Monat: November 2022

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Crypto exchange OKX lists The Mars Token metaverse project

Cryptocurrency exchange OKX will list MRST, the native token of The Mars metaverse project.

OKX, one of the leading crypto exchanges in the world, is set to list MRST, the native token of The Mars metaverse.

Mars is a metaverse platform developed by Mars Lab. In the Mars-themed metaverse platform, Mars Labs has a small territory called “Colony.” according to the development team, 

Its users can own NFT-type Colony, allowing them to build houses or commercial buildings. They can also receive a lease using a blockchain-based Smart Contract. 

Mars Labs explained that by contributing to the Mars: metaverse, users can earn rewards with Mars Token (MRST). The ecosystem is designed to ensure that all the users of the platform can earn MRST through Play-and-Earn (PAE) system.

As the native token of the Mars Metaverse, MRST is expected to have a lot of utility within the ecosystem. Most of the buildings in the Colony can be purchased with MRST and are tradable between users.

Furthermore, users can also customise the space, such as a shopping center, gallery, party hall, classroom, and so on. Activities such as event hosting in the metaverse allow users to earn additional income, which will be paid via the MRST token. 

As the platform expands, third-party or indie game developers would be allowed to develop and release games using the “The Mars Game Creator” software. The Mars metaverse users can also host sports leagues themselves. Depending on the number of active users, MRST will be used as the reward for game players.

In addition to listing the MRST token on its platform, OKX revealed that it had opened a trade lottery offering up to $20,000 worth of MRST for winners.

The crypto exchange revealed that MRST worth $18,000 would be shared amongst the top 20 daily DEX traders over the next 10 days ($1,800 daily). OKX will airdrop the remaining $2,000 worth of MRST tokens to 20 lucky users who carry out transactions worth 10 MRST tokens r more using the OKX Web3 Wallet.

OKX is one of the leading cryptocurrency exchanges in the world. Listing the MRST token on its platform would ensure there is adequate liquidity for users of the Mars metaverse and holders of the token.

OKX listing MRST comes roughly two months after the exchange announced the launch of OKX Lite. OKX Lite, makes buying, selling, and exchanging crypto easier.

According to the team, the simplified version of the OKX trading app has a more straightforward feel and look than the other version, which is ideal for more experienced traders. 

The post Crypto exchange OKX lists The Mars Token metaverse project appeared first on CoinJournal.

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Coin price predictions: Aptos, Solana, FTX Token (FTT)

Cryptocurrency prices had a difficult week as FTX imploded. The FTX Token price plunged to an all-time low while Solana dropped by over 50%. Aptos, the newly launched cryptocurrency also declined and then crawled back.

Cryptocurrencies dropped for two main reasons. First. FTX was the third-biggest cryptocurrency exchange in the world after Binance and Coinbase. As such, there are worries that the industry will have significant contagion risks. Second, there are fears that the implosion will lead to significant regulations in the industry. 

Aptos price prediction

The three-hour chart shows that the APT price has made a strong recovery after it crashed hard this week. The rebound happened after the coin formed a hammer pattern on Wednesday. In price action analysis, this pattern is usually a bullish sign. 

As the Aptos price rose, it managed to move above the 23.6% Fibonacci Retracement level. It also moved slightly above the 25-day moving average while the Stochastic Oscillator continued rising. It is now approaching the overbought level. The Relative Strength Index (RSI) has also continued rising.

Therefore, this rebound could be a sign of a dead cat bounce. If this happens, the coin will likely resume the bearish trend as sellers target the next key support at $4.50.

How to buy Aptos

Solana price prediction

Solana price crashed hard this week because Alameda Research was one of its biggest holders of the coin. The four-hour chart shows that the SOL price has been in a strong bearish trend in the past few days. It moved to a low of $12.18, the lowest level since last year. It crashed below the key support at $26.62.

Solana has now bounced back slightly. It remains below the 25-day and 50-day MAs while the Stochastic Oscillator moved to the overbought level. It has formed a bearish flag pattern. Therefore, there is a likelihood that the coin will resume the bearish trend during the weekend.

How to buy Solana

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 SOL 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 SOL with Capital.com today

FTX Token price prediction

The FTT price has been in a strong sell-off this week. It was reported that Alameda Research owned most of the FTX token in circulation. The coin has now rebounded and made an inverted head and shoulders pattern. 

In price action analysis, this pattern is usually a bullish sign. The Stochastic Oscillator has continued rising. Therefore, the coin will likely continue rising as buyers target the next key resistance level at $5.5. 

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 Coin price predictions: Aptos, Solana, FTX Token (FTT) appeared first on CoinJournal.

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Band Protocol price forecast as it bounces back

Band Protocol price has emerged as a shining light in a difficult time for cryptocurrencies. The BAND coin jumped to a high of $2.84, which was about 115% above the lowest level this week. It has risen by over 30% in the past 24 hours, according to data compiled by Binance.

Why is BAND price rising?

Band Protocol is a blockchain project that provides oracle services to developers. An oracle is a product that makes it possible for developers to pull off-chain data and bring it to the on-chain ecosystem. 

For example, assume that you are building a decentralized sports betting platform. You will need external data on games in your platform. Now, instead of getting the off-chain data yourself, you will turn to an oracle provider and use API to incorporate it easily.

Band mostly provides price feeds on cryptocurrencies. These feeds are then common in DeFi platforms like Injective Protocol and Synthetix. It also provides datasets on foreign exchange and commodities.

Band Protocol operates in a highly competitive industry, where Chainlink dominates. Other leading players in the sector are WINKLink and Maker. Chainlink has the biggest market share in the industry by far.

It is unclear why the BAND price has jumped sharply amid a crypto turmoil. A likely reason is that the developers are working on the upcoming BandChain V2.4 launch. The new upgrade will introduce new features in its ecosystem. 

For example, it will change how gas is calculated in its ecosystem in a bid to make it cheaper for data providers. It will also reduce any risks to modifications of the Wasm code, and increase throughput by at least ten times. In other words, it will be able to reduce the time taken to run the same task from the worst-case scenario of 0.4 seconds to 0.03 seconds. 

Band Protocol price forecast

The four-hour chart shows that the BAND price has made a strong recovery in the past two days. In this period, it has managed to move above the 25-day and 50-day moving averages. The Stochastic Oscillator has moved close to the overbought level. At the same time, the Relative Strength Index (RSI) has moved close to the overbought area.

BAND seems to be forming a bullish flag pattern. Therefore, there is a likelihood that it will continue rising during the weekend as buyers target the key resistance level at $3.3.

How to buy BAND

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 BAND 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 BAND with Binance today

The post Band Protocol price forecast as it bounces back appeared first on CoinJournal.