Kategorie: Ethereum News

2022 has been characterised by a prolonged crypto winter. For this reason, most cryptocurrencies are trading at depressed levels. But one sure thing is that digital assets will be back on track again. Thus, buying the best tokens will rank top in investors’ minds. 

Tokens of reputable blockchains like Ethereum will top the list of the best investable opportunities. The following tokens will outperform the market in the bull market.

Ethereum (ETH)

ETH is the native cryptocurrency of the Ethereum blockchain. It is the second largest cryptocurrency, making it one of the most important tokens. Having topped $4,800 in value in November 2021, ETH trades at a quarter-fraction of its former self.

Ethereum completed its much-anticipated Proof-of-Stake shift or Merge in September this year. Although initially falling after the Merge, investors followed up with the token accumulation. That helped ETH to rise back to $20,000. It has since been falling in the wake of concerns over the collapse of the FTX exchange.

In the next bull run, ETH could pick up where it left off and return massively to investors. A return to the previous all-time high could see the cryptocurrency return by more than four times.

Where to buy ETH

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ETH with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy ETH with Skilling today Disclaimer

Polygon (MATIC)

Aside from the native ETH token, Polygon’s MATIC is easily the best Ethereum-based token. Polygon blockchain serves as an Ethereum scaling solution. Owing to Ethereum’s high gas fees and slow transactions, Polygon has created a name as the run-to blockchain for investors seeking interoperability.

MATIC rose to prominence in 2021, tapping a high of $2.90. Although the cryptocurrency has crashed this year alongside other cryptos, several developments have occurred. The latest was the selection of Polygon by tech giant Meta for NFT minting. The cryptocurrency has also demonstrated resilience and has been recovering, teasing investors interested in the Layer-2 scaling solution.

Where to buy MATIC

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy MATIC with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy MATIC with Skilling today Disclaimer

Decentraland (MANA)

You can’t talk of the metaverse without mentioning Decentraland’s MANA. However, after a boom in 2021, owing to the number of entities entering the virtual reality world, the situation has been different this year. MANA has been on a downward spiral, presenting opportunities for dip buyers.

Investors have not given up, and the metaverse will continue to grow. The sector is expected to grow up to $13 trillion by 2030. As a leading metaverse-focused blockchain, Decentraland will continue to grow. Consequently, its native token, MANA, will follow suit.

Where to buy MANA

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy MANA with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy MANA with Skilling today Disclaimer

The post Best 3 Ethereum-based tokens to watch when the bull market returns appeared first on CoinJournal.

ETH price has not been left behind in the ongoing cryptocurrency meltdown. Ethereum crashed to a low of $1,136, which was the lowest level since July last year. The coin has crashed by more than 27% from the highest level this year, bringing the year-to-date losses to over 60%.

FTX crash could benefit Ethereum

Ethereum price has been in a strong bearish trend in the past few months as cryptocurrencies crash. This week’s sell-off was triggered by the crash of FTX, the third-biggest crypto exchange in the world.

Most cryptocurrencies have plunged as investors predict that this could be the industry’s Lehman moment. As a result, many investors have exited their crypto positions.

Still, a closer look at the situation shows that Ethereum could actually benefit from this crash. For one, in the past few months, we have seen the collapse of several centralized exchanges (CEX), including Voyager Digital, Celsius, Vauld, and BlockFi.

In the same period, most DeFi exchanges like Uniswap, PancakeSwap, and SushiSwap have continued doing well. This is notable since Ethereum hosts some of the biggest DEXes in the world like Uniswap, Curve, SushiSwap, and dYdX among others.

Analysts believe that DEXes are better than CEXes for several reasons. First, they are open-source in nature, meaning that anyone can manipulate the code. Second, DEXes are transparent, meaning that anyone can track the flow of coins in their ecosystems.

Third, they are decentralized in nature, meaning that insiders don’t have more significant powers than other DAO members. 

Therefore, there is a likelihood that DEXes will continue thriving in the long term. And if this happens, Ethereum will benefit since it is the biggest player in the industry.

Nonetheless, for now, Ethereum and other crypto prices will likely continue falling as concerns about the industry remain.

