Monat: Januar 2022

Crypto market as a whole is bearish, particularly the top 20. The DJ30 (+0.68%) and SPX500 (+0.64%) hit fresh highs yesterday in the first trading session of 2022. The NASDAQ100 (+1.2%) also closed higher. Tesla was the standout performer on the SPX500, advancing 13.5% after smashing analysts’ sales expectations.

Top cryptos

Most of the top 20 by market cap have lost value, with Polkadot and Algorand being exceptions in the top 12. Solana dropped more than 3%, Cardano and BNB were down more than 2.5% and XRP slid more than 2%. Bitcoin was trading above $46,000, down approximately 1.5% at time of writing.

The live NEAR Protocol price today is $17 with a 24-hour trading volume of $1.4 billion. NEAR Protocol, which ranks 15th, is up almost 20% in the last 24 hours.

Fantom, ranking at #19, was trading at $2.89 at the time of writing. It is up 19% in the last 24 hours. It is relentless as it corrects its previous pullback. It has been on a constant bull run since December 13, 2021, and analysts believe it will reclaim its ATH of $3 before the end of January.

Another winner is ATOM, the token of Cosmos. Its price today is just over $39 with a 24-hour trading volume of $2 billion. Its native token, ATOM, is up 10% in the last 24 hours.

Top movers

Hathor is the biggest top 100 winner today with gains of 25%. It arranges its transactions in a DAG – outside the blocks – which are confirmed by the blocks. This design reportedly allows Hathor to be highly scalable and decentralized. Hathor aims to tackle the complexity of creating a new token. Tokens in the network will reportedly operate with the same scalability and security parameters as the native HTR token.

Ravencoin is second with gains of 17%. It is a digital peer-to-peer network that aims to implement a use case specific blockchain, designed to efficiently handle asset transfer between parties.

Velas and Secret both gained 13% today. Velas bills itself as the world’s fastest EVM blockchain, enabling up to 75 000 tx/s, processed instantly, with high security and low cost. Secret is the native token of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3.

Akash is the world’s first decentralized cloud computing marketplace, and the DeCloud for DeFi. It is also up 13% today. Tezos has gained 12% in the last 24 hours.  

Trending

Saitama, a community-driven token and platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone, is up almost 50% today. It started as a meme coin, but eventually expanded beyond that. It’s surging on news of a potential Binance listing.

Shuna Inuverse, a next gen gaming NFT utility initiative, is the biggest trending coin of the day with value growth of 831%.

The post Market highlights January 4: Cryptos bearish, Tesla up 13%, leads SPX500 to record high appeared first on Coin Journal.

• Antoni Trenchev is bullish Bitcoin will trade higher this year, possibly hitting $100k in the summer.

• He believes institutional adoption and “cheap money” are key to pushing BTC prices higher.

Antoni Trenchev, the co-founder of the crypto lending platform Nexo, argues that the next six months could see Bitcoin price surge to the psychological target of $100,000.

Bitcoin failed to reach the $100k mark in 2021, fading its bull run in November when it hit the all-time high of $69,000. The miss saw bold predictions for the flagship cryptocurrency to reach the milestone before the end of the year rehashed for a fresh bid in 2022.

Trenchev isn’t alone in calling for a BTC price in the six-figure zone. Last week, El Salvador president Nayib Bukele also made this call, noting in via Twitter that the year will also see two other countries adopt the benchmark cryptocurrency as legal tender.  

2022 predictions on #Bitcoin:

•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf

— Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022

But while his prediction has Bitcoin at the landmark target by end of the year, Nexo’s Trenchev says it’s possible the threshold could be breached even earlier. He told CNBC’s “Street Signs Asia” that pioneer cryptocurrency could be trending at $100,000 by mid-year.

Inflation hedge and “cheap money” 

Trenchev is looking at two scenarios that could aid Bitcoin’s upward price trajectory. He sees a spike in institutional investment as a boon for the industry, with inflows into Bitcoin aiding the bullish case. On this, he suggests inflation will see a growing number of investors seeking a hedge asset like Bitcoin. 

He also believes there’s a lot of “cheap money” ready to come into crypto, despite this likely to be upended by Fed interest rate hikes.

Noting that he holds a “contrarian” view, the Nexo boss believes the money will flow into Bitcoin as an inflation hedge. He looks at the scenario where equities and bond markets take a hit as soon as the central bank hikes the interest rates.

Yet, according to him, there hasn’t been “much political will” for an extended correction in the legacy markets, which could play out in support for “cheap money” flowing into Bitcoin.

