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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The best blockchain gaming projects to buy right now

Play-to-earn games are becoming quite popular on the blockchain. This is seen as a huge part of the metaverse gaming section in crypto and as such, many investors are warming up to these tokens. Axie Infinity (AXS) has been one of the main blockchain gaming tokens the past year, but there are more others to note. But first, some highlights:

  • The blockchain gaming subsector in crypto is new and as such, it still has a lot of potential value to unlock.

  • The rise of the metaverse will be one of the key catalysts for growth in blockchain-based games.

  • There is a lot of increased institutional capital flowing towards metaverse related or blockchain gaming right now.

So, if you are thinking of putting some money on these gaming assets, here are two interesting tokens to check out right now.

Splintershards (SPS)

Splintershards (SPS) is a collectible card game that runs on the Ethereum blockchain. Players earn NFT card collections, with each card featuring some unique attributes. The cards can be bought and sold across the game using the native SPS token. 

Data Source: Tradingview.com 

On average, Splintershards gets around 300,000 active daily users, making it one of the most popular blockchain games right now. The SPS token is, however, trading at a very low price. At the time of writing, it was selling for $0.2112 with a market capitalisation of around $73 million.

Tiny Colony (TINY)

Tiny Colony (TINY) is an upcoming construction and management simulation game built on the Solana (SOL) chain. The game is played inside a virtual metaverse where players build and grow ant colonies. 

Players can also form alliances and participate in community events inside the metaverse. The in-game currency and governance token for the game will be TINY. This is an upcoming project, and you have a chance to get in before it launches officially.

The post The best blockchain gaming projects to buy right now appeared first on Coin Journal.

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The best new and upcoming crypto projects to buy into in 2022

If there is anything we learned from the crypto market in 2021 is that getting in early matters. Projects in blockchain have typically experienced explosive growth, and those who invested early tend to rip off the biggest reward. Although there are still some risks, here is are some of the reasons why buying new and upcoming crypto projects makes sense:

  • You simply get in while the price is still low and ride the upward momentum in the future if the crypto explodes.

  • Since the price is still low at the start, the overall downside risk is relatively low compared to assets that have already peaked.

  • Most new crypto projects are likely to achieve important developmental milestones in the future, something that bumps up the price.

Now, if you are looking for new and upcoming crypto projects to start investing in, we have two options here worth your attention:

Pulse Prediction Markets (PULSE)

Pulse Prediction Markets (PULSE) is an innovative DApp built on the NEAR ecosystem. The app is designed to use the power of Flux Oracle to resolve common prediction market issues and provide accessible and efficient platforms for users. The project is run by traders using the Pulse DAO where PULSE, the native governance token is used to influence administrative decisions. 

Data Source: Tradingview.com 

As one of the core projects on NEAR, Pulse is still very nascent and offers superb potential for future growth. At the time of reporting, it was trading for $0.1589, up nearly 25% in 24 hours.

Bit Hotel (BTH)

Bit Hotel (BTH) is an upcoming play to earn social blockchain game. The project is in the high potential gaming metaverse section and promises to rival other popular blockchain games like Axie Infinity. The native token BTH is the main in-game currency and can be used for governance as well. At the time of writing, BTH was trading for $0.1808.

The post The best new and upcoming crypto projects to buy into in 2022 appeared first on Coin Journal.

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Best cryptocurrencies for trading crypto derivatives

A crypto derivative is a financial product or instrument whose intrinsic value is based on the value of an underlying crypto asset. There are many crypto derivatives including futures, options, and Contracts for Difference or CFDs. Here are some important facts about these instruments:

  • Crypto derivatives are available on selected exchanges only and come with a significant degree of risk.

  • Derivatives are typically leveraged products with the potential of making rapid gains or losses within a short time.

  • Not all cryptocurrencies are available for derivatives trading, but more are expected to be in the near future.

Well, for investors who want to take advantage of leveraged derivatives in the crypto market, here are 2 assets to consider:

Bitcoin (BTC) Derivatives

As the most established crypto in the world, it was only a matter of time before trading in Bitcoin (BTC) derivatives started. In fact, exchanges like Binance have dedicated derivative products for Bitcoin including futures, options, and others. 

Data Source: Tradingview.com 

Also, Bitcoin (BTC) is supported across all the major exchanges, giving you more flexibility to trade. Many online brokers also provide leveraged Bitcoin (BTC) derivatives to global clients. It should therefore be easier to invest and besides, with the kind of liquidity you get with Bitcoin, filling orders is going to be very easy.

Ethereum (ETH) Derivatives

Ethereum (ETC) derivatives are also supported in literally all exchanges. Also, this is a coin that generally gets huge trading volume and as a such, it offers enough liquidity to trade leveraged derivatives with ease. 

Exchanges are also creating highly customised Ethereum (ETH) products that can be a bit complex for the average investor. But the key thing to remember here is that the value of the derivative will always rely heavily on the value of Ethereum (ETH) in the open market. At the time of writing, ETH was trading at $3, 812.

