Kategorie: Altcoin News

 A lot has happened since the year began in the crypto space, from the bearish run of January to the stance of the United States on cryptocurrencies. However, that shouldn’t stop you from watching out for some cryptocurrencies. They include:

1. Cardano (ADA)

 Cardano is the first open-source platform to use the Ouroboros- a novel proof of stake consensus algorithm. It is a flexible, scalable, secure, and energy-efficient blockchain. 

Due to using a peer-review mechanism, it is one of the most stable smart contract platforms, having over 1,200 smart contract scripts so far. There are plans to improve its scalability by launching the Hydra protocol.

A decentralised application, SundaeSwap, was released on the Cardano ecosystem; this might its price movement. ADA is the native token of the blockchain and there’s over 32 billion in circulation right now. Experts believe that ADA is currently undervalued. It costs $1.20 right now with a market cap of $38.4 billion.

2. Aave (AAVE)

Aave is one of the emerging decentralised finance (DeFi) platforms that aid borrowing and lending in the crypto space. The financial services are conducted in the absence of an intermediary at low fees and high-interest rates with increased security and transparency. 

It was released on the Ethereum blockchain and allows creating lending pools. Asides from this, it supports Aave clearing, Aave gaming, and Aave pay.

 Aave recently announced the release of a decentralised social media platform, Lens, on Polygon. As of today, its native token, AAVE, is worth $189.09 and can be staked or used to participate in governance. It has a max supply of 16 million, with 13.5 million in circulation right now. It reached an ATH of $661.67 in May 2021.

3. Ripple (XRP)

 Ripple is an open-source platform that supports payment and remittance among banks and financial middlemen. It supports the transaction of any form of currency at low cost and high speed. Although it is currently undergoing a lawsuit with the Securities and Exchange Commission (SEC), experts believe winning the case would support its adoption and price.

The native token, XRP, is used to provide liquidity for transactions on the platform and can be traded on other platforms. It costs $0.89 as of today after rising by over 22% in the last few days. It is ranked 6th right now and has a market cap of $38.7 billion. 47.8 billion of the 100 billion max supply is in circulation now.

4. The Sandbox (SAND)

 The Sandbox is a metaverse created on the Ethereum blockchain that supports the creation and monetization of ASSETs and gaming experiences. It is powered by a decentralised autonomous organisation (DAO) and hosts non-fungible tokens (LAND and ASSET). It is in partnership with Snoop Dogg, UniX Gaming, Warner Music Group, and Ubisoft.

SAND is the native token of the metaverse. There is a max supply of 3 billion, and 1 billion is in circulation right now. It reached an ATH of $8.40 in December 2021 but is trading at $4.77 right now. It has a market cap of $4.9 billion.

5. Floki Inu (FLOKI)

 Floki Inu is a copy of the Shiba Inu based on Elon Musk’s Shiba Inu dog. It was created on the Ethereum blockchain. It plans to be more than a meme coin with some utilities to its name. This includes a play-to-earn game called Valhalla, a merchandise and NFT marketplace (FlokiPlace), and a content education platform (Floki university).

 FLOKI is the native token for accessing the applications on its ecosystem. It has dropped by 83.4% from its ATH ($0.0003365) in November 2021, and it’s currently trading at $0.00005569. It is believed to be the next big meme coin.

Closing thoughts

Cryptocurrency investment is extremely risky, do not dive in without doing proper research. Also, deal wisely and invest only what you can lose.

The post Top 5 Cryptocurrencies to watch in February 2022 appeared first on Coin Journal.

Key Points: 

• Both Solana and Terra went parabolic in 2022.

• Solana and Terra could outperform the market again in 2022. 

• Solana’s security issues favour LUNA outperforming SOL this year.

Solana (SOL)

Solana is a blockchain platform that enables developers to create and run decentralised applications, or Dapps for short. It has been designed with scalability in mind so it can process high numbers of transactions without slowing down user experience like other blockchains. It has lower transaction fees and can process more transactions than other blockchains, making it faster in many ways.

Terra (LUNA)

Terra is a public blockchain protocol that creates stablecoins by using open market arbitrage incentives and decentralised Oracle voting. The result? Stablecoin holders can spend, save or trade their coins instantly across all major platforms with no transaction fee! Users get staking rewards as well as governance power in return for holding onto these tokens.

Which one is a better buy?

Both Solana and Terra had an amazing year in 2021. Now that bulls are returning to the markets; both could perform well. They could easily retest or surpass their most recent highs.

However, comparatively, Terra could give higher gains than Solana. That’s because Solana has experienced downturns recently that have put a dent to its credibility. Even a grayscale report on crypto pointed to this as a risk factor for Solana.

This is a factor that could easily see it experience more volatility when compared to Terra. Terra on the other hand has a lot going for it at the moment. It has built a reputation as one of the best cryptocurrencies for the launch of algorithmic stable coins.

