Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Here is why the price of AAVE has been rallying over the past three days

The price of the native token of the leading crypto lending platform, Aave, has been on a steady rise over the past three days.

Yesterday, the token surged by more than 5% and hit a high $198.02 before pulling back to its current price of $185.70. Today it is still in the green though with a rise of 1.02% over the last 24 hours.

This article delves into the factors contributing to the current AAVE price.

Why has AAVE price been rallying?

Before we delve into the current uptrend, it is important to first explain what Aave is for the purposes of anyone coming across the term for the first time.

In a nutshell, Aave is a DeFi protocol that enables people to borrow and lend in cryptocurrencies. Its native token is called AAVE.

Now let’s look at what is happening behind the scenes and making the price of AAVE to rise.

AAVE V3 going live on Avalanche

AAVE token seems to be riding on the announcement by the head of DeFi Aave Labs via a tweet saying that AAVE version 3 (AAVE V3) liquidity mining is live on Avalanche blockchain, meaning Avalanche users can now earn rewards by providing liquidity to DeFi protocols on the Avalanche blockchain.

It’s also important to also note that the price of AAVE had also surged in March once it launched its version 3 update that introduced support for cross-chain transactions as well as reduced gas fee.

The recent move of launching AAVE V3 on Avalanche comes after the community voted for the deployment on Avalanche back in October last year; a move that was informed by the many DeFi applications being launched on Avalanche. 

The post Here is why the price of AAVE has been rallying over the past three days appeared first on Coin Journal.

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ApeCoin has been trending and it is up by over 32% today: here’s why it is rallying?

The price of ApeCoin (APE) coin has risen by 34.03% today and it is was trading at around $16.50 at the time of writing.

In this article, we will focus on what is causing the ApeCoin price to skyrocket.

Why is ApeCoin’s (APE) price rising?

Before we look into the current uptrend, let’s first explain what ApeCoin is.

ApeCoin is a utility and an ERC-20 governance token that is used in the APE ecosystem inspired by Yuga Labs Bored Ape Yacht Club (BAYC) project to incentivize and empower a decentralized community. APE is its native token.

Let’s now delve into the factors causing the bullish trend.

Yuga Labs announcement on its upcoming metaverse

One of the main reasons that have set the coin skyrocketing is the speculations over its founder, Yuga Labs, announcement about the upcoming metaverse.

On March 19, Yuga Labs launched a teaser trailer called Otherside for its upcoming metaverse. However, Yuga did not reveal all the details about the project but there was a clue that it will be a metaverse that will integrate several NFTs and ApeCoin. Besides, Yuga said that more details will be revealed in April.

In addition, Bored Ape Yacht Club will be having its first anniversary on 23 April since its launch.

Land sale launch priced in APE

Another reason for the price hike is after @renegademasterr, Bored Ape owner, said that Yuga is planning to launch land sales for its project soon which will be priced in APE. 

APE and NFT demand by Whales

Another possible reason for the current price rally is the growing interest in Bored Ape NFTs and ApeCoin among the whales.

According to Whalestats, the token is the 5th most purchased by ETH whales with an average of $63500 tokens moved in every transaction.

One of the largest transactions done in the last 24 hours was done by an ETH whale called BlueWhale0093 transacting almost 300,000 tokens for $3.9 million.

The post ApeCoin has been trending and it is up by over 32% today: here’s why it is rallying? appeared first on Coin Journal.

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Highlights April 20: Solana with standout performance in top 10

The crypto market as a whole was in the green at the time of writing. Major cryptos mostly registered minor gains.

Top cryptos

Solana stood out in the top 20, gaining more than 6%. Bitcoin was trading above $41,300 at time of writing, up more than 1.5% over the past 24 hours. Terra and Polkadot gained around 5% each. 

Top movers

Most top 100 coins added 2-4% to their value. ApeCoin is rallying today, up by more than 30%. It broke out of the resistance pattern line as whales bought it up.

Other gainers include SAND and Zilliqa, both up 8%. AAVE is up 10%, and Kusama – 11%.  

On the other end, Decred lost 6%, gradually starting to reverse recent gains. 

Trending

It’s a feline-themed token this time: Nurse Cat, whose coin NCAT gained 886% in the last 24 hours. A deflationary burn mechanism and static reward protocol are its core features. NCAT is community-based with many important milestones ahead of it. 

The post Highlights April 20: Solana with standout performance in top 10 appeared first on Coin Journal.

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You can now buy LINA, which gained over 50%: here’s where

LINA is the token of Linear Finance protocol, which bills itself as the first cross-chain compatible, delta-one asset protocol to trade liquid assets seamlessly. 

The protocol’s team achieved many significant milestones recently and LINA rallied by more than 50% as a result.

This brief guide has everything you need to know about Linear Network and its coin, including whether and where to buy LINA if you choose. 

Top places to buy LINA now

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

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

What is LINA?

Linear Network can create synthetic assets with unlimited liquidity. The project opens traditional assets like commodities, forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of synthetic asset tokens.

The protocol consists of various products like Linear.Buildr, a DApp used to manage tokens using Linear (LINA) and others as collateral. The exchange is specifically created to enable trading of a variety of tokens with rapid confirmation times and robust security.

LINA is an ERC-20 token built on the Ethereum network whose main purpose is community governance of the protocol. All token holders have access to the Linear DAO, enabling them to vote on different initiatives and proposals. 

Should I buy LINA today?

LINA can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

LINA price prediction

Uptobrain cites experts as saying LINA will keep rising. It’s currently worth around 3 cents, but experts predict it will have reached around $0.23 by the end of 2024.  

LINA on social media

The post You can now buy LINA, which gained over 50%: here’s where appeared first on Coin Journal.

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Best places to buy ApeCoin, which is soaring on whale purchases

ApeCoin broke out of the resistance pattern line as whales bought it up, adding around 32% to its value today. It also announced a free NFT giveaway. The crypto was trading for $16.47 at the time of writing.

If you want to know what ApeCoin is, can it give you good returns, and the top places to buy ApeCoin, you’ve come to the right place. 

Top places to buy ApeCoin now

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

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

What is ApeCoin?

ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries.

62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.

ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.

Should I buy ApeCoin today?

ApeCoin 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. 

ApeCoin price prediction

Changelly predicts a moderately bullish and variable price trajectory. In 2023, they expect the ApeCoin price to stay at an average of $55. In 2024, it will drop down to $45. Its average will be $60 the following year. 

ApeCoin on social media

The post Best places to buy ApeCoin, which is soaring on whale purchases appeared first on Coin Journal.