Schlagwort: crypto business

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Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

Cryptocurrencies are doing well into the weekend. Bitcoin has surged to $21,000 while Ethereum has moved above $1,200. In total, the top market cap of all cryptocurrencies has jumped to over $948 billion. This performance is mostly because of the strength of American equities, with the Dow Jones and Nasdaq 100 rising by more than 711 and 302 points respectively. Here are the best small-cap cryptocurrencies to trade during the weekend.

ARPA (ARPA)

ARPA is one of the best crypto trade during the weekend. It is an extremely small cap coin that has a market cap of $40 million. ARPA is a security-focused blockchain project that is used in industries like fintech and insurance, digital advertising, personal data wallet, and AI among other industries. 

Some of its funders are well-known companies like Arrington, Connect Capital, Genesis, and GBIC among others. ARPA is a layer 2 or sidechain network that supports secure and verifiable computation. Some of the top projects built using ARPA are LINA, MDX, CERE, and CHESS among others.

ARPA is a good crypto to trade because of its price action. The ARPA price formed a strong bottom at $0.025 this week. It has then soared by as much as 123% and reached a high of $0.055. Therefore, there is a possibility that the coin will show more price action during the weekend.

Yearn Finance (YFI)

Yearn Finance is a leading blockchain project in the DeFi industry. It is a DeFi project that allows people to maximize their returns in the market. After depositing tokens, Yearn moves the funds across multiple protocols as it seeks for the highest yield. According to DeFi Llama, Yearn Finance has over $578 million in total value locked (TVL). This is significantly lower than its all-time high of over $5.7 billion. 

Like YFII, the YFI price has surged in the past few days. It has risen by more than 84% from its lowest level this year. This means that it will have some volatility during the weekend, which makes it a good coin to trade.

Navcoin (NAV)

Navcoin is an extremely small-cap cryptocurrency that has a market cap of over $8.6 million. It is a cryptocurrency that was established in 2014 with the goal of enhancing privacy. It is an interoperable coin that can be used outside its ecosystem. 

The Navcoin price has surged in the past few days as investors cheer the launch of a new market-making DAO, The goal is to introduce new professional market-makers to the network in order to get the coin listed in other exchanges. Therefore, the Navcoin price is a good buy because of the expected volatility.

The post Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV appeared first on CoinJournal.

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YFII Price Prediction: What is DFI Money and Why is It Surging?

The YFII price has rebounded sharply in the past few days as investors buy the coin’s dip. The token is trading at $1,674, which is about 400% above the lowest level during the weekend. This price is still about 85% below its highest point on record. According to CoinGecko, DFI has a market cap of over $42 million.

What is DFI.money and why is it rising?

DFI is a blockchain project that is in the Decentralized Finance (DeFi) space. It is a leading platform that simply allows people to deposit their funds and then they can earn interest. It is a fork of Yearn Finance, one of the biggest blockchains in the world. 

The concept behind DFI.Money is that it aggregates various protocols like Compound, dYdx, Aave, and DDEX protocols and finds the one with the highest interest. Therefore, as an investor, you will simply add funds to the network, and then it will farm around and find the one with the highest yield.

After finding that asset, it then returns a proof-of-stake known as yToken, which users can send back at any time and withdraw their tokens and interest. YFII is the governance token for the DFI network.

Like other DeFi tokens, DFI.money has had a difficult period in the past few months as investors worry about the state of the industry. As a result, the total value locked in the industry has fallen from more than $250 billion to less than $75 billion. According to DeFi Llama, DFI has a total value locked of less than $100k, making it a relatively tiny platform.

It is unclear why the YFII price is surging. Since there is no new news about the coin, there is a possibility that investors are pumping the coin.

YFII price prediction

The four-hour chart shows that the YFII price went parabolic on Friday. As it rose, the coin managed to move above the important resistance level at $1,470, which was the highest point on May 14th. It has moved above all moving averages while the Relative Strength Index (RSI) has jumped to the overbought level.

Therefore, in my view, I believe that the coin will retreat soon. If this happens, the next key support level to watch is at $660, which was the highest point on June 16th.

The post YFII Price Prediction: What is DFI Money and Why is It Surging? appeared first on CoinJournal.

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Solana price recap: UniLayer CEO says SOL is attracting investor attention

Solana price rose to an intraday high above $41.00 on Friday as the crypto market registered some gains following a brutal start to the week.

The digital asset, which is ranked 9th among the largest cryptocurrencies with a market cap of $13.6 billion, surged from lows of $36.65 to hit $41.04 according to data from CoinGecko..

The cryptocurrency has experienced a bullish move over the week, with SOL/USD having traded at around $27.64 on 19 June.

