Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Monero rising steadily, gained 7% today: top places to buy Monero today

Monero has been rising steadily since it made good on its promise of a decentralized exchange built on privacy, speed, and low fees. If you want to know more about Monero, whether it’s worth buying, and the best places to buy Monero now, look no farther than this quick guide.  

Top places to buy Monero now

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy XMR 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 XMR with Plus500 today

What is Monero?

Monero was launched in 2014 with a simple goal: to allow transactions to take place privately and anonymously. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

Should I buy Monero today?

Monero can be a profitable investment, but it can reverse its gains just as easily. Do market research and read price predictions before you decide whether it’s worth buying. The following section may help.   

Monero price prediction

CoinPriceForecast predicts XMR to be worth $260 at the end of 2022. DigitalCoinPrice is even more bullish. The site is anticipating a price of $335 at the end of 2022. WalletInvestor is similar in its own prediction, expecting the coin to reach $321 in the same time frame. The biggest bull is Gov Capital, which expects Monero to nearly double over the next year. The site targets a price of $379 for the coin in 2022.

Monero on social media

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Blueprint Capital CEO explains why financial innovation bodes well for crypto

  • The Blueprint Capital CEO Jacob Walthour told CNBC’s “Squawk Box” that ignoring crypto as an asset class “would be a mistake”

  • Major companies, the likes of Starbucks, PayPal, and AT&T accept crypto as a form of payment

  • He notes that 14% of American adults already hold cryptocurrencies, with more to consider crypto if the US equity market stalls while cryptocurrencies soar.

The CEO of Blueprint Capital Advisors, a US-based asset management and alternative investment firm, Jacob Walthour, says cryptocurrency’s place as a financial innovation is a great plus to the sector.

Speaking to CNBC’s “Squawk Box” host Joe Kernen on Wednesday, Walthour said that crypto’s growth over the last five years has been huge, despite its Wild West outlook at the time.

According to the investment manager, crypto provides an opportunity for investors, noting that his view of the market is “very constructive” and not informed by the fear of missing out, or FOMO as it is popularly known.

He suggests that the best way of looking at crypto is to consider where and how it all started. He points to Bitcoin’s launch almost 12 years ago and says its growth over this period has been immense.

The Blueprint Capital CEO says that at the moment, there are over 200 exchange platforms that support Bitcoin and that over 14% of American adults own cryptocurrencies.

From cash to check, card and e-payments to crypto

Walthour’s bullish outlook for cryptocurrencies also traces just how far the financial system has changed with innovation after innovation. He says that the world has ideas on how to pay for things developed from cash, to check, then credit and debit cards and e-wallets. Crypto is the latest innovation in this line of money evolution, he noted.

“I think that the use of crypto, to the whole concept of a wallet, is kind of “where do we go from here?” and [I think] that bodes well for crypto overall in terms of its adoption rate over the next five to ten years,” he added.

Crypto is an asset class not to ignore

He then outlined how Bitcoin and other cryptocurrencies have increasingly been accepted as payment methods at some of the world’s leading companies and businesses. Among the many, he notes names like Starbucks, PayPal, AT&T, and Overstock.com as major players encouraging adoption.

In this respect, Walthour warns that it would likely be a mistake for investors to ignore crypto as an asset class. He adds that should a scenario arise where crypto outperforms the US equity market, then a “herd mentality” is possible, resulting in a lot of capital flowing from equities into crypto assets.

He also believes that digital coins outperforming equities adds legitimacy to the idea that “crypto is an asset class from the diversification point of view.”

An Arcane Research report published this week shows that Bitcoin has outperformed the S&P 500 over the last three years, with 2021 making that four given the crypto is up over 73% year-to-date compared to about 27% for the stock market index.

Arcane also predicts Bitcoin will outperform S&P 500 in 2022, with Fundstrat Global Advisors’ Tom Lee predicting an 11% jump for the stock index over next year.

The post Blueprint Capital CEO explains why financial innovation bodes well for crypto appeared first on Coin Journal.

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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

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