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The 3 Best Quantum Computing Stocks to Buy in February 2024 – InvestorPlace

Much like artificial intelligence (AI), quantum computing will revolutionize just about everything. All thanks to its ability to solve complex problems that are well beyond the ability of non-quantum and classical computers. In fact,according to CBS News, Quantum could give us answers to impossible problems in physics, chemistry, engineering, and medicine. All of which could give a boost to some of the best quantum computing stocks to buy.

It could even be used to discover new drugs, quicker than even imagined. It may even be able to help advance artificial intelligence, machine learning, financial modeling, cybersecurity, batteries, and even help explain the unexplainable parts of our universe. Better,according to Fortune Business Insights, the market valued at $717.3 million in 2022 could be worth well over $6.5 billion by 2030.

Helping, theU.S. government wants to spend billionsto accelerate the development of quantum computing. Right now, many argue the U.S. is falling behind. That being said, investors may want to invest in some of thebest quantum computing stocks to buy including:

Source: Shutterstock

The last time I mentionedD-Wave Quantum(NYSE:QBTS),it traded at about 90 cents on Feb. 1.

At the time, I noted, Itinked a dealwithDeloitteto speed up quantum computing adoption for governments and companies all over Canada. Even better, the company isseeing quarter-over-quarter, and year-over-year growthin revenue, and customer bookings.

Today, QBTS is up to $2.08, and running on news of its new 1,200+Qubit Advantage2 prototype, which it calls the most performant system available to customers today, as noted in a recent press release.

Better, earnings havent been too shabby. In its most recent quarter, QBTS revenue was up 50% quarter over quarter, and 51% year over year. Bookings even jumped 53% year over year to $2.9 million. Plus, this was the companys sixth consecutive quarter of year over year growth in quarterly bookings. The company also reported a $53.3 million cash balance, the highest in the companys history,as noted in its November earnings release. This makes it one of the best quantum computing stocks to buy.

Source: Amin Van / Shutterstock.com

Another one of thebest quantum computing stocks to buy isRigetti Computing(NASDAQ:RGTI), which has been steadily moving higher.

Since the year began, for example, it ran from about 90 cents to a high of $1.53. Now at $1.30. it could push even higher as investors push into quantum computing.

Helping, the company just announced the availability of its Ankaa-2 system, which it says is its highest qubit count quantum processing unit (QPU) available to the public,as noted in a recent press release.

It also inked a five-year deal to provide the Air Force Research Lab Information Directorate to supply researchers with quantum foundry services. This contract allows AFRL to leverage Rigettis fabrication and manufacturing capabilities to build customized quantum systems,as also mentioned in a company press release.

Source: SWKStock / Shutterstock

Or, you could always diversify with an exchange-traded fund (ETF) like theDefiance Quantum ETF(NYSEARCA:QTUM). Since late October, the ETF exploded from a low of about $45 to a recent high of $58.51. Now at $57.53, it could push even higher thanks to holdings such asNvidia(NASDAQ:NVDA),Advanced Micro Devices(NASDAQ:AMD), andMarvell Technology(NASDAQ:MRVL) to name some of the top ones.

With an expense ratio of 0.40%, it also offers exposure to 68 more quantum computing and machine learning stocks. Moving forward, Id like to see the ETF test $70 a share.

On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.

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Understanding Locally Encoded Defects in Quantum Circuits: A Promising Tool for Quantum Computing – Medriva

Understanding Locally Encoded Defects in Quantum Circuits

The realm of quantum computing is continually evolving, with researchers and scientists making strides in understanding the intricacies of quantum systems. One such concept that has gained significant attention in recent years is the concept of Locally Encoded Defects (LED) in quantum circuits. LED is a method used to approximate a fixed-point state with zero correlation length. This approach is based on the measurement of qubits in a quantum system and the calculation of stabilizer and Wilson loop values, which help identify local fluctuations and anyonic excitations.

