Kategorie: Crypto Markets

The live ION price today is $5,080. ION has been gaining steadily and is up 0.17% in the last 24 hours. The cryptocurrency’s fully diluted market cap is $100.2 billion at the time of writing. 

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

Top places to buy ION now

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

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

What is ION?

The ION is one of the world’s leading blockchains. It’s unique in being a Hybrid POS and POW secured blockchain. The Atomic Token Protocol (ATP) was built and designed by the ION core team and is fully optimized to run on the ION chain.

With ATP, businesses can easily and affordably create layered ticketing systems that can be reused. 

Gamegrid combined with the Jinx framework enable every game to be integrated or built using ION technology. ION is built for speed and immutability. 

Should I buy ION 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. 

ION price prediction

Digital Coin is very bullish on the price. They make the following prediction, from minimum to maximum price: 

• 2022: $6,246.98 – $7,128.92
• 2023: $6,724.85 – $8,084.67
• 2024: $6,207.13 – $9,442.74

ION on social media 

https://twitter.com/ionomics/status/1280273418525511681      

The post Here’s where to buy ION now, which broke $100B market cap appeared first on Coin Journal.

ADA has fallen by over 11% in the last week

An increasing number of investors are facing unrealised losses due to the fall back in the price of Cardano’s native currency ADA towards the $1 psychological level, a report by IntoTheBlock money indicator stated.

According to CoinMarketCap, the cryptocurrency is currently trading at $1.03 with a 3.28% gain in the last 24 hours.

The open-source and decentralized public blockchain platform Cardano has witnessed a bearish week with prices falling over 11% since Monday. This has pushed holders into the red as ADA is currently trading at over 64% lower than its all-time high of $3.09 in September 2021.

More than 67% of ADA holders are currently underwater while 25% of Cardano investors are profiting and 9% are at a breakeven point, the report explained.  The threat of ADA falling below $1 continues to loom over its holders, especially if the present trend of cryptocurrency’s performance continues.

The IntoTheBlock indicator uses the average cost at which tokens were purchased and compares it to the current price to report its findings.  According to this analysis, 3.41 million ADA addresses are facing losses vis-à-vis the 1.25 million addresses still in the green.

The indicator also used the amount of time the token has been held as an indicator to state that over 75% of ADA holders hold the token for between one and 12 months. 11% of investors hold the currency for more than a year and are thus the ones still recording a profit.

Fears that ADA will hit its yearly low of $0.80 as seen in March 2022 have further prompted more investors to sell, plunging the currency.

However, in terms of fundamentals, Cardano continues to look strong. The blockchain’s dApps are waiting for the Vasil hard fork in June to launch and network demand has continued to grow after the launch of the SundaeSwap decentralized exchange (DEX).

The post 3.41 million Cardano addresses reportedly red as ADA price continues to fall towards the $1 level appeared first on Coin Journal.

Near price has been rising since February 27 and the bullish trend seems to be gaining momentum by the day.

At the time of writing, NEAR is trading at $18.67 up 22.72% in the last 24 hours. It has hit a daily high of $19.64 which is still below the all-time of $20.42 that it set in January this year.

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

What is Near Protocol (NEAR)?

Near Protocol is a community-built blockchain launched in May 2020 with advanced network operability and a faster transaction speed to solve the bottleneck processes experienced in the crypto space. It launched its mainnet on April 22, 2020.

NEAR is the native token of the NEAR protocol.

Near Protocol uses a proof-of-stake (PoS) consensus mechanism that ensures the blockchain offers low transaction fees and high transaction speed.

Why is the Near Protocol price rising?

Several factors have contributed to the current NEAR price hike. Let’s take a look at some of the main factors.

1. More funds to expand the ecosystem

To some extent, the current price hike can be attributed to the new funding round that saw NEAR Protocol net $350 million from Dragon Capital, FXT Ventures, and other organizations to expand its ecosystem.

In January, Near Protocol also managed to raise $150 million for the same course.

2. Barry Silbert announcement

Another reason for the uptrend is the announcement by Barry Silbert, the founder of Digital Coin Group, that NEAR will be the Group’s third-largest crypto holding after Bitcoin and Ethereum. 

Time for the big reveal…

DCG’s new third largest crypto holding is… $NEAR

1) $BTC
2) $ETH
3) $NEAR
4) $ZEC
5) $ZEN https://t.co/PbQ5BoEpC3

— Barry Silbert (@BarrySilbert) April 7, 2022

3. NEAR’s native stablecoin launch

After a recent newsletter from crypto swing trader, Zoran Cole, there were rumors that NEAR Protocol was planning to launch a native stablecoin, USN, which is another reason for the uptrend.

