Kategorie: Altcoin News

2022 has started on the right foot for Internet Computer (ICP). Although sentiment in broader crypto is still sluggish, ICP has been surging. The coin has in fact outperformed all crypto assets in the last 7 days, gaining nearly 50% in value. But where will this uptrend take it? Analysis to follow below but first, check out the highlights:

• The 7-day surge has seen Internet Computer (ICP) rally 70% above its lowest price seen in December 2021.

• At the time of writing, the coin was selling for $36.12, up 5% in intraday trading and with a market cap of $6.7 billion.

• Internet Computer (ICP) is one of the newer blockchain projects launched in May 2021.

Data Source: Tradingview.com

Internet Computer (ICP) – Price action and analysis

The past 7 days have been bullish in every way for ICP. Every technical indicator is positive right now too. For starters, the coin has surged well beyond its 25- and 50-day moving averages. 

ICP has also smashed past its $30 resistance, and current momentum will easily take it above $40 in the days ahead. 

The Relative Strength Index (RSI) also shows a very positive reading. We do not see a lot of headwinds right now. Besides, as sentiment in the broader market improves, ICP is likely to also see more gains.

Why you should buy Internet Computer (ICP)

Since launching in May 2021, Internet Computer (ICP) has gone on to become one of the most valuable crypto projects in the world. The blockchain is also starting to build up its ecosystem with several high-profile DApps. 

It has always been a good long-term bet, especially for the type of investor keen on alternatives to traditional blockchains. The recent 50% 7-day uptrend is the clearest indication that ICP is headed for superb returns in 2022 and beyond.

The post Internet Computer (ICP) has outperformed all crypto assets in the last 7 days – Where will the uptrend go next? appeared first on Coin Journal.

Despite facing severe downside pressure in recent weeks, Axie Infinity (AXS) is rallying with the bullish continuation expected to hold. There are some estimates that suggest AXS will head towards $170 in the near term. Although this is a tad too optimistic, the indicators appear to back this outlook. Here are some notable highlights first:

• Axie Infinity (AXS) is consolidating between $90 and $100. At the time of writing, the token was trading at $94.46.

• This price consolidation could trigger a bullish rally that will see AXS surge $170, gaining nearly 40% in the process.

• Despite this, there are still several downside risks that investors should factor into the $170 price calculus.

Data Source: Tradingview.com 

Axie Infinity (AXS) – Price action and prediction

AXS has been one of the hottest blockchain gaming tokens in the past few months. It has had its wild ride, too as far as price action is concerned. After hitting yearly highs of $160 in 2021, we have seen an ensuing correction phase. 

However, even with this significant bear pressure, AXS has still traded between $90 and $100 over the past weeks. There is price consolidation, something that could suggest that a bullish breakout is not far away.

In fact, if the coin can surge past the overhead resistance of $105, then we could be seeing a prolonged uptrend that will easily smash past $170.

Why you should buy Axie Infinity (AXS)

Overall, Axie Infinity (AXS) is one of the most promising coins in blockchain gaming. This sub-sector is heating up and is expected to drive a lot of growth and innovations in blockchain tech. 

Based on these fundamentals alone, AXS is a good buy. But one key risk to note is that increased competition from other blockchain games could see daily active users on the platform decline. This is likely to put significant pressure on the price.

The post Axie Infinity (AXS) and the road to $170 – Price analysis and predictions in 2022 appeared first on Coin Journal.

Harmony (ONE) is hands down the best performing token in the early stages of 2022. After breaking its December downtrend on the last day of 2021, the token has established some outstanding bullish momentum, gaining nearly 32% over the last 7 days. So, where will the token go next? First, some highlights.

• After a tough December correction, Harmony (ONE) is now on an uptrend that could see it gain up to 50% in January.

• At the time of writing, the token was trading at $0.3175, roughly 8% from its 2021 yearly highs.

• The platform has also invested heavily in developing an NFT ecosystem that could help boost investor sentiment.

Data Source: Tradingview.com 

Harmony (ONE) – Price action and prediction

It was largely expected that the crypto market would rebound in 2022 after a severe correction at the tail end of 2021. But while most coins have traded sideways at best, Harmony (ONE) is setting the pace for growth.

