Schlagwort: crypto business

Veröffentlicht am

Cosmos is rallying again, up 6% today: here’s where to buy Cosmos

The live Cosmos price today is $34.11 with a 24-hour trading volume of $1.8 billion. The 19th biggest coin by market cap has gained 6% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Cosmos, this guide is for you.

Top places to buy Cosmos 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 ATOM with eToro today

Skilling

Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. Skilling offers a selection of trading platforms, including the proprietary Skilling Trader and popular, industry renown cTrader and MetaTrader 4 platforms, which can suit the needs of customers with different levels of trading experience.

Buy ATOM with Skilling today

What is Cosmos?

Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry.

It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps.

An Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other, preventing fragmentation in the industry.

Should I buy Cosmos 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.

Cosmos price prediction

Most analysts are bullish on Cosmos. According to Wallet Investor, the average price might be $48.12 by February next year and $131.2 in 2027.

Digital Coin Price forecasts an average price of $43.1 this year, moving up to $50.1 in 2023, $68.5 in 2025 and $151 in 2030.

Cosmos on social media

The post Cosmos is rallying again, up 6% today: here’s where to buy Cosmos appeared first on Coin Journal.

Veröffentlicht am

What are Cardano’s prospects after the first network upgrade for 2022?

Cardano is in a correction, but fundamentals are getting better

  • Cardano is in a correction as the broader crypto market eases up after the end of February rally. 

  • Cardano’s core fundamentals are getting better as three upgrades are set to make Cardano better for Dapps.

  • One of the upgrades recently implemented triggered a 12% price rally.

Cardano (ADA) is one of the biggest platform blockchains by market capitalization. While it has been a work-in-progress for the last couple of years, Cardano’s core metrics are stronger than many of its competitors. 

One of the factors that make Cardano stand out is its security. Cardano’s Ouroboros Proof-of-Stake algorithm is the first provably secure Proof-of-Stake algorithm. This is an essential metric because with most financial applications now moving to the blockchain, it could be catastrophic if they run on unsafe blockchains. It’s part of why Ethereum continues to dominate the DeFi market despite its obvious cost and scalability issues. 

While Cardano is yet to gain mass adoption, things are looking pretty positive. Several big projects, including a Metaverse project, are coming to Cardano. Besides, the Cardano team has announced several significant updates that could help propel Cardano forward in 2022. 

Cardano technical updates could trigger a price rally

The IOHK had scheduled three major updates for 2022, which have already been effected. One of the updates it has implemented is the introduction of light wallets and a Dapp store. The goal is to make Cardano run more efficiently now that it has already introduced smart contracts.

The announcement saw ADA shoot up by over 12%. It’s an indicator that as the other updates are introduced, investors expect the Cardano blockchain could run even more efficiently. Some of the scheduled updates include the introduction of side chains for even better scaling and a solution that will help with synchronization. 

Cardano trading in a bearish channel 

Source: TradingView

Cardano is currently trading in a bearish channel though volumes are low. In the past 24-hours, Cardano has broken through the 100-day moving average at $0.9271, and the selloff is accelerating. 

If Cardano breaches $0.90, prices below $0.85 could be a reality in the short term. On the other hand, if there is a reversal and Cardano pushes through the 50-day moving average at $0.9495, it could be a good signal for prices above $1 in the near term. 

Summary 

Cardano is working on three major upgrades expected to make it more attractive to Dapps developers. However, like the rest of the market, Cardano is currently in a minor correction after a rally in late February.

The post What are Cardano’s prospects after the first network upgrade for 2022? appeared first on Coin Journal.

Veröffentlicht am

Anchor Protocol’s ANC pares gains after 22% jump, analyst says upside might not be over yet

Anchor Protocol’s rally of more than 22% in early trades Thursday isn’t anything new in the crypto space, yet it might be for this Terra (LUNA)-based decentralised finance protocol.

ANC, the governance token on the Anchor network has skyrocketed by more than 77% in the past 7 days and was up more than 22% intraday today before paring some of the gains.

Looking at the token’s price movement, we see it traded just above $1.34 on 3 February 2022. Fast forward to today, ANC hit a high of $4.95 against the US dollar, buoyed by massive buying pressure for the token likely due to the potential rewards from staking it at an up to 32.69% APY (annual percentage yield) on Binance.

Another token, Highstreet (HIGH) attracts up to 40.19% APY, although HIGH is down more than 6% in the past 24 hours.

ANC pares gains after 22% rally

Anchor Protocol’s token was trading around $4.59 at press time, having shed some of the early gains seen today. However, it’s still impressively outshining other tokens by a +15% return on the day.

Can ANC price go higher? Probably, especially if buying pressure remains intact amid the scramble to lock tokens for the staking rewards. Notably, though, the upside also highlights the reality of crypto markets- assets are highly volatile and what was rocketing today could plummet with the bleep of a second.

