Kategorie: Altcoin News

Finding the perfect scalability solution for Ethereum has always been a huge challenge. But over the last year, the use of ZK-Rollups has generated quite some buzz. In fact, at some pointed ZK-Rollups were touted as perhaps the best scalability solution for Ethereum and have already been adopted by several protocols. So, what this is all about, and how can you invest in these technologies? First, some highlights:

• Zero-Knowledge Rollups (ZK-Rollups) are a series of smart contracts that use off-chain computations before submitting them back on-chain for validation.

• The smart contracts simply bundle a huge number of transactions into one and compute them in large chunks.

• Several protocols have already adopted ZK-Rollups, including Loopring (LRC) which surged to all-time highs after.

Data Source: Tradingview.com 

It is obvious now that ZK-Rollups are going to be huge and as such, we wanted to give you a list of altcoins you can invest in below to take advantage of this technology:

The Mir Protocol (MIR)

The Mir Protocol (MIR) is a scaling solution for Ethereum designed to use ZK-roll ups. In fact, the project is in the process of developing additional ZK roll up solutions. Just last month, MIR was acquired by Polygon (MATIC) in a deal valued at around $400 million. 

Polygon is already one of the cheapest chains in the market. The fact that it is going after a ZK-rollup project suggests that this could be a hot industry in the future.

zkSync Coin

zkSync is an upcoming ZK-roll-up project being developed by Matter Labs. The plan is to issue a native ERC 20 token once the project is fully operational. 

The platform has already received up to $50 million in series B funding. Although we don’t have any dates as to when the token will be available, keep an eye on this in 2022.

The post The best ZK-Rollup altcoins to buy today appeared first on Coin Journal.

Play-to-earn games are becoming quite popular on the blockchain. This is seen as a huge part of the metaverse gaming section in crypto and as such, many investors are warming up to these tokens. Axie Infinity (AXS) has been one of the main blockchain gaming tokens the past year, but there are more others to note. But first, some highlights:

• The blockchain gaming subsector in crypto is new and as such, it still has a lot of potential value to unlock.

• The rise of the metaverse will be one of the key catalysts for growth in blockchain-based games.

• There is a lot of increased institutional capital flowing towards metaverse related or blockchain gaming right now.

So, if you are thinking of putting some money on these gaming assets, here are two interesting tokens to check out right now.

Splintershards (SPS)

Splintershards (SPS) is a collectible card game that runs on the Ethereum blockchain. Players earn NFT card collections, with each card featuring some unique attributes. The cards can be bought and sold across the game using the native SPS token. 

Data Source: Tradingview.com 

On average, Splintershards gets around 300,000 active daily users, making it one of the most popular blockchain games right now. The SPS token is, however, trading at a very low price. At the time of writing, it was selling for $0.2112 with a market capitalisation of around $73 million.

Tiny Colony (TINY)

Tiny Colony (TINY) is an upcoming construction and management simulation game built on the Solana (SOL) chain. The game is played inside a virtual metaverse where players build and grow ant colonies. 

Players can also form alliances and participate in community events inside the metaverse. The in-game currency and governance token for the game will be TINY. This is an upcoming project, and you have a chance to get in before it launches officially.

The post The best blockchain gaming projects to buy right now appeared first on Coin Journal.

If there is anything we learned from the crypto market in 2021 is that getting in early matters. Projects in blockchain have typically experienced explosive growth, and those who invested early tend to rip off the biggest reward. Although there are still some risks, here is are some of the reasons why buying new and upcoming crypto projects makes sense:

• You simply get in while the price is still low and ride the upward momentum in the future if the crypto explodes.

• Since the price is still low at the start, the overall downside risk is relatively low compared to assets that have already peaked.

• Most new crypto projects are likely to achieve important developmental milestones in the future, something that bumps up the price.

Now, if you are looking for new and upcoming crypto projects to start investing in, we have two options here worth your attention:

Pulse Prediction Markets (PULSE)

Pulse Prediction Markets (PULSE) is an innovative DApp built on the NEAR ecosystem. The app is designed to use the power of Flux Oracle to resolve common prediction market issues and provide accessible and efficient platforms for users. The project is run by traders using the Pulse DAO where PULSE, the native governance token is used to influence administrative decisions. 

