Monat: November 2022

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Top penny cryptos to watch in November

November has been a difficult month for cryptocurrencies. The most important crypto news was the sudden collapse of FTX, the second-biggest exchange in the world. In the aftermath, the prices of most cryptocurrencies have crashed hard in the past few weeks. Here are some of the top penny cryptos to watch in November.

Bonfida (FIDA)

Bonfida is a blockchain project in Solana’s ecosystem. As a result, FIDA price has been one of the worst-performing cryptocurrencies in November. This happened as most investors dumped Solana and apps in its ecosystem because of their exposure to FTX and Alameda Research.

Bonfida is one of the oldest platforms in Solana’s ecosystem. It offers blockchain products for Solana. Some of the top apps in its ecosystem are Solana Name Service and Jabber. It also helps to bridge the gap between Solana, Serum, and the user.

FIDA price has fallen by more than 80% from its highest level in 2022. Still, there is a likelihood that it will bounce back as concerns about its exposure to Solana and Alameda ease. Indeed, FIDA and SERUM prices have bounced back by over 50% in the past 24 hours.

How to buy Bonfida

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 FIDA with Capital.com today

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 FIDA with Binance today

Algorand (ALGO)

Algorand is one of the leading layer-1 networks in the industry. It is an Ethereum rival that is used by developers who wants to build all types of applications in all industries. Algorand price was trading at $0.27 on Tuesday, meaning that it has plunged by over 88% from its highest point last year. 

Algorand is a good penny crypto to watch in November because of its partnership with FIFA. A few months ago, the network inked a deal with FIFA. As part of the agreement, Algorand is now the official blockchain partner of FIFA.

It was also used to build all of FIFAs NFTs. Also, it will advertise widely in the upcoming FIFA World Cup. Therefore, there is a likelihood that ALGO price will do well during the event.

How to buy Algorand

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ALGO with eToro today

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 ALGO with Capital.com today

FTX Token

FTX Token is the native token for the FTX ecosystem. It has crashed by more than 90% this month because of the collapse of its parent company. As a result. FTT’s market cap has plunged to about $400 million.

Fundamentally, FTT is a bad investment since its parent company has collapsed. However, this does not mean that it is moving to zero any time soon. Instead, there is a likelihood that it will experience volatility as a short squeeze ensues. We have seen such performances with the likes of Celsius and Voyager Digital.

How to buy FTX 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 FTT with Binance today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy FTT with Bitfinex today

The post Top penny cryptos to watch in November appeared first on CoinJournal.

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Will MATIC rally higher after Nike announces plan to build its web3 experience on Polygon?

MATIC is up by more than 1% in the last 24 hours as the broader cryptocurrency market continues to recover from last week’s slump.

MATIC, the native coin of the Polygon network, is up by more than 1% in the last 24 hours. The performance comes as the broader crypto market slowly recovers from its poor outing last week.

The positive performance can be attributed to Nike revealing that it would be entering the Polygon ecosystem.

The Polygon team revealed that Nike, one of the leading sports apparel manufacturers in the world, will build its web3 experience on Polygon. 

The performance also comes as the broader cryptocurrency market continues to maintain its positive start to the week. 

The total cryptocurrency market cap stands around $845 billion, up by less than 1% in the last 24 hours. Bitcoin is closing in on the $1,700 resistance level after adding 1% to its value today.

Ether, the second-largest cryptocurrency by market cap, is also up by less than 1% today and is now trading at $1,259 per coin.

Key levels to watch

The MATIC/USD 4-hour chart remains bearish despite MATIC adding more than 1% to its value today. The technical indicators show that MATIC is recovering from last week’s poor performance.

MATIC/USD Chart By TradingView

 

The MACD line is currently below the neutral zone, indicating that the bears still control a large chunk of the market.

The 14-day relative strength index of 47 shows that MATIC is no longer in the oversold region. At press time, MATIC is trading at $0.938 per coin. If the positive trend is maintained, MATIC could trade at around $0.9893 before the end of the day.

