Kategorie: Altcoin News

2022 appears to have simply flown by so fast for most crypto investors. The market has not delivered as expected, but we have not seen any major crashes. As we enter the second half of the year, there are some opportunities to make good money. Here is why:

• Most coins have failed to really break out and remain heavily discounted.

• The second half of the year could bring a change in fortunes as more investors enter the market.

• The overall outlook for many coins is still good, even with the slump during the first half of 2022.

So, we decided to create a list of two coins that we think could blow up in the final half of 2022. Here they are:

Polygon (MATIC)

At the start of 2022, one coin that was earmarked for great things was Polygon (MATIC). Analysts all over felt that the altcoin would challenge major projects like Ethereum and Solana. This was after MATIC had delivered insane gains for investors a year earlier.

But flash forward six months into 2022, and MATIC has fallen sharply. At the moment, it’s very difficult to see how the altcoin will live up to the high expectations set at the start of the year. But we believe Polygon and its fundamentals will be good enough to attract more buyers. As such, MATIC could offer up to 4x growth from the current price.

Cosmos (ATOM)

One thing we love about Cosmos (ATOM) is its incredible resilience. Yes, the coin has suffered losses this year. But compared to the rest of the market, it has actually managed to fend off major sell-offs. 

We also think the coin is significantly undervalued, especially when you look at its roadmap and the vision it has for the future. For this reason, ATOM is highly recommended for the rest of the year.

The post Top coins to buy as we enter the second half of 2022 appeared first on Coin Journal.

The goal for any investor is to buy assets at a lower price and sell them when the price has shot up. In crypto, prices for assets can often shoot up very fast. If you are able to find undervalued gems, you could become very rich. But how do you find these undervalued coins? Here are some tips:

• Focus mostly on new projects that are yet to achieve massive media coverage

• Follow major venture capital firms and where they are putting their money

• Analyze project roadmaps and visions to see future potential today.

Nonetheless, we have a few undervalued coins here below that could provide some decent growth in the months ahead.

Merit Circle (MC)

Merit Circle (MC) is a decentralized autonomous organization or DAO that focuses mainly on the metaverse and play-to-earn gaming. The DAO is trying to build the future of the metaverse by investing to accelerate innovative projects in this area. 

Data Source: TradingView

Merit Circle has announced major partnerships over the last few weeks, including one with the Axes Metaverse and others. As the metaverse becomes more mainstream, MC is likely to gain a lot.

Mines of Dalarnia (DAR)

The play-to-earn space is right now the most important growth sector in crypto. It’s also a relatively newer area that is seeing more innovations every day. One project that has captured the imagination of most players is the Mines of Dalarnia (DAR). 

This immersive game set in a virtual tech universe has released important updates already. We expect it to blow up very soon, especially now that interest in P2E gaming is growing.

Oasis Network (ROSE)

The Oasis Network (ROSE) has often been ranked as one of the most impressive projects in DeFi right now. Although it’s not new, based on its roadmap and recent partnerships, it is clear that Oasis still has so much potential to unlock.

The post These 3 undervalued tokens could become hot in the months ahead appeared first on Coin Journal.

The crypto news cycle over the last two weeks has largely been dominated by Terra (LUNA). The coin went from being one of the top ten most valuable crypto assets to ranking below 200. It all happened in days. So, will the stablecoin platform ever return to its heyday? Here are some highlights:

Terra has literally gone bust over the last week or so.

The coin has hit all-time lows albeit we have seen some slight recovery.

At the moment, LUNA is facing huge volatility with swings of up to 50% per day.

Data Source: Tradingview 

Will Terra ever return to $120?

Terra (LUNA) was always seen as the crème on the cake as far as crypto goes. It was among ten of the most valuable assets in the market and for a long time, it traded above $100. But after periods of decline, the coin had settled at around $40 in 2022. 

