Monat: März 2022

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You can now buy Stellar, which is about to break out: here’s where

The popularity of Stellar has been rising ever since a token burn two days ago. The 30th biggest coin by market cap achieved a weekly gain of around 4%.

Look no further than this short article to get the details on Stellar, such as if it’s worth buying, and the best places to buy Stellar now.

Top places to buy Stellar now

eToro

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CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

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What is Stellar?

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked.

Soon thereafter, its priorities shifted to helping financial firms connect with one another through blockchain technology.

The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten.

Should I buy Stellar 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.

Stellar price prediction

Stellar was changing hands for around $0.17 at the time of writing. Digital Coin Price predicts 1 XML will trade for $0.24 on average this year and $0.34 in 2025. By 2030, it could average $0.80.

Price Prediction is slightly more bullish, putting the coin at an average of $0.26 in 2022. However, its longer-term prediction is quite optimistic. They forecast an average price of $0.74 in 2025 and $5.11 in 2030.

Stellar on social media

The post You can now buy Stellar, which is about to break out: here’s where appeared first on Coin Journal.

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SocialFi is finally here: The top 3 projects to consider

The SocialFi movement has now started to gather steam as social media becomes more integrated into the blockchain. Many investors, including traditional social media firms, are starting to pour money into new Social blockchain projects. Here is why:

  • The rise of web 3.0 will drive the growth of SocialFi.

  • SocialFi can address some of the key problems of traditional social media.

  • Innovative projects in SocialFi are already hitting the market.

Well, while there aren’t many established social media blockchain projects as we speak, we did manage to find a few that should be worth your time. Here they are:

Ultra (UOS)

Ultra (UOS) is a social blockchain project that looks to revolutionize how content is shared across various platforms. The platform is hoping to give users the one-stop-shop to share video games, music, and other types of entertainment in a fully decentralized manner. 

Data Source: Tradingview

Ultra is relatively new and is just getting started. With a market cap of around $340 million, there is a high chance that it will gain even further in the coming days.

Steemit (STEEM)

Steemit (STEEM) is not a new social project, but it’s still very exciting. The project has had a fair bit of issues including a recent hack but they are now looking to the future. 

Steemit basically allows users to create decentralized blogs and other social media platforms within its ecosystem. You also get an easy way to monetize your content. STEEM has a market cap of $122 million right now.

MediaChain

MediaChain is an upcoming decentralized project that hopes to also provide a network of content creators from around the world. It hopes to also help people monetize data without having to go through third parties. 

MediaChain is still under development. We are not sure when it’s coming out, but it is one project you can put on your watchlist.

The post SocialFi is finally here: The top 3 projects to consider appeared first on Coin Journal.

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The best cross-chain interoperability tokens to buy this month

When you think about cross-chain interoperability, the first thing that comes to mind is Polkadot (DOT). It is by far one of the biggest cross-chain networks in the world. But there are many other projects too that you can consider other than DOT. Here is why:

  • DOT has achieved most of its potential and is unlikely to deliver 100x in the near term.

  • Innovations around cross-chain have been coming in fast.

  • Cross-chain projects will dominate the market in the next two or three years.

So, if you are wondering which cross-chain crypto assets to consider buying, check out our top 3 list below.

Cosmos (ATOM)

When Cosmos (ATOM) launched a few months ago, it was dubbed the “mother of cross-chain”. In fact, the primary goal for this project is to create a network of interconnected blockchains with the seamless operation and superb speeds in transactions. 

Data Source: Tradingview 

Cosmos is going to completely revolutionize the internet and has so far gained a lot of traction in the crypto market. As of now, Cosmos (ATOM) has a market cap of around $7.4 billion. The coin is also selling at $26.

Ren (REN)

As for investors who are looking for a medium cap coin in the cross-chain space, then Ren (REN) is a decent option. The coin is designed to offer cross-chain liquidity across various blockchains. It is also fairly new and under the radar, having launched in May last year. At the moment, REN has a market cap of around $350 million. There is a lot still to come from this project.

