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Market highlights December 31: Cryptos see end of year rally, oil headed for biggest gains since 2009

Despite the overall slowdown in crypto markets seen recently, nearly all top 10 cryptos registered gains over the past 24 hours. Oil had a tremendous year in 2021, with COVID-19 lockdowns and re-openings propelling it to mammoth gains. In fact, oil prices have had their best year since 2009, climbing more than 50% since January 1st. The SPX500 and DJ30 hit new intraday highs before pulling back yesterday. The DJ30 missed out on finishing higher for the seventh straight session, with the index dipping 0.25%. 

Top cryptos

At the time of writing Bitcoin, Ethereum and XRP were all up more than 1%, while the majority of the other top 10 cryptos hovered around the flatline.

Algorand, the 19th biggest crypto by market cap, is the biggest gainer in the top 20 today. Algorand is up 8.79% in the last 24 hours.

Top movers

Celsius (CEL) is the biggest gainer in the top 100. The all-in-one banking and financial services platform for cryptocurrency users, which offers rewards for depositing cryptocurrency and services such as loans and wallet-style payments, gained 16% today.

Gnosis, a decentralized prediction market built on the Ethereum protocol, is also skyrocketing. It is up 14% in 24 hours.

Cosmos continues to rally. The live Cosmos price today is $31.75 with a 24-hour trading volume of $1.14 billion. Cosmos is up 13.60% in the last 24 hours.

AAVE is another big winner today. Its live price is $272.41 with a 24-hour trading volume of $591.8 million. Aave is up 13.58% in the last 24 hours.

Arweave and Bora both gained 11%. Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Bora is a decentralized entertainment platform that distributes digital content and provides incentives to participants. 

SushiSwap continues its rally over the past few days with 10% gains.  

Trending

Let’s Go Brandon (LGB) is a decentralized meme cryptocurrency dedicated to racecar driver Brandon Brown, an underdog who won at Talladega Superspeedway on October 2, 2021, setting off a chain of events that ultimately led to the creation of the meme coin. It’s up more than 50% today.

Catena X (CEX) is a project that aims to deliver an efficient multi-chain transfer protocol to bridge multiple blockchains, which will facilitate trades and transactions between different ecosystems in a completely decentralized way. The service will be secure and expansive with the ultimate goal of eventually bridging most of the existing major blockchains. It’s up 427% today.  

The post Market highlights December 31: Cryptos see end of year rally, oil headed for biggest gains since 2009 appeared first on Coin Journal.

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Introducing LGB, the token that gained 52% today: where to buy LGB

Let’s Go Brandon (LGB) is a decentralized meme cryptocurrency dedicated to racecar driver Brandon Brown, an underdog who won at Talladega Superspeedway on October 2, 2021, setting off a chain of events that ultimately led to the creation of the meme coin. If you want to buy LGB in support of Brandon, here are the top places to do that.   

Top places to buy LGB now

As LGB is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LGB using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LGB right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for LGB

Now that you’re connected, you’ll be able to swap for 100s of coins including LGB.

What is LGB?

LGB is an ERC-20 digital collectible meme coin on the Ethereum Blockchain that allows owners to digitally voice their support for America and the American dream. According to its official website, it aims to inspire positivity and patriotism and ‘to have some fun while doing it.’ LGB is not inherently political as a meme currency. The creators quote Brandon Brown as saying, “There’s far more that unites us as Americans, regardless of where you may vote.”

LGB provides the financial resources to help Brown stay competitive and empower him to do what he loves: driving. They don’t expect Brandon to lead a political movement; only want him to have the support to continue living the American dream.

Should I buy LGB today?

There is a plethora of meme coins on the market and it’s hard to say which will survive and even harder to say which will thrive. If you want to support Brandon Brown, LGB can be worth investing in.    

LGB price prediction

Price Prediction forecasts the price of Let’s Go Brandon will go up to at least $0.00000172 in 2022 and at least $0.00000240 in 2023. That year, the maximum LGB price will be $0.00000295 with the average trading price of $0.00000248. The following year, 1 LGB will trade for at least $0.00000344. In 2025, the minimum possible price of Let’s Go Brandon will be $0.00000492.   

LGB on social media

The post Introducing LGB, the token that gained 52% today: where to buy LGB appeared first on Coin Journal.

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AAVE is one of today’s biggest winners with added value of 14%: best places to buy AAVE now

The live Aave price today is $272.41 with a 24-hour trading volume of $591.8 million. Aave is up 13.58% in the last 24 hours. If you want to know what AAVE is, if it’s worth investing in, and the best places to buy AAVE should you decide to, you’re about to find out.  

Top places to buy AAVE now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy AAVE with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy AAVE with Capital.com today

What is AAVE?

Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017. It was rebranded in September 2018. AAVE provides holders with discounted fees on the platform, but it also serves as a governance token, giving owners a say in the future development of the protocol.

Should I buy AAVE today?

The majority of analysts are bullish on AAVE, but take all predictions and investment advice with a grain of salt.   

AAVE price prediction

Digital Coin Price predicts the price of AAVE will reach $437 in 2022 and rally further to cross $600 by the end of 2024. By the end of 2025, the price may hit $551. Coinpedia forecasts the price may easily surpass the $450 mark in the next year if the network launches upgrades, such as liquidity mining and staking and game maker launch. If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $287, which is still higher than its current price.  

AAVE on social media

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Cosmos is surging, up 14% in the last 24 hours: the top places to buy ATOM

The live Cosmos price today is $31.75 with a 24-hour trading volume of $1.14 billion. Cosmos is up 13.60% in the last 24 hours. If you want to know more about Cosmos and ATOM, its native token, like where to buy ATOM, look no farther than this quick and informative guide.  

Top places to buy ATOM now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy ATOM with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy ATOM with Capital.com today

What is ATOM?

Cosmos is described by its creators as a network that solves some of the biggest problems in the blockchain industry, such as costly and unscalable protocols. It aims to be the antidote to PoW protocols, which are cumbersome, costly, unscalable, and damaging to the environment, by making an ecosystem of connected blockchains available.

The other targets include making blockchain technology easier for developers through a modular framework simplifying decentralized apps.

Should I buy ATOM today?

Read at least several price predictions and ATOM analyses before deciding to invest in it and never buy more than you can afford to lose.  

ATOM price prediction

Gov Capital is very bullish on ATOM, predicting its price will more than double in 1 year, reaching $67. Their 5 year ATOM forecast is $345.

ATOM on social media

The post Cosmos is surging, up 14% in the last 24 hours: the top places to buy ATOM appeared first on Coin Journal.