Monat: April 2022

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Here’s where to buy ION now, which broke $100B market cap

The live ION price today is $5,080. ION has been gaining steadily and is up 0.17% in the last 24 hours. The cryptocurrency’s fully diluted market cap is $100.2 billion at the time of writing. 

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

Top places to buy ION now

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

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

What is ION?

The ION is one of the world’s leading blockchains. It’s unique in being a Hybrid POS and POW secured blockchain. The Atomic Token Protocol (ATP) was built and designed by the ION core team and is fully optimized to run on the ION chain.

With ATP, businesses can easily and affordably create layered ticketing systems that can be reused. 

Gamegrid combined with the Jinx framework enable every game to be integrated or built using ION technology. ION is built for speed and immutability. 

Should I buy ION 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. 

ION price prediction

Digital Coin is very bullish on the price. They make the following prediction, from minimum to maximum price: 

  • 2022: $6,246.98 – $7,128.92
  • 2023: $6,724.85 – $8,084.67
  • 2024: $6,207.13 – $9,442.74

ION on social media 

https://twitter.com/ionomics/status/1280273418525511681      

The post Here’s where to buy ION now, which broke $100B market cap appeared first on Coin Journal.

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Binance receives in-principle approval to operate in Abu Dhabi

The ADGM intends to issue similar regulatory approvals to other global and local companies

The Abu Dhabi Global Market has announced that the world’s biggest crypto exchange Binance has received an in-principle to operate in the Emirate. The approval marks a crucial milestone in Binance’s goal to operate as a fully licensed firm.

The approval permits Binance to operate as a broker-dealer in a wide range of digital assets including cryptocurrencies in Abu Dhabi. This is Binance’s third regulatory approval in the middle east after similar advances in Bahrain and Dubai.

The ADGM is an international financial free zone in the UAE. Historically it has been a frontrunner in providing regulatory and supervisory oversight for financial services in its region. Commenting on Binance’s efforts to establish new dimensions of digital asset trading across the world, ADGM said:

“The IPA is part of Binance’s plans in establishing itself as a fully-regulated virtual asset service provider in an internationally recognized and well-regulated financial centre.”

Dhaher bin Dhaher, CEO of ADGM, welcomed Binance to UAE’s biggest city Abu Dhabi and promised to aid efforts by the exchange to establish its presence in the emirate.

In a bid to improve Abu Dhabi’s position as a hub for virtual assets and the digital economy, the ADGM also plans to provide similar regulatory approvals for other deserving local and global companies. The pro-crypto intent comes amid the fast-paced growth and rising importance of the industry.

Previously, prominent crypto exchange FTX was awarded an operational license in Dubai.

In March, the ADGM published a consultation paper that proposed that NFT trading in the jurisdiction should be allowed for ADGM-licensed companies.

In response, the Financial Services Regulatory Authority (FSRA), the region’s chief regulator stated that NFTs traded in consultation with the ADGM will be treated as intellectual property rather than as financial instruments. Further, facilitating such NFT trading will require companies to comply with strict Anti-Money Laundering (AML) and Sanctions Rules.

The post Binance receives in-principle approval to operate in Abu Dhabi appeared first on Coin Journal.

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3.41 million Cardano addresses reportedly red as ADA price continues to fall towards the $1 level

ADA has fallen by over 11% in the last week

An increasing number of investors are facing unrealised losses due to the fall back in the price of Cardano’s native currency ADA towards the $1 psychological level, a report by IntoTheBlock money indicator stated.

According to CoinMarketCap, the cryptocurrency is currently trading at $1.03 with a 3.28% gain in the last 24 hours.

The open-source and decentralized public blockchain platform Cardano has witnessed a bearish week with prices falling over 11% since Monday. This has pushed holders into the red as ADA is currently trading at over 64% lower than its all-time high of $3.09 in September 2021.

More than 67% of ADA holders are currently underwater while 25% of Cardano investors are profiting and 9% are at a breakeven point, the report explained.  The threat of ADA falling below $1 continues to loom over its holders, especially if the present trend of cryptocurrency’s performance continues.

The IntoTheBlock indicator uses the average cost at which tokens were purchased and compares it to the current price to report its findings.  According to this analysis, 3.41 million ADA addresses are facing losses vis-à-vis the 1.25 million addresses still in the green.

The indicator also used the amount of time the token has been held as an indicator to state that over 75% of ADA holders hold the token for between one and 12 months. 11% of investors hold the currency for more than a year and are thus the ones still recording a profit.

Fears that ADA will hit its yearly low of $0.80 as seen in March 2022 have further prompted more investors to sell, plunging the currency.

However, in terms of fundamentals, Cardano continues to look strong. The blockchain’s dApps are waiting for the Vasil hard fork in June to launch and network demand has continued to grow after the launch of the SundaeSwap decentralized exchange (DEX).

The post 3.41 million Cardano addresses reportedly red as ADA price continues to fall towards the $1 level appeared first on Coin Journal.