Kategorie: Crypto Markets

BabyDige has announced via a tweet that the testnet of its new swap protocol, BabyDogeSwap, is now live on BSC. The announcement has caused fanfare on social media, especially on Twitter.

The BabyDoge coin has been bullish since the initial announcement of the launch of the swap protocol last week and its community were eagerly waiting for the official launch. It has gained 23.0% in the past 7 days and although today’s announcement did not cause a significant change in the price of the DabyDoge coin, traders expect the price to maintain its bullish trend in the coming days, weeks and months.

At the time of writing, BabyDoge was trading at $0.000000001703 after registering a 2.62% gain in the past 24 hours.

BabyDogeSwap protocol

To start using the newly launched testnet, users will be required to connect their Metamask or other popular crypto wallet and swap any token with the BSC token. The protocol intends to add more swapping pairs, especially Ethereum and Bitcoin pairs.

Besides the usual token swapping, the BabyDogeSwap protocol has additional features including yield farming, swapping, staking, and voting.

The team behind the project plans to embark on an aggressive marketing campaign to allow it to compete favourably with the likes of PancakeSwap, which is one of the leading decentralized exchanges on BSC.

The swap protocol intends to burn a portion of the swap fees obtained from users to check the inflation of the BabyDoge token. The swap has however eliminated swap fees for tokens of their partner projects while maintaining ordinary fees for popular coins.

BabyDogeSwap also features a Simplex on-ramp widget to allow users to purchase crypto with fiat using cards.

In addition to the newly released swap protocol, BabyDoge plans to release a game that will allow players to bet using their tokens and also launch physical BabyDoge cards that will allow users to use the BabyDoge token to pay merchants around the world.

The post BabyDoge’s new swap protocol testnet goes live on BSC appeared first on CoinJournal.

• Crypto Kaleo does not think there will be a capitulation to beneath $20K or below for Bitcoin.
• However, he sees BTC retesting support levels below current prices before making new highs.
• According to the analyst, despite the bears, it’s possible for new momentum to take BTC/USD to above $28,000.

Bitcoin could drop below $24,000 and retest support levels beneath that buffer zone before finding fresh upward momentum that could include bullish retests of highs above $28,000.

However, even as he charts a potential decline to new lows, popular analyst Crypto Kaleo doesn’t think the Bitcoin market will see new capitulation that pushes prices to $20,000 or below in coming weeks.

According to the analyst, who agrees he might have been “overzealous” in his projection for an upward continuation this week – he had suggested that Bitcoin’s price could tick to $25,000 as risk assets pumped after recent US inflation data – remains bullish and sees a dip in the week as what could offer fresh impetus for higher targets.

Bitcoin rejected at $25k, but…

Indeed Bitcoin rallied to prices above $25k on Sunday before paring some of the gains on Monday. At the time of writing, BTC/USD was poised just above $24k, about 1.3% down in the past 24 hours.

He noted in a tweet:

“I got overzealous on Friday expecting continuation to $28K through the weekend into early this week. I admit when I’m wrong, & while I don’t believe we’re going to see a capitulation to new lows & break beneath $20K, a bit lower before a bit higher makes sense.”

Commenting further on the outlook and his opinion of where next the price of Bitcoin could go, Kaleo added that rejection at $25k (level of May 2022 crash) opens up a retest of lower levels. This includes a decline to the top of mid-June to July range.

The chart he shared in the tweet below shows this:

Should have done the previous chart on the daily – not sure why I had 12 hr candles when I shared it lol, but outside of pure s/r levels shown above – yesterday’s candle was disgusting and typically indicative of a local top… and today’s doesn’t look like it’ll be much better. pic.twitter.com/qwhMhpiNrx

— K A L E O (@CryptoKaleo) August 15, 2022

Bitcoin’s rally this past weekend pushed BTC to its highest price level in two months, and continues to see the flagship crypto hover above the massively important line of $20k. 

The area is key for bulls, but Bitcoin skeptic Peter Schiff warns it might not hold, with a possible capitulation to below $10,000 in the offing.

He opined via a tweet on Sunday:

Just to put the #Bitcoin rally into perspective, take a look at this chart. The pattern remains very bearish. There’s both a double top and a head and shoulders top. There’s a rising wedge forming below the neckline. At a minimum support will be tested below $10K. Look out below! pic.twitter.com/OHNhwsgxxs

— Peter Schiff (@PeterSchiff) August 14, 2022

The post Crypto Kaleo says ‘a bit lower’ before new highs makes sense for Bitcoin appeared first on CoinJournal.

Shiba Inu has become a sensation on social media after registering a surge of about 30% over the weekend. The surge sent SHIB price to a high of $0.00001766 before retracing to its current price of $0.00001575.

At the time of writing, Shiba Inu was still bullish as analysts still predict a further price in the coming days.

To help new investors and traders who are eyeing the coin, Coinjournal has created on why SHIB surged over the weekend while also providing insight on some of the best places where SHIB can be purchased.

