Kategorie: Crypto Markets

Kava is a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield. Kava is up 10.22% in the last 24 hours. If you want to know what Kava is, is it a good long term investment, and the best places to buy Kava now, look no farther than this guide.  

Top places to buy Kava now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

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What is Kava?

The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.

Built on the Cosmos blockchain, Kava makes use of a collateralized debt position (CDP) system to ensure stablecoin loans are always sufficiently collateralized. If a borrower fails to maintain their collateral above a required threshold, the Kava liquidator module will seize collateral from failing CDPs and send it to the auction module for sale.

In addition to Kava’s USDX stablecoin, the Kava blockchain also includes the native KAVA token. This is a utility token used for voting on governance proposals and also functions as a reserve currency for when the system is undercollateralized.  

Should I buy Kava today?

Before investing in Kava, read analysts’ opinions and market predictions and do in-depth market research. Never invest more than you can afford to lose and take investment advice with a grain of salt.   

Kava price prediction

According to TradingBeasts, Kava is a poor investment. They predict Kava will drop from its current price of $4.82 to $3.53 by the end of 2023.

Kava on social media

#kava $kava #BTC

stop belirleyiniz pic.twitter.com/aFxxJ1AH2m

— fiboborsa 🇹🇷🏹🎯🕊 (@fiboborsa) January 4, 2022

 

The post Kava is skyrocketing, up 10% in 24 hours: top places to buy Kava now appeared first on Coin Journal.

RavenCoin has been registered impressive gains over the past weeks. The 83rd biggest coin by market cap is trading for $0.13 today with a 24-hour trading volume of $482 million. It has gained 9.82% in the last 24 hours. Its price surged yesterday on occasion of its 4-year anniversary. If you want to know more details about RavenCoin, including where to buy RavenCoin, you’ve come to the right place.  

Top places to buy RavenCoin now

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

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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)

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What is RavenCoin?

Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was announced on Oct. 31, 2017 and released binaries for mining on Jan. 3, 2018 with what is called a fair launch: no pre-mine, ICO or masternodes. It was named in reference to the TV show Game of Thrones.  

Should I buy RavenCoin today?

Take the time to read price predictions before you invest in any cryptocurrency because they can be very volatile and unpredictable. Don’t be over-reliant on them either; they’re best supplemented by thorough market analysis.  

RavenCoin price prediction

Wallet Investor predicts a long-term increase – to $0.46 in 5 years. A 5-year investment will generate revenue of around 253%. A $100 investment now could reach $353 in 2027.

RavenCoin on social media

$RVN #ravencoin https://t.co/JVRNa9ym6H

— STARDOGmining (@GARY_J_poker) January 4, 2022

 

The post You can now buy RavenCoin, the token that gained 10% in 24 hours: here’s where appeared first on Coin Journal.

• Regulatory clarity and institutional adoption are areas of note for the crypto space in 2022, says the FTX chief executive Sam Bnakman-Fried.

• FTX CEO says the industry should expect the first batch of crypto regulation this year.

Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, has said that the crypto space could see an explosion in institutional investments in 2022, citing the potential for more clarity in the regulatory climate in the US and across the globe.

Although he sees the “first batch” of crypto regulations out this year, Bankman-Fried says the industry should not expect so much movement around the topic.

The FTX boss says that a lot of what happened in 2021 was just “preparatory” work, adding that he doesn’t think there will be loads of activity. But he is “optimistic” that institutional investors will be ready if the regulatory climate is conducive for them to make a splash.

„I do think that there’s going to be a lot happening this year. We’ve already seen what happened last year,” he said, adding that “a lot of that has been preparatory.“

A long march to institutional crypto adoption

Bankman-Fried told Bloomberg in an interview that should major institutional players see a move towards clear oversight and regulation, the amount of investment that could come into crypto would be in a “tidal wave.”

Yet, he feels that the much anticipated global institution adoption of crypto might not happen in a swoop this year. Just like with the move towards global regulation, he believes it’ll take time for widespread mainstream adoption of cryptocurrencies on Wall Street.

According to him, this whole process could span a few more years even as the market grows.

„It’s going to be a long process, probably stretched out over a few years,“ the FTX chief noted.

On the question of who it is in the investment world, he sees getting onto the crypto bandwagon in 2022 and beyond, Bankman-Fried pointed to  “every large bank, every large investment bank, [and] pension funds,” He noted all these players have explored the crypto sector.

The FTX CEO also talked about metaverse and non-fungible tokens (NFTs), sectors that have Big Tech and Wall Street buzzing. These were breakout technologies in 2021 and Bankman-Fried believes they could be key components of the Web 3.0 space.

Sam Bankman-Fried also talked about the issue of crypto regulation in December, emphasising the need for proper oversight that promotes the industry. He told CNBC’s “Mad Money” show :

“Let’s make sure that the regulatory oversight that needs to be there is there and oversight that doesn’t make sense isn’t gumming the industry,”

It’s a call many within the crypto space have made, with countries such as the US, UK, and India showing signs and intent in 2021.

