Kategorie: Altcoin News

Despite facing severe downside pressure in recent weeks, Axie Infinity (AXS) is rallying with the bullish continuation expected to hold. There are some estimates that suggest AXS will head towards $170 in the near term. Although this is a tad too optimistic, the indicators appear to back this outlook. Here are some notable highlights first:

• Axie Infinity (AXS) is consolidating between $90 and $100. At the time of writing, the token was trading at $94.46.

• This price consolidation could trigger a bullish rally that will see AXS surge $170, gaining nearly 40% in the process.

• Despite this, there are still several downside risks that investors should factor into the $170 price calculus.

Data Source: Tradingview.com 

Axie Infinity (AXS) – Price action and prediction

AXS has been one of the hottest blockchain gaming tokens in the past few months. It has had its wild ride, too as far as price action is concerned. After hitting yearly highs of $160 in 2021, we have seen an ensuing correction phase. 

However, even with this significant bear pressure, AXS has still traded between $90 and $100 over the past weeks. There is price consolidation, something that could suggest that a bullish breakout is not far away.

In fact, if the coin can surge past the overhead resistance of $105, then we could be seeing a prolonged uptrend that will easily smash past $170.

Why you should buy Axie Infinity (AXS)

Overall, Axie Infinity (AXS) is one of the most promising coins in blockchain gaming. This sub-sector is heating up and is expected to drive a lot of growth and innovations in blockchain tech. 

Based on these fundamentals alone, AXS is a good buy. But one key risk to note is that increased competition from other blockchain games could see daily active users on the platform decline. This is likely to put significant pressure on the price.

The post Axie Infinity (AXS) and the road to $170 – Price analysis and predictions in 2022 appeared first on Coin Journal.

Harmony (ONE) is hands down the best performing token in the early stages of 2022. After breaking its December downtrend on the last day of 2021, the token has established some outstanding bullish momentum, gaining nearly 32% over the last 7 days. So, where will the token go next? First, some highlights.

• After a tough December correction, Harmony (ONE) is now on an uptrend that could see it gain up to 50% in January.

• At the time of writing, the token was trading at $0.3175, roughly 8% from its 2021 yearly highs.

• The platform has also invested heavily in developing an NFT ecosystem that could help boost investor sentiment.

Data Source: Tradingview.com 

Harmony (ONE) – Price action and prediction

It was largely expected that the crypto market would rebound in 2022 after a severe correction at the tail end of 2021. But while most coins have traded sideways at best, Harmony (ONE) is setting the pace for growth.

The token is up 32% in a week, and we were closely watching to see if it breaks past the $0.3 resistance. At the time of writing, ONE was already at $0.3175 and is consolidating around that price. RSI readings also remain moderate, suggesting that more bullish activity is yet to come.

We expect this uptrend to continue in January and push Harmony (ONE) towards its 2021 yearly highs. As of now, the next upside resistance is around $0.32. It’s likely that ONE could break past that this week.

Why you should buy Harmony (ONE)

Investors have in recent weeks been looking at alternative altcoins as the main cryptos slump. Harmony (ONE) is one of the most promising altcoins today. 

The platform is also doing some good work around NFT ecosystems, something that should help maintain positive investor sentiment. With a market cap of around $3.1 billion, there is still a lot of potential for ONE.

The post Harmony (ONE) is surging in 2022 – Where will it go next? appeared first on Coin Journal.

Finding the perfect scalability solution for Ethereum has always been a huge challenge. But over the last year, the use of ZK-Rollups has generated quite some buzz. In fact, at some pointed ZK-Rollups were touted as perhaps the best scalability solution for Ethereum and have already been adopted by several protocols. So, what this is all about, and how can you invest in these technologies? First, some highlights:

• Zero-Knowledge Rollups (ZK-Rollups) are a series of smart contracts that use off-chain computations before submitting them back on-chain for validation.

• The smart contracts simply bundle a huge number of transactions into one and compute them in large chunks.

• Several protocols have already adopted ZK-Rollups, including Loopring (LRC) which surged to all-time highs after.

