Der Ethereum-Entwickler Péter Szilágyi meldete, er habe einen Fehler gefunden, der zu Datenverlust führt.
Four undervalued NFTs to buy now
An old saying in investment cycles is that the best time to buy is when there is blood in the streets. That’s because you get assets at massive discounts and can gain a lot once the markets start moving. At the moment, the entire cryptocurrency market is in this situation.
Most cryptocurrencies are trading at lows of over 70%. However, one aspect of the crypto market that seems to be at a point of maximum opportunity is NFTs. NFTs have underperformed in recent months, and even in the crypto rally recently, NFT prices remained depressed. Under these conditions, when NFT prices are at their lowest, here are the NFTs that could give a high ROI in case of a rebound.
Bored Ape Yacht Club (BAYC)
Bored Ape Yacht Club (BAYC) is one of the most famous NFT collections in the market today. However, for the better part of 2022, the Bored Ape Yacht Club has been underperforming. In fact, on some platforms that allow for the leverage trading of BAYC NFTs, investors are close to getting liquidated. However, after trending lower for months and fear at its highest, there is a good chance that the Bored Ape Yacht Club could be about to make a rebound. That’s because volumes across the crypto market are drying up, and just a few large orders could trigger a rebound.
CryptoPunks
CryptoPunks is another of the top NFTs in the market today. For months, CryptoPunks NFTs have taken a hit as money flow into the broader cryptocurrency market dried Up. The price is currently flatlining, an indicator that these NFTs could have hit bottom. If the broader market makes a rebound led by a potential bullish breakout for Bitcoin, CryptoPunks is one of the NFTs that could be highly rewarding to investors in the short term.
Battle Infinity
Outside of the two largest NFTs (BAYC & CryptoPunks), Battle Infinity is one of the top NFTs that could do well in the short term. One thing that makes Battle Infinity stand out as a potentially good investment is that big-money players, commonly known as whales, are buying into Battle Infinity.
This month, the Battle Infinity 90-day pre-sale raised more than $5 million and was sold out in under 24 hours. With interest from both small and large investors this high, Battle Infinity could be pretty rewarding to investors in the short to medium term.
My Neighbor Alice (ALICE)
After consolidating between the 19th and 23rd of August 2022, My Neighbor Alice (ALICE) is gaining upside momentum. It indicates that bulls are regaining control and that ALICE could have hit bottom. If the current momentum continues, ALICE could easily end the month above the month at $3 or more.
Besides the technicals particularly bullish for this cryptocurrency, ALICE is likely to get a boost from the broader market, which is also showing signs of bear exhaustion as selling volumes drop. For an investor looking to take advantage of the depressed prices, ALICE comes across as a top NFT to consider in the coming weeks.
The post Four undervalued NFTs to buy now appeared first on CoinJournal.
PancakeSwap prediction as price overcomes slump and posts gains
-
PancakeSwap has narrowed the losses in the past one week to 2.45%
-
The decentralized exchange protocol is backed by Binance
-
CAKE faces resistance at $4.12 but could break out if the momentum remains strong
PancakeSwap CAKE/USD is a cryptocurrency to watch as prices start to shrug over the latest losses. The cryptocurrency’s losses in the last one week stood at just 2.45% as of Wednesday. The small losses were after the last three days’ recoveries. The token trades at $3.92 after touching a low of $3.6 on August 20. The token is stalling but still pointing higher.
PancakeSwap has been making strides in the DeFi sector despite ranking below its peers. The decentralized exchange is backed by Binance, the largest crypto exchange. Binance Labs has also invested in PancakeSwap, a further indication of the trust it has earned. Its native token has, however, been subdued, and its price has largely been driven by market momentum.
CAKE approaches resistance as price overcomes recent drop
Source – TradingView
On the daily chart, CAKE is bullish below the $4.12 resistance. The token is keeping an uptrend which started in mid-June. The momentum indicator shows that the token’s latest bearish momentum is weakening.
CAKE will imminently hit the resistance as bull strength remains in place. A potential breakout will occur if the sentiment improves and CAKE continues to attract buyers. Still, at the low valuation, CAKE is attractive to long-term buyers.
