Kategorie: Crypto Markets

Avaxtars (AVXT) price is currently skyrocketing. It has jumped by about 117% today hitting a daily high of $25.68.

Currently, AVXT is trading at $14.65, with a 24-hour trading volume of $3.03million. Its market cap is $2.7million, with a circulating supply of 156.8K AVXT.

Avaxtars

Avaxtars is a play-to-earn Metaverse game built on Avalanche’s C-Chain and AVXT is its native currency that was launched in October 2021.

The Avaxtars built on NFTs have every component of the game tokenized and live on the Avalanche blockchain. On the Avalanche mainnet, every Avaxter is digitally generated and recorded as a unique ERC-721NFT.

The game has features like a personal Avaxter Generation Machine (PAGM) to analyze the Digital Genetic code (DGC) of Gen1 and create new Gen2 Avaxters. This process is called Avaxtar farming that enables users to earn AVXT tokens and new Avaxters. 

For the users to start playing, they must purchase the Avaxtar from the marketplace where Gen1 and Gen2 Avaxtars are affordable between $5 and $15.

This affordability makes Avaxtars an awesome project for the new users in cryptocurrency, NFTs, and Metaverse.

Currently, users can check for the beta version of Avaxtars by connecting with a compatible wallet like MetaMask. The project is among the few that lived up to its promises at launch and became one of the most reputable Metaverse crypto coins in the market.

The game also features three different tokens that are ENXT, AVXT, and DGC. ENXT is made by providing liquidity to AVXT-AVAX pools on a decentralized exchange, AVXT that is earned by in-game mechanics, and DGC which is generated by PAGM processes.

Why is Avaxtars price rallying?

Avaxtars announced today about their partnership with the first social network on Avalanche, Kaira Network, where users can connect their Avaxtar NFTs to the network platform to create content and earn Kaira tokens as they socialize.

🔥 Announcement!

🔸 $100,000 worth of ALLOCATION POOLS to the #Avalanche community, exclusive to our Private Sale round!

🏁 Application time: Monday 6.00PM UTC

Wait until Monday to become an early investor in $KAIRA token’s private sale round and for our detailed blog post.

— Kaira Network 🔺 (@KairaNetwork) January 14, 2022

Although the partnership pushed for the bullish momentum of the project, the main reason for the recent price hike is the availability of an actual working product with a working growing ecosystem.

The post Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117% appeared first on Coin Journal.

• Wood says blockchain technology is one of five trends alongside DNA sequencing, energy storage, AI and Robotics

• She says DeFI and NFTs were huge in 2021 and could continue on the same trajectory this year.

ARK Invest founder and chief executive officer Cathie Wood says that blockchain technology is one of the five key trends her investment fund is watching in 2022.

The celebrity investor, whose bets on Bitcoin and Tesla made for huge returns, believes two trends in the blockchain tech space likely to continue to see massive investor interest are decentralised finance (DeFi) and non-fungible tokens (NFTs).

Wood was speaking to TIME magazine.

Blockchain remains a ‘big trend’ in 2022

Asked about what trends Ark Invest was watching this year, Wood pointed to “five innovation platforms.” According to her, these are areas around which the fund has extensive research and which have been shown to be “scaling exponentially.”

She says that DNA sequencing is one innovation that will transform healthcare, while another closely watched platform is Robotics, “especially adaptive robotics, she added.

Energy storage is another big trend the investment fund is keen on in 2022, with the Ark Invest CEO giving the nod to electric vehicles over gas-powered ones. Tesla has led in this category, with other automakers like Rivian, GM, and Ford also seeing significant demand in 2021.

Investment opportunities in the Artificial Intelligence space are also big on the fund’s books, as is blockchain technology.

Wood told TIME that decentralised finance and non-fungible tokens are likely to continue being huge for investors. She believes one of the trends in 2022 will be DeFi taking over a large part of the market share currently dominated by traditional financial.

Last year, an estimated $44 billion worth of NFTs were sold, while the DeFi sector saw over $240 billion in total value locked (TVL). Per data from DeFi Llama, the TVL currently stands at $235.88 billion, with 9.87% of that locked in the Curve Finance protocol.

The post Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022 appeared first on Coin Journal.

The crypto market is bearish today as a whole.  Jamaica plans to roll out its digital currency in the next few months and its Prime Minister expects that within five years 70% of the population will use it.

Retail giant Walmart is planning to launch its own cryptocurrency and has recently filed several trademark applications outlining its plans.

US stocks remain underwater following a difficult start to 2022, with the SPX500 losing 0.3% and the DJ30 sliding 0.88% last week.

Real estate was the worst-performing US sector last week, with American Tower Corporation and Crown Castle International both falling more than 5%.

Top cryptos

Cardano was the only top 10 crypto in the green over the past 24 hours, gaining more than 10%, and up 30% over the past week.

On the losing side, Polkadot fell more than 4.5% and Solana was down around 3%. Bitcoin was trading just under $43,000 at time of writing.

Top movers

Monero emerged as a clear winner today with gains of just over 6%. THORChain is up almost 7%. Oasis Network continues its impressive rise. Its native token ROSE added 7% to its value in the last 24 hours.  

OKB, a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx, is also up 7% today. The same goes for Kava, a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.

At the other end is Loopring with a loss of 6% and Kadena, which is down 8%. Ravencoin, which was gaining alongside Loopring and Kadena last week, is also reversing wins with a decline of 6% in the last 24 hours.

