Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Market highlights December 29: Cryptos seen lower, Wall Street mixed following post-Christmas gains

The crypto market as a whole is bearish with all top 20 coins registering losses except for UniSwap, which continues yesterday’s bull run, albeit only with slight gains. US indices were mixed yesterday as investors locked in their recent gains before the end of the year. 

Top cryptos

Bitcoin was down approximately 2%, trading below $48,000 this morning. Ethereum, Cardano, and XRP were all down around 3%. The biggest losers in the top 20 are Avalanche and Solana. Both have declined by around 7% each.

The live Terra price today is $86.55 with a 24-hour trading volume of $2.8 billion. The ninth biggest coin by market cap has lost 6% in the last 24 hours, leading some traders to buy the dip.

Top movers

The bearish trend continues outside the top 20. One of the few gainers is Fantom, the price of which exploded as the total value locked in the network crossed $5.83 billion in the past week. Today, it’s up 5%.

The live Harvest Finance price today is $175.41 with a 24-hour trading volume of $660.5 million. Harvest Finance is up just under 11% today. Harvest automatically farms the highest yield available from the newest DeFi protocols and optimizes the yields that are received using the latest farming techniques.

ROSE is the native token of Oasis Network, the 80th largest coin by market cap. After a series of losses, it’s starting to gain again – 8% today.

SushiSwap continues to trend. It has gained 9% in the last 24 hours.

Other winners include Zilliqa and Livepeer, up 6% resp. 4%.

Aave is among the biggest losers with a drop of 13%. Kadena continues its bear run with a fresh loss of 10% in the last 24 hours.

ICON is reversing yesterday’s gains rapidly. The layer one blockchain, which aims to build an interoperable blockchain network between autonomous online communities and real-world enterprises, has lost 16% so far today.

Trending

VNX is a Luxembourg-based digital asset issuance platform, which developed an end-to-end regulatory compliant platform to organize digital assets offerings. Today, it has gained 151%.

RichQuack is a hyper deflationary token that generates automatic liquidity, which in turn pays out static rewards to holders. It’s a new coin based on an interesting premise. It’s also trending today.  

The post Market highlights December 29: Cryptos seen lower, Wall Street mixed following post-Christmas gains appeared first on Coin Journal.

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Solana and other Layer-1 tokens to outperform ETH in 2022: Arcane Research

  • Arcane Research analysts believe one of the strongest crypto narratives over the next twelve months will be the performance of the so-called “ETH killers.”

  • They also predict Bitcoin will outperform the S&P 500 

Crypto research platform Arcane Research says that 2022 will see layer-1 platforms continue to outperform Ethereum, based on analysis of the crypto market and other developments within the crypto space in 2021.

Other than its predictions for layer-1s against Ethereum, the final report of 2021 from the company touched on Bitcoin vs. the S&P 500, DeFi, the NFTs market, the outlook for Cardano and XRP, meme coin mania as exacerbated by the “dog coin wars”, and derivatives.

2022 prediction: Layer-1s to outperform ETH

In a report released on 28 December via the blockchain data analysis and research firm’s The Weekly Update, Solana, Avalanche, Terra Luna, and Fantom are all poised for further gains in the next year, with the native tokens on these standalone smart contract networks continuing to outpace ETH in the market.

The firm says that it expects Solana and the other top-performing layer-1 networks to maintain the upward trend over the next year, with price upsides buoyed by increased usage and capital inflows.

“These networks have thriving and fast-growing ecosystems that continuously drive the price performances of their native tokens,” the firm noted in the report.

A look at the individual returns for some of the smart contract platforms expected to continue outpacing ETH, we see Terra Luna (LUNA) is up 14,823% in 2021, with Fantom (FTM) and Solana (SOL) both seeing a 100x or more in price growth at 13,549% and 10,907% respectively.

While Ethereum’s native coin Ether (ETH) has jumped 460% in 2021 to outpace Bitcoin (BTC) at 73%, smart contract platforms Harmony (ONE) and Avalanche (AVAX) have returned 60 times over the year. Harmony is set to close the year with price gains of more than 6,400% for the year and Avalanche is up over 3,150%.

On Bitcoin vs. S&P 500 and gold

Bitcoin is up around 73% in the year, while the S&P 500 has also edged higher to record closes as it eyes a 28% return for the calendar year. Meanwhile gold, despite being the traditional inflation hedge, has negative returns at -7% in a year the inflation narrative has dominated sentiment.

Arcane Research says that Bitcoin will still beat both the S&P 500 and gold, having done so this year to notch a third straight year of outperformance against the stock market and the safe-haven asset.

But the researchers also note that “Bitcoin has increasingly behaved like a risk-on asset,” rather than the digital gold it’s been tagged to be. 

It means investors might therefore want to watch the stock market performance. Upward momentum for stocks could also see BTC price outperform, while “a red year” for the S&P 500 will see the cryptocurrency underperform, the analysts wrote. 

On altseason, NFTs and metaverse

Although Bitcoin’s run in 2021 has been astonishing, the bespoke research firm says the year pretty much belonged to altcoins. 

