Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Lido DAO (LDO) token is soaring on the Binance listing

Lido DAO (LDO) token, Ethereum-based decentralized finance (DeFi) platform, has rallied over 25% after Binance announced that it will be listing the token today.

The token will be available for trade-in LDO/USDT, LDO/BUSD, and LDO/BTC pairs and will be live at 11:00 UTC, this will be the first listing of the token by a centralized crypto exchange.

According to DeFi Llama, Lido is among the platform that holds the largest market share in ETH staking (Ethereum staked on Lido is $10.15 billion) and also the second-largest DeFi protocol by total value locked (TVL) which jumped over $20 billion

Lido continues to gain traction

Lido offers staking across Ethereum, Solana, Polygon, Terra, and Kusama, besides, the LDO deposit channel is now open but according to the exchange policy, the traders will have to wait for 24 hours to carry out any transaction. The token listing fee will be 0 BNB.

In addition, the platform (Lido) has been one of the best favored liquid staking platforms lately for Ethereum at a time when there is a growing interest for Ethereum 2.0. However, the token price had experienced a significant drop after the developer delayed the Ethereum merge to the third quarter (Q3).

Although ETH rewards on Lido have been decreasing over time despite its effort to add other assets, this new move for decentralization and Binance listing will be beneficial for Lido users who have been worried about its trend over time.

At the time of writing, LDO was trading at $3.31, up 26.73% in the last 24 hours after retracing from a high of $3.51.

The post Lido DAO (LDO) token is soaring on the Binance listing appeared first on Coin Journal.

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Highlights May 9: NEAR surges on user growth, LUNA loses 10% after UST peg drop

The crypto market is mostly bearish with the majority of top 100 coins in the red at the time of writing. The new reality of heightened recessionary fears and higher interest rates shook crypto markets over the weekend.

Top cryptos

Bitcoin and Ethereum plummeted over the weekend as concerns over rising interest rates and the possibility of a recession escalated. At the time of publication, Bitcoin had lost around 3%, trading just above $33,500. 

Ethereum, the second biggest crypto by market cap, was down 4%, bringing its losses over the past 7 days to 14%.

The rest of the top ten cryptocurrencies were also in the red. Terra’s LUNA dropped by 10% yesterday evening after its stablecoin UST briefly lost its peg to the USD. Its losses for the past 7 days now total 26%.   

Cryptos outside the top 10 did not fare any better, with most down 3-7%. Notable exceptions are Tron and NEAR Protocol, up 3% and 10% resp. 

TRON has been in the spotlight over the past few weeks because of its much anticipated USDD stablecoin.

Its bull run started at the end of April, when the ecosystem announced investment initiatives in Suriname among other exciting developments.

NEAR Protocol reported that 500,000 new accounts had been created on its platform in a single day. NEAR has continued to rally since and was up around 10% at the time of writing. 

Top movers

Outside the top 20, most coins were lower. The biggest losers are Kava (-9%) and Maker, AAVE, and ApeCoin, down around 8% each. 

ApeCoin, which showed great promise, is also one of the week’s biggest losers. It has shed 31% of its value in the last 7 days.  

The top 100 is not without gainers: Monero (+5%), Waves (+4%), XDC Network and ICON (+3% each), and Celo with modest gains of 2%. Monero’s hash rate is over 40% and rising. 

Trending

The biggest winner today is MetaPay, which is trading for $0.000034 and has gained 547% in the last 24 hours. MetaPay is a token that can be used to shop in the Metaxion metaverse. 

The post Highlights May 9: NEAR surges on user growth, LUNA loses 10% after UST peg drop appeared first on Coin Journal.

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SafeFloki is skyrocketing, up 576% in 24 hours: Top places to buy SafeFloki

The live SafeFloki price today is $1.76e-10 with a 24-hour trading volume of $68,853. Its price surged dramatically early this morning. 

Look no further than this short article for all the details about SafeFloki: what it is, is it worth investing in, and the best places to buy SafeFloki now. 

Top places to buy SafeFloki now

As SFK is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SFK using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SFK right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for SFK

Now that you’re connected, you’ll be able to swap for 100s of coins including SFK.

What is SafeFloki?

Safe Floki is a new play-to-earn game and community project inspired by Safemoon and Floki. Bringing these two communities together is at the heart of the team’s mission for the two tokens.

The combined market value of both currencies is more than $10 billion. The project’s short term goal is to merge 1% of that audience, creating value for 50,000+ holders and $100+ million in value. 

