Autor: dot-traders

Monero (XMR) has seen increased bull activity this week as investors look to add it into their portfolio. Known for its secure and private transactions, the coin has also seen major gains in the last 7 days, surging nearly 15%. We have also seen a surge in trading volume, suggesting more action by buyers. So, is Monero (XMR) a good bet for 2022? Here are some highlights first:

• Monero (XMR) has surged 15% this week, buoyed by increased bullish activity.

• At the time of writing, the coin was trading at $208.99, down 3% in intraday trading but still up for the week.

• The coin is expected to maintain this uptrend, with conservative estimates putting it at $260 by end of 2022.

Data Source: Tradingview.com 

Monero (XMR) – price actions and prediction

As noted above, it’s been a decent week for XMR. The coin has followed the broader crypto market in reporting gains, surging 15% in seven days. But most analysts agree that there is enough gas in the tank to take XMR to even bigger heights in 2022. In fact, while conservative estimates are putting the coin at $260, most bullish analysts see Monero crossing well over $300 next year.

Besides, as the risk of regulations in crypto continues to grow in 2022, investors are more likely to flood towards private and secure currencies, including XMR. We are also expecting improved sentiment in the overall crypto market to push XMR even further into gains.

Should you buy Monero (XMR) in 2022?

Monero (XMR) has very good long-term potential. The coin has very positive outlooks for 2022, and the underlying fundamentals are quite decent as well. For long-term investing, the coin gives investors a good chance to unlock value. Also, XMR is expected to maintain its recent uptrend in the near term, also making a good bet for short-term gains.

The post Monero (XMR) sees increased bull activity this week – is it a good buy for 2022? appeared first on Coin Journal.

When the Kava (KAVA) DeFi protocol launched in 2019, it was dubbed one of the most promising projects in decentralised finance. At the time, a single KAVA, the native token for the protocol, was trading at $0.95 or thereabout. Ever since the token has had highs and lows with price swings all over. However, in September this year, KAVA saw all-time highs of $14.38. So, can the token regain this lofty crown again in the near term? First, some highlights.

• Despite surging to $14.38 in September, a massive correction ensued, sending KAVA on a downward spiral.

• At the time of writing, the coin was trading at $4.03, nearly 72% from its September highs.

• However, KAVA has still delivered an ROI of 668% since it was launched in 2019.

Data Source: Tradingview.com 

Kava (KAVA) – price action and analysis

The last two months have been brutal in crypto. Most coins, including DeFi tokens, went through a market-wide correction. It was therefore likely that KAVA would see increased bear pressure on its price. But it’s really fallen massively from its all-time high this year. 

It’s also highly unlikely we are going to see the token surge back to those levels in the near term. However, the coin has consolidated around $4, and as such, a short-term bullish burst could be on the cards. Besides, demand for DeFi tokens is set to grow in 2022, something that could benefit KAVA.

Should you buy Kava (KAVA)

In case you are looking for decent investments in DeFi, then KAVA is a very good bet. Yes, the token has seen some major headwinds in recent months. But as the broader crypto market recovers, DeFi tokens will be top in the growth list. As such, KAVA and other major DeFi tokens are likely to see immense long-term value.

The post Can Kava (KAVA) retrace its September all-time high? Price analysis and prediction appeared first on Coin Journal.

Audius (AUDIO) has finally managed to break its downtrend, rallying 20% as sentiment on the broader crypto market improves. The surge has however lost some of its momentum but it is still holding steady. At the time of writing, the token was trading at $1.9, up nearly 5% in intraday trading. Here are some of the highlights:

• Although the token has surged, it is still trading at nearly 70% down from its 2021 all-time high

• The token was also down nearly 30% in December, and the recent surge only serves to repair some of these losses

• Despite these headwinds, Audius (AUDIO) is still 1000% up year to date

Data Source: Tradingview.com 

Audius (AUDIO) – price action and analysis

The recent crypto correction we saw during much of December had a huge toll on Audius (AUDIO). The token saw slumps of nearly 30% this month, but it has managed to repair some of those losses. AUDIO has also pushed beyond its 50-day moving average of around $1.68, suggesting an uptrend is starting to gather steam. 

The next challenge would be to roar above the 100 and 200 daily moving averages of $2.047 and $2.125 respectively. So far, the token is testing the 100 DMA but is yet to make any decisive break. This could suggest that the bullish breakout that saw the token gain 20% is losing momentum.

Should you buy Audius (AUDIO)

From just fundamental analysis alone, there is no doubt Audius (AUDIO) is a decent investment for long-term value. But the price action in recent months has been quite volatile. 

Even with this recent surge, we don’t see Audius (AUDIO) breaking beyond its 100 and 200 DMAs. So, even though in the long term there is a lot of value to unlock, in the short term it’s very risky at the moment.

The post Audius (AUDIO) breaks bearish trend to rally 20% in a few days – should you buy appeared first on Coin Journal.