Kategorie: Crypto Markets

The price of Prosper cryptocurrency has dipped by more than 14% today after Prosper announced that it had updated its coin supply on Coin Market Cap and CoinGecko. At press time, PROS was trading at $0.9305 down from a daily high of $1.14.

In a tweet, Prosper, however, clarified that the update did not result in an increase in token supply but only updated the displayed number of the circulating PROS tokens to include all the DEXs LP liquidities.

To help traders seeking to take invest in Prosper (PROS) cryptocurrency, Coinjournal has prepared this brief guide on where to buy the PROS token.

To find out more, please continue reading.

Where to buy Prosper token

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy PROS with Binance today

What is Prosper?

Prosper is a non-custodial cross-chain hedging and prediction market platform that uses on-chain liquidity aggregation technology.

In addition to the on-chain liquidity aggregation technology, Prosper also borrows from Binance Smart Chain and Avalanche and also uses Chainlink oracle to provide accurate price feeds to its users.

The Prosper platform features prediction insurance, a binary liquidity model, on-chain liquidity aggregation and cross-chain support, fiat support, custom pools, DAO governance, and prediction mining.

The native token of the Prosper platform is denoted as PROS and it is used as a prediction insurance token, a DAO governance token, a commission token, and a premium/subscription token.

Should I buy PROS today?

PROS could be a good buy now that it has updated its coin supply. However, contrary to the expectation of many, the token price has dropped considerably instead of rising after the update.

In addition, the crypto market is extremely volatile and you should proceed with caution.

Prosper price prediction

Analysts are optimistic that PROS will soon go above the resistance level at $1.60, despite today’s drop.

However, it will have to first break through the resistance level at $1.49 before making a dash for the $1.60 level.

$PROS social media trends

Supply display update on Coin market cap and Coin Gecko

Following a few months of community feedback and efforts on our side, the circulating supply of $PROS displayed on Coin Market Cap and CoinGecko have finally been updated an now reflects our true circulating supply.

— Prosper (@Prosperpredict) September 21, 2022

 

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The price of Ripple’s XRP token is up 26.9% in the past week and 6.9% in the past 24 hours, outperforming most of the top cryptocurrencies like Ethereum and Bitcoin which are struggling to make considerable gains.

At press time Ripple’s XRP was trading at $0.4326.

Factors contributing to XRP’s recent price rise

There are two main factors believed to be behind the recent XRP price surge and they are increased trader optimism and high whale movement.

Trader optimism on XRP has increased considerably despite the ongoing Ripple lawsuit against the US SEC. majority of traders believe that XRP has the most bullish set-up in the crypto market with a potential for a further breakout.

One of the things that have increased traders’ optimism about XRP is the recent visit of Caroline D. Pham, an American attorney who serves as a commissioner of the Commodity Futures Trading Commission (CFTC) to Ripple Labs. The visit raised speculations that the XRP would be classified as a commodity rather than security as the SEC has been insinuating.

There has also been significant whale movement over the past few days with the two most recent whale movements being a transfer of 30 million XRP tokens and another 261 million XRP tokens between wallets.

The post What is pushing Ripple (XRP) price up? appeared first on CoinJournal.

Helium (HNT) token holders on Wednesday formally voted to migrate from Helium layer-1 blockchain to Solana protocol.

81.41% of the 6,177 voters voted in favour of the migration in a proposal that was called the Helium Improvement Proposal (HIP 70) which was aimed at making the network able to meet user demands. The HIP 70 proposal had been made on August 31 citing that the move would:

“Bring significant economies of scale through the vast range of compassable Solana developer tools, features, and applications.”

Helium switching to Solana protocol

The Helium Foundation said that the migration to Solana will allow the HNT token to become more compatible with decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 projects.

Helium Foundation COO Scott Sigel in a statement said:

“Solana has a proven track record powering some of the world’s most important decentralized initiatives and they were an obvious choice for us to partner with. Moving to the Solana blockchain allows us to focus our efforts on scaling the network as opposed to managing the blockchain itself.”

Helium still struggling with revenue

Weeks leading to the proposal, Helium had attracted some controversy with concerns about the network’s revenue potential.

However, prominent investors have defended Helium saying that it is still building its infrastructure and the revenue would come later.

Once the migration is completed all the tokens of the Helium ecosystem including HNT, IOT, and MOBILE will become available on Solana. A new version of the Helium Wallet App will also be unveiled.

The post Helium token holders approve migration to Solana protocol appeared first on CoinJournal.

While the general crypto market started today with a decline, Algorand (ALGO) has registered a 13.64% rise over the past 24 hours. At press time, Algorand (ALGO) was trading at $0.3630.

But why is Algorand price going against the general market trend that shows the majority of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) in the red?

Here is a sneak peek into the behind-the-scenes or the factors propelling ALGO price higher today.

Why ALGO price is surging

Today’s price rise comes after Algorand announced yesterday that State Proofs are now available on the Algorand blockchain, which is one of the most important technical accomplishments for the blockchain.

The State proofs enable Algorand blockchain to digitally sign any message in a truly decentralized manner and according to the co-founder Silvio Micali, also fosters the blockchain’s safety against quantum attacks.

Following the introduction of the state proofs, Algorand claims that it can now process 6,000 transactions per second which is quite a high throughput considering that most of the popular financial services like Mastercard can only handle about 5000 transactions per second.

Algorand will now be able to reach finality and block formation in only a record 3.7 seconds.

Algorand’s price surge after the introduction of the state proofs is a stark contrast to Ethereum’s price slump after its Merge upgrade.

The post Why is Algorand price rising today? appeared first on CoinJournal.

After months of uncertainty, the Tribe DAO which has announced plans to close down has finally voted to repay its users who were affected in the $80 million hack of Rari Capital’s liquidity pools.

The vote to repay the affected users is one of the final governance decisions for the Tribe DAO, which consists of Rari Capital, Midas Capital, Volt Protocol, and Fei Protocol.

The vote comes after several rounds of voting and governance proposals before the decision to vote for reimbursement was reached on September 18. The voting then took place on September 20.

On-chain voting platform Tally data shows that 99% of those who participated in the voting process were in favour of the proposal to reimburse the victims.

Repaying the Rari hack victims

According to the reimbursement proposal, individual victims will be paid back in FEI, while decentralized autonomous organizations (DAOs) will be paid in DAI. The Victims will however have to sign a message releasing any liability.

Fei’s founder Joey Santoro said via a tweet that the repayments would be made 24 hours after the vote was passed.

1/ The Rari Fuse Hack Payment has passed on-chain to FULLY pay the victims in 24 hours.

This is a big moment in these final governance decisions of the Tribe DAO.

— Joey 💚’s ERC-4626 🦇🔊 (@joey__santoro) September 19, 2022

The total amount to be distributed among the Rari hack victims amounts to 12.68 million FEI tokens and 26.61 million DAI tokens. At press time, Fei USD (FEI) was trading at $0.9938 while DAI was trading at $1.00.

The post Tribe DAO finally votes to reimburse Rari hack victims appeared first on CoinJournal.