Kategorie: Crypto News

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Nexo co-founder believes Bitcoin could reach $100,000 by mid-2022

  • Antoni Trenchev is bullish Bitcoin will trade higher this year, possibly hitting $100k in the summer.

  • He believes institutional adoption and “cheap money” are key to pushing BTC prices higher.

Antoni Trenchev, the co-founder of the crypto lending platform Nexo, argues that the next six months could see Bitcoin price surge to the psychological target of $100,000.

Bitcoin failed to reach the $100k mark in 2021, fading its bull run in November when it hit the all-time high of $69,000. The miss saw bold predictions for the flagship cryptocurrency to reach the milestone before the end of the year rehashed for a fresh bid in 2022.

Trenchev isn’t alone in calling for a BTC price in the six-figure zone. Last week, El Salvador president Nayib Bukele also made this call, noting in via Twitter that the year will also see two other countries adopt the benchmark cryptocurrency as legal tender.  

But while his prediction has Bitcoin at the landmark target by end of the year, Nexo’s Trenchev says it’s possible the threshold could be breached even earlier. He told CNBC’s “Street Signs Asia” that pioneer cryptocurrency could be trending at $100,000 by mid-year.

Inflation hedge and “cheap money” 

Trenchev is looking at two scenarios that could aid Bitcoin’s upward price trajectory. He sees a spike in institutional investment as a boon for the industry, with inflows into Bitcoin aiding the bullish case. On this, he suggests inflation will see a growing number of investors seeking a hedge asset like Bitcoin. 

He also believes there’s a lot of “cheap money” ready to come into crypto, despite this likely to be upended by Fed interest rate hikes.

Noting that he holds a “contrarian” view, the Nexo boss believes the money will flow into Bitcoin as an inflation hedge. He looks at the scenario where equities and bond markets take a hit as soon as the central bank hikes the interest rates.

Yet, according to him, there hasn’t been “much political will” for an extended correction in the legacy markets, which could play out in support for “cheap money” flowing into Bitcoin.

Nexo launched its crypto lending service in 2018 and says on its website that its available in more than 200 jurisdictions, with over 2.5 million customers.

In the market, Bitcoin currently trades around $46,260 after breaking below $50,000 once again.

The post Nexo co-founder believes Bitcoin could reach $100,000 by mid-2022 appeared first on Coin Journal.

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You can now buy Saitama, which is surging today: here’s where

The live Saitama price today is $7.57e-8 with a 24-hour trading volume of $80.9 million. Saitama is up 48% in the last 24 hours. If you want to know what Saitama is, if it’s worth buying, and the best places to buy Saitama, look no farther than this short guide.    

Top places to buy Saitama now

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

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

What is Saitama?

Saitama is a community-driven token and platform that wants to develop solutions to educate the next generation of investors and make crypto simple and safe for everyone. According to its whitepaper, it focuses on Gen Z investors, 93% of whom feel confused or frustrated when it comes to finance. Saitama’s vision is to provide them with content that teaches how money works while they invest, thereby opening opportunities for wealth creation. To achieve that, Saitama plans to develop its own ecosystem, including a marketplace, a smart wallet, an NFT-based launchpad platform, and a multi-channel content platform.

Saitama is currently in stage 3 of 5 in its roadmap. It further plans to launch a marketing campaign on TikTok and Twitter to raise awareness and reach 100,000 holders. That will likely go hand in hand with launching parts of its ecosystem. In its final stage, Saitama pledges to donate to student bodies and educational charities.

Should I buy Saitama today?

Meme coins like Saitama can be particularly volatile. Dogecoin and Shiba Inu are cases in point. While Saitama shows great promise, it can reverse its rapid gains very easily. Read price predictions and do market research before you decide to invest in it.       

Saitama price prediction

YouTuber Active Investors predict Saitama might explode in the next few years. They suggest that the novel burning mechanism can result in thousandfold price growth in just two years. To make this possible, more tokens need to be burned, so more transactions must take place.  

Saitama on social media

 

The post You can now buy Saitama, which is surging today: here’s where appeared first on Coin Journal.

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You can now buy Bomber Coin, which gained 7% in 24 hours: the best places to buy Bomber Coin

Bomber Coin (BCOIN) is the token of Bombcrypto, a classic play-to-earn game where players can buy bomber heroes and participate in exciting game modes. It shows great promise, having added almost 7% to its value today. This guide has everything you need to know about Bomber Coin, including the top places to buy it today.   

Top places to buy Bomber Coin now

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

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

4. You can now swap your BNB for BCOIN

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

What is Bomber Coin?

