Monat: Mai 2022

Veröffentlicht am

The land of the absurd: how did ANC gain 66% and where to buy ANC?

Sometimes things in crypto can be absurd. The Verge wrote in an article published on May 20 that Luna’s popularity was due to Anchor Protocol’s lending program, which promised annual yields of almost 20 percent.

Terra died, and Anchor Protocol’s token ANC is currently up 66% and gaining. 

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.

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 high-yield lending and borrowing protocol on stablecoin deposits. Lenders can deposit stablecoins and profit from their investments while taking advantage of low volatility at the same time – at least that’s what Anchor claims.

Anchor Protocol has attracted risk-averse investors looking for low-volatility, high-yield investments. It focused on LUNA and Terra’s stablecoin UST. 

Anchor Protocol is not the only lending protocol out there; it competes with AAVE, Compound, and more. It claims to stand out through its intuitive use and elegant user interface. 

The main value of the protocol is in connecting lenders and borrowers by offering the latter a way to borrow in stablecoin without losing their investments and the former a high interest rate on a purportedly stable asset. 

Should I buy ANC today?

ANC can 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. 

ANC price prediction

Wallet Investor believes ANC is a bad long-term investment, echoing sentiment on Twitter that Anchor is ‘next’ after Terra’s crashed LUNA. Digital Coin Price is more positive, predicting a slight increase of ANC to $0.33 this year. 

As for the following years, they predict: 

  • 2023: From $0.31 to $0.37
  • 2024: From $0.28 to $0.42
  • 2025: From $0.40 to $0.49   

ANC on social media

The post The land of the absurd: how did ANC gain 66% and where to buy ANC? appeared first on Coin Journal.

Veröffentlicht am

Wrapped Luna is gaining, up 9%: here’s where to buy Wrapped Luna

The live Wrapped Luna token price today is $0.000189 with a 24-hour trading volume of just under $9 million. Wrapped Luna token is up 8.61% in the last 24 hours.

This brief guide has everything you need to know about the Wrapped Luna token, including whether and where to buy Wrapped Luna if you choose. 

Top places to buy Wrapped Luna now

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

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

What is Wrapped Luna?

Wrapped Luna (WLUNA) is a token on the Ethereum Mainnet that’s intended to represent Terra (LUNA) on this blockchain. It is a separate ERC-20 token created to track LUNA’s value. 

WLUNA was designed to allow LUNA owners to hold, trade, and take part in DeFi dApps on Ethereum. You can exchange 1 LUNA for 1 WLUNA and vice versa through a WLUNA partner. WLUNA requires 14 network confirmations.

Should I buy Wrapped Luna today?

Wrapped Luna 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. 

Wrapped Luna price prediction

GOV Capital is extremely bullish on WLUNA, forecasting it will trade for $157.24 in a year and for $454 in 5 years. Wallet Investor makes a similar prediction, but warns it may be highly unrealistic due to the nature of Wrapped Luna. 

Price Prediction seems more reasonable. They predict a minimum price of $0.22 and a maximum of $0.27 in 2025.  

Wrapped Luna on social media

The post Wrapped Luna is gaining, up 9%: here’s where to buy Wrapped Luna appeared first on Coin Journal.

Veröffentlicht am

3 relatively small projects to watch in P2E gaming

Play to Earn or P2E is expected to see massive investments in the coming months. In fact, Andreessen Horowitz, one of the leading VC firms in crypto, has set aside over half a billion dollars to invest in P2E. So, why should you even bother with these projects? Here are some reasons:

  • P2E is going to see a lot of big money flowing in the near term.

  • New projects are offering P2E, NFTs and metaverse wrapped up together

  • The industry is new, so there is literally unlimited potential right now.

While there have been successful P2E projects in the past, like Axie Infinity, the three below should be worth keeping an eye on.

League of Kingdoms Arena (LOKA)

League of Kingdoms Arena (LOKA) is a decentralized multiplayer online game that offers an exhilarating experience. Users compete for resources in several tournament battles. 

Data Source: TradingView 

You are also able to collect resources across the metaverse, build armies, and see your kingdoms grow. In-game NFTs are also included as part of the game. So far, League of Kingdoms has earned a huge following in recent months and is set to become one of the biggest games out there.