Ethereum price prediction

The daily chart shows that ETH price has been in a strong bearish trend in the past few months. The sell-off accelerated this week after the collapse of FTX, As it dropped, it managed to move below the important support level at $1,236, which was the lowest level in October.

It has moved below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the oversold level. Therefore, Ethereum price will likely continue falling as sellers target the key support level at $1,000.

The post ETH price forecast: How low can Ethereum drop? appeared first on CoinJournal.

Choosing a reliable cryptocurrency casino requires due diligence and if you have been perusing the internet for one, you must have come across Roobet Casino, which is a popular name in the casino market.

This review looks into Roobet features, how it works, game offerings, bonuses, pros and cons, and a genuine opinion on why you should choose it.

Before getting into the review, it is important to know that Roobet Casino was established in 2018 and is operated by Raw Entertainment B.V.

How Roobet Casino works

Roobet is a leading online crypto casino that holds a license from the Government of Curacao. It is currently a cryptocurrency-only casino that only allows deposits in form of cryptocurrencies and not fiat currencies.

To participate in the various games offered by the casino, you have to register for an account first. The registration process is easy and fast. You are only required to provide a username and a strong password.

You can then proceed to deposit bitcoins (BTC), Ethereum (ETH), or Litecoin (LTC) to get some funds to participate in the various poker games offered on the Roobet website.

Depending on your country of origin, you may be required to submit documents that prove you are compliant with know your customer (KYC) and anti-money laundering (AML) rules before placing bets. But in most cases, Roobet requires the submission of KYC and AML documents before initiating withdrawals.

Key features

Available games: Slots games (including Roo Bonanza, Tom of Madness, Money Train 2, Mega Fortune, and Cherry Pop), Crash games, Live Casino Games (including cryptocurrency Blackjack, Baccarat, Roulette, games offered by Bitcoin poker sites, and others), Sportsbook, House games, and Drops & wins games.

Live Betting & Events: If you like playing live poker games, Roobet offers several live events under Roo’s live lounge. Some of the games here include Rooolette and Roo’s BlackJack.

Accepted cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH)

Regulation: Roobet is registered under the Government of Curacao

Fees: There are no transaction fees.

Free Funds: unlike most casinos allows players to earn extra points that they can exchange with Roobidos. You earn points as soon as you start depositing funds into your account, test the various apps on the website, and participate in various promotional events or surveys.

Customer support: You can access Roobet’s customer support team through Email, Social Network, and Chat Support and it supports English, Spanish, Portuguese, French, and Serbian languages.

Roobet Casino Pros and Cons

Pros

Roobet is a registered online casino website making it a reliable site where the safety of your funds is guaranteed.

Roobet offers free funds that allow you to can earn Roobidos without depositing any funds. All that is required is for you to enter a certain Roobet bonus code.

The casino offers a wide variety of games. You will hardly lack an entertaining game that you can play on Roobet.

It provides lucrative promotions and bonuses that include a VIP reward system for loyal casino members.

There is a very supportive customer support team that ensures that all your need are quickly attended to. Urgent disputes can be settled through live chats.

Roobet does not charge transaction costs like in other popular online casinos thus making it cheaper to participate in games.

Roobet is very strict when it comes to players submitting KYC and AML and that exemplifies the legitimacy of the platform.

Roobet allows you to place bets before submitting your KYC and AML documents depending on the country you are playing from although you will be required to submit the documents before initiating any withdrawal.

Cons

It is a cryptocurrency-only online casino meaning you cannot fund your account using fiat currencies which can be quite disadvantageous if you are not into crypto.

It does not accept bank transfers since cryptocurrencies are transferred from crypto wallets rather than bank accounts.

While it accepts players from around the globe, it does not accept customers from some countries such as the USA, the UK, Australia, Bonaire, Gibraltar, Cyprus, and Guernsey.

Roobet does not support the use of VPNs. If you are caught using VPNs from restricted countries, you risk having your funds frozen and your accounts terminated.

