Kategorie: Crypto News

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FITFI soars 150% after premiering on multiple exchanges: here’s where to buy FITFI

FIFTI was listed on OKX, MEXC, Crypto.com, and a few other exchanges and saw its price rise exorbitantly as a result. Its trading volume has been equally impressive, up 2,129% in the last 24 hours.

This brief guide has everything you need to know about the FITFI token, including whether and where to buy FITFI if you choose.

Top places to buy FITFI now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for FITFI

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

What is FITFI?

FITFI is the governance token of Step App, an ecosystem that features staking, locking, liquidity incentives, buybacks, and burns. These are driven by demand drawn by both gameplay perks and value drawn from the game economy.

FITFI tokens benefit from ecosystem fees. KCAL tokens are the in-game token. KCAL tokens are used to buy SNEAKs and are earned from running while staking a SNEAK.

Step is a development protocol for FitFi (Fitness Finance). Step App is the first app on the protocol, built by the core team. FitFi is described on the website as being at the cross-section of making the physical and the digital. 

It serves as a bridge between fitness and the metaverse by using NFTs and geolocation technology. Augmented reality for better immersion is an added feature of Step’s FitFi metaverse.

Should I buy FITFI today?

FITFI can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

FITFI price prediction

Digital Coin Price predicts FITFI will trade in the range of $0.53-$0.75 at the beginning of 2025 and in the range of $0.59-$0.89 at the beginning of 2027. At the time of writing, it’s trading for $0.311.  

FITFI on social media

The post FITFI soars 150% after premiering on multiple exchanges: here’s where to buy FITFI appeared first on Coin Journal.

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Robinhood cuts its full-time staff by 9%, shares fall sharply

Robinhood CEO Vlad Tenev said in a blog post on Tuesday that the “duplicate roles and job functions” were among the reasons the company decided to release the employees.

Robinhood has announced that 9% of its full-time staff have been let go amid the need to downsize after a rapid expansion over the past couple of years.

The trading app, founded in 2013, says its employee count grew exponentially through 2020 and the first half of 2021. As customer demand increased due to the pandemic lockdowns, fiscal stimulus and low interest rates, the firm’s full-time staff jumped from 700 to 3,800.

Duplicate roles was a factor

Vlad Tenev, the firm’s CEO, said in a blog post on Tuesday that rapid growth had inevitably led to “duplicate roles and job functions, and more layers and complexity than are optimal.”

It’s these factors that the company considered as they made the difficult decision to let go of the employees, he added.

“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency, increase our velocity, and ensure that we are responsive to the changing needs of our customers.”

Robinhood keen on delivering on strategic goals

According to the CEO, the layoffs are a “deliberate step” towards ensuring the company continues to deliver on its strategic goals. It’s also intended to see it further its objectives in democratizing finance.

“We will continue to accelerate our product momentum through 2022 and will introduce key new products across Brokerage, Crypto, and Spending/Saving,” he wrote.

During the last two years, Robinhood has grown its net user accounts from 5 million to 22 million. Revenue also increased from approximately $278 million in 2019 to more than $1.8 billion in 2021. GameStop and Dogecoin have been among the top two most traded assets on the trading app.

The company, which went public last year, reportedly has over $6 billion in cash on its balance. The US-based firm will release its Q1 earnings results on Thursday.

Robinhood shares fell sharply following the announcement, with the company’s stock losing 3.75% by market’s close.

The post Robinhood cuts its full-time staff by 9%, shares fall sharply appeared first on Coin Journal.

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Best cryptocurrencies with a market cap of above $500 million

Market cap is one of the most important metrics to watch when deciding which crypto assets to buy. Typically, investors prefer coins with a lower market cap since there is potential for growth. But sometimes, it may help to choose coins with a mid-range market cap. Here is why:

  • Mid-range cap coins are often tried and tested in the market

  • A market cap of above $500 million may also suggest the project is legit

  • There is still a lot of growth potential with a mid-range market cap too.

Well, if you are hunting for coins with a mid-range market cap, we have a top 3 list below that should interest you:

1 Inch Network (1INCH)

The 1inch Network (1INCH) is an innovative decentralized ecosystem that was built to power the DeFi revolution. The project is designed to aggregate liquidity across a wide range of DEXs. This gives users the chance to trade various crypto assets with very minimal slippage. 