Currently, Terra is the second-largest DeFi platform in the market, second only to Ethereum. This is a feat it has achieved in less than one year. With the demand for algorithmic stable coins on the rise in the market, LUNA has what it takes to grow exponentially since it is the power behind the Terra ecosystem.

The post Solana v Terra – Why LUNA could outperform SOL in 2022 appeared first on Coin Journal.

The element of surprise in the crypto market is not new. The fact that these markets are highly volatile means that we are always getting new developments every day. Its also quite difficult to predict the crypto market. However, there are some coins we think will be a huge surprise based on how they perform. Here is why:

• These coins already have a history of unusual price actions and have often moved against trends before.

• We also think that the tokens are relatively underrated or misunderstood by the market.

• Most of these end-of-year surprises will be either pleasant or unpleasant, but not many people will see them coming.

If this sounds interesting to you, here are the top coins that will surprise us by the end of 2022 and why.

The Sandbox (SAND)

As one of the leading metaverse-related tokens right now, there has been a lot of talks that Sandbox (SAND) will surge to incredible heights in 2022. We in fact saw some institutional capital going towards it. 

Data Source: Tradingview

But SAND is facing massive downside risks, especially with increased competition in the metaverse space. It may not deliver the skyrocketing returns most people are pegging it to.

Dogelon Mars (ELON)

The general appetite towards meme coins right now has slowed. We have seen some demand over the last few days but if broader sentiment in the market drops, meme coins will be the first to take the hit. 

It is therefore understandable that a lot of investors are trying to minimize exposure to meme coins like Dogelon Mars (ELON). However, expect meme coins and ELON, in particular, to surge massively this year. Yes, we may never be able to see Shiba Inu-style growth levels. But ELON appears to have enough potential to grow further in the future.

The post These cryptocurrencies will surprise most investors by the end of 2022 appeared first on Coin Journal.

Luntivo Finance has announced that it is launching a limited-time coin offering that will run from February 8 to March 28th. The plan is to make its native governance token available to early-bird investors. But should you consider this new project? Here is what we know thus far:

• Luntivo Finance is an innovative decentralised exchange that has more features than a traditional DEX.

• It is hoping to use the limited coin offering to bring widespread adoption of its LTVN token.

• Luntivo Finance is the first DEX on Terra, one of the fastest-growing blockchains in the world today.

Data Source: Tradingview.com 

Luntivo Finance (LTVN) – Is it a good buy?

We cannot do any price analysis now since this is a token in pre-sale. But one thing LVTN has going in its favour is the fact that it’s new. As with most crypto assets, getting early is always a great thing. 

But not all early-bird investors get to make money. In fact, Luntivo Finance is a DEX. Yes, it offers additional features like secured asset funds for specialized tokens. But it’s still a DEX and there are plenty of those out there. 

While there is a lot of potentials that Luntivo Finance could in fact grow and earn you a decent return, it will not hit the kind of levels we see with blockchain projects. Despite this, it still remains a coin worth looking at.

What makes Luntivo Finance unique?

Luntivo Finance bills itself as an innovative DEX that is not only limited to crypto exchange. It also offers additional DeFi features as well. Although it is built on the Terra chain, Luntivo Finance uses the Cosmos SDK as part of its development. 

This makes it highly scalable compared to other DEXs out there. The native token LTVN is also now available in select DEXs and will likely come to major exchanges in the near term.

The post Luntivo Finance announces Limited coin offering – Should you buy? appeared first on Coin Journal.

Solana (SOL) has led most altcoins into gains over the last few days. SOL had in fact surged impressively, at one-point crossing over $140. But the coin failed to climb past a crucial; resistance zone. As a result, the bullish uptrend we saw is now reversing. Here are some highlights:

• After surging above $140, SOL has faced major resistance around $144 and has since failed to cross that hurdle.

• As a result, the altcoin has fallen sharply from these highs in fact, at press time, it was trading at $112.

• We are however seeing some directionless consolidation at $110 and we expect SOL to retest $144 soon.

Data Source: Tradingview.com

Solana (SOL) – Will it surge back to $135?

Well, technical indicators appear to suggest that SOL is looking poised for another uptrend. After surging to well over $140 over the last few days, the altcoin failed to clear the crucial resistance zone of $144. 

This weakness has manifested in the price action, with SOL now falling to $112. But we expect bulls to pick it up from here. In fact, SOL is likely to retest its weekly resistance zone of $135 and even surge past that towards $140. 

This will represent an upswing of nearly 20% from its current price. However, if SOL fails to hold the $110 support level, it could fall further towards $101 and eventually $93 in the near term.

Why investors are buying Solana (SOL)

Solana (SOL) is one of the most popular tokens right now. It has been attracting both individual and institutional investors by equal measure. 

Solana is seen as the most promising direct competitor to Ethereum. It offers better speeds, low fees, and outstanding scalability. Solana has also seen massive expansions in its ecosystem over the last few years. It is by far one of the most notable chains today.

The post Solana’s (SOL) bullish uptrend is reversing – Can the coin retrace momentum towards $135 appeared first on Coin Journal.