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Will AAVE’s price double next year and where to buy AAVE – all the answers here

The live Aave price today is $286 with a 24-hour trading volume of $522.68 million. Aave is up 10.72% in the last 24 hours. If you want to know whether you should buy Aave or where to buy Aave now, just read on to find out.

Top places to buy AAVE now

eToro

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What is AAVE?

Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018.

AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

Should I buy AAVE today?

Given the volatility that Aave has seen lately, predicting where the price will end up in the future might be difficult. Read price predictions and do market research to get a better idea. The next section will help.     

AAVE price prediction

Price Prediction forecasts Aave will trade for at least $421 in 2022. It can go up to a maximum of $484 with the average price of $435 throughout the year. In 2023, the price of Aave will be at a minimum of $646. It can go up to $742 with the average price of $663. The following year, it will trade for at least $931.

AAVE on social media

The post Will AAVE’s price double next year and where to buy AAVE – all the answers here appeared first on Coin Journal.

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Iranian authorities ask miners to halt mining activities again – Here’s why

The Iranian government is worried some regions in the country may suffer blackouts when energy needs become high during the winter months

Iranian authorities have once again instructed authorised cryptocurrency mining companies to break off mining operations in the country, according to a report by the Islamic Republic of Iran Broadcasting. Energy needs shoot up significantly during the cold months, and the government contends that cutting down on energy consumption is the best approach to avoid deficits.

Iran’s Power Generation, Distribution, and Transmission firm Tavanir fears that, if not halted, the mining operations will lead to blackouts during the winter season. The company has also implemented other measures outside crypto mining.

“The Energy Ministry has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting licensed crypto farms’ power supply, turning off lampposts in less risky areas and stringent supervision of consumption,” Mostafa Rajabi Mashhadi, Tavanir’s managing director and chairman of the board said.

The measures are akin to those taken during summer

This is not the first time local energy authorities have resorted to this measure. In May, Tehran officials ordered mining farms in the region to suspend their operations amidst similar concerns –insufficient supply and high demand for electricity. The licensed were allowed to recommence their activities in September when authorities felt that the power grid was stable because of decreased energy consumption.

The Grid Management Company hopes that it will save energy for the coming months characterised by low temperatures. Mashhadi reiterated that it was crucial to curtail energy consumption and appealed to locals to cut on their gas and electric use. The measures will potentially benefit the country as estimates show they will lower energy consumption by over 40%.

Illegal crypto miners are a menace

Iran contributes 4.5% to 7% of the world’s Bitcoin hash rate, making it one of the biggest crypto mining nations. The previous suspension of mining between May and September was met with negative feedback by the crypto mining community. The apple of discord was that authorised miners use up about 300 MW – 10x less the figure (3,000 MW) consumed by illegal miners

The war waged on illegal crypto miners by the Iranian government is far from over as local authorities are still hunting and shutting down these illegal operations. At the end of last month, the authorities confirmed that they had confiscated more than 220,000 mining equipment. Nearly 6,000 illegal crypto farms in the country were also closed down, with their operators subsequently being charged.

The post Iranian authorities ask miners to halt mining activities again – Here’s why appeared first on Coin Journal.

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Where to buy Uniswap, which gained almost 14% today after whales bought the dip

As more and more large-scale investors bought the dip, coins like CRO and Uniswap began rising again. The live Uniswap price today is just under $20. Uniswap is up 13.68% in the last 24 hours. This quick guide explains what Uniswap is, if you should buy it, and the best places to do that if you choose.  

Top places to buy Uniswap now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

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CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

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What is Uniswap?

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.

Should I buy Uniswap today?

Uniswap is very volatile like most cryptos. It sustained a long bear run recently and is beginning to regain value only now. Exercise great caution when making any decision that affects your finances. 

Uniswap price prediction

CoinQuora’s bearish market price prediction for 2021 for Uniswap was $14. In light of the current bullish trend, they believe it will reach $70 by the end of next year, even $75 in the first six months of 2022. Then the rise will taper off, but without major falls. In 2023, the price of Uniswap can go up to as much as $85.

Uniswap on social media

The post Where to buy Uniswap, which gained almost 14% today after whales bought the dip appeared first on Coin Journal.

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Where to buy Polkadot, the foundation protocol of Web 3.0

Polkadot is the tenth-largest cryptocurrency by market cap. It’s changing hands for $31.47 today with a 24-hour trading volume of $1.75 billion. Polkadot is one of the biggest top 10 winners with value growth of 7.33% in the last 24 hours. If you’re interested in unique features and want to know more about Polkadot, we wrote this guide just for you.

Top places to buy Polkadot now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

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Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

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What is Polkadot?

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

Should I buy Polkadot today?

Never make any investment decisions lightly. Read analyses and price predictions and take all recommendations with a grain of salt.  

Polkadot price prediction

The DOT coin price prediction from Wallet Investor was bearish for the short-term, predicting that the price could average $25.73 by the start of 2022. Apparently, they were mistaken. Looking further ahead, they predicted it would climb to $51.4 by the end of 2022 and $129 by the end of 2025.

DigitalCoin’s Polkadot prediction estimated that the coin price could average $41.7 in 2022 and rise to $43.6 in 2023 and $52 in 2025. By 2028, DigitalCoin predicted DOT could trade at an average price of $114 with a peak at $119, Capital wrote.  

Polkadot on social media

The post Where to buy Polkadot, the foundation protocol of Web 3.0 appeared first on Coin Journal.

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Tezos (XTZ) reverses downtrend to establish bullish momentum – is it time to buy?

Tezos (XTZ) has seen a short-term decline over the last few months. The coin had in fact plummeted nearly 60% and was trading just around its bottom support of $3.85. But it seems Tezos (XTZ) has broken the downtrend, and after consolidating, the coin has surged over the last few days. But can it hold this momentum, and for how long? First, here are some important highlights:

  • After plummeting nearly 60%, Tezos (XTZ) has been surging in recent days. The coin was trading at $4.90 at the time of writing.

  • The daily Relative Strength Index or RSI also shows the coin on the neutral zone, suggesting buyer activity could start to pick up.

  • Tezos (XTZ) has managed to surge beyond its previous overhead resistance of $4.54, an indication a bullish uptrend is on.

Data source: Tradingview.com 

Tezos (XTZ) – price action and analysis

Like many altcoins in the wider crypto market, Tezos (XTZ) has seen incredible declines in December. Just recently, the coin had tanked, trading around its lower support of $3.85. This was nearly 60% in lost value. It was the ideal dip to buy, and we started to see some consolidation around that price. 

But right now, Tezos (XTZ) has broken the downtrend and reversed towards a bullish momentum. The coin breezed past its $4.54 overhead resistance, and some analysts see it hitting $5.8 in the near term. However, despite these gains, the coin is still lower than its 50-, 100-, and 200-day exponential moving averages.

Should you buy Tezos (XTZ)

Tezos (XTZ) is a great asset to buy for people looking to invest in alternative blockchain networks. The fundamentals of the coin are positive. However, it may take a bit longer for Tezos (XTZ) to deliver its full value. If you decide to invest in it, expect wild short-term volatility, but eventually, long-term gains will be realised.

The post Tezos (XTZ) reverses downtrend to establish bullish momentum – is it time to buy? appeared first on Coin Journal.