Kategorie: Altcoin News

Decentraland (MANA) is one of the most promising metaverse-related blockchain projects. In recent months. The platform has gained a lot of press, not just from virtual gaming enthusiasts but also from institutional investors keen on riding the potential growth of the metaverse. As a result, MANA, the native token on Decentraland, has surged quite impressively. Here are some highlights:

• At the time of writing, MANA was up nearly 15% in less than 24 hours

• Analysts remain bullish on MANA as more institutional capital flows into metaverse related blockchain projects

• Decentraland is also improving its virtual gaming experience to attract more and more users.

Data Source: Tradingview.com

Decentraland (MANA) – Price action and analysis

The metaverse buzz around Decentraland (MANA) has done well to inspire positive investor sentiment around the token. But the bullish run that saw the coin gain 15% in less than a day is just starting. Although at the time of writing, the coin was trading at $3.87, analysts see this uptrend continuing in the near term. Current estimates expect MANA to hit $6.50 by the end of this run. 

However, the coin will need to sustain gains above its $3.17 resistance. Also, we have seen a trend among MANA bulls of taking profits when the price surges. If indeed this behaviour holds during this bull run, then we are likely to see wild price swings, with MANA projected to go as low as $2.75.

Should you buy Decentraland (MANA)

In case you are a big believer in the metaverse, then you must have Decentraland (MANA) in your portfolio. Besides, the platform has also been investing heavily in improving the virtual experience for users. It is likely that it will continue to attract more and more fans. The flow of institutional capital into MANA is also a good sign that the coin is headed in the right direction.

The post Decentraland (MANA) looks set for an impressive bullish uptrend – here’s why you should buy appeared first on Coin Journal.

With these staggering statistics, it’s hard to argue against NFTs, and as an investor, here are 3 NFT tokens to get your hands on.

Decentraland (MANA)

Decentraland (MANA) is a blockchain-powered virtual platform where users can buy and develop virtual plots of land. These plots can also be used for various activities, including hosting concerts within virtual reality.

Data Source: Tradingview.com

MANA, the native token for the platform, has a market cap of $6 billion, with each coin selling for $3.31 at the time of writing this post.

Axie Infinity (AXS)

Axie Infinity (AXS) is an NFT based token based on the blockchain fighting game by the same name. Players earn rewards by fighting NFT monsters called Axies. These monsters can be sold and bought through the platform’s NFT marketplace. At press time, AXS was selling at $96.97 with a market cap of around $5.9 billion.

The Sandbox (SAND)

The Sandbox (SAND) is also a blockchain-powered virtual world where users can create and sell digital assets. It was one of the older virtual platforms, having been founded in 2011. The native token is called SAND, and at the time of writing, it was trading at $5.21 with a market cap of $4.7 billion.

The post 3 of the best NFT tokens by market cap to buy today appeared first on Coin Journal.

Decentralised exchanges or DEXs have often been touted as the future of crypto exchanges. Although they don’t offer the kind of liquidity associated with centralised platforms, DEXs are mostly permissionless and non-custodial. They also offer added privacy, and from an investor’s point of view, they have grown immensely the past year. Here are some highlights:

• Data shows that the number of DEXs has grown massively since 2019

• Also, large crypto transactions are growing at a rapid pace on decentralised platforms

• Leading DEXs are adding support for a wide range of crypto assets, making them convenient for investors.

In case you’d like to ride the growth of DEXs in the near and long term, then there are two platforms and their native tokens you can consider. Here they are:

AirSwap (AST)

AirSwap (AST) is a fully decentralised exchange built to offer peer-to-peer trading. The platform support transactions in a huge variety of crypto assets with low fees and faster speeds. AirSwap is also noncustodial and uses standard RFQ and Last Look protocols to help power a vast peer-to-peer trading network. 

