Kategorie: Altcoin News

Building a crypto portfolio with a small amount of capital is not always easy. But this does not mean it cannot be done. What really matters is identifying decent assets and reinvesting as much of your profit as possible. Here are some of the tips to follow if you have a small budget for crypto:

• Always focus on high growth crypto assets like NFTs

• Newer more promising coins can also help you build your capital

• Trade on dips more regularly to expand your investment potential.

So, if you have $1000 only, we have three coins below that can help you build a decent portfolio of assets.

Shiba Inu (SHIB)

Meme coins are known for their massive volatility. However, meme coins can swing up very fast. This will ultimately allow you to lock more money into your account. 

Data Source: Tradingview 

While there are three or four meme coins that you can consider, Shiba Inu (SHIB) is by far the best. It has a decent track record of offering superb gains. Although SHIB has fallen in recent years, there is still some potential for better returns this year.

Apecoin (APE)

We all know that NFTs are going to be huge. Apecoin (APE) is one coin that can allow you to actually take advantage of the coming NFT boom. There are still a lot of whales who hold this token. This means that the risk of a major sell-off is there. But despite this, Apecoin is fairly new and has the potential to grow 10x in the future.

The Sandbox (SAND)

In recent months, The Sandbox (SAND) has been attracting so much institutional capital. It is seen as one of the most promising metaverse projects that already have some proven pedigree in the market. While SAND may not deliver 20x in the near term, it can actually double or triple your money very fast.

The post Building a crypto portfolio with $1000: Top 3 coins to buy appeared first on Coin Journal.

DeFi is one of the hottest sectors in the crypto universe. New DeFi projects with enormous potential are coming out, some of which are in fact built on Solana. The blockchain is expected to be the launchpad for some of the most exciting DeFi projects in the future, and here is why:

• Solana allows DeFi to be scaled up easier and faster

• The Solana infrastructure is highly integrated with DeFi needs

• Fees on Solana are way lower compared to other chains

Well, for investors looking for DeFi projects on Solana that could easily 5X your money, here is our top 3 list:

Oxygen Protocol (OXY)

Oxygen protocol (OXY) is designed to work as a decentralized bank. In fact, the project is trying to tap into one of the hottest DeFi trends right now. People want to reduce exposure to the traditional banking systems and are looking at the blockchain for solutions.

Projects like Oxygen are working to offer these solutions. If indeed decentralized banking takes off in 2022, OXY is going to explode.

Delta One

Delta One is a new DeFi project on Solana designed to offer users low-risk yield farming across multiple chains. Work on this project started last year, and while it is yet to reach full market value, there is just so much potential. In fact, Delta One recently raised nearly $10 million to fund the development of its ecosystem. It has big-name backers and investors, too including Pantera Capital, Almeda Research, and so many others.

Solend (SLD)

Solend (SLND) is a borrowing and lending protocol designed to offer users low-risk collateralized crypto loans. It’s also a fairly exciting project with quite some potential too. SLND is hoping to become the most popular lending protocol on Solana by leveraging the platform’s speed and low fees. So far, it is seeing very decent growth.

The post Best DeFi projects on Solana to 5x your money in less than a year appeared first on Coin Journal.

Cardano (ADA) is one of the most popular Ethereum alternatives in the world. It has, over the years, attracted a lot of new and innovative projects. Well, there are several reasons why Cardano projects are quite popular. Here is why:

• Cardano offers better scalability compared to Ethereum

• The chain is also embracing a diversified ecosystem of DAPPs.

• Cardano is known for low fees, faster speeds, and sustainability.

So, if you are planning to invest in promising projects built on Cardano, the top 3 lists below should be perfect.

Ardana (DANA)

Ardana (DANA) is a stablecoin that is backed by an array of assets. It also doubles up as a liquidity provider for decentralized exchanges. DANA is typically overcollateralized with native assets on the Cardano chain.

