Monat: Februar 2022

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Here is the reason why QuickSwap (QUICK) has been rallying for the last two days

QuickSwap price has been rallying for the last two days. This bullish trend is a good start for the month and it is still green.

On January 31, the QUICK price jumped 50%. Yesterday (February 1) it went ahead to register another surge of 168% from $166.40 to a daily high of $250.

At the time of writing, QuickSwap is trading at $194.50 and is up 10.73%. It has hit a high of $231.92 and a low of $175.56 in the last 24 hours; after a slight retracement from yesterday’s high.

But why is the QuickSwap rallying? Let’s see what the rally is all about.

What is QuickSwap (QUICK)?

Before we take a deep dive into the current QuickSwap price movement, it’s important to first explain what it is for those who are coming across it for the first time.

QuickSwap is a decentralized exchange that runs on the Polygon Network to provide cheaper and fast transactions. Its native token is referred to as QUICK.

Why is QuickSwap rallying?

The huge QUICK price surge started immediately after QuickSwap’s partnership with CelsiusX.

The partnership aimed at bridging the gap between centralized finance (CeFi) and decentralized finance (DeFi). It will enable users to have control over their assets in the cryptocurrency ecosystem.

CelsiusX and QuickSwap partnership

The announcement of this partnership was the most significant on the recent development on QuickSwap. The CelciusX banking and financial service platform will help QuickSwap in bridging DeFi and CeFi.

The partnership will also allow for the creation of wrapped versions of the Dogecoin (DOGE) and Cardano’s ADA together with well-funded liquidity pools for assets for users, institutions, arbitrageurs, and bots to easily access the tokens.

ADA and DOGE holders will also be able to use their assets in DeFi to earn yields.

New high yield liquidity pools and NFT projects

The launch of new liquidity pools is also another factor attributed to the surge in QUICK’s price.

The high yield liquidity pools come after several integrated bridges and projects were launched in January on the Polygon Network.

Besides the additional high yield liquidity pools, QuickSwap has also seen additional support for NFT projects which have been gaining momentum amid the weak crypto market.

Some of the newly supported NFTs are OneRare, UniArts, Blockchain Monsters Hunt, and Dogira.

The post Here is the reason why QuickSwap (QUICK) has been rallying for the last two days appeared first on Coin Journal.

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MicroStrategy gibt weiteren BTC-Kauf im Wert von 25 Mio. USD bekannt

  • Der Appetit von MicroStrategy auf Bitcoin ist nach wie vor groß, da das Unternehmen weiterhin mehr Kryptowährungen anhäuft
  • Die Führungskräfte des Unternehmens haben zuvor angemerkt, dass das Unternehmen nicht beabsichtigt, den Kauf oder Verkauf einzustellen

Das in Virginia ansässige Business-Intelligence-Unternehmen gab am Dienstag bekannt, dass es im Januar einen weiteren Bitcoin-Kauf im Wert von 25 Millionen USD abgeschlossen hat. Eine Einreichung bei der US-Börsenaufsichtsbehörde Securities and Exchange Commission zeigte, dass das an der NASDAQ notierte Unternehmen im vergangenen Monat 660 Bitcoins zu einem Durchschnittspreis von 37.865 USD einschließlich zusätzlicher Kosten erworben hat.

Der Januar-Kauf ist jedoch deutlich kleiner als frühere Käufe, die das Unternehmen getätigt hat. Zum Vergleich: Das Unternehmen kaufte zwischen Oktober und Ende November 7.002 Bitcoins. Zuvor hatte es im Mai einen kleineren Kauf von 229 Bitcoin für rund 10 Millionen USD getätigt.

Es fügte seiner Schatzkammer außerdem insgesamt 1434 Bitcoins hinzu, die durch zwei Käufe zwischen Ende November und dem 9. Dezember erworben wurden. Das Unternehmen, das auch mobile Software und Cloud-Dienste anbietet, schloss noch vor Ende des Jahres einen weiteren Kauf ab. Diesmal umfasste die Akquisition 1.914 Coins zu einem Durchschnittspreis knapp über 49.200 USD.

