Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Heroes of Mavia partners with Tribe Gaming for esports-focused P2E gaming

Heroes of Mavia, a blockchain-based play-to-earn massively multiplayer online (MMO) strategy game developed by Skrice Studios and backed by Binance has announced its partnership with Tribe Gaming, in a major push for esports-focused P2P gaming. Tribe Gaming is one of the largest esports organizations around the world.

The partnership will give Tribe a chance to expand its esports gaming initiative into the blockchain gaming field. Tribe is already very popular in developing mobile games and computer games venturing into blockchain gives it an upper hand among its competitors.

Tribe’s game creators and players consistently bring in over 100 million views a month.

Following the partnership, the founder and CEO of Tribe Gaming, Patrick Carney, said that collaborating with Mavia was an exciting opportunity and that they are looking forward to a bullish future as ‚Heroes of Mavia‘ game nears its launch.

Tribe now owns plots in the fantasy island of Mavia

As part of the partnership, Tribe now owns dozens of Legendary plots in the fantasy island of Mavia. It shall go ahead to uniquely do its branding on these plots of land to allow its brand to appear in the Heroes of Mavia game.

Tribe shall also have exclusive in-game skins and decorations custom done to Tribe branding taste.

The partnership proves that Mavia, which is backed by Crypto.com Capital, Binance Labs, and Genblock Capital is placing a bit bet on esports gaming. It also asserts Mavia’s position as the largest esports-focused P2E game.

While commenting about the partnership, an Executive Producer at Skrice Studios Yvan Feusi said that the team at Skrice Studios was happy to have Tribe as an official partner and that it was essential for the Mavia’s team to work with seasoned veterans as they push their game into „competitive gaming and esports.„

The post Heroes of Mavia partners with Tribe Gaming for esports-focused P2E gaming appeared first on Coin Journal.

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Highlights March 17: Cryptos in the green, Wall Street higher despite rate hikes

The crypto markets were higher this morning, with the majority of the top 10 cryptos registering gains over the past 24 hours.

All three major US indices rose yesterday despite the Fed’s first rate hike in five years. The SPX500 rose 2.19% while the DJ30 was up 1.48% and the NASDAQ100 increased 3.67%.

The UK100 rose yesterday on the back of positive moves from both Russia and Ukraine who announced a 15-point draft peace plan which buoyed stocks.

Top cryptos

Bitcoin climbed around 3%, trading above $40,000 at time of writing. Ethereum and XRP were both up around 4%, and Cardano and Solana both recorded gains of around 5%.

At #10, Avalanche is the biggest top 10 gainer with 10% added to its value. In the top 20, Cosmos and Polygon both added around 4%.  

Top movers

Outside the top 20, most coins added 2-6% to their value. The Sandbox’s SAND is up 9%, rallying on news of a major bank buying a plot in it. Waves is down 6% against the backdrop of positive developments in Ukraine-Russia talks.

THORChain added another 20% to its value. It introduced synthetic assets and the platform THORFi recently.

Other big winners include AAVE (+15%) and Maker and Decred, both of which added 11%. Celo gained 22% on news of getting listed on BitGetGlobal.

Trending

The biggest gainer today is CatBoy, trading for $0.04 at the time of writing. CatBoy is up 856.32% in the last 24 hours.

Catboy is a community led NFT project, founded and built by comic, manga, anime, and pet lovers. According to its creators, it’s a symbol of the spirit, cohesion, and sharing of memes, manga and comic loving communities around the world.

The price of PikaVerse, a Pokémon-based metaverse, increased by 78.27% over the past week. It is trading for $1.18e-10 with a 24-hour trading volume of $18.7 million. PikaVerse is up 32% in the last 24 hours.

 

The post Highlights March 17: Cryptos in the green, Wall Street higher despite rate hikes appeared first on Coin Journal.

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Bancor gaining steadily: best places to buy Bancor

Bancor has been gaining steadily since a recent eToro listing. At the time of writing, its price is $2.30 with a 24-hour trading volume of $21.4 million. The token has added almost 4% to its value in the last 24 hours.

Look no further than this short article to find out what Bancor is, if it’s worth buying, and the best places to buy Bancor now.

Top places to buy Bancor 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 BNT with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy BNT with Capital.com today

What is Bancor?

Bancor is described as only decentralized staking protocol that lets users generate income with full protection from impermanent loss and single-token exposure. It was created in 2017, making it the first DeFi protocol in history.

