crypto business Archive - Seite 1100 von 1500 - Finanzmittel Info + Krypto + Geld + Gold

4. November 2022

FTM rallies by 18% following Ramp Network’s Fantom integration

Fantom is the best performer amongst the top 100 cryptocurrencies by market cap today following a crucial integration.

FTX, the native coin of the Fantom blockchain, is up by more than 18% in the last 24 hours. The coin is outperforming the other major cryptocurrencies after rallying by nearly 20% so far today.

The rally comes after Fantom Foundation announced that Ramp Network had integrated Fantom. Ramp is a company that builds vital infrastructure connecting crypto to the global financial network.

According to the Fantom team, users onboarding to Fantom via Ramp can expect efficient and reliable transaction settlement. Fantom builders can connect to the Ramp SDK with just a few lines of code, the Fantom Foundation added.

FTM’s rally comes as the broader cryptocurrency market recovers from the slump it suffered earlier this week. The total cryptocurrency market cap stands at $1.03 trillion, up by more than 2% in the last 24 hours.

Bitcoin is trading around $20,600 and could rally towards $21k soon after adding more than 1% to its value today. Ether is also trading close to $1,600 after rallying by 2% in the last 24 hours.

Key levels to watch

The FTM/USD 4-hour chart is bullish, as Fantom has been performing well over the past few hours. The technical indicators show that FTM is outperforming the broader crypto market.

FTM/USD Chart By TradingView

The MACD line is above the neutral zone, indicating bullish momentum. The 14-day relative strength index of 72 also shows that FTM could soon enter the overbought region.

At press time, FTM is trading at $0.2753 per coin. If the positive trend continues, FTM could surge past the $0.3208 resistance level before the end of the day.

With the support of the broader cryptocurrency market, FTM could rally past the $0.450 resistance level over the coming days.

Where to buy Fantom now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy FTM with eToro today

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy FTM with Skilling today

The post FTM rallies by 18% following Ramp Network’s Fantom integration appeared first on CoinJournal.

4. November 2022

Crypto market continues its recovery despite hacks: DappRadar’s October report

The cryptocurrency market cap rose to $1 trillion in October despite the $1 billion in losses recorded via hacks during the month.

DappRadar, the global app store for decentralised applications, revealed in its October report that the cryptocurrency market has continued its recovery, reaching a market cap of $1 trillion.

Last month, the number of industry Unique Active Wallets (UAW) for blockchain dapps reached 2.01 million per day on average, a 6.84% increase from September. This data suggests the industry’s resilience against the wider economic turmoil.

Nonfungible tokens (NFTs) have become an integral part of the digital asset space. DappRadar revealed that NFT trading volume decreased by 30% from September, reaching $662 million, the lowest amount recorded this year.

However, despite the decrease in NFT trading volume, the unique traders count increased by 18% reaching 1.11 million.

Last month, OpenSea’s market dominance decreased by 8.3% compared to August. Furthermore, the platform’s NFT trading volume decreased 12.1% ($313 million) month-over-month, the lowest trading volume since July 2021.

While the NFT space continues to shrink, the blockchain gaming sector continues to experience a surge in adoption. DappRadar revealed that the gaming sector had an average of 898,481 daily UAWs in October, making it one of the most promising web3 sectors.

The decentralised finance (DeFi) sector continues to recover in tandem with the broader crypto ecosystem. The sector recorded a 5.33% growth last month, reaching $83 billion.

Ethereum remains the most popular chain with $51 billion TVL, a 9.52% growth from September. Comparing Ethereum to other blockchains, its dominance decreased from 69% in September to 61.97% in October. BNB takes second place with $8.3 billion in TVL, an 8.57% growth from September. The recent BNB Chain exploit didn’t affect the metric at all.

The cryptocurrency market continued its slow recovery last month, with the market cap finally reaching $1 trillion after weeks of poor performance. The report said;

“After the crypto market started to turn green on October 25, over $1.2 billion in short liquidations took place in around 24 hours. The crypto market finally broke free from the tight price range it had oscillated in since September.”

