Der ETH-Gründer hat die Spende nicht öffentlich bekannt gegeben.
Anchor Protocol shed almost a tenth of its value: is it time to buy the ANC dip?
After an extended rally ANC, the 93rd biggest coin by market cap, is starting to reverse gains. It had lost almost 10% at the time of writing.
If you want to know what ANC is, can it give you good returns, and the top places to buy ANC, you’ve come to the right place.
Top places to buy ANC now
KuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
What is ANC?
Anchor Protocol is a lending and borrowing protocol on Terra, which offers a high yield on stablecoin deposits. The surge in stablecoins’ popularity led to a corresponding surge of the ANC token price. These gains are now starting to recede.
On Anchor, borrowers can turn LUNA collateral into productive assets without relinquishing control. Lenders can deposit their UST and earn attractive rates on their investments while benefiting from low volatility at the same time.
Anchor Protocol has attracted risk-averse investors looking for stable and high-yield investments, increasing demand for Terra’s stablecoin UST. This promotes the adoption of UST and subsequently the adoption of the whole Terra ecosystem in DeFi.
Should I buy ANC 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.
ANC price prediction
According to Coin Quora, the bullish ANC price prediction ranges from $2.89 to $5. They are positive on its trajectory, predicting it could reach $10 soon. The bearish ANC price prediction is $1.32 for 2022. It’s currently around $3.
ANC on social media
Buying #ANC at spot#btc #cryptosignal pic.twitter.com/1IyKtMIB3Y
— Crypto Economy (@cryptoeconom) April 3, 2022
The post Anchor Protocol shed almost a tenth of its value: is it time to buy the ANC dip? appeared first on Coin Journal.
Polygon (MATIC) eyes new all-time highs – Can it actually do it?
Many coins are experiencing a mixed start to April. Polygon (MATIC) in particular, appears to be losing momentum after a strong push at the end of last month. But despite this, the altcoin is still eying some all-time highs in the near term. Here are all the facts you need to know:
-
MATIC still remains within a crucial demand zone despite falling 8% in 24 hours.
-
Technical indicators suggest that a surge towards $2 is highly likely this week.
-
This could open up a door for a new all-time high of $3 in the near term.
Data Source: Tradingview
Polygon (MATIC) – The road to ATHs
Hitting $3 may have seemed inconceivable for MATIC a few weeks ago. The coin was really struggling to find any upward momentum. But things have really turned around. At one-point MATIC was in fact testing $2 albeit it has since fallen ever since.
But even with this slowed uptrend, the coin is now between a crucial demand zone of between $1.44 and $1.55. If bulls are able to maintain the price within this range, it is likely that MATIC will break out and race towards $2 again in the coming days.
The key thing after this would be to see just how long the price can stay above $2. If we see a sustained push above $2, it will only be a matter of time before MATIC smashes $3, setting a new all-time high in the process. This thesis will however be invalidated if the price closes below $1.44.
Is MATIC a good buy now?
As long as MATIC remains within the demand zone listed above, we believe it has a lot of upward momentum. It would therefore make sense to buy it and exit at around $2. Long-term investors can also grab MATIC right now before they are priced out in the coming rally.
The post Polygon (MATIC) eyes new all-time highs – Can it actually do it? appeared first on Coin Journal.
Cronos (CRO) could see a 15% correction in the coming days
Cronos (CRO) has continued to struggle to maintain its recent uptick in price. There were hopes that finally, the coin would manage to cross past $0.5, but despite bulls pushing it to the limit, CRO failed. The coin is now staring at a possibility of a major correction. Here is what to know:
-
The chart shows a serious RSI divergence that could suggest a pullback is imminent.
-
CRO was also rejected at $0.5 as upward momentum fizzled out
-
The coin has lost around 6% over the last 24 hours, with more to come.
Data Source: Tradingview
Cronos (CRO) – Why a 15% is plausible
After a steady rise over the last two weeks, off-late CRO has been displaying several bearish technical signals. First, it seems the coin’s upside at the moment is capped at $0.48. In fact, CRO has tried to break above the $0.5 mark five times and has failed.
It is clear that the coin has no upward momentum right now, and the only way is down. The RSI divergence also suggests that a pullback is going to happen at any time. We expect CRO to retreat towards $0.43 in the days ahead as it tries to generate demand.
If bulls are not able to push the price back up again, CRO will bottom at around $0.41 or thereabout. However, if the coin can somehow manage to break the $0.5 barrier, then this analysis will become null and void. We do not see this happening though in the days ahead.
Why CRO has struggled past $0.5
So far, the $0.5 mark has proved to be the most difficult overhead resistance for CRO. It is likely that this is basically a psychological barrier.
Since the coin has failed so many times before to smash past it, most traders would rather take a profit at around $0.5 instead of facing any serious upside risks.
The post Cronos (CRO) could see a 15% correction in the coming days appeared first on Coin Journal.
What is making Avalanche’s AVAX price rise as majority of cryptocurrencies dip?
Avalanche’s AVAX price is rising at a time when its peers are on a week’s long dip. Avalanche made a sudden surge and hit a daily high of $90.05 before pulling back to around $87.77 at the time of writing.
AVAX is still trading in the green with a 1.67% gain in the last 24 hours.
So, what are the factors behind the current Avalanche price surge? This article delves into explaining the behind-the-scenes causing the price of AVAX to rise when a majority of coins including Bitcoin, and Ethereum are in the red.
Why is Avalanche price ricing?
The reason for today’s Avalanche price surge is Terra Luna Foundation’s announcement that it has added Avalanche (AVAX) to its UST Reserve. Terra went ahead and bought AVAX coins worth $100 million.
The move made Avalanche the second larger 1 solution digital asset to be added to the UST Reserve with the first being Bitcoin.
Terra Luna Foundation made the revelation through a Tweet stating:
2/ The @LFG_org’s OTC deal to add $100 million of $AVAX to the $UST Reserve makes AVAX the first major crypto-asset besides $BTC to be added to the UST Reserve, marking the beginning of a diversified and non-correlated asset pool supporting the $UST peg.
— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) April 7, 2022
Besides, adding Avalanche to its UST Reserve and buying AVAX coins, Terra has also partnered with Avalanche to develop a new gaming subnet using Avalanches subnets. Terra Luna Foundation bypassed Ethereum to choose Avalanche since they believe Avalanche is experiencing rapid growth and it has a wide fan base.
Don Kwon, who is the founder of Terra said:
“Avalanche is still a growing ecosystem…a lot of it is fueled by loyalty to the AVAX token and users feel a lot of affinity with an asset that aligns itself with AVAX. Whereas for the average Ethereum user, aligning yourself with Ether doesn’t really mean that much.”
The team at Terra Luna Foundation also went ahead and tweeted about Terra collaborating with Avalanche on the new gaming subnet stating that “Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.”
6/ In particular, Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.
As a result, Terra and Avalanche will be collaborating on a new gaming subnet – with details to be released at a later time.
— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) April 7, 2022
The above developments have brought the recent AVAX price drop to a halt and made it start rising; something most investors believe could be witnessed for at least the next few days if not weeks.
The post What is making Avalanche’s AVAX price rise as majority of cryptocurrencies dip? appeared first on Coin Journal.