Solana price jumps on Saga phone news

On Thursday June 23, Solana Labs, the platform behind the development of the Solana ecosystem, released a major reveal that coincided with SOL price going up.

The hot news concerned the launch of Saga, a flagship crypto-focused smartphone designed to help drive Web3 adoption, including the use of NFTs.

The news was a boost not just to Solana, but the wider crypto ecosystem, Alex Belets, the CEO of UniLayer Network, a L1 blockchain and interoperability platform, told CoinJournal.

Solana is attracting investors

While the current market conditions do not offer so much to smile about, Belets says Solana could be having a different story building up.

“It’s difficult to be bullish about any token in the current market, but Solana does continue to attract investor attention,” he added.

Positive news this definitely is for an industry that has seen so many negative headlines. However, Solana still has a big challenge that it must address – how to handle massive traffic that often ends with the network outages.

So while investors continue to bet big on the platform, Belets says one interesting thing to watch out for is “how developers tackle this critical issue in the face of a smartphone launch“

SOL/USD is nearly 10% up on the day at $40.12 (as of writing), while the upside has Solana trading more than 32% higher since its weekly low.

SOL trading volumes have also jumped, with 24-hour trading volume up by more than 13.6%. The market cap has increased by over 8% in the same period.

The post Solana price recap: UniLayer CEO says SOL is attracting investor attention appeared first on CoinJournal.

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Mogul Productions and Trace Network Labs partner to bring Movies to the Metaverse

Mogul Productions, the decentralized platform that seeks to promote NFTs and DeFi in the movies and entertainment sector, is going big on the move with a new partnership. 

As announced on Friday, the firm has signed a major partnership with Trace Network Labs to help bring the movie experience to the metaverse.

Growth in the NFTs and Metaverse sector

Blockchain technology has completely changed the landscape when it comes to digital avatars, whose growth trajectory, to state the least, has been on an upward trajectory since the 70s.

Today, digital avatars and the non-fungible token (NFT) and metaverse space are shaping interactions virtually across every aspect of life.

According to an industry expert’s observation highlighted by CoinJournal, “The metaverse will bring true value for digital assets, mainly in the form of NFTs. It will give people the ability to recreate themselves in any shape or form they would like and to reinvent their identity altogether. It will bring to life digital pets of all kinds.”

Mogul Productions and Trace Network want to drive the next level of growth in this sector through their partnership. Essentially, Mogul wants to bring the movie experience and movies to the metaverse.

Use NFTs to experience the Metaverse

Some of the most popular NFT collections in the world today have seen millions of dollars in sale volumes, with the creators of blockbusters such as the Bored Ape Yacht Club, CryptoPunks, and Azuki helping unlock a whole range of success stories.

Alongside this, there has been the steady drive towards the reality of the Metaverse, a virtual world where real-life humans can interact and do pretty much everything else via avatars. 

While tech giants such as Meta Platforms, Apple Inc and Google are all working on delivering the metaverse, the entertainment space is already seeing events in the virtual world. 

Mogul wants to use its partnership with Trace to help drive this to the next level, with NFTs at the heart of it. Notably, the platform wants to allow individuals to mint their own avatarsand use them in the metaverse to experience events such as film premieres.

The collaboration will also see Mogul’s Cinematic Metaverse expand to provide users with new features such as branded wearables and other Mogul products.

With these, users can unlock several exciting experiences, including access to exclusive “Behind The Scenes” events – all in the metaverse.

The post Mogul Productions and Trace Network Labs partner to bring Movies to the Metaverse appeared first on CoinJournal.

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Bybit CEO makes soft proposal for the development of BitDAO’s L1 Infrastructure

Bybit co-founder and CEO Ben Zhou is leading a proposal for the development of the platform’s BitDAO Layer 1 infrastructure, the exchange said in a press release.

The soft proposal, launched via the official BitDAO Discourse forum, envisions the creation of a new L1 blockchain to tap into investment opportunities in various Web3 verticles.

At the moment, BitDAO has a footprint across several gaming,  Ethereum scaling, blockchain education and art curation.

“This proposal aims to open new avenues for high-value collaborations generated from ground-up demand and support, which is true to BitDAO’s mandate,” Zhou noted.  He believes such developments will help further the adoption of crypto.

“Bybit supports BitDAO’s vision in being a changemaker for all changemakers. In collaboration with BitDAO and its community, we look forward to propelling the mass adoption of open finance to greater heights and shaping the future of the industry.”

Zhou has encouraged the community and other parties to contribute to the discussion, including in research and development. The new project will utilize BitDAO’s native token BIT.

The post Bybit CEO makes soft proposal for the development of BitDAO’s L1 Infrastructure appeared first on CoinJournal.