Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Luntivo Finance announces Limited coin offering – Should you buy?

Luntivo Finance has announced that it is launching a limited-time coin offering that will run from February 8 to March 28th. The plan is to make its native governance token available to early-bird investors. But should you consider this new project? Here is what we know thus far:

  • Luntivo Finance is an innovative decentralised exchange that has more features than a traditional DEX.

  • It is hoping to use the limited coin offering to bring widespread adoption of its LTVN token.

  • Luntivo Finance is the first DEX on Terra, one of the fastest-growing blockchains in the world today.

Data Source: Tradingview.com 

Luntivo Finance (LTVN) – Is it a good buy?

We cannot do any price analysis now since this is a token in pre-sale. But one thing LVTN has going in its favour is the fact that it’s new. As with most crypto assets, getting early is always a great thing. 

But not all early-bird investors get to make money. In fact, Luntivo Finance is a DEX. Yes, it offers additional features like secured asset funds for specialized tokens. But it’s still a DEX and there are plenty of those out there. 

While there is a lot of potentials that Luntivo Finance could in fact grow and earn you a decent return, it will not hit the kind of levels we see with blockchain projects. Despite this, it still remains a coin worth looking at.

What makes Luntivo Finance unique?

Luntivo Finance bills itself as an innovative DEX that is not only limited to crypto exchange. It also offers additional DeFi features as well. Although it is built on the Terra chain, Luntivo Finance uses the Cosmos SDK as part of its development. 

This makes it highly scalable compared to other DEXs out there. The native token LTVN is also now available in select DEXs and will likely come to major exchanges in the near term.

The post Luntivo Finance announces Limited coin offering – Should you buy? appeared first on Coin Journal.

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Solana’s (SOL) bullish uptrend is reversing – Can the coin retrace momentum towards $135

Solana (SOL) has led most altcoins into gains over the last few days. SOL had in fact surged impressively, at one-point crossing over $140. But the coin failed to climb past a crucial; resistance zone. As a result, the bullish uptrend we saw is now reversing. Here are some highlights:

  • After surging above $140, SOL has faced major resistance around $144 and has since failed to cross that hurdle.

  • As a result, the altcoin has fallen sharply from these highs in fact, at press time, it was trading at $112.

  • We are however seeing some directionless consolidation at $110 and we expect SOL to retest $144 soon.

Data Source: Tradingview.com

Solana (SOL) – Will it surge back to $135?

Well, technical indicators appear to suggest that SOL is looking poised for another uptrend. After surging to well over $140 over the last few days, the altcoin failed to clear the crucial resistance zone of $144. 

This weakness has manifested in the price action, with SOL now falling to $112. But we expect bulls to pick it up from here. In fact, SOL is likely to retest its weekly resistance zone of $135 and even surge past that towards $140. 

This will represent an upswing of nearly 20% from its current price. However, if SOL fails to hold the $110 support level, it could fall further towards $101 and eventually $93 in the near term.

Why investors are buying Solana (SOL)

Solana (SOL) is one of the most popular tokens right now. It has been attracting both individual and institutional investors by equal measure. 

Solana is seen as the most promising direct competitor to Ethereum. It offers better speeds, low fees, and outstanding scalability. Solana has also seen massive expansions in its ecosystem over the last few years. It is by far one of the most notable chains today.

The post Solana’s (SOL) bullish uptrend is reversing – Can the coin retrace momentum towards $135 appeared first on Coin Journal.

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Terra (LUNA) could swing to $90 despite reporting consistent downtrends over the last few weeks

Terra (LUNA) is looking poised for a decent upswing after spending much of 2022 on the downtrend. The coin has been showing some signs of consolidation as sentiment in the market improves. But how far can it climb in the near term? The analysis is below but first, some highlights:

  • At press time, Terra (LUNA) was trading at $55 down by around 3.5% for the last 24 hours.

  • We have also noted that any bullish breakout in recent days has stagnated between $62.76 and $70.

  • If LUNA can be able to overcome bear pressure within that supply zone, then it can swing towards $90.

Data Source: Tradingview 

Terra (LUNA) – Is $90 possible?

The downtrend that we have seen on LUNA has been much more pronounced compared to other coins in the market. In fact, between February 3 and 7th, we saw the token plunged by over 30%. This was not a surprise if anything, it was a continuation of the downtrend seen this year. 

