Kategorie: Crypto Markets

ApeCoin broke out of the resistance pattern line as whales bought it up, adding around 32% to its value today. It also announced a free NFT giveaway. The crypto was trading for $16.47 at the time of writing.

If you want to know what ApeCoin is, can it give you good returns, and the top places to buy ApeCoin, you’ve come to the right place. 

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 the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries.

62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.

ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.

Should I buy ApeCoin today?

ApeCoin 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. 

ApeCoin price prediction

Changelly predicts a moderately bullish and variable price trajectory. In 2023, they expect the ApeCoin price to stay at an average of $55. In 2024, it will drop down to $45. Its average will be $60 the following year. 

ApeCoin on social media

#APECOIN TO THE MOOON🚀🚀🚀🚀🚀🚀 pic.twitter.com/GR6BQWffJM

— Apecoin Whales 🐳 (@apecoinwhales) April 20, 2022

The post Best places to buy ApeCoin, which is soaring on whale purchases appeared first on Coin Journal.

While the majority of the coins are making significant gains, Atari Token (ATRI) is nose diving.

At the time of writing, Atari Token is trading at $0.012993 after hitting a daily high of $0.0183 and a daily low of $0.01112.

But why is the token price dropping? In this article, we will focus on all the possible reasons for the downtrend.

Why is Atari Token price plummeting?

Before we go into the details as to why the token is dipping, let’s first understand what Atari is.

Atari Token is a decentralized cryptocurrency launched on the Ethereum blockchain to establish a universal mode of payment in the Atari video gaming space as well as allow publishers and developers to have a new way of monetizing their products.

Let’s now take a look at why is the token price tumbling.

Atari terminates its partnership with ICICB Group

One of the main reasons for the dip is the Atari, the gaming company, announcement in a news release that it has terminated its partnership with ICICB Group.

 The two companies had teamed up to launch the crypto and also Atari branded hotels across the globe.

This was back in 2020 when the hotels had announced that they will be accepting ATR as a mode of payment, where the gaming brand was to receive a 5% cut-off of all the revenues from the business venture with each venue set to offer immersive video game theme.

This was a big blow to the crypto and its holders. Following the news, the token has been on a downtrend.

However, it’s not clear what altered the deal, but the covid 19 pandemic might have contributed to some length of their plans to build extravagant accommodations worldwide.

Atari told the investors that the ICICB group is not authorized to represent the Atari brand on any of its official websites, social media channels, or whitepapers.

Reimbursing its holders

Despite all that, On Monday afternoon, April 18, 2022, a snapshot of all the ATRI holders was taken and a new exchange platform will be launched at a later date, therefore investors don’t have to worry.

 

The post Why has Atari Token (ATRI) dropped by over 25% today? appeared first on Coin Journal.

SAND price has been rising since April 17 and the bullish trend is gaining momentum every day.

At the time of writing, SAND was trading at $2.94; up 11.18% in the last 24 hours. It has hit a daily high of $2.99 and a daily low of $2.61.

Currently, its trading volume is $522.46 million which is much higher than the one it had on April 17 trading volume of $225.07 million.

In this article, we will focus on the factors causing the price of SAND to rally.

Why is SAND price rising?

Before we go into the details of the current price rally, let’s first lay a state what is The Sandbox and what is SAND.

The Sandbox is a blockchain-based online game owned by Amonica Brands Corporation that allows users to create, sell and buy digital assets. It was launched in 2011 and SAND is its native token.

Now onto the reasons behind the current rally.

Plan to raise $400 million

One of the main reasons that have attributed to the current price upswing is Bloomberg comment that the team behind the The Sandbox is planning to raise another $400 million; something that will see its valuation jump to $4 billion from both existing and new investors.

It is important to note that The Sandbox had a similar fundraising project in November last year 2021, where it was able to raise $93 million led by Softbank. 

However, the team has not yet set the grounds on which the fundraising will be carried out since this will be influenced by the markets.

The Sandbox gameplan

This time round The Sandbox has a clear game plan for having its Metaverse platform. 

Besides, The Sandbox had attracted prominent organizations like HSBC, a British banking organization, where they had partnered earlier this year after the organization was interested in buying a virtual real estate, LAND.

