Schlagwort: crypto market news

The crypto market is in full swing with most top 100 coins in the green at the time of writing. 

Top cryptos

Major cryptos had a strong day with Cardano gaining more than 13%, Avalanche adding more than 9%, Solana up more than 8%, followed by Ethereum which jumped more than 4%. 

Bitcoin was trading above $31,000 at time of writing, up around 5% over the past 24 hours. Cardano is rising as the Vasil Hard Fork Upgrade approaches. It is expected to improve the blockchain’s scalability and performance significantly. 

Top movers

Outside the top 20, the bullish tendency was also in effect, with most coins adding up to 7% to their value. 

Notable standouts include Tezos and eCash, each up 12%, Theta Network and Helium with gains of 13%, THORChain and PancakeSwap with gains of 10%, and Neo, up 11%.   

Theta is likely rising on news of Metapass, the first permissionless, decentralized NFT ticketing platform it is powering. Helium announced that community voting for HIP 51 closes tomorrow, June 7. People can vote for or against evolving the blockchain to “a network of networks in time.” 

Tezos announced free tickets to the Tezos x WeAreDevs World Congress 2022. The biggest winner of the week is Waves, up 55% in the last 7 days. 

No top 100 coins are in the red today, but there have been some losers this week. STEPN leads this category with losses of 14%, followed by Convex Finance with 13% and XDC Network with 12%. STEPN’s GMT token is still reeling from its China ban.  

Trending

The biggest winner today is Bee Inu (BEEINU), a community driven project with a real use case running on Binance Smart Chain. This case involves programming with a myriad of free videos for those who want to learn it. 

Bee Inu is a community coding education site, targeting younger people. They claim to have tools that make programming fun and easy. Today, BEEINU is up 679%.  

The post Highlights June 6: Cryptos in the green, Cardano soars appeared first on CoinJournal.

The price of the EGLD token, which is the native token of Elrond Network is on the decline and has dropped by more than 6% today after an announcement that the Elrond team had started investing malicious activity on its main decentralized exchange (DEX), Maiar.

At the time of writing, EGLD was trading at $72.39, down 6.01% after dropping from a daily high of $77.48.

Malicious activity investigation

Elrond Founder and CEO, Beniamin Mincu, tweeted that his team was investigating “suspicious activity” on Maiar adding that his team will be providing the update “soon.”

Investigating a set of suspicious activities on the Maiar DEX.

We are here, all hands on deck.

Will update as soon as analysis is clear.

— Beniamin Mincu 🔥🌓 (@beniaminmincu) June 5, 2022

In a later tweet Mincu said:

“Identified the potential issue, and working on an emergency fix.”

Almost 7am here.

Team still focused on deck.

Identified the potential issue, and working on an emergency fix.

Will update again once fix is deployed.

P.S. Remarkable support from the Elrond community 🙌 https://t.co/98PpvlssGS

— Beniamin Mincu 🔥🌓 (@beniaminmincu) June 6, 2022

According to the reports, the Elrond Network went offline by a way of a “scheduled maintenance” with a message on its site noting that “operations will resume shortly.” However, the exchange has been offline for more than 7 hours.

Now, the rumors are spreading fast with some Elrond supporters saying that the network might have been compromised. 

Elrond blockchain has not gone down there has been an attempted exploit on the Dex. This was stopped. Do not spread fud

— PlanZ⚡️herotag @cryptotaptor (@BoomerRang54) June 6, 2022

Elrond has assured its users that they will be updating them once they fix their systems.

Following the incident, both EGLD and MEX, the native token of the Maiar DEX is also down with MEX failing to recover from its significant price drop where it lost almost 90% of its value late Sunday evening.

Maiar, launched late last year, had announced a $1.29 billion liquidity incentive program to improve the activities on the new exchange platform as well as push decentralized finance (DeFi) adoption beyond the crypto space into the mainstream.

At the time of the launch, the smart contracts installed on Elrond and the ones built for Maiar were advertised as having gone through a “rigorous auditing and formal verification.”

The post EGLD price drops 6% as team starts investigating suspicious activity on Maiar DEX appeared first on CoinJournal.

Cryptocurrencies went in different directions over the past 24 hours, however, most top 10 cryptos were in the green, or showed price movements of less than 1%. 

Top cryptos

Bitcoin was up more than 2% this morning, holding above the $30,000 at time of writing. Leading the top 10 were Cardano and Solana, each rising more than 5% since yesterday. Most cryptos outside the top 10 gained 1-3%.  

