Kategorie: Altcoin News

A lot of people have made millions from meme coins. These are crypto assets that have gone from zero to billions of dollars in market cap in a very short time. It’s therefore understandable if you are thinking of investing in meme coins. These coins typically have the following features:

• Largely speculative assets that have very little underlying value.

• Meme coins are prone to high levels of volatility.

• Anyone can literally launch a meme coin from anywhere.

In case you would like to become rich from meme coins, there are a few coins that you can check out right now.

Floki Inu (FLOKI)

Floki Inu (FLOKI) is a meme coin that appears to be just boiling under the surface. It is one of those meme coins that also looks like it has a lot of potential for success.

Besides, when you look at the price action, you see a very undervalued meme coin that continues to gain a lot of coverage on social media. At the time of writing, FLOKI was trading at $0.00003295 with a market cap of $300 million.

SafeMoon (SAFEMOON)

Although it has been around for some time, SafeMoon (SAFEMOON) has not achieved the potential we believe it can. Instead, the coin has largely remained steady. But there is a chance it could blow up in the future. 

Right now, SafeMoon is trading at a market cap of around $350 million. While we are not saying it could hit $20 billion like Shiba Inu and others, there is still so much room there to bring in more gains. It is definitely one to watch.

Looser coin (LOWB)

With a market cap of just $2.7 million, Loser Coin (LOWB) is a very high potential meme coin. The only way is up for this coin, and there is a huge chance that LOWB could grow 10x in the near term. It is currently trading at $0.00004425.

The post The meme coin craze: These 3 coins could make you rich appeared first on Coin Journal.

• Mina has raised $92 million from investors, money that will go towards expanding its ecosystem.

• Mina is looking to become a leader in the Zero-Knowledge smart contracts space.

• Mina is currently on an uptrend as investors bet on higher prices after the current funding round. 

Mina MINA/USD is one of the most promising projects at the moment. It is one of the cryptocurrencies that are working towards privacy-focused smart contracts. This is a big deal because as Web 3.0 comes alive, privacy will become one of the most important things that people will focus on. It’s only logical considering that part of the biggest issues with Web 2.0 is the centralization of power in the hands of a few big corporations and the commercialization of personal data.

Besides taking on one of the biggest aspects of the crypto market, Mina now has the resources to move ahead with its plans. On March 17th, Mina announced that it had raised $92 million in a round of funding led by crypto heavyweights such as FTX Ventures, Three Arrows, and other investors. 

Mina intends to use this money to actualize its goal of becoming the number one blockchain in developing Zero-Knowledge Smart Contracts. 

This move seems to have excited investors, which is reflected in its price action. Mina has been up by 36% in the past week, making it one of the best performers in the week. Mina continues gaining upside momentum, an indicator that investors expect it to hit even higher prices in the short to medium term.

Moving averages point to more gains

Source: TradingView

In the past 24-hours, Mina has been trending up. In this period, the 20-day MA has been outpacing the 50, and 100-day moving averages. This is an indicator that the price is rising at an accelerated pace. If buying volumes increase in the entire crypto market, MINA could easily test prices above $3 in the short term.

Summary 

Mina is gaining upside momentum at the moment. The moving averages are all turning bullish, indicating that MINA could test higher prices in the short term. This price action has been triggered by news that MINA had raised $92 million from investors, which will use to grow its ecosystem.

The post MINA’s future looks good after securing $92 million in development funds appeared first on Coin Journal.

• Convex Finance rallies as more DeFi protocols integrate it. 

• Convex is also benefiting from increased bullish momentum in the broader market. 

• Convex has broken through a key resistance level, indicating rising bullish momentum. 

Convex Finance (CVX) has been one of the best cryptocurrency performers in the last 24-hours. This was triggered by the growing number of projects that are integrating Convex and offering investors a chance to earn a passive income off their Convex tokens.

For instance, On March 16th, Rari Capital announced the launch of the Tribe Convex Pool. This pool leverages some of the latest technologies, such as Flywheel and ERC-4626 plug-ins. Thanks to these technologies, investors will be able to use their Convex Finance tokens as collateral in the Fuss protocol when borrowing.

This came just days after another protocol, Enzyme, announced that Enzyme users could now use Convex to stake their Curve Finance tokens and grow their earnings. This is a big deal as it has increased the number of investors using Convex, which could translate to higher prices in the long run.

However, it is not just the integrations driving investor interest in Convex Finance. Convex is also in a market currently on an exponential growth path. DeFi is on a growth trajectory as investors take advantage of the space’s passive income opportunities. This means projects like Convex Finance, which offers investors a chance to increase their bags without trading, will only get more popular.

