Kategorie: Crypto Markets

DappRadar (RADAR) started the day by registering a32% surge to trade at a high of $0.05849.

At the time of writing, the coin had retraced to $0.04627 but was still green with a rise of above 7% in the last 24 hours.

But why did DappRadar (RADAR) jump? What is the reason behind DappRadar (RADAR) price rise?

Here is why the coin is surging.

What Is DappRadar?

Before delving into why DaapRadar (RADAR) is rising, it is important to first understand what RADAR is.

DaapRadar is a decentralized application platform that tracks various chains and hosts categories of dApps. It is one of the most popular Dapp tracking platforms. It allows users to explore the dApp ecosystem and sort Dapps by users, volume, and Balance.

It several DApp categories to choose from. These categories include Gambling, Games, Social, DeFi, Exchanges, Marketplaces, Collectibles, and many more.

Why is DappRadar (RADAR) price rising?

The current RADAR price hike is attributed to the upcoming DApp store business offering.

According to an official announcement from the protocol:

“DappRadar, The World’s Dapp Store, has revealed its plans to extend its B2C dApp store offering to business partners, building on its existing decentralized applications data and analytics B2B product and long-standing partnerships with the dApp industry’s premier brands.”

The post DappRadar Price (RADAR) is surging today: this is why it is rising appeared first on Coin Journal.

Bitcoin’s 30-day correlation with the Nasdaq is 47%, the highest since September, the Fast Money trader told CNBC.

Brian Kelly says that Bitcoin and the Nasdaq have had the highest correlation in trading trajectory over the past few months.

According to the Fast Money trader, there’s a high chance this play could continue even as both markets bottom out early in the next year before seeing fresh upside momentum.

Kelly said this during an interview on Wednesday’s episode of CNBC’s “Fast Money.”

Asked to comment on the fact that Bitcoin (BTC)could be a leading indicator for where the Nasdaq trades next, he opined that as “Bitcoin gets more institutionalized, it is starting to get more and more correlated to traditional markets.”

He pointed to Bitcoin’s 30-day correlation with the Nasdaq Index, which at 47% is at the highest level seen since September when both bottomed. According to him, a look at the correlation chart for Bitcoin and the stock index shows that the two have traded in lockstep.

The only difference, Kelly pointed, was that the chart shows Bitcoin seemingly taking the lead before Nasdaq follows.

“Usually five to ten days or so, Bitcoin tends to lead,” Kelly said, exemplifying that with last weekend’s trading that saw Bitcoin break out from a short-term wedge.

The hedge fund manager also noted that increased mainstream adoption has institutions use the crypto as a risk-on hedge. According to the trader, if the correlation holds, then Bitcoin and the Nasdaq will maybe bottom early January and before ticking higher.

Mid-December saw both Bitcoin and the traditional markets tick up on the Federal Reserve’s announcement of speeding up the bond purchasing program and potentially introducing three interest rate hikes in 2022.

However, markets slipped once again as the Omicron variant of Covid-19 caused alarm across the globe, with this week’s seeing a bounce in Bitcoin and the Nasdaq.

Bitcoin reached highs of $69,000 in November but it then slid to break below $45,000 in December as a bearish sentiment took over, foiling many analysts‘ predictions of BTC hitting $100,000 in 2021.

As of writing, Bitcoin is struggling to hold above $49,000 after a decent breakout since the weekend. The digital gold has failed to break higher after breaching the $49k level, with weekly performance down at just 0.4%. However, BTC is up over 106% this past year.

Meanwhile, the Nasdaq is up 0.78% on the day and about 21.39% YTD even as analysts predict a dip in the first half of 2022 before a major rally ensues.

The post Brian Kelly says Bitcoin and Nasdaq are trading “in lockstep” appeared first on Coin Journal.

Cardano’s native coin ADA rallied over 1000% in 2021, from $0.30 to peak at $3.09 and despite a recent sell-off, remains over 750% up over the past year.

Cardano Foundation CEO Frederik Gregaard says that 2021 has been a great year for the Cardano protocol, with “sustained growth, technical innovation, community expansion, and [major] partnerships,” the key highlights.

The Cardano Foundation chief said this as he highlighted some of the on-chain achievements reached over the year in a blog report published on 22 December.

According to Gregaard, growth meant increased adoption for Cardano (ADA), especially after the blockchain reached new milestones- the addition of native tokens and the launch of smart contract capability. There were also key developments towards enabling decentralized finance (DeFi) and decentralized exchanges (DEXs) on the blockchain, he added.

🎊It has been an incredible year of growth, achievements and major milestones reached for both the Cardano Foundation and the #Cardano protocol!
We are happy to share some of the biggest highlights from 2021 with you!
Check it out👇https://t.co/YZj8RtDIDz pic.twitter.com/VtraaOFIub

— Cardano Foundation (@CardanoStiftung) December 22, 2021

As of 20 December 2021, the Cardano network had seen over 2.5 million native assets minted since 1 March when the multi-asset ledger feature was added. Of the 2.5 million native assets minted so far, 2 million have been Non-Fungible Tokens (NFTs). 