Top movers

Most coins were flat, gaining or losing up to 5% of their value today. The biggest winner in the top 100 is Internet Computer Protocol (ICP), up 12%. 

It may be rising on successes of Sonic DEX and OGY, because Binance is delisting ICP/USDT futures (they will be settled on June 10), and/or due to the most recent Solana outage.  

Other gainers include Stellar Lumens, Bitcoin SV (a 2018 hard fork of Bitcoin Cash), IOTA, and Moonbeam at #100. Each added around 7% to their value. On the losing end, Kava and Maker each shed 4%.   

Trending

The biggest winner today is Metacyber (METAC), up 627% in the last 24 hours. MetaCyber is a metaverse located in space, which allows its members to play, explore, interact, and trade with other players. 

The post Highlights June 3: Cryptos mixed, ICP rises after Binance delists futures pair appeared first on CoinJournal.

The crypto market was in the red this morning, with the majority of top 10 cryptos registering losses. 

Top cryptos

Bitcoin was down around 5% at time of writing, trading below $30,000. Ethereum and XRP were around 6% lower, Cardano registered losses of around 7%, and Solana was down around 14% after yet another outage.

Cryptos outside the top 10 are likewise in the red. Polkadot has shed 7% of its value and Avalanche is down around 9%. 

Top movers

Outside the top 20, the tendency was similar, with most coins losing 5-9% of their value. The only gainers are Waves, up around 13%, and Golem (GLM), up 38%. Golem broke the top 100 today after Bitpanda listed it. It’s currently at #96.   

GLM is the token of a decentralized computation network, which claims to provide a new way of delivering redundant computing power to recipients on demand. 

The biggest losers of the day are Compound, Arweave, and Kusama, each down 12%.  

Trending

As Solana plummets, the top gainer is Sweet SOL (SSOL), a multilayer hyper-deflationary token that enables holders to generate passive income. They take advantage of an automated mining protocol to receive funds in their wallet. 

SSOL is up 2,522% today. The platform plans to develop a multilayered blockchain on top of Solana and Binance Smart Chain.  

The post Highlights June 2: Cryptos in the red, Golem token breaks top 100 appeared first on CoinJournal.

Axie Infinity’s native token, AXS, has rallied by about 7.2% over the past week and yesterday it jumped by over 19% making it one of the best performers in the top 100 crypto assets.

At the time of writing, AXS was trading at $22.70, after pulling back from yesterday’s high of $27.82. 

Before delving into why the price of Axie Infinity native token AXS has been rising over the past week, it is important to first explain what Axie Infinity is.

What is Axie Infinity?

Axie Infinity is a popular play-to-earn blockchain-based game where players buy NFTs of Pokémon-like monsters to battle each other. 

While playing, players get a chance of earning another token called the Smooth Love Portion (SLP), and they can trade them for other cryptocurrencies or exchange them for cash.

Why AXS price has been rising

The Builders Program has been the main newsmaker within the Axie Infinity ecosystem.

Axie Infinity (AXS) price surge especially yesterday was mainly due to an announcement by Sky Mavis, Axie Infinity development group. The group announced that the first batch of 12 projects has been accepted by its Builders Program which intends to introduce user-generated content to the Axie ecosystem.

Your Axie NFTs are a ticket to an infinite realm of experiences. Today, we take a major step towards making this a tangible reality.

We’re ecstatic to present the first 12 projects that we’ve accepted into the Axie Builders Program!https://t.co/iy2x9sXcR9

— Axie Infinity🦇🔊 (@AxieInfinity) May 31, 2022

Axie Infinity Builders Program acts as a laboratory for community-created experiences and games with the goal of rewarding developers who helps in creating gaming tools and experiences on its platform.

The chosen teams will get a minimum of $10,000 grants in AXS to facilitate their projects and also get full access to tech integrations like Ronin wallet transactions and Ronin Single-Sign-On, product teams, game design, and engineering.

In a statement Sky Mavis said:

“The Builders Program is one of many initiatives that will unlock more enjoyment and utility for your Axies, in this case from community built experiences.”

The company noted that it will be partnering with other major game studios to create experiences for Ronin and Axie Infinity.

In addition, Sky Mavis said:

“We will be accepting many more teams over time (and maybe even quite soon) and everyone should continue to build.”

The post Axie Infinity (AXS) has gained 7% over the past week: here’s why AXS has been rising appeared first on CoinJournal.