Schlagwort: crypto business

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Highlights April 18: Decred jumps 17% against gloomy market backdrop

The crypto market as a whole was mostly lower, with the majority of top 10 cryptos registering losses over the past 24 hours. 

Top cryptos

Bitcoin lost around 3% of its value and was priced at $39,000 at the time of writing. Other cryptos were also lower, including Ethereum and XRP, down 5% and 6%, respectively. Cardano registered losses of 7%, making it the biggest loser in the top 10. 

Top movers

Almost all top 100 coins were in the red at the time of writing. Against this background, the Decred price jumped sharply, reaching an all-time high since January 22 this year. 

Decred is a protocol created to facilitate open governance, community interaction, and sustainable funding policies. One of the likely reasons for its surge is the recent consensus changes its members have approved. 

Some of the most recent votes were related to automatic ticket revocation, reverting treasury expenditure policies, and concrete version upgrades. Another reason is the increasing demand for privacy tokens.

The only other coin in the green was Stacks, with gains of 6%. Ryder recently announced the launch of an NFT collection, and minting prices are in STX, Stacks’ native token. Web3 wearables and a social wallet are also in the works. 

On the other end, Kyber Network’s KNC token shed 12% of its value. Zilliqa, Waves, EOS, and Filecoin are also reversing recent gains, each down around 10%.

Trending

The biggest gainer today is Metacyber, a virtual blockchain-based metaverse set in a space where one can explore, play, trade, and socialize with other players. Its in-game currency and utility token METAC is up 629% in the last 24 hours. 

The token can provide access to an abundance of virtual assets, upgrades, and services in the Metacyber ecosystem.

The post Highlights April 18: Decred jumps 17% against gloomy market backdrop appeared first on Coin Journal.

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Ethereum vs Cardano: Which is a better buy?

Ethereum and Cardano are some of the best-known blockchains in the industry. They are also some of the largest, with Ethereum having a market cap of more than $351 billion. Cardano has a market value of over $28 billion and is the eighth biggest cryptocurrency in the world. In this Ethereum vs Cardano comparison, we will identify the better buy between the two.

The case for Ethereum

Ethereum is a dynamic blockchain project that is helping people build all types of decentralized applications (dApps). Some of the most popular dApps are in the decentralized finance (DeFi), non-fungible token (NFT), and gaming industries. 

There are several reasons why Ethereum is better than Cardano. First, it has a better brand recognition considering that it was among the first cryptocurrencies to be established. As such, it is the second most popular cryptocurrency after Bitcoin.

Second, it has the biggest ecosystem in the blockchain industry. Its DeFi apps have a total value locked (TVL) of over $120 billion, giving it a market dominance of over 52%. It also has a leading market share in industries like non-fungible tokens (NFT) and gaming. Some of the most popular platforms in the industry like OpenSea, Bored Ape Yacht Club, and Decentraland use Ethereum.

Finally, Ethereum is in a transition to become a proof-of-stake (PoS) network. The merge of the current Ethereum and the Beacon Chain will happen in Q3 of this year and will help transition the network to the faster proof-of-stake network. Here’s how to buy Ethereum.

The case for Cardano

The next part of the Ethereum vs Cardano comparison looks at the latter. Cardano is a similar blockchain project that offers fast speeds and lower transaction costs. Unlike Ethereum, it was built using a proof-of-stake (PoS) consensus. 

While Ethereum has a bigger ecosystem, there are several reasons why some analysts believe that Cardano is a better investment. First, it is a relatively new platform that has millions of fans globally. Indeed, on-chain data shows that Cardano has some of the most active holders in the market.

Second, since Cardano is a newer platform, analysts believe that it has a longer runway for success than Ethereum. They see Ethereum as a mature platform whose growth will be limited.

Third, Cardano’s ecosystem is growing, with the number of developers building in it rising. Some of the top apps in the ecosystem are SundaeSwap and MinSwap. Here’s how to buy Cardano.

Cardano vs Ethereum

In my opinion, I believe that Ethereum is a better buy than Cardano because of its strong ecosystem and the ongoing transition to Ethereum 2.0. A faster and cheaper Ethereum will remove the incentive for developers to build on alternative chains.

The post Ethereum vs Cardano: Which is a better buy? appeared first on Coin Journal.

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The best cryptocurrencies to buy with rising US inflation

Bitcoin has often been described as a hedge against inflation, and for good reason. It can be a good store of wealth even though it has its own volatile nature. But in addition to this, there are still other crypto assets that can help you weather the storm of inflation better. Here is why:

  • Crypto assets are now part of the mainstream financial industry.

  • There is a lot of liquidity in the crypto market, so it’s easier to convert assets into money.

  • The value of crypto still has so much potential for future growth.

