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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Why has STEPN (GMT) price risen by more than 320% in two weeks?

With the majority of the altcoins seeing significant price gain lately, there is one by the name of  STEPN (GMT) that has broken the ranks by rallying by over 320% in the past fourteen days.

At the time of writing, it was trading at $2.31 after a slight retracement from a daily high of $2.46 but still in the green with a 12.30% rise over the past 24 hours.

This article reflects on the factors behind the current STEPN price rise.

What STEPN?

STEPN is a Web3 lifestyle app launched on the Solana blockchain with fun features as well as a gaming design. It has two tokens; Green Metaverse Tokens (GMT), which is its governance token, and Green Satoshi Token (GST), which is used as the game token.

To earn GST tokens, users are given NFT sneakers with a built-in swap function to jog, walk or run outdoor, users are rewarded for running or walking. GST earnings are then stored in an in-app wallet and can be used to mint new sneakers or to upgrade game level.

Why is STEPN (GMT) price surging?

There are three main factors being attributed to the current surge in GMT price. These include the recent announcement about Nike and Adidas sportswear by a STEPN representative, STEPN’s partnership with Binance, and STEPN’s plan to apply a move-to-earn method.

  • Announcement about Nike and Adidas sportswear

During an interview, one of the STEPN representatives whose identity was not disclosed said that they have an upcoming announcement regarding big sportswear companies like Nike and Adidas.

In a recent interview, an unnamed STEPN (GMT) crypto platform representative says they have an upcoming announcement relating to sportswear giants Adidas and Nike.

“Big sports brands like Nike and Adidas are known for shaping the market regarding walking and running. Do you see these players as a threat in the future? You will see we have an announcement about this very soon.”

  • STEPN partnership with Binance

In a tweet earlier this week, STEPN gave a hint that it was planning an undisclosed partnership with a crypto exchange, Binance.

  • Move-to-earn method

In addition, during a Solar Eco Fund interview, they said that to remain competitive, they will apply the move-to-earn crypto project to maintain a high return on investment (ROI) on GMT tokens.  

“People are chasing high sustainable ROI, we believe we will be on the top of the list by providing long-lasting use cases and burning scenarios of GMT to maintain the high demand of GMT.”

Besides, STEPN is planning to convert the STEPN app to an NFT marketplace and a social platform.

The post Why has STEPN (GMT) price risen by more than 320% in two weeks? appeared first on Coin Journal.

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Highlights March 31: Solana and Avalanche stand out in top 10

The crypto market as a whole was in the green at the time of writing. Crypto companies in the UK were granted an extension by the country’s financial regulator to get their approval affairs straightened out.

Texas will require large-scale crypto asset miners to receive permission before connecting to the state’s electric grid as demand for electricity is expected to rise sharply among them in the coming years.

Top cryptos

Solana and Avalanche stood out among major cryptos, gaining 9% and 7% over the past 24 hours. Solana gained on news of an OpenSea integration.

Cardano, Polkadot, and BNB all gained above 2%. Bitcoin was trading just above $47,000 at the time of writing, down less than 1% over the past 24 hours.

Top movers

IoTeX and IOST, two similar ecosystems, are seeing spectacular gains today. They’re up 18% resp. 46%. 

IOST built a cross-chain bridge to Polkadot and is launching the trial version of its cross-chain bridge with Ethereum in April, giving users on Ethereum access to quicker and cheaper transactions.

Both IoTeX and IOST users will have more options to earn with DeFi and staking.

Zilliqa is another market leader on March 31, up 32% at press time. Since Zilliqa announced the launch of its metaverse platform Metapolis, it has gained 270%.

Theta Fuel, which powers the Theta Network, is also one of today’s biggest gainers, adding 15%. Tron and Enjin Coin each added 11% to their value.

As the month closes, Chiliz, Aave, and Waves are reversing yesterday’s gains. They lost 5%, 6% and 4% respectively.

Trending

Mooney, a token issued by MoonDao with the purpose of sending a member of the organization to space this year, is up 103% in the last 24 hours. 

After announcing a fundraiser to this end, MoonDAO accumulated 2,620 ETH on Juicebox, the equivalent of $8 million.  

The post Highlights March 31: Solana and Avalanche stand out in top 10 appeared first on Coin Journal.

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You can now buy Theta Fuel, powering Theta Network: here’s where

At press time, Theta Fuel’s price was $0.23 with a 24-hour trading volume of $226.3 million. It is one of today’s biggest gainers, adding 16.39% to its value.

This brief guide has everything you need to know about the Theta Fuel network and coin, including whether you should buy it. Here’s where to buy Theta Fuel if you choose.