The token is up 32% in a week, and we were closely watching to see if it breaks past the $0.3 resistance. At the time of writing, ONE was already at $0.3175 and is consolidating around that price. RSI readings also remain moderate, suggesting that more bullish activity is yet to come.

We expect this uptrend to continue in January and push Harmony (ONE) towards its 2021 yearly highs. As of now, the next upside resistance is around $0.32. It’s likely that ONE could break past that this week.

Why you should buy Harmony (ONE)

Investors have in recent weeks been looking at alternative altcoins as the main cryptos slump. Harmony (ONE) is one of the most promising altcoins today. 

The platform is also doing some good work around NFT ecosystems, something that should help maintain positive investor sentiment. With a market cap of around $3.1 billion, there is still a lot of potential for ONE.

The post Harmony (ONE) is surging in 2022 – Where will it go next? appeared first on Coin Journal.

Finding the perfect scalability solution for Ethereum has always been a huge challenge. But over the last year, the use of ZK-Rollups has generated quite some buzz. In fact, at some pointed ZK-Rollups were touted as perhaps the best scalability solution for Ethereum and have already been adopted by several protocols. So, what this is all about, and how can you invest in these technologies? First, some highlights:

• Zero-Knowledge Rollups (ZK-Rollups) are a series of smart contracts that use off-chain computations before submitting them back on-chain for validation.

• The smart contracts simply bundle a huge number of transactions into one and compute them in large chunks.

• Several protocols have already adopted ZK-Rollups, including Loopring (LRC) which surged to all-time highs after.

Data Source: Tradingview.com 

It is obvious now that ZK-Rollups are going to be huge and as such, we wanted to give you a list of altcoins you can invest in below to take advantage of this technology:

The Mir Protocol (MIR)

The Mir Protocol (MIR) is a scaling solution for Ethereum designed to use ZK-roll ups. In fact, the project is in the process of developing additional ZK roll up solutions. Just last month, MIR was acquired by Polygon (MATIC) in a deal valued at around $400 million. 

Polygon is already one of the cheapest chains in the market. The fact that it is going after a ZK-rollup project suggests that this could be a hot industry in the future.

zkSync Coin

zkSync is an upcoming ZK-roll-up project being developed by Matter Labs. The plan is to issue a native ERC 20 token once the project is fully operational. 

The platform has already received up to $50 million in series B funding. Although we don’t have any dates as to when the token will be available, keep an eye on this in 2022.

The post The best ZK-Rollup altcoins to buy today appeared first on Coin Journal.

Play-to-earn games are becoming quite popular on the blockchain. This is seen as a huge part of the metaverse gaming section in crypto and as such, many investors are warming up to these tokens. Axie Infinity (AXS) has been one of the main blockchain gaming tokens the past year, but there are more others to note. But first, some highlights:

• The blockchain gaming subsector in crypto is new and as such, it still has a lot of potential value to unlock.

• The rise of the metaverse will be one of the key catalysts for growth in blockchain-based games.

• There is a lot of increased institutional capital flowing towards metaverse related or blockchain gaming right now.

So, if you are thinking of putting some money on these gaming assets, here are two interesting tokens to check out right now.

Splintershards (SPS)

Splintershards (SPS) is a collectible card game that runs on the Ethereum blockchain. Players earn NFT card collections, with each card featuring some unique attributes. The cards can be bought and sold across the game using the native SPS token. 

Data Source: Tradingview.com 

On average, Splintershards gets around 300,000 active daily users, making it one of the most popular blockchain games right now. The SPS token is, however, trading at a very low price. At the time of writing, it was selling for $0.2112 with a market capitalisation of around $73 million.

Tiny Colony (TINY)

Tiny Colony (TINY) is an upcoming construction and management simulation game built on the Solana (SOL) chain. The game is played inside a virtual metaverse where players build and grow ant colonies. 

Players can also form alliances and participate in community events inside the metaverse. The in-game currency and governance token for the game will be TINY. This is an upcoming project, and you have a chance to get in before it launches officially.

The post The best blockchain gaming projects to buy right now appeared first on Coin Journal.