To find out more, please continue reading.

What caused the weekend Shiba Inu price surge?

Crypto traders and investors are attaching the SHIB price surge to Shiba Inu’s metric which is showing a rise in the SHIB burn rate. On August 14, when SHIB registered a 27% surge, the burn rate had jumped by 85%. To date, the Shiba Inu network has burned SHIN tokens worth over $6.36 million worth.

Approximately ten days ago, Binance also announced that it had added AVAX and SHIB support on its payment cards issued in Europe thus giving Shiba Inu more exposure to the European market.

We are pleased to announce that @binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe.

You can now pay with SHIB at 60+ million merchants worldwide. Furthermore, get up to 8% cashback and zero annual or FX fees!https://t.co/0Xj7IXPyt0 pic.twitter.com/FqINtnHFWx

— Shib (@Shibtoken) August 5, 2022

Shiba Inu price prediction

A majority of crypto analysts predict a further SHIB Inu price surge in the coming days seeing that SHIB has broken out of a prevailing cup-and-handle pattern. The breakout has raised Shiba Inu’s prospects of registering a further price hike.

The majority are expecting the meme coin to register a 50% surge by September with a price target of $0.00002253.

Best places to buy Shiba Inu

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy SHIB with eToro today Disclaimer

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy SHIB with Capital.com today Disclaimer

$SHIB social media trends

JUST IN: Shiba Inu has flipped #Avalanche to become the 12th largest cryptocurrency in the world by market value.

— Watcher.Guru (@WatcherGuru) August 14, 2022

 

 

 

Thank you for being the best community ever #ShibArmy! pic.twitter.com/8amWPSbQam

— Shib (@Shibtoken) August 14, 2022

 

The post Shiba Inu’s 30% surge causes a social media sensation: here’s where to buy SHIB appeared first on CoinJournal.

The Singapore High Court has given Zimplex crypto exchange a three months moratorium extension to resolve its liquidity issues.

Zimplex, a leading South Asian crypto exchange, has been going through tough times that resulted in an abrupt halting of client withdrawals last month before allowing limited withdrawals a week later. The exchange later filed for bankruptcy protection in Singapore seeking protection from creditors.

In its petition, Zipmex Group was requesting a six-month moratorium extension for its five entities: Zipmex Asia, Zipmex, Zipmex Thailand, Zipmex Australia, and Zipmex Indonesia to avoid any potential creditor lawsuits. However, the court has granted it just over three months to address its liquidity issues. The extension was extended to December 2.

Zimplex joins Vauld, which like Zimplex had halted withdrawals in July and received a three months moratorium extension earlier this month from the Singapore High Court.

Zimplex’s liquidity crisis

Zimplex liquidity crisis was triggered by its exposure to Celcius and Babel Finance, two crypto lenders that have been on the verge of insolvency. Both Celsius and Babel Finance have halted withdrawals to date.

Zimplex is currently working on resolving its financial crisis in the hope of re-enabling fund transfers between its Trade and Z wallets soon. In particular, Zimplex is presently seeking to raise funds and it recently said it signed a memorandum of understanding with two investors.

The Z wallet from which clients are currently not allowed to withdraw assets allows users to use the ZipUp+ feature to deposit crypto holdings and earn rewards. It also allows users to deposit and withdraw fiat currency and trade and store cryptocurrencies.

The post Zipmex gets a three months moratorium extension to resolve liquidity issues appeared first on CoinJournal.

Ethereum’s co-founder Vitalik Buterin in a tweet today hinted that the actual date of the Ethereum Merge would depend on hashrate.

Bordel.wtf had earlier predicted that the upgrade would take place on September 15 and although Ethereum Foundation and Ethereum co-founder Vitalik Buterin have not strongly asserted a date, September 15 seems to be the likely date based on the current hashrate which is at 879.2 TH/s.

According to Butterin’s tweet, the terminal total difficulty (TTD) has been set to 58750000000000000000000.

Once the TTD is reached, Ethereum Mainnet will merge with the Beacon Chain and transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism.

Fixed number of hashes remaining

According to Buterin, Ethereum mainnet PoW now has fixed hashes remaining to mine.

If the hasrate stays near the current hashrate 879.2 TH/s, the merge will happen by the anticipated date of September 15. However, if the hashrate changes, the Merge date will definitely change.

Ethereum Network currently requires to maintain an average hashrate of 872.2 TH/s to achieve the set TTD of 58750000000000000000000 BY September 15 at 04:44 UTC.

Goerli testnet Merge is already done

This week, developers successfully completed the Goerli testnet Merge and all eyes are now set on the upcoming Bellatrix and Paris upgrades which are tentatively scheduled for September 6 and September 15.

However, the Merge is expected to happen before the Bellatrix upgrade and before the end of September.

The crypto community is eagerly awaiting the Merge upgrade which is also expected to have a very significant effect on the price of ether (ETH).

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