Schlagwort: crypto business

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Ethereum whales are loading up on Chainlink (LINK) – Here is why you should do the same

Chain Link Image on a cell phone

Over the last few days, Ethereum whales have been loading up on Chainlink (LINK). In fact, LINK has overtaken Yearn Finance as the most traded asset by whales. So, what does this mean? And should you also follow this whale money? Here are some highlights:

  • As of now, LINK is the most traded crypto by 1000 of the biggest Ethereum whales.

  • This suggests that large ticket investors are bullish on LINK in the near and medium-term.

  • At press time, LINK was trading at $13.24, down around 6% over the last 24 hours.

Data Source: Tradingview 

Why are ETH Whales buying Chainlink (LINK)

It is important to keep in mind that 100 of the largest Ethereum wallets are worth $1.3 billion. So these are people with a lot of money to throw around, and any moves they make can have a lasting effect on the price action of any asset. In fact, we have seen the largest ETH wallet now holds nearly $168 million worth of LINK. This is huge, and it suggests that the coin is bullish.

Also, Chainlink has been making major moves. The project announced just yesterday that it is launching support for tokenized perpetual swap pools for Float Capital. Float Capital is based on Avalanche. Chainlink is also making major moves on NFTs in conjunction with Ethereum. This creates the perfect mix for future growth.

Why you should buy Chainlink (LINK)

Other than the recent developments that we have highlighted above, there is no doubt Chainlink is one of the main crypto projects by market cap. The coin had stagnated in terms of price movement over the last month or so.

But this does not in any way change the long-term outlook of this coin. LINK will be huge, and it’s one of those coins every crypto investor should consider having.

Want to learn how to safely invest in Chainlink? Check out our comprehensive Chainlink buying guide here or purchase from our recommended platform below!

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The post Ethereum whales are loading up on Chainlink (LINK) – Here is why you should do the same appeared first on Coin Journal.

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Fantom losses tapering off, is it time to buy the dip? Best places to buy Fantom

Fantom’s price plummeted after a major reshuffle in the developer team, but its losses are diminishing, and it looks like it’s getting back on track. The 40th biggest coin by market cap is down just 5% today.

If you are attracted to unique features and want to learn how and where to buy Fantom, this guide is for you.

Top places to buy Fantom now

Skilling

Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments, including 10 popular cryptocurrency CFDs with competitive pricing and fast execution time. Skilling offers a selection of trading platforms, including the proprietary Skilling Trader and popular, industry renown cTrader and MetaTrader 4 platforms, which can suit the needs of customers with different levels of trading experience.

Buy FTM with Skilling today

Nexo

Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.

Buy FTM with Nexo today

What is Fantom?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers with its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

Fantom is an open-source decentralized platform for DApps and digital assets that was created as an alternative to Ethereum.

It aims to overcome the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization.

The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Should I buy Fantom today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Fantom price prediction

DigitalCoin predicts Fantom will trade for an average of $1.68 this year and $1.82 in 2023. It will grow to $2.43 by 2025 and to $5.82 by 2030.

Despite Fantom’s lackluster performance, Price Prediction is also bullish. They forecast an average of $1.81 in 2022, $2.61 in 2023, and $5.30 in 2025. In 2030, it will have gone up to $32.

Fantom on social media

The post Fantom losses tapering off, is it time to buy the dip? Best places to buy Fantom appeared first on Coin Journal.

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BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program

BFARM, a new yield farming platform built on Binance Smart Chain (BSC), has unveiled its new BNB and BUSD stake and earn feature as well as an extensive referral program. BFARM platform offer users steady and fixed daily income and the additional staking feature adds to its list of assets that can be staked by the users.

BFARM specifically allows users to maximize their income by leveraging and staking their native Binance tokens and earning quick staking yields on the BSC network.

Staking BNB and BUSD on BFARM

To stake BNB on BFARM, users require a minimum of 0.05 BNB coins. On the other hand, if a user wants to stake BUSD, they require a minimum of $10 worth of BUSD.

One can choose to stake the coins using the 8-days lockup with a 140% return, 16-days lockup with 188% return, or 25-days lockup with 242% return.

The 8-days lockup plan is designed for short-term investors who prefer quick returns on their crypto investments. The 16-days and 25-days lockup plans on the other hand are for long-term investors and they also have giveaway bonus instant credits.