By focusing on the initial one percent, they believe they can bring more people together. The project’s official website states the rather broad goal of making “the community come together for the good of all humankind and animals.”

Should I buy SafeFloki today?

According to some CoinMarketCap users, they are having difficulty selling their coins. Others say the project is a scam. In every event, nothing can substitute doing your own research. Consider how you would feel about losing money. 

SafeFloki price prediction

Price Prediction does not believe the price of SafeFloki will reach $0.00000001 before 2029. 

SafeFloki on social media

The post SafeFloki is skyrocketing, up 576% in 24 hours: Top places to buy SafeFloki appeared first on Coin Journal.

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Project Galaxy coin rises on multiple listings: here’s where to buy Project Galaxy

FTX, KuCoin, and a few other leading exchanges recently listed Project Galaxy. What’s more, Binance announced a promotion, starting today and running until May 13. 

All users who accumulate a net deposit of at least 50 GAL, the native token of Project Galaxy, or trade at least 35 GAL across the eligible GAL spot trading pairs will share a prize pool of $60,000 in GAL token vouchers. 

The token added almost 10% to its value today. If you are attracted to unique features and want to learn how and where to buy Project Galaxy, this guide is for you. 

Top places to buy Project Galaxy now

FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

Buy GAL with FTX today

What is Project Galaxy?

Project Galaxy is one of the leading Web3 credential data networks. Built on open and collaborative infrastructure, Project Galaxy helps Web3 developers and projects leverage digital credential data and NFTs to build better products and communities.

Project Galaxy provides the infrastructure for community members to curate and contribute digital credentials to the Galaxy Credential Data Network. The infrastructure supports curating credentials through multiple data sources. 

Should I buy Project Galaxy today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

Project Galaxy price prediction

Digital Coin Price predicts serious growth from the current $15.75. Its forecast is below:  

  • 2022: $20 – $22.42
  • 2023: $21.61 – $26
  • 2024: $20.11 – $29.64
  • 2025: $28.12 – $35.60

Project Galaxy on social media

The post Project Galaxy coin rises on multiple listings: here’s where to buy Project Galaxy appeared first on Coin Journal.

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Iconic rapper Ice Cube joins the Dogecoin bandwagon

Ice Cube (O’Shea Jackson Sr), an iconic rapper, has joined the Dogecoin bandwagon endorsing an “incredible and historical” DOGE transaction. His entry into the Dogecoin world is closely related to the BIG3, a basketball league he co-founded. 

BIG3 features former NBA stars in a three-on-three formation as opposed to the usual five-on-five basketball games.

Last month, BIG3 launched a new ownership league model which allows each of the 12 teams to sell their tokenized stakes. Each team is allocated 1000 Non-Fungible Tokens (NFTs) that is, 975 ‘’Gold’’ NFTs worth $5,000 each, and 25 ‘’Fire’’ NFTs at $25,000 each.

On Wednesday, Bill Lee, MyDoge wallet co-founder, tweeted to Ice Cube “if ya dig DOGE, me and the DogeArmy will take one as well,” referring to Ice Cube’s previous post that Snoop Dogg was purchasing two teams.

Replying to Lee, Ice Cube tweeted “come on wit it Bill, you know i’m down with the DogeArmy.”

Although it’s not clear how serious Ice Cube is with the DogeArmy, BIG3 on the same day announced in a press release that Lee bought all the 25 ‘’Fire’’ NFTs worth $650,000 (4.86 million DOGE) for the ‘’Alien’’ team using DOGE.

Ice Cube described this as an ‘’incredible and historical ‘’ transaction while BIG3 called it the “largest commercial transaction in history” of DOGE.

The ‘’Fire’’ NFTs signify utility benefits and the higher end of ownership like voting rights, names, game management, merchandise, and licensing rights for team logos or voting rights and intellectual property. Additionally, if the owner sells their ‘’Fire’’ NFT, they get a 40% sale cut-off.

In an announcement, Lee also delved into the NFT projects slightly saying:

“While others are buying NFT images of apes and owls, I believe that NFTs with utility are the next frontier. It is a dream to own a basketball team and the BIG3 is shifting the NFT game by offering ownership rights such as licensing/IP, team voting/management, and merchandising.”

The post Iconic rapper Ice Cube joins the Dogecoin bandwagon appeared first on Coin Journal.