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Top Reasons Why Traders are Investing In Near Protocol ( NEAR)

With global interest rates trending near record lows and likely here to stay for the foreseeable future, the funds carefully saved and squirreled away in savings accounts are likely doing nothing besides gathering dust. Fortunately, crypto is the knight in shining armor rescuing savers. As more and more people enter the crypto ecosystem, there has been a surge in demand for passive income opportunities using cryptocurrencies. Other than generating returns from trading, enthusiasts are looking for alternative options to expand their portfolios. As such, the emergence of decentralized finance (DeFi) has opened the gateways for users to generate returns by leveraging assets they already own. From staking to yield farming, there is no shortage of opportunities for eager crypto enthusiasts. While some require moderate to advanced knowledge of blockchain technology and DeFi, some are simpler than the existing traditional financial solutions. That said, here are some tried and tested platforms that make it easy for everyone to generate additional income without any hassle. Grow Your Portfolio Via Reef Staking Reef Finance delivers a cross-chain DeFi ecosystem that is designed with user accessibility in mind. Users unfamiliar with decentralized finance can depend on Reef to automate many processes that may seem complicated, like yield farming. Moreover, the platform’s AI tools deliver asset management that takes into account investor preferences, their risk profile, and return goals. Built with Substrate, Reef supports DeFi protocols across several blockchains such as Aave, Uniswap, Synthetix, and Compound, among others, allowing users to leverage interoperability and cross-chain trading features. Users can get involved with smart borrowing and lending, mining, staking, and other activities - all of which generate passive income. The platform originally launched a staking pool, Binance Launchpool, in partnership with Binance, where users can stake their BNB, BUSD, and DOT tokens over 30 days into separate pools to farm REEF tokens. In the meantime, Reef Finance is continuously adding more features to its platform, the latest being its partnership with Klever, one of the largest global exchanges serving over 3 million users across over 200 countries. With this partnership, Klever not only becomes the first external validator for Reef Finance, but it will also offer the only liquidity bridge for REEF holders, enabling them to exchange REEF through its Klever Swap service and to stake these exchanged tokens via its wallet. As a result, users will gain the opportunity to increase their earnings from holdings. Moreover, the partnership between Klever and Reef Finance will ensure that users from both platforms access the highest yield generating opportunities across an array of digital assets. Earn Additional Returns With CoinZoom Earn CoinZoom, one of the largest and highly regulated exchanges serving over 192 countries, has rolled out the CoinZoom Earn feature, empowering users to earn up to 20% APY on select cryptocurrencies and fiat holdings. The platform already offers several crypto-centric products, such as its remittance service ZoomMe, the range of CoinZoom Visa debit cards, and CoinZoom Commerce, among others. With the addition of CoinZoom Earn, the platform has unveiled its newest investment tool that allows users to earn interest on over 40 cryptocurrencies like AAVE, BTC, BAL, ADA. ENJ, DASH, MATIC, MKR, XTZ, and more, stablecoins like USDT and USDC, and fiat deposits (USD only). As of now, CoinZoom users can earn up to 10% APY, and CoinZoom VIP customers can earn an additional 20% bonus interest on top of the APY. Getting started with CoinZoom Earn is straightforward. If you’re already a CoinZoom user, simply opt for the CoinZoom Earn feature to earn interest immediately. Interest is accrued daily and credited to users’ Earn wallets on the seventh day of every month. Besides no long-term deposit commitments, users are free to redeem the interest earned from their Earn wallet anytime, reinvest them in their CoinZoom Trading account, or spend them via CoinZoom Visa cards to earn additional rewards. The Market’s Highest APYs Via AAX’s Crypto Savings Accounts AAX, the first crypto exchange to join London Stock Exchange Group's 'Partner Platform and be powered by LSEG Technology's Millennium Exchange matching engine, is currently offering the highest interest rates on crypto holdings. The platform already supports several crypto-centric features, including P2P trading, Futures trading, DeFi Mining, and several ongoing promotions. With its newest Savings feature, AAX has started offering both fixed and flexible savings options with varying interest rates for its users. As of now, AAX is offering the highest interest rates for crypto savings accounts, up to 60% APY across 80+ cryptocurrencies. Compared to crypto savings accounts offered by other platforms, AAX has kept its requirements extremely flexible, allowing users to choose between varying deposit durations, ranging between 7, 14, 30, 60, 90, 180, and 365 days. With so many passive income opportunities up for grabs, now is the time to decide if you just want to HODL your cryptocurrencies waiting for a drastic market change or start leveraging the solutions as mentioned above to expand your portfolio further. Or you can always just watch your central bankers gradually erode all your hard-earned savings. The choice is yours!

The post Top Reasons Why Traders are Investing In Near Protocol ( NEAR) appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market today is stuck in a sideways trade today. BTC is set to hit support at $42K, ETH hovers around $3.3K. In tandem with the market most altcoins trade in losses. However, defying the trend are alts, as they print significant gains. NEAR Price Action Since December 18, NEAR has been rising inside …

AAVE recovers over $200 level, but critical resistances still lie up ahead

Throughout the whole of 2021, Aave had visited the $160 area only twice (after climbing past it in early January), until December. In December alone, the price tested this area on two separate occasions, a candlewick on a strong sell-off and a more rounded test of this demand region in mid-December. At the time of […]

Bitcoin Bear Markets: What, Why, When?

