Kategorie: Altcoin News

• Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k.
• MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01

The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market cap up by 3.1% as at the time of writing. BTC traded above $27k again, benefiting from overall positivity in risk asset markets.

With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker (MKR) and THORChain (RUNE).

Maker price breaks to highest level since May 2022

Maker (MKR) broke higher following this week’s impressive gains, trading to intraday highs of $1,542.90 on Coinbase. Bulls were looking for a fourth consecutive green candle on the daily chart, with 24-hour gains of 6% and weekly uptick of 16%. MKR price has jumped nearly 48% in the past 30 days.

Amid the gains is a surge in on-chain activity, particularly in active address count that stood at a 10-week high as of Thursday. Interest in MKR could see bulls seek out $2,000 – especially if the overall market picture supports further upside momentum.

THORChain (RUNE) eyes breakout above $2

THORChain (RUNE) price is one of outperformers today, with the altcoin’s value breaking beyond $1.9 as buying pressure mounted.

RUNE got rejected at $1.98 on September 18, eventually slipping to lows of $1.65. Today’s gains sees the cryptocurrency pierce the resistance around $1.74, with the 20-day EMA acting as support near $1.72.

For RUNE, there could be an urgency among buyers if price breaks above $2.01. If the expected buy-side liquidity plays out, we could see RUNE/USD eye $3.

However, while bulls might eye a fresh break to $3.00, they face tough resistance at this week’s supply wall that’s part of a horizontal hurdle that also thwarted buyers in February. A pullback is therefore likely given potential profit taking, in which case the primary support could be in the region of $1.72 to $1.66.

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• Stafi (FIS) price is up 3% in the past 24 hours and 13% this past week.
• The Staking Finance governance token has seen a spike in whale transactions of $100k+, on-chain data shows.
• Interest is seeing FIS outperform major altcoins.

Stafi (FIS), the governance token of the StaFi protocol, has seen a decent spike in the past 24 hours to bring total gains in the past week to more than 13%.

Currently trading at around $0.29, FIS has outperformed the major cryptocurrencies as they continue to struggle for volatility. All top altcoins by market cap are 2%-5% down in the past seven days, with Bitcoin (BTC) perched above $26k but down 4% in the outlined period. Ethereum, which came under renewed downward pressure following news of Vitalik Buterin’s latest ETH transaction, remains below $1,600 with -3.8% in the past week.

Why is the price of Stafi (FIS) up today?

As noted, FIS is a governance token for the Staking Finance, a DeFi protocol that offers access to liquidity of staked assets.

Other than its use in staking, FIS is used as transaction fees. But traders and investors are increasingly turning to the protocol rTokens, reward tokens that one receives when they stake Proof-of-Stake coins and tokens like Ethereum. These tokens are tradable and act as collateral on lending platforms. In other words, FIS holders have various opportunities of earning, including from staking rewards and lending of rTokens.

Stafi has recently added rTokens for Polygon (MATIC) and Cosmos Hub (ATOM).

Interest in FIS has skyrocketed over the past few weeks, reflecting in the token’s price performance. According to data by market intelligence platform Santiment, FIS is among a few smaller cap altcoins to see a significant uptick in whale accumulation.

Per on-chain data the firm shared on X, whales have been “most active,” in the ecosystems of aelf (ELF), Cream (CREAM), Stafi (FIS) and Linear (LINA). The networks have witnessed a surge in whale transactions involving $100,000 or more.

“These projects have a higher probability to see big swings this week,” Santiment analysts have noted.

The post Stafi (FIS) defies crypto market outlook, token up 13% appeared first on CoinJournal.

In the ever-evolving world of cryptocurrencies, hidden gems often shine the brightest. Today, we dive into the realm of crypto gems, those digital assets priced under $5 that have the potential to make a significant impact in 2023.

Among the finds, we’ll explore Borroe.Finance ($ROE) is a standout candidate for the best crypto investment opportunities, making it essential not to overlook.

Borroe.Finance ($ROE)

Amidst the search for a good crypto to buy, Borroe.Finance ($ROE) stands out as a beacon of innovation. Priced at a mere $0.0125 per token, Borroe.Finance has swiftly gained recognition through its ongoing presale event. 

This project boasts an extraordinary concept of an advanced AI-powered funding marketplace that empowers content creators and Web3 participants to access immediate cash by trading their future earnings. The unique model encompasses various income streams, including subscriptions, invoices, royalties, etc.

LunaX (LX)

LunaX has emerged as a promising cryptocurrency, represented by the LX token. Its primary objective? To revolutionize cross-border payments. The crypto world has witnessed LunaX’s low transaction fees and lightning-fast processing times, challenging conventional banking systems and remittance services. 

With the continued growth of global commerce, LunaX positions itself as a formidable player, facilitating secure and efficient international transactions. Indeed, LunaX stands as one of the top crypto coins to watch in 2023.

