Monat: Januar 2022

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Football token MetaFootball is crashing, should you buy the dip? Where to buy MetaFootball

MetaFootball bills itself as one of the most comprehensive football management games ever created, designed as a play-to-earn game for everyone who loves football and wants to earn token reflections and NFT while managing their own football team. This guide explains what MetaFootball is, whether it’s worth buying, and the top places to buy MetaFootball now.

Top places to buy MetaFootball now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for MTF

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

What is MetaFootball?

MetaFootball provides an advantage over traditional fantasy football leagues in that you are compensated in real money for your efforts because you own the cards you collect, win, and trade. In previous fantasy football games, you don’t own any players, so all you get for your time is the possibility to beat the thousands of other players who enter, but with MetaFootball, you get to collect cards (players) that you are given complete ownership of for the rest of your life.

Should I buy MetaFootball today?

Innovative new tokens can be a lucrative investment, but they can reverse gains very quickly. Read price predictions before you make a commitment.  

MetaFootball price prediction

According to CoinCodex, the value of MetaFootball will rise by 22.86% and reach $ 0.0000000089 by January 11. The current sentiment is bearish while the Fear & Greed Index is showing Extreme Fear. MetaFootball recorded 40% green days with price volatility over the last month. Based on their MetaFootball forecast, it’s now a bad time to buy MetaFootball.

MetaFootball on social media

 

The post Football token MetaFootball is crashing, should you buy the dip? Where to buy MetaFootball appeared first on Coin Journal.

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Introducing EverBNB, a BNB reflection token: best places to buy EverBNB now

EverBNB is a BNB reflection token running on Binance Smart Chain. It bills itself as the fastest way to earn BNB. It is trading for $0.0018 with a 24-hour trading volume of $2.3 million. It has lost 3.35% of its value today.

This article has everything you might want to know about EverBNB: what it is, is it a good investment, and the best places to buy EverBNB today if you choose.

Top places to buy EverBNB now

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for EVERBNB

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

What is EverBNB?

Reflection tokens are cryptocurrencies that reward holders by employing a mechanism in which transactions are taxed and a percentage of the tax charged is redistributed to holders of the token. Also, since holders are rewarded with new tokens, the mechanism incentivises investors to hold onto their tokens long-term. With EverBNB, you hold tokens and get rewarded in BNB on every transaction. With the auto-claim feature, you will receive BNB automatically in your wallet.

The tax distribution is as follows: 5% to holders, 5% buyback, and 3% liquidity.

Should I buy EverBNB today?

EverBNB has its pluses and minuses. The mechanism of reflection tokens increases the number of ways investors can earn in DeFi. Holders can earn rewards on their tokens while using them for staking and in other ways to earn passive income. On the other hand, most projects currently utilising reflection mechanisms are meme coins and don’t have a sound business model. The high transaction fees of most reflection tokens make them a bad choice for transactions.

EverBNB price prediction

Digital Coin Price makes a positive prediction. EverBNB will increase to $0.007 as a bare minimum in the future. The highest price of EverBNB in the future will be up to $0.008. A year from now, 1 EverBNB can go up to $0.003, which is almost twice what it’s currently worth.

EverBNB on social media

 

The post Introducing EverBNB, a BNB reflection token: best places to buy EverBNB now appeared first on Coin Journal.

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Internet Computer (ICP) has outperformed all crypto assets in the last 7 days – Where will the uptrend go next?

2022 has started on the right foot for Internet Computer (ICP). Although sentiment in broader crypto is still sluggish, ICP has been surging. The coin has in fact outperformed all crypto assets in the last 7 days, gaining nearly 50% in value. But where will this uptrend take it? Analysis to follow below but first, check out the highlights:

  • The 7-day surge has seen Internet Computer (ICP) rally 70% above its lowest price seen in December 2021.

  • At the time of writing, the coin was selling for $36.12, up 5% in intraday trading and with a market cap of $6.7 billion.

  • Internet Computer (ICP) is one of the newer blockchain projects launched in May 2021.

Data Source: Tradingview.com

Internet Computer (ICP) – Price action and analysis

The past 7 days have been bullish in every way for ICP. Every technical indicator is positive right now too. For starters, the coin has surged well beyond its 25- and 50-day moving averages. 

