Kategorie: Crypto Markets

Loopring is up 40.87% in the last 24 hours on news of a partnership with GameStop for the GameStop NFT marketplace. It is trading for $1.17 at the time of writing.

If you are attracted to unique features and want to learn how and where to buy LRC, this guide is for you.

Top places to buy LRC 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.

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Coingate

CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.

Buy LRC with Coingate today

What is LRC?

LRC is the crypto token of Loopring, an open, Ethereum-based protocol aimed at building decentralized crypto exchanges. 

Loopring intends to bring centralized order matching with decentralized on-blockchain order settlement together into a hybrid solution, which will utilize the best of both worlds.

Loopring Protocol seeks to reduce or eliminate the inefficiencies of DEXs while retaining their advantages. It settles trades on-chain, but manages orders in a centralized manner.

It also combines multiple orders into circular trades rather than permit strictly one vs. one trading pairs. This way, the protocol expects to improve DEX liquidity while increasing the efficiency of order execution.

Should I buy LRC 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.

LRC price prediction

Wallet Investor is extremely bullish on Loopring. They expect a long-term increase. According to them, 1 LRC will trade for $4.65 in March 2027. A 5-year investment will yield earnings of around +295.49%. If you invest $100 in LRC now, you might have $395.49 in 2027.

LRC on social media

The #GameStop #NFT marketplace beta is now live!$GME has partnered with @loopringorg for this project, which is an #ETH L2 solution. 🤝#LRC skyrocketed after the announcement, resulting in a +41% gain. 🚀 pic.twitter.com/b3z8Z5FOkq

— Delta Investment Tracker (@getdelta) March 23, 2022

The post Loopring soaring on news of GameStop partnership: here’s where to buy LRC appeared first on Coin Journal.

• Bitcoin has traded in a narrow range in the $37k-$42k region to suggest higher volatility lies on the horizon.
• BTC price is up 3.8% in the past 24 hours, currently around $42,625 per coin.

Bitcoin is likely to see increased volatility in the near term, analytics platform Glassnode said in its March 21 issue of “The Week On-chain” newsletter to investors.

According to the platform, the futures and options markets suggest higher inbound volatility, with the outlook putting it around the ‘horizon’. This is the case even as on-chain activity points to a bear stranglehold of the market that still pins upside sentiment across the crypto space.

BTC price recovery

Glassnode points to Bitcoin’s recent recovery as having come amid low volatility and widespread consolidation. Indeed, the BTC price traded towards $37,000 last week before recovering to the key resistance area around $42,300.

Monday saw the flagship cryptocurrency retrace from the weekend highs amid fresh sell-off pressure, tracking US equities following inflation comments from Federal Reserve Chair Jerome Powell.

In Tuesday deals, Bitcoin broke higher once again to touch highs around $43,080. However, it’s retreated to currently trade around $42,625 to see it remain within the key narrow range.

Chart showing recent range low and range high for BTC. Source: Glassnode.

Derivatives point to volatility on the horizon

According to Glassnode, Bitcoin’s continued movement within the narrow range has come amid a period of low volatility. The scenario implies higher odds of a buildup of fresh volatility, the firm noted.

After pricing in short term implied volatility around the Fed rate hikes, futures and options markets now suggest higher implied volatility.

“Options implied volatility is coming off relatively low levels between 60% and 80%, which have historically been followed by periods of extremely high volatility. Such high volatility events in 2021 include the May sell-off, the short-squeeze in July, and the October rally to ATHs,” the firm noted.

Note that traders usually look to implied volatility as a prediction of just how risky a trade is likely to be based on the potential for the market to move in either direction.

The post Bitcoin derivatives suggest high volatility lies ahead, Glassnode says appeared first on Coin Journal.

The crypto market as a whole is bullish today. Major cryptos were in the green over the past 24 hours.

CNBC is reporting that Goldman Sachs will become the first major US bank to trade crypto over the counter, which is considered to be another important step in facilitating access to crypto for institutional investors.

The UK’s advertising regulator has put on notice more than 50 companies who are suspected of promoting misleading crypto ads across the country.

US markets ended their recent good run yesterday in the wake of rate rise comments from Jerome Powell. US markets have so far taken rate rises in their stride but balked at the hint of more aggressive monetary policy.

Top cryptos

Cardano up 6% together with Ethereum, XRP and Polkadot, which all gained more than 4%. Bitcoin was trading above $42,000 at time of writing, up more than 3% over the past 24 hours. Litecoin cracked the top 20. It’s up 6% today.

Top movers

Bitcoin Cash is a notable standout with gains of 12%. It is rallying just like Bitcoin Gold (+8%), which started gaining yesterday. Ethereum Classic continues its bull run, also up 12% today.

Other gainers include Elrond with 9%, Helium, Oasis Network, and EOS with 10%, and Dash with 8%.

The biggest mover by far is IoTeX, which added a quarter to its value. It recently released Mainnet v1.7, the next evolution of the IoTeX blockchain with security and performance upgrades.

The biggest weekly gainer is ApeCoin, up 980.26% in the last 7 days.

Trending

There’s another canine meme token in town – Teddy Doge, which is up 368% in the last 24 hours. It bills itself as a one-stop full-featured decentralized exchange.

