Kategorie: Altcoin News

• The helium token is growing more popular among crypto traders and holders.

• HNT might token may continue to fall if we fail to break $30. 

• HNT has been forming lower lows and lower highs since November 2021. 

The explanation for this is the mining process provided by the corporation. Currently, Helium pullbacks point to a frightening potential decline.

Helium Network is a decentralized wireless connection that allows devices to access the Internet securely from anywhere globally. Developers can design low-power, Internet-connected devices at a lower cost and quicker rate because of its robust open-source architecture.

The downturn began once the price hit the last objective of $42 – $50 and bears came strongly to push prices more than -65% since November. This adjustment may have come to an end as recently as last week after the value of helium found a strong support at the Pivot level S2 and also the $20 key level.

Helium price falls through the trend line

In mid-2021, the helium price established a trend line, causing prices to climb. This trend line was breached after the most recent cryptocurrency meltdown. Consequently, the price may begin to fall short.

We foresee a drop down to the next key zone if we don’t reclaim the trend line this week. This band of support is located between $9 and $11.75. This may be an ideal purchasing moment if you want to engage in the helium program.

HNT definite uptrend break, particularly on the one-week chart. Helium investors should liquidate their tokens or at least a portion to get Helium at a lower cost, particularly in the B region of the ABC cycle at the 61.8%- 78.6% fibonacci retracement level.

The post Is Helium (HNT/USD) going to crash again? appeared first on Coin Journal.

• Solana’s price is bullish after finding support at $81. 

• SOL/USD is presently trading at $108.5

• The next resistance level is at $120

Solana’s price is currently forming a bullish trend, as we expect the existing consolidation to conclude with a break over the $112 barrier. If the breakthrough is robust today, experts believe there will be even more potential next week.

The price is headed for a break over $120 since no resistance points prevent it from attaining that level.

SOL/USD price fluctuation in the previous 24 hours: Is there a chance of a positive reversal?

The SOL/USD pair is now trading at $108, with a bullish trend emerging, with negligible signs indicating a negative trend; therefore, we are strongly bullish on SOL/USD.

Nevertheless, there was significant buying behavior in this zone when a support point around $90 halted the bearish trend. The price rose to break the $100 resistance and found short-term resistance at $110 before consolidating afterward, establishing a symmetrical triangle formation on the hourly chart, which might result in another breakthrough above the $115 mark.

As a result, it seems that SOL/USD may trade around the $120-$130 area this week, with just a few dips predicted before a significant ascending trend starts.

The price is currently above the 23.6 percent Fibonacci retracement level at $95.08, pushing through the $100 barrier. The present price is above the 100 EMA line at $96. There is no evidence of a substantial pullback shortly.

The MACD indicator is currently in the bullish zone, with its signal point delivering a robust buy signal after passing above the MACD line during the weekend.

The post Solana rose more than 10% on the day as traders target a $120 resistance level appeared first on Coin Journal.

There is no doubt that Shiba Inu (SHIB) was the biggest meme coin of 2021. The so-called Dogecoin killer went on to make so many people rich but has since lost some of those gains. However, the big question for most people has always been the road towards $1 for SHIB. Is it even possible? Well, here are some highlights.

• At the time of writing, SHIB was trading at $0.0000217 with a market cap of around $11 billion.

• For SHIB to hit $1, it will need to grow by nearly 5 million percent over the coming years.

• While this may seem impossible, the fact that SHIB grew by nearly 26 million percent in 2021 makes it quite feasible.

Data Source: Tradingview.com

What needs to happen for SHIB to hit $1

The road to $1 for SHIB will not be easy and it will have a lot of ups and downs. In fact, the 2021 surge was driven by many factors, most of which may not be available for SHIB in the future. 

For example, when the meme coin was approved to trade in major exchanges, it simply mooned. But that is now water under the bridge. After all, SHIB is already in those exchanges. 

Also, the crypto market appears to be correcting sharply in 2022. Memecoins like SHIB will get hit hard. Nonetheless, Shiba Inu must reduce the circulating supply to get to that level. Right now, they’re about 550 trillion coins in circulation which is just too much.

