Schlagwort: crypto business

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Strong whale accumulation pushes Aave (AAVE) over 30% in 2 days

Aave (AAVE) has been surging over the last two days. The coin in fact looks like it’s about to form a bullish divergence that could push the DeFi protocol towards $200. Much of this growth has been driven by whale accumulation and on-chain news. But how sustainable can it be? Here are some details:

  • Aave (AAVE) launched Aave V3, which will enhance capabilities within the ecosystem.

  • Data also shows that whales have accumulated nearly $10 million in Aave (Aave) so far.

  • At press time, the coin was trading at $151, up around 4% for the last 24 hours.

Data Source: Tradingview

Are we seeing a bullish breakout for Aave (AAVE)?

The launch of Aave (AAVE) V3, which was announced on Wednesday, is a huge step. The new protocol is expected to unlock borrowing and other DeFi products within the Aave ecosystem. It will also help optimize gas fees and facilitate cross-chain transactions in the future. 

This news was expected to have a large impact on the price action. But it’s the accumulation by whales that makes AAVE one of the projects to watch. As of now, whales have added nearly $10 million worth of AAVE into their portfolio.

This suggests that there is a lot of confidence in the coin. It is likely that AAVE will continue to surge in the days ahead and could even challenge $200 in the future.

Why should you consider Aave (AAVE)?

Other than whale accumulation, there are still many other factors that make AAVE a decent buy. For starters, it is a highly innovative DeFi protocol that has constantly upgraded its network over the years. 

With DeFi expected to explode in the coming months, it would make a lot of sense to hold tokens like this. Besides, AAVE still remains relatively undervalued compared to other major chains.

The post Strong whale accumulation pushes Aave (AAVE) over 30% in 2 days appeared first on Coin Journal.

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Terra (LUNA) – could surge past crucial overhead resistance – Is $100 coming?

  • LUNA is consolidating between the $85 and $95 range right now.

  • At the time of writing, the coin was trading at $83.88, down around 6% in 24 hours.

  • LUNA must overcome $95 for any run above $100 to materialize.

It’s now the second day in a row that Terra (LUNA) has opened in the red. The coin saw several bullish bursts at the start of March but right now, it seems like it has stagnated. Despite this, LUNA is approaching a crucial overhead resistance zone. Can it break above $100?

Data Source: Tradingview 

Terra (LUNA) – How soon can it hit $100?

For now, it seems like the crypto market is recovering after the brutal volatility of the last few weeks. But the underlying factors that have shifted sentiment towards negative territory are still there. Inflation remains high and geopolitical tensions in Europe could hamper global economic recovery. 

However, there is also a chance that investors may have already priced-in these headwinds in the last three weeks. As for LUNA, the most important thing will be to strike past $95. In recent days, the coin has been within a tight range of between $85 and $95. 

A close above $95 will trigger enough bullish momentum that could take the stablecoin platform above $100. But despite this, momentum indicators, including the RSI are all bearish right now. We may see a drop towards the 50-day SMA of $75 before another surge.

Why is LUNA a good investment?

Terra (LUNA) is a stablecoin platform that has become increasingly integrated into the crypto market. It is also seen as the future of stablecoins and as such, there is massive investment potential here. 

LUNA has been falling sharply in 2022. But it will reverse no doubt. If you have not bought it yet, this is the best time to consider the token.

The post Terra (LUNA) – could surge past crucial overhead resistance – Is $100 coming? appeared first on Coin Journal.

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Celsius expands hackathon series to feature latest talent and blockchain ideas

Celsius, one of the best-known cryptocurrency borrowing and lending platforms in the world, is expanding its hackathon series, PR News Wire reported. This decision was made following the success of its recent NFT Hackathon event, which took place in Serbia.

Exploring adoption of NFTs through Celsius

The Celsius NFT Hackathon took place in the Serbian capital of Belgrade on March 5-6. Its purpose was to explore the adoption and accessibility of NFTs through the Celsius platform.

The hackathon awarded prizes worth $5,000 in total. 21 teams of designers, developers, NFT fans, artists, and gallery owners took part in it.

Easy We C00l, the team who won the event, commented through their spokesperson:

In addition to positive and creative people, mentors, excellent organizations, and gaining new contacts, we also managed to learn about the business side of the solution.

Chikn Degens, who came in second, praised the friendly atmosphere of the hackathon, calling it „well organized.“ According to their statement, it offered „an opportunity to meet and connect with many interesting people.“

Third-ranking BlockOps were also very happy with the event. They said they had fun and met some amazing minds. They hope to be able to keep developing their hackathon idea.

