Kategorie: Crypto News

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Best places to buy ApeCoin, which is soaring on whale purchases

ApeCoin broke out of the resistance pattern line as whales bought it up, adding around 32% to its value today. It also announced a free NFT giveaway. The crypto was trading for $16.47 at the time of writing.

If you want to know what ApeCoin is, can it give you good returns, and the top places to buy ApeCoin, you’ve come to the right place. 

Top places to buy ApeCoin now

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

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

What is ApeCoin?

ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries.

62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.

ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.

Should I buy ApeCoin today?

ApeCoin 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. 

ApeCoin price prediction

Changelly predicts a moderately bullish and variable price trajectory. In 2023, they expect the ApeCoin price to stay at an average of $55. In 2024, it will drop down to $45. Its average will be $60 the following year. 

ApeCoin on social media

The post Best places to buy ApeCoin, which is soaring on whale purchases appeared first on Coin Journal.

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Here is why SAND is up by more than 10% today

SAND is one of the best performers amongst the top 50 cryptocurrencies by market cap.

The crypto market continues its fine start to the week, with the major coins and tokens currently in the green.

The total cryptocurrency market cap stands above $1.9 trillion at press time, up by nearly 2% in the last 24 hours.

If the momentum is maintained, the total cryptocurrency market cap could soon cross the $2 trillion mark. Bitcoin remains the leading coin by market cap and currently trades above $41k per coin.

SAND, the native token of The Sandbox ecosystem, is one of the best performers amongst the top 50 cryptocurrencies by market cap. The token added more than 10% to its value in the last 24 hours, outperforming the other major cryptocurrencies.

The Sandbox announced two major partnerships a few hours ago, and they are the primary catalysts behind SAND’s ongoing rally. 

The Sandbox announced that it has partnered with Apex Athletes to bring Shaun White, Nathan Chen, Chloe Kim, Lindsey Vonn and Ayumu Hirano to The Sandbox Metaverse.

The team also announced that it had partnered with Knotfest and Slipknot to create the Knotverse.

Key levels to watch

The SAND/USD 4-hour chart is currently bullish as SAND recovers from its recent slump. The technical indicators show that SAND is no longer in a bearish trend.

The MACD line is above the neutral zone, indicating positive momentum for The Sandbox. The 14-day relative strength index of 63 shows that SAND could soon enter the overbought region if the bullish momentum continues.

At press time, SAND is trading at $2.989 per coin. If the rally continues, SAND could break past the first major resistance level at $3.116 before the end of the day. In the event of extended bullish performance, SAND could trade above $3.50 for the second time this month. 

The post Here is why SAND is up by more than 10% today appeared first on Coin Journal.

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Is Ether heading for $3,500 after surpassing the $3,100 resistance point?

Ethereum (ETH) coin with 2 stacks of coins either side of it

The cryptocurrency market continues its fine start to the week, with the major cryptocurrencies currently in the green.

The broader crypto market continues its excellent start to the week, adding nearly 2% to its total market cap. At press time, the total cryptocurrency market cap stands above $1.9 trillion.

It could soon cross the $2 trillion mark if the current market momentum is maintained. Bitcoin remains the leading cryptocurrency by market cap and currently trades above $41k per coin.

Ether, the second-largest cryptocurrency by market cap, has also performed well in the last 24 hours. ETH is currently trading above $3,100 per coin, up by more than 2% so far today.

In the last seven days, ETH has added nearly 3% to its value, making it one of the poor performers amongst the top 10 cryptocurrencies by market cap.

However, with the bullish trend currently in play, Ether could record further gains over the coming hours and days. The cryptocurrency could target the $3,500 resistance level in the short term.

Key levels to watch

The ETH/USD 4-hour chart is currently neutral as Ether’s ongoing positive performance cancels the losses recorded a few days ago. The technical indicators show that Ether’s price action is currently improving.

