Schlagwort: blockchain markets

After a recent surge of more than 100%, the token of Polkastarter, POLS, has begun to decline rapidly. Today, it has lost a third of its value. However, technical indicators show it might be facing a bull run.

Look no further than this short article to find out what POLS is, if it’s worth buying the dip, and the best places to buy POLS.  

Top places to buy POLS now

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

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

What is POLS?

POLS is the native utility token of the Polkastarter platform and plays a number of roles in its ecosystem, being used for liquidity mining, governance, paying transaction fees, and gaining eligibility to participate in POLS-holder only pools.

Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.

Through Polkastarter, blockchain projects can easily create their own cross-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.

Should I buy POLS today?

POLS 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. Take all investment advice with a grain of salt.

POLS price prediction

GOV Capital remains bullish on POLS despite the current price developments. They predict it will trade for more than $7 in a year and for $47.6 in 5 years.   

POLS on social media

#POLS/USDT Pump and dump this shit here on Daily TF!#POLS Pumped almost 3x within a day and then fell 40% from the day within the very day itself.$POLS #POLS #POLSUSDT #Polkastarter @polkastarter pic.twitter.com/D6yBmpo6ff

— TraderAAG 🍥 (@TraderAAG) March 15, 2022

The post POLS down 33%, time to buy the dip? Top places to buy POLS appeared first on Coin Journal.

RingFi’s coin, RING, has shaken the crypto market by rallying over 202% in the last 24 hours as the rally continues.

At the time of writing, RING was trading at $13.45, up 202.44% in the last 24 hours. It has hit a daily high of $13.84 while its daily low is $3.48.

RingFi’s trading volume in the last 24 hours is $935,504. Its market cap and circulating supply are yet to be provided.

In this article, we shall shed some light at behind the scenes causing RingFi’s RING coin price to skyrocket today.

What Is RingFi?

Before delving into why the coin is rising, it is important that we first explain what RingFi is.

In a nutshell, RingFi is a decentralized finance (DeFi) protocol built on the BSC network. It allows token holders to earn yield farm in the easiest way possible. Its native token is denoted as RING.

The RING token is powered by rebasing, where its circulating supply is adjusted with respect to the token price, rewarding users with 0.02362% every 15 minutes.

It is important to note that Rebasing sometimes can affect the look of the token on the chart.

Why is the price of the RING coin soaring?

One of the main reasons why RingFi price soared to the moon today is its recent listing on CoinMarketCap.

The other possible reason that could also be contributing to the price jump is the various YouTube videos that have been published in quick succession concerning the RingFi project. The videos have certainly attracted the attention of investors thus contributing to a rise in its trading volume as investors rash to trade and acquire the RING coin.

Currently, RingFi has more than $275k in liquidity on PancakeSwap.

The post Why has BSC’s RingFi auto-staking token RING jumped over 202% today appeared first on Coin Journal.

The CEO of Terraform Labs Do Kwon has wagered $10 million on the price of Terra (LUNA) over the next year.

The huge bet involves pseudonymous crypto investor Gigantic Rebirth, or GCR, and has been sealed after the two deposited $10 million each into an escrow account controlled by crypto trader Cobie.

GCR was the first to deposit $10 million worth of USD Coin (USDC) into escrow, while Kwon, who sealed another bet on LUNA yesterday, completed his transfer moments later.

As per the terms of the deal, the bet will go either way depending on where the price of LUNA will be in a year’s time. The Terra chief believes LUNA will be higher than today’s $88.00 in March 2023, while GCR bets on the cryptocurrency’s value being lower than where it is today.

On Monday, Kwon bet $1 million on LUNA being above the March 14 2022 price by the same date next year. Today, Cobie has tweeted that the three parties have deposited $22 million in total into the escrow.

„GCR, Do and Algod have all deposited to the Cobie Luna bet escrow address.May the best degen win,“ he noted as he shared a screenshot of the amounts.

Cobie has vowed to ensure the bet holds, assuring the crypto community that he would not be “rugging” anyone.

22m is below my „would rug?“ threshold but if anybody would like to increase the bet to the hundreds of millions then I will certainly consider stealing the money and going on the run. Thank you

— Cobie (@cobie) March 15, 2022

LUNA currently trades around $91.40, up 17% over the past week and about 469% higher than its price this time last year.

The post Terraform Labs CEO Do Kwon bets $10 million on LUNA price appeared first on Coin Journal.

