Monat: Februar 2022

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Harmony (ONE) is recovering after a brutal week – Will we see a bull run?

Harmony (ONE) has seen a brutal last seven days. The coin has quite literally tanked, but we have started to see some recovery coming. But are these gains short-lived, or are we going to see a more sustained surge in the coming days? Some analysis here below but first, some highlights:

  • Harmony (ONE) had declined by over 20% over the last 7 days but has since pared some of those losses.

  • At press time, the coin was trading $0.1948, up by about 6% over the last 24 hours.

  • For any bullish outbreak to come through, ONE must overcome the crucial resistance zone of $0.225.

Data Source: Tradingview

Harmony (ONE) – Price analysis and prediction

The daily 24-hour surge reported by Harmony (ONE) is quite robust. The coin is up 6 % albeit it remains in the red over the week after a torrid 7-day period. But despite this upward climb, the indicators suggest that ONE still remains in bearish territory.

For starters, the coin is already below its 200-day SMA of $0.2. We are looking to see if the token can actually recover that important threshold. It will also need to surge past the $0.22 resistance if we are to see a sustained bullish run. But if this doesn’t happen, Harmony (ONE) will fall back to its next support zone of $0.163.

Is it the right time to buy Harmony (ONE)

The crypto market crash that we saw in January this year meant that most coins have dropped and dropped further. ONE is not any different. The dip is real, and this offers the perfect chance for investors who have always wanted to get in on the cheap. 

Besides, the underlying fundamentals that back Harmony (ONE) are all quite decent. For investors looking into the future, this is one token you cannot afford to ignore.

The post Harmony (ONE) is recovering after a brutal week – Will we see a bull run? appeared first on Coin Journal.

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Cardania, a new metaverse gaming token that opens public sales today – Is it a good buy?

We have seen talk and hype around the metaverse over the last few months. But there is no doubt the metaverse is happening. Cardania is a new metaverse project that is opening public sales for its token today, February 15th. Here is what you should know:

  • Cardinia is offering its native token RAD which will be the main utility token for the Cardinia metaverse.

  • Cardinia is hoping to create what it calls an integrated metaverse economy with a rewarding user experience.

  • The public token sale will be solely done on Kick.io and hopes to achieve success like other metaverse tokens, including Decentraland (MANA).

Data Source: Tradingview

Cardinia (RAD) – The fundamentals so far

Before you buy any token, the first thing you do is assess the underlying fundamentals. Cardinia brings a combination of tokenised assets and NFTs to run what it calls an integrated metaverse economy. 

There are other metaverses that promise this. However, since this is an industry that appears to be heating up right now, it’s very hard to ignore RAD. Details about the public sale have also been released. 

All purchases must be made using Cardano (ADA). KYC will be required before any purchase goes through too. There is also a priority sale program for investors who want to get in 24 hours before the coin is opened to the general public.

Is Cardinia (RAD) worth your time?

There is no arguing that new blockchain projects are often interesting. The metaverse in particular, has been offering new innovations as far as new cryptos go. 

While Cardinia (RAD) is not the only new and exciting metaverse project right now, it still has so much to offer. The integrated metaverse ecosystem and the way it combines both NFTs and regular tokens into the mix is a great plus. It is one of those coins that you should check out.

The post Cardania, a new metaverse gaming token that opens public sales today – Is it a good buy? appeared first on Coin Journal.

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Bitcoin (BTC) Could jump by nearly 15% today – Here is the analysis and predictions

After hitting lows of around $32, 000 in January, Bitcoin (BTC) has rebounded sharply. The coin has surged past the $40000 mark and is looking to return to $50,000 in the near term. Bitcoin, at least in the short term, also looks bullish. Here are some highlights to note:

  • BTC has retreated sharply every time it has tested $45,000 as demand appears to die off at this zone.

  • But the coin has found sufficient support around the $42,000 mark and remains poised to trade above that.

  • At press time, Bitcoin was trading at $44,278, up by about 5% in 24-hour intraday trading.

Data Source: Tradingview.com 

Bitcoin (BTC) – Can it swing by 15% today?

After surging by nearly 5% over the last 24 hours, Bitcoin (BTC) has approached a crucial zone. As noted above, the coin has fallen sharply when it has tried to rise above $45,000 before. 

