Monat: April 2022

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Here is why Pancakeswap is up by nearly 10% today

The cryptocurrency market is currently experiencing a mixed performance across the board.

The broader cryptocurrency market has been experiencing a mixed performance over the last 24 hours. The total cryptocurrency market cap remains above $1.9 trillion despite adding less than 1% to its value.

Bitcoin is up by less than 1% in the last 24 hours and currently trades above $41k per coin. Ether maintains its price above $3,000 despite losing less than 1% of its value so far today.

However, CAKE, the native token of the Pancakeswap decentralised exchange, is the best performer amongst the top 50 cryptocurrencies by market cap. CAKE is up by more than 8% in the last 24 hours, outperforming the other top coins and tokens during that period.

The major catalyst behind CAKE’s ongoing positive performance is the completion of its Masterchef V2 migration. The Pancakeswap team announced a few hours ago that the migration to V2 is now complete.

Pancakeswap informed its community members that they will need to migrate their farms and pools staking to the new MasterChef to keep earning staking rewards.

Key levels to watch

The CAKE/USDT 4-hour chart is currently bullish, thanks to Pancakeswap’s ongoing positive performance. The technical indicators show that CAKE is outperforming the other major cryptocurrencies at the moment. 

The MACD line is within the positive region, indicating bullish momentum. The 14-day relative strength index of 72 shows that CAKE is close to entering the overbought zone.

At press time, CAKE is trading at $9.28 per token. If the bullish momentum continues, it could hit the $9.87 mark before the end of the day, surpassing the first major resistance level in the process.

In the event of an extended rally, CAKE will trade above $10 for the first time since January 2022. 

The post Here is why Pancakeswap is up by nearly 10% today appeared first on Coin Journal.

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Bitcoin and Ether will set new all-time highs in 2022, says Celsius CEO

should I buy ethereum

Bitcoin and Ether are down by more than 40% from the all-time highs they attained six months ago.

Celsius Network CEO Alex Mashinsky is confident Bitcoin and Ether, the two largest cryptocurrencies by market cap, will reach new all-time highs before the end of the year.

Bitcoin reached an all-time high of $69,044 in November 2021, while Ether’s all-time high of $4,878 was also achieved in the same month.

However, since then, BTC and ETH have lost more than 40% of their values. Bitcoin is trading around the $41k level, while Ether currently stands above $3,000 per coin.

Mashinksy, while speaking at the Paris Blockchain Week Summit, said Bitcoin and Ether would go on to set new all-time highs this year. He said Bitcoin received very strong support at around $30,000 to $33,000. Mashinsky said;

“It’s going to take us longer to hit new highs. But I still expect us to break that $60,000 this year on Bitcoin, break the $4,500 on Ethereum.”

The Celsius CEO also talked about the effect of the ongoing Ukraine war on the financial markets. According to Mashinsky, the public markets, including cryptocurrencies, would continue to be negatively affected if Russia continues its attacks on Ukraine.

Ethereum co-founder Vitalik Buterin recently commented that the cryptocurrency space needs semi-decentralised solutions. Mashinsky commented on this, stating that the crypto space doesn’t have to be completely decentralised. He said;

“He’s basically saying, look, we don’t have to be 100% DeFi. CeFi and DeFi are two sides of the same coin. And you sometimes you need to CeFi, sometimes you need to use DeFi, and that’s what Celsius does every day.”

The Celsius CEO finally shared his philosophy on Bitcoin investment. Mashinsky said;

“If you buy Bitcoin and can’t sleep, it means you have too much Bitcoin. However, if you buy Bitcoin and sleep like a baby, then it means you don’t have enough Bitcoin. Find that sweet, sweet spot and just stick with it.”

The post Bitcoin and Ether will set new all-time highs in 2022, says Celsius CEO appeared first on Coin Journal.

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Here is why the price of AAVE has been rallying over the past three days

The price of the native token of the leading crypto lending platform, Aave, has been on a steady rise over the past three days.

Yesterday, the token surged by more than 5% and hit a high $198.02 before pulling back to its current price of $185.70. Today it is still in the green though with a rise of 1.02% over the last 24 hours.

This article delves into the factors contributing to the current AAVE price.

Why has AAVE price been rallying?

Before we delve into the current uptrend, it is important to first explain what Aave is for the purposes of anyone coming across the term for the first time.

In a nutshell, Aave is a DeFi protocol that enables people to borrow and lend in cryptocurrencies. Its native token is called AAVE.

