Die Bitcoin-Hashrate erreicht ein weiteres Allzeithoch und hat 105.000 Blöcke seit der letzten Halbierung gemined. Damit hat er den halben Weg zur nächsten hinter sich.
Here is why Axie Infinity is up by 15% in the last 24 hours
Axie Infinity is the best performer amongst the top 50 cryptocurrencies by market cap.
The cryptocurrency market has performed well over the past 24 hours and the total market cap could break past the $1.8 trillion mark soon. The market has added nearly 3% to its value in the last 24 hours, which is a positive considering its performance in recent days.
Bitcoin, the world’s largest cryptocurrency by market cap, could soon reach the $40k psychological level after adding 1.6% to its value over the past few hours. Ether remains the second-largest coin and is also trading in the green zone. ETH looks likely to break past the $3,000 resistance level soon.
AXS, the native token of the Axie Infinity gaming ecosystem, is the best performer amongst the top 50 cryptocurrencies by market cap. AXS has added 15% to its value in the last 24 hours and now trades above $34 per coin.
The rally comes after the Axie Infinity team introduced a token burn tool for its SLP token. Smooth Love Potion (SLP) is the in-game asset of the popular blockchain-based gaming metaverse Axie Infinity.
The tool would enable tournament organisers to activate SLP buy-in that gets burned to help balance the economy.
Key levels to watch
The AXS/USD 4-hour chart shows that Axie Infinity is recovering from its recent slump. The MACD line remains below the neutral zone but could soon cross into the positive zone if the rally continues.
The 14-day relative strength index of 59 shows that AXS could soon enter the overbought region.
If the bulls remain in control, AXS could surpass the first major resistance level at $38.90 before the end of the day. However, the second major resistance level at $48.87 should cap further upward movement in the short term.
The post Here is why Axie Infinity is up by 15% in the last 24 hours appeared first on Coin Journal.
Liechtensteiner Privatbank LGT bietet Handel mit Bitcoin (BTC) und Ether (ETH) an
Die LGT Bank hat eine Partnerschaft mit der Schweizer Krypto-Bank Seba geschlossen und bietet nun die Verwahrung und den Handel mit Bitcoin und Ether an.
AVAX rallies by 9% following the launch of Valkyrie’s Avalanche Trust
The cryptocurrency market has performed well over the past 24 hours and the total market cap could break past the $1.8 trillion mark soon.
The broader cryptocurrency market is picking up pace towards the end of the week. The market has added nearly 3% to its value in the last 24 hours and the total market cap now stands above $1.79 trillion.
Bitcoin could soon reach the $40k psychological level after adding 1.6% to its value over the past few hours. Ether is also trading in the green zone and looks likely to break past the $3,000 resistance level soon.
AVAX, the native token of the Avalanche blockchain, is the best performer amongst the top 10 cryptocurrencies by market cap. AVAX is up by 9% in the last 24 hours and now trades at $66.11 per coin.
The rally comes after crypto investment firm Valkyrie announced on Wednesday that it was launching an Avalanche Trust (VAVAX) for traditional investors looking to gain exposure to the Avalanche ecosystem.
Sources familiar with the matter have revealed that the trust has already secured $25 million.
Key levels to watch
The AVAX/USD 4-hour chart is bullish, thanks to Avalanche’s ongoing positive performance. The technical indicators are starting to improve following its recent bearish run.
The 14-day relative strength index of 59 shows that AVAX is out of the oversold region. If the rally continues, the RSI could surpass 60 and head towards the overbought zone.
The MACD line crossed into the positive territory a few hours ago, indicating bullish momentum.
If the rally continues, AVAX could surpass the first major resistance level at $72.33 before the end of the day. However, it would need the support of the broader market to cross the $79.65 resistance point.
The post AVAX rallies by 9% following the launch of Valkyrie’s Avalanche Trust appeared first on Coin Journal.
You can buy Cardano, which is at the fore of the market rally: here’s where
The ninth-biggest coin by market capitalization added almost 14% to its value during early Asian trading hours before a slight drop.
Demand from retail traders was the driving factor for the growth. Live data showed a 186% increase in the number of wallets holding Cardano’s token ADA for more than a month, CoinDesk reported.
This brief guide has everything you need to know about the Cardano network and coin, including whether and where to buy Cardano if you choose.
Top places to buy Cardano now
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Capital.com
Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.
Buy ADA with Capital.com today
What is Cardano?
Cardano is one of the biggest blockchains to apply a proof-of-stake consensus mechanism successfully, which is less energy intensive than Bitcoin’s proof-of-work algorithm.
Cardano claims all of the technology developed undergoes peer review, which means that all ideas can be challenged before they are accepted. This process ensures the Cardano blockchain is stable and durable, increasing the likelihood of anticipating potential issues.
As open-source code software, Cardano’s functionality runs on the premise of confidential transactions and crystal-clear transparency throughout the network.
The end users have the power with zero-disclosure evidence, facilitating the mathematical consistency of the entire transaction procedure.
Should I buy Cardano 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.
Cardano price prediction
Digital Coin Price predicts ADA will pass $2 by the end of 2025. It will trade for at least $1.65 that year.
The Reddit community forecasts ADA can go up to $1.80 by the end of this year, but it will reverse gains thereafter.
Cardano on social media
It’s official 🥳#Cardano winning polls and @cardano_whale saying „nice poll“ is now a #crypto meme
Deal with it ETH bois 🤣 pic.twitter.com/6NtNZtF7gi
— Cardanian (@Crypto_Goaat) May 4, 2022
The post You can buy Cardano, which is at the fore of the market rally: here’s where appeared first on Coin Journal.