Monat: Januar 2022

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You can now buy Beta Finance, which gained 28% in 24 h: here’s where

Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets, which is becoming more and more popular. This article explains what Beta Finance is, whether it’s worth investing in, and the top places to buy Beta Finance now.

Top places to buy Beta Finance now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy BETA with Binance today

What is Beta Finance?

Beta Finance is an ecosystem that allows users to access a scalable and accessible money market where tokens can be listed permissionlessly and automatically and where users can short these tokens.

Users have three options: lending, borrowing and shorting. Lenders will be able to lend crypto assets for any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers are able to use collateral to initiate short positions.

Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers.

Should I buy Beta Finance today?

Beta Finance can be a lucrative investment, but take the time to read price predictions and take all investment advice with a grain of salt.

Beta Finance price prediction

Price Prediction forecasts the price of Beta Finance will be at least $1.16 in 2023, up from $0.70 at the moment. It can go up to $1.37 with the average price of $1.20 throughout 2023.

In 2024, the price of Beta Finance will reach at least $1.70 and $2.04 at most with the average trading price of $1.76. In 2025, it will trade for at least $2.51.

Beta Finance on social media

The post You can now buy Beta Finance, which gained 28% in 24 h: here’s where appeared first on Coin Journal.

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Suku is skyrocketing today, up 57%: here’s where to buy Suku

The live SUKU price today is $0.57 with a 24-hour trading volume of $65.6 million. SUKU is up 57% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Suku, this guide is for you.

Top places to buy Suku now

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

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

What is Suku?

SUKU is an ecosystem of blockchain-based Web3 solutions designed to empower innovative brands and creators to engage with their audiences in entirely new ways and in both physical and virtual worlds, including the Metaverse.

The SUKU Ecosystem is a suite of engagement solutions that together become the infrastructure for brands and creators to thrive. It can expand the presence of brands and communities in the Metaverse.

SUKU Omni ensures transparency and traceability. This feature can transform supply chains into verifiable and engaging stories for customers.

Finally, SUKU DeFi enables microlending and collateralization.

Should I buy Suku today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Suku price prediction

According to Digital Coin, the price of SUKU cryptocurrency will rise in the next 5 years starting from $0.57 as of today’s price to $2.17. It will go up to $0.7 in 2023, then decline slightly before starting to grow again.

Suku on social media

The post Suku is skyrocketing today, up 57%: here’s where to buy Suku appeared first on Coin Journal.

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MicroStrategy isn’t in the business of selling Bitcoin even if prices crash, says CEO Michael Saylor

  • MicroStrategy CEO says the company’s strategy is to buy and hold Bitcoin, not sell.

  • The company has over $5 billion worth of BTC.

The CEO of MicroStrategy Michael Saylor says that the business intelligence firm, and one of the biggest holders of Bitcoin, has no plans to sell its holdings.

Not even when the cryptocurrency space continues to face headwinds in 2022 following a stellar 2021 that saw most crypto assets hit new all-time highs.

Bitcoin price raced to a peak of $69,000 in November last year, with the flagship cryptocurrency outpacing the S&P 500 for the fourth year in a row. However, the price has fallen significantly over the past two months. In the past 30 days, BTC’s price has declined 13%. 

After closing 2021 with over 70% in gains, the correction has seen gains over the past year cut to just 14%.

Asked if the crypto winter is something that worries him personally, Saylor noted:

“If you are going to invest in Bitcoin, a short time horizon is four years, a mid time horizon is ten years, [and]the right time horizon is forever.”

He told Bloomberg that his company isn’t in the business of selling, and when asked what happens if prices tank further, the MicroStrategy chief responded:

„We’re not sellers. We’re only acquiring and holding Bitcoin. That’s our strategy,“

During the interview, Saylor noted that price declines across crypto don’t worry him at all. He also expressed confidence in Bitcoin as an inflation hedge.

According to him, the cryptocurrency offers “the best defense against inflation” and nothing currently beats holding the Bitcoin standard.

“I don’t really think we could do anything better to position our company in an inflationary environment than to convert our balance sheet into bitcoin,“ he explained.

Saylor added that the company’s decision to buy Bitcoin stemmed from observations made across the industry. He said doing “nothing”- referring to a situation where the MicroStrategy had not bought any BTC- would be consequential.

He said he has witnessed 99% of competitors close shop, and that he felt the company would be “headed” in that direction if they maintained the status quo. Rather tellingly, he noted that the company faced two options: to “either adopt a Bitcoin strategy, or sell the company.”

He said they chose to buy the digital gold.

MicroStrategy‘s holdings number 124,391 BTC after a series of purchases following its pioneering move in 2020. At current prices, the company’s haul is worth over $5 billion.

The post MicroStrategy isn’t in the business of selling Bitcoin even if prices crash, says CEO Michael Saylor appeared first on Coin Journal.