Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip?

Immutable X describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days. Is it time to buy the dip? This short guide gives the answer; you’ll learn more about IMX and the best places to buy IMX now.   

Top places to buy IMX now

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

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

What is IMX?

According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience.

Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

To achieve that, Immutable X is built with STARK zk-rollups, thanks to which users can create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale.

According to Gods Unchained director Chris Clay, Immutable X allows the game to implement a new meta-system that was previously impossible. In this fashion, Immutable X aims to create a world-class experience for users and developers alike.

Should I buy IMX today?

IMX can be a very lucrative investment. However, do explore the market and read at least several price predictions before committing to one. The downturn might continue.  

IMX price prediction

Tech News Leader is very bullish on IMX. They predict it can go up to as much as $7.04 in 1 year, more than twice its current value. IMX will be worth $19.78 in 5 years and $126.83 in 10 years.  

IMX on social media

The post Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip? appeared first on Coin Journal.

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Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP

The live Quantstamp price today is $0.098 with a 24-hour trading volume of $58.8 million. Quantstamp is up 34.36% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy QSP, this guide is for you.

Top places to buy QSP now

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

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

What is QSP?

Quantstamp is a leader in blockchain security providing expert security audits and blockchain solutions.

Top crypto and enterprise companies including Ethereum 2.0 (Prysmatic Labs Client), Binance, MakerDAO, Chainlink, eToro, and World Economic Forum choose Quantstamp to secure their blockchain applications.

QSP is an ERC-20 token used for verifying smart contracts on the decentralized QSP Security Protocol. Users can buy automated scans of smart contracts with QSP, and validators can earn QSP for helping provide decentralized security scans on the network.

Should I buy QSP today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

QSP price prediction

Wallet Investor predicts a long-term increase in the price of QSP. In January 2027, they forecast 1 QSP will trade for $0.15, almost twice its current value. A 5-year investment will only generate revenue of around +56% though. If you invest $100 in QSP now, you’ll have $156 in 5 years.

QSP on social media

The post Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP appeared first on Coin Journal.

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The best choice of stablecoin: Tether (USDT) vs USD (coins)

 The volatility of most cryptocurrencies brought about the deployment of stablecoins. These assets are pegged to external assets, mostly fiat currencies. Of all the stablecoins, tether and USD coin rank higher and are both tied to the USD. Similarly, they are listed on virtually every exchange, dApp, and wallet.

 USDT was the first to be created and was issued in 2014 by Tether Limited to integrate fiat into the crypto space. It has the highest market cap and is the most traded in the market. It is used to conduct trading activities and to settle transactions on the various blockchains it is compatible with. Also, other cryptocurrencies can be converted to USDT to evade volatility while earning rewards for holding it.

 USDC is the stablecoin created by Circle Internet Financial and Coinbase and was launched in 2018. Transparency and stability are managed by Centre Consortium. It was deployed using the Ethereum blockchain and as such, it can be used by various dApps. This has made it popular in the DeFi ecosystem where holders can enjoy lending and high yield savings among others.

 Both stablecoins have a central authority and maintain a slightly fluctuating price. As of today, both coins have maxed out their total supply. In May 2019, USDC peaked at $1.17 but costs $0.99 right now. USDT is exactly $1 now but reached an ATH of $1.32 in July 2018.

 As stated earlier, USDT is the most traded with a market cap of $78.2 billion while USDC follows it closely with a $31 billion difference. Although they are both available on Ethereum, Algorand, and Solana, USDT has compatibility with Tron, EOS, OMG, SLP, and Bitcoin blockchains. USDC is inspected by Grant Thornton monthly and USDT is audited by Freeh Sporkin and Sullivan LLP.

 In choosing the better USD variant, the exchange would play a part. However, of the two, USDC is the better investment as it is stable, regulated, and regularly audited. Bear in mind that crypto investment is very risky no matter how stable it seems. Do your research and deal wisely.

The post The best choice of stablecoin: Tether (USDT) vs USD (coins) appeared first on Coin Journal.

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Render Token (RNDR) plunges by 15% in 24 hours despite outperforming the entire crypto market this week

Render Token (RNDR) has been a star performer in crypto over the last week or so. In fact, the coin has been outperforming the market, surging above most coins that appear to be recovering slowly from the January slump. But the coin saw immense selling pressure today, tanking by nearly 15%. Here are some highlights:

  • At press time, Render Token (RNDR) was trading at $3.27, down by 15% in the last 24 hours.

  • Despite the intraday plunge, RNDR is still 32% up over the last 7 days, indicating just how strong the recent uptrend has been.

  • The coin has in fact surged by over 70% compared to the lows of $1.8 recorded barely a week ago.

Data Source: Tradingview

Render Token (RNDR) – Can the uptrend hold?

Many analysts have a positive outlook on Render Token (RNDR). Based on the price action over the last week, there is no doubt the coin is on a bullish uptrend. The 15% 24-hour plunge could be a much-expected pullback. It does not change the overall outlook and as such, we expect Render Token (RNDR) to continue outperforming the market in the coming days. 

The key will be to watch if there is additional bear pressure in the coming days. Although it is unlikely, if the price retreats towards the $2.89 support zone, we may start to see RNDR lose momentum.

Should you buy Render Token (RNDR)

Render Token (RNDR) is billed as a distributed GPU rendering network designed to offer GPU computing power. The project is built on Ethereum and started operating in 2017. 

There are of course other blockchain projects that aim to offer decentralised computing resources. But Render Token (RNDR) targets the design industry and as such, it can realistically build a strong niche in this area. It is simply a decent asset to hold in the long run.

The post Render Token (RNDR) plunges by 15% in 24 hours despite outperforming the entire crypto market this week appeared first on Coin Journal.

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Tezos (XTZ) Continues to surge upwards as the chain announces a new sponsorship deal with Manchester United

Tezos (XTZ) is starting to put the choppy days of January well behind it. The coin has been surging over the last seven days despite a somewhat slowed recovery in the broader market. Tezos (XTZ) also announced today that it is signing a new sponsorship deal with Manchester United. Here are some highlights:

At the time of writing, Tezos (XTZ) was trading at around $3.87, up about 6% over the last 24 hours alone.

The coin has also surged in the past week, gaining a whopping 32% in the process.

The new sponsorship deal with Manchester United is reported to be worth £ 20 million a year

Data Source: Tradingview

Tezos (XTZ) – price prediction and outlook

Most coins did not have a good January and a fresh new month of course brings fresh optimism. Well, it seems like Tezos (XTZ) is really taking advantage of improved sentiment in the market. 

The token has been on a massive bullish uptrend over the last 7 days gaining nearly 32%. Tezos (XTZ) is also seeing decent gains in intraday trading. The coin is up around 4%. 

We have also seen an uptick of the trading volume. It’s unclear if the Manchester United deal had anything to do with this. But it is highly unlikely since the news just broke a few hours ago.

Long term outlook for Tezos (XTZ)

As a major smart contracts platform designed to offer an alternative to Ethereum, Tezos (XTZ) has worked quite hard to build its ecosystem. The chain has also created advanced and reliable blockchain infrastructure as it looks to evolve into an efficient and dependable project. 

It is by far one of the most exciting tokens out there. Besides, the sponsorship deal with Manchester United is an indication that the platform is sparing no effort in expanding its reach. So, based on these fundamentals, Tezos (XTZ) will continue to grow in the long term.

The post Tezos (XTZ) Continues to surge upwards as the chain announces a new sponsorship deal with Manchester United appeared first on Coin Journal.