Monat: März 2022

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Fantom losses tapering off, is it time to buy the dip? Best places to buy Fantom

Fantom’s price plummeted after a major reshuffle in the developer team, but its losses are diminishing, and it looks like it’s getting back on track. The 40th biggest coin by market cap is down just 5% today.

If you are attracted to unique features and want to learn how and where to buy Fantom, this guide is for you.

Top places to buy Fantom now

Skilling

Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. Skilling offers a selection of trading platforms, including the proprietary Skilling Trader and popular, industry renown cTrader and MetaTrader 4 platforms, which can suit the needs of customers with different levels of trading experience.

Buy FTM with Skilling today

Nexo

Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.

Buy FTM with Nexo today

What is Fantom?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers with its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

Fantom is an open-source decentralized platform for DApps and digital assets that was created as an alternative to Ethereum.

It aims to overcome the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization.

The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Should I buy Fantom 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.

Fantom price prediction

DigitalCoin predicts Fantom will trade for an average of $1.68 this year and $1.82 in 2023. It will grow to $2.43 by 2025 and to $5.82 by 2030.

Despite Fantom’s lackluster performance, Price Prediction is also bullish. They forecast an average of $1.81 in 2022, $2.61 in 2023, and $5.30 in 2025. In 2030, it will have gone up to $32.

Fantom on social media

The post Fantom losses tapering off, is it time to buy the dip? Best places to buy Fantom appeared first on Coin Journal.

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BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program

BFARM, a new yield farming platform built on Binance Smart Chain (BSC), has unveiled its new BNB and BUSD stake and earn feature as well as an extensive referral program. BFARM platform offer users steady and fixed daily income and the additional staking feature adds to its list of assets that can be staked by the users.

BFARM specifically allows users to maximize their income by leveraging and staking their native Binance tokens and earning quick staking yields on the BSC network.

Staking BNB and BUSD on BFARM

To stake BNB on BFARM, users require a minimum of 0.05 BNB coins. On the other hand, if a user wants to stake BUSD, they require a minimum of $10 worth of BUSD.

One can choose to stake the coins using the 8-days lockup with a 140% return, 16-days lockup with 188% return, or 25-days lockup with 242% return.

The 8-days lockup plan is designed for short-term investors who prefer quick returns on their crypto investments. The 16-days and 25-days lockup plans on the other hand are for long-term investors and they also have giveaway bonus instant credits.

The 16-days lockup plan has a 2% giveaway bonus instant credit while the 25-days lockup plan has a 3% giveaway bonus instant credit.

BFARM Referral program

BFARM has also unveiled an extensive referral program to provide its users with an opportunity to earn as the ecosystem expands. By inviting more people to the platform, users get to earn extra coins.

The referral program groups the referrals into five groups depending on the hierarchy of those referrals.

Level 1 referral earn 5%, level 2 referrals earn 3%, level 3 referrals earn 2%, level 4 referrals earn 0.5% and level 5 referrals earn 0.05%.

The post BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program appeared first on Coin Journal.

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The best altcoins to kickstart your March Investment Journey

The crypto market has been up and down lately. The volatile market is just so hard to predict but despite this, there are still some altcoins that remain very bullish from a long-term point of view. Here is why this is the best time to buy:

  • Most cryptos are trading way lower form all-time highs

  • The geopolitical and economic pressures are likely to ease in the near term.

  • Crypto still delivers more value than any other asset class out there.

Well, if you are thinking of starting March with some altcoins in your portfolio, here are three options to consider.

VeChain (VET)

VeChain (VET) has seen some incredible downturn this year. The coin is in fact down nearly 15% over the last week alone. But this bearish trend will not last. This is an altcoin that still has so much to offer, and the underlying fundamentals are quite incredible.

Data Source: Tradingview

For folks who are looking for assets to buy and hold for a year or thereabout, VeChain is really a good long-term bet. You just need to be ready for the short-term volatility.

Stacks (STX)

Stacks (STX) is actually one of the few crypto assets that have been surging recently. The coin is up nearly 35% in the last week and managed even to swing by 60% in 24-hour intraday trading. The layer 1 blockchain has a market cap of around $2.3 billion, and there is so much room for more growth. Like VeChain, it’s also a nice long-term bet.

Huobi Token (HT)

The Huobi Token (HT) is linked to the Huobi exchange, one of the largest crypto exchanges in the world. The altcoins have faced increased pressure due to the ongoing crypto crackdown in China. But it still remains a major player in this space and is likely to see more gains in the future.

The post The best altcoins to kickstart your March Investment Journey appeared first on Coin Journal.

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Hedera (HBAR) remains above crucial support zone despite recent drop – Can it reverse the downtrend?

Hedera HBAR Coin Logo

The general weakness seen in the crypto market over the last few days has seen many coins drop, and Hedera (HBAR) is not any different. But despite this, the coin still remains above a crucial support zone. How long can it actually stay there? Here are some highlights first:

  • The $0.19 support remains critical for HBAR in the coming days.

  • The coin is currently above that, trading at around $0.201.

  • If HBAR fails to hold this support, it could fall to $0.15.

Data Source: Tradingview 

Hedera (HBAR) – What to watch?

The volatility in the crypto market has made it very hard to predict price action based on technicals alone. But one thing we know about HBAR is that the $0.19 support has held quite strongly despite recent weakness. The key for bulls right now is to consolidate around this price. 

So far, HBAR is doing well and is trading at around $0.2. Once the price consolidates, the next leg up could take HBAR towards $0.34. But if bears keep pushing and HBAR sinks below $0,19, then we are likely to see more weakness. 

In fact, the coin is likely going to the bottom at $0.15. There is even a risk that persistent weakness could push the price towards its February lows of $0.09.

Who should buy Hedera (HBAR)?

Hedera (HBAR) is an enterprise-grade network that is hoping to power the decentralized economy. The project has attracted a lot of investment, and with a market cap of around $4 billion, it is one of the biggest crypto assets in the market right now.

So, if you are looking for cryptos that have serious utility and positive long-term outlooks, Hedera (HBAR) will be perfect. The project has diversified its service and continues to attract developers in large numbers. It has the potential of becoming as big as Ethereum.

The post Hedera (HBAR) remains above crucial support zone despite recent drop – Can it reverse the downtrend? appeared first on Coin Journal.