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OG influencer Paris Hilton sees the metaverse as the ‘future of partying’

  • Paris Hilton also made TV history when she gifted everyone on ‘The Tonight Show’ a free NFT.
  • The celebrity media personality Paris Hilton continues to be a major voice for the NFT space, having garnered massive praise since her move into the space.

Paris Hilton has said that she looks at the metaverse as an innovation that will enhance social life.

The OG influencer said this when she appeared on ‘The Tonight Show on Monday, a platform she used to reveal further developments in her love for NFTs. 

But it’s not just in the area of digital collectibles that the popular heiress sees a bright future.

She also believes in the metaverse, a virtual reality world concept that has gathered momentum in recent months and attracted the likes of Meta Platforms (formerly Facebook), Google, Microsoft, and gaming provider Roblox.

It is a 3D world where people will be able to interact, work and do many other things. And Hilton believes it will define the “future of partying.”

According to her, the metaverse is where people will ‘go out,’ interact and be social.

The businesswoman already has a footprint in the metaverse concept, with her “Paris World” virtual world available on Roblox. She says that Paris World will eventually see major virtual reality events, including the Super Bowl and the New York Fashion Week.

Hilton, who counts a “Bored Ape” among his enviable collection of NFTs, also talked about her upcoming “Forever Fairytale,” offering, which details her relationship with husband Carter Reum.

It didn’t end there for those in attendance. 

The actress gifted the Tonight Show host Jimmy Fallon and the entire audience an NFT from the collection.

Commenting on the giveaway, Fallon termed it as “the first NFT giveaway in television history.” His remarks were also echoed by many on social media, with some noting how incredible Hilton’s support for NFTs is and what it means for the whole space.

The post OG influencer Paris Hilton sees the metaverse as the ‘future of partying’ appeared first on Coin Journal.

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Here is why Cosmos (ATOM) Price is rallying

The Cosmos native crypto (ATOM) has surged by more than 17% in the last 24 hours; a time when all the major cryptocurrencies like Ethereum and Bitcoin have nosedived although they are now turning green as they try to correct.

Cosmos is currently at $36.08 with a trading volume of $3.9 billion and is up. If it continues with the current bullish trend, it might set a new all-time high within the first quarter of 2022.

What is Cosmos (ATOM)?

Cosmos is simply a project that solves the problems facing the blockchain industry to make blockchain technology less difficult and complex for decentralized apps developers.

ATOM is the native token of the Cosmos blockchain network.

Why the ATOM price is rallying

The current ATOM rally is highly attributed to the recent announcement by the market cap on Twitter saying that it will share IBC integrated tokens on the Cosmos network. Currently, Terra has already dominated this market with 49.6%.

ATOM is expected to shoot to the moon after the Terra market domination. However, when ATOM hit an all-time of $44.8 on 20th September, it started a phase that ended at $20.18 in December and since then it has continued to rise.

With the failed January 7 and 17 breakout attempts, the bulls started an inverted head and shoulder breakout on January 1st and the altcoin hit a five-week high of 79.61% ROI from its 29th December low.

The bears maintained their 43.6% Fibonacci support as the bulls continued to defend the 23.6% support level which they later lost by 38.2% in the recent sell-off, during the sell-off ATOM lost 35.6% of its worth, although they recaptured 38.2% from the growing selling effect.

There was a bearish bias after RSI formed the downward channel due to the resistance near the midline which led the MACD’s histogram to discover a closing equilibrium that favored the sellers.

The post Here is why Cosmos (ATOM) Price is rallying appeared first on Coin Journal.

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You can now buy OOKI, the token of an innovative decentralized protocol: here’s where

Ooki is a decentralized protocol for margin trading, borrowing, lending and staking. It enables developments of dApps for lenders, borrowers, and traders. It has added 29% to its value in the last 24 hours. 

This article has everything you need to know about Ooki Protocol, including where to buy the Ooki token.  

Top places to buy OOKI now

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

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

What is OOKI?

OOKI is a community-run project, governed by the community vote for all major changes to the protocol. It makes it possible for users to interact with the most flexible decentralized finance protocol on multiple blockchains.

The OOKI token allows the Ooki community to govern the protocol through staking OOKI token and voting in the Ooki DAO. OOKI token holders receive a portion of protocol revenue.

50% of fees generated by the protocol are distributed to OOKI stakers. The remaining 50% of fees are allocated to the insurance fund and Ooki treasury.

