Kategorie: Crypto Markets

• AVAX is trading around $18.44 and could rally to $30 with fresh upside momentum.
• On-chain data shows a jump in social volume and sentiment, suggestng uptick in retail activity.
• Avalanche recorded a 62% jump in daily active users last week.

Avalanche price is up 1.5% at the time of writing, and just over 14% in the past one month. 

While the token of this Ethereum competitor has not seen a major price uptick compared to some of the top coins by market cap, on-chain data suggests a fresh catalyst is likely to see AVAX/USD soar.

Avalanche (AVAX) price- on-chain metrics signal bullish outlook

Avalanche, according to one on-chain metric, is flashing signals of a new upward momentum. Santiment, in a brief assessment of the Avalanche social volumes indicator, says current sentiment for this coin has been higher than when AVAX price rose to its year-to-date highs of $21 in February.

The increase in social volume as well as positive weighted sentiment for Avalanche during the latest pullback provides for a bullish outlook for the cryptocurrency, Santiment noted.

According to the on-chain data platform, AVAX/USD saw “minimal social volume and sentiments were stagnant,” during the run to $21. The difference between then and now is clear in terms of the sharp increase in these metrics.

As such, Avalanche is poised for a potential uptick in retail buying, an outlook that could spell a period of sustained gains for the tokens.

📈 The latest community insight posted by the #DCXResearch team notes that in February 2023, when the price of #Avalanche reached $21, there was minimal social volume and sentiments were stagnant. However, during the current pullback, there has been a notable increase in both pic.twitter.com/Qb4qD9dt0x

— Santiment (@santimentfeed) April 12, 2023

“This is an interesting trend, as social volumes have significantly increased, suggesting a potential leading indicator that will be picked up by retail segment in price movement in coming near future,” Santiment noted as it commented on the price movement of AVAX.

On 10 April, Web3 platform Token Terminal shared details on Avalanche that showed daily active users on the network had spiked by more than 62% over the past week.

Daily active users on @avalancheavax up 62.8% over the past week 📈 pic.twitter.com/dCkoaZuXdP

— Token Terminal (@tokenterminal) April 10, 2023

Avalanche currently trades around $18.44 and could jump 22% to hit the February peak. The next target would be $30, which would mean a 64% jump from current levels.

The post AVAX price outlook: key indicator points to new momentum appeared first on CoinJournal.

• DigiToads is an exciting new web3 game that lets you collect, nurture and battle Toad NFTs.
• The DigiToads presale is in the third stage called “Lilypad 3.’
• Only 3.92% of the current presale stage remains to be claimed.

The cryptocurrency world is witnessing yet another explosive presale event with DigiToads (TOADS), a DeFi token whose presale has piqued significant interest among crypto enthusiasts and play-to-earn (P2E) gamers in recent weeks. Like Stepn (GMT) and Aptos (APT), two previous presale success stories, DigiToads has seen a remarkable surge in popularity and investment.

The similarities are striking when comparing DigiToads to previous presale success stories such as Stepn (GMT) and Aptos (APT). Just like the two, the DigiToads presale is quickly selling out seeing that its third stage is already 96.08% sold out. You can participate in the presale here.

Stepn and Aptos experienced explosive growth during their respective presales, with investors clamouring to get in on the action. 

Why has DigiToads (TOADS) become so popular?

DigiToads (TOADS) aims to bring together the worlds of NFTs, DeFi tokens, and GameFi through its unique platform that allows users to stake their NFTs in exchange for increased rewards while engaging with the platform’s gaming setup.

The DigiToads presale event, which is almost coming to an end, offers investors the opportunity to purchase the TOADS altcoin at a low price. At press time, one TOADS token was going for 0.016 USD USDT. So far, the presale has reached Stage 3 of the ten planned stages and has raised a whopping $1 million within weeks.

Comparing the DigiToads presale to the Stepn presale?

Stepn (GMT) experienced tremendous growth during its presale stage. 

Stepn is a move-to-earn platform that pays users in either ERC-20 tokens, GMT, or Green Satoshi. Stepn’s presale raked in over $9 million and the price of GMT kept rising throughout the presale period.

There are similarities when comparing the TOADS presale with Stepn’s (GMT) presale growth. The numerous elements, including the potential growth in both tokens and the unique features provided by DigiToads (TOADS) and Stepn (GMT), can be blamed for this rapid rise. Plus, they both used similar marketing techniques to draw interest.

Comparing Aptos Presale to the DigiToads presale

Aptos (APT) is the newest layer one blockchain and it received substantial venture capital backing when it was starting. Many believe this is because it was created by the team responsible for the creation of Meta.

