Kategorie: Altcoin News

Alchemy Pay (ACH) has surged by over 70% after the token was listed on AscendEX and other exchanges. There was also a cross-chain launch as well on the Binance smart chain that helped push the price further. Here are some highlights:

• After listing on AscendEX, ACH rose to $0.0625, representing gains of over 70% over a period of less than a week.

• The coin has lost some of that momentum but is still bouncing after the listing news.

• At press time, it was down by around 6%, trading at $0.05186.

Data Source: Tradingview 

Alchemy (ACH) – What does the future hold?

The crypto market has grown massively ever since Bitcoin was launched. However, even though the focus has largely been on decentralised blockchains, there are still some projects that are looking to integrate peer-to-peer payments solutions into the decentralised ecosystem. 

Alchemy Pay (ACH) is one of them. The project is planning to bring mainstream consumer payments into the blockchain ecosystem and so far, it is making some decent progress. 

After the 70% surge, we expect ACH to pull back a bit as it did today, falling by 6%. But the general longer-term outlook remains very bullish. In fact, some analysts see the token surging above $1 in the first quarter of 2022.

Why Alchemy pay (ACH) is a decent investment?

Peer-to-peer payment systems on the blockchain are not as mainstream as they are in traditional centralised finance. But there is huge potential. Many experts argue that as DeFi grows more into the blockchain ecosystem, consumer payments will drive much of that growth. 

Alchemy Pay (ACH) has been trying to do this with a reasonable degree of success. With a market cap of around $220 million, you can expect the coin to expand further as peer-to-peer payments become more pronounced on the blockchain.

The post Alchemy Pay (ACH) surges by over 70% after listing on AscendEX and other exchanges appeared first on Coin Journal.

 The bear run is about to be overtaken by the bull but before that happens, check these coins out and bag them in abundance.

1. Chainlink (LINK)

 Chainlink is a pioneer of the oracle blockchain. It consists of nodes that support the transfer of data from off-chain sources to smart contracts. Due to its big data functionality, it has partnered with the likes of Google Cloud, Swisscom, AccuWeather, and so on. Also, it has integrated a protocol to aid inter-blockchain messaging, data, and token transfers.

 It plans to be the source of reliable and tamper-proof data for on-chain networks. You can bag a reasonable amount of LINK now as it costs $18.21 right now. LINK is the native token used for rewarding node operators, among other things. It had a good run in 2021, reaching an ATH of $52.70 in May.

2. Ripple (XRP)

 Ripple is another coin to buy its dip as many investors believe it will increase drastically peradventure it wins its case with the Securities and Exchange Commission (SEC). 

Ripple is one of the platforms that made transactions between cryptocurrencies and fiat currencies possible. It supported the onboarding of banks, central authorities, and financial middlemen into the crypto space.

 It plans to substitute the traditional international money wiring with its low fees and high-speed platform. XRP serves as the liquidity provider for transactions on the platform. It costs $0.86 as of today, with a market cap of $41.6 billion.

3. Cardano (ADA)

 Asides from being tagged an Ethereum killer, many believe it’s can directly compete with Bitcoin. Cardano is an open-source platform that makes use of a peer-review consensus mechanism called Ouroboros. 

It is made of two layers- the settlement layer for settling transactions and the computation layer for running smart contracts. It boasts of low fees and high throughput alongside being flexible and energy-efficient.

 It recently launched a decentralised exchange, SundaeSwap, for conducting exchanges in its ecosystem. ADA is used to maintain the network as a governance token and to settle transactions. It costs $1.19 with over 32 billion in circulation. It is ranked 7th with a market cap of $37.9 billion.

4. Terra (LUNA)

 LUNA is the native token of Terra, a blockchain where stablecoins can be created and exchanged amidst other things. It supports a global payment platform using stablecoins stabilised by smart contract algorithms. LUNA is used to reward validators and can be staked for rewards.

It is worth $55.75 right now after dropping by 46.1% from its ATH ($103.34) in December 2021.

5. Polygon (MATIC)

 Polygon is a layer-2 blockchain created to solve the speed, security, efficiency, and interoperability problems of the Ethereum network. It works with the Ethereum Virtual Machine, thereby capable of hosting smart contracts. It comprises zk-Rollups, Optimistic Rollups, Validium Chains, and so on.

 MATIC is the native token used to settle gas fees, participate in governance, and for staking. MATIC is currently worth $1.95 with a max supply of 10 billion. It has a market cap of $13.4 billion.

Before you go ahead to buy the dip, do intensive research to avoid ending in a deeper dip. Cryptocurrency investment is very risky, deal wisely, and don’t put all your eggs in a basket.

The post 5 Best coins to buy the dip in February appeared first on Coin Journal.

 A lot has happened since the year began in the crypto space, from the bearish run of January to the stance of the United States on cryptocurrencies. However, that shouldn’t stop you from watching out for some cryptocurrencies. They include:

1. Cardano (ADA)

 Cardano is the first open-source platform to use the Ouroboros- a novel proof of stake consensus algorithm. It is a flexible, scalable, secure, and energy-efficient blockchain. 

Due to using a peer-review mechanism, it is one of the most stable smart contract platforms, having over 1,200 smart contract scripts so far. There are plans to improve its scalability by launching the Hydra protocol.

A decentralised application, SundaeSwap, was released on the Cardano ecosystem; this might its price movement. ADA is the native token of the blockchain and there’s over 32 billion in circulation right now. Experts believe that ADA is currently undervalued. It costs $1.20 right now with a market cap of $38.4 billion.

2. Aave (AAVE)

Aave is one of the emerging decentralised finance (DeFi) platforms that aid borrowing and lending in the crypto space. The financial services are conducted in the absence of an intermediary at low fees and high-interest rates with increased security and transparency. 

