Kategorie: Altcoin News

Decentraland (MANA) is one of the biggest metaverse projects in crypto right now. But it is not alone in fact, many new projects have been coming up, and they are far cheaper and less risky. But why would you even be considering getting an alternative to MANA? Well, here are some facts:

• Decentraland appears to have very limited upside potential.

• Investors are always looking for new, more exciting projects.

• There is a lot of room on the metaverse for a lot of coins to shine.

With that in mind, we decided to come up with a list of MANA alternatives that have immense potential. Here they are:

Genesis Worlds (GENESIS)

Genesis Worlds (GENESIS) dubs itself as the 100-year metaverse. Its concept is largely based on how Decentraland works. In essence, users get to buy virtual real estate and other virtual items that are backed by NFTs. 

Data Source: Coinmarketcap.com

However, Genesis offers a more immersive virtual experience and is also adding social and gaming elements into its metaverse. What makes this project so exciting is the fact that it still has a market cap of around $1.4 million. The potential for growth is huge.

Terra Virtua (TVK)

Terra Virtua (TVK) is a blockchain project which is planning to combine NFTs and virtual reality fully. The aim of this project is to give users a way to interact with digital collectibles in an immersive experience within the metaverse. There will also be a virtual marketplace within the metaverse where users can sell and buy NFTs.

CEEK VR (CEEK)

CEEK VR (CEEK) is music and entertainment-centered virtual universe where artists can monetize their content within the metaverse. The aim is to promote virtual performances and concerts as well as celeb-inspired virtual communities. CEEK is a highly undervalued project with so much potential for growth.

The post These 3 Decentraland (MANA) alternatives could blow up in the coming months appeared first on Coin Journal.

Several metaverse cryptocurrencies have been bullish as the crypto market traded sideways this week and one of the coins namely Dotmoovs (MOOV) has rallied by more than 228% today.

At press time $MOOV was trading at $0.02192 up 228.72% having hit a daily high of $0.02528. It has a trading volume of $6,725,055 and a market cap of $7,997,493.

This article explains the factors behind the current surge of Dotmovoovs (MOOV) price.

What Is Dotmoovs (MOOV)?

Before taking a deep dive into the current bullish trend, it’s important we first explain what Dotmoovs (MOOV) coin is.

Dotmoovs (MOOV) is the native cryptocurrency of Dotmoovs, a peer-to-peer sports competition platform with an Artificial Intelligence (AI) algorithm that offers incredible Metaverse competitions and rewards winners using MOOV tokens.

By using AI technology, Dotmoovs provides a play-to-Earn metaverse for users to participate in. At the moment, the platform has two types of sports: Dance with robust AI as the judge and freestyle football with an AI-powered referee to make judgments during competition.

Dotmoovs also has a marketplace where users can purchase and collect NFTs.

Why is Dotmoovs (MOOV) price rising?

The main reason for the current surge of MOOV price is the hype around the upcoming release of the Dance Section.

• Dance section release

Once the Dance Section is launched, Dotmoovs’ users will be able to hold dance competitions and challenges within the app. It can be compared to TikTok and it will probably make Dotmoovs market valuation shoot to the moon.

Today, on a video released on Telegram, CEO & COO of @dotmoovs addressed the Dance release date on the app

If you missed it and want to find out when will the next sport be released, you have here the full transcription 👇https://t.co/lLMKR1oHkE pic.twitter.com/r9qPZhJmss

— dotmoovs (@dotmoovs) March 28, 2022

According to Dotmoovs’ team, the Dance feature will be launched during International Dance Day on the 29th of April this year.

With the current bullish trend, it is clear that the market is extremely excited about the release of the upcoming launch of the Dotmoons Dance section.

The post Dotmoovs (MOOV) price is soaring and it’s up 228% today: what is fuelling the uptrend? appeared first on Coin Journal.

Shiba Inu (SHIB) has enjoyed a period of rallying as the broader market saw gains in the last week or so. But even as bulls try to get the coin up and up, they have had to face several major resistance zones in the process. But SHIB could swing up by 20% in the near term. Here are the latest facts on the price action:

• Bullish run for SHIB is facing major resistance at $0.0000273

• The coin has tested that price in the last few days but has failed to overcome

• SHIB could rise by another 20% if indeed that zone is breached in the coming days.

