Kategorie: Altcoin News

Cardano (ADA) is one of the most popular Ethereum alternatives in the world. It has, over the years, attracted a lot of new and innovative projects. Well, there are several reasons why Cardano projects are quite popular. Here is why:

• Cardano offers better scalability compared to Ethereum

• The chain is also embracing a diversified ecosystem of DAPPs.

• Cardano is known for low fees, faster speeds, and sustainability.

So, if you are planning to invest in promising projects built on Cardano, the top 3 lists below should be perfect.

Ardana (DANA)

Ardana (DANA) is a stablecoin that is backed by an array of assets. It also doubles up as a liquidity provider for decentralized exchanges. DANA is typically overcollateralized with native assets on the Cardano chain.

This makes stablecoin trading within the ecosystem efficient and less costly. The hope is to make Ardana the ultimate MakerDAO for the Cardano platform. So far, the coin has a market cap of around $30 million. The potential for more value is therefore very high.

Drunken Dragon Games (FT)

Drunken Dragon Games is a newer gaming project. It is one of the most promising GameFi assets on Cardano as we speak. As noted above, Cardano has embraced full diversity in its ecosystem. As such, the chain is bringing all manner of apps including blockchain gaming. Drunken Dragon also adds an NFT element to its offerings. Although the project is not big right now, it has all the potential for great success.

Revuto (REVU)

Revuto (REVU) is an innovative service that allows users to manage subscriptions. The beauty of this project is that it allows you to do it in a decentralized way. People have dozens of subscriptions these days. It can be easy to lose track of them and end up paying for things you don’t need. Revuto will ensure this doesn’t happen.

The post Top 3 projects on Cardano that you should consider in April appeared first on Coin Journal.

Apecoin (APE) has faced a consistent downtrend over the last four days. But today, the coin has bounced back and appears to have reversed the downward pressure. APE is however not done yet. More gains could come as whale accumulation continues. Here are the main facts:

• APE could add 22% to its value in its recent bull run

• The coin could however face selling pressure after crossing $15.

• APE is up 10% over the last 24 hours.

Data Source: Tradingview 

Apecoin – The bullish setup

After peaking at the $17.46 price back in March, APE has struggled to find any decent momentum. Instead, the coin had started to spiral downwards. But it seems this downward trend is now reversing. In fact, APE was up 10% over the last 24 hours. 

This recent bull run could trigger a 22% rally as whales continue to accumulate the coin. RSI also shows that APE is building momentum. As long as the price action remains above $10 in the days ahead, we can expect more gains in the near term. 

However, there is some limited upside potential here. In recent days, the range between $14.23 and $15.98 has proved to be a serious sell zone for investors. We don’t expect this to change anytime soon. Although the 22% upswing is very possible, APE is likely to pull back further down the moment it hits the sell zone above.

How to profit from this setup

There isn’t a lot of downside risk right now for APE. After four down days in a row, it seems the coin is poised for better returns. The best entry price will be between $11.5 and $12.5. It is likely that APE will surge past $14 in the days ahead. This would be the perfect time to sell and earn at least 15% in profit.

The post Apecoin could see massive gains as whales continue to accommodate appeared first on Coin Journal.

The last 7 days have been bitter-sweet for Decentraland (MANA). After initially falling, the coin has started to gain some upward momentum albeit it hasn’t been that much. But an RSI reading suggests that a potential bull run is possible. Here are the main facts:

• RSI readings show MANA is now oversold, suggesting the risk of a major sell-off is low.

• With limited downside risk, MANA could bounce back steadily in the near term.

• The coin could surge by 50% in this bullish setup.

Data Source: Tradingview 

How can MANA smash $3?

The recent uptick in bullish momentum has not been that huge. But it has been enough to bring MANA above a crucial support zone of around $2. Bulls have done quite well to keep the price action above this. As the price consolidates, we expect it to push further towards the overhead resistance of $2.3. 

The Relative Strength Index or RSI appears to suggest that this is actually more likely. You see, in recent days, RSI readings have moved towards the oversold territory. This basically suggests that the risk of any major sell-off as far as MANA goes is very low. 

