Schlagwort: crypto market news

The price of Monavale (MONA) coin has risen by 50.81% today to trade at $472.75 at the time of writing. The coin has risen by 114.5% over the past month.

In this article, we will focus on what is causing the Monavale price to rally.

What Is Monavale (MONA)?

Monavale is a Creative Commons (CC0) powered by the open Metaverse and Web3 Fashion. It was launched in December 2020. 

Monavale (MONA) is the native token for the DIGITALAX platform and ecosystem which is the leading indie fashion NFT platform that features marketplaces like Metaverse boutique designs, digital fashion, and physical fashion.

DIGITALAX community consists of designers, modders, gamers, developers, and crypto enthusiasts. It also has a team that ensures that the communication flows by maintaining a regular schedule that can be reached from various social networks.

You can also check the platform staking dashboard where users can connect through a Web3 wallet (MetaMask).

Why is Monavale price rising?

There are two main reasons for the current bullish trend of MONA price and they are the CC0 DAO Membership NFTs news and the FUD FAQ release.

1. CC0 DAO Membership NFTs news

One of the main reasons that can be attributed to the current price hike is the news about the CC0 DAO Membership NFTs that will allow users to join the CC0 DAO by purchasing a membership NFT from DIGITALAX or other sale events or even by contributing to DAO through CC0 NFT auction.

2. FUD FAQ release

Yesterday, April 11, the team released a FUD FAQ, where it discussed the future of the NFT market and Web3 as well as highlighted the ongoing events in the industry.

DIGITALAX also released its March transparency report at the end of March giving a summary of the expenditures which showed that the team was well organized when it comes to the management of DAO’s other developments.

Besides, the DIGITALAX project has a staking dashboard, fantastic indie art, DAO governance, and a robust NFT marketplace.

The post Why did Monavale (MONA) price surge by over 50% today? appeared first on Coin Journal.

After a long wait, Shiba Inu (SHIB) has finally been listed on Robinhood. The meme-coin was listed today alongside other major cryptocurrencies that included Polygon (MATIC), Solana (SOL), and Compound (COMP)

The listing comes after a year of vigorous lobbying from the SHIB community which last year had collected signatures to appeal to Robinhood to list the dog-themed token.

Just last year, Robinhood CEO Vlad Tenev had indicated that the US trading platform had no real plans of listing SHIB anytime soon and in a Q4 2021 earnings call, he said:

“We’re being deliberate. We want to avoid triggering SEC registration requirements for cryptocurrencies.”

Robinhood is however yet made an official announcement and it does not seem as if the added coins are yet for trading yet.

Robinhood already supports Dogecoin (DOGE), which is also a dog-themed meme coin.

Shiba Inu (SHIB) price surge following the news

Immediately the news on SHIB listing on Robinhood broke, the price of SHIB shot up by over 10% and it was up by 15.65% at the time of writing.

The price of Shiba Inu has long stagnated below $0.00003 since the drop between the end of November 2021 and the end of January 2022. The SHIB community expects the Robinhood listing to propel the meme coin’s price to at least above $0.00003 even as it awaits the launch of Shiba Inu’s metaverse.

Plans to integrate Bitcoin Lightning into Robinhood

At this year’s Bitcoin Conference 2022 in Miami, Robinhood, chief product officer, Aparna Chennapragada, revealed Robinhood’s plan of integrating the Bitcoin Lightning Network into its platform to enable faster transactions.

The Lightning Network is a layer-2 network built on Bitcoin that allows speedier transactions at a much lower cost.

In a recent post, Robinhood said:

 “Enabling send and receive functionality is just the first step in an exciting journey for Robinhood Crypto. We’re building to enable customers to do more with their wallets and reduce cost wherever we can when they interact with the crypto ecosystem.”

The post Robinhood finally lists Shiba Inu causing SHIB price to surge appeared first on Coin Journal.

MinePlex price has been rising since April 6 and its bullish trend seems to be gaining momentum every day.

At the time of writing, PLEX was trading at $1.91; up 49.95% in the last 24 hours. It has hit a daily high of $2.0 and a daily low of $1.18.

Currently, its trading volume is $15.6 million which is slightly higher than the one it had on April 6 trading volume of $15.09 million.

In this article, we will focus on the factors causing the price of PLEX to rally.

Why is MinePlex price rising?

Before we delve into the reasons behind the price hike, let’s first explain what MinePlex is for the sake of those coming across the term for the first time.

In a nutshell, MinePlex is a mobile crypto bank that enables users to use fiat or cryptocurrencies for transfers, payments, and banking operations. It has two native tokens namely PLEX and MINE.

