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Top cryptocurrencies that are facing major corrections right now

The last week of March has probably been one of the best for crypto this year. Coins have been on the rise and it seems the momentum is not about to slow down. But as with every strong uptrend, corrections are indeed inevitable. Here is why we think a pullback is coming:

  • Bitcoin and other major caps have stagnated after the recent uptrend

  • Short-term buyers have largely driven this surge and will take profit at some point.

  • It seems like the continued rise was seen in the last two weeks has lost strength.

There will however be coins that will face major corrections than others. We have created a list here to check out:

PancakeSwap (CAKE)

PancakeSwap (CAKE) has actually surprised many analysts with its recent uptrend. The coin did not seem like it hard any buyer demand but has somehow managed to pull up in the market. CAKE has now added at least 30% to its value over the last week. 

Data Source: Tradingview 

But looking at the price action today, CAKE has slowed in fact, even though the coin has reported modest gains, it has failed to overcome overhead resistance. We expect a small correction to follow in the days ahead.

Skale Network (SKALE)

Skale Network (SKALE) was also another major surprise. The coin was just teetering, and all of a sudden, it shot up from nowhere. SKL has now gained 112% in the last week, with 35% of that coming in the last 24 hours. The token will likely add more gains before it finally corrects in the near term.

IOST (IOST)

IOST (IOST) has also pushed its uptrend to a whole new level, adding around 80% in gains over the last seven days. But even though the coin doesn’t seem like it’s about to slow down, at some point bullish momentum will die. This may in fact happen sooner than you think.

The post Top cryptocurrencies that are facing major corrections right now appeared first on Coin Journal.

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Hunting for microcaps? Top 3 coins with less than $50 million in market cap

One of the best strategies to grow your capital from crypto would be to find low-cap coins that have so much potential. Coins below the $50 million mark in market capitalization are in particular, quite good and here is why:

  • Microcap coins tend to have so much room to expand

  • Demand for promising microcaps will always be high among investors

  • Small-cap projects tend to be new and often under the radar

So, if you are looking for the next big project with a small market cap today, we have listed three coins below that you can consider:

Numbers Protocol (NUM)

It seems like in recent years, everything has been going toward the blockchain. But very few projects have come up to create a decentralized photo network where artist and creators can share their work securely. 

Data Source: Tradingview 

The Numbers Protocol (NUM) is trying to address this problem by providing the infrastructure needed. With the increased popularity of NFTs, NUM could see major gains and its market cap remains at just $38 million.

Gods Unchained (GOD)

GameFi is also one area of the blockchain industry that is worth looking at. There have been many games, some of which have gone on to make huge money. Gods Unchained (GOD) appears to have that kind of potential. It’s a free-to-play card game that allows users to earn crypto rewards in the process. The project has a market cap of $35 million.

Cream Finance (CREAM)

Cream Finance (CREAM) is a lending protocol designed to offer crypto-backed loans to people around the world. There are many lending protocols of course but CREAM is trying to offer users better terms and easy access to collateralized loans. With a market cap of just $14 million, you could unlock a lot of future potential with this coin.

The post Hunting for microcaps? Top 3 coins with less than $50 million in market cap appeared first on Coin Journal.

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Top 3 crypto coins to buy before the market gets bullish once again

There are now signs that the crypto market is on a path toward full recovery. After a terrible start in 2022, a lot of coins in the market have started to show positive momentum. We are at the beginning stages of a crypto rally in the coming weeks, and here is why:

  • Investor sentiment around major coins has improved massively.

  • We have seen most coins gain important momentum in the last few weeks.

  • Inflationary pressure and risky equities are pushing investors towards crypto.

So, if you have been waiting for this bull run for some time, there are a few coins that would be worth getting. Here they are:

Cardano (ADA)

Over the last week, Cardano (ADA) has been on fire. The coin has established this strong uptrend and has managed to cross past several crucial indicators. Although the coin slowed a bit over the last few days, the overall outlook remains very positive. 

