Monat: Dezember 2021

The Sandbox (SAND) is currently one of the big gainers in intraday trading today. The token is up 22% and has surged beyond $6. It also seems like an extraordinary bullish momentum is starting to gather steam. SAND could be in for an incredible ride with both technical and fundamental analysis looking very positive. Here is what we know:

• The recent rally was largely triggered by news that PwC Hong Kong was pouring significant capital on SAND

• The Sandbox is also working to attract new users with the launch of its Alpha Season 2 experience

• If the coin sustains gains above its $6.2 overhead resistance, a bullish uptrend will be coming soon

Data Source: Tradingview.com

The Sandbox (SAND) – price action and analysis

The PwC Hong Kong news was obviously huge. In fact, as soon as it was announced, SAND surged 8% almost instantly. The coin has since pushed those gains even further to nearly 22%. With momentum now well in force, we are likely to see even more gains in the coming days. 

Also, SAND has surged slightly above its $6.2 overhead resistance. Analysts feel that if indeed bulls can sustain these recent gains above this level, then we are likely to see significant price consolidation around $6.2 or thereabout. This would also set SAND up for a bullish breakout that could take it closer to $10 in no time.

Should you buy the Sandbox (SAND)?

The overwhelming answer here is yes, and there are good reasons. First, we think SAND is grossly undervalued. There is so much upside here, especially as interest in Metaverse-related projects heats up.

Also, the moment institutional capital starts to flow into an asset, that’s when you buy. It means so much value is about to be unlocked on SAND, and you can’t afford to miss that ride.

The post The Sandbox (SAND) breaks above $6 as it builds extraordinary bullish momentum – Buy it now! appeared first on Coin Journal.

Gitcoin (GTC) has been surging in intraday trading today, gaining nearly 6% at press time. All momentum indicators are also pointing towards a decent and steady uptrend. The coin has been rising since the tail end of November. In fact, at some point, it was trading well over $20, albeit some of these gains have retracted. So, is it time to buy Gitcoin (GTC), and how far can this momentum go? Here are some highlights:

• Gitcoin (GTC) is seeing a bullish uptrend, with all momentum indicators looking very positive in the near term.

• The coin has surged nearly 50% in just a month despite the recent market-wide crypto correction.

• Some analysts are extremely bullish on GTC, looking at a price of $23.3 in this surge

Data Source: Tradingview.com 

Gitcoin (GTC) – price action and analysis

The growth of GTC in the past month has been quite impressive. At the tail end of November, the coin was hovering around $7.5. Despite a massive sell-off in crypto at the start of December, GTC managed to hold steady, and eventually, the coin broke past its overhead resistance of $9.91. 

Ever since, it’s been a bullish surge that has taken GTC to well over $20 at some point. At the time of writing, the coin was trading at $11.82. Although it is clear GTC has pulled back some of those superb gains, it’s still trading well above 70% from its late November lows. Analysts remain extremely bullish around GTC too with some estimating a near-term surge that will take the coin back over $20.

Should you buy Gitcoin (GTC)

The best time to buy GTC would have been a month ago when it had dipped. But still, there is a lot of upside for growth. For short-term speculative traders, it is likely GTC will hit $20 in the near term, giving you the perfect chance to ride this bull surge.

The post Gitcoin (GTC) surges nearly 6% in intraday trading – is it time to buy? appeared first on Coin Journal.

Decentraland (MANA) is one of the most promising metaverse-related blockchain projects. In recent months. The platform has gained a lot of press, not just from virtual gaming enthusiasts but also from institutional investors keen on riding the potential growth of the metaverse. As a result, MANA, the native token on Decentraland, has surged quite impressively. Here are some highlights:

• At the time of writing, MANA was up nearly 15% in less than 24 hours

• Analysts remain bullish on MANA as more institutional capital flows into metaverse related blockchain projects

• Decentraland is also improving its virtual gaming experience to attract more and more users.

Data Source: Tradingview.com

Decentraland (MANA) – Price action and analysis

The metaverse buzz around Decentraland (MANA) has done well to inspire positive investor sentiment around the token. But the bullish run that saw the coin gain 15% in less than a day is just starting. Although at the time of writing, the coin was trading at $3.87, analysts see this uptrend continuing in the near term. Current estimates expect MANA to hit $6.50 by the end of this run. 

However, the coin will need to sustain gains above its $3.17 resistance. Also, we have seen a trend among MANA bulls of taking profits when the price surges. If indeed this behaviour holds during this bull run, then we are likely to see wild price swings, with MANA projected to go as low as $2.75.

Should you buy Decentraland (MANA)

In case you are a big believer in the metaverse, then you must have Decentraland (MANA) in your portfolio. Besides, the platform has also been investing heavily in improving the virtual experience for users. It is likely that it will continue to attract more and more fans. The flow of institutional capital into MANA is also a good sign that the coin is headed in the right direction.

The post Decentraland (MANA) looks set for an impressive bullish uptrend – here’s why you should buy appeared first on Coin Journal.