Schlagwort: crypto business

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Why is Tron outperforming the broader crypto market today?

The cryptocurrency market has been underperforming in the last 24 hours, but Tron has performed positively during that period.

The broader crypto market has underperformed for the second-consecutive day this week. The market has lost more than 3% of its value in the last 24 hours, and the total cryptocurrency market cap stands below $1.3 trillion again.

Bitcoin remains the market leader and has lost 2.7% of its value so far today. BTC is now trading at around $29,100 per coin. 

Ether is trading below the $2,000 resistance level once again after losing more than 4% of its value in the last 24 hours.

TRX, the native token of the Tron ecosystem, is the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours. TRX is up by 1.4% so far today, outperforming the broader cryptocurrency market in the process.

At press time, TRX is trading at $0.072636. There is no obvious catalyst behind TRX’s positive performance. The Tron network’s USDD stablecoin has been gaining traction in recent days despite the recent negative sentiment towards stablecoins.

Key levels to watch

The TRX/USDT 4-hour chart is currently neutral as Tron has been performing well over the past 24 hours. Technical indicators show that TRX is recovering from its recent slump.

The MACD line is within the negative zone but could soon enter the neutral territory if the ongoing performance is maintained. The 14-day relative strength index of 53 shows that TRX is no longer in the oversold region.

If the positive performance continues, TRX could surge past the first major resistance level at $0.07478 before the end of the day. However, it would need the support of the broader crypto market to make a move past the $0.080 resistance level.

With the broader market now bearish, TRX could move in a similar direction and slip below the first major support level at $0.06998 over the next few hours. The second major support level at $0.06704 should cap further downward movement in the short term. 

The post Why is Tron outperforming the broader crypto market today? appeared first on Coin Journal.

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CoinCorner launches a contactless BTC card powered by Lightning network and NFC

CoinCorner, a crypto exchange and a web wallet provider, has announced the launch of its Bolt Card. 

The bolt card is a Contactless Bitcoin (BTC) card that is powered by Lightning Network (LN) and near-field communication (NFC).

How Bolt Card works

The Bolt Card will enable users to leverage the power of the Lightning Network, a layer 2 (L2) payment protocol built on Bitcoin that enables cheap and faster transactions, to make direct payments by tapping the card on a sale device presenting Lightning invoice. 

Danny Scott, the CEO of CoinCorner explained the payment process by saying that after tapping the card on the lightning-enabled point-of-sale (POS) terminal, a request of payment is sent to the user’s CoinCorner account where the British Pound Sterling (GBP) is exchanged to BTC and sent over lightning to the merchant.

However, Scott went ahead to say:

“We’re still early, so as we continue to work on making Lightning an everyday use case, we will explore other concepts around how to make The Bolt Card, and the user experience for all Lightning use cases, better.”

Scott also noted that the card is already compatible with BTCPay and CoinCorner but they are working on adding support to FastBitcoins, LNBits, and Ibex Mercado soon.

Users can pay using the card in all locations that have CoinCorner with Lightning-enabled POS gadgets. 

Currently, there are around 20 stores in the Isle of Man but the exchange is planning to roll out more stores in the UK and other countries.

Covering Android users 

Android users will not be left behind as they can use the card to pay at checkout on the websites that accept Bitcoin and Lightning payment which include online betting platform Rivalry, Davison’s Ice Cream, fudge company Yum Yum Tree Fudge, Cannabidiol (CBD) company Herts Hemp and many more.

It is also important to note that Bolt Card has come days after Sam Bankman-Fred, FTX crypto exchange CEO, said that Bitcoin cannot be an efficient payment method and that he will focus on integrating LN. His comment led to a massive community backlash.

However, some users were still optimistic about the card saying that it can pave way for massive Bitcoin adoption.

One of the users commented via Twitter saying:

“This could very well bring mass adoption. Hard for people to learn a complete diffrent way of doing commerce better adapt Bitcoin to what people are already familiar with.”

The post CoinCorner launches a contactless BTC card powered by Lightning network and NFC appeared first on Coin Journal.

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Where to buy Santos FC Fan Token, the top gainer on Binance Smart Chain

The token of Santos Football Club gained 8% in the last 24 hours, which have been kind to fan tokens in general. 

