Kategorie: Altcoin News

Solana has much better news now and makes for a better buy.

• Solana seems to have recovered from the negativity that followed its 2021 network outages. 

• Waves has been hit by rumors of it being a Ponzi scheme when the market is yet to emerge from the bear trend fully. 

• Solana has better prospects than Waves in the short term. 

Solana (SOL/USD) is a smart platform blockchain that has grown in popularity for its high speed and low transaction speeds. Before the cryptocurrency correction of the last two days, Solana had started outpacing most of the other top 10 cryptocurrencies in gains. This is an indicator that investors are getting more confident in Solana’s future growth after a series of network outages towards the end of 2021. Given the heavy investments that are going into Solana NFTs, Solana’s growth prospects look good. 

Waves (WAVES/USD), on its part, is also a smart contracts platform that has grown in popularity for its use cases in DeFi. A few weeks back, Waves outperformed most cryptocurrencies by a huge margin. Following the sanctions, this followed speculation that it was a Russian project and that Russians would use it to transact and protect against wealth erosion. However, Waves has dropped harder than average in the last few days as fast as it gained. This follows rumors that it could be a Ponzi scheme. 

Which one to buy the dip

While Solana and Waves are high-potential cryptocurrencies and will recover from this dip, Solana has better prospects. One of the reasons why Solana has better odds is that it has a much bigger ecosystem of projects building on top of it. Solana also has a lot more hype, especially among institutional investors, which could play well in its favor as bulls return to the market.

Waves is a much smaller chain and aren’t as well-known as Solana. Besides, after the recent rumors of it being a Ponzi, Waves could take longer to gain traction since the market is highly volatile.

Summary 

Both Solana and Waves are high-potential smart contract blockchains. However, following a negative rumor about Waves, Solana could be a better buy in the short term. This makes SOL a better buy in the current cryptocurrency market dip.

The post Solana v Waves – Which one to buy the dip? appeared first on Coin Journal.

Long-term investments in crypto can help you unlock a lot of value. With increased volatility in the market, it can be hard finding coins that give you the promise of superb long-term growth. But there are a few coins that you can check out. Here is why long term investing in crypto makes a lot of sense:

• Long term strategies help you avoid the hectic daily volatility in crypto

• Many crypto projects will need a year or so for the real value to come

• Holding assets for a year can give you better control of your crypto portfolio.

Well, in case you are searching for coins to invest in as part of a long term investment strategy in crypto, here are some options:

FTX Token (FTT)

The FTX Token (FTT) is the native token of the FTX exchange, one of the largest platforms for trading crypto derivatives and other assets. The FTX exchange has seen a sharp increase in trade volume over the years. 

Data Source: Tradingview

It is also opening up new offices in new regions, including the middle east and others. As long as the widespread acceptance of crypto keeps growing, FTX will see increased trade volume and a lot of value. This makes the coin a good option for a long-term play.

Aave (AAVE)

It is also nice to have some investments in DeFi since this is one area in crypto that will explode in the near term. Aave (AAVE) is a leading DeFi protocol and offers incredible underlying fundamentals. It is one of the projects that is going to fully unlock DeFi, so you cannot afford to miss out.

Gala Games (GALA)

Gala Games (GALA) is hoping to become the go to chain for GameFi. Blockchain gaming is going to also become a huge part of the crypto project. As an investor, getting your money in this space is huge, and GALA gives you the chance to do it.

The post Top 3 crypto assets to buy for a 1-year investment strategy appeared first on Coin Journal.

Doubling your investment in crypto is not always that hard, especially when you are talking about meme coins like Shiba Inu (SHIB). But for all its glory back in 2021, SHIB has actually fallen sharply this year albeit we saw some recovery at the end of March. But the coin has the potential for doubling your money. You will see why below but first, check out these important takeaways:

• Shiba Inu appears to be sitting within a significant demand zone.

• The coin could break out in a decisive bullish run with 100% gains.

• SHIB also remains above strong support with very low downside risk

Data Source: Tradingview 

Can SHIB actually deliver 2x in the near term?