MATIC could surge past the second major resistance level at $1.0641 in the near term if it gets support from the broader cryptocurrency market. 

Where to buy Polygon now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy MATIC with eToro today

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy MATIC with Skilling today

The post Will MATIC rally higher after Nike announces plan to build its web3 experience on Polygon? appeared first on CoinJournal.

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Should you buy Mars Token after OKX launch

The Mars Token is now live exclusively on the OKX cryptocurrency exchange, allowing investors to gain access to this metaverse-focused token.

MRST, the native token of the Mars Metaverse ecosystem, is live on OKX, one of the leading cryptocurrency exchanges. The token will only trade on the OKX exchange at the moment, allowing investors to gain access to the project.

OKX revealed that it supports 2 trading pairs: MRST/USDT and MRST/USDC. With the MRST token now live, it is important that you know what the token is to help you make an informed decision about whether to buy it or not.

What s the Mars Metaverse token (MRST)?

MRST is the native token of the Mars Metaverse and was developed by Mars Labs. On the Mars Metaverse, the development team had allocated a small territory called “Colony.”

Users would be allowed to own Colonies in the metaverse, enabling them to build houses and other commercial properties in the metaverse. 

MRST is the native token of this metaverse and would be used to pay for services. According to Mars Labs, users can earn rewards with MRST, including via a Play-and-Earn (PAE) system.

Another use of the MRST token is for payment of Colony or buildings. The houses and commercial buildings in the Colony can be purchased with MRST and are tradable between users. 

Users can also host events on their properties, allowing them to earn additional income, which will be paid with the MRST token. 

Mars Labs said it intends to permit third-party or indie game developers to develop and release games using the “The Mars Game Creator” software. The games developed using this software will also leverage the MRST token as the reward token for game players. 

Where to buy the MRST token

The MRST token is available to investors and traders. The Mars Labs team has decided to launch their MRST token exclusively on the OKX exchange at the moment. 

OKX is the only cryptocurrency exchange you can buy the MRST token starting next week. If you are interested in gaining early access to this project, you can open an account on OKX and get started today. 

BUY MRTS ON OKX HERE

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What is Mars Token? Here is what you need to know

The Mars token (MRST) is now live on the OKX exchange, but knowing what it is will help you make an informed investment decision.

Mars token (MRST) is the native token of the Mars Metaverse. The token is now live live on the OKX exchange, allowing investors to buy the asset. 

However, here is what you need to know about the Mars Token. 

What is Mars Token?

Mars Token (MRST), is the native token of the Mars Metaverse. The Mars Metaverse project was developed by Mars Labs. 

In this metaverse, there is a small territory called “Colony,” which is similar to Lands on other leading metaverse projects such as The Sandbox and Decentraland. 

According to the Mars Labs, users would be allowed to own Colony in the metaverse. Thus, allowing them to build houses and other commercial properties in the metaverse. 

MRST is the token that would be used for transactions in the Mars Metaverse. The development team revealed that users could earn rewards with MRST, including via a Play-and-Earn (PAE) system.

In addition to earning rewards via the PAE system, users can pay for buildings or Colony with the MRST token. Users can sell their houses and other commercial properties in the Mars Metaverse and receive payment in MRST. 

Furthermore, users can also host events on their properties, creating an extra avenue to earn extra income in MRST tokens. 

In the future, the development team would allow third-party or indie game developers to develop and release games using the “The Mars Game Creator” software. These games would also have the MRST token as their utility tokens. 

With such as vast use case for the MRST token, it could become a metaverse token with great utility. 

Buy MRST on the OKX exchange

OKX, one of the leading cryptocurrency exchanges in the world, has exclusively listed the MRST token on its platform. Investors and traders now have access to the MRST token.

BUY MRTS ON OKX HERE

As a new metaverse project, you might still want more details about how it works. You can connect with the Mars Metaverse team in their upcoming Ask Me Anything session on 16 November 2022 at 8 am UTC (5 pm KST) on the OKX Official Telegram Channel.

The post What is Mars Token? Here is what you need to know appeared first on CoinJournal.