Schlagwort: crypto business

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GMT is soaring, up 43%: here’s where to buy GMT

Stepn announced a revised GEMs or Mysterybox system and reached the important milestone of 300,000 DAU (Daily Active Users). Its token GMT rose to the top with the highest traded volume in the last 24 hours.

The ecosystem also launched STEPN x ASICS NFTs, a unique collection of NFT sneakers in partnership with premier sports brand ASICS on the Binance NFT marketplace.

All of these factors contributed to spectacular price growth. 

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

Top places to buy GMT now

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

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

What is GMT?

STEPN is a Web3 lifestyle app with fun social elements and gamification design. Users equipped with NFT sneakers can walk, jog or run outdoors to earn GST, which can be used to level up and mint new sneakers. 

Players can choose to lease or sell their NFT Sneakers on the in-app marketplace; users’ GST earnings are stored in the in-app wallet, which has a built-in swap function.

STEPN was created by Find Satoshi Lab, an Australian-based fintech studio. The team won the 2021 Solana Ignition Hackathon Gaming Track and is part of DeFi Alliance Gaming cohort.

Should I buy GMT today?

GMT 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. 

GMT price prediction

Up to Brain cites a few experts who make moderately bullish predictions. They predict 1 GMT will be worth $3.88 by the end of next year and $4.34 by the end of 2024.

GMT on social media

The post GMT is soaring, up 43%: here’s where to buy GMT appeared first on Coin Journal.

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LUNA rallies as UST surpasses BUSD in market cap

Terra’s UST stablecoin has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market cap.

The cryptocurrency market has performed well over the past 24 hours. After a poor start to the week, the broader market has seen its value increase by more than 4% in the past few hours.

The excellent performance sees the broader cryptocurrency market cap rally towards the $1.9 trillion mark again. Bitcoin is trading above $40k after declining towards the $37k support level yesterday.

Ether is also trading above $3,000 again after briefly dropping to $2,800 earlier this week. However, LUNA, the native token of the Terra ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap.

LUNA is up by more than 16% in the last 24 hours, outperforming the other major cryptocurrencies in the process. 

The ongoing rally is fueled by UST’s latest milestone. UST is the stablecoin backed by the Terra ecosystem. According to the latest data, UST has now become the third-largest stablecoin by market cap.

UST’s market cap now stands at $17.5 billion, surpassing BUSD ($17.3 billion) a few hours ago. UST has grown by more than 1,000% over the past year, making it the fastest-growing stablecoin in the crypto market.

Key levels to watch

The LUNA/USD 4-hour chart is the most bullish amongst the top 10 cryptocurrencies by market cap. At press time, LUNA is trading at $89 per coin.

The MACD line crossed the neutral zone a few hours ago, indicating strong bullish momentum. The 14-day RSI of 61 shows that LUNA could be heading to the overbought territory if the rally continues.

If the bulls remain in charge, LUNA could surpass the first major resistance level at $95 before the end of the day. However, it would need the support of the broader market to move past the $100 mark for the second time this month. 

The post LUNA rallies as UST surpasses BUSD in market cap appeared first on Coin Journal.

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ApeX protocol to be the first project on Bybit’s Launchpad 2.0

Davion Labs’ ApeX protocol, the decentralized, non-custodial, permissionless, censorship-resistant perpetual derivatives project has announced that it will be the first project on popular crypto exchange Bybit’s newly released Launchpad 2.0.

The recently revamped platform allows users to buy best performing tokens directly through the launchpad and features a lottery model that enables users of new projects to win allocations of tokens with USDT.  Bybit offers innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients.

The company is a partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus. pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka 

ApeX protocol is known for its ability to allow users to swap markets for any token pairs and transfer crypto derivatives on Ethereum 2 blockchain without compromising private keys and involving any intermediaries.

Powered by its native token $APEX, The ApeX protocol offers various benefits including governance, protocol incentivization, and staking. Its seed funding round was led by Dragonfly Capital Partners and supported by other prominent investors and venture capitalists including Jump Trading, Tiger Global, Mirana Ventures, Kronos, M77 Ventures, and CyberX.

