Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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ApeCoin rallies over 10% today after Yuga Labs cancels Otherside Auction

ApeCoin has rallied over 10% amid a surge in purchases by investors and whales and the rising popularity of Yuga Labs’ metaverse project, the Otherside.

At the time of writing, ApeCoin was trading at $22.86, up 13.39% after dropping from a daily high of $26.91.

The cancelation of the Otherside Auction by Yuga Labs has been the greatest reason why the price of ApeCoin, a cryptocurrency launched by Yuga Labs, is rising today.

Otherside Auction cancellation by Yuga Labs

Yuga Labs Otherside metaverse project has called off its planned Dutch auction for the Otherside metaverse project land sale. The decision was reached after they failed to get a balance between the gas fees and the demand for NFTs.

During Dutch auction-style sales, prices are determined after analyzing all the possibilities of the total offering reaching the highest price.

Otherside announced via Twitter that the gas fee war had increased with Dutch sales. There was also speculation that the high demand for Otherdeed (BAYC’s new project) NFT mint, would drive the gas fees even higher as the number of NFTs minted increases.

Reducing gas fee of Otherdeed NFTs 

To reduce the massive gas fee, there is a need to reduce the high gas fee without lowering the wide distribution of the NFTs, therefore there will be a limit of minting only 2 NFTs per wallet when the sale starts but the rate will be increased as the minting process continues.

The cost of each Otherdeed NFT will be 305 ApeCoin (APE) and 55000 Otherdeed will be made available for purchase by Know Your Customer (KYC) wallets, however, users will have to complete the KYC to participate in the sale.

The price of each NFT was also featured in the Otherside teaser video, the ‘’305’’ figure is also the code for Miami.

The post ApeCoin rallies over 10% today after Yuga Labs cancels Otherside Auction appeared first on Coin Journal.

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MobileCoin adds 47% to its value on Binance listing announcement: top places to buy MobileCoin

The world’s biggest exchange by trading volume is officially listing MobileCoin (MOB) at 10:00 (UTC) today, which is just 30 mins from now at the time of publication! The trading pairs available for this coin will be MOB/BTC, MOB/BUSD, and MOB/USDT.

If you are attracted to unique features and want to learn how and where to buy MobileCoin, this guide is for you. 

Top places to buy MobileCoin now

If you want to strike while the iron is hot, you should grab some MOB now before it goes live on Binance. Once that happens, its price is likely to spike dramatically. 

How to do that? 

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 MOB with FTX today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy MOB with Bitfinex today

What is MobileCoin?

MobileCoin is the first carbon negative cryptocurrency. It’s designed to be used as digital cash on your phone. The MobileCoin Foundation coordinates and encourages a global community of developers working together to co-create the simplest possible encrypted payments network.

The platform boasts easy wallet recovery. You can recover your wallet if you lose your phone without trusting a provider with your private keys.

The entire ledger is opaque, individual transactions are cryptographically protected, and the network uses forward-secrecy.

Most transactions take less than ten seconds, so payments happen instantly. Last but not least, the platform is environmentally friendly, providing intuitive security at scale without electrical waste. 

Should I buy MobileCoin 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. 

MobileCoin price prediction

Digital Coin Price is bullish on MOB. It was trading for just over $5 at the time of writing. Their prediction is as follows:

  • 2022: $6.47 – $7.59
  • 2023: $7 – $8
  • 2024: $6.50 – $10
  • 2025: $9.11 – $11  

MobileCoin on social media

The post MobileCoin adds 47% to its value on Binance listing announcement: top places to buy MobileCoin appeared first on Coin Journal.

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Best places to buy ApeCoin, which gained 13% in 24 hours

The price of ApeCoin has been rising steadily as voting on its DAO governance goes on. Voting will conclude on May 4. 

Will ApeCoin’s price continue to increase until then? This article attempts to answer this and many other pertinent questions, including where to buy ApeCoin.    

Top places to buy ApeCoin now

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

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro 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 ETH 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 Uniswap DEX

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

4. You can now swap your ETH for APE

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

What is ApeCoin?

