Kategorie: Altcoin News

Sandbox (SAND) has been bouncing positively in the last few days. News that the US is going to launch a digital dollar improved sentiment in the market. Most coins, including SAND, saw bumps in value. But an emerging RSI divergence could suggest that SAND could in fact surge further ahead. Here are some highlights:

• Despite pulling back slightly, SAND still remains above the crucial support of $2.74.

• The metaverse token was trading at $2.81 at the time of writing this post.

• The RSI shows a crucial divergence that could push the price further in the days ahead.

Data Source: Tradingview 

Sandbox (SAND) – How far can it go?

Sandbox (SAND) has come under severe selling pressure in the last few weeks. But the coin has maintained its monthly support of $2.74. Although there is still a lot of volatility in the market, we expect SAND to keep price action above that point. At press time, the coin was actually trading at $2.81. 

The $2.74 mark, at least looking over the last month, has also been a crucial consolidation zone. If indeed SAND is able to consolidate gains above it, there could be an upside towards the next overhead resistance of $3.42. 

But despite this, SAND still remains lower than its 50 and 100-day daily moving averages. The coin is even lower than the 200 DMA. This suggests the overall trend remains bearish at best. In fact, if bulls don’t hold the $2.74 support, SAND could fall below $2 in no time.

Is Sandbox ideal for any investor?

Well, it really depends on your investment plan. For folks who want some exposure on the metaverse and related tokens, then SAND is a good buy. Remember, this was one of the top-performing coins in 2021, and it could return the same gains this year. It’s therefore an ideal coin to purchase today.

The post Sandbox (SAND) shows positive RSI divergence – Is a bullish breakout coming? appeared first on Coin Journal.

Polker (PKR) has seen a 5% bump in intraday trading after it announced early access for its upcoming play-to-earn game. The NFT inspired game is expected to position Polker as a disruptive force in GameFi over the coming months. Here is what we know so far:

• At press time, PKR was trading at around $0.03923, up about 5%.

• The early access to the game will be limited as of now, open to only 500 people.

• Polker however hopes the full game will be online in Q1, 2022

Data Source: Tradingview 

Polker (PKR) – Where does it go next

Interest in GameFi or blockchain gaming is growing. After projects like Axie Infinity broke records in growth last year, more investors are looking at innovative new projects around this area. Polker (PKR) has been doing quite well in this regard. 

The project is currently developing a highly anticipated play-to-earn game that will be infused with NFTs trading and staking as well. While the game is not yet launched, this would be a good time to get in on PKR. Early indications suggest that the P2E game will go live later this month. 

Besides, Polker has also secured high-value collaborations with Polygon and is getting financing from crypto heavyweights like Master Ventures, Chainlink, and others. So far, four beta tests have already been completed for the P2E.

When to buy Polker (PKR)

GameFi is of course very competitive, and there are many projects under development. But the speed at which Polker has been moving to develop and launch its P2E is impressive. 

The fact that the project has the backing of notable names in the crypto market is a big plus. It would be best to buy before the official game launches. Although officially this is expected to happen this month, we have seen delays before.

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Terra (LUNA) is now the most staked cryptocurrency in the market. The coin has overtaken Ethereum and is expected to continue holding this title in the foreseeable future. As expected, the reaction from investors was immediate. Here are the highlights:

• At press time, Terra (LUNA) had jumped 20% in intraday trading in response to the news.

• Staked assets on Terra are now worth $29.5 billion with over 226,000 stakers as well.

• The coin has smashed a key resistance of $90 support and could turn bullish in the coming days.

Data Source: Tradingview 

Terra (LUNA) – How the bull run could play out?

The market in general has rebounded the last few days with most coins posting gains. But Terra (LUNA) is really on full steam. The coin has surged by over 20% in the last 24 hours, trading at around $98. 

More importantly, Luna has now broken above a key overhead resistance of $90. This could suggest that a bull run is possible in the near term. Much of these recent gains were triggered by news that indeed Terra (LUNA) is now the most staked asset in crypto. This title was held by Ethereum. 

