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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Best Ethereum DEX coins to buy and hold right now

Decentralized exchanges are often seen as an integral part of the crypto industry. As such, over the years more and more DEXs have been launched on Ethereum and other blockchains. But why are DEXs actually getting so much attention from investors? Here are some reasons:

  • Many DEXs are solving the liquidity limitations that have curtailed their growth for years.

  • DEXs are seen by crypto traders as safer and more private compared to central exchanges.

  • Growth in DEX trade volume is going to keep rising in the near future.

Well, for investors looking for the best Ethereum-based DEXs to invest in, we have three coins below that should be perfect.

UniSwap (UNI)

Uniswap (UNI) is the king of DEXs. It was in fact one of the first such platforms to be built on Ethereum. Other DEXs have followed suit, but most are modeled behind the UniSwap original concept.

Data Source: Tradingview 

At the moment, Uniswap remains the biggest DEX on Ethereum. It also recorded nearly $51 billion in trade volume in January, one of the highest in the market. If you are looking for a tried and tested DEX with a proven track record of success, Uniswap is just perfect.

dYdX (DYDX)

dYdX (DYDX) is designed for derivative traders. It offers access to a huge range of perpetual contracts and futures on several crypto assets. It is also fast, secure, and offers lower fees compared to many derivative trading platforms out there. On average, the platform gets around $6.5 billion in daily trading volume.

1Inch Network (1Inch)

1Inch Network (1Inch) is a liquidity aggregator and DEX that offers users peer-to-peer crypto trading. It is also providing the infrastructure needed to expand DeFi all over the world. The network offers cross-chain liquidity aggregation and makes it easier for traders to buy and sell crypto assets with very minimal slippage fees.

The post Best Ethereum DEX coins to buy and hold right now appeared first on Coin Journal.

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Top 3 coins that are changing DeFi in 2022

It is largely expected that 2022 will be the year of decentralized finance or DeFi. New and exciting projects in DeFi are coming out while existing projects are getting bigger. Here are reasons why DeFi will explode in 2022:

  • Institutional investors are eying up DeFi projects

  • Innovation in DeFi is growing by the day with more successes expected in 2022.

  • DeFi has the potential to become its own independent sector free from the broader crypto market.

So, if you are looking for DeFi projects that will have a huge impact on the industry this year, we have a top 3 list below.

GoldFinch (GFI)

GoldFinch (GFI) is a decentralized lending protocol that allows users to access crypto-backed loans without collateral. The project is one of the few in the market today that is offering uncollateralized loans.

Data Source: Tradingview 

According to data from the website, over 200,000 users are already benefiting from its loans. GoldFinch is targeting users across emerging markets where the need for credit is highest. It is one of those projects that solve a real need and is likely to expand further in 2022.

Trader Joe (JOE)

Trader Joe (JOE) is a highly liquid decentralized exchange built on the Avalanche network. It is the main DEX for avalanche too, and is designed to facilitate peer-to-peer crypto exchange around the world. Trader Joe also provides liquidity and yield farming pools that allow users to earn rewards. It is characterized by fast transactions, low arbitrage fees, and security.

Convex Finance (CRV)

If you are looking for a reliable liquidity aggregator that will help you stake and earn rewards, then Convex Finance (CRV) will be ideal for you. It is an established DeFi project of course, with a market cap of around $1.5 billion. But there is still so much potential, and CRV is likely to jump even further.

The post Top 3 coins that are changing DeFi in 2022 appeared first on Coin Journal.

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Fantom (FTM) slides 12% as crypto markets bleed

FTM has also declined against Bitcoin and Ethereum, down by more than 7% on both pairs.

Fantom’s FTM token has plunged more than 12% in Friday evening trading and looks set for more losses given the current bleeding in the crypto market.

FTM is about 21% down this week, with the downtrend taking its value against the US dollar below $1.00.  Selling pressure has pushed the FTM/USD pair to intraday lows of $0.88, below the critical support zone at $0.92 established in September.

