Schlagwort: blockchain markets

Audius signed a naming rights deal with the iconic Red Rocks Amphitheater in Denver to rename it to the AUDIO Amphitheater. At press time, the Audius price was $1.38 with a 24-hour trading volume of just over $300 million.

The native coin of the decentralized music streaming protocol has gained 15% so far today. This brief guide has everything you need to know about the Audius network and coin, including whether and where you should buy Audius.

Top places to buy Audius now

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

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

What is Audius?

Audius was previously built on POA network, but is now on Solana. Created to solve problems with the inefficiencies of the music industry, it aims to align the interests of fans, artists, node operators, and other stakeholders through its AUDIO token-powered platform.

Audius is working on resolving issues with non-transparent music rights ownership and middlemen standing between artists and their fans. On the blockchain, artists can upload music, distributed and stored by discovery and content nodes.

Fans can listen to their music for free. At present, the ecosystem rewards content creators by featuring them in trending lists among other ways.

In the future, the streaming protocol will integrate stablecoins so musicians can offer paid content. Special tokens will give audiences access to exclusive content.

Should I buy Audius today?

Audius can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment.  

Audius price prediction

Price Prediction forecasts Audius can go up to $1.83 in 2023 with the average price of $1.55 throughout the year. In 2024, they expect it to reach the minimum of $2.24. The highest price for that year is $2.63 according to the analyst.

Audius will break $3 in 2025, trading for at least $3.31.   

Audius on social media

$audio #Audius is gonna pop ?! pic.twitter.com/QeAg0wTG1R

— Jedd Richter (@Jedd85177815) April 3, 2022

The post Audius is rallying on naming rights deal: best places to buy Audius appeared first on Coin Journal.

DNT is the native coin of District0x, which was created to tackle some of the inefficiencies that come with operating and creating distributed community marketplaces. It incurred positive sentiment after witnessing volume and price breakout on technical charts.

If you are attracted to unique features and want to learn how and where to buy DNT, this guide is for you.

Top places to buy DNT now

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

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

What is DNT?

DNT is based on the ERC-20 standard, used to create and issue smart contracts on the Ethereum Mainnet. The District0x platform is a network of decentralised communities and markets, on which you can launch a decentralised platform governed by a DAO.

Each decentralized platform is called a “district” and is built on a standard open source framework consisting of front-end libraries, also known as d0xINFRA, as well as Ethereum smart contracts.

Should I buy DNT 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.  

DNT price prediction

Wallet Investor finds it a good long-term investment and expects a long-term increase. In April 2027, it will trade for $0.44, up from around $0.19 at the moment. 

A 5-year investment might generate revenue of around +131%. If you invest $100 in it now, it might reach $231 in 5 years.

DNT on social media

#district0x $DNT just doubled pic.twitter.com/QQG1JSSabg

— Crypto₿uzz.eth ᵍᵐ (@cryptobuzznews) April 4, 2022

The post DNT is skyrocketing, up 117%: here’s where to buy DNT appeared first on Coin Journal.

Although this has been great for the majority of cryptocurrencies, it has not been the case for some coins like Ripple (XRP). It started the day with a 2% drop before assuming the current surge of about 1.96% at the time of writing.

Ripple has had a roller coaster and no wonder the general price change for the month and week seem to be that low while other currencies and making double, triple, and even quadruple price changes.

In this article, we will focus on some of the issues affecting Ripple price.

Why did the XRP price fall?

Although Ripple has been seeing some price gains lately, the gains have in most cases been erased as quickly as they are made. Today, XRP started the day on a drop before turning green with a rise of about 1% by the time of writing.

But what are the factors affecting the price of Ripple’s token, XRP? Why is the price not rising even at a time when investors feel it’s an altcoins’ season? This article tries to explain what could be causing the drop in the XRP price and it has focused on the most recent development, which is the recent withdrawal of 1 billion XRP coins.

Withdrawal of 1 billion XRP funds

Today, Ripple DLT service provider withdrew a staggering 1 billion XRP coins from escrow on the first day of a new month in order to add some of it to the circulating supply.

It is important to note that Ripple has had a routine of withdrawing a lump sum of XRPs from its Escrow account on the first day of each month to inject more coins into circulation.  However, while the move has always had a positive impact on the price of XRP, this month has been different with the process having a negative impact on its market price. Ripple dropped by 2% earlier today immediately after the withdrawal was made.

