Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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You can now buy Chiliz, which soared on Messi deal with Socios: here’s where

Lionel Messi and Socios have signed a deal worth $20 million, where Messi becomes Socios’ global brand ambassador, Reuters reported. Chiliz, which powers Socios, is up 21% on the news.

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

Top places to buy Chiliz now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy CHZ with eToro today

Bitpanda

BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.

Buy CHZ with Bitpanda today

What is Chiliz?

Chiliz was created by a fintech provider of the same name based in Malta. The leading digital currency for sports powers Socios, a blockchain-based sports entertainment platform, allowing users to get involved in brand governance.

Socios fan tokens are an example. They give sports clubs and associations a way to connect to their fans and open up revenue streams. Fans can impact and take part in club-related decisions through polls and surveys, such as statements worn on players’ armbands.

Should I buy Chiliz today?

Chiliz 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.

Chiliz price prediction

Analytics Insight informs that Chiliz’ milestones this year are not the platform’s end goal and fans can expect a lot more progress and technological updates. 

They predict Chiliz is likely to reach $0.75 in 2024 if the next two years turn out as planned. It will not drop below $0.35.

Chiliz on social media

The post You can now buy Chiliz, which soared on Messi deal with Socios: here’s where appeared first on Coin Journal.

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Best places to buy AAVE, which added a third to its value today

AAVE broke the top 50 biggest coins by market cap and just pushed past $240. It achieved a 24-hour trading volume of $2.2 billion and gained 33% today.

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

Top places to buy AAVE now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy AAVE with eToro today

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy AAVE with CAPEX today

What is AAVE?

AAVE is a DeFi protocol that lets people loan and borrow crypto. Borrowers can use crypto to take out flash loans, while lenders can earn interest by depositing it into special liquidity pools.

AAVE means “ghost” in Finnish. It provides holders on the platform with discounted fees. It is also used as a governance token.

This makes sure AAVE holders have a say in the protocol’s future development.

Should I buy AAVE 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.

AAVE price prediction

Coin Price Forecast predicts AAVE will rise to $256 by the middle of the year and close it at $282. The price for mid-2023 will be $270 and $281 at the end of the year.

Throughout 2024, the predicted value is around $243. Mid-2025, 1 AAVE will trade for $274. It will break $300 that year.  

AAVE on social media

The post Best places to buy AAVE, which added a third to its value today appeared first on Coin Journal.

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GMT‘s value almost doubled in 24 hours: here’s where to buy GMT

GMT’s value has been rising steadily since the beginning of March 2022, when it was listed on Binance. The token is skyrocketing on a teaser of a mysterious, but major upcoming partnership between STEPN and an unknown entity, believed to be Binance.

The coin currently ranks at #81 by market cap. If you are attracted to unique features and want to learn how and where to buy GMT, this guide is for you.

Top places to buy GMT now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy GMT with Binance today

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 GMT with KuCoin today

What is GMT?

GMT (Green Metaverse Token) is the governance token of STEPN. Its supply is capped at 6 billion tokens. STEPN is a Web3 lifestyle app with gamification design and fun social elements.

Players who have NFT Sneakers can walk, jog or run outdoors to earn tokens, which they can then use to mint new sneakers.

Players buy GMT and burn them in the app to upgrade high-quality gems, mint cool sneakers, and take part in governance voting among other features.

They can choose to sell or lease their NFT sneakers on the in-app marketplace. They store the funds accumulated in the in-app wallet, which features an inbuilt exchange function.

Should I buy GMT 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.

GMT price prediction

Digital Coin Price makes the following bullish prediction:

  • 2022: From $2.50 to $2.83
  • 2023: From $2.68 to $3.31
  • 2024: From $2.48 to $3.69

GMT on social media

The post GMT‘s value almost doubled in 24 hours: here’s where to buy GMT appeared first on Coin Journal.

