Monat: April 2022

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Top places to buy Decred, which added 14% to its value in 24 hours

Decred is the biggest top 100 winner today with a price increase of 14% at the time of writing. 

This is likely due to an official announcement on Twitter that the current supply of Decred’s DCR token is approaching 14 million. The maximum supply is 21 million, leaving around 7 million DCR to mine.

This brief guide has everything you need to know about the Decred network and DCR token, including whether and where to buy Decred if you choose.

Top places to buy Decred now

Coingate

CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.

Buy DCR with Coingate today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy DCR with Swapzone today

What is Decred?

Decred is a blockchain-based cryptocurrency with a strong focus on community input, open governance, and sustainable funding for development. It utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system to ensure that a small group cannot dominate the flow of transactions. 

Stakeholders make and enforce the blockchain’s consensus rules, set a course for future development, and decide how the project’s treasury is used to fund it. Decred’s blockchain is similar to Bitcoin’s, but with major aspects of governance baked into the protocol.

To align incentives, block rewards are split between PoW miners, stakeholders and the Decred Treasury, which funds the project. PoW miners play a similar role for Decred as they do for Bitcoin, but with Decred they only receive 60% of the block reward. 

Should I buy Decred 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. 

Decred price prediction

Price Prediction forecasts an increase for Decred. They predict its price can reach $87.40 with the average trading price of $76.63. In 2023, Decred’s coin will be worth at least $112.67. It can go up to $129.35 next year. 

Decred’s coin will trade for at least $163.55 in 2024. It can go up to $192.39 with the average trading price of $168.18. In 2025, it will be worth at least $233.62, almost 4x its current price. 

Decred on social media

The post Top places to buy Decred, which added 14% to its value in 24 hours appeared first on Coin Journal.

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Maple price prediction: What is MPL and is it a good investment?

The Maple price jumped sharply on Friday as demand for the Decentralized Finance (DeFi) ecosystem continued growing. MPL rose to a high of $61.30, which was the highest level since April 17th. It has risen by more than 23% from its lowest level this month, bringing its total market cap to more than $296 million.

What is Maple and why it rising?

Decentralized Finance (DeFi) is one of the biggest industries in the blockchain industry with over $210 billion in assets. This is a substantial sum of money considering that the industry was not in existence a few years ago.

Maple is a DeFi platform that offers services that are similar to other popular networks. It describes itself as the Crypto Capital Market as it provides undercollateralized loans for institutional borrowers. The network receives funds or liquidity from users seeking to earn a return and then extends them to institutions.

According to its website, the network has originated loans worth over 1.2 billion USD Coins. From those loans, lenders have received interest worth over 24.4 million USDC. At the time of writing, it has provided about 82 loans.

Some of the loan pools in Maple Finance are provided by Celcius, BlockTower Capital, Alameda Research, and Orthogonal Trading among others. Alameda is the company founded by Sam Bankman, the founder of FTX.

The Maple price is rising as the total value locked in the protocol ticked upwards. According to DeFi Llama, the network now has over $82.4 million in total value locked (TVL). This amount is substantially higher than where it was in March this year.

Maple price prediction

The Maple price has been in a bullish trend in the past few days. It has jumped by more than 22% from the lowest level this month. The coin has moved above the 25-day and 50-day moving averages while the MACD indicator is crossing the neutral level. It has also moved above the important support level at $51.32. It had failed to drop below that support several times this month.

Therefore, it seems like bulls are now in control and that the coin’s price will continue rising as they target the key resistance at $68.88. A drop below the support at $51 will invalidate the bullish view. Here are more cryptocurrencies to invest in.

The post Maple price prediction: What is MPL and is it a good investment? appeared first on Coin Journal.

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Tron continues its extended rally, up 8% today: here’s where to buy Tron

The 22nd biggest crypto by market cap has been rallying over the past few days. It was up 15% yesterday and added another 8% today. Its total gains for the week exceed 10%. 

Reasons for the rally include the introduction of Decentralized USD (USDD), a stablecoin that promises to make finance accessible to all, to Tron. This is expected on May 5. 

In addition, Tron announced the official establishment of Tron DAO Reserve. 

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

Top places to buy Tron now

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

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

What is Tron?

Tron is an ecosystem, in which where content creators can connect with their audiences directly. Tron wants to eliminate middlemen by eliminating centralized platforms such as music sites, app stores, and streaming services. 

As a result, consumers will pay less for content. Tron says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs. 

Should I buy Tron today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

Tron price prediction

Wallet Investor considers Tron a good long-term investment. They expect a long-term increase with a price prediction of $0.22 in April 2027.

A 5-year investment will generate revenue of around +230%. If you invest $100 in Tron now, it might go up to $330 in 2027.

Tron on social media

The post Tron continues its extended rally, up 8% today: here’s where to buy Tron appeared first on Coin Journal.

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Bitcoin back to $40K as the Fed considers faster rate hikes to contain inflation

The crypto market is sluggish today after the Federal Reserve Chairman Jerome Powell said that interest rates should be hiked more quickly to counter inflation. Powel said that they were considering a 0.5% rate hike for next month.

The development comes after the president of the St. Louis Federal Reserve Bank, James Bullard, said that he expects the interest rate to go to as high as 3.5% by the end of the year.

Following the developments, Bitcoin (BTC) had dropped to $40,515.77 form trading above $42,000 at the time of writing as the rest of the general crypto market traded sideways after retracing to a market cap of about $1.88 trillion.

Make or break level for Bitcoin

Market observers view the $40,000 level as a make-or-break level for Bitcoin arguing that how it performs from there determines whether there shall be another attempt at a bullish trend or the market will turn bearish.       

Majority of investors, however, seem to agree that now is the optimal time to invest in Bitcoin since the current surge in inflation has resulted to stocks collapsing and investors are clueless on how fast the central bank intends to hike the interest rates.

Nevertheless, Bitcoin has also been on the receiving end since it has shed about 20% since the beginning of the year. It had plunged to as low as $33,000 towards the end of January registering a drop of more than $35,000 from its all-time high of $69,000 that it set on November last year.

Containing the inflation using rate hikes

The inflation hit 8.5% last month and the central bank intends to raise the interest rates to counteract the rising inflation. There is also a discounted cash flow concept that aims at appraising high-growth investments like technology.

Some of the factors that investors have had to grapple with over the recent past include the rising inflation, geopolitical tensions as well as the central bank tightening monetary policies.

According to the minutes of the March meeting held by the Fed, its intention is to reduce its balance sheet by $95 billion each month.

The post Bitcoin back to $40K as the Fed considers faster rate hikes to contain inflation appeared first on Coin Journal.