Monat: Februar 2022

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Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP

The live Quantstamp price today is $0.098 with a 24-hour trading volume of $58.8 million. Quantstamp is up 34.36% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy QSP, this guide is for you.

Top places to buy QSP now

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

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

What is QSP?

Quantstamp is a leader in blockchain security providing expert security audits and blockchain solutions.

Top crypto and enterprise companies including Ethereum 2.0 (Prysmatic Labs Client), Binance, MakerDAO, Chainlink, eToro, and World Economic Forum choose Quantstamp to secure their blockchain applications.

QSP is an ERC-20 token used for verifying smart contracts on the decentralized QSP Security Protocol. Users can buy automated scans of smart contracts with QSP, and validators can earn QSP for helping provide decentralized security scans on the network.

Should I buy QSP 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.

QSP price prediction

Wallet Investor predicts a long-term increase in the price of QSP. In January 2027, they forecast 1 QSP will trade for $0.15, almost twice its current value. A 5-year investment will only generate revenue of around +56% though. If you invest $100 in QSP now, you’ll have $156 in 5 years.

QSP on social media

The post Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP appeared first on Coin Journal.

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The best choice of stablecoin: Tether (USDT) vs USD (coins)

 The volatility of most cryptocurrencies brought about the deployment of stablecoins. These assets are pegged to external assets, mostly fiat currencies. Of all the stablecoins, tether and USD coin rank higher and are both tied to the USD. Similarly, they are listed on virtually every exchange, dApp, and wallet.

 USDT was the first to be created and was issued in 2014 by Tether Limited to integrate fiat into the crypto space. It has the highest market cap and is the most traded in the market. It is used to conduct trading activities and to settle transactions on the various blockchains it is compatible with. Also, other cryptocurrencies can be converted to USDT to evade volatility while earning rewards for holding it.

 USDC is the stablecoin created by Circle Internet Financial and Coinbase and was launched in 2018. Transparency and stability are managed by Centre Consortium. It was deployed using the Ethereum blockchain and as such, it can be used by various dApps. This has made it popular in the DeFi ecosystem where holders can enjoy lending and high yield savings among others.

 Both stablecoins have a central authority and maintain a slightly fluctuating price. As of today, both coins have maxed out their total supply. In May 2019, USDC peaked at $1.17 but costs $0.99 right now. USDT is exactly $1 now but reached an ATH of $1.32 in July 2018.

 As stated earlier, USDT is the most traded with a market cap of $78.2 billion while USDC follows it closely with a $31 billion difference. Although they are both available on Ethereum, Algorand, and Solana, USDT has compatibility with Tron, EOS, OMG, SLP, and Bitcoin blockchains. USDC is inspected by Grant Thornton monthly and USDT is audited by Freeh Sporkin and Sullivan LLP.

 In choosing the better USD variant, the exchange would play a part. However, of the two, USDC is the better investment as it is stable, regulated, and regularly audited. Bear in mind that crypto investment is very risky no matter how stable it seems. Do your research and deal wisely.

The post The best choice of stablecoin: Tether (USDT) vs USD (coins) appeared first on Coin Journal.

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Render Token (RNDR) plunges by 15% in 24 hours despite outperforming the entire crypto market this week

Render Token (RNDR) has been a star performer in crypto over the last week or so. In fact, the coin has been outperforming the market, surging above most coins that appear to be recovering slowly from the January slump. But the coin saw immense selling pressure today, tanking by nearly 15%. Here are some highlights:

  • At press time, Render Token (RNDR) was trading at $3.27, down by 15% in the last 24 hours.

  • Despite the intraday plunge, RNDR is still 32% up over the last 7 days, indicating just how strong the recent uptrend has been.

  • The coin has in fact surged by over 70% compared to the lows of $1.8 recorded barely a week ago.

Data Source: Tradingview

Render Token (RNDR) – Can the uptrend hold?

Many analysts have a positive outlook on Render Token (RNDR). Based on the price action over the last week, there is no doubt the coin is on a bullish uptrend. The 15% 24-hour plunge could be a much-expected pullback. It does not change the overall outlook and as such, we expect Render Token (RNDR) to continue outperforming the market in the coming days. 

The key will be to watch if there is additional bear pressure in the coming days. Although it is unlikely, if the price retreats towards the $2.89 support zone, we may start to see RNDR lose momentum.

Should you buy Render Token (RNDR)

Render Token (RNDR) is billed as a distributed GPU rendering network designed to offer GPU computing power. The project is built on Ethereum and started operating in 2017. 

There are of course other blockchain projects that aim to offer decentralised computing resources. But Render Token (RNDR) targets the design industry and as such, it can realistically build a strong niche in this area. It is simply a decent asset to hold in the long run.

The post Render Token (RNDR) plunges by 15% in 24 hours despite outperforming the entire crypto market this week appeared first on Coin Journal.