Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Highlights April 18: Decred jumps 17% against gloomy market backdrop

The crypto market as a whole was mostly lower, with the majority of top 10 cryptos registering losses over the past 24 hours. 

Top cryptos

Bitcoin lost around 3% of its value and was priced at $39,000 at the time of writing. Other cryptos were also lower, including Ethereum and XRP, down 5% and 6%, respectively. Cardano registered losses of 7%, making it the biggest loser in the top 10. 

Top movers

Almost all top 100 coins were in the red at the time of writing. Against this background, the Decred price jumped sharply, reaching an all-time high since January 22 this year. 

Decred is a protocol created to facilitate open governance, community interaction, and sustainable funding policies. One of the likely reasons for its surge is the recent consensus changes its members have approved. 

Some of the most recent votes were related to automatic ticket revocation, reverting treasury expenditure policies, and concrete version upgrades. Another reason is the increasing demand for privacy tokens.

The only other coin in the green was Stacks, with gains of 6%. Ryder recently announced the launch of an NFT collection, and minting prices are in STX, Stacks’ native token. Web3 wearables and a social wallet are also in the works. 

On the other end, Kyber Network’s KNC token shed 12% of its value. Zilliqa, Waves, EOS, and Filecoin are also reversing recent gains, each down around 10%.

Trending

The biggest gainer today is Metacyber, a virtual blockchain-based metaverse set in a space where one can explore, play, trade, and socialize with other players. Its in-game currency and utility token METAC is up 629% in the last 24 hours. 

The token can provide access to an abundance of virtual assets, upgrades, and services in the Metacyber ecosystem.

The post Highlights April 18: Decred jumps 17% against gloomy market backdrop appeared first on Coin Journal.

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AEX lists FLUX, announces $30K giveaway

AEX, one of the earliest digital asset exchanges, has listed FLUX, the exchange posted on its website. The FLUX/USDT spot trading pair will open at 09:00 UTC on April 16. 

The following events will precede the official opening. 

Deposit event 

During the deposit event, users can net recharge any amount of FLUX, and the rewards will be disbursed according to the share of the net recharge. The total reward pool is equivalent to $5,600 in the Global AEX Token (GAT). Rewards will be charged on a first-come, first-served basis while stocks last.

FLUX Trading Contest 

The next event is the FLUX trading contest. Any user who has a transaction behavior in the FLUX/USDT currency exchange pair can qualify. The winner gets the equivalent of $3,000 in GAT. Those ranking from second to fifth will share a GAT equivalent of $3,000.

Telegram AMA Promotion 

The second to last event involves a $400 FLUX giveaway, to be split by two people. They will compete in the AMA Q&A interaction in the official AEX English Telegram group.

Finally, there is the FLUX Official Group Promo, where users in the FLUX official group forward the FLUX event poster to the project group and fill in the form to share a $200 FLUX airdrop reward.  

About AEX

As one of the first digital exchanges in the world, AEX has always played a critical role in token trading and circulation. It has gradually evolved its positioning from the original transaction matchmaker, with the market growing in size and various cryptocurrency derivatives emerging in recent years. AEX has become a global digital asset management service provider that advocates stable asset appreciation and safe investment.

About GAT

GAT is a globalized universal credit token launched by AEX. It was trading for $0.06 with a 24-hour trading volume of $29.3 million at the time of writing.

About FLUX

Flux reflects the latest generation of scalable decentralized cloud infrastructure. It is said to allow users to develop, manage, and spawn applications on multiple servers.

The Flux Ecosystem is a fully-operational suite of decentralized computing services and blockchain-as-a-service solutions, which offer an interoperable, decentralized, AWS-like development environment. 

FLUX was trading for $1.48 with a 24-hour trading volume of $11.6 million at the time of writing.  

The post AEX lists FLUX, announces $30K giveaway appeared first on Coin Journal.

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Robinhood CEO: DOGE can become the ‘currency of the internet’

Robinhood CEO Vladimir Tenev believes Dogecoin (DOGE-USD) can become the day-to-day “currency of the internet.”

According to the Robinhood chief, all it might take are a few improvements that could turn the meme coin into a faster and even cheaper payment currency. 

He outlined his thinking via a Twitter thread, providing some suggestions on what Dogecoin developers could look to implement to make DOGE the “people’s currency.”

Increase block size,  reduce block time

Tenev says Dogecoin’s transactions fees are already “vanishingly small” after last November’s 1.14.5 update. The network’s average transaction fee o $0.003 is way smaller than the up to 3% charged by leading card payment providers.

