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Polker (PKR) up 5% after announcing early access for its Play-to-Earn NFT inspired game

Polker (PKR) has seen a 5% bump in intraday trading after it announced early access for its upcoming play-to-earn game. The NFT inspired game is expected to position Polker as a disruptive force in GameFi over the coming months. Here is what we know so far:

  • At press time, PKR was trading at around $0.03923, up about 5%.

  • The early access to the game will be limited as of now, open to only 500 people.

  • Polker however hopes the full game will be online in Q1, 2022

Data Source: Tradingview 

Polker (PKR) – Where does it go next

Interest in GameFi or blockchain gaming is growing. After projects like Axie Infinity broke records in growth last year, more investors are looking at innovative new projects around this area. Polker (PKR) has been doing quite well in this regard. 

The project is currently developing a highly anticipated play-to-earn game that will be infused with NFTs trading and staking as well. While the game is not yet launched, this would be a good time to get in on PKR. Early indications suggest that the P2E game will go live later this month. 

Besides, Polker has also secured high-value collaborations with Polygon and is getting financing from crypto heavyweights like Master Ventures, Chainlink, and others. So far, four beta tests have already been completed for the P2E.

When to buy Polker (PKR)

GameFi is of course very competitive, and there are many projects under development. But the speed at which Polker has been moving to develop and launch its P2E is impressive. 

The fact that the project has the backing of notable names in the crypto market is a big plus. It would be best to buy before the official game launches. Although officially this is expected to happen this month, we have seen delays before.

The post Polker (PKR) up 5% after announcing early access for its Play-to-Earn NFT inspired game appeared first on Coin Journal.

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Bitcoin Cash (BCH) rises above $300 after the recent downturn – Is $375 plausible right now?

After a torrid start to March, Bitcoin Cash (BCH) has started to rebound. The coin in fact surged above the crucial psychological mark of $300. But how far can these gains last? Will BCH touch on $375 in the near term? Here are some highlights.

  • The general trend for BCH has largely been downward over the last few months.

  • The coin remains slightly above its 20 Day Exponential moving average.

  • At press time, BCH was trading at $302, up about 7% in 24 hours.

Data Source: Tradingview 

Bitcoin Cash (BCH) – is $375 likely?

There is a lot of uncertainty in the market right now, given the fallout from the Russian invasion of Ukraine. It’s safe to assume that not everything is priced into the market since we don’t really know what will happen next. What we can expect though is increased volatility around crypto and BCH is not any different.

However, we do not see enough upside for BCH to reach the heights of $375, at least not now. In fact, it is likely that the coin will surge towards its supply zone of between $319 and $326 before falling again.

BCH has already lost nearly 64% of its value in less than 3 months. It even hit a 15-month low of $275 in January this year. This downtrend has not broken, and despite the recent surge, we expect more weakness for BCH in the coming days.

Why buy Bitcoin Cash (BCH)

As one of the leading peer-to-peer electronic payment coins, there is a lot of utility for BCH. When crypto becomes highly integrated into global payment systems, BCH is likely to lead the way in this. 

From a fundamental point of view, it is one of the best coins to invest in simply because of the underlying value that it offers. The fact that right now it’s selling cheap should give you more incentive.

The post Bitcoin Cash (BCH) rises above $300 after the recent downturn – Is $375 plausible right now? appeared first on Coin Journal.

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Terra (LUNA) surges by 20% today as it overtakes Ethereum to become the most staked crypto

Terra (LUNA) is now the most staked cryptocurrency in the market. The coin has overtaken Ethereum and is expected to continue holding this title in the foreseeable future. As expected, the reaction from investors was immediate. Here are the highlights:

  • At press time, Terra (LUNA) had jumped 20% in intraday trading in response to the news.

  • Staked assets on Terra are now worth $29.5 billion with over 226,000 stakers as well.

  • The coin has smashed a key resistance of $90 support and could turn bullish in the coming days.

Data Source: Tradingview 

Terra (LUNA) – How the bull run could play out?

The market in general has rebounded the last few days with most coins posting gains. But Terra (LUNA) is really on full steam. The coin has surged by over 20% in the last 24 hours, trading at around $98. 

