Schlagwort: crypto business

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Internet Computer price prediction: Is ICP a good investment?

The Internet Computer (ICP/USD) price moved sideways as the consolidation in the cryptocurrency industry continued. The token is trading at $8, which is about 36% above the lowest level last week. It remains about 98% below its all-time high, bringing its total market cap to about $1.8 billion.

Will ICP bounce back? 

Internet Computer is a blockchain project that was launched in 2021 by Dfinity, a Swiss-based organization. The platform’s goal is to form a foundation of web 3.0 by helping developers build quality applications. 

Its platform has better features than other blockchains like Ethereum and Solana. For example, its data storage costs are about $0.46 GB per month, which is about 100,000x lower than that of Solana. At the same time, its decentralized applications run 100% on-chain and are owned by DAOs.

According to the developers, its ecosystem has become popular among creators. Some of the most popular applications built using Internet Computer are Fleek, OpenChat, Internet Identity, and Motoko Playground among others. They believe that more developers will embrace the platform in the future.

While activity in the Internet Computer blockchain is rising, the ICP price has not performed equally well. It has lost over 98% of its value and is now the 40th biggest project in the world.

There are several reasons why the ICP price has lagged the market. First, investors have not embraced the coin after its crash that happened shortly after its launch. Second, there are concerns about the competitive nature of the industry. Some of the most notable players it is competing with include Avalanche, Solana, and even Ethereum.

Further, like other cryptocurrencies, investors are afraid of the hawkish stance of the Federal Reserve. The bank has committed to continue hiking interest rates in its bid to fight inflation. Further, the recent crash of Terra LUNA has not helped ICP and other coins.

Internet Computer price prediction

On the four-hour chart, we see that the ICP price has been in a strong downward trend in the past few weeks. It fell to a low of $5.87 during the Terra LUNA bloodbath that happened last week. It has remained below the descending trendline that is shown in purple. The coin has also declined below the 25-day and 50-day moving averages.

Therefore, the path of the least resistance for Internet Computer price is lower, with the next key support level being at $5.50.

The post Internet Computer price prediction: Is ICP a good investment? appeared first on Coin Journal.

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Why is KLAY up by more than 5% today?

The cryptocurrency market has underperformed over the last 24 hours after having a positive start to the week.

The cryptocurrency market’s recovery journey has encountered a slight challenge as the market lost nearly 2% of its value in the last 24 hours.

The total cryptocurrency market cap has dropped below the $1.3 trillion mark again following this latest bearish performance.

Bitcoin is struggling to surpass the $31k resistance level and has lost 1.7% of its value in the last 24 hours. Ether, the world’s second-largest cryptocurrency by market cap, is down by more than 2% today but maintains its value above the $2,000 psychological level.

However, KLAY, the native token of the Klaytn ecosystem is up by more than 5% today. KLAY is the best performer amongst the top 50 cryptocurrencies by market cap at the moment. However, it has lost more than 7% of its value in the last seven days.

There is no apparent catalyst behind KLAY’s ongoing positive performance. KLAY has outperformed the broader cryptocurrency market and the other leading cryptocurrencies including Bitcoin, Ether, XRP, Solana and Cardano.

Key levels to watch

The KLAY/USDT 4-hour chart is currently bullish thanks to KLAY’s ongoing positive performance. 

The MACD line has just entered the neutral zone and could move into the positive territory if the rally continues. 

The 14-day relative strength index of 61 shows that KLAY could soon enter the overbought region if it can maintain its current momentum.

At press time, KLAY is trading at $0.442 per coin. If the rally continues, KLAY could move past the first major resistance level at $0.511 before the end of the day. However, it would need the support of the broader crypto market to surpass its second major resistance level at $0.724 in the short term. 

The post Why is KLAY up by more than 5% today? appeared first on Coin Journal.

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Highlights May 18: Major cryptos down, KNC and Chiliz lead the way

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. 

Top cryptos

Most major cryptos registered small losses of up to 2% over the past 24 hours including Ethereum, BNB, XRP, and Solana. Bitcoin was down more than 1.5% over the past 24 hours and trading just under $30,000 at time of writing. 