Celsius co-founder and CTO Nuke Goldstein shared his view on the benefits of hackathons:

Hackathons are one way for Celsius to stay close to crypto’s cutting edge. The world is changing fast, and we know that the next great talent or idea can emerge from anywhere.

The platform is actively working on organizing more hackathons worldwide to feature the latest talent and blockchain ideas.

About Celsius

Celsius helps its clients, who number more than a million across the globe, achieve financial independence. This is made possible via instant low-cost loans and a compounding yield service accessible both on mobile and desktop.

Celsius is a blockchain-based feeless platform created on the belief that financial services should only do what is in the best interest of the community and customers. Membership in the platform gives access to customized financial services that are otherwise unavailable through conventional financial institutions.  

The post Celsius expands hackathon series to feature latest talent and blockchain ideas appeared first on Coin Journal.

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GameFi platform DEA announces NFT Presale for new blockchain game “Cookin’ Burger”

DEA has released a new game title and launched an NFT sale that goes went live on 18 March.

Digital Entertainment Asset Pte. Ltd. (DEA) has announced the release of a new blockchain play-to-earn (P2E) game titled Cookin’ Burger. The Singapore-based GameFi platform has also launched an NFT presale for the game’s Shop NFT.

A press release shared with CoinJournal noted that Cookin’ Burger is DEA’s fourth title in the blockchain gaming ecosystem. However, it’s the GameFi platform’s first title from a third party in the company’s PlayMining ecosystem.

What’s Cookin’ Burger?

According to DEA, Cookin’ Burger is a blockchain game that simulates the management of a burger shop. The game is designed to “embody the dream of ‘running your own restaurant’”, Burger Studio CEO Takafumi Kiyota said in a statement.

The gaming experience will involve players taking on multi-tasking roles in a cooking game. Within the game, players will take on the roles of a burger shot staff and compete in serving customers.

DEA plans to officially unveil a beta version of the new game in May, although the Shop NFT presale goes live today 18 March at 11:00 (UTC+8).

In-game  rewards include DEAPcoin ($DEP)

In-game rewards are available when players successfully complete daily missions, weekly events or rank higher on monthly top performer lists. Players will also get a chance to win DEAPcoin ($DEP), an in-game reward token.

The launch of Cookin’ Burger comes as DEA, founded in 2018 in Singapore, looks to dive into the world of gaming finance with a play-to-earn (P2E) game and NFT marketplace.

The post GameFi platform DEA announces NFT Presale for new blockchain game “Cookin’ Burger” appeared first on Coin Journal.

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ApeCoin is going to the moon, up 1,400%: here’s where to buy ApeCoin

At the time of writing, ApeCoin was trading for just under $16 with a 24-hour trading volume of an impressive $7.4 billion. Yesterday, the token was listed on eToro.

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

Top places to buy ApeCoin now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy APE with eToro today

What is ApeCoin?

ApeCoin is an ERC-20 utility and governance token used to encourage decentralized community building as web3 approaches. ApeCoin was created by Yuga Labs, who are also behind the Bored Ape Yacht Club project, which hardly needs an introduction.

ApeCoin was created to serve within the growing APE ecosystem, which is backed by the APE Foundation.

ApeCoin holders vote on how to use the ApeCoin DAO Fund and govern themselves via the decentralized governance framework controlling the ApeCoin DAO. Holders agree on proposals and the APE Foundation administers these.

The goal of ApeCoin DAO is to develop and maintain the APE Ecosystem in a way that is just and inclusive, giving ApeCoin holders an infrastructure to cooperate through permissionless, open governance processes.

ApeCoin also gives ecosystem participants an open and shared currency to be used without centralized middlemen. The Ecosystem Fund receives 62% of all ApeCoin to support community initiatives.

Last but not least, ApeCoin gives access to certain components that are otherwise inaccessible, such as exclusive services and games. It is a tool for third-party developers to take part in the ecosystem by incorporating the token into games, services, and other projects.

Should I buy ApeCoin today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. Learn more about buying ApeCoin in our comprehensive guide here!

ApeCoin price prediction

According to Wallet Investor, ApeCoin is a bad, high-risk short-term investment option. They believe any investment made in the coin now will be devalued in the future.

However, Digital Coin Price is quite bullish on the coin. Below is their price prediction for the next five years:

  • 2022: Up to $21.70
  • 2023: From $20.34 to $24.63
  • 2024: From $18.69 to $28.26
  • 2025: From $26.52 to $30
  • 2026: From $24.85 – $31.63

ApeCoin on social media

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