Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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You can now buy OOKI, which gained 85% today: here’s where

OOKI is surging on news of a Binance listing among others. Look no farther than this article if you want to know what OOKI is, whether it’s a good investment, and the best places to buy it now.   

Top places to buy OOKI now

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

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

What is OOKI?

Ooki is a decentralized protocol for margin trading, borrowing, lending and staking enabling the building of dApps for lenders, borrowers, and traders to interact with the most flexible decentralized finance protocol on multiple blockchains.

Ooki is a fully decentralized, community-run project, governed by the community vote for all major changes to the protocol. The token allows the Ooki community to govern the protocol through staking OOKI token and voting in the Ooki DAO.

OOKI token holders receive a portion of protocol revenue. 50% of fees generated by the protocol are distributed to OOKI stakers. The remaining 50% of fees are allocated to the insurance fund and Ooki treasury.

Should I buy OOKI today?

Study the market and read price predictions before you commit to an investment in OOKI. It can reverse gains just as easily.  

OOKI price prediction

Digital Coin Price is bullish on OOKI. It is currently trading for $0.024 and they predict it will rise to $0.03 by the end of the year. It will reach $0.04 in 2024 and $0.05 in 2025. In 2026, it will fall back down to $0.046, but it will go up to $0.06 the following year.

In 2028, 1 OOKI will trade for $0.087 and for $0.105 the next year.

OOKI on social media

The post You can now buy OOKI, which gained 85% today: here’s where appeared first on Coin Journal.

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Here is why Vulcan Forged (PYR) price is skyrocketing

Vulcan Forged (PYR) price is skyrocketing. At the time of writing, had gone up 17.14% to trade at $13.80 up 17.14% with a daily high of $14.30 and a daily low of $11.84 in the last 24 hours.

PYR currently has a trading volume of $90,542,432, a market cap of $329,857,824, a circulating supply of 23,897,700 PYR coins, and a max. Supply of 50 million PYR coins.

In this article, we shall delve into what is making the PYR coin price rally.

What is Forged (PYR)?

Before we look into the current bullish, it’s important we first explain what Vulcan Forged is.

In a nutshell, Vulcan Forged is a blockchain NFT marketplace and game studio that is in the process of developing its metaverse ecosystem called VulcanVerse. PYR is its native utility token.

So, why is the price of PYR on the rise?

This week the PYR token has been on the top while a majority of the metaverse and NFTs related project tokens recover from the recent bear market.

There are three main reasons behind the current Vulcan Forged (PYR) price surge. These include the launching of the Elysium testnet, listing of 100 plots of land for sale within the VulcanVerse ecosystem, and launching of a PYR bridge between Polygon and Ethereum.

1. Launching of the Elysium testnet

The high gas fees related to the Ethereum Network has pushed many projects to launch solutions aimed at lowering the cost of deploying metaverse and NFT related project. That is why Vulcan Forged decided to launch the Elysium blockchain that it refers to as the blockchain for Metaverse.

Elysium will become the first carbon-neutral blockchain in the world and it shall work in collaboration with the Netherlands-based decentralized carbon credit exchange Coorest. Coorest will be responsible for offsetting the CO2 emitted by the Elysium blockchain using tokenized trees and gas fees from transactions.

The environmentally-friendly approach has caught the attention of other protocols and other metaverse projects have started showing interest in Elysium.

2. Listing of 100 plots of land for sale within the VulcanVerse ecosystem

The plots of land available for purchase have led to an increase in token price and demand since the traders need to accumulate PYR tokens to purchase the plots of lands.

The limited listing of 100 plots was the main contributor to last week’s bullish momentum.

Apart from the plot holders earning 35 PYR coins per month in the next four years, the plots of land can also be used to earn through rent or gameplay.

3. Launching of a PYR bridge between Polygon and Ethereum

The success of VulcanDex, a decentralized exchange protocol that operates on Ethereum and Polygon Networks, is also seen as a major contributor towards the current PYR bullish trend.

As of 29th January, VulcanDEX had a total value locked of more than $10 million and the protocol is in the process of integrating a cross-chain bridge between Polygon and Ethereum to enable the simple transfer of PYR tokens between them.

The post Here is why Vulcan Forged (PYR) price is skyrocketing appeared first on Coin Journal.

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Market highlights February 2: Cryptos mostly in the green, cruise stocks push US indices up

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

US indices put a poor January behind them to finish higher yesterday. Cruise stocks Carnival Corp (+5.51%), Norwegian Cruise Line Holdings (+3.7%), and Royal Caribbean (+4.24%) made waves amid changing investor sentiment towards the sector.

The UK100 (+0.35%) finished up yesterday as sentiment turned bullish ahead of the Bank of England’s latest interest rate decision on Thursday.

Top cryptos

Bitcoin remained flat, trading above $38,000 at time of writing. Ethereum and XRP were up around 1% each, and Cardano registered gains of around 2%. Solana and Polkadot were also higher, climbing around 3% and 4%, respectively.

Top movers

Most cryptos outside the top 20 gained or lost 2-4% in the last 24 h. Notable gainers include Internet Computer, which is rallying again, Ethereum Classic, and UNUS SED LEO. Each added 8% to its value today. Render token also continues its rally. It gained 9% in the last 24 h.

