Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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BAYC’s Apecoin (APE) surges by over 80% just a few days after launching

Apecoin (APE) appears to be the next big crypto in town, at least based on the performance over the last few days. The token, which is linked to the Bored Ape Yacht Club NFT project, has been surging today, and it doesn’t seem like it’s about to stop. Here are some of the details:

  • At press time, Apecoin (APE) was up nearly 80% in 24-hour intraday trading

  • The coin just launched a few days ago on FTX

  • It is the native token for the Bored Ape Yacht Clube NFT project.

Data Source: Tradingview 

Apecoin (APE) – where does it go next?

Apecoin (APE) was listed on the FTX exchange for the first time. As with many initial launches, there was a lot of volatility. In fact, at one point APE was trading as high as $40, only to crash to $6.3. But that early volatility has started to ease off. 

APE is consolidating its demand and at press time, it had surged by over 85%, trading at around $14.3. The Apecoin is one of the major NFT coins released this year. It is linked to the Bored Ape Yacht Club or BAYC, an NFT collection that has seen sales hit millions of dollars. 

The 85% surge today is likely to pull back as early investors cash in. We expect APE to finally stabilize between $10 and $12 by the start of the week.

Is Apecoin (APE) worth buying?

NFTs are no doubt capturing the imagination of a lot of investors. After they reported a lot of growth last year, it is likely that in 2022 and even beyond, NFTs will become a huge part of the crypto industry. 

In that case, projects that give you more exposure to NFTs are always highly recommended. The Apecoin (APE) is a perfect example of such a project. The fact that it’s also new also makes it a good option.

The post BAYC’s Apecoin (APE) surges by over 80% just a few days after launching appeared first on Coin Journal.

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Lucky Block (LBLOCK) is surging today – Here is the road map to $0.1

Lucky Block (LBLOCK) has been surging today. Although most coins in the market are posting some gains, LBLOCK is on another level. But could this signal a sustained bullish run that will take the coin to $0.1? It remains to be seen, and here are some facts to keep in mind:

  • Surging to $0.1 will mean Lucky Block (LBLOCK) will grow nearly 100x.

  • It’s the second day in a row the coin has posted double-digit gains.

  • At the time of writing, it was trading at $0.0048, up around 20%.

Data Source: Tradingview 

Lucky Block (LBLOCK) – is $0.1 a bridge too far?

Well, Lucky Block (LBLOCK) is a coin that has a lot of potentials. But for it to hit $0.1, it will need to deliver gains of almost 100x. This is not unprecedented in crypto, but there are many barriers right now. 

The key thing to note though is that Lucky Block (LBLOCK) has actually not been listed in any of the major exchanges out there. This gives it huge upside potential. Typically, coins can explode in value once they start to enter the main exchange platforms.

Lucky Block (LBLOCK) is also undervalued. It has a market cap of around $140 million, but it could be bigger. The road to $0.1 is not impossible. But it will take a bit longer. This is because conditions in the market right now are not that good.

Is Lucky Block (LBLOCK) a good asset?

Lucky Block (LBLOCK) is trying to build a global lottery using the power of blockchain technology. It’s an innovative concept that could open the door for more betting-related services. 

Based on that alone, it looks like a decent buy. Besides, the project has been attracting a lot of capital and backing from investors. It’s only a matter of time before it becomes huge in the crypto market.

The post Lucky Block (LBLOCK) is surging today – Here is the road map to $0.1 appeared first on Coin Journal.

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1Inch (1INCH) pulls back after 24-hour surge – What does the future hold?

As the crypto market shows some bullish signs today, 1Inch (1INCH) had posted impressive gains in 24-hour intraday trading. But those gains have pulled back. The coin was under a lot of pressure in recent weeks. It seemed for a moment things were finally looking up. But how far can today’s rally go? Here is what you need to know first:

  • 1INCH still remains bearish despite the recent surge in the price.

  • The coin has lost 85% from its all-time highs too.

  • At the time of writing, 1INCH was trading at around $1.49

Data Source: Tradingview 

1Inch (1INCH) – Predictions and analysis

It’s not that long ago when 1INCH was hitting an all-time high of $8.29. This in fact happened at the end of 2021, and there was a lot of hope that 2022 could be huge. But things have not really taken off. 1INCH has now tanked, and at one point, it was just hovering around $1.