Altcoins were not left behind as they rallied excellently in October, led by Dogecoin (DOGE). DOGE ended the month at $0.12, a 50% increase in the past 30 days and six-month highs. This price increase was driven by Elon Musk’s takeover of Twitter and Dogechain’s announcement of its future roadmap.

The recovery comes despite the record security hacks reported last month. According to the database of DeFi scams, hacks and exploits DEFIYIELD, this month saw the largest value of funds lost all year: $1.09 billion.

Cross-chain hacks represented 82% of the exploits reported last month. The biggest fraud this month is Francisco Valdevino da Silva, aka the “Bitcoin Sheikh.”

Brazilian authorities revealed that he is suspected of having defrauded and laundered up to 4 billion Brazilian reals (about $766 million) from thousands of Brazilians and citizens from at least ten other countries.

At the current pace, 2022 could likely surpass 2021 as the biggest year for crypto and blockchain hacking, despite the bear market.

The post Crypto market continues its recovery despite hacks: DappRadar’s October report appeared first on CoinJournal.

3. November 2022

This is the best way to trade cryptocurrency

Cryptocurrencies are a new and exciting investment opportunity, but it’s important to do your research before buying in. Cryptocurrencies are very sensitive, and prices can go up and down quickly. There are various cryptocurrencies on the market, so it is important that you choose the one that suits you best. Once you’ve found the perfect cryptocurrency for you, trade the same way you would with regular currencies.

Cryptocurrency – what is it and how does it work?

Cryptocurrency is a digital currency that uses cryptography to secure transactions. Cryptocurrencies are decentralised and do not exist in any physical format, making them more difficult to track and counterfeit. Bitcoin, the most famous cryptocurrency, was launched in 2009 and has since grown rapidly in popularity. Cryptocurrencies are often used by people who want to do business outside of the traditional banking and financial system, as the transactions cannot be traced back to any specific person or organisation.

What does the future look like for cryptocurrencies?

It is difficult to say what the future holds for cryptocurrencies, as there are many different factors that can affect their development. Cryptocurrencies have the potential to be a very big part of the future, but there are also risks with them. It is important to think through all aspects of cryptocurrencies before investing in them. And since digital currencies are not regulated by the big banks, they do not have the same protection as fiat currencies should something unexpected happen in the market. It is something that everyone should take into account when thinking about crypto investments.

With this in mind, it is important to never invest money you cannot afford or to borrow money to make these investments. It could end in big and troublesome problems both now and in the future.

Cryptocurrencies – A Beginner’s Guide

Cryptocurrencies are digital currencies that use cryptography to secure transactions. Cryptocurrencies are not regulated by any central authority, and there are several different types of cryptocurrencies.

Bitcoin is the most famous cryptocurrency, but there are also other types of cryptocurrencies, such as Ethereum, Litecoin and Ripple. Cryptocurrencies work in the same way as regular currencies, but there are some differences.

Cryptocurrencies are mostly used for internet payments, and you can trade them in the same way as you trade regular currencies. However, cryptocurrencies are not as stable as regular currencies, and the value of a cryptocurrency can fluctuate greatly daily..

What is a good cryptocurrency trading strategy?

There is no one strategy that is best for every situation, but there are some basic principles that can help you succeed in cryptocurrency trading. First of all, you need to learn how the market works, and this means that you need to read a lot of information about cryptocurrencies.

This can be difficult because there is a lot of technical information that can be difficult to understand. This is why it is important that you find a good resource to learn more about cryptocurrencies. Another important aspect of cryptocurrency trading is risk management.

You have to be prepared to take some risks when trading, which is why it’s important to have a good risk management strategy. There are several different ways to manage risk, and you need to choose the method that suits you best. Finally, you also need to make sure that you have a good plan for how you will invest your money. There are several types of investments, and you need to choose the type of investment that suits you best.

What are the risks of trading cryptocurrency?

Cryptocurrencies are very risky investments. They are not regulated by any central authority, and there is no guarantee that you will actually get back the money you invest. Cryptocurrencies are also very sensitive, which means that prices can fluctuate greatly, both up and down.

This feature makes it difficult for investors to know when to sell or buy the currency, and there is always a risk of losing money. There are many different cryptocurrencies, and it is important to do your due diligence before investing in any of them. One should also be aware that cryptocurrency trading is highly speculative, and there are no guarantees of profit.

