Schlagwort: crypto markets

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

Top cryptos

This market was mixed over the past 24 hours, with some of the top 10 cryptos registering gains, while others registered losses. 

Bitcoin was around 2% higher, trading below $30,000 this morning. Ethereum and Cardano registered small gains, while XRP and Solana registered small losses.  

Top movers

Outside the top 20, most coins registered slight gains. Notable standouts include Ethereum Classic and Kava with 11% each. Ethereum Classic is going against the market, possibly gaining on news of an associated NFT giveaway. 

Kava’s EVM launch is tomorrow. It is expected to add some value to their L1 space. TerraUSD added almost a quarter to its value today, but is still trading for a fraction of its former price at 10 cents. 

On the losing side, NEM and Decred are down by around 5% each, reversing recent gains.  

Trending

The biggest winner today is Diamond Love (LOVE), the token of Diamond Network, a new multichain platform.

It is said to help blockchain developers easily deploy custom blockchains and decentralized applications and easily connect to the Diamond ecosystem.

Diamond Network is positioned to become a leading multichain network among blockchains built on Polkadot’s Substrate Framework. It is up 2,244% today.  

The post Highlights May 25: Market bullish, Ethereum Classic and Kava lead the way appeared first on CoinJournal.

The live Alchemy Pay price today is $0.025 with a 24-hour trading volume of $192.7 million. Alchemy Pay is up 13.00% in the last 24 hours. 

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

Top places to buy ACH now

Coinbase

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy ACH with Coinbase today Disclaimer

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy ACH with Swapzone today

What is ACH?

Alchemy Pay (ACH) is a payment solutions provider that seamlessly connects fiat and crypto economies for global consumers, merchants, developers, and institutions. 

It provides online and offline merchants with convenient acceptance of both fiat and crypto, enables easy onboarding to blockchain ecosystems, and makes web3 services highly accessible.

Should I buy ACH today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

ACH price prediction

Tech News Leader provides a moderately bullish outlook on ACH. They predict it will only go up to $0.030 in 1 year. However, they believe it will be worth $0.098 in 5 years and $0.62 in a decade. 

ACH on social media

#ach is pumping!!!
Finally a breakout out of the falling wedge!$ach need now a successful retest! pic.twitter.com/gjsYMIh66u

— LeonXYO (@LeonMay07861086) May 24, 2022

The post Alchemy Pay token ACH is up 13%: here’s where to buy ACH appeared first on CoinJournal.

It’s never financial advice and doing your own research before investing is the way to go. But then again, what does DYOR mean? 

Well, it might mean learning to navigate the market with the help of lessons others have learned along the way.

One such lesson could be how to survive a bear market. In crypto, there is a pseudo-written rule for this – no matter what HODL.

According to crypto analyst Ran NeuNer, that is the trick. However, it takes patience. In comments shared on Tuesday, the analyst says rushing a bear market might only yield one result – you get wiped out. Here’s where he opines:

Remember that “a bull market is a sprint [while] “a bear market,” with all the pain, “is a marathon.”

1/Firstly, come to terms with the fact that the bear market will last way longer than you anticipated, just like the bull market ended way sooner than you predicted. A bull market is a sprint, a bear market is a marathon. Prepare yourself mentally for a tough road ahead!

— Ran NeuNer (@cryptomanran) May 24, 2022

That’s not all. In a bear market, it’s pointless to keep checking prices and Crypto Twitter might not be your friend.

2/Stop looking at the screen. Checking prices in a bull market is fun, it re-affirms what a genius you actually are 🤣! In a bear market it will not only distract you from the fundamentals but sudden temporary price declines may also cause you to panic and sell.

— Ran NeuNer (@cryptomanran) May 24, 2022

As Binance CEO Changpeng Zhao observes, projects need to use the bear market to build. For an investor, this is the time to check out projects, focusing on their fundamentals, NeuNer notes. 

Seasoned investors will also tell you that a bear market provides for a buy-the-dip opportunity. However, it pays to be careful as this is also the time the market gets literally flooded with meaningless tokens targeting new investors.

The post A bear market is a marathon- prepare yourself: analyst appeared first on Coin Journal.

Leading US-based crypto exchange, Coinbase has become the first crypto company to make it to the list of the Fortune 500 companies, an annual list of America’s largest companies by revenue. Coinbase ranks at position 437 in the Fortune 500 companies for 2022.

The development comes despite the current challenges facing Coinbase that have largely been brought about by a bearish market. The Fortune ranked companies based on their 2021 revenue when Coinbase performed quite well.

The revenue threshold for the 2022 Fortune 500 list was $6.4 billion and Coinbase’s revenue for 2021 was $7.8 billion. The threshold was 16% higher compared to the previous year’s limit.

2022 Coinbase performance

2022 has so far not been very rosy for Coinbase. It has posted net revenue of $1.16 billion in its first quarter with a net loss of $430 million. In comparison, Coinbase had posted a revenue of $2.49 billion in the fourth quarter of 2021.

The poor performance of Coinbase in the first fiscal quarter is because of a drop in the trading volumes across crypto exchanges because of the recent crypto price plunge.

As a result Mizuho Securities recently revised its estimates for Coinbase’s full-year 2022 revenue downwards to $5.6 billion from a previous estimate of $6.7 billion.

Coinbase shares are currently trading close to all-time lows at $66 and they have dropped to as low as $40 this month. They have dropped by over 88% from their debut price which was above $328.

As a result of the current turbulent market, Coinbase’s CEO and president, Emilie Choi, recently pointed out that the company will slow hiring.

Choi said:

“Heading into this year, we planned to triple the size of the company. Given current market conditions, we feel it’s prudent to slow hiring and reassess our headcount needs against our highest-priority business goals,”

Choi however assured investors that Coinbase has a strong position and its balance sheet was solid noting that Coinbase has been through several market downturns and emerged stronger every time.

It will be interesting to watch how the crypto exchange performs this year and whether it will make it to the Fortune 500 list in 2023.

The post Coinbase becomes the first crypto company to join the list of Fortune 500 companies appeared first on Coin Journal.

It would be an understatement to say that MIR, the native token of Mirror Protocol, has exceeded analysts’ expectations. It has gained 85% just today and it seems that’s just the beginning.  

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

Top places to buy MIR now

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

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

What is MIR?

MIR is the token of Mirror Protocol, which has a wide range of uses, among which trading synthetic tokenized assets on the Terra blockchain. 

Real shares like Tesla and Netflix are examples of these tokenized assets that you can trade on Mirror. Crypto holders can also use it to buy gold and other commodities. 

Experts in the cryptocurrency industry expected MIR to plunge together with LUNA and UST because it’s based on Terra’s blockchain. However, MIR is not algorithmically linked to UST like UST is to Terra Luna. This saved it from downfall.  

Should I buy MIR today?

MIR can definitely 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. 

MIR price prediction

Wallet Investor warns that MIR is a bad investment. Price Prediction is moderately bullish, predicting an average price of $0.61 next year. In 2024, they expect 1 MIR to trade for at least $0.86. 

MIR can be expected to break $1 that year, reaching $1.03. In 2025, the price of 1 MIR is expected to reach a minimum of $1.25. 

MIR on social media

📊INSIGHT$MIR market cap measured hourly has been above $76.891M for the last 7 hours, significantly above the 7-day average. https://t.co/5HB4bAUb3I#mirrorprotocol pic.twitter.com/zeFRQybnea

— LunarCrush (@LunarCrush) May 24, 2022

The post Top places to buy MIR, which gained 85% today appeared first on Coin Journal.