Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Near Protocol (NEAR) jumps over 8%: here’s the reason why

NEAR price has rallied by over 8% and it’s still green. It is currently trading at $17.46 after dropping from a high of $ 17.90 in the last 24 hours.

But why is the price of NEAR skyrocketing? In this article, we will take a deep dive into the reasons behind the rally.

Why is NEAR price surging?

Before we delve into the current uptrend, it is important to first explain what NEAR and Near Protocol are. 

In a nutshell, Near Protocol is a community-built blockchain with advanced network operability and a faster transaction speed, and NEAR is its native token.

Now onto the reasons behind the bullish trend.

There are a number of reasons that have resulted in the current price surge putting the coin in the spotlight. The two main reasons are the recent $4.5 million fund round by Trisolaris and Increased interest in altcoins among crypto investors.

  • $4.5 million fund round by Trisolaris

One of the main reasons for the price hike is the recent news that Trisolaris, Near Protocol’s decentralized exchange, managed to raise $4.5 million in its latest fund round. The funding was led by Electric Capital in partnership with Dragonfly Capital, Ethereal venture, Leminscap, and Jump Crypto.

The exchange aims to apply new capital in order to increase and expand the total liquidity on the platform and also hire more people to establish cross-chain swaps with the token.

Besides, the token is being widely deposited on the exchange. However, the news seems to favor Wrapped Near (WNEAR), an encrypted form of the token that is used to trade on Trisolaris, more than NEAR.

NEAR hit an all-time-high after $150 million funding in a past funding round that was led by Three-Arrow Capital and other major crypto funds like Alameda, Dragonfly, and a16z in January.

  • Increased interest in altcoins by investors

NEAR has also benefited a great deal from the rising interest in altcoins, especially during the altcoin season that has seen most of the altcoins register significant upwards price movements.

The post Near Protocol (NEAR) jumps over 8%: here’s the reason why appeared first on Coin Journal.

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Highlights April 5: Major Bitcoin miner open to acquisition

The crypto market as a whole was mixed today. Fred Thiel, the CEO of Marathon Digital Holdings – the largest Bitcoin mining company, said he would be open to acquisition if the price is right.

Housebuilders shone yesterday on what was an otherwise uneventful day for the UK100.

Top cryptos

Solana was down more than 2% over the past 24 hours with most major cryptos registering minor gains or losses. Bitcoin was trading just above $46,700 at time of writing, up more than 1% over the past 24 hours.

Dogecoin is up 5%. It usually gains whenever Elon Musk is in the news, which he last was for buying 9.2% of Twitter shares worth $2.9 billion. He became the social media giant’s biggest stockholder as a result, and the shares gained 27%.

Top movers

The top movers of recent days are reversing gains. Waves is down 22%, Zilliqa 10%, and Stepn – 6%. At the other end, Celo is up 20%, Mina is up 8%, and Oasis Network gained 6%.

Celo has been rising since the Celo Connect global networking event started in Barcelona yesterday. 

Audius, a decentralized music sharing ecosystem, is rallying on news of renaming the iconic Red Rocks Amphitheater near Denver to the Audio Amphitheater. Its native coin AUDIO added 12% to its value today.  

Trending

En-Tan-Mo’s token ETM is up 373% in the last 24 hours. It describes itself as a next-gen public blockchain project, which is said to implement SHD completeness and be based on the concepts of value transfer and Nash equilibrium.

The post Highlights April 5: Major Bitcoin miner open to acquisition appeared first on Coin Journal.

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Here’s the reason why Dogecoin price has been surging in the last three weeks

The price of Dogecoin has risen by more than 36% over the last three weeks. As of March 13, DOGE was trading at $0.1116 compared to today’s price of $0.1525.

The bullish trend has continued into this week. The meme coin started the week on a 2% surge in the early hours of Monday morning before slightly pulling back in the rest of the day. Today, on Tuesday, its price had registered a 5.67% rise at the time of writing.

In this article, we shall focus on why the Dogecoin price is rising.

Why is Dogecoin (DOGE) price rallying?

Dogecoin has been in the limelight for a variety of reasons. However, one among them stands out and that is its association with SpaceX and Tesla founder, Elon Musk. Musk has been a major champion for the meme coin and one of his companies, Tesla, now accepts $DOGE as payment for its merchandise.

Yesterday, Monday, April 4, 2022, Elon Musk purchased 73, 486,938 Twitter shares worth about $3 billion making him the largest Twitter shareholder.