But there is some consolidation. However, every time LUNA has surged, it has faced massive pressure within the supply zone of between $62 and $72. If indeed the coin is able to overcome bears inside this zone, then it will likely push further towards $90.

We are watching to see if the token will fall below its support of $52. If that happens, then expect it to slide even further towards $47.

Is Terra (LUNA) a good long-term investment?

Terra (LUNA) is the main network for stablecoins. It has always been a huge part of the crypto market, ranking among the top ten by market cap. 

Even with the recent dip, there is no doubt that LUNA is a decent asset for the long term. It has the potential to deliver consistent value to investors in the near- and long-term future.

The post Terra (LUNA) could swing to $90 despite reporting consistent downtrends over the last few weeks appeared first on Coin Journal.

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DigiByte (DGB) Price Prediction – What does the future hold for this microcap

DigiByte (DGB), like many assets in the market, has seen some strength in the last few days. However, as a small microcap coin, there is still a lot of potential for further growth. But what exactly does the future hold for DGB? Analysis to follow next but here are some highlights first:

  • DigiByte (DGB) has surged quite impressively over the last 5 days or so in line with broader sentiment in the market.

  • However, at press time, the coin had lost around 5%, trading at $0.02486

  • DigiByte (DGB) is expected to rebound and post gains this year with conservative estimates putting it at $0.08.

Data Source: Tradingview.com 

The future DigiByte (DGB) – Analysis

Despite rallying over the last few days, DigiByte (DGB) has not yet recovered from the slump in January. It has still lost 30% of its value this year and continues to trade way low compared to its ATH. 

The coin has however recovered from its 2022 lows of around $0.015 and is consolidating the price action above the $0.02 mark. In the short term, we expect some volatility on DigiByte (DGB) but the general upward trend will continue. 

From a long-term perspective, analysts expect this coin to grow by nearly 4 times this year, hitting $0.08 in the process. This is of course a conservative estimate. DigiByte (DGB) could still surge further, especially if sentiment in the market remains positive.

Why you should buy DigiByte (DGB)

As a microcap, DigiByte (DGB) has a lot of growth potential. In fact, at the time of writing, the coin had a market cap of around $320 million. 

Also, the chain offers several cutting-edge technologies that make it more competitive with other blockchain networks. Its DigiAsset platform in particular is a massive project. So, when you look at these fundamentals, there is no doubt DigiByte (DGB) is a decent coin to hold for the long term.

The post DigiByte (DGB) Price Prediction – What does the future hold for this microcap appeared first on Coin Journal.

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Nexo (NEXO) climbs as it announces the launch of TerraUSD (UST) on its exchange platform

Nexo (NEXO) has continued its upward climb seen over the last few days. This comes as the platform announced the launch of TerraUSD (UST) on its platform. As details of this new development start to reach a wider audience, it is likely that NEXO will surge even further in the coming days. Here are some highlights:

  • The new launch will allow users to now borrow, lend, or stake UST on the Nexo platform with ease.

  • At press time, NEXO was trading at $2.26, up by around 5% in 24 hours and nearly 15% over the last week.

  • Users will also get to enjoy double yield rewards on UST staking until March 31 with a 20% APR to follow after.

Data Source: Tradingview 

Nexo (NEXO) – Price analysis and prediction

Like many assets in the crypto market, Nexo (NEXO) has been climbing upwards after a torrid start to 2022. At press time, the coin was trading at around $2.26, up by nearly 15% over the last 7 days. 

Since the UST news is just breaking, it’s unlikely that it is baked into the current surge. In fact, once investors start to learn of these new developments, NEXO will surge even further. 

Nonetheless, the coin is still lower than its all-time high of $4. But the upward trajectory we are seeing at the moment could in fact take it towards that threshold.

Is Nexo (NEXO) worth the risk?

Crypto lending is a risky area but despite this, it has actually been growing quite fast over the last few years. There are still many other innovative DeFi projects that are trying to conquer this market. 

Nexo is one of them and so far, it seems like the project is doing a lot behind the scenes to deliver value for investors. For a long-term bet, there is no doubt Nexo is a decent asset.

The post Nexo (NEXO) climbs as it announces the launch of TerraUSD (UST) on its exchange platform appeared first on Coin Journal.