LED involves a local decoder that works to remove these fluctuations. Additionally, the coarse-graining of the lattice is performed to reduce uncorrected errors. This strategy has proven to be beneficial in detecting topological order and distinguishing between topological and trivial states. It provides a powerful tool for characterizing topologically ordered states in experimental quantum systems and offering new insights into the nature of different regimes in these systems.

As detailed in a research article, the use of LED in quantum circuits can greatly improve their performance and reliability. Quantum computers, being inherently different from classical computers, are susceptible to errors due to their quantum nature. However, the application of LED can help in identifying and rectifying these errors, thus improving the overall performance of these systems.

Moreover, LED is not just limited to error correction. It could also be utilized for enhancing the computational capabilities of quantum systems. The current research in this area is focused on exploring the potential applications of LED and how it can be leveraged to make quantum computing more practical and efficient.

Despite the promising advancements, understanding atomic-like quantum systems, especially solid-state atom-like systems, impurity-based qubits in semiconductors, and defects in 2D and 3D materials, remains a challenge. The Quantum Staging Group (QSG) has been working to fill this gap by promoting materials science for the development of quantum information sciences and quantum sensing.

In a recent workshop held at the 2022 MRS Spring Meeting, QSG brought together scientists with experimental and theoretical expertise in materials for quantum technologies. The goal was to discuss key near-term challenges to further promote and accelerate the development of solid-state atom-like systems with applications in quantum technologies.

The workshop addressed four main themes, including unifying perspectives on relevant length scales for quantum systems, addressing materials challenges in quantum information technologies, the role of electrical noise in atomic-like systems, and predictive challenges for atomic-like quantum systems. It is clear that a multi-disciplinary approach, involving both theoretical and experimental expertise, is essential for advancing our understanding of atomic-like quantum systems.

In conclusion, the concept of Locally Encoded Defects in quantum circuits holds immense potential for the future of quantum computing. From improving the performance and reliability of quantum computers to helping characterize topologically ordered states in experimental quantum systems, LED is paving the way for a better understanding of the quantum world. However, it is crucial to continue addressing the challenges and to foster collaboration and knowledge sharing in this field to unlock the full potential of quantum technologies.

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Quantum computing: Australian start-up Diraq says it will beat Silicon Quantum Computing and produce the country’s … – The Australian Financial…

Whereas SQC appears to have missed several of its milestones and now does not expect to have a basic but nevertheless commercially useful quantum computer until 2033, Professor Dzurak told The Australian Financial Review Diraq was well on schedule and might even beat its self-imposed June 30, 2028, deadline for creating a basic-yet-commercially valuable machine.

Quantum computers are designed to harness the strange properties of matter at the atomic scale to make calculations in seconds, minutes or hours that would take regular computers years, decades or even centuries to run, if they could perform them at all.

It is expected that quantum computers will ultimately need many millions or even billions of quantum bits, or qubits, before theyll be able to run every type of quantum computing algorithm, making them what are known as universal quantum computers analogous to todays all-purpose supercomputers.

But in the meantime, simpler quantum computers with only hundreds or thousands of qubits, capable of running only a few algorithms, can still be commercially valuable in more science-related industries, Professor Dzurak said. It is such a device that Diraq is hoping to build by 2028, to meet its Phase 2 milestone.

Im 100 per cent confident that we will have a quantum computing system by 2028, that will be commercially valuable, he said.

While SQCs qubits are built by precisely placing phosphorous atoms in a lattice of silicon and using their quantum properties to make computations, Diraqs qubits are created using transistors similar to the ones already found in conventional computers, Professor Dzurak said.

That means Diraqs quantum chips can be built much more simply, using the same factories (or fabs) that make regular silicon chips, he said.

Indeed, as part of the start-ups Phase 1 milestone of building chips with just one or two high-quality qubits at a conventional fab by June 30, 2025, Diraq had just taken delivery of some chips made by its unnamed, overseas fab partner.

I cant tell you specifically any results because were looking to make an announcement in due course, but what I can tell you is that the results are very, very positive, he said.

Professor Simmons was contacted for comment.

