Monat: Mai 2022

Veröffentlicht am

Top Blockchain Infrastructure Projects to watch out for

Blockchain infrastructure is the foundation of the decentralized revolution. Ever since the Bitcoin chain launched, more and more projects have been established, each offering something unique. But why would investors be interested in these ecosystems?

  • Demand for blockchain ecosystems is always going to be high

  • Innovations in blockchains are making decentralization cheaper

  • The long-term value of blockchain infrastructure projects will always be very attractive.

If you are keen on putting your money on promising blockchain infrastructure, we have three projects here below to watch.

Callisto Network (CLO)

The Callisto Network is a smart contractS platform designed to offer efficient blockchain infrastructure. The chain is known for its low fees and fast transactions. Although the concept behind Callisto was launched in 2018, it’s only recently that the project has been getting some mainstream attention. 

Data Source: TradingView 

With a market cap of around $11 million, there is still quite a lot this project can offer. Also, Callisto has been attracting many decent P2E and NFT projects. It has also launched a few DEXs and DeFi apps as well. As long as the ecosystem is growing, better days will come.

Celo (CELO)

Unlike Callisto, Celo is more of a known project. But it’s actually relatively newer. Its MainNet came online for the first time in 2020. Celo’s main goal is to accelerate the adoption of cryptocurrencies by providing an integrated ecosystem. 

So far, the project has seen the addition of innovative crypto payment apps and DeFi protocols. It has a market cap of around $600 million too. CELO could realistically grow 10x in a few years.

Helium (HNT)

A lot has been said about Helium (HNT), and for good reason. It is one project that is working to decentralize access to the internet. So far, helium has received a lot of investments and it seems to be laying the groundwork for massive growth. It’s definitely worth watching it.

The post Top Blockchain Infrastructure Projects to watch out for appeared first on Coin Journal.

Veröffentlicht am

Cronos (CRO) could rally by at least 20% over the coming days

Cronos (CRO) is starting to attract growing demand after selling off in recent weeks. The coin appears to have a significant upside for more gains this week despite slowing investor sentiment in the market. CRO has now established a bullish setup with potential double-digit gains in the short term. Here are some crucial pointers:

  • CRO has managed to overcome the crucial $0.202 resistance zone in the last 24 hours

  • This could trigger a decisive break that will settle at $0.249

  • CRO will however need to close above $0.173 today for this thesis to hold

Data Source: TradingView 

Cronos price prediction and analysis

May hasn’t been good for CRO and its investors. The coin has fallen from its highs of $0.5 to below $0.2, a loss of around 60% in two weeks or so. But it is clear that the worse is over for now. We do not anticipate any major sell-offs for CRO in the days ahead. 

If anything, the coin is likely going to consolidate above $0.2. This comes after CRO managed to turn this crucial resistance zone into support. If indeed CRO bulls are able to keep the price above $0.2 by the close of trading today, we will see a decisive run that takes the coin towards $0.249. This will represent a gain of around 20% from the current price. 

However, downside risks still remain. If CRO fails to hold $0.2 and falls below $0.17, then this bullish setup will be invalidated. Instead, the coin could crash to $0.139 before its next run.

Should you buy CRO for the long term?

The short-term outlook for CRO is positive. But it also comes with significant downside risks. If you plan to profit from this coin, a long-term play is indeed worth it. 

We expect CRO to return to $0.5 in the coming weeks and even surge further by the end of the year.

The post Cronos (CRO) could rally by at least 20% over the coming days appeared first on Coin Journal.