The MACD line is around the neutral zone, indicating that Ether is no longer in the bearish region. The 14-day RSI of 58 shows that ETH could enter the overbought territory if the existing market momentum persists.

At press time, ETH is trading at $3,100 per coin. If the bulls remain in control, it could surpass the first major resistance level at $3,227 before the end of the day. However, the second major resistance level at $3,350 should cap further upward movement in the short term. 

The post Is Ether heading for $3,500 after surpassing the $3,100 resistance point? appeared first on Coin Journal.

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Solana-based protocol Delta One raises $9.1 million to build its yield product

Delta One, a Solana-based decentralised finance (DeFi) protocol for yield generation, has raised $9.1 million in a seed round as it looks to expand its ecosystem.

The round was led by Alameda Research and Ship Capital, the protocol said in a press announcement. Delta One also attracted investment from Solana Ventures, Raj Gokal (the co-founder of Solana), investment firm Electric Capital and early stage venture fund AlleyCorp.

Others to participate were Alfred Chuang and Chris McCann, the co-founders of Race Capital.

Delta One eyes ecosystem growth

According to Delta One, the funding round is set to help its team handle the protocol’s core development. The platform also eyes further ecosystem growth, with the main focus being the integration of projects targeting Delta One’s product offering.

The team will also seek to build out its user-friendly structured products. It seeks to have its automated yield farming strategy “delta neutral” available to over 100,000 participants on a waitlist going back to October 2021.

The delta-neutral yield generation strategy allows for high risk-adjusted yield, with virtually no active management from the user’s side. The strategy saves users the would-be hours needed to “crunch numbers and track positions.”

“Delta-neutral farming is a technique that many hedge funds love to use, but it can require spending hours each day crunching numbers and tracking positions when done manually by retail investors,” said DJ Sengh, co-founder of Delta One.

It’s a protocol offering that Delta One hopes can be the foundation of further expansion in the DeFi ecosystem.

“We believe democratizing these strategies through structured products will be a pivotal part of onboarding the first billion users into DeFi,” Sengh added.

As part of its expansion, Delta One is looking to team up with other projects on ventures around lending markets and reserve currencies. The platform is also eyeing partnerships with teams that can help it build sustainable liquidity.

Started in 2021 as part of the Solana Ignition Hackathon, Delta One’s growth over the past half year has been immense. It’s now among the most highly anticipated projects in the Solana ecosystem.

The post Solana-based protocol Delta One raises $9.1 million to build its yield product appeared first on Coin Journal.

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Solana reclaims $100 but downside risk still remains

After dipping below the $100 mark over the last few days, Solana (SOL) has managed to rebound. The coin has surged past this important psychological mark, and it is likely that the momentum we have seen will continue in the days ahead. Here are the main takeaways:

  • Solana (SOL) is looking to establish a decisive bullish breakout.

  • The coin is expected to test its 100-day SMA

  • It has established a bullish trend line in recent days that could bring more returns.

Data Source: Tradingview 

How long can SOL stay above $100

The $100 mark has often been the most important psychological mark for SOL bulls. In fact, it was a huge relief to see the coin surge past it. But how long can SOL stay above this? Well, it will depend on several important factors. First, the recent surge has allowed the altcoin to move past the crucial resistance zone of $105. 

The goal for bulls will now be to convert this resistance to support. If SOL can close the day above $105, then it is likely that we will see a sustained period above $100. At the moment, SOL is slightly above this price, having gained around 7% over the last 24 hours. 

Despite this, downside risks still remain. If SOL falls below $105 and fails to find any leg up, we could see more weakness follow in. Ultimately, the coin will bottom at the next support of $95 before attempting to rise again.

Why is SOL a good buy now?

Well, even with the short-term downside risk that SOL faces, it still remains a fairly decent altcoin to buy. Any long-term crypto investor should consider Solana seriously. But for the short term, if you don’t want to take any risk, wait a few days to see how the altcoin holds up above $105.

The post Solana reclaims $100 but downside risk still remains appeared first on Coin Journal.