Dreams Quest (DREAMS)

Dreams Quests (DREAMS) is building a robust self-sustaining metaverse economy. The plan is to integrate gaming and social elements into the game with additional DeFi capabilities too. The project is just taking off and is yet to even break $1 million in terms of market cap. There is a lot of possible growth here.

Crypto Blades (SKILL)

Crypto Blades (SKILL) is an innovative metaverse game that allows users to craft NFTs and sell them within the game. Built on the Binance Smart Chain, players can build powerful weapons and tools that can be used to defeat opponents and earn rewards in the process. The project is also at its infancy stage, with a market cap of less than $2 million.

The post 3 relatively small projects to watch in P2E gaming appeared first on Coin Journal.

Veröffentlicht am

Top 3 UST alternatives to consider right now

Before its crash a week ago, Terra’s UST was one of the biggest dollar-pegged stablecoins in the market. The coin was finally de-pegged and has since lost almost 90% of its value against the dollar. So, it is obvious that crypto investors are looking for alternatives, and here is why.

  • USD linked stablecoins are crucial for most crypto-related transactions.

  • Stablecoins also help investors to reduce exposure to other volatile crypto assets.

  • USD-linked stablecoins are the main drivers of DeFi.

With this in mind, if you are looking for better alternatives to UST, we have a list of three coins below to check out.

Tether (USDT)

When it comes to dollar-linked stablecoins, nothing compares to USDT. It is the biggest dollar-pegged coin by market cap and one of the more trusted options. 

Data Source: TradingView 

There were some fears after the UST collapse that Tether could lose its peg. But those fears have now been quashed. USDT appears as stable as ever. While the coin is not 100% safe, it is a far better option compared to most of the dollar-pegged coins in crypto right now.

USD Coin (USDC)

USD Coin (USDC) has an overall market cap of around $53 billion. After Tether, it is the second-largest dollar-pegged stablecoin. USDC has shown incredible stability over the last few weeks. 

Even as Tether and other stablecoins appeared to shake slightly in the wake of the UST collapse, USDC remained largely unchanged. It’s therefore a safe option for investors keen on using dollar-pegged coins. Besides, the circulation of USDC is backed by real currencies held in reserve and additional US treasury bonds.

Pax Dollar (USDP)

Pax Dollar (USDP) may not be as big as Tether or USD Coin, but it is a very decent stablecoin. Its market cap is slightly below $1 billion, but that’s not a bad thing. Besides, USDP is fully collateralized. This gives it a bit of extra stability.

The post Top 3 UST alternatives to consider right now appeared first on Coin Journal.

Veröffentlicht am

Fantom (FTM) stabilizes after falling nearly 90% in less than 2 months

Fantom (FTM) is trying to reverse its downward trend after falling sharply over the last two months. The coin has stabilized and is looking to begin a steady upward rally to try and recover some of the losses. However, this bullish outlook remains very short term. Here are the facts:

  • FTM has lost nearly 90% in value over the last 7 weeks.

  • The coin is however showing signs of an instant trend reversal after 24-hour gains of around 16%.

  • Fantom remains below crucial DMAs, suggesting more weakness could come.

Data Source: TradingView 

Fantom (FTM) – How far can it rally?

After shedding a lot of value over the last few weeks, FTM has shot up almost instantly. There are signs that the long-term downward trend is reversing, and more gains could come in the coming days. However, Fantom still remains pressured under several resistance zones. 

While it is now testing $0.5, we don’t see any further upside above $0.6. Besides, FTM has managed to lift itself up quite substantially after bottoming at $0.27 in Mid-May. In fact, the coin has added nearly 50% in value from its lowest price this month. It is likely that this decisive upward run will lose momentum in the days ahead. 

As such, we expect FTM to remain below $0.5 at least for another week. However, if fantom bulls can somehow pull off a miracle and smash past the $0.6 resistance, FTM could surge towards $1 by the end of the month.

Should you buy FTM?

FTM has largely underperformed the entire market. Although most major coins are down in 2022, Fantom has reported sharper declines partly due to major ecosystem news. 

But this does not change the fact that Fantom remains a very decent crypto project. So, even though the prices right now are unpredictable, FTM still has so much value to offer in the longer term.

The post Fantom (FTM) stabilizes after falling nearly 90% in less than 2 months appeared first on Coin Journal.