This puts the Fantom price on course for a potential retest of prices last seen in February 2021 if a fresh downside gathers momentum towards the next major support line at $0.80.

Fantom could dip to $0.47, says analyst

FTM traded at highs of $3.35 in January, but with the broader crypto market in a downtrend, the cryptocurrency has moved within a declining parallel channel since. It tested highs of $1.68 on 2 April, the upper boundary of the channel.

Declines since have FTM/SUSD currently facing a retreat to the lower trendline, with today’s rot pushing it below the channel’s midline support.

According to crypto trader and technical analyst il Capo, bulls are unlikely to hold above the support line. He suggests that Fantom price might dip to new support at $0.47-$0.52.

Fantom could drop to $0.47 according to il Capo.

Comparing FTM/USD chart outlook this week to that seen in February, he noted:

“As you can see, there were bounces in between, but the target has been reached. I don’t think this level will hold for long though. Main target for FTM is $0.47-0.52.”

The analyst’s comments came earlier in the week, following Fantom’s retest of the $1.00 area.

Looking at the rest of the market, total market capitalization is down 4.1%, while Bitcoin and Ethereum have declined 4.5% and 5.3% respectively at the time of writing. BTC is trading around $38,560 and Ether is trying to hold the $2,800 support zone.

The post Fantom (FTM) slides 12% as crypto markets bleed appeared first on Coin Journal.

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Binance has briefly halted Solana withdrawals

Binance, the world’s largest cryptocurrency exchange and trading platform, has suspended withdrawals on the Solana (SOL) network, according to a notice given to its users on Friday afternoon.

Per the notice, the suspension of SOL withdrawals follows high volumes of transaction failures. The exchange explained that the problem has been experienced a number of times since 25 April.

“Withdrawals on the Solana (SOL) network have been suspended for a few times since 2022-04-25 (UTC). This is due to high withdrawal volume generated with blank transaction IDs,” the notice read.

Binance added that the failures start on-chain (on Solana) and thus affect the withdrawals.

“Once it is confirmed that the on-chain transactions failed, the corresponding withdrawal requests would be rejected. The entire process takes at least four hours.”

The exchange says it’s collaborating with Solana to find a “stable, long-term solution” to the problem.  Users will be notified once there are updates on this, the Binance team added.

Solana is currently the sixth-largest cryptocurrency by market cap at $31.7 billion. 

In the past 24 hours, it has recorded a trading volume of over $1 billion, with more than $160 million of that in the SOL/USDT pair on Binance.

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Samsung to list first Crypto ETF in Hong Kong

Samsung, the largest asset management in Korea, is planning to list its first crypto exchange-traded fund (ETF) which has been experiencing traction since January 2022. Besides, other major industries are also eyeing to join the crypto EFT.

Samsung dominates the crypto industries 

According to a local media report, the listing will be the first Asia ETF to include actual cryptos as the capital market company tries to make itself readily available to the globally growing blockchain market.

However, this will indirectly involve digital assets as a there might be a delay in its domestic listing similar to this week’s Australia delay as they launched 3 crypto-related ETFs.

The management had recently purchased a 20% stock worth $30 million in AmplFi, a US-based management firm, gaining AmpliFi EFT sales in Asia.

Besides, there were speculations that the much-anticipated launch of ETF will use the same structure as the AmpliFi. A firm is required to invest a minimum of 80% of its net asset in the equity securities of the blockchain companies.

The issue of investing in crypto-related companies is becoming famous day by day. Some of these companies include NVIDIA which makes GPUs for Bitcoin (BTC) mining and Silvergate which offers banking services, in addition, there are other financing organizations like Coinbase, Galaxy Digital Holdings, and many more.

However, the current trends of Crypto ETFs are one of the ways that are being carried out today to invest in the digital assets with Samsung asset management listing Crude oil EFTs, FANG+, and many more on the Hong Kong stock exchange.

The post Samsung to list first Crypto ETF in Hong Kong appeared first on Coin Journal.