If CAKE breaks above $4.12, the next level to watch is $4.8. We also need to monitor the prevailing crypto sentiment since CAKE has been following the market.
Summary
CAKE is recovering from the recent slump. The token eyes $4.12 resistance as the next level. A breakout of the resistance will depend on the crypto sentiment.
The post PancakeSwap prediction as price overcomes slump and posts gains appeared first on CoinJournal.
Terra Classic hits fresh bull-run but faces hurdle at key resistance
-
Terra Classic is up 4.97% in the past day
-
Sentiment about the project revival is driving positive gains
-
RSI is slightly above the neutral point
Terra Classic (LUNC/USD) has jumped 4.97% in the past day, tightening weekly losses to 10.17%. The live price is $0.0001025, and the current market capitalization stands at $672 million. LUNC, the native token of Terra Classic, crashed in May.
Terra Classic, formally known as Terra, occupied an important space in the blockchain space. Its high performance was based on strong price stability and usability. The crash intercepted the progress of the then seemingly promising crypto project.
The collapse happened after UST, a native stablecoin to Terra Classic, lost its peg to the US dollar. Community efforts to revive the project led to a new token, LUNA. The token also referred to as Terra 2.0, is currently trading at $1.75. Its value is much higher compared to that of the rebranded LUNC.
Nonetheless, LUNC is under bullish momentum. Aside from the price swings, attempts by the Terra community to restore the network seem to be bearing fruits. The blockchain has since convinced some dApps to develop on the blockchain.
Terra Classic approaches $0.00011109 amid bullishness
Source: TradingView
According to the daily chart above, LUNC is on an uptrend. The token has established $0.00008708 as the reference support and $0.0.00011109 as the immediate resistance. LUNC is currently trading above the 20-day and 50-day moving averages.
Moreover, the indicators show that LUNC could continue with the trend. The RSI is at the 58 level. Much as the indicator is close to neutral, there are more buyers than sellers. However, LUNC could face resistance at $0.0.00011109.
Concluding thoughts
Despite Terra Classic bringing bitter memories of losses to investors, speculators are cashing in again. The token is approaching a key resistance level. Investors should remain patient until it clears above or close below.
The post Terra Classic hits fresh bull-run but faces hurdle at key resistance appeared first on CoinJournal.
Solana maintains stability, but price recovery remains subdued by the outlook
-
Solana blockchain has been touted as an Ethereum killer, but frequent hacks are a concern
-
The native token SOL has been stable at $35.5
-
Price recovery will be determined by the overall crypto sentiment
Solana SOL/USD was trading back to the $26 bottom that was hit in mid-June. The token trades at $35.5, but the price seems to have stabilized in a market correction. SOL has been at the same price level for the last 5 days. The token’s monthly high is at $47.
Solana was one of the most highly watched blockchains in 2021. Owing to its low transaction fees and faster transactions, the blockchain was touted as a true Ethereum killer. Investors looking for a cheaper alternative to Ethereum always moved to Solana.
While SOL remains stable at $35.5, several fundamentals could continue to keep it in check. One is the general crypto sentiment. The cryptocurrencies remain mixed, and short-term appreciations are followed by a correction. That is evident for SOL as the price has been on a correction after tapping $47.
Another major concern for SOL is its own ecosystem. The blockchain has been hit by frequent hacks, which has kept SOL subdued. Investors are growing concerned that SOL may not be a true competitor of Ethereum. Ethereum is shifting to the Proof-of-Stake consensus mechanism that will offer more competition.
SOL remains strong at the $35.5 level for a potential bullish surge
Source – TradingvIEW
A bear market was welcomed when SOL broke below the ascending triangle on August 17. However, the bear weakness has been contained at $35.5. The momentum indicator is in the bear zone as indecision grows at the $35.5 level.
Concluding thoughts
Although SOL is bearish, $35.5 could be the turning point as stability grows. A bullish reversal will see SOL revert to the $42 resistance.
The post Solana maintains stability, but price recovery remains subdued by the outlook appeared first on CoinJournal.