Kategorie: Crypto Markets

Polkadot is the tenth-largest cryptocurrency by market cap. It’s changing hands for $31.47 today with a 24-hour trading volume of $1.75 billion. Polkadot is one of the biggest top 10 winners with value growth of 7.33% in the last 24 hours. If you’re interested in unique features and want to know more about Polkadot, we wrote this guide just for you.

Top places to buy Polkadot now

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What is Polkadot?

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

Should I buy Polkadot today?

Never make any investment decisions lightly. Read analyses and price predictions and take all recommendations with a grain of salt.  

Polkadot price prediction

The DOT coin price prediction from Wallet Investor was bearish for the short-term, predicting that the price could average $25.73 by the start of 2022. Apparently, they were mistaken. Looking further ahead, they predicted it would climb to $51.4 by the end of 2022 and $129 by the end of 2025.

DigitalCoin’s Polkadot prediction estimated that the coin price could average $41.7 in 2022 and rise to $43.6 in 2023 and $52 in 2025. By 2028, DigitalCoin predicted DOT could trade at an average price of $114 with a peak at $119, Capital wrote.  

Polkadot on social media

Why does this stuff keep happening?……. I’ve seen it on several crypto charts over the last few days, these were the only screenshots I got, but I’m sure others have more.

What is this?!#cryptocurrencies #Crypto #SHIB #altcoins #Polkadot #cryptocurrency #crypto$DOT $SHIB pic.twitter.com/dUrmA2Fe8M

— Anonymous (@brandy_mandyann) December 25, 2021

The post Where to buy Polkadot, the foundation protocol of Web 3.0 appeared first on Coin Journal.

• Jihan Wu says the future of crypto could include exponential growth to a market worth over $10 trillion.

• Bitcoin’s rally to an all-time high above $69,000 led the crypto market to a landmark breakout to $3 trillion in market cap in November.

• Wu says even if 95% of projects fail, the 5% that thrive will have the potential to hit a valuation in the tens of trillions of dollars.

A decade of growth since the launch of Bitcoin has seen many market observers say that broader acceptance and wider institutional adoption means cryptocurrencies are here to stay.

This is also the view of Jihan Wu, a former CEO of Bitcoin mining company Bitmain, and currently the co-founder and chairman of Singapore-based financial services firm Matrixport. He is also the co-founder of Bitdeer Technologies, a crypto mining firm also based in Singapore.

Wu lays bare his long-term assessment of the market in a recent interview with Forbes, stating that even if most of the digital assets were to crash and disappear, those that survive will likely experience massive growth.

Crypto’s volatile yes, but…

The global cryptocurrency market capitalisation recently topped the $3 trillion mark as Bitcoin and other digital assets rallied to new all-time highs. However, the total market cap has since dipped, with Bitcoin losing over 30% of its value in a month as it dropped from highs of $69,000 to test support below $45,000.

Despite the price collapse, Wu is optimistic long term and sees the trajectory continues to be that of growth. He notes in the interview that volatility is part of the crypto market today, but as the market matures, long-term gains will dwarf any of the wild price fluctuations seen over the years.

“Even if 95% of today’s coins lose all their value and disappear, the remaining 5% will grow massively,” the crypto billionaire told Forbes during the interview.

He says the belief that cryptocurrency and blockchain technology have an enormous potential for growth saw him and Matrixport’s other co-founder John Ge Yuesheng launch the company in early 2019.

He and Ge Yuesheng were at the time convinced that despite the bearish outlook for Bitcoin and other digital assets, the industry would see “rapid growth in the future.” 

The two think it’s possible for the industry to grow to “tens of trillions of dollars.”

Wu calls DeFi a “breathtaking” innovation

Among sectors Wu is bullish about is the decentralised finance (DeFi) space, which he says is a “breathtaking” innovation.

In 2021, you could also add non-fungible tokens (NFTs) to that list of crypto innovations to spike interest across the market. And Wu believes that such growth points to the direction crypto is taking. He sees most crypto users being ‘here to stay’.

In his opinion, what crypto investors need most now are “advanced products” tailored towards meeting investment and wealth management goals. 

On regulatory uncertainty

Over the years, regulatory uncertainty has been, and remains, one of the biggest issues in the crypto market. Various crypto market executives and experts have called on authorities to seek regulations that support, not kill innovation.

Wu holds a similar view, but the former Bitmain chief says cryptocurrencies are unlike traditional finance systems and that the limitations that weigh down the legacy systems are unlikely to hamper crypto’s development.

The post Matrixport co-founder says crypto has potential to grow to a $10+ trillion market appeared first on Coin Journal.

The crypto market is booming on December 24 as Christmas Eve approaches. This led analysts to coin the term “Santa rally”.

Top cryptos

Bitcoin and Solana are leading the way in the top 5. Both gained around 6% today. Binance Coin is up around 4%. Outside the top five, Cardano is finally starting to reverse extended losses. It is up just over 8% at the time of writing.  

