Kategorie: Altcoin News

Cash doesn’t have to limit you from trading cryptocurrencies. No matter how much you earn, with as low as a few cents, you can begin your crypto investment journey.

If you have some cash to spare, consider these top 10 cheapest cryptocurrencies you can buy right now.

1. VeChain (VET)

The price of VeChain (VET) as of December 28, 2021, is $0.09. Imagine what you can do with just $100. But even besides the price, VeChain is functional in finance and other fields.

VeChain allows businesses to digitally collaborate to aid swift data transfer and supply chain management. BMW, LVMH, ND Walmart are some of the corporations using the VeChain blockchain for their operations. The blockchain uses the proof-of-authority mining model. It has a limited supply of 86.7 billion VET tokens.

VeChain is ranked 32nd with a market cap of $6b; having such a low cap means it is still bound to grow. It reached an all-time high of $0.28 in April 2021.

2. Dogecoin (DOGE)

With the buzz around the Dogecoin (DOGE), it is still very cheap to invest in. The price of Dogecoin was $0.18 as of December 28, 2021. It is ranked 12th with a market cap of $24b. It is predicted that DOGE might hit the $1 mark by mid-2022, so there’s so much potential for gain.

Tesla’s boss- Elon Musk announced his support for the token and desired to work with the developers. This increased its price to $0.73 in May 2021. Although there are still concerns around its limitless supply, it is a cryptocurrency as it can be traded and used to store value.

A total supply of 100 billion DOGE was released at the time of launch. However, due to its inflationary status, over 5 billion DOGE has been released yearly ever since. 

3. Cardano (ADA)

Cardano is still very cheap, considering its prospects. Its price as of December 28, 2021, is $1.51. It is ranked 6th with a market cap of $48.4b. It has a total supply of 45 billion, with 32.1 billion currently available. In September 2021, it reached an all-time high of $3.09.

Cardano, developed by Jeremy Wood and Charles Hoskinson in 2017, is a third-generation blockchain. It is the first protocol to utilise Ouroboros- a proof-of-stake algorithm. It aims to be secure, flexible, scalable, energy-efficient, and it also happens to be one of the cheapest and most promising cryptocurrencies right now.

4. Decentraland (MANA)

Decentraland’s price as of December 28, 2021, is $3.67. It is ranked 42 with a $4.8b market cap. There is a total supply of 2.2 billion with 1.3 billion currently in circulation.

Decentraland is the first decentralised platform owned entirely by its users. It is a 3D world. It has been in development since 2017 by the Decentraland Foundation, founded by Esteban Ordano and Ariel Meilich. However, it was made public in January 2020. Decentraland is a virtual world (metaverse) built on the Ethereum blockchain. As it stands, it is one of the cheapest cryptocurrencies you can invest in at this time.

5. Polygon (MATIC)

The price of MATIC as of December 28, 2021, is $2.65. It is ranked 14 and has a market cap of $18.2b. Out of the 10 billion set for total supply, 6.9 billion is already in the market. It reached an all-time high of $2.92 on December 27, 2021.

Polygon was formerly known as the Matic Network when it was created in 2017 in India. But it was rebranded as Polygon in February 2021. It is a layer-2 blockchain protocol created as an add-on layer for the Ethereum blockchain. It was to help it increase in size, efficiency, security, interoperability, and usability.

6. Polkadot (DOT)

Polkadot is a blockchain where users can create and run their blockchain. As of December 28, 2021, the price of DOT is $29.40. There is a total supply of 1.1 billion. It peaked at $54.98 in November 2021. It is currently ranked 10th with a market cap of $31.4b.

 It is a „blockchain of blockchains.“ It was developed to solve the blockchain trilemma- security, scalability, and decentralisation. The blockchain has two structures- relay chain (the main network where transactions are processed) and parachain (user-blockchain that uses the main network’s resources). 

