Kategorie: Altcoin News

Solana is one of the biggest blockchains in the world. The project was in fact referred to as the ultimate “Ethereum Killer” based on what it has to offer. Over the years, Solana has grown and is now attracting a series of play to earn and metaverse projects with massive potential. Here is why:

• Solana offers incredible transaction speeds for P2E and metaverse apps.

• The chain is also known for its low gas fees, making P2E more sustainable.

• Solana is a highly scalable and adaptable chain too.

So, if you are looking for potentially big P2E and metaverse investments, these three Solana based projects below should be worth it:

Star Atlas (ATLAS)

Star Atlas is a galactic themed game set in a vast metaverse. The game brings together three major factions where users can form guilds and build planetary empires. Each player needs an NFT backed spaceship to enter. Data Source: TradingView 

There are many rewards all throughout the game. Star Atlas is known for its epic gameplay, amazing graphics, and excellent features. It has also been attracting a huge number of players. It sure has a big future and is worth looking at.

Aurory (AURY)

Aurory is a role-playing game from Japan. The game is an adventure style metaverse with retro-style features. Players get various game modes. They can start off with a solo adventure or go on multiplayer modes where they engage with friends. There are tons of rewards within the game too, and so much to discover. The Aurory metaverse has also been expanding and adding incredible new features.

Genopets (GENE)

Genopets is a fun and exciting game that also doubles up as a lifestyle app for folks who love to get out. There are many NFT rewards too, and while the project is facing a lot of competition from other moves to earn games, it’s a great investment option.

The post 3 projects on Solana that could revolutionise P2E gaming and the metaverse appeared first on CoinJournal.

The Origin Protocol (OGN) has consolidated quite impressively over the past 7 days. The coin had seen a major sell-off in previous weeks. However, although the consolidation is a good thing for OGN bulls, the coin still remains very vulnerable to steep losses. Here are key points to note:

• OGN has gained nearly 50% from its lowest price in May.

• The recovery rally has started to slow, with OGN losing 11% in the last 24 hours.

• The coin will likely retreat further as short-term traders exit positions.

Data Source: TradingView 

Origin Protocol – How serious is the downside?

May was no doubt the worst month for crypto in 2022. As a result, OGN hit its lowest price in 2022 this month. While there has been a decisive recovery over the last 14 days, the token is now losing momentum. In fact, after falling 11% in the last 24 hours, OGN is about to lose the crucial $0.2 support. 

If this happens, the coin will be exposed to at least a 30% downside. This fall will likely settle on its 25-day EMA of around $0.15. However, IGN bulls still have a chance to avoid this. The most important thing will be to consolidate above $0.2. If OGN is able to close the day above this price, then we may see it test its next overhead resistance at $0.23. 

Despite this, smashing past $0.23 will be very hard in the near term. As such, it’s safe to assume that the upside potential for OGN remains capped at the moment.

Should you buy OGN or Wait?

Well, you can actually do both depending on the price action. For now, give it 24 hours. If the price is still above $0.2, then it’s a good time to buy. However, if OGN breaks below $0.2, then you can wait until it bottoms at $0.15 before getting in.

The post Origin Protocol (OGN) still vulnerable despite recent consolidation appeared first on CoinJournal.

At the start of May 24th, most coins in the market were trying to consolidate after a major crash a week prior. But Alchemy Pay (ACH) was in the process of breaking out in a massive bullish uptrend. The coin however has failed to keep up this momentum and appears to have lost most of its gains. Check out the facts below:

• ACH has lost nearly 80% of its value since the May 24th rally

• The coin continues to show weakness with a 24-hour decline of 15%

• However, the downtrend may slow down in the coming days

Data Source: TradingView

Alchemy Pay (ACH) – Price prediction and analysis

Alchemy Pay (ACH) has been on a long-term bearish trend. In fact, the coin has fallen sharply from its 2021 highs. However, when it rallied by nearly 80% in just a few days, there were some signs that we could see a trend reversal. These signs have now disappeared. 