Synapse (SYN)

Synapse (SYN) is designed to work more or less like a bridge between Layer 1 and Layer 2 solutions. It does this while still maintaining overall efficiency as well. The coin has a market cap of about $450 million as we speak.

The post The best cross-chain interoperability tokens to buy this month appeared first on Coin Journal.

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Shiba Inu (SHIB) could hit yearly lows with a 25% drop – How should you play this out?

Shiba Inu Coin

Shiba Inu (SHIB) appears to be facing several key bearish elements that could sink the price to a new yearly low. The coin, which was the star of 2021, has faced a lot of pressure this year. But how do you play out this possible drop? Details are below but first, some highlights.

  • SHIB has remained lower than its 55- and 200-day SMAs in recent weeks.

  • The coin is also highly susceptible to geopolitical headwinds in Europe.

  • At press time, SHIB was trading at $0.00002173, down 3% for the day.

Data Source: Tradingview 

Shiba Inu (SHIB) – how to play this downtrend?

The bearish sentiment around Shiba Inu is not surprising. In most cases, when the broader market drops, meme coins like SHIB tend to get the biggest hit. After all, not many investors will be targeting meme coins if the general risks in the market remain high. 

The fact that SHIB is now below its 55- and 200-day SMAs suggest a bearish alignment. The coin could drop towards its main support of $0.00001704 before it finds any leg up. This will be a 25% plunge to the downside, and it could mean SHIB will be at its lowest in 2022.

The geopolitical pressures in Europe won’t make things easier as well. The best way to play this out would be to short SHIB in the near term and go long once the price bottoms at $0.00001704.

Has Shiba Inu (SHIB) lost momentum?

After dominating the crypto market in 2021, there are fears that Shiba Inu may have lost momentum. After all, meme coins tend to fade away very fast. But SHIB is huge, and it’s not going away anytime soon. 

After the record-breaking highs of 2021, it was expected that in 2022 the coin would struggle to gain such traction. But despite this, it still remains one of the best meme coins to invest in.

The post Shiba Inu (SHIB) could hit yearly lows with a 25% drop – How should you play this out? appeared first on Coin Journal.

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ThorChain (RUNE) is up over 60% for the week – Can this growth keep going?

ThorChain (Rune) logo on a cell phone screen

ThorChain (RUNE) has been the best performing coin in the top 100 cryptocurrencies. The coin has gained over 60% in the last 7 days. This comes as other crypto assets struggle to find any decent uptrend. But can RUNE actually keep this up?

  • At press time, RUNE was trading at $7.43, up nearly 18% over the last 24 hours.

  • The surge is largely driven by news that ThorChain has launched synthetic assets trading.

  • We expect this momentum to keep up in the coming days.

Data Source: Tradingview 

ThorChain (RUNE) – When to expect a pullback?

As noted above, the surge that we have seen in ThorChain has largely been driven by positive chain news. Just the other day, the platform confirmed that it was launching support for synthetic trading. This means that users can now swap various assets with RUNE and can trade other DeFi synthetic assets on the ThorChain. 

Shortly after news of this support was announced, RUNE was up 37%. The trend has continued, with gains now surging above 63% for the week. It is likely that the uptrend will continue as more investors digest this news. 

But we expect some pullback by the end of the week. At the time of writing, RUNE was trading at around $7.4. The coin will eventually stabilize around $6.5 or thereabout.

Is ThorChain (RUNE) worth it?

Yes, ThorChain (RUNE) is indeed worth it. The project has been highly undervalued to be fair, and we are starting to see just how good it can be. 

Some analysts in fact believe that a push above $10 is possible before the end of the month. Besides, even from a long-term point of view, ThorChain still remains a decent asset to add to your portfolio.

The post ThorChain (RUNE) is up over 60% for the week – Can this growth keep going? appeared first on Coin Journal.