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The best altcoins to kickstart your March Investment Journey

The crypto market has been up and down lately. The volatile market is just so hard to predict but despite this, there are still some altcoins that remain very bullish from a long-term point of view. Here is why this is the best time to buy:

  • Most cryptos are trading way lower form all-time highs

  • The geopolitical and economic pressures are likely to ease in the near term.

  • Crypto still delivers more value than any other asset class out there.

Well, if you are thinking of starting March with some altcoins in your portfolio, here are three options to consider.

VeChain (VET)

VeChain (VET) has seen some incredible downturn this year. The coin is in fact down nearly 15% over the last week alone. But this bearish trend will not last. This is an altcoin that still has so much to offer, and the underlying fundamentals are quite incredible.

Data Source: Tradingview

For folks who are looking for assets to buy and hold for a year or thereabout, VeChain is really a good long-term bet. You just need to be ready for the short-term volatility.

Stacks (STX)

Stacks (STX) is actually one of the few crypto assets that have been surging recently. The coin is up nearly 35% in the last week and managed even to swing by 60% in 24-hour intraday trading. The layer 1 blockchain has a market cap of around $2.3 billion, and there is so much room for more growth. Like VeChain, it’s also a nice long-term bet.

Huobi Token (HT)

The Huobi Token (HT) is linked to the Huobi exchange, one of the largest crypto exchanges in the world. The altcoins have faced increased pressure due to the ongoing crypto crackdown in China. But it still remains a major player in this space and is likely to see more gains in the future.

The post The best altcoins to kickstart your March Investment Journey appeared first on Coin Journal.

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Hedera (HBAR) remains above crucial support zone despite recent drop – Can it reverse the downtrend?

Hedera HBAR Coin Logo

The general weakness seen in the crypto market over the last few days has seen many coins drop, and Hedera (HBAR) is not any different. But despite this, the coin still remains above a crucial support zone. How long can it actually stay there? Here are some highlights first:

  • The $0.19 support remains critical for HBAR in the coming days.

  • The coin is currently above that, trading at around $0.201.

  • If HBAR fails to hold this support, it could fall to $0.15.

Data Source: Tradingview 

Hedera (HBAR) – What to watch?

The volatility in the crypto market has made it very hard to predict price action based on technicals alone. But one thing we know about HBAR is that the $0.19 support has held quite strongly despite recent weakness. The key for bulls right now is to consolidate around this price. 

So far, HBAR is doing well and is trading at around $0.2. Once the price consolidates, the next leg up could take HBAR towards $0.34. But if bears keep pushing and HBAR sinks below $0,19, then we are likely to see more weakness. 

In fact, the coin is likely going to the bottom at $0.15. There is even a risk that persistent weakness could push the price towards its February lows of $0.09.

Who should buy Hedera (HBAR)?

Hedera (HBAR) is an enterprise-grade network that is hoping to power the decentralized economy. The project has attracted a lot of investment, and with a market cap of around $4 billion, it is one of the biggest crypto assets in the market right now.

So, if you are looking for cryptos that have serious utility and positive long-term outlooks, Hedera (HBAR) will be perfect. The project has diversified its service and continues to attract developers in large numbers. It has the potential of becoming as big as Ethereum.

The post Hedera (HBAR) remains above crucial support zone despite recent drop – Can it reverse the downtrend? appeared first on Coin Journal.

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ECOMI (OMI) is up 20% from two-week lows – Here is where the price might go next

ECOMI (OMI) appears to be rebounding sharply after hitting two-week lows at the start of last week. This comes even as the market continues to see increased volatility across the board. But how far can the price actually go? Here are some highlights:

  • ECOMI (OMI) has reported gains of nearly 20% since hitting two-week lows last Tuesday

  • The coin is also above its 25- and 50-day moving averages.

  • At press time, ECOMI (OMI) was trading at $0.004253, down around 5% for the day.

Data Source: Tradingview

ECOMI (OMI) – Price prediction and analysis

The sharp rebound that we have seen in the last two weeks appears to have pushed ECOMI (OMI) into bullish territory. For starters, the coin is now trading well above its 25- and 50-day simple moving averages. This could suggest that we may see a bullish breakout sustained in the days ahead. 