But this time it could be different. First, it seems like the security risks in Europe are starting to ease off. But more so, we have seen a decisive climb above the $42,000 support. This could indicate that there is enough bullish momentum to take BTC above the $45, 000 threshold and even beyond that. 

But if it falls below $42,000, more weakness will follow, with a drop below $40,000 quite feasible.

Is Bitcoin (BTC) a good buy now?

Estimates in 2022 show that Bitcoin will end the year on a high. Some analysts are in fact, looking at $100,000 by mid-2022. There are of course, many downside risks to that. But BTC remains the gold standard in the crypto market. 

While it may not deliver insane returns like newer altcoins, it can offer superb and steady long-term growth, especially for investors who want to diversify their portfolios.

The post Bitcoin (BTC) Could jump by nearly 15% today – Here is the analysis and predictions appeared first on Coin Journal.

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Chingari announces the launch of a brand-new native token – Everything you need to know?

Chingari has announced it is launching its new beta testnet of its native token GARI. The token comes as the Indian-based social network gets ready to launch a new Mainnet this week. Chingari has over 100 million users. So, how will this token perform in the future? Here are some highlights:

  • The new GARI token is expected to help revolutionise the creator economy on the Chingari platform.

  • Chingari is also launching a matching crypto wallet as well, both of which will run on Solana (SOL).

  • Chingari has over 35 million active monthly users, one of the highest in India and in the world.

Data Source: Tradingview 

GARI Token – The tokenomics to know about

The move to create more value for users by Chingari has been steamrolling for the last few months. In fact, the platform has acquired several capital investments in this endeavour with a $19 million Series A funding last year.

The launch of the GARI token is the biggest move yet. Although we are seeing a beta test first, there is no doubt that this is big news.

It’s also worth noting that a Mainnet is expected to launch soon to coincide with the token. With India seen as one of the key crypto markets in the world, this is a good move for Chingari.

Should you buy the GARI token?

Right now, the GARI token is well and truly in its infancy. But based on the underlying fundamentals, it could become huge. India remains a key market for crypto growth. We have seen many innovative products come out of there.

While Chingari is not really expected to be the top driver of crypto adoption, its native GARI token could play a key role in cementing India as the world leader in crypto over the coming years.

The post Chingari announces the launch of a brand-new native token – Everything you need to know? appeared first on Coin Journal.

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SundaeSwap’s (SUNDAE) to list on Bitrue starting next month – Here is why you should consider buying

SundaeSwap’s (SUNDAE) will be listed on Bitrue in the next month. The news is a big shot in the arm for the Cardano-based DEX. So, what can the listing do for Sundae Swap, and should you buy before or after the listing? Some analysis is below but first, here are some highlights:

  • SundaeSwap’s (SUNDAE) is the main DEX for Cardano (ADA), one of the biggest blockchain networks in the world.

  • Despite its high-profile nature, SundaeSwap’s (SUNDAE) has faced several congestion issues but remains an exciting project.

  • Listing on Bitrue, one of the leading crypto exchange platforms in the world will boost SundaeSwap’s (SUNDAE) in a huge way.

Data Source: Tradingview 

SundaeSwap’s (SUNDAE) – What will the listing bring

When you look back into history, when tokens are listed in some of the leading crypto exchanges out there, they often see a sharp surge in the price. This is not to say that SundaeSwap’s (SUNDAE) will do the same. 

But the fact that it’s getting a node to trade on Bitrue suggests that other high-profile exchanges will also follow suit. This can only be positive for the token. 

Besides, this is a coin that is not yet available for trading. This gives investors the chance to get in early. There will be a surge of course, in pricing if SundaeSwap’s (SUNDAE) follows the same path other newly listed tokens have.

Is SundaeSwap’s (SUNDAE) worth buying

There are two main reasons that make SundaeSwap’s (SUNDAE) worth buying. First of all, it is the main DEX platform on Cardano. This is a huge thing, and as the adoption of the Cardano chain continues to grow, there will be more value for Sundae Swap. Also, it is worth pointing out that this coin is new and fresh. It has had its fair share of challenges, but it is bouncing back stronger.

The post SundaeSwap’s (SUNDAE) to list on Bitrue starting next month – Here is why you should consider buying appeared first on Coin Journal.