Schlagwort: crypto market news

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Wrapped Luna is gaining, up 9%: here’s where to buy Wrapped Luna

The live Wrapped Luna token price today is $0.000189 with a 24-hour trading volume of just under $9 million. Wrapped Luna token is up 8.61% in the last 24 hours.

This brief guide has everything you need to know about the Wrapped Luna token, including whether and where to buy Wrapped Luna if you choose. 

Top places to buy Wrapped Luna now

As WLUNA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase WLUNA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy WLUNA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for WLUNA

Now that you’re connected, you’ll be able to swap for 100s of coins including WLUNA.

What is Wrapped Luna?

Wrapped Luna (WLUNA) is a token on the Ethereum Mainnet that’s intended to represent Terra (LUNA) on this blockchain. It is a separate ERC-20 token created to track LUNA’s value. 

WLUNA was designed to allow LUNA owners to hold, trade, and take part in DeFi dApps on Ethereum. You can exchange 1 LUNA for 1 WLUNA and vice versa through a WLUNA partner. WLUNA requires 14 network confirmations.

Should I buy Wrapped Luna today?

Wrapped Luna can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

Wrapped Luna price prediction

GOV Capital is extremely bullish on WLUNA, forecasting it will trade for $157.24 in a year and for $454 in 5 years. Wallet Investor makes a similar prediction, but warns it may be highly unrealistic due to the nature of Wrapped Luna. 

Price Prediction seems more reasonable. They predict a minimum price of $0.22 and a maximum of $0.27 in 2025.  

Wrapped Luna on social media

The post Wrapped Luna is gaining, up 9%: here’s where to buy Wrapped Luna appeared first on Coin Journal.

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Fantom (FTM) jumps 6%: Github data shows Andre Cronje coding for Fantom stablecoin

Fantom native token, FTM, has surged by more than 6% today after Andre Cronje, one of the most prolific DeFi developers, was spotted doing some coding for the Fantom stablecoin platform.

Github data revealed the coding of the developer sparking an intraday FTM price rally from a low of $0.3243 to a high of $0.3755 outpacing all the top 100 cryptos.

At the time of writing, FTM was trading at $0.3599 up 6.78% in the last 24 hours.

Cronje back to the crypto space

Earlier in March, Cronje and Anton Nell announced that they have left Fantom and the crypto space at large. Their announcement caused a sharp sell-down of the token from which it had been struggling to recover.

Additionally, earlier in April, the developer declared in a blog post that “crypto is dead,” calling for more crypto regulations. He had also said that he had no intentions to come back to the crypto space but his Linkedin profile shows that he is currently heading an investment banking platform.

However, his return comes amid troubled times when FUSD, Fantom’s stablecoin, has been de-pegging gradually in the past week and is yet to recover. Its de-pegging comes after Terra UST also de-pegged from the US dollar making investors more skeptical about stabelcoins.

Working on the Fantom catastrophe

Cronje seems to be working on the Fantom FMint protocol, a platform on which FUSD is minted. The move comes amid the market pressure that has de-pegged the FUSD stablecoin, besides, the changes that Fantom introduced to its stablecoin mechanism also seemed to have tumbled FUSD, which is still below the $1 peg ($0.7013, down 12.74%).

The protocol did outline some of the measures they will take to maintain the position through the stablecoin but did not specify the time it will allow position covering. 

FUSD interest rate is expected to rise but according to the gradual FUSD de-pegging, it seems that the traders are not yet convinced by the move. 

The post Fantom (FTM) jumps 6%: Github data shows Andre Cronje coding for Fantom stablecoin appeared first on Coin Journal.

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UK regulators are looking into Terra’s debacle while weighing new crypto Rules

UK market regulators are looking into the Terra (LUNA) nosedive which started during the recent crypto market bloodbath. The market dip saw the largest crypto in the market, Bitcoin, drop as low as $26k while Terra dropped by almost 100%.

However, the regulators are not only paying close attention to the current LUNA dip but also to the entire crypto market in order to set new rules and regulations. 

Sarah Pritchard, Financial Conduct Authority Executive Director for Markets, while commenting on the news said that the recent stablecoins instability in the market “will absolutely need to be taken into account”. 

However, the team is working on developing and implementing new crypto assets rules later in the year.

Pritchard said:

‘’Innovation lasts if it works well, and clearly, we’ve seen the consequences and some of the issues that can arise.’’

