Schlagwort: crypto business

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Dusk Network (DUSK) Surges Over 70% In the Last 7 Days – Time to Buy?

Dusk Network (DUSK) has been one of the best crypto performers over the last week or so. The token has seen massive surges and is expected to maintain some of this momentum in the coming days. But is DUSK a worthy buy in the long run? Is this the perfect time to get in? The analysis is below but first some highlights:

  • The Dusk Network (DUSK) has seen gains of nearly 70% over the last 7 days, making it one of the best performers in crypto right now.

  • At the time of reporting, the token was trading at around $1.05, up about 8% in 24 hours

  • DUSK also saw surges in its trading volume, increasing by over 60% in 24 hours.

Data Source: Tradingview

Dusk Network (DUSK) – price prediction and analysis

It’s been a superb 7 days for Dusk Network (DUSK). After falling behind for the most part of January, the token is rebounding sharply, earning nearly 70% in value over the last week. DUSK has also managed to surge past the crucial psychological threshold of $1. 

At the time of writing, the coin was trading at $1.05, up about 8% in intraday trading. DUSK also has a reported market cap of about $404 million. There is therefore quite some potential for it to grow further albeit it is still outside the top 100 cryptos.

Is it a good time to buy Dusk Network (DUSK)?

Dusk Network is a programmable blockchain for confidential securities. It is designed to offer privacy and speed for financial applications, making it a very unique protocol in the DeFi space.

DUSK also has a scalable public infrastructure and offers the highest levels of privacy. With these incredible features, it is expected to be big no doubt. If you have not bought into it already, it’s time to get in albeit the price is quite high at the moment.

The post Dusk Network (DUSK) Surges Over 70% In the Last 7 Days – Time to Buy? appeared first on Coin Journal.

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Fantom (FTM) hits new all-time highs – Is it the right time to buy?

Fantom (FTM) has been surging over the last few days. The Ethereum competitor in fact managed to cross above $3.4, hitting an all-time high in the process. But is it the right time to buy Fantom? How far can this uptrend momentum go in the near and long term? Here are some highlights:

  • Fantom (FTM) has outperformed almost all major cryptos, gaining a whopping 35% over the past week.

  • The token did fall slightly from its all-time high and was trading at $3.22 at the time of writing.

  • Total Value locked on Fantom (FTM) has surged to $7.75 billion, a 26% jump over 7 days.

Data Source: Tradingview.com 

Fantom (FTM) – Price action and prediction

Fantom (FTM) has often been described as an underrated project that is going to surprise many. Despite a slow start in 2022, the altcoin has held steady and is now charting an upward trajectory. 

Weekly gains stand at 35%, the best in the entire market. But it is the total value locked or TVL that is attracting a lot of interest. Last week, Fantom’s TVL rose to $7.7 billion, a 26% increase over 7 days. This was one of the key drivers of the price action this week. 

We expect Fantom (FTM) to maintain this trajectory. Although the token has slightly fallen from its $3.4 all-time high, it will retest that threshold in the coming days.

Should you buy Fantom (FTM)

For the last months, Fantom (FTM) has ranked as one of the fastest-growing crypto assets in the market. If you are looking for a decent Ethereum alternative with superb underlying fundamentals, then Fantom (FTM) is a decent option. 

As for folks who want a short term play, maybe ride the bullish uptrend. In fact, over the last few days, people who have tried to bet against FTM have been burned, so it may not be a good idea.

The post Fantom (FTM) hits new all-time highs – Is it the right time to buy? appeared first on Coin Journal.

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Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117%

Avaxtars (AVXT) price is currently skyrocketing. It has jumped by about 117% today hitting a daily high of $25.68.

Currently, AVXT is trading at $14.65, with a 24-hour trading volume of $3.03million. Its market cap is $2.7million, with a circulating supply of 156.8K AVXT.

Avaxtars

Avaxtars is a play-to-earn Metaverse game built on Avalanche’s C-Chain and AVXT is its native currency that was launched in October 2021.

The Avaxtars built on NFTs have every component of the game tokenized and live on the Avalanche blockchain. On the Avalanche mainnet, every Avaxter is digitally generated and recorded as a unique ERC-721NFT.

The game has features like a personal Avaxter Generation Machine (PAGM) to analyze the Digital Genetic code (DGC) of Gen1 and create new Gen2 Avaxters. This process is called Avaxtar farming that enables users to earn AVXT tokens and new Avaxters. 

For the users to start playing, they must purchase the Avaxtar from the marketplace where Gen1 and Gen2 Avaxtars are affordable between $5 and $15.

This affordability makes Avaxtars an awesome project for the new users in cryptocurrency, NFTs, and Metaverse.

