Kategorie: Altcoin News

One of the best ways to make money from crypto would be to target low-cap coins. Now, this does not mean that all low cap projects will go on to make it big. But in most cases, if you want to grow your capital fairly fast, such low cap coins would be just perfect. Here is why:

• A low cap coin often has relatively low value with room to expand.

• Most low cap coins tend to have low coverage by the media and other investors.

• Almost all coins that have delivered 10x or more have often been low cap assets.

With this in mind, it should be the responsibility of any investor to hunt down promising low cap coins and lock them in. Here are 3 options you can consider now:

Base Protocol (BASE)

The Base Protocol (BASE) is basically a crypto asset whose value is pegged on the market cap of the entire crypto industry. In essence, the price action of these coins is based on how the overall market cap of the industry moves. 

Data Source: Tradingview 

BASE is designed to help investors bet on the entire crypto market without having to buy specific coins. It is a very interesting project, and when you consider the market cap right now is around $1.1 million, the potential for growth is massive.

Fetch.AI (FET)

Fetch.AI (FET) is an NFT inspired project that wants to create a robust and social sharing culture. The project is relatively small, with a market cap of around $250 million. With NFTs really heating up, it is likely that FET will see more growth in the medium term.

Augur (REP)

Augur (REP) is a prediction markets aggregator that hopes to create a fully decentralized prediction market community. It has a powerful ecosystem and a stellar team of experts to back it. The project as of now has a market cap of around $140 million.

The post Top low cap crypto projects that have so much potential appeared first on Coin Journal.

2021 was seen as one of the best years for crypto assets. Many coins made it big last year, and there was hope that this trend would carry on even in 2022. But the market has stagnated a bit and lost some of the momenta we saw at the end of 2021. But 2022 could still be a big year for crypto investment. Here is why:

• The overall risk in other assets, including equities is now very high.

• Crypto is likely to outperform traditional assets by a huge margin in 2022.

• The crypto market has dipped slightly and should be perfect for value investing.

So, if you are thinking of adding some crypto assets into your portfolio over the coming months, here are 3 coins to consider.

Ethereum (ETH)

A lot of positive things have been happening with the Ethereum (ETH) chain over the last few months. The chain is moving towards a proof of stake consensus that will help enhance scalability and efficiency. 

Data Source: Tradingview 

Ethereum is also expected to report record fees this year as more and more DAPPs flock towards its ecosystem. Considering that ETH has fallen quite substantially from its 2021 highs, it could be a very decent buy.

STEPN (GMT)

Hopes about the rise of the metaverse have been quite substantive over the last few months. 2022 is seen as perhaps the breakthrough year for metaverse tokens and as such, it won’t be a surprise if coins like STEPN (GMT) surge. While there are many other metaverse tokens to watch, this one is a very promising one.

Shiba Inu (SHIB)

Shiba Inu (SHIB) made massive headlines last year with recording-breaking growth. It has since lost a lot of the gains it made in 2021 but this does not mean SHIB is down and out. In fact, it could deliver impeccable gains for investors in 2022 but not as much as we saw last year.

The post The best cryptocurrencies to buy before the end of 2022 appeared first on Coin Journal.

Solana has much better news now and makes for a better buy.

• Solana seems to have recovered from the negativity that followed its 2021 network outages. 

• Waves has been hit by rumors of it being a Ponzi scheme when the market is yet to emerge from the bear trend fully. 

• Solana has better prospects than Waves in the short term. 

Solana (SOL/USD) is a smart platform blockchain that has grown in popularity for its high speed and low transaction speeds. Before the cryptocurrency correction of the last two days, Solana had started outpacing most of the other top 10 cryptocurrencies in gains. This is an indicator that investors are getting more confident in Solana’s future growth after a series of network outages towards the end of 2021. Given the heavy investments that are going into Solana NFTs, Solana’s growth prospects look good. 

Waves (WAVES/USD), on its part, is also a smart contracts platform that has grown in popularity for its use cases in DeFi. A few weeks back, Waves outperformed most cryptocurrencies by a huge margin. Following the sanctions, this followed speculation that it was a Russian project and that Russians would use it to transact and protect against wealth erosion. However, Waves has dropped harder than average in the last few days as fast as it gained. This follows rumors that it could be a Ponzi scheme. 