With ApeX now on Bybit’s Launchpad 2.0, users can subscribe to the $APEX, a token with a maximum supply of 1,000,000,000 either with BIT or USDT. BIT is the native token of the world’s largest decentralised autonomous organisation, BitDAO.

To enter the lottery on the launchpad, a minimum commitment amount of 50 BIT or 100 USDT is required. The minimum amount will buy the user 1 lottery ticket. Each participant will be granted an equal and random chance at winning the token allocation.

ApeX’s token was introduced to the market earlier this year at a public sale of ApeX’s original NFT collection. The project’s NFT holders were given additional benefits such as the 8% lifetime transaction fee discount and the allocation of $APEX. ApeX NFTs are currently trading at 0.87 ETH, from the mint price of 0.45 ETH, marking a surge of more than 40%.

 

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Why is Decred up by more than 15% today?

The broader crypto market is underperforming at the moment, but Decred is rallying.

The broader cryptocurrency market has been struggling over the past few days, and the bearish trend could continue for the rest of the day. The market has lost more than 4% of its value in the last 24 hours.

Currently, the total cryptocurrency market cap has dropped to the $1.8 trillion level. If the bearish trend continues, the total crypto market cap could drop to the $1.7 trillion level before the end of the week.

Bitcoin and Ether, the two leading cryptocurrencies by market cap, have lost more than 3% of their values in the last 24 hours. Bitcoin has dropped below the $40k psychological level while Ether is trading below $3k for the first time in weeks.

However, DCR, the native token of the Decred ecosystem, is up by more than 18% in the last 24 hours. Thus, making it the best performer amongst the top 100 cryptocurrencies by market cap.

There is no clear catalyst behind DCR’s ongoing rally, with the broader market currently underperforming.

Key levels to watch

The DCR/USDT 4-hour chart is bullish as the coin has outperformed the market in the last 24 hours. However, the technical indicators show that it could be due for a trend reversal if the broader market continues with its current bearish performance. 

The MACD line is above the neutral zone, indicating bullish momentum. The 14-day RSI of 66 shows that DCR could enter the overbought region if it gains the support of the broader market. 

At press time, DCR is trading at $67.2 per coin. If the current momentum continues, DCR could rally past the $70 mark before the end of the day. However, it would need the support of the broader market to reach $75 over the coming hours and days.

DCR could drop below the first major support level of $63.4 if the broader market continues to be bearish. However, it should defend the second major support level at $59 over the next few hours.

The post Why is Decred up by more than 15% today? appeared first on Coin Journal.

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Where does Bitcoin go next after dropping below $40k again?

Bitcoin has dropped below the $40k level again as the broader market continues to struggle.

The cryptocurrency market has been struggling over the past few days, and the bearish trend could continue in the coming days. The broader market has lost more than 4% of its value in the last 24 hours.

At the moment, the total cryptocurrency market cap has dropped to the $1.8 trillion level. If the bearish trend continues, the total crypto market cap could drop to the $1.7 trillion level before the end of the week.

Bitcoin, the world’s leading cryptocurrency by market cap, has lost more than 3% of its value so far today. At press time, BTC is trading around $38,900 per coin. Bitcoin has lost more than 8% of its value in the past seven days.

The latest bearish trend puts Bitcoin even further below its all-time high price of $69,044, which was achieved in November 2021. 

After dropping below the $40k psychological level, the bulls would need to defend the $35k support region to allow Bitcoin to regain its value of around $45k in the short term.

Key levels to watch

The BTC/USD 4-hour chart is bearish at the moment as the bears control the market. The technical indicators show that BTC is underperforming and could soon slip lower.

The MACD line is below the neutral zone, indicating a bearish momentum currently in play. The 14-day RSI of 30 shows that Bitcoin is currently in the oversold region and could face further selling pressure in the short term. 

If the bearish trend continues, Bitcoin could drop below the first major support level at $37,527 over the next few hours. In the event of an extended bearish run, BTC could be forced to defend the major support level at $35,000.

The post Where does Bitcoin go next after dropping below $40k again? appeared first on Coin Journal.