Monat: März 2022

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OKB (OKB) sees massive gains after Manchester City announced a partnership agreement with OKEX

OKB (OKB), the native token of the OKEX exchange, has seen a decent surge in price after the platform announced a sponsorship deal with English football champions Manchester City. The deal, which is said to be worth millions of dollars, is expected to last several years. Here is what we know:

  • OKEX promotional materials will appear on men and women Man City teams.

  • OKB surged shortly after the news but has lost some of those gains.

  • The coin was trading at around $17.59 at press time.

Data Source: Tradingview.com

OKB (OKB) – What does the Manchester City deal mean

Over the last few months, global crypto exchanges have been stepping up their partnership with sports entities. Crypto.com made headlines with a slew of partnerships with major US franchises, and Coinbase was the first exchange to air an ad during the Superbowl. 

OKEX is also following the same moves in a bid to bring in more users to the platform. This can only be good news for the OKB token. However, despite the small surge in response to this news, we still expect OKB to remain very volatile. 

In fact, even after surging shortly after the news, OKB fell sharply once more and was trading at $17.59. But the deal with Manchester City is a big deal. It will bring a lot of visibility and brand recognition for OKX.

Should you buy OKB?

Well, exchange tokens are often not the most popular investment option for crypto investors. But in case you are looking for a token that offers real utility, then OKB is a great option. 

Besides, OKEX is now one of the biggest exchanges in the world. As the platform continues to get strong visibility with deals like the Man City one, OKB will grow further. Therefore, it is something truly worth buying, especially right now that it has dipped significantly.

The post OKB (OKB) sees massive gains after Manchester City announced a partnership agreement with OKEX appeared first on Coin Journal.

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Polkadot (DOT) could swing up by 25% in the coming days – Here is why

It’s been a rollercoaster of emotions in the crypto market over the last few days. With increasing volatility, it’s become virtually impossible to call this market. As you would expect, Polkadot (DOT) has been swinging up and down too but there is some upside now for decent growth. Here is what we know.

  • DOT is approaching a crucial demand zone that could trigger a decent bullish run.

  • The coin was trading at $16.88 at the time of writing this post.

  • DOT could swing up by 25% if indeed it hits that zone.

Data Source: Tradingview 

Polkadot (DOT) – Price analysis and prediction

After experiencing periods of high volatility, Polkadot (DOT) appears to be approaching a very crucial demand zone of between $11 and $15. This has been a crucial zone for bulls, and at the moment, DOT is slightly above that, trading at around $16.88. 

If indeed the coin falls between that threshold, we are likely to see a decent surge that could push the price action above $20. This will represent gains of nearly 25% from the current price. 

But this thesis will be invalidated if DOT manages to stay above the $15 mark. While this is possible, we do not think it is likely. The market is seeing a lot of price movements, and in fact, DOT appears to be on a downtrend right now.

Is Polkadot (DOT) a good buy?

Polkadot (DOT) is one of the most promising Ethereum scaling solutions in the market. It is such a popular asset as well. If you want long-term crypto that will deliver value for years to come, DOT is a decent buy. But if you want to really get in on a discount, give it a few days until it gets within the $11 and $15 range.

Want to learn how to safely invest in Polkadot? Check out our comprehensive Polkadot buying guide here or purchase from our recommended platform below!

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The post Polkadot (DOT) could swing up by 25% in the coming days – Here is why appeared first on Coin Journal.

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Yearn Finance is rapidly reversing losses: best places to buy YFI now

After an extended series of losses that threatened to expel Yearn Finance’s native token YFI from the top 100 biggest coins by market cap, it has finally started to regain value.

If you want to know what Yearn Finance is, if it’s worth buying, and the best places to buy its token YFI now, you’ve come to the right place.

Top places to buy YFI now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy YFI with eToro today

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy YFI with CAPEX today

What is YFI?

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

After its launch in February 2020, it saw huge growth as new products debuted and developers released in-house token YFI.

Yearn.finance makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.

Should I buy YFI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

YFI price prediction

Long Forecast anticipates a bull run until 2024, when the coin will trade between $25,867 and $22,299.

Coin Price Forecast predicts YFI will trade for $28,666 at the end of this year, around $8,000 more than it’s worth now.

In the first half of next year, the Yearn Finance price will reach $29,416, then drop down to just below $26,000 in the second half.

YFI on social media

The post Yearn Finance is rapidly reversing losses: best places to buy YFI now appeared first on Coin Journal.