Also, the MACD is now above the neutral zone, which suggests that the price momentum is ascending. However, ECOMI (OMI) will need to overcome a very crucial overhead resistance of $0.48. While this is not impossible, the coin has been rejected at that zone several times. 

And when you consider the volatility in the market right now, the downside risks are simply huge. But the bullish alignment we have seen could edge ECOMI (OMI) further ahead in the long term.

Is ECOMI (OMI) a good asset?

Based in Singapore, ECOMI (OMI) focuses on digital collectibles. Think of it as the ultimate NFTs platform. The project also operates the VeVe NFT marketplace, where users can buy and sell collectibles. 

With NFTs now expected to grow even further in the years ahead, ECOMI (OMI) will grow with them. Therefore, there is a lot of potentials here for long-term investors to make great returns.

The post ECOMI (OMI) is up 20% from two-week lows – Here is where the price might go next appeared first on Coin Journal.

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Bitcoin falls below $40,000 as inflation in the US continues to pose major risks

The recent Bitcoin (BTC) rally has halted. After days on the up, the mega-cap coin has fallen below $40,000 once more. The drop has largely been attributed to growing inflation in the US and the threat of economic slowdown due to the crisis in Ukraine. Here are some highlights:

  • $40,000 is a key support, and BTC could see more weakness in the coming days.

  • US inflation is expected to hit 7.9%, higher than expected and the highest in 40 years.

  • At press time, BTC was trading at $39, 200, down about 7% in 24 hours.

Data Source: Tradingview 

Will Bitcoin (BTC) fall further?

The last few weeks have been quite volatile for Bitcoin (BTC). However, even amidst this high volatility, $40,000 has remained a crucial support zone. Every time the mega-cap has fallen below this mark, it has gone on to slide further. 

Most analysts are watching the $37,000 mark. If weakness continues and BTC drops below $37,000, then you can expect it to bottom at around $32,000 before the next rally. But if bulls can somehow push the price action back up to $40,000, we may see some sustained resilience on BTC.

But with high US inflation, threats of economic slowdown, and the crisis in Ukraine, it is highly unlikely there is enough sustainable upward momentum for BTC.

Is this the best time to buy BTC?

Even with recent challenges, overall, the long-term outlook on Bitcoin looks very promising. There are in fact estimates that are looking at $100,000 before the end of 2022. Buying at $39,000 or thereabout could be a great idea. 

Even if BTC does not hit six figures in terms of value, there is a chance it will hit a new all-time high this year. This would still represent gains of over 100% from the current price.

The post Bitcoin falls below $40,000 as inflation in the US continues to pose major risks appeared first on Coin Journal.

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Near Protocol (NEAR) could rally to $14 in the coming days

After going through a mini correction last week, The Near Protocol (NEAR) is emerging from the dumps. The coin has surged and could hit $14 in the coming days. But what are some of the risks? Analysis to follow here below but first, some important highlights:

  • NEAR has regained its crucial $9.5 support after the recent rally.

  • The coin could surge towards $14 if NEAR holds that support level.

  • The altcoin was selling for $10.59 at press time.

Data Source: Tradingview 

Near Protocol (NEAR) – Price analysis

After regaining the crucial support of $9.5, it seemed like NEAR was on the up and up. The coin has however slowed in the upward ascend and we have seen a small pullback. But despite this, NEAR still trades at $10.5, way higher than the $9.5 support zone. If indeed bulls can keep the coin above that, there is enough upward momentum left to shoot NEAR towards $14. 

The most important thing to watch as of now will be the overhead resistance of $11.7. NEAR has been rejected several times at this zone, but if the bulls can push above it before the end of the week, then a bullish breakout is very feasible. 

However, there is still a sell-off risk, owing to the volatility in the market. If bears break the $9.5 mark, then NEAR could fall even further towards $8 before it rises again.

Why are investors buying The Near Protocol?

With a market cap of $6.8 billion, NEAR is a big project with a lot of investors. The layer one blockchain is designed to offer a “community-based” cloud computing ecosystem with extra fast speeds, low gas fees, and usability. 

The project has supported the launch of several innovative DApps and looks poised to become one of the biggest blockchain projects in the coming years. It’s by far a great investment for the future.

The post Near Protocol (NEAR) could rally to $14 in the coming days appeared first on Coin Journal.