Convex is particularly interesting to investors because it is a relatively new project with a relatively small market cap. This means it has the potential to give an above-average return once the market turns bullish again.

Convex Finance breaks through key resistance

Source: TradingView

Convex Finance has been on an uptrend since March 20th, and bullish momentum is rising. Bulls are so strong that, Convex has broken through $20.26, a price level where it experienced significant resistance over the weekend. If it sustains the current momentum, then $25 would be within reach in the short term. 

Summary 

Convex is gaining momentum after a series of critical integrations with multiple DeFi protocols. Convex Finance is also benefiting from growing interest in DeFi, and the fact that bullish momentum is on the rise in the broader market.

The post Convex Finance could test $25 soon – The price action is bullish appeared first on Coin Journal.

• Shiba Inu is trading in the direction of Bitcoin and the broader market. This is a good indicator as buying volumes are rising across the market.

• Shiba Inu also has the support of its growing fundamentals, such as its Metaverse project.

• Shiba Inu has already crossed the 100-day MA resistance, a pointer to rising buying volumes. 

Shiba Inu (SHIB) made history in 2021 after it recorded gains of 48,000,000% just a year after launch. Today, anyone who put in just $100 in SHIB in early 2021 is a multi-millionaire. However, with the market heavily bearish, it is only natural to wonder, is SHIB still a good investment in 2022? The answer is yes. 

Like the rest of the market, Shiba Inu prices have been depressed for the past few months, so it is nothing unique to Shiba Inu. Besides, Shiba Inu’s price has been moving in tandem with the rest of the market, so you can expect SHIB to rise if the broader market gains upside momentum.

The best part is that bullish momentum seems to be on the rise in the broader market. For instance, Bitcoin has been gaining upside momentum in the last few days. While buying volumes are still relatively depressed, Bitcoin has managed to hold above the $40k support. This has also seen SHIB, and a host of other altcoins, gain upside momentum as well. If Bitcoin takes off from its current price, SHIB could rally as well. 

Besides, the Shiba Inu team is working hard to add to the project’s intrinsic value. For instance, the team is currently building a Metaverse, a factor that will significantly add to the intrinsic value of SHIB going into the future. 

SHIB breaks the 100-day MA resistance

Source: TradingView

In the last 24-hours, SHIB has been in a bullish reversal and has pushed through the 100-day MA resistance at $0.00002284. If bulls can sustain momentum and push through the 50-day MA at $0.00002348, Shiba Inu easily hit prices above $0.00002700 in the short term. 

Summary

With buying volumes rising in the broader market, Shiba Inu has good prospects of rallying in the short term. Besides the price action, the Shiba Inu team is working on a Metaverse, which could help drive up the value of SHIB long term.

The post Shiba Inu breaks 100-day MA resistance: Can bulls sustain momentum? appeared first on Coin Journal.

Mina (MINA) has staged a stunning recovery over the last two trading days. The surge was largely triggered by news that big-name investors were pouring money into the project. At one point the coin managed to go above monthly highs before retreating. But can this momentum hold? We’ll discuss it below but first, here are some pointers:

• Mina (MINA) has reported double-digit gains for the last two days.

• The coin was trading at $2.08, up around 18% in 24 hours.

• We expect this surge to continue well into the weekend.

Data Source: Tradingview 

Mina (MINA) – gauging the momentum?

Mina (MINA) had not been doing that well. Like most coins in the market, it was largely exposed to the headwinds in crypto. As such, it had spent a lot of days in the red. But what we saw over the last two days has been nothing short of a crucial reversal. 

The coin has surged by double figures in both days. At one point, it even rose above $2.35, the highest it has been since February. Also, Mina (MINA) has gained over 40% compared to the lowest price recorded in March. 

We expect this bullish run to continue well into the weekend. After all, Mina (MINA) is now well over its 25- and 50-day simple moving averages. The RSI reading also shows positive momentum heading into the weekend. 

What is Mina (MINA)?

Mina (MINA) is an innovative blockchain project that is planning to create distributed payment systems. It is a relatively unique project that looks very underpriced. We are also starting to see big-name investors coming into MINA. 

This can only be a good sign about the future prospect of this coin. If you are looking for something to buy and unlock long-term gains, there is no reason why you shouldn’t check out Mina (MINA).

The post Mina (MINA) stages stunning recovery after days in the red – Can the momentum hold? appeared first on Coin Journal.