However, all that value was wiped out after its dollar-pegged UST stablecoin lost its peg. LUNA simply crashed and is now selling for pennies. A return to glory will not be that simple though. Although some slight recovery has been reported over the last few days, there is just so much volatility around LUNA to say for sure it coming back. 

Besides, a lot of the things that need to happen to give LUNA a chance have not happened yet. UST is still de-pegged, and the Terra community is running out of ways to defend the stablecoin. It will be a miracle if LUNA returned to $10 let alone $120.

Should you buy the LUNA dip?

You can trade LUNA as of now, but don’t hold it. As noted above, due to high volatility, the coin is swinging wildly. 

This gives short-term speculative traders a chance to win big. But for the long haul, LUNA is just too risky right now.

The post Boom to burst: Will Terra (LUNA) ever return to $120 again? appeared first on Coin Journal.

The crypto industry has been diversifying quite a bit in recent years. Play-to-earn and NFTs are perhaps two areas that are providing much-needed excitement in the industry. For this reason, most investors are keen to unlock value in these two areas. Here is why P2E is popular:

• Play-to-Earn is a relatively new area with exemplary potential

• Several P2E projects have already delivered huge returns for investors

• The play-to-earn sector is largely intertwined with the growing NFT craze.

Being a new industry, undervalued projects in P2E are quite diverse. We decided to create a top 3 list below to give you some investment ideas:

Kara Star (KARA)

Kara Star (KARA) is a play-to-earn game that also comes with metaverse components. There are two key aspects of the game. The first is the Kara. These are NFT-based pets in the game. 

Data Source: Tradingview 

There is also virtual land. This is where the Kara lives. The goal for players is to grow their Kara and battle it out with other users for rewards. KARA is already listed in Kucoin and Binance.

Crypto Golf Impact 

As the name suggests, Crypto Golf Impact is the first mobile-based play-to-earn golf game. It is relatively new, having launched early this month. The game allows users to earn major rewards by competing in major tournaments. It also offers a very real-life gaming universe. The game has the potential to become a big hit this year.

Aqua Farm

Aqua Farm is an upcoming role-playing P2E game built on the Polygon network. The game is expected to launch later this month. The adventure-filled game is designed to deliver a truly immersive experience and comes fully integrated with an NFT marketplace. If you are looking for real upside potential, this would be a great game to keep on your watchlist.

The post Top undervalued coins in play-to-earn that you should watch in 2022 appeared first on Coin Journal.

Before the UST de-pegging and the eventual collapse of Terra (LUNA), the Anchor Protocol (ANC) was one of the biggest DeFi platforms in crypto. But the project was heavily exposed to UST, and the de-pegging had a massive impact on its value. But will ANC ever recover?

• ANC lost nearly 1000% in value shortly after the UST de-pegging

• At one point, the coin fell from highs of $2.13 to as low as $0.08.

• The road to recovery will be difficult but not impossible.

Data Source: TradingView 

How will Anchor Protocol (ANC) recover?

It will take some time before ANC recovers. This recovery will depend on two things. First, how fast the Terra chain is able to resolve the LUNA collapse will be crucial. Secondly, returning UST to its peg will have a huge impact on lifting ANC in the long term. 

Besides, ANC has already shown it has what it takes to come back. For example, shortly after UST was de-pegged from the dollar, ANC literally collapsed. It looked like it was going to zero. But we saw an instant reversal, with ANC rallying by nearly 1500% from its lows. This is a sign that investors are still confident about the protocol. 

Despite this rally, Total Value locked on Anchor has not really improved. After the UST crash, Anchor’s TVL dropped to $307 million. Before this, Anchor was ranked 4th in terms of TVL. The crash pushed it to 60th. We have not seen any improvements in TVL. This could hamper any hopes of recovery.

Should you buy Anchor now?

There are still many unknowns with regard to the Anchor Protocol. For example, despite efforts by the Terra community to defend the UST peg, the stablecoin has continued to fall apart. 

It doesn’t seem the issue will be resolved soon. As such, just steer clear of ANC for now until further developments on LUNA and UST are announced.

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