Why you should bet using Roobet crypto Casino

As long as you are not from one of the restricted countries, you can find a very wide selection of online crypto casino games to play on Roobet especially if you hold BTC, ETH, or LTC cryptocurrencies.

In addition, you will not be required to pay any transaction fees to participate in any of the games making it cheaper for you to participate compared to using other online casinos. You will also be entitled to a number of rewards including extra points to exchange for Roobidos.

Besides the fact that you cannot fund your account using fiat currencies, Roobet can be a good choice if you are looking for one of the best online casinos that are registered and regulated.

Final Verdict

While selecting a good crypto casino can be quite challenging, this Roobet Casino review will assist you with some of the features and games that you expect to come across if you decide to choose Roobet.  It also provides you with a clear outlook on the pros and cons of using the casino.

The post Roobet Casino review: features, pros and cons appeared first on CoinJournal.

Polygon is the eleventh biggest cryptocurrency in the world – it really needs no introduction. Considered by many as the flagship Layer 2, it helps solve a pretty big problem – that Ethereum is a tough cryptocurrency to use.

Even Vitalik has said that the future is a roll-up economy, with Ethereum as a Layer 1, with projects such as Polygon right there so that regular people can, you know, actually use it – without taking a mortgage out to pay for gas fees.  

I hosted Hamzah Khan, Head of Defi and Labs at Polygon, to chat all things DeFi and Polygon. We bounced around a lot, but covered on great topics.

We started out technical, for any of you nerds out there. Hamzah chats about zkEVM, or zero-knowledge roll-up technology, which Polygon announced last week had gone live in testnet form, exciting many around the industry.

It was also tough to avoid the Reddit Polygon craze this has been ongoing since the weekend, with the massive NFT collection soaring to reach over three million users on the social media site. Hamzah talks of the behind-the-scenes chat with Reddit, as the company launched the NFTs on Polygon, of course.

We jumped around all of DeFi, really. We discussed how the TVL has come down so much, how Hamzah refers to TVL as “temporary value locked” given its transience, and how the reputation of the industry took a hit this past year as CeFi went under – despite DeFi trucking along so smoothly.

I got my favourite line in there as always – that Ethereum is “a blockchain of the elite” – quizzing Hamzah on what he thought about gas fees, and whether it will ever be solved. And if so, what does a future look like for Polygon?

I hosted @Polygon’s Head of DeFi, @_khanhamzah, on the @CoinJournal podcast this week

We chatted DeFi, the new zkEVM, Reddit NFTs, scalability, the future of Ethereum as a settlement layer, Vitalik’s comments on centralisation and more⬇️$MATIChttps://t.co/zYIEfqnAr6

— Dan Ashmore (@DanniiAshmore) October 27, 2022

I also put the question to Hamzah about the centralisation of DeFi. With so much of the space running on centralised stablecoins (even Vitalik said recently that Tether, Circle and other providers could influence the direction of future Ethereum forks), is one of the pillars of DeFi being compromised? And more interestingly, does it have it to be, or is there an alternative?

We dance around these and many more topics, but this is at its heart a 30-minute discussion on DeFi and Polygon, and what role Polygon could play in the future.

As always, I am open to comments either here or on Twitter – and links to listen are below.

• CoinJournal Podcast Homepage
• CoinJournal Spotify
• CoinJournal YouTube

 

The post PODCAST: DeFi & Polygon / Ethereum, with Polygon’s Hamzah Khan appeared first on CoinJournal.

With the massive increase of cryptocurrencies today, it is becoming harder and harder for crypto investors to independently keep track of every cryptocurrency on their crypto portfolio and that is where crypto portfolio trackers like CoinStats come in.

CoinStats allows crypto investors to manage their crypto and DeFi portfolio from one place. It eliminates the need to jump from your crypto wallet to your crypto exchange of the DeFi platform to manage your crypto holdings, transactions, and trades.

Here is a comprehensive review of how this platform works including its pros and cons.

How it works

It is no doubt that CoinStats makes it easy to track cryptocurrencies on the market thus making it a great tool for crypto investors, especially those focused on areas of Ethereum and decentralized finance (DeFi). Besides being compatible with several crypto exchanges, it also allows you to sync your MetaMask, Ledger, and any other Ethereum-compatible wallet directly with the tracker.

