Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

Veröffentlicht am

Top places to buy Stacks, which gained 32% in 24 hours

Stacks is soaring after crypto exchange Okcoin announced a partnership with the L1 blockchain to form the Bitcoin Odyssey. Okcoin is pledging $165 million towards founders and projects developing decentralized applications on Bitcoin and Stacks.

This guide has all the information you need about Stacks, whether it would be a worthwhile investment, and the top places to buy Stacks now.  

Top places to buy Stacks now

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

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

What is Stacks?

Stacks is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability.

The DApps are open and modular, meaning developers can build on top of each other’s apps to produce features that are simply not possible in a regular app.

Since Stacks uses Bitcoin as a base layer, everything that happens on the network is settled on the Bitcoin blockchain, arguably the most secure blockchain in operation.

The platform is powered by the Stacks token (STX), which is used for fueling the execution of smart contracts, processing transactions and registering new digital assets on the Stacks 2.0 blockchain.  

Should I buy Stacks today?

Stacks can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

Stacks price prediction

Wallet Investor finds Stacks a very good investment and expects a long-term increase in the price. They predict it will be worth $5.12 in March 2027. A 5-year investment of $100 will generate revenue of around +263% and go up to $363.

Stacks on social media

The post Top places to buy Stacks, which gained 32% in 24 hours appeared first on Coin Journal.

Veröffentlicht am

You can now buy Elrond, which added a tenth to its value: here’s where

The Elrond Network has undergone several successful developments recently, which reflect on its price. Yesterday, it emerged the network had acquired Capital Finance Services, a member of the globally known and active Twispay brand, an e-money institution.  

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

Top places to buy Elrond now

Bitpanda

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

Buy EGLD with Bitpanda today

OKEX

OKEx is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.

Buy EGLD with OKEX today

What is Elrond?

Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things.

Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators.

Elrond describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use.

Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented.

Should I buy Elrond 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.

Elrond price prediction

At the time of publication, 1 EGLD was trading for around $150.00. Trading Beasts is bullish on the coin, predicting it can soar past $190 by the end of the year. GOV Capital is even more optimistic. They forecast a price of $634 by the end of this year.

Elrond on social media

The post You can now buy Elrond, which added a tenth to its value: here’s where appeared first on Coin Journal.

Veröffentlicht am

Fantom losses tapering off, is it time to buy the dip? Best places to buy Fantom

Fantom’s price plummeted after a major reshuffle in the developer team, but its losses are diminishing, and it looks like it’s getting back on track. The 40th biggest coin by market cap is down just 5% today.

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

Top places to buy Fantom now

Skilling

Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. Skilling offers a selection of trading platforms, including the proprietary Skilling Trader and popular, industry renown cTrader and MetaTrader 4 platforms, which can suit the needs of customers with different levels of trading experience.

Buy FTM with Skilling today

Nexo

Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.

Buy FTM with Nexo today

What is Fantom?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers with its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

Fantom is an open-source decentralized platform for DApps and digital assets that was created as an alternative to Ethereum.

It aims to overcome the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization.

The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Should I buy Fantom 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.

Fantom price prediction

DigitalCoin predicts Fantom will trade for an average of $1.68 this year and $1.82 in 2023. It will grow to $2.43 by 2025 and to $5.82 by 2030.

Despite Fantom’s lackluster performance, Price Prediction is also bullish. They forecast an average of $1.81 in 2022, $2.61 in 2023, and $5.30 in 2025. In 2030, it will have gone up to $32.

Fantom on social media

The post Fantom losses tapering off, is it time to buy the dip? Best places to buy Fantom appeared first on Coin Journal.

Veröffentlicht am

BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program

BFARM, a new yield farming platform built on Binance Smart Chain (BSC), has unveiled its new BNB and BUSD stake and earn feature as well as an extensive referral program. BFARM platform offer users steady and fixed daily income and the additional staking feature adds to its list of assets that can be staked by the users.

BFARM specifically allows users to maximize their income by leveraging and staking their native Binance tokens and earning quick staking yields on the BSC network.

Staking BNB and BUSD on BFARM

To stake BNB on BFARM, users require a minimum of 0.05 BNB coins. On the other hand, if a user wants to stake BUSD, they require a minimum of $10 worth of BUSD.

One can choose to stake the coins using the 8-days lockup with a 140% return, 16-days lockup with 188% return, or 25-days lockup with 242% return.

The 8-days lockup plan is designed for short-term investors who prefer quick returns on their crypto investments. The 16-days and 25-days lockup plans on the other hand are for long-term investors and they also have giveaway bonus instant credits.

The 16-days lockup plan has a 2% giveaway bonus instant credit while the 25-days lockup plan has a 3% giveaway bonus instant credit.

BFARM Referral program

BFARM has also unveiled an extensive referral program to provide its users with an opportunity to earn as the ecosystem expands. By inviting more people to the platform, users get to earn extra coins.

The referral program groups the referrals into five groups depending on the hierarchy of those referrals.

Level 1 referral earn 5%, level 2 referrals earn 3%, level 3 referrals earn 2%, level 4 referrals earn 0.5% and level 5 referrals earn 0.05%.

The post BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program appeared first on Coin Journal.

Veröffentlicht am

Analyst: Sanctions on Russia could push more people into crypto

Russia’s invasion of Ukraine has led to a cascade of events that in one way or the other, has helped shine the spotlight on crypto.

If you look at it, we see sanctions putting Moscow in an economic stranglehold, made worse by a ban on Russian oil and numerous companies exiting the Russian market.

On the one hand, we have Russians who are finding it hard to move their money into crypto. 

Why, because the ruble has plummeted to the floor, sanctions have hit banks, and payment giants like Visa, Mastercard, and PayPal have pulled the plug on transactions initiated from within the country.

“I think we may refer to 2022 as the year of the big catalyst for crypto because what governments did is actually force adoption,” said Ran Neuner, the host of CNBC’s Crypto Trader show.

Speaking to Al Jazeera, Neuner added that what governments have done, especially with the sanctions, is forcing people to look elsewhere.

He sees the whole banning and suspend thing as “ridiculous”- referring to the decisions by Visa and Mastercard, among other payment providers, to suspend services in Russia.  

According to him (as quoted by Al Jazeera) these events are going to force people to look for an alternative financial system- in this case, the financial freedom of crypto.

Crypto exchanges are reluctant to impose a blanket ban

Crypto exchanges- Binance, Coinbase and Kraken- have so far refused to institute a blanket ban on Russian users. But as Coinbase CEO Brian Armstrong said last week, even these exchanges might be forced toe the line if they are needed to.

“Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. Many of them likely oppose what their country is doing, and a ban would hurt them, too. That said, if the US government decides to impose a ban, we will of course follow those laws,” the Coinbase chief shared last week.

Exchanges are therefore screening accounts to block only those likely to help evade sanctions. Indeed, Coinbase said on Tuesday that it would be blocking 25,000 such accounts. 

It’s a small number given there are more than 17 million cryptocurrency holders, but still, a ban across all the major exchanges could hurt millions.

In 2021, a survey report showed that crypto was the fifth-most popular investment asset class in Russia. More people (17%) invested in cryptocurrency than in gold (16%) and stocks and shares (10%).

The post Analyst: Sanctions on Russia could push more people into crypto appeared first on Coin Journal.