Schlagwort: crypto markets

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KNC is surging today, up 17% and counting: Top places to buy KNC

KNC is the token of Kyber Network, which underwent expansion to ten different blockchains, integrated with Uniswap v3 and took part in Avalanche’s new developer incentive. This led to 50% price increase of Kyber Network’s KNC token yesterday. 

It continued to rally today, up around 17% at the time of writing. This brief guide has everything you need to know about Kyber Network and KNC, including whether and where to buy KNC if you choose.

Top places to buy KNC now

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

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

What is KNC?

KNC is the token of Kyber Network, a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp).

The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.

All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer.

Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model.

Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs. 

Should I buy KNC today?

KNC 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. 

KNC price prediction

Wallet Investor expects a long-term increase; more specifically to $9.2 by April 2027. A 5-year investment will generate revenue of around +250%. If you invest $100 in it now, you will have $350 in 2027. 

KNC on social media 

The post KNC is surging today, up 17% and counting: Top places to buy KNC appeared first on Coin Journal.

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Astar is down 11% today, time to buy the dip? Best places to buy Astar

The live Astar price today is $0.29 with a 24-hour trading volume of $282.3 million. It has lost more than a tenth of its value today.

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

Top places to buy Astar now

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

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

What is Astar?

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. 

Polkadot Relay Chain doesn’t support smart contracts. That’s why it’s important for the ecosystem to have a parachain that enables this support for all developers who want to build in the Polkadot ecosystem. 

Astar aims to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other. 

Should I buy Astar today?

Astar 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. 

Astar price prediction

GOV Capital predicts Astar’s token ASTR will retain this price level over the next year. However, this won’t be the case 5 year from now, when 1 ASTR is projected to trade for $1.2. 

Astar on social media 

The post Astar is down 11% today, time to buy the dip? Best places to buy Astar appeared first on Coin Journal.

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Here’s where to buy ION now, which broke $100B market cap

The live ION price today is $5,080. ION has been gaining steadily and is up 0.17% in the last 24 hours. The cryptocurrency’s fully diluted market cap is $100.2 billion at the time of writing. 

Look no further than this short article for all the details about ION: what it is, is it worth investing in, and the best places to buy ION now.

Top places to buy ION now

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

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

What is ION?

The ION is one of the world’s leading blockchains. It’s unique in being a Hybrid POS and POW secured blockchain. The Atomic Token Protocol (ATP) was built and designed by the ION core team and is fully optimized to run on the ION chain.

With ATP, businesses can easily and affordably create layered ticketing systems that can be reused. 

Gamegrid combined with the Jinx framework enable every game to be integrated or built using ION technology. ION is built for speed and immutability. 

Should I buy ION 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. 

ION price prediction

Digital Coin is very bullish on the price. They make the following prediction, from minimum to maximum price: 

  • 2022: $6,246.98 – $7,128.92
  • 2023: $6,724.85 – $8,084.67
  • 2024: $6,207.13 – $9,442.74

ION on social media 

https://twitter.com/ionomics/status/1280273418525511681      

The post Here’s where to buy ION now, which broke $100B market cap appeared first on Coin Journal.

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3.41 million Cardano addresses reportedly red as ADA price continues to fall towards the $1 level

ADA has fallen by over 11% in the last week

An increasing number of investors are facing unrealised losses due to the fall back in the price of Cardano’s native currency ADA towards the $1 psychological level, a report by IntoTheBlock money indicator stated.

According to CoinMarketCap, the cryptocurrency is currently trading at $1.03 with a 3.28% gain in the last 24 hours.

The open-source and decentralized public blockchain platform Cardano has witnessed a bearish week with prices falling over 11% since Monday. This has pushed holders into the red as ADA is currently trading at over 64% lower than its all-time high of $3.09 in September 2021.

More than 67% of ADA holders are currently underwater while 25% of Cardano investors are profiting and 9% are at a breakeven point, the report explained.  The threat of ADA falling below $1 continues to loom over its holders, especially if the present trend of cryptocurrency’s performance continues.

The IntoTheBlock indicator uses the average cost at which tokens were purchased and compares it to the current price to report its findings.  According to this analysis, 3.41 million ADA addresses are facing losses vis-à-vis the 1.25 million addresses still in the green.

The indicator also used the amount of time the token has been held as an indicator to state that over 75% of ADA holders hold the token for between one and 12 months. 11% of investors hold the currency for more than a year and are thus the ones still recording a profit.

Fears that ADA will hit its yearly low of $0.80 as seen in March 2022 have further prompted more investors to sell, plunging the currency.

However, in terms of fundamentals, Cardano continues to look strong. The blockchain’s dApps are waiting for the Vasil hard fork in June to launch and network demand has continued to grow after the launch of the SundaeSwap decentralized exchange (DEX).

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Near Protocol price surges over 22% today: what is fuelling the uptrend?

Near price has been rising since February 27 and the bullish trend seems to be gaining momentum by the day.

At the time of writing, NEAR is trading at $18.67 up 22.72% in the last 24 hours. It has hit a daily high of $19.64 which is still below the all-time of $20.42 that it set in January this year.

In this article, we will focus on the factors causing the price of NEAR to rally.

What is Near Protocol (NEAR)?

Near Protocol is a community-built blockchain launched in May 2020 with advanced network operability and a faster transaction speed to solve the bottleneck processes experienced in the crypto space. It launched its mainnet on April 22, 2020.

NEAR is the native token of the NEAR protocol.

Near Protocol uses a proof-of-stake (PoS) consensus mechanism that ensures the blockchain offers low transaction fees and high transaction speed.

Why is the Near Protocol price rising?

Several factors have contributed to the current NEAR price hike. Let’s take a look at some of the main factors.

1. More funds to expand the ecosystem

To some extent, the current price hike can be attributed to the new funding round that saw NEAR Protocol net $350 million from Dragon Capital, FXT Ventures, and other organizations to expand its ecosystem.

In January, Near Protocol also managed to raise $150 million for the same course.

2. Barry Silbert announcement

Another reason for the uptrend is the announcement by Barry Silbert, the founder of Digital Coin Group, that NEAR will be the Group’s third-largest crypto holding after Bitcoin and Ethereum. 

3. NEAR’s native stablecoin launch

After a recent newsletter from crypto swing trader, Zoran Cole, there were rumors that NEAR Protocol was planning to launch a native stablecoin, USN, which is another reason for the uptrend.

Speculations are that USN will offer ~20% APR leading to an increased DeFi activity which is beyond Cole’s claims, however, Decrypt is yet to receive a Near protocol response about the accuracy of these rumors. Perhaps, this is another reason for the uptrend.

 

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