Schlagwort: crypto business

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Top-rated cryptocurrencies to consider for daily active traders

Day trading crypto is very easy these days. The crypto market is after all filled with lots of derivatives. It is estimated that the daily volume in the crypto derivatives market is more than $3 trillion. With these numbers, it’s no wonder many traders are using these assets. Here is why day trading crypto makes sense:

  • The market offers very high volatility daily.

  • You do not need a huge account to day trade crypto.

  • There is a massive variety of crypto assets to day trade.

Well, in case you are not sure which assets are perfectly ideal for an active crypto day trader, the suggestions below should help:

Dogecoin (DOGE)

As far as volatility goes, very few can measure up to DogeCoin (DOGE). As one of the leading meme coins, DOGE also has massive trade volume thanks to its market cap of around $17 billion. 

Data Source: Tradingview 

With that in mind, the price action on DOGE will always fluctuate by a large extent on a regular basis. This gives active day traders a huge range of entry points to profit from DOGE. But there are of course, certain risks that come with highly volatile assets. Make sure you employ proper capital management.

ThorChain (RUNE)

ThorChain (RUNE) is not nearly as big as DOGE, but it still has excellent volume. This is a coin that has a market cap of $1.2 billion. Therefore, RUNE typically exchanges hands a lot of times on any given day, making it a decent target for a day trader. The coin is also known for high volatility as well.

Ethereum Classic (ETC)

With a daily market cap of around $3.7 billion, incredible name recognition, and significant circulating supply, Ethereum Classic (ETC) is also a great fit for active day traders. It is a bit expensive though, since one coin right now sells for around $27. But it should be worth it.

The post Top-rated cryptocurrencies to consider for daily active traders appeared first on Coin Journal.

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The Best borrowing and lending crypto protocols to consider as an investment

DeFi is no doubt the next big thing, and the blockchain industry is offering the infrastructure needed for that. Lending and borrowing are two big parts of the DeFi ecosystem. The good news is that there are certain projects in this area that offer very good prospects. Here is why lending and borrowing protocols matter:

  • Lending and borrowing are at the heart of DeFi right now.

  • There is a huge demand for these protocols as people transition from traditional CeFi.

  • Most of these projects are also grossly undervalued.

So, if you are not sure which lending and borrowing protocols you can invest your money in, here is a list to consider:

Aave (AAVE)

Aave (AAVE) is one of the leading DeFi protocols in the market right now. The platform is designed to act as a liquidity provider for exchanges across the crypto-verse. Users simply deposit their crypto assets in liquidity pools which are then used to provide liquidity in the market where it’s needed. 

Data Source: Tradingview 

The users then earn a percentage of the transaction fees charged by these exchanges. Aave (AAVE) has grown immensely over the years. At the time of writing this post, this coin was trading at $140 with a market cap of around $1.9 billion.

PhoenixDAO (PHNX)

In case you are looking for an untapped asset in the lending and borrowing space, then PhoenixDAO (PHNX) is a huge bet. The coin is relatively small in fact, right now it has a market cap of just $1.8 million. This is a project that could realistically grow 10x easily. There are also plans to add more functionality to the Phoenix ecosystem in the near future.

Venus (XVS)

Venus (XVS) is an automated market maker protocol designed to provide liquidity in the market. It works the same as Aave. The coin has a market cap of $107 million and is trading at $9 at the moment. It is worth looking at.

The post The Best borrowing and lending crypto protocols to consider as an investment appeared first on Coin Journal.

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Why has Terra (LUNA) jumped 13% today?

Once again, the price of Terra (LUNA) is has soared past $55 as it attempts to regain a bullish trend.

At the time of writing, it was trading at $61.56 up 13.18% in the last 24 hours and it has hit a daily high of $63.99 and a daily low of $52.71.

Why Terra (LUNA) is surging?

One of the main reasons for Terra (LUNA) price surge is the recent raising of $1 billion by Luna Foundation Guard (LFG) through an over-the-counter sale of LUNA to form a UST reserve in Bitcoin.

For a background, LFG is a non-profit organization that was launched in early January 2022 to facilitate Terra ecosystem growth.

Some of the participants of the LUNA sale include the Three Arrows Capital, Jump Crypto, DeFiance, Tribe Capital, GSR, and Republic Capital among others.

Claims are that LFG chose Bitcoin-dominated Forex Reserve because it is less correlated to the Terra ecosystem.

How the UST reserve works

Terra native stablecoin UST is a popular algorithmic stablecoin in the DeFi ecosystems that does not use collateral to maintain its price and is the first of its kind and it has a market capitalization of more than $22 billion.

According to Terra:

“When the demand for Terra is high and the supply is limited, the price of Terra increases. When the demand for Terra is low and the supply is too large, the price of Terra decreases. The protocol ensures the supply and demand of Terra are always balanced, leading to a stable price.”

