Kategorie: Altcoin News

The Binance Smart Chain (BSC) is a smart contract platform designed to provide developers with the ecosystem they need to create Decentralised Apps or DApps. BSC has seen immense growth over the past year and continues to attract a series of interesting projects as well. Here are some of its highlights:

• The Binance Smart Chain hopes to use low gas fees and speed to rival Ethereum, the largest smart contract platform in the world.

• The chain is built to compliment the Binance Chain (BC) with excellent trade volume and outstanding liquidity.

• So far, the BSC has been attracting developers with new and innovative blockchain projects that offer a lot of promise.

In case you are thinking of investing in tokens built purely on the Binance Smart chain, then the two options below should be perfect:

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a DeFi automated market maker protocol that allows crypto investors to exchange a wide range of assets instantly. The platform also gives you the chance to earn returns by providing liquidity and farming yields. After its launch in 2020 on the BSC, PancakeSwap has literally exploded. 

Data Source: Tradingview.com 

The platform offers excellent speeds, secure transactions, and low gas fees in line with BSC’s mission. At the time of reporting, CAKE, the native governance token, was selling for $12.33. CAKE also has a market cap of about $3.1 billion, ranking among the top 55 crypto assets by market cap.

Venus (XVS)

Venus (XVS) is a synthetic stablecoin that also doubles up as an algorithmic money market protocol. Built on BSC, the platform allows users to borrow and lend crypto assets at low fees. 

The platform also gives you a chance to mint VAI stable coins. At press time, the Venus native governance token XVS was selling at $15.74. The token also had a market cap of around $186 million.

The post The best crypto tokens to buy on the Binance Smart Chain (BSC) appeared first on Coin Journal.

As 2021 comes to a close, SushiSwap (SUSHI) has been one of the top performers in the crypto market for the last week or so. The DeFi token is currently on a 7-day bullish run that has seen it gain nearly 35% in value over the same period. But can this momentum continue? Before we get to the price analysis, here are some highlights:

• At the time of writing, SushiSwap (SUSHI) had crossed into double figures, trading at $10 and up 10% in 24 hours.

• We expect the token to face major overhead resistance at around $10.88 over the coming days.

• Despite the bull run, the Relative Strength Index at the time of writing suggests the token is overbought, creating significant downside risk if investors decide to cash in profits.

Data Source: Tradingview.com

SushiSwap (SUSHI) – Price analysis and prediction

It’s been a good week for SushiSwap (SUSHI), no doubt about that. The coin has crossed into double digits for the first time in a while. The next big challenge will be to overcome overhead resistance at $10.88. If indeed this happens, we could possibly see SUSHI test its next resistance of around$11.59 and consolidate around the price if a breakout doesn’t happen. 

But one key risk factor is the RSI reading. While most technical indicators look bullish, the RSI indicates SushiSwap (SUSHI) is overbought. If investors decide to lock in profits, then SushiSwap (SUSHI) may come under significant selling pressure, which could lead to a pullback towards $7.8 or thereabout.

Should you buy SushiSwap (SUSHI)

the answer is yes. For long-term investors, SUSHI is a decent DeFi token to have on your portfolio. But the short-term outlook suggests that we may see some volatility around SushiSwap (SUSHI) in the coming days. As such, for short-term bulls, this may not be the most ideal time to get in.

The post SushiSwap’s (SUSHI) 7-day bullish uptrend brings gains of over 35% – price analysis and prediction below appeared first on Coin Journal.

Cash doesn’t have to limit you from trading cryptocurrencies. No matter how much you earn, with as low as a few cents, you can begin your crypto investment journey.

If you have some cash to spare, consider these top 10 cheapest cryptocurrencies you can buy right now.

1. VeChain (VET)

The price of VeChain (VET) as of December 28, 2021, is $0.09. Imagine what you can do with just $100. But even besides the price, VeChain is functional in finance and other fields.

VeChain allows businesses to digitally collaborate to aid swift data transfer and supply chain management. BMW, LVMH, ND Walmart are some of the corporations using the VeChain blockchain for their operations. The blockchain uses the proof-of-authority mining model. It has a limited supply of 86.7 billion VET tokens.

VeChain is ranked 32nd with a market cap of $6b; having such a low cap means it is still bound to grow. It reached an all-time high of $0.28 in April 2021.

2. Dogecoin (DOGE)

With the buzz around the Dogecoin (DOGE), it is still very cheap to invest in. The price of Dogecoin was $0.18 as of December 28, 2021. It is ranked 12th with a market cap of $24b. It is predicted that DOGE might hit the $1 mark by mid-2022, so there’s so much potential for gain.

