Langfristige Besitzer haben es derzeit etwas schwer, da keine Makrospitze oder Boden in Sicht sind, wie ein Indikator von Glassnode signalisiert.
Ethereum v Solana – Which one is a better investment?
Ethereum prospects look much better in 2022
Solana (SOL) and Ethereum (ETH) both performed well in 2021. Solana closed the year with gains of 10,000%, while Ethereum was close to 1000% by the end of the year.
While both are in a correction at the moment, the chances are that they will turn around at some point in the year.
Why Ethereum wins
Comparatively, there is a good chance that Ethereum could outperform Solana in gains this year. Several factors support such a possibility. For starters, Solana’s image has taken a massive hit over the last 6 to 7 months.
That’s because of its frequent network outages that have put to question its network decentralisation. Unlike in 2021 when there was a lot of optimism around it, Solana may struggle to sustain its 2021 momentum in 2022.
On its part, Ethereum has a lot going for it this year. One of them is that with the issues Solana is facing, Ethereum has got an image boost. This could see it draw in more Dapps all through the year.
At the same time, Ethereum is close to the completion of its transition to Ethereum 2.0. The journey to shift from Proof-of-Work to Proof-of-Stake started in 2020. And a lot has been done towards it, and many of them are quite revolutionary.
For instance, the London fork that took place on August 5, 2020, made Ethereum deflationary. This is a big deal because it means, as Ethereum grows in adoption, more Ether is burned. If the history of other deflationary cryptos like BNB is anything to go by, this is a factor that could see Ethereum perform very well once the market turns bullish again.
At the same time, Ethereum 2.0 is getting rid of most of the problems that Ethereum has been battling for years, the key among them being scalability. This could unlock adoption, and the same will reflect in the price of ETH.
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Top 5 NFT collections to buy in 2022
Blockchains used to be known for cryptocurrencies only and maybe dApps. However, this was changed around 2017 with the possibility of creating digital assets. These assets were named non-fungible tokens. Unlike the tokens of that time, they are not equal in value.
A unit in a collection may be costlier than another unit in that collection. In essence, you can’t interchange one for another; they were one of a kind. The creation of NFTs was made possible by the ERC-721 standard of the Ethereum blockchain. Moreover, these have led to other blockchains, like Solana, Algorand, Cardano, and others, joining the bandwagon.
NFTs had no value initially, however with the massive attention from the media, they became valuable. While some still see it as a bubble, some individuals have positioned themselves as creators, collectors, and flippers. NFTs vary from digital artworks to domain names, in-game items, essays, and digital collectibles, among others. Digital artworks are the most explored right now.
NFTs are bought on specialised marketplaces with ETH, SOL, or relative tokens, unlike cryptocurrencies. These include OpenSea, SuperRare, Rarible, Larva Labs, NBA Top Shot Marketplace, Axie Marketplace, and many more. While saving them on software wallets is not bad, it is safer to use hardware wallets.
Now that you’ve gone through the basics consider these top 5 NFTs. They are the ones you should invest in before this year fully takes off.
1. Bored Ape Yacht Club (BAYC)
This NFT collection comprises 10,000 units of Bored Apes. They were created by Yuga Labs on the Ethereum blockchain and were hosted on IPFS. In April 2021, when it was launched, a Bored Ape cost 0.08 ether. While this may still be true according to BAYC’s official website, it has a floor price of 86 ethers right now.
Each Bored Ape has unique characteristics endowed on it by a program of over 150 possible features from colour to expression, clothing, and headwear, among others. While they are all dope, some Bored Apes are rare to come across. Of the 10,000 Bored Apes, 6,000 have already been bought by people, and over 338,000 ethers have been traded as of today.
The club has a graffiti board called the bathroom. It is accessible to members only. There are plans to unlock more perks and areas as the project progresses.
Since its launch, it has gained massive attention. Celebrities like Post Malone, Eminem, Jimmy Fallon, and Stephen Curry own Bored Apes. BAYC partnered with Adidas on their first NFT project. Also, one of the Bored Apes was featured in Rolling Stone magazine sometime last year.
2. LANDs
These are pieces of land that exist in virtual worlds. Depending on the metaverse, the land can be used for various things. It can be traded, used for real estate purposes, or used to build offices, casinos, parks, or museums. There are two metaverses right now where you can own landed properties.
One is The Sandbox. The LANDs on The Sandbox is a digital piece of real estate that can create experiences or is populated with ASSETs. Over 166,000 pieces of LAND exist on the Ethereum blockchain. A conglomerate of LANDs forms an ESTATE, and an ESTATE owned by different people form a DISTRICT.
The Sandbox virtual map can be used to check the land use and distribution. It has a floor price of 3.3 ethers with other 18,800 owners right now. A total volume of 139,800 ethers has been traded for LANDs.
The Sandbox in itself is a play-to-earn metaverse that was launched in 2020. SoftBank, Atari, CryptoKitties, Snoop Dogg, and The Walking Dead have stakes in The Sandbox.
