Monat: April 2022

The broader crypto market has started the new week the same way it ended last week. Most coins have continued to report losses. But in the middle of all this, Decentralized Social (DESO) appears to be holding steady in fact; the coin is relatively bullish compared to the rest of the market. Here is what you need to know:

• DESO has surged by nearly 10% over the last 24 hours, outperforming the market.

• The coin also remains well above a crucial support zone of $37.5

• But massive whale holdings open DESO to wild volatility

Data Source: Tradingview 

Decentralized Social (DESO) – The price action

As noted above, DESO has managed to outperform the whole market by a mile. As most coins see single-digit drops today, DESO has surged by over 10% over the last 24 hours alone. The coin has now gained nearly 70% from its lowest point in 2022 and looks to keep going. 

Besides, DESO remains above the crucial support zone of $37.50. As long as bulls keep the price action above this, then we could see DESO thrust towards $54 in the near term. The biggest risk factor, however, is massive whale accumulation for this coin.

This makes it prone to wild volatility if big wallets decide to sell. In fact, a scenario where DESO loses the $37.5 support is possible. This could bring massive sell-off pressure and push the price downwards.

Is DESO a profitable asset?

Well, it is and it depends on how you want to play the current setup. DESO may still add at least 20% of its value before it corrects, so there is a short-term play here. This will however depend on whether whales decide to sell or not. 

Also, DESO is fairly decent as a long-term asset. We believe the coin has the potential to touch $100 by the end of 2022, which will be a 100% return.

The post Decentralized Social (DESO) shows bullish signs even as the rest of the market slows appeared first on Coin Journal.

There is no other asset class in the world that can deliver the kind of returns that crypto offers. People have made 100x on capital easily in the market, while some cons like SHIB have simply delivered insane growth. Here is why crypto offers the best opportunity to grow your money fast:

• The market has a history of massive returns over the last two decades.

• The crypto market also has a lot of liquidity which makes it easier to buy and sell.

• Demand for cryptocurrencies is growing each and every day, with new projects coming in.

But what if you just wanted to make 5x your money this year? Well, we have 3 projects below that could offer this possibility.

Waves (WAVES)

The Waves (WAVES) protocol has been one of the top perming crypto assets in the market over the last month. The coin has seen more than 2x growth in less than two or three weeks. 

Data Source: Tradingview 

Although some of these gains have retreated after a small correction, it is likely that WAVES will continue to rise before the end of the year. The potential to deliver 5x or even higher by the turn of 2023 is indeed a huge possibility.

Biconomy (BICO)

In addition to its low market cap, Biconomy (BICO) is also backed by superb underlying fundamentals. The project is designed to act as a multichain relayer protocol that helps improve transaction speeds and reliability for DAPPs. So far, BICO has been getting a lot of positive press, and it’s likely that a 5x jump this year is possible.

Guild of Gordians (GOG)

Play-to-earn games are expected to dominate the crypto industry for years to come. We saw projects like Axie achieve massive success in 2021. Guild of Guardians (GOG) is hoping to also achieve this and it has the potential to really explode. The coin is at around $16 million in market cap.

The post Best cryptocurrencies to 5x your money this year appeared first on Coin Journal.

One of the best ways to make money from crypto would be to target low-cap coins. Now, this does not mean that all low cap projects will go on to make it big. But in most cases, if you want to grow your capital fairly fast, such low cap coins would be just perfect. Here is why:

• A low cap coin often has relatively low value with room to expand.

• Most low cap coins tend to have low coverage by the media and other investors.

• Almost all coins that have delivered 10x or more have often been low cap assets.

With this in mind, it should be the responsibility of any investor to hunt down promising low cap coins and lock them in. Here are 3 options you can consider now:

Base Protocol (BASE)

The Base Protocol (BASE) is basically a crypto asset whose value is pegged on the market cap of the entire crypto industry. In essence, the price action of these coins is based on how the overall market cap of the industry moves. 

Data Source: Tradingview 

BASE is designed to help investors bet on the entire crypto market without having to buy specific coins. It is a very interesting project, and when you consider the market cap right now is around $1.1 million, the potential for growth is massive.

Fetch.AI (FET)

Fetch.AI (FET) is an NFT inspired project that wants to create a robust and social sharing culture. The project is relatively small, with a market cap of around $250 million. With NFTs really heating up, it is likely that FET will see more growth in the medium term.

Augur (REP)

Augur (REP) is a prediction markets aggregator that hopes to create a fully decentralized prediction market community. It has a powerful ecosystem and a stellar team of experts to back it. The project as of now has a market cap of around $140 million.

The post Top low cap crypto projects that have so much potential appeared first on Coin Journal.