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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Binance Loans starts accepting AVAX and ADA as collateral assets 

Binance has announced that Binance Loans has started accepting AVAX and ADA tokens as collateral assets.

Binance Loans’ new Collateral assets (AVAX and ADA)

Binance Loans will now be accepting AVAX and ADA as collateral where they will provide loan orders that are backed by the two tokens so as to lower the borrowing cost.

However, Binance Loans also offers a number of cryptos as collateral assets, loanable limitations, and interest rates which depends on the internal risk mitigation and market situations. 

Difference between Crypto Loans and traditional loans

Basically, Crypto loans and traditional loans depend on the same principle but the main difference between the two is how people account for their money. In traditional loans, credit ratings are used to determine the risks, but in crypto loans credit rates are irrelevant. Institutions can use traders’ crypto as collateral until the borrower repays the loan. 

In Crypto Loans the period of repayment can be shorter than that of regular loans, for example, Binance Loans offers a loan term of about 7 to 180 days.

The risks involved in Crypto Loans

One of the risks involved in Crypto loans is the volatility of cryptos which makes them unstable as compared to normal currencies. For example, the value of crypto can drop making the collateral value of the lender less than that of the loan.

However, crypto loans may appeal to investors for a number of reasons as a number of traders might not consider liquidating their assets. Crypto loans can help traders to receive interest on their assets.

Besides, traders can use Bitcoin (BTC) to borrow USDT or BUSD as there is a high probability for the collateral value to increase and worth more than the loan. BTC value might rise to make some profits for the loan borrower.

The post Binance Loans starts accepting AVAX and ADA as collateral assets  appeared first on CoinJournal.

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Why is Loopring up by more than 6% today?

The cryptocurrency market has experienced a mixed performance over the past 24 hours.

The crypto market has experienced a mixed performance since the start of the week. The market is up by less than 1% in the last 24 hours, with the total market cap currently below the $1.3 trillion threshold.

Bitcoin is trading in the green zone but continues to struggle to surpass the $30k resistance level. Ether is also trading around the $2k level after adding less than 1% to its value so far today.

However, LRC, the native token of the Loopring ecosystem, is one of the best performers amongst the top 100 cryptocurrencies by market cap today.

LRC has added more than 6% to its value in the last 24 hours and is up by 20% over the past seven days.

At press time, LRC is trading at $0.5734 per coin. The major catalyst behind LRC’s ongoing rally is the news that Loopring has processed more than $5 billion in cumulative trading volume. 

As a layer-2 protocol, this latest development is an important milestone for the Loopring ecosystem. 

Key levels to watch

The LRC/USD 4-hour chart is currently bullish as Loopring has been performing well so far this week. The technical indicators show that it is one of the best performers amongst the top 100 cryptocurrencies by market cap.

The MACD line has been above the neutral zone for the past few days, indicating bullish momentum. The 14-day relative strength index of 59 shows that LRC could enter the overbought region if the current market momentum is maintained.

If the rally continues, LRC could break past the first major resistance level at $0.6137 before the end of the day. The second resistance level currently stands at $0.7564 and LRC could surge past it with the help of the broader cryptocurrency market. 

The post Why is Loopring up by more than 6% today? appeared first on CoinJournal.

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Highlights May 25: Market bullish, Ethereum Classic and Kava lead the way

The Ethereum Classic logo, grey circle with blue rim that has a blue & black diamond at its center

The crypto market as a whole is bullish with most top 100 coins in the green at the time of writing. 

Top cryptos

This market was mixed over the past 24 hours, with some of the top 10 cryptos registering gains, while others registered losses. 

Bitcoin was around 2% higher, trading below $30,000 this morning. Ethereum and Cardano registered small gains, while XRP and Solana registered small losses.  

Top movers

Outside the top 20, most coins registered slight gains. Notable standouts include Ethereum Classic and Kava with 11% each. Ethereum Classic is going against the market, possibly gaining on news of an associated NFT giveaway. 

Kava’s EVM launch is tomorrow. It is expected to add some value to their L1 space. TerraUSD added almost a quarter to its value today, but is still trading for a fraction of its former price at 10 cents. 

On the losing side, NEM and Decred are down by around 5% each, reversing recent gains.  

Trending

The biggest winner today is Diamond Love (LOVE), the token of Diamond Network, a new multichain platform.

It is said to help blockchain developers easily deploy custom blockchains and decentralized applications and easily connect to the Diamond ecosystem.

Diamond Network is positioned to become a leading multichain network among blockchains built on Polkadot’s Substrate Framework. It is up 2,244% today.  

The post Highlights May 25: Market bullish, Ethereum Classic and Kava lead the way appeared first on CoinJournal.

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Alchemy Pay token ACH is up 13%: here’s where to buy ACH

The live Alchemy Pay price today is $0.025 with a 24-hour trading volume of $192.7 million. Alchemy Pay is up 13.00% in the last 24 hours. 

If you are attracted to unique features and want to learn how and where to buy ACH, this guide is for you. 

Top places to buy ACH now

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy ACH with Coinbase today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy ACH with Swapzone today

What is ACH?

Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. 

It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible.

Should I buy ACH today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

ACH price prediction

Tech News Leader provides a moderately bullish outlook on ACH. They predict it will only go up to $0.030 in 1 year. However, they believe it will be worth $0.098 in 5 years and $0.62 in a decade. 

ACH on social media

The post Alchemy Pay token ACH is up 13%: here’s where to buy ACH appeared first on CoinJournal.

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Three coins that could double in price in the coming weeks

The crypto industry always has its highs and lows. While 2021 was the year of highs, in 2022 things have not really kicked the way we hoped. For this reason, it can be quite hard to find unique coins that have the potential to deliver superb gains. But here is why this is the perfect time to buy:

  • The market has dipped significantly, so most coins are selling cheap

  • The likelihood of a relief rally after months of decline is very high

  • As other asset classes also fall, investors may look into crypto to diversify their portfolios

So, in case you are searching for projects that can deliver at least 2x growth in the coming weeks, these three below should be great.

VeChain (VET)

VeChain, like most coins in the market, has simply crashed from its all-time highs that we saw back in 2021. In fact, the coin is more than 10x cheaper than it was at the time. This creates a very decent dip that could provide some good opportunities for growing your investment. 

Data Source: TradingView

Now, we are not suggesting that VET will somehow regain its ATH in a few weeks. But this is one project that still has the potential to grow by at least 2x in the near term.

Decentraland (MANA)

We have also seen many metaverses and P2E gaming tokens fall further this year. In fact, at the turn of 2022, MANA boasted a market cap of around $5 billion. That value has since dropped massively to around $1 billion. At one point, MANA even went below the billion mark. We expect the coin to rebound though, and at least hit $2 per coin.

ThorChain (RUNE)

ThorChain has often been an underrated project. It has so much to offer and yet the price action has never reflected this. The recent decline also means that RUNE is now heavily discounted. When the market rebounds, it is likely to see additional gains too.

The post Three coins that could double in price in the coming weeks appeared first on Coin Journal.