Kategorie: Altcoin News

At the start of May 24th, most coins in the market were trying to consolidate after a major crash a week prior. But Alchemy Pay (ACH) was in the process of breaking out in a massive bullish uptrend. The coin however has failed to keep up this momentum and appears to have lost most of its gains. Check out the facts below:

• ACH has lost nearly 80% of its value since the May 24th rally

• The coin continues to show weakness with a 24-hour decline of 15%

• However, the downtrend may slow down in the coming days

Data Source: TradingView

Alchemy Pay (ACH) – Price prediction and analysis

Alchemy Pay (ACH) has been on a long-term bearish trend. In fact, the coin has fallen sharply from its 2021 highs. However, when it rallied by nearly 80% in just a few days, there were some signs that we could see a trend reversal. These signs have now disappeared. 

Instead, ACH has returned to its bearish outlook and has wiped out nearly all the gains posted over the last two days. However, we believe the worst is now over. Although the coin appears to be heading for a brutal close today, it is likely the downtrend will slow at the beginning of trading tomorrow. 

But upside potential is still very sketchy. In the best-case scenario, ACH will likely hit $0.021, around 25% higher than its current price.

Why Alchemy Pay is going to be huge

Alchemy Pay is designed to offer hybrid payments across both crypto and fiat. Over the years, the platform has allowed over 2 million merchants around the world to accept crypto payments. This is a huge deal. 

As expected, the adoption of crypto as a real payment option in the real economy is inevitable. As such, platforms like ACH will likely benefit a lot from this surge.

The post Alchemy Pay’s recent 80% surge is now wiped out – What next appeared first on CoinJournal.

The Sandbox (SAND) was one of the main stand-out performers in 2021. The coin, and by extension most metaverse coins, saw insane gains. But since January, investors have been selling off SAND and as a result, the coin has literally crashed from its 2021 highs. But this also offers a long-term buying opportunity and here is why:

• Despite the price crash, The Sandbox metaverse continues to report decent growth.

• The crash also means that SAND is the cheapest it has been in months.

• We expect the coin to grow massively as metaverse adoption grows.

Data Source: TradingView 

The Sandbox – Price prediction

In the short term, there is very little to suggest that SAND will rally decisively. This has got nothing to do with the coin. Market conditions in crypto are quite uncertain and as you would expect, coins like SAND would struggle. The coin is now trading at slightly above $1. This is way lower than we expected at this time of the year.

SAND will likely surge towards its next resistance zone of $2.68 but it will be hard to cross that mark. Instead, expect more volatility in June as the market stabilizes. The $1 price is however the ultimate entry point for long-term SAND buyers. 

It’s hard to imagine the coin hitting this price ever again. And when you consider the potential that SAND has, this is perhaps the best opportunity to stock it up.

How soon will SAND recover?

Not very soon to be honest. The problem with crypto right now is that it’s correlating with equities. As stocks have fallen, crypto has also followed suit. It means that investors are worried about global economic concerns and geopolitical tensions. 

So, until we start to see some improvements in equity markets, SAND will likely remain suppressed. However, the coin has the potential to offer 5x this year alone.

The post The Sandbox (SAND) offers a long-term buying opportunity after a recent sell-off appeared first on CoinJournal.

Over the years, meme coins have become part and parcel of the crypto universe. While there have been many such coins released in recent times, only a handful have gone on to become huge. For this reason, it is always important to do extensive due diligence before you buy into a meme coin. Nonetheless, here is why these coins should be on your radar:

• Meme coins have the potential to grow very fast within a short time.

• Most meme coins are also adding more utility to their ecosystems.

• These coins can also be adapted to crypto payment systems with ease.

So, for those of you keen on investing in a few meme coins, we have three options here below that should be just perfect.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is no doubt the most popular meme coin in the world. In 2021, SHIB made a lot of people rich and continued to rank as one of the biggest coins in terms of market cap. With this big-name recognition, investing in SHIB offers relatively less risk. Data Source: TradingView 

Also, Shiba Inu has been adding more features to its ecosystem. It’s not just a meme coin. There are plans to launch the SHIB metaverse and plans to also integrate SHIB into modern crypto payments.