The post This is the best way to trade cryptocurrency appeared first on CoinJournal.

3. November 2022

Is Ethereum now bearish after the Fed rate decision?

Ethereum (ETH/USD) lost an intraday 1.70% on Thursday after a Fed interest rate decision the previous day. The Fed raised rates by 75 basis points. The hike was largely expected, and potentially, the news was priced in the market. However, additional comments raised scepticism that saw most cryptocurrencies fall.

As the Fed continues to fight inflation, officials hinted at more moderate rate increases. The tone was slightly hawkish as investors had hoped the Fed would move slower in the wake of recession concerns. The comments were also not the most hawkish, as the idea of aggressive tightening wasn’t evident. The statement, however, meant that investors must brace for higher rates longer, which spooked markets.

The lower trading of ETH from an intraday high of above $1,600 underlined caution that gripped markets. As of press time, ETH was trading at $1,530 with weakening momentum.

ETH recovers slightly at the 61.8 retracement zone

Source – TradingView

Applying the Fibonacci retracement levels, Ethereum’s swing high lies at $1,663 and swing low of $1,158. The possible retracement levels are $1,227.99 (23.6%), $1,351.61 (38.2%), $1,411.11 (50%), and $1,470.61 (61.8%).

The price is showing some upside close to the 61.8% fib level. However, the momentum is weak, with the price showing little upside. The MACD indicator is bullish but also shows weakening momentum.

Which is the likely price level for ETH?

With the weak momentum, it is unlikely that ETH will recover at the current level. Although the price could recover at the 61.8% fib level, we consider the 50% fib more likely. The latter coincides with a support zone, making it a realistic target.

If ETH reaches the 50% fib level, buyers could look to buy around $1,400 to $1,450. Still, we cannot consider ETH price bearish as key level (s) remain intact.

Where to buy ETH

eToro

Buy ETH with eToro today

Skilling

Buy ETH with Skilling today

The post Is Ethereum now bearish after the Fed rate decision? appeared first on CoinJournal.

3. November 2022

What is Mask Network, and why is its token surging? – a technical outlook

The Mask Network, a protocol that claims to be the portal to a new and open internet, is attracting interest this week. Its native token, MASK, is making parabolic moves. In just two days, MASK has more than doubled in price. The token touched a high of $5.90 on Thursday, from $2.30 on November 2. MASK has been on a bullish momentum for the past week, having recovered from a low of slightly above $1.

Mask Network aims to introduce privacy and Web3 functionalities to social media, including Twitter and Facebook. The web3 platform enables privacy through the encryption of messages disseminated through social media platforms. The network aims to do so through an open-sourced browser extension. Mask also enables other Web3 fields, such as NFTs and DeFi.

MASK, the native token, is surging on growing prospects of more use cases around Elon Musk’s acquisition of Twitter. The token initially supports Mask Network’s governance. Lately, Binance announced it was launching the “Bluebird Index.”

MASK is one of the cryptocurrencies in the index alongside BNB and DOGE. The move has ignited investors’ interest in MASK, which could be core to Twitter’s payment. That follows a new-found bond between Binance and Musk after the former became a financier in the Twitter acquisition. A technical outlook, however, shows that MASK is overbought and facing resistance.

MASK meets resistance after the latest gains

Source – TradingView

A weekly technical outlook shows that MASK has an established resistance at $5.9. The cryptocurrency has corrected slightly after meeting the resistance. An RSI reading of 70 suggests that the token is overbought. However, the cryptocurrency broke past the 20-day and 50-day MA. A break above the latter could still be invalidated if MASK closes below.

Should you buy MASK?

The idea of using MASK as one of the payment mediums on Twitter could continue to boost the cryptocurrency. Nonetheless, the token is not trading at an attractive level. A correction is likely, and investors could consider buying lower. Alternatively, investors should buy when MASK breaks out at the resistance.

Where to buy MASK

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy MASK with Binance today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy MASK with KuCoin today

The post What is Mask Network, and why is its token surging? – a technical outlook appeared first on CoinJournal.