Kategorie: Crypto Markets

The crypto market was mixed as a whole today. The three major US indices rebounded yesterday as the price of oil fell back.

The SPX500 rose 1.43% while the DJ30 was up 1% and the NASDAQ100 rose 1.93%. Top performers were Nvidia (+9.39%), Intel (+6.74%) and Monolithic Power Systems (+6.61%).  

Top cryptos

Solana added around 5%, and Ethereum close to 4%. Cardano was up almost 6%, continuing its surge over the past seven days, where it has gained just under 39%. Bitcoin was trading above $44,000 at time of writing, up more than 2.5% over the past 24 hours.

Top movers

Ethereum Classic has started gaining again and is up 8%. Axie Infinity added another 22% to its value today, continuing its rally since yesterday. AAVE gained 7%, and Convex Finance – 9%. It is up 25% this week as it recovers from a cataclysm in the not too distant past.

Quant and 90th-ranked Qtum went up by 12% and 13% respectively. Quant recently announced a new release: Overledger 2.2.2, which brings new tier-two smart contract capabilities to mint and burn tokens and account management.

As for the other end, few top 100 coins lost more than 5% today. ApeCoin is down 7%, making it the biggest loser in the top 100. Its losses amount to 15% for the past 7 days. After its stellar performance, some decline could have been expected.   

Trending

The biggest gainer today is the token of Web3 ALL BEST ICO (WEB3ALLBI), an ecosystem that lets you create your own crypto. It is up 995% in the last 24 hours. This is not the first time it has been the biggest gainer of the day. Its continued rise indicates more and more interest in the crypto market.

The post Highlights March 25: Major cryptos mixed, US markets rebound as oil drops appeared first on Coin Journal.

Dogecoin jumped by over 13% earlier today to hit a daily high of $0.1406 before slightly pulling back to its current price of $0.1353 though still in the green.

The majority of meme coins including Dogecoin and Shiba Inu have been on the red end over the past couple of months but that seems to have changed with the current general crypto market correction.

In this article, we shall take a keen look at why Dogecoin (DOGE) rising.

Factors currently pushing the price of DOGE up

There are a number of factors contributing to the current rise of DOGE prices.

The main factors include the recent announcement by Bitcoin of America, Ukraine donations, and acceptance of DOGE in the entertainment industry.

 Let’s detail some of these factors.

Bitcoin of America announcement

One of the reasons for the current Dogecoin price hike is the recent announcement by Bitcoin of America, a cryptocurrency exchange registered as a money service in the United States Department Treasury. Bitcoin of America said that they will be supporting Dogecoin.

After noting the growing popularity of the Dogecoin community, Bitcoin of America said in a press release that they will allow DOGE to be used in its Bitcoin ATM Machine (BTMs) which are currently over 1800 in different locations of the 31 states in the country.

Dogecoin accepted in Ukraine donations

Another factor that is positively affecting the price of Dogecoin is an earlier report by Ukraine stating that it will be accepting DOGE donations to support its war against Russia.

The move by the Ukraine government threw Dogecoin into the limelight once again pitching it as a worldwide recognized meme coin.

Dogecoin acceptance in the entertainment industry

AMC Theatre, one of the best movie chains in the US, earlier this month allowed Dogecoin to be used as a mode of payment for its tickets.

The post Why did Dogecoin (DOGE) price jump 13% today? appeared first on Coin Journal.

Catecoin, a highly profitable ecosystem and a Shiba Inu and Dogecoin rival, has launched CatPay, Live Mint reported earlier today. 

The platform is bringing a P2E game called Rise of Cats to market, and the new token will be used for in-game rewards similarly to Axie Infinity, where gamers earn SLP to play.

CatPay will be a universal token in the game. It can be used to pay for tournament entry fees, upgrade cats in-game, and unlock various future game features. Players mine CatPay tokens in-game as well.

Tokens spent in-game will be burnt

All CatPay tokens spent on in-game upgrades, and some of the CatPay from tournaments will be burnt to control inflation. 1% of marketplace transaction volume will go toward buying back and burning CatPay.

