Kategorie: Altcoin News

After suffering major selling pressure at the start of 2022, Telos (TLOS) has rallied massively. The token has now hit an all-time high and while this is good news, there are several reasons that suggest more growth is coming. We will look at them in a bit but here are some highlights first.

• Telos (TLOS) has surged by nearly 230% from the lowest price recorded this year.

• At press time, the token was selling for $1.19, up nearly 17% in 24-hour intraday trading.

• This growth has largely been triggered by new partnerships and developments at Telos (TLOS).

Data Source: Tradingview 

Telos (TLOS) – Why the bullish run will continue

In most cases, when crypto-assets hit all-time highs, they are followed by some pullback. But Telos (TLOS) appears to be running wild and looking at the underlying fundamentals, the long-term outlook is also very positive. 

The reason for this is based on how the Telos (TLOS) ecosystem has been expanding and bringing in new partners. The integration of DappRadar was a big thing but we are also seeing the ecosystem bringing in new strategic DeFi and NFT partners. Also, the integration with Anchor Wallet could be decisive as well in the future. 

Why you should buy Telos (TLOS) now?

The partnerships that Telos (TLOS) is building are designed to expand its ecosystem and create visibility in the crypto market. These are all going to be crucial in the long-term growth of this token. 

But more importantly, Telos (TLOS) has a market cap of around $320 million. This means that the coin has immense growth potential, and as long as they continue doing what they have done so far, it’s conceivable that the market cap could easily jump by a minimum of 10 times in the coming years.

The post Telos (TLOS) hits all-time highs – Here is why more growth is still to come appeared first on Coin Journal.

Render Token (RNDR) has been a star performer in crypto over the last week or so. In fact, the coin has been outperforming the market, surging above most coins that appear to be recovering slowly from the January slump. But the coin saw immense selling pressure today, tanking by nearly 15%. Here are some highlights:

• At press time, Render Token (RNDR) was trading at $3.27, down by 15% in the last 24 hours.

• Despite the intraday plunge, RNDR is still 32% up over the last 7 days, indicating just how strong the recent uptrend has been.

• The coin has in fact surged by over 70% compared to the lows of $1.8 recorded barely a week ago.

Data Source: Tradingview

Render Token (RNDR) – Can the uptrend hold?

Many analysts have a positive outlook on Render Token (RNDR). Based on the price action over the last week, there is no doubt the coin is on a bullish uptrend. The 15% 24-hour plunge could be a much-expected pullback. It does not change the overall outlook and as such, we expect Render Token (RNDR) to continue outperforming the market in the coming days. 

The key will be to watch if there is additional bear pressure in the coming days. Although it is unlikely, if the price retreats towards the $2.89 support zone, we may start to see RNDR lose momentum.

Should you buy Render Token (RNDR)

Render Token (RNDR) is billed as a distributed GPU rendering network designed to offer GPU computing power. The project is built on Ethereum and started operating in 2017. 

There are of course other blockchain projects that aim to offer decentralised computing resources. But Render Token (RNDR) targets the design industry and as such, it can realistically build a strong niche in this area. It is simply a decent asset to hold in the long run.

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Quant ( QNT) has been rallying over the last week or so. The coin managed to hit 3-week highs after losing much of its 2021 gains in January. But will this bullish uptrend bring sustained gains in the near term? Price action and analysis here below but first, some highlights:

• At press time, QNT was trading at $126, up nearly 13% in what is the largest single-day gain this year.

• Despite this, QNT is still below the crucial psychological zone of around $150 even with the bullish run.

• Quant ( QNT) has been making moves in Central Bank Digital Currencies (CBDCs), something that may push prices higher.

Data Source: Tradingview.com 

Quant ( QNT) – Near term predictions and analysis

After losing steam at the start of 2022, it seems like Quant (QNT) is well and truly on a path of full recovery. The token has been rising for the last 4 consecutive days and is now nearly 32% up from the lowest price recorded this year. 

Despite this, QNT is still way lower than its all-time high of $325 and is yet to surge past the crucial psychological zone of $150. But things are looking good. 

In fact, recent reports indicate that the network has been making serious moves on Central Bank Digital Currencies, something that may deliver real value in the long term. We expect this bullish surge to continue in the coming days.

Why should you buy Quant (QNT)?

QNT often comes off as a very underrated and undervalued asset. With a market cap of around $1.5 billion, there is just so much room for growth here. Besides, QNT also appears to be developing its ecosystem and embracing new innovations to power its growth. If you are looking for a blockchain project that promises immense value for the future, then QNT is highly recommended.

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There are some signs right now that perhaps Decentraland (MANA) may be coming out of its bear market trend. The coin has rallied for the last 8 days in a row, making it one of the top-performing cryptos. But despite this bullish upside, some indicators suggest that a pullback is very possible. Here are some highlights though:

• The recent bullish surge has seen MANA rally by a whopping 70% compared to January lows

• At press time, the coin was trading at $2.65 with the $3 mark looking quite possible.

• Despite this, some indicators suggest that we may see some pullback in the price action in the coming days.

Data Source: Tradingview.com 

Decentraland (MANA) – Analysis and price prediction

After hitting monthly lows in January 22, it seems like Decentraland (MANA) has simply decided to fly. The coin is up nearly 70% from that period and has surged past a crucial resistance zone of $2.5. 

At the time of writing, the coin was trading at $2.65, holding off any selling pressure that we have seen in the past at the $2.5 mark. There are some analysts who in fact see the token heading well above $3. 

But despite this, we have seen a hidden bearish divergence between the composite index and the candlestick chart. This could suggest that a pullback for MANA is possible and may happen over the coming days.

Are metaverse tokens ideal investments?

Decentraland (MANA) is one of the main metaverse tokens in the world right now. During the January crypto winter, these tokens were hard hit. But the recent surge in MANA shows that investor appetite for the metaverse remains strong. We don’t expect this to change in the future, so in the long run, metaverse tokens like these ones are going to deliver immense value for investors.

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Solana (SOL) has in recent days been a top performer in the crypto market. But as bulls continue to push the price action further, SOL is starting to approach a key resistance zone that could bring significant selling pressure. Our analysis is below but first, check out some highlights:

• Solana (SOL) is approaching the crucial $115 overhead resistance zone after recent bullish momentum.

• if bulls don’t rise above that price, the coin will retrace its price, tanking by nearly 30% in the process.

• At the time of writing, Solana (SOL) was trading at $105, down 6% in 24-hour intraday trading.

Data Source: Tradingview.com

Solana (SOL) – Price analysis and prediction

It looks like Solana has been going through a honeymoon period over the last few days. After losing much of its 2021 gains in January, the rebound has come fast for SOL. In fact, the altcoin has surged by a whopping 40% in the last 8 days alone. 

But as bulls continue to push the price action upwards, SOL is now approaching a crucial overhead resistance zone of $115. If indeed bulls are not able to effectively test that price and surge above it, then we are likely to see SOL retrace its initial demand zone of between $78 and $65. 

This will represent a correction of nearly 30%. But if indeed the upward momentum keeps going above that threshold, then it’s conceivable that SOL will hit $180.

Should you buy Solana (SOL) now?

There is a lot of good stuff about Solana as a blockchain network. In fact, the SOL ecosystem has been expanding really fast over the last few years. As far as altcoins go, it is one of the best you can have. However, I would wait for the next few days to see if a retracement towards $78 happens. This will give you a superb discount.

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