Damit nicht nur die reichsten Krypto-Anleger in den Genuss erfolgreicher NFTs kommen, wird jetzt ein CryptoPunk NFT an 56.000 Wallets aufgeteilt.
Der Dominoeffekt geht weiter – Sparplattform Hodlnaut stoppt Auszahlungen
Obwohl Hodlnaut keine Verbindungen zu 3AC hatte und auch Investitionen in den UST dementiert, steht die Sparplattform nun vor der drohenden Zahlungsunfähigkeit.
Viele Verlierer, einige Gewinner – Kryptobörsen kämpfen in Krise um Traffic
Während Plattformen wie FTX und KuCoin in der Krise zu den Gewinnern gehören, müssen Coinbase und Binance Verluste bei den Traffic-Zahlen hinnehmen.
Stellar (XLM) and Avalanche (AVAX) take off after listing on Robinhood
Stellar (XLM) and Avalanche (AVAX) coins are rallying after Robinhood announced today that it has added them to the list of tradable digital assets on the popular trading app.
AVAX and XLM are now on Robinhood @avalancheavax @StellarOrg #CryptoListing https://t.co/QtzBwskSdo
— Robinhood (@RobinhoodApp) August 8, 2022
At the time of writing, XLM was trading at $0.1314 up 6.04% over the past 24 hours while AVAX was trading at $29.73 up 7.5% over the past 24 hours.
Both Avalanche and Stellar Lumen coins have been on a bullish trend since the beginning of August and the news of listing on Robinhood could send the prices of the tokens skyrocketing to new highs. The news has also come at a time when investors and crypto traders believe the crypto market is making a U-turn from its recent bear market.
Robinhood’s expansive crypto offering
Robinhood, which is predominantly known for stock trading, is known for its conservative listing policy especially when it comes to digital assets. But it has significantly expanded its crypto offering list this year.
Robinhood ventured into cryptocurrency in February 2018 by listing Bitcoin and a very small selection of altcoins. Later that year, the popular meme coin, Dogecoin (DOGE) was listed on Robinhood. The listing of Dogecoin sent the price of DOGE skyrocketing and forced the likes of Shiba Inu to start petitioning the trading app to also list it.
In early April 2022, the popular trading app added Solana (SOL), Shiba Inu (SHIB), and Polygon (MATIC) before adding Chainlink (LINK) in late June.
Early this year, Robinhood also started rolling out crypto wallets to allow users to withdraw cryptocurrencies from exchanges.
The post Stellar (XLM) and Avalanche (AVAX) take off after listing on Robinhood appeared first on CoinJournal.
Avalanche price prediction as AVAX crosses key resistance
Avalanche price rebound continued on Monday as demand for its NFT solutions rose. The AVAX token rose to a high of $30.16, which was the highest level since May 23rd of this year. It has jumped by over 118% from its lowest level this year. Its market cap has jumped to over $8 billion.
NFT growth
Avalanche is an Ethereum rival that solves some of the biggest challenges that smart contract platforms have. It is a proof-of-stake platform that has blazingly fast speeds and low carbon emissions. It is also known for its large Avalanche Rush and Multiverse funding rounds that are providing developers with millions of funds to build their projects.
Avalanche has been used to build some of the most popular blockchain projects in the industry. Some of the apps in its ecosystem are Benqi, Aave, Trader Joe, and GMX among others. Its total value locked (TVL) stands at over $2.45 billion, making it one of the biggest players in the DeFi industry.
However, this TVL is sharply lower than its all-time high of over $12 billion. At the same time, AAVE has a market dominance of about 45%, which is a bit risky.
It is unclear why Avalanche price went parabolic on Monday. A possible reason is that NFT projects in the platform have done relatively well. Data compiled by CryptoSlam shows that total sales in the ecosystem rose by over 37% in the past 24 hours.
There were 209 transactions worth over 28,730. Still, this volume is significantly lower than the 52,987 transactions that happened in Solana. Another possible reason why AVAX price is rising is that of fear of missing out (FOMO) now that cryptocurrencies seem to be in a bull run.
Avalanche price prediction
The daily chart shows that the AVAX price has made a strong recovery in the past few weeks. Along the way, the coin managed to move above the important resistance levels at $22.14 and $26.43. It also continued rising and moved above the 25-day and 50-day moving averages. The MACD has also risen to the highest point in years.
Therefore, the coin will likely continue rising as bulls target the next key resistance point at $35. A drop below the support at $28 will invalidate the bullish view.
The post Avalanche price prediction as AVAX crosses key resistance appeared first on CoinJournal.