Schlagwort: crypto business

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Why is Tron up by more than 11% today?

The cryptocurrency market has been experiencing a mixed performance since the start of the week.

The broader crypto market continues its mixed performance since the start of the week. The market has added less than 1% to its value in the last 24 hours, with the total market cap still above $1.7 trillion.

Bitcoin has found it hard to break past the $39k barrier despite adding 0.95% to its value over the past few hours. Ether risks dropping below the $2,800 level after losing 0.35% of its value in the last 24 hours.

However, TRX, the native token of the TronDAO ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap. TRX has added more than 11% to its value in the last 24 hours, outperforming the other major cryptocurrencies.

The primary catalyst behind TRX’s ongoing rally is the imminent launch of TronDAO’s decentralised stablecoin USDD. 

TronDAO CEO Justin Sun is set to present and launch the USDD stablecoin during a live event tomorrow, May 5. 

Key levels to watch

The TRX/USDT 4-hour chart is the most bullish amongst the top 20 cryptocurrencies by market cap. The technical indicators show that TRX is outperforming the other major cryptocurrencies at the moment.

The MACD line is within the positive zone, indicating bullish momentum. The 14-day relative strength index of 67 shows that TRX could soon enter the overbought region if the rally continues.

At press time, TRX is trading at $0.07758. TRX is preparing to surge past the first major resistance level at $0.7825 and could do so before the end of the day. However, the $0.0800 resistance level should cap any further upward movement in the short term.

On the flip side, TRX could slip below the first major support level at $0.07326 if the bears regain control. However, it should comfortably defend the $0.07004 support level over the next few hours and possibly days. 

The post Why is Tron up by more than 11% today? appeared first on Coin Journal.

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MRI keeps rising after hitting all-time high: here’s where to buy Marshall Rogan Inu

After launching on Binance Smart Chain yesterday, Marshall Rogan Inu hit an all-time high of $0.04 according to Coin Market Cap. It also went live on PancakeSwap. Its ascent continues today.  

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

Top places to buy Marshall Rogan Inu now

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

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

What is Marshall Rogan Inu?

Marshall Rogan Inu is a meme coin combining UFC and dog-themed coins. It bills itself as the first token offering UFC fighters direct sponsorship, which it does in ether and the native MRI token. 

They can use the funds to cover their expenses and engage with the community. MRI will sponsor events and training camps for fighters and help finance medical treatment to support their health and increase their earning potential.

Among the athletes sponsored by MRI are Chael Sonnen, Brandon Moreno, Bobby Gree, Derek Brunson, and more. The project was named after Marshall Rogan, the dog of popular UFC commentator Joe Rogan.  

Should I buy Marshall Rogan Inu today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

Marshall Rogan Inu price prediction

Price Prediction forecasts the price of Marshall Rogan Inu will reach at least $0.097 this year. It can go up to $0.11 with the average trading price of $0.10. 

In 2023, one MRI will trade for at least $0.15. It can reach $0.17 with the average price of $0.15 throughout the year. They predict a peak of $0.26 in two years and the minimum level of $0.30 in 2025.

Marshall Rogan Inu on social media

The post MRI keeps rising after hitting all-time high: here’s where to buy Marshall Rogan Inu appeared first on Coin Journal.

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Highlights May 4: Major cryptos decline as Fed interest rate decision awaited

Crypto Crash represented by coins falling into flames

The crypto market as a whole is bearish, with most top 100 coins in the red at the time of writing. Investors are awaiting the Federal Reserve’s likely decision to increase interest rates by half a point.

Top cryptos

Bitcoin is considered to be at risk of a breakdown as price momentum slows. The biggest cryptocurrency by market capitalization was recently trading at around $38,000, relatively flat over the past 24 hours. 

Ethereum was trading for about $2,800, slightly down today. Most other major cryptos were in the red, but not by much. Solana lost around 1%, and Cardano and Avalanche each lost 2%. 

Crypto.com’s CRO has gained more than 2%, showing signs of potential recovery from a severe dip of over 15%. It faced community backlash after cutting interest rates. 

Top movers

Outside the top 20, TRON’s TRX is up 5%, bringing its total gains for the week to 17%. Tomorrow is the official launch of USDD, a stablecoin that will become available on Tron’s blockchain.

The network promises that USDD will propel stablecoins to enter a new epoch where algorithms and mathematics build the foundation for financial stability and accessibility in a decentralized manner. 

TRX is poised to break the top 20 (currently ranked at 21) and the price of $1 per 1 TRX. Monero, the top privacy coin, added 3% to its value today, as did STEPN’s GMT. 

STEPN is revolutionizing health and fitness. Today, its Genesis NFT collection will be airdropped on Binance. The network hopes to get more active users into BSC and grow out the ecosystem as a result. 

Both Curve DAO Token and Convex Finance, a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there, are among the gainers today. They’re up 8% and 2%, respectively. 

Curve DAO Token (CRV) formed an ascending broadening wedge two days ago, which preceded its gain. Whales are short-selling it now, so the price might fall. 

Finally, XDC Network gained 5% as part of a slight but steady rise since May 1, when they announced a competition hosted by Bitrue and DATACHAIN. They are giving away $3000 in $DC and $500,000 in trial funds. The event ends on May 6. 