MicroStrategy hält jetzt sagenhafte 125.051 Coins in seinem Vorrat, was 0,66 % des gesamten zirkulierenden Angebots entspricht. Der Vorrat ist derzeit zum aktuellen BTC-Marktpreis 4,834 Milliarden USD wert. Wenn man bedenkt, dass das Unternehmen die Bitcoins zu einem durchschnittlichen Preis von etwa 30.200 USD pro Bitcoin erworben hat (eine Zahl, die andere während des Kaufs angefallene Kosten einschließt), hat es einen Nettogewinn von über 1 Milliarde USD erzielt.

Vorsicht beim Hodeln

Marktexperten gehen davon aus, dass MicroStrategy bei seinen jüngsten Bitcoin-Käufen eher vorsichtig vorgegangen ist, da der Kryptomarkt im vergangenen Monat schwere Verluste verzeichnete. Die Übernahme war dennoch zeitlich gut abgestimmt, da sie mit der „Dip“-Periode zusammenfiel.

Michael Saylor, CEO von MicroStrategy, bekräftigte Anfang des Jahres, dass das Unternehmen keine unmittelbaren Pläne hat, einen der von ihm gehaltenen Bitcoin zu verkaufen. Letzte Woche bemerkte der CFO des Unternehmens, Phong Le, auch, dass das Unternehmen weiterhin mehr Bitcoin erwerben werde.

Neben MicroStrategy hat auch die Regierung von El Salvador unter Führung des Bitcoin-Pro-Präsidenten Nayib Bukele im vergangenen Monat „den Dip gekauft“. Bukele enthüllte, dass das Land 420 Bitcoins für einen Gesamtpreis von 15 Millionen USD hinzugefügt hatte.

Laut CoinMarketCap hat Bitcoin in den letzten Stunden den Range-Trading zwischen 38.200 USD und 38.700 USD fortgesetzt. Sein Handelsdiagramm über die letzten 72 Stunden zeigt, dass die Pionier-Kryptowährung in dieser Spanne scheinbar Stabilität gefunden hat. Zum Zeitpunkt des Verfassens dieses Artikels wurde Bitcoin bei 38.603,55 USD gehandelt, was einem Anstieg von 3,32 % in den letzten 7 Tagen entspricht.

The post MicroStrategy gibt weiteren BTC-Kauf im Wert von 25 Mio. USD bekannt appeared first on BitcoinMag.de.

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Is Helium (HNT/USD) going to crash again?

  • The helium token is growing more popular among crypto traders and holders.

  • HNT might token may continue to fall if we fail to break $30. 

  • HNT has been forming lower lows and lower highs since November 2021. 

The explanation for this is the mining process provided by the corporation. Currently, Helium pullbacks point to a frightening potential decline.

Helium Network is a decentralized wireless connection that allows devices to access the Internet securely from anywhere globally. Developers can design low-power, Internet-connected devices at a lower cost and quicker rate because of its robust open-source architecture.

The downturn began once the price hit the last objective of $42 – $50 and bears came strongly to push prices more than -65% since November. This adjustment may have come to an end as recently as last week after the value of helium found a strong support at the Pivot level S2 and also the $20 key level.

Source – TradingView

Consequently, the price may be aiming for higher prices in the foreseeable future, as it has done this week. But there is one stumbling block in the road of the Helium pricing. 

Helium price falls through the trend line

In mid-2021, the helium price established a trend line, causing prices to climb. This trend line was breached after the most recent cryptocurrency meltdown. Consequently, the price may begin to fall short.

We foresee a drop down to the next key zone if we don’t reclaim the trend line this week. This band of support is located between $9 and $11.75. This may be an ideal purchasing moment if you want to engage in the helium program.