Tesla’s boss- Elon Musk announced his support for the token and desired to work with the developers. This increased its price to $0.73 in May 2021. Although there are still concerns around its limitless supply, it is a cryptocurrency as it can be traded and used to store value.

A total supply of 100 billion DOGE was released at the time of launch. However, due to its inflationary status, over 5 billion DOGE has been released yearly ever since. 

3. Cardano (ADA)

Cardano is still very cheap, considering its prospects. Its price as of December 28, 2021, is $1.51. It is ranked 6th with a market cap of $48.4b. It has a total supply of 45 billion, with 32.1 billion currently available. In September 2021, it reached an all-time high of $3.09.

Cardano, developed by Jeremy Wood and Charles Hoskinson in 2017, is a third-generation blockchain. It is the first protocol to utilise Ouroboros- a proof-of-stake algorithm. It aims to be secure, flexible, scalable, energy-efficient, and it also happens to be one of the cheapest and most promising cryptocurrencies right now.

4. Decentraland (MANA)

Decentraland’s price as of December 28, 2021, is $3.67. It is ranked 42 with a $4.8b market cap. There is a total supply of 2.2 billion with 1.3 billion currently in circulation.

Decentraland is the first decentralised platform owned entirely by its users. It is a 3D world. It has been in development since 2017 by the Decentraland Foundation, founded by Esteban Ordano and Ariel Meilich. However, it was made public in January 2020. Decentraland is a virtual world (metaverse) built on the Ethereum blockchain. As it stands, it is one of the cheapest cryptocurrencies you can invest in at this time.

5. Polygon (MATIC)

The price of MATIC as of December 28, 2021, is $2.65. It is ranked 14 and has a market cap of $18.2b. Out of the 10 billion set for total supply, 6.9 billion is already in the market. It reached an all-time high of $2.92 on December 27, 2021.

Polygon was formerly known as the Matic Network when it was created in 2017 in India. But it was rebranded as Polygon in February 2021. It is a layer-2 blockchain protocol created as an add-on layer for the Ethereum blockchain. It was to help it increase in size, efficiency, security, interoperability, and usability.

6. Polkadot (DOT)

Polkadot is a blockchain where users can create and run their blockchain. As of December 28, 2021, the price of DOT is $29.40. There is a total supply of 1.1 billion. It peaked at $54.98 in November 2021. It is currently ranked 10th with a market cap of $31.4b.

 It is a „blockchain of blockchains.“ It was developed to solve the blockchain trilemma- security, scalability, and decentralisation. The blockchain has two structures- relay chain (the main network where transactions are processed) and parachain (user-blockchain that uses the main network’s resources). 

7. Chainlink (LINK)

Chainlink is an oracle framework of nodes that make data and information from off-blockchain sources available to smart contracts. LINK’s price as of December 28, 2021, is $22.19, and it is ranked 19th with a market cap of $10.3b. 467 million of the 1 billion total supply is currently being circulated. It reached an all-time high of $52.70 in May 2021.

8. Fantom (FTM)

The price of FTM as of December 28, 2021, is $2.27. In October 2021, it peaked at $3.46. It has a total supply of 3.2 billion, and 2.5 billion is currently in the market. It is ranked 33rd and has a market cap of $5.79b.

It is a blockchain for dApps and digital assets. It is a modular, high-performance, scalable, secure, open, and eco-friendly smart contract network. The consensus mechanism of this blockchain is made up of Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS), and it is called Lachesis. Like Ethereum, it has Fantom Virtual Machine for developing dApps. FTM is its native token. Asides from being a mainnet coin, it is available as an ERC-20 token and a BEP-2 token.

9. Shiba Inu (SHIB)

 The price of SHIB as of December 28, 2021, is $0.00003562. It rose to $0.00008616 when Elon Musk posted a Floki, a Shiba Inu dog, on his Twitter. It is currently ranked 19th with a market cap of $19.7b. There is a total supply of 100000 billion, and 549149.6 billion is currently in circulation.

Shiba Inu is a meme coin associated with the Japanese Shiba Inu dog. It is an Ethereum-based token. The Shiba Inu ecosystem consists of three tokens, including SHIB, LEASH, and BONE. ShibaSwap, Shiba Inu Incubator, and Shiboshi are platforms that exist in the ecosystem. Although it has limited uses, it has a very low price and would make good returns in case its price skyrocket in the nearest future.

