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Stablecoin shopping: 3 coins to consider for long-term holding

As the crypto market continues to report increased volatility, stablecoins could provide a good way to maintain your crypto wealth. These coins have become quite popular too and are expected to grow further. Here is why:

  • Stablecoins are designed to guard against volatility in the market.

  • It is likely that these coins will become more integrated into global payment systems.

  • There is a growing list of suitable coins to buy in this category.

Well, if you are not sure which stablecoins will be perfect for your investment portfolio, here is the full list.

Terra (LUNA)

So, Terra (LUNA) is not a stablecoin per se. But it is the biggest stablecoin platform in the world. For folks who want some exposure to stablecoins, it will be wiser to buy LUNA.

Data Source: Tradingview 

This is a growth asset, and while it has faced major challenges in recent weeks, the long-term potential is still huge. At the time of writing this post, the coin was trading at $75.

Tether (USDT)

Tether (USDT) is the biggest stablecoin in the market and will remain so for years to come. It is also one of the largest crypto assets with a market cap of around $80 billion. In most cases, stablecoins will normally trade close or nearly the same as the US dollar. If you are worried a lot about volatility, then this will be one coin worth having.

Binance Coin (BNB)

Binance Coin (BNB) is the main coin for the Binance exchange. It is one of the more stable coins out there and also one of the biggest in the crypto industry. As of now, the coin is trading at around $373 and has a market cap of $62 billion. BNB offers real growth value, and for investors who want something they can actually hold for long, this would be it.

The post Stablecoin shopping: 3 coins to consider for long-term holding appeared first on Coin Journal.

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Bitcoin (BTC) regains crucial support despite intensified military confrontations in Ukraine

After falling sharply in today’s session, Bitcoin (BTC) has for now regained a crucial support zone. This comes as the military confrontation in Eastern Europe continues to intensify. It’s unclear how long BTC can stay above this point. Here are some highlights.

  • Bitcoin had earlier fallen below the crucial support of $35000.

  • The mega-cap coin however stopped the bleeding and was trading at $38,732 at press time.

  • There is still a lot of weakness expected in the coming days.

Data Source: Tradingview 

Bitcoin (BTC) – Where do we go from here

A lot of markets were down in the early trading hours of the European session. With the exception of gold and oil, which saw massive gains, crypto and equities were all tradings lower. But for Bitcoin (BTC), the drop today was a continuation of a bearish trend that has taken hold over the last two weeks.

But after initially falling below $35,000, BTC has managed to recover above that crucial support. The key now for bulls is to hold this threshold at least until the end of the week. 

However, as Russia ramps up its military operations in Ukraine and the Western allies impose a raft of economic sanctions on Moscow, this seems highly unlikely. We expect BTC to bottom at around $32,000 in the coming days.

Is it the right time to buy Bitcoin?

This is probably the worst time to buy crypto. The market is shaky, and volatility has become very high. It is likely that the war in eastern Europe will continue in the coming days and weeks. 

Until there is a peaceful resolution to the conflict, we expect more volatility and weakness on Bitcoin. However, if in the coming days the large-cap falls below $30,000, which is likely, then it would be a good time to get in.

The post Bitcoin (BTC) regains crucial support despite intensified military confrontations in Ukraine appeared first on Coin Journal.