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Fujitsu develops technology to speed up quantum circuit computation in quantum simulator by 200 times – Fujitsu

Breakthrough technology accelerates development of algorithms for practical use in quantum computers Fujitsu Limited

Tokyo, February 19, 2024

Fujitsu today announced the development of a novel technique on a quantum simulator that speeds up quantum-classical hybrid algorithms, which have been proposed as a method for the early use of quantum computers, achieving 200 times the computational speed of previous simulations. For quantum circuit computations using conventional quantum and classical hybrid algorithms, the number of times of quantum circuit computation increases depending on the scale of the problem to be solved. Larger-scale problems that require many qubits, including simulations in the materials and drug discovery fields, may even require several hundred days.

The newly developed technology enables simultaneous processing of a large number of repetitively executed quantum circuit computations distributed among multiple groups. Fujitsu has also devised a way to simplify problems on a large scale with less loss of accuracy by using one of the world's largest-scale quantum simulators (1) it has developed. Fujitsu has made it possible to perform computations on a quantum simulator in just one day, which would take an estimated 200 days to complete with conventional methods. As a result, it is now possible to complete simulations of large-scale quantum computation within a realistic timeframe and to simulate the behavior of larger molecules computed by a hybrid quantum-classical algorithm, leading to algorithm development.

Fujitsu plans to incorporate this technology into its hybrid quantum computing platform to accelerate research into the practical application of quantum computers in various fields, including finance and drug discovery. Additionally, Fujitsu will not only apply this technology to quantum simulators, but also to accelerate quantum circuit computations on actual quantum computers.

Although the development of fault-tolerant quantum computers (FTQC (2) ) is currently progressing worldwide, current quantum computers face many problems, such as the inability to eliminate the effects of noise. At the same time, in order to demonstrate the usefulness of quantum computers ahead of FTQC, practical applications for small and medium-sized quantum computers (Noisy Intermediate-Scale Quantum Computer, NISQ) with noise tolerance of 100 to 1,000 qubits are being studied.

By applying VQE (3), a typical NISQ algorithm, Fujitsu, for example, has developed a quantum simulator for quantum application development (4) and has been working to speed up quantum circuit computation itself. However, in VQE, the number of iterations of quantum circuit computation increases as the size of the problem increases, so it takes a very long time to perform computation, especially for large problems requiring many qubits, and it is estimated that it takes several 100 days for a quantum simulator. Therefore, it was difficult to develop quantum algorithms for practical use.

In response to this problem, Fujitsu has developed a technology that achieves 200 times higher the performance speed of conventional technologies by simultaneously distributing multiple repetitively executed quantum circuit computations and reducing the amount of quantum circuit computations by reducing accuracy degradation.

Quantum-classical hybrid algorithms seek a quantum circuit that provides the lowest energy state, for example, the ground state of a molecule, by alternating between the process of performing quantum circuit computation and the process of optimizing quantum circuit parameters (5) using a classical computer. However, for parameter optimization of quantum circuits by classical computers, it is necessary to prepare a large number of quantum circuits with small changes in parameters, perform quantum circuit computation for all of them sequentially, and derive the optimal parameters from the results. This requires considerable time for computation, especially for larger-scale problems. Increasing the number of nodes simply to speed up circuit computation has conventionally been limited by communication overhead, and new technologies were required.

Focusing on the fact that quantum circuits with small parameter changes can be executed without affecting each other, Fujitsu has developed a distributed processing technology that enables each group to execute different quantum circuits by dividing the computation nodes of the quantum simulator into multiple groups and using RPC (6) technology to submit quantum circuit computation jobs through the network. Using this technology, multiple quantum circuits with different parameters can be simultaneously distributed and calculated, and the computation time can be reduced to 1/70th of the conventional technology.