Can you buy SHIB now?

Most experts will argue that the good days of Shiba Inu are way gone. But there is still enough upside for growth, albeit not the massive sharp rise we saw last year. 

For instance, SHIB is currently trading way lower than its 2021 highs. You can buy and hope to ride any recovery towards that price before you exit. Nonetheless, SHIB, like many meme coins, is highly risky.

The post Shiba Inu (SHIB) can actually reach $1 – But here is what needs to be done first appeared first on Coin Journal.

• The price of WAVES has been spiraling down without a halt.

• WAVES is seeing slight resistance at $10.3.

• WAVES/USD is currently trading at $9.13. 

WAVES/USD one-day price chart: bulls advanced to $12.8 resistance level

Over the weekend Waves price evaluation indicated a negative trend, and the price has dropped to $8.55 today. The previous week’s price chart was characterized by red candlesticks, indicating that bears were continually pushing the price to fall; however, bulls also made strong gains on January 26th, taking the price point to $12.8. Since then, bears have been impeding upward price trends, but today, the bears have gained a little profit as the price is currently locked in the $9.15region.

The MA is trading at $9.55, barely under the price point, while also remaining below the SMA50 curve, indicating a negative trend. Conversely, if we look at the 9 days Simple Moving Average signals, the resistance is at $16, indicating the highest volume pressure is at that level.

The four-hour Waves pricing assessment reveals that the bulls dominated the price component for most of today’s trading period, but bears triggered a sharp price drop today, following a continuous bullish lead. Despite the negative momentum being low, it has outperformed the bullish momentum and made the daily candlestick bearish. Yet, the value has been seen to be rising during the previous eight hours.

The post Waves (WAVES/USD) is down 81% from all-time highs ($42.7), currently trading at $9.13 appeared first on Coin Journal.

 If you are looking for the two biggest metaverse and play-to-earn platforms, then it’s got to be Decentraland and The Sandbox. But which one is a better investment? Both are created on the Ethereum network.

 Decentraland was developed in 2017 by Esteban Ordano and Ariel Meilich as a virtual platform for creating and monetizing applications and content. It is powered by three assets- MANA, LAND, and WEAR. It is the first blockchain metaverse that is run by a DAO. CoinFund, FBG Capital, and Digital Currency Group are some of with notable investors asides from the partnerships they have with Samsung, Polygon, and Cyberpunk among others.

 The Sandbox metaverse was released to the public in November 2021 under Arthur Madrid and Sebastien Borgat. It has four tokens- SAND, LAND, ASSET, and GAMES. It is backed by one of the largest investment companies, SoftBank. It aims to make blockchain gaming popular.

 While MANA is an ERC-20 token that must be burnt to purchase LAND on Decentraland, SAND is a utility token used to perform transactions on The Sandbox. Both work on the proof-of-stake consensus method. Although The Sandbox has plans to establish a DAO where SAND serves as a governance token, it is yet to be implemented.

 Decentraland has 90,601 plots of land, while The Sandbox has over 160,000 parcels of land. While LANDs are ERC-721 standard, The Sandbox also uses ERC-1155. LANDs can form individual plots, estates, and districts in both metaverses except for plazas which only exist on Decentraland.

 SAND is selling for $4.07 right now with a market cap of $3.7 billion, while MANA costs $2.55 now with a market cap of $3.86 billion. Although this implies that people are investing in MANA over SAND, Decentraland is less of a gaming platform than The Sandbox. This might push people to The Sandbox in the long run. Also, Decentraland is decentralized but this will change when The Sandbox implements its DAO.

 In November 2021, both tokens peaked at $8.40 and $5.85, respectively before settling at their present prices. While they are both similar in almost every respect, SAND is the better investment in the long run. If you are invested in metaverses and play-to-earn, then get yourself some SAND. However, if you are an investor, do proper research and deal wisely.

The post Decentraland (MANA) vs The Sandbox (SAND) – Which one is a better investment? appeared first on Coin Journal.