Kategorie: Crypto Markets

The crypto market as a whole is bearish, with most top 100 coins in the red at the time of writing. Investors are awaiting the Federal Reserve’s likely decision to increase interest rates by half a point.

Top cryptos

Bitcoin is considered to be at risk of a breakdown as price momentum slows. The biggest cryptocurrency by market capitalization was recently trading at around $38,000, relatively flat over the past 24 hours. 

Ethereum was trading for about $2,800, slightly down today. Most other major cryptos were in the red, but not by much. Solana lost around 1%, and Cardano and Avalanche each lost 2%. 

Crypto.com’s CRO has gained more than 2%, showing signs of potential recovery from a severe dip of over 15%. It faced community backlash after cutting interest rates. 

Top movers

Outside the top 20, TRON’s TRX is up 5%, bringing its total gains for the week to 17%. Tomorrow is the official launch of USDD, a stablecoin that will become available on Tron’s blockchain.

The network promises that USDD will propel stablecoins to enter a new epoch where algorithms and mathematics build the foundation for financial stability and accessibility in a decentralized manner. 

TRX is poised to break the top 20 (currently ranked at 21) and the price of $1 per 1 TRX. Monero, the top privacy coin, added 3% to its value today, as did STEPN’s GMT. 

STEPN is revolutionizing health and fitness. Today, its Genesis NFT collection will be airdropped on Binance. The network hopes to get more active users into BSC and grow out the ecosystem as a result. 

Both Curve DAO Token and Convex Finance, a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there, are among the gainers today. They’re up 8% and 2%, respectively. 

Curve DAO Token (CRV) formed an ascending broadening wedge two days ago, which preceded its gain. Whales are short-selling it now, so the price might fall. 

Finally, XDC Network gained 5% as part of a slight but steady rise since May 1, when they announced a competition hosted by Bitrue and DATACHAIN. They are giving away $3000 in $DC and $500,000 in trial funds. The event ends on May 6. 

Yearn Finance and 0x close out the list of winners, both up 3%.  

Most top 100 coins, except for the above lost 2-4%. OKB shed 5%, reversing recent gains. Axie Infinity and ApeCoin each lost 6%. IOTA is the biggest loser, down 7% today.  

Algorand’s ALGO jumped more than 20% a day after announcing that it would become the official blockchain platform of FIFA. Today, it is down 6%. 

Trending

The biggest winner today is CIX100, the token of Cryptoindex.com 100. Its price today is $0.18, and it has been up 368% in the last 24 hours.  

Cryptoindex.com intends to become a comprehensive crypto market resource offering current analytics and information, including readily accessible price quotes, crypto market news, real-time trading, and order book information. 

The post Highlights May 4: Major cryptos decline as Fed interest rate decision awaited appeared first on Coin Journal.

Leading trading and investment platform eToro announced the listing of API3 and UMA (Universal Market Access). 

API3 

API3 is a platform for decentralized application programming interfaces (APIs). API3, the platform’s native token, enables holders to participate in governance through the API3 DAO. 

API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales.

As blockchain technology plays an ever bigger role in the economy, the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.” 

The coin is gaining on news of the listing. At the time of publication, it was trading for $3.40 with a 24-hour trading volume of $36.8 million. API3 is up 5.22% in the last 24 hours according to CoinMarketCap. 

UMA

Universal Market Access (UMA) is an Ethereum-based protocol that enables users to build their own synthetic assets, which are tokens that track the value of real-world assets. UMA is a governance token, and can be used to vote on project decisions.

Synthetic assets are a class of assets that represent different, underlying assets and have the same value. 

UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain.

UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps.

By developing a protocol for the creation of synthetic assets and financial contracts on the blockchain, UMA seeks to democratize and decentralize the financial derivatives market.

At the time of publication, 1 UMA was worth $5.50 with a 24-hour trading volume of $95.7 million. According to CoinMarketCap data, UMA is up 2.66% in the last 24 hours. 

The post eToro lists API3, UMA appeared first on Coin Journal.

The token of Petoverse hit an all-time high on May 1 and its ads went live on Etherscan, which the platform’s team considered an amazing step forward in their “non-stop marketing campaign.” 

Since then, PETO has lost just under a tenth of its value. 

Look no further than this short article for all the details about PETO: what it is, is it worth investing in, and the best places to buy PETO now.

Top places to buy PETO now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for PETO

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

What is PETO?

Petoverse bills itself as the first metaverse project to reward users with a decentralized financial asset that has a sustainable fixed compound interest model. This is made possible through the use of PETO’s auto-staking protocol.

