Kategorie: Crypto News

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Nayib Bukele slams the US for being ‘afraid’ of El Salvador’s Bitcoin Law

El Salvador president Nayib Bukele on Wednesday expressed disappointment at the US government for what he termed as fear of the country’s work around its Bitcoin Law.

Bukele’s comments came after news that the US Senate was set to vote on a bill touching on El Salvador’s Bitcoin adoption.

The bill dubbed “Accountability for Cryptocurrency in El Salvador (ACES) Act,“ passed the committee stage and would go to a vote before the US Senate.

‘ACES’ was introduced in February and is being fronted as a buffer against any would-be risks associated with El Salvador’s adoption of BTC as legal tender.

“Never in my wildest dreams would I have thought that the US Government would be afraid of what we are doing here,” Bukele said in a comment.

Per the legislation,  US lawmakers are ‘worried’ El Salvador’s Bitcoin Law could pose risks to the US financial system. Promoters of the bill are reportedly pushing it as part of a regulatory framework to help mitigate the potential risks, including criminal organisations and even the empowerment of China.

If voted into law, the State and Treasury Departments will be expected to look into ways to prevent such from happening.

The US Senate’s vote is yet another mark on the increasingly expanding circle of those to express concern or look to oppose El Salvador’s adoption of Bitcoin as a legal tender. The IMF and World Bank have previously spoken about it, with the IMF earlier this year asking El Salvador to “drop” its Bitcoin Law.

But despite all these, the country continues to march forward with the ‘experiment’, including the launch of a $1 billion Bitcoin bond.

The post Nayib Bukele slams the US for being ‘afraid’ of El Salvador’s Bitcoin Law appeared first on Coin Journal.

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Is Cosmos (ATOM) worth HODLING?

Cosmos Atom logo on a mobile phone screen

  • Cryptocurrencies are pumping, but ATOM is lagging.

  • ATOM’s fundamentals remain strong, and its staking rewards are above average. 

  • ATOM is trading in a symmetrical triangle, signaling a potential breakout. 

The crypto market has been pumping for the past week and is now close to testing the $2 trillion market cap. In an environment where some altcoins are up by over 50%, Cosmos ATOM/USD hasn’t moved one bit. It has lost a little bit of its value in the last 7-days. At this point, it is only natural to wonder, is ATOM worth HODLING. 

Cosmos happens to be one of the most misunderstood cryptocurrencies today. This has a lot to do with its tokenomics. Unlike Bitcoin, Cosmos is an inflationary cryptocurrency. This gives a lot of investors jitters about investing in it.

However, one thing that is often forgotten is that the real deal when holding Cosmos is staking. Cosmos happens to have some of the highest staking rewards of the major cryptocurrencies. For instance, at the moment, some exchanges are offering an APY of up to 30% for anyone staking ATOM for 120-days. This can easily offset losses from price fluctuations in between. At a time like this, when the crypto market is not fully in the clear yet, a cryptocurrency with such a high APY like ATOM is an advantage for investors. 

Besides, Cosmos happens to be one of the fundamentally strongest cryptocurrencies. Thanks to its IBC technology that is making it easy for different blockchains to communicate with each other, its ecosystem has grown exponentially, making it one of the fastest-growing crypto ecosystems in the market. 

ATOM trading in a symmetrical triangle trading pattern

Source: TradingView

ATOM is currently trading in a symmetrical triangle pattern. While this means it can break out in any direction, there is a high chance it could break out to the upside now that the broader market is turning bullish again. In such a scenario, ATOM could easily test prices above $40 in the short term.

Summary 

ATOM is trading sideways while the broader market is gaining upside momentum. However, with high staking rewards, and one of the best technologies in crypto, ATOM is a pretty good buy at current prices.

The post Is Cosmos (ATOM) worth HODLING? appeared first on Coin Journal.

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Oasis (ROSE) making higher lows as buying volumes rise

  • Oasis Network has an ongoing Hackathon that has drawn a lot of investor and developer interest into the project. 

  • Oasis aims to become a leader in the private smart contracts space, the next growth phase in DeFi. 

  • Oasis is making higher lows, indicating that bulls are firmly in control. 

Oasis Network ROSE/USD is currently one of the top-performing cryptocurrencies in the past week. While it has eased up today due to a correction in the broader market, it is still one of those cryptos whose chart points to a potential continuation of the bull trend that had started earlier in the week.

