Altcoins Ethereum

Coin Bureau Says Kava and One ‘Seriously Impressive’ Altcoin Remain in Long Term Uptrends Despite Correction

A popular crypto analyst is weighing in on a pair of altcoins as the markets try to navigate out of a rocky month of trading. In a new strategy session, Coin Bureau host Guy tells his 2.05 million YouTube subscribers that he still anticipates cross-chain decentralized finance (DeFi) lending protocol Kava will grow, noting that […]

The post Coin Bureau Says Kava and One ‘Seriously Impressive’ Altcoin Remain in Long Term Uptrends Despite Correction appeared first on The Daily Hodl.

Altcoins Bitcoin Ethereum

Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin

A popular crypto analyst who continues to build his following with timely altcoin calls says that relief rallies are approaching for Bitcoin (BTC), Ethereum (ETH) and an additional large-cap crypto asset. The pseudonymous analyst known as Kaleo tells his 509,000 Twitter followers that Bitcoin is currently being greatly affected by sell-pressure in the equities markets. […]

The post Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin appeared first on The Daily Hodl.

Crypto News

Dogecoin (DOGE) Trading Volume Plunges – Here’s Why

With a bearish market, the canine-themed meme coin Dogecoin suffered a major decline in trading volume. Investor interest also dramatically waned starting December 2021. Further, there was a huge 66% slump in trading volume from January to March of 2021. Things got even worse in February when Russia invaded Ukraine.   Suggested Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter DOGE Slumps from 2021 In January this year, Dogecoin’s trading volume was at $33.51 billion. Comparatively, the trading volume in February 2022 dropped further to $22.44 billion. The trading price of Dogecoin started at $0.1705 on January 1 and this closed Q1 at $0.1378. That is a nearly 20% drop between DOGE’s opening and closing price in the first quarter. Today, the DOGE price has dropped by 3.1% with a trading volume of $0.13569. DOGE is now ranked 11th among the top 20 cryptocurrencies, with a market cap of $18 billion. (Image credit: The Scotsman) When the Bitcoin price declines (BTC is down at 4.4% today), its peers or other altcoins also suffer a major drop. Call it a domino effect of sorts. Bitcoin along with other crypto tokens are down for quite some time as investors are feeling the agitation with the tightening plans by the U.S. Federal Reserve. Dogecoin – The Strongest Meme Coin Dogecoin was one of the strongest cryptocurrencies last year recording an all-time high and shooting up at $0.7376 in May 2021. DOGE is on the top 20 cryptocurrencies to date or at the 11th spot with a market cap ticking at $18 billion. With the support of Tesla CEO Elon Musk and billionaire entrepreneur Mark Cuban, Dogecoin is definitely not running out of gas in terms of popularity, market cap, and supply. However, DOGE’s unlimited supply also happens to be its Achilles’ heel because of inflation issues. DOGE total market cap at $20.10 billion on the weekend chart | Source: The bearish pressure has pressed on the DOGE price putting it way below the critical level or at $0.12. This price behavior happens when it moves fast as it runs on empty. This could trigger a flash crash that could go below the $0.09 level. DOGE’s Bullish Reversal However, this disequilibrium or great disruption can mean one thing. DOGE could be up to a higher reversion. And Musk becoming the new owner of Twitter could turn things around for the most popular meme-inspired coin. Not everyone feels bullish, especially with a meme coin but if it’s a DOGE then you are betting on one of the most robust digital tokens around. With a bullish reversal, people should definitely get ready for DOGE to soar.  Suggested Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike Featured image from Coingape, chart from

Crypto News

$UIM Tokens to list on April 18th

Universe Island has announced the listing of its $UIM tokens on PancakeSwap which would provide its users with an avenue to trade. The listing is scheduled for the 18th of April 2022, shortly after which the first beta version of the game would be launched. $UIM is a BEP-20 token hosted on the Binance Smart Chain and serves as the official in-game token of Universe Island– a classic 1vs1 shooting game that will take the Play-to-Earn gaming experience of users to a whole new level with its NFT integration and crypto rewards. These tokens will be rewarded to players upon winning the 5 minute long matches and can also be claimed from loot boxes. When it comes to the versatility of these $UIM tokens, the team of Universe Island has done a splendid job at providing players with options on how they wish to use the tokens. The $UIM tokens could be used by token holders to avail several in-game benefits. The tokens could also be used to trade in-game NFT collectibles on the NFT Marketplace provided by Universe Island with no additional fees while using UIM tokens as the currency. However, an additional 5% fee will have to be paid while trading with BNB. Rewards could also be staked by users by staking their $UIM Tokens at the NFT marketplace. Staking would open a host of gateways for rewards such as monthly special airdrop, and better NFT rewards in terms of rarity for those who stake for a longer time while also having the lootbox rewards activated along with NFT equipment reward straight after staking that would be claimable at the market. In fact, six months takers will receive NFT that will give them right to the Whitelist, thereby, enabling them to buy land and much more. Furthermore, the token holders would have a say in the governance of the game and ecosystem of Universe Island. These NFT cards also would provide power-ups that could make all the difference between victory and defeat when put in the mix of skills and efforts of players. Apart from providing unique boosts, these NFT cards could also be put on display at the Metaverse gallery as a badge of honour of how much the player has evolved, and could also be viewed on characters using our AR Technology! The key to better NFT rewards for players is fairly simple- the bigger you hold, the better the rewards! Another thing to note is that the UIM tokens also have the option of being withdrawn on-chain by putting up a claim request that is followed by a week-long verification period. This verification period exists to ensure the detection of potential unfair means that players could have resorted to during games. Promising a limitless metaverse with several features and maps, Universe Island is geared to provide players with a P2E experience of a kind with its story-driven narrative, action-packed matches, NFT incorporation and crypto rewards. All you need is a mobile phone and you are good to go!   Disclaimer: The content for this article is provided by Universe Island. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.