Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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You can now buy Tectonic, which is shaking market foundations: here’s where

Tectonic is a decentralized money market protocol that allows users to participate as liquidity suppliers or borrowers. It started rallying after a Crypto.com listing at the beginning of this month.

It is also a big gainer today, having added 29% to its value in 24 h. Look no farther than this short, but informative article to find out where the best places to buy Tectonic now are.   

Top places to buy Tectonic now

What is Tectonic?

Tectonic is a protocol, within which suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion.

Tectonic’s protocol design and architecture references Compound, a proven and audited protocol. It is complemented with an attractive incentive program powered by $TONIC, the native token of Tectonic protocol.

In summary, Tectonic protocol aims to provide secure and seamless cryptocurrencies money market functionalities, enabling multiple use cases for its users.

Hodlers can generate additional returns from interest by supplying assets to the protocol without having to actively manage their assets.

Traders can borrow certain cryptocurrencies to capitalize their short-term trading view or yield maximizing opportunities.

Users can obtain access to other cryptocurrencies for multiple purposes without having to liquidate their original assets.

Should I buy Tectonic today?

Before you commit to an investment, take the time to read at least several price predictions and study the market. The amount you invest depends on your risk tolerance.    

Tectonic price prediction

Tech News Leader predicts Tectonic can reach $0.00000150 in one year, which is more than double its current price. It will be worth $0.00000421 in 5 years and $0.00002595 in 10.   

Tectonic on social media

The post You can now buy Tectonic, which is shaking market foundations: here’s where appeared first on Coin Journal.

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Frax Share added 24% to its value in 24 hours: top places to buy Frax Share now

Frax Share (FXS) is the native token of Frax Protocol, the first fractional-algorithmic stablecoin system in history. It is performing splendidly, up 24% today alone.

If you want to know more details about Frax Share, if it’s worth investing in, and the top places to buy it now, you’ve come to the right place.

Top places to buy Frax Share now

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

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

What is Frax Share?

Frax is open-source, permissionless, and entirely on-chain, currently implemented on Ethereum. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.

The protocol incorporates the concept of fractional algorithm. Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic.

The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin.

If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

It is community governed and emphasizes a highly autonomous, algorithmic approach with no active management.

Should I buy Frax Share today?

Frax Share can be a lucrative investment, but it’s important to read at least several price predictions and take all investment advice with a grain of salt.   

Frax Share price prediction

Price Prediction forecasts the price of Frax Share will be at least $35 in 2023. The Frax Share price can reach a maximum level of $43.24 with the average price of $35.90 throughout 2023.

In 2024, they predict the price of Frax Share will be at a minimum of $49.23. It can go up to as much as $60.63. The next year, 1 FXS will trade for at least $70.00.  

Frax Share on social media

The post Frax Share added 24% to its value in 24 hours: top places to buy Frax Share now appeared first on Coin Journal.

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MXC is skyrocketing, up 26% today: here’s where to buy MXC

The live MXC price today is $0.09 with a 24-hour trading volume of $34,789,429 USD. We update our MXC to USD price in real-time. MXC is up 25.65% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy MXC, this guide is for you.

Top places to buy MXC now

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

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

What is MXC?

MXC is a Web3.0 infrastructure designed to connect the real world and the metaverse. The network runs on a Proof-of-Participation (PoP) mechanism with Supernodes, which offer scalability and free open networks.

MXC is the native utility token used to provision devices for the free open wireless network, run supernodes on the network via staking MXC tokens, NFT management, mine from the LPWAN and Satellite networks, and edge AI services.

It is also used for governance votes to determine how network resources are allocated.

Should I buy MXC 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.

MXC price prediction

Tech News Leader predicts MXC can go up to $0.18 in 1 year, which is twice its current price. It will be worth $0.57 in 5 years and just under $4 in a decade.

MXC on social media

The post MXC is skyrocketing, up 26% today: here’s where to buy MXC appeared first on Coin Journal.

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Bybit completes Arbitrum integration, funds bitDAO with $134M

Bybit, one of the most dynamically growing cryptocurrency exchanges in the world, has completed the integration of the Arbitrum mainnet, Coin Journal learned from a press release. 

