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Highlights May 18: Major cryptos down, KNC and Chiliz lead the way

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. 

Top cryptos

Most major cryptos registered small losses of up to 2% over the past 24 hours including Ethereum, BNB, XRP, and Solana. Bitcoin was down more than 1.5% over the past 24 hours and trading just under $30,000 at time of writing. 

Standing out were Polkadot, down almost 5%, and Avalanche falling more than 3%. 

Top movers

Outside the top 20, the tendency was similar, with most coins losing 3-5% of their value. Notable standouts on the losing end include Maker and The Graph, each down 8%, and Celo with -7%. Kadena has lost 11% of its value today. 

TerraUSD is down another 18%, now trading at a tenth of its former value.  

Among the winners, the token of Kyber Network Crystal v2 leads the way. KNC gained 22% yesterday and added another 26% to its value today, retesting highs from last week.

Coming second is Chiliz with 12% at the time of writing. CHZ, the native coin of the world’s first tokenized sports exchange, began to rally after the ecosystem’s Scoville Testnet Phase 2 went live.  

Rounding out the gainers list are Convex Finance, Klaytn, and KuCoin Token with increases of 4%, 6%, and 5% respectively. 

Trending

The biggest winner today is Pledge Coin (PLG), a cryptocurrency token that runs on the Ethereum platform. 

Pledgecamp is a next generation crowdfunding platform that uses smart escrow contracts in an effort to protect investors and hold project creators accountable. It has gained 440% today.  

The post Highlights May 18: Major cryptos down, KNC and Chiliz lead the way appeared first on Coin Journal.

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Bloomberg-Stratege vergleicht sinkende Bitcoin-Volatilität mit Amazon 2009

  • Die Haltung der Fed gegenüber risikoreichen Vermögenswerten führt dazu, dass die spekulativsten Vermögenswerte, wie z. B. Meme-Coins, aus dem Verkehr gezogen werden.
  • Der leitende Rohstoffstratege bei Bloomberg Intelligence, Mike McGlone, hat prognostiziert, dass die abnehmende Volatilität gegenüber den Aktienmärkten Bitcoin und Ethereum einen Vorsprung verschaffen wird.

Während die Kryptomärkte seit Anfang Mai stark gelitten haben, können bärische Bedingungen nur begrenzt anhalten, und es gibt Anzeichen dafür, dass der Abschwung zu Ende geht oder zumindest nachlässt. In einem kürzlichen Interview mit Yahoo Finance hat Mike McGlone, Senior Commodity Strategist bei Bloomberg Intelligence, seine Überzeugung zum Ausdruck gebracht, dass ersterer die Nase vorn haben wird, auch wenn die aufstrebenden Kryptomärkte neben dem S&P 500 leiden.

Die Maßnahmen der Fed gegen die Inflation haben den jüngsten Crash angeheizt

McGlone erklärte, dass die aktuelle Entwicklung der Aktien- und Kryptomärkte durch den Kampf der Federal Reserve gegen die Inflation verursacht wurde. Der Bloomberg-Stratege rechnet damit, dass sich dieser Trend fortsetzen wird. Er stellte fest, dass Krypto-Assets zu den risikoreichsten Assets gehörten und die spekulativsten von ihnen, einschließlich Meme-Coins wie Doge, aus dem Verkehr gezogen werden.

„Die Fed verkauft Calls. Sie braucht einen Rückgang der Risikoanlagen, um die Kaufmöglichkeiten der Leute zu verringern, sonst wird die Inflation nicht sinken, und einige der riskantesten, spekulativsten Anlagen waren Kryptowährungen. Deshalb entfernen wir jetzt endlich Dinge wie die Dogecoins und die Shiba Inus.“

Er fügte hinzu, dass die Token, die diese Säuberung überleben werden, diejenigen sind, die über eine bewährte Infrastruktur und Produkte verfügen, die von den Menschen tatsächlich genutzt werden. Er nannte Anwendungsfälle wie die Beteiligung von Ethereum an NFTs und Tokenisierung. Dementsprechend prognostizierte er, dass Bitcoin und Ethereum am Ende stärker hervorgehen würden.

McGlone prognostizierte eine stärkere Beteiligung der Benutzer an den beiden Token und erklärte eine Situation, in der Investoren die Revolution nicht verpassen wollten. Die fragliche Revolution hing auch damit zusammen, dass die derzeit lukrativen Amazon-Aktien im Jahr 2009 ein ähnliches Volatilitätsniveau aufwiesen wie Bitcoin derzeit. Die 260-Tage-Volatilität von Bitcoin lag am 13. Mai bei 70 %, etwa im gleichen Verhältnis wie Amazon-Aktien im Jahr 2009.

„. denken Sie daran, dass, wenn der Aktienmarkt weiter fällt… Bitcoin und Ethereum fallen werden, aber sie werden die Nase vorn haben, und der Schlüsselfaktor, auf den ich hinweisen kann, ist, dass die Volatilität dieser aufstrebenden Krypto-Assets, vor allem Bitcoin, im Vergleich zum Aktienmarkt weiter gesunken ist. So war es auch bei Amazon, als es auf den Markt kam“, sagte der Rohstoffstratege gegenüber Yahoo Finance.

