Kategorie: Crypto Markets

• ByBit users will now be able to earn interest payouts on idle cryptocurrency assets.
• The ByBit Lending will offer hourly paid interest and no deposit periods for redemptions and deposits.
• The lending service will serve as an intermediary between borrowers and lenders.

Popular cryptocurrency exchange ByBit has launched its lending service arm, ByBit Lending, which will allow users to earn high-interest payouts on their idle cryptocurrency assets.

The new product offers an additional way for users to capitalize on their crypto investments and generate passive income.

ByBit now joins the likes of Binance, OKX, and KuCoin in offering lending services. The US-based exchange Coinbase abandoned plans to launch lending services after the US Securities and Exchange Commission (SEC) rendered the offering a security.

Passive income opportunity for ByBit users

ByBit Lending offers a high APR, offering users an opportunity to earn some passive income on the crypto assets they are holding instead of letting them sit idle on the exchange.

Interestingly, the interest on the crypto assets deposited for lending will be paid hourly with the users having the flexibility to deposit and redeem their assets at any time. This makes it easy for users to take advantage of the crypto market fluctuations.

The exchange has made the lending service accessible to both novice and experienced clients through a simple four-step process. The deposited assets will remain secure throughout the lending process, thanks to the exchange’s advanced risk management systems.

Besides benefiting lenders, borrowers will also have the opportunity to take up crypto loans for various earning strategies including trading perpetual contracts and capitalizing on spreads on the ByBit Earn. Borrowers will, however, be required to deposit collateral equal to or greater than the loan they intend to take.

The post ByBit taps into crypto lending appeared first on CoinJournal.

• At press time, Metacade (MCADE) was trading at $0.03406, up 21.86%.
• MCADE’s price has risen by more than 49% from its price at the end of the presale.
• The token has so far been listed on one DEX and two centralized exchanges.

The price of MCADE has surged 21.86% while the global crypto market is on the decline. The global market cap has dropped by 1.34%.

Metaverse tokens like MCADE seem to be performing well today with the majority of today’s top gainers being from this category. The NFT Worlds (WRLD) token is leading with a surge of 21.88% followed by the Metacade (MCADE) token which has gained 21.86% in the last 24 hours.

What is MCADE?

MCADE is the native token of the gaming arcade platform Metacade, which aims to become the ultimate Web3 community hub where gamers and blockchain fanatics can communicate and collaborate.

The MCADE presale was concluded in March 2023 offering an investment opportunity for many crypto investors.

The token is built on the Ethereum blockchain, making it an ERC token. The token has so far been listed on CoinMarketCap, Coingecko, Uniswap, and BitMart. It will be listed on MEXC Global in one day and twenty hours’ time.

MCADE listing on MEXC Global

MCADE’s listing on MEXC Global crypto exchange is the next big thing after the token listed on BitMart.

Just like the concluded Metacade presale and the subsequent listing on Uniswap and BitMart, the upcoming MEXC Global listing has created quite a hype around the MCADE token, which is partly the reason for today’s price surge.

Metacade (MCADE) price forecast

Although MCADE tested an all-time low of $0.01498 shortly after listing on CoinMarcketCap and Uniswap, the token now seems to be on a bullish trajectory having hit an all-time high of $0.03305 today.

At the current rate, Metacade is expected to surge towards $1, especially after the MEXC Global listing.

Should you Metacade (MCADE)?

Well, investing in cryptocurrencies carries a lot of risks including market volatility and scam projects. And while the Metacade project has proved to be e legit crypto project, its native token, the MCADE, is still a candidate for the volatile crypto market.

Nevertheless, MCADE just like its parent platform, Metacade has gained a lot of popularity among gamers, game developers, and crypto investors who turned up in droves to purchase it during the Metacade presale.

And although the MCADE token has not made significant bullish movement since the presale ended, the increased activity on the Metacade platform and the listing on different Centralized exchanges including the upcoming MEXC Global listing is expected to spur a significant MCADE price surge. So far, the token’s price has risen by more than 42% from its price at the end of the presale.

Metacade has already earned itself its first partnership with Metastudio, a revolutionary gaming company focused on delivering exciting, avant-garde, and fresh mobile games to the Metacade arcade. The partnership kind of confirms Metacade’s commitment to becoming a leading metaverse arcade platform.

According to Metacade’s whitepaper, Metacade is expected to sign more partnerships with play-to-earn projects, gain further CEX listings, launch more gaming community giveaways and competitions, and launch a universal online hangout for all things GameFi and P2E before the end of Q2, 2023.

The MCADE demand is expected to increase greatly on the above-mentioned activities seeing that MCADE is the backbone of the larger Metacade ecosystem.

The post Metacade price prediction: one day to MEXC Global listing appeared first on CoinJournal.

• At press time, the PAW token had dropped 10.90%.
• PawSwap team yesterday launched its PAW Staking Mainnet.
• So far about 200 trillion PAW tokens have been staked on the mainnet.

Contrary to the expectations of many, the PAWSWAP (PAW) price has plunged after about 200 trillion PAW tokens are staked on the PAW Staking Mainnet which was launched on April 30, 2023. Interestingly, it has taken less than 24 hours for so many PAW tokens to be staked.

