Monat: Februar 2022

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BCOIN is surging, added 180% to its value in 24 hours: where to buy BCOIN

Cartoon Style Bomb with a BitCoin in front of it to represent Bomber Coin

BCOIN is the in-game token of Bombcrypto, a classic play-to-earn game. After a series of exciting updates and upgrades, it gained 180%. 

Look no further than this article for the details on BCOIN: what it can be used for, is it worth buying, and the top places to buy BCOIN if you choose.

Top places to buy BCOIN now

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

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

What is BCOIN?

BCOIN is a token on Binance Smart Chain, which allows holders to play, exchange, invest, and play a role in game ecosystem development. 

BCOIN has high security and liquidity and is easy to exchange, which lets users not only enjoy Bombcrypto, but also profit from it.

BCOIN is the utility token built into the core game system that powers all game progress and developments. Owners can earn rewards through in-game by playing the game and participating in key governance votes.

In the first quarter of this year, players will be able to stake their tokens. They will receive powerful VIP privileges and rewards in return.

Apart from serving as in-game currency, the token speeds up the process of opening the hero box to withdraw tokens. It charges energy quickly, gives access to tickets to battle royale and other exciting events, and lets you create a clan.

Users can stake BCOIN to upgrade their VIP rating. The higher the VIP level, the more incentives for the player.  

Should I buy BCOIN 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.

BCOIN price prediction

Digital Coin Price is bullish on BCOIN. They predict a gradual increase until 2031. It will reach $0.82 this year and $0.95 next year.

In 2024, it will go up to $1.04 and to $1.31 in 2025. The price level is $1.62 in 2027 and $2.51 in 2029. In 2030, one BCOIN will trade for $2.88. It will reach $3.30 the following year.

BCOIN on social media

The post BCOIN is surging, added 180% to its value in 24 hours: where to buy BCOIN appeared first on Coin Journal.

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Komodo (KMD) plans to offer Interoperability support for AtomicDEX – Coin surges nearly 50%

Komodo (KMD) has announced that it is adding interoperability support for AtomicDEX with a host of 13 other blockchains. It’s the latest move in cross-chain integrations by Komodo (KMD). The news saw its native token surge by nearly 50%. Here are some highlights:

  • The interoperability integration with AtomicDEX will now make cross-chain transactions easier.

  • Komodo’s native token has jumped from lows of $0.44 to $0.6 in response to the news.

  • At press time, those gains had fallen a bit and the coin was down by 7%, trading at $0.5.

Data Source: Tradingview

Komodo (KMD) – How can interoperability help it grow?

Cross-chain interoperability remains one of the most important topics in the crypto industry. The ability to conduct transactions across various blockchains remains elusive but not impossible. Komodo (KMD) is hoping to lead the charge in this regard. 

So far, the project is adding support for 13 chains. AtomicDEX remains among the very few decentralized exchanges that have excellent cross-chain support. The platform is not just compatible with the Ethereum Virtual Machine but with other projects as well, including Dogecoin. 

Also, Komodo is making a major push to bring NFTs to its ecosystem, including its own exclusive NFT collection. All these moves are designed to expand the ecosystem, and in the end, this will be reflected in the price. KMD is now trading at $0.5 and as sentiment in the market improves, expect the coin to surge further.

Is Komodo (KMD) a good buy?

Yes, Komodo (KMD) has really shown a lot of promise. The focus on cross-chain interoperability is a big move. Although there are challenges and weaknesses, there is no doubt this is the way to go for the blockchain industry.

Komodo appears to be leading the way, and as such, it is a decent investment right now. The project also has a market cap of $70 million so it can grow further.

The post Komodo (KMD) plans to offer Interoperability support for AtomicDEX – Coin surges nearly 50% appeared first on Coin Journal.

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Tezos (XTZ) is up nearly 80% from January lows – Is there enough momentum for growth?

Tezos (XTZ) is one of those coins that seems to have really come from the brink. The coin slumped massively in January, at a point even hitting its six-month low. But after the decent rally that we saw at the start of the month, things are looking gloomy for the coin. Here are some facts:

  • Tezos (XTZ) is up over 80% from its lows in January this year.

  • At press time, the coin was down around 7% and was trading at $2.98.

  • It doesn’t seem like there is enough bullish momentum to take XTZ further in the near term.