Quant is easily the biggest winner of the day. The network launched in June 2018 with the goal of connecting blockchains and networks on a global scale without reducing the efficiency and interoperability of the network. Its native token is up 23% today.

Trending

The cryptocurrency Adventure Gold is rallying today, riding the success of the NFT market and metaverse tokens like MANA and SAND. The native ERC-20 token of the Loot non-fungible token (NFT) project gained 112% in 24 hours.

Another popular coin today is IDEX, which describes itself as the first hybrid liquidity DEX that combines an order book model with an automated market maker. It added around 33% to its value.

The post Market highlights February 2: Cryptos mostly in the green, cruise stocks push US indices up appeared first on Coin Journal.

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Here is the reason why QuickSwap (QUICK) has been rallying for the last two days

QuickSwap price has been rallying for the last two days. This bullish trend is a good start for the month and it is still green.

On January 31, the QUICK price jumped 50%. Yesterday (February 1) it went ahead to register another surge of 168% from $166.40 to a daily high of $250.

At the time of writing, QuickSwap is trading at $194.50 and is up 10.73%. It has hit a high of $231.92 and a low of $175.56 in the last 24 hours; after a slight retracement from yesterday’s high.

But why is the QuickSwap rallying? Let’s see what the rally is all about.

What is QuickSwap (QUICK)?

Before we take a deep dive into the current QuickSwap price movement, it’s important to first explain what it is for those who are coming across it for the first time.

QuickSwap is a decentralized exchange that runs on the Polygon Network to provide cheaper and fast transactions. Its native token is referred to as QUICK.

Why is QuickSwap rallying?

The huge QUICK price surge started immediately after QuickSwap’s partnership with CelsiusX.

The partnership aimed at bridging the gap between centralized finance (CeFi) and decentralized finance (DeFi). It will enable users to have control over their assets in the cryptocurrency ecosystem.

CelsiusX and QuickSwap partnership

The announcement of this partnership was the most significant on the recent development on QuickSwap. The CelciusX banking and financial service platform will help QuickSwap in bridging DeFi and CeFi.

The partnership will also allow for the creation of wrapped versions of the Dogecoin (DOGE) and Cardano’s ADA together with well-funded liquidity pools for assets for users, institutions, arbitrageurs, and bots to easily access the tokens.

ADA and DOGE holders will also be able to use their assets in DeFi to earn yields.

New high yield liquidity pools and NFT projects

The launch of new liquidity pools is also another factor attributed to the surge in QUICK’s price.

The high yield liquidity pools come after several integrated bridges and projects were launched in January on the Polygon Network.

Besides the additional high yield liquidity pools, QuickSwap has also seen additional support for NFT projects which have been gaining momentum amid the weak crypto market.

Some of the newly supported NFTs are OneRare, UniArts, Blockchain Monsters Hunt, and Dogira.

The post Here is the reason why QuickSwap (QUICK) has been rallying for the last two days appeared first on Coin Journal.

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GARI Token making waves in India: Here’s why Garicoin is up 100% in the past week

  • GARI airdrop as the Chingari app is also set to integrate the GARI token on 5 February.
  • Social app Chingari is making it easy for creators and influencers monetize content, giving them a lucrative platform to earn crypto and non-fungible tokens (NFTs)
  • India appeared to recognise crypto with a tax proposal on Tuesday

GARI token, the first social cryptocurrency token in India, has surged more than 100% this past week.

Over the past 24 hours, Garicoin price is up 20% and the GARI/USD pair has seen an intraday volume of $31.8 million according to data from CoinGecko. Daily trading volume is up 78%. GARI is even the top bullish trend on the USDT pair on the crypto exchange Gate.io, with over 160 tweets in the last hour about the token adding to the fact that this coin is hot.

GARI/USDT traded at lows of $0.25 on 24 January but rallied to $0.63 on 1 February 2022. Currently, it trades around $0.62. Its all-time high is $0.78, reached on 18 January 2022.  

Here is a chart of the GARI/USDT pair. Source: TradingView

But what is making the relatively unknown crypto token command such volume and interest from the crypto community?

Why GARI token rallied tenfold this week

The 100% upside seen in the Garicoin token is down to excitement among users of the Chingari App, a top social platform in India with over 32 million active users. 

India has a population of 1.38 billion people, giving the app room for further growth and potential price implication for the GARI token.

The app is powered by the GARI token, which was launched in late 2021 and reportedly moving towards integration into the popular app later this week. An airdrop towards has been ongoing as the launch nears.

The momentum seen in the day could also be down to the crypto community’s reaction to the Indian government’s signal that they may not ban cryptocurrencies after all. This happened as the country sought to introduce a 30% tax on crypto income, including NFTs.

Celebrity ambassador

Since its launch on October 16 last year, the GARI token has carried somewhat of a celebrity aura around. The appearance of Bollywood star Salman Khan and other household names at the launch of the crypto-focused social platform Chingari highlighted it to the crypto community in India.

Over the past two months or so, a growing pool of content creators and influencers seeking to monetize their talent has flocked to the blockchain-based platform, elevating demand for the GARI token.

The growth in NFTs is also a key factor in the increased demand for the coin, with users earning NFTs and monetizing them through features such as play-2-earn.

The post GARI Token making waves in India: Here’s why Garicoin is up 100% in the past week appeared first on Coin Journal.