They note in their report summarizing the year in crypto that this “has been a flying year for most altcoins,” with capital inflows into the segment contributing to the dip in Bitcoin’s dominance in the first half of the year.

As noted earlier, ETH has outperformed BTC and so have most other altcoins. For example, Binance Coin (BNB) has gained over 1,340% in the year to see it beat both Bitcoin and Ethereum among the top three by market cap.

The firm is also bullish on NFTs and metaverse, noting that the two narratives dominated market engagements in 2021. However, they say that it’s the “NFT craze” that has resulted in spiking gas fees on the Ethereum network, with reactions being increased interest in layer-1 tokens.

The post Solana and other Layer-1 tokens to outperform ETH in 2022: Arcane Research appeared first on Coin Journal.

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Introducing RichQuack, the latest hyper deflationary token: best places to buy RichQuack now

RichQuack is a hyper deflationary token that generates automatic liquidity, which in turn pays out static rewards to holders. It’s a new coin based on an interesting premise. Does it have promise? If you want to know more about it, including whether you should buy RichQuack, you’d be happy to know we wrote this article with you in mind.     

Top places to buy RichQuack now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for QUACK

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

What is RichQuack?

RichQuack is a meme token on Binance Smart Chain, which aims to pay out rewards to holders by “frictionless yield generation”. Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holder’s balance. RichQuack is aimed at providing its holders with a chance to make money, by investing, building, holding and winning.

It wants to achieve that by building a community of people with a common goal that are ready to work hard and contribute towards it.

The protocol generates frictionless yield by applying a 12% fee for each transaction. 4% of each transaction is distributed to holders, and another 4% is provided to the QUACK/BNB liquidity pool. 2% goes to pump and burn wallets to create “an ever rising price floor”, and 2% goes to the marketing and developer wallet.

Should I buy RichQuack today?

While cryptos are highly volatile in and of themselves, meme coins are particularly risky to invest in. You can make a lot of money, but you can lose a lot just as easily.    

RichQuack price prediction

Wallet Investor advises against investing in this coin. According to their forecast system, QUACK is a bad long-term (1-year) investment. Its price will not change, which means an investment made now will be devalued in the future.  

RichQuack on social media

The post Introducing RichQuack, the latest hyper deflationary token: best places to buy RichQuack now appeared first on Coin Journal.

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Meet MultiFarmCapital, the coin that gained 1,725% today: Where to buy MultiFarmCapital

It might be trading for a fraction of a cent now, but MultiFarmCapital shows great promise. The native token of the experimental yield farming and profit sharing protocol is easily the biggest gainer today. Read on to find out what it is and the best places to buy MultiFarmCapital today.    

Top places to buy MultiFarmCapital now

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

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

What is MultiFarmCapital?

Multi-Farm Capital is an experimental yield farming and profit sharing protocol developed and launched on the Ethereum blockchain. Transaction fees from trading are collected in a treasury which is then utilized to yield farm on various other blockchains. This is done to reduce gas fees. The profits are then used to buy back $MFC to increase valuation. In addition to this, holders get a percentage of the transaction fees in $MFC tokens.

Should I buy MultiFarmCapital today?

MFC was added to CoinMarketCap less than three months ago. Both its price and market capitalization are expected to be very volatile and traders should be extremely cautious if they decide to invest in MFC. It is possible that this coin will go up dramatically, but it is equally likely to plummet.

MultiFarmCapital price prediction

The token has stayed off most major analysts’ radar. The predictions that do exist have been overly bearish. For example, Price Prediction forecasts the average price of MFC might drop to $0.00000006 by the end of this year. It’s currently trading for $0.000001. Digital Coin Price forecasts a drop to $0.00000019 in the same time frame.     

MultiFarmCapital on social media

The post Meet MultiFarmCapital, the coin that gained 1,725% today: Where to buy MultiFarmCapital appeared first on Coin Journal.

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ICX is up 14% today: you can now buy ICX, here’s where

ICX, the native token of the South Korean Icon Network, is up 13.92% today to the dismay of investors. If you want to know what ICX is and whether you should buy it today, look no farther than this guide.  

Top places to buy ICX now

CAPEX

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Buy ICX with CAPEX today

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 ICX with Plus500 today

What is ICX?

ICON Network is a layer-one blockchain which intends to develop an interoperable blockchain network connecting enterprises with independent online communities. It focuses on improving real world use cases by promoting value exchanges to advance hyperconnectivity.

ICON reduces the number of middlemen needed and eliminates cross-border interaction obstacles by verifying transactions on its decentralized ledger. It focuses on the use cases of digital certificate issuance, decentralized identity, blockchain payments, NFTs, and decentralized finance. Further cases involve elections, e-government, e-health, and decentralized oracles.

Should I buy ICX today?

Read at least several price predictions and do research before investing in this relatively new and volatile token.

ICX price prediction

According to Wallet Investor, the ICX price can go up to $2.75 in one year. This comes to earning potential of 52% in one year. In five years, ICX will be trading for $7.  

ICX on social media

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