Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

Veröffentlicht am

This caveat should get investors worried as NEAR recovers sharply from 2022 low

After seeing a major sell-off at the beginning of the year, The Near Protocol (NEAR) appears to have fully recovered. In fact, the coin started to pair up losses well before the entire market rebounded and has since maintained this uptrend. Here are some details:

  • Since the end of February, NEAR has risen steadily in price.

  • The coin has breached various crucial resistance zones in the process.

  • But increased liquidation of long positions could spell doom for the altcoin.

Data Source: Tradingview 

Near Protocol (NEAR) – Understanding the risks

The steady jump that NEAR has reported since the end of February has been quite impressive. The coin is now trading well above its 200- and 50-day simple moving averages, something that indicates bullish momentum. 

In fact, NEAR is one of the few coins in the top 20 that has managed to breach the 200-day SMA. The RSI is also indicating that further upside is coming. The coin could surge past $20 in the days ahead. But despite this impressive uptrend, there is one thing that should get investors quite worried. 

According to data provided by Coinglass, there has been a significant increase in liquidation for long positions. This essentially means that investors who had bought NEAR to hold it for a long period of time are already out of money. What is now left is a huge portion of short positions which are very prone to profit-taking. If this happens, which is quite frankly very likely, the uptrend NEAR has reported will slow significantly.

Why should you buy NEAR anyway?

Despite this downside risk, NEAR is still bullish, and it has a very good chance of posting more gains in the near term before any pullback. However, it would be best to lock in profits once the coin touches $20. This will still represent a net gain of around 25% from the current price.

The post This caveat should get investors worried as NEAR recovers sharply from 2022 low appeared first on Coin Journal.

Veröffentlicht am

Top cryptocurrencies that are facing major corrections right now

The last week of March has probably been one of the best for crypto this year. Coins have been on the rise and it seems the momentum is not about to slow down. But as with every strong uptrend, corrections are indeed inevitable. Here is why we think a pullback is coming:

  • Bitcoin and other major caps have stagnated after the recent uptrend

  • Short-term buyers have largely driven this surge and will take profit at some point.

  • It seems like the continued rise was seen in the last two weeks has lost strength.

There will however be coins that will face major corrections than others. We have created a list here to check out:

PancakeSwap (CAKE)

PancakeSwap (CAKE) has actually surprised many analysts with its recent uptrend. The coin did not seem like it hard any buyer demand but has somehow managed to pull up in the market. CAKE has now added at least 30% to its value over the last week. 

Data Source: Tradingview 

But looking at the price action today, CAKE has slowed in fact, even though the coin has reported modest gains, it has failed to overcome overhead resistance. We expect a small correction to follow in the days ahead.

Skale Network (SKALE)

Skale Network (SKALE) was also another major surprise. The coin was just teetering, and all of a sudden, it shot up from nowhere. SKL has now gained 112% in the last week, with 35% of that coming in the last 24 hours. The token will likely add more gains before it finally corrects in the near term.

IOST (IOST)

IOST (IOST) has also pushed its uptrend to a whole new level, adding around 80% in gains over the last seven days. But even though the coin doesn’t seem like it’s about to slow down, at some point bullish momentum will die. This may in fact happen sooner than you think.

The post Top cryptocurrencies that are facing major corrections right now appeared first on Coin Journal.

Veröffentlicht am

Top 3 crypto coins to buy before the market gets bullish once again

There are now signs that the crypto market is on a path toward full recovery. After a terrible start in 2022, a lot of coins in the market have started to show positive momentum. We are at the beginning stages of a crypto rally in the coming weeks, and here is why:

  • Investor sentiment around major coins has improved massively.

  • We have seen most coins gain important momentum in the last few weeks.

  • Inflationary pressure and risky equities are pushing investors towards crypto.

So, if you have been waiting for this bull run for some time, there are a few coins that would be worth getting. Here they are:

Cardano (ADA)

Over the last week, Cardano (ADA) has been on fire. The coin has established this strong uptrend and has managed to cross past several crucial indicators. Although the coin slowed a bit over the last few days, the overall outlook remains very positive. 

Data Source: Tradingview 

We expect ADA to continue the upward ascend in the days ahead. It is therefore a great buy for bulls who want to ride this momentum and cash in some profits.

