Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Here is why recently launched BSC metaverse coin CryptoSword (SWD) is up over 400% today

While crypto markets have been trading sideways over the week, several metaverse coins have seen significant price gain, with CryptoSword (SWD) gaining over 400% today as others see only a double-digit percentage price increase.

At the time of writing, it was $0.1421; up 453% in the last 24 hours according to CoinMarketCap. It has hit a high of $0.3158 and a low of $0.02447 in the last 24 hours.

But why is the SWD coin rallying? Here is a deep dive into the behind-the-scenes of the current CryptoSword bullish trend.

What Is CryptoSword?

Before we look into the current CryptoSword bullish trend, it is important that we first explain what CryptoSword is for the sake of those who do not know what it is.

In a nutshell, CryptoSword is a Metaverse-based Game-Fi project on Binance Smart Chain that allows gamers to play games and also earn as they play. Its native cryptocurrency is SWD.

The CryptoSword players must have more than one sword in their wallet to start playing the sword battle. A sword costs $50+ 0.04 BNB, which is a reasonable price to start with.

There are different swords with different styles and levels. The swords include Legendary, Mythical, Common, Unique, Epic, and Rare.

The game also has Rounds that reset once a day, however, the number of times a sword can enter the fight and last time corresponds to the Rounds.

Players challenge mysterious enemies depending on the sword level after minting their swords. The players then receive rewards depending on the fight level difficulty. Players receive a base reward of 5USDT worth of SWD tokens.

The game is looking forward to developing a complete Metaverse experience where players can go to battle mode and fight unknown bosses after practicing and training their skills, the skill level of the player will be related directly to the number of rewards to earn. However, some features are not yet available since the game is still under development

Why Is Crypto Sword (SWD) price rallying?

CryptoSword (SWD) coin has been bearish since it was listed on CoinMarketCap on 10th January 2022; something that changed today after the coin surged by more than 400%.

Today on their Twitter handle, CryptoSword announced that their V2 metaverse Battle Mode is fully complete ready to open for the public.

The announcement about the new features has excited crypto traders resulting in a significant trading amount volume of $ 4.3 million and a fully diluted market cap of $762,771.

The post Here is why recently launched BSC metaverse coin CryptoSword (SWD) is up over 400% today appeared first on Coin Journal.

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Dogecoin spikes after Elon Musk ask McDonald’s to accept DOGE payments

After a sharp drop in the last two weeks, Dogecoin is now green. It jumped 10% yesterday and it’s still rising today.

At the time of writing, it was $0.1488; up 9.25% in the last 24 hours according to CoinMarketCap. It has hit a high of $0.1511 and a low of $0.1383 in the last 24 hours.

Now let’s see what the hike is all about.

Elon Musk and McDonald’s Twitter feud that has Dogecoin’s price surge

The Dogecoin price surged after a Twitter feud between McDonald’s and Tesla and Space X CEO Elon Musk. Musk had Tweeted saying that he would eat a happy meal on live TV if the fast-food giant, McDonald’s, accepts Dogecoin (DOGE) as the official payment system.

A few minutes after the tweet, DOGE price hiked 7% from $0.135 to $0.145 and the bullish momentum continues today as the two continue exchanging in the to and forth tweets that have attracted the attention of other crypto bigwigs including the co-founder of Dogecoin.

Tweets from Musk have been having a great impact on the market prices since he started tweeting about the meme coin. Previously, he had tweeted announcing that Tesla had started accepting DOGE for its merchandise using; something that caused the DOGE price to jump by 25%. 

After the recent Tweet from Musk targeting MacDonald’s, McDonald’s responded ten hours later saying that it will only accept his offer if Tesla accepts Grimacecoin, a fake coin depicting a fuzzy purple McDonaldland mascot from the ‘80s called “Grimace”. 

Crypto opportunists quickly responded to McDonald’s tweet involving Grimace coin saying that buying the coin would not be a wise financial move since it was created a few hours ago, although it was already minted on Binance Smart Chain.

The media mainstream is trying to cover Musk’s erratic online behavior by amplifying his crypto tweets causing him to jump on a bandwagon of McDonald’s crypto memes that have been recently gaining popularity on Twitter. 

The Salvadoran president, Nyib Bukele, whose government had recently bought BTC dip before adding an extra 410 bitcoins at $36000 each in the recent dip, joined the tweeting spree by uploading a poorly edited photo of Musk with a McDonald branded hat and a nametag on 23rd January

Musk seems to be comfortably pushing for Dogecoin despite Tesla ownership of more than 42000 Bitcoin with an average of $ 31,700 per coin. He recently said in Time Magazine:

 „Fundamentally, Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions.”

The post Dogecoin spikes after Elon Musk ask McDonald’s to accept DOGE payments appeared first on Coin Journal.