Ooki Protocol provides four primary services to it’s users: leveraged margin trading, borrowing, lending, and staking. Trading is at the core of Ooki Protocol. Users can easily open long or short leveraged trading positions at fixed interest borrowing rates.

Ooki protocol also allows users to borrow funds with collateral and lend funds to earn interest. A unique feature of Ooki protocol is the existence of fixed rates of interest on borrowed funds.

Should I buy OOKI today?

Ooki can be a lucrative investment, but take the time to study the market and read analyses of its prospective price trajectory. Take all investment advice with a grain of salt.   

OOKI price prediction

Price Prediction is moderately bullish on Ooki. They predict it will trade for at least $0.014 at the end of this year. In 2023, the price of Ooki Protocol is expected to reach a minimum of $0.021 and a maximum of $0.025 with the average price of $0.021 throughout the year.   

OOKI on social media

 

The post You can now buy OOKI, the token of an innovative decentralized protocol: here’s where appeared first on Coin Journal.

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Is $1.5 the next low for Fantom (FTM/USD)?

  • FTM/USD is down 7.83% in the past 24 hours and 33% in the last seven days
  • The crypto token sits at the support of $2.0 in a bearish market
  • $1.50 is the next support level if FTM/USD breaks below the consolidation zone

Fantom’s token FTM/USD has been on a strong rally since December 21, when all other cryptocurrencies were experiencing major weaknesses. It rose from a low of around $1.35 on December 21 to a high of $3.37 on January 17.

However, the token faced bearish pressure and has been dropping since then. At the current trading of around $2.0, FTM/USD has dropped by more than 7% in the past 24 hours, extending losses in the week to at least 33%.

FTM/USD technical analysis – $2.0 is the established support

Source – TradingView

Looking at the daily chart above, FTM/USD has retreated to the support of $2.0. It attempted to rebound before retesting the support again in price weakness that has engulfed the entire cryptocurrency industry. The overall weakness has been connected to the upcoming policy tightening by Fed aiming to tame the rising inflation.

Although FTM/USD is rebounding from the support, it still faces bearish pressure, with the 9-day, 14-day, and 20-day providing resistance. A short-term resistance also exists at the $2.39 level and could constrain prices. We need to watch the close of the candlestick on the daily chart to confirm a trend reversal or continuation.

Summary

Based on the technical pointers, FTM/USD presents a buying opportunity if the $2.0 level holds. A price action signal such as the formation of a bullish pin bar at the support could signal a trend reversal and take FTM/USD higher.

Nonetheless, FTM/USD could break below the support if crypto weakness continues. A break below the current level would see the token claim the $1.5 zone, which is the next support.

The post Is $1.5 the next low for Fantom (FTM/USD)? appeared first on Coin Journal.

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Chainlink extend negative price action to the south as price trade below $17.75 resistance

Supply and demand have been termed as the major factor that causes uphill and downhill in the market. However, in a bearish moment such as this period, it’ll be best to have a firsthand approach to the market.

While it’s easier to open a buy or sell order on the flip side, the consequence of inadequate understanding of the market price movement may result in total loss of trading account. And to be able to stay ahead of the market do read below to get a grasp of what Chainlink (LINK) has to offer this week.

LINK/USD technical analysis outlook

Source – TradingView

Across the hourly chart, the price action of Chainlink had broken below the $17.73 resistance after strong bearish market volatility pushed the price of the assets into a negative sell-off mode.

However, at the time of writing this analysis, the value of LINK/USD tends to trade along the July 23rd market initial support region. In essence, if the price should plunge below this level, the entire price movement of LINK/USD will meet near-term support at a $10.59 bearish price target.

Weekly price chart

Source – TradingView

After facing rejection along with $27.31 resistance, the value of LINK/USD tends to plummet aggressively against the US dollar as fundamental economic updates from the US region aim to hasten the action of sellers at driving the price of the asset to the South. However, the overall price action of Chainlink across all time frames remains negative.

Where could be a positive turning point for the asset

While awaiting the market to complete its bearish price movement, we should however be aware that if this negative price action should extend further, the value of LINK/USD may likely find a resting point at $10.59 If at all the volume of the sellers outweigh the buyers‘ momentum.

The post Chainlink extend negative price action to the south as price trade below $17.75 resistance appeared first on Coin Journal.