Schlagwort: crypto business

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Dogecoin (DOGE) surges after hitting lows in recent dip

Dogecoin (DOGE) is surging today. The coin has had a mixed 2022 and had recently bottomed at $0.109. However, it seems the fortunes of this popular meme coin are starting to turn, and we could see some sustained gains in the weeks to come. Here is what you need to know:

  • DOGE coin has now surged past its demand zone of between $0.109 and $0.124.

  • The coin is likely to hit $0.2 before any major correction

  • DOGE has added nearly 30% in value over the last 24 hours alone.

Data Source: Tradingview 

Dogecoin (DOGE) – What is the upward potential?

Dogecoin, like other meme coins in the market, has had a very difficult 2022. The coin had shown some bullish signs at the end of March. But this did not last long; instead, the meme coin bottomed in April. However, things are starting to turn around.

After Elon Musk acquired Twitter, there has been speculation that DOGE could be integrated as part of the payment ecosystem for the social media platform. As a result, the coin has added 30% in value over the last 24 hours.

Despite this, we still think there is more upside left for Dogecoin. In fact, the coin is likely to continue surging towards $0.2 before we see any possibility of a major price correction. This will represent gains of an additional 30% from the current price.

Dogecoin’s future and long-term outlook

It’s unlikely that DOGE will reclaim its previous all-time high of around $0.7. The coin will have to grow by at least 4x to achieve that from the current price. However, if Elon Musk follows through on his desire to make the meme coin part of Twitter’s payment ecosystem, then DOGE will become huge.

Nonetheless, the meme coin still has a positive outlook for the remainder of 2022. Conservative estimates show that the meme coin has the potential to offer 2x growth before the end of the year.

The post Dogecoin (DOGE) surges after hitting lows in recent dip appeared first on Coin Journal.

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SNACKCLUB secures $9M in Seed funding to boost blockchain gaming in developing countries

SNACKCLUB, a Web3 startup that’s the sister company to Brazil’s gaming giant LOUD, has raised $9 million in a seed funding round, according to an announcement shared on Tuesday, 26 April.

Venture firm and gaming publisher Animoca Brands, as well as Ascensive Assets, Jump Crypto, Formless Capital, Mechanism, and OP Crypto among other investors contributed to the round, SNACKCLUB said in its press release.

Building a DAO for gamers

According to the company, the funds will go into a decentralized autonomous organization (DAO), with the main goal being to reimagine ownership within the gaming ecosystem.

The gaming provider seeks to help players benefit more from the massive investment they put into games, especially around possession and control over a game’s currency, equipment, or assets as associated with their character.

SNACKCLUB, building on the experience of LOUD, wants to make gaming beneficial ventures for players, especially when it comes to the motivation to invest time in such activities.

“SNACKCLUB will elevate that commitment by investing in the technology, platform, and publishing partners that will bring the potential of blockchain gaming to our community. We have a long way to go, but these investments will change the how and why behind a gamer’s decision to play,” said Jean Ortega, the co-founder of LOUD. Ortega is also the managing partner of SNACKCLUB.

LOUD reportedly has a combined global follower base of 300 million, a community that SNACKCLUB hopes ti tap into when it launches.

The platform however is focused on nurturing its 30-person team. Other immediate plans include establishing its governance and conducting due diligence on what investment prospects to prioritize.

The post SNACKCLUB secures $9M in Seed funding to boost blockchain gaming in developing countries appeared first on Coin Journal.

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ApeCoin price prediction: Will APE Soar Above $20?

The ApeCoin price remarkable rally is continuing as the ecosystem growth continues. The APE token is trading at $18.18, which is close to its all-time high of $19.50. It has risen by more than 147% from its lowest level on March 17th, bringing its total market cap to over $5.2 billion. So, is ApeCoin a good buy?

Why is APE rising?

