Schlagwort: crypto markets

Avalanche’s (AVAX) price has rallied over 10% today following the news of the launch of Valkyrie, a prominent digital asset manager, and the increasing interest in Avalanche among institutional investors. 

At the time of writing, AVAX was trading at $67.25, up 10.91% after hitting a one-week high of $67.35 and the 11^th largest cryptocurrency by market cap.

Valkyrie announcement and interest among institutional investors

The rally was greatly influenced by the Valkyrie announcement on Wednesday in a press release about the launch of an investment trust dedicated to AVAX. With the announcement, the asset manager is anticipating that more institutional money will be drawn into the Avalanche blockchain since there has been a growing interest among institutional investors in AVAX after Ethereum’s plan to shift to the medium this year. 

The trust will allow institutional investors to acquire token exposure without buying them directly as well as invest in AVAX on their behalf, however, according to Valkyrie, the trust will be available to qualified investors only.

In addition, Valkyrie praised Avalanche as one of the fastest smart contract platforms in the entire blockchain industry.

Crypto market influence on AVAX

AVAX surge was also influenced by the broader crypto market which has experienced significant gains today.

The rise in the entire crypto market was influenced by the investors’ relief after U.S Federal Reserve raised the rates as anticipated. In the last 24 hours the total crypto market capitalization has experienced an increase of about $100 billion.

Proof-of-stake networks adoption

There has been a growing interest in other Proof-of-Stake, PoS tokens, like AVAX, ADA, and SOL as Ethereum plan to shift to a PoS network, besides, Avalanche is now being seen as a major competitor for Ethereum.

The institutional investors seem to be attracted to PoS tokens as an alternative investment to Bitcoin. This is because of the lower energy requirement in the Proof-of-Stake tokens as compared to that of Proof-of-Work tokens making it one of the best choices for environmentally conscious regulators.

Additionally, Digital fund managers like 21Shares, CoinShare, and Grayscale have also launched PoS-exposed products as the demand from their institutional clients continues to grow this year.

The post Avalanche (AVAX) price surges after AVAX dedicated investment trust launch appeared first on Coin Journal.

The ninth-biggest coin by market capitalization added almost 14% to its value during early Asian trading hours before a slight drop. 

Demand from retail traders was the driving factor for the growth. Live data showed a 186% increase in the number of wallets holding Cardano’s token ADA for more than a month, CoinDesk reported.  

This brief guide has everything you need to know about the Cardano network and coin, including whether and where to buy Cardano if you choose.  

Top places to buy Cardano 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 ADA with eToro today Disclaimer

Capital.com

Capital.com offers investors an award winning trading platform that can access multiple financial markets including the new and exciting cryptocurrency market.

Buy ADA with Capital.com today Disclaimer

What is Cardano?

Cardano is one of the biggest blockchains to apply a proof-of-stake consensus mechanism successfully, which is less energy intensive than Bitcoin’s proof-of-work algorithm. 

Cardano claims all of the technology developed undergoes peer review, which means that all ideas can be challenged before they are accepted. This process ensures the Cardano blockchain is stable and durable, increasing the likelihood of anticipating potential issues. 

As open-source code software, Cardano’s functionality runs on the premise of confidential transactions and crystal-clear transparency throughout the network.

The end users have the power with zero-disclosure evidence, facilitating the mathematical consistency of the entire transaction procedure.  

Should I buy Cardano 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.

Cardano price prediction

Digital Coin Price predicts ADA will pass $2 by the end of 2025. It will trade for at least $1.65 that year. 

The Reddit community forecasts ADA can go up to $1.80 by the end of this year, but it will reverse gains thereafter. 

Cardano on social media

It’s official 🥳#Cardano winning polls and @cardano_whale saying „nice poll“ is now a #crypto meme

Deal with it ETH bois 🤣 pic.twitter.com/6NtNZtF7gi

— Cardanian (@Crypto_Goaat) May 4, 2022

The post You can buy Cardano, which is at the fore of the market rally: here’s where appeared first on Coin Journal.

The Fed interest hike reflected on the whole crypto market very positively. One of the winners has been Thorchain.

Its native token RUNE rallied further after an announcement that the bug bounty program with Immunefi had been updated. The Thorchain ecosystem will now pay up to $1,000,000 for detecting critical vulnerabilities. 

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

Top places to buy Thorchain now

FTX

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

Buy RUNE with FTX today

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 RUNE with Swapzone today

What is Thorchain?

Thorchain is a decentralized liquidity protocol which enables users to exchange cryptocurrency seamlessly on a number of networks without the risk of losing control and custody of their assets.

The protocol allows users to swap one asset for another in a permissionless setting. Liquidity can be sourced without the need to rely on order books. A ratio of assets in a pool is used to maintain market prices. 

RUNE is the native token of the Thorchain platform. It serves as the primary currency in the Thorchain ecosystem. Platform users also use it for governance and security as part of the mechanisms of resistance of Thorchain. 