Yearn Finance and 0x close out the list of winners, both up 3%.  

Most top 100 coins, except for the above lost 2-4%. OKB shed 5%, reversing recent gains. Axie Infinity and ApeCoin each lost 6%. IOTA is the biggest loser, down 7% today.  

Algorand’s ALGO jumped more than 20% a day after announcing that it would become the official blockchain platform of FIFA. Today, it is down 6%. 

Trending

The biggest winner today is CIX100, the token of Cryptoindex.com 100. Its price today is $0.18, and it has been up 368% in the last 24 hours.  

Cryptoindex.com intends to become a comprehensive crypto market resource offering current analytics and information, including readily accessible price quotes, crypto market news, real-time trading, and order book information. 

The post Highlights May 4: Major cryptos decline as Fed interest rate decision awaited appeared first on Coin Journal.

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Ethereum price prediction for May 2022

Ethereum price has gone nowhere in the past few days as investors eye the upcoming interest rates decision by the Federal Reserve. The ETH token is trading at $2,805, which is slightly below this week’s high of $2,883. Its market cap has dropped to about $340 billion, meaning that investors have lost over $160 billion of value recently.

Ethereum April review

Ethereum had a relatively uneventful performance in April. The biggest announcement was that the developers were postponing Ethereum merge date from June this year to the third quarter. Analysts expect that the current network and the Beacon Chain will now merge in August or September. 

The merge delay was a disappointment to many people. However, many investors believe that it was a necessary action because of the significance of the upgrade. Historically, a single era in a blockchain network like Ethereum has led to major hacks. 

Read more about how to buy Ethereum.

Meanwhile, like other chains, Ethereum saw an outflow of total value locked (TVL) in its network. In the past 30 days, the TVL has dropped by more than 11% to about $110 billion. It nonetheless managed to grow its dominance in the industry to 55% as other chains saw a deeper decline. For example, Solana and Fantom declined by over 25%.

Ethereum’s price action also mirrored that of other assets. In April, the Nasdaq 100 declined by more than 18%. In the same period, US bond yields continued rising as the sell-off continued. Bond yields have an inverse relationship with prices. Indeed, in April, the yield curve managed to invert to the lowest level since 2007.

This price action was mostly because of the words by Fed officials. In speeches and statements, officials like Jerome Powell and Mary Daly hinted that the bank will continue hiking rates. Expectations are that the bank will increase rates by 0.50% and start quantitative tightening. 

Ethereum price prediction

The four-hour chart shows that the ETH price has been in a steady downward trend recently. It has managed to move below the standard pivot point and the 25-day moving average. Also, the Relative Strength Index has moved slightly below the neutral level at 50. 

Therefore, I believe that the Ethereum price will decline modestly in the first part of May and then start bouncing back since the hawkish Fed situation has already been priced in. Therefore, a bounce to $3,200 can’t be ruled out.

The post Ethereum price prediction for May 2022 appeared first on Coin Journal.

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Kraken opens waitlist for its NFT marketplace

Kraken NFT marketplace will reportedly allow zero gas fees on all NFT trades on the platform.

Major crypto exchange Kraken has announced that the waitlist for its non-fungible token (NFT) marketplace is open.

The announcement, published on Tuesday, comes a few months after the US-based cryptocurrency firm revealed plans to launch Kraken NFT. This will be the crypto exchange’s NFT marketplace that’s being highlighted as a “complete solution” for users seeking to explore, trade and secure NFT collections.

Zero gas fees for on-platform trades

Among the many features, users are set to benefit from when using the new NFT platform is what Kraken says is “zero gas fees” on all trades involving NFTs custodied on the platform.

“Once your NFT is custodied with Kraken NFT, you will not pay any blockchain network fees for trading activity that takes place within our platform,” the Kraken team said in a blog post.

According to the exchange, users will only pay gas fees when they transfer NFTs onto or off the marketplace.

Use cash or crypto

Kraken NFT will offer users access to the buying and selling of NFTs via cash or crypto, whichever the customer prefers. This, according to the platform, will occur via seamless integration of the NFT account with a customer’s Kraken account.

In this way, offers can be listed in fiat currencies such as USD, EUR, and GBP, among others. Users will also have access to over 120 cryptocurrencies.

Other features include multiple blockchain support

Kraken NFT will eventually support several blockchains, but the initial launch, according to the team, will involve Ethereum and Solana support.

Apart from supporting multiple blockchains, the marketplace will also integrate the security protocols and measures applied on the main network to secure the NFT platform.

Meanwhile, NFT creators on the platform will benefit from a reward system that assures them a cut of earnings made in secondary sales. This will work via a feature dubbed Creator Earnings.

Kraken NFT Marketplace will join a list of other NFTs platforms from major cryptocurrency exchanges, including Coinbase, Binance, FTX and KuCoin.

The projects are coming up thick and first as the NFTs space continues to experience rapid growth. The industry saw billions of dollars worth of digital collectibles traded in 2021.

The post Kraken opens waitlist for its NFT marketplace appeared first on Coin Journal.