Highlights May 19: Major cryptos deep in the red

Crypto Crash represented by coins falling into flames

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. 

Top cryptos

The crypto market was in the red this morning, with the majority of top 10 cryptos registering significant losses. Bitcoin was down around 3% at time of writing, trading below $30,000. 

Ethereum was around 4% lower, XRP was down around 5%, and Cardano registered losses of 6%. The biggest top 20 loser is Avalanche, which shed 12%.

NEAR Protocol dropped out of the top 20. Its place has been taken by UNUS SED LEO, which has registered some of the smallest losses of all top 100 coins. 1 LEO is about to break $5. 

Tron is the only gainer in the top 20. Currently ranking at #14 by market cap, it has gained 3% in the last 24 hours and is trading for 7 cents. 

Top movers

Outside the top 20, the tendency was similar, with most coins losing 3-8% of their value. Outside that range were Decentraland with -10%, The Graph with -12%, IOTA with -11%, and STEPN, Waves, and Convex Finance, each down 13%. 

Chiliz reversed yesterday’s gains, shedding 14% of its value. Kadena also lost 13%, but it’s still up 66% this week. 

The second-biggest loser is Curve DAO Token, which lost 17% today. TerraUSD dropped another 42% and is currently trading for 8 cents.  

Apart from a few stablecoins, Decred is the only top 100 gainer. It added 4% to its value today.  

Trending

The biggest winner today is a BNB Smart Chain token called Fairy Forest NFT (FFN). Fairy Forest is a project you can play on the web, from a computer, tablet or mobile, anywhere. No previous knowledge about cryptocurrencies is required. FFN is up 1,131% today. 

The post Highlights May 19: Major cryptos deep in the red appeared first on Coin Journal.

Top Gaming-Token, die Sie diesen Mai nicht verpassen sollten

  • Blockchain-Gaming-Studios sammeln Millionen für Spielestarts.

  • Das Metaverse und GameFi als Ganzes haben im gesamten Kryptobereich ein enormes Wachstum erlebt.

  • Dies sind die besten Gaming-Token und Gesamtprojekte, die Sie kaufen können, um das Beste aus dem Blockchain-Gaming-Bereich herauszuholen.

Gala (GALA), WAX (WAXP) und Mobox (MBOX) sind Gaming-Token, die diesen Mai Ihre Aufmerksamkeit wert sind.

Am 18. Mai 2022 wurden GALA-Token auf Coins.ph verfügbar, einer mobilen Wallet, die es Filipinos ermöglicht, digitale Währungen zu kaufen, online zu bezahlen und zu handeln.

Darüber hinaus wuchsen die WAX Blockchain und das Ökosystem am 18. Mai 2022 um ein weiteres Spiel, einen Play-to-Earn (P2E) RPG-Titel, der im Rampenlicht der Community stand: The Adventurer’s Guild.

Es gibt zahlreiche Spiele, die konsequent auf der WAX-Blockchain entwickelt und gestartet wurden.

Am 19. Mai 2022, wurde der MBOX-Handel auf KuCoin live geschaltet, wo Benutzer MBOX/USDT- und MBOX/BTC-Paare handeln konnten.

Sollten Sie Gala (GALA) kaufen?

Am 19. Mai 2022 hatte Gala (GALA) einen Wert von 0,0765 USD.

Das Allzeithoch von Gala (GALA) war am 26. November 2021, als es 0,824837 USD erreichte.

Betrachtet man die Wertentwicklung des Tokens im April, so hatte Gala (GALA) am 2. April mit 0,2719 USD seinen höchsten Wert. Sein Tiefststand lag am 30. April bei 0,1457 USD.

Dies bedeutete einen Rückgang um 0,1262 USD oder 46 %. Mit 0,0765 USD befindet sich GALA jedoch an einem soliden Preispunkt, da der Wert bis Ende Mai 2022 auf 0,15 USD steigen kann.

Sollten Sie WAX (WAXP) kaufen?

Am 19. Mai 2022 hatte WAX (WAXP) einen Wert von 0,13135 USD.

WAX (WAXP) überschritt sein Allzeithoch am 9. Januar 2018, als es 2,77 USD erreichte.

Betrachtet man die Wertentwicklung des Tokens im Vormonat, so hatte WAX (WAXP) am 2. April mit 0,393 USD seinen höchsten Wert, während er am 30. April mit 0,2253 USD seinen niedrigsten Wert erreichte.

Hier sehen wir einen Wertverlust von 0,1677 USD oder 42 %. Vor diesem Hintergrund ist WAXP ein solider Kauf, da es mit dem Wachstum seines Gaming-Ökosystems bis Ende Mai 2022 0,2 USD erreichen kann.

Sollten Sie Mobox (MBOX) kaufen?

Am 19. Mai 2022 hatte Mobox (MBOX) einen Wert von 1,12438711 USD.

Betrachtet man das Allzeithoch des Tokens, so hatte Mobox (MBOX) am 1. Dezember 2021 einen Wert von 15,44 USD.

Wenn wir uns die Wertentwicklung des Tokens im vergangenen Monat ansehen, hatte Mobox (MBOX) am 3. April mit 4,1899 USD seinen höchsten Wert. Sein Tiefststand lag am 30. April bei 2,0841 USD. Dies war ein Rückgang um 2,1058 USd oder 50 %.

Mit seinen jüngsten Entwicklungen und Notierungen kann MBOX jedoch bis Ende Mai 2022 einen Wert von 1,9 USD erreichen, was es zu einem soliden Kaufobjekt macht.

The post Top Gaming-Token, die Sie diesen Mai nicht verpassen sollten appeared first on BitcoinMag.de.