Insgesamt glaubt McGlone, dass Bitcoin die Nase vorn haben wird, nachdem sich die Fed mit der Inflation befasst hat, da das führende Krypto-Token zu einer globalen digitalen Sicherheit wird.

The post Bloomberg-Stratege vergleicht sinkende Bitcoin-Volatilität mit Amazon 2009 appeared first on BitcoinMag.de.

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You can now buy KNC, which gained 33% today: best places to buy KNC

The token of Kyber Network gained 22% yesterday and added another third to its value today, retesting highs from last week. How will its price move?

Look no further than this short article for all the details about KNC: what it is, is it worth investing in, and the best places to buy KNC now. 

Top places to buy KNC now

Bitstamp

World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy KNC with Bitstamp today

Celsius

Celsius is proud to provide a platform of curated services that have been abandoned by big banks – things like fair interest, zero fees, and lightning quick transactions. Our goal is to disrupt the financial industry, one happy user at a time, and introduce financial freedom through crypto.

Buy KNC with Celsius today

What is KNC?

KNC is the native token of Kyber Network Crystal v2, which describes itself as the top multichain DeFi liquidity hub. It aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). 

Its main goal is to enable DEXs, DeFi DApps, and other users to access liquidity pools that provide the best rates. All transactions on this network happen on-chain, which means any Ethereum block explorer can verify them easily. 

Projects can build on top of Kyber to use its services, such as liquidity aggregation, instant settlement of tokens, and a customizable business model.

Should I buy KNC today?

KNC can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

KNC price prediction

Digital Coin predicts KNC will reach $3.99 in 2023 before dipping to $3.83 in 2024. In 2025, it will bounce back, hitting $5.28. They forecast another drop to $4.83 in 2026 before recovering to $6 in 2027.

KNC on social media

The post You can now buy KNC, which gained 33% today: best places to buy KNC appeared first on Coin Journal.

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IDEX is exploding, up 56% in 24 hours: here’s where to buy IDEX

IDEX is soaring due to limited coin supply among other reasons. It ranked first in a chart released by the prominent Hoo Exchange on May 17 with a growth rate of 66.87%. 

The pledger uses the IDEX token and runs Idexd pledge software to operate the node. Pledgers earn 50% of the transaction fees charged by the network as a reward for their work. 

If you are attracted to unique features and want to learn how and where to buy IDEX, this guide is for you. 

Top places to buy IDEX now

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy IDEX with Coinbase today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy IDEX with Swapzone today

What is IDEX?

Idex is the first hybrid liquidity DEX that combines an order book model with an automated market maker. It blends the performance and features of a traditional order book model with the security and liquidity of an AMM. 

Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with on-chain trade settlement. 

This approach does away with failed trades and wasted money on gas fees, making the trading experience more pleasant and efficient. 

The instant trade execution prevents front-running or sandwich attacks and users can trade without waiting for previous trades to settle. More advanced order types and trading strategies can be executed since limit orders are possible. 

Should I buy IDEX today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

IDEX price prediction

IDEX broke $0.1 today, but will it continue to surge? Wallet Investor definitely thinks so. They predict it will be worth $0.63 in 5 years. 

An investment in this time will generate revenue of around +525%. If you invest $100 in it now, you could have $625 in 2027.

IDEX on social media

The post IDEX is exploding, up 56% in 24 hours: here’s where to buy IDEX appeared first on Coin Journal.

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LimeWire inks major deal with Universal Music Group for music-based NFTs

LimeWire, the new NFTs marketplace that sprung from the discontinued popular music app of the early 2000s, has scored a huge deal with Universal Music Group (UMG).

The partnership with UMG, a world leader in the booming music and entertainment sector, adds to LimeWire’s steady return into the limelight.

Per a press announcement released on Tuesday, the deal with Universal Music allows the firm to offer its digital collectibles marketplace to several iconic record labels and revered artists.

UMG to license artists to LimeWire’s NFT marketplace

Labels that could tap into the LimeWire NFT marketplace to increase fan engagement via digital music NFTs and a Web3 experience include Interscope Records, Virgin Music, Republic Records, Def Jam Recordings, EMI, Capitol Records, and Motown Records.

Paul and Julian Zehetmayr, LimeWire co-CEOs, commenting on the collaboration, said that the partnership was a “true demonstration of the pace at which the music industry is embracing Web3.” 

“We’re thrilled to open up the LimeWire NFT ecosystem to Universal Music Group artists and fans and can’t wait to see the first creative projects being launched on the marketplace,” they added.

Going forward, the partnership will allow for access to the licenses the marketplace needs to partner with artists signed up with UMG, with the collaboration translating to original music-based NFT projects.

The NFT space continues to grow as mainstream players, including governments, embrace the technology that allows for the creation and securing of digital items on the blockchain.

Monetization opportunities mean the industry is a perfect fit for artists and others looking to revamp their revenue streams. LimeWire will provide that to the UMG artists.

The post LimeWire inks major deal with Universal Music Group for music-based NFTs appeared first on Coin Journal.