Instead, ACH has returned to its bearish outlook and has wiped out nearly all the gains posted over the last two days. However, we believe the worst is now over. Although the coin appears to be heading for a brutal close today, it is likely the downtrend will slow at the beginning of trading tomorrow. 

But upside potential is still very sketchy. In the best-case scenario, ACH will likely hit $0.021, around 25% higher than its current price.

Why Alchemy Pay is going to be huge

Alchemy Pay is designed to offer hybrid payments across both crypto and fiat. Over the years, the platform has allowed over 2 million merchants around the world to accept crypto payments. This is a huge deal. 

As expected, the adoption of crypto as a real payment option in the real economy is inevitable. As such, platforms like ACH will likely benefit a lot from this surge.

The post Alchemy Pay’s recent 80% surge is now wiped out – What next appeared first on CoinJournal.

The Sandbox (SAND) was one of the main stand-out performers in 2021. The coin, and by extension most metaverse coins, saw insane gains. But since January, investors have been selling off SAND and as a result, the coin has literally crashed from its 2021 highs. But this also offers a long-term buying opportunity and here is why:

• Despite the price crash, The Sandbox metaverse continues to report decent growth.

• The crash also means that SAND is the cheapest it has been in months.

• We expect the coin to grow massively as metaverse adoption grows.

Data Source: TradingView 

The Sandbox – Price prediction

In the short term, there is very little to suggest that SAND will rally decisively. This has got nothing to do with the coin. Market conditions in crypto are quite uncertain and as you would expect, coins like SAND would struggle. The coin is now trading at slightly above $1. This is way lower than we expected at this time of the year.

SAND will likely surge towards its next resistance zone of $2.68 but it will be hard to cross that mark. Instead, expect more volatility in June as the market stabilizes. The $1 price is however the ultimate entry point for long-term SAND buyers. 

It’s hard to imagine the coin hitting this price ever again. And when you consider the potential that SAND has, this is perhaps the best opportunity to stock it up.

How soon will SAND recover?

Not very soon to be honest. The problem with crypto right now is that it’s correlating with equities. As stocks have fallen, crypto has also followed suit. It means that investors are worried about global economic concerns and geopolitical tensions. 

So, until we start to see some improvements in equity markets, SAND will likely remain suppressed. However, the coin has the potential to offer 5x this year alone.

The post The Sandbox (SAND) offers a long-term buying opportunity after a recent sell-off appeared first on CoinJournal.

Over the years, meme coins have become part and parcel of the crypto universe. While there have been many such coins released in recent times, only a handful have gone on to become huge. For this reason, it is always important to do extensive due diligence before you buy into a meme coin. Nonetheless, here is why these coins should be on your radar:

• Meme coins have the potential to grow very fast within a short time.

• Most meme coins are also adding more utility to their ecosystems.

• These coins can also be adapted to crypto payment systems with ease.

So, for those of you keen on investing in a few meme coins, we have three options here below that should be just perfect.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is no doubt the most popular meme coin in the world. In 2021, SHIB made a lot of people rich and continued to rank as one of the biggest coins in terms of market cap. With this big-name recognition, investing in SHIB offers relatively less risk. Data Source: TradingView 

Also, Shiba Inu has been adding more features to its ecosystem. It’s not just a meme coin. There are plans to launch the SHIB metaverse and plans to also integrate SHIB into modern crypto payments.

Akita Inu (AKITA)

AKITA is a relatively unknown and newer coin. This can be a good thing or a bad thing. However, with a market cap of around $30 million, there is enough proof of concept here to suggest that AKITA is legit. Also, this relatively low market cap opens AKITA for massive growth. This is a meme coin that could easily offer 5x growth with the right media coverage.

Dogs of Elon (DOE)

Dogs of Elon (DOE) is also another unknown meme coin with a credible reputation. So far, the coin has hit a market cap of around $21 million. It can therefore blow up anytime and deliver resounding gains.

The post Top 3 meme coins to put on your watchlist today appeared first on CoinJournal.