Schlagwort: crypto market news

Loopring (LRC) is currently rallying and has jumped by over 39% today and still maintains a bullish stance.

At the time of writing, Loopring was trading at, $1.17 after a slight retracement from a daily high of $1.21.

In this article, we shall look at what is causing the price of LRC to rise.

Why is Loopring’s LRC price rallying?

Before we take a deep dive into the current LRC price surge, it is important to first explain what LRC is.

In a nutshell, LRC is the native token of the Loopring protocol, an open protocol designed to build a decentralized exchange (DEX) for cryptocurrencies.

LRC is its Ethereum-based token.

Now, onto what is fuelling the current LRC price hike, and there the main factor propelling the price of LRC upwards is Loopring’s partnership with GameStop.

Loopring’s partnership with GameStop

Loopring has partnered with GameStop NFT marketplace to launch the GameStop NFT marketplace; something that has definitely led to a lot of excitement within the Loopring community and LRC token holders.

Loopring has joined Immutable X as an official partner of GameStop on its NFT Marketplace initiative. Immutable X partnered with GameStop’s NFT platform back in early February this year to enable “zero gas fees for trading and minting NFTs in a carbon-neutral environment”.

NFTs and the Metaverse, in general, have grown to become a force to reckon with around the world and they have become the center of attraction for digital ownership and gaming.

Loopring believes that many developers, users, and gamers have been left out because of the high costs. And to keep the players’ power blooming, there is a need to have a new world that is cheap, fast, and secure to its customer. The GameStop NFT marketplace will ensure that all users get the best digital property rights that are anchored by a decentralized, secure, and credible neutral environment (Ethereum).

According to reports, over 1 million NFTs have already been minted on the GameStop NFT marketplace after the launch.

The post Loopring (LRC) price rallies over 39%: what is fuelling the surge? appeared first on Coin Journal.

To say AltSwitch is surging would be an understatement. It surpassed a one-million market cap, unveiled a hardware wallet, and reached a series of lucrative partnerships at the 2022 AIBC UAE expo, an event attracting leading figures of the emerging tech world.

Look no further than this short article to find out what AltSwitch is, if it’s worth investing in, and the best places to buy AltSwitch.

Top places to buy AltSwitch now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

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

4. You can now swap your BNB for ALTS

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

What is AltSwitch?

AltSwitch aims to be „the mother” of all future Web3 apps and services, which will generate revenue and rewards for users. It is a unique BSC rewards token that gives holders full control over the coin, which they receive rewards in.

Holders of ALTS get access to rewards from any crypto asset listed on Binance Smart Chain. They will also have access to a lot of tokens soon.   

Should I buy AltSwitch today?

AltSwitch 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.

AltSwitch price prediction

Price Prediction is moderately optimistic. They predict the coin will reach a maximum of $0.003 next year. This isn’t very impressive as it’s currently worth $0.002. The highest it can go up to in 2024 is $0.004.

In 2025, ALTS will trade for $0.005 on average. It can go up to $0.006 that year.

AltSwitch on social media

24 BNB buy came-in a couple hours ago 🙌

Serious investors are coming 🐳#AltSwitch #BSC #BSCGems #x100coin #x1000coin #Crypto #DeFi #Blockchain #AIBC #Altcoin #Altcoins #ToTheMoon #DiamondHands #BullishAF #Retirement pic.twitter.com/hJt9bDsLnR

— AltSwitch (@altswitchglobal) March 23, 2022

The post Top places to buy AltSwitch, which gained 90% today appeared first on Coin Journal.

Loopring is up 40.87% in the last 24 hours on news of a partnership with GameStop for the GameStop NFT marketplace. It is trading for $1.17 at the time of writing.

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

Top places to buy LRC now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy LRC with eToro today Disclaimer

Coingate

CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.

Buy LRC with Coingate today

What is LRC?

LRC is the crypto token of Loopring, an open, Ethereum-based protocol aimed at building decentralized crypto exchanges. 

Loopring intends to bring centralized order matching with decentralized on-blockchain order settlement together into a hybrid solution, which will utilize the best of both worlds.

Loopring Protocol seeks to reduce or eliminate the inefficiencies of DEXs while retaining their advantages. It settles trades on-chain, but manages orders in a centralized manner.

It also combines multiple orders into circular trades rather than permit strictly one vs. one trading pairs. This way, the protocol expects to improve DEX liquidity while increasing the efficiency of order execution.

Should I buy LRC 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.

