Schlagwort: crypto market news

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ANC doubles its value in 24 hours: where to buy ANC now

ANC, the native token of Anchor Protocol, has been rallying over the past two days. The Terra blockchain-based crypto doubled its value in just 24 hours, adding more than 100%.  

Its rally stems from an announcement made on May 21. Anchor is bridging Terra’s bETH tokens to Ethereum. Users can send their bETH tokens from the Terra protocol to Ethereum, swap them for stETH and earn staking yields of up to 4% APR. 

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

Top places to buy ANC now

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 ANC with KuCoin today

BKEX

BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.

Buy ANC with BKEX today

What is ANC?

Anchor Protocol is a lending and borrowing protocol offering high yields on stablecoin deposits. It was founded in March 2021 by Terraform Labs, which was in turn cofounded by Do Kwon, the creator of Terra.

The protocol uses revenue from the spread between borrowers’ and lenders’ interest rates to earn staking rewards. Its treasury, the Anchor Yield Reserve, covers its expenses when rates have not reached a stable equilibrium. 

Should I buy ANC 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. 

ANC price prediction

Digital Coin Price is quite bullish on ANC: 

  • 2022: from $0.57 to $0.66
  • 2023: from $0.62 to $0.75
  • 2024: from $0.57 to $0.85
  • 2025: from $0.80 to $0.99 

ANC on social media

The post ANC doubles its value in 24 hours: where to buy ANC now appeared first on Coin Journal.

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GameStop launches a non-custodial crypto wallet compatible with NFTs

GameStop, a video game retailer, has announced today the launching of its cryptocurrency and non-fungible token (NFT) wallet as it ventures into the world of digital assets.

GameStop said in a press release that the wallet is a self-custodial Ethereum wallet that will enable gamers and other users to send, store, receive and use NFTs and cryptos across the decentralized apps without the need of leaving their web browsers.

The company also noted that the web browser extension for the wallet is available on Chrome Web Store for download.

 The newly launched digital asset wallet will also allow transactions on the GameStop NFT marketplace; however, this is expected to launch in the second quarter (Q2) of the GameStop fiscal year which will be in early July.

GameStop popularity

GameStop’s popularity grew during the pandemic as an outstanding meme stock and earlier this year, in January, it partnered with immutable X to create the NFT marketplace. Immutable X, an Ethereum Layer 2 for NFTs created with StarkWare’s ZK-rollup technology, helps to lower gas fees as well as increase scalability.

According to the deal terms, Digital Worlds plans to give about $100 million IMX tokens to NFT developers and about $150 million to GameStop as it encounters certain milestones.

The post GameStop launches a non-custodial crypto wallet compatible with NFTs appeared first on Coin Journal.

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This is the reason Terra (LUNA) price jumped by over 50% over the weekend

Terra (LUNA) price has experienced a significant price hike over the weekend and into the early hours of Monday morning after holders burnt millions of LUNA tokens after Do Kwon, Terra Labs founder, sent a link address on May 21 to burn the LUNA tokens. 

However, Kwon later explained via a tweet that he was not for the idea of burning LUNA tokens.

Earlier today, May 23, Do Kwon clarified the confusion brought about by the address he shared and as more people rushed to send their tokens to the address. He warned people against sending their tokens via the link address to avoid tokens loss.

He added that he shared the link unwillingly as people kept on asking for the link address. He also noted that people can continue to send LUNA tokens of their own free will but he does not see any benefit in doing that.

Do Kwon said:

“People kept asking for the burn address – happy to provide for information purposes but want to clarify that you should not burn tokens unless you know what you are doing – i for one cannot understand.”

However, following the announcement, the price of LUNA has indicated some drop, and its currently trading at $0.0001997, up 18.46% from a daily high of $0.0002165. Terra UST is also trading at $0.07407, up 15.46% after it de-pegged from the $1 peg on May 9.

Meanwhile, the Terra community is still sending LUNA to the link address shared by Kwon as they believe that with a combined effort and support, they can push the price of LUNA to over $1.