But given the positive outlook for the Terra blockchain ecosystem after its recent $1 billion Bitcoin-denominated reserves for the dollar-pegged TerraUSD (UST) stablecoin, things could be even rosier for ANC short term.

According to one analyst, Javon Marks, also thinks ANC price is not done with the upside path for now. According to him, the likelihood of going all the way to above $6.00 is possible if bulls hold the support level at $3.96.

“ANC’s 9h chart remains on EXTREME ALERT as technically, there is MORE! ANC being above $3.96 allows for it to have no resistance level until the target at $6.61! This means, Anchor Protocol is setup to climb over 30% more to reach $6.61 and looks to be in the process,” Marks said as ANC/USD climbed above the $4.00 level.

ANC reached its all-time high of $8.23 on 19 March 2021.

The post Anchor Protocol’s ANC pares gains after 22% jump, analyst says upside might not be over yet appeared first on Coin Journal.

Veröffentlicht am

Ukraine cancels airdrop amid phishing attempt

The Ukrainian government has canceled a planned crypto airdrop as the Russian invasion continues. With it, devious hackers have pounced again.

Twitter users identified the newly minted token Peaceful World (WORD) token distribution from Ukraine’s Ethereum wallet as a potential phishing scam.

Hackers trying to spoof WORD

Ukraine’s Ethereum wallet seemed to distribute a newly minted token, but suspicions have emerged that hackers were trying to spoof the token in a scam.

Mykhailo Fedorov, the country’s deputy prime minister and minister of digital transformation, made the announcement on Twitter via his verified account today. He tweeted:

After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the aggression.

Country to support its armed forces via NFTs

Fedorov said Ukraine would announce non-fungible tokens (NFTs) to support its armed forces, but pointed out the country has no plans to issue such.

The country officially announced the airdrop on Wednesday, after which government officials released no further information and made no announcements regarding the event, which had been slated for Thursday.

Goal of drop was to reward donors

Yesterday’s announcement indicated the purpose of the initiative was to reward crypto donors. After the intervention of malevolent third parties, the much-anticipated event fell through.

Crypto donations to Ukraine total $30M

Ukraine has raised around $30 million since it started accepting crypto donations about a week ago, Fedorov’s most recent update on Telegram shows. 

They have been raising money via Bitcoin, Ethereum, Polkadot, and other altcoins like Dai, Candle, Dogs of Elon, and more. Funds are also being raised in stablecoins like Tether and USDC.  

Etherscan data shows the Ukrainian Ethereum wallet has officially received crypto assets worth over $15.9 million, with Ethereum (ETH) only accounting for about $8.1 million. The rest is in the form of the above-mentioned stablecoins and altcoins.

Ukraine was at the forefront of crypto adoption

Before the invasion, Ukraine was a pioneer of crypto. It also became the first country in the world to officially ask for donations in crypto. The hryvnia has crashed and the invasion has impacted electronic payments adversely as well. 

 

The post Ukraine cancels airdrop amid phishing attempt appeared first on Coin Journal.

Veröffentlicht am

Ignite secures $10M of funding

Ignite Tournaments secured a total of $10 million in funding from strategic investors to create the first mobile play-to-earn (P2E) esports tournament and streaming platform in history, CoinJournal learned from a press release.

Yield Guild and Animoca Brands led crucial investment rounds

The funds were raised in two crucial investment rounds. The first, a $3 million seed round, was co-led by Yield Guild Games and Ascensive Assets. Ignite also closed a $7 million strategic round in February 2022, co-led by Animoca Brands, Infinity Ventures Crypto, and Moon Holdings Fund.

These notable investors bring decades of experience in the traditional and blockchain gaming industry. Robby Yung, CEO of North American Operations for Animoca Brands commented:

Animoca Brands has built its success by investing in and partnering with projects with strong fundamentals both in and out of the gaming industry. It is under this exciting context that we are eager to both invest in as well as to explore integrating our games with Ignite Tournaments.

Thomas Vu, Former Head of Creative and Franchise at Riot Games and Partner at Moon Holdings Fund, added:

We are bullish on Ignite Tournaments. When I led multiple strategic efforts at Riot Games, I always thought that a ‘plug-and-play’ tournament would benefit players. It was inevitable that someone would build such a platform. I am delighted to see what Krystal and Tony have built, and look forward to supporting them in play-to-earn and traditional gaming.

Transforming esports

Ignite Tournaments will lower the entry barrier for gamers worldwide by providing the tools of P2E tournament organization. Payouts are made in NFTs and cryptocurrency. You can stake to earn additional rewards. Ignite is also working on developing web 3.0 infrastructure to improve esports payouts.

Brian Lu, Venture Capital Investor at Infinity Venture Crypto concluded:

It’s clear to me as both a former competitive gamer and VC investor that Ignite Tournaments will completely transform competitive mobile gaming. I am co-leading this round because I want to see Ignite Tournaments add that immense value to all games worldwide; to both IVC’s game portfolio and beyond.

The post Ignite secures $10M of funding appeared first on Coin Journal.