On Monday Japan’s Financial Services Agency (FSA) together with the Ministry of Finance ordered Crypto exchanges to stop processing transactions involving sanctioned assets, individuals, or entities in sanctions leveled against Russian and Belarus after Russia invaded Ukraine.

This order came to effect after Group of Seven (G7) nations (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) noted that Russians had started utilizing digital assets. They stated that they will be very strict with the illegal Russian actors who are trying to use their digital assets to transfer and enhance their wealth.

The use of Cryptocurrencies by Russia to be around sanctions because it invaded Ukraine has become a rising issue among the G7 major countries, Germany, Canada, United Kingdom, Japan, France, United States, and Italy.

On Friday, the US Treasury Department asked all the crypto businesses in the United States to adhere to the new guidelines that prohibited them from doing transactions with sanctioned entities and individuals.

Law violators

To make the new rules effective and strictly adhered to, the FSA and the Ministry of Finance made a joint announcement where they revealed the new steps that will be followed to prevent funds transfer using crypto assets that violate penalties.

Japan has been slow in adopting rules and regulations to be used on private digital currencies, however, G7 and G20 countries stood in the gap and urged for more regulations of Stablecoins.

Japan’s FSA said that any unauthorized transfer to sanctions-related targets via crypto assets will be termed as a criminal offense and will lead to 3-year imprisonment or a cash bail of 1 million yen ($8,487.52). As of 4th March, 31 crypto exchanges were operating in Japan.

However, in all these discussions, the European Union (EU) has been acting as a guest with representation by the European Commission and the European Council.

The post Japan’s FSA orders crypto exchanges to adhere to the imposed sanctions appeared first on Coin Journal.

Major cryptos registered mostly small losses. On Monday, the European Parliament’s Committee on Economic and Monetary Affairs voted down a bill that could have outlawed proof-of-work in EU territory.

US indices slipped yesterday amid uncertainty ahead of the Federal Reserve’s eagerly awaited policy meeting today. The NASDAQ100 was down 2%, the SPX500 0.75%, while the DJ30 was flat. China-based tech stocks led the declines.

Shares of TV-ratings company Nielsen surged 30% on Monday after it was reported that a group of private-equity firms was in talks to buy the company for about $15 billion.

Top cryptos

Ethereum, Solana, XRP, and BNB lost around 2% each. Bitcoin lost around 1.6%, trading under $40,000 at time of writing.

Terra’s native token Luna is the biggest gainer in the top 20 coins by market cap today. This has been true for it for a few weeks now.

Top movers

THORChain is the biggest mover in the top 100 without a doubt. It added another 11.61% to its value today, bringing its weekly gains to 78%. It is rallying after the cross-chain DeFi project’s rollout of synthetic assets and the announcement of a launch date for a suite of new features called THORFi.

After a successful acquisition, Elrond has gained 7%. eCash is up 5%. BAT continues its steady rise. It’s trading for $0.73 with a 24-hour trading volume of $162.18 million. The token, which ranks 72nd by market cap, is up 4.72% in the last 24 hours.

The popularity of Stellar has been rising ever since an XLM token burn two days ago. The 30th biggest coin by market cap achieved a weekly gain of around 4%. According to some analysts, it’s about to break out.

Today, OIG announced a partnership with ioTexPad, the first ever launchpad built on IoTeX. The live IoTeX price today is $0.07 with a 24-hour trading volume of $40.2 million. IoTeX ranks 92nd by market cap and has gained 7% today.

The Graph’s price has risen sharply in the past few weeks. It’s currently trading for $0.36. The platform’s ecosystem is expanding, a fact welcomed by investors. However, some analysts anticipate a bearish turn.

At the other end, the vast majority of top 100 coins lost 2-4% of their value.

Zcash and Anchor each lost 10%. The predictions that Zcash, a privacy token, would start to dip after a meteoric rise have proven accurate. It was rallying on popularity of privacy coins a few days ago against the backdrop of the Russia-Ukraine war.  

Trending

The biggest gainer of little-known coins is Ziktalk, currently trading for $0.009. Its token ZIK generated a 24-hour trading volume of $1.4 million and has gained 1,083% today.

Ziktalk is a Web3 short video platform with over 650,000 users that allows content creators and consumers to earn ZIK tokens for interactions within the app.

It uses the concept of “social mining”, which involves rewarding users for contributions that benefit the growth of the ecosystem. 

Ziktalk provides monetization opportunities to 98% of content creators, whose earnings are below the poverty line, and also supports users in developing countries.

The post Highlights March 15: Major cryptos in the red, China tech firms lead US indices lower appeared first on Coin Journal.