Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Nexo is up 14% on news of a Binance listing: here’s where to buy Nexo

Binance will list NEXO today at 10:00 UTC, which is when trading will open for NEXO/BTC, NEXO/BUSD, and NEXO/USDT pairs.

The live Nexo price today is $2.45 with a 24-hour trading volume of $51.3 million. If you want to know what Nexo is, can it give you good returns, and the top places to buy Nexo, you’ve come to the right place. 

Top places to buy Nexo now

If you want to get ahead of the game, you may wish to buy some NEXO tokens before the listing goes live. 

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

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

What is Nexo?

Nexo is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans. Users deposit an accepted token as collateral to receive a loan in the form of a fiat currency or stablecoin.

When Nexo’s native token is locked in the platform, it grants users benefits such as discounts on interest accumulated on loans and the opportunity to receive interest payments on funds deposited. Token holders also receive dividends from Nexo’s profits.

Nexo is the first-ever provider of instant cryptocurrency-backed loans according to its whitepaper and it intends to solve inefficiencies in the lending market. Its automated lending process uses smart contracts and an oracle on the Ethereum blockchain to manage loans. 

Should I buy Nexo today?

Nexo 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. 

Nexo price prediction

Wallet Investor expects a long-term increase, predicting Nexo will be worth $7.4 in April 2027. With a 5-year investment, the revenue is expected to be around +203%. A $100 investment may be up to $303 in 2027. 

Nexo on social media

The post Nexo is up 14% on news of a Binance listing: here’s where to buy Nexo appeared first on Coin Journal.

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Here’s why the STEPN coin has gained over 20% today

STEPN, move to earn lifestyle app native token, has gained over 20% hitting a new all-time high today.

At the time of writing, STEPN is trading at $4.03, up 22.22% after retracing from a daily and all-time high of $4.11.

Let’s now look at what is behind the current price gain today.

STEPN listing on Coinbase

STEPN listing on US-based crypto exchange, Coinbase, is one of the reasons for the gain today since they will be able to trade on the exchange platform. 

STEPN’s native token GMT and its other Green Satoshi Token (GST) where players earn after jogging, running, and walking outdoor with STEPN NFT sneakers.

Today’s uptrend of the GST and GMT markets is also part of the entire rally that started in early March of this year, 2022, with the move-to-earn industry acting as the catalyst for the tokens’ value, the tokens are rewarded to active players.

STEPN’s economic model has been revolving around selling nonfungible token (NFT) shoes as well as using the gained profits to buy the tokens back for burning.

How players use STEPN tokens

STEPN tokens help players to level up, repair, and mint their NFT sneakers as well as sell them on its app marketplace.

Besides, Players have been sharing the screenshots of their profiles where they featured their physical activities as well as the GST rewards earned.

In addition, OpenSea, the leading NFT marketplace has also added the STEPN sneakers collection to its marketplace to provide more avenues for STEPN NFT owners to resell them.

The move-to-earn tokens are also similar to play-to-earn projects like Axie Infinity (AXS).

The post Here’s why the STEPN coin has gained over 20% today appeared first on Coin Journal.

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Highlights April 28: Minor gains for top cryptos, STEPN surges 20%

The crypto market as a whole is bullish with most top 100 coins in the green at the time of writing. 

Top cryptos

Solana and Bitcoin gained around 2.5% over the past 24 hours, while major cryptos Cardano, Avalanche, Ethereum and BNB all registered gains under 2%. At time of writing, Bitcoin was trading above $39,500.

Top movers

Outside the top 20, the tendency was similar, with most coins adding 1-5% to their value. Notable standouts include STEPN’s GMT token, The Graph (+13%), and Secret (+8%). 

GMT is the biggest winner by far. It added more than a fifth to its value today after launching a series of valuable giveaways. It has been on a rally for some time and recently broke the top 50 biggest coins by market cap. 

As for the biggest losers, they are Kyber Network’s KNC coin (-4%) and Oasis and Helium with around -2% each. All three are reversing recent gains.   

Trending

The biggest gainer today is Tom Coin, a project on BSC whose developers aim to launch a play-to-earn game and a metaverse. As the project nears these milestones, the Tom Coin token is surging. It has gained 3,140% in the last 24 hours.

The post Highlights April 28: Minor gains for top cryptos, STEPN surges 20% appeared first on Coin Journal.

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Top places to buy ENS, which added almost a quarter to its value

After posting historical daily sales of ENS domains on OpenSea, the Ethereum Name Service coin added more than 20% to its value. 

This brief guide has everything you need to know about the ENS network and coin, including whether and where to buy ENS if you choose.

Top places to buy ENS 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 ENS with eToro today

What is ENS?

Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses into machine-readable alphanumeric codes.

The reverse conversion — associating metadata and machine-readable addresses with human-readable Ethereum addresses — is also possible.

The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans, similar to how the Internet’s Domain Name Service makes the internet more accessible. 

Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. 

Should I buy ENS today?

ENS 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.

ENS price prediction

Price Prediction forecasts a maximum level of $24.21 for ENS this year with the average price of $21. It will trade for at least $29.51 in 2023, in which year it can go up to $35.40. 

The analyst predicts upward trajectory in 2024 as well. 1 ENS will be worth at least $42. It can reach $51.44 with the average price of $43.

ENS on social media

The post Top places to buy ENS, which added almost a quarter to its value appeared first on Coin Journal.

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Bybit launches crypto options trading due to user demand

Bybit, a Singapore-based crypto exchange established in 2018, announced its extension into the crypto options trading in addition to its current product line of expiration and perpetual futures contracts.

This decision of developing a new options trading offering was highly influenced by the growing community demand, calling for a better tool for its users.

Once Bybit launches the crypto options trading, its users will be able to trade USDC options through a portfolio margin. Besides, the platform will come with a user-friendly interface and a fully integrated trading venue.

During the announcement release, Bybit Co-founder and CEO, Ben Zhou said:

“We are confident that our state-of-the-art offering will set the bar for the sector and normalize crypto options trading, just like what Robinhood did for stock options. We are also excited to bring with us to options trading the world-class liquidity and reliability our clients have come to associate with Bybit.” 

How the new feature works

The newly launched feature will not work any differently from the other traditional finance, however, it allows its users to project the future value of the asset in the United States dollar value as well as settle the trade using USDC.

Currently, Bybit has over two million registered users with a couple of partnerships with some of the prominent companies like Oracle Red Bull Racing, Astralis, Oracle Red Bull Racing Esports, esports NAVI, Alliance, and associations football teams Avispa Fukuoka and Borussia Dortmund, Virtus.pro, and Formula One racing team.

The post Bybit launches crypto options trading due to user demand appeared first on Coin Journal.