With this integration, exchange users can make deposits and withdrawals in Ether (ETH), Tether (USDT) and USD Coin (USDC) on the Arbitrum network from Jan. 27 onwards.

Arbitrum relieves congestion on Ethereum

Arbitrum aims to relieve congestion on the Ethereum mainnet. The Ethereum Layer 2 (L2) scaling solution is one of the first optimistic rollups with this goal.

The costs of transactions on Ethereum are reduced by using Arbitrum. This is because the latter performs operations off-chain and posts the results to the mainnet to secure proof.

Heradling the next level of trading

As an L2 like Arbitrum allows anyone to ensure correct results, Bybit users will enjoy trustless security rooted on the Ethereum blockchain. That’s not all. Other advantages include Arbitrum’s low gas fees, speed, and rapid throughput.

Most reliable, stable, and liquid exchange

Bybit has proven to be among the most reliable, stable and usable cryptocurrency exchanges and also has the highest liquidity. The exchange boasts a 99.99% up rate all year round with neither downtime nor overload.                     

Ben Zhou, co-founder and CEO of Bybit, commented:   

Arbitrum is a promising and innovative scaling technology that we are excited to bring to Bybit users — with its decentralized, developer-friendly and broad ecosystem support, we continue to offer next level products and services to all crypto lovers.

Bybit contributes $134M to bitDAO’s treasury 

In related news, Bybit announced it has provided funding to Bitdao.io in the amount of $134 million in Ether, Tether, and USD Coin. 

This is equivalent to 2.5bps of futures trading volume between Nov. 1 and Dec. 31 last year according to a tweet by the exchange. The exchange has also pledged to make recurring contributions.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018. It offers a professional platform where crypto traders can find an ultrafast matching engine, excellent customer service and multilingual community support.

The company provides innovative online spot and derivatives trading services, mining and staking products, and API support to retail and institutional clients around the world.

The post Bybit completes Arbitrum integration, funds bitDAO with $134M appeared first on Coin Journal.

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Gal Yosef launches Meta Eagle Club NFT collection

Globally respected 3D artist Gal Yosef is excited to launch his Meta Eagle Club NFT collection, which will be backed by the internationally acclaimed Eden Gallery.

About Gal Yosef

Gal Yosef is well-known in the 3D art and NFT community. He created the swiftly sold out Crypto Bulls Society collection, which earned over $50 million from primary sales and market auctions. He has worked with celebrities like Justin Bieber and DJ Steve Aoki. 

One of his unique NFTs, created through such a collaboration, fetched $214,000 at Sotheby’s. The upcoming Meta Eagle Club NFT collection will feature his lifelike cartoon-style avatars, which are universally adored.

A critical turning point

The collaboration between Gal Yosef and Eden Gallery is a critical turning point in the NFT industry. Projects from accredited artists are emerging front and center.

Through their combined skills and the NFT collection, Gal Yosef and Eden Gallery will bring a new vision to NFT art.

Collection features art world with 12K eagle avatars

The NFT collection, which is the first installment of a series of Gal Yosef’s own collections, features a digital art world named Galyverse. The first collection in this digital world is comprised of 12,000 captivating eagle avatars. Gal Yosef explains the choice of the eagle:

I was searching for a character that could help portray a charismatic avatar, but also one that’s warm and inspiring to others. Depicted as a symbol of freedom in so many different cultures, Eagles, out of the entire animal kingdom, also represent the strong and brave-hearted. Working on the wings and feathers allowed me to soar and explore new heights in 3D art.

Merging art and community

The Meta Eagle Club wants to merge community building with upscale art, an evolving vision, and exclusive physical gallery events. 

It will bring physical artwork to Eagle avatar owners to support NFT collectors. Eden Gallery and RNSNC, its cutting-edge NFT studio, will help make this possible. Collectors will also enjoy additional benefits, including VIP flights around the world.

 

The post Gal Yosef launches Meta Eagle Club NFT collection appeared first on Coin Journal.