Kategorie: Altcoin News

Solana (SOL) has managed to surge past the psychologically crucial $100 mark. The coin is however only just above $100, and while this is a good thing, there may be more downside in the coming days. More analysis in the article but first, key takeaway notes:

• Despite surging above $100, SOL has failed to find support on the 50-day SMA of $105.

• SOL has also failed to significantly breakout over the last 30 days.

• More weakness will follow, and the altcoin will bottom at $75 before the next leg up.

Data Source: TradingView 

Solana – Why $75 is more likely

Every analysis of course has two sides. While we strongly predict a bearish trend for SOL in the near term, this prediction will become null and void if bulls can take SOL above $128. However, this appears highly unlikely in the days ahead.

In fact, looking at SOL’s trend over the last 30 days, the coin has struggled to sustain gains above its 50-day SMA of $105. We do not see any big changes in market sentiment to suggest that this time around, things will be different.

As such, although SOL is still above the psychologically crucial price of $100, we expect it to drop further. The coin will likely bottom at $75 or thereabout. This will represent a loss of 25% from the current price.

Is Solana still worth it?

Solana has always been a huge crypto project. But there are some investors who feel that the coin is not delivering on its potential. However, it’s only a matter of time before SOL gets to where it should be. 

In case you have not purchased it yet, you can wait for the price to bottom at $75 and step in. After that, just hold long-term or sell when the price breaks out once more. Either way. Solana will always be worth it for any crypto investor.

The post Solana (SOL) poised for a 25% drop – Here is why appeared first on Coin Journal.

The metaverse is seen as the next frontier of human interaction. However, the metaverse works in tandem with virtual reality. As such, most projects are trying to combine both of these aspects. Here is why metaverse and virtual reality are blowing up:

• There is huge interest from institutional investors, including large tech companies

• The time of metaverse and virtual interaction has finally come

• We already have supporting technologies that will make this a reality

Well, if you are trying to find creative crypto projects that will unleash the metaverse and virtual reality, we have some below:

Solana (SOL)

Solana (SOL) is more of a blockchain infrastructure than a specific metaverse or virtual reality project. But infrastructure is crucial in the growth of virtual reality, and there is no better option out there than Solana. 

Data Source: Tradingview 

In fact, in recent months the chain has been attracting a huge number of gaming and virtual reality projects. Solana is famed for its high scalability, speed, and low gas fees. It is therefore a more attractive option for developers in the virtual reality niche.

CEEK VR (CEEK)

CEEK VR (CEEK) wants to bring music and live performance to the metaverse. The project has in fact invested heavily in its own propriety VR glasses to give users the ultimate experience. 

So far, the CEEK universe is built with concert halls and other virtual performance venues. The project is also backed by some of the biggest music superstars in the world including Lady Gaga and others.

JEDSTAR (KRED)

JEDSTAR (KRED) is designed to combine decentralized finance and GameFi. The project is currently building a virtual reality universe and comes fully integrated with an NFT marketplace as well. 

JEDSTAR will also give gamers, developers, and artists the tools they need to create content for the metaverse. The project is relatively new, so it should be a good start.

The post Top 3 crypto projects that could revolutionize virtual reality and the metaverse appeared first on Coin Journal.

The crypto industry is filled with new and exciting projects. Some tend to be new, others older, but they all give you the chance to make money with the right timing. This is why the idea of having an active watchlist of crypto assets is important. The following is a list of tips that can help you build the ultimate crypto watchlist:

• Focus on coins that are buzzing on social media

• New projects with a star-studded list of investors are also perfect

• Ensure coins have upcoming big developments in their future

Well, if you are not sure which crypto assets to put on your watchlist right now, we have a list of three that should offer a great start.

0x (ZRX)

0x (ZRX) is an Ethereum-based protocol that allows users to trade ERC20 tokens across multiple blockchains. It does this in a fully decentralized manner while keeping fees low, and transaction speeds high.