In that case, he proposes that what needs to improve is DOGE’s block size and block time. Doing this, he notes, could see Dogecoin increase its total throughput to levels currently achievable by Visa.

Tenev points out that as it stands, Dogecoin’s throughput is around 40 transactions per second (TPS). Granted, this is down to the cryptocurrency’s 1MB block size and 1 minute block time.

In comparison, Visa can handle up to 65,000 TPS. To outperform VISA, Dogecoin needs to increase its throughput 10,000 times. Looks might like a massive ask. However, the Robinhood executive believes DOGE devs can easily solve this by increasing the block size.

“Moving to a 1GB (and later 10GB) block size limit would provide all of the throughput a global currency would need for the foreseeable future. L2 solutions are not necessary to solve this problem,” he noted.

What about adopting a fixed money supply model?

Dogecoin devs should also explore how to make Dogecoin less inflationary as it is at present, he added. This, he said, could be done by adopting a finite supply, much like Bitcoin (BTC)’s 21 million cap. If this were the case, Dogecoin’s inflation rate could reduce over time.

The current supply of 132 billion DOGE works out to an inflation rate above 5%. Tenev opines that having a fixed supply could reduce that to 2%.

Some of the suggestions have already attracted criticism on CT, especially around the increase of the block size likely at the expense of decentralisation.

But the trade-off is…

Tenev admits a 10GB block size could require more sophisticated hardware from miners if they are to run a full node, something that might see some enthusiasts unable to participate in securing the network. This, according to some observers, is unacceptable given it would lead to a more centralised network. 

Tenev suggests that this could be the trade-off Dogecoin developers might have to bear in mind if they choose to consider his take.

The post Robinhood CEO: DOGE can become the ‘currency of the internet’ appeared first on Coin Journal.

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Top places to buy DESO, the first open-source protocol scaling social dApps

If it were up to Elon Musk, social media would be full decentralized in the future. He is dead set on achieving this and ecosystems like Decentralized Social (DESO), which are working tirelessly toward the same goal, are gaining as a result.    

This brief guide has everything you need to know about the DESO coin, including whether and where to buy DESO if you choose.

Top places to buy DESO now

What is DESO?

DESO is the coin of a new type of blockchain designed to power Web 3.0 decentralized social networks. Since its inception in 2019, it aims to solve the problems created by present social media centralization.

Today, a handful of private companies effectively control public discourse, earning monopoly profits; meanwhile, the creators who actually produce the content are often underpaid and under-engaged. 

In contrast, DESO’s social blockchain treats social media content as a public utility, making it permissionless and available to anyone. 

It combines the paradigm of open P2P financial system offered by cryptocurrencies with an efficient and scalable database infrastructure, tailored to usher in the next generation of social Web 3.0 networks. 

Should I buy DESO today?

DESO 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. 

DESO price prediction

Digital Coin Price is quite bullish on DESO, making the following forecast:

  • 2022: from $54.54 to $62.81
  • 2023: from $58.97 to $69.34
  • 2024: from $54.43 to $75.29

DESO on social media

The post Top places to buy DESO, the first open-source protocol scaling social dApps appeared first on Coin Journal.

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You can buy Propy, who created the world’s first real estate NFT: here’s where

Propy is a leading innovator in the real estate industry that automates transactions. After its Tampa condo NFT was sold for 215,000 USDC, its token PRO went up 27%. The NFT is live on the blockchain now. 

The Tampa NFT was the world’s third real estate property NFT. There were over 1,000 people on the waitlist. 

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

Top places to buy Propy now

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

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

What is Propy?

Propy, a company supported by Silicon Valley leaders and the National Association of Realtors, is revolutionizing the real estate industry by deploying a novel technology.

Propy was built with the vision to automate the real estate sales process. The Palo Alto-based company is introducing the technology to allow entirely online and self-driving real estate transactions on smart contracts.

They are automating the closing process for all participants to make it faster, easier and more secure. Their products help brokers, agents and title companies migrate to paperless remote closing. 

Should I buy Propy today?

Propy 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. 

Propy price prediction

Price Prediction is moderately bullish on Propy, forecasting that it will trade for at least $2.86 in 2023. The Propy price can reach a maximum level of $3.31 with the average price of $2.95 throughout 2023.

The price of Propy will range from $4.30 to $5.02 in 2024 and go up to a minimum of $6.26 in 2025.

Propy on social media

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