Speculations are that USN will offer ~20% APR leading to an increased DeFi activity which is beyond Cole’s claims, however, Decrypt is yet to receive a Near protocol response about the accuracy of these rumors. Perhaps, this is another reason for the uptrend.

Rumors currently surrounding the $NEAR Protocol:

• Coinbase listing in the next few months

• $USN launch – algo stablecoin similar to $UST

• 20% APR on $USN / stablecoins

What are your thoughts?

— jacobvan.xyz (@jacobavan_) April 7, 2022

 

The post Near Protocol price surges over 22% today: what is fuelling the uptrend? appeared first on Coin Journal.

Peter Thiel, the billionaire co-founder of PayPal and software technology firm Palantir, has blasted Berkshire Hathaway CEO Warren Buffett as Bitcoins ‘number one enemy’.

Thiel’s comments about Buffet and others on an “enemies list” came at the Bitcoin 2022 conference held in Miami. In his keynote speech, Thiel said the person with the most negativity about cryptocurrency, and who does it in the most direct way is the American tycoon and investment guru.

According to the PayPal co-founder, it’s time to expose those working to prevent the adoption of Bitcoin, with the „sociopathic grandpa from Omaha“ – referring to Buffet – top of that list.

In one of his earliest remarks about Bitcoin, Buffet said it was “rat poison” and that he’d never own the cryptocurrency.

“Deeply political” choices 

Other than Buffett, Thiel criticized JP Morgan CEO Jamie Dimon and Larry Fink, the CEO of the world’s largest investment manager BlackRock.

He believes the lack of investments from these funds and banks is due to nothing else but institutional and political bias on Wall Street. According to him, most of the money and investment managers are ready to tout blockchain’s benefits, but when it comes to Bitcoin, then it’s worthless and risky.

“They need to be allocating some of their money to bitcoin,” he noted, adding that the crypto community needed to “push back” for this to happen.

He calls the failure to allocate to bitcoin as a choice that’s just “deeply political” and not at all related to any understanding of the crypto.   

Thiel believes Bitcoin’s value will still rise exponentially in the future, with the community’s push against wrong narratives key to that happening. He said that that is what Bitcoin needs if it has to see another “10x or 100x from here.”

Bitcoin was trading around $43,000 on Friday, about 5% down in the past week. The cryptocurrency has retreated from highs of $48,000 as a drawdown in equities cascaded to the crypto market. In November 2021, Bitcoin surged to an all-time high above $69k.

The post Peter Thiel slams Warren Buffett as Bitcoin’s ‘enemy number one’ appeared first on Coin Journal.

The crypto market as a whole recovered from yesterday’s dip, but the majority of top 10 cryptos were flat at the time of writing. 

Hewlett Packard shares soared 14.75% after Warren Buffett’s Berkshire Hathaway snapped up a $4.2 billion stake in the company.

US stocks finished positive yesterday after a late turnaround. The SPX500 ticked up 0.56%, lifted by strong performances from food processing firm Lamb Weston Holdings (+7.97%) and retailer Target Corp (+5.67%).

Top cryptos

Bitcoin was priced at above $43,600 at the time of writing. The largest gains of the top 10 were seen in Solana and Avalanche, both up by more than 7%, in Asian hours. 

The biggest gainer in the top 20 and the top 100 is NEAR Protocol today. Its Wallet Selector, an intuitive pop-up that allows users to choose their preferred wallet, has gone live. The NEAR token gained 21% as a result.

Top movers

zCash and Kava are both up around 5%. Kava gained value after completing its Ethereum co-chain Alpha testnet successfully.

Kava reported on Medium that the testnet processed more than 162,500 EVM transactions between 12,000+ wallet addresses with no downtime at all.

On the losing end, the biggest dip was seen by Anchor Protocol. Its token ANC has lost 10% after an extended recent rally. Aave is down 6%. Most coins lost 2-4% of their value.   

Trending

Shiba Toby, which recently launched on Binance Smart Chain, is up 191% today. The ecosystem offers a 5% reward for each sell transaction. 

Shiba Toby is a hyper-deflationary token with an automatic distribution of rewards. No token burn takes place. 

The post Highlights April 8: Cryptos flat, HP jumps on Buffett investment appeared first on Coin Journal.