Schlagwort: crypto business

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Arweave price prediction: Here’s why AR is soaring

Arweave price surged to the highest level since July 31st. It rose to a high of $17.62, which was about 131% above the lowest level this year. Its market cap surged to over $512 million, making it the 76th biggest cryptocurrency in the world.

Arweave and Meta partnership

Arweave is a community-owned storage platform that makes it possible for people to permanently store their data. Instead of monthly subscriptions, the platform makes it possible for people to store data with a single upfront payment.

Arweave uses the permaweb, which is a global, permanent web of pages and applications that live forever. The cost to store on Arweave tends to fluctuate over time. On average, it costs between $2.35 to $5 per GB.

Arweave’s ecosystem has grown rapidly in the past few months. Some of the top platforms that use Arweave are Verto, Argora, Mintbase, Nina, and Mask Network among other

Arweave price shot upward on Thursday after the developers unveiled a partnership with Meta Platforms, the parent company of Facebook and Instagram. The company is using Arweave to allow users store their digital collectibles on their Instagram platform.

The statement was made by Stephane Kasriel, who is the Commerce, FinTech, and Web3 at Meta Platforms. He previously worked for companies like PayPal and Upwork. In his statement, he said that the company was rolling out the feature on Polygon and Solana. 

Arweave price prediction

The daily chart shows that the AR price has been in a consolidation phase in the past few day. This consolidation ended on Thursday when the developers announced the partnership with Meta Platforms. As it rose, it moved above all moving averages while the Relative Strength Index (RSI) has jumped to the overbought level of 70.

Arweave also retested the key resistance level at $17.62, which was the highest point on July 31st. Therefore, I suspect that the coin will soon retreat as the enthusiasm of this partnership fades. If this happens, the next key level to watch will be at $10, which is about 30% below the current level.

The post Arweave price prediction: Here’s why AR is soaring appeared first on CoinJournal.

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Band Protocol price surges ahead of V2.4 upgrade: Is it a buy?

Band Protocol price popped to the highest level since August 16 after the developers announced plans for the next upgrade. The coin rose to a high of $1.72, which was the highest level since August 17. It jumped by more than 76% from the lowest level this year. 

Why is BAND soaring?

Band Protocol is a Chainlink competitor that provides oracle solutions to a number of blockchain projects. Some of the top projects using the platform are Injective, Loopring, KyberSwap, Homora, and CREAM Finance. Injective has a total market dominance of about 17.30%.

According to DeFi Llama, Band Protocol has a total value secured (TVS) of more than $808 million. This makes it the sixth biggest oracle network after Chainlink, Maker. WINKLink, TWAP, and Pyth. 

In the past few months, the oracle industry has struggled as challenges in the DeFi industry remain. Most providers have seen their TVS crash by billions of dollars. In its peak, Band Protocol had a TVS of more than $5 billion. Chainlink, which had a TVS of $60 billion has dropped to about $30 billion.

Band Protocol price made a strong recovery after the developers announced a new upgrade to its ecosystem. It will happen on November 21st of this year. 

Band Protocol’s BandChain will upgrade to v2.4. It will have three key features. First, it will increase the MaxGas per block to 50M Gas. Second, it will increase the throughput for oracle module by ~10x from optimising owasm runtime. Finally, it will bump cosmos sdk TO V0.45.10 and ibc-go to v3.3.1.

Band Protocol unveiled the voting process for this upgrade. At the time of writing, 10 voters have already cast their votes, with all of them being positive. Therefore BAND price is soaring as investors wait for the new transition.

Band’s upgrade is one of the top cryptocurrency news of this month. Others are the upgrade of the Cosmos ecosystem and Theta’s hard fork.

Band Protocol price

The daily chart shows that the BAND price has been in a tight range in the past few days. It remains more than 50% from the highest point this year. The coin rose above the important resistance level at $1.20, which was the lowest level at July 13. 

Band Protocol price rose above the descending channel shown in green. It also rose above the 25-day and 50-day moving averages. Therefore, there is a likelihood that the coin will rise to a high of $2.11, which was its highest point on June 28. 

The post Band Protocol price surges ahead of V2.4 upgrade: Is it a buy? appeared first on CoinJournal.

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Binance partners with crypto hardware wallet maker Ledger

Binance on Wednesday announced that it has partnered with one of the largest hardware wallet makers Ledger.

Ledger is the maker of the popular Ledger Nano S wallet.

The strategic partnership will allow Binance users to use Ledger Live to securely buy and receive cryptocurrencies directly in their Ledger wallet accounts. User no longer needs to switch between apps to manually buy and transfer crypto funds.