ICP has also smashed past its $30 resistance, and current momentum will easily take it above $40 in the days ahead. 

The Relative Strength Index (RSI) also shows a very positive reading. We do not see a lot of headwinds right now. Besides, as sentiment in the broader market improves, ICP is likely to also see more gains.

Why you should buy Internet Computer (ICP)

Since launching in May 2021, Internet Computer (ICP) has gone on to become one of the most valuable crypto projects in the world. The blockchain is also starting to build up its ecosystem with several high-profile DApps. 

It has always been a good long-term bet, especially for the type of investor keen on alternatives to traditional blockchains. The recent 50% 7-day uptrend is the clearest indication that ICP is headed for superb returns in 2022 and beyond.

The post Internet Computer (ICP) has outperformed all crypto assets in the last 7 days – Where will the uptrend go next? appeared first on Coin Journal.

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Solana (SOL) looks poised to break above $200 – Analysis and price prediction below

After an impressive 2021, Solana (SOL) has lost a bit of momentum especially after the broader crypto correction we saw at the tail end of the year. The coin still managed to return 8600% in value, and as the ecosystem continues to bring in more blockchain projects, the future is looking bright. But can Solana (SOL) rebound and surge past $200 in the near term? We will analyse this below but first, some highlights:

  • Solana (SOL) is trading around its $167 support and has been for a while. This could suggest it’s consolidating for an upward breakout.

  • Overhead resistance is around $180, and we expect SOL to test it in the coming days as part of a broader rally towards $200.

  • However, the coin is still well below its 50-, 100-, and 200-day simple moving averages, suggesting bear pressure is still high.

Data Source: Tradingview.com 

Solana (SOL) – Price analysis and prediction

After losing some of the gains it had made in 2021, Solana (SOL) appears to have found sufficient support around the $167 price. In fact, for most parts in December and January 2022, the coin has traded around that threshold. 

If a rally comes, it will start from $167 moving upward. But an upswing can only happen when SOL surges above its 50-day moving average of $174 and starts to retest the overhead resistance of $180.

Once it tests the $180 mark and consolidates around it, we could see an uptrend surging above $200. This move will represent gains of nearly 20% from its current $167 price.

Why you should buy Solana (SOL)

Solana (SOL) is often seen as the Ethereum alternative, and for a good reason. It offers better speeds and scalability. So far, the platform has seen increased developer activity, and its long-term fundamentals are incredible. Solana (SOL) is projected to hit $1000 by 2030, so it’s a very decent buy.

The post Solana (SOL) looks poised to break above $200 – Analysis and price prediction below appeared first on Coin Journal.

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Can Binance Coin (BNB) hit $650? Here is some analysis and price prediction

Binance Coin (BNB) has been on a downtrend for the best part of a month now. The coin is down about 5% the last 7 days and was largely on the red for the whole of December. But the long-term outlook is still positive, with some analysts seeing BNB surging past $1000 by the end of 2022. Nonetheless, some indicators right now appear to show a surge towards $650. Here are some highlights first:

  • At press time, Binance Coin (BNB) was trading at $514 with a market cap of around $85 billion.

  • The nearest support based on the chart is at $503, and it is likely BNB will fall towards that price before rallying.

  • The key for BNB will be to surge above the overhead resistance of $532, something that could trigger a rally towards $650

Data Source: Tradingview.com 

Binance Coin (BNB) – Price action and analysis

Many analysts agree that BNB has been in a correctional phase. This started in Mid-November and has continued well into the New Year. In fact, the moment BNB fell below $600, and it was clear that the downside trend will hold for a bit longer.

But there is some upside to this. We have seen a lot of consolidation slightly above the $500 mark. This could suggest that the bearish pressure occasioned by the BNB correction over the last two months could start to abate. We see this downtrend reversing and BNB testing the overhead resistance of $532 in the near term.

Why you should buy Binance Coin (BNB)

Binance Coin (BNB) is one of the largest cryptos with nearly $85 billion in market cap. Although the coin is seeing some headwinds right now, it’s still a decent long-term asset to have in your portfolio. However, if you want to ride the uptrend in the coming weeks, get in now.

The post Can Binance Coin (BNB) hit $650? Here is some analysis and price prediction appeared first on Coin Journal.