HNT definite uptrend break, particularly on the one-week chart. Helium investors should liquidate their tokens or at least a portion to get Helium at a lower cost, particularly in the B region of the ABC cycle at the 61.8%- 78.6% fibonacci retracement level.

The post Is Helium (HNT/USD) going to crash again? appeared first on Coin Journal.

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Will the price of ECOMI (OMI) reach $0.02 in 2022?

  • The bullish price estimate for OMI is between $0.0062 and $0.0125.

  • The price of OMI may hit $0.02 this year. 

  • The OMI negative market price forecast for 2022 is $0.00461.

The cryptocurrency market seems to be rapidly rebounding in recent days. After a negative run in the previous months, bulls have gradually increased in the past week. At the moment, it seems that the crypto-asset business will resume its upward trend.

Price is currently trading at the Central Pivot, price trading above P indicates that OMI uptrend may extend for some time because the final candlestick is above P.

The latter indicates that the current gain in ECOMI (OMI) value is unlikely to cease soon, as there may be stabilization and a resumption of the bullish trend which may lead us to break the previous all-time high and tap a high of 0.02 before the year ends. 

Source – TradingView

The Relative Strength Index (RSI) determines oversold or overbought equities by measuring the relative momentum in the size of recent price fluctuations. The RSI price of ECOMI (OMI) on the OMIUSDT one-day chart is 58.20.

Because it is over 50, the OMI is in a robust bullish movement. This value might spark another bullish run as additional purchasers seek to profit from the predicted price rise.

The long-term OMI price forecast for 2022

OMI is likely to trade around its current all-time high of $0.01338. Nevertheless, this will only transpire if many earlier psychological barriers are broken.

If the current upward pattern holds, ECOMI might be worth $0.02 by the conclusion of 2022. Furthermore, the first half of 2022 will see a modest increase of up to $0.0082. With planned collaborations and advances, achieving $0.03 is somewhat ambitious in terms of pricing, but it is undeniably doable in the foreseeable future.

The post Will the price of ECOMI (OMI) reach $0.02 in 2022? appeared first on Coin Journal.

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Litecoin (LTC) rises 4.4% as MimbleWimble takes effect

  • Litecoin is trading at $114.2, the highest level since the 27th of January. 

  • Release of MimbleWible to positively affect Litecoin.

Source – TradingView

From the above chart, Litecoin is trading in the green today with the biggest gain since we, mirroring the prevailing attitude in the crypto market. LTC is now trading at $114,21, representing a 4.4% percent profit in 24 hours.

The rise in the value of Litecoin has been fueled by a respite in the prices of bigger cryptocurrencies like Bitcoin and Ethereum. The market has been displaying bullish momentum in lower levels and might see further gains in the following weeks.

The recent selling pressure caused by macroeconomic considerations has been and will continue to be alleviated in February. Some analysts believe this month of February has traditionally been optimistic for Litecoin and the crypto industry.

Release of MimbleWimble

Without a doubt, the subsequent declaration of LTC’s MimbleWimble development as either a Release Candidate or beta might have a positive long-term influence on Litecoin. The update has been in the works for many years and is one of the most anticipated product launches for this cryptocurrency in its community.

The news was made on Twitter by the MimbleWimble’s and Litecoin Foundation’s primary creator, David Burkett. Burkett used the MWEB extension to release the first LTC domains, which may be viewed below.

The developer began focusing on this update in 2019, and as the Foundation stated, MimbleWimble would be included in this cryptocurrency’s Core 0.21.2 version sample with an extra privacy-related enhancement. 

According to Guy Corem, MimbleWimble will be authorized by the Litecoin network if 6,048 nodes are alert for its deployment beginning at block heigh 2,217,600. Before this time ends, the update must be accepted by 75% of the LTC nodes.

The Litecoin Foundation confirmed that the community and miners might start pushing for MimbleWimble when they get the update code. The commencement date for the execution of this plan will be set after the stated threshold is met.

The post Litecoin (LTC) rises 4.4% as MimbleWimble takes effect appeared first on Coin Journal.