In addition, since the computation quantity in the quantum-classical hybrid algorithm is proportional to the number of terms in the equation of the problem to be solved, and the number of terms is the fourth power of the number of qubits in the general VQE, the computation quantity increases as the problem scale increases, and the result cannot be obtained in a realistic time. Through simulations of large molecules using 32 qubits of one of the world's largest 40 qubit quantum simulators, Fujitsu has found that the ratio of terms with small coefficients to the total number of terms increases as the scale increases, and that the effect of terms with small coefficients on the final results of calculations is minimal. By taking advantage of this characteristic, Fujitsu was able to achieve both a reduction in the number of terms in the equation and prevention of deterioration in computation accuracy, thereby reducing the quantum circuit computation time by approximately 80%.

By combining these two technologies, Fujitsu was able to demonstrate for the first time in the world that when distributed processing of 1024 compute nodes into 8 groups for a 32 qubit problem, it was possible to achieve a quantum simulation run time of 32 qubits in one day, compared to the previous estimate of 200 days. This is expected to advance the development of quantum algorithms for problems with a large number of qubits and the application of quantum computers to the fields of materials and finance.

We are investigating the application of quantum computers to materials development. Among them, the use of VQE in NISQ devices is an essential consideration. We expect that this acceleration technology will greatly speed up the principle verification of the VQE algorithm.

We are studying the use of VQE to calculate the energy of molecules related to semiconductor materials, to predict the electronic structure and physical properties of specific materials, and to optimize chemical reactions in semiconductor manufacturing processes. We hope that accelerating this process will enable us to quickly verify the principle and effectiveness of the VQE algorithm and discover its usefulness. NISQ devices whose use is limited by noise and errors will be considered with an eye toward these limitations.

The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsus purpose to make the world more sustainable by building trust in society through innovation is a promise to contribute to the vision of a better future empowered by the SDGs.

Fujitsus purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$28 billion) for the fiscal year ended March 31, 2023 and remains the top digital services company in Japan by market share. Find out more: http://www.fujitsu.com.

Fujitsu Limited Public and Investor Relations Division Inquiries

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

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A series of fast-paced advances in Quantum Error Correction – Nature.com

Ryan-Anderson, C. et al. Realization of real-time fault-tolerant quantum error correction. Phys. Rev. X 11, 041058 (2021).

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Barber, B. et al. A real-time, scalable, fast and highly resource efficient decoder for a quantum computer. Preprint at https://doi.org/10.48550/arXiv.2309.05558 (2023).

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Atom Computing Reports Advance in Scaling Up Neutral Atom Qubit Arrays – HPCwire

The scale-up challenge facing quantum computing (QC) is daunting and varied. Its commonly held that 1 million qubits (or more) will be needed to deliver practical fault tolerant QC. Its also a varied challenge because today there are many qubit types (superconducting, trapped ion, neutral atom, photonics, topological, quantum dots, etc.) each facing very different scale-up approaches; for example in solid state systems part of the challenge typically involves efficient interconnecting of stationary qubits, while neutral atom- and trapped ion-based systems can require actually moving the qubits around.

Recently, neutral atom specialist Atom Computing reported developing techniques that now permits it to full load an array of 1225 sites with its qubits, neutral atoms. Atom posted a paper in late January on the work, explaining some of the technical details. Atom first reported creating a 1225-site array with 1180 occupied sites last fall claiming to be the first to break the 1000 qubit threshold.

The new paper sheds more detail on Atoms approach for scaling up its arrays, which the company says is a significant step on its path to effective scaling and error correction.

In this protocol, the tweezers provide microscopic rearrangement of atoms, while the cavity-enhanced lattices enable the creation of large numbers of deep optical potentials that allow for rapid low-loss imaging of atoms. We apply this protocol to demonstrate deterministic filling (99% per-site occupancy) of 1225-site arrays. Because the reservoir is repeatedly filled with fresh atoms, the array can be maintained in a filled state indefinitely. We anticipate that this protocol will be compatible with mid-circuit reloading, which will be a key capability for running large-scale error-corrected quantum computations whose durations exceed the lifetime of a single atom in the system, write the researchers.