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Crypto market as a whole is bearish, particularly the top 20. The DJ30 (+0.68%) and SPX500 (+0.64%) hit fresh highs yesterday in the first trading session of 2022. The NASDAQ100 (+1.2%) also closed higher. Tesla was the standout performer on the SPX500, advancing 13.5% after smashing analysts’ sales expectations.

Top cryptos

Most of the top 20 by market cap have lost value, with Polkadot and Algorand being exceptions in the top 12. Solana dropped more than 3%, Cardano and BNB were down more than 2.5% and XRP slid more than 2%. Bitcoin was trading above $46,000, down approximately 1.5% at time of writing.

The live NEAR Protocol price today is $17 with a 24-hour trading volume of $1.4 billion. NEAR Protocol, which ranks 15th, is up almost 20% in the last 24 hours.

Fantom, ranking at #19, was trading at $2.89 at the time of writing. It is up 19% in the last 24 hours. It is relentless as it corrects its previous pullback. It has been on a constant bull run since December 13, 2021, and analysts believe it will reclaim its ATH of $3 before the end of January.

Another winner is ATOM, the token of Cosmos. Its price today is just over $39 with a 24-hour trading volume of $2 billion. Its native token, ATOM, is up 10% in the last 24 hours.

Top movers

Hathor is the biggest top 100 winner today with gains of 25%. It arranges its transactions in a DAG – outside the blocks – which are confirmed by the blocks. This design reportedly allows Hathor to be highly scalable and decentralized. Hathor aims to tackle the complexity of creating a new token. Tokens in the network will reportedly operate with the same scalability and security parameters as the native HTR token.

Ravencoin is second with gains of 17%. It is a digital peer-to-peer network that aims to implement a use case specific blockchain, designed to efficiently handle asset transfer between parties.

Velas and Secret both gained 13% today. Velas bills itself as the world’s fastest EVM blockchain, enabling up to 75 000 tx/s, processed instantly, with high security and low cost. Secret is the native token of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3.

Akash is the world’s first decentralized cloud computing marketplace, and the DeCloud for DeFi. It is also up 13% today. Tezos has gained 12% in the last 24 hours.  

Trending

Saitama, a community-driven token and platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone, is up almost 50% today. It started as a meme coin, but eventually expanded beyond that. It’s surging on news of a potential Binance listing.

Shuna Inuverse, a next gen gaming NFT utility initiative, is the biggest trending coin of the day with value growth of 831%.

The post Market highlights January 4: Cryptos bearish, Tesla up 13%, leads SPX500 to record high appeared first on Coin Journal.

• Antoni Trenchev is bullish Bitcoin will trade higher this year, possibly hitting $100k in the summer.

• He believes institutional adoption and “cheap money” are key to pushing BTC prices higher.

Antoni Trenchev, the co-founder of the crypto lending platform Nexo, argues that the next six months could see Bitcoin price surge to the psychological target of $100,000.

Bitcoin failed to reach the $100k mark in 2021, fading its bull run in November when it hit the all-time high of $69,000. The miss saw bold predictions for the flagship cryptocurrency to reach the milestone before the end of the year rehashed for a fresh bid in 2022.

Trenchev isn’t alone in calling for a BTC price in the six-figure zone. Last week, El Salvador president Nayib Bukele also made this call, noting in via Twitter that the year will also see two other countries adopt the benchmark cryptocurrency as legal tender.  

2022 predictions on #Bitcoin:

•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf

— Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022

But while his prediction has Bitcoin at the landmark target by end of the year, Nexo’s Trenchev says it’s possible the threshold could be breached even earlier. He told CNBC’s “Street Signs Asia” that pioneer cryptocurrency could be trending at $100,000 by mid-year.

Inflation hedge and “cheap money” 

Trenchev is looking at two scenarios that could aid Bitcoin’s upward price trajectory. He sees a spike in institutional investment as a boon for the industry, with inflows into Bitcoin aiding the bullish case. On this, he suggests inflation will see a growing number of investors seeking a hedge asset like Bitcoin. 

He also believes there’s a lot of “cheap money” ready to come into crypto, despite this likely to be upended by Fed interest rate hikes.

Noting that he holds a “contrarian” view, the Nexo boss believes the money will flow into Bitcoin as an inflation hedge. He looks at the scenario where equities and bond markets take a hit as soon as the central bank hikes the interest rates.

Yet, according to him, there hasn’t been “much political will” for an extended correction in the legacy markets, which could play out in support for “cheap money” flowing into Bitcoin.

Nexo launched its crypto lending service in 2018 and says on its website that its available in more than 200 jurisdictions, with over 2.5 million customers.

In the market, Bitcoin currently trades around $46,260 after breaking below $50,000 once again.

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