Monat: Mai 2022

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You can now buy Songbird, which gained 55% in 24 hours: here’s where

As Songbird’s lucrative token giveaway draws to a close, its value is rising exponentially. The live Songbird price today is $0.03 with a 24-hour trading volume of just over $10 million. 

Look no further than this short article for all the details about Songbird: what it is, is it worth investing in, and the best places to buy Songbird now.

Top places to buy Songbird now

Bitstamp

World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy SGB with Bitstamp today

Celsius

Celsius is proud to provide a platform of curated services that have been abandoned by big banks – things like fair interest, zero fees, and lightning quick transactions. Our goal is to disrupt the financial industry, one happy user at a time, and introduce financial freedom through crypto.

Buy SGB with Celsius today

What is Songbird?

Songbird is the token of Flare’s Canary Network, enabling trustless use of tokens on networks without smart contracts. Songbird is powered by Flare’s technology. Flare is a scalable, low carbon, low cost, highly decentralized smart contract EVM-compatible platform. 

Its native token Spark (FLR) allows Flare to unleash huge value in diverse ecosystems and blockchain communities. 

Flare’s network structure is derived from its underlying integrated networks, which makes it unique. It leverages the decentralization and security of these networks. 

Should I buy Songbird 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.  

Songbird price prediction

Analysts make mixed predictions of Songbird’s price. Wallet Investor and GOV Capital are bearish. The former forecasts a drop to $0.01 in March and to $0.007 by the end of the year. GOV Capital expects Songbird to have zero value in a year’s time.

Price Prediction and Digital Coin Price are bullish. The latter predicts it will reach $0.11 this year and $0.17 in 2025. In 2030, it expects Songbird to be worth $0.38. Price Prediction forecasts a race from $0.09 this year to $0.41 in four years. 

Songbird on social media

The post You can now buy Songbird, which gained 55% in 24 hours: here’s where appeared first on Coin Journal.

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Boom to burst: Will Terra (LUNA) ever return to $120 again?

The crypto news cycle over the last two weeks has largely been dominated by Terra (LUNA). The coin went from being one of the top ten most valuable crypto assets to ranking below 200. It all happened in days. So, will the stablecoin platform ever return to its heyday? Here are some highlights:

Terra has literally gone bust over the last week or so.

The coin has hit all-time lows albeit we have seen some slight recovery.

At the moment, LUNA is facing huge volatility with swings of up to 50% per day.

Data Source: Tradingview 

Will Terra ever return to $120?

Terra (LUNA) was always seen as the crème on the cake as far as crypto goes. It was among ten of the most valuable assets in the market and for a long time, it traded above $100. But after periods of decline, the coin had settled at around $40 in 2022. 

However, all that value was wiped out after its dollar-pegged UST stablecoin lost its peg. LUNA simply crashed and is now selling for pennies. A return to glory will not be that simple though. Although some slight recovery has been reported over the last few days, there is just so much volatility around LUNA to say for sure it coming back. 

Besides, a lot of the things that need to happen to give LUNA a chance have not happened yet. UST is still de-pegged, and the Terra community is running out of ways to defend the stablecoin. It will be a miracle if LUNA returned to $10 let alone $120.

Should you buy the LUNA dip?

You can trade LUNA as of now, but don’t hold it. As noted above, due to high volatility, the coin is swinging wildly. 

This gives short-term speculative traders a chance to win big. But for the long haul, LUNA is just too risky right now.

The post Boom to burst: Will Terra (LUNA) ever return to $120 again? appeared first on Coin Journal.

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DeFi Dips: Top coins to buy while the price is low

As crypto starts to see some recovery after major losses last week, keen investors will be scanning the market for the best dips to buy. Well, one area where such opportunities are is in DeFi. Most DeFi coins have sharply fallen. Here is why this is the best time to buy:

  • DeFi will almost certainly bounce back in the near term

  • Decentralized Finance is the future of blockchain technology

  • Current dips offer investors the perfect chance to buy heavily discounted DeFi projects.

As noted above, there are many superb dips in the DeFi space to take advantage of. Check out the top 3 listed below:

Uniswap (UNI)

Uniswap (UNI) has seen its value decline by over 25% in the last 7 days. The DEX has also reported sharp losses from its 2022 highs. In fact, UNI is almost 3 times cheaper than it was a few weeks ago. 