New Terra-based stablecoins can be minted by burning LUNA tokens or burning UST to mint LUNA. But the challenge is the hypothetical risk of a ‘bank run’ Scenario and its reflexive nature.

Concerning the choice of Bitcoin as a reserve asset, LFG said:

“Although the widespread adoption of UST as a consistently stable asset through market volatility should already refute this, a decentralized Reserve can provide an additional avenue to maintain the peg in contractionary cycles that reduces the reflexivity of the system.”

The post Why has Terra (LUNA) jumped 13% today? appeared first on Coin Journal.

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Realm teams up with Alkimi to bring Ads into the Metaverse

  • Realm users can tap into decentralised ads and earn as they experience the metaverse.
  • The partnership will allow players to opt-in or opt-out as they wish.

Realm has teamed up with decentralised advertising exchange Alkimi Exchange to bring fraud-free and transparent advertising to the play-to-earn platform’s Metaverse.

Built on Constellation’s Hypergraph, Alkimi aims at bringing value exchange to advertisers, publishers and players within the industry.

The partnership, according to the press announcement, sees Realm and Alkimi align the core values of ensuring a sustainable advertising environment. The collaboration allows Realm to use the Hypergraph-based platform’s technology to incentivise players, making it easy to earn from advertisements.

Growth within the metaverse has seen major brands and providers seek to leverage the technology to reach potential customers.

As the branded partnerships explore the ads, players can choose to opt-in or out, with access to “custom, branded content” or retain control over their data.

“Realm partnering with Alkimi enables us to tap into revenue streams from existing advertising formats, then share that revenue with the player that created the data in a transparent way,” Realm co-founder and CEO Matthew Larby said.

Creating a personalised NFT microverse

Realm’s mobile-first, play-to-earn (P2E) platform provides for a metaverse environment where gamers and artists have the unique opportunity to create a non-fungible token (NFT) collection in ‘realm.’

It is thus possible for a player or artist to create a personalised NFT microverse with all their unique music, art, and games. Users can then mint a whole metaverse world as an ERC-1155 NFT that would be tradable on the OpenSea marketplace.

Realm also offers a platform where players can explore the NFT space, allowing them to discover, trade, and collect NFTs.

The post Realm teams up with Alkimi to bring Ads into the Metaverse appeared first on Coin Journal.

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Bware Labs raises $7M in funding

Bware Labs, a startup creating a platform for decentralized API infrastructure, connecting blockchain data consumers to nodes supplied by independent providers, has raised a total of $7 million after a $6 million follow-up funding round, Coin Journal learned from a press release. 

Investors include Infinity Ventures Crypto, Woodstock, Hypersphere Ventures, Blizzard, Figment, Axia8, Kosmos Ventures, Impossible Finance, Coingecko Ventures, Connext, and others. 

Among those in the previous round were GBV, Spartan Group, and Morningstar Ventures, who also took part in the recent one. 

Eliminating reliance on centralized node operators

Bware Labs aims to resolve a common issue: today, most infrastructure relies on centralized node operators to interact with the blockchain. There are such services on major blockchains, such as Infura on Ethereum (ETH/USD), a traditional company accepting payment in fiat.

Performance and reliability without compromise

Bware Labs also aims to solve problems with unreliable blockchain access. Its end goal is to ensure reliability and performance without compromise, exceeding the standards set by its centralized competitors.

In a first for the industry, node providers will be incentivised by being allowed to stake BWR tokens for rewards and getting a share of the platform revenues.

Viable data streams via RPC, WebSocket

Users will avail of high quality service via geographical node distribution, which will ensure viable data streams via RPC, WebSocket, or traditional HTTP REST protocols depending on the chain supported.

Flavian Manea, CEO of Bware Labs commented:

We are very excited to have finalized this investment round, for two main reasons: One is about the strength we brought into our team, by onboarding experienced investors, from both crypto and traditional finance, big tech projects and fellow infrastructure players. The other reason is related to our company’s growth and the expansion of our tech offering which can now happen at an accelerated pace due to the financing we were able to secure and the support of our investors.

Brian Weaver, Engineering Manager at Hypersphere added:

Hypersphere is excited to partner with Bware Labs on this opportunity. The team’s expertise and vision will enable builders to focus on developing multi-chain applications while eliminating much of the costly infrastructure overhead. Bware has built a strong team of experts who are capable of meeting the requirements of today’s projects while simultaneously scaling to meet the needs of future chains and customers.

Lydia Chiu, Vice President of Business Development at Ava (AVAX/USD) Labs said on behalf of Blizzard:

Bware Labs is playing a key role in expanding and hardening the infrastructure available to builders across the Avalanche community. We look forward to seeing its team and technology take the next leap forward.

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