Monat: Januar 2022

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These are the most popular cryptocurrencies among Institutional investors right now

Institutional investors have been warming up to the idea of crypto investing in recent years. In fact, in 2021 we saw increased institutional capital into crypto, and this is expected to continue in the long term. After all, cryptocurrencies are now a serious asset class for all investors. Here is why this trend is very important for retail or individual investors:

  • Institutional investments in crypto are likely long-term and as such, there is potential for increased asset value.

  • The flow of institutional money gives crypto more credibility, something that attracts more individual investors.

  • However, institutional capital is not flowing in all assets in fact, only a select list of cryptocurrencies is benefiting.

At first glance, you’d expect Bitcoin (BTC) to be an obvious choice for institutional money. But this is not true. Although Bitcoin is still a huge part of crypto, most institutional investors are keen on these two coins:

Ethereum (ETH)

Ethereum (ETH) is the second biggest crypto by market cap. The main reason why the coin is attracting a lot of investors, not just institutional ones, is based on its overall ecosystem. Ethereum provides a platform where developers can launch decentralised applications. 

Data Source: Tradingview.com 

In fact, thousands of new projects have been launched on Ethereum, and the chain accounts for the highest percentage of new DApps in the market. This makes it a crucial driver of blockchain technology and innovation in the future.

Cardano (ADA)

Cardano (ADA) is also a scalable blockchain that uses the proof of stake consensus to validate transactions. Like Ethereum, the chain also provides an efficient platform where developers can launch DApps. 

Cardano was founded in 2017 and has since grown to become one of the most valuable blockchains in the world. It is also attracting the interest of institutional investors. At the time of writing. ADA was selling for $1.34 with a market cap of $44.7 billion.

The post These are the most popular cryptocurrencies among Institutional investors right now appeared first on Coin Journal.

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FTX CEO says regulatory clarity could herald a “tidal wave” of institutional crypto adoption

  • Regulatory clarity and institutional adoption are areas of note for the crypto space in 2022, says the FTX chief executive Sam Bnakman-Fried.

  • FTX CEO says the industry should expect the first batch of crypto regulation this year.

Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, has said that the crypto space could see an explosion in institutional investments in 2022, citing the potential for more clarity in the regulatory climate in the US and across the globe.

Although he sees the “first batch” of crypto regulations out this year, Bankman-Fried says the industry should not expect so much movement around the topic.

The FTX boss says that a lot of what happened in 2021 was just “preparatory” work, adding that he doesn’t think there will be loads of activity. But he is “optimistic” that institutional investors will be ready if the regulatory climate is conducive for them to make a splash.

„I do think that there’s going to be a lot happening this year. We’ve already seen what happened last year,” he said, adding that “a lot of that has been preparatory.“

A long march to institutional crypto adoption

Bankman-Fried told Bloomberg in an interview that should major institutional players see a move towards clear oversight and regulation, the amount of investment that could come into crypto would be in a “tidal wave.”

Yet, he feels that the much anticipated global institution adoption of crypto might not happen in a swoop this year. Just like with the move towards global regulation, he believes it’ll take time for widespread mainstream adoption of cryptocurrencies on Wall Street.

According to him, this whole process could span a few more years even as the market grows.

„It’s going to be a long process, probably stretched out over a few years,“ the FTX chief noted.

On the question of who it is in the investment world, he sees getting onto the crypto bandwagon in 2022 and beyond, Bankman-Fried pointed to  “every large bank, every large investment bank, [and] pension funds,” He noted all these players have explored the crypto sector.

The FTX CEO also talked about metaverse and non-fungible tokens (NFTs), sectors that have Big Tech and Wall Street buzzing. These were breakout technologies in 2021 and Bankman-Fried believes they could be key components of the Web 3.0 space.

Sam Bankman-Fried also talked about the issue of crypto regulation in December, emphasising the need for proper oversight that promotes the industry. He told CNBC’s “Mad Money” show :

“Let’s make sure that the regulatory oversight that needs to be there is there and oversight that doesn’t make sense isn’t gumming the industry,”

It’s a call many within the crypto space have made, with countries such as the US, UK, and India showing signs and intent in 2021.

The post FTX CEO says regulatory clarity could herald a “tidal wave” of institutional crypto adoption appeared first on Coin Journal.

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The best blockchain gaming projects to buy right now

Play-to-earn games are becoming quite popular on the blockchain. This is seen as a huge part of the metaverse gaming section in crypto and as such, many investors are warming up to these tokens. Axie Infinity (AXS) has been one of the main blockchain gaming tokens the past year, but there are more others to note. But first, some highlights:

  • The blockchain gaming subsector in crypto is new and as such, it still has a lot of potential value to unlock.

