Kategorie: Crypto Markets

• VORJ is Vechain’s ‘Web3-as-a-Service’ Platform.
• Vechain aims to build solutions that solve obstacles impeding the mass adoption of blockchain technology.
• At press time, the VET token was trading at $0.02636, up 4.13%.

The price of Vechain (VET) has jumped by more than 4% hours after VeChain announced the launch Of VORJ, its ‘Web3-as-a-Service’ Platform — Blockchain Made Easy.

Since its launch, Vechain has been focusing on building solutions that solve the obstacles that hinder the adoption of blockchain technology. VORJ is one of the important solutions that Vechain has launched.

The VORJ platform

The VORJ platform almost entirely summarizes the blockchain development process thus opening up Web3 building to the masses without having to be a technical guru. It is a no-code Web3-as-a-service platform that allows anyone to create, deploy, and interact with smart contracts on the VeChainThor blockchain.

Users will not need to understand solidity to start deploying digital assets on the VechainThor blockchain.

VORJ combines familiar Web2 user experience with the ability to create Web digital assets in a few clicks. Users don’t need to even manage crypto assets to pay for the transaction fees. Fees on VORJ are taken care of by VORJ itself; which is quite a huge step in eliminating a key barrier to Web3 entry.

EVM compatibility

VeChainThor blockchain is an Ethereum Virtual Machine (EVM) compatible blockchain making VORJ offer secure and battle-tested OpenZeppelin smart contracts, which is considered the industry standard.

Furthermore, VORJ offers the creation of fungible ERC-20 contracts or non-fungible tokens (NFT) ERC-721 contracts on the VORJ frontend while the VORJ Application Programmable Interface (API) offers users a wider selection of token standards.

In addition, VORJ seamlessly integrates with existing VechainThor projects.

The post Vechain price rising after the launch Of VORJ appeared first on CoinJournal.

• Radix price was up 40% in 24 hours and 118% over the past week as trading volume jumped 155%.
• Gains for XRD come as the layer-1 blockchain announced the date of an upcoming major upgrade.
• XRD has broken into the top 50 cryptocurrencies by market cap with $1.16 billion as Bitcoin price looks to retake the $30k level.

The price of Radix (XRD) is up 40% in the past 24 hours after massive buying pressure pushed it past the psychological $0.10 mark early Tuesday. Radix is outperforming the top coins across the daily, weekly and monthly charts even as Bitcoin price looks to reclaim $30,000 and Ethereum moves above $2,100.

XRD tokens have seen a 155% jump in daily trading volume in the last 24 hours, a scenario that comes from the recent spike in market activity for the cryptocurrency. The price gains have seen XRD break into the top 50 cryptocurrencies by market ranking. 

CoinGecko data shows Radix currently ranks 48th on the list, with $1.16 billion in market cap.

Radix up after Babylon upgrade date announcement

As the cryptocurrency market teeters on the verge of a new bull market, it’s no doubt Radix has seen renewed bullish momentum. However, most of the buying pressure for XRD is down to the hype around its upcoming developments.

Radix is a layer-1 blockchain network built to offer truly decentralised and scalable DeFi access. In the past few days, the XRD price has surged after news of its upcoming smart contracts integration. The network will also soon add full atomic composability, with support for sharding.

Babylon upgrade date confirmed: July 31st 2023.

The upgrade from Olympia to Babylon will pave the way for global Web3 & DeFi to finally exit the “tech demo” stage with a mainstream-capable user and developer experience.

Read more: https://t.co/XSRWWoLobE

— Radix – Radically Different DeFi (@radixdlt) April 11, 2023

The highly anticipated network growth will be part of the Babylon upgrade, whose launch date was recently confirmed for 31st July 2023. According to Radix, the upgrade is expected to pave the way for mainstream adoption of Web3 and DeFi on Radix. Currently, the features are only available in “tech demo,”

Radix price outlook

The positive sentiment has benefitted Radix bulls. Having struggled to break past resistance around $0.08 last week, XRD/USD exploded to an intraday high above $0.12 on early Tuesday.

