Schlagwort: crypto business

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Polkadot (DOT) could swing up by 25% in the coming days – Here is why

It’s been a rollercoaster of emotions in the crypto market over the last few days. With increasing volatility, it’s become virtually impossible to call this market. As you would expect, Polkadot (DOT) has been swinging up and down too but there is some upside now for decent growth. Here is what we know.

  • DOT is approaching a crucial demand zone that could trigger a decent bullish run.

  • The coin was trading at $16.88 at the time of writing this post.

  • DOT could swing up by 25% if indeed it hits that zone.

Data Source: Tradingview 

Polkadot (DOT) – Price analysis and prediction

After experiencing periods of high volatility, Polkadot (DOT) appears to be approaching a very crucial demand zone of between $11 and $15. This has been a crucial zone for bulls, and at the moment, DOT is slightly above that, trading at around $16.88. 

If indeed the coin falls between that threshold, we are likely to see a decent surge that could push the price action above $20. This will represent gains of nearly 25% from the current price. 

But this thesis will be invalidated if DOT manages to stay above the $15 mark. While this is possible, we do not think it is likely. The market is seeing a lot of price movements, and in fact, DOT appears to be on a downtrend right now.

Is Polkadot (DOT) a good buy?

Polkadot (DOT) is one of the most promising Ethereum scaling solutions in the market. It is such a popular asset as well. If you want long-term crypto that will deliver value for years to come, DOT is a decent buy. But if you want to really get in on a discount, give it a few days until it gets within the $11 and $15 range.

Want to learn how to safely invest in Polkadot? Check out our comprehensive Polkadot buying guide here or purchase from our recommended platform below!

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The post Polkadot (DOT) could swing up by 25% in the coming days – Here is why appeared first on Coin Journal.

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Yearn Finance is rapidly reversing losses: best places to buy YFI now

After an extended series of losses that threatened to expel Yearn Finance’s native token YFI from the top 100 biggest coins by market cap, it has finally started to regain value.

If you want to know what Yearn Finance is, if it’s worth buying, and the best places to buy its token YFI now, you’ve come to the right place.

Top places to buy YFI 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 YFI with eToro today

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy YFI with CAPEX today

What is YFI?

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

After its launch in February 2020, it saw huge growth as new products debuted and developers released in-house token YFI.

Yearn.finance makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.

Should I buy YFI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

YFI price prediction

Long Forecast anticipates a bull run until 2024, when the coin will trade between $25,867 and $22,299.

Coin Price Forecast predicts YFI will trade for $28,666 at the end of this year, around $8,000 more than it’s worth now.

In the first half of next year, the Yearn Finance price will reach $29,416, then drop down to just below $26,000 in the second half.

YFI on social media

The post Yearn Finance is rapidly reversing losses: best places to buy YFI now appeared first on Coin Journal.

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EOS falls below crucial support zone – Here is why we will see more weakness

EOS (EOS) has been on a downtrend for the most part of this year. The coin managed to see a few rallies, but the general trend has been on the south. The coin has recently fallen below a crucial support zone. Here is what we know so far:

  • EOS has fallen below $2.09, a crucial support zone over the last few days.

  • The coin was trading at $1.95 at press time, down around 4%.

  • We expect EOS to retreat towards $1.85 before its next leg up.

Data Source: Tradingview 

EOS (EOS) – Will the downward trend reverse

There were some signs last month that EOS had started to turn a corner. The coin in fact rallied quite significantly, at some point testing the $3 mark. But things have not been smooth sailing ever since. As the crypto market comes under severe pressure, we have seen EOS drop even further. 

However, most analysts were looking to see if the token would hold the $2.09 support zone. While bulls tried to defend this threshold fiercely, the weakness was just too much. As a result, EOS is now trading at $1.95, and we expect weakness to continue in the coming days. 

The token is likely to fall and start consolidating at around $1.85 before it finds its next leg up. But if bulls are not able to defend $1.85 sufficiently, we may see further drops in the near term.

Why you should buy EOS?

EOS (EOS) is a highly scalable blockchain that is used to launch and deploy decentralized applications. With a market cap of around $1.9 billion, it is indeed a promising long-term project that could offer immense value for any investor. 

Even though EOS has seen some weakness in recent days, the long-term outlook, especially over a year or so, still remains very good.

Want to learn how to safely invest in EOS? Check out our comprehensive EOS buying guide here or purchase from our recommended platform below!

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Currency.com donates $1M to Ukraine

Dynamically growing international crypto exchange Currency.com announced it has donated a total of $1million to support Ukrainians during the humanitarian crisis in their country, the exchange posted on its website. Currency.com has transferred the funds immediately.

Funds distributed to 4 charities

The funds will be distributed to ASAP Rescue, The Red Cross Society of Ukraine, Global Giving, and the Humanitarian Relief Fund under the Ministry of Social Policy.

Steve Gregory, US Chief Executive Officer of Currency.com commented:

Our hearts go out to the citizens of Ukraine who are engulfed by this war. Many have had to flee their homes amid freezing temperatures, power cuts and food shortages. Every day is a struggle to survive. We want to help where we can.

Exchange contributes half a million to emergency relief

Currency.com is contributing $500,000 to support the Red Cross Society of Ukraine and the country’s health ministry’s joint emergency relief efforts. The money will be used to buy basic amenities and provide medical aid to displaced Ukrainians.

$300K to be spent on food and shelter, $200K on evacuation

The rest of the funds will be distributed as follows: Currency.com will donate $300,000 to the Ministry of Social Policy and Global Giving to help people get access to food, shelter and medical care.

The last portion of $200,000 will be donated to ASAP Rescue, a Ukrainian volunteer organisation that helps evacuate residents during times of social turmoil or when natural disasters strike.

Gregory added:

Like everyone in the world, we are extremely concerned about the shocking events taking place in Ukraine. As a global company with an international team, we feel it is our duty to help those impacted by this war. We will continue to monitor events closely and stand ready to provide additional support to the people of Ukraine.

 

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Waves continues to rally, up 10% in 24 h: here’s where to buy Waves

The live Waves price today is $22.53 with a 24-hour trading volume of $1.7 billion. Waves is up 10.55% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Waves, this guide is for you.

Top places to buy Waves now

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

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

What is Waves?

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.

Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.

The platform has undergone various changes and added new spin-off features to build on its original design.

Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards. The ecosystem was created by Ukrainian-born scientist Alexander Ivanov, whose nationality is one of the main reasons for the token’s extended rally.

Should I buy Waves 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.

Waves price prediction

Wallet Investor is bullish on Waves. They expect a long-term increase. In March 2027, 1 WAVES will trade for $77. A 5-year investment will generate revenue of around +242%. If you invest $100 in WAVES now, you might have $342 in 2027.

Waves on social media

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