Schlagwort: crypto business

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Terra (LUNA) pumps 210%: following in the footsteps of its sister asset LUNC

Terra LUNA has today surged by over 210%. At press time, LUNA was trading at $6.01 and up 211.40% in the last 24 hours. The sudden surge has stunned the crypto community, especially going by the current crypto market conditions.

The sudden price pump that has unfolded in the past few hours has seen LUNA jump to position 56 among the largest cryptocurrencies by market cap. It was previously ranked at position 205.

Today’s price surge sets Terra LUNA right behind its sister asset, Terra Classic (LUNC), which has risen by 360.0% over the past 30 days.

Prior to today’s price surge, the price of LUNA had consolidated at the $1.9 level for months.

Terra Classic (LUNC)

Terra Classic has displayed a magnificent rally in the past two weeks although the rally currently appears to have hit some handles since it has begun shedding some of the gains it had made.

At press time, LUNC was trading at $0.0004519 down 11.59% in the past 24 hours. It had hit a high of $0.0005843 some days past.

While LUNC’s rally is backed by an array of proposals by its community with the most recent being the 1.2% tax burn, there is no concrete reason behind today’s LUNA rally which doesn’t seem to be stopping any time soon.

The post Terra (LUNA) pumps 210%: following in the footsteps of its sister asset LUNC appeared first on CoinJournal.

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Single whale sends Polymath price skyrocketing: here’s where to buy polymath coin

A single whale transfer has pushed the price of the Polymath (POLY) coin up by 144%. POLY has however eroded almost half of the gains. At press time, it was trading at $0.263 down from a daily high of $0.4409.

WILD-DOG a CoinMarketCap community member said:

“$POLY – Pumping triggered by a single whale.. not a gradual onset. Momentum continued by innocent victims.. Whale pulls 100% their investment. You are trapped! and waiting for a hope that there will be another bull run. Your investment gradually drained down the toilet.”

To help traders who want to take advantage of the Polymath pumping, Coinjournal has prepared this brief guide on where to buy the POLY coin.

To find out more, please continue reading.

Best places to buy Polymath (POLY) coin

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 POLY with Binance today

Bitfinex

Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

Buy POLY with Bitfinex today

What is Polymath?

Polymath is a platform that provides the technology to create, issue, and manage security tokens. It is the one that spearheaded the creation of Ethereum-based ERC 1400 tokens and there are over 200 ERC 1400 tokens that have been deployed using Polymath.

Polymath built its own blockchain called Polymesh whose native token is Polymath (POLY). The main aim of Polymath through Polymesh is to create an ecosystem that allows blockchains to meet the regulatory requirements of capital markets.

Should I buy POLY today?

If you want to invest in a bullish cryptocurrency, then POLY could be a good choice.

However, it is important to take note of the sudden pullback that occurred immediately after the sudden price pump. Also, the cryptocurrency market is extremely volatile, and you should trade with caution.

Polymath coin price prediction

Analysts predict that Polymath will try hitting $0.5 once it corrects the current bearish pullback that is currently at play.

$POLY social media trends

 

The post Single whale sends Polymath price skyrocketing: here’s where to buy polymath coin appeared first on CoinJournal.

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Here’s why OKB price is going parabolic and what next

OKB price has made a strong recovery on Friday as investors react to the company’s marketing incentives. The coin jumped to a high of $17.30, which was the highest level since August 26. It has jumped by more than 23% from the lowest level this month, bringing its market cap to over $990 million.

What is OKB and why is it rising?

OKX is a leading exchange that has a strong market share around the world. The company handles over $2.5 billion in the spot market on a daily basis. It also handles over $21 billion in derivatives, making it the second-biggest player after Binance, which handles more than $61 billion.

OKB is the native token for the ecosystem. Like other centralized exchange tokens, OKB is used to reward holders and provide discounts to traders. As part of its value creation, OKX uses 30% of income from the com[[any to buy back OKB from the 300 million that are in circulation. At the same time, they burn tokens after every three months. 

OKB price has rallied this week after the company announced a new campaign to popularize the exchange. The new campaign is known as ‘what is OK’ and will run in some of the best-known platforms globally. In line with this, the company will use Daniel Ricciardo, Pep Guardiola, and Scotty James.

