Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

GameStop shares spike on news of creating an NFT marketplace

GameStop shares gained 22% in extended trading on Thursday after a Wall Street Journal report disclosed that the gaming merchandise retailer plans to create a non-fungible token (NFT) marketplace. The report, which cited people familiar with the matter, further divulged that GameStop seeks to forge cryptocurrency partnerships to create games and products for the NFT marketplace.

Reportedly, the Grapevine, Texas-based company has hired over 20 people to run the NFT business, which will feature an online hub for buying, selling, and trading NFTs of virtual videogame goods such as avatar outfits and weapons.

At the time of writing, the GameStop stock (GME) is changing hands at $131.03. This price represents a 1.28% gain in the day. By tapping into the booming NFT market, GameStop could get a much-needed change of pace that frees it from its trend of registering massive losses despite the resilience of its stock.

GameStop currently relies on brick-and-mortar sales of new and used physical video games. However, Ryan Cohen, the company’s newly-elected Board Chairman, is keen on steering the company in a technology direction.

Notably, GameStop’s decision to embrace NFTs is not new. The company rolled out a bare-bone website dubbed GameStop NFT in May 2021.

The website invited content creators to take part in shaping the NFT platform, noting,

“We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you’ve built to: nfteam@gamestop.com.”

Forging strategic partnerships 

Per the sources, GameStop is asking select game developers and publishers to list NFTs on its marketplace when it launches later this year. Specifically, the firm is inching closer to inking two strategic partnerships with two crypto firms that would share their technology and co-invest in games, as well as other NFT-related initiatives.

Loopring, a layer-2 protocol rumoured to be one of the companies working with GameStop, also saw its native token surge. At the time of writing, Loopring (LRC), the 61st-largest crypto by market capitalization, is up 6.66% over the past 24 hours to change hands at $1.81.

While integrating NFTs into its business might help turn GameStop’s luck around, it is worth noting that the plan is risky. Experts believe that the NFT space is a massive bubble that will inevitably burst, leaving investors devastated.

The post GameStop shares spike on news of creating an NFT marketplace appeared first on Coin Journal.

Veröffentlicht am

Market highlights January 7: Metaverse tokens make a comeback, most other cryptos remain in the red

The crypto market was seen lower over the past 24 hours, as the majority of top 10 cryptos were in the red at time of writing.  Today, Wall Street might be impacted by the Non-Farm Payroll report and other job data, to be released at 13:30 GMT.

Top cryptos

Bitcoin fell around 3%, trading below $42,000 this morning, while Ethereum registered losses of more than 7%. The only gainers in the top 20 were Cardano, XRP, Polygon, and Chainlink.

Cardano and XRP were up by around 1%, and Polygon and Chainlink – by around 2%. A bug on CoinMarketCap resulted as Hex ranking eighth by market cap. In reality, it’s #201.

Top movers

The price of Counos X (CCXX) has increased by 64% in the last 7 days. Today, it added another 81% to its value. It now ranks 89th by market cap.

The live Cosmos price today is $44 with a 24-hour trading volume of $2.7 billion. Cosmos is up 22% today.

The live Harmony price is $0.32. The token ONE gained 16% today. 

MANA is a leading top 100 coin by market cap that has started recovering from yesterday’s losses. The live Decentraland price today is $3.20 with a 24-hour trading volume of $2.4 billion. Decentraland is up 13% in the last 24 hours. 

Quant, which aims to connect blockchains and networks on a global scale without reducing the efficiency and interoperability of the network, is also recovering very well from recent losses, which affected the whole crypto market. It added 14% to its value in the last 24 hours. 

Trending

MetaCraft is a running group chain play imitating Rarity. It was the biggest trender at the time of writing. The live Metacraft price today is $0.28 with a 24-hour trading volume of $467,563. MetaCraft is up 354% in the last 24 hours. 

The post Market highlights January 7: Metaverse tokens make a comeback, most other cryptos remain in the red appeared first on Coin Journal.

Veröffentlicht am

Where to buy Sandbox, the ecosystem of the most popular metaverse game

The Sandbox is a unique platform that introduces blockchain technology to the world of gaming. Its native token SAND has gained 4% in the last 24 hours.

