Schlagwort: crypto market news

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Will AAVE’s price double next year and where to buy AAVE – all the answers here

The live Aave price today is $286 with a 24-hour trading volume of $522.68 million. Aave is up 10.72% in the last 24 hours. If you want to know whether you should buy Aave or where to buy Aave now, just read on to find out.

Top places to buy AAVE now

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What is AAVE?

Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018.

AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.

Should I buy AAVE today?

Given the volatility that Aave has seen lately, predicting where the price will end up in the future might be difficult. Read price predictions and do market research to get a better idea. The next section will help.     

AAVE price prediction

Price Prediction forecasts Aave will trade for at least $421 in 2022. It can go up to a maximum of $484 with the average price of $435 throughout the year. In 2023, the price of Aave will be at a minimum of $646. It can go up to $742 with the average price of $663. The following year, it will trade for at least $931.

AAVE on social media

The post Will AAVE’s price double next year and where to buy AAVE – all the answers here appeared first on Coin Journal.

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Where to buy Uniswap, which gained almost 14% today after whales bought the dip

As more and more large-scale investors bought the dip, coins like CRO and Uniswap began rising again. The live Uniswap price today is just under $20. Uniswap is up 13.68% in the last 24 hours. This quick guide explains what Uniswap is, if you should buy it, and the best places to do that if you choose.  

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CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

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What is Uniswap?

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.

Should I buy Uniswap today?

Uniswap is very volatile like most cryptos. It sustained a long bear run recently and is beginning to regain value only now. Exercise great caution when making any decision that affects your finances. 

Uniswap price prediction

CoinQuora’s bearish market price prediction for 2021 for Uniswap was $14. In light of the current bullish trend, they believe it will reach $70 by the end of next year, even $75 in the first six months of 2022. Then the rise will taper off, but without major falls. In 2023, the price of Uniswap can go up to as much as $85.

Uniswap on social media

The post Where to buy Uniswap, which gained almost 14% today after whales bought the dip appeared first on Coin Journal.

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Where to buy Polkadot, the foundation protocol of Web 3.0

Polkadot is the tenth-largest cryptocurrency by market cap. It’s changing hands for $31.47 today with a 24-hour trading volume of $1.75 billion. Polkadot is one of the biggest top 10 winners with value growth of 7.33% in the last 24 hours. If you’re interested in unique features and want to know more about Polkadot, we wrote this guide just for you.

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eToro

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What is Polkadot?

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

Should I buy Polkadot today?

Never make any investment decisions lightly. Read analyses and price predictions and take all recommendations with a grain of salt.  

Polkadot price prediction

The DOT coin price prediction from Wallet Investor was bearish for the short-term, predicting that the price could average $25.73 by the start of 2022. Apparently, they were mistaken. Looking further ahead, they predicted it would climb to $51.4 by the end of 2022 and $129 by the end of 2025.

DigitalCoin’s Polkadot prediction estimated that the coin price could average $41.7 in 2022 and rise to $43.6 in 2023 and $52 in 2025. By 2028, DigitalCoin predicted DOT could trade at an average price of $114 with a peak at $119, Capital wrote.  

Polkadot on social media

The post Where to buy Polkadot, the foundation protocol of Web 3.0 appeared first on Coin Journal.

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Matrixport co-founder says crypto has potential to grow to a $10+ trillion market

  • Jihan Wu says the future of crypto could include exponential growth to a market worth over $10 trillion.

  • Bitcoin’s rally to an all-time high above $69,000 led the crypto market to a landmark breakout to $3 trillion in market cap in November.

  • Wu says even if 95% of projects fail, the 5% that thrive will have the potential to hit a valuation in the tens of trillions of dollars.

A decade of growth since the launch of Bitcoin has seen many market observers say that broader acceptance and wider institutional adoption means cryptocurrencies are here to stay.

This is also the view of Jihan Wu, a former CEO of Bitcoin mining company Bitmain, and currently the co-founder and chairman of Singapore-based financial services firm Matrixport. He is also the co-founder of Bitdeer Technologies, a crypto mining firm also based in Singapore.

Wu lays bare his long-term assessment of the market in a recent interview with Forbes, stating that even if most of the digital assets were to crash and disappear, those that survive will likely experience massive growth.

