Kategorie: Altcoin News

Terra (LUNA) pulled back slightly at the end of this week after seeing quite some sustained gains. The coin however still has a lot of room for growth and we expect it to show some decent uptrend in the weeks ahead. Here is what to keep in mind:

• Terra (LUNA) is likely going to hit $150 in the near term.

• The coin has positive momentum indicators despite the recent pullback.

• A surge to $150 will represent nearly 40% of gains from the current price.

Data Source: Tradingview 

Terra (LUNA) – Why $150 is not surprising

The recent rally we saw in crypto over the last two weeks brought back hope that perhaps investor sentiment had turned positive. But there were some concerns that we may see a bigger pullback in major coins, including LUNA. However, this did not happen. In fact, after pulling back slightly on Friday, LUNA and most other coins regained upward momentum.

Also, since the start of March, LUNA has set three higher highs and the same number of higher lows as well. But it is the upper trend line on the chart that looks very interesting. 

While there is a chance the coin may turn bearish given the rising wedge between higher lows and higher highs, because of the current bullish momentum, we expect LUNA to break the upper trend line. This will then lead to massive gains that could see the coin surge past $150 in a few weeks.

Is it the right time to buy Terra (LUNA)?

For short-term traders, the current setup is somewhat a bit risky, but it offers the possibility of 50% gains. The perfect entry price would be around $105. Hold it out and exit at $150.

As for long-term investors, buying now gives you a chance to enjoy a decent uptick in your holdings as LUNA heads up in the near term.

The post Terra (LUNA) is heading to $150 and it’s not a surprise at all appeared first on Coin Journal.

Harmony (ONE) enjoyed a decent week. The coin managed to report double-digit gains but despite this, it failed to cross over a crucial resistance zone. However, we expect the coin to regain momentum and push further upwards. Here are some of the most important developments:

• Harmony has faced crucial resistance at $0.18 in the last 7 days.

• ONE was rejected several times at that threshold and has since pulled back.

• It is likely the coin will retest that zone again this week and smash it in the process.

Data Source: Tradingview 

Harmony (ONE) – how it will get to $0.27

There is no doubt that the crypto market is now turning bullish. After a very difficult period at the start of the year, it seems most coins have managed to recover, and the only way is up. However, although Harmony has gained considerably, the coin has been rejected firmly at its 200-day SMA of $0.18. 

As a result, ONE appears to have lost a bit of the upward trajectory. However, looking at the price action today, the coin was consolidating at $0.16. It is likely that ONE will finally break past $0.18 in the week ahead. 

Once this happens, bulls will be in full control and are likely to take the coin towards $0.27 before any pullback. This represents an upswing of nearly 70% from the current price.

Why you should consider Harmony (ONE)

Even with the recent gains, ONE still remains nearly 60% from its all-time highs of $0.38. But the bullish momentum we are seeing in the market right now makes the coin a decent buy for both short-term plays and long-term ones. 

The key will be to watch how long it takes for ONE to cross $0.18. Once this happens, then expect a decisive uptrend that will deliver double-digit gains easily in the near term.

The post Harmony (ONE) targets $0.27 – Here is what to expect in the days ahead appeared first on Coin Journal.

Metaverse tokens have had a torrid period in recent weeks. Sandbox (SAND) is one of the leading coins in this category, bottoming at around $2.55 not so long ago. But there has been quite some recovery ever since. Here are the key highlights of the last week or so:

• Sandbox continues to build significant upward momentum in the recent rally.

• The coin could target $4.4 in the coming days if current trends hold

• A run towards $4.4 will deliver gains of up to 30% from the current price

Data Source: Tradingview 

Sandbox (SAND) – Is $4.4 likely?

There has been a lot of good news coming from Sandbox (SAND) in the last few days. One notable development has been a new partnership with HSBC, one of the biggest banks in the world. There has also been a massive flow of institutional money towards SAND. 

These positive developments have also been reflected in the price. After bottoming at $2.55 at the end of January, SAND has rebounded. It has rallied by nearly 40% from its lowest level this year, and it looks like this upward trajectory will last even longer. 

First, the RSI on the chart is showing a bullish trend. SAND is also well above its 55-day SMA and has managed to breach a crucial resistance of $3.44. As a result, we expect the coin to surge towards $4.4 in the near term. If bulls are able to smash past $4.4, then we could see SAND test $6.2 and even $7.4 in the medium term.

