Monat: März 2022

The crypto market has not had the most successful start to the year. In fact, Q1 in 2022 has been a brutal time for most assets. But there is a chance that the second quarter of the year may bring a change in fortunes. Here are some highlights:

• Investors will price in the macroeconomic and geopolitical pressures in the weeks ahead.

• Despite high volatility, the general trend for 2022 is predicted to be positive.

• Some projects still remain highly undervalued because of the recent slump.

For investors who are looking to profit from a Q2 rally in the crypto market, the following are some top 3 assets to buy:

Internet Computer (ICP)

After showing some signs of life in February, Internet Computer (ICP) is back on its downtrend. In fact, the coin has been losing money since the tail end of 2021. 

Data Source: Tradingview 

Although we do not expect a bullish reversal in the long-term trend to come soon, the second quarter of the year could prove very decisive. ICP is now trading at $16.18. It’s down 7% for the week. This is a perfect opportunity to grab it.

Kadena (KDA)

Kadena (KDA) is a promising blockchain project, and even though it’s been around for a while, it still offers an array of incredible future potential. KDA right now has a market cap of $1.1 billion and is trading at $6.5. The token has moved sideways, for the most part, this month but still remains very low compared to the highs of 2021. It could rebound sharply in Q2 2022.

Oasis Network (ROSE)

After falling for around 10% last week, it doesn’t seem like Oasis Network (ROSE) has anywhere to hide. The token is however highly undervalued and underrated. Investors are likely to start giving it the attention that it needs and as such, we may see a sharp rise in the coming weeks.

The post Top 3 crypto projects that could rally in the second quarter of 2022 appeared first on Coin Journal.

As most coins in the crypto market continue to slump, Immutable X (IMX) has been posting incredible gains over the last week or so. Recent chain news has driven much of this surge but can IMX keep this going? Here are some highlights:

• Immutable X (IMX) announced it had raised $200 million to fund the expansion of its ecosystem.

• Despite the rally, Immutable X (IMX) still remains significantly lower compared to its ATH

• At press time, the coin was trading at around $1.8.

Data Source: Tradingview

Immutable X (IMX) – Price prediction

The recent 50% surge for Immutable X (IMX) came as a welcome surprise for investors. The market over the last few days has been very volatile and it’s been harder every day to find some good news across the board. But despite this, we expect IMX to pull back slightly. 

In fact, at the time of writing, the coin had lost around 5% over the last 24 hours, trading at $1.85. The most important thing to watch right now is the $1.95 mark. If indeed, IMX can find enough bullish uptrend to test or even cross that threshold, then we could see more gains coming in the near term. 

But there still remains a significant risk of a sell-off. When coins rally like this, they will plateau at some point. For IMX, it seems that the point is $1.8. A break below that could lead to more losses.

Is Immutable X (IMX) worth it?

There is no doubt that Immutable X (IMX) has fallen sharply since it reached all-time highs a few months back. The coin has also been on a bearish trend for the most part of this year. 

While this can be a problem for the short term, from a long-term point of view, Immutable X (IMX) still remains a decent buy with significant potential.

The post Immutable X (IMX) gains over 50% in recent weeks even as most crypto-assets continue to slump appeared first on Coin Journal.

The macroeconomic picture and increased geopolitical pressure have seen Harmony (ONE) drop quite significantly since January. Although there have been periods where the token has threatened to rise, it has always come crashing back down. But is this about to change? Here are some highlights first:

• Harmony (ONE) has established a strong demand zone between $0.106 and $0.121.

• At press time, the coin was slightly trading above that at $0.125.

• If ONE enters that zone, we could see some increased buying from bulls.

Data Source: Tradingview 

Harmony (ONE) – Is a bull run feasible?

As noted above, for most parts of 2022, Harmony (ONE) has largely been on a downtrend. It is highly unlikely that this bearish trend will reverse in the near term. As it is, sentiment in the crypto market remains largely fearful as investors weigh in increased macroeconomic and geopolitical pressures. 

But short-term bull runs are still possible for Harmony (ONE). The coin is currently headed to an important demand zone of between $0.106 and $0.121. This is likely going to trigger a bullish run that could push ONE towards $0.164 in the near term. 

This will represent a 30% gain from the current price, which at press time was $0.125. But sustained gains above $0.164 will be highly unlikely. ONE is likely to pull back once it tests that price and try to find more demand once again.

Why is Harmony (ONE) undervalued?

The key for any investor is to find a crypto asset that is undervalued, and Harmony (ONE) is one of them. The coin has fallen sharply from all-time highs and has been reporting losses for most parts of 2022. 

But the project still has a lot of potentials, and the underlying fundamentals are very good. In fact, the general outlook for Harmony in 2022 is still very positive despite recent turmoil. It is a great asset to grab right now.

The post Harmony (ONE) nears a crucial demand zone – is a bull run finally here? appeared first on Coin Journal.