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Loopring (LRC) price rallies over 39%: what is fuelling the surge?

Loopring (LRC) is currently rallying and has jumped by over 39% today and still maintains a bullish stance.

At the time of writing, Loopring was trading at, $1.17 after a slight retracement from a daily high of $1.21.

In this article, we shall look at what is causing the price of LRC to rise.

Why is Loopring’s LRC price rallying?

Before we take a deep dive into the current LRC price surge, it is important to first explain what LRC is.

In a nutshell, LRC is the native token of the Loopring protocol, an open protocol designed to build a decentralized exchange (DEX) for cryptocurrencies.

LRC is its Ethereum-based token.

Now, onto what is fuelling the current LRC price hike, and there the main factor propelling the price of LRC upwards is Loopring’s partnership with GameStop.

Loopring’s partnership with GameStop

Loopring has partnered with GameStop NFT marketplace to launch the GameStop NFT marketplace; something that has definitely led to a lot of excitement within the Loopring community and LRC token holders.

Loopring has joined Immutable X as an official partner of GameStop on its NFT Marketplace initiative. Immutable X partnered with GameStop’s NFT platform back in early February this year to enable “zero gas fees for trading and minting NFTs in a carbon-neutral environment”.

NFTs and the Metaverse, in general, have grown to become a force to reckon with around the world and they have become the center of attraction for digital ownership and gaming.

Loopring believes that many developers, users, and gamers have been left out because of the high costs. And to keep the players’ power blooming, there is a need to have a new world that is cheap, fast, and secure to its customer. The GameStop NFT marketplace will ensure that all users get the best digital property rights that are anchored by a decentralized, secure, and credible neutral environment (Ethereum).

According to reports, over 1 million NFTs have already been minted on the GameStop NFT marketplace after the launch.

The post Loopring (LRC) price rallies over 39%: what is fuelling the surge? appeared first on Coin Journal.

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Top places to buy AltSwitch, which gained 90% today

To say AltSwitch is surging would be an understatement. It surpassed a one-million market cap, unveiled a hardware wallet, and reached a series of lucrative partnerships at the 2022 AIBC UAE expo, an event attracting leading figures of the emerging tech world.

Look no further than this short article to find out what AltSwitch is, if it’s worth investing in, and the best places to buy AltSwitch.

Top places to buy AltSwitch now

As ALTS is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ALTS using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ALTS right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for ALTS

Now that you’re connected, you’ll be able to swap for 100s of coins including ALTS.

What is AltSwitch?

AltSwitch aims to be „the mother” of all future Web3 apps and services, which will generate revenue and rewards for users. It is a unique BSC rewards token that gives holders full control over the coin, which they receive rewards in.

Holders of ALTS get access to rewards from any crypto asset listed on Binance Smart Chain. They will also have access to a lot of tokens soon.   

Should I buy AltSwitch today?

AltSwitch can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

AltSwitch price prediction

Price Prediction is moderately optimistic. They predict the coin will reach a maximum of $0.003 next year. This isn’t very impressive as it’s currently worth $0.002. The highest it can go up to in 2024 is $0.004.

In 2025, ALTS will trade for $0.005 on average. It can go up to $0.006 that year.

AltSwitch on social media

The post Top places to buy AltSwitch, which gained 90% today appeared first on Coin Journal.

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Irische Zentralbank warnt vor Kryptowerbung

Die Zentralbank hat dazu ermahnt, sich über die „Risiken im Zusammenhang mit irreführender Werbung, insbesondere auf Social Media, wo Influencer für die Bewerbung von Kryptowährungen bezahlt werden“, im Klaren zu sein.

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Best cryptocurrencies to buy and forget in 2022

The crypto market has started to show some strength after a very poor start to 2022. Investor sentiment is slowly coming back and as such, it is an ideal time to think about possible investments for the long term. Here is why long-term crypto investing makes sense:

  • Long term investing protects you from the volatility of the market

  • There is a chance of unlocking a lot of value in the long term.

  • Most crypto projects are designed to come good in the long run.

So, if you are trying to find some projects that you can buy and forget for 2022, we have a list of 3 coins to consider below.

Cronos (CRO)

Cronos (CRO) is the former Crypto.com token that was rebranded a few days ago. It is the native utility and governance token of the Cronos chain, a powerful ecosystem that was developed by the Crypto.com exchange.

The aim for Cronos is to bring wide-scale adoption of crypto into the world. The platform has signed several brandings and marketing deals including one with Lebron James. It was also one of the few crypto companies to air an ad during the Superbowl. At press time, CRO was selling at $0.42 with a market cap of around $10 billion.

Loopring (LRC)

Loopring (LRC) is an Ethereum scaling solution designed to deliver faster and cheaper transactions for users. It has earned a reputation for efficiency, and in recent years, Loopring has also attracted increased developer interest. Its ecosystem is likely to expand, and at the time of writing, the coin was selling at $1.18 with a market cap of $1.1 billion.

Siacoin (SC)

Siacoin (SC) is a project that hopes to help develop a comprehensive network of decentralized cloud storage. It is a very central project in the Web 3.0 revolution and appears to be very undervalued. At press, it was selling at $0.009919 with a market cap of $495 million.

The post Best cryptocurrencies to buy and forget in 2022 appeared first on Coin Journal.

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The meme coin craze: These 3 coins could make you rich

A lot of people have made millions from meme coins. These are crypto assets that have gone from zero to billions of dollars in market cap in a very short time. It’s therefore understandable if you are thinking of investing in meme coins. These coins typically have the following features:

  • Largely speculative assets that have very little underlying value.

  • Meme coins are prone to high levels of volatility.

  • Anyone can literally launch a meme coin from anywhere.

In case you would like to become rich from meme coins, there are a few coins that you can check out right now.

Floki Inu (FLOKI)

Floki Inu (FLOKI) is a meme coin that appears to be just boiling under the surface. It is one of those meme coins that also looks like it has a lot of potential for success.

Besides, when you look at the price action, you see a very undervalued meme coin that continues to gain a lot of coverage on social media. At the time of writing, FLOKI was trading at $0.00003295 with a market cap of $300 million.

SafeMoon (SAFEMOON)

Although it has been around for some time, SafeMoon (SAFEMOON) has not achieved the potential we believe it can. Instead, the coin has largely remained steady. But there is a chance it could blow up in the future. 

Right now, SafeMoon is trading at a market cap of around $350 million. While we are not saying it could hit $20 billion like Shiba Inu and others, there is still so much room there to bring in more gains. It is definitely one to watch.

Looser coin (LOWB)

With a market cap of just $2.7 million, Loser Coin (LOWB) is a very high potential meme coin. The only way is up for this coin, and there is a huge chance that LOWB could grow 10x in the near term. It is currently trading at $0.00004425.

The post The meme coin craze: These 3 coins could make you rich appeared first on Coin Journal.