  • The rise of the metaverse will be one of the key catalysts for growth in blockchain-based games.

  • There is a lot of increased institutional capital flowing towards metaverse related or blockchain gaming right now.

So, if you are thinking of putting some money on these gaming assets, here are two interesting tokens to check out right now.

Splintershards (SPS)

Splintershards (SPS) is a collectible card game that runs on the Ethereum blockchain. Players earn NFT card collections, with each card featuring some unique attributes. The cards can be bought and sold across the game using the native SPS token. 

Data Source: Tradingview.com 

On average, Splintershards gets around 300,000 active daily users, making it one of the most popular blockchain games right now. The SPS token is, however, trading at a very low price. At the time of writing, it was selling for $0.2112 with a market capitalisation of around $73 million.

Tiny Colony (TINY)

Tiny Colony (TINY) is an upcoming construction and management simulation game built on the Solana (SOL) chain. The game is played inside a virtual metaverse where players build and grow ant colonies. 

Players can also form alliances and participate in community events inside the metaverse. The in-game currency and governance token for the game will be TINY. This is an upcoming project, and you have a chance to get in before it launches officially.

The post The best blockchain gaming projects to buy right now appeared first on Coin Journal.

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The best new and upcoming crypto projects to buy into in 2022

If there is anything we learned from the crypto market in 2021 is that getting in early matters. Projects in blockchain have typically experienced explosive growth, and those who invested early tend to rip off the biggest reward. Although there are still some risks, here is are some of the reasons why buying new and upcoming crypto projects makes sense:

  • You simply get in while the price is still low and ride the upward momentum in the future if the crypto explodes.

  • Since the price is still low at the start, the overall downside risk is relatively low compared to assets that have already peaked.

  • Most new crypto projects are likely to achieve important developmental milestones in the future, something that bumps up the price.

Now, if you are looking for new and upcoming crypto projects to start investing in, we have two options here worth your attention:

Pulse Prediction Markets (PULSE)

Pulse Prediction Markets (PULSE) is an innovative DApp built on the NEAR ecosystem. The app is designed to use the power of Flux Oracle to resolve common prediction market issues and provide accessible and efficient platforms for users. The project is run by traders using the Pulse DAO where PULSE, the native governance token is used to influence administrative decisions. 

Data Source: Tradingview.com 

As one of the core projects on NEAR, Pulse is still very nascent and offers superb potential for future growth. At the time of reporting, it was trading for $0.1589, up nearly 25% in 24 hours.

Bit Hotel (BTH)

Bit Hotel (BTH) is an upcoming play to earn social blockchain game. The project is in the high potential gaming metaverse section and promises to rival other popular blockchain games like Axie Infinity. The native token BTH is the main in-game currency and can be used for governance as well. At the time of writing, BTH was trading for $0.1808.

The post The best new and upcoming crypto projects to buy into in 2022 appeared first on Coin Journal.

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Best cryptocurrencies for trading crypto derivatives

A crypto derivative is a financial product or instrument whose intrinsic value is based on the value of an underlying crypto asset. There are many crypto derivatives including futures, options, and Contracts for Difference or CFDs. Here are some important facts about these instruments:

  • Crypto derivatives are available on selected exchanges only and come with a significant degree of risk.

  • Derivatives are typically leveraged products with the potential of making rapid gains or losses within a short time.

  • Not all cryptocurrencies are available for derivatives trading, but more are expected to be in the near future.

Well, for investors who want to take advantage of leveraged derivatives in the crypto market, here are 2 assets to consider:

Bitcoin (BTC) Derivatives

As the most established crypto in the world, it was only a matter of time before trading in Bitcoin (BTC) derivatives started. In fact, exchanges like Binance have dedicated derivative products for Bitcoin including futures, options, and others. 

Data Source: Tradingview.com 

Also, Bitcoin (BTC) is supported across all the major exchanges, giving you more flexibility to trade. Many online brokers also provide leveraged Bitcoin (BTC) derivatives to global clients. It should therefore be easier to invest and besides, with the kind of liquidity you get with Bitcoin, filling orders is going to be very easy.

Ethereum (ETH) Derivatives

Ethereum (ETC) derivatives are also supported in literally all exchanges. Also, this is a coin that generally gets huge trading volume and as a such, it offers enough liquidity to trade leveraged derivatives with ease. 

Exchanges are also creating highly customised Ethereum (ETH) products that can be a bit complex for the average investor. But the key thing to remember here is that the value of the derivative will always rely heavily on the value of Ethereum (ETH) in the open market. At the time of writing, ETH was trading at $3, 812.

The post Best cryptocurrencies for trading crypto derivatives appeared first on Coin Journal.