Monat: Mai 2022

The Sandbox (SAND) was one of the main stand-out performers in 2021. The coin, and by extension most metaverse coins, saw insane gains. But since January, investors have been selling off SAND and as a result, the coin has literally crashed from its 2021 highs. But this also offers a long-term buying opportunity and here is why:

• Despite the price crash, The Sandbox metaverse continues to report decent growth.

• The crash also means that SAND is the cheapest it has been in months.

• We expect the coin to grow massively as metaverse adoption grows.

Data Source: TradingView 

The Sandbox – Price prediction

In the short term, there is very little to suggest that SAND will rally decisively. This has got nothing to do with the coin. Market conditions in crypto are quite uncertain and as you would expect, coins like SAND would struggle. The coin is now trading at slightly above $1. This is way lower than we expected at this time of the year.

SAND will likely surge towards its next resistance zone of $2.68 but it will be hard to cross that mark. Instead, expect more volatility in June as the market stabilizes. The $1 price is however the ultimate entry point for long-term SAND buyers. 

It’s hard to imagine the coin hitting this price ever again. And when you consider the potential that SAND has, this is perhaps the best opportunity to stock it up.

How soon will SAND recover?

Not very soon to be honest. The problem with crypto right now is that it’s correlating with equities. As stocks have fallen, crypto has also followed suit. It means that investors are worried about global economic concerns and geopolitical tensions. 

So, until we start to see some improvements in equity markets, SAND will likely remain suppressed. However, the coin has the potential to offer 5x this year alone.

The post The Sandbox (SAND) offers a long-term buying opportunity after a recent sell-off appeared first on CoinJournal.

Over the years, meme coins have become part and parcel of the crypto universe. While there have been many such coins released in recent times, only a handful have gone on to become huge. For this reason, it is always important to do extensive due diligence before you buy into a meme coin. Nonetheless, here is why these coins should be on your radar:

• Meme coins have the potential to grow very fast within a short time.

• Most meme coins are also adding more utility to their ecosystems.

• These coins can also be adapted to crypto payment systems with ease.

So, for those of you keen on investing in a few meme coins, we have three options here below that should be just perfect.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is no doubt the most popular meme coin in the world. In 2021, SHIB made a lot of people rich and continued to rank as one of the biggest coins in terms of market cap. With this big-name recognition, investing in SHIB offers relatively less risk. Data Source: TradingView 

Also, Shiba Inu has been adding more features to its ecosystem. It’s not just a meme coin. There are plans to launch the SHIB metaverse and plans to also integrate SHIB into modern crypto payments.

Akita Inu (AKITA)

AKITA is a relatively unknown and newer coin. This can be a good thing or a bad thing. However, with a market cap of around $30 million, there is enough proof of concept here to suggest that AKITA is legit. Also, this relatively low market cap opens AKITA for massive growth. This is a meme coin that could easily offer 5x growth with the right media coverage.

Dogs of Elon (DOE)

Dogs of Elon (DOE) is also another unknown meme coin with a credible reputation. So far, the coin has hit a market cap of around $21 million. It can therefore blow up anytime and deliver resounding gains.

The post Top 3 meme coins to put on your watchlist today appeared first on CoinJournal.