WhaleStats, the largest crypto fund tracker, confirmed that Ripple withdrawal was carried out in its escrow in two installments of 500 million XRP each. According to reports by WhaleStats and details from Ripple, the withdrawal was carried out in the early morning hours today at an approximate cost of $811.39 million.

Following the news, Ripple’s market capitalization dropped to $39.3 billion losing its 6th position to Solana.

The post Ripple (XRP) price dropped 2% today: why did the XRP price drop? appeared first on Coin Journal.

Celer price has been on the rise since March 13 and it has gained more than 96.8% over the last fourteen days. At the time of writing, Celer (CELR) was trading at $0.07482 down from a daily high of $0.08257 though still in the green with a rise of 9.23% in the last 24 hours.

It has been an incredible week for the majority of the altcoins with some shooting to the moon following some huge announcements. The likes of Bitcoin also saw significant price gains hitting three months high since it plummeted following the Russian invasion of Ukraine in February.

This article focuses on the forces behind the current CELR price rally.

Why is the CELR price rising?

Before getting into what is behind the price surge, it is important to first explain what Celer is.

In a nutshell, Celer, or Celer Network, is a layer-2 scaling solution designed to provide simple, fast, and secure off-chain transactions for smart contracts and payments. Its native token is CELR.

The main reasons why the CELR price is surging are CERL selection as an interoperability layer, inclusion of the new blockchain in its cBridge products, and its support for Conflux eSpace.

• CELR selected as an interoperability layer

Since CELR uses off-chain transaction handling to reduce transaction cost while increasing processing speed, it has been selected as an interoperability layer for BSC Application Sidechain (BAS) on BNB Smart Chain, thus increasing the value of CELR.

• Celer support for Conflux eSpace

The Network has added Conflux eSpace bridging functionality to its protocol to provide users with the choice of blockchain interoperability.

Celer Network announced via a blog post on 29th March that it will start its integration by offering five items as their kick-off support for Conflux eSpace as they prepare to add more assets in the future. Besides, Celer has added over 20 blockchains to its ecosystem.

• Inclusion of the new blockchain in its cBridge products

cBridge, one of the Celer Network’s unique products, has added a new blockchain to aid cross-chain transactions across blockchains. This will allow customers to connect their assets across the Conflux network and Ethereum as well as allow secure connection of two blockchains for crypto assets.

The post Why is Celer (CELR) price rallying? appeared first on Coin Journal.

Citi’s ‘Metaverse and Money’ outlook suggests the virtual world ecosystem could grow to encompass 5 billion users.

Citi has released a new report that predicts the Metaverse could grow to reach a total addressable market (TAM) of up to $13 trillion in the next few years.

In its Global Perspectives & Solutions (GPS) report released on Thursday, the bank’s analysts say the spike in interest in the Metaverse has the potential to push the virtual world’s economy to more than ten trillion dollars in the next seven or so years.

A ‘device-agnostic’ Metaverse

As the next iteration of the internet, the Metaverse will combine both physical and digital world reality. The immersive experiences will not be purely Virtual Reality-targeted, but one that’s “device-agnostic.” Per the GPS report, this will allow access via various devices, including smartphones, PCs, and game consoles.

Such a Metaverse could expand quickly and count up to five billion users, the report noted.

“Based on our definition, we estimate the total addressable market for the Metaverse economy could grow to between $8 trillion and $13 trillion by 2030,” the bank said in the report.

A few issues to address 

The concept of the Metaverse is not entirely new, although ‘real’ interest in it only began to take root last year following the explosion of non-fungible tokens (NFTs). Meta Platforms (formerly Facebook) and other Big Tech companies’ entry into the ecosystem only served to jump the interest across the world.

In 2022, developments in the virtual world space are moving to a stage where a lot is coalescing into Web3. Use cases that continue to gather momentum are in areas such as art, media, and commerce among others.

But while Citi analysts see the Metaverse as “the new iteration of the internet,” they believe there are issues that might need addressing to aid further innovation and growth. 

This will likely be driven by greater attention towards the ecosystem from governments and other global regulators, and the bank believes players within the Metaverse space need to be ready to address issues around money laundering, property rights, and the use of digital assets and decentralised finance (DeFi).

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