Data Source: Tradingview 

Tezos (XTZ) – Price prediction and analysis

As noted above, the recovery that we saw on Tezos (XTZ) over the last few weeks has been impeccable. The coin has come from six-month lows to report gains of over 80%. At one point, Tezos was even testing $5. 

But as the crypto market continues to see more weakness due to increased tensions in Europe, Tezos (XTZ) has pulled back significantly. In fact, the coin has lost nearly 26% in the last 11 days and has fallen below a crucial support zone of $3.2. 

This suggests that there will be more weakness in the days ahead. At press time, XTZ was trading at $2.99. The key right now is to watch whether bulls can push the price above $3.2. But this only happens when we start to see more volume in the market.

Should you buy Tezos (XTZ)?

Tezos (XTZ) is a smart contracts platform that is designed to offer better, more efficient operations than Ethereum. So far, the project has seen increased investor interest and is rated among the most promising chains in the market right now. 

It is indeed a very good asset to put in your portfolio, especially when you consider that the market cap is still at $2.6 billion.

The post Tezos (XTZ) is up nearly 80% from January lows – Is there enough momentum for growth? appeared first on Coin Journal.

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Following the dips – Top crypto assets to watch in the recent slump

The crypto market has dipped quite significantly in the last two weeks or so. Bitcoin for instance has tanked below $40,00 after recently testing $45,000. It’s not clear when the downtrend will abate. But even then, there are still some decent dips that you can consider. Here is why:

  • The current dip has been triggered mostly by geopolitical factors.

  • There is no significant systematic risk in the market as of now.

  • The crypto market is expected to rebound in the near term.

So, if you want to ride the coming recovery after the recent slump, then we have some assets to watch out here below:

Ethereum (ETH)

Ethereum (ETH) was predicted to hit $10,000 in 2022 after a very good performance in 2021. But the coin has not started the year in the same fashion. After slumping to around $2000 in January, we saw some decent bullish momentum at the start of this month. 

Data Source: Tradingview 

At some point, ETH was even about to thrust over $4000. But ever since, the coin has fallen. At press time, it was trading at around $2500. We expect ETH to bounce back to $3200 in the near term, so it’s a great dip to check out.

Near Protocol (NEAR)

The fundamentals of the Near Protocol (NEAR) have often been quite decent to say the list. But the coin is really bleeding right now, losing over 20% in the last 7 days. Although a rebound won’t come soon, it will manifest eventually. NEAR is at the moment is trading at $8.63, a massive discount considering the potential it has.

Theta Network (THETA)

Theta Network (THETA) has also been in the crosshairs of the Ukraine-Russia tensions. The coin has fallen by over 25% in the last 7 days. This weakness is likely to continue of course but there is still a lot of upsides to gain once the market rebounds.

The post Following the dips – Top crypto assets to watch in the recent slump appeared first on Coin Journal.

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Algorand (ALGO) price analysis – Why a 40% correction is coming?

Broader weakness in the crypto market has been quite evident over the last week or so. As a result, we are starting to see Algorand (ALGO) forming a bearish pattern that could lead to a massive price correction. Here are some highlights:

  • At press time, Algorand (ALGO) was trading at around $0.81, down 5% for the day.

  • The $0.8 mark has proved to be a crucial support line but we expect ALGO to fall below that.

  • When this happens, the coin could push towards $0.5 in the near term.

Data Source: Tradingview 

Algorand (ALGO) – The coming 40% correction?

There is no doubt the broader crypto market has seen a lot of weakness in recent days. Algorand (ALGO) has also followed suit. After a more robust performance at the start of the month, the coin is now on the decline. 

The $0.8 mark remains one of the key support zones. Although bulls have done well so far to maintain the price action above this, we don’t expect ALGO to hold out for much longer. As a result, the coin could fall to $0.5 before we start to see any signs of a trend reversal. 

This will represent a correction of nearly 40%. However, if bulls can somehow manage to send ALGO above $0.9, the bearish outlook may abate in the foreseeable future. At press time, the coin was trading at $0.81.

Is it the right time to buy Algorand (ALGO)?

Well, most coins right now are trading lower, so if you are a dip buyer, this would be the time to come in. But when you consider that more weakness is projected on Algorand (ALGO), it would be more prudent to sit out for now and wait for the price to decline further. At least that way, you get minimal downside risk and a discount when you decide to buy.

The post Algorand (ALGO) price analysis – Why a 40% correction is coming? appeared first on Coin Journal.