Which one to buy the dip

While Solana and Waves are high-potential cryptocurrencies and will recover from this dip, Solana has better prospects. One of the reasons why Solana has better odds is that it has a much bigger ecosystem of projects building on top of it. Solana also has a lot more hype, especially among institutional investors, which could play well in its favor as bulls return to the market.

Waves is a much smaller chain and aren’t as well-known as Solana. Besides, after the recent rumors of it being a Ponzi, Waves could take longer to gain traction since the market is highly volatile.

Summary 

Both Solana and Waves are high-potential smart contract blockchains. However, following a negative rumor about Waves, Solana could be a better buy in the short term. This makes SOL a better buy in the current cryptocurrency market dip.

The post Solana v Waves – Which one to buy the dip? appeared first on Coin Journal.

Long-term investments in crypto can help you unlock a lot of value. With increased volatility in the market, it can be hard finding coins that give you the promise of superb long-term growth. But there are a few coins that you can check out. Here is why long term investing in crypto makes a lot of sense:

• Long term strategies help you avoid the hectic daily volatility in crypto

• Many crypto projects will need a year or so for the real value to come

• Holding assets for a year can give you better control of your crypto portfolio.

Well, in case you are searching for coins to invest in as part of a long term investment strategy in crypto, here are some options:

FTX Token (FTT)

The FTX Token (FTT) is the native token of the FTX exchange, one of the largest platforms for trading crypto derivatives and other assets. The FTX exchange has seen a sharp increase in trade volume over the years. 

Data Source: Tradingview

It is also opening up new offices in new regions, including the middle east and others. As long as the widespread acceptance of crypto keeps growing, FTX will see increased trade volume and a lot of value. This makes the coin a good option for a long-term play.

Aave (AAVE)

It is also nice to have some investments in DeFi since this is one area in crypto that will explode in the near term. Aave (AAVE) is a leading DeFi protocol and offers incredible underlying fundamentals. It is one of the projects that is going to fully unlock DeFi, so you cannot afford to miss out.

Gala Games (GALA)

Gala Games (GALA) is hoping to become the go to chain for GameFi. Blockchain gaming is going to also become a huge part of the crypto project. As an investor, getting your money in this space is huge, and GALA gives you the chance to do it.

The post Top 3 crypto assets to buy for a 1-year investment strategy appeared first on Coin Journal.

Doubling your investment in crypto is not always that hard, especially when you are talking about meme coins like Shiba Inu (SHIB). But for all its glory back in 2021, SHIB has actually fallen sharply this year albeit we saw some recovery at the end of March. But the coin has the potential for doubling your money. You will see why below but first, check out these important takeaways:

• Shiba Inu appears to be sitting within a significant demand zone.

• The coin could break out in a decisive bullish run with 100% gains.

• SHIB also remains above strong support with very low downside risk

Data Source: Tradingview 

Can SHIB actually deliver 2x in the near term?

Yes, the chart appears to show that there is a setup for 100% gains. Right now, SHIB has entered a crucial demand zone of between $0.0000235 to $0.0000263. This has actually happened before in late February, and once SHIB broke, it went on to rally by a huge margin. 

The most conservative estimate will be a 38% upswing this time round. But where will the 100% rise come from? Well, you see SHIB is also sitting above a very strong support zone. This means that the risk of steep corrections is minimal. 

For this reason, it is likely that SHIB will swing by around 40%. After that, a small correction will come where SHIB will pull back slightly before rising again. In the end, it’s conceivable that the price will double in the near term.

Is it time to get SHIB?

Well, Shiba Inu will break out sooner or later. It, therefore, makes sense to start accumulating these coins within this demand zone. 

From a long-term point of view, SHIB remains a bit risker due to uncertainty over long-term investor sentiment. But considering that it has fallen sharply from its 2021 ATHs, it could be a great time to buy the meme coin at a discount.

The post Shiba Inu (SHIB) could double your money in the near term – Here is why appeared first on Coin Journal.