Currently, users can check for the beta version of Avaxtars by connecting with a compatible wallet like MetaMask. The project is among the few that lived up to its promises at launch and became one of the most reputable Metaverse crypto coins in the market.

The game also features three different tokens that are ENXT, AVXT, and DGC. ENXT is made by providing liquidity to AVXT-AVAX pools on a decentralized exchange, AVXT that is earned by in-game mechanics, and DGC which is generated by PAGM processes.

Why is Avaxtars price rallying?

Avaxtars announced today about their partnership with the first social network on Avalanche, Kaira Network, where users can connect their Avaxtar NFTs to the network platform to create content and earn Kaira tokens as they socialize.

Although the partnership pushed for the bullish momentum of the project, the main reason for the recent price hike is the availability of an actual working product with a working growing ecosystem.

The post Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117% appeared first on Coin Journal.

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Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022

  • Wood says blockchain technology is one of five trends alongside DNA sequencing, energy storage, AI and Robotics

  • She says DeFI and NFTs were huge in 2021 and could continue on the same trajectory this year.

ARK Invest founder and chief executive officer Cathie Wood says that blockchain technology is one of the five key trends her investment fund is watching in 2022.

The celebrity investor, whose bets on Bitcoin and Tesla made for huge returns, believes two trends in the blockchain tech space likely to continue to see massive investor interest are decentralised finance (DeFi) and non-fungible tokens (NFTs).

Wood was speaking to TIME magazine.

Blockchain remains a ‘big trend’ in 2022

Asked about what trends Ark Invest was watching this year, Wood pointed to “five innovation platforms.” According to her, these are areas around which the fund has extensive research and which have been shown to be “scaling exponentially.”

She says that DNA sequencing is one innovation that will transform healthcare, while another closely watched platform is Robotics, “especially adaptive robotics, she added.

Energy storage is another big trend the investment fund is keen on in 2022, with the Ark Invest CEO giving the nod to electric vehicles over gas-powered ones. Tesla has led in this category, with other automakers like Rivian, GM, and Ford also seeing significant demand in 2021.

Investment opportunities in the Artificial Intelligence space are also big on the fund’s books, as is blockchain technology.

Wood told TIME that decentralised finance and non-fungible tokens are likely to continue being huge for investors. She believes one of the trends in 2022 will be DeFi taking over a large part of the market share currently dominated by traditional financial.

Last year, an estimated $44 billion worth of NFTs were sold, while the DeFi sector saw over $240 billion in total value locked (TVL). Per data from DeFi Llama, the TVL currently stands at $235.88 billion, with 9.87% of that locked in the Curve Finance protocol.

The post Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022 appeared first on Coin Journal.

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Market highlights January 17: Cardano stands tall, US stocks continue poor start to 2022

The crypto market is bearish today as a whole.  Jamaica plans to roll out its digital currency in the next few months and its Prime Minister expects that within five years 70% of the population will use it.

Retail giant Walmart is planning to launch its own cryptocurrency and has recently filed several trademark applications outlining its plans.

US stocks remain underwater following a difficult start to 2022, with the SPX500 losing 0.3% and the DJ30 sliding 0.88% last week.

Real estate was the worst-performing US sector last week, with American Tower Corporation and Crown Castle International both falling more than 5%.

Top cryptos

Cardano was the only top 10 crypto in the green over the past 24 hours, gaining more than 10%, and up 30% over the past week.

On the losing side, Polkadot fell more than 4.5% and Solana was down around 3%. Bitcoin was trading just under $43,000 at time of writing.

Top movers

Monero emerged as a clear winner today with gains of just over 6%. THORChain is up almost 7%. Oasis Network continues its impressive rise. Its native token ROSE added 7% to its value in the last 24 hours.  

OKB, a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx, is also up 7% today. The same goes for Kava, a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.

At the other end is Loopring with a loss of 6% and Kadena, which is down 8%. Ravencoin, which was gaining alongside Loopring and Kadena last week, is also reversing wins with a decline of 6% in the last 24 hours.

Trending

The live Request price today is $0.355 with a 24-hour trading volume of $86.6 million. The token has gained 24% in the last 24 hours. 

LooksRare is a community-focused NFT marketplace that actively rewards traders and creators for participating. It is also trending with gains of 16% today.

The biggest winner is the token of Avaxtars, an idle browser game running on the Avalanche Blockchain with the Play to Earn model. Avaxtars Token is up 236% in the last 24 hours, partially on news of a new partnership with Kaira Network. 

The post Market highlights January 17: Cardano stands tall, US stocks continue poor start to 2022 appeared first on Coin Journal.