Kategorie: Crypto Markets

MinePlex price has been rising since April 6 and its bullish trend seems to be gaining momentum every day.

At the time of writing, PLEX was trading at $1.91; up 49.95% in the last 24 hours. It has hit a daily high of $2.0 and a daily low of $1.18.

Currently, its trading volume is $15.6 million which is slightly higher than the one it had on April 6 trading volume of $15.09 million.

In this article, we will focus on the factors causing the price of PLEX to rally.

Why is MinePlex price rising?

Before we delve into the reasons behind the price hike, let’s first explain what MinePlex is for the sake of those coming across the term for the first time.

In a nutshell, MinePlex is a mobile crypto bank that enables users to use fiat or cryptocurrencies for transfers, payments, and banking operations. It has two native tokens namely PLEX and MINE.

The PLEX token acts as a payment instrument and as an asset within the ecosystem and it has a mathematical algorithm that allows it to have a predictable price increase. The MINE token, on the other hand, is a non-volatile token with a fixed and it gives value access to the system’s services.   

MinePlex has four main components in its ecosystem: an online store MinePlex.Marketplace, a payment system Mineplex.Money, a new digital banking app Mineplex.Finance, and a business development platform MinePlex.Payment.

Now, onto the reason behind the bullish trend of the PLEX price.

New digital banking app, MinePlex.Finance, launch

One of the main factors that have resulted in the current price hike is the recent launch of a new digital banking app, MinePlex which set the coin price skyrocketing.

According to a press release, the new app will bridge main fiat currencies with PLEX tokens:

“MinePlex.Finance is independent from the MinePlex platform, although it requires the use of the project’s own PLEX tokens in order to utilize it. It comes as an advanced solution that can be used as a digital account, a payment app, or a mobile wallet for PLEX tokens and the main fiat.”

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KuCoin listed Findora (FRA) today, the token of a public blockchain with programmable privacy and full EVM compatibility. The supported trading pair is FRA/USDT.

Deposits effective immediately 

Deposits on the supported FRA network are effective immediately. Trading begins at 09:00 UTC tomorrow, April 12. Withdrawals will become possible at 10:00 UTC on April 13, 2022. 

Details 

The total supply of Findora is capped at 21 billion FRA. The issue price is $0.058. Findora uses the latest discoveries in zero-knowledge proofs and multi-party computation. This makes it possible for users to carry out private transactions with selective auditability.

The project was originally conceptualized as university cryptography research. It was launched to the public in 2021. 

Benefits of Findora 

This public, decentralized, multi-purpose transactional system allows users to operate over a ledger in a confidential, yet publicly auditable way. It hosts assets, transactions, and programmable contracts that guarantee privacy and compliance.

The blockchain runs on a decentralized network of operators not unlike Ethereum and Bitcoin. At the same time, it supports side ledgers, which a number of interoperable networks run. 

A conventional financial institution can use these side ledgers to replace the infrastructure it is operating on. This platform can issue all kinds of assets. Its mission is to resolve the challenges related to digital asset support and diverse financial use cases. 

The ecosystem is focused on retaining the transparency and public accessibility of other blockchain-based systems. It aims to achieve this privacy preserving transparency.

About KuCoin

KuCoin bills itself as a crypto exchange for, by, and of the people. It is leveraging cutting-edge technologies to create useful services to improve accessibility to the blockchain revolution.

The community KuCoin is helping develop will enable everyone to benefit from growth and to have their opinions heard.

KuCoin is creating an ecosystem around KuCoin Token (KCS), which will be the user’s guide into a flourishing decentralized world that all community members have helped build. 

The post KuCoin lists Findora, a public blockchain with programmable privacy appeared first on Coin Journal.

The crypto market as a whole was bearish with few coins in the green at the time of writing. The majority of top 10 cryptos registered losses over the past 24 hours.

Top cryptos

Bitcoin was priced at below $43,000 at time of writing. Other cryptos were also lower, including Ethereum, down around 1%, and Cardano and XRP, registering losses of 2% and 3%, respectively. 

Bitcoin dropped below $42,000 for the first time since March 23. The flagship crypto is sliding back further into the range in which it has traded so far in 2022. According to Bloomberg, this is due to mounting concerns about rising interest rates. 

In Asian hours today, it had dropped to $41,918. It has been retreating over the past week. 

Since the Fed announced tightening monetary policy, most major cryptos have seen their value decline. Surprisingly, last week’s Bitcoin 2022 conference in Miami did not have a positive effect on Bitcoin’s price.

Top movers

The top 100 was equally bearish. Two exceptions to the rule were Zilliqa (+4%) and Stepn (+6%). KNC, the token of Kyber Network, crashed into the top 100 today with gains of 15% in the last 24 hours. 

It expanded to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to a 50% price increase of Kyber Network’s KNC token yesterday.  

Trending

Shiba Toby continues to rally. Shiba Toby bills itself as “the ultimate all-in-one token, providing the very best in cutting edge coding”. Holders get 5% reward for each sell transaction. 

Shiba Toby is a hyper-deflationary token with an automatic distribution of rewards. It gained 2,266% today.  

The post Highlights April 11: Market bearish, KNC crashes top 100 appeared first on Coin Journal.

KNC is the token of Kyber Network, which underwent expansion to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to 50% price increase of Kyber Network’s KNC token yesterday. 

It continued to rally today, up around 17% at the time of writing. This brief guide has everything you need to know about Kyber Network and KNC, including whether and where to buy KNC if you choose.

Top places to buy KNC now

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

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

What is KNC?

KNC is the token of Kyber Network, a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp).

The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.

All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer.

Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.

Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs. 

Should I buy KNC today?

KNC 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. 

KNC price prediction

Wallet Investor expects a long-term increase; more specifically to $9.2 by April 2027. A 5-year investment will generate revenue of around +250%. If you invest $100 in it now, you will have $350 in 2027. 

KNC on social media 

#KNC to the moon 💪🌝🚀 $KNC 📈 💯 pic.twitter.com/xminauBJAl

— 👑 Lei (@ethlei) April 10, 2022

The post KNC is surging today, up 17% and counting: Top places to buy KNC appeared first on Coin Journal.

The live Astar price today is $0.29 with a 24-hour trading volume of $282.3 million. It has lost more than a tenth of its value today.

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

Top places to buy Astar now

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

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

What is Astar?

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. 

Polkadot Relay Chain doesn’t support smart contracts. That’s why it’s important for the ecosystem to have a parachain that enables this support for all developers who want to build in the Polkadot ecosystem. 

Astar aims to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other. 

Should I buy Astar today?

Astar 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. 

Astar price prediction

GOV Capital predicts Astar’s token ASTR will retain this price level over the next year. However, this won’t be the case 5 year from now, when 1 ASTR is projected to trade for $1.2. 

Astar on social media 

Amazing news!! We are excited to announce a $22M fundraise with participation from @polychain, Dr. Gavin Wood, @AlamedaResearch, @AlchemyPlatform, @cryptocom, and other great investors.

We will create a multi-chain smart contract hub and Web3.0🚀https://t.co/sNgecVsslS

— Astar Network | WASM + EVM HUB on Polkadot (@AstarNetwork) January 28, 2022

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