Acknowledging the partnership, Ledger a tweet said

“Use your #Binance account within Ledger Live to buy crypto securely, and receive it directly in your Ledger account – no switching between apps or manually transferring funds required.”

Ledger’s VP of Transactions and Services, Jean-Francois Rochet, said:

“Binance and Ledger are truly global leaders in the digital asset space, and it only makes sense to combine to provide our users with the benefits of buying crypto from Binance within Ledger Live, offering Ledger’s uncompromising world-class security.“

Buying crypto directly using bank cards

According to Binance, the partnership will allow users who have verified accounts to buy cryptocurrencies through Ledger using their bank cards. Ledger users who do not have Binance accounts have the opportunity of creating a Binance account directly on their Ledger Live app.

Binance in a blog post said:

“The first step of this new partnership is now in place, with Binance available in the desktop version of Ledger Live, the Ledger companion app, available in 10 languages. Users can now purchase more than 80 different cryptocurrencies via the Discover section of the Ledger Live desktop app using their bank cards, including Visa and Mastercard. The whole process takes just a few clicks.”

The partnership is part of Binance’s project focused on enhancing Web3 growth and development.

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Where to buy MASK coin: it’s up 54% today and still going

MASK, the native token of Mask Network, is skyrocketing. At press time, it had surged by more than 54% in the past 24 hours and it keeps on gaining momentum every minute.

MASK’s price surge is attributed to the fact that Mask Network is somehow connected to Twitter and Elon Musk completed his deal to purchase Twitter. There is also speculation that Bybit may end up adding the token to its spot trading list.

To assist investors who want to buy the Mask Network token, Coinjournal has created a brief guide on where to buy the coin.

To find out more, please continue reading.

Best places to buy MASK online

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

What is Mask Network?

Mask Network is a protocol that allows users to share encrypted messages over Facebook and Twitter. It acts as a bridge between the internet and the decentralized network.

The protocol was launched in July 2019, with its first use case being that of allowing Twitter and Facebook users to share encrypted messages. It then raised $2 million in a funding round in November 2020 and a further $3 million in a funding round in February 2021 to expand its ecosystem.

Currently, besides allowing sending encrypted posts on Twitter and Facebook, Mask Network also allows users to conduct fund Gitcoin grant campaigns directly from Twitter. It also plans to offer peer-to-peer payments and decentralized storage services.

Should I buy $MASK today?

If you are looking to invest in a cryptocurrency that is on a bullish trajectory then MASK could be a good choice.

Nevertheless, you should be aware of the fact that the cryptocurrency market is extremely volatile especially now that there are a lot of external factors affecting the crypto market at play.

Mask Network price prediction

The price of the MASK coin is expected to continue rallying at least for the next few days and weeks following the excitement around the markets following Elon Musk’s acquisition of Twitter.

Investors believe that if the coin continues on the current trajectory, it could easily smash through the $10 level before the end of this month.

Mask Network social media trends

 

The post Where to buy MASK coin: it’s up 54% today and still going appeared first on CoinJournal.

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Litecoin soars by 13% following MoneyGram’s adoption announcement

Litecoin is outperforming the other major cryptocurrencies after major adoption news from MoneyGram.

LTC, the native coin of the Litecoin blockchain, is the best performer amongst the top 20 cryptocurrencies by market cap in the last 24 hours. The coin has added more than 13% to its value, outperforming the broader market.

The rally comes after global digital peer-to-peer payments company MoneyGram announced that users in the United State can now buy, sell, and hold Litecoin and a few other cryptocurrencies, including Bitcoin and Ether, via its mobile app. 

Litecoin’s positive performance as the broader crypto market continues its bearish trend. The crypto market has lost less than 1% of its value in the last 24 hours, with the total cryptocurrency market cap still above $1 trillion. 

Bitcoin, the world’s leading cryptocurrency, is also down by less than 1% today and continues to trade above the $20k support level. Ether has maintained its position as the second-largest cryptocurrency by market cap and is still trading above $1,500 despite losing 2% of its value so far today.

Key levels to watch

The LTC/USD 4-hour chart is bullish, as Litecoin has been performing well over the last 24 hours. The technical indicators show that Litecoin is outperforming Bitcoin and the other leading cryptocurrencies. 

LTC/USD Chart By TradingView

The MACD line is above the neutral zone, indicating that Litecoin is currently in a bullish trend. The 14-day relative strength index of 73 shows that Litecoin could soon enter the overbought region.

At press time, Litecoin is trading at $62.16. If the rally continues, LTC could surge past the first major resistance level at $74.68 over the next 24 hours.

However, with the support of the broader cryptocurrency market, Litecoin could trade above the $81 resistance level for the first time since May. 

Where to buy Litecoin 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 LTC 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 LTC with Skilling today

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