Monat: Mai 2022

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Top places to buy MIR, which gained 85% today

It would be an understatement to say that MIR, the native token of Mirror Protocol, has exceeded analysts’ expectations. It has gained 85% just today and it seems that’s just the beginning.  

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

Top places to buy MIR now

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

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

What is MIR?

MIR is the token of Mirror Protocol, which has a wide range of uses, among which trading synthetic tokenized assets on the Terra blockchain. 

Real shares like Tesla and Netflix are examples of these tokenized assets that you can trade on Mirror. Crypto holders can also use it to buy gold and other commodities. 

Experts in the cryptocurrency industry expected MIR to plunge together with LUNA and UST because it’s based on Terra’s blockchain. However, MIR is not algorithmically linked to UST like UST is to Terra Luna. This saved it from downfall.  

Should I buy MIR today?

MIR 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. 

MIR price prediction

Wallet Investor warns that MIR is a bad investment. Price Prediction is moderately bullish, predicting an average price of $0.61 next year. In 2024, they expect 1 MIR to trade for at least $0.86. 

MIR can be expected to break $1 that year, reaching $1.03. In 2025, the price of 1 MIR is expected to reach a minimum of $1.25. 

MIR on social media

The post Top places to buy MIR, which gained 85% today appeared first on Coin Journal.

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ANC doubles its value in 24 hours: where to buy ANC now

ANC, the native token of Anchor Protocol, has been rallying over the past two days. The Terra blockchain-based crypto doubled its value in just 24 hours, adding more than 100%.  

Its rally stems from an announcement made on May 21. Anchor is bridging Terra’s bETH tokens to Ethereum. Users can send their bETH tokens from the Terra protocol to Ethereum, swap them for stETH and earn staking yields of up to 4% APR. 

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

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.

Buy ANC with KuCoin today

BKEX

BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.

Buy ANC with BKEX today

What is ANC?

Anchor Protocol is a lending and borrowing protocol offering high yields on stablecoin deposits. It was founded in March 2021 by Terraform Labs, which was in turn cofounded by Do Kwon, the creator of Terra.

The protocol uses revenue from the spread between borrowers’ and lenders’ interest rates to earn staking rewards. Its treasury, the Anchor Yield Reserve, covers its expenses when rates have not reached a stable equilibrium. 

Should I buy ANC 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. 

ANC price prediction

Digital Coin Price is quite bullish on ANC: 

  • 2022: from $0.57 to $0.66
  • 2023: from $0.62 to $0.75
  • 2024: from $0.57 to $0.85
  • 2025: from $0.80 to $0.99 

ANC on social media

The post ANC doubles its value in 24 hours: where to buy ANC now appeared first on Coin Journal.

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Top 3 centralized exchange tokens to buy the dip in

Cryptocurrency companies have also suffered from the ongoing winter in the digital currencies industry continues. This explains why the Coinbase stock price has crashed by over 84% from its all-time high. Similarly, centralized exchange tokens (CET) have all retreated sharply in the past few months. Here are some of the best CET cryptocurrencies to buy.

FTX Token (FTT)

FTX is one of the biggest cryptocurrency exchanges in the world. It operates an international brand and a US-focused company. Combined, the two have been valued at over $30 billion by private investors. This makes it more valuable than Coinbase, which has a market cap of over $15 billion. 

The FTX Token is the biggest centralized exchange token globally with a market cap of over $4 billion. The FTT token price has crashed by 64% from its highest level in 2021. With the company expanding to stocks trading, there is a possibility that the token will bounce back in the near term. This rebound will mostly happen when other cryptocurrencies start recovering.

OKB (OKB)

OKX is a large company that provides a platform where people can buy and sell digital currencies. Like FTX, it most focuses on cryptocurrency derivatives, which have become even bigger than spot currencies. According to CoinMarketCap, it handles over $10 billion of cryptocurrencies every day. OKX also has features that let people buy and sell non-fungible tokens (NFT) and other DeFi platforms.

The OKB price has been in a strong bearish trend in the past few months as demand for cryptocurrencies has declined. Similarly, the overall volume of derivatives traded in the ecosystem has been in a downward trend. OKB is a good buy because of the overall market share of the company.

KuCoin Token (KCS)

KuCoin is another large cryptocurrency exchange that handles billions of dollars every day. Its KCS token has a market cap of more than $1.6 billion. Unlike other centralized exchange tokens, KCS has done relatively well in the past few days. It has risen by more than 45% from its lowest level in February. 

The most recent catalyst for the KCS price was the large $150 million fund that the developers raised this month. They plan to use the funds to expand the ecosystem in areas like DeFi and the metaverse.

In addition to these three, the other top centralized exchange tokens are Huobi Token, Swissborg, and Gate.

The post Top 3 centralized exchange tokens to buy the dip in appeared first on Coin Journal.