Schlagwort: crypto business

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AVAX rallies by 9% following the launch of Valkyrie’s Avalanche Trust

The cryptocurrency market has performed well over the past 24 hours and the total market cap could break past the $1.8 trillion mark soon.

The broader cryptocurrency market is picking up pace towards the end of the week. The market has added nearly 3% to its value in the last 24 hours and the total market cap now stands above $1.79 trillion.

Bitcoin could soon reach the $40k psychological level after adding 1.6% to its value over the past few hours. Ether is also trading in the green zone and looks likely to break past the $3,000 resistance level soon.

AVAX, the native token of the Avalanche blockchain, is the best performer amongst the top 10 cryptocurrencies by market cap. AVAX is up by 9% in the last 24 hours and now trades at $66.11 per coin.

The rally comes after crypto investment firm Valkyrie announced on Wednesday that it was launching an Avalanche Trust (VAVAX) for traditional investors looking to gain exposure to the Avalanche ecosystem.

Sources familiar with the matter have revealed that the trust has already secured $25 million.

Key levels to watch

The AVAX/USD 4-hour chart is bullish, thanks to Avalanche’s ongoing positive performance. The technical indicators are starting to improve following its recent bearish run.

The 14-day relative strength index of 59 shows that AVAX is out of the oversold region. If the rally continues, the RSI could surpass 60 and head towards the overbought zone.

The MACD line crossed into the positive territory a few hours ago, indicating bullish momentum.

If the rally continues, AVAX could surpass the first major resistance level at $72.33 before the end of the day. However, it would need the support of the broader market to cross the $79.65 resistance point.

The post AVAX rallies by 9% following the launch of Valkyrie’s Avalanche Trust appeared first on Coin Journal.

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You can buy Cardano, which is at the fore of the market rally: here’s where

The ninth-biggest coin by market capitalization added almost 14% to its value during early Asian trading hours before a slight drop. 

Demand from retail traders was the driving factor for the growth. Live data showed a 186% increase in the number of wallets holding Cardano’s token ADA for more than a month, CoinDesk reported.  

This brief guide has everything you need to know about the Cardano network and coin, including whether and where to buy Cardano if you choose.  

Top places to buy Cardano 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.

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Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

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What is Cardano?

Cardano is one of the biggest blockchains to apply a proof-of-stake consensus mechanism successfully, which is less energy intensive than Bitcoin’s proof-of-work algorithm. 

Cardano claims all of the technology developed undergoes peer review, which means that all ideas can be challenged before they are accepted. This process ensures the Cardano blockchain is stable and durable, increasing the likelihood of anticipating potential issues. 

As open-source code software, Cardano’s functionality runs on the premise of confidential transactions and crystal-clear transparency throughout the network.

The end users have the power with zero-disclosure evidence, facilitating the mathematical consistency of the entire transaction procedure.  

Should I buy Cardano 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.

Cardano price prediction

Digital Coin Price predicts ADA will pass $2 by the end of 2025. It will trade for at least $1.65 that year. 

The Reddit community forecasts ADA can go up to $1.80 by the end of this year, but it will reverse gains thereafter. 

Cardano on social media

The post You can buy Cardano, which is at the fore of the market rally: here’s where appeared first on Coin Journal.

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Thorchain rises 8% on bug bounty news: here’s where to buy Thorchain

ThorChain (Rune) logo on a cell phone screen

The Fed interest hike reflected on the whole crypto market very positively. One of the winners has been Thorchain.

Its native token RUNE rallied further after an announcement that the bug bounty program with Immunefi had been updated. The Thorchain ecosystem will now pay up to $1,000,000 for detecting critical vulnerabilities. 

If you want to know what Thorchain is, can it give you good returns, and the top places to buy Thorchain, you’ve come to the right place. 

Top places to buy Thorchain now

FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

Buy RUNE with FTX 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 RUNE with Swapzone today

What is Thorchain?

Thorchain is a decentralized liquidity protocol which enables users to exchange cryptocurrency seamlessly on a number of networks without the risk of losing control and custody of their assets.

