Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Where to buy the trending League of Kingdoms Arena MMO strategy game LOKA token

The native token of the popular blockchain-based Massively Multiplayer Online (MMO) strategy game League of Kingdoms Arena, the LOKA coin, has been trending since yesterday after the first NFTs items of the game were listed on eBay.

To assist traders, investors, and gamers purchase the LOKA game token, Coinjournal has created a brief article identifying the best platforms where to buy the token while also providing LOKA price prediction.

To find out more, please continue reading.

Best places to buy LOKA coin

What is LOKA token?

LOKA token is one of the native tokens of League of Kingdoms, which is a blockchain-based Massively Multiplayer Online (MMO) strategy game.

League of Kingdoms allows gamers to earn real income through in-game activities. Gamers build kingdoms, raise armies, form alliances and compete for power and wealth on battlefields.

Besides being an MMO game, the League of Kingdoms also supports player-versus-player (PvP) and player-versus-environment (PvE) gaming models.

The LOKA token is the governance token of the League of Kingdoms game and holders can take part in the decision-making process, and use the token to purchase in-game items and earn staking rewards through staking.

The other native token of the League of Kingdoms game is called Dragon Soul Token (DST) and it is a utility token. The DST is used for breeding dragon-like in-game characters.

Should I buy LOKA today?

If you want to add a blockchain-based MMO game token to your crypto portfolio, the LOKA token could be a good choice especially now that its price is rising after the listing of League of Kingdoms game NFT items on eBay.

However, you should be aware of the fact that the cryptocurrency market is extremely volatile and extreme sudden market swings are possible.

LOKA price prediction

LOKA coin is currently retracing from yesterday’s high after registering a monster bull run following the news of the listing of its NFT items on eBay. All eyes are now on the $0.60 price level, which analysts believe if bleached could see the token dropping to its previous lows.

If it rebounds above $0.6, analysts expect the token to retest prices above $0.65.

$LOKA social media trends

The post Where to buy the trending League of Kingdoms Arena MMO strategy game LOKA token appeared first on CoinJournal.

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Bitcoin battles for $20K as Mt.Gox BTC dump cloud fades

  • Bitcoin fell below $20,000 over the weekend amid selling pressure across equities and crypto.
  • BTC price is back above the key level, with bulls currently battling bears around $20,245.
  • The Bitcoin market is unfazed by the reported release of 140,000 Mt.Gox bitcoin to creditors.

Bitcoin climbed back above $20,000 0n Monday following Friday’s sell-off and ultimate breakdown to near $19,600 over the weekend.

Sell-off in stocks

The picture on Wall Street, with US stocks also struggling with sell-off pressure since Powell’s hawkish comments on Friday, does add to the overall bleakness.

After falling more than 3.3% on Friday, the S&P 500 opened lower on Monday and is currently 0.6% down. The Dow Jones Industrial Average and Nasdaq are also in the red as the enchmark 10-year US Treasury yield climbs above 3%’

Mt.Gox dump ‘not happening’

As well as the broader dump across risk-on markets on the back of US Federal Reserve Jerome Powell’s Jackson Hole blow, the Bitcoin market saw some negativity amid fear and uncertainty related to Mt.Gox news.

With anticipation of payouts for creditors of the defunct Bitcoin exchange rising as August draws to a close, fear of what a nearly 140,000 BTC dump would do to price gripped the crypto retail market. But the Rehabilitation Plan, announced last month, will not come as a lump sum. Rather, it’s going to be spread over several months.

Crypto analyst Michael van de Poppe commented that the payout should not scare traders, noting in a tweet:

At the time of writing, BTC was trading at around $20,245. It’s about 1.2% up in the past 24 hours. 

But while bulls are battling to keep the psychological support area, weakness across risky assets could still push the cryptocurrency towards intraday lows and possibly a retest of the $19,000 zone.

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46% of US crypto users say their investment performed ‘worse than expected’

  • Majority of US crypto users at 46% are unhappy with how their crypto investments performed.
  • Percentage of crypto users in the country unchanged (at around 16%) since last year.
  • About 50% of those surveyed know of NFTs, 2% have bought them.

Nearly half of Americans who have ever invested in crypto, including the top two by market cap Bitcoin (BTC) and Ethereum (ETH), say the assets have performed “worse” than was expected.

46% of crypto users ‘disappointed’ by returns

A new report recently published by the Pew Research Center revealed that of the 16% of US adults who say they have ever bought, traded or used cryptocurrencies, about 46% are unhappy with how their investments have turned out.