Data Source: Tradingview.com 

It is obvious now that ZK-Rollups are going to be huge and as such, we wanted to give you a list of altcoins you can invest in below to take advantage of this technology:

The Mir Protocol (MIR)

The Mir Protocol (MIR) is a scaling solution for Ethereum designed to use ZK-roll ups. In fact, the project is in the process of developing additional ZK roll up solutions. Just last month, MIR was acquired by Polygon (MATIC) in a deal valued at around $400 million. 

Polygon is already one of the cheapest chains in the market. The fact that it is going after a ZK-rollup project suggests that this could be a hot industry in the future.

zkSync Coin

zkSync is an upcoming ZK-roll-up project being developed by Matter Labs. The plan is to issue a native ERC 20 token once the project is fully operational. 

The platform has already received up to $50 million in series B funding. Although we don’t have any dates as to when the token will be available, keep an eye on this in 2022.

The post The best ZK-Rollup altcoins to buy today appeared first on Coin Journal.

Play-to-earn games are becoming quite popular on the blockchain. This is seen as a huge part of the metaverse gaming section in crypto and as such, many investors are warming up to these tokens. Axie Infinity (AXS) has been one of the main blockchain gaming tokens the past year, but there are more others to note. But first, some highlights:

• The blockchain gaming subsector in crypto is new and as such, it still has a lot of potential value to unlock.

• The rise of the metaverse will be one of the key catalysts for growth in blockchain-based games.

• There is a lot of increased institutional capital flowing towards metaverse related or blockchain gaming right now.

So, if you are thinking of putting some money on these gaming assets, here are two interesting tokens to check out right now.

Splintershards (SPS)

Splintershards (SPS) is a collectible card game that runs on the Ethereum blockchain. Players earn NFT card collections, with each card featuring some unique attributes. The cards can be bought and sold across the game using the native SPS token. 

Data Source: Tradingview.com 

On average, Splintershards gets around 300,000 active daily users, making it one of the most popular blockchain games right now. The SPS token is, however, trading at a very low price. At the time of writing, it was selling for $0.2112 with a market capitalisation of around $73 million.

Tiny Colony (TINY)

Tiny Colony (TINY) is an upcoming construction and management simulation game built on the Solana (SOL) chain. The game is played inside a virtual metaverse where players build and grow ant colonies. 

Players can also form alliances and participate in community events inside the metaverse. The in-game currency and governance token for the game will be TINY. This is an upcoming project, and you have a chance to get in before it launches officially.

The post The best blockchain gaming projects to buy right now appeared first on Coin Journal.

If there is anything we learned from the crypto market in 2021 is that getting in early matters. Projects in blockchain have typically experienced explosive growth, and those who invested early tend to rip off the biggest reward. Although there are still some risks, here is are some of the reasons why buying new and upcoming crypto projects makes sense:

• You simply get in while the price is still low and ride the upward momentum in the future if the crypto explodes.

• Since the price is still low at the start, the overall downside risk is relatively low compared to assets that have already peaked.

• Most new crypto projects are likely to achieve important developmental milestones in the future, something that bumps up the price.

Now, if you are looking for new and upcoming crypto projects to start investing in, we have two options here worth your attention:

Pulse Prediction Markets (PULSE)

Pulse Prediction Markets (PULSE) is an innovative DApp built on the NEAR ecosystem. The app is designed to use the power of Flux Oracle to resolve common prediction market issues and provide accessible and efficient platforms for users. The project is run by traders using the Pulse DAO where PULSE, the native governance token is used to influence administrative decisions. 

Data Source: Tradingview.com 

As one of the core projects on NEAR, Pulse is still very nascent and offers superb potential for future growth. At the time of reporting, it was trading for $0.1589, up nearly 25% in 24 hours.

Bit Hotel (BTH)

Bit Hotel (BTH) is an upcoming play to earn social blockchain game. The project is in the high potential gaming metaverse section and promises to rival other popular blockchain games like Axie Infinity. The native token BTH is the main in-game currency and can be used for governance as well. At the time of writing, BTH was trading for $0.1808.

The post The best new and upcoming crypto projects to buy into in 2022 appeared first on Coin Journal.