Data Source: Tradingview 

1Inch also offers cross-chain liquidity aggregation, making it one of the most powerful DEX protocols in the world. It is a legitimate project with a proven track record in the market already.

Yearn Finance (YFI)

Yearn Finance (YFI) is a yield farming protocol that also doubles up as a DEX aggregator as well. It is one of the most recognizable projects in DeFi. Ever since its launch, Yearn Finance has attracted massive investments in its ecosystem. We have also seen the launch of brand-new innovative products on the network over the past few months.

Synthetix (SNX)

Synthetix (SNX) is a trading protocol that allows investors to trade several cryptos and non-crypto assets using blockchain technology. The goal of the platform is to offer users a series of highly liquid tradable assets across the entire financial landscape. The project was founded in 2017 and continues to grow steadily even today.

The post Best cryptocurrencies with a market cap of above $500 million appeared first on Coin Journal.

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Dip buying whales push Bitcoin (BTC) above $40,000 once again

After facing strong downward pressure over the last weekend, Bitcoin (BTC) has rebounded. The mega-cap coin has in fact reclaimed $40,000 and is looking to consolidate further in the coming days. Here are the key facts to note:

  • The recent upswing is largely fueled by dip-buying BTC whales

  • $38,000 has proved to be a popular dip price for large wallets.

  • BTC is likely to maintain an upward trajectory and test $45,000.

Data Source: Tradingview 

Bitcoin (BTC) – Price Analysis and prediction

For the best part of 2022, Bitcoin has been trading at a very stable range. After bottoming at around $32,000 in February, BTC has rebounded and is now sitting slightly above $40,000. The downside risk also appears to be capped at $35,000. In fact, for the last two months or so, the coin has not fallen below that price. 

This is probably because of the dip-buying Bitcoin whales who have been scooping up the coin at around $38,000. In fact, every time Bitcoin has dropped below $40,000, we have seen it bounce back almost immediately. 

At the moment, the coin will try and consolidate gains above $40,000. After that, it will retest at $45,000. Whether Bitcoin bulls can create enough momentum to surge past $45,000 remains to be seen. But so far, the coin has struggled to clear its 200-day SMA of around $49,000. We don’t expect this to change and as such, upward potential right now is capped at $49,000.

Should you follow Bitcoin Whales?

It’s always a good idea to follow large wallets when making investments in crypto. Besides, BTC whales appear to be getting it right. 

The $38,000 whale entry price has gone on to deliver superb returns in the last few weeks and as such, it would make sense for any investor to follow whale money when trading this coin.

The post Dip buying whales push Bitcoin (BTC) above $40,000 once again appeared first on Coin Journal.

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Dogecoin (DOGE) surges after hitting lows in recent dip

Dogecoin (DOGE) is surging today. The coin has had a mixed 2022 and had recently bottomed at $0.109. However, it seems the fortunes of this popular meme coin are starting to turn, and we could see some sustained gains in the weeks to come. Here is what you need to know:

  • DOGE coin has now surged past its demand zone of between $0.109 and $0.124.

  • The coin is likely to hit $0.2 before any major correction

  • DOGE has added nearly 30% in value over the last 24 hours alone.

Data Source: Tradingview 

Dogecoin (DOGE) – What is the upward potential?

Dogecoin, like other meme coins in the market, has had a very difficult 2022. The coin had shown some bullish signs at the end of March. But this did not last long; instead, the meme coin bottomed in April. However, things are starting to turn around.

After Elon Musk acquired Twitter, there has been speculation that DOGE could be integrated as part of the payment ecosystem for the social media platform. As a result, the coin has added 30% in value over the last 24 hours.

Despite this, we still think there is more upside left for Dogecoin. In fact, the coin is likely to continue surging towards $0.2 before we see any possibility of a major price correction. This will represent gains of an additional 30% from the current price.

Dogecoin’s future and long-term outlook

It’s unlikely that DOGE will reclaim its previous all-time high of around $0.7. The coin will have to grow by at least 4x to achieve that from the current price. However, if Elon Musk follows through on his desire to make the meme coin part of Twitter’s payment ecosystem, then DOGE will become huge.

Nonetheless, the meme coin still has a positive outlook for the remainder of 2022. Conservative estimates show that the meme coin has the potential to offer 2x growth before the end of the year.

The post Dogecoin (DOGE) surges after hitting lows in recent dip appeared first on Coin Journal.