Pritchard also noted that almost 70% of adults aging 40 or below bought crypto assets with the assumption that they were regulated. Her comment came amid the wake of the fallen Terra (LUNA) and its Terra USD (UST), a stablecoin that maintains a $1 to $1 peg.

Pritchard also hinted at crypto risks saying:

“In the last week where we saw significant price movements, it brings that into the fore and it shows the importance of making sure that people understand that that is a risk of where they put their money.”

In April, the Treasury said that it was planning to inspect the crypto market state for it to develop regulations that will issue stablecoins as well as wallet provisions. 

As we wait for more details from the upcoming Market Bill and Financial Services announcement, UK regulators are set to get new power later in the year from the Treasury where they will be in charge of all crypto assets regulations.

The post UK regulators are looking into Terra’s debacle while weighing new crypto Rules appeared first on Coin Journal.

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Sandbox (SAND) rallies after Coinbase said it intends to list it

Sandbox (SAND), the native token of The Sandbox Metaverse, rallied by over 13% yesterday after Coinbase, the largest crypto exchange in the United States, announced in a tweet that it is intending to list SAND on its platform.

Following the announcement, SAND has become one of the top gainers among the gaming tokens with its trading volume jumping by a whopping 224.90% to stand at over $1.2 billion.

At the time of writing, SAND  had slightly pulled back to trade at $1.29 after hitting a daily high of $1.38 following the announcement by Coinbase.

SAND featured on Coinbase roadmap

Coinbase had earlier on said that it will add 6 SPL tokens on the Solana network and around 45 different ERC-20 tokens on the Ethereum network.

Gaming tokens have been greatly affected by the crypto market bloodbath, with the SandBox token dropping by 54% in the past month, however, its latest surge seems to be recovering the loss. 

For the token to be energy efficient, greener, and cheaper, the ecosystem will be shifting over Polygon Matic, OxPolygon.

Enhancing Sandbox Web 3 development and Metaverse growth

Sandbox also announced that it has gotten a full-stack development technology from Cualit, an Uruguayan company with gaming experience. The firm will help them to bolster their blockchain innovations, and Web 3 developments together with other development capabilities

In the meantime, gaming category coins’ cumulative Market cap also rallied by over 9% with their total valuation standing at $13.6 Billion, and the trading volume surging by 8.5% to stand at $4.9 Billion. 

Big ETH whales also seem to be embracing gaming tokens at a time when the general crypto market is trading sideways. WhaleStats shows that in the last 24 hours, top gaming tokens like ApeCoin (APE), Decentraland (MANA), and Axie Infinity (AXS) joined the top 10 list of the most purchased gaming tokens.

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Highlights May 20: Major cryptos in the green, KNC outperforms the rest

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

Top cryptos

Bitcoin didn’t have much to be happy about on Thursday. The largest cryptocurrency was fighting to remain above $30,000, way below where it was trading less than a month ago.

The flagship cryptocurrency is doing well today, as are other major altcoins. It was recently changing hands at around $30,200, up almost 4% over the past 24 hours. The increase is mirrored by Ethereum, which rose a little more than 3.5% today.

Most other cryptos registered gains as buyers continue to opt for market cap leaders over smaller, riskier ones. Solana, XRP, Cardano, and Polygon have all registered gains. 

Top movers

Outside the top 20, the tendency was similarly bullish, with most coins adding 3-8% to their value. Notable standouts include Cosmos and Kadena, both up 12%, the latter reversing recent losses.

Cosmos just announced a $GNOT airdrop for holders or stakers of its native token ATOM. GNOT is the native coin of GNO Land, a platform for interoperable concurrent smart contracts that scale.

In what looks like market support for privacy coins, Monero and zCash have each added 11% to their value. 

Zilliqa is rallying, up 10% and counting after making an important announcement yesterday. The ecosystem launched a Web3 Alliance, which will identify promising cross-vertical projects and arrange introductions that lead to an investment.

Kyber Network Crystal‘s KNC token is easily the biggest winner of the day and the week with gains of 27% resp. 78%. It announced an exciting giveaway today and enjoys the overall trust of investors. 

On the losing side, Curve DAO Token and Convex Finance both dropped, by 11% resp. 4%. Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. 

TerraUSD’s losses are tapering off. Today, it’s only down by 7%. Its losses for the week stood at 49% at the time of writing.   

Trending

The biggest winner today is Neko Coin (NEKOS), a community-focused, decentralized cryptocurrency with instant rewards for holders. All fees go back into the ecosystem. 

Neko Coin focuses on supporting charities to help stray cats find shelter and care. The token has gained 1,950% today.  

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