Schlagwort: crypto markets

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Top places to buy HNT, which is back on track and climbing

Helium’s coin HNT dipped after a recent rally, but it’s starting to gain again. There has been some positive news around it. 

The Helium network unveiled new Hotspots, its 5G ecosystem grew exponentially in a year, GigSky launched the first cell plan, and Dish joined as the first major carrier.

HNT is up 16% so far today. If you want to know what HNT is, can it give you good returns, and the top places to buy HNT, you’ve come to the right place.  

Top places to buy HNT 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 HNT 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 HNT with Swapzone today

What is HNT?

HNT is the token of Helium, a decentralized blockchain-powered network for Internet of Things (IoT) devices. It enables low-powered wireless devices to communicate and transmit data across its network of nodes.

These nodes are called Hotspots, which were mentioned earlier. They are a combination of a blockchain mining device and a wireless gateway.  

Helium is most interesting to device owners and people invested in the IoT space. Financial incentives provide further outreach possibilities.

The network allows nodes in a network to reach consensus even with inconsistent connection quality. This is because it runs on a new algorithm called proof-of-coverage, based on the HoneyBadger BFT protocol. 

Should I buy HNT today?

HNT 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. 

HNT price prediction

Digital Coin Price predicts Helium will reach $29 by the end of 2022. In 2025, they believe it will have gone all the way up to $40.17.

GOV Capital is even more bullish on HNT long-term. They predict the coin will pass $70 in November this year. In 2027, 1 HNT will be worth a staggering $860. 

HNT on social media

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Algorand is rallying on lucrative partnership, up 19%: here’s where to buy Algorand

Algorand logo on a white background of a cell phone

After announcing it has become FIFA’s official blockchain, Algorand went on a wild rally. Apart from adding almost a fifth to its value, it saw a spike in trading volume of 386%. 

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

Top places to buy Algorand 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.

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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 ALGO with Capital.com today

What is Algorand?

Algorand is a decentralized, self-sustaining, blockchain-based network which supports a wide variety of applications. It is scalable, secure, and efficient, which justifies FIFA’s decision to choose it as their official blockchain partner. 

Algorand is capable of supporting computations that require performance guarantees to build new forms of trust. 

It was invented to improve efficiency and speed in response to the slow transactions on Bitcoin and other older blockchains. 

Algorand comes with low transaction fees. It is based on a permissionless, proof-of-stake (PoS) blockchain protocol and does not involve mining for this reason. 

Should I buy Algorand 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. 

Algorand price prediction

According to Price Prediction.net, the future of Algorand is bright. It will go up to at least $1.36 in 2023, which is almost twice its current price. It can reach a maximum level of $1.64 that year. 

In 2024, it will trade for at least $1.97. The maximum level it can reach is $2.38 with the average trading price of $2.04. In 2025, the price of 1 ALGO is expected to reach at least $2.89.

Algorand on social media

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Algorand rallies on news of exciting partnership

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. This daily recap will cover some notable exceptions.  

Top cryptos

Bitcoin is down around 1% in the last 24 hours, trading just below $38,500 at the time of writing. Its losses over the past week amount to around 5% with predictions of an even greater dip coming.

Ethereum was relatively flat in the last 24 h, and has also lost around 5% this week. The rest of the top 20 coins sustained slight losses with the exceptions of Terra and Avalanche. Terra is up around 2%, and AVAX – 3.66%.

Cronos continues to fall and might drop out of the top 20 soon if it keeps doing so at this rate. Crypto.com’s coin lost 15% yesterday after the exchange slashed card interest rates. Today, it’s down another 8%.    

Top movers

Outside the top 20, most coins are also in the red. At #24, UNUS SED LEO is up 4% and Cosmos is up 3%. 

The biggest winner by far is Algorand, which announced it would become the official blockchain of FIFA. Its token rallied on the news and has added 21% to its value so far. 

