to a page where you will need to enter your email address and create a password. Head over to the Binance website and click on “Register” from the dashboard.Ģ.Follow the simple instructions below to open an account. It’s a no-brainer that before you start trading on Binance, you must have created an account with the exchange. Before Binance, there were other exchanges such as Kraken, Gemini, and even Coinbase.Ĭoinbase was founded in June 2012 and claims to have more than 35 million users worldwide. The company has since expanded its offering to include many products, including Binance Academy, Charity, Cloud, DEX, and Launchpad, just to mention a few.Īs I said earlier, Binance is not the first exchange, neither is it the last. Surprisingly, although Binance was not the first exchange, it became the world’s largest cryptocurrency exchange by trading volume in less than eight months after going live. Sadly, many of them turned out to the scams. ICOs are quite similar to Initial Product Offerings (IPOs). Binance sold 100 million pre-created BNB tokens during the ICO.įun fact: An initial coin offering, otherwise known as an ICO, is a quick and easy way for crypto-based businesses to raise funds without having to deal with regulatory hurdles. Following a $15 million ICO fundraising round that lasted for just 20 days, Binance launched in July 2017. In 2017, they decided to build their own crypto exchange. What is Binance and when was Binance founded?īinance is the brainchild of Changpeng Zhao and Yi He. That being said, let’s quickly run through the history of Binance. From how to sign up to how to secure your account, trade, the trading fees associated with the exchange, and of course some comparison with other exchanges.īe rest assured, by the time you are done with this ultimate guide, you’ll know all about how to use Binance. In this tutorial, I’ll teach you all you need to know about how to use Binance exchange. I bet the next questions in your mind are how to buy digital assets, the best exchange to use, and how to trade. She adds that whether Axie Infinity can adapt and regain its former glory in a changing landscape remains uncertain.So, you have finally made up your mind to invest in cryptocurrencies. Moreover, investor sentiment soured amid regulatory concerns and market uncertainties, leading to the plunge.Įdith concludes that AXS’s spectacular rise and later fall epitomizes the volatile nature of the crypto market. This trend has overshadowed AXS and many other digital assets. That shift caused a correction in AXS’s value.įurthermore, a bear market took hold of the cryptocurrency ecosystem towards the end of 2021. She suggests that the demand for NFTs, including Axie Infinity, subsided as their novelty wore off. Chief among them is the fading interest in NFTs. At the time of writing, AXS is trading at $4.48, marking a staggering 97% decline from its peak price.Īgain, Edith has attributed this sharp downturn to several factors. ![]() Sandbox (SAND) saw gains of 1,008 times, and MultiverseX (EGLD) enjoyed returns of 839 times.īut, as is often the case in the volatile cryptocurrency market, the euphoria was short-lived. Polygon (MATIC) achieved returns of over 1,100 times. To put AXS’s performance into perspective, let’s compare it to other NFT coins that also experienced impressive runs. This attracted speculators looking to capitalize on the trend. And Axie Infinity positioned itself as a frontrunner with its captivating NFT offerings. She holds, “The NFT ecosystem was excitedly ablaze in late 2021. So, there was a corresponding surge in the price of AXS. According to her, their novelty and uniqueness created an irresistible allure, resulting in their overvaluation. So, What Fueled this Remarkable Surge in AXS Value?Įdith Reads, StockApps’ crypto expert, narrows down AXS’ surge to the skyrocketing demand for Axie Infinity NFTs. That was a 1,649X return, making it Binance Launchpad’s most lucrative project ever. But that would peak at $164.90 on November 6, 2021. ![]() reports that AXS, the project’s native coin, had an initial launch price of $0.10. One such project that rode the NFT wave to unprecedented heights was Axie Infinity. The initiative provides startups the funding needed to bring their projects to fruition. To capitalize on this craze, Binance launched its Launchpad Project. ![]() These soon became an attractive option for many NFT investors seeking to make a killing in the then-burgeoning sector. NFT crypto coins underpin the trading and ownership of digital collectables. ![]()
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