Trending

The live Request price today is $0.355 with a 24-hour trading volume of $86.6 million. The token has gained 24% in the last 24 hours. 

LooksRare is a community-focused NFT marketplace that actively rewards traders and creators for participating. It is also trending with gains of 16% today.

The biggest winner is the token of Avaxtars, an idle browser game running on the Avalanche Blockchain with the Play to Earn model. Avaxtars Token is up 236% in the last 24 hours, partially on news of a new partnership with Kaira Network. 

The post Market highlights January 17: Cardano stands tall, US stocks continue poor start to 2022 appeared first on Coin Journal.

Baby Doge Coin is widely regarded as the offspring of Dogecoin, the first dog meme coin. It has learned a few tricks and lessons from his meme father. Baby Doge is up 12% in the last 24 hours, but does it have staying power? 

This short guide has everything you need to know about this, including the top places to buy Baby Doge Coin today.    

Top places to buy Baby Doge Coin now

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Buy BABYDOGE with Plus500 today Disclaimer

Pepperstone

CFD broker Pepperstone was founded in Melbourne, Australia in 2010 by a team of experienced traders with a shared commitment to improving the world of online trading. Pepperstone has grown rapidly in a relatively short time and is now one of the largest MetaTrader brokers in the world. Over 300,000 traders around the world already trust the Pepperstone brand. A total of 1000+ tradable instruments are offered. In addition to 60 currency pairs, the broker also offers 14 cryptocurrencies, including Bitcoin, Ethereum, Cardano, Dogecoin, Ripple etc. for trading as CFDs.

Buy BABYDOGE with Pepperstone today Disclaimer

What is Baby Doge Coin?

A new crypto birthed by fans of the doge meme online community, Baby Doge seeks to impress his father by showing new and improved transaction speeds. BabyDoge was launched in June 2021 with an ambitious roadmap that includes efforts for pet charity, NFT creation, GameFi and more.

It is a deflationary token designed to become scarcer over time. Holders of Baby Doge will earn more coins that are automatically sent to their wallets by simply holding. 

The amount of baby doge coins in holders’ wallets increases all the time because they automatically receive a 5% fee from every transaction occurring on the Baby Doge ecosystem.

Should I buy Baby Doge Coin today?

Read at least several price predictions before you commit to an investment in this crypto meme coin. You make any investment at your own risk.   

Baby Doge Coin price prediction

According to Wallet Investor, the price of Baby Doge Coin will increase long-term, but only slightly, making it a rather poor investment. Their price prognosis for 2027 is $0.000000011. With a 5-year investment, the revenue is expected to be around +83.33%. 

A $100 investment in BabyDoge will be worth just $183.33 in 2027.  

Baby Doge Coin on social media

Congratulations #BabyDogeArmy it looks like together you have crossed a new all time high !

Best community in crypto

Cheers to 2022 🐶🍼 pic.twitter.com/NRsLiPsRYB

— BabyDoge (@BabyDogeCoin) January 16, 2022

 

The post Not another dog meme coin: see where to buy Baby Doge Coin now appeared first on Coin Journal.

• Meme stock craze is slowly fading as traders eye gains in cryptocurrencies, says Tradier chief executive officer Dan Raju.

• He also expects 2022 to see the crypto industry benefit from increased regulatory clarity.

Remember WallStreetBets and the meme stock craze that propelled GameStop, AMC Theaters, and other poorly performing stocks to massive peaks in 2021?

Well, according to the founder of a fintech firm with credible traction in the retail trading industry, 2022 might see a completely different scenario for these stocks.

After posting staggering rallies over the first half of last year, and sending some big short sellers down, meme stocks have broadly declined and are set to see reduced interest, says Tradier CEO Dan Raju.

The Insider quotes Raju as saying that retail traders are more likely to look for opportunities in crypto this year, with an eye for meme stock-style price pumps.  In his view, active traders will look to rotate gains into digital assets and thus see stocks like GameStop and AMC Theaters begin to fade.

The Tradier chief noted that rallies in meme stocks over the past year were fueled by the Covid-19 pandemic environment. He pointed to the increased number of people who suddenly had to work from home as a catalyst. 

Market volatility, which propelled assets to new highs also played a role, Raju added.

Crypto regulation 

In 2022, he looks at regulation as key to crypto adoption as the sector affirms its asset class status. Raju believes regulation will legitimise the crypto asset class, attracting even more investors and pushing prices higher.

Many observers and industry experts have also highlighted regulation as one of the topics expected to dominate the year. A majority of the predictions suggest clear, proper regulation should attract major institutional investors, adding to the likes of MicroStrategy and PayPal.

But Raju thinks the legitimacy that regulation would give to the crypto asset class will not just attract big money institutional investors. He sees retail traders also increasing their exposure, funneling volumes out of meme stocks into crypto.

GameStop and AMC stocks 

In December 2020, the price of US-based video game retailer GameStop was around $19. However, in January 2021, the stocks’ value skyrocketed to highs of $347.51. At one time, the GME stock was more than 1,500% up on the monthly log. 

While the stock currently trades around $117 and remains 196% up over the past year, it’s down 23% YTD.

A similar trajectory is seen for AMC stock, which is 520% up this past year but has been trading lower since topping around $72.62 in June.

The AMC stock is down 22% YTD.

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