Prior to the move, Musk had criticized Twitter for transparency and freedom of speech issues.

The tweet criticizing Twitter had come after Elon performed a survey asking people whether they believed Twitter rigorously adheres to the principle of “Free speech is essential to a functioning democracy.”

$DOGE tips on Twitter

After Elon Musk purchased the Twitter Shares and became the largest shareholder in the company, the Twitter community went crazy with most people suggesting that people should expect Musk to introduce $DOGE tips on Twitter.

This notion by people that since Elon Musk owns Dogecoin and has now purchased Twitter, he may try and integrate the two has created a lot of attention for Dogecoin leading to an increased trading volume and a hike in its price.

Twitter venturing into dApps

Elon’s purchase comes at a time when the platform is venturing into decentralization. Last year in November, Twitter announced that it had launched a crypto dedicated team that will direct all its energy on Twitter venturing into the dApps space.

Tess Rinearson, Twitter Crypto leader, was given the responsibility of setting the strategy for the future of crypto on Twitter as the team works on exploring how to incorporate decentralized technology and its infrastructure.

All these developments come amid Crypto enthusiasts’ push for decentralized social media platforms.

A thought experiment penned by Orange Paper showed that if Bitcoin’s invention preceded that of Twitter, then Twitter’s evolution would have followed the path of crypto decentralization a long time ago.

The post Here’s the reason why Dogecoin price has been surging in the last three weeks appeared first on Coin Journal.

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Top places to buy COTI, which added 6% to its value

The live COTI price today is $0.32 with a 24-hour trading volume of $169 million. COTI is up 5.52% in the last 24 hours.

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

Top places to buy COTI now

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

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

What is COTI?

COTI bills itself as the first fintech enterprise-grade platform that allows organizations to digitize currency and create their own payment solutions in order to save time and money.

It’s one of the first protocols in the world that is optimized for decentralized payments and can be used by stablecoin issuers, governments, merchants, and payment dApps.

The first app is COTI Pay, marketing itself as a fully encompassing financial tool on the blockchain. COTI’s ecosystem is designed to rise to the challenges associated with conventional finance, including high fees, risk, latency, global inclusion and more.

To achieve this, COTI introduced the DAG-based protocol and fully private, fast, scalable, and inclusive infrastructure.

The ecosystem also has a universal payment gateway and solution and a proof-of-trust consensus algorithm.

Should I buy COTI today?

Coti 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.

COTI price prediction

CryptoNewsz predicts COTI will trade for at least $0.40 next year, but it’s more likely to reach $0.48. In 2024, the minimum trading price is predicted to be $0.37. The maximum COTI can go up to is $0.53.   

COTI on social media

The post Top places to buy COTI, which added 6% to its value appeared first on Coin Journal.

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Highlights April 4: Solana up 22% in the past week, real estate outperforms

The crypto market as a whole is mixed today. Major cryptos registered minor gains and losses over the last 24 hours.

US real estate stocks outperformed all other sectors last week as the Federal Reserve warned of a “brewing US housing bubble”.

Ocado Group led the UK100 last week, with the online supermarket gaining 10.28% as investors sought to buy the recent dip in the online supermarket’s share price.

Top cryptos

Cardano was up 2%, followed by BNB gaining 1.5%, while Avalanche was down 2%. Solana dropped around 1.5%, having gained more than 22% over the last seven days.

Bitcoin was trading just above $46,000 at time of writing, down slightly less than 1% over the past 24 hours.

Top movers

Moonbeam is up 26% as it approaches the maximum amount of tokens that can be minted. Oasis added 15% to its value.  

CELO, the eponymous cryptocurrency of the blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users, is the 66th biggest coin by market cap. It added around 12% to its value today.

Mina gained 10% today. Internet Computer is up 7%. Helium is up 8% after announcing a major rebranding. PancakeSwap is also one of the top movers today, with 8% added to its value in the last 24 hours.

On the other end, STEPN and Zilliqa are reversing recent gains, down 12% resp. 8%. eCash is also down 8%. Waves has lost 13% of its value.

Trending

Vee Finance is a DeFi lending platform for traditional financed and crypto users alike, committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. It gained 170% today.  

DNT is the native coin of District0x, which was created to tackle some of the inefficiencies that come with operating and creating distributed community marketplaces. It incurred positive sentiment after witnessing volume and price breakout on technical charts, up almost 120% in 24 h.

 

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