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Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip?

Immutable X describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days. Is it time to buy the dip? This short guide gives the answer; you’ll learn more about IMX and the best places to buy IMX now.   

Top places to buy IMX now

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

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

What is IMX?

According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience.

Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

To achieve that, Immutable X is built with STARK zk-rollups, thanks to which users can create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale.

According to Gods Unchained director Chris Clay, Immutable X allows the game to implement a new meta-system that was previously impossible. In this fashion, Immutable X aims to create a world-class experience for users and developers alike.

Should I buy IMX today?

IMX can be a very lucrative investment. However, do explore the market and read at least several price predictions before committing to one. The downturn might continue.  

IMX price prediction

Tech News Leader is very bullish on IMX. They predict it can go up to as much as $7.04 in 1 year, more than twice its current value. IMX will be worth $19.78 in 5 years and $126.83 in 10 years.  

IMX on social media

The post Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip? appeared first on Coin Journal.

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Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP

The live Quantstamp price today is $0.098 with a 24-hour trading volume of $58.8 million. Quantstamp is up 34.36% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy QSP, this guide is for you.

Top places to buy QSP now

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

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

What is QSP?

Quantstamp is a leader in blockchain security providing expert security audits and blockchain solutions.

Top crypto and enterprise companies including Ethereum 2.0 (Prysmatic Labs Client), Binance, MakerDAO, Chainlink, eToro, and World Economic Forum choose Quantstamp to secure their blockchain applications.

QSP is an ERC-20 token used for verifying smart contracts on the decentralized QSP Security Protocol. Users can buy automated scans of smart contracts with QSP, and validators can earn QSP for helping provide decentralized security scans on the network.

Should I buy QSP today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

QSP price prediction

Wallet Investor predicts a long-term increase in the price of QSP. In January 2027, they forecast 1 QSP will trade for $0.15, almost twice its current value. A 5-year investment will only generate revenue of around +56% though. If you invest $100 in QSP now, you’ll have $156 in 5 years.

QSP on social media

The post Quantstamp’s QSP is skyrocketing today, up 34%: here’s where to buy QSP appeared first on Coin Journal.

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The best choice of stablecoin: Tether (USDT) vs USD (coins)

 The volatility of most cryptocurrencies brought about the deployment of stablecoins. These assets are pegged to external assets, mostly fiat currencies. Of all the stablecoins, tether and USD coin rank higher and are both tied to the USD. Similarly, they are listed on virtually every exchange, dApp, and wallet.

 USDT was the first to be created and was issued in 2014 by Tether Limited to integrate fiat into the crypto space. It has the highest market cap and is the most traded in the market. It is used to conduct trading activities and to settle transactions on the various blockchains it is compatible with. Also, other cryptocurrencies can be converted to USDT to evade volatility while earning rewards for holding it.

 USDC is the stablecoin created by Circle Internet Financial and Coinbase and was launched in 2018. Transparency and stability are managed by Centre Consortium. It was deployed using the Ethereum blockchain and as such, it can be used by various dApps. This has made it popular in the DeFi ecosystem where holders can enjoy lending and high yield savings among others.

 Both stablecoins have a central authority and maintain a slightly fluctuating price. As of today, both coins have maxed out their total supply. In May 2019, USDC peaked at $1.17 but costs $0.99 right now. USDT is exactly $1 now but reached an ATH of $1.32 in July 2018.

 As stated earlier, USDT is the most traded with a market cap of $78.2 billion while USDC follows it closely with a $31 billion difference. Although they are both available on Ethereum, Algorand, and Solana, USDT has compatibility with Tron, EOS, OMG, SLP, and Bitcoin blockchains. USDC is inspected by Grant Thornton monthly and USDT is audited by Freeh Sporkin and Sullivan LLP.

 In choosing the better USD variant, the exchange would play a part. However, of the two, USDC is the better investment as it is stable, regulated, and regularly audited. Bear in mind that crypto investment is very risky no matter how stable it seems. Do your research and deal wisely.

The post The best choice of stablecoin: Tether (USDT) vs USD (coins) appeared first on Coin Journal.