The platform is crossing frontiers by integrating the metaverse MMORPG concept with a truly unique auto-staking protocol. 

It promises to pay fixed APY every 15 minutes. Users’ portfolios have the potential to grow dramatically thanks to the simple system the platform utilizes: buy, hold, earn. 

Should I buy PETO today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

PETO price prediction

Digital Coin Price is quite bullish on PETO. They make the following forecast:

• 2022: $10 – $11.39
• 2023: $10.80 – $13
• 2024: $9.95 – $13.34
• 2025: $14 – $17.83  

PETO on social media

NEW ATH, DEXT TRENDING TOP 4, HYPE COMMUNITY, WE’RE TAKING OFF NOW🚀🚀🚀🚀🔥🔥🔥

Go and refresh that dextools link until your FINGER BLEEEEEEDDDDDD 🔥🔥🤑🤑 🤣🤣https://t.co/Ser6s74TB4 pic.twitter.com/xQtS9LB3Ap

— PETOVERSE (@petoverse) May 1, 2022

The post PETO is down 10%, is it time to buy the dip? Here’s where to buy PETO appeared first on Coin Journal.

Helium’s coin HNT dipped after a recent rally, but it’s starting to gain again. There has been some positive news around it. 

The Helium network unveiled new Hotspots, its 5G ecosystem grew exponentially in a year, GigSky launched the first cell plan, and Dish joined as the first major carrier.

HNT is up 16% so far today. If you want to know what HNT is, can it give you good returns, and the top places to buy HNT, you’ve come to the right place.  

Top places to buy HNT now

FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

Buy HNT with FTX today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy HNT with Swapzone today

What is HNT?

HNT is the token of Helium, a decentralized blockchain-powered network for Internet of Things (IoT) devices. It enables low-powered wireless devices to communicate and transmit data across its network of nodes.

These nodes are called Hotspots, which were mentioned earlier. They are a combination of a blockchain mining device and a wireless gateway.  

Helium is most interesting to device owners and people invested in the IoT space. Financial incentives provide further outreach possibilities.

The network allows nodes in a network to reach consensus even with inconsistent connection quality. This is because it runs on a new algorithm called proof-of-coverage, based on the HoneyBadger BFT protocol. 

Should I buy HNT today?

HNT can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

HNT price prediction

Digital Coin Price predicts Helium will reach $29 by the end of 2022. In 2025, they believe it will have gone all the way up to $40.17.

GOV Capital is even more bullish on HNT long-term. They predict the coin will pass $70 in November this year. In 2027, 1 HNT will be worth a staggering $860. 

HNT on social media

#HNT #HNTUSDT
Yatay direnç kırılımı mevcut. 14.1$ üzeri kapanışlarda güzel prim verebilir.#Bitcoin #BTC pic.twitter.com/qFsCqmXjFH

— KriptoVerse (@Kripto_V) May 2, 2022

The post Top places to buy HNT, which is back on track and climbing appeared first on Coin Journal.

After announcing it has become FIFA’s official blockchain, Algorand went on a wild rally. Apart from adding almost a fifth to its value, it saw a spike in trading volume of 386%. 

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

Top places to buy Algorand 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 ALGO with eToro today Disclaimer

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy ALGO with Capital.com today Disclaimer

What is Algorand?

Algorand is a decentralized, self-sustaining, blockchain-based network which supports a wide variety of applications. It is scalable, secure, and efficient, which justifies FIFA’s decision to choose it as their official blockchain partner. 

Algorand is capable of supporting computations that require performance guarantees to build new forms of trust. 

It was invented to improve efficiency and speed in response to the slow transactions on Bitcoin and other older blockchains. 

Algorand comes with low transaction fees. It is based on a permissionless, proof-of-stake (PoS) blockchain protocol and does not involve mining for this reason. 

Should I buy Algorand today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

Algorand price prediction

According to Price Prediction.net, the future of Algorand is bright. It will go up to at least $1.36 in 2023, which is almost twice its current price. It can reach a maximum level of $1.64 that year. 

In 2024, it will trade for at least $1.97. The maximum level it can reach is $2.38 with the average trading price of $2.04. In 2025, the price of 1 ALGO is expected to reach at least $2.89.

Algorand on social media

Reason #Algo #Algorand $ALGO Pump today pic.twitter.com/MXxPfG9VRI

— IhsanAgaz (@ihsanagaz) May 3, 2022

The post Algorand is rallying on lucrative partnership, up 19%: here’s where to buy Algorand appeared first on Coin Journal.