Monat: Februar 2022

Volt Inu (VOLT) has announced it will be listing its token on the crypto exchange Hotbit. It’s a major move for the meme coin, but this did not translate into gains in the price action. Here are some highlights:

• As news of the listing started to come out, Volt Inu (VOLT) was down nearly 35% in less than 24 hours.

• At press time, the coin had paired some of these losses but was still down by a whopping 15%.

• Volt Inu (VOLT) is also planning to list on major CEXs including Bitmart and Singapore-based XT.

Data Source: Coinmarket.com

Volt Inu (VOLT) – Price action and analysis

In most cases, when coins list on major exchanges, they often skyrocket. But it seems Volt Inu is not following the script. As soon as the news broke, the token was already lower by 35%. 

There has been some recovery however as the day progressed. At the time of writing, the coin was down around 16%. VOLT also saw a surge in trading volume in the last 24 hours, rising by around 30%. 

We are also hearing that there are plans to list the meme coin on other major CEXs including Bitmart and Singapore based exchange Xt.

Is Volt Inu (VOLT) prime for investment now?

When meme coins list in some of the leading exchanges, they often tend to rise sharply. This is the case for VOLT. Although it’s the latest listing on Hotbit did not have major effects on the price action, when the token gets on platforms like Bitmart, we will see some advances no doubt. 

However, as with all meme coins, there is always a lot of downside risk with such tokens. It’s not the kind of crypto you want to be holding when the market is down. So, for short-term plays, VOLT is a decent crypto.

The post Volt Inu (VOLT) tanks by nearly 35% barely hours after listing on Hotbit appeared first on Coin Journal.

New NFTs are being minted virtually every day thanks to the ERC-721 standard that made it possible. However, of the numerous NFTs, here are the top five picks to buy before February runs out and they are on OpenSea.

To buy any of these NFTs, simply purchase some Ethereum (ETH) from our recommended partner and send it over to your MetaMask wallet. You can then use that ETH to buy the NFTs on OpenSea.

1. CryptoPunks

CryptoPunks started the NFT movement with a collection of 10,000 unique punk arts. It is the brainchild of Larva Labs and was developed on the Ethereum platform. The collection consists of apes, humans, aliens, and zombies, including 3840 females and 6039 males. They were initially available for free but are now one of the most expensive NFTs.

Its average price for the last 7 days is 110.3746 ethers and over 829,000 ethers have been traded for it since its creation. Only about 3,400 have been bought out of the 10,000. So, you can still buy into the collection and be a proud CryptoPunk owner.

Check out the CryptoPunks available to buy on OpenSea now.

2. Bored Ape Yacht Club (BAYC)

Bored Ape Yacht Club was created by Yuga Labs and it comprises 10,000 different Bored Apes. These apes have over 170 different characters, varying from clothing to headwear, expression, colour, and so on. At launch, it cost 0.08 ether. However, its floor price is 91 ether right now with over 6,000 owners.

It has traded a total volume of over 389,000 ethers. Owning a Bored Ape gives you access to the club, enjoying perks and areas in the club. It will give you access to a collaborative room for graffiti- the bathroom. All you need to do to be a part of this is buy a Bored Ape.

3. Doodle

Doodle is a community-driven collection that features the work of Burnt Toast. It is made up of 10,000 different Doodles with varying sizes, backgrounds, faces, colours, hairs, and hats. Initially, a Doodle cost 0.123 ether, however, it is worth 13.6 ethers now. As of today, about 78,000 ethers have been exchanged for Doodles.

Owning a Doodle allows you to determine the activations and experiences the Doodle Community Treasury can be used for. Its followership is growing with only 4,000 items left to be bought. Get yourself a Doodle now, don’t wait any further.

4. Cool Cats

Unlike most NFTs, Cool Cats is made up of 9,999 items. These unique items possess about 300 varying features from the body to face, outfit, and hat. There are 4,599 cool cats, 3000 wild cats, 1750 classy cats, and 650 exotic cats with varying coolness. Cool Cats with matching sets of features are always rare and expensive.

As of today, the floor price is 10.4 ethers and over 83,000 ethers have been traded. Over 5,000 items already have owners. You can buy one or two Cool Cats to have access to exclusive events in the community, including raffles, airdrops, NFT claims, and future perks.

5. Alien Frens

Alien Frens is a community-driven project created by Mason Crowe. It features 10,000 unique items, including 4,000 common, 3,000 semi-rare, 2,000 rare, and 1,000 ultra-rare. Each avatar contains both human and alien traits. It has a floor price of 1.7 ether with over 18,000 ethers in trading volume.

Getting an alien frens is tough now as more than 6,000 items already have owners. Owning it gives you access to comic books, events, exclusive merch, and invasions among others. You can buy an alien frens now to join the exploration of Planet Frens.

The post Top 5 NFTs to buy in February appeared first on Coin Journal.

 Meme tokens are cryptocurrencies created as a form of a joke or a meme’s digital representative. Most meme tokens are known for their outrageous supply. This movement was led by Dogecoin; the pioneer meme token that most copy. Two of the meme tokens that credit their inspiration to Dogecoin are Shiba Inu and Baby Dogecoin.

 Baby Dogecoin is based on Dogecoin and was launched in June 2021. Unlike Dogecoin, it has 420 quadrillions total supply, which has been pre-mined to serve as incentives for holders. It was created independently to implement things, not in Dogecoin, and to serve pet charity purposes. It boasts as a hyper-deflationary token, having implemented coin burning to introduce scarcity, reflection, and liquidity pair acquisition.

 Shiba Inu is the meme token of the Japanese Shiba Inu dog, which was launched anonymously by Ryoshi in August 2020. Unlike many meme tokens, it has an ecosystem that supports its tokens- SHIB, BONE, and LEASH. It was launched on the Ethereum blockchain, and the principal token was issued on the Uniswap exchange. There is a total supply of 1 quadrillion which is used on the ecosystem.

 As of today, the number of people holding BABYDOGE is more than that of SHIB. This can be attributed to the hidden part Elon Musk has been playing in driving the adoption of most meme coins. However, BABYDOGE has no noteworthy use-cases, and as such SHIB is a profitable meme in the long run. Shiba Coffee Shop, Newegg, NOWPayments, and Bigger Entertainment are some of the supporters of the Shiba Inu community burns.

 There are also plans to launch a blockchain and a DEX platform. Likewise, it is close to launching an NFT gaming platform with its partner Playside. Businesses, including AMC Theaters and Newegg, are accepting it as payment. SHIB is worth $0.00003258 right now with a market cap of $17.9 billion, while BABYDOGE costs $0.000000003926 with a market cap of $627.9 million.

 Of the two, SHIB would make a long-term profitable investment. However, it should be noted that meme tokens are far more volatile than most cryptocurrencies. Before you invest, research as deep as you can and deal wisely.

The post Shiba Inu (SHIB) vs Baby Dogecoin (BABYDOGE): The profitable meme coin appeared first on Coin Journal.