DeFi Land launches a new P2E agricultural-related game feature

DeFi Land, a multichain agriculture-simulation game built on Solana to gamify Decentralized Finance (DeFi), has launched a new play-to-earn (P2E) agriculture-related game feature.

Up to date, DeFi Land is the third largest game in terms of the market cap and yet more features are expected to be introduced today.

According to the DeFi Land team, the platform was able to raise $1.75 million from the sale of Non-Fungible Tokens (NFT) while it was being launched earlier this year.

DeFi Land

Normally, DeFi Land is a free-to-play game where players can join without any starting funds and strive to earn XP as well as compete with other players on the leaderboard to earn monthly rewards.

DeFi Land’s new P2E game feature

After the full P2E launch, users can perform all agricultural-related activities like farming, shooting, and fishing. The team also promised that the P2E game will be accessible to players and it will also be displaying basic farming simulations like Stardew Valley and Harvest Moon titles.

Players will be rewarded with the game native tokens, DFL tokens, alongside, a new in-game currency called GOLDY will also be introduced.

With the two, GOLDY and DFL, players can upgrade their NFTs and also craft, customize and repair in-game items. According to the developers, players can also use the currencies to interact socially with other players.

However, these P2E game features will only be available to players who possess DeFi Land Gen-0 NFT. According to OpenSea data, the floor price of the collection is currently at 1.55 SOL which is approximately $88 in the current market.

More integrations coming

DeFi Land developers noted that in the coming months they will be exploring ‘’a multichain future’’ as well as announcing more chain integrations this June.

In addition, the DeFi Land alpha mobile version is currently under development with its release expected to come between July and September this year.

The post DeFi Land launches a new P2E agricultural-related game feature appeared first on Coin Journal.

Why is Tron outperforming the broader crypto market today?

The cryptocurrency market has been underperforming in the last 24 hours, but Tron has performed positively during that period.

The broader crypto market has underperformed for the second-consecutive day this week. The market has lost more than 3% of its value in the last 24 hours, and the total cryptocurrency market cap stands below $1.3 trillion again.

Bitcoin remains the market leader and has lost 2.7% of its value so far today. BTC is now trading at around $29,100 per coin. 

Ether is trading below the $2,000 resistance level once again after losing more than 4% of its value in the last 24 hours.

TRX, the native token of the Tron ecosystem, is the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours. TRX is up by 1.4% so far today, outperforming the broader cryptocurrency market in the process.

At press time, TRX is trading at $0.072636. There is no obvious catalyst behind TRX’s positive performance. The Tron network’s USDD stablecoin has been gaining traction in recent days despite the recent negative sentiment towards stablecoins.

Key levels to watch

The TRX/USDT 4-hour chart is currently neutral as Tron has been performing well over the past 24 hours. Technical indicators show that TRX is recovering from its recent slump.

The MACD line is within the negative zone but could soon enter the neutral territory if the ongoing performance is maintained. The 14-day relative strength index of 53 shows that TRX is no longer in the oversold region.

If the positive performance continues, TRX could surge past the first major resistance level at $0.07478 before the end of the day. However, it would need the support of the broader crypto market to make a move past the $0.080 resistance level.

With the broader market now bearish, TRX could move in a similar direction and slip below the first major support level at $0.06998 over the next few hours. The second major support level at $0.06704 should cap further downward movement in the short term. 

The post Why is Tron outperforming the broader crypto market today? appeared first on Coin Journal.

CoinCorner launches a contactless BTC card powered by Lightning network and NFC

CoinCorner, a crypto exchange and a web wallet provider, has announced the launch of its Bolt Card. 

The bolt card is a Contactless Bitcoin (BTC) card that is powered by Lightning Network (LN) and near-field communication (NFC).

How Bolt Card works

The Bolt Card will enable users to leverage the power of the Lightning Network, a layer 2 (L2) payment protocol built on Bitcoin that enables cheap and faster transactions, to make direct payments by tapping the card on a sale device presenting Lightning invoice. 

Danny Scott, the CEO of CoinCorner explained the payment process by saying that after tapping the card on the lightning-enabled point-of-sale (POS) terminal, a request of payment is sent to the user’s CoinCorner account where the British Pound Sterling (GBP) is exchanged to BTC and sent over lightning to the merchant.

However, Scott went ahead to say:

“We’re still early, so as we continue to work on making Lightning an everyday use case, we will explore other concepts around how to make The Bolt Card, and the user experience for all Lightning use cases, better.”

Scott also noted that the card is already compatible with BTCPay and CoinCorner but they are working on adding support to FastBitcoins, LNBits, and Ibex Mercado soon.

Users can pay using the card in all locations that have CoinCorner with Lightning-enabled POS gadgets. 

Currently, there are around 20 stores in the Isle of Man but the exchange is planning to roll out more stores in the UK and other countries.

Covering Android users 

Android users will not be left behind as they can use the card to pay at checkout on the websites that accept Bitcoin and Lightning payment which include online betting platform Rivalry, Davison’s Ice Cream, fudge company Yum Yum Tree Fudge, Cannabidiol (CBD) company Herts Hemp and many more.

It is also important to note that Bolt Card has come days after Sam Bankman-Fred, FTX crypto exchange CEO, said that Bitcoin cannot be an efficient payment method and that he will focus on integrating LN. His comment led to a massive community backlash.

However, some users were still optimistic about the card saying that it can pave way for massive Bitcoin adoption.

One of the users commented via Twitter saying:

“This could very well bring mass adoption. Hard for people to learn a complete diffrent way of doing commerce better adapt Bitcoin to what people are already familiar with.”

The post CoinCorner launches a contactless BTC card powered by Lightning network and NFC appeared first on Coin Journal.