The key right now is to watch how long the coin can stay above $97. If this happens, LUNA could easily surge to new all-time highs of $112 and even above $120 in the weeks ahead.

Is Terra (LUNA) a good buy?

Well, every investor would love to own the most staked coin in the market. LUNA has become one of the most important assets in crypto, and it’s definitely highly recommended. 

For the long-term investor, just buy it now and hold for a year or so. But for short-term speculators, an upward rally is very likely for LUNA. A good entry will be below $100 but exit at $112 or thereabout.

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After hitting all-time highs in November last year, Solana (SOL) has really been under massive pressure. The coin is now approaching its last support. If that level is breached, then we could be looking at a massive sell-off. Here are some highlights:

• The $80 support level remains the most important for Solana (SOL) right now,

• If the altcoin falls below this, we could see a fall towards $50 before the next leg up.

• At press time, Solana (SOL) was trading at $88, up around 4% for the day.

Data Source: Tradingview 

Solana (SOL) – The selloff risk

The recent rally in the crypto market has seen Solana (SOL) put some distance between the crucial support zone of $80. But there is still a huge sell of risk right now. How long the altcoin is able to keep the price action above $80 remains to be seen. 

However, if bears can put enough pressure to drop SOL below $80, then it is likely that the coin will plummet towards $50 in the near term. This will represent a nearly 40% wipeout. But what can bulls do? 

Well, the key is to get SOL above $102. This will put the altcoin above several key resistance zones before the $80 mark. While this may happen, it seems highly unlikely given the massive volatility we have seen in the market.

Should you stay clear of Solana (SOL)?

Well, as long as the sell-off risks remain, there is no need to get into SOL just yet. For long-term investors, it would be advisable to watch how the price action plays out. 

If we fall below $80, then give it a few days or weeks, and SOL will be selling at a massive discount. But if bulls can get it above $100, buy it then.

The post Solana (SOL) is facing a major sell-off that could see a 40% wipeout appeared first on Coin Journal.

• Sandbox has a grant program that empowers creators to populate its Metaverse.

• World of Women is the latest beneficiary of a $25 million grant to support women creators.

• Price is yet to move, but a consolidation points to a potential breakout. 

Sandbox (SAND) has emerged as one of the most prominent players in the fast-growing play-to-earn gaming space. Through the Sandbox Metaverse, players develop gaming characters and sell them as NFTs. 

Besides gaming, Sandbox is expanding into other markets to see SAND grow in value. For instance, a while back, the Sandbox entered into a partnership with Warner Music to host virtual shows on the Metaverse. 

Sandbox also has a program to fund creative ideas that can help grow the Metaverse. Sandbox has leveraged World Women’s day to announce the latest recipient of this grant. 

Sandbox grants women techies a $25 million grant 

As part of the World Women’s day celebrations, Sandbox announced that it was granting $25 million to World of Women to support women minting NFTs and developing the Metaverse. 

World of Women is a foundation created by female gamers and artists to promote diversity within the gaming industry through interactive experiences. The WoW Foundation plans on using Sandbox for four main pillars:

• Giving artists a platform.

• Helping new users understand the Metaverse.

• Communicating with others on courses that are focused on women.

• Charity.

For Sandbox, this is a big deal both from a technical perspective and marketing. From a technical perspective, WoW will help create an even richer Sandbox Metaverse, and that, like the other projects running on Sandbox, will help drive up the intrinsic value of the SAND token. 

From a marketing perspective, WoW’s vast network of users and participants beyond crypto will help draw more investors into the Sandbox Metaverse. The impact could be a bigger price rally once the market turns bullish again and FOMO returns. 

SAND is range-bound and could potentially breakout

Source: TradingView

SAND is currently trading in a range, and volumes are pretty low. If buying volumes increase and the $2.856 resistance is broken, prices above $3 could be tested in the short term. 

However, if bearish volumes increase and SAND breaks through the $2.79 support, prices below $2.5 could be tested in the short term. 

Summary

Sandbox continues to expand its grant program and has given World of Women $25 million to support women NFT and Metaverse creators. However, the price is yet to respond, but SAND is consolidating. 

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