Monat: April 2022

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Highlights April 11: Market bearish, KNC crashes top 100

The crypto market as a whole was bearish with few coins in the green at the time of writing. The majority of top 10 cryptos registered losses over the past 24 hours.

Top cryptos

Bitcoin was priced at below $43,000 at time of writing. Other cryptos were also lower, including Ethereum, down around 1%, and Cardano and XRP, registering losses of 2% and 3%, respectively. 

Bitcoin dropped below $42,000 for the first time since March 23. The flagship crypto is sliding back further into the range in which it has traded so far in 2022. According to Bloomberg, this is due to mounting concerns about rising interest rates. 

In Asian hours today, it had dropped to $41,918. It has been retreating over the past week. 

Since the Fed announced tightening monetary policy, most major cryptos have seen their value decline. Surprisingly, last week’s Bitcoin 2022 conference in Miami did not have a positive effect on Bitcoin’s price.

Top movers

The top 100 was equally bearish. Two exceptions to the rule were Zilliqa (+4%) and Stepn (+6%). KNC, the token of Kyber Network, crashed into the top 100 today with gains of 15% in the last 24 hours. 

It expanded to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to a 50% price increase of Kyber Network’s KNC token yesterday.  

Trending

Shiba Toby continues to rally. Shiba Toby bills itself as “the ultimate all-in-one token, providing the very best in cutting edge coding”. Holders get 5% reward for each sell transaction. 

Shiba Toby is a hyper-deflationary token with an automatic distribution of rewards. It gained 2,266% today.  

The post Highlights April 11: Market bearish, KNC crashes top 100 appeared first on Coin Journal.

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ROSE is underperforming ahead of Oasis Network’s Damask upgrade

The broader cryptocurrency market has been underperforming over the weekend.

The cryptocurrency market has been underperforming as the new week commences. Over the past 24 hours, the broader cryptocurrency market has lost nearly 2% of its value and now has a total market cap of $1.9 trillion.

Bitcoin, the world’s leading cryptocurrency, has lost 1% of its value today and trades below the $43k mark. Ether continues to struggle and could slip below the $3,000 psychological level if the bearish run continues.

ROSE, the native token of the Oasis Network, is also down by more than 2% over the last 24 hours. At press time, ROSE is trading at $0.2515 per coin.

The poor performance comes despite the Oasis Network getting read for its Damask protocol upgrade. The Oasis Foundation announced a few hours ago that the Damask upgrade will occur later today. 

The Oasis Foundation said the Damask upgrade would provide many improvements, including increased security and performance, strengthened governance mechanisms, and more decentralization.

However, it remains unclear if ROSE would rally in a few hours after the network upgrade has been completed. 

Key levels to watch

The ROSE/USD 4-hour chart is currently bearish as the coin has been underperforming over the past few days. The technical indicators show that ROSE is performing poorly at the moment.

The 14-day relative strength index currently stands at 42, down from the 68 recorded last week. The RSI shows that ROSE could soon enter the oversold region if the bearish momentum continues. 

The MACD also slipped into the negative zone over the weekend as the bears took control of the market. If the current market momentum persists, ROSE could drop below the first major support level at $0.2183 before the end of the day.

However, the major support level at $0.18836 should limit further downward movement in the short term.

If the bulls regain control of the market, ROSE could test the first major resistance level at $0.29356 over the coming hours. 

The post ROSE is underperforming ahead of Oasis Network’s Damask upgrade appeared first on Coin Journal.

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KNC is surging today, up 17% and counting: Top places to buy KNC

KNC is the token of Kyber Network, which underwent expansion to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to 50% price increase of Kyber Network’s KNC token yesterday. 

It continued to rally today, up around 17% at the time of writing. This brief guide has everything you need to know about Kyber Network and KNC, including whether and where to buy KNC if you choose.

Top places to buy KNC now

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

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

What is KNC?

KNC is the token of Kyber Network, a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp).

The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.

All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer.

Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.

Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs. 

Should I buy KNC today?

KNC 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. 

KNC price prediction

Wallet Investor expects a long-term increase; more specifically to $9.2 by April 2027. A 5-year investment will generate revenue of around +250%. If you invest $100 in it now, you will have $350 in 2027. 

KNC on social media 

The post KNC is surging today, up 17% and counting: Top places to buy KNC appeared first on Coin Journal.

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Astar is down 11% today, time to buy the dip? Best places to buy Astar

The live Astar price today is $0.29 with a 24-hour trading volume of $282.3 million. It has lost more than a tenth of its value today.

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

Top places to buy Astar now

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

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

What is Astar?

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. 

Polkadot Relay Chain doesn’t support smart contracts. That’s why it’s important for the ecosystem to have a parachain that enables this support for all developers who want to build in the Polkadot ecosystem. 

Astar aims to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other. 

Should I buy Astar today?

Astar 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. 

Astar price prediction

GOV Capital predicts Astar’s token ASTR will retain this price level over the next year. However, this won’t be the case 5 year from now, when 1 ASTR is projected to trade for $1.2. 

Astar on social media 

The post Astar is down 11% today, time to buy the dip? Best places to buy Astar appeared first on Coin Journal.