Kategorie: Crypto Markets

vEmpire DDAO, the global NFT investment organization, GameFi platform, and metaverse, has introduced staking for the ApeCoin cryptocurrency. The yield on staking starts in triple digits, CoinJournal learned from a press release.

Growing the number and range of use cases

Previously, ApeCoin could only be used for purposes related to governance, giving holders the right to vote on ApeCoin ecosystem fund distribution and allowing them a say in matters related to the ApeCoin DAO.

Now that an APE staking pool has been launched, ApeCoin holders can earn interest while obtaining greater exposure to the ecosystem throughout the year.

Rendering holdings productive

With each APE staked, vEmpire will buy additional assets based on APE and play games within the ApeCoin ecosystem. This will make investors’ APE holdings productive, enabling them to generate passive income.

vEmpire CEO Dominic Ryder said:  

Enabling our community to stake $APE is something that we believe will be groundbreaking. It enables investors to earn financial rewards on their $APE holdings in ways that even ApeCoin doesn’t have native functionality for. This will help contribute to making the investment in Metaverse assets more accessible, rewarding, and productive. The launch of the ApeCoin itself is revolutionary. However, being able to earn passive income on the ApeCoin before most others in the industry is what we believe will attract investors the most. vEmpire is committed to offering the best investment opportunities to not only our community but the wider Metaverse & NFT communities too. This is just one of many more exciting staking pools coming this year.  

About ApeCoin

ApeCoin is an ERC-20 utility and governance token deployed within the wider ApeCoin ecosystem, which has undergone huge growth since its launch on March 17. The coin quickly soared to #45 by market cap.

At the time of writing, APE was trading for $12.82 with a 24-hour trading volume of $842 million. ApeCoin is down 7.49% today.  

 

The post vEmpire DDAO introduces staking in ApeCoin appeared first on Coin Journal.

Skale Network’s token SKL rallied yesterday, entering the top 100 crypto coins by market cap. It currently ranks 89th and has added more than a fifth to its value today.

One reason is increased interest in the blockchain from developers. Yesterday, Skale announced that CLET Name Service would be launching on the platform.

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

Top places to buy SKL now

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

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

What is SKL?

SKALE describes itself as an elastic ecosystem aiming to improve Ethereum scalability. It also intends to reduce payment costs and latency and boost transaction capacity.

The project wants to make building and running dApps possible in a decentralized modular cloud that can be tailored to individual, real-world requirements. It also places an emphasis on security.

Developers building on SKL can perform Solidity smart contracts multiple times faster at a fraction of the cost on the Ethereum Mainnet. Some content streaming services and games are already taking advantage.  

Should I buy SKL 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.  

SKL price prediction

CryptoNewsz makes a positive short-term prediction. SKL will go up to at least $0.42 this year. The minimum price of SKALE Network’s token in 2023 is expected to be $0.50. The maximum SKL price is anticipated at $0.57 next year.

SKL on social media

Strongest Movers in #USDT
1 #SKALE $skl
2 #Zilliqa $zil
3 #STEPN $gmt
4 #SynthetixNetworkToken $snx

Strengthening #alts
1 #SKALE $skl 🚀
2 #TheGraph $grt 🔥
3 #Holo $hot
4 #SynthetixNetworkToken $snx

out of Top coins

Gem hunting

— Trader Fred (@DCA_Cryptoz) March 31, 2022

The post Skale Network token flies into top 100: top places to buy SKL appeared first on Coin Journal.

With the majority of the altcoins seeing significant price gain lately, there is one by the name of  STEPN (GMT) that has broken the ranks by rallying by over 320% in the past fourteen days.

At the time of writing, it was trading at $2.31 after a slight retracement from a daily high of $2.46 but still in the green with a 12.30% rise over the past 24 hours.

This article reflects on the factors behind the current STEPN price rise.

What STEPN?

STEPN is a Web3 lifestyle app launched on the Solana blockchain with fun features as well as a gaming design. It has two tokens; Green Metaverse Tokens (GMT), which is its governance token, and Green Satoshi Token (GST), which is used as the game token.

To earn GST tokens, users are given NFT sneakers with a built-in swap function to jog, walk or run outdoor, users are rewarded for running or walking. GST earnings are then stored in an in-app wallet and can be used to mint new sneakers or to upgrade game level.

Why is STEPN (GMT) price surging?

There are three main factors being attributed to the current surge in GMT price. These include the recent announcement about Nike and Adidas sportswear by a STEPN representative, STEPN’s partnership with Binance, and STEPN’s plan to apply a move-to-earn method.

• Announcement about Nike and Adidas sportswear

During an interview, one of the STEPN representatives whose identity was not disclosed said that they have an upcoming announcement regarding big sportswear companies like Nike and Adidas.