Data Source: Tradingview 

Shiba Inu (SHIB) – Price analysis and prediction

After showing a lot of weakness at the start of March, Shiba Inu and most meme coins have all rallied. The coin has now managed to pair up some of the losses made this year and is already above its 20- and 50-day exponential moving averages. 

Despite the recent uptrend, SHIB has faced major resistance at $0.0000273. Bulls have tested the price several times in the last two trading sessions but so far it has not been breached. 

However, looking at other momentum indicators, it is likely that the overhead resistance will break. When this happens, SHIB could surge by over 20%. But if bulls somehow fail to get over that price, the token could fall back to $0.0000231.

Is Shiba Inu (SHIB) ideal for buying?

There is a short-term play here with the $0.0000273 resistance. If the price action goes above that, you can expect a swing of at least 20%, so it will be a good time to buy. 

As for long-term investors, it would be best to wait for a significant pullback before you buy. You do not want to be buying close to resistance.

The post Shiba Inu (SHIB) is looking at a 20% rally in the near term appeared first on Coin Journal.

DeFi is hot, and we have seen a series of projects emerge to try and take full advantage of this emerging space in crypto. There are so many DeFi projects too, and each of them offers its own investment merits and demerits. But here is why investing in DeFi is a good idea for any investor:

• DeFi projects are trying to solve a real need in the market

• The technology needed to power DeFi protocols is now in full force

• Investor sentiment in DeFi has remained largely positive over the years.

So, if you are thinking of unlocking long term value in DeFi, we have three coins here below that will help you:

Synthetix (SNX)

The main goal for Synthetix (SNX) is to make it easier for people to mint crypto assets that are pegged on real-world assets. In essence, it allows assets traded in the traditional finance industry to be migrated into the blockchain and traded using this ecosystem. 

Data Source: Tradingview 

This is a huge breakthrough that could bring in more trade volume into the crypto space. Synthetix has a market cap of $714 million with a very strong future.

Compound (COMP)

You cannot talk about DeFi and fail to include Compound (COMP) in the calculation. The project is one of the biggest liquidity providers in the market that allows people to earn rewards through staking. Compound has a TVL of around $7 billion, one of the highest of any DeFi protocol.

Lido Finance (LDO)

As far as TVL goes, Lido Finance (LDO) also has no match. The project has over $18 billion in total value locked and is one of the biggest DeFi projects on the planet. The protocol is run through a native DAO called LDO with a market cap of slightly lower than $400 million. Lido Finance (LDO) will continue to play a huge role in the future of DeFi.

The post Top 3 coins to help you unlock the long-term value in DeFi appeared first on Coin Journal.

The play-to-earn space of the blockchain ecosystem has seen immense growth over the last few months. In fact, Axie Infinity, which is one of the main projects in play-to-earn, saw massive gains in 2021. Here is why play-to-earn will continue to grow:

• There is increased integration of blockchain gaming with the metaverse

• Play-to-earn has also seen increased NFT integration as well.

• We are likely to see increased institutional capital towards play-to-earn.

So, if you want solid Axie Infinity alternatives, here are the top 3 coins that you consider in the meantime.

Splinterlands (SPS)

Splinterlands (SPS) is largely a collectible card game that involves rapid battles between users as well. In essence, players will get the chance to build a unique collection of cards, each backed by NFTs. They will then try to battle each other in a wide range of skill-based games where winners earn rewards.

Data Source: Tradingview 

It is also possible to buy and sell collectibles within the Splinterlands universe. The native and governance token for the game is called Splintershards, and its current market cap is around $65 million. This suggests it has the potential to go further.

Battle of Guardians (BGS)

Developed by Unreal Engine, Battle of Guardians (BGS) is a multiplayer NFT powered fighting game. It has multi chain capabilities as well since users can access it either via the Binance Smart Chain or Solana. The game offers a truly immersive experience and is one of the most exciting play-to-earn projects in the market right now.

CryptoKitties (WCK)

CryptoKitties (WCK) is a blockchain based game that lets users collect and breed cute digital kitties. All these kitties are backed by NFTs as well. The game has a dedicated catalogue where players can also view and buy kitties that they want. CryptoKitties was released in 2017, and while it was slower to hit the ground running compared to Axie, it has since managed to gain a huge following. 

The post Top 3 crypto alternatives for Axie Infinity you can consider right now appeared first on Coin Journal.