The protocol allows users to swap one asset for another in a permissionless setting. Liquidity can be sourced without the need to rely on order books. A ratio of assets in a pool is used to maintain market prices. 

RUNE is the native token of the Thorchain platform. It serves as the primary currency in the Thorchain ecosystem. Platform users also use it for governance and security as part of the mechanisms of resistance of Thorchain. 

Should I buy Thorchain today?

Thorchain 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.

Thorchain price prediction

Wallet Investor considers Thorchain’s RUNE a good investment. They expect a long-term increase, predicting a price of $22.72 in May 2027. 

A 5-year investment will generate revenue of around +214%. If you invest $100 in Thorchain now, it might go up to $314 in 2027. 

Thorchain on social media

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Highlights May 5: Crypto markets rally, Zilliqa is up 37%

The crypto market is entirely in the green today with most top 100 coins rallying at the time of writing. Cryptos soared following the US central bank rate hike.

Top cryptos

Bitcoin is up almost 5% in the last 24 hours, trading just below $40,000 at the time of writing. Ethereum and Binance Coin are also up around 5%. The biggest top 10 gainer is Cardano, which had added a tenth to its value at the time of publication.  

Cryptos outside the top 10 fared very well too. They are all in the green without exception, the biggest winner being Tron, which cracked the top 20 as predicted. 

It ranks as the 19th biggest coin by market cap, just behind NEAR Protocol, with gains of 20% today and 35% over the past seven days. 

Top movers

Outside the top 20, the tendency was similar, with all coins adding to their value, in most cases up to as much as 15%. Notable standouts include Axie with 18%, Waves with 29%, and THORChain with 19%. 

Curve DAO Token, which began to rally yesterday after Terra launched the “4pool” liquidity pool on Curve, is also up 19% today. 

The biggest winner of the top 100 by far is Zilliqa, which has added the impressive 37% to its value. In April, Zilliqa unveiled Metapolis, the first ‘Metaverse as a Service’ platform built on a technology stack and powered by a leading L1 blockchain. 

In April, Zilliqa also joined BGameAlliance and shared its Roadmap 2022 with its community. All of these activities contributed to the massive surge we are witnessing today.  

Trending

The biggest winner today is the token of PetWars, a free-to-play turn-based online collectible trading card game. The game is played with a deck of 30 cards, which the player creates using numerous pet-based characters. 

The goal is used to reduce an opponent’s life from 20 years to 0. The token is up 2,882% today.  

The post Highlights May 5: Crypto markets rally, Zilliqa is up 37% appeared first on Coin Journal.

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Argo Blockchain secures $71 Million NYDIG loan to buy more Bitcoin miners

Crypto mining firm Argo Blockchain PLC (LSE:ARB) and (NASDAQ:ARBK) has secured additional financing for the purchase of digital asset mining equipment, according to a press release published on Wednesday.

The London-based miner announced the loan facility was acquired through its subsidiary Argo Helios from New York Digital Investment Group (NYDIG).

Argo eyes more miners for its Texas-based facility

Under the new terms of their previously signed equipment financing agreement, Argo Helios is set to receive up to $70.60 million (roughly £56.3 million) from the US-based firm. The loan will be issued “subject to customary drawdown conditions,” Argo noted in its announcement.

Argo CEO Peter Wall said that the additional funds will help the company get mining equipment ready at its Texas-based mining facility Helios.

“NYDIG understands the financial requirements of large-scale bitcoin miners and we are excited to continue working with them to execute and deliver on the next phase of Argo’s growth,” he added.

Argo Blockchain is among the largest Bitcoin miners in the world, with the company’s operations pegged on the use of clean energy.

In the market, the London Stock Exchange-listed stock fell 0.02% on Wednesday, closing at £62.49. The stock has gained more than 4% in the past five days. 

However, the ARB price has shed over 30% year-to-date, with the losses aligned with the downtrend witnessed across the crypto markets for much of 2022.

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