Akita Inu (AKITA)

AKITA is a relatively unknown and newer coin. This can be a good thing or a bad thing. However, with a market cap of around $30 million, there is enough proof of concept here to suggest that AKITA is legit. Also, this relatively low market cap opens AKITA for massive growth. This is a meme coin that could easily offer 5x growth with the right media coverage.

Dogs of Elon (DOE)

Dogs of Elon (DOE) is also another unknown meme coin with a credible reputation. So far, the coin has hit a market cap of around $21 million. It can therefore blow up anytime and deliver resounding gains.

The post Top 3 meme coins to put on your watchlist today appeared first on CoinJournal.

The crypto industry always has its highs and lows. While 2021 was the year of highs, in 2022 things have not really kicked the way we hoped. For this reason, it can be quite hard to find unique coins that have the potential to deliver superb gains. But here is why this is the perfect time to buy:

• The market has dipped significantly, so most coins are selling cheap

• The likelihood of a relief rally after months of decline is very high

• As other asset classes also fall, investors may look into crypto to diversify their portfolios

So, in case you are searching for projects that can deliver at least 2x growth in the coming weeks, these three below should be great.

VeChain (VET)

VeChain, like most coins in the market, has simply crashed from its all-time highs that we saw back in 2021. In fact, the coin is more than 10x cheaper than it was at the time. This creates a very decent dip that could provide some good opportunities for growing your investment. 

Data Source: TradingView

Now, we are not suggesting that VET will somehow regain its ATH in a few weeks. But this is one project that still has the potential to grow by at least 2x in the near term.

Decentraland (MANA)

We have also seen many metaverses and P2E gaming tokens fall further this year. In fact, at the turn of 2022, MANA boasted a market cap of around $5 billion. That value has since dropped massively to around $1 billion. At one point, MANA even went below the billion mark. We expect the coin to rebound though, and at least hit $2 per coin.

ThorChain (RUNE)

ThorChain has often been an underrated project. It has so much to offer and yet the price action has never reflected this. The recent decline also means that RUNE is now heavily discounted. When the market rebounds, it is likely to see additional gains too.

The post Three coins that could double in price in the coming weeks appeared first on Coin Journal.

Axie Infinity (AXS) is now starting to report some bullish consolidation. The coin had declined steadily since May 12, and there were worries it could retreat below $10. However, we are seeing signs of improvement, in fact, AXS could break out over the coming days. Here are some key facts:

• AXS is consolidating above the crucial $20 and has done so in the last 24 hours.

• This will likely trigger a bull run that takes the coin toward $27.

• AXS must however maintain the $17.98 support for this thesis to hold

Data Source: TradingView 

Axie Infinity – How it can swing 50% up

The bullish consolidation we are seeing with AXS comes after a period of decline. As a result, it could suggest that the coin is about to break out of its long-term downward trajectory. The key to watch though will be the $17.98 support. If the price action stays above this and manages to gloss over $20 at the end of trading today, then AXS will break.

In the end, the coin will likely settle at around $27 before its retreats. This will deliver gains of nearly 50% for AXS bulls. There is also another setup worth noting. A run towards $28 may not happen all at once. In fact, it is possible that AXS will try to test the $23.19 resistance first. 

The coin may be rejected at this price, after which it may fall back below $20. This is just a temporary setback. We expect AXS to surge past $23.19 even if it fails on the first attempt.

How will AXS perform in the future?

AXS has suffered a lot this year. The coin is ten times cheaper from its $200 highs just a few months ago. 

We expect this weakness to start abating during the second half of the year. Eventually, AXS could still hit $100 before 2022 is out.

The post Axie Infinity (AXS) set for a 50% upswing in this bullish thesis appeared first on Coin Journal.