Yes, the chart appears to show that there is a setup for 100% gains. Right now, SHIB has entered a crucial demand zone of between $0.0000235 to $0.0000263. This has actually happened before in late February, and once SHIB broke, it went on to rally by a huge margin. 

The most conservative estimate will be a 38% upswing this time round. But where will the 100% rise come from? Well, you see SHIB is also sitting above a very strong support zone. This means that the risk of steep corrections is minimal. 

For this reason, it is likely that SHIB will swing by around 40%. After that, a small correction will come where SHIB will pull back slightly before rising again. In the end, it’s conceivable that the price will double in the near term.

Is it time to get SHIB?

Well, Shiba Inu will break out sooner or later. It, therefore, makes sense to start accumulating these coins within this demand zone. 

From a long-term point of view, SHIB remains a bit risker due to uncertainty over long-term investor sentiment. But considering that it has fallen sharply from its 2021 ATHs, it could be a great time to buy the meme coin at a discount.

The post Shiba Inu (SHIB) could double your money in the near term – Here is why appeared first on Coin Journal.

As we start a brand-new month, the crypto market has looked quite good in recent weeks. Investor sentiment is now very positive, and we are starting to see most coins recover the losses at the beginning of the year. So, April is shaping up as a good buyer’s market, and here is why:

• Most coins have bullish outlooks in the near and medium-term

• The fears surrounding the conflict in Eastern Europe and fed rate hikes are now priced in.

• Investors are ending the wait-and-see attitude and jumping back into the market.

With these factors in mind, we thought it would be great to create a list of possible altcoins that you can consider this April. Here it is:

Hedera (HBAR)

Hedera (HBAR) was one of the top-performing coins in the last two weeks of March. But we have seen a sharp fall ever since. This could suggest that the coin has in fact gone through the correction you would expect after a major rally.

Downside risks are therefore relatively low compared to other coins. For this reason, HBAR is a decent buy for April, and with improved sentiment in the market, it’s only a matter of time before it resumes its bull run.

Waves (WAVES)

Just like HBAR, Waves (WAVES) has also seen a substantial correction after an unprecedented rally. The coin has in fact lost around 46% over the last 7 days. Although this is not always a good sign, it’s still an expected outcome given the kind of rally we saw with WAVES.

Nexo (NEXO)

The good thing about Nexo (NEXO) is the fact that it’s been quite steady in recent weeks. Although the coin has surged upwards, it appears to be consolidating gains, and we have not seen any major sharp fall. This could suggest that there is more potential for more positive gains.

The post April Shopping list: 3 altcoins to consider right now appeared first on Coin Journal.

PancakeSwap (CAKE) has shown remarkable strength heading into April. The coin added nearly 60% of its value in the last two weeks or so. If this rise continues, CAKE could in fact flip a crucial overhead resistance zone into support. This will be a huge deal. Here are some of the details:

• CAKE has faced major resistance around $11 as it looks to maintain its upward trend.

• The coin has been rejected severally at that price and has since fallen sharply

• CAKE is likely going to try and target $11 in the coming days.

Data Source: TradingView 

PancakeSwap (CAKE) – Can $11 become support?

If bulls are able to transform the $11 resistance into support, then CAKE has the potential of seeing a major bullish breakout. The DEX coin has tried severally to break past this zone over the last few days but has been rejected firmly. 

As a result, CAKE has fallen sharply in fact, it was down nearly 13% over the last 24 hours. We expect CAKE bulls to try and retest the $11 mark in the days ahead. If indeed they are successful in smashing past it, then we could see the token hit $15 in the near term. 

This will be a gain of nearly 90% from its current price. But if $11 becomes a bridge too far for the coin, CAKE will likely fall back to $8.32 or thereabout before the next bull run.

Should you buy CAKE now?

Well, as a rule, you don’t want to buy any coin when it’s very close to resistance. The downside risks are just very high. A good play here will be to wait and see if the $11 is breached. 

If this happens, then you can buy in and ride the wave. Also, if CAKE is rejected at $11 again, wait for the pullback and enter at $6 or thereabout.

The post PancakeSwap (CAKE) can flip this resistance to support – Here is why this is a huge deal appeared first on Coin Journal.