Another big gainer is Helium with 9%. This is owed to a number of positive news: The Helium 5G ecosystem grew rapidly in a year, Dish joined as the first major carrier, GigSky launched the first cell plan, and new Hotspots were unveiled.

Rounding out the winners’ list is OKB with +6%.

Among the losers, KNC is again the biggest, down 14% today. Kava is down 7%, also reversing recent gains. ApeCoin continues to shed value with losses of 8% in the last 24 hours.   

Trending

The biggest winner today is SafeFloki. Its SFK play-to-win token has gained 677%. The game revolves around a hero trying to get richer, collecting loot, and fighting dangerous enemies. 

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1.9M BTC could fall into unrealized loss if Bitcoin dips to $33K: Glassnode

Bitcoin is trading around $38,385 on Monday, 2 May, still struggling against the bearish pressure seen over the past several months. The flagship cryptocurrency, which rose to prices near $70K last November, is down 44% since its peak. 

This past week, the BTC/USD pair touched lows of $37,614 for its lowest price level in a month.

With markets largely negative, the 70% of Bitcoin supply that is profitable could decrease significantly and see a large group of Bitcoiners see unrealized losses. That is the outlook from an on-chain analysis report analytics platform Glassnode published on Monday.

At the edge of unprofitability

According to the report, the danger of a downside remains given Bitcoin’s recent high correlation with the S&P 500 and Nasdaq. This is even as there is continued roiling of markets amid concerns over inflation, higher interest rates and geopolitical uncertainties.

The result of a steep downside for equities could thus likely cascade into the crypto market and see a large group of BTC holders edge towards “the abyss of holding unprofitable positions,” Glassnode said in the newsletter.

Per on-chain data, the cost basis of short-term holders (STHs) is $46,910. This means the average coin currently held by short-term holders is at unrealized loss of -17.9%.  The Market Value Realized Value (MVRV) metric for STHs is also pointing to significant pain, with the oscillator off the mean at -0.75 standard deviations.

“With prices trading at $38.5k at the time of writing, the market would need to fall to $33.6k in order to plunge an additional 1.9M BTC into an unrealized loss (10% of supply),” the Glassnode team wrote.

Chart showing 10% of BTC supply could fall into loss. Source: Glassnode

In 2018-2019 and in March 2020, profitability fell to between 45% and 57%, which means the worst could yet happen for short-term holders. If 40% or more of wallets fall into unrealized loss, it would increase the probability of a capitulation event, with a cascade of panic selling hitting the market.

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NYM token jumps by over 32% after concluding a $300M fund round to develop mixnets

NYM token has rallied by over 30% following Harry Halpin, NYM CEO, and announcement on raising a $300 million fund towards its mixnets development. It’s worth noting that NYM received the funds after its native token ‘NYM’ was listed on a major crypto exchange.

 At the time of writing, NYM is trading at $0.9366, up 32.34% over the past 24 hours.

The firm noted that it has been able to win the trust of investors at a time when Venture Capitals are dumping projects, besides, the Venture Capitalists that participated in its earlier round also participated in the latest one.

NYM is determined to provide a next-generation multipurpose mixnet that will help internet surveillance users. For them to be able to achieve this, they noted in a report that they raised some funds from prominent industries like Andreessen Horowitz (a16z), Eden Block, Polychain, Tioga Capital, and many others.

NYM’s Venture Capital funding on the rise

Harry Halpin in a report revealed that over $50,000 million has flown in but the firm will utilize the raised $300 million in different phases and for future needs. Currently, NYM is developing services that will cover all the activities in and out of the crypto.

In addition, Andreessen Horowitz (a16z) had invested in the NYM mentioning that NYM is working on solving internet privacy with its mixnet by the use of blockchain. Besides, the NYM team and its CEO have been working on its privacy with projects like Panoramix and NEXTLEAP to meet the idea.

This move by the firm has demonstrated the high number of venture capital funding that are venturing into the crypto industry with the recent one being Dragonfly Capital which launched its biggest fund of $650 million to invest in blockchain technology. 

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