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Market highlights January 13: Crypto market buoyant, UK markets highest since end 2019

The crypto market was higher over the past 24 hours, as the majority of top 10 cryptos were in the green at time of writing. The UK100 rose 0.81% yesterday to reach its highest level since December 2019.

Inflation in the US has reached 7%, its highest level for 40 years. The latest reading is in line with analyst expectations, with prices for cars, furniture, energy, and food driving much of the surge. Taking the inflation news in their stride, all three major US indices rose yesterday.

Investors will be closely following the monthly producer Price Index (PPI) data, set to be released today at 13:30 GMT.

Top cryptos

Bitcoin climbed around 2%, trading above $43,000, while Ethereum and XRP were up around 3% each. Cardano has registered its first more substantial gains in a while, up almost 8% today. It is trading for $1.30 and has a 24-hour trading volume of just over $2 billion.

Dogecoin has been on a somewhat unexpected bull run. It is doing well after whales bought it in especially large amounts yesterday. Today, it added 12% to its value.

Shiba Inu is also up 12%, but the reason is a Robinhood listing rumor. This isn’t the first time such a rumor has surfaced. Shiba Inu’s October 2021 peak may have been due to the same rumor.

Top movers

Harmony’s advent goes on. It gained 13% in the last 24 hours and an impressive 29% over the past week. Oasis Network is also trending with gains of 13% today.

Monero, which allows transactions to take place privately and anonymously, is up 10% today.

1inch Network, uniting decentralized protocols and enabling lucrative, fast, and safe operations in the DeFi space, added 10% to its value as well.

Zilliqa was briefly back in the top 100 biggest coins by market cap with gains of just over 10% in the last 24 hours.

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. It is impacted by bullish trends affecting some other game tokens, adding 9% to its value today.

Another winner is XDC, the native coin of XinFin, an enterprise-ready hybrid blockchain technology company optimized for international trade and finance. It is up 9% today.  

Velas, the world’s fastest EVM blockchain with speeds up to 75 000 tx/s, gained 9% in the last 24 hours.

Fantom continues its bull run. It is up 7% today, bringing its 7-day growth to 10%.  

Stellar Lumens, an open network that allows money to be moved and stored, registered a surge of around 7% today.

Trending

PAPPAY is the biggest gainer on yet another day. Today, it added an impressive 900% to its value. PAPPAY is a payment tool that provides holders with passive income. It enables safe, easy, and fast online payments, including ecommerce payments. It generates passive income of 1% and gives developers access to an API.

The token GamingShiba is the top trender on CoinMarketCap. This cryptocurrency, which describes itself as the link between gamers, streaming platforms, NFTs, and the Metaverse, is up 61% in the last 24 hours.  

 

The post Market highlights January 13: Crypto market buoyant, UK markets highest since end 2019 appeared first on Coin Journal.

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Top places to buy ZIL, the coin that went up 10% in 24 hours

Zilliqa (ZIL) is back in the top 100 biggest coins by market cap with impressive gains of just over 10% in the last 24 hours. This short guide explains what Zilliqa is, if it’s worth investing in, and the best places to buy ZIL today if you choose to.

Top places to buy ZIL now

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy ZIL with Capital.com today

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy ZIL with CAPEX today

What is ZIL?

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution.

The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Zilliqa claims to be the world’s first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue.

Because each shard processes transactions individually, the number of transactions that can be processed per second increases as the network grows and the number of shards increases correspondingly.  

Should I buy ZIL today?

Previous performance is no guarantee for future such. Many price prediction platforms have a positive outlook on ZIL, but do exercise caution if you decide to put money into this volatile asset.  

ZIL price prediction

According to Price Prediction’s analysts, ZIL will cross $2.47 in 2030. Trading Beasts predict Zilliqa will pass $0.11 by the end of this year.  

ZIL on social media

The post Top places to buy ZIL, the coin that went up 10% in 24 hours appeared first on Coin Journal.

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Baby Doge coin up 131% in 2 weeks as other meme coins bleed: why is it rallying?

Although dog-themed coins like Shiba Inu (SHIB) and Dogecoin (DOGE) have been hard hit in the past two weeks, Baby Doge coin maintained a bullish momentum all through.

Shiba Inu registered a 4% decline over a period of two weeks while Dogecoin has only managed to garner a 2.4% rise within the same period.

Staring 2022 on the wrong foot

So far, 2022 has been a terrible year for the crypto market at large and dog-meme coins have not been spared the rod.

Bitcoin, the coin that commands the largest share within the crypto space, is struggling to remain above $40,000 after dropping from an all-time high above $68,000. Ethereum, the second-largest cryptocurrency by market cap, is also struggling to remain above $3,000 after dropping from above $4,800.

For BabyDoge, 2022 has been an incredible year so far. The coin has been on a sprint since the year began. It started the year at around $0.000000001903 and CoinGecko shows that it has rallied to $0.000000004087 – up about 131.1%.

What is remarkable about Baby Doge coin is that it has managed to keep the Bull Run going in the ever-choppy world of altcoins and cryptocurrency at large. It has bitten the likes of Bitcoin, Ethereum, Shiba Inu, and Dogecoin even though their popularity is far much higher.

In the background

BabyDoge has over 742K followers on Twitter who are actively involved in spreading its adoption across the globe. Its holders are more than 1.205 million around the world.

The Baby Doge coin community is currently fighting to have the dog-themed meme coin listed on Binance, something that would be a game-changer for the coin.

The Baby Doge Coin project is in a quest of generating positive headlines through donations to welfare charities including the American Society for the Prevention of Cruelty to Animals. The most recent donation is $150,000 to AnimalLeague, the World’s Largest No-kill Animal Rescue and Adoption Organization.

Normally, exchanging BabyDoge commands a 10% fee; something designed to deter people from selling the meme coin irresponsibly.

However, the recent BabyDoge rally shows that crypto traders are looking for new investment opportunities that could result in astronomical gains as has been the norm within the crypto market over the years. And although such rallies normally don’t last, with Dogecoin, Shiba Inu, and Bitcoin being perfect examples, traders seem determined to try their luck with Baby Doge coin.

The post Baby Doge coin up 131% in 2 weeks as other meme coins bleed: why is it rallying? appeared first on Coin Journal.