Crypto’s volatile yes, but…

The global cryptocurrency market capitalisation recently topped the $3 trillion mark as Bitcoin and other digital assets rallied to new all-time highs. However, the total market cap has since dipped, with Bitcoin losing over 30% of its value in a month as it dropped from highs of $69,000 to test support below $45,000.

Despite the price collapse, Wu is optimistic long term and sees the trajectory continues to be that of growth. He notes in the interview that volatility is part of the crypto market today, but as the market matures, long-term gains will dwarf any of the wild price fluctuations seen over the years.

“Even if 95% of today’s coins lose all their value and disappear, the remaining 5% will grow massively,” the crypto billionaire told Forbes during the interview.

He says the belief that cryptocurrency and blockchain technology have an enormous potential for growth saw him and Matrixport’s other co-founder John Ge Yuesheng launch the company in early 2019.

He and Ge Yuesheng were at the time convinced that despite the bearish outlook for Bitcoin and other digital assets, the industry would see “rapid growth in the future.” 

The two think it’s possible for the industry to grow to “tens of trillions of dollars.”

Wu calls DeFi a “breathtaking” innovation

Among sectors Wu is bullish about is the decentralised finance (DeFi) space, which he says is a “breathtaking” innovation.

In 2021, you could also add non-fungible tokens (NFTs) to that list of crypto innovations to spike interest across the market. And Wu believes that such growth points to the direction crypto is taking. He sees most crypto users being ‘here to stay’.

In his opinion, what crypto investors need most now are “advanced products” tailored towards meeting investment and wealth management goals. 

On regulatory uncertainty

Over the years, regulatory uncertainty has been, and remains, one of the biggest issues in the crypto market. Various crypto market executives and experts have called on authorities to seek regulations that support, not kill innovation.

Wu holds a similar view, but the former Bitmain chief says cryptocurrencies are unlike traditional finance systems and that the limitations that weigh down the legacy systems are unlikely to hamper crypto’s development.

The post Matrixport co-founder says crypto has potential to grow to a $10+ trillion market appeared first on Coin Journal.

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Market highlights December 24: Crypto’s Santa rally

The crypto market is booming on December 24 as Christmas Eve approaches. This led analysts to coin the term “Santa rally”.

Top cryptos

Bitcoin and Solana are leading the way in the top 5. Both gained around 6% today. Binance Coin is up around 4%. Outside the top five, Cardano is finally starting to reverse extended losses. It is up just over 8% at the time of writing.  

Terra continues its wild ride, down 13% yesterday, but up 15% both today and the day before yesterday. Crypto.com’s coin CRO has also gained 15%, recovering from recent losses.

Top movers

Dogelon Mars, a dog-themed meme coin with a name alluding to Elon Musk, Dogecoin, and Mars, entered the top 100 after gaining 38% this morning.

After NFT gaming ecosystem platform Sandbox raised $93 million in an investment round, the Sandbox (SAND) token price hit an all-time high of $3.45 on November 3. Then, it gained another 150%, reaching a peak of $8.51 about a month ago. It is currently trading for $6.26 and added 21% to its value today.

The live Internet Computer Protocol (ICP) price today is $28. Internet Computer is up almost 19% in the last 24 hours. It is surging on news that a new cross-chain bridge between Ethereum and Internet Computer would make it possible to support native ERC20 tokens on the ICP network. 

Arweave, a decentralized storage network that seeks to offer a platform for the indefinite storage of data, is up 17% today. The network is a self-described „collectively owned hard drive that never forgets.“

Decentraland is yet another top 100 metaverse token to begin recovering from recent losses. It has gained 15% today. Fantom is also up 15%. Enjin Coin, another metaverse token, has gained 11%.  

Dash, an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network, seeks to improve upon Bitcoin by increasing privacy and transaction speed. It has gained 14% today.

Following a rebrand to eCash (XEC), Bitcoin Cash ABC gained around 13%. It also redenominated to a 1:1000000 ratio.

The live Gala price today is $0.51 with a 24-hour trading volume of just over $1 billion. The gaming token is up 11.50% in the last 24 hours. 

Other top 100 winners include Holo, IoTeX, SushiSwap, and WAX, which added value of 10%, 12%, 13%, and 12% respectively.

Trending

PAPPAY is a cryptocurrency that can be used for digital purchases and online payments. The payment tool also provides holders with passive income. It’s easily one of today’s biggest winners, having added 242% to its value.

The post Market highlights December 24: Crypto’s Santa rally appeared first on Coin Journal.