Standing out were Polkadot, down almost 5%, and Avalanche falling more than 3%. 

Top movers

Outside the top 20, the tendency was similar, with most coins losing 3-5% of their value. Notable standouts on the losing end include Maker and The Graph, each down 8%, and Celo with -7%. Kadena has lost 11% of its value today. 

TerraUSD is down another 18%, now trading at a tenth of its former value.  

Among the winners, the token of Kyber Network Crystal v2 leads the way. KNC gained 22% yesterday and added another 26% to its value today, retesting highs from last week.

Coming second is Chiliz with 12% at the time of writing. CHZ, the native coin of the world’s first tokenized sports exchange, began to rally after the ecosystem’s Scoville Testnet Phase 2 went live.  

Rounding out the gainers list are Convex Finance, Klaytn, and KuCoin Token with increases of 4%, 6%, and 5% respectively. 

Trending

The biggest winner today is Pledge Coin (PLG), a cryptocurrency token that runs on the Ethereum platform. 

Pledgecamp is a next generation crowdfunding platform that uses smart escrow contracts in an effort to protect investors and hold project creators accountable. It has gained 440% today.  

The post Highlights May 18: Major cryptos down, KNC and Chiliz lead the way appeared first on Coin Journal.

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You can now buy KNC, which gained 33% today: best places to buy KNC

The token of Kyber Network gained 22% yesterday and added another third to its value today, retesting highs from last week. How will its price move?

Look no further than this short article for all the details about KNC: what it is, is it worth investing in, and the best places to buy KNC now. 

Top places to buy KNC now

Bitstamp

World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy KNC with Bitstamp today

Celsius

Celsius is proud to provide a platform of curated services that have been abandoned by big banks – things like fair interest, zero fees, and lightning quick transactions. Our goal is to disrupt the financial industry, one happy user at a time, and introduce financial freedom through crypto.

Buy KNC with Celsius today

What is KNC?

KNC is the native token of Kyber Network Crystal v2, which describes itself as the top multichain DeFi liquidity hub. It aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). 

Its main goal is to enable DEXs, DeFi DApps, and other users to access liquidity pools that provide the best rates. All transactions on this network happen on-chain, which means any Ethereum block explorer can verify them easily. 

Projects can build on top of Kyber to use its services, such as liquidity aggregation, instant settlement of tokens, and a customizable business model.

Should I buy KNC today?

KNC can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

KNC price prediction

Digital Coin predicts KNC will reach $3.99 in 2023 before dipping to $3.83 in 2024. In 2025, it will bounce back, hitting $5.28. They forecast another drop to $4.83 in 2026 before recovering to $6 in 2027.

KNC on social media

The post You can now buy KNC, which gained 33% today: best places to buy KNC appeared first on Coin Journal.

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IDEX is exploding, up 56% in 24 hours: here’s where to buy IDEX

IDEX is soaring due to limited coin supply among other reasons. It ranked first in a chart released by the prominent Hoo Exchange on May 17 with a growth rate of 66.87%. 

The pledger uses the IDEX token and runs Idexd pledge software to operate the node. Pledgers earn 50% of the transaction fees charged by the network as a reward for their work. 

If you are attracted to unique features and want to learn how and where to buy IDEX, this guide is for you. 

Top places to buy IDEX now

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy IDEX with Coinbase today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy IDEX with Swapzone today

What is IDEX?

Idex is the first hybrid liquidity DEX that combines an order book model with an automated market maker. It blends the performance and features of a traditional order book model with the security and liquidity of an AMM. 

Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with on-chain trade settlement. 

This approach does away with failed trades and wasted money on gas fees, making the trading experience more pleasant and efficient. 

The instant trade execution prevents front-running or sandwich attacks and users can trade without waiting for previous trades to settle. More advanced order types and trading strategies can be executed since limit orders are possible. 

Should I buy IDEX today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose. 

IDEX price prediction

IDEX broke $0.1 today, but will it continue to surge? Wallet Investor definitely thinks so. They predict it will be worth $0.63 in 5 years. 

An investment in this time will generate revenue of around +525%. If you invest $100 in it now, you could have $625 in 2027.

IDEX on social media

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