Just like the TOADS token price, the price of APT grew significantly throughout its presale which began in October 2022. The Aptos token has experienced substantial growth with its price increasing from $2 to $10 in just a few months.

Overall, the DigiToads (TOADS) token growth mirrors that of Aptos making it a cryptocurrency to watch in the coming weeks.

Is DigiToads’ TOADS token a good investment?

Well, investing in cryptocurrencies comes with a myriad of risks especially since the crypto market is extremely volatile and the fact that there are many scam projects out here.

However, despite the many challenges, there are still viable crypto projects that investors can cash in although one has to consider a variety of factors before investing his/her hard-earned money.

That said, DigiToads’ TOADS presale could be a good chance for investors to take advantage of the DigiToads projects before it goes mainstream.

The TOADS token is a utility-rich token and its price has been rising during the presale. 

The post DigiToads meteoric presale growth reminiscent of Stepn and Aptos appeared first on CoinJournal.

• At press time, WiFi Map (WIFI) token was trading at $0.07858, up 15.04% in 24 hours.
• WiFi Map offers participate-to-earn allowing users to earn tokens for adding hotspots, verifying credentials, and running speed tests.
• The WIFI token has today been listed on three major crypto exchanges in a week.

WIFI token, the native token of WiFi hotspot platform WiFi Map, has been surging since Tuesday mainly because of the listing on the cryptocurrency exchange Huobi.

WIFI deposits on the exchange started on Tuesday prior to its listing on Wednesday. Huobi traders will be able to trade the WIFI/USDT pair starting today.

The Hobi listing is the third huge listing for the token in one week, following OKX and Gate.io listings.

What is WiFi Map?

WiFi Map is a WiFi hotspot blockchain platform that is powered by the WIFI token, which is an ERC-20 token on Polygon Network.

The platform offers a variety of products including an in-app wallet and participate-to-earn opportunities allowing users to earn tokens for adding hotspots, verifying credentials, and running speed tests.

It also offers an eSIM cashback allowing users to purchase eSIM data and receive 3–5% instant cashback in WIFI tokens. Users also receive a 15–20% token cashback reward for redeeming $WIFI tokens for eSIM data.

WiFi Map also offers Hold-to-earn where users earn eSIM data for holding WIFI tokens.

There is also a WiFi Map DAO that allows the WiFi Map community can decide on the best way to grow the ecosystem.

The post WIFI token price surging buoyed by major exchange listing appeared first on CoinJournal.

• REN price fell to lows of $0.94 after Ren Protocol announced the transfer of all crypto assets to FTX debtor wallet.
• Ren says all assets will be sent to cold storage wallets belonging to the debtor.
• FTX/Alameda acquired Ren, a cross chain bridge protocol, in February 2022.

The price of REN (REN) fell sharply on Wednesday morning after Ren Protocol announced it would be transferring all of its assets to the FTX debtor’s wallet.

As the broader market traded cautiously amid wider anticipation of economic data later in the day, REN holders were spooked into heavy selling. REN price nosedived from above $0.10 to lows of $0.94, shedding nearly 12% of its value against the US dollar.

The sharp declines were accompanied by huge sellside volume, with data from CoinGecko showing daily trading volume had spiked by more than 45%.

REN price nosedives on major FTX-related Ren announcement

Ren Protocol is a cross-chain bridge that FTX, through its subsidiary Alameda Research, acquired in February 2022. Following the collapse of the Sam Bankman-Fried led crypto exchange last November, the platform’s assets moved to the debtors’ amid the ongoing bankruptcy proceedings.

Now the Ren Protocol team says the FTX “Debtor” has asked them to transfer all crypto assets it holds to cold storage wallets controlled by the debtors. The platform noted that the transfers are meant to help secure the cryptocurrencies ahead of any possible shutdowns of infrastructure and systems related to FTX.

pic.twitter.com/KndTzULW5B

— Ren (@renprotocol) April 12, 2023

Ren will send the cryptocurrency to segregated wallets, with assets moved from bridge protocol stored separately from other assets secured by the Debtor.

In December, Ren announced that its v.1.0 remained operational after the FTX/Alameda debacle. However, the team recognised the network could go offline and urged holders of Ren assets to bridge back to the native chains.

2) Due to this not being in our control, it is advised for anyone still holding Ren assets to bridge those assets back to their respective native chains.

This can be done here: https://t.co/5rq7H5zuV1

— Ren (@renprotocol) December 20, 2022

While the REN/USD pair has clawed back a little, the token remains vulnerable to further downside. However, buyers are battling to keep the support zone near $0.98. Some REN holders are also looking at the dip as an opportunity to buy low, pointing to the promise of Ren v.2.0.

The post REN price dips after major Ren Protocol announcement appeared first on CoinJournal.