It has liquidity, a swap, farm, aggregate transactions, 15 mainstream cross-chains, chain transactions, and chain chart systems, and more.

The post Highlights March 22: Major cryptos in the green, Powell comments end markets run appeared first on Coin Journal.

Apart from news of the airdrop of a lucrative new token called Biswap (BSW), the cryptocurrency is surging on a Binance and Mandala exchange listing.  

If you are attracted to unique features and want to learn how and where to buy Biswap, this guide is for you.

Top places to buy Biswap now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for BSW

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

What is Biswap?

Biswap is a decentralized exchange (DEX) running on Binance Smart Chain. It is the first DEX with a three-tier referral system. It has a GameFi Dapp and low transaction fees (0.1%). Part of the funds generated will be used to buy the token back and burn it.

According to its technical documentation, Biswap aims to become a DEX platform benchmark. They aim to be the leader in the token swap market.

The platform is committed to providing the DeFi space with fairness, value, and innovation through high-quality products and services. The exchange is safe and fast and makes it possible for all kinds of users to swap and earn tokens.

None other than Binance Labs, the venture capital arm and incubator of the biggest exchange by trading volume, has made strategic investments in Biswap. This was done with the purpose of creating even more high-quality services and products, technological innovation, and further global expansion.

Should I buy Biswap 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.

Biswap price prediction

Analysts differ on their price predictions. Wallet Investor finds BSW a high-risk, one-year investment option. They warn any investment made in Biswap now risks future devaluation.

Digital Coin Price does not share this view. They make the following BSW min-max price forecast. At the time of writing, BSW was trading for $0.84:  

• 2022: $1.03 – $1.19
• 2023: $1.11 – $1.38
• 2024: $1.03 – $1.44
• 2025: $1.45 – $1.72

Biswap on social media

1. #Biswap $bsw
2. #Clearpool $cpool
3. #EpicCash $epic
4. #Ariva $arv
5. #SpellToken $spell
6. #Counterparty $xcp#CrypfographicsTopGainer24h pic.twitter.com/EFXmplPm16

— Crypfographic (@Crypfographic) March 21, 2022

 

The post Biswap is up 84% on news of prominent listings and airdrop: where to buy Biswap appeared first on Coin Journal.

Bitcoin (BTC) was holding above $41,000 on Monday evening following an intraday dip towards the $40k support as risk-off sentiment returned to the market.

After rallying to highs of $42,250 over the weekend, bulls found it difficult to sustain the momentum.

Marcus Sotiriou, an analyst at UK-based digital assets broker GlobalBlock said on early Monday that the retracement in BTC price was down to “fears surrounding the Russa-Ukraine war.” 

He pointed to heightened threats from Russia about the situation in Ukraine’s city of Mariupol and reports of mercenaries seeking to assassinate President Zelensky as major concerns.

“These events have lead to a risk-off sentiment for global markets this morning, as the Dollar Index climbed whilst Bitcoin and equities sold off,” Sotiriou said in a note as Bitcoin struggled below $41,000.

BTC slips after Fed Chair comments

Market deals late Monday had more than $20 million in BTC longs liquidated, with most of the pain coming after comments from US Federal Reserve Chair Jerome Powell reached the market.

In his remarks at the National Association for Business Economics, Powell stated that the Fed was ready to initiate an aggressive approach towards addressing inflation.

The Fed Chair noted that the central bank could go for a 50 basis points rate hike as soon as May, jolting risk-off sentiment among investors. As Wall Street posted a negative reaction, a similar move materialised across the Bitcoin market to see BTC slip to lows of $40,600.

It means bulls are still finding it hard to flip the immediate resistance levels around $42k-$44k into support. Taken the other way round, it suggests bears still hold the upper hand around these supply zones.

A ‘healthy’ pullback but bulls must need to hold $40k

Mikkel Morch, Executive Director at digital asset hedge fund ARK36 remains bullish on BTC though, noting in a comment that the retracement appears to be a “healthy” pullback following last week’s upside.

“Even though Bitcoin has retraced a bit after tagging $42K over the weekend, it still managed to close the week well above $40K and is currently holding the $41K levels. Such a retrace seems healthy after a notable move up over the past week,” he noted.

Pseudonymous crypto analyst Credible Crypto thinks Bitcoin will need to break above $42,500 to have a better chance of rolling higher. If that fails, he predicts a scenario where the main support would be in the $29k-$32k zone.

Still need to break 42.5k to get the ball rolling, as PA has developed over the last couple of days either of these scenarios would be valid/logical for the triangle structure. We are very close imo. $BTC https://t.co/TxOo251YHI pic.twitter.com/1EsteKBNcM

— Credible Crypto (@CredibleCrypto) March 21, 2022

It’s a perspective Morch also sees developing if buyers do not hold above $40k for a continuation move. However, he is optimistic of a rebound to the recent high, with a breakout above the weekly barrier likely to bring into focus the target at $46k.

“As long as BTC stays above $40K, there is a good chance of continuation. However, we can only hope for a more sustained leg up if the bulls manage to reclaim the resistance at $46K. Until then, the choppy short term movements may still continue for some time,” added the hedge fund manager.

Bitcoin was trading around $41,008 late Monday.  

The post Bitcoin poised around $41k amid fresh risk-off sentiment appeared first on Coin Journal.