Currently the range of qubit-counts on quantum processors varies from single digits to hundreds. In December, IBM, whose QCs use superconducting qubits, introduced an 1121-qubit Condor QPU (not yet available) and a smaller 133-qubit Heron QPU thats optimized for combining with multiple QPUs into larger quantum systems. QuEra, another neutral atom-based QC developer, has a 256-qubit (Aquila) device, and in January it showcased a roadmap QuEra says will lead to 10,000 physical qubits and 100 logical qubits in the 2026 time-frame.

The race is on to scale up physical qubit counts and logical qubit counts (comprised of many physical qubits to implement error correction).

Heres a brief description from the paper:

Typically, tweezer rearrangement is performed by stochastically loading up to a single atom into each trap within an array, imaging the atoms to determine trap occupancy, and then rearranging atoms within the array to create a deterministically occupied sub-array. Crucially, the number of atoms contained in the final array with this approach is no greater than the number initially loaded. Further, because the initial loading is stochastic, the number of sites in the array must generally be substantially larger than de- sired final sub-array (though under certain conditions, near-deterministic loading can be achieved).

Recently, repeated loading of a buffer array from an optical dipole trap reservoir has demonstrated that one can decouple the filling of a six-site target array from a single loading of a cold reservoir. In this work, we ex- tend this concept to repeated loading of a reservoir array, from which we create a deterministically filled target array (typically 99% occupancy) of over 1200 171Yb atoms in 1225 sites. This is made possible by combining optical tweezer arrays with a cavity-enhanced optical lattice to provide both microscopic control and the large number of deep traps required for rapid, high-fidelity, low-loss imaging of large numbers of atoms.

The paper is best read in full.

Link to Atom Computing paper (Iterative assembly of 171Yb atom arrays in cavity-enhanced optical lattices), https://arxiv.org/abs/2401.16177

Top image: Atom Computings neutral atom-based quantum system. Source: Atom Computing

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Government Prosecutors Urge Judge To Accept Plea Deal for Crypto Exchange Binance: Report – The Daily Hodl

US government prosecutors are reportedly urging a federal judge to accept crypto exchange Binances plea deal.

In November 2023, the top global crypto exchange was hit with a $4.3 billion fine by the U.S. Department of Justice (DOJ) to settle a multi-year investigation.

Changpeng Zhao, Binances controversial chief executive, said he would plead guilty to violatingUS anti-money laundering laws and step down as CEO.

A sentencing memo filed to a federal court in Seattle last week indicates that prosecutors want the cases judge to accept the plea deal, according to a new report from Bloomberg.

Prosecutors argue the penalties are fitting given Binance committed intentional misconduct that caused hundreds of millions of dollars of collateral consequences.

Zhaos sentencing hearing was recently postponed until April 30th, according to CNBC.

Last month, a former hostage and several family members of the victims of the October 7th Hamas attack on Israel sued the exchange for allegedly providing the terrorist group with a funding mechanism. The lawsuit accuses Binance of processing numerous transactions for Hamas between 2017 and 2023.

Back in June 2023, the U.S. Securities and Exchange Commission (SEC) accused Binance and Zhao of selling unregistered securities, misleading investors about its security protocols and diverting customer funds. The SEC also attempted to freeze the assets of the exchanges American arm, Binance.US.

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Binance to shut down multiple leveraged token listings – crypto.news

Binance has announced the discontinuation of support for certain leveraged tokens associated with Bitcoin, Ether, and BNB, effective Apr. 3.

Unveiled on Feb. 19, the decision specifically targets leveraged tokens BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN, all paired with Tether.

The exchange will halt trading and subscription services for these leveraged token pairs on Feb. 28 at 06:00 UTC, as stated by Binance.

All trade orders for the leveraged tokens that they mentioned will be automatically removed on the set date, indicating a firm deadline for users to adjust their holdings.

Binance announced that it will stop trading and subscription services for leveraged tokens on February 28, 2024, at 6:00 (UTC), followed by the termination of redemption services and delisting of leveraged tokens; on April 3, 2024, at 6:00 (UTC), it will stop supporting leveraged

In preparation for the delisting, Binance has outlined a phased process commencing on Apr. 1 and concluding by Apr. 3.