With a 24-hour trading volume of over $16.9 million and price gain of over 118% in the past 7 days, Radix appears all set for a major swing in coming days. The bullish perspective has the daily RSI and MACD strengthening.  

The long-term Radix price prediction has the XRD token trading higher in the next bull market and beyond. However , for the immediate outlook, the area around $0.074 and $0.061 provides the primary demand zone.

The post Radix price skyrockets 40% as XRD breaks above psychological level appeared first on CoinJournal.

• Bitcoin mining stocks declined in line with the bitcoin price today.
• U.S. dollar strength pushed BTC under $30,000 again on Monday.
• DXY climbed today on the back of Empire State Manufacturing data.

Shares of the bitcoin mining companies ended down on Monday as “BTC” – the asset they mine and hold returned to the sub $30,000 level again.

Why did the bitcoin price slip today?

One of the primary reasons behind weakness in the bitcoin price today was the U.S. Dollar Index that moved to the upside. BTC tends to be inversely related to the USD since it was created as a substitute for fiat currencies.

That leaves us to wonder why did the U.S. dollar gain strength on Monday in the first place? The answer lies in Empire State Manufacturing data that confirmed factory activity in New York clawed back in April for the first time since late last year.

A few of the notable bitcoin mining stocks that closed in the red today include Riot Platforms, Bitfarms, and Hut 8 Mining Corp.

Is bitcoin still in a bear market?

Now, let’s look at it in another way. Simply put, the monthly business activity survey suggests the U.S. economy is keeping resilient in the face of the Fed’s aggressive rate hikes.

That creates at least some room for the central bank to lift rates further to tame inflation which was still at 5.0% in March. It’s significant because the world’s largest cryptocurrency performed poorly last year amidst rising interest rates.

Nonetheless, there’s reason to not read too much into the drop in BTC today, including the recent bank failures that could make the Federal Reserve revisit its hawkish stance. According to FxPro analyst Alex Kuptsikevich:

Technically, bitcoin has already proven the end of the bear market by securing above key moving averages and steadily retreating from the bottom.

The post Why did bitcoin mining stocks end down on Monday? appeared first on CoinJournal.

• Dash price outlook after SEC lists tokens as securities in complaint against Bittrex.
• DASH/USD traded nearly 6% lower on Monday, with the 24 hour losses coming after the SEC news.
• Cryptocurrencies were also down after Bitcoin and Ethereum retreated from recent highs.

The prices of Dash (DASH) and Algorand (ALGO) traded lower as the SEC’s complaint against cryptocurrency exchange Bittrex listed the tokens among others as securities.

DASH price was down 5.8% on Monday afternoon (around 1:15 pm ET) as it traded near $58.19.

Dash price outlook- why is DASH down?

As CoinJournal reported earlier, the SEC claims that Dash, Algorand, OMG Network, TokenCard and Naga investors had reason to expect profits for their investment. As such, the tokens should have been registered as securities. 

The regulator has charged Bittrex and its former CEO William Shihara for violating US securities laws.

Amid recent buy pressure, DASH/USD had traded from lows of $54 on 12 April to hit highs of $62. It was the token’s highest price since 24 March 2023 when it traded above $63,

However, with news of the SEC’s complaint against Bittrex, Dash has retreated from intraday peaks. The dip sees DASH down more than 96% from its all-time high of $1,493 reached in 2017. During the last bull market, the price of Dash rose to $444.

The DASH market today did not just suffer from the news from the SEC. Earlier in the day, the broader crypto market had shed some of recently accumulated gains as a correction materialized. This after Bitcoin retreated from its recent pump to above $31,000 and altcoins that had briefly thrived in the wake of Ethereum’s breakout to above $2,100 also cooled off.

While the view is bullish, Bitcoin price prediction suggests a retest of $28,800 as support is possible. In that case, a further dip for DASH could happen and see the price of the privacy-centric token head towards $54. 

The Dash daily RSI indicator is dipping downwards near the 50 mark, while the MACD is showing weakness after last week’s strong move.

The post Dash price prediction: Here’s why DASH is down today appeared first on CoinJournal.