As a result, the only way is up. If indeed MANA is able to breach overhead resistance at $2.3, then it is a matter of time before it reaches $3. The biggest challenge however will be to maintain the price action above $3.

How can investors profit from this bullish setup?

There are two ways to profit from this MANA bullish setup. First, you can buy above the $2 support. As the token tests $2.3, you can either exit or bet on it, hitting $3. Either way, a run towards $2.3 still makes you 15%.

Secondly, you can wait for the coin to breach overhead resistance at $2.3. MANA will likely surge to $3 after that, delivering gains of around 25%.

The post Oversold RSI Could push Decentraland (MANA) up significantly in the near term appeared first on Coin Journal.

Harmony (ONE) had suffered a major sell-off at the start of April. The coin in fact hit the lowest level since the tail end of February and was looking bearish. But so far, it seems like the token is rebounding. How long can this uptrend last? Learn more below but first, here are key takeaways from the article:

• Harmony has managed to maintain strong support at $0.1130 in recent weeks.

• The coin has surged by 6% in the last 24 hours albeit it remains 10% down for the week.

• The rally over the last few days seems unlikely to last that long.

Data Source: Tradingview 

Harmony (ONE) – Why the recent uptrend will fade?

There is a very big difference between a rebound and a trend reversal. When coins go through a sustained bearish period, they are likely to rebound slightly but overall, the bearish conditions still remain. This is the exact case with Harmony (ONE). 

Although the coin has posted some decent gains in the last few days, we don’t expect the medium-term bearish trend to reverse. In fact, ONE still remains well below its 25- and 50-day SMAs. Besides, a look at the chart shows that coin has formed an inverted cup and handle pattern. 

These two indicators suggest that a bearish trend is still expected. Perhaps the good news for ONE investors is the fact that the coin is still trading above the crucial support zone of $0.113. But if this price is breached, more losses will follow.

How to play the Harmony (ONE) setup?

There is a massive downside risk with Harmony right now. The best thing to do as an investor is to watch the price action this week. If bulls manage to maintain the $0.11 support, then you can buy and exit at 20% gains max. 

The potential upside for ONE remains significantly low. But if the support is breached, give it another week to consolidate before you buy.

The post Harmony (ONE) reports an extensive rebound – Will the uptrend last? appeared first on Coin Journal.

Shiba Inu’s metaverse, ‘SHIB: The Metaverse,’ went live on Wednesday, and the ‘land bid event’ is currently happening. Currently, preferential access to the land bidding event is being given to Leash holders only.

The Leash holders can lock their Leash tokens to bid for the land. The Leash holders are allowed to inspect, bid, and also acquire land in SHIB: The Metaverse.

The currently undergoing land bidding event is scheduled to take place for three days and there are about 35,000 pieces of land properties that are up for grabs.

Following the rising anxiety as investors scumble for a chance to buy a piece of land in the Shiba Inu metaverse, there are expectations that the plots of land will sell out by end of the sale. The Shiba Inu metaverse is being dubbed the “future of the internet.”

After the land auction event, the plots of land in ‘SHIB: The Metaverse’ will be available for viewing, bidding, and buying by anybody. It is expected that an additional 66,000 plots of land will be available then.

What is SHIB: The Metaverse?

SHIB: The Metaverse is Shiba Inu’s metaverse ecosystem that features virtual real estate known as ‘Shiba Inu Lands’ that will provide owners with passive income.

One of the metaverse developers Eric M described the project as “a place where our community, tokens, game, ShibaSwap, and way more is going to meet together.”

SHIB: The Metaverse was initially linked to the ‘Shiba Inu Games’ project but that is not the case since it is a project on its own.

In the end, SHIB: The Metaverse website is expected to feature about 100,595 plots of land available for buying. The plots of land will be placed on a metaverse map lined with streets and Shiba-related names.

Shiba Inu’s team has laid out the process of buying land in SHIB: The Metaverse.

The post Shiba Inu Metaverse goes live with ‘land bid event’ already happening appeared first on Coin Journal.