Kategorie: Altcoin News

The crypto market has slowed a bit over the last few days. Meme coins, as you would expect have taken a hit. In fact, Shiba Inu (SHIB), one of the main meme coins in the market, has seen a mini sell-off of sorts. But it’s not all gloomy for SHIB holders. A look at the chart shows a possible immediate bounce back. Here are some highlights:

• Shiba Inu has exploded in February, at one point gaining nearly 75% in 3 days.

• The much-expected correction however appears to have come with SHIB selling in recent days.

• Technical indicators however show a quick bounce with an upside of at least 16% is possible.

Data Source: Tradingview

Shiba Inu (SHIB) – Price prediction and analysis

Shiba Inu (SHIB) is right now trading at the confluence of two important indicators. These are the 50 day and the 200-day simple moving averages. In recent weeks, the confluence has proved to be a very strong demand zone for bulls. 

We have seen very significant buying activity between $0.000027 and $0.0000288. At press time, the coin was trading at $0.00002716. Although SHIB is indeed down by around 7% over the last 24 hours, it means the price has entered this crucial demand zone. 

We expect bulls to step up and buy in the coming days, something that will ultimately push SHIB further. As a result, an upside of around 16% is very possible.

Why are people buying Shiba Inu (SHIB)

Shiba Inu (SHIB), often referred to as the DogeCoin killer, is by far one of the most successful meme coins in history. 

Although the token has declined significantly from its all-time highs in 2021, there is still a lot of potential for further growth. Besides, we have seen SHIB whales accumulating more and more SHIB. From a short-term point of view, the meme coin is indeed worth buying right now.

The post Shiba Inu (SHIB) could swing up by 16% despite some significant sell-off in recent days appeared first on Coin Journal.

While the January crypto crash was hard on many coins, XYO (XYO) was hit hard. In fact, during the crash, the coin tanked below the launch price. But we have seen a bit of recovery over the last two weeks. Can XYO (XYO) emerge stronger in 2022? Here are some highlights so far:

• At the time of publishing, XYO was trading at $0.02176, up around 2.5% in 24-hour intraday trading.

• The coin is trading below its initial launch price of $0.0225, indicating a massive drop here.

• XYO is also trading very low compared to its ATH of $0.0834 that was reported in November 2021.

Data Source: Tradingview

XYO (XYO) – can it recover fully in 2022?

There is no doubt that XYO (XYO) has the potential to fully recover this year. We expect sentiment to get better as the year goes, with more gains coming. Besides, we have also seen some signs of life for XYO. 

After it fell to lows of $0.0193 in January, it has rebounded sharply. At the time of writing, the coin was trading at $0.02176. It is however important to note the bearish outlook still remains for the coin. 

It is still way lower compared to its 25- and 50-day exponential moving averages. If indeed the coin can see gains above its 50-day EMA of $0.0264, then a decisive breakout could in fact follow thereafter.

Is XYO (XYO) a good buy?

The fact that XYO has dipped massively is a sign that it could be primed for buying. Also, the coin has fallen below its launch price. This means that it is selling at a discount. If you wanted to get in, this would be a perfect time. 

Besides, XYO recently announced an ecosystem fund of around $20 million that hopes to incentivise developers and bring in new apps. This will help enhance its value in the long run.

The post XYO (XYO) can bounce back from January lows and come out stronger in 2022 appeared first on Coin Journal.

Harmony (ONE) has seen a brutal last seven days. The coin has quite literally tanked, but we have started to see some recovery coming. But are these gains short-lived, or are we going to see a more sustained surge in the coming days? Some analysis here below but first, some highlights:

• Harmony (ONE) had declined by over 20% over the last 7 days but has since pared some of those losses.

• At press time, the coin was trading $0.1948, up by about 6% over the last 24 hours.

• For any bullish outbreak to come through, ONE must overcome the crucial resistance zone of $0.225.

Data Source: Tradingview

Harmony (ONE) – Price analysis and prediction

The daily 24-hour surge reported by Harmony (ONE) is quite robust. The coin is up 6 % albeit it remains in the red over the week after a torrid 7-day period. But despite this upward climb, the indicators suggest that ONE still remains in bearish territory.