All you need to start using CoinStats is to register for an account. You can choose to use the free plan which offers many free features although to get the most from the platform, you can choose between CoinStats Pro and CoinStats Premium plans. CoinStats has Android and iOS apps so you don’t have to worry if you don’t have access to a desktop or personal computer; you can access your account via a mobile device.

Once you create your account and sync it with your crypto wallets and crypto exchanges, you can access several tools like transaction analytics, fast trading, and instant notifications. You also get up-to-date news which is a big plus for traders since it gives an outlook of what to expect from the market movements.

CoinStats also has its own crypto wallet called CoinStats wallets that allows to access several decentralized finance (DeFi) features including staking.

CoinStats pricing

CoinStats offers a lot of powerful features for free. However, to unlock additional features, users can choose between the two paid plans: CoinStats Pro and CoinStats Premium.

The CoinStats Pro plan starts at $3.49 per month and allows users to connect up to 10 cryptocurrency exchanges and 10 different crypto wallets. Users are also allowed to track up to 1,000 transactions per month. There is also access to coin insights including propriety reviews and analysis.

CoinStats Premium on the other hand starts at $13.99 per month and allows users to connect an unlimited number of exchanges and wallets. Users can also track up to 100,000 transactions per month. Then, in addition to market insights, users also get personal account managers to help with the crypto portfolio.

There is an additional option called CoinStats Community that allows cryptocurrency trading communities to access special packages of the features included in CoinStats Pro and CoinStats Premium accounts at a discounted rate. This could be a big plus, especially if you want to save some money.

Exchanges supported by CoinStats

CoinStats supports a lesser number of crypto exchanges compared to what its competitors like Blockfolio support. The exchanges that CoinStats currently supports include Binance, Bitfinex, BitMax, BitMEX, Bitso, Bitstamp, Bittrex, CEX.io, Coinbase, FTX (native support), Gemini, HitBTC, Huobi, IDEX, Liquid, Kraken, Kucoin, Poloniex.

CoinStats, however, supports any type of trading especially if it touches on Ethereum or Ethereum-based dApps.

Pros and Cons of CoinStats

Pros

It offers free and paid plans thus allowing you to choose what to use depending on the features you want to use.

It allows any type of crypto trading.

It has mobile apps for both Android and iOS devices which allows users to track their crypto portfolios on the go.

It supports a majority of Ethereum-based tokens and crypto wallets making it a go-to crypto portfolio tracker for those involved with altcoins.

It provides 24-hour cryptocurrency reports which are very useful for daily recaps.

Users can get discounts on paid plans (CoinStats Pro and CoinStats Premium) through the CoinStats Community.

It provides users with unrivalled data and analytics that help them to trade and correct mistakes.

It provides up-to-date alerts allowing traders to capitalize on market trends.

It allows users to stake their crypto assets through the CoinStats wallet and earn staking rewards of up to 20% APY.

Cons

The free plan does not allow access to some key features meaning you have to choose one of the paid plans to access these features.

CoinStats does not support many major BTC wallets.

CoinStats does not support many crypto exchanges compared to its competitors.

Why you should use CoinStats

If you are focused on Ethereum-based altcoins then CoinStats could be a good choice for a portfolio tracker. CoinStats has focused on the Ethereum ecosystem which has set it apart from most of its competitors who have generalized their approach.

You can basically add any Ethereum wallet to your CoinStats account and trade or invest in any ERC-20 token.

CoinStats also does not limit the types of crypto trades or investments thus providing a fair playing ground especially if you want to diversify your crypto investment. You also get some market insights including analysis to help you invest better in crypto.

Final verdict

While CoinStats is not the most popular crypto portfolio tracker, it has made a name for itself within the Ethereum ecosystem making it one of the best portfolio trackers for crypto investors focused on ERC-20 tokens.

Besides the wide variety of features and relatively affordable paid plans, CoinStats have mobile apps that allow users to track their portfolios on the go.Ethereum

The post CoinStats Review: its pros, cons, and how it works appeared first on CoinJournal.