Kategorie: Altcoin News

The crypto market has been known to literally make people rich overnight. In fact, 2021 was the year of crypto, with most altcoins setting record highs in terms of growth. But the start of 2022 has seen most of these tokens lose some momentum. But can you become rich from altcoins? Here are some highlights:

• Altcoins have shown that they have the biggest growth potential compared to traditional tokens like Bitcoin and others.

• In 2021, some altcoins saw gains of over 10,000%, with surging demand all year through

• Altcoins also offer some of the most interesting blockchain projects in the world right now.

Well, if you want to get rich from altcoins, the following are two undervalued tokens that you can consider:

Anchor Protocol (ANC)

The Anchor Protocol (ANC) is an innovative DeFi project that is built on the Terra network. It is designed to offer frictionless access to a set of DeFi products with better speeds and efficiency. What makes this an exciting project is the fact that it’s under the radar. 

Data Source: Tradingview.com 

It’s also worth mentioning that the Terra network where it’s built is a hot project too. There is also a lot in TVL for ANC as well, making it a decent bet for future growth. At the time of writing, the coin was trading at $2.23 with a market capitalisation of around $465 million. If you are looking for a decent DeFi project for the future, check this out.

Provenance Blockchain

The Provenance Blockchain is actually an up-and-coming project, so there aren’t even tokens available yet. But it has several key promising features. The platform is an open-source ecosystem for creating and deploying blockchain DApps. It is getting a lot of attention from big-name players in finance and could be a huge bet for growth in the future.

The post Altcoins that could make you millions before the end of 2022 appeared first on Coin Journal.

After ranking as one of the top performers of the year in 2021, Gala (GALA), one of the most popular gaming tokens in the market, has quite literally collapsed. The price action has largely been on free fall over the last few weeks, and any hopes of a quick rebound appear slim at best. Here are some notable highlights:

• At the time of writing, GALA was trading at $0.2825, the lowest it has been over the last three months.

• The token is also nearly 70% down from its all-time highs in 2021, following in the steps of other gaming tokens that are on the red.

• There is serious investor concern about the potential growth of play to earn games in the long run.

Data Source: Tradingview.com 

Gala (GALA) – price prediction and analysis

Gala (GALA) was developed to become a disruptive blockchain project in the gaming world. So far, even with the current price slump, it has done quite well, returning over 4000% in profits in 2021. 

But it seems like investor appetite towards play-to-earn tokens is hampering. In fact, GALA follows other gaming coins like Enjin, Sandbox, Decentraland, and Axie Infinity in decline. 

Right now, GALA is well below the 25- and 50-day moving averages and has been for quite some time, suggesting a sustained bearish trend. We see the token dropping below $0.25 in the coming days.

Should you buy Gala (GALA)

There is always this argument that some tokens, especially in the metaverse and NFT space, are overpriced due to investor hype. This is very true for GALA. A good rule would be to wait until the price goes through a correction of sorts and buy then. A dip below $0.2, which appears imminent, offers the perfect entry point for investors who want to add GALA into their portfolio.

The post Gala (GALA) continues free fall as hopes for quick rebound shrink – price analysis and prediction appeared first on Coin Journal.

Moonbeam (GLMR) launch on Polkadot (DOT) was a much-publicised affair. In fact, the project was one of the key beneficiaries of Polkadot’s parachain auction. Moonbeam (GLMR) also became the first fully operational parachain running successfully on the Polkadot ecosystem. But despite this, the news did not reflect on the price and here is why:

• At the time of writing, Moonbeam (GLMR) was trading at $10.42, down nearly 13% in 24-hour intraday trading.

• The launch on Polkadot is seen as a crucial move in accelerating Moonbeam (GLMR) and its growth.

• But so far, it seems investors are still jittery as wider sentiment in the crypto market remains sluggish.

Data Source: Coinmarketcap.com 

Moonbeam (GLMR) – Price action and prediction

Moonbeam (GLMR) has seen some volatility in the last few days. The token has oscillated between slumps of 10% and 15% over the last 24 hours. This comes as a huge surprise since the launch on Polkadot was a big deal.

However, Moonbeam (GLMR) could be feeling the pressure as a result of broader headwinds in the market. At the time of writing, the token was trading at around $10.38 with daily lows of $9.75. 

Moonbeam (GLMR) also had a market capitalization of around $790 million. It is unlikely that this downtrend is long term. We expect the GLMR price to turn the corner in the coming days.

Should you buy Moonbeam (GLMR)?

