Schlagwort: crypto business

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Here is why ZRX is up by nearly 10% today

The cryptocurrency market has been underperforming over the past 24 hours and could record further losses soon.

The broader crypto market has entered a bearish trend again despite a good start to the week. The market has lost nearly 5% of its value in the last 24 hours and currently has a total market cap of $1.77 trillion. 

Bitcoin is down by more than 5% so far today and now trades around $38 per coin. Ether has also lost more than 5% of its value in the last 24 hours and currently trades at $2,847 per coin.

ZRX, the native token of the 0x Protocol, is the best performer amongst the top 100 cryptocurrencies by market cap. ZRX, alongside STEPN, are the only cryptocurrencies trading in the green zone amongst the top 100.

ZRX has added more than 9% to its value in the last 24 hours, making it the best performer amongst the leading 100 cryptocurrencies. 

The ongoing rally is fueled by the news that 0x Labs raised $70 million in a recent Series B funding round. The funding round was led by Greylock and other investors, including Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, Coinbase, Brevan Howard, IOSG Ventures, Reid Hoffman and Jared Leto.

Key levels to watch

The XRZ/USD 4-hour chart is currently positive as 0x has been performing well in the last 24 hours. The technical indicators show that the coin’s performance has been positive in the past few days.

The MACD line remains below the neutral zone but could soon be out of the negative region if the rally is sustained. The 14-day RSI of 55 shows that ZRX is no longer in the oversold region. 

At press time, ZRX is trading at $0.83750. If the bulls remain in control, ZRX could rally past the first major resistance level at $0.9149 before the end of the day.

However, the broader market is bearish at the moment, and that could impact ZRX’s performance in the short term. ZRX could slip below the first major support level at $0.7341. 

Despite the bearish trend in the market, ZRX should comfortably defend its position above the $0.6810 support level in the short term.

The post Here is why ZRX is up by nearly 10% today appeared first on Coin Journal.

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Dogelon Mars declines after reaching ATH in April: should you buy the dip?

Like all Elon Musk-related cryptocurrencies, Dogelon Mars soared on the Twitter buy news yesterday, reaching an all-time high for the month of April. It started declining thereafter. At the time of writing, it had shed 6% of its value. 

There are also rumors of a Binance listing. If you want to know what Dogelon Mars is, can it give you good returns, and the top places to buy Dogelon Mars, you’ve come to the right place.

Top places to buy Dogelon Mars now

As ELON is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ELON using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ELON right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for ELON

Now that you’re connected, you’ll be able to swap for 100s of coins including ELON.

What is Dogelon Mars?

Dogelon Mars is a dog-themed meme coin running on the Ethereum Mainnet and Polygon Mainnet. It follows the example of Shiba Inu, Dogecoin, Floki Inu, and other successful canine coins.

Dogelon Mars combines a number of popular meme coin themes. Its name combines Dogecoin and Elon Musk, the outspoken supporter of Dogecoin. 

It also alludes to Mars, a spin on the famous moon meme, suggesting that Dogelon will undergo a major surge. Beyond its rather arbitrary name, Dogelon Mars has managed to build a significant community.

Should I buy Dogelon Mars today?

Dogelon Mars 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. 

Dogelon Mars price prediction

Tech News Leader predicts Dogelon Mars can reach $0.000001 in 1 year. It will be worth $0.0000044 in 5 years and $0.000027 in a decade.  

Dogelon Mars on social media

The post Dogelon Mars declines after reaching ATH in April: should you buy the dip? appeared first on Coin Journal.

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FITFI soars 150% after premiering on multiple exchanges: here’s where to buy FITFI

FIFTI was listed on OKX, MEXC, Crypto.com, and a few other exchanges and saw its price rise exorbitantly as a result. Its trading volume has been equally impressive, up 2,129% in the last 24 hours.

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

Top places to buy FITFI now

As FITFI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase FITFI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy FITFI right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Pancakeswap DEX

Head to Pancakeswap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for FITFI

Now that you’re connected, you’ll be able to swap for 100s of coins including FITFI.

What is FITFI?

FITFI is the governance token of Step App, an ecosystem that features staking, locking, liquidity incentives, buybacks, and burns. These are driven by demand drawn by both gameplay perks and value drawn from the game economy.

FITFI tokens benefit from ecosystem fees. KCAL tokens are the in-game token. KCAL tokens are used to buy SNEAKs and are earned from running while staking a SNEAK.