Nexo launched its crypto lending service in 2018 and says on its website that its available in more than 200 jurisdictions, with over 2.5 million customers.

In the market, Bitcoin currently trades around $46,260 after breaking below $50,000 once again.

The post Nexo co-founder believes Bitcoin could reach $100,000 by mid-2022 appeared first on Coin Journal.

The live Saitama price today is $7.57e-8 with a 24-hour trading volume of $80.9 million. Saitama is up 48% in the last 24 hours. If you want to know what Saitama is, if it’s worth buying, and the best places to buy Saitama, look no farther than this short guide.    

Top places to buy Saitama now

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

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

What is Saitama?

Saitama is a community-driven token and platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone. According to its whitepaper, it focuses on Gen Z investors, 93% of whom feel confused or frustrated when it comes to finance. Saitama’s vision is to provide them with content that teaches how money works while they invest, thereby opening opportunities for wealth creation. To achieve that, Saitama plans to develop its own ecosystem, including a marketplace, a smart wallet, an NFT-based launchpad platform, and a multi-channel content platform.

Saitama is currently in stage 3 of 5 in its roadmap. It further plans to launch a marketing campaign on TikTok and Twitter to raise awareness and reach 100,000 holders. That will likely go hand in hand with launching parts of its ecosystem. In its final stage, Saitama pledges to donate to student bodies and educational charities.

Should I buy Saitama today?

Meme coins like Saitama can be particularly volatile. Dogecoin and Shiba Inu are cases in point. While Saitama shows great promise, it can reverse its rapid gains very easily. Read price predictions and do market research before you decide to invest in it.       

Saitama price prediction

YouTuber Active Investors predict Saitama might explode in the next few years. They suggest that the novel burning mechanism can result in thousandfold price growth in just two years. To make this possible, more tokens need to be burned, so more transactions must take place.  

Saitama on social media

🐺🔥 pic.twitter.com/wcArAte7Wm

— Saitama Official (@InuSaitama) November 14, 2021

 

The post You can now buy Saitama, which is surging today: here’s where appeared first on Coin Journal.

Bomber Coin (BCOIN) is the token of Bombcrypto, a classic play-to-earn game where players can buy bomber heroes and participate in exciting game modes. It shows great promise, having added almost 7% to its value today. This guide has everything you need to know about Bomber Coin, including the top places to buy it today.   

Top places to buy Bomber Coin now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

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

4. You can now swap your BNB for BCOIN

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

What is Bomber Coin?

The token of the game has 3 modes. Treasure Hunt – Autoplay mode allows bomber heroes to plant their bombs in search of Bcoin tokens and NFT items. Story Mode – Adventure players fight monsters, destroy bosses and get valuable items. PVP players participate in matches with other players, trying to win and get NFT rewards. Buy House Players can buy houses to help bomber heroes recover mana faster.

The game has a hero upgrade mechanism by using a hero of the same level as the hero to be upgraded as a material, the hero as a material will be lost after the upgrade is successful. This will help avoid hero inflation in the game, thereby increasing the value of heroes in the future.

Should I buy Bomber Coin today?

Play to earn game tokens are only as popular as the respective game. If interest in the game wanes, the coin will start losing value. Competition is cutthroat in this niche, to put it mildly, so be careful if you want to invest in Bomber Coin.    

Bomber Coin price prediction

Coin Data Flow predicts growth for Bomber Coin. Their forecasts are based on Bomber Coin’s share of Bitcoin’s previous average growth per year. If it has 1% of this growth, its price will be $1.97         in 2023, $2.02 in 2024, and $2.07     in 2025. If it has 2%, the price will be $2.02, $2.13, and $2.24 in 2023, 2024, and 2025 respectively. If Bomber Coin has 5% of Bitcoin’s previous average growth per year, these numbers are projected at $2.17, $2.45, and $2.77.

Bomber Coin on social media

List of Trending Blockchain Games by @play2earncrypto @TheSandboxGame @ThetanArena @TowerToken @Zodiacs_token @BombCryptoGame @RiseCityNFT @cryptocarsgame @GodsUnchained @illuviumio @MetaCarsNFT @FarmersWorldNFT @HeroesEmpires @LeagueKingdoms @vs_nft @splinterlands #GameFi pic.twitter.com/F3DZb1bl08

— HC – Capital (@hc_capital) January 3, 2022

The post You can now buy Bomber Coin, which gained 7% in 24 hours: the best places to buy Bomber Coin appeared first on Coin Journal.