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Terra to buy $10 billion worth of Bitcoin to back UST stablecoin

Terra plans to buy and hold up to $10 billion worth of Bitcoin, a massive haul of the flagship cryptocurrency that Terraform Labs says will be used to back the stablecoin TerraUSD (UST).

Instead of Terra holding cash reserves and other cash equivalents, it plans to hold enough BTC to back all the UST in circulation.

That, essentially, is the main script around Terra’s plan to purchase BTC worth up to $10 billion. CNBC ran a commentary on Terra early Tuesday.

Terra’s UST plans add to Bitcoin demand

On Monday, Terraform Labs founder and CEO Do Kwon revealed that the company had bought $135 million worth of BTC, bringing its Bitcoin purchases for 2022 to $1 billion. 

In an earlier comment on the move to buy as much Bitcoin, Kwon said:

“UST with $10B+ in BTC reserves will open a new monetary era of the Bitcoin standard. P2P electronic cash that is easier to spend and more attractive to hold Bitcoin”

UST, like other stablecoins, is pegged 1:1 to the US dollar and has its value relatively stable even as markets experience huge volatility. However, this stablecoin wants to switch from being a decentralised, algorithmic currency backed by cash reserves and other equivalents, to one backed by Bitcoin.

And indeed one of the narratives that have pushed Bitcoin higher these past few days has been an aggressive accumulation by whales. Bitcoin jumped to highs above $48,000 on Monday, bringing its 30-day gains to over 20% and pushing its value into positive territory year-to-date.

Terra’s LUNA also gained big, breaking from around $90 this past week to hit highs above $106. Meanwhile, UST’s market cap rose to over $16 billion to make it the 14th largest crypto project.

Regulatory attention?

A CNBC report on Terra’s big bet on Bitcoin and UST says some analysts are warning this “might not sit well” with US regulators. This is because regulators have previously raised concerns over stablecoins and their potential to pose risks to the financial system.

And while Treasury secretary Janet Yellen recently said the US would look to provide a regulatory framework that aids crypto innovation, concerns about stablecoins remain.

In 2021, the SEC subpoenaed Terraform Labs and CEO Do Kwon, amid allegations of violations of US law. Kwon sued the SEC back and earlier this year, a US court ordered Terra to comply with the subpoenas.

Could UST attract more attention now? Possibly, according to analysts cited by CNBC, with any likely developments coming even as lawmakers look to hasten the development of a digital dollar.

The post Terra to buy $10 billion worth of Bitcoin to back UST stablecoin appeared first on Coin Journal.

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Why has Compound (COMP) price jumped by more than 10% today?

Compound (COMP) price has surged 10% today at a time when the majority of cryptocurrencies are bullish with the likes of Bitcoin reaching three months high.

At the time of writing, Compound was trading at $143.91 up 10.19% after a slight pullback from a daily high of $148.10.

But why is the coin price skyrocketing? This article focuses on the factors behind the current Compound rally.

What is Compound (COMP)?

In a nutshell, Compound (COMP), is the native token of Compound, a DeFi lending protocol where users can get crypto loans or earn interest by offering their crypto assets to the platform for it to lend them out to others.

Why is Compound price rising?

The two main factors being attributed to the current surge in the price of Compound coin are the recent protocol upgrade announcement and the community’s response to the announcement.

  • Announcement on protocol upgrade

After realizing that its reward distribution program has a negative effect on the COMP price, the platform has come up with a protocol upgrade that will help in the growth of the protocol instead of selling off the rewards without necessarily benefitting the existing token holders and users.

The new program kicked off by reducing the existing rewards by half and it will also probably end COMP farming though depending on how the community votes.

  • Community to embrace the new proposal

The community seems to embrace the new proposal with a majority saying that the 50% cut-off will reduce the rampant inflations that have been experienced in the network before.

There was actually a rush by investors to purchase more tokens since the majority believe that the upgrade will lead to a price hike.

The post Why has Compound (COMP) price jumped by more than 10% today? appeared first on Coin Journal.