Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Highlights Feb 23: Intel reveals BTC mining chip, major cryptos rebound

Top 10 cryptos rebounded after plummeting on Monday. Intel unveiled a new Bitcoin mining chip which may weaken Chinese dominance over the Bitcoin mining hardware market.

US stocks fell yesterday as Russia invaded Ukraine. The DJ30 was down 1.42%, the NASDAQ100 slid 1.23%, while the SPX500 dropped 1%.

The UK100 (+0.62%) advanced yesterday despite news that the UK government had started imposing sanctions on Russia.

The price of oil continues to show volatility over the risk of war. A potential deal with Iran will increase global oil supplies. Oil surged past $94.50 yesterday before dropping below $91.

Top cryptos

Avalanche jumped more than 10%, Cardano gained 9%, Solana almost 8%, and Ethereum and BNB were up more than 5%. Bitcoin was trading just above $38,000 at time of writing, up more than 3% over the past 24 hours.

Terra is up almost 15% today, Polygon around 9%. Crypto.com’s CRO is advancing toward gains of 11% in the last 24 hours.

Top movers

All top 100 coins are in the green today. Standout gainers include Anchor with 18%, Arweave with 11%, Kadena and Quant with 13%, and Stacks, Maker, Fantom, and Decentraland with 10% each.

Hedera’s token HBAR currently ranks #33 on CoinMarketCap and is inching its way toward the top 20 biggest coins by market cap thanks to a stellar recent performance. It added 15% to its value today.

Trending

Doge Rise Up is barking the loudest now. The Binance Smart Chain token, which features automatic liquidity pool growth and holder rewards through taxes on transactions, is up 314% in the last 24 h.

BCOIN is the in-game token of Bombcrypto, a classic play-to-earn game. After a series of exciting updates and upgrades, it has gained 180%.

The post Highlights Feb 23: Intel reveals BTC mining chip, major cryptos rebound appeared first on Coin Journal.

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BCOIN is surging, added 180% to its value in 24 hours: where to buy BCOIN

Cartoon Style Bomb with a BitCoin in front of it to represent Bomber Coin

BCOIN is the in-game token of Bombcrypto, a classic play-to-earn game. After a series of exciting updates and upgrades, it gained 180%. 

Look no further than this article for the details on BCOIN: what it can be used for, is it worth buying, and the top places to buy BCOIN if you choose.

Top places to buy BCOIN now

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

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

What is BCOIN?

BCOIN is a token on Binance Smart Chain, which allows holders to play, exchange, invest, and play a role in game ecosystem development. 

BCOIN has high security and liquidity and is easy to exchange, which lets users not only enjoy Bombcrypto, but also profit from it.

BCOIN is the utility token built into the core game system that powers all game progress and developments. Owners can earn rewards through in-game by playing the game and participating in key governance votes.

In the first quarter of this year, players will be able to stake their tokens. They will receive powerful VIP privileges and rewards in return.

Apart from serving as in-game currency, the token speeds up the process of opening the hero box to withdraw tokens. It charges energy quickly, gives access to tickets to battle royale and other exciting events, and lets you create a clan.

Users can stake BCOIN to upgrade their VIP rating. The higher the VIP level, the more incentives for the player.  

Should I buy BCOIN 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.

BCOIN price prediction

Digital Coin Price is bullish on BCOIN. They predict a gradual increase until 2031. It will reach $0.82 this year and $0.95 next year.

In 2024, it will go up to $1.04 and to $1.31 in 2025. The price level is $1.62 in 2027 and $2.51 in 2029. In 2030, one BCOIN will trade for $2.88. It will reach $3.30 the following year.

BCOIN on social media

The post BCOIN is surging, added 180% to its value in 24 hours: where to buy BCOIN appeared first on Coin Journal.

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Komodo (KMD) up 5% in 7 days: factors behind the jump as a majority of coins drop

Komodo (KMD) coin prices have jumped 5% amid the global crypto bloodbath and despite today’s pullback is poised for a major take-off going by its recent price movements.

Today, the KMD coin started by shooting up by more than 25% to clinch a daily high of $0.657233, before pulling back to a price of $0.478111 at the time of writing.

Let’s take a deep dive into the factors fuelling Komodo’s price surge.

What is Komodo and why is its price rising?

In a nutshell, Komodo is an open decentralized multi-chain platform. Its native token is KMD.

Both the Komodo platform and the KMD coin have been gaining traction across the crypto space because of Komodo’s alternative approach to achieving cross-chain interoperability.

Below are the main reasons contributing to the current KMD price hike.

1. Multiple blockchain networks integration

One of the best and major developments that the Komodo protocol has made this year is the recent support for 13 separate blockchain networks on AtomicDEX.

AtomicDEX offers support to Ethereum Virtual Machine-compatible networks and networks that share a source code with Bitcoin (BTC) like Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).

Also, according to comments from different parties, there is a possibility of some more coins like Cosmos, Polkadot, and Digibyte getting integrated on AtomicDEX in the future.