ApeCoin is a utility and ERC-20 governance token used within the APE Ecosystem to empower and incentivize a decentralized community. ApeCoin holders are self-governed via the decentralized governance framework controlling the ApeCoin DAO.

They vote on how to allocate the ApeCoin DAO Ecosystem Fund among other things. The APE Foundation administers proposals agreed upon by ApeCoin holders.

APE is the APE Ecosystem’s governance token. It allows holders to take part in ApeCoin DAO and gives participants an open and shared currency they can use without centralized middlemen. 

Almost two-thirds of all ApeCoin was allocated to the Ecosystem Fund to facilitate community-driven initiatives as voted on by DAO members.  

Should I buy ApeCoin today?

ApeCoin can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value. 

ApeCoin price prediction

At the time of writing, APE was trading for just under $23. According to Crowd Wisdom, the outlook is positive (to an estimated 72%). 

APE is expected to reach at least $30 this year, and more than double that – $64 – in 2025.  

ApeCoin on social media

The post Best places to buy ApeCoin, which gained 13% in 24 hours appeared first on Coin Journal.

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Nexo is up 14% on news of a Binance listing: here’s where to buy Nexo

Binance will list NEXO today at 10:00 UTC, which is when trading will open for NEXO/BTC, NEXO/BUSD, and NEXO/USDT pairs.

The live Nexo price today is $2.45 with a 24-hour trading volume of $51.3 million. If you want to know what Nexo is, can it give you good returns, and the top places to buy Nexo, you’ve come to the right place. 

Top places to buy Nexo now

If you want to get ahead of the game, you may wish to buy some NEXO tokens before the listing goes live. 

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

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro 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 ETH 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 Uniswap DEX

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

4. You can now swap your ETH for NEXO

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

What is Nexo?

Nexo is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Users deposit an accepted token as collateral to receive a loan in the form of a fiat currency or stablecoin.

When Nexo’s native token is locked in the platform, it grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from Nexo’s profits.

Nexo is the first-ever provider of instant cryptocurrency-backed loans according to its whitepaper and it intends to solve inefficiencies in the lending market. Its automated lending process uses smart contracts and an oracle on the Ethereum blockchain to manage loans. 

Should I buy Nexo today?

Nexo can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

Nexo price prediction

Wallet Investor expects a long-term increase, predicting Nexo will be worth $7.4 in April 2027. With a 5-year investment, the revenue is expected to be around +203%. A $100 investment may be up to $303 in 2027. 

Nexo on social media

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Here’s why the STEPN coin has gained over 20% today

STEPN, move to earn lifestyle app native token, has gained over 20% hitting a new all-time high today.

At the time of writing, STEPN is trading at $4.03, up 22.22% after retracing from a daily and all-time high of $4.11.

Let’s now look at what is behind the current price gain today.

STEPN listing on Coinbase

STEPN listing on US-based crypto exchange, Coinbase, is one of the reasons for the gain today since they will be able to trade on the exchange platform. 

STEPN’s native token GMT and its other Green Satoshi Token (GST) where players earn after jogging, running, and walking outdoor with STEPN NFT sneakers.

Today’s uptrend of the GST and GMT markets is also part of the entire rally that started in early March of this year, 2022, with the move-to-earn industry acting as the catalyst for the tokens’ value, the tokens are rewarded to active players.

STEPN’s economic model has been revolving around selling nonfungible token (NFT) shoes as well as using the gained profits to buy the tokens back for burning.

How players use STEPN tokens

STEPN tokens help players to level up, repair, and mint their NFT sneakers as well as sell them on its app marketplace.

Besides, Players have been sharing the screenshots of their profiles where they featured their physical activities as well as the GST rewards earned.

In addition, OpenSea, the leading NFT marketplace has also added the STEPN sneakers collection to its marketplace to provide more avenues for STEPN NFT owners to resell them.

The move-to-earn tokens are also similar to play-to-earn projects like Axie Infinity (AXS).

The post Here’s why the STEPN coin has gained over 20% today appeared first on Coin Journal.