There will also be a staking platform where you can stake Shiba Inu and other popular meme coins to earn CatPay.

High ROI anticipated

Within a few months of the launch of Catecoin, people who invested as little as $100 got a return of $50,000. Many people hope CatPay Token will yield similar returns, but it’s too early to say, and caution is advised.

At any rate, CatPay Token will drive the price of Catecoin up again, offering investors some returns.

Catecoin is organizing a public sale of CatPay. People who stake Catecoin tokens can take part. It’s also possible to buy this token directly from PancakeSwap.

At the time of writing, Catecoin had gained 4.62% in the last 24 hours. 

The post Dogecoin rival Catecoin launches CatPay reward token appeared first on Coin Journal.

When one pet-themed meme coin goes up, it reflects on the whole niche. Today, Yahoo Finance reported that Catecoin, a Dogecoin rival that generated returns of 2000x, launched Catpay, its decentralized reward token.

Yesterday, it emerged Bitcoin of America, a popular BTM (Bitcoin ATM) operator, added Dogecoin to its ATMs, which has most likely contributed to its rise.

If you want to know more about Dogecoin, if you should buy it, and the top places to buy Dogecoin, you’ve come to the right place.   

Top places to buy Dogecoin now

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What is Dogecoin?

Dogecoin features a Shiba Inu dog on its logo and is based on a canine-themed Internet meme. It is an open-source digital asset created by Jackson Palmer and Billy Markus, which emerged as a Litecoin fork in December 2013.

It was conceived of as a fun, light-hearted crypto, which would attract people beyond the core fans of Bitcoin.

This is not the only difference to Bitcoin. Dogecoin differs from the proof-of-work protocol by using Scrypt technology. There is no limit to how many of these altcoins you can mine because the total supply is uncapped. It’s possible to mine Dogecoin by joining a mining pool or solo.

Should I buy Dogecoin today?

Dogecoin 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.

Dogecoin price prediction

The majority of analysts predict Doge to trade in the range of $0.56-$0.58 in 2025. If this prediction proves correct, its average price will be around $1.79 in 2028. It can go up to $2.13, compared to $0.13 at the time of writing.

Dogecoin on social media

I like 👀 #dogecoin #$DOGE #Crypto pic.twitter.com/9BFpXxcf24

— Brenda Tarango (@BrendaTarango11) March 24, 2022

The post You can now buy Dogecoin, which is up 10% in 24 hours: here’s where appeared first on Coin Journal.

Binance announced it added AXS on Auto-Invest today and two promotions on the platform. Eligible users can be whitelisted to earn 100% APY with AXS Staking and get up to 100% trading fee cashback. AXS has added 20% to its value in the last 24 hours.

Look no further than this short article for the details on Axie Infinity’s token AXS; what is it, is it worth investing in, and the top places to buy AXS.

Top places to buy AXS now

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What is AXS?

AXS is a token of Axie Infinity, a Pokemon-inspired blockchain game with a highly flexible, open-ended gameplay. The purpose is to collect, raise, and trade Axies, which are like digital pets.

The platform offers an easy, accessible, fun, and educational way to gain exposure to blockchain tech’s multiple capabilities. It has achieved outstanding success and is now a very well-known on-ramp to the blockchain industry all over the world.

Axie Infinity uses two main tokens: AXS (Axie Infinity Shards) and SLP (Smooth Love Potion). AXS holders contribute to the development of the platform as part of Axie’s decentralized organization, such as by deciding how to allocate ecosystem funds or how to spend treasury funds.

Should I buy AXS 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.

AXS price prediction

Wallet Investor expects a long-term increase in the AXS price. They forecast a price of $493 in March 2027. A 5-year investment will thus generate revenue of around +685%. If you invest $100 in AXS now, you might have $785 in 2027.  

AXS on social media

+1.45% in shorting 3rd sub-wave of #AXS, caught the top! Anticipating one final sub-wave to the upside which completes the whole structure. pic.twitter.com/azfAUl8MgI

— Nihal (@CryptoNihal) March 24, 2022

The post Top places to buy AXS, which is soaring after addition to Binance Auto-Invest appeared first on Coin Journal.