Should I buy Thorchain today?

Thorchain 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.

Thorchain price prediction

Wallet Investor considers Thorchain’s RUNE a good investment. They expect a long-term increase, predicting a price of $22.72 in May 2027. 

A 5-year investment will generate revenue of around +214%. If you invest $100 in Thorchain now, it might go up to $314 in 2027. 

Thorchain on social media

$ANC new tokenomics go into effect in 2 days ⚓️@anchor_protocol just passed 20B in TVL 📈

Macro conditions seem to be timing up perfectly 📈$veANC will change everything ⚔️ pic.twitter.com/4DMFI6XRAu

— Elon Kwon (@ElonKwon) May 4, 2022

The post Thorchain rises 8% on bug bounty news: here’s where to buy Thorchain appeared first on Coin Journal.

The crypto market is entirely in the green today with most top 100 coins rallying at the time of writing. Cryptos soared following the US central bank rate hike.

Top cryptos

Bitcoin is up almost 5% in the last 24 hours, trading just below $40,000 at the time of writing. Ethereum and Binance Coin are also up around 5%. The biggest top 10 gainer is Cardano, which had added a tenth to its value at the time of publication.  

Cryptos outside the top 10 fared very well too. They are all in the green without exception, the biggest winner being Tron, which cracked the top 20 as predicted. 

It ranks as the 19^th biggest coin by market cap, just behind NEAR Protocol, with gains of 20% today and 35% over the past seven days. 

Top movers

Outside the top 20, the tendency was similar, with all coins adding to their value, in most cases up to as much as 15%. Notable standouts include Axie with 18%, Waves with 29%, and THORChain with 19%. 

Curve DAO Token, which began to rally yesterday after Terra launched the “4pool” liquidity pool on Curve, is also up 19% today. 

The biggest winner of the top 100 by far is Zilliqa, which has added the impressive 37% to its value. In April, Zilliqa unveiled Metapolis, the first ‘Metaverse as a Service’ platform built on a technology stack and powered by a leading L1 blockchain. 

In April, Zilliqa also joined BGameAlliance and shared its Roadmap 2022 with its community. All of these activities contributed to the massive surge we are witnessing today.  

Trending

The biggest winner today is the token of PetWars, a free-to-play turn-based online collectible trading card game. The game is played with a deck of 30 cards, which the player creates using numerous pet-based characters. 

The goal is used to reduce an opponent’s life from 20 years to 0. The token is up 2,882% today.  

The post Highlights May 5: Crypto markets rally, Zilliqa is up 37% appeared first on Coin Journal.

ApeCoin (APE) has gained bullish momentum after Elon Musk, Tesla CEO and SpaceX owner, changed his Twitter profile picture to a collection of several Bored Ape Non-Fungible Tokens (NFTs). The centerpiece of the collage featured a rare BAYC piece with golden fur.

At the time of writing, APE was trading at $15.81, up 3.25% after hitting a daily high of $17.55, the move by Musk has helped the coin to break the downtrend that it has been experiencing. Besides, the sales of the Bored Ape Yacht Club (BAYC) NFT collection also increased after the move.

Musk commented on the picture saying ‘’ it seems Kinda fungible’’

I dunno … seems kinda fungible

— Elon Musk (@elonmusk) May 4, 2022

April has been one of the best months for APE with traders anticipating the launch of Yuga Labs, Bored Ape Creator, and a new metaverse called Otherside although the token price went on with the dip despite Yuga Labs’ effort to maintain the token rally.

The CEO’s new profile picture critics

Musk’s move is already attracting controversy with the head of digital art at auction house Sothebys, Michael Bouhanna, saying that Musk used the picture without their permission and demanded credit for it or delete the firm.

@elonmusk as much I admire your work I’d like you to remove your pfp that I created for our Sotheby’s sale. Or you credit me 😂. Happy to send you the original file minted with the buyer approval 🫡 pic.twitter.com/e83ZyxWGH5

— Michael Bouhanna (@michaelbouhanna) May 4, 2022

Elon Musk might Influence NFT Purchase via MoonPay

There were rumors that Musk owned BAYC but according to OpenSea, the leading marketplace, BAYC was owned by MoonPay, besides, there was a photo that showed Musk with the MoonPay team where he had met with the company representatives a few days before the BAYC sale.

If Musk confirms the news of influencing NFT acquisition through MoonPay, then he will join the list of the BAYC holders that are purchasing their NFTs using MoonPay.

MoonPay has been one of the growing and preferred channels for blockchain and crypto-powered digital collectible purchases over the past months with celebrities like Post Malone and Jimmy Fallon using MoonPay services for crypto and NFT transactions. Besides, MoonPay launched a ‘Concierge service’ that will allow prominent people to purchase Crypto and NFTs by referrals.

The post Apecoin rallies after Elon Musk changed his Twitter profile picture to Bored Ape appeared first on Coin Journal.