Kategorie: Altcoin News

The crypto industry always has its highs and lows. While 2021 was the year of highs, in 2022 things have not really kicked the way we hoped. For this reason, it can be quite hard to find unique coins that have the potential to deliver superb gains. But here is why this is the perfect time to buy:

• The market has dipped significantly, so most coins are selling cheap

• The likelihood of a relief rally after months of decline is very high

• As other asset classes also fall, investors may look into crypto to diversify their portfolios

So, in case you are searching for projects that can deliver at least 2x growth in the coming weeks, these three below should be great.

VeChain (VET)

VeChain, like most coins in the market, has simply crashed from its all-time highs that we saw back in 2021. In fact, the coin is more than 10x cheaper than it was at the time. This creates a very decent dip that could provide some good opportunities for growing your investment. 

Data Source: TradingView

Now, we are not suggesting that VET will somehow regain its ATH in a few weeks. But this is one project that still has the potential to grow by at least 2x in the near term.

Decentraland (MANA)

We have also seen many metaverses and P2E gaming tokens fall further this year. In fact, at the turn of 2022, MANA boasted a market cap of around $5 billion. That value has since dropped massively to around $1 billion. At one point, MANA even went below the billion mark. We expect the coin to rebound though, and at least hit $2 per coin.

ThorChain (RUNE)

ThorChain has often been an underrated project. It has so much to offer and yet the price action has never reflected this. The recent decline also means that RUNE is now heavily discounted. When the market rebounds, it is likely to see additional gains too.

The post Three coins that could double in price in the coming weeks appeared first on Coin Journal.

Axie Infinity (AXS) is now starting to report some bullish consolidation. The coin had declined steadily since May 12, and there were worries it could retreat below $10. However, we are seeing signs of improvement, in fact, AXS could break out over the coming days. Here are some key facts:

• AXS is consolidating above the crucial $20 and has done so in the last 24 hours.

• This will likely trigger a bull run that takes the coin toward $27.

• AXS must however maintain the $17.98 support for this thesis to hold

Data Source: TradingView 

Axie Infinity – How it can swing 50% up

The bullish consolidation we are seeing with AXS comes after a period of decline. As a result, it could suggest that the coin is about to break out of its long-term downward trajectory. The key to watch though will be the $17.98 support. If the price action stays above this and manages to gloss over $20 at the end of trading today, then AXS will break.

In the end, the coin will likely settle at around $27 before its retreats. This will deliver gains of nearly 50% for AXS bulls. There is also another setup worth noting. A run towards $28 may not happen all at once. In fact, it is possible that AXS will try to test the $23.19 resistance first. 

The coin may be rejected at this price, after which it may fall back below $20. This is just a temporary setback. We expect AXS to surge past $23.19 even if it fails on the first attempt.

How will AXS perform in the future?

AXS has suffered a lot this year. The coin is ten times cheaper from its $200 highs just a few months ago. 

We expect this weakness to start abating during the second half of the year. Eventually, AXS could still hit $100 before 2022 is out.

The post Axie Infinity (AXS) set for a 50% upswing in this bullish thesis appeared first on Coin Journal.

There are two types of crypto investors. The first category of investors is those who buy crypto to hold for long periods of time. There is also an army of traders who buy and sell crypto within days or weeks. Either way, everyone wants to make some return on capital. Here is why short-term trading for crypto makes sense:

• Crypto assets are highly volatile, allowing for quick returns with the right entry price

• Many exchanges today offer leveraged crypto derivatives trading

• There is a huge variety of legit coins to buy and sell after a short time.

If you are looking to earn short term profits in crypto, the coins below should provide some outstanding options:

Algorand (ALGO)

Algorand (ALGO) is ranked among the top 50 crypto coins in terms of value. After a period of decline, the coin appears to be back on an upward trajectory once more. We expect this uptrend to continue this week.

Data Source: TradingView

In fact, ALGO will likely return around 10 – 15% before the end of the week. So, for short-term buyers, you can enter at $0.4 or thereabout. Exit once you are 10% on the green.