Top places to buy Theta Fuel now

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 TFUEL with Swapzone today

Wazirx

WazirX is India’s largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of the binance group, serving users in 180 countries.

Buy TFUEL with Wazirx today

What is Theta Fuel?

Theta Fuel (TFUEL) and Theta Token (THETA) are the two native tokens on the Theta blockchain. The latter is the governance token of the blockchain, which many Guardian nodes support.

It is also supported by Theta’s enterprise validators, such as Binance, Google, Samsung, etc. TFUEL is the utility token in decentralized data and video delivery. It also powers all operations on the Theta blockchain.

It’s used to pay fees for NFT and DeFi app transactions, to deploy and interact with smart contracts, and to make payments for sharing video streams.

TFUEL is used to encourage ecosystem members to share their bandwidth resources like Edge Caching nodes for data such as video streams. It also provides an incentive to share redundant computing power, like Edge Compute nodes.  

Should I buy Theta Fuel today?

Theta Fuel can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

Theta Fuel price prediction

Price Prediction forecasts 1 TFUEL will be worth at least $0.32 next year, up to a maximum level of $0.38. The minimum price in 2024 will be $0.48. TFUEL can reach $0.56 that year. It will trade for at least $0.71 in 2025.

Theta Fuel on social media

The post You can now buy Theta Fuel, powering Theta Network: here’s where appeared first on Coin Journal.

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Dotmoovs (MOOV) price is soaring and it’s up 228% today: what is fuelling the uptrend?

Several metaverse cryptocurrencies have been bullish as the crypto market traded sideways this week and one of the coins namely Dotmoovs (MOOV) has rallied by more than 228% today.

At press time $MOOV was trading at $0.02192 up 228.72% having hit a daily high of $0.02528. It has a trading volume of $6,725,055 and a market cap of $7,997,493.

This article explains the factors behind the current surge of Dotmovoovs (MOOV) price.

What Is Dotmoovs (MOOV)?

Before taking a deep dive into the current bullish trend, it’s important we first explain what Dotmoovs (MOOV) coin is.

Dotmoovs (MOOV) is the native cryptocurrency of Dotmoovs, a peer-to-peer sports competition platform with an Artificial Intelligence (AI) algorithm that offers incredible Metaverse competitions and rewards winners using MOOV tokens.

By using AI technology, Dotmoovs provides a play-to-Earn metaverse for users to participate in. At the moment, the platform has two types of sports: Dance with robust AI as the judge and freestyle football with an AI-powered referee to make judgments during competition.

Dotmoovs also has a marketplace where users can purchase and collect NFTs.

Why is Dotmoovs (MOOV) price rising?

The main reason for the current surge of MOOV price is the hype around the upcoming release of the Dance Section.

  • Dance section release

Once the Dance Section is launched, Dotmoovs’ users will be able to hold dance competitions and challenges within the app. It can be compared to TikTok and it will probably make Dotmoovs market valuation shoot to the moon.

According to Dotmoovs’ team, the Dance feature will be launched during International Dance Day on the 29th of April this year.

With the current bullish trend, it is clear that the market is extremely excited about the release of the upcoming launch of the Dotmoons Dance section.

The post Dotmoovs (MOOV) price is soaring and it’s up 228% today: what is fuelling the uptrend? appeared first on Coin Journal.

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Top places to buy IOST, which gained 36% on news of positive developments

IOST was in the final stage of developing a cross-chain bridge to Polkadot in early March. The trial version of its cross-chain bridge with Ethereum will be launched in April. This will give users on Ethereum access to quicker and cheaper transactions.

IOST users will also have more options to earn with DeFi and staking. Look no further than this short article for all the details about IOST: what it is, is it worth investing in, and the best places to buy IOST now.

Top places to buy IOST now

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

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

What is IOST?

IOST is described as a fully decentralized, superfast ecosystem and blockchain network with its own wallets and nodes. It’s based on Proof of Believability, a next gen consensus protocol.

IOST was founded by Jimmy Zhong, Terrence Wang, Kevin Tan, Ray Xiao, Justin Li, and Sa Wang and launched in January 2018. Its open-source blockchain infrastructure is designed to be scalable and secure.

Its ultimate goal is to be the backbone for future online services. The consensus algorithm makes sure network transactions are fast and secure. 

The IOST token is a way to resolve the issue with scalability for big companies, which might not be able to leverage blockchains in a customer-facing setting.

Should I buy IOST 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.

IOST price prediction

Wallet Investor expects an increase in the next 5 years. They predict IOST will be worth $0.137 in March 2027. If you invest $100 in it now, you might have $286 in 2027.

IOST on social media

The post Top places to buy IOST, which gained 36% on news of positive developments appeared first on Coin Journal.