Schlagwort: crypto business

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Best places to buy AAVE, which added a third to its value today

AAVE broke the top 50 biggest coins by market cap and just pushed past $240. It achieved a 24-hour trading volume of $2.2 billion and gained 33% today.

Look no further than this short article for all the details about AAVE: what it is, is it worth investing in, and the best places to buy AAVE now.

Top places to buy AAVE 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.

Buy AAVE with eToro today

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy AAVE with CAPEX today

What is AAVE?

AAVE is a DeFi protocol that lets people loan and borrow crypto. Borrowers can use crypto to take out flash loans, while lenders can earn interest by depositing it into special liquidity pools.

AAVE means “ghost” in Finnish. It provides holders on the platform with discounted fees. It is also used as a governance token.

This makes sure AAVE holders have a say in the protocol’s future development.

Should I buy AAVE today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.

AAVE price prediction

Coin Price Forecast predicts AAVE will rise to $256 by the middle of the year and close it at $282. The price for mid-2023 will be $270 and $281 at the end of the year.

Throughout 2024, the predicted value is around $243. Mid-2025, 1 AAVE will trade for $274. It will break $300 that year.  

AAVE on social media

The post Best places to buy AAVE, which added a third to its value today appeared first on Coin Journal.

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GMT‘s value almost doubled in 24 hours: here’s where to buy GMT

GMT’s value has been rising steadily since the beginning of March 2022, when it was listed on Binance. The token is skyrocketing on a teaser of a mysterious, but major upcoming partnership between STEPN and an unknown entity, believed to be Binance.

The coin currently ranks at #81 by market cap. If you are attracted to unique features and want to learn how and where to buy GMT, this guide is for you.

Top places to buy GMT now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy GMT with Binance today

KuCoin

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.

Buy GMT with KuCoin today

What is GMT?

GMT (Green Metaverse Token) is the governance token of STEPN. Its supply is capped at 6 billion tokens. STEPN is a Web3 lifestyle app with gamification design and fun social elements.

Players who have NFT Sneakers can walk, jog or run outdoors to earn tokens, which they can then use to mint new sneakers.

Players buy GMT and burn them in the app to upgrade high-quality gems, mint cool sneakers, and take part in governance voting among other features.

They can choose to sell or lease their NFT sneakers on the in-app marketplace. They store the funds accumulated in the in-app wallet, which features an inbuilt exchange function.

Should I buy GMT 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.

GMT price prediction

Digital Coin Price makes the following bullish prediction:

  • 2022: From $2.50 to $2.83
  • 2023: From $2.68 to $3.31
  • 2024: From $2.48 to $3.69

GMT on social media

The post GMT‘s value almost doubled in 24 hours: here’s where to buy GMT appeared first on Coin Journal.

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Terra to buy $10 billion worth of Bitcoin to back UST stablecoin

Terra plans to buy and hold up to $10 billion worth of Bitcoin, a massive haul of the flagship cryptocurrency that Terraform Labs says will be used to back the stablecoin TerraUSD (UST).

Instead of Terra holding cash reserves and other cash equivalents, it plans to hold enough BTC to back all the UST in circulation.

That, essentially, is the main script around Terra’s plan to purchase BTC worth up to $10 billion. CNBC ran a commentary on Terra early Tuesday.

Terra’s UST plans add to Bitcoin demand

On Monday, Terraform Labs founder and CEO Do Kwon revealed that the company had bought $135 million worth of BTC, bringing its Bitcoin purchases for 2022 to $1 billion. 

In an earlier comment on the move to buy as much Bitcoin, Kwon said:

“UST with $10B+ in BTC reserves will open a new monetary era of the Bitcoin standard. P2P electronic cash that is easier to spend and more attractive to hold Bitcoin”

UST, like other stablecoins, is pegged 1:1 to the US dollar and has its value relatively stable even as markets experience huge volatility. However, this stablecoin wants to switch from being a decentralised, algorithmic currency backed by cash reserves and other equivalents, to one backed by Bitcoin.

And indeed one of the narratives that have pushed Bitcoin higher these past few days has been an aggressive accumulation by whales. Bitcoin jumped to highs above $48,000 on Monday, bringing its 30-day gains to over 20% and pushing its value into positive territory year-to-date.