The 16-days lockup plan has a 2% giveaway bonus instant credit while the 25-days lockup plan has a 3% giveaway bonus instant credit.

BFARM Referral program

BFARM has also unveiled an extensive referral program to provide its users with an opportunity to earn as the ecosystem expands. By inviting more people to the platform, users get to earn extra coins.

The referral program groups the referrals into five groups depending on the hierarchy of those referrals.

Level 1 referral earn 5%, level 2 referrals earn 3%, level 3 referrals earn 2%, level 4 referrals earn 0.5% and level 5 referrals earn 0.05%.

The post BFARM launches a BNB and BUSD stake & earn feature and an extensive referral program appeared first on Coin Journal.

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The best altcoins to kickstart your March Investment Journey

The crypto market has been up and down lately. The volatile market is just so hard to predict but despite this, there are still some altcoins that remain very bullish from a long-term point of view. Here is why this is the best time to buy:

  • Most cryptos are trading way lower form all-time highs

  • The geopolitical and economic pressures are likely to ease in the near term.

  • Crypto still delivers more value than any other asset class out there.

Well, if you are thinking of starting March with some altcoins in your portfolio, here are three options to consider.

VeChain (VET)

VeChain (VET) has seen some incredible downturn this year. The coin is in fact down nearly 15% over the last week alone. But this bearish trend will not last. This is an altcoin that still has so much to offer, and the underlying fundamentals are quite incredible.

Data Source: Tradingview

For folks who are looking for assets to buy and hold for a year or thereabout, VeChain is really a good long-term bet. You just need to be ready for the short-term volatility.

Stacks (STX)

Stacks (STX) is actually one of the few crypto assets that have been surging recently. The coin is up nearly 35% in the last week and managed even to swing by 60% in 24-hour intraday trading. The layer 1 blockchain has a market cap of around $2.3 billion, and there is so much room for more growth. Like VeChain, it’s also a nice long-term bet.

Huobi Token (HT)

The Huobi Token (HT) is linked to the Huobi exchange, one of the largest crypto exchanges in the world. The altcoins have faced increased pressure due to the ongoing crypto crackdown in China. But it still remains a major player in this space and is likely to see more gains in the future.

The post The best altcoins to kickstart your March Investment Journey appeared first on Coin Journal.

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Analyst: Sanctions on Russia could push more people into crypto

Russia’s invasion of Ukraine has led to a cascade of events that in one way or the other, has helped shine the spotlight on crypto.

If you look at it, we see sanctions putting Moscow in an economic stranglehold, made worse by a ban on Russian oil and numerous companies exiting the Russian market.

On the one hand, we have Russians who are finding it hard to move their money into crypto. 

Why, because the ruble has plummeted to the floor, sanctions have hit banks, and payment giants like Visa, Mastercard, and PayPal have pulled the plug on transactions initiated from within the country.

“I think we may refer to 2022 as the year of the big catalyst for crypto because what governments did is actually force adoption,” said Ran Neuner, the host of CNBC’s Crypto Trader show.

Speaking to Al Jazeera, Neuner added that what governments have done, especially with the sanctions, is forcing people to look elsewhere.

He sees the whole banning and suspend thing as “ridiculous”- referring to the decisions by Visa and Mastercard, among other payment providers, to suspend services in Russia.  

According to him (as quoted by Al Jazeera) these events are going to force people to look for an alternative financial system- in this case, the financial freedom of crypto.

Crypto exchanges are reluctant to impose a blanket ban

Crypto exchanges- Binance, Coinbase and Kraken- have so far refused to institute a blanket ban on Russian users. But as Coinbase CEO Brian Armstrong said last week, even these exchanges might be forced toe the line if they are needed to.

“Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. Many of them likely oppose what their country is doing, and a ban would hurt them, too. That said, if the US government decides to impose a ban, we will of course follow those laws,” the Coinbase chief shared last week.

Exchanges are therefore screening accounts to block only those likely to help evade sanctions. Indeed, Coinbase said on Tuesday that it would be blocking 25,000 such accounts. 

It’s a small number given there are more than 17 million cryptocurrency holders, but still, a ban across all the major exchanges could hurt millions.

In 2021, a survey report showed that crypto was the fifth-most popular investment asset class in Russia. More people (17%) invested in cryptocurrency than in gold (16%) and stocks and shares (10%).

The post Analyst: Sanctions on Russia could push more people into crypto appeared first on Coin Journal.