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Market highlights January 26: Cryptos stage comeback, oil and commodity stocks take UK100 higher

The crypto market was in the green over the past 24 hours, as the majority of top 10 cryptos were higher at time of writing. The UK100 rose 1.09% yesterday as oil and commodity stocks boosted the index, rebounding from a rout the day before that saw it wipe out all its gains for 2022. 

US markets fell again yesterday as investors held their breath ahead of a Fed policy decision to be announced today. 

Top cryptos

Bitcoin registered gains of approximately 4%, trading above $37,000 this morning. Ethereum and Cardano were up around 3% each, while XRP climbed around 4%. Dogecoin jumped around 8%. It continues to rally after a supportive Musk tweet yesterday, after which it gained another 8%.  

Outside the top 10, Polygon registered gains of around 12%, making it the biggest winner in the top 20 coins by market cap today.

Another big gainer is CRO, the native token of Crypto.com crypto exchange. Its price today is $0.406 with a 24-hour trading volume of $168.45 million. Crypto.com Coin is up 9% in the last 24 hours. 

Top movers

The vast majority of top 100 coins were in the green at the time of writing. Notable standouts were NEAR and Stacks (+10%), Klaytn, Elrond, BAT, and BORA (+11%), Enjin and Secret (+12%), and Helium (+15%).   

Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Its token Flow gained 13% today.  

Gala suffered massive losses since November 28, 2021, but it’s trending again, having surged about 20% today. As the increase is not propelled by any major news, analysts expect that the price has nowhere to go but up now. Gala was the most profitable metaverse token in 2021.

An equally impressive rally is that of the Amp token, which gained 21% today on news of considerations on the part of Grayscale Bitcoin Trust to add it to their portfolio.  

The biggest gainer in the top 100 is definitely Waves, the token of a multi-purpose blockchain platform which supports various use cases, including decentralized applications (DApps) and smart contracts. Waves is up 37% in the last 24 h, reversing recent losses spectacularly.  

Trending

NinjaFloki continues its bull run. The gaming-based, passive income generating cryptocurrency is up 533% today.  

The post Market highlights January 26: Cryptos stage comeback, oil and commodity stocks take UK100 higher appeared first on Coin Journal.

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You can buy Polygon today, the biggest top 20 winner: here’s where

The live Polygon price today is $1.61 with a 24-hour trading volume of $1.55 billion. It is easily the biggest winner in the top 20 coins by market cap today, having added 11% to its value in the last 24 hours.

Look no farther than this quick guide for all the details around Polygon, whether it makes a good investment, and the best places to buy Polygon today.  

Top places to buy Polygon now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy MATIC with eToro today

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Buy MATIC with Plus500 today

What is Polygon?

Polygon (formerly Matic Network) is a Layer 2 scaling solution that seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

It combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework enables easy execution of scalable and autonomous smart contracts.

Polygon is building new features around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

It boasts of up to 65,000 transactions per second on a single side chain along with block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

Should I buy Polygon today?

Polygon can be a lucrative investment, but we recommend doing market research before you commit. It can reverse its gains just as easily.  

Polygon price prediction

According to Coin Price Forecast, Polygon will trade for $3.65 at the end of this year, which corresponds to gains of +42% in value. They expect to see $2.25 per 1 MATIC in the middle of 2022.

In the first half of 2023, MATIC will reach $3.79. In the second half, they predict another increase. It will trade for $4.19 at the end of the year, which is +166% to the current price.

Polygon on social media

The post You can buy Polygon today, the biggest top 20 winner: here’s where appeared first on Coin Journal.

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Dogecoin still gaining on Musk tweet, up 7% in 24 h: here’s where to buy Dogecoin

Elon Musk seems intent on giving Dogecoin permanent staying power. The ur-meme coin continues to gain after he tweeted he would eat a happy meal on TV if Macdonald’s started to accept Dogecoin as payment.

If you are attracted to unique features and want to learn how and where to buy Dogecoin, this guide is for you.

Top places to buy Dogecoin now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy DOGE with eToro today

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Buy DOGE with Plus500 today

What is Dogecoin?

Dogecoin (DOGE) is based on the popular „doge“ Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme.

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency.

Should I buy Dogecoin 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.

Dogecoin price prediction

2021 was a great year for DOGE by all accounts. It was trading for $0.0057 at the beginning of the year, reached $0.034 in February, and then went up to $0.74 in early May. However, the coin had lost a large portion of its value about a month later.

Some analysts expect DOGE to hit an ATH of $1 in 2022. Others are less bullish. It can go up to a maximum of $0.40 according to Wallet Investor.

Dogecoin on social media

The post Dogecoin still gaining on Musk tweet, up 7% in 24 h: here’s where to buy Dogecoin appeared first on Coin Journal.