Pew Research Center survey report on US crypto users’ take on their assets’ performance. 

 

But while a majority expressed dissatisfaction about the overall performance of their crypto holdings, at least 15% said they had seen better-than-expected returns. Another 31% said their crypto investments had so far performed as expected.

Notably, the research found that the number of crypto users in the US has remained largely unchanged.

“While relatively few Americans overall say they have ever invested in, traded or used cryptocurrencies, the vast majority of Americans have heard about them,” Michelle Faverio and Navid Massarat wrote in the research report.

They noted that about 88%, or nearly nine out of every ten Americans had heard about crypto. 26% of this number said they have “heard a lot” about cryptocurrencies.

Almost 50% of the respondents also said they’ve heard about non-fungible tokens (NFTs). However, just 2% have bought NFTs, the report added.

Crypto bear market

The survey, conducted in July (5-17), came after the mid-June sell-off that compounded the bear market pain and saw bitcoin price fall to lows of $17,600 and ether below $1,000.

Indeed, the broader cryptocurrency market had lost over $2 trillion in total value by then, with multiple crypto companies ending up bankrupt amid contagion.

Bitcoin and Ether, currently trading around $19,930 and $1,475 respectively after another bout of sell-off pressure on Friday, hit their all-time highs above $69,000 and $4,800 in November 2021.

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Ethereum falls 9% as risk-on assets tumble on Fed Chair remarks

Ethereum (ETH) price fell alongside other cryptocurrencies and equities following hawkish remarks by the US Federal Reserve Chairman Jerome Powell.

By the close of stock markets Friday, Ethereum was down 9%, near $1,555 per token with bears looking to break towards $1,500. The dip happened after downside pressure late afternoon had seen the ETH/USD pair snap below $1,600 – the losses mirroring Bitcoin (BTC), which broke below $21,000 to touch intraday lows of $20,620.

Ethereum and the merge factor

Ethereum’s losses on Friday helped push the altcoin to lows last seen in late July, when ETH/USD traded in the $1,400 range. But while it remains well above its mid-June sell-off floor, the current weakness comes amid a largely positive period for the smart contracts platform.

Ethereum developers this week confirmed the “Merge”, a highly anticipated event for the network, will happen in mid-September.

While ETH deposits into the Beacon Chain have slowed down, the community is upbeat about possibilities for the Ethereum blockchain, and consequently for the price of Ether.

But even as many analysts see the “Merge” as the catalyst that could trigger the next market cycle, there are calls that the market has already priced in the event.

Wall Street plummets on Fed Chair remarks

Stocks also fell after Powell said at the Jackson Hole symposium that the central bank had a job to do and that they would keep at it “till it’s done.”

He told the forum that the Fed needed to maintain its aggressive approach if it were to succeed in restoring price stability. The Fed Chair noted that it wasn’t time yet for the central bank to adopt a loosening policy.

His remarks appear to have spooked markets, with S&P 500 slipping more than 3%, the Nasdaq Composite fell nearly 4% and the Dow Jones Industrial Average fell more than 1,000 points.

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Bitcoin price drops below $21k as markets react to Powell’s inflation remarks

  • Bitcoin price fell sharply on Friday to break below $21,000 following remarks by Jerome Powell.
  • The downside followed a similar reaction on Wall Street, with S&P 500 falling 2%.
  • Powell said in his Jackson Hole speech that the Fed would remain aggressive till the “job is done.”

Bitcoin (BTC/USD) retreated below $21,000 on Friday afternoon, touching lows of around $20,700 at the time of writing.

The declines, which follow US Federal Reserve Chair Jerome Powell’s Jackson Hole speech, could see the cryptocurrency’s price retest support levels at $20,000 or lower.

Fed to keep raising rates

The Jackson Hole symposium, which brings together central bankers, economists and other key policymakers, is an annual event that has often come with increased market volatility around highly anticipated commentary.

So, after Powell maintained a hawkish stance, reiterating that the central bank will raise interest rates “until the job is done” on inflation, both stocks and cryptocurrencies – risky assets – have dipped sharply.

The S&P 500 is down 2%, the Nasdaq has shed nearly 2.6% and the Dow Jones Industrial Average has declined more than 500 points, or -1.6%.

Bitcoin price is down nearly 4% and looks vulnerable to new losses to the main support level at $20K, which analysts see as very important to bulls’s short term plans.

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