Monat: Juni 2022

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BRISE: Bitgert Price Analysis After Introducing USDT and USDC

Bitgert price has crawled back in the past few days as the crypto industry bounces back. The BRISE token is trading at $0.00000034, which is about 33% above the lowest level during the weekend. It has a market cap of more than $146 million, according to CoinMarketCap. The company warns that it has not verified the market cap while CoinGecko has a question mark. 

What is Bitgert?

The blockchain industry has seen a lot of growth in the past few months as developers target some fast-growing industries like non-fungible tokens (NFTs) and decentralized finance (DeFi).

Many developers have moved to build applications that seek to dethrone Ethereum as the most preferred platform for building applications. 

Most developers and users find Ethereum to be a difficult cryptocurrency to use. For one, it is a relatively faster platform and the cost of handling a transaction has gone up dramatically. Some of the most important alternatives to Ethereum are Cardano, Polkadot, Cosmos, and Avalanche.

Bitgert is another relatively small blockchain platform that seeks to become a viable alternative to Ethereum. It is a faster platform that has no transaction costs. BRISE is its governance token.

The Bitgert price is rising slightly today after the network introduced BRC20-pegged USDT and USDC coins in its platform. These are the two biggest stablecoins in the industry. The statement said:

“The pegged tokens are always backed 1:1 by BRC20. So the value of the USDT BRC20 is pegged to the Bep20 USDT token as 1:1 collateral. So, the value of USDT BEP20 will always remain the same as the value of the BRC20 token. So the pegged tokens are similar to a stable coin on the Bitgert chain.”

Bitgert price prediction

The four-hour chart shows that the BRISE price has been crawling back in the past few days after it crashed to a low of $0.00000026. It has risen by more than 35% from its lowest level this year. The coin has managed to move above the important 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved above the neutral point at 50. 

Therefore, there is a likelihood that Bitgert price will continue rising as bulls target the key resistance at $0.00000040. 

The post BRISE: Bitgert Price Analysis After Introducing USDT and USDC appeared first on CoinJournal.

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SweatCoin Price Prediction: Will SWEAT be a Good Crypto to Buy?

SweatCoin, the popular fitness application, is set to launch its native cryptocurrency as its demand surges globally. The move-to-earn company is expected to have the biggest crypto launches in 2022 as the number of its users rise.

What is Sweatcoin?

SweatCoin is a fintech company that is changing how people work out. The application uses a user’s smartphone GPS to track their movements on a daily basis. For every 1,000 steps, the app pays the person 1 Sweatcoin, which they can then use within the network.

SweatCoin is disrupting some of the biggest economies in the world. Fitness is a multi-billion dollar industry that has a wide total addressable market (TAM). Besides, most people have a smartphone these days. 

In addition to fitness, the app has the potential to disrupt the non-fungible token (NFT) industry. A good example of this is what StepN did. StepN is a move-to-earn company that lets people buy and sell sneaker NFTs in its platform. 

SweatCoin has been in a strong growth path in the past few years. According to its social media pages, the coin now has more than 100 million users from around the world. It is also the most downloaded fitness in the world this year.

How will the SweatCoin crypto work?

A common challenge for SweatCoin is that presently, it is impossible to cash out accumulated coins. Therefore, two months ago, the developers announced that they will unveil their SWEAT cryptocurrency.

The goal is to allow people to cash out their accumulated coins from any exchange like Coinbase, Binance, and OKX. Also, holders of the coin will get a chance to take part in the platform’s governance.

There is a lot that we don’t know about the SweatCoin crypto. What we know is that it will be launched on the Near Protocol, which is one of the biggest smart contract platforms in the world. When announcing the partnership, SweatCoin’s CEO said:

“Blockchain wasn’t sophisticated or fast enough back in 2015, but thanks to NEAR, it is now.  SWEAT: the token turbocharges our mission to create an Open Economy of Movement for  a billion people.” 