10. The Sandbox (SAND)

The price of SAND as of December 28, 2021, is $6.07. Out of the 3 billion total supply, 919.5 million us currently in circulation. In November 2021, it reached an all-time high of $8.40. It has a market cap of $5.6b and is ranked 35th.

The Sandbox is a play-to-earn metaverse built on the Ethereum blockchain. The metaverse is made up of VoxEdit (a platform where users can create and animate 3D objects), the Sandbox Marketplace (a place where assets can be published and traded), and Game Maker (an application that allows users to create 3D games for free). The ecosystem is powered by an ERC-20 token- SAND. It is used to trade ASSETS, play games, buy LANDS, and create avatars. It can also serve as a governance token that can be used on the Sandbox DAO.

Before you buy any of these coins, ensure you’re only using your spare cash. Crypto is a very risky investment. You can easily profit as much as you can easily lose from it. Do your research and use dollar-cost averaging before buying any coin.

The post Top 10 cheapest cryptocurrencies to buy right now appeared first on Coin Journal.

SafeMoon (SFM) was launched as a community-driven DeFi token. Technically a meme coin, the hope was to challenge other high-growth meme coins like Shiba Inu and Dogecoin. SafeMoon exploded. Hitting all-time highs in April. But things have not really been smooth sailing ever since. Check out some highlights below:

• After hitting all-time highs in April, SafeMoon (SFM) has lost nearly 90% of its value

• In December alone, the coin has seen a monthly plunge of over 50% albeit it’s repairing some of these losses.

• Unlike other meme coins, SafeMoon (SFM) is adding more utility, including an Android and iOS version of its SafeMoon wallet.

Data source: Coinmarketcap.com 

SafeMoon (SFM) – price prediction and analysis

The biggest question for most investors right now is whether SafeMoon (SFM) can replicate the explosive growth it showed in 2021. During its peak in April, the coin had in fact managed to deliver an ROI of nearly 45,000% since its inception. Headwinds in the broader crypto market have seen SafeMoon (SFM) plummet from those April highs. 

At the time of writing, the coin was trading at $0.001668, down 7% in intraday trading. It’s very unlikely that we will see any major surge this year. But as SafeMoon continues to add more utility features into its ecosystem, the coin could become much more valuable in the long run.

Should you buy SafeMoon (SFM)?

It is important to note that SFM is still a meme token. Yes, we are seeing more utility features coming into the ecosystem but they are not nearly as valuable as, for example, something like Solana (SOL). 

For this reason, SFM is prone to wide volatility and should be viewed as a short-term speculative asset right now. For investors who want to ride any bullish uptrend in 2022, this is the ideal time to buy SFM. But for long term value, it’s very hard to see any upside.

The post Can SafeMoon (SFM) replicate its 2021 explosive growth next year? appeared first on Coin Journal.

Despite showing decent upward momentum in recent weeks, Helium (HNT) has started to lose steam. Although the coin is still on the green, the uptrend is now teetering and could all-together come to a halt. Technical indicators suggest a short-term decline. More details to follow but first, some highlights:

• Despite losing some of its upward momentum, Helium (HNT) is still about 7% up over the last 7 days.

• At the time of writing, the coin had taken a 7% plunge in intraday trading, selling for around $37.92.

• Helium (HNT) is also now below its 200-day Simple Moving Average, showing a bearish trend.

Data source: Tradingview.com 

Helium (HNT) – Price prediction and analysis

Most coins in the broader crypto market have benefited from the Santa rally we saw on Christmas. But it seems Helium (HNT) won’t be holding this momentum for long. After surging past the $41 mark, the coin has reversed some of those gains, pushing below its $40.92 support line. 

The price could continue well into $35. We expect Helium (HNT) to try and consolidate around that price. However, if we slip below $35, then a bearish downtrend could be on the cards. 

Besides, Helium (HNT) is also trading below its crucial 200-day Simple Moving Average. One big upside is the RSI. In the last seven days, it has shifted from overbought to neutral. This could suggest that there is still buying strength coming in.

Should you buy Helium (HNT)?

It depends on your investment goals. In case you are a short-term speculative trader, perhaps this is not the right time to buy Helium (HNT). It could be heading to a downtrend, and you don’t want to enter the trade now. But for long-term investors, wait some days for a decent dip in the price and buy it. There is still so much long-term value to be unlocked with Helium (HNT).

The post Helium (HNT) teeters after recent surge – Here is why the bullish run is about to end appeared first on Coin Journal.