This makes stablecoin trading within the ecosystem efficient and less costly. The hope is to make Ardana the ultimate MakerDAO for the Cardano platform. So far, the coin has a market cap of around $30 million. The potential for more value is therefore very high.

Drunken Dragon Games (FT)

Drunken Dragon Games is a newer gaming project. It is one of the most promising GameFi assets on Cardano as we speak. As noted above, Cardano has embraced full diversity in its ecosystem. As such, the chain is bringing all manner of apps including blockchain gaming. Drunken Dragon also adds an NFT element to its offerings. Although the project is not big right now, it has all the potential for great success.

Revuto (REVU)

Revuto (REVU) is an innovative service that allows users to manage subscriptions. The beauty of this project is that it allows you to do it in a decentralized way. People have dozens of subscriptions these days. It can be easy to lose track of them and end up paying for things you don’t need. Revuto will ensure this doesn’t happen.

The post Top 3 projects on Cardano that you should consider in April appeared first on Coin Journal.

Apecoin (APE) has faced a consistent downtrend over the last four days. But today, the coin has bounced back and appears to have reversed the downward pressure. APE is however not done yet. More gains could come as whale accumulation continues. Here are the main facts:

• APE could add 22% to its value in its recent bull run

• The coin could however face selling pressure after crossing $15.

• APE is up 10% over the last 24 hours.

Data Source: Tradingview 

Apecoin – The bullish setup

After peaking at the $17.46 price back in March, APE has struggled to find any decent momentum. Instead, the coin had started to spiral downwards. But it seems this downward trend is now reversing. In fact, APE was up 10% over the last 24 hours. 

This recent bull run could trigger a 22% rally as whales continue to accumulate the coin. RSI also shows that APE is building momentum. As long as the price action remains above $10 in the days ahead, we can expect more gains in the near term. 

However, there is some limited upside potential here. In recent days, the range between $14.23 and $15.98 has proved to be a serious sell zone for investors. We don’t expect this to change anytime soon. Although the 22% upswing is very possible, APE is likely to pull back further down the moment it hits the sell zone above.

How to profit from this setup

There isn’t a lot of downside risk right now for APE. After four down days in a row, it seems the coin is poised for better returns. The best entry price will be between $11.5 and $12.5. It is likely that APE will surge past $14 in the days ahead. This would be the perfect time to sell and earn at least 15% in profit.

The post Apecoin could see massive gains as whales continue to accommodate appeared first on Coin Journal.

The last 7 days have been bitter-sweet for Decentraland (MANA). After initially falling, the coin has started to gain some upward momentum albeit it hasn’t been that much. But an RSI reading suggests that a potential bull run is possible. Here are the main facts:

• RSI readings show MANA is now oversold, suggesting the risk of a major sell-off is low.

• With limited downside risk, MANA could bounce back steadily in the near term.

• The coin could surge by 50% in this bullish setup.

Data Source: Tradingview 

How can MANA smash $3?

The recent uptick in bullish momentum has not been that huge. But it has been enough to bring MANA above a crucial support zone of around $2. Bulls have done quite well to keep the price action above this. As the price consolidates, we expect it to push further towards the overhead resistance of $2.3. 

The Relative Strength Index or RSI appears to suggest that this is actually more likely. You see, in recent days, RSI readings have moved towards the oversold territory. This basically suggests that the risk of any major sell-off as far as MANA goes is very low. 

As a result, the only way is up. If indeed MANA is able to breach overhead resistance at $2.3, then it is a matter of time before it reaches $3. The biggest challenge however will be to maintain the price action above $3.

How can investors profit from this bullish setup?

There are two ways to profit from this MANA bullish setup. First, you can buy above the $2 support. As the token tests $2.3, you can either exit or bet on it, hitting $3. Either way, a run towards $2.3 still makes you 15%.

Secondly, you can wait for the coin to breach overhead resistance at $2.3. MANA will likely surge to $3 after that, delivering gains of around 25%.

The post Oversold RSI Could push Decentraland (MANA) up significantly in the near term appeared first on Coin Journal.