The PLEX token acts as a payment instrument and as an asset within the ecosystem and it has a mathematical algorithm that allows it to have a predictable price increase. The MINE token, on the other hand, is a non-volatile token with a fixed and it gives value access to the system’s services.   

MinePlex has four main components in its ecosystem: an online store MinePlex.Marketplace, a payment system Mineplex.Money, a new digital banking app Mineplex.Finance, and a business development platform MinePlex.Payment.

Now, onto the reason behind the bullish trend of the PLEX price.

New digital banking app, MinePlex.Finance, launch

One of the main factors that have resulted in the current price hike is the recent launch of a new digital banking app, MinePlex which set the coin price skyrocketing.

According to a press release, the new app will bridge main fiat currencies with PLEX tokens:

“MinePlex.Finance is independent from the MinePlex platform, although it requires the use of the project’s own PLEX tokens in order to utilize it. It comes as an advanced solution that can be used as a digital account, a payment app, or a mobile wallet for PLEX tokens and the main fiat.”

The post MinePlex price is up by more than 49% today: why is the price of PLEX rising? appeared first on Coin Journal.

KuCoin listed Findora (FRA) today, the token of a public blockchain with programmable privacy and full EVM compatibility. The supported trading pair is FRA/USDT.

Deposits effective immediately 

Deposits on the supported FRA network are effective immediately. Trading begins at 09:00 UTC tomorrow, April 12. Withdrawals will become possible at 10:00 UTC on April 13, 2022. 

Details 

The total supply of Findora is capped at 21 billion FRA. The issue price is $0.058. Findora uses the latest discoveries in zero-knowledge proofs and multi-party computation. This makes it possible for users to carry out private transactions with selective auditability.

The project was originally conceptualized as university cryptography research. It was launched to the public in 2021. 

Benefits of Findora 

This public, decentralized, multi-purpose transactional system allows users to operate over a ledger in a confidential, yet publicly auditable way. It hosts assets, transactions, and programmable contracts that guarantee privacy and compliance.

The blockchain runs on a decentralized network of operators not unlike Ethereum and Bitcoin. At the same time, it supports side ledgers, which a number of interoperable networks run. 

A conventional financial institution can use these side ledgers to replace the infrastructure it is operating on. This platform can issue all kinds of assets. Its mission is to resolve the challenges related to digital asset support and diverse financial use cases. 

The ecosystem is focused on retaining the transparency and public accessibility of other blockchain-based systems. It aims to achieve this privacy preserving transparency.

About KuCoin

KuCoin bills itself as a crypto exchange for, by, and of the people. It is leveraging cutting-edge technologies to create useful services to improve accessibility to the blockchain revolution.

The community KuCoin is helping develop will enable everyone to benefit from growth and to have their opinions heard.

KuCoin is creating an ecosystem around KuCoin Token (KCS), which will be the user’s guide into a flourishing decentralized world that all community members have helped build. 

The post KuCoin lists Findora, a public blockchain with programmable privacy appeared first on Coin Journal.

The crypto market as a whole was bearish with few coins in the green at the time of writing. The majority of top 10 cryptos registered losses over the past 24 hours.

Top cryptos

Bitcoin was priced at below $43,000 at time of writing. Other cryptos were also lower, including Ethereum, down around 1%, and Cardano and XRP, registering losses of 2% and 3%, respectively. 

Bitcoin dropped below $42,000 for the first time since March 23. The flagship crypto is sliding back further into the range in which it has traded so far in 2022. According to Bloomberg, this is due to mounting concerns about rising interest rates. 

In Asian hours today, it had dropped to $41,918. It has been retreating over the past week. 

Since the Fed announced tightening monetary policy, most major cryptos have seen their value decline. Surprisingly, last week’s Bitcoin 2022 conference in Miami did not have a positive effect on Bitcoin’s price.

Top movers

The top 100 was equally bearish. Two exceptions to the rule were Zilliqa (+4%) and Stepn (+6%). KNC, the token of Kyber Network, crashed into the top 100 today with gains of 15% in the last 24 hours. 

It expanded to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to a 50% price increase of Kyber Network’s KNC token yesterday.  

Trending

Shiba Toby continues to rally. Shiba Toby bills itself as “the ultimate all-in-one token, providing the very best in cutting edge coding”. Holders get 5% reward for each sell transaction. 

Shiba Toby is a hyper-deflationary token with an automatic distribution of rewards. It gained 2,266% today.  

The post Highlights April 11: Market bearish, KNC crashes top 100 appeared first on Coin Journal.