Step is a development protocol for FitFi (Fitness Finance). Step App is the first app on the protocol, built by the core team. FitFi is described on the website as being at the cross-section of making the physical and the digital. 

It serves as a bridge between fitness and the metaverse by using NFTs and geolocation technology. Augmented reality for better immersion is an added feature of Step’s FitFi metaverse.

Should I buy FITFI today?

FITFI can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

FITFI price prediction

Digital Coin Price predicts FITFI will trade in the range of $0.53-$0.75 at the beginning of 2025 and in the range of $0.59-$0.89 at the beginning of 2027. At the time of writing, it’s trading for $0.311.  

FITFI on social media

The post FITFI soars 150% after premiering on multiple exchanges: here’s where to buy FITFI appeared first on Coin Journal.

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Robinhood cuts its full-time staff by 9%, shares fall sharply

Robinhood CEO Vlad Tenev said in a blog post on Tuesday that the “duplicate roles and job functions” were among the reasons the company decided to release the employees.

Robinhood has announced that 9% of its full-time staff have been let go amid the need to downsize after a rapid expansion over the past couple of years.

The trading app, founded in 2013, says its employee count grew exponentially through 2020 and the first half of 2021. As customer demand increased due to the pandemic lockdowns, fiscal stimulus and low interest rates, the firm’s full-time staff jumped from 700 to 3,800.

Duplicate roles was a factor

Vlad Tenev, the firm’s CEO, said in a blog post on Tuesday that rapid growth had inevitably led to “duplicate roles and job functions, and more layers and complexity than are optimal.”

It’s these factors that the company considered as they made the difficult decision to let go of the employees, he added.

“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency, increase our velocity, and ensure that we are responsive to the changing needs of our customers.”

Robinhood keen on delivering on strategic goals

According to the CEO, the layoffs are a “deliberate step” towards ensuring the company continues to deliver on its strategic goals. It’s also intended to see it further its objectives in democratizing finance.

“We will continue to accelerate our product momentum through 2022 and will introduce key new products across Brokerage, Crypto, and Spending/Saving,” he wrote.

During the last two years, Robinhood has grown its net user accounts from 5 million to 22 million. Revenue also increased from approximately $278 million in 2019 to more than $1.8 billion in 2021. GameStop and Dogecoin have been among the top two most traded assets on the trading app.

The company, which went public last year, reportedly has over $6 billion in cash on its balance. The US-based firm will release its Q1 earnings results on Thursday.

Robinhood shares fell sharply following the announcement, with the company’s stock losing 3.75% by market’s close.

The post Robinhood cuts its full-time staff by 9%, shares fall sharply appeared first on Coin Journal.

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Dip buying whales push Bitcoin (BTC) above $40,000 once again

After facing strong downward pressure over the last weekend, Bitcoin (BTC) has rebounded. The mega-cap coin has in fact reclaimed $40,000 and is looking to consolidate further in the coming days. Here are the key facts to note:

  • The recent upswing is largely fueled by dip-buying BTC whales

  • $38,000 has proved to be a popular dip price for large wallets.

  • BTC is likely to maintain an upward trajectory and test $45,000.

Data Source: Tradingview 

Bitcoin (BTC) – Price Analysis and prediction

For the best part of 2022, Bitcoin has been trading at a very stable range. After bottoming at around $32,000 in February, BTC has rebounded and is now sitting slightly above $40,000. The downside risk also appears to be capped at $35,000. In fact, for the last two months or so, the coin has not fallen below that price. 

This is probably because of the dip-buying Bitcoin whales who have been scooping up the coin at around $38,000. In fact, every time Bitcoin has dropped below $40,000, we have seen it bounce back almost immediately. 

At the moment, the coin will try and consolidate gains above $40,000. After that, it will retest at $45,000. Whether Bitcoin bulls can create enough momentum to surge past $45,000 remains to be seen. But so far, the coin has struggled to clear its 200-day SMA of around $49,000. We don’t expect this to change and as such, upward potential right now is capped at $49,000.

Should you follow Bitcoin Whales?

It’s always a good idea to follow large wallets when making investments in crypto. Besides, BTC whales appear to be getting it right. 

The $38,000 whale entry price has gone on to deliver superb returns in the last few weeks and as such, it would make sense for any investor to follow whale money when trading this coin.

The post Dip buying whales push Bitcoin (BTC) above $40,000 once again appeared first on Coin Journal.