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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Tezos price refuels buying pressure triggering 55% bull rally



Tezos price has been on a steady downtrend since October 4 and is currently retesting a vital demand zone. Investors can expect XTZ to restart its uptrend after a successful bounce off this barrier.

Tezos price prepares to pull a 180
Tezos price dropped 37% over the past 23 days and is currently bouncing off the $5.33 to $5.95 demand zone. Although this dip has rejuvenated the bullish momentum for XTZ, it needs to produce a decisive close above $6.75 to confirm the start of an uptrend.

Assuming Tezos price succeeds in flipping this hurdle into a support floor, it will result in a 25% ascent to $8.44. While this is a formidable barrier to overcome, clearing it will open the path to a retest of the October 4 swing high at $9.17.

The 100% trend-based Fibonacci extension level at $10.42 is the next level bulls will aim for. In a highly bullish case, Tezos price might even climb to 161.8% level at $14.1.

Regardless of the optimism around Tezos price, a breakdown of the $5.33 to $5.95 demand zone would be a warning sign. This move will drag XTZ down by 12% to the $4.68 support floor. A decisive daily close below this barrier will invalidate the bullish thesis for Tezos price, opening the possibility of revisiting $3.88.

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