The post Best cryptocurrencies for trading crypto derivatives appeared first on Coin Journal.

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Market highlights January 4: Cryptos bearish, Tesla up 13%, leads SPX500 to record high

Crypto market as a whole is bearish, particularly the top 20. The DJ30 (+0.68%) and SPX500 (+0.64%) hit fresh highs yesterday in the first trading session of 2022. The NASDAQ100 (+1.2%) also closed higher. Tesla was the standout performer on the SPX500, advancing 13.5% after smashing analysts’ sales expectations.

Top cryptos

Most of the top 20 by market cap have lost value, with Polkadot and Algorand being exceptions in the top 12. Solana dropped more than 3%, Cardano and BNB were down more than 2.5% and XRP slid more than 2%. Bitcoin was trading above $46,000, down approximately 1.5% at time of writing.

The live NEAR Protocol price today is $17 with a 24-hour trading volume of $1.4 billion. NEAR Protocol, which ranks 15th, is up almost 20% in the last 24 hours.

Fantom, ranking at #19, was trading at $2.89 at the time of writing. It is up 19% in the last 24 hours. It is relentless as it corrects its previous pullback. It has been on a constant bull run since December 13, 2021, and analysts believe it will reclaim its ATH of $3 before the end of January.

Another winner is ATOM, the token of Cosmos. Its price today is just over $39 with a 24-hour trading volume of $2 billion. Its native token, ATOM, is up 10% in the last 24 hours.

Top movers

Hathor is the biggest top 100 winner today with gains of 25%. It arranges its transactions in a DAG – outside the blocks – which are confirmed by the blocks. This design reportedly allows Hathor to be highly scalable and decentralized. Hathor aims to tackle the complexity of creating a new token. Tokens in the network will reportedly operate with the same scalability and security parameters as the native HTR token.

Ravencoin is second with gains of 17%. It is a digital peer-to-peer network that aims to implement a use case specific blockchain, designed to efficiently handle asset transfer between parties.

Velas and Secret both gained 13% today. Velas bills itself as the world’s fastest EVM blockchain, enabling up to 75 000 tx/s, processed instantly, with high security and low cost. Secret is the native token of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3.

Akash is the world’s first decentralized cloud computing marketplace, and the DeCloud for DeFi. It is also up 13% today. Tezos has gained 12% in the last 24 hours.  

Trending

Saitama, a community-driven token and platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone, is up almost 50% today. It started as a meme coin, but eventually expanded beyond that. It’s surging on news of a potential Binance listing.

Shuna Inuverse, a next gen gaming NFT utility initiative, is the biggest trending coin of the day with value growth of 831%.

The post Market highlights January 4: Cryptos bearish, Tesla up 13%, leads SPX500 to record high appeared first on Coin Journal.

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Nexo co-founder believes Bitcoin could reach $100,000 by mid-2022

  • Antoni Trenchev is bullish Bitcoin will trade higher this year, possibly hitting $100k in the summer.

  • He believes institutional adoption and “cheap money” are key to pushing BTC prices higher.

Antoni Trenchev, the co-founder of the crypto lending platform Nexo, argues that the next six months could see Bitcoin price surge to the psychological target of $100,000.

Bitcoin failed to reach the $100k mark in 2021, fading its bull run in November when it hit the all-time high of $69,000. The miss saw bold predictions for the flagship cryptocurrency to reach the milestone before the end of the year rehashed for a fresh bid in 2022.

Trenchev isn’t alone in calling for a BTC price in the six-figure zone. Last week, El Salvador president Nayib Bukele also made this call, noting in via Twitter that the year will also see two other countries adopt the benchmark cryptocurrency as legal tender.  

But while his prediction has Bitcoin at the landmark target by end of the year, Nexo’s Trenchev says it’s possible the threshold could be breached even earlier. He told CNBC’s “Street Signs Asia” that pioneer cryptocurrency could be trending at $100,000 by mid-year.

Inflation hedge and “cheap money” 

Trenchev is looking at two scenarios that could aid Bitcoin’s upward price trajectory. He sees a spike in institutional investment as a boon for the industry, with inflows into Bitcoin aiding the bullish case. On this, he suggests inflation will see a growing number of investors seeking a hedge asset like Bitcoin. 

He also believes there’s a lot of “cheap money” ready to come into crypto, despite this likely to be upended by Fed interest rate hikes.

Noting that he holds a “contrarian” view, the Nexo boss believes the money will flow into Bitcoin as an inflation hedge. He looks at the scenario where equities and bond markets take a hit as soon as the central bank hikes the interest rates.

Yet, according to him, there hasn’t been “much political will” for an extended correction in the legacy markets, which could play out in support for “cheap money” flowing into Bitcoin.

Nexo launched its crypto lending service in 2018 and says on its website that its available in more than 200 jurisdictions, with over 2.5 million customers.

In the market, Bitcoin currently trades around $46,260 after breaking below $50,000 once again.

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