Near Protocol (NEAR)

We have seen NEAR slow down even as other coins in the market rise. The coin has however managed to pick up some momentum and has since crossed past various crucial resistance zones. The only way for NEAR is up right now. As sentiment improves in the market and investors pour more capital into crypto, you can expect some positive price action from NEAR.

Internet Computer (ICP)

Despite gaining 20% over the last 7 days, ICP has also been quite slow compared to the rest of the market. We expect this to shift in the days ahead, with more gains coming in Q2. ICP has the potential to deliver at least 30% in the next bull run.

The post Top 3 crypto coins to buy before the market gets bullish once again appeared first on Coin Journal.

Veröffentlicht am

These 3 Decentraland (MANA) alternatives could blow up in the coming months

Decentraland (MANA) is one of the biggest metaverse projects in crypto right now. But it is not alone in fact, many new projects have been coming up, and they are far cheaper and less risky. But why would you even be considering getting an alternative to MANA? Well, here are some facts:

  • Decentraland appears to have very limited upside potential.

  • Investors are always looking for new, more exciting projects.

  • There is a lot of room on the metaverse for a lot of coins to shine.

With that in mind, we decided to come up with a list of MANA alternatives that have immense potential. Here they are:

Genesis Worlds (GENESIS)

Genesis Worlds (GENESIS) dubs itself as the 100-year metaverse. Its concept is largely based on how Decentraland works. In essence, users get to buy virtual real estate and other virtual items that are backed by NFTs. 

Data Source: Coinmarketcap.com

However, Genesis offers a more immersive virtual experience and is also adding social and gaming elements into its metaverse. What makes this project so exciting is the fact that it still has a market cap of around $1.4 million. The potential for growth is huge.

Terra Virtua (TVK)

Terra Virtua (TVK) is a blockchain project which is planning to combine NFTs and virtual reality fully. The aim of this project is to give users a way to interact with digital collectibles in an immersive experience within the metaverse. There will also be a virtual marketplace within the metaverse where users can sell and buy NFTs.

CEEK VR (CEEK)

CEEK VR (CEEK) is music and entertainment-centered virtual universe where artists can monetize their content within the metaverse. The aim is to promote virtual performances and concerts as well as celeb-inspired virtual communities. CEEK is a highly undervalued project with so much potential for growth.

The post These 3 Decentraland (MANA) alternatives could blow up in the coming months appeared first on Coin Journal.

Veröffentlicht am

Dotmoovs (MOOV) price is soaring and it’s up 228% today: what is fuelling the uptrend?

Several metaverse cryptocurrencies have been bullish as the crypto market traded sideways this week and one of the coins namely Dotmoovs (MOOV) has rallied by more than 228% today.

At press time $MOOV was trading at $0.02192 up 228.72% having hit a daily high of $0.02528. It has a trading volume of $6,725,055 and a market cap of $7,997,493.

This article explains the factors behind the current surge of Dotmovoovs (MOOV) price.

What Is Dotmoovs (MOOV)?

Before taking a deep dive into the current bullish trend, it’s important we first explain what Dotmoovs (MOOV) coin is.

Dotmoovs (MOOV) is the native cryptocurrency of Dotmoovs, a peer-to-peer sports competition platform with an Artificial Intelligence (AI) algorithm that offers incredible Metaverse competitions and rewards winners using MOOV tokens.

By using AI technology, Dotmoovs provides a play-to-Earn metaverse for users to participate in. At the moment, the platform has two types of sports: Dance with robust AI as the judge and freestyle football with an AI-powered referee to make judgments during competition.

Dotmoovs also has a marketplace where users can purchase and collect NFTs.

Why is Dotmoovs (MOOV) price rising?

The main reason for the current surge of MOOV price is the hype around the upcoming release of the Dance Section.

  • Dance section release

Once the Dance Section is launched, Dotmoovs’ users will be able to hold dance competitions and challenges within the app. It can be compared to TikTok and it will probably make Dotmoovs market valuation shoot to the moon.

According to Dotmoovs’ team, the Dance feature will be launched during International Dance Day on the 29th of April this year.

With the current bullish trend, it is clear that the market is extremely excited about the release of the upcoming launch of the Dotmoons Dance section.

The post Dotmoovs (MOOV) price is soaring and it’s up 228% today: what is fuelling the uptrend? appeared first on Coin Journal.