Terra continues its wild ride, down 13% yesterday, but up 15% both today and the day before yesterday. Crypto.com’s coin CRO has also gained 15%, recovering from recent losses.

Top movers

Dogelon Mars, a dog-themed meme coin with a name alluding to Elon Musk, Dogecoin, and Mars, entered the top 100 after gaining 38% this morning.

After NFT gaming ecosystem platform Sandbox raised $93 million in an investment round, the Sandbox (SAND) token price hit an all-time high of $3.45 on November 3. Then, it gained another 150%, reaching a peak of $8.51 about a month ago. It is currently trading for $6.26 and added 21% to its value today.

The live Internet Computer Protocol (ICP) price today is $28. Internet Computer is up almost 19% in the last 24 hours. It is surging on news that a new cross-chain bridge between Ethereum and Internet Computer would make it possible to support native ERC20 tokens on the ICP network. 

Arweave, a decentralized storage network that seeks to offer a platform for the indefinite storage of data, is up 17% today. The network is a self-described „collectively owned hard drive that never forgets.“

Decentraland is yet another top 100 metaverse token to begin recovering from recent losses. It has gained 15% today. Fantom is also up 15%. Enjin Coin, another metaverse token, has gained 11%.  

Dash, an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network, seeks to improve upon Bitcoin by increasing privacy and transaction speed. It has gained 14% today.

Following a rebrand to eCash (XEC), Bitcoin Cash ABC gained around 13%. It also redenominated to a 1:1000000 ratio.

The live Gala price today is $0.51 with a 24-hour trading volume of just over $1 billion. The gaming token is up 11.50% in the last 24 hours. 

Other top 100 winners include Holo, IoTeX, SushiSwap, and WAX, which added value of 10%, 12%, 13%, and 12% respectively.

Trending

PAPPAY is a cryptocurrency that can be used for digital purchases and online payments. The payment tool also provides holders with passive income. It’s easily one of today’s biggest winners, having added 242% to its value.

The post Market highlights December 24: Crypto’s Santa rally appeared first on Coin Journal.

The live Dogelon Mars price today is $0.000002 with a 24-hour trading volume of $113.4 million. Dogelon Mars is up 37% in the last 24 hours. It broke the top 100 by market cap and currently ranks at #95 on CoinMarketCap. If you want to know more about Dogelon Mars, this guide is for you.

Top places to buy Dogelon Mars now

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

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

What is Dogelon Mars?

Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu. Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has managed to build a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram.

Should I buy Dogelon Mars 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.

Dogelon Mars price prediction

Crowd Wisdom’s recommendation for the next few hours is Buy. All of the 5 technical indicators for momentum are positive and none are negative.

Dogelon Mars on social media

Yoooooooooooooooo let’s goooooooooooo 🔥🔥🔥🔥🔥🔥🚀🚀🚀🚀🚀 #dogelonmars !!!!!! pic.twitter.com/oEghc3JCmh

— R8DERH3AD (@r8derh3ad) December 24, 2021

The post Dogelon Mars up 37% today, crashes top 100: here’s where to buy Dogelon Mars now appeared first on Coin Journal.

After NFT gaming ecosystem platform Sandbox raised $93 million in an investment round, the Sandbox (SAND) token price hit an all-time high of $3.45 on November 3. Then, it gained another 150%, reaching a peak of $8.51 about a month ago. It’s currently trading for $6.26. If you want to know what SAND is, whether it’s worth investing in, and where to buy SAND now, you’d be happy to know we wrote this guide just for you!  

Top places to buy Sandbox now

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

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

What is Sandbox?

The Sandbox is a virtual gaming ecosystem based on Ethereum and Unity Software. Under its play-to-earn model, players can create, own and monetise their gaming experience using SAND. The platform features an NFT marketplace for creators to trade their assets and Voxedit, an asset creation tool for producing non-fungible tokens (NFTs) that can be used in-game. The Sandbox Game Maker lets anyone build, share and monetise 3D games on the platform. Token holders can vote on key decisions related to the ecosystem via a DAO.

Pixowl launched Sandbox a decade ago. Pixowl was founded by entrepreneurs Arthur Madrid and Sebastien Borget and acquired by the prominent Hong Kong-based VC fund Animoca Brands in 2018.

Should I buy Sandbox today?

SAND can be a profitable investment if you pick the right time to buy it. Take all price predictions or recommendations to buy or not to buy with a grain of salt.     

Sandbox price prediction

Digital Coin forecasts that the token’s price will average $7.89 next year and reach $9.42 in 2025. By 2028, it will hit $21.

Price Prediction estimates that SAND will be worth $7.3 on average in 2022, then triple to $22.17 in 2025 and move up to $145 by 2030.  

Sandbox on social media

$SAND
I like this count with a lovely reaction at the golden pocket.
If we continue to impulse above the w1 high, then we can confirm the low is in.#SAND pic.twitter.com/UZysMFwAls

— JEMMO (@JacobEmmerton) December 20, 2021

The post No end to Sandbox gains in sight: Top places to buy Sandbox today appeared first on Coin Journal.