In the crypto industry, trends are constantly popping up, trying to steal the spotlight with their distinct use cases and expanding possibilities. Currently, many popular cryptocurrencies like Binance Coin (BNB) and Bitcoin (BTC), have encountered difficulties. As a result of this bad trend, investors are looking for fresh ventures with high prospective returns.

Sparklo is one of these cutting-edge technologies that has caught the curiosity of the cryptocurrency community. It plans to steal and hold the spotlight with its unique investment platform and its benefits.

Danger Looms for Binance Coin (BNB)

Recent reports show that Binance Coin (BNB) may face yet another FUD as open interest on Binance’s short side continues to grow substantially. Strangely, this increase in short orders is taking place in the absence of any significant Binance or BNB news or updates, suggesting that the current price movement is not supported by solid fundamentals.

This situation is analogous to the spike in the short volume of Binance Coin (BNB) during March. Hedging techniques against the most recent EDU launchpad mishap might be one cause for the spike in short interest.

The Open Campus (EDU) subscription term is about to expire, according to a recent announcement made by Binance Coin (BNB). Investors may be using shorting Binance Coin (BNB) as a hedging tactic as they attempt to safeguard their investments and lessen any risks connected to the EDU launchpad event. This might account for the unexpected increase of short orders on the Binance platform, despite the lack of any unfavourable information or events affecting Binance Coin (BNB) or the exchange.

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Author: Crypto Daily

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