ApeCoin (APE)

Apecoin, a popular NFT-backed coin, started trading just a few weeks ago. It has managed to shoot up to a market cap of around $2.4 billion. However, we think APE still has a lot of downside risks. 

At the moment, the coin is trading at around $8.23. It’s below a crucial resistance zone of around $8.8. The coin will try to test this resistance in the days ahead. However, it is likely to be rejected and fall back to $6. Short it for a week or so.

There are also a few other coins you can consider for short-term plays. A buy for Decentraland (MANA) looks good, while a short-sell for Tezos could also offer decent returns.

The post Top coins to buy for quick short-term gains appeared first on Coin Journal.

Cronos (CRO) is starting to attract growing demand after selling off in recent weeks. The coin appears to have a significant upside for more gains this week despite slowing investor sentiment in the market. CRO has now established a bullish setup with potential double-digit gains in the short term. Here are some crucial pointers:

• CRO has managed to overcome the crucial $0.202 resistance zone in the last 24 hours

• This could trigger a decisive break that will settle at $0.249

• CRO will however need to close above $0.173 today for this thesis to hold

Data Source: TradingView 

Cronos price prediction and analysis

May hasn’t been good for CRO and its investors. The coin has fallen from its highs of $0.5 to below $0.2, a loss of around 60% in two weeks or so. But it is clear that the worse is over for now. We do not anticipate any major sell-offs for CRO in the days ahead. 

If anything, the coin is likely going to consolidate above $0.2. This comes after CRO managed to turn this crucial resistance zone into support. If indeed CRO bulls are able to keep the price above $0.2 by the close of trading today, we will see a decisive run that takes the coin towards $0.249. This will represent a gain of around 20% from the current price. 

However, downside risks still remain. If CRO fails to hold $0.2 and falls below $0.17, then this bullish setup will be invalidated. Instead, the coin could crash to $0.139 before its next run.

Should you buy CRO for the long term?

The short-term outlook for CRO is positive. But it also comes with significant downside risks. If you plan to profit from this coin, a long-term play is indeed worth it. 

We expect CRO to return to $0.5 in the coming weeks and even surge further by the end of the year.

The post Cronos (CRO) could rally by at least 20% over the coming days appeared first on Coin Journal.

Fantom (FTM) is trying to reverse its downward trend after falling sharply over the last two months. The coin has stabilized and is looking to begin a steady upward rally to try and recover some of the losses. However, this bullish outlook remains very short term. Here are the facts:

• FTM has lost nearly 90% in value over the last 7 weeks.

• The coin is however showing signs of an instant trend reversal after 24-hour gains of around 16%.

• Fantom remains below crucial DMAs, suggesting more weakness could come.

Data Source: TradingView 

Fantom (FTM) – How far can it rally?

After shedding a lot of value over the last few weeks, FTM has shot up almost instantly. There are signs that the long-term downward trend is reversing, and more gains could come in the coming days. However, Fantom still remains pressured under several resistance zones. 

While it is now testing $0.5, we don’t see any further upside above $0.6. Besides, FTM has managed to lift itself up quite substantially after bottoming at $0.27 in Mid-May. In fact, the coin has added nearly 50% in value from its lowest price this month. It is likely that this decisive upward run will lose momentum in the days ahead. 

As such, we expect FTM to remain below $0.5 at least for another week. However, if fantom bulls can somehow pull off a miracle and smash past the $0.6 resistance, FTM could surge towards $1 by the end of the month.

Should you buy FTM?

FTM has largely underperformed the entire market. Although most major coins are down in 2022, Fantom has reported sharper declines partly due to major ecosystem news. 

But this does not change the fact that Fantom remains a very decent crypto project. So, even though the prices right now are unpredictable, FTM still has so much value to offer in the longer term.

The post Fantom (FTM) stabilizes after falling nearly 90% in less than 2 months appeared first on Coin Journal.