If you’re interested in the details surrounding Sandbox: what makes it unique, its future price trajectory, and the top places to buy Sandbox, you’re about to find out in this short guide.

Top places to buy Sandbox now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy SAND with eToro today

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy SAND with Binance today

What is Sandbox?

The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. The gaming industry is a huge untapped market when it comes to the adoption of blockchain tech, a fact Pixowl, the creators, picked up on back in 2011. 

By creating a universe where gamers can create and collect blockchain-based assets, the Sandbox aims to revolutionize the market.

By focusing on user-generated content, the Sandbox creates a metaverse of involved players who contribute to the platform’s further development. 

Not only that, by introducing the SAND token, the Sandbox promotes decentralized governance and allows users to share their views and ideas about the development of the project.

Should I buy Sandbox today?

The Sandbox can be a lucrative investment, but we recommend carrying out market research first. Like all metaverse tokens, SAND can reverse its gains unpredictably.  

Sandbox price prediction

Practically all major analysts are bullish. Gov Capital has a 2025 price prediction of $61.58, implying upside of 914% from current prices. 

Wallet Investor has a 2025 price prediction of $31.14, equivalent to growth of 413%. Coin Price Forecast has a 2025 price prediction of $25, implying upside of 312% from current prices.

Sandbox on social media

 

The post Where to buy Sandbox, the ecosystem of the most popular metaverse game appeared first on Coin Journal.

Veröffentlicht am

Cosmos is skyrocketing today, up 15%: here are the top places to buy Cosmos now

The live Cosmos price today is $42 with a 24-hour trading volume of $2.7 billion. Cosmos is up 14.90% in the last 24 hours. If you want to know what Cosmos is, the price predictions for Cosmos, and the best places to buy Cosmos, you’ve come to the right place.

Top places to buy Cosmos now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy ATOM with eToro today

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy ATOM with Capital.com today

What is Cosmos?

Cosmos is described as “Blockchain 3.0”. The Cosmos software development kit focuses on modularity. This allows a network to be easily built using chunks of code that already exist. Long-term, it’s hoped that complex applications will be straightforward to construct as a result.

A major concern for some in the crypto industry centers on the levels of fragmentation seen in blockchain networks. There are hundreds in existence, but very few of them can communicate with each other. Cosmos aims to turn this on its head by making this possible.

Scalability is another priority, meaning substantially more transactions can be processed a second than more old-fashioned blockchains like Bitcoin and Ethereum. 

If blockchains are to ever achieve mainstream adoption, they’ll need to be able to cope with demand as well as existing payment processing companies or websites — or be even better.

Should I buy Cosmos today?

Cosmos can be a profitable investment, but do market research in advance. Cosmos can reverse its gains just as easily. Never invest more than you can afford to lose.

Cosmos price prediction

According to Coin Price Forecast, Cosmos will trade for $83 at the end of 2022, which will be an increase of 149% y/y. In the first half of 2023, the Cosmos price will climb to $108. In the second half, it will lose $10.54, closing the year at $97, which is up 136% from the current price.

Cosmos on social media

 

The post Cosmos is skyrocketing today, up 15%: here are the top places to buy Cosmos now appeared first on Coin Journal.

Veröffentlicht am

Hex trending today with no end to gains in sight: best places to buy Hex

Hex is recovering very well from recent losses, which affected the whole crypto market. It has gained 3% today and that’s just the beginning. The gains result from the CoinMarketCap error, due to which the token ended up getting listed in the top 20 by mistake. In this guide, you’ll learn what Hex is, whether it’s worth buying, and the best marketplaces for Hex now.

Top places to buy HEX now

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

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

What is HEX?

HEX is an ERC20 token running on the Ethereum network. It was conceived of as a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. 

HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.

HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.

Should I buy HEX today?

Before you decide to invest in Hex, do market research and read price forecasts. Be prepared for the unexpected. Hex can reverse its gains just as easily.

HEX price prediction

According to DigitalCoin analysis, the price of HEX will increase in the next 5 years starting from $0.22 as of today’s price to $0.95. Next year, it will go up to $0.32. Based on this forecast, HEX can be a profitable long-term investment.

HEX on social media

The post Hex trending today with no end to gains in sight: best places to buy Hex appeared first on Coin Journal.