Normally, such a great reduction of token supply would result in a significant price surge but that has not been the case for PAWSWAP, whose price had rather dropped by 10.68% at press time. The staked PAW tokens account for 0.2% of the total PAW token supply.

PawSwap roadmap

The launch of the mainnet for staking is the first major product to be launched for the PAW ecosystem. The project has a robust roadmap including PawChain blockchain and cross-chain decentralized exchange (PawSwap), focusing on security, speed, and a user-friendly experience for trading crypto assets.

The PAW Staking Mainnet is Live!

We are happy to report our staking platform, which is our first major PAW Ecosystem product delivery, has been deployed.

You can visit https://t.co/VVNxUpRThp to get started and get staking!

In the next few days, the PAW team will provide the… pic.twitter.com/LjsGxfiC7w

— PAWChain (@PawChain) April 30, 2023

CertiK has already confirmed that the newly launched mainnet “meets their standards.” In addition, the PawSwap team also said that it will be chairing a report on the audit status of the mainnet with its community.

The PawSwap team started with the launch of the PAW token on the Ethereum network and has now launched the PAW Staking Mainnet.

While the launch of the staking mainnet and the subsequent token staking seem not to have stirred a bullish PAWSWAP price movement, the launch of the PawChain blockchain and cross-chain decentralized exchange (PawSwap) is expected to increase PAW token demand which could, in turn, result in a price surge for the PAW token.

The post PAWSWAP price plunge as trillions of PAW are staked appeared first on CoinJournal.

• The global crypto market cap has dropped by 2.16%.
• Bitcoin has dropped by 2.60% while Ethereum has dropped by 3.26%.
• WSB is today’s top gainer after a 400% price surge.

Meme coins are today’s top gainers as the majority of big cryptocurrencies plunge. WALL STREET BABY (WSB), a little-known meme coin, for example, has surged by 400.14% to become today’s top gainer.

Other meme coins that have seen tremendous price gains include AiShiba (shibai), which at press time had surged by 171.21%, and PEPE which had surged by 128.14%.

Crypto market dropping

It is interesting to see little-known coins take on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). While the above-mentioned meme coins saw a triple-digit percentage rise, BTC saw a 2.60% decrease and Ethereum saw a 3.26% drop.

Popular meme coins seem to follow the major cryptocurrencies as Shiba Inu (SHIB) and Dogecoin (DOGE) dropped by 2.48% and 2.97% respectively. So why are the little-known meme coins rising?

Why are little-known meme coins surging?

Well, the PEPE coin seems to be leading the way after OKX announced listing the PEPE/USDT trading pair starting today with PEPE withdrawals starting tomorrow. There is no major crypto news affecting the rest of the meme coins meaning they are riding on PEPE’s hype.

PEPE has surged by 305% while the WALL STREET BABY (WSB) has raised by a whopping 1878.13% in the last seven days.

The post Meme coins surge as market dips: WSB and PEPE lead the way appeared first on CoinJournal.

• Market intelligence platform Santiment says wide price performance ranges have left crypto assets split between extremely overbought and underbought categories. 
• The price outlook for OMG Network (OMG), Serum (SRM) and Vidt DAO (VIDT) suggests they are most underbought.
• Meanwhile, Render (RNDR), Injective Protocol (INJ) and Bella Protocol (BEL) are extremely overbought.

Cryptocurrency prices have been quite volatile in April, with a number of coins seeing massive gains before toppling to pre-rally levels amid extensive selling. But the outlook of some tokens suggests they are trending in extremely overbought territory, while a few remain greatly underbought.

Render (RNDR), Injective Protocol (INJ) and Bella Protocol (BEL) are all heavily overbought. OMG Network (OMG), Serum (SRM) and Vidt DAO (VIDT) fall in the latter category.

Crypto price predictions for OMG, SRM and INJ

While Bitcoin (BTC) price is back above $29,000 on Friday and is trending with positive sentiment as bulls target a good start to the historically slow May, analysts say ending April above the key support of $28,200 is the critical move.

Meanwhile, trading patterns for some altcoins suggest this might be a good buying moment – with market intelligence platform Santiment highlighting OMG, SRM and VIDT  as some of the most underbought tokens.

However, with the global crypto market cap shrinking to $1.25 trillion from recent highs, some altcoins that rallied hard are massively overbought. These tokens, including RNDR, INJ, and BEL could be quite risky, Santiment explained on Friday.

“Prices have been more scattered and non-correlated to one another here in April than in previous months. And our MVRV model confirms average trading returns appear as historically good times to buy for some ($OMG, $SRM, $VIDT), and quite risky for others ($BEL, $INJ, $RNDR).”

📊 Prices have been more scattered and non-correlated to one another here in April than in previous months. And our MVRV model confirms average trading returns appear as historically good times to buy for some ( $OMG, $SRM, $VIDT), and quite risky for others ( $BEL, $INJ, $RNDR). pic.twitter.com/g6z1IAfySz

— Santiment (@santimentfeed) April 28, 2023

The MVRV (market-value-to-realized-value) model gives the ratio of a token’s market capitalization against its realized capitalization.

As a comparison of the two metrics, that is market cap and realized cap, the MVRV ratio is often used to highlight the price of an asset versus its deemed fair value. Being above or below this “fair value” price helps traders assess the potential profitability of the token.

The post Crypto price prediction: OMG Network, Serum, Injective Protocol appeared first on CoinJournal.