Rumors of The sandbox conducting an IPO

There have been rumours of The Sandbox conducting an Initial Public Offering (IPO), but The Sandbox Co-founder and chief operating officer, Sebastien Borgen disapproved the rumors.

The post $SAND price has gained more than 10% today: here is why appeared first on Coin Journal.

BNB Chain has successfully burned over 1.8 million BNB tokens in a transaction completed on 19 April 2022.

Per data from Binance explorer, the transaction saw 1,830,382.48 BNB burned. The market value of the tokens at the time of the burn was over $772 million.

🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 1,830,382 #BNB (772,363,806 USD) burned at #Binancehttps://t.co/x1VxRpqgt1

— Whale Alert (@whale_alert) April 19, 2022

Binance CEO Changpeng Zhao had earlier confirmed the removal of the over 1.8 million BNB. He also acknowledged the successful burn, stating that this activity is part of BNB’s whitepaper.

$741,840,738 worth of #BNB will be taken out of circulation soon.

Real time info: 👇https://t.co/BikWciOHY7#BNB is deflationary. If you don’t know what that means, you lack basic financial knowledge to get lucky in this world. Harsh but true. Time to learn.🙏

— CZ 🔶 Binance (@cz_binance) April 19, 2022

19th BNB Burn

This was BNB’s 19th burn (for Q1 2022) after Binance adopted an auto burn system that automatically triggers from an on-chain command.

The auto burn system allows for a planned removal of BNB from circulation and takes into account the coin’s price and total blocks generated in the given quarter on the Binance Smart Chain. For Q1 2022, the total number of blocks was 2581627, with the average price at $403.22.

During the 18th burn, over $729 million worth of BNB was removed from circulation.

The next burn is estimated to also see 1.8 million BNB (estimated at $769 million) taken out of circulation. According to data on the BNB Chain, the 20th burn is expected to occur at an average price of $424.59.

BNB Chain plans to reduce the total supply from 200,000,000 BNB tokens to 100,000,000. As of the latest burn, a total of over 34.6 million tokens have been destroyed. Data shows the circulating supply is currently just over 165.3 million.

BNB was trading at $420 at writing time, with the token’s value up by 4.4% in the past 24 hours. BNB/USD has added nearly 7% in the past week.

The post BNB Chain burns $772M worth of BNB appeared first on Coin Journal.

The crypto markets were higher this morning, with the majority of the top 10 cryptos registering gains over the past 24 hours. The dire predictions of a market crash, made by Fortune and other leading media, have not materialized. 

The announcement that Russia might accept crypto as legal tender has not impacted the markets as much as expected. 

Top cryptos

Bitcoin climbed around 5%, trading above $40,000 at the time of writing. Ethereum was up around 4%, and Cardano, XRP, and Solana all recorded gains of around 5%. 

The biggest gainer in the top 10 is Terra, up 15% at time of writing. Terra announced the introduction of self-repaying loans and its stablecoin UST surpassed its rival BUSD, Binance’s stablecoin, by market cap. 

At #16, NEAR Protocol is up 13%, once again picking up a recent bullish trend. 

Top movers

Outside the top 20, ApeCoin jumped around 9%. Most other cryptos also registered gains. All top 100 coins are in the green except Stacks and Decred, which were the only two in the green yesterday. 

The biggest winners are ICON and the Sandbox’ SAND wth 12%, Loopring with 11%, Zcash with 15%, and THORChain with 16%. Privacy coins are increasing in value.  

STEPN’s GMT token is the biggest gainer by far, having added 40% to its value at the time of writing. Stepn announced a revised GEM (mystery box) system and reached the important milestone of 300,000 DAU (Daily Active Users). 

Recently, they launched STEPN x ASICS NFTs, a unique collection of NFT sneakers in partnership with premier sports brand ASICS. It is available on Binance’s NFT marketplace. All of these factors contributed to spectacular price growth.

Trending

Another canine-themed token, Sanji Inu, is making the rounds. It’s up 842% in the last 24 hours. 

Sanji Inu is broadly described as a community driven platform promoting financial well-being by empowering people of all ages and cultures to be in control of their money and create their own wealth opportunities.  

The post Highlights April 19: Cryptos in the green despite bearish prognosis appeared first on Coin Journal.