It was released on the Ethereum blockchain and allows creating lending pools. Asides from this, it supports Aave clearing, Aave gaming, and Aave pay.

 Aave recently announced the release of a decentralised social media platform, Lens, on Polygon. As of today, its native token, AAVE, is worth $189.09 and can be staked or used to participate in governance. It has a max supply of 16 million, with 13.5 million in circulation right now. It reached an ATH of $661.67 in May 2021.

3. Ripple (XRP)

 Ripple is an open-source platform that supports payment and remittance among banks and financial middlemen. It supports the transaction of any form of currency at low cost and high speed. Although it is currently undergoing a lawsuit with the Securities and Exchange Commission (SEC), experts believe winning the case would support its adoption and price.

The native token, XRP, is used to provide liquidity for transactions on the platform and can be traded on other platforms. It costs $0.89 as of today after rising by over 22% in the last few days. It is ranked 6th right now and has a market cap of $38.7 billion. 47.8 billion of the 100 billion max supply is in circulation now.

4. The Sandbox (SAND)

 The Sandbox is a metaverse created on the Ethereum blockchain that supports the creation and monetization of ASSETs and gaming experiences. It is powered by a decentralised autonomous organisation (DAO) and hosts non-fungible tokens (LAND and ASSET). It is in partnership with Snoop Dogg, UniX Gaming, Warner Music Group, and Ubisoft.

SAND is the native token of the metaverse. There is a max supply of 3 billion, and 1 billion is in circulation right now. It reached an ATH of $8.40 in December 2021 but is trading at $4.77 right now. It has a market cap of $4.9 billion.

5. Floki Inu (FLOKI)

 Floki Inu is a copy of the Shiba Inu based on Elon Musk’s Shiba Inu dog. It was created on the Ethereum blockchain. It plans to be more than a meme coin with some utilities to its name. This includes a play-to-earn game called Valhalla, a merchandise and NFT marketplace (FlokiPlace), and a content education platform (Floki university).

 FLOKI is the native token for accessing the applications on its ecosystem. It has dropped by 83.4% from its ATH ($0.0003365) in November 2021, and it’s currently trading at $0.00005569. It is believed to be the next big meme coin.

Closing thoughts

Cryptocurrency investment is extremely risky, do not dive in without doing proper research. Also, deal wisely and invest only what you can lose.

The post Top 5 Cryptocurrencies to watch in February 2022 appeared first on Coin Journal.

Key Points: 

• Both Solana and Terra went parabolic in 2022.

• Solana and Terra could outperform the market again in 2022. 

• Solana’s security issues favour LUNA outperforming SOL this year.

Solana (SOL)

Solana is a blockchain platform that enables developers to create and run decentralised applications, or Dapps for short. It has been designed with scalability in mind so it can process high numbers of transactions without slowing down user experience like other blockchains. It has lower transaction fees and can process more transactions than other blockchains, making it faster in many ways.

Terra (LUNA)

Terra is a public blockchain protocol that creates stablecoins by using open market arbitrage incentives and decentralised Oracle voting. The result? Stablecoin holders can spend, save or trade their coins instantly across all major platforms with no transaction fee! Users get staking rewards as well as governance power in return for holding onto these tokens.

Which one is a better buy?

Both Solana and Terra had an amazing year in 2021. Now that bulls are returning to the markets; both could perform well. They could easily retest or surpass their most recent highs.

However, comparatively, Terra could give higher gains than Solana. That’s because Solana has experienced downturns recently that have put a dent to its credibility. Even a grayscale report on crypto pointed to this as a risk factor for Solana.

This is a factor that could easily see it experience more volatility when compared to Terra. Terra on the other hand has a lot going for it at the moment. It has built a reputation as one of the best cryptocurrencies for the launch of algorithmic stable coins.

Currently, Terra is the second-largest DeFi platform in the market, second only to Ethereum. This is a feat it has achieved in less than one year. With the demand for algorithmic stable coins on the rise in the market, LUNA has what it takes to grow exponentially since it is the power behind the Terra ecosystem.

The post Solana v Terra – Why LUNA could outperform SOL in 2022 appeared first on Coin Journal.

The element of surprise in the crypto market is not new. The fact that these markets are highly volatile means that we are always getting new developments every day. Its also quite difficult to predict the crypto market. However, there are some coins we think will be a huge surprise based on how they perform. Here is why:

• These coins already have a history of unusual price actions and have often moved against trends before.

• We also think that the tokens are relatively underrated or misunderstood by the market.

• Most of these end-of-year surprises will be either pleasant or unpleasant, but not many people will see them coming.

If this sounds interesting to you, here are the top coins that will surprise us by the end of 2022 and why.

The Sandbox (SAND)

As one of the leading metaverse-related tokens right now, there has been a lot of talks that Sandbox (SAND) will surge to incredible heights in 2022. We in fact saw some institutional capital going towards it. 

Data Source: Tradingview

But SAND is facing massive downside risks, especially with increased competition in the metaverse space. It may not deliver the skyrocketing returns most people are pegging it to.

Dogelon Mars (ELON)

The general appetite towards meme coins right now has slowed. We have seen some demand over the last few days but if broader sentiment in the market drops, meme coins will be the first to take the hit. 

It is therefore understandable that a lot of investors are trying to minimize exposure to meme coins like Dogelon Mars (ELON). However, expect meme coins and ELON, in particular, to surge massively this year. Yes, we may never be able to see Shiba Inu-style growth levels. But ELON appears to have enough potential to grow further in the future.

The post These cryptocurrencies will surprise most investors by the end of 2022 appeared first on Coin Journal.