Data Source: Tradingview.com 

Its native AST token is used for platform transactions and as the governance token as well. AirSwap is one of the most promising DEX projects today. AST tokens were trading at $0.2936 at the time of writing this post. AST also had a market cap of $44 million, meaning the upside for growth is very high.

1Inch Exchange (1INCH)

1Inch.Exchange (1INCH) is more of a DEX aggregator and trading platform that scans the entire crypto market to give you the best trades with the lowest transaction fees. It is also non-custodial and compatible with a wide range of crypto assets and wallets. 

1inch is the native governance token for the exchange, and at press time, it was selling at $2.48 with a market cap of around $1 billion.

The post Want to Invest in Decentralised exchanges? Here are the best coins to consider appeared first on Coin Journal.

Solana (SOL) is a fully decentralised public blockchain that allows the launch and development of scalable DApps. It is regarded as one of the fastest blockchains in the world, with relatively lower gas fees. Solana has also been oftentimes compared to Ethereum. Here are some highlights:

• So far, over 400 new projects have launched on Solana, with more expected to come

• Solana is also highly scalable, and its network is associated with low gas fees

• It is also regarded as one of the fastest blockchains in the world

So, what are some of the most exciting projects on Solana for investors? Here is a pick of the top 2 today:

Serum (SRM)

Serum (SRM) is a decentralised exchange (DEX) and DApp ecosystem designed to deliver exceptional transaction speeds and low fees. Built on Solana, the DEX is completely permissionless and non-custodial. SRM is the native token for the Serum DEX. It is used for governance and platform transactions. 

Data Source: Tradingview.com

At the time of publishing, SRM was trading at $3.43, which is significantly undervalued. Decentralised exchanges are expected to grow in the coming years. Besides, with the speed and scalability of Solana, and the development of a robust Serum ecosystem, the future prospects of SRM look quite positive.

Saber (SBR)

Saber (SBR) is an automated market maker designed to facilitate the exchange of crypto assets on Solana. The platform allows users to swap various assets, including stablecoins. It also has liquidity pools and yield farms to help investors maximise returns. 

SBR is its native token and even though at the time of writing the coin was trading way below its all-time highs this year, there is a lot of growth potential in the near term. The token was trading at $0.06407, with a market cap of around $632 million.

The post 3 Best undervalued altcoins on Solana to buy in 2022 appeared first on Coin Journal.

When you think about meme coins and the impact they have had in the crypto industry, two names automatically come to mind. These are Shiba Inu and Dogecoin. But there are other meme coins that should be worth a look in. But first, here are some facts.

• Meme coins are highly speculative assets and come with a lot of risks

• But some of these meme coins have seen hyper-growth, sometimes even unbelievable returns

• Meme tokens are not just about speculative trading, some have inbuilt utility as well

Nonetheless, if you are looking for meme tokens away from common names like Shiba and Doge, here are two decent options that you can consider:

MonaCoin (MONA)

MonaCoin (MONA) has always had a cult following over the years. But unlike some of the meme coins we know that are simply speculative at best, MONA has managed to add some utility into the mix. In fact, it is marketed as an open-source, peer-to-peer payments platform. At the time of publishing this post, MONA was trading $1.37 with a fully diluted market cap of around $143 million. 

Data source: Tradingview.com

However, during the crypto bubble of 2017, the coin had actually managed to hover around $17. Although it’s unlikely that MONA will retrace this growth in the near term, there is always an upside with meme coins.

Dogelon Mars (ELON)

Some analysts have actually been bold enough to compare Dogelon Mars (ELON) to Shiba Inu. At press time, ELON was trading at $0.000001135 with a diluted market cap of nearly $1.1 billion. The coin has also seen increased trading volume over the last few months. 

Even though there have been a few corrections here and there, ELON is still seen as a serious alternative to Shiba Inu. This is not to say that it will see the same hypergrowth. But with meme coins, nothing is really certain.

The post Looking for memecoins to buy: Best alternatives to Shiba Inu and Dogecoin appeared first on Coin Journal.