Data Source: Tradingview 

We expect ADA to continue the upward ascend in the days ahead. It is therefore a great buy for bulls who want to ride this momentum and cash in some profits.

Near Protocol (NEAR)

We have seen NEAR slow down even as other coins in the market rise. The coin has however managed to pick up some momentum and has since crossed past various crucial resistance zones. The only way for NEAR is up right now. As sentiment improves in the market and investors pour more capital into crypto, you can expect some positive price action from NEAR.

Internet Computer (ICP)

Despite gaining 20% over the last 7 days, ICP has also been quite slow compared to the rest of the market. We expect this to shift in the days ahead, with more gains coming in Q2. ICP has the potential to deliver at least 30% in the next bull run.

The post Top 3 crypto coins to buy before the market gets bullish once again appeared first on Coin Journal.

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Looking to 10x your money in crypto? Top coins to consider

There have been stories in crypto where people have gone from rags to riches in literally months. Shiba Inu for example was one coin that astonished everyone in 2021 with unimaginable growth. For this reason, a lot of investors are always looking for the next big coin that will deliver 10x or more in growth. Here is what to look for in case you want such projects:

  • Always focus on microcaps that have smaller valuations in the market.

  • You must be first or among the first people to invest in that asset.

  • Always analyze the underlying business behind a coin before you buy.

Well, we have done some research on these coins and came up with a list of assets we think have the potential to 10x in the near term. Here they are:

Highstreet (HIGH)

The rise of the metaverse will be the next big thing in crypto. As we speak, a lot of money is flowing towards metaverse projects, and the few metaverse coins we have in the market are seeing strong growth. 

Data Source: Tradingview 

Highstreet (HIGH) however offers the incredible promise of outstanding returns. The coin combines virtual reality, NFTs, and gaming in one large metaverse. When you consider that HIGH has a market cap of $89 million, it could easily grow 10x in no time.

Base Protocol (BASE)

For example, let’s say you want to speculate on crypto without having to buy many coins; what do you do? Well, Base Protocol (BASE) allows you to get that option. This is a coin that is pegged on the overall market cap of the crypto industry at a rate of 1:1 trillion. 

Considering that it has a market cap of around $1.5 million, there is just something raw about this coin that could explode massively in the future. BASE is a short to medium-term asset worth your shot.

The post Looking to 10x your money in crypto? Top coins to consider appeared first on Coin Journal.

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Timing the crypto dip: Top coins to keep on your radar

Dip buyers in crypto are waiting in suspense, trying to find any chance to buy-in. But it seems the market is really rallying with most coins on a bull run. But the next dip may actually come sooner before you think. Here is why:

  • Most coins despite rallying have stagnated in recent days.

  • It is likely that some investors may decide to lock in profits after the recent rally.

  • Geopolitical and economic risks have still remained at a high

In case you are waiting for the next crypto dip, there are some coins that you should pay very close attention to.

Bitcoin (BTC)

The performance that Bitcoin (BTC) has shown in recent days has been quite remarkable. The coin has rallied from nearly $32,000 and is now slightly above $47,000. However, even though BTC has managed to smash past its 50- and 100-day SMAs, the coin appears to have stagnated in its attempt to clear the 200-day SMA.

Data Source: Tradingview 

It’s now three days in a row where Bitcoin has tested that price and got rejected. There is major resistance on the 200-day SMA it seems and as such, we may see some sharp fall if BTC fails again to cross over.

ApeCoin (APE)

ApeCoin (APE) just came into the market the other day and has managed to get a market cap of around $3.8 billion in just a few days. But a pullback is coming. Just recently, APE was trading at $6 and at half the current market cap. It is likely the coin will fall back sharply in a correction and as such, it will be a great time for dip hunters to buy.

There are also other dip-buying opportunities to look out for, including Shiba Inu, Axie Infinity, Cardano, and others.

The post Timing the crypto dip: Top coins to keep on your radar appeared first on Coin Journal.