The token of the game has 3 modes. Treasure Hunt – Autoplay mode allows bomber heroes to plant their bombs in search of Bcoin tokens and NFT items. Story Mode – Adventure players fight monsters, destroy bosses and get valuable items. PVP players participate in matches with other players, trying to win and get NFT rewards. Buy House Players can buy houses to help bomber heroes recover mana faster.

The game has a hero upgrade mechanism by using a hero of the same level as the hero to be upgraded as a material, the hero as a material will be lost after the upgrade is successful. This will help avoid hero inflation in the game, thereby increasing the value of heroes in the future.

Should I buy Bomber Coin today?

Play to earn game tokens are only as popular as the respective game. If interest in the game wanes, the coin will start losing value. Competition is cutthroat in this niche, to put it mildly, so be careful if you want to invest in Bomber Coin.    

Bomber Coin price prediction

Coin Data Flow predicts growth for Bomber Coin. Their forecasts are based on Bomber Coin’s share of Bitcoin’s previous average growth per year. If it has 1% of this growth, its price will be $1.97         in 2023, $2.02 in 2024, and $2.07     in 2025. If it has 2%, the price will be $2.02, $2.13, and $2.24 in 2023, 2024, and 2025 respectively. If Bomber Coin has 5% of Bitcoin’s previous average growth per year, these numbers are projected at $2.17, $2.45, and $2.77.

Bomber Coin on social media

The post You can now buy Bomber Coin, which gained 7% in 24 hours: the best places to buy Bomber Coin appeared first on Coin Journal.

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These are the best cryptocurrencies for staking

Staking offers crypto investors a chance to make decent passive income while taking considerably less risk compared to trading crypto directly. In essence, staking involves placing crypto assets in locked digital wallets for the purpose of validating transactions in Proof-of-Stake blockchains. It’s the inverse of crypto mining, and here is why you should look at it seriously.

  • You don’t need to invest in expensive computer equipment to do staking. Just a few crypto assets are needed.

  • Staking offers interest on all assets staked that can go as high as 20% per year in several blockchains.

  • Also, once the assets are staked, you simply earn some passive income on the side.

Well, if you are thinking of adding crypto staking as part of your overall investment strategy, then there are some coins you must consider. Here they are:

BitDao (BIT)

BitDao (BIT) is one of the leading decentralised autonomous organisations (DAOs) in the world. The platform is designed to attract talented developers to create and deploy innovative DAOs across various chains. BIT is the native governance token on the platform that can also be staked for excellent returns. 

Data Source: Tradingview.com 

In fact, staking BIT delivers an annual average return of around 14.77%. Besides, the token is a very promising coin backed by superb underlying fundamentals. At the time of writing. BIT was trading for $2.17 with a market cap of around $1.2 billion.

Terra (LUNA)

Terra (LUNA) is a stablecoins network designed to deliver what it calls a price-stable global payment system. Terra is one of the biggest blockchain projects right now. 

Its native governance token LUNA, which is also used for staking, has a market cap of $33 billion. This ranks it among the top 10 crypto assets by market cap. Also, staking LUNA will deliver average annual returns of around 12.5% for investors.

The post These are the best cryptocurrencies for staking appeared first on Coin Journal.

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The best crypto tokens based on the Elrond Network

Elrond (EGLD) is a highly scalable and powerful blockchain designed for distributed apps. The chain is hoping to become the driver of the new internet economy and is billed as a developer-friendly platform with secure and efficient transactions. Here are some reasons why Elrond is growing:

  • Elrond offers an alternative to major blockchains like Ethereum, which have been associated with higher fees.

  • The chain is also a scalable ecosystem that allows for the launch of innovative DApps and De-Fi products.

  • The network is poised to offer superb speeds, completing up to 15,000 transactions per second.

Several projects have been built on Elrond over the past few years, and they are as promising as they sound. Here are two main ones to watch out for:

The Orion Protocol (ORN)

The Orion Protocol (ORN) is a liquidity aggregator designed to work across multiple exchanges. In essence, the platform aggregates all available liquidity across exchanges and puts it in one single decentralised platform. The Orion Protocol basically addresses the liquidity challenges that are typically associated with Decentralised exchanges or DEXs. 

Data Source: Tradingview.com 

It was founded in 2018 and runs on the Elrond Mainnet. The value of ORN, its native governance token, is expected to rise as DEXs become more widespread in the near term. At the time of writing, ORN was selling for $6.09 with a market cap of $250 million.

Maiar (MEX)

Maiar (MEX) is an upcoming decentralised exchange designed to be the main exchange platform on Elrond. Mair is expected to also be a comprehensive all-in-one De-Fi ecosystem that, according to the developers, will “radically change” how we interact with money. 

The platform’s native token is going to be the MEX. Maiar is yet to launch, making it a good choice for investors who want to get in as early as possible.

The post The best crypto tokens based on the Elrond Network appeared first on Coin Journal.