Bitcoin bear markets can be brutal. Don’t try to predict the next one — rather, be prepared for it!

Apple’s Mixed Reality Headset Reportedly Delayed Until 2023

Looks like we might have to wait just a little while longer for the company’s combination VR/AR headset. According to a new report by Bloomberg, Apple’s long-rumored VR/AR headset could be delayed until 2023 due to a combination of technical issues, citing “people familiar with the situation.” Sources claim the device was scheduled to be […]

The post Apple’s Mixed Reality Headset Reportedly Delayed Until 2023 appeared first on VRScout.

Syscoin (SYS) Price Analysis: Why SYS Offers Good Buying Opportunity Above $1.32?

Overall trend for Syscoin price is strongly bullish right now. SYS provides occasional pullbacks and keeps climbing higher levels. After its recent correction rally to the $0.85 support, the coin aims to rechallenge the $1.32 resistance, hoping to continue this uptrend. Key technical points:  The 20 and 50 EMA line provides strong support to the

The post Syscoin (SYS) Price Analysis: Why SYS Offers Good Buying Opportunity Above $1.32? appeared first on CoinGape.

Massive Bitcoin Outflows Rock Crypto Exchanges As Charts Signal Extreme Bullish Winter

20,000 BTC Withdrawn From Coinbase as Major Outflow Hits Exchanges
Bitcoin continues to exude strength despite the price being 38% below its all-time high. This strength is however being attributed to several reasons that experts argue are key recipes in igniting a sustained bull run this winter. Bitcoin Outflows Surge One glaring development has been the abrupt rise in Bitcoin outflows this week. According to […]

Editorial: With Apple Approaching, Meta Needs A More Intuitive VR User Experience

Editorial With Apple approaching the VR market, Meta needs to change its approach to user interface and experience in headsets.

PolySwam (NCT) price up 370% in three days after getting listed on major exchanges

PolySwarm (NCT), a threat detection and anti-malware project, has been on the rise in…

The post PolySwam (NCT) price up 370% in three days after getting listed on major exchanges appeared first on Coin Journal.

STX Technical Analysis: Growing Consolidation Within EMAs Teases A Bull Run: Is It Too Soon To Buy?

STX Technical Analysis

STX coin price action forms a consolidation range between the 100 and 50-day EMAs. Will the recovery help in the bullish breakout? Stacks is a layer-1 blockchain technology that is designed to enable smart contracts as well as Decentralized Applications (DApps) to Bitcoin (BTC). These smart contracts are added to Bitcoin without altering any of the characteristics that make Bitcoin so effective such as its security and stability. It is powered by Stacks token (STX) that is used to fuel an execution process for smart contracts processing transactions, and also for creating new digital assets to the Stacks 2.0 blockchain. Let us move ahead to read about Stacks technical analysis. Past Performance of STX The STX coin price action shows a growth of 10% in the past week despite the bloodbath in the crypto market. However, the growth comes after a 20% fall from $2.40 to $1.85. The coin price shows a sideways movement for the past few days, but the presence of lower price rejection is clearly visible. That is why a stronger bullish side is seen. STX/USD Daily Chart STX Technical Analysis The STX coin price hints at a morning star pattern formation in the daily chart with substantially lower price rejection. Therefore, the possibility of a price jump by the day’s end is increasing.  Crucial EMAs (50, 100, and 200) maintain a sideways trend in a bullish alignment in the daily chart. Moreover, the range formation between the 100 and 50-days EMA will shortly provide a breakout entry opportunity. The RSI indicator at 48% indicates the slope struggling to surpass the central mark in the daily chart. Moreover, the slope struggles to surpass the 14-day SMA as well. The MACD indicator shows the bearish histograms maintain a trend in the daily chart. However, the slight reversal in the fast line increases the chances of a bullish crossover. Therefore, the technical analysis shows the bullish powers struggling to take back the trend control.   Upcoming Trend The sideways momentum in the STX coin price maintains a consolidation range in motion. However, the lower price rejection indicates a high possibility of a bullish breakout. The price action suggests upcoming resistance levels at $2.40 and $2.60 above the 50-day EMA. And, the support levels are at $1.85 and $1.65, below the 100-day EMA. At press time, the sentiments chart remains “NEUTRAL” on the STX coin.

The post STX Technical Analysis: Growing Consolidation Within EMAs Teases A Bull Run: Is It Too Soon To Buy? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia

Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in RussiaRussians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory identification for those who transact with digital coins. Anti-Corruption Official Pushes for Rules to Mitigate Risks of […]

Russian Rapper Morgenshtern Joins TON as Ambassador, Buys $130K Worth of TONCOIN

The A-list Russian rapper has become an ambassador for TON. He also bought $130k worth of TONCOIN.

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