LRC price prediction

Wallet Investor is extremely bullish on Loopring. They expect a long-term increase. According to them, 1 LRC will trade for $4.65 in March 2027. A 5-year investment will yield earnings of around +295.49%. If you invest $100 in LRC now, you might have $395.49 in 2027.

LRC on social media

The #GameStop #NFT marketplace beta is now live!$GME has partnered with @loopringorg for this project, which is an #ETH L2 solution. 🤝#LRC skyrocketed after the announcement, resulting in a +41% gain. 🚀 pic.twitter.com/b3z8Z5FOkq

— Delta Investment Tracker (@getdelta) March 23, 2022

The post Loopring soaring on news of GameStop partnership: here’s where to buy LRC appeared first on Coin Journal.

• Bitcoin has traded in a narrow range in the $37k-$42k region to suggest higher volatility lies on the horizon.
• BTC price is up 3.8% in the past 24 hours, currently around $42,625 per coin.

Bitcoin is likely to see increased volatility in the near term, analytics platform Glassnode said in its March 21 issue of “The Week On-chain” newsletter to investors.

According to the platform, the futures and options markets suggest higher inbound volatility, with the outlook putting it around the ‘horizon’. This is the case even as on-chain activity points to a bear stranglehold of the market that still pins upside sentiment across the crypto space.

BTC price recovery

Glassnode points to Bitcoin’s recent recovery as having come amid low volatility and widespread consolidation. Indeed, the BTC price traded towards $37,000 last week before recovering to the key resistance area around $42,300.

Monday saw the flagship cryptocurrency retrace from the weekend highs amid fresh sell-off pressure, tracking US equities following inflation comments from Federal Reserve Chair Jerome Powell.

In Tuesday deals, Bitcoin broke higher once again to touch highs around $43,080. However, it’s retreated to currently trade around $42,625 to see it remain within the key narrow range.

Chart showing recent range low and range high for BTC. Source: Glassnode.

Derivatives point to volatility on the horizon

According to Glassnode, Bitcoin’s continued movement within the narrow range has come amid a period of low volatility. The scenario implies higher odds of a buildup of fresh volatility, the firm noted.

After pricing in short term implied volatility around the Fed rate hikes, futures and options markets now suggest higher implied volatility.

“Options implied volatility is coming off relatively low levels between 60% and 80%, which have historically been followed by periods of extremely high volatility. Such high volatility events in 2021 include the May sell-off, the short-squeeze in July, and the October rally to ATHs,” the firm noted.

Note that traders usually look to implied volatility as a prediction of just how risky a trade is likely to be based on the potential for the market to move in either direction.

The post Bitcoin derivatives suggest high volatility lies ahead, Glassnode says appeared first on Coin Journal.

The crypto market as a whole is bullish today. Major cryptos were in the green over the past 24 hours.

CNBC is reporting that Goldman Sachs will become the first major US bank to trade crypto over the counter, which is considered to be another important step in facilitating access to crypto for institutional investors.

The UK’s advertising regulator has put on notice more than 50 companies who are suspected of promoting misleading crypto ads across the country.

US markets ended their recent good run yesterday in the wake of rate rise comments from Jerome Powell. US markets have so far taken rate rises in their stride but balked at the hint of more aggressive monetary policy.

Top cryptos

Cardano up 6% together with Ethereum, XRP and Polkadot, which all gained more than 4%. Bitcoin was trading above $42,000 at time of writing, up more than 3% over the past 24 hours. Litecoin cracked the top 20. It’s up 6% today.

Top movers

Bitcoin Cash is a notable standout with gains of 12%. It is rallying just like Bitcoin Gold (+8%), which started gaining yesterday. Ethereum Classic continues its bull run, also up 12% today.

Other gainers include Elrond with 9%, Helium, Oasis Network, and EOS with 10%, and Dash with 8%.

The biggest mover by far is IoTeX, which added a quarter to its value. It recently released Mainnet v1.7, the next evolution of the IoTeX blockchain with security and performance upgrades.

The biggest weekly gainer is ApeCoin, up 980.26% in the last 7 days.

Trending

There’s another canine meme token in town – Teddy Doge, which is up 368% in the last 24 hours. It bills itself as a one-stop full-featured decentralized exchange.

It has liquidity, a swap, farm, aggregate transactions, 15 mainstream cross-chains, chain transactions, and chain chart systems, and more.

The post Highlights March 22: Major cryptos in the green, Powell comments end markets run appeared first on Coin Journal.