2. Launching NFTs on Komodo Network

The other reason for the KMD price surge is the launching of Non-Fungible Tokens (NFTs) on its ecosystem. The most recent NFT collection to be launched is the upcoming launch of Cyber Komodos, a collection of 777 unique Komodos with varying rarity that is scheduled for launch on 15th, March this year on the Tokel NFT platform.

Currently, NFTs are trending the most within the crypto space and they are attracting both new users as well as engaging their communities.

3. Cross-chain interoperability

Achieving secure cross-chain interoperability has not gone unnoticed. Most of the cross-chain projects have been faced with security challenges with some being exploited by hackers. The most recent high-profile exploit of cross-chain bridges is the Wormhole bridge hack on the Solana network.

The post Komodo (KMD) up 5% in 7 days: factors behind the jump as a majority of coins drop appeared first on Coin Journal.

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Bitcoin could fall to $30,000 with this ‘perfect storm’ of factors, analyst says

  • The Russia-Ukraine crisis, higher rates, and new crypto regulations in the US could be the “perfect storm” that sends Bitcoin to $30,000, said the analyst.
  • Bitcoin tested lows of $36,500 and is finding it hard to stay above $38k amid investor uncertainty.

Bitcoin is down 3% in the past 24 hours, with price movement on Tuesday including an intraday low of $36,500.

The bellwether crypto is down more than 11% this past week and fell heavily on Monday amid a confluence of macro factors analysts say could combine for a ‘perfect storm’ of negative price drivers.

As of writing, the cryptocurrency has bounced above $37k but remains weak. According to one analyst, the current market conditions might see BTC prices fall below the major support level at $30,000.

This could be the „perfect storm“

On Monday, Russian President Vladimir Putin signed a decree recognizing the self-proclaimed republics of Donetsk and Luhansk as independent. He then followed it up with an order sending troops into the Ukrainian regions, prompting sanctions from the US, and the European Union. The UN Security Council also met and condemned Putin’s move.

Bitcoin price reacted alongside stocks to hit multi-week low, with further rot likely as US markets opened after Monday’s President Day holiday.

The fresh downside pressure comes amid continuing jitters among investors as the US Federal Reserve looks to implement the first of many rate hikes.

Meanwhile, the crypto market is anticipating a regulatory shift in the US with an impending executive order from the White House.

„The Ukraine crisis, compounded by rising interest rates and crypto regulations in the US, may create a perfect storm driving the bitcoin to test the $30,000 level,“ CloudTree Ventures’ Winston Ma told the Street.

According to him, Bitcoin continues to act “more like high growth tech assets,” and the risk-off sentiment may greatly influence crypto markets.

Crypto analyst KALEO says there is the possibility of a bullish bounce to $40,000 and above. However, with weakness still abounding, the next major support level could be found at $32,000.

“BTC found support at the base of the Feb 3rd lows where we saw the bullish leg up. Macro structure still looks weak, and I wouldn’t find any confidence in this bounce until a break above $40K. Still expecting this to slowly bleed out until a breakdown to ~$32K,” he said.

Bitcoin was trading around $37,785 at the time of writing.

The post Bitcoin could fall to $30,000 with this ‘perfect storm’ of factors, analyst says appeared first on Coin Journal.

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Feb 22 highlights: Cryptos plummet, prospect of war causes European market selloff

The major cryptos were affected by the developing news on the Russia-Ukrainian border. European shares dropped sharply yesterday as the prospect of war between Russia and Ukraine became more real.

Every single company on the EUSTX50 (-2.62%), an index of the 50 largest eurozone companies, finished in the red yesterday.

Top cryptos

Avalanche and Cardano plummeted more than 14%, XRP was down more than 13%, Solana fell 12%, BNB slid 9%, and Ethereum 8%. 

Bitcoin was trading below $37,000 at time of writing, down more than 6% over the past 24 hours. Cosmos fell out of the top 20.

Top movers

It was almost all gloom and doom in the top 100 as well. It has been a decidedly bad day for metaverse tokens. Decentraland lost almost 13%, Fantom, Stacks, Neo and Oasis Network dropped 14%, and Axie Infinity shed 12% of its value.

Tezos and Gala also declined by 14%. Harmony and Quant each lost 16%, reversing recent gains. The biggest loser in the top 100 was Theta Fuel with -19%, almost a fifth of its value.   

The only crypto in the green today was Anchor Protocol, up 5% at the time of writing.

Trending

OBROK is the native token of OBRok Project, a team working on space and aeronautical sciences. They aim to solve problems with rising costs of transportation of satellites and electronic devices in space. OBROK has gained 643% today.

ALPINE, the token of Alpine F1 Team Fan, is trading for around $7 with a 24-hour trading volume of $656.3 million. It added almost a third to its value after Alpine revealed the A522, its 2022 blue and pink challenger. 

Lido is a liquid staking solution for Ethereum and one of today’s biggest gainers, up 16% at the time of writing.  

The post Feb 22 highlights: Cryptos plummet, prospect of war causes European market selloff appeared first on Coin Journal.