Why are investors holding Sandbox (SAND)

There are several reasons. First, SAND has incredible bullish momentum right now and as such, opportunities for a decent return in the near term are high. 

From a longer-term perspective, metaverse coins are expected to grow further this year. SAND is one of the main coins in that category and as such, it makes sense to hold it for longer.

The post Sandbox (SAND) is gaining upward stream – Is $4.4 coming next? appeared first on Coin Journal.

CRO sponsorship of the world cup likely to drive its price in 2022

Key Points:

• With speculation rife that Ripple could win against the SEC, XRP prospects look good. 

• CRO continues to increase in value as the Crypto.com network grows in adoption. 

• While both XRP and CRO are good investments, CRO has better odds due to its sponsorship of the upcoming Football World Cup. 

Ripple XRP/USD has long held its position as a top 10 cryptocurrency. Despite having a lot of challenges regarding the lawsuit by the SEC against Ripple and its founders. With speculation high that the lawsuit could end soon, and in Ripple’s favor, optimism around XRP remains high. Now that the broader market is turning bullish again, a change in fortunes in the case against Ripple could see XRP emerge as a top-performing cryptocurrency in the short to medium term.

Besides the speculative aspect of it, XRP has a pretty strong use case in payments. It is already adopted by multiple banks in Asia and continues to grow as a fast, efficient, and low-cost method for sending money value globally. This use case pretty much cements XRP’s potential to gain in value.

On its part, Cronos CRO/USD is part of the Crypto.com network a blockchain payment system that makes it easy for people to trade crypto and use cryptocurrencies for payments without compromising privacy or security. Like XRP, Cronos (CRO), the native token of the Crypto.com network, has been growing in adoption, signaling to the underlying value of the network. As the market turns bullish again, CRO has what it takes to perform well.

Why CRO could outperform XRP

While CRO and XRP have growth potential, CRO is in a unique position in terms of short-term gains. This has all to do with the upcoming world cup in Qatar. Cronos will be among the official sponsors of the World Cup that will take place in November 2022. Given that the World Cup is watched by millions of people globally, this sponsorship’s publicity could trigger adoption at scale and, by extension, FOMO around the CRO token.

Summary

XRP and CRO are gaining in adoption in the fast-growing payments market. While both have high growth potential, CRO has better odds short term due to the upcoming World Cup in Qatar, where it is one of the official sponsors.

The post Why CRO could outperform XRP in the short-term appeared first on Coin Journal.

After the recent hack on Axie’s sidechain, money could flow more into SAND

• Sandbox is one of the fastest-growing play-to-earn gaming platforms, with growing adoption.

• Axie Infinity is a play-to-earn gaming platform with crypto’s most expensive NFT collection.

• While both are good investments, AXS could underperform SAND after the Ronin network attack.

Sandbox SAND/USD is one of the best-known play-to-earn gaming platforms today. The popularity of Sandbox games has been instrumental in the rise of SAND’s value since 2021. However, besides play-to-earn gaming, Sandbox has been venturing into other things that could trigger significant value growth for SAND. For instance, Sandbox has agreed with Warner Music that would see virtual concerts take place inside the Sandbox Metaverse. This, coupled with the growing interest in the Metaverse, makes SAND a potentially good cryptocurrency to buy in 2022.

On its part, Axie Infinity AXS/USD is an equally strong play-to-earn gaming platform. It is the largest play-to-game platform globally and has an NFT collection whose value is second to none. Due to its edge as a market leader, Axie Infinity is likely to get even more popular as play-to-earn becomes more important in the gaming industry.

Why SAND holds an edge over AXS

While both SAND and AXS have strong prospects in the long run, SAND could outperform in the short term. This has a lot to do with the negativity around Axie Infinity’s recent hack. A few days ago, it was revealed that Axie Infinity’s Ronin Network was attacked, and $600 million worth of Ethereum was stolen. Since such events usually create market panic, AXS is likely to rag behind SAND even as bullish momentum returns to the market.

Summary 

Sandbox is a play-to-earn gaming platform that is one of the fastest-growing in the Metaverse ecosystem. On its part, Axie Infinity is one of the largest play-to-earn gaming platforms in the market and has one of the most expensive NFT collections in crypto. While both will perform well long-term, the recent attack on Axie Infinity’s Ronin network could see it underperform SAND in the short term.

The post Sandbox could outperform Axie Infinity after Ronin attack appeared first on Coin Journal.