Moonbeam (GLMR) is a smart contracts platform that runs on Polkadot. It is in fact the main smart contract parachain in the ecosystem. In December last year, Moonbeam raised nearly $950 million for a parachain slot on the Polkadot ecosystem. 

The money was raised through crowdfunding, suggesting there is a lot of confidence in the project among crypto investors. So, for folks looking for long term coins with decent underlying fundamentals, this is it.

The post Moonbeam (GLMR) loses nearly 15% in 24 hours despite launching on Polkadot – Should you buy it? appeared first on Coin Journal.

The trick to making money in crypto, or in any other investment, is often to get in early while the asset is still underpriced. Of course, not all penny cryptos go one to make money; some even tank further. But in case you are hunting for a bargain, then there are some amazing penny cryptos to buy this year. Here is why this makes a lot of sense:

• Penny cryptos are typically underpriced and have a lot of potentials to become big once they grow.

• Also, the cost of getting these crypto-assets tends to be low, so you can start even on a small budget.

• These cryptos also have a lot of intrinsic value, so if you are patient enough, there is always so much to gain.

Well, the following is a list of three of the best penny cryptos that you can buy right now and hold in 2022:

VeChain (VET)

VeChain (VET) is marketed as an enterprise-grade smart contract platform that was launched back in 2015. The project has seen immense growth over the years. 

Data source: Tradingview.com 

As of now, it has a market cap of around $4.9 billion, suggesting there is still more upside to come in the future. At the time of writing, its native token VET was trading for $0.0765.

Reserve Rights (RSR)

Reserve Rights (RSR) is a dual token stablecoin platform designed to help crypto traders manage volatility in the market. The project is fairly new, having launched in 2019. But it offers a lot of promise. As of now, RSR has a market cap of $340 million. The crypto is also trading at around $0.02586.

REEF (REEF)

Reef (REEF) is a Layer-1 blockchain designed to provide support for innovative DeFi, NFT, and gaming projects. Its native token REEF has a market cap of around $244 million. The token, at the time of writing, was selling for $0.01394.

The post These are the best penny cryptos to buy right now appeared first on Coin Journal.

• Bitcoin and Ethereum are “base investments”, with BTC the OG of crypto, says the Real Vision CEO.

• Terra and Solana are currently top 10 cryptocurrencies by market cap, while Avalanche and Polygon make up the top 15.

Terra (LUNA) is currently the 9th largest cryptocurrency by market cap at $29 billion, thanks to a monstrous price rally over the past year.

While the decentralised financial payments blockchain has seen its native coin struggle this past two weeks, it’s up 23% since mid-December. But that’s not all; LUNA’s price is up a mouthwatering 10,579% higher since January 2020.

This coin, together with Avalanche (AVAX), Solana (SOL), and Polygon (MATIC), are likely to see even more gains in 2022, according to Real Vision CEO Raoul Pal.

The investment strategist said in an interview published on Friday.

He said he personally has added to his Ethereum position and is looking at “some of the beaten-down” tokens in decentralised finance (DeFi) as well as layer 1 altcoins.

The investor was responding to Jessica Walker’s question on what he thought an experienced trader would look at in the crypto market going into 2022 proper. And Pal noted that Bitcoin (BTC) and Ethereum (ETH) are likely to remain on top of the list for many traders, before going on to explain why.

According to him, ETH and BTC are “base investments.” He said Bitcoin is “the OG” of crypto, while Ethereum is the most robust network in the crypto industry. It has the most developers and investors, he added.

However, other than these two, one would look at „network effects“ for guidance when seeking an investment opportunity. The most attractive, in his opinion, are those altcoins whose networks show growth potential within the crypto space.

He thus singled out layer 1 coins as probable outperformers in 2022, with interoperability tokens also on his list.

“We’re seeing these layer-1s, stuff like Terra, Avalanche, and probably Solana,” he said.

Solana is currently the 7th largest cryptocurrency with a market cap of $44 billion while Avalanche is down in the 12th spot with a market cap of $21 billion. Both coins are trading lower on the day, with SOL down 3.8% and AVAX losing by 4.3%.

Pal also thinks Polygon and Quant- a blockchain network aimed at connecting other blockchains via its Overledger technology- will also experience further growth.

The Real Vision CEO said that this could be “the year of interoperability”, the reason Polygon, Quant could be big opportunities.

Last week, crypto strategist Michael van de Poppe expressed a bullish outlook for Polygon, adding that other tokens like Fantom (FTM) and Enjin Coin (ENJ) will also do well in the market.

The post Terra (LUNA), Avalanche (AVAX) and Solana (SOL) offer massive opportunities in 2022, says Raoul Pal appeared first on Coin Journal.