The company hopes that the new campaign will make the brand more popular outside Asia, where it is not well known. In a statement, the Chief Marketing Officer (CMO) of the company said:

“It is now time to introduce OKX to the rest of the world. In the current climate, investors need an exchange that delivers a safe and responsible trading platform, while also offering them a very broad range of ways to pursue their own brand of financial liberty.”

In addition, OKX launched a new global content competition that will give YouTube and Twitter creators a chance to share $100k pool.

OKB price prediction

The four-hour chart shows that the OKB price made a spectacular comeback on Thursday. The token rose to a high of $17.33, which was the highest point in weeks. As it rose, the coin managed to cross the 25-day and 50-day moving averages while the MACD has moved above the neutral point. 

The pair seems to be forming a bullish consolidation pattern. Therefore, there is a likelihood that the coin will keep rising as buyers target the next key resistance at $20.

The post Here’s why OKB price is going parabolic and what next appeared first on CoinJournal.

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SEC has authority to crackdown on crypto securities, Gensler says

The SEC chair wants to see cryptocurrency exchanges and brokers register with the agency.

Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC) has once again reaffirmed the agency’s desire to see more crypto companies – exchanges, brokers and so forth – embrace regulation as a step towards consumer protection.

SEC has authority to regulate crypto securities

In a Thursday commentary that Bloomberg reported on, the SEC boss noted that even as they pursue greater involvement and hence accountability from those within the crypto industry, the securities watchdog is already in a position to regulate the space.

According to the regulator, most cryptocurrencies fall under the agency’s regulatory purview by dint of a security’s legal definition. As such, it calls for crypto exchanges, brokers and other providers to embrace compliance.

He said the public within the crypto space deserve to have and enjoy the same protections from crypto issuers as do consumers investing in traditional securities. The comments are not new, with Gensler outlining this same sentiment following the Terra collapse and Three Arrows Capital demise.

He reiterated this perspective in comments that highlighted Bitcoin as a commodity. He repeated the message today as noted by MicroStrategy’s Michael Saylor in a comment shared on Twitter.

The SEC chair also commented on non-compliance and what looks like a reluctance by many to pursue the regulatory goal.

“Not liking the message isn’t the same thing as not receiving it,” the SEC chair said in remarks delivered at a regulatory event in Washington.

The post SEC has authority to crackdown on crypto securities, Gensler says appeared first on CoinJournal.

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Is Ethereum getting to $2,000 as Chainalysis predicts explosive post-merge growth?

  • Chainalysis has projected a strong price rally of Ethereum post-merge

  • The soft date for the Merge is on September 19

  • Ethereum is gaining and looks set back to $2,000 

Ethereum ETH/USD will lead other cryptocurrencies in price after the Merge, according to Chainalysis data. The on-chain analysis firm says the yields that will come after the Merge will attract institutional investors. Chainalysis says increased institutional entry could see Ethereum challenge Bitcoin for the top spot.

Amid the Chainalysis report, the Ethereum ecosystem has been growing thanks to the expected Merge. Institutional stakers have grown from just 200 in January 2021 to top 1,000 at the end of last month. The increased institutional flow indicates growing trust in the blockchain post-merge. 

Ahead of the Merge, which is expected around September 19, Ethereum is recovering. At press time, the cryptocurrency was trading up 8.12% in 24 hours and clinging to $1,630. Ethereum developers finalized the first of the two-step process in the Merge on September 6. That could be giving the bullish boosts being witnessed currently.

Ethereum initiates recovery ahead of the Merge

Source: TradingView

Technically, Ethereum lacks a directional movement after a 50% retracement from the $2,000 level. Still, the price can be considered bullish in a wide bearish market. The 20-day moving average has joined the support. The token is still below the 50-day MA. The RSI shows that ETH is neither overbought nor oversold. 

Summary

While Ethereum is gaining momentum ahead of the expected Merge, it lacks a directional movement. We cannot tell with certainty that the price will rise to $2,000 in the next few days. Nonetheless, with the benefits of the expected Merge, Ethereum remains a cryptocurrency to hold. Investors should monitor the price movements to buy potential retracements.

The post Is Ethereum getting to $2,000 as Chainalysis predicts explosive post-merge growth? appeared first on CoinJournal.