Is the SWEAT crypto a good buy?

A common question is whether the SweatCoin price will rise when it goes public. It is hard to predict. However, we can expect some near-term volatility as holders of the coin cash out in a large scale. Also, it is worth noting that other move-to-earn tokens like StepN’s GMT and Step App have all crashed recently.

The post SweatCoin Price Prediction: Will SWEAT be a Good Crypto to Buy? appeared first on CoinJournal.

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Polygon price surges: here’s why MATIC jumped 23% today

Over the past seven days, Polygon (MATIC) has experienced significant gains and it comes as a relief to Polygon traders and investors after a prolonged crypto market meltdown.

At the time of writing, MATIC was trading at $0.5116, up 23.65% over the past 24 hours. It has hit a daily high of $0.5145.

Although MATIC is still down by 82.67% from its all-time high of $2.92 that it had set last year on December 27, its trading volume has gained a whopping 114.45% to sit at $937.9 million in the last 24 hours.

But why is MATIC outpacing other cryptocurrencies in the bearish market? let’s dive into some of the reasons behind the MATIC price surge.

Carbon neutrality achievement

One of the main reasons for the rally is the achievement of Carbon neutrality after its recent partnership with KlimaDAO, an on-chain carbon market to achieve it. During their announcement yesterday, Polygon said that it has received $400,000 worth of carbon credits which is equivalent to 104,794 tons of greenhouse gases.

In an official blog post, the blockchain company said:

“Polygon has made a major first step toward becoming carbon negative with the retirement of $400,000 in carbon credits representing 104,794 tonnes of greenhouse gasses, or the entirety of the network’s CO2 debt since inception.”

Polygon co-founder Sandeep Nailwal also said:

“Reaching carbon neutrality is an important first step, but there is more work ahead. Polygon will lead the way as the whole industry moves toward becoming a net positive for the environment.” 

Whales’ accumulation of MATIC holdings

Another reason for the MATIC price surge is the increase in MATIC accumulation by whales.

According to a tweet posted today by Santiment, Wallets with between 10k and 10 million MATIC coins have purchased more MATIC coins, this has been happening since early May this year.

The post Polygon price surges: here’s why MATIC jumped 23% today appeared first on CoinJournal.

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Avalanche adds support for native Bitcoin via bridge feature

Avalanche says BTC bridging is currently only available via its Core Browser Extension.

Avalanche has added support for native Bitcoin (BTC) on the platform, which will happen via the Avalanche Bridge, according to a press release published on Wednesday.

The solution allows users to utilize their Bitcoin in the DeFi sector by directly transferring BTC to Avalanche, with users able to tap into earning and yield opportunities. 

Customers will still be able to hold Bitcoin on their portfolio, the team at the Layer 1 blockchain said in the announcement.

Over $500 billion in value to Avalanche DeFi

Avalanche, which is compatible with the Ethereum Virtual Machine (EVM), launched the Bridge functionality in August 2021. Over $50 billion in value transfers have happened in the blockchain’s DeFi ecosystem through the bridge since.

This will likely go up massively if the feature sees significant uptake across the Bitcoin community. According to Avalanche, the BTC support targets unlocking over $500 billion of value currently on the Bitcoin network and bringing it to the Avalanche DeFi ecosystem.

Ava Labs releases Core browser extension

Avalanche’s release of the BTC Bridge came at the same time that Ava Labs announced the launch of its Core Browser Extension. The non-custodial extension, available for free to users, is designed to help customers explore Web3 opportunities on Avalanche.

Users seeking to use their BTC in the DeFi ecosystem via the new bridge will need to download the Core Browser Extension. Avalanche does not support BTC bridging via Metamask or other wallets, the team said.

There are plans to also add support for Ethereum (ERC-20) tokens through the browser extension.

The post Avalanche adds support for native Bitcoin via bridge feature appeared first on CoinJournal.