Monat: April 2022

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ApeCoin price prediction: Will APE Soar Above $20?

The ApeCoin price remarkable rally is continuing as the ecosystem growth continues. The APE token is trading at $18.18, which is close to its all-time high of $19.50. It has risen by more than 147% from its lowest level on March 17th, bringing its total market cap to over $5.2 billion. So, is ApeCoin a good buy?

Why is APE rising?

ApeCoin is one of the newest cryptocurrencies around. It is the native token for the Bored Ape Yacht Club (BAYC), one of the biggest NFT ecosystems in the industry. According to CoinMarketCap, it has a total market value of 1.35 million ETH that are currently worth more than $3 billion. Its Mutant Ape Yacht has also risen.

The ApeCoin price has risen sharply as the ecosystem growth has accelerated. The developers are hoping that a metaverse platform will spur growth of the ecosystem. Investors believe that the ecosystem will lead to more growth of the metaverse and NFT industry. Its metaverse platform will be known as Otherside. 

Still, there are concerns about the coin’s consolidation considering that over 52% of the coins are held by its insiders. And, most of the NFT purchases will go back to these insiders, who raised $450 million from investors last month. Indeed, in a note, The Verge said:

“Self-dealing founders and investors; a hype machine in overdrive; and a growing disconnect between the web3 we were promised and the one that’s being traded on the crypto exchanges. And when it does, I wouldn’t be surprised to see that decentralization is its first casualty.”

ApeCoin price prediction

The four-hour chart shows that the APE price has been in a strong bullish trend recently. The coin has managed to move above the important resistance level at $15.50, which was the highest level on March 28th. It has also moved above the 25-day and 50-day moving average while the Relative Strength Index (RSI) has moved slightly below the overbought level.

Therefore, there is a likelihood that the ApeCoin price will keep rising in the near term as bulls target the key resistance at $20. 

The post ApeCoin price prediction: Will APE Soar Above $20? appeared first on Coin Journal.

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Top places to buy The Graph, which added 17% to its value today

The live The Graph price today is $0.39 with a 24-hour trading volume of $217.2 million. The Graph is up 16.65% in the last 24 hours.

This brief guide has everything you need to know about The Graph network and coin, including whether and where to buy The Graph if you choose. 

Top places to buy The Graph now

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

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

What is The Graph?

The Graph is a protocol to query data for the Ethereum Mainnet and similar networks, powering many applications in the wider Web3 ecosystem and DeFi in part. 

GraphQL is used to retrieve blockchain data, which is then utilized to build and publish subgraphs. It’s easy for developers to start building on this network because of a hosted service in production.

The Graph supports indexing data from Ethereum, IPFS and POA. 

The Graph aims to take reliable decentralized public infrastructure mainstream. Participants use Graph Token (GRT) to ensure economic security of the network and the integrity of data being queried.

Should I buy The Graph today?

The Graph can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

The Graph price prediction

Price Prediction is quite bullish on GRT. They predict it can go up to $0.66 with the average trading price of $0.58 this year. In 2023, it will be worth at least $0.84, but it’s more likely to trade for the average price of $0.87. 

The following year, The Graph will trade for at least $1.19. It can go up to a maximum of $1.41 with the average trading price of $1.23. The lowest possible price in 2025 is $1.81. 

Wallet Investor takes a very opposing view. They consider The Graph a bad one-year investment. Its price will remain unchanged and your investment might lose value.  

The Graph on social media

The post Top places to buy The Graph, which added 17% to its value today appeared first on Coin Journal.

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You can now buy EBT, the hottest new coin: here’s where

Whenever a big event occurs on the market – almost any market – a cryptocurrency reflecting it soon follows.

After Elon Musk bought Twitter, the fact was quite literally reflected: we now have a token called Elon Buys Twitter (EBT). It was up 3,000% in Asian hours today and its price continues to grow.  

If you want to know what EBT is, if it can give you good returns, and the top places to buy EBT, you’ve come to the right place. 

Top places to buy EBT now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for EBT

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

What is EBT?

EBT gives meme creators a chance to monetize their work. It was created to help aspiring meme creators showcase their talent as well. 

The platform is in the process of developing several revenue-generating features. There are plans to launch a series of lazy games with a play-to-earn opportunity. 

Its long-term goal is to establish itself as an industry leader in the DeFi sector.

Should I buy EBT today?

EBT can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value. 

EBT price prediction

Elon Buys Twitter is a very new asset and there are no reliable predictions. Only Price Prediction has ventured to forecast, but it’s somewhat off. They predict it will be worth $0.000003 next year, which is its current price. 

EBT on social media

The post You can now buy EBT, the hottest new coin: here’s where appeared first on Coin Journal.

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Dogecoin rallies after Musk’s Twitter buy: where to buy Dogecoin

After Twitter accepted Elon Musk’s bid, the popular meme coin’s price soared. It was up 30% and counting at the time of writing. The hectobillionaire will take the social media giant private.

Dogecoin is skyrocketing because its potential as a means of payment has grown immensely. 

Look no further than this short article for all the details about Dogecoin: what it is, is it worth investing in, and the best places to buy Dogecoin now.

Top places to buy Dogecoin 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 DOGE with eToro today

What is Dogecoin?

Dogecoin features a Shiba Inu dog on its logo and is based on a canine-themed Internet meme. It is an open-source project and a Litecoin fork. 

Its main utility has been as a tipping system on Reddit and Twitter to reward users who share or create quality content. Now that Musk is to helm Twitter, this utility is expected to become more prominent.  

At the moment, people can receive tips in Dogecoin from a faucet or by taking part in a community that uses it. 

Dogecoin differs from Bitcoin in a number of ways, including the block time and mining. Dogecoin has an uncapped supply and a block time of one minute. There is no limit to the number of Dogecoin that you can mine.

Should I buy Dogecoin 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. 

Dogecoin price prediction

Digital Coin and GOV Capital both expect Dogecoin to reach $0.20 in a year. CryptoNewZ is even more bullish, predicting a maximum price of 21 cents per token as early as this year.

Dogecoin on social media

The post Dogecoin rallies after Musk’s Twitter buy: where to buy Dogecoin appeared first on Coin Journal.