Data Source: Tradingview.com 

As one of the core projects on NEAR, Pulse is still very nascent and offers superb potential for future growth. At the time of reporting, it was trading for $0.1589, up nearly 25% in 24 hours.

Bit Hotel (BTH)

Bit Hotel (BTH) is an upcoming play to earn social blockchain game. The project is in the high potential gaming metaverse section and promises to rival other popular blockchain games like Axie Infinity. The native token BTH is the main in-game currency and can be used for governance as well. At the time of writing, BTH was trading for $0.1808.

The post The best new and upcoming crypto projects to buy into in 2022 appeared first on Coin Journal.

The Binance Smart Chain (BSC) is a smart contract platform designed to provide developers with the ecosystem they need to create Decentralised Apps or DApps. BSC has seen immense growth over the past year and continues to attract a series of interesting projects as well. Here are some of its highlights:

• The Binance Smart Chain hopes to use low gas fees and speed to rival Ethereum, the largest smart contract platform in the world.

• The chain is built to compliment the Binance Chain (BC) with excellent trade volume and outstanding liquidity.

• So far, the BSC has been attracting developers with new and innovative blockchain projects that offer a lot of promise.

In case you are thinking of investing in tokens built purely on the Binance Smart chain, then the two options below should be perfect:

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a DeFi automated market maker protocol that allows crypto investors to exchange a wide range of assets instantly. The platform also gives you the chance to earn returns by providing liquidity and farming yields. After its launch in 2020 on the BSC, PancakeSwap has literally exploded. 

Data Source: Tradingview.com 

The platform offers excellent speeds, secure transactions, and low gas fees in line with BSC’s mission. At the time of reporting, CAKE, the native governance token, was selling for $12.33. CAKE also has a market cap of about $3.1 billion, ranking among the top 55 crypto assets by market cap.

Venus (XVS)

Venus (XVS) is a synthetic stablecoin that also doubles up as an algorithmic money market protocol. Built on BSC, the platform allows users to borrow and lend crypto assets at low fees. 

The platform also gives you a chance to mint VAI stable coins. At press time, the Venus native governance token XVS was selling at $15.74. The token also had a market cap of around $186 million.

The post The best crypto tokens to buy on the Binance Smart Chain (BSC) appeared first on Coin Journal.

As 2021 comes to a close, SushiSwap (SUSHI) has been one of the top performers in the crypto market for the last week or so. The DeFi token is currently on a 7-day bullish run that has seen it gain nearly 35% in value over the same period. But can this momentum continue? Before we get to the price analysis, here are some highlights:

• At the time of writing, SushiSwap (SUSHI) had crossed into double figures, trading at $10 and up 10% in 24 hours.

• We expect the token to face major overhead resistance at around $10.88 over the coming days.

• Despite the bull run, the Relative Strength Index at the time of writing suggests the token is overbought, creating significant downside risk if investors decide to cash in profits.

Data Source: Tradingview.com

SushiSwap (SUSHI) – Price analysis and prediction

It’s been a good week for SushiSwap (SUSHI), no doubt about that. The coin has crossed into double digits for the first time in a while. The next big challenge will be to overcome overhead resistance at $10.88. If indeed this happens, we could possibly see SUSHI test its next resistance of around$11.59 and consolidate around the price if a breakout doesn’t happen. 

But one key risk factor is the RSI reading. While most technical indicators look bullish, the RSI indicates SushiSwap (SUSHI) is overbought. If investors decide to lock in profits, then SushiSwap (SUSHI) may come under significant selling pressure, which could lead to a pullback towards $7.8 or thereabout.

Should you buy SushiSwap (SUSHI)

the answer is yes. For long-term investors, SUSHI is a decent DeFi token to have on your portfolio. But the short-term outlook suggests that we may see some volatility around SushiSwap (SUSHI) in the coming days. As such, for short-term bulls, this may not be the most ideal time to get in.

The post SushiSwap’s (SUSHI) 7-day bullish uptrend brings gains of over 35% – price analysis and prediction below appeared first on Coin Journal.