Now let’s look at what is happening behind the scenes and making the price of AAVE to rise.

AAVE V3 going live on Avalanche

AAVE token seems to be riding on the announcement by the head of DeFi Aave Labs via a tweet saying that AAVE version 3 (AAVE V3) liquidity mining is live on Avalanche blockchain, meaning Avalanche users can now earn rewards by providing liquidity to DeFi protocols on the Avalanche blockchain.

It’s also important to also note that the price of AAVE had also surged in March once it launched its version 3 update that introduced support for cross-chain transactions as well as reduced gas fee.

The recent move of launching AAVE V3 on Avalanche comes after the community voted for the deployment on Avalanche back in October last year; a move that was informed by the many DeFi applications being launched on Avalanche. 

The post Here is why the price of AAVE has been rallying over the past three days appeared first on Coin Journal.

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Top NFT-Token zum Kauf am 20. April: GMT, GENE und AUDIO

  • STEPN (GMT), Genopets (GENE) und Audius (AUDIO) sind NFT-Plattform-basierte Token.

  • Jeder Token hat Anzeichen von Wachstum gezeigt.

  • Alle diese Token haben das Potenzial für viel weiteres Wachstum.

STEPN (GMT), Genopets (GENE) und Audius (AUDIO) sind alle nicht fungible Token (NFT)-Plattform-Token.

Damit wir sehen können, wie weit diese Token gewachsen sind und wie viel weiter sie an Wert gewinnen können, werden wir uns jeden von ihnen einzeln ansehen.

Sollten Sie STEPN (GMT) kaufen?

Am 20. April 2022 hatte STEPN (GMT) einen Wert von 3,5257 USD.

Der ATH-Wertpunkt von STEPN (GMT) war am 19. April 2022 bei einem Wert von 3,79 USD. Bei seinem ATH war der Wert des Tokens nur 0,2643 USD oder um 7 % höher als heute.

Betrachtet man die Wertentwicklung des Tokens im Vormonat, so hatte STEPN (GMT) am 11. März mit 0,1008 USD seinen Tiefpunkt.

Sein Höhepunkt war am 31. März, als der Token einen Wert von 2,565 USD erreichte. Hier können wir sehen, dass der Wert des Tokens um 2,4642 USD oder um 2.444 % gestiegen ist.

Vor diesem Hintergrund kann STEPN (GMT) bis Ende April einen Wert von 4 USD erreichen, was es zu einem soliden Token zum Kauf macht.

Sollten Sie Genopets (GENE) kaufen?

Am 20. April 2022 hatte Genopets (GENE) einen Wert von 15,62 USD.

Wenn wir uns das Allzeithoch des Tokens ansehen, hatte Genopets (GENE) am 30. November 2021 einen Wert von 37,83 USD. Hier können wir sehen, dass der Wert des Tokens um 22,21 USD oder um 142 % gestiegen ist.

Betrachtet man die Performance des Tokens im letzten Monat, so hatte Genopets (GENE) am 1. März mit 6,25 USD seinen niedrigsten Wert.

Sein Höchststand war am 30. März bei 18,68 USD. Dies gibt uns einen Hinweis darauf, dass der Token um 12,43 USD oder um 199 % an Wert gewonnen hat.

Vor diesem Hintergrund können wir davon ausgehen, dass GENE bis Ende April einen Wert von 19 USD erreichen wird, was es zu einem soliden Kaufobjekt macht.

Sollten Sie Audius (AUDIO) kaufen?

Am 20. April 2022 hatte Audius (AUDIO) einen Wert von 1,3422 USD.

Wenn wir uns ansehen, wie sich der Token auf seinem Allzeithoch entwickelt hat, erreichte Audius (AUDIO) am 27. März 2021 einen Wert von 4,95 USD. Dies bedeutet, dass der AUDIO-Token bei seinem ATH um 3,6078 USD oder um 268 % höher war als heute.

Im Vormonat hatte Audius (AUDIO) am 7. März mit 0,6825 USD seinen niedrigsten Wert.

Sein Höchststand war am 31. März, als er einen Wert von 1,2846 USD erreichte. Hier können wir sehen, dass der Wert des Tokens um 0,6021 USD oder um 88 % gestiegen ist.

Vor diesem Hintergrund kann AUDIO bis Ende April einen Wert von 1,8 USD erreichen, was es zu einem soliden Kauf macht.

The post Top NFT-Token zum Kauf am 20. April: GMT, GENE und AUDIO appeared first on BitcoinMag.de.