Monat: Dezember 2021

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The best low-cap Stablecoins that could explode in 2022

Stablecoins are digital assets whose value is based or derived from the value of another underlying asset, mostly another cryptocurrency, fiat currency, or commodity like gold. These coins are used to hedge against market volatility. In recent months, market-wide volatility in the crypto space has been huge, and as such, the growth of Stablecoins has surged. Here are some highlights:

  • In 2021 for example, the Stablecoin market was up by nearly 450% to hit a valuation of $150 Billion.

  • Last month, US Treasury Secretary Janel Yellen admitted that Stablecoins have the potential to support payment systems

  • These coins are expected to keep growing in 2022, with triple-digit growth already in the cards

But what if you are not interested in large-cap Stablecoins like Tether or Binance USD? Well, here are some low cap coins that could explode in value next year: Here they are:

PAX Dollar (USDP)

Pax Dollar (USDP) is a flat collateralised Stablecoin that was founded in 2018. The coin is hoping to use blockchain to help stabilise the US dollar against other fiat currencies. Stablecoin is also planning to develop an advanced ecosystem that would make it easier for people to mobilise digital assets in a more efficient manner. 

Data Source: Tradingview.com 

At the time of writing this post, USDP was trading at $0.9993. The stablecoin also had a market cap of slightly below $1 billion. There is still room for the coin to grow even further next year.

TerraKRW (KRT)

For investors looking for Stablecoins with a significantly low market cap, then TerraKRW (KRT) is a good place to start. Terra basically offers investors a network of “price-stable” crypto assets that are pegged to the leading fiat currencies in the world. The coin at the time of writing was trading at $0.0008537. Besides, with a market cap of around $36 million, there is still a lot of value to be unlocked here.

The post The best low-cap Stablecoins that could explode in 2022 appeared first on Coin Journal.

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Want to Invest in Decentralised exchanges? Here are the best coins to consider

Decentralised exchanges or DEXs have often been touted as the future of crypto exchanges. Although they don’t offer the kind of liquidity associated with centralised platforms, DEXs are mostly permissionless and non-custodial. They also offer added privacy, and from an investor’s point of view, they have grown immensely the past year. Here are some highlights:

  • Data shows that the number of DEXs has grown massively since 2019

  • Also, large crypto transactions are growing at a rapid pace on decentralised platforms

  • Leading DEXs are adding support for a wide range of crypto assets, making them convenient for investors.

In case you’d like to ride the growth of DEXs in the near and long term, then there are two platforms and their native tokens you can consider. Here they are:

AirSwap (AST)

AirSwap (AST) is a fully decentralised exchange built to offer peer-to-peer trading. The platform support transactions in a huge variety of crypto assets with low fees and faster speeds. AirSwap is also noncustodial and uses standard RFQ and Last Look protocols to help power a vast peer-to-peer trading network. 

Data Source: Tradingview.com 

Its native AST token is used for platform transactions and as the governance token as well. AirSwap is one of the most promising DEX projects today. AST tokens were trading at $0.2936 at the time of writing this post. AST also had a market cap of $44 million, meaning the upside for growth is very high.

1Inch Exchange (1INCH)

1Inch.Exchange (1INCH) is more of a DEX aggregator and trading platform that scans the entire crypto market to give you the best trades with the lowest transaction fees. It is also non-custodial and compatible with a wide range of crypto assets and wallets. 

1inch is the native governance token for the exchange, and at press time, it was selling at $2.48 with a market cap of around $1 billion.

The post Want to Invest in Decentralised exchanges? Here are the best coins to consider appeared first on Coin Journal.

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Crypto exchange Kraken completes acquisition of Staked

The deal marks the fifth of Kraken’s acquisitions this year, which have contributed to the 950% growth seen this year, according to the company

Crypto exchange Kraken said on Tuesday that it had completed the acquisition of Staked, a US-based non-custodial staking platform. Though the company did not reveal further details on the financials around the deal, it held that it was “one of the largest crypto industry acquisitions to date.”

With this new venture, Kraken plans to expand support for proof-of-stake networks and avail new innovative products on its platform for its customers.

Staked employees will remain onboard

Further, Staked CEO Tim Oglivie and his entire team would continue to work as part of the business.  Kraken’s CEO and co-founder Jesse Powell spoke of the deal, voicing his excitement on Staked as one of the standout yield products as it has seen significant uptake from a considerable portion of crypto investors.

Welcoming Staked’s client base to its new home, he explained that Staked offered a highly complementary addition to Kraken’s business model. As such, it would facilitate the crypto exchange in reinforcing its product offering for customers that would keep hold of their staked assets.

“We’re excited to welcome Staked’s clients to Kraken and believe that they will benefit from access to our wider portfolio of products as they seek to broaden their engagement with digital assets.”

Staked offers customers non-custodial staking by which users can earn yield from their crypto assets without the need to necessarily relinquish them. Its incorporation would therefore complement Kraken’s custodial staking. Moreover, Staked gets to join an exchange with world-class infrastructure that optimizes user experience and eliminates the weighty barriers of entry.

Kraken has been adding crypto entities to its portfolio

Kraken’s staking business has seen some significant growth over the course of the year, recording a more than 950% growth in the period reaching November.  The exchange’s staking business clocked $16 billion, with its clients receiving staking yields worth more than $500 million.

Noteworthy, Kraken’s endeavors into acquisitions and investments have played an enormous part in this growth. Over the last few years, the company has added Bit Trade, Circle Trade, CryptoFacilities, CryptoWatch, and other crypto companies onto its portfolio. Staked being  the company’s fifth acquisition this year, Powell said that the company’s business has now evolved to offer something more to customers than just the custodial and trading services.

“We’ve become a holistic crypto platform with a diverse range of products that serves the needs of retail, professional, and institutional clients. Heading into the second decade in our company’s history, I’m excited about the future and Kraken’s continued support of the world’s shift to Web3 and DeFi.”

The post Crypto exchange Kraken completes acquisition of Staked appeared first on Coin Journal.