Monat: September 2022

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Cardano price prediction: is ADA a buy as Vasil upgrade starts?

Cardano price moved sideways on Friday as investors focused on major developments in its ecosystem. Ada was trading at $0.4572 on Friday, which was about 7.35% above the lowest level this week. Focus now shifts to the upcoming Vasil upgrade.

Vasil upgrade starts

Cardano is an Ethereum-killer that aims to be a key platform where users can build scalable decentralized applications. Its coin, Ada, is one of the biggest cryptocurrencies in the world with a market cap of more than $15 billion.

Cardano implemented the smart contract technology in 2021. As a result, it made it possible for developers to build and launch apps on its ecosystem. According to Input Output, Cardano has attracted thousands of applications in its ecosystem.

However, the reality is that Cardano has not lived to its hype or its potential. For example, data compiled by DeFi Llama shows that its DeFi platform has a total value locked (TVL) of just $79 million. 

Similarly, a closer look at other platforms like CryptoSlam and DappRadar shows that its ecosystem is much smaller.

Cardano’s developers hope that the Vasil upgrade will lead to more improvements in its ecosystem by improving speeds and boosting efficiency. It will improve Marlowe constant validator and enable Daedalus to support Ledger JS Library v.5.1.0. This upgrade started on Frida and full functionality will become available on September 27 of this year. 

Still, analysts believe that the Vasil upgrade will not have a meaningful impact on ADA price. Fundamentally, it will not attract more developers. And as we saw with Ethereum Merge, the impact of the upgrade have already been priced in.

Cardano price prediction

The four-hour chart shows that Cardano price has been under intense pressure inthe past few weeks. In this period, the coin managed to move below the lower side of the ascending wedge pattern shown in blue. It also formed a head and shoulders pattern and the 25-day and 50-day moving averages.

The Relative Strength Index (RSI) has moved slightly above the neutral point at 50. Therefore, there is a likelihood that the coin will resume the downward trend as sellers target the next key support level at $0.40. A move above the resistance point at $0.47 will invalidate the bearish view.

How to buy Cardano

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.

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy ADA with Capital.com today

The post Cardano price prediction: is ADA a buy as Vasil upgrade starts? appeared first on CoinJournal.

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GitHub lifts ban on Tornado Cash’s code repositories

GitHub, the most widely used software hosting online platform, has today reversed its decision to completely ban Tornado Cash’s open source code. However, despite lifting the ban, the functionality of the code repositories remains restricted to “read-only” allowing visitors to only open and read the code.

The move comes days after the US Treasury clarified that the sanctions against Tornado Cash did not apply to the sharing and reading of the app’s code.

Tornado Cash ban

Tornado Cash was launched in 2019 as a privacy-preserving tool aimed at shielding users’ financial activities on public blockchains like Ethereum.

The use of Tornado Cash and certain Ethereum addresses connected to the app was blacklisted by the US Treasury Department Office of Foreign Assets Control (OFAC) in August. The OFAC cited the app’s use by criminals for money laundering.

It was after the blacklisting by the OFAC that GitHub banned and removed the entire Tornado Cash code to remain compliant with the regulator.

Why did GitHub reverse its Tornado Cash ban?

However, the US Treasury on September 13 clarified that the blacklisting of Tornado Cash did not prohibit people from reading and sharing the app’s code.

The official post by the US Treasury read:

“US persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications.”

It is following this clarification that GitHub has modified its blanket ban on the app’s code although the full functionality of Tornado Cash on GitHub has not been reinstated.

The post GitHub lifts ban on Tornado Cash’s code repositories appeared first on CoinJournal.

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Reserve Rights (RSR) rallies ahead of mainnet launch: here’s where to buy the RSR

Reserve Rights (RSR), the native token of Reserve Protocol, has rallied 33% in the past 24 hours as the mainnet launch nears. The token was trading at $0.007756 at press time.

The mainnet launch is expected to take place in October this year with five audits already completed so far.

To help traders who want to take advantage of the current Reserve Rights price surge ahead of the mainnet launch, Coinjournal has prepared this brief guide on where to buy the RSR token.

To find out more, please continue reading.

Where to buy RSR cryptocurrency

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy RSR with Binance today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy RSR with KuCoin today

What is Reserve Rights cryptocurrency?

Reserve Rights (RSR) cryptocurrency is a native token of the Reserve Protocol, which is a pool of stablecoins. It was launched in May 2019 after a successful Initial Exchange Offering (IEO) on the Huobi Prime platform.

The Reserve Protocol is designed to reduce risk through diversification and decentralized governance.

The RSR token is an ERC token and it is used for insuring Reserve stablecoins (RTokens) on the Reserve Protocol through staking and for governing the Reserve Protocol pools through proposing and voting on changes to be effected on the pool configurations.

RSR stakers receive a staking reward for providing insurance to RTokens.

Should I buy RSR today?

RSR could be a good buy now that its price is rallying ahead of its mainnet launch, which is expected to trigger a further upward movement.

However, the cryptocurrency market is an extremely volatile market and it can be very unpredictable at times. Therefore, it is important to proceed with caution.

Reserve Rights price prediction

Analysts expect RSR to maintain the current bullish trend, which they predict will gather momentum after the Reserve Rights mainnet launch, scheduled for October.

Reserve Rights social media trends

 

The post Reserve Rights (RSR) rallies ahead of mainnet launch: here’s where to buy the RSR appeared first on CoinJournal.

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Prosper has updated its coin circulating supply: you can buy the Prosper token here

The price of Prosper cryptocurrency has dipped by more than 14% today after Prosper announced that it had updated its coin supply on Coin Market Cap and CoinGecko. At press time, PROS was trading at $0.9305 down from a daily high of $1.14.

In a tweet, Prosper, however, clarified that the update did not result in an increase in token supply but only updated the displayed number of the circulating PROS tokens to include all the DEXs LP liquidities.

To help traders seeking to take invest in Prosper (PROS) cryptocurrency, Coinjournal has prepared this brief guide on where to buy the PROS token.

To find out more, please continue reading.

Where to buy Prosper token

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy PROS with Binance today

What is Prosper?

Prosper is a non-custodial cross-chain hedging and prediction market platform that uses on-chain liquidity aggregation technology.

In addition to the on-chain liquidity aggregation technology, Prosper also borrows from Binance Smart Chain and Avalanche and also uses Chainlink oracle to provide accurate price feeds to its users.

The Prosper platform features prediction insurance, a binary liquidity model, on-chain liquidity aggregation and cross-chain support, fiat support, custom pools, DAO governance, and prediction mining.

The native token of the Prosper platform is denoted as PROS and it is used as a prediction insurance token, a DAO governance token, a commission token, and a premium/subscription token.

Should I buy PROS today?

PROS could be a good buy now that it has updated its coin supply. However, contrary to the expectation of many, the token price has dropped considerably instead of rising after the update.

In addition, the crypto market is extremely volatile and you should proceed with caution.

Prosper price prediction

Analysts are optimistic that PROS will soon go above the resistance level at $1.60, despite today’s drop.

However, it will have to first break through the resistance level at $1.49 before making a dash for the $1.60 level.

$PROS social media trends

 

The post Prosper has updated its coin circulating supply: you can buy the Prosper token here appeared first on CoinJournal.