Terra’s LUNA also gained big, breaking from around $90 this past week to hit highs above $106. Meanwhile, UST’s market cap rose to over $16 billion to make it the 14th largest crypto project.

Regulatory attention?

A CNBC report on Terra’s big bet on Bitcoin and UST says some analysts are warning this “might not sit well” with US regulators. This is because regulators have previously raised concerns over stablecoins and their potential to pose risks to the financial system.

And while Treasury secretary Janet Yellen recently said the US would look to provide a regulatory framework that aids crypto innovation, concerns about stablecoins remain.

In 2021, the SEC subpoenaed Terraform Labs and CEO Do Kwon, amid allegations of violations of US law. Kwon sued the SEC back and earlier this year, a US court ordered Terra to comply with the subpoenas.

Could UST attract more attention now? Possibly, according to analysts cited by CNBC, with any likely developments coming even as lawmakers look to hasten the development of a digital dollar.

The post Terra to buy $10 billion worth of Bitcoin to back UST stablecoin appeared first on Coin Journal.

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Waves (WAVES) hits record high – What do indicators say

Waves (WAVES) has hit record highs in a recent bullish run that appears to be stronger than ever. The coin has smashed past several key indicators and looks like bulls still have a lot of room to run. So, what should you expect next? More on this to follow but first, here are some notable developments:

  • Waves had rallied nearly 50% in 24 hours though it retreated slightly.

  • The 24-hour surge is part of a weekly uptrend that we saw last week.

  • The coin has now smashed past its all-time highs.

Data Source: Tradingview 

Waves (WAVES) – What comes next?

The rally today came on major news from the platform. Waves will now begin operations in the US and is setting aside a lot of money to bring in developers to the ecosystem. But this is not the only thing. Over the last 2 weeks, the coin has been rising and rising. 

It has gone past several resistance zones and unleashed a bullish momentum that has taken it well above its ATH. Although it is likely Waves will pull back, we do not see this happening in the coming days. 

In fact, waves is likely to test $60 in the days ahead before any sell-off even comes into the picture. The coin has for now paired all losses reported this year and is looking forward to Q2 with a vengeance.

Should you buy Waves (WAVES) now?

There is no doubt WAVES is on the run. Every indicator is bullish right now, so it’s the best time to buy for any short-term trader. Q2 also promises to be a very big period for this token. 

$60 is well in sight in the near term and as such, this gives investors a very good opportunity to make decent returns as they take advantage of this bullish sentiment.

The post Waves (WAVES) hits record high – What do indicators say appeared first on Coin Journal.

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Zilliqa (ZIL) could accelerate gains by nearly 100% before any major sell-off

Zilliqa (ZIL) has shot up massively in the last few days. The coin gained nearly 100% in one single day, and while most investors were expecting an immediate pullback, bulls just kept the coin going and going. It seems there are no sellers for ZIL, and it is likely this will remain the case for a while. Here are some pointers:

  • The recent two-week rally by ZIL has been astonishing, to say the least.

  • At one point, the coin was up 225% in just seven days before retreating slightly.

  • We do not see any sell-off pressure, and ZIL could add another 100% in the near term.

Data Source: Tradingview 

Zilliqa (ZIL) – Bulls are fully in charge

In most cases, when coins rally to the extent that ZIL has, it’s natural to expect that there will be a pullback. But don’t bet on ZIL to do this in fact, bulls are in full control right now. We expect the gains to extend further to around $0.15 before there is any loss of momentum. 

ZIL is currently trading at around $0.09. Although it has lost about 5% for the last 24 hours as some holders cash in, we expect the bullish momentum to resume. The $0.11 mark will be the most difficult for bulls to break through. 

While we expect the current ZIL momentum to rise above that, if bulls are not able to break the resistance, ZIL will fall. But this will not be a huge pullback. In fact, it will be a modest pullback to $0.08 which will still put ZIL at an all-time high in 2022.

How to play the Zilliqa (ZIL) uptrend

Well, the best play here will be to buy. As for the short-term traders, close when the price hits $0.15. For long-term investors, the risk of a major sell-off after $0.15 will increase. It would be best to see if the coin hits that mark and then track the pullback before you buy.

The post Zilliqa (ZIL) could accelerate gains by nearly 100% before any major sell-off appeared first on Coin Journal.