In a recent interview, an unnamed STEPN (GMT) crypto platform representative says they have an upcoming announcement relating to sportswear giants Adidas and Nike.

“Big sports brands like Nike and Adidas are known for shaping the market regarding walking and running. Do you see these players as a threat in the future? You will see we have an announcement about this very soon.”

• STEPN partnership with Binance

In a tweet earlier this week, STEPN gave a hint that it was planning an undisclosed partnership with a crypto exchange, Binance.

A beginning of many possibilities! pic.twitter.com/jfYPB7Pwe0

— STEPN | Public Beta Phase III (@Stepnofficial) March 28, 2022

• Move-to-earn method

In addition, during a Solar Eco Fund interview, they said that to remain competitive, they will apply the move-to-earn crypto project to maintain a high return on investment (ROI) on GMT tokens.  

“People are chasing high sustainable ROI, we believe we will be on the top of the list by providing long-lasting use cases and burning scenarios of GMT to maintain the high demand of GMT.”

Besides, STEPN is planning to convert the STEPN app to an NFT marketplace and a social platform.

The post Why has STEPN (GMT) price risen by more than 320% in two weeks? appeared first on Coin Journal.

The crypto market as a whole was in the green at the time of writing. Crypto companies in the UK were granted an extension by the country’s financial regulator to get their approval affairs straightened out.

Texas will require large-scale crypto asset miners to receive permission before connecting to the state’s electric grid as demand for electricity is expected to rise sharply among them in the coming years.

Top cryptos

Solana and Avalanche stood out among major cryptos, gaining 9% and 7% over the past 24 hours. Solana gained on news of an OpenSea integration.

Cardano, Polkadot, and BNB all gained above 2%. Bitcoin was trading just above $47,000 at the time of writing, down less than 1% over the past 24 hours.

Top movers

IoTeX and IOST, two similar ecosystems, are seeing spectacular gains today. They’re up 18% resp. 46%. 

IOST built a cross-chain bridge to Polkadot and is launching the trial version of its cross-chain bridge with Ethereum in April, giving users on Ethereum access to quicker and cheaper transactions.

Both IoTeX and IOST users will have more options to earn with DeFi and staking.

Zilliqa is another market leader on March 31, up 32% at press time. Since Zilliqa announced the launch of its metaverse platform Metapolis, it has gained 270%.

Theta Fuel, which powers the Theta Network, is also one of today’s biggest gainers, adding 15%. Tron and Enjin Coin each added 11% to their value.

As the month closes, Chiliz, Aave, and Waves are reversing yesterday’s gains. They lost 5%, 6% and 4% respectively.

Trending

Mooney, a token issued by MoonDao with the purpose of sending a member of the organization to space this year, is up 103% in the last 24 hours. 

After announcing a fundraiser to this end, MoonDAO accumulated 2,620 ETH on Juicebox, the equivalent of $8 million.  

The post Highlights March 31: Solana and Avalanche stand out in top 10 appeared first on Coin Journal.

At press time, Theta Fuel’s price was $0.23 with a 24-hour trading volume of $226.3 million. It is one of today’s biggest gainers, adding 16.39% to its value.

This brief guide has everything you need to know about the Theta Fuel network and coin, including whether you should buy it. Here’s where to buy Theta Fuel if you choose.

Top places to buy Theta Fuel now

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 TFUEL with Swapzone today

Wazirx

WazirX is India’s largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of the binance group, serving users in 180 countries.

Buy TFUEL with Wazirx today

What is Theta Fuel?

Theta Fuel (TFUEL) and Theta Token (THETA) are the two native tokens on the Theta blockchain. The latter is the governance token of the blockchain, which many Guardian nodes support.

It is also supported by Theta’s enterprise validators, such as Binance, Google, Samsung, etc. TFUEL is the utility token in decentralized data and video delivery. It also powers all operations on the Theta blockchain.

It’s used to pay fees for NFT and DeFi app transactions, to deploy and interact with smart contracts, and to make payments for sharing video streams.

TFUEL is used to encourage ecosystem members to share their bandwidth resources like Edge Caching nodes for data such as video streams. It also provides an incentive to share redundant computing power, like Edge Compute nodes.  

Should I buy Theta Fuel today?

Theta Fuel 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.

Theta Fuel price prediction

Price Prediction forecasts 1 TFUEL will be worth at least $0.32 next year, up to a maximum level of $0.38. The minimum price in 2024 will be $0.48. TFUEL can reach $0.56 that year. It will trade for at least $0.71 in 2025.

Theta Fuel on social media

#TFUEL breaking the 20 cents resistance like it’s nothing…#LFG pic.twitter.com/5YIN4Ecfm4

— Alienlike (@iamalienlike) March 31, 2022

The post You can now buy Theta Fuel, powering Theta Network: here’s where appeared first on Coin Journal.