Data Source: Tradingview 

If you have always wanted to get it but felt the price was too high, this is the perfect opportunity to pounce. After all, Uniswap is the largest DEX on Ethereum and the largest in the world. The long-term value that it can deliver is simply too good.

Convex Finance (CVX)

Convex Finance (CVX) is one of the biggest liquidity protocols in crypto. The project has nearly $6.6 billion in Total Value Locked so far. It simply allows users to deposit liquidity and earn boosted rewards in return. CVX has however fallen by almost 50% over the last 7 days. This discount makes it a great choice for DeFi dip buyers.

Yearn Finance (YFI)

Yearn Finance (YFI) has dropped out of the top 100 most valuable crypto projects. The coin has lost nearly 35% in a week. YFI is however backed by some outstanding investors and a great pedigree in the market. It’s just a matter of time before it fully recovers.

The post DeFi Dips: Top coins to buy while the price is low appeared first on Coin Journal.

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Top undervalued coins in play-to-earn that you should watch in 2022

The crypto industry has been diversifying quite a bit in recent years. Play-to-earn and NFTs are perhaps two areas that are providing much-needed excitement in the industry. For this reason, most investors are keen to unlock value in these two areas. Here is why P2E is popular:

  • Play-to-Earn is a relatively new area with exemplary potential

  • Several P2E projects have already delivered huge returns for investors

  • The play-to-earn sector is largely intertwined with the growing NFT craze.

Being a new industry, undervalued projects in P2E are quite diverse. We decided to create a top 3 list below to give you some investment ideas:

Kara Star (KARA)

Kara Star (KARA) is a play-to-earn game that also comes with metaverse components. There are two key aspects of the game. The first is the Kara. These are NFT-based pets in the game. 

Data Source: Tradingview 

There is also virtual land. This is where the Kara lives. The goal for players is to grow their Kara and battle it out with other users for rewards. KARA is already listed in Kucoin and Binance.

Crypto Golf Impact 

As the name suggests, Crypto Golf Impact is the first mobile-based play-to-earn golf game. It is relatively new, having launched early this month. The game allows users to earn major rewards by competing in major tournaments. It also offers a very real-life gaming universe. The game has the potential to become a big hit this year.

Aqua Farm

Aqua Farm is an upcoming role-playing P2E game built on the Polygon network. The game is expected to launch later this month. The adventure-filled game is designed to deliver a truly immersive experience and comes fully integrated with an NFT marketplace. If you are looking for real upside potential, this would be a great game to keep on your watchlist.

The post Top undervalued coins in play-to-earn that you should watch in 2022 appeared first on Coin Journal.

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Tezos (XTZ) aims for $2 after consolidating above a key support zone

The crypto market is stabilizing after steep losses last week. Most coins are trying to generate demand for bullish runs, and Tezos (XTZ) is not any different. The coin in fact looks poised for a decent uptrend in the coming days. Check out the main takeaways below:

  • XTZ is consolidating above its crucial $1.6 support zone

  • If the price action remains above this zone at the close of trading today, XTZ could test $2.

  • Despite this, the coin remains in a long-term bearish trend.

Data Source: TradingView 

How soon will XTZ cross $2?

It’s actually not easy to answer this. As you know, sentiment in crypto over the last few months has been quite hard to predict. At the moment, it seems investors remain fearful as headwinds in the market continue to wipe away profits. 

However, we expect XTZ to brush across $2 in the days ahead. The key for the altcoin would be to maintain the $1.6 support. As long as bulls keep the price action above this zone at the end of trading today, then we will see more upside towards $2. 

But there is of course a risk that $1.6 could be lost. If this happens, XTZ will likely bottom at $1.3 or thereabout before it makes a comeback. However, despite this short-term upside, the overall trend for XTZ remains bearish. The coin will likely accelerate losses in Q2 2022.

Is Tezos a good coin?

If you are looking at the value proposition that Tezos offers, then you will agree it is a decent project. The recent slump in the price is however worrying. XTZ is in fact down 80% this year. 

Nonetheless, we expect some recovery before 2022 is out, especially if overall sentiment in the market starts to improve. Based on these metrics, XTZ should be a decent buy for long-term investors.

The post Tezos (XTZ) aims for $2 after consolidating above a key support zone appeared first on Coin Journal.