Predict Protocol Partners with LayerEdge to Enhance Prediction Market Transparency

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

BNB-2.085%

EDGEN-2.21%

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Partnership Overview: Predict Protocol has partnered with LayerEdge to merge permissionless prediction markets with a zero-knowledge proof framework, aiming to enhance scalability and trust within the market.
Liquidity Enhancement: The joint initiative introduces a $USDC liquidity vault on the BNB Chain, expected to minimize market fragmentation and improve cross-market capital efficiency, allowing traders to engage in smoother price discovery.
Decentralized Verification: LayerEdge serves as a next-gen verification layer that supports zk-proof aggregation and settlement across chains, ensuring autonomous validation of prediction outcomes and enhancing interoperability across decentralized networks.
Increased Market Confidence: This partnership is viewed as a significant step towards integrating cryptographic verification mechanisms with liquidity-driven forecasting, anticipated to notably boost consumer confidence in market outcomes and facilitate broader coordination across decentralized networks.

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Technical Analysis for BNB

Technical Sentiment Analysis for BNB (BNB). As of , BNB (BNB) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

BNB (BNB) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	503.199	536.884	565.529	599.214	627.859	661.544	690.189
Fibonacci	536.884	560.694	575.404	599.214	623.024	637.734	661.544

About BNB

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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