Deposits earn millions in fees per month from Bancor. It offers as much as 60% APR on ether, Wrapped Bitcoin, AAVE, LINK, MATIC, and more. Bancor is owned by its community as Bancor DAO.

The ecosystem’s token BNT lets traders provide liquidity for the pools available on the network. Liquidity can be provided by anyone.

Liquidity providers may receive fees for trades that pass through any pool they have contributed to. They get pool tokens that represent their share of fees, liquidity, and mining rewards in the pool.

Should I buy Bancor today?

Bancor’s BNT 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.

Bancor price prediction

CryptoNewsz is moderately bullish on Bancor. According to them, the highest BNT can go to this year is $3 provided that investor confidence keeps growing. In 2023, it can achieve a price of $3.55.

Considering the technological innovations Bancor has planned in 2024, its price may reach $3.77 that year.

In 2025, Bancor’s community initiatives focusing on outreach, education, and innovations can bring the price up to $3.70. The analysts consider this the bare minimum. The maximum price the token can achieve is $4.69.  

Bancor on social media

The post Bancor gaining steadily: best places to buy Bancor appeared first on Coin Journal.

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GMT Token added a tenth to its value today: here’s where to buy GMT Token

GMT Token recently added a new way to help crypto enthusiasts buy its native asset. In addition to the crypto-to-crypto method, GMT is now cooperating with Advcash to ease the process of buying it.

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

Top places to buy GMT Token now

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

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

What is GMT Token?

GMT Token is billed as a token backed by real assets that brings in daily BTC income to its owner. Each GMT is backed by real computing power (TH/s) via the SHA-256 protocol. The protocol runs on Ethereum.

The initial issue was 100,000,000 tokens on the Ethereum blockchain platform, which are backed by 100,000 TH/s, so 1 GMT = 0,001 TH/s.

GMT’s team is constantly introducing additional capacities and carrying out additional emissions of the GMT token. Their main goal is to bring the number of tokens in circulation up to 10 billion GMT.

Following each additional emission, the team activates the mechanism of burning 20-100% of new tokens, which leads to an increase in the profitability of GMT.

The released computing power is redistributed among all GMTs in circulation, increasing the computing power that provides tokens as well as mining income.

Should I buy GMT Token today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

GMT Token price prediction

Digital Coin Price foresees a long-term price increase. The coin is trading for $0.24 at the time of writing. They predict it will trade for an average of $0.31 this year, up to a maximum of $0.33. In 2023, it will be worth at least $0.31. It can go up to $0.40.

In 2024, the minimum price is $0.29 and the maximum one predicted is $0.41. In 2025, its price will range from $0.41 to $0.51.  

GMT Token on social media

The post GMT Token added a tenth to its value today: here’s where to buy GMT Token appeared first on Coin Journal.

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MakerDAO community leader proposes the governance token, MKR, to be replaced

The MakerDAO community leader ‚monet-supply‘ on March 14 made a proposal on the MakerDAO forum outlining an alternate token economic mechanism. The proposal seeks to introduce a new token stkMKR to replace the current governance token, MKR.

If the proposal goes through, it shall present a tokenomics shift in MakerDAO.

Immediately the proposal was made, the community erupted and very many responses were made and most of them were in support of the proposal.

Following the development, the proposal will need to be passed as a MIP (Maker Improvement Proposal) for it to be voted by the MKR holders, a process that takes two weeks.

What the proposal seeks to address

The proposal seeks to address several issues affecting the current MakerDAO tokenomics that use the “buyback and burn” mechanism. Monet-supply said that the proposal shall address issues like lack of targeted incentives since all the capital is returned to the MKR holder through the buyback and burn mechanism.

Monet also says that the current system has limited deterrence against governance attacks especially when it comes to voting manipulation.

The proposed solution

Besides an overhaul of the tockenomics mechanism, the ‚monet-supply‘ proposal proposes introducing a new token stkMKR to replace the MKR as the governance token of the MakerDAO.

According to the proposal, the stkMKR token shall act as a bonding or staking token and shall be issued to those who deposit MKR for governance purposes only.

A section of the proposal reads:

“stkMKR will be non-transferable and represents MKR staked in governance. Staked tokenholders will receive a share of MKR tokens purchased through surplus auctions, so stkMKR will be backed by an increasing amount of MKR over time.”

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