Solis (SOLI)

Solis (SOLI) is a blockchain platform with a noble focus — sustainability and environmental responsibility. By employing a Proof of Stake (PoS) consensus mechanism, Solis minimizes energy consumption, making it an eco-friendly choice in the crypto space. 

Given the rising concerns about the environmental impact of cryptocurrencies, Solis has garnered attention from environmentally conscious investors. Its potential for substantial growth in 2023 is notable, driven by its eco-friendly approach.

ThetaEdge (TED)

ThetaEdge (TED) serves as the native token of the ThetaEdge network, a decentralized edge computing platform. Edge computing is rapidly gaining traction due to its ability to enhance the speed and efficiency of data processing, a critical component for emerging technologies like IoT and AI. 

As the demand for effective edge computing solutions continues to soar, ThetaEdge’s TED token stands poised for increased adoption and potential value appreciation throughout 2023.

MetaverseCoin (META)

MetaverseCoin (META) is among the best metaverse coins. It spearheads the metaverse revolution, powering transactions within virtual worlds. This cryptocurrency empowers users to acquire virtual assets and experiences within these immersive digital realms. 

The metaverse concept is gaining immense popularity across various sectors, including gaming, entertainment, and even business. In light of this, META exhibits undeniable potential for explosive growth in 2023, serving as a gateway to the future’s immersive digital landscapes.

Best crypto investment opportunities 

As we explore the world of crypto gems, LunaX, Solis, ThetaEdge, and MetaverseCoin shine as tokens with untapped potential. These digital assets, priced under $5, offer unique value propositions and are well-poised for growth in 2023. 

Alongside them, Borroe.Finance emerges as a groundbreaking project that should not be overlooked. In the fast-paced crypto landscape, the quest for the best crypto to buy today for long-term gains takes us on a journey filled with hidden treasures and innovative opportunities.

For investors actively seeking the best cheap crypto investment opportunities, Borroe.Finance’s presale offers an enticing proposition. With over 90 million $ROE tokens, each priced at just $0.0125, this presale provides an attractive entry point into the crypto market. 

In a realm known for rapid changes and market unpredictability, staying informed and vigilant is essential. Timing often plays a pivotal role in the crypto success and Borroe.Finance ($ROE) has positioned itself as a compelling prospect for savvy investors who recognize the potential of its innovative funding marketplace.

To learn more about Borroe.Finance ($ROE) visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe on Twitter

The post The 5 best crypto to buy now for under $5 appeared first on CoinJournal.

• ImmutableX (IMX) price rose more than 30% after a top exchange listed the altcoin.
• While IMX still tops other crypto gainers in top 50 this past week, it has retreated from near $0.78, to $0.65 amid profit taking.

ImmutableX (IMX) was among the hottest coins this week, skyrocketing more than 34% to top the list of gainers across the top 50 coins by market capitalization. With mega cap altcoins largely constrained, the price of IMX rose to near $0.78 – the highest level since August 2. 

Listing on one of the world’s largest cryptocurrency exchanges might have triggered the buying pressure.

Korean listing triggers IMX buyers

Immutable is billed as the “future of Web3 gaming,” with decent traction for the ecosystem seen over the past several months. The launch of the Immutable zkEVM Testnet has added to this outlook as developers find it easier to build Web3 games.

IMX has however not seen much upside amid broader crypto malaise since Bitcoin’s retreat from the $31k area. This week has however witnessed a massive spike in buy pressure – a scenario likely triggered by news of the listing of IMX/KRW on leading South Korea crypto exchange Upbit.

ImmutableX’s $IMX token skyrocketed over 30% following the listing of IMX-Korean won pair on South Korea’s leading exchange @Official_Upbit.

The newly listed IMX/KRW pair on Upbit exchange accounted for nearly 20% of the global trading volume.. pic.twitter.com/UcZhiTT7MA

— GeckoTerminal (@GeckoTerminal) September 21, 2023

But according to blockchain sleuth Lookonchain, IMX rising saw major deposits to exchanges soon after – including from top blockchain gaming company Animoca Brands.

Note that Animoca Brands withdrew 1,546,875 $IMX($1.03M) again 23 minutes ago, which will most likely be deposited to Binance again.

Animoca Brands withdrew 515,625 $IMX($342K) and deposited to #Binance 18 hours ago after $IMX rose.https://t.co/QX1fDeECBV pic.twitter.com/jNDqExj3KE

— Lookonchain (@lookonchain) September 22, 2023

At the time of writing, the cryptocurrency was seeing some downside pressure amid profit taking. IMX/USD traded around $0.65 on major cryptocurrency exchanges. According to data from CoinGecko, the altcoin had shed just over 1% in the past 24 hours.

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