Kategorie: Crypto Markets

Kava’s Ethereum co-chain Alpha testnet was very successful. It produced just under 400,000 blocks and processed more than 162,500 EVM transactions between 12,000+ wallet addresses with no downtime at all, Kava wrote in a post on Medium today.

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

Top places to buy Kava now

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

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

What is Kava?

Kava is a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos. It uses developer-optimized co-chain architecture.

The Cosmos co-chain enables the lightning-speed Tendermint consensus engine and IBC (Inter Blockchain Communication), while the Ethereum co-chain enables support for EVM smart contracts.

A translator module connects these two co-chains, allowing them to interoperate seamlessly. Kava has brought the two most used blockchain development environments together in a single, scalable network.

The KAVA token is the Kava Network’s native governance and utility token. Validators can stake it or delegate it to nodes.

Should I buy Kava today?

Kava 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.

Kava price prediction

CryptoNewsz predicts the Kava.io price can increase from $4.89 to $9.13 on average this year, which is almost 100%. In 2023, Kava will trade in the range of $10-$12. The highest it can go to that year is $12.81.

In 2024, CryptoNewsz expects bullish momentum. Kava will start the year around $12 and might reach an all-time high of just under $15.   

Kava on social media

Burası Kripto Paralar Dünyası..

😁😁😁 #Kava pic.twitter.com/VLlUqjDoaq

— Kripto Cem (@kripto_cem) April 1, 2022

The post You can buy Kava, up 10% on successful ETH Alpha testnet: here’s where appeared first on Coin Journal.

After an extended rally ANC, the 93rd biggest coin by market cap, is starting to reverse gains. It had lost almost 10% at the time of writing.  

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

Top places to buy ANC now

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy ANC with KuCoin today

What is ANC?

Anchor Protocol is a lending and borrowing protocol on Terra, which offers a high yield on stablecoin deposits. The surge in stablecoins’ popularity led to a corresponding surge of the ANC token price. These gains are now starting to recede.

On Anchor, borrowers can turn LUNA collateral into productive assets without relinquishing control. Lenders can deposit their UST and earn attractive rates on their investments while benefiting from low volatility at the same time.

Anchor Protocol has attracted risk-averse investors looking for stable and high-yield investments, increasing demand for Terra’s stablecoin UST. This promotes the adoption of UST and subsequently the adoption of the whole Terra ecosystem in DeFi. 

Should I buy ANC today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.

ANC price prediction

According to Coin Quora, the bullish ANC price prediction ranges from $2.89 to $5. They are positive on its trajectory, predicting it could reach $10 soon. The bearish ANC price prediction is $1.32 for 2022. It’s currently around $3.   

ANC on social media

Buying #ANC at spot#btc #cryptosignal pic.twitter.com/1IyKtMIB3Y

— Crypto Economy (@cryptoeconom) April 3, 2022

The post Anchor Protocol shed almost a tenth of its value: is it time to buy the ANC dip? appeared first on Coin Journal.

Avalanche’s AVAX price is rising at a time when its peers are on a week’s long dip. Avalanche made a sudden surge and hit a daily high of $90.05 before pulling back to around $87.77 at the time of writing.

AVAX is still trading in the green with a 1.67% gain in the last 24 hours.

So, what are the factors behind the current Avalanche price surge? This article delves into explaining the behind-the-scenes causing the price of AVAX to rise when a majority of coins including Bitcoin, and Ethereum are in the red.

Why is Avalanche price ricing?

The reason for today’s Avalanche price surge is Terra Luna Foundation’s announcement that it has added Avalanche (AVAX) to its UST Reserve. Terra went ahead and bought AVAX coins worth $100 million.

The move made Avalanche the second larger 1 solution digital asset to be added to the UST Reserve with the first being Bitcoin.

Terra Luna Foundation made the revelation through a Tweet stating:

2/ The @LFG_org’s OTC deal to add $100 million of $AVAX to the $UST Reserve makes AVAX the first major crypto-asset besides $BTC to be added to the UST Reserve, marking the beginning of a diversified and non-correlated asset pool supporting the $UST peg.

— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) April 7, 2022

Besides, adding Avalanche to its UST Reserve and buying AVAX coins, Terra has also partnered with Avalanche to develop a new gaming subnet using Avalanches subnets. Terra Luna Foundation bypassed Ethereum to choose Avalanche since they believe Avalanche is experiencing rapid growth and it has a wide fan base.

Don Kwon, who is the founder of Terra said:

“Avalanche is still a growing ecosystem…a lot of it is fueled by loyalty to the AVAX token and users feel a lot of affinity with an asset that aligns itself with AVAX. Whereas for the average Ethereum user, aligning yourself with Ether doesn’t really mean that much.”

The team at Terra Luna Foundation also went ahead and tweeted about Terra collaborating with Avalanche on the new gaming subnet stating that “Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.”

6/ In particular, Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.

As a result, Terra and Avalanche will be collaborating on a new gaming subnet – with details to be released at a later time.

— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) April 7, 2022

The above developments have brought the recent AVAX price drop to a halt and made it start rising; something most investors believe could be witnessed for at least the next few days if not weeks.

The post What is making Avalanche’s AVAX price rise as majority of cryptocurrencies dip? appeared first on Coin Journal.

Voyager Digital Ltd., one of the most dynamically growing US cryptocurrency platforms, announced preliminary revenue and user metrics for the last fiscal quarter, which ended on March 31, 2022.

Steve Ehrlich, Voyager’s CEO and Co-founder, announced:

Voyager continued its account growth in the quarter ended March 31, 2022 by adding 115,000 funded accounts which was slightly over a 10% growth from December 31, 2021 and was accomplished during an extremely challenging quarter based upon spot market volume. In the quarter, Voyager delivered on its goal of expanding our products by delivering the first batch of the Voyager Debit Card and adding the Voyager desktop to a significant beta group.  We remain focused on positioning our platform as one of the leading players in digital assets for consumers and expect continued customer growth in 2022.

3.5M verified users, $400M new deposits

Voyager announced key metrics for the last fiscal quarter. They estimate preliminary total revenue for the quarter to be around $100-$105 million. This is down from $164.8 million for the quarter that ended on December 31 last year, but up from $60.4 million y/y.

The crypto platform’s total funded accounts were around 1.2 million, up from 1.075 million on December 31 and 274,000 y/y.

They had around 3.5 million total verified users as of March 31, 2022, up from 3.2 million on December 31 last year and a million y/y.

The net amount of new deposits for the last quarter was approximately $395 million, down from $1.04 billion on December 31.

Steve Ehrlich added:

As discussed at our last earnings call, in 2021 we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated and now in 2022 we have begun to deliver on the expansion of our product suite and will continue to roll out new and enhanced products and services as well as geographic expansion.

 

The post Voyager Digital announces preliminary revenue of $100-105M appeared first on Coin Journal.

The crypto market as a whole is bearish today. UK-listed tobacco firms rose yesterday on the back of a positive trading update from Imperial Brands despite the wider UK100 falling 0.11%.

Top cryptos

Major cryptos had a rough day with Solana dropping around 9% over the past 24 hours, followed by Cardano, Avalanche, Polkadot all falling by more than 7%, and Ethereum and XRP sliding by more than 4% at time of writing. 

Bitcoin was trading above $43,000 at time of writing, down more than 4% over the past 24 hours. Dogecoin reversed yesterday’s gains, falling by 6% today.

Top movers

The situation in the top 100 was similar to that of major cryptos with most tokens falling by around 5%. Axie Infinity was among the bigger losers, shedding 12% of its value. Celo also lost around 12%. 

STEPN is also reversing gains, down 15%. Oasis Network’s ROSE token is down 14%. Audius, the music streaming protocol, lost 13% in the last 24 hours.

Anchor Protocol has gained 11% so far today. This could be on news that Binance is launching a UST staking service in partnership with this ecosystem. 

Binance users can directly pledge UST in the exchange wallet, with the interest rate being the same as the rate on Anchor’s official website, which is 19.63%.

The Mina token, which is said to have copied Cardano’s code, is the only other gainer in the top 100 today. It is up 5%.

Trending

The biggest gainer today is SFK, the token of Safefloki, a play to win game. Its price today is $1.58e-10 and it has gained 520% in the last 24 hours.

The post Highlights April 7: Major cryptos slide, tobacco brands pop as UK100 falls appeared first on Coin Journal.