Users will be able to redeem their tokens before the delisting date, said the company.

However, for those who do not meet the redemption deadline, Binance has committed to converting the tokens into USDT based on their value on the delisting date and crediting users accounts within 24 hours.

As described by Binance, leveraged tokens offer a means to engage in leveraged positions without collateral or maintenance margins, thereby avoiding liquidation risks.

The effects of price movements in the perpetual contracts market, premiums, and funding rates are among the potential risks Binance has warned about despite the advantages of leveraged tokens.

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BINANCE COIN PRICE ANALYSIS & PREDICTION (February 20) BNB Faces Multiple Rejections After Reaching A … – NullTX

BNB appeared a bit weak on the intraday trading following multiple rejections in the past few days. However, its bullish trajectory remains intact as it may resume buying once it finds a key level for a rebound.

After establishing base support above $290 last month, BNB initiated a surge and flipped through a dynamic resistance line earlier this month.

It advanced higher last week and further broke through a multi-month high to mark a new one at $366.8 its highest price level in a year. It later paused buying pressure and retraced slightly due to a rejection.

The buyers reinitiated the surge earlier today but it was quickly countered with a sharp rejection as the sellers showed a strong reaction.

BNB now trades at around $354 following a slight retracement. It may pull lower if the price further drops. Aside from the $348 level, which has been held as support since last weekend, the key support level to consider for a rebound lies at $338 the recently broken resistance.

However, a surge above last weeks high should bring more rallies with notable gains. The continuous decline in the daily volume indicator suggests a potential divergence, which may play out shortly. All in all, the price is still up by 150% in the last six months.

A push above the important $366.8 resistance (last weeks high) could allow an increase to $376 before testing the $380 level. If BNB crosses these levels, $400 would be the next area of interest for the buyers.

If a rebound fails to occur above $338.3, it may navigate towards the $322 support level. The lower levels to watch for more drops would be $308.

Key Resistance Levels: $366.8, $376, $380

Key Support Levels: $338.3, $322, $308

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter@nulltxnewsto stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, andMetaverse news!

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Find Out How ORDI Price Will React After Binance Futures Listing – BeInCrypto

Binance Futures is set to introduce the USDC-margined ORDI Perpetual Contract. Scheduled for launch on February 22, 2024, at 07:00 (UTC), this addition aims to elevate the trading experience for ORDI enthusiasts.

Binance Futures will offer an impressive leverage of up to 75x, allowing traders to place high-risk, high-reward trades.

Introducing the ORDIUSDC Perpetual Contract will enable traders to leverage the USDCs stability against ORDIs potential volatility and growth prospects. The contract features a tick size of 0.001 and a balanced funding rate capped between +2.00% and -2.00%.

Moreover, the new ORDI contract ensures fairness and stability in the market through its funding fee settlement, occurring every four hours. The option of maximum leverage at 75x indeed presents a lucrative yet high-risk opportunity for adept traders. Consequently, they can maximize their gains by strategically navigating market movements.

Read more: What Are BRC-20 Tokens? Everything You Need To Know

Amidst the announcement, the ORDI token is currently showcasing a bullish trend, evidenced by a cup with handle pattern on the daily chart. This pattern indicates the potential for significant price movement. The critical neckline of this pattern is at $72.33, which promises a bright outlook if ORDI can surpass it.

If momentum persists, ORDI could aim for a 30% gain, targeting $91.80, pseudonymous trader Elodie said.

In a separate development, traders should also note Binances upcoming changes to leveraged tokens. Trading and subscription services for trading pairs such as BNBUP/USDT, BNBDOWN/USDT, ETHUP/USDT, ETHDOWN/USDT, BTCUP/USDT, and BTCDOWN/USDT will halt on February 28, 2024.

Read more: 13 Best Altcoins To Invest In February 2024

The platform will subsequently terminate redemption services and delist these leveraged tokens on April 3, 2024.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

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