This brief guide has everything you need to know about Santos FC Fan Token, including whether and where to buy it if you choose.

Top places to buy Santos FC Fan Token now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for SANTOS

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

What is Santos FC Fan Token?

Santos FC Fan Token (SANTOS) was created through a partnership between Binance launchpool and the football club. Santos FC is a Brazilian sports club based in the state of São Paulo.

With this partnership, Binance obtained the status of sponsor and licensee, with the right to manage and control NFTs products.

The purpose of the agreement was to deepen relationships with fans, increase fan engagement, and attract attention from Binance users, who might invest in the coin. 

Holders of SANTOS have the following benefits: the right to vote in polls and to take part in the club’s activities and related events. 

Owners of the SANTOS token also have access to special privileges, exclusive rewards, and limited and collectible NFTs.   

Should I buy Santos FC Fan Token today?

SANTOS can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value. 

Santos FC Fan Token price prediction

Most analysts’ outlooks are bleak. Trading Beasts predict a drop to $4.23 by the end of this year. Price Prediction is even more bearish, forecasting a decline to $2.37 in this period.

In December 2023, Price Prediction forecasts the coin’s price will increase slightly to $3.54. Wallet Investor is not particularly optimistic, predicting the Santos FC Fan Token price will trade for just $2.8 at that time. 

Trading Beasts predict a bull run for Santos FC Fan Token. It will reach $7 in 2023.  

Santos FC Fan Token on social media

The post Where to buy Santos FC Fan Token, the top gainer on Binance Smart Chain appeared first on Coin Journal.

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Dia is up 127%, soaring on high-profile integration: here’s where to buy Dia

The OmniDex1 DEX scraper is now live, enabling Dia to collect and aggregate market data from the OmniDEX on Telos. 

Look no further than this short article for all the details about Dia: what it is, is it worth investing in, and the best places to buy Dia now.

Top places to buy Dia now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy DIA with Binance today

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy DIA with KuCoin today

What is Dia?

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. 

DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. 

In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

DIA is the governance token of the platform. It is currently based on ERC-20 Ethereum protocol. 

Should I buy Dia today?

Dia 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. 

Dia price prediction

According to Tech News Leader, Dia’s coin will dip to $0.74 in 1 year, but then go up to $2.16 in 5 years. A decade from now, 1 DIA will be worth $13.71. 

Wallet Investor thinks DIA is a bad investment. They predict a drop to $0.04, around half of its current price. This is a loss of 95%.  

Dia on social media

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2 reasons why the Ethereum price is plummeting

Ethereum price drifted lower on Wednesday as its correlation with the Dow Jones and the Nasdaq 100 indices continued. The coin dropped to a low of $1,964, which was its lowest level this week. It was a sea of red as other cryptocurrency prices nosedived.

Don’t fight the Fed

ETH price declined sharply as volatility in the market continued. The closely-watched CBOE volatility index rose by more than 5%.

There were several catalysts for this volatility. First, investors were reacting to the statement by Jerome Powell on Wednesday during an event sponsored by Wall Street Journal. In it, he reiterated that inflation was the biggest challenge facing the economy. He then reiterated that the Fed would do whatever it could to push inflation towards its target of 2.0%. 

Therefore, investors believe that this means that the bank will not come to its rescue like it did in 2018 and during the Covid pandemic. As such, it will continue hiking interest rates by 0.50% in the remaining meetings. It will also start a period of quantitative tightening. As such, Ethereum price is falling as investors avoid fighting the Fed.

Read our Ethereum price prediction.

US stocks correlation

ETH price is also crashing as the correlation with American stocks continues. The Dow Jones declined by more than 1,100 points while the tech-heavy Nasdaq 100 index declined by more than 560 points. 

The decline was triggered by the relatively weakness in the retail sector. The Target stock price crashed by more than 25% while Walmart fell by more than 10% after the firms published weak quarterly results. 

Their results showed that the biggest American companies were seeing wage inflation affect their businesses. As such, the trend could continue in other sectors of the economy. 

In the past few months, there has been a close correlation between American stocks and cryptocurrencies like Ethereum.

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