So, if you are worried about the rising inflation in the US, we have two crypto assets that may help avoid this. Here they are:

Pax Gold (PAXG)

Pax Gold (PAXG) is a stablecoin whose value is directly linked to the price of gold. In essence, the coin moves in tandem with how gold prices move in the real market. Now, as you know, there is no better hedge against inflation than gold.

We have in fact seen gold prices surge in recent days as new inflation data comes out in the US. Pax Gold allows you to get exposure to the precious metal by simply buying decentralized crypto assets.

Bitcoin (BTC)

If you are not sure about gold, you can always revert back to the ultimate hedge against inflation in crypto. Bitcoin (BTC) has always been a huge part of investment portfolios around the world simply because of its immunity against runaway inflation.

Besides, the value of BTC can dramatically increase in the process. Bitcoin has also off late started to correlate with tech stocks. Tech stocks have often been seen as growth assets and as such, the coin can expose you to more growth in the tech industry while preserving your precious dollars.

The post The best cryptocurrencies to buy with rising US inflation appeared first on Coin Journal.

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Terra (LUNA) aims to smash past $100 in the coming days

We have seen some decent positive momentum for Terra (LUNA) over the last three trading sessions. The coin however appears to have stagnated but there is still more upside for growth. Here are some key facts to note:

  • LUNA has fallen sharply from its $119 highs at the beginning of April.

  • The coin is however consolidating and could surge towards $100 in the days ahead.

  • This will represent a 15% upswing from the current price.

Data Source: Tradingview 

How soon will LUNA hit $100?

After recording modest gains over the last two sessions in a row, LUNA appears to have stagnated. The coin is largely trading sideways, but this is actually a good thing. It means we are seeing some price consolidation following the steep correction LUNA reported after hitting $119 on April 5. Once this consolidation is done, LUNA bulls will likely take over.

This will happen in the next few days, in fact, we expect LUNA to test $100 at the beginning of trading next week Monday. The run will represent a 15% gain from its current price. The key for bulls however will be to see off any sell-off after hitting the $100.

As we have seen with many coins this year, when a decisive bull run breaks out, investors are locking profits at crucial resistance zones. The $100-mark is one such resistance for LUNA, and if bulls decide to lock profit at this price, a fall; towards $80 will be inevitable. But in the short term, the possibility of a $15 – 20% gain is highly likely.

How far can the uptrend go?

We are not sure there will be enough bullish momentum to take LUNA above $100. In fact, this price will be a huge supply zone.

Unless something drastic happens, the upswing potential for the coin is severely limited for now. But if the token can sustain gains above $100 for a few days, then a surge towards $120 is not out of the question.

The post Terra (LUNA) aims to smash past $100 in the coming days appeared first on Coin Journal.

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AEX lists FLUX, announces $30K giveaway

AEX, one of the earliest digital asset exchanges, has listed FLUX, the exchange posted on its website. The FLUX/USDT spot trading pair will open at 09:00 UTC on April 16. 

The following events will precede the official opening. 

Deposit event 

During the deposit event, users can net recharge any amount of FLUX, and the rewards will be disbursed according to the share of the net recharge. The total reward pool is equivalent to $5,600 in the Global AEX Token (GAT). Rewards will be charged on a first-come, first-served basis while stocks last.

FLUX Trading Contest 

The next event is the FLUX trading contest. Any user who has a transaction behavior in the FLUX/USDT currency exchange pair can qualify. The winner gets the equivalent of $3,000 in GAT. Those ranking from second to fifth will share a GAT equivalent of $3,000.

Telegram AMA Promotion 

The second to last event involves a $400 FLUX giveaway, to be split by two people. They will compete in the AMA Q&A interaction in the official AEX English Telegram group.

Finally, there is the FLUX Official Group Promo, where users in the FLUX official group forward the FLUX event poster to the project group and fill in the form to share a $200 FLUX airdrop reward.  

About AEX

As one of the first digital exchanges in the world, AEX has always played a critical role in token trading and circulation. It has gradually evolved its positioning from the original transaction matchmaker, with the market growing in size and various cryptocurrency derivatives emerging in recent years. AEX has become a global digital asset management service provider that advocates stable asset appreciation and safe investment.

About GAT

GAT is a globalized universal credit token launched by AEX. It was trading for $0.06 with a 24-hour trading volume of $29.3 million at the time of writing.

About FLUX

Flux reflects the latest generation of scalable decentralized cloud infrastructure. It is said to allow users to develop, manage, and spawn applications on multiple servers.

The Flux Ecosystem is a fully-operational suite of decentralized computing services and blockchain-as-a-service solutions, which offer an interoperable, decentralized, AWS-like development environment. 

FLUX was trading for $1.48 with a 24-hour trading volume of $11.6 million at the time of writing.  

The post AEX lists FLUX, announces $30K giveaway appeared first on Coin Journal.