ApeCoin is one of the newest cryptocurrencies around. It is the native token for the Bored Ape Yacht Club (BAYC), one of the biggest NFT ecosystems in the industry. According to CoinMarketCap, it has a total market value of 1.35 million ETH that are currently worth more than $3 billion. Its Mutant Ape Yacht has also risen.

The ApeCoin price has risen sharply as the ecosystem growth has accelerated. The developers are hoping that a metaverse platform will spur growth of the ecosystem. Investors believe that the ecosystem will lead to more growth of the metaverse and NFT industry. Its metaverse platform will be known as Otherside. 

Still, there are concerns about the coin’s consolidation considering that over 52% of the coins are held by its insiders. And, most of the NFT purchases will go back to these insiders, who raised $450 million from investors last month. Indeed, in a note, The Verge said:

“Self-dealing founders and investors; a hype machine in overdrive; and a growing disconnect between the web3 we were promised and the one that’s being traded on the crypto exchanges. And when it does, I wouldn’t be surprised to see that decentralization is its first casualty.”

ApeCoin price prediction

The four-hour chart shows that the APE price has been in a strong bullish trend recently. The coin has managed to move above the important resistance level at $15.50, which was the highest level on March 28th. It has also moved above the 25-day and 50-day moving average while the Relative Strength Index (RSI) has moved slightly below the overbought level.

Therefore, there is a likelihood that the ApeCoin price will keep rising in the near term as bulls target the key resistance at $20. 

The post ApeCoin price prediction: Will APE Soar Above $20? appeared first on Coin Journal.

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Top places to buy The Graph, which added 17% to its value today

The live The Graph price today is $0.39 with a 24-hour trading volume of $217.2 million. The Graph is up 16.65% in the last 24 hours.

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

Top places to buy The Graph now

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

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

What is The Graph?

The Graph is a protocol to query data for the Ethereum Mainnet and similar networks, powering many applications in the wider Web3 ecosystem and DeFi in part. 

GraphQL is used to retrieve blockchain data, which is then utilized to build and publish subgraphs. It’s easy for developers to start building on this network because of a hosted service in production.

The Graph supports indexing data from Ethereum, IPFS and POA. 

The Graph aims to take reliable decentralized public infrastructure mainstream. Participants use Graph Token (GRT) to ensure economic security of the network and the integrity of data being queried.

Should I buy The Graph today?

The Graph 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. 

The Graph price prediction

Price Prediction is quite bullish on GRT. They predict it can go up to $0.66 with the average trading price of $0.58 this year. In 2023, it will be worth at least $0.84, but it’s more likely to trade for the average price of $0.87. 

The following year, The Graph will trade for at least $1.19. It can go up to a maximum of $1.41 with the average trading price of $1.23. The lowest possible price in 2025 is $1.81. 

Wallet Investor takes a very opposing view. They consider The Graph a bad one-year investment. Its price will remain unchanged and your investment might lose value.  

The Graph on social media

The post Top places to buy The Graph, which added 17% to its value today appeared first on Coin Journal.

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You can now buy EBT, the hottest new coin: here’s where

Whenever a big event occurs on the market – almost any market – a cryptocurrency reflecting it soon follows.

After Elon Musk bought Twitter, the fact was quite literally reflected: we now have a token called Elon Buys Twitter (EBT). It was up 3,000% in Asian hours today and its price continues to grow.  

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

Top places to buy EBT now

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

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

What is EBT?

EBT gives meme creators a chance to monetize their work. It was created to help aspiring meme creators showcase their talent as well. 

The platform is in the process of developing several revenue-generating features. There are plans to launch a series of lazy games with a play-to-earn opportunity. 

Its long-term goal is to establish itself as an industry leader in the DeFi sector.

Should I buy EBT today?

EBT 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. 

EBT price prediction

Elon Buys Twitter is a very new asset and there are no reliable predictions. Only Price Prediction has ventured to forecast, but it’s somewhat off. They predict it will be worth $0.000003 next year, which is its current price. 

EBT on social media

The post You can now buy EBT, the hottest new coin: here’s where appeared first on Coin Journal.