More importantly, Luna has now broken above a key overhead resistance of $90. This could suggest that a bull run is possible in the near term. Much of these recent gains were triggered by news that indeed Terra (LUNA) is now the most staked asset in crypto. This title was held by Ethereum. 

The key right now is to watch how long the coin can stay above $97. If this happens, LUNA could easily surge to new all-time highs of $112 and even above $120 in the weeks ahead.

Is Terra (LUNA) a good buy?

Well, every investor would love to own the most staked coin in the market. LUNA has become one of the most important assets in crypto, and it’s definitely highly recommended. 

For the long-term investor, just buy it now and hold for a year or so. But for short-term speculators, an upward rally is very likely for LUNA. A good entry will be below $100 but exit at $112 or thereabout.

The post Terra (LUNA) surges by 20% today as it overtakes Ethereum to become the most staked crypto appeared first on Coin Journal.

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Solana (SOL) is facing a major sell-off that could see a 40% wipeout

After hitting all-time highs in November last year, Solana (SOL) has really been under massive pressure. The coin is now approaching its last support. If that level is breached, then we could be looking at a massive sell-off. Here are some highlights:

  • The $80 support level remains the most important for Solana (SOL) right now,

  • If the altcoin falls below this, we could see a fall towards $50 before the next leg up.

  • At press time, Solana (SOL) was trading at $88, up around 4% for the day.

Data Source: Tradingview 

Solana (SOL) – The selloff risk

The recent rally in the crypto market has seen Solana (SOL) put some distance between the crucial support zone of $80. But there is still a huge sell of risk right now. How long the altcoin is able to keep the price action above $80 remains to be seen. 

However, if bears can put enough pressure to drop SOL below $80, then it is likely that the coin will plummet towards $50 in the near term. This will represent a nearly 40% wipeout. But what can bulls do? 

Well, the key is to get SOL above $102. This will put the altcoin above several key resistance zones before the $80 mark. While this may happen, it seems highly unlikely given the massive volatility we have seen in the market.

Should you stay clear of Solana (SOL)?

Well, as long as the sell-off risks remain, there is no need to get into SOL just yet. For long-term investors, it would be advisable to watch how the price action plays out. 

If we fall below $80, then give it a few days or weeks, and SOL will be selling at a massive discount. But if bulls can get it above $100, buy it then.

The post Solana (SOL) is facing a major sell-off that could see a 40% wipeout appeared first on Coin Journal.

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Why Monero is outpacing most big cap cryptos in gain

  • Monero rallied by over 20% in the last 24-hours. 

  • Speculation is rife that upcoming regulations in the U.S or Russian sanctions are behind the pump. 

  • If bulls sustain momentum, Monero could break $250 in the short term. 

Monero (XMR) is one of the world’s best cryptocurrencies when it comes to privacy. Monero uses a ring signature approach to sign transactions, which means multiple signers are brought together to authorize a transaction randomly.

For this reason, no one can trace transaction addresses, balances, or transaction histories. For this reason, Monero coins are fungible, which means that all coins are interchangeable, and none can be blocked.

In the past 24-hours, Monero has rallied by over 20%, making it one of the best performers of the day.

Why is Monero rallying?

There is growing consensus among investors that the U.S is about to introduce a raft of regulations that could affect the use of cryptocurrencies. This has seen users turn to privacy coins since transactions cannot be traced. 

There is also speculation that Russians could turn to privacy coins due to the sanctions on the Russian financial system. Monero is perfect for this role because it is private by default, which means Monero coins cannot be sanctioned.  

Monero eases up after 20% rally 

In the last 12-hours, Monero’s upside momentum has eased up. However, Monero bears have been unable to erase the gains that were made in the first hour of the day. This indicates that the price drop is due to profit-taking, and the overall momentum remains bullish.

If bulls regain control and push Monero through the 24-hour high of $207.8, prices above $215 could be tested in the short term. 

On the other hand, if bears gain momentum and push Monero through the day’s support at $169.65, prices below $150 could be tested in the short term. 

Summary 

Monero rallies as a combination of upcoming U.S crypto regulations and Russian sanctions favor privacy coins. While Monero’s price has eased up due to profit-taking, the overall momentum remains bullish.

The post Why Monero is outpacing most big cap cryptos in gain appeared first on Coin Journal.