Monat: März 2022

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The top 3 coins to consider buying based on crypto trends in 2022

The crypto industry is always on the move. There are new trends that come and go all the time. 2022 is one of the most important years for crypto, and there are several new trends that are going to define the next few months. Here are some of these important trends:

  • DeFi is expected to explode and grow even further in 2022.

  • There is also growing emphasis on Interoperability across chains

  • 2022 will also likely be the year of NFTs and metaverse.

As an investor, it is important to position your assets in a way that takes advantage of these trends. We have picked out 3 coins that we believe can help you with this:

DeFi – Kyber Networks (KNC)

The main goal for Kyber Networks (KNC) is to help aggerate liquidity and bring it in one place. Over the last few years, some of the factors that have limited the growth of DeFi have largely been low liquidity.

While there have been several ways to address this, including automated market maker protocols, liquidity aggregators are gaining so much traction. Kyber Networks is likely to be a major player in this.

Interoperability – Tezos (XTZ)

Cross-chain bridges have helped solve a very common problem in crypto. Moving assets across various chains used to be a huge challenge. But bridges have removed that issue, and there are several projects here worth noting. But Tezos (XTZ) is far more promising simply because it is more than just multichain crypto. It offers so much more in terms of its underlying value.

NFTs and Metaverse: Enjin Coin (ENJ)

Enjin Coin (ENJ) is one of the most underrated crypto assets in the market. The token has fallen sharply in recent days due to the metaverse rout. But if you are looking for a project that could deliver big on the metaverse, ENJ is the way to go.

The post The top 3 coins to consider buying based on crypto trends in 2022 appeared first on Coin Journal.

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Ethereum killers: Top 3 projects that could replace the legacy chain

Ethereum is one of the biggest crypto projects right now. It is also safe to say that Ethereum has completely revolutionized the crypto industry thanks to its smart contracts. But as more and more people use it, it has run into many challenges. Here are some of them:

  • The Ethereum chain is not as scalable as it should be.

  • Users have to deal with network congestions and high gas fees.

  • Increased inefficiency and low speeds are common as well.

Although Ethereum is trying to fix this problem with Ethereum 2.0, there are other new blockchain projects that are trying to offer an alternative altogether. Here they are:

Solana (SOL)

Solana (SOL) has often been seen as one of the most serious challengers to Ethereum. There are several reasons for this. First, Solana is designed to deliver outstanding scalability.

It is also super-fast, and more importantly, the chain offers users some of the lowest gas fees in the market. Solana is also attracting significant developer interest and has been a subject of major investments by big names in the crypto market. If you are looking at the future of smart contracts, Solana has to be there.

Avalanche (AVAX)

What makes Avalanche (AVAX) so potent is the fact that it allows users to launch sub-chains within its ecosystem. These sub-chains are independent of the main chain and as such, they are free from the congestion associated with the main network. This makes Avalanche one of the most scalable blockchain technologies in the world. It has the potential of completely transforming distributed systems.

Tron Network (TRX)

The Tron Network (TRX) is also a highly scalable project that looks to address the challenges of Ethereum. It may not be as popular as Solana but the underlying metrics of this project are very good. It is one asset worth bringing on board if you want to.

The post Ethereum killers: Top 3 projects that could replace the legacy chain appeared first on Coin Journal.

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Bitcoin of America adds Dogecoin to ATMs

Bitcoin of America, a money services business and popular FinCEN-registered virtual currency exchange, has added Dogecoin to their Bitcoin ATMs (BTMs), PR News Wire reported in a press release. Dogecoin is currently available at all Bitcoin of America ATM locations.

Thousands of BTMs in 31 states  

Bitcoin of America has more than 1800 BTMs across 31 states. Recognizing the rising popularity of Dogecoin, they decided it was time to include it in their platform. The business added Ethereum in October 2021.

Bitcoin of America also offers Bitcoin and Litecoin options at their BTMs and online. You will find the closest one to you by visiting their website and entering your address.

Introducing the Universal Kiosk

The virtual currency exchange has upgraded its machines and services several times over the past year.

In May 2021, they launched their new Universal Kiosk, which combines the functions of a Bitcoin ATM and a traditional ATM. It has three main functions.

You can buy crypto with cash and sell it for cash. There is also the conventional function of dispensing cash from a debit card.

Store owners can earn extra income

Store owners who want to earn extra income or have an interest in crypto can take advantage of Bitcoin of America’s host program. The company provides them with increased foot traffic, passive income, and marketing. It can also take care of customer support, installation, and maintenance.

The post Bitcoin of America adds Dogecoin to ATMs appeared first on Coin Journal.

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Polkadot parachains launch a $250M ecosystem fund

  • The aUSD Ecosystem Fund brings together several Polkadot parachains, including Manta Network and Acala.

  • Together, the projects seek to support early-stage startups promoting the adoption of Pollkadot’s native stablecoin, Acala USD

  • aUSD, the main product on the Acala chain, is a decentralised, multi-collateral stablecoin backed by crypto.

Manta Network, Acala and seven other Polkadot parachain have teamed up to launch a $250 million ecosystem fund targeted at supporting stablecoin use on Polkadot and Kusama parachains.

Dubbed ‘aUSD Ecosystem Fund’, the financial initiative is set to help early-stage startups in the Polkadot and Kusama ecosystem build strong projects that support the adoption of native stablecoins.

Interoperability benefits the whole Polkadot ecosystem

Apart from Manta and Acala, other parachain teams to contribute to the fund are asset financing protocol Centrifuge, NFT and gaming platform Efinity, WASM + EVM hub Astar Network and Ethereum interoperability protocol Moonbeam. 

Others are DEX chain HydraDX, DeFi multichain Parallel and predictions marketplace Zeitgeist.

Manta Network co-founder Kenny Li, commenting on the importance of the fund to the Polkadot and Kusama ecosystems, said:

“We’re excited to be supporting the aUSD Ecosystem Fund and look forward to integrating privacy into the emerging use cases and projects coming out of it. With Polkadot’s native interoperability, every new idea launching in the ecosystem is another value add to all parachains‚ “. 

DEXs and DAOs among targeted projects

The fund is open to startups with Solidity or Substrate-based applications, including payment solutions, money markets, decentralised exchanges (DEXs), derivatives, DAOs, and asset managers among others.

The parachain teams are confident cross-chain activity in the Polkadot ecosystem will push aUSD into broader adoption, benefitting all the parachains in the process. 

Acala Network, Moonbeam, Astar and Parallel are scheduled to outline their respective development milestones since onboarding on Polkadot later on Wednesday. The projects will also share future developments during the Parachains Takeover event.

The post Polkadot parachains launch a $250M ecosystem fund appeared first on Coin Journal.