Terraform Labs Revival Plan

Terraform Labs is carrying on with forking Terra after 66% of people voted for the plan. They believe that most validators are not interested in community opinion but in the fork. In this plan, there will be a new Terra blockchain without the UST stablecoin while the old chain will be called Terra Classic (LUNC). 

According to the proposal:

“Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. * TFL’s wallet 

The post This is the reason Terra (LUNA) price jumped by over 50% over the weekend appeared first on Coin Journal.

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Highlights May 23: Cryptos in the green, LUNA holders vote to rebuild protocol

The crypto market as a whole is bullish with most top 100 coins in the green at the time of writing. 

Top cryptos

Bitcoin gained slightly over the weekend and was trading just above $30,000 at the time of writing. It has seen a roughly 3.3% rise from its closing point on Friday last week. 

Ethereum, the second biggest crypto, also gained around 3% over the same period and is trading for just over $2,000, where it has in recent weeks. 

Outside the top 10, AVAX and Shiba Inu were the biggest winners, rising by more than 6%. Tron’s TRX is up around 3%, as are most top 20 coins. 

In the wake of Terra’s collapse, some investors are trying to escape from the project, while others are trying to pick up the pieces. 

Experts are warning that watchdogs will use the event to push for comprehensive stablecoin regulation. Four-fifths of Terra holders voted to rebuild the protocol on Terra’s governance proposal, but without the algorithmic element. 

Top movers

Outside the top 20, the tendency was similar, with most coins adding 3-9% to their value. Notable standouts include eCash with 14%, Neo with 17%, and Convex Finance and the associated Curve DAO Token with 13%.  

eCash is rising because a competition for a cash prize in its native token XEC is ending soon. Holders have been asked why they love eCash. The best answer will get 1 million XEC.

An exciting Moon Creatures NFT airdrop is coming up soon, and Neo’s token is gaining on the news. TerraUSD (UST) is currently trading for $0.07, up 13.63% so far today.   

At the other end of the scale, Kyber Network’s KNC lost 4% and Zilliqa lost 3%, both reversing recent gains.   

Trending

The biggest winner today is Sweet SOL (SSOL), a multilayer hyper-deflationary token that allows you to receive passive income in your wallet by holding through their mining protocol. 

Each transaction with SSOL provides for 3 functions: burning, reflecting and liquidity generation. SSOL has added 1,038% to its value today.  

The post Highlights May 23: Cryptos in the green, LUNA holders vote to rebuild protocol appeared first on Coin Journal.

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The land of the absurd: how did ANC gain 66% and where to buy ANC?

Sometimes things in crypto can be absurd. The Verge wrote in an article published on May 20 that Luna’s popularity was due to Anchor Protocol’s lending program, which promised annual yields of almost 20 percent.

Terra died, and Anchor Protocol’s token ANC is currently up 66% and gaining. 

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

Top places to buy ANC now

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 ANC with KuCoin today

BKEX

BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.

Buy ANC with BKEX today

What is ANC?

Anchor Protocol is a high-yield lending and borrowing protocol on stablecoin deposits. Lenders can deposit stablecoins and profit from their investments while taking advantage of low volatility at the same time – at least that’s what Anchor claims.

Anchor Protocol has attracted risk-averse investors looking for low-volatility, high-yield investments. It focused on LUNA and Terra’s stablecoin UST. 

Anchor Protocol is not the only lending protocol out there; it competes with AAVE, Compound, and more. It claims to stand out through its intuitive use and elegant user interface. 

The main value of the protocol is in connecting lenders and borrowers by offering the latter a way to borrow in stablecoin without losing their investments and the former a high interest rate on a purportedly stable asset. 

Should I buy ANC today?

ANC can be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value. 

ANC price prediction

Wallet Investor believes ANC is a bad long-term investment, echoing sentiment on Twitter that Anchor is ‘next’ after Terra’s crashed LUNA. Digital Coin Price is more positive, predicting a slight increase of ANC to $0.33 this year. 

As for the following years, they predict: 

  • 2023: From $0.31 to $0.37
  • 2024: From $0.28 to $0.42
  • 2025: From $0.40 to $0.49   

ANC on social media

The post The land of the absurd: how did ANC gain 66% and where to buy ANC? appeared first on Coin Journal.