Data Source: Tradingview 

With a market cap of around $870 million, it is one of the biggest decentralized exchanges in the crypto industry. Ox is exploring new ways to enhance liquidity. There are also plans to help the platform take full advantage of the Ethereum 2.0 shift.

Casper (CSPR)

Launched in 2021, Casper (CSPR) is a proof of stake blockchain that is trying to boost the wide-scale adoption of blockchain technology all over the world. The token is one of the most promising blockchain infrastructure projects. In fact, Casper has often been compared with Solana, and it has the potential to become huge in the coming months.

Cronos (CRO)

Cronos (CRO) was previously known as Crypto.com. It has now rebranded to reflect its broader approach in the crypto market. Cranos will no longer be just an exchange. It is building a new blockchain that will integrate traditional finance and decentralized finance. The future is therefore looking very good for CRO.

The post 3 coins to put on your watchlist right now appeared first on Coin Journal.

Building a crypto portfolio with a small amount of capital is not always easy. But this does not mean it cannot be done. What really matters is identifying decent assets and reinvesting as much of your profit as possible. Here are some of the tips to follow if you have a small budget for crypto:

• Always focus on high growth crypto assets like NFTs

• Newer more promising coins can also help you build your capital

• Trade on dips more regularly to expand your investment potential.

So, if you have $1000 only, we have three coins below that can help you build a decent portfolio of assets.

Shiba Inu (SHIB)

Meme coins are known for their massive volatility. However, meme coins can swing up very fast. This will ultimately allow you to lock more money into your account. 

Data Source: Tradingview 

While there are three or four meme coins that you can consider, Shiba Inu (SHIB) is by far the best. It has a decent track record of offering superb gains. Although SHIB has fallen in recent years, there is still some potential for better returns this year.

Apecoin (APE)

We all know that NFTs are going to be huge. Apecoin (APE) is one coin that can allow you to actually take advantage of the coming NFT boom. There are still a lot of whales who hold this token. This means that the risk of a major sell-off is there. But despite this, Apecoin is fairly new and has the potential to grow 10x in the future.

The Sandbox (SAND)

In recent months, The Sandbox (SAND) has been attracting so much institutional capital. It is seen as one of the most promising metaverse projects that already have some proven pedigree in the market. While SAND may not deliver 20x in the near term, it can actually double or triple your money very fast.

The post Building a crypto portfolio with $1000: Top 3 coins to buy appeared first on Coin Journal.

DeFi is one of the hottest sectors in the crypto universe. New DeFi projects with enormous potential are coming out, some of which are in fact built on Solana. The blockchain is expected to be the launchpad for some of the most exciting DeFi projects in the future, and here is why:

• Solana allows DeFi to be scaled up easier and faster

• The Solana infrastructure is highly integrated with DeFi needs

• Fees on Solana are way lower compared to other chains

Well, for investors looking for DeFi projects on Solana that could easily 5X your money, here is our top 3 list:

Oxygen Protocol (OXY)

Oxygen protocol (OXY) is designed to work as a decentralized bank. In fact, the project is trying to tap into one of the hottest DeFi trends right now. People want to reduce exposure to the traditional banking systems and are looking at the blockchain for solutions.

Projects like Oxygen are working to offer these solutions. If indeed decentralized banking takes off in 2022, OXY is going to explode.

Delta One

Delta One is a new DeFi project on Solana designed to offer users low-risk yield farming across multiple chains. Work on this project started last year, and while it is yet to reach full market value, there is just so much potential. In fact, Delta One recently raised nearly $10 million to fund the development of its ecosystem. It has big-name backers and investors, too including Pantera Capital, Almeda Research, and so many others.

Solend (SLD)

Solend (SLND) is a borrowing and lending protocol designed to offer users low-risk collateralized crypto loans. It’s also a fairly exciting project with quite some potential too. SLND is hoping to become the most popular lending protocol on Solana by leveraging the platform’s speed and low fees. So far, it is seeing very decent growth.

The post Best DeFi projects on Solana to 5x your money in less than a year appeared first on Coin Journal.