Autor: dot-traders

PROS price has defied gravity in the past few weeks as demand for the coin rose. The Prosper token jumped to a high of $0.7451, which was the highest level since April 14. It has jumped by over 455% from the lowest level this year, giving it a market cap of over $2.8 million.

What is the Prosper crypto?

Prosper is a relatively small blockchain project that is in the prediction and betting markets. It is backed by Tenzor Capital, Prometheus Labs, Ava Labs, and Bonded Finance. The platform is based on the BNB Chain, formerly known as the Binance Smart Chain. 

The concept behind Prosper is simple. Anyone can visit the website and predict where a certain cryptocurrency will move in a certain duration. 

To do that, users first visit the website and then link their wallets. Metamask is the most recommended wallets. After doing this, you should add the network. Finally, select the currencies you want to predict and select the amount you want to bet. Finally, the system will move you to Metamask to confirm your account. 

Some of the top benefits for using Prosper is that it is retail-oriented, has fiat integration, has an insurance system, and has custom pools owned by members.

PROS is the native token for the Prosper ecosystem. It is used to help users create their custom pools and also insure the process.

PROS token has defied gravity in the past few weeks as demand for its prediction market has risen. According to the developers, the number of users has jumped sharply in the past few weeks.

PROS price prediction

The daily chart shows that the PROS price has been in a strong recovery in the past few weeks. This rebound happened after the coin dropped to a low of $0.1170. It has rallied and moved above the 25-day and 50-day moving averages.

At the same time, the Relative Strength Index (RSI) has surged above the overbought level while the momentum has continued rising. Therefore, the coin will likely keep rising as buyers target the important resistance level at $0.9490, which was the highest level on April 3.

The post PROS price has defied gravity. Is the Prosper coin a buy? appeared first on CoinJournal.

STG price went parabolic on Friday after being listed in Binance, the biggest exchange in the world. The Stargate Finance token jumped by more than 80% and soared to the highest level since June 1. It has recovered by about 100% from its lowest level this week, giving it a market cap of over $69 million.

Binance lists Stargate Finance

Stargate Finance is a relatively small blockchain project that is in the decentralized finance (DeFi) industry. It describes itself as the first and only bridge that solves the three main challenges that bridges face. 

These challenges are related to instant guaranteed finality, unified liquidity, and native assets. It has features that enable people to wrap all existing DeFi applications. 

Also, users and dAapps can easily transfer native assets cross-chain while accessing unified liquidity pools with instant guaranteed finality. Stargate has a total value locked (TVL) of over $448 million, according to its website.

STG is the native token for Stargate Finance. It is the governance token that helps to run the Decentralized Autonomous Organization (DAO). Stargate liquidity providers can provide their LP tokens in exchange for STG rewards.

The STG price went parabolic on Friday after Binance announced that it will list the coin in its platform. This means that millions of people who use Binance will have access to the coin. 

Historically, cryptocurrencies tend to rise when they get listed by leading exchanges like Coinbase and Robinhood. However, these gains are usually short-lived as investors start to quickly take profit. 

Stargate Finance also rose after OmniBTC integrated with Layer Zero Labs and the platform. This means that users can easily OmniSwap among EVM chains.

STG price prediction

The four-hour chart shows that the Stargate Finance price has been in a downward trend recently. This decline saw it drop to a low of $0.33 this week. It then went parabolic on Friday after the Binance listing. 

As it rose, it managed to move above the important resistance point at $0.5452, which was the highest point on June 28. It also rose above the 25-day and 50-day moving averages.

Therefore, as mentioned, these pumps that happen after a listing are usually temporary. As such, there is a high probability that the coin will drop and even move below the support at $0.50.

The post STG price prediction after Binance listed Stargate Finance appeared first on CoinJournal.