For starters, the coin is already below its 200-day SMA of $0.2. We are looking to see if the token can actually recover that important threshold. It will also need to surge past the $0.22 resistance if we are to see a sustained bullish run. But if this doesn’t happen, Harmony (ONE) will fall back to its next support zone of $0.163.

Is it the right time to buy Harmony (ONE)

The crypto market crash that we saw in January this year meant that most coins have dropped and dropped further. ONE is not any different. The dip is real, and this offers the perfect chance for investors who have always wanted to get in on the cheap. 

Besides, the underlying fundamentals that back Harmony (ONE) are all quite decent. For investors looking into the future, this is one token you cannot afford to ignore.

The post Harmony (ONE) is recovering after a brutal week – Will we see a bull run? appeared first on Coin Journal.

Chingari has announced it is launching its new beta testnet of its native token GARI. The token comes as the Indian-based social network gets ready to launch a new Mainnet this week. Chingari has over 100 million users. So, how will this token perform in the future? Here are some highlights:

• The new GARI token is expected to help revolutionise the creator economy on the Chingari platform.

• Chingari is also launching a matching crypto wallet as well, both of which will run on Solana (SOL).

• Chingari has over 35 million active monthly users, one of the highest in India and in the world.

Data Source: Tradingview 

GARI Token – The tokenomics to know about

The move to create more value for users by Chingari has been steamrolling for the last few months. In fact, the platform has acquired several capital investments in this endeavour with a $19 million Series A funding last year.

The launch of the GARI token is the biggest move yet. Although we are seeing a beta test first, there is no doubt that this is big news.

It’s also worth noting that a Mainnet is expected to launch soon to coincide with the token. With India seen as one of the key crypto markets in the world, this is a good move for Chingari.

Should you buy the GARI token?

Right now, the GARI token is well and truly in its infancy. But based on the underlying fundamentals, it could become huge. India remains a key market for crypto growth. We have seen many innovative products come out of there.

While Chingari is not really expected to be the top driver of crypto adoption, its native GARI token could play a key role in cementing India as the world leader in crypto over the coming years.

The post Chingari announces the launch of a brand-new native token – Everything you need to know? appeared first on Coin Journal.

SundaeSwap’s (SUNDAE) will be listed on Bitrue in the next month. The news is a big shot in the arm for the Cardano-based DEX. So, what can the listing do for Sundae Swap, and should you buy before or after the listing? Some analysis is below but first, here are some highlights:

• SundaeSwap’s (SUNDAE) is the main DEX for Cardano (ADA), one of the biggest blockchain networks in the world.

• Despite its high-profile nature, SundaeSwap’s (SUNDAE) has faced several congestion issues but remains an exciting project.

• Listing on Bitrue, one of the leading crypto exchange platforms in the world will boost SundaeSwap’s (SUNDAE) in a huge way.

Data Source: Tradingview 

SundaeSwap’s (SUNDAE) – What will the listing bring

When you look back into history, when tokens are listed in some of the leading crypto exchanges out there, they often see a sharp surge in the price. This is not to say that SundaeSwap’s (SUNDAE) will do the same. 

But the fact that it’s getting a node to trade on Bitrue suggests that other high-profile exchanges will also follow suit. This can only be positive for the token. 

Besides, this is a coin that is not yet available for trading. This gives investors the chance to get in early. There will be a surge of course, in pricing if SundaeSwap’s (SUNDAE) follows the same path other newly listed tokens have.

Is SundaeSwap’s (SUNDAE) worth buying

There are two main reasons that make SundaeSwap’s (SUNDAE) worth buying. First of all, it is the main DEX platform on Cardano. This is a huge thing, and as the adoption of the Cardano chain continues to grow, there will be more value for Sundae Swap. Also, it is worth pointing out that this coin is new and fresh. It has had its fair share of challenges, but it is bouncing back stronger.

The post SundaeSwap’s (SUNDAE) to list on Bitrue starting next month – Here is why you should consider buying appeared first on Coin Journal.