Dezember 2022 - Seite 67 von 80 - Finanzmittel Info + Krypto + Geld + Gold

6. Dezember 2022

Is there hope for Theta token as the year comes to an end?

Theta token has lost 94% of its value from its ATH
The cryptocurrency was rejected at the $1 resistance and is correcting
THETA could end the year below $1 if a breakout does not occur at the crucial resistance

All cryptocurrencies are in tatters, at least for now. However, some tokens have been the worst hit as the crypto winter ravages. Theta Network token (THETA/USD) can be considered extremely bearish this year. A loss of more than 94% from its all-time high tells of a token that was once booming. THETA now trades below $1. But is there a chance to recover before this year ends?

One can only accurately predict THETA’s price action by looking at the general crypto sentiment. As of press time, cryptocurrencies remained mixed. Leading tokens Bitcoin and Ethereum had lost an intraday of 1.44% and 2.50%, respectively. Both cryptocurrencies have made some gains over the past one week. Conversely, THETA was down by an intraday of 1.06%. However, the bear market is still strong owing to the token’s depressed prices. Looking at the longer-term outlook, THETA is still bearish.

THETA back to $1? That could be the realistic bet we can make now for the token. The cryptocurrency tested the level in late November, and buyers may not be done with it yet. A recovery above $1 could ignite a bullish interest for THETA. It is still too early to conclude since the upside looks weak for the token.

THETA outlook as price remains subdued by the $1 resistance

THETA/USD Chart by TradingView

The technical outlook is bearish for THETA. The price tested the $1 resistance and is pushing lower. If buyers overcome a drop below $0.8, THETA could end the year at $1. The RSI is, however, below the midpoint, indicating that sellers remain in charge.

Should we consider a bullish bias?

Not yet! The token is extremely bearish. If considering buying THETA in the short term, at least do so after the price recovers above $1. Lasting recoveries will depend on the crypto sentiment.

Where to buy THETA

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy THETA with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy THETA with OKX today

The post Is there hope for Theta token as the year comes to an end? appeared first on CoinJournal.

6. Dezember 2022

Algorand price fails to take off amid World Cup exploits. What next?

Algorand is bearish despite World Cup sponsorship
The token has crashed due to a bear market
ALGO may face further weakness unless bulls recover above $0.28

Algorand (ALGO/USD) was a cryptocurrency expected to shine as the FIFA World Cup kicked off last month. As the official blockchain sponsor of this year’s sporting event, the native token was expected to perform. Already, FIFA created its own NFT platform in September on the Algorand platform. That made it possible for football fans to buy World Cup-themed NFTs powered by Algorand. But as the event enters the best 8, ALGO price remains bearish. Why is this so?

The price action of ALGO is not something new in the crypto world. Tokens of blockchains such as Cardano and Ethereum have failed to take off after major platform upgrades. Consequently, cryptocurrencies tend to make a move after the initial announcement, underlining speculation as the cause of price spikes. ALGO became bullish in May when the sponsorship news came up and has since succumbed to the bear market.

It is certain that Algorand’s partnership with FIFA builds use cases for the platform. For ALGO, investors may have to wait longer for the price of the native token to become bullish. That can’t happen in a bearish market that has swept across all markets. But when can ALGO become bullish?

ALGO analysis and price outlook as the bear market continues

ALGO/USD Chart by TradingView

From the technical outlook, ALGO is bearish. Although the cryptocurrency has found stability at $0.23, it remains extremely bearish. The RSI remains below the midpoint but above the oversold zone. There is room for the cryptocurrency to fall lower.

When will ALGO recover?

A sustainable bullish momentum is possible if the general crypto sentiment improves. Cryptocurrencies are reeling from the bear market, and ALGO is no exception.

In the meantime, ALGO bulls must recapture $0.28 to consider short-term price appreciation possible. That is the crucial level that supported the token before the FTX-inspired crash last month.

Where to buy ALGO

eToro

Buy ALGO with eToro today

OKX

Buy ALGO with OKX today

The post Algorand price fails to take off amid World Cup exploits. What next? appeared first on CoinJournal.

6. Dezember 2022

Best 3 ERC20 tokens to buy in 2023

Ever heard of ERC20 tokens? These are virtual assets with a residency on the Ethereum blockchain. In other words, they run on Ethereum. ERC20 simply denotes the standard used to create and issue smart contracts on the Ethereum blockchain. Users can create the ERC20 tokens via smart contracts on the network. Currently, there are over 450,000 ERC20 contract tokens.

With numerous tokens made under the ERC20 standard, it is possible to get confused about which coins to buy when the market turns up. We believe these three tokens make a cut as the best among which you should consider:

Chainlink (LINK)

Chainlink (LINK/USD) is one of the best ERC20 tokens around. Analysts have lauded the platform’s decentralised network of nodes as its main differentiator. The nodes provide off-blockchain data and information to on-chain smart contracts through oracles.

Chainlink has attracted attention lately on its expected staking feature. The chainlink team will release the beta version of Chainlink Staking on December 6, 2020, at 12 PM ET. The beta will go live on the Ethereum mainnet.

LINK price has held between $6 and $8 for a while, meaning we could potentially be staring at a market bottom. Meanwhile, whales holding the native token are increasing ahead of the staking service.

Where to buy LINK

eToro

Buy LINK with eToro today

OKX

Buy LINK with OKX today

The Sandbox (SAND)

Yes, the token of the metaverse platform, The Sandbox, is a top ERC20 token choice. It is underperforming this year and can easily be ignored for now. As one of the largest metaverse platforms, the token will return big when cryptocurrencies recover. According to Citi analysts, the metaverse could be a $13 trillion opportunity by 2030.

With the low valuation of SAND ($0.6) currently, you should consider buying the dip once the bullish market returns.

Where to buy SAND

eToro

Buy SAND with eToro today

OKX

Buy SAND with OKX today

Shiba Inu (SHIB)

How can we miss the much-loved meme cryptocurrency? Shiba Inu (SHIB/USD) has been viewed as a cryptocurrency carrying little utility. However, lined-up developments, including the metaverse, are touted as game changers. But, the cryptocurrency already has a large following and is accepted as a means of payment by top organisations.

With SHIB known to make parabolic movements at the slightest provocation, it definitely makes a cut as one of the best ERC20 tokens. You can buy and hold or monitor key developments to take advantage of large moves that happen unannounced.