Oasis Network’s current price action has a lot to do with the Oasis Bloom Hackathon that kicked off on March 10th. The Hackathon will run until May 2nd and comes with a reward of $200k. This has drawn a lot of interest in Oasis and is likely to keep driving interest in this project over the next couple of weeks.

Besides this short-term price action, Oasis has the fundamentals that could see it rally once the markets turn bullish again. That’s because it is operating in an aspect of the crypto market that has all the hallmarks of potential growth going into the future.

Oasis is looking to become a market leader in the private smart contracts markets. With DeFi disrupting traditional finance, it is only logical that privacy will be essential in the next wave of growth. It will give industry players the confidence to move even higher amounts of money, especially when it comes to lending and the issuance of under-collateralized loans.

Oasis making higher lows

Source: TradingView

Oasis has been on an uptrend since March 21st. It is currently making higher lows, indicating that bulls are firmly in control. With buying volumes on the rise in the broader market, Oasis could easily test $0.50 

Summary 

Oasis Network is on an uptrend and is currently making higher lows. Oasis has been outperforming the market driven by the ongoing Hackathon with a $200k reward.

The post Oasis (ROSE) making higher lows as buying volumes rise appeared first on Coin Journal.

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Best BEP 20 tokens that can make you millions

The Binance Smart Chain is one of the biggest blockchain ecosystems in the world. It has provided a much-needed infrastructure that has led to the launch of several BEP 20 standard tokens. But why is the BSC becoming such a favorite for developers? Here are some reasons:

  • The Binance smart chain offers lower gas fees.

  • Projects can launch fast through the Binance Launchpad

  • There are several financial and non-financial incentives to launch on BSC.

So, in case you want to buy promising BEP 20 coins, there is a list below that will give you some incredible ideas:

PancakeSwap (CAKE)

PancakeSwap (CAKE) is one of the most popular automated market maker protocols that offers an array of DeFi products. The project is looking to address some of the key challenges associated with peer-to-peer decentralised exchange.

Data Source: Tradingview 

Its token is based on the BEP 20 standard and continues to attract a lot of investment as well. PancakeSwap has the potential of becoming the biggest DEXs in the world that uses the AMM protocol to enhance liquidity. It is an asset worth having for any crypto investor.

Alpha Finance Lab (ALPHA)

Alpha Finance Lab (ALPHA) is a cross-chain project in DeFi. It offers cross-chain interoperability between BSC and Ethereum. This means that users can trade between all ERC 20 and BE20 tokens using the platform. ALPHA is looking to make it easier for cross-chain asset transfers and is currently seen as a very promising DeFi project.

Bux Token (BUX)

BUX is the natïve and governance token for the BUX exchange. Based in the Netherlands, BUX is planning to become one of the main exchanges in Europe. So far, the coin has a market cap of around $22 million. If everything works out, it has the potential of growing 10x or even 20x in no time. BUX is built on the BSC platform as well.

The post Best BEP 20 tokens that can make you millions appeared first on Coin Journal.

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The best coins to buy with a market cap of $1billion an above

Traditionally, most people looking at the merits of a given crypto coin will focus a lot on the market cap. After all, low cap coins tend to have a lot of potentials. But there is also nothing wrong with going for coins that have market caps of $1 billion and above. Here is why:

  • Coins with $1biollion in market cap are proven and tested in the market.

  • You are likely to experience low volatility with large-cap coins.

  • Trade volume with large-cap coins is higher, so it’s easy to trade.

Well, if you have been wondering which coins are perfect above the $1 billion valuations, we have created a nice list that you can follow:

Flow (FLOW)

Flow (FLOW) is the native token for the Flow Network. The network hopes to use the power of decentralized technology to create a borderless digital infrastructure that will support the growth of innovative apps. 

Data Source: Tradingview 

The market cap for the FLOW token is just above $2 billion. The coin has also been trading for some time now, so there is enough investor activity to enhance its legitimacy. If you are looking for a long-term bet to put your money into, FLOW should be ideal.

Dash (DASH)

Dash (DASH) is an open-source, decentralized network that is looking to create fast and reliable digital payment systems. The goal for Dash is to provide the technology needed to integrate crypto into global payment systems. Its native token DASH has a market cap of slightly above $1,1 billion, and it could get bigger in the future.

Arweave (AR)

Arweave (AR) is designed to bring secure and decentralized storage support to the world. The project is seen as a very crucial part of the upcoming Web 3.0 revolution and so far, its $1 billion market cap makes it a stable and tested coin for any investor.

The post The best coins to buy with a market cap of $1billion an above appeared first on Coin Journal.