The other is Decentraland. It was created by Esteban Ordano and Ari Meilich and was launched in 2017. At launch, its LANDs were sold for about $20. It has over 97,000 parcels of land and is worth thousands right now. It was one of the metaverses built on the Ethereum blockchain.
It has a floor price of 4.159 ethers, and about 6,500 parcels of land have owners now. It has been involved in trades of over 235,000 ethers.
3. Doodles
Doodles is a project created on the Ethereum blockchain and driven by its community. The collection features the works of Burnt Toast and is made up of 10,000 doodles. It comes in various colours, sizes, faces, backgrounds, and more. It was founded by Evan Keast, Jordan Castro, and Scott Martin in October 2021.
It was sold for 0.123 ether at launch but has a floor price of 9.5 ethers right now. It peaked at 11 ethers earlier in January. 65,600 ethers have been traded in exchange for a doodle. Over 5,900 now have owners.
Owners of Doodles can vote to make decisions on the Doodle Community Treasury. They also have access to exclusive meetings. Holders determine the roadmap of the project.
4. Azuki
Azuki was created by Arnold Tsand and Churi Labs i. August 2021 on the Ethereum blockchain. It aims to give holders access to a metaverse that will be built and owned by them. The collection consists of 10,000 avatars. Holders gain access to The Garden, where artists, innovators, and web 3.0 enthusiasts can contribute to creating the decentralised future.
The NFT drop is one of seven phases. Others include community development and input, metaverse creation (including Lookbook, Azuki 3D, digital drops, and a game), physical entities (like streetwear, IRL events, collectibles, and so on), experience bridge, and seedlings which include partnerships, DAO, and $BEAN token.
It has a floor price of 3.44 ethers and 5,300 holders right now. Over 39,000 ethers have been traded so far.
5. World of Women (WOW)
WOW is an NFT created using the ERC-721 standard and hosted on IPFS. It was launched in July 2021. It was created to promote representation, inclusivity, and equal opportunities for artists. It features 10,000 artworks of different women illustrated by Yam Karkai.
It initially sold at 0.07 ether. 5,000 has already been bought with a floor price of 7.37 ethers. Over 45,000 ethers have been exchanged for WOW as of today. Reese Witherspoon, Huda Kattan, Liam Payne, Shina Rhimes, Logan Paul, and Eva Longoria are some of the notable owners of WOW.
Ending Note
Unlike cryptocurrencies, NFTs have no liquidity or volatility. They get their value from speculation and sentiment, making them riskier than fungible tokens. As such, the best advice is that you know where you stand; are you collecting or buying to flip. As a collector, all you need is sentiment. However, as a flipper, you need in-depth research and analysis. Deal wisely; the crypto space is unpredictable.
The post Top 5 NFT collections to buy in 2022 appeared first on Coin Journal.
Bitcoin fällt um 8 Prozent: Trader warten auf Rückeroberung von 37.500 US-Dollar
Bitcoin „schreit nicht gerade nach einem Grund für Optimismus“ unter 37.500 US-Dollar, wie ein Analyst sagt. Die jüngsten Kommentare der US-Zentralbank haben nur wenig geändert.
Should you buy XRP amidst the ongoing lawsuit with the SEC?
Key point
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Ripple labs battle with SEC lawsuit.
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The company just buyback $200 million worth of Series C shares.
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The company remain optimistic about what 2022 will bring to the table.
It’s no longer a doubt that Ripple labs Inc has long been combatting with a yet to be resolved financial matters with the US Securities and Exchange Commission (SEC).
According to a report from giant crypto research networks, in late December 2020, Ripple was brought to charge with the US Securities and Exchange Commission (SEC). Following the alleged financial case that Ripple raised more than $1.3billion in unregistered earnings as a result of selling XRP securities to institutional investors.
The charge was brought to the limelight when the Securities and Exchange Commission (SEC) declared that the Ripple token should be labelled as a financial security asset and not as a payment system.
Fast forward to the imbalance that was felt in the Ripple market value, several financial institutions back out from accepting the XRP token on their trading platforms. The likes of giant tech companies such as Coinbase and Bitstamp are among the list of US-based industries that delisted the XRP digital currency from their trading assets.
However, with an optimistic look at 2022, it seems the Ripple coin will present a positive effect on its market value. As the recent announcement by the CEO Brad Garlinghouse stated on Wednesday, the San Francisco-based company had just buyback $200 million worth of series C shares, despite the headwinds inflicted by the SEC lawsuit.
Technical levels to watch before buying Ripple
Source – TradingView
XRP Price trade above $0.55 support after plummeting below the $0.805 resistance. The market was found extending sideways price action along with the horizontal Support, while $0.805 and $0.55 represent market near-term resistance and immediate support.
However, if the value of XRP should expand bullish price action above the $0.805 resistance, the overall market sentiment for the asset will resume bullish price movement to the North.
In addition, with the indicator analysis, it seems the Average True Range (ATR) value tends to approach multi-year low while Relative Strength Index (RSI) stays neutral.
In essence, both the volatility ratio alongside the profit and loss ratio express that the current situation of XRP resides in a neutral bias. Hence a surge in volatility could hasten the price action of the asset to gain bullish momentum from the buyers.
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