Eine der wichtigsten Investmentfirmen der Branche ist vorsichtig optimistisch, was die weitere Entwicklung von Bitcoin in den nächsten Wochen angeht.
Navcoin price has risen by 218% in 2 weeks. More upside?
Navcoin price went parabolic on Tuesday as investors pumped the Bitcoin alternative. NAV jumped to a high of $0.1540, which was the highest level since May 5th of this year. This price is about 218% above the lowest level in June.
What is NAV and why is it rising?
Navcoin is a cryptocurrency that was developed by Navtech and launched in 2014. It is a relatively small cryptocurrency that seeks to become a viable alternative to Bitcoin.
Navcoin works to solve some of the biggest challenges that Bitcoin has. For example, Bitcoin is not a private cryptocurrency, which explains why the FBI is able to track transactions in its network.
Similarly, Bitcoin is not a cheap cryptocurrency to use considering that a single transaction can cost tens of dollars. Most importantly, Bitcoin is based on the proof-of-work technology that is usually inefficient.
Navcoin solves all this in a number of ways. It is a proof-of-stake cryptocurrency that has strong privacy features. The coin has some security features similar to that of Monero.
Read our exclusive eToro review.
As a proof-of-stake coin, Navcoin gives its holders the ability to earn interest by just holding it. In addition to the NAV token, there is the xNAV and wNAV. xNAV is a private currency that is created using Navcoin’s technology. It is used by people who want to hide their identity when sending and receiving money.
wNAV, on the other hand, is the wrapped version of NAV and xNAV. It is a coin that allows you to interact with dApps and NFTs. Some of the top apps built using Navcoin’s technology are NavAlias, NavPool, NavBridge, and NavExplorer.
The Navcoin price is rising as the number of addresses in the ecosystem bounce back. After falling sharply last week, the number of active addresses has risen steadily in the past few hours.
Navcoin price prediction
The daily chart shows that the NAV price has bounced back in the past few days. Precisely, it has jumped from last month’s low of $0.0475 to the current level of $0.1550. As a result, the coin’s 25-day and 50-day moving averages have made a bullish crossover pattern while the Relative Strength Index has kept rising.
Navcoin is also above the important resistance level at $0.1167, which was the highest point on May 20th. Therefore, I suspect that the coin will likely keep rising as bulls target the key resistance point at $0.20. A drop below the support at $0.115 will invalidate the bearish view.
The post Navcoin price has risen by 218% in 2 weeks. More upside? appeared first on CoinJournal.
Krypto-Risikokapitalgeber Sequoia China sammelt 9 Mrd. US-Dollar ein
Der einflussreiche Risikokapitalgeber will mit den neuen Geldern allen voran in die chinesische Techbranche investieren, werden dabei auch Krypto-Unternehmen aus China gestützt?
EZB fordert „Harmonisierung“ der Krypto-Regulierung
Regulierungsbehörden aus 19 EU-Ländern sollen bei einer Sitzung im Juli über MiCA und deren mögliche Umsetzung sprechen.
Bitcoin City construction will take around ten years, says JAN3 CEO
El Salvador became the first country to make Bitcoin a legal tender and is now building a Bitcoin City.
CEO of JAN3, Samson Mow, has revealed that it would take around ten years to finish building the Bitcoin City.
JAN3 entered an agreement with the El Salvador government to build a Bitcoin City. Mow said the construction is going as planned but will take at least a decade before it is completed.
The construction of the Bitcoin City is one of the key projects of Nayib Bukele, the president of El Salvador. President Bukele believes that Bitcoin City is an excellent innovation that will attract investors to reside and settle in the country.
In an interview, Mow said
“Bitcoin City is easier to contextualize as a special economic region first than as a place with buildings because that will come later.”
JAN3 is also set to handle the immigration platform for Bitcoin City for the El Salvador government. The immigration platform will be designed to facilitate easy citizenship applications for bitcoiners in the city. Mow said;
“You will have bitcoiners trying to immigrate or apply for citizenship, and they will be uploading documents and all that. It is very important that it be a very secure system and platform.”
In June 2021, El Salvador made history as the first country to pass a law to accept BTC as legal tender. The bill came into law in September last year despite some protests in the country against it.
The El Salvador government received several warnings from global financial institutions like the World Bank and the International Monetary Fund (IMF) about the risks of adopting Bitcoin as a legal tender.
Despite that, El Salvador launched its Chivo wallet to enable its citizens to buy and exchange cryptocurrencies.
El Salvador bought today 80 #BTC at $19,000 each!#Bitcoin is the future!
Thank you for selling cheap 😉 pic.twitter.com/ZHwr0Ln1Ze
— Nayib Bukele (@nayibbukele) July 1, 2022
The El Salvador government has also been buying bitcoins. In July, President Bukele took advantage of the bear market and bought 80 bitcoin for $19,000, which amounts to $1.52 million.
The post Bitcoin City construction will take around ten years, says JAN3 CEO appeared first on CoinJournal.