But there are signs things may start to turn. First, the coin has managed to cross over a crucial overhead resistance of $1.39. 1INCH has consolidated above that price and is now trying to trigger sufficient demand for a bullish break. But we do not see enough upside right now to push the token above $3.

It will take time before those $8.39 highs are repeated. But in the short term, 1INCH could still hit $3 before it pulls back once more.

What is the value of 1Inch Network (1INCH)?

1Inch Network (1INCH) is a network that hopes to create a collection of fast-growing decentralized protocols. The aim is to provide a robust infrastructure where people or organizations can launch innovative blockchain solutions. 

The project has received a lot of investment and still has some potential to deliver real gains in the long run. It currently has a market cap of around $600 million.

The post 1Inch (1INCH) pulls back after 24-hour surge – What does the future hold? appeared first on Coin Journal.

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Gala Games (GALA) Could rise above the crucial 20-day EMA

Gala Games Logo

The metaverse wipe-out we saw during the last week has pushed a lot of coins way lower from yearly highs in 2022. Gala Games (GALA) has not been spared, and the coin has been on a massive downturn since the end of February. But are there signs of a recovery? Here is what we know:

  • GALA could rise above its 20-day EMA in the days ahead.

  • The EMA will create important support for price consolidation in the near term.

  • The meta coin was trading at $0.22 at press time.

Data Source: Tradingview 

Why does the 20-day EMA matter for GALA?

Trend reversals are very crucial in technical analysis. In most cases, when coins have dropped consistently over a long period of time, bulls are often watching for the right trend reversal to buy. For GALA, rising above its 20-day EMA of $0.28 could signal a trend reversal is coming. 

This will in turn trigger a buying frenzy that will push the meta coin well above $0.36. This will be almost 80% above the current price which is presently at $0.22. The most important indicator to watch in this setup is the $0.21 support. 

The bulls will need to defend this zone and create enough momentum for the next leg up. If GALA falls below that threshold, it will be very hard to see any recovery. In fact, the coin could easily bottom to $0.17 before it rises again.

Why is Gala Games (GALA) trending lower?

Much of these losses were occasioned by news that Meta Platforms, one of the key tech drivers in the metaverse, missed earnings expectations. But the high market volatility due to economic and geopolitical pressures has played a big role. 

This volatility is sadly here to stay for the foreseeable future. But even with that, overall, the longer-term outlook for GALA remains largely in positive territory.

The post Gala Games (GALA) Could rise above the crucial 20-day EMA appeared first on Coin Journal.

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Fantom (FTM) surges by nearly 15% after getting listed on eToro

eToro has confirmed that it has listed Fantom (FTM) into its trading platform. The social trading platform also listed Theta Network as well. The move is expected to be huge for Fantom, which has recently come under massive selling pressure. Here are some of the details.

  • Shortly after the eToro listing, Fantom (FTM) went up by around 15%.

  • The coin did pull back slightly and was trading at $1.2 at press time.

  • eToro is one of the biggest trading platforms in the world.

Data Source: Tradingview 

What does the listing mean for Fantom (FTM)

Getting listed on major exchanges like eToro will always be positive for any crypto. It’s the reason why Fantom (FTM) was up by a whopping 15% shortly after the news broke. We also saw trading volume jump by nearly 75% in 24 hours. This suggests that there were a lot of people trying to buy the coin via eToro.

There are now 57 main cryptocurrencies trading on the platform, with FTM and Theta being the latest. It is likely that we are going to see a sustained surge in trade volume and price for FTM in the coming days. Despite this, the medium-term outlook for the coin still remains very risky. 

Just recently, Fantom saw a massive drop in Total Value Locked after one of the key developers left the project. While the price has stabilised from the wipe-out we saw last week; investor confidence remains very weary.

What’s the future of Fantom (FTM)

The sudden fall in TVL was a big red flag for Fantom investors. But there is no arguing that this is a very promising DeFi project, and more is yet to come from it. 

We do expect the coin to rebound in the near term and the listing on eToro will help to speed this up. As of now, Fantom still remains a decent project.

The post Fantom (FTM) surges by nearly 15% after getting listed on eToro appeared first on Coin Journal.