There have been 2.58 million new wallets created and over 23.8 million on-chain transactions.

A summary of on-chain growth milestones for Cardano in 2021. Source: Cardano Foundation

Gregaard notes the Cardano ecosystem is open to more on-chain adoption and utility thanks to the successful launch of Alonzo Hard Fork in September. He says this “brought programmability to Cardano,” which made it possible for developers to build and deploy decentralised applications (dApps) on the blockchain. 

Cardano also now supports decentralised finance (DeFi), one of the major crypto developments to explode in the past year.

Cardano partnerships in 2021

Cardano also had a breakout year in terms of the many partnerships it struck, with these collaborations and deals aimed at “creating value and utility within the Cardano ecosystem.”

Some of the key partnerships include e-sports platform Rival, fintech UBX, and non-profit Save the Children targeting use of ADA for humanitarian projects in East Africa. Scantrust and Baia’s Wine, which are using the Cardano blockchain for supply chain traceability applications, were the other key deals announced in the year.

Cardano market outlook 2021

Cardano’s native token ADA is trading around $1.35 to the dollar as of writing, about 2% up on the day as per data on CoinGecko.  The coin’s value is over 750% up in the past year after rallying from lows of $0.30 at the beginning of 2021.

However, last week’s sell-off means ADA losses over the past month stand at -25%, while declines since hitting an all-time high of $3.09 in early September are at around 56%.

The coin’s value could yet dump as analysts see a fresh collapse for the markets in early January, although crypto analyst Michael van de Poppe says Cardano is one of those looking great for a bounce.

Still beautifully following the path for #Cardano.

And I still think we’ll have a heavy run in 2022 on this one too.

When the time isn’t feeling right, that’s usually the best time to get your positions. pic.twitter.com/g3575gLELC

— Michaël van de Poppe (@CryptoMichNL) December 22, 2021

The post Cardano Foundation: We’ve had an incredible year of growth appeared first on Coin Journal.

The top 10 cryptos were mixed over the past 24 hours. All three major US stock indices rose yesterday as investors took heart from emerging data on the severity of the Omicron variant. Electric carmaker Tesla led stocks higher, rising 7.49%. The stock popped as chief executive Elon Musk said he had sold ‘enough’ this year.

Top cryptos

XRP and Cardano led the way today, gaining more than 3%. Over the past week, XRP has rebounded, gaining more than 20% after dropping below 0.80 cents. On the other side, Ethereum dipped 2.5%, and Bitcoin dropped almost 2%, trading at $48,300 at time of writing. Solana lost the most in the top 5: over 3% today. The biggest top 10 loser, Terra’s LUNA, plummeted by over 11%. 

Top movers

The live NEAR Protocol price today is $12.42 with a 24-hour trading volume of $1.7 billion. NEAR Protocol has gained 33% in the last 24 hours. Fantom is up almost 15% in that time. Other top movers include AAVE, up 15%, and 1inchNetwork with gains of 10%. Livepeer broke the top 100, having gained almost 16% in the last 24 h. It’s at #99 by market cap.   

Trending

Luxurious VR gaming environment Mello provides the opportunity to play a myriad of fully immersive games from the comfort of one’s own home. This bold vision includes the integration of the Mello Token, which is up more than 500% today.

The post Market highlights December 23: Cryptos mixed, Solana dips, Tesla stock rises 7.50% appeared first on Coin Journal.

Creditcoin was created to address issues unbanked and underbanked individuals commonly face. Its value is rising dramatically as awareness of these issues increases. Another reason is that their testnet will go live soon. This short article explains what Creditcoin is, is it worth investing in, and the top places to buy Creditcoin today.  

Top places to buy Creditcoin now

What is Creditcoin?

Launched on April 4, 2019 by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, credit records with non-banks are not accepted by the banks since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.

Should I buy Creditcoin today?

Creditcoin is doing very well now, but it can reverse gains just as easily. Never invest more in volatile cryptocurrencies than you can afford to lose.

Creditcoin price prediction

Digital Coin Price, a traditional bull, predicts the price of Creditcoin will increase to almost $5 in one year. By the end of 2023, it will have reached $5.60. In another year, its price will have gone up to $6.11. It will trade for $5.56 at the end of 2025, $7 at the end of 2026, and $11.72 at the end of 2028.  

Creditcoin on social media

.@creditcoin @gluwa and @Aella are continuously growing.
Learn about #Creditcoin, the future of the #DeFi credit economy.
There’s one pager here.

And don’t forget the #Giveaway event 🏆$CTC #Gluwa #NYC #AellaxKudi pic.twitter.com/hpCQlTNHif

— Coinko (@Coinkoio) December 14, 2021

The post You can now buy Creditcoin, it’s up 24% today: here’s where appeared first on Coin Journal.