Bitcoin

NuCypher is rallying today, added over a quarter to its value: top places to buy NuCypher

The native token of NuCypher, NU, has gained 25.37% in the last 24 hours. It is surging on news of its partner NuLink raising $4 million from a number of leading crypto investors, including Coincu Ventures and CypherVenture. Look no further than this short article for more information about it, if it’s worth investing in,…

Look no further than this short article for more information about it, if it’s worth investing in, and the top places to buy the coin.

Top places to buy NuCypher now

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

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

What is NuCypher?

It is a decentralized access control and key management system, an encryption service for public blockchains. It offers end-to-end encrypted data sharing on public blockchains and decentralized storage solutions.

The Crypto allows users to share private data between a number of participants in public consensus networks, using proxy re-encryption (PRE) technology.

According to NuCypher, this decryption technology makes it much more secure and protected than traditional blockchain projects based on public-key encryption.

NU is the native token used on the larger NuCypher network. They are used to incentivize network participants to perform key management services.

They are also used for staking to run a NuCypher worker node. The network is protected against malicious staking, and would automatically slash a suspected user’s rewards.

NuLink is collaborating with NuCypher and has received a Polkadot Web3 Foundation grant. It’s bridging the NuCypher Network to Polkadot, Heco, Near, and PlatON and will cooperate with more ecosystems for inter blockchain features.

Should I buy NU 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.

NU price prediction

According to Cryptonewsz, the price of NU will increase to $0.9 in the first half of 2022. Eventually, it will make a very sound investment as 1 NU will trade for $1.15 by the end of the year, twice its current price.

NuCypher on social media

🔥#NU‘s 1d chart showing STRENGTH towards the target at $1.56 but this may only be minimal compared to what it is set up to show! $NU is on EXTREME ALERT as it is setup to climb over 171% more to reach this target and can do so QUICKLY! #NuCypher can NEAR 3X from here… https://t.co/2e1mARWyht pic.twitter.com/JG8BRs84TO

— JAVON MARKS (@javonnnm) February 27, 2022

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Bitcoin

XCN defies Bitcoin and Ethereum slump with 97% spike

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”