7. Chainlink (LINK)

Chainlink is an oracle framework of nodes that make data and information from off-blockchain sources available to smart contracts. LINK’s price as of December 28, 2021, is $22.19, and it is ranked 19th with a market cap of $10.3b. 467 million of the 1 billion total supply is currently being circulated. It reached an all-time high of $52.70 in May 2021.

8. Fantom (FTM)

The price of FTM as of December 28, 2021, is $2.27. In October 2021, it peaked at $3.46. It has a total supply of 3.2 billion, and 2.5 billion is currently in the market. It is ranked 33rd and has a market cap of $5.79b.

It is a blockchain for dApps and digital assets. It is a modular, high-performance, scalable, secure, open, and eco-friendly smart contract network. The consensus mechanism of this blockchain is made up of Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS), and it is called Lachesis. Like Ethereum, it has Fantom Virtual Machine for developing dApps. FTM is its native token. Asides from being a mainnet coin, it is available as an ERC-20 token and a BEP-2 token.

9. Shiba Inu (SHIB)

 The price of SHIB as of December 28, 2021, is $0.00003562. It rose to $0.00008616 when Elon Musk posted a Floki, a Shiba Inu dog, on his Twitter. It is currently ranked 19th with a market cap of $19.7b. There is a total supply of 100000 billion, and 549149.6 billion is currently in circulation.

Shiba Inu is a meme coin associated with the Japanese Shiba Inu dog. It is an Ethereum-based token. The Shiba Inu ecosystem consists of three tokens, including SHIB, LEASH, and BONE. ShibaSwap, Shiba Inu Incubator, and Shiboshi are platforms that exist in the ecosystem. Although it has limited uses, it has a very low price and would make good returns in case its price skyrocket in the nearest future.

10. The Sandbox (SAND)

The price of SAND as of December 28, 2021, is $6.07. Out of the 3 billion total supply, 919.5 million us currently in circulation. In November 2021, it reached an all-time high of $8.40. It has a market cap of $5.6b and is ranked 35th.

The Sandbox is a play-to-earn metaverse built on the Ethereum blockchain. The metaverse is made up of VoxEdit (a platform where users can create and animate 3D objects), the Sandbox Marketplace (a place where assets can be published and traded), and Game Maker (an application that allows users to create 3D games for free). The ecosystem is powered by an ERC-20 token- SAND. It is used to trade ASSETS, play games, buy LANDS, and create avatars. It can also serve as a governance token that can be used on the Sandbox DAO.

Before you buy any of these coins, ensure you’re only using your spare cash. Crypto is a very risky investment. You can easily profit as much as you can easily lose from it. Do your research and use dollar-cost averaging before buying any coin.

The post Top 10 cheapest cryptocurrencies to buy right now appeared first on Coin Journal.

SafeMoon (SFM) was launched as a community-driven DeFi token. Technically a meme coin, the hope was to challenge other high-growth meme coins like Shiba Inu and Dogecoin. SafeMoon exploded. Hitting all-time highs in April. But things have not really been smooth sailing ever since. Check out some highlights below:

• After hitting all-time highs in April, SafeMoon (SFM) has lost nearly 90% of its value

• In December alone, the coin has seen a monthly plunge of over 50% albeit it’s repairing some of these losses.

• Unlike other meme coins, SafeMoon (SFM) is adding more utility, including an Android and iOS version of its SafeMoon wallet.

Data source: Coinmarketcap.com 

SafeMoon (SFM) – price prediction and analysis

The biggest question for most investors right now is whether SafeMoon (SFM) can replicate the explosive growth it showed in 2021. During its peak in April, the coin had in fact managed to deliver an ROI of nearly 45,000% since its inception. Headwinds in the broader crypto market have seen SafeMoon (SFM) plummet from those April highs. 

At the time of writing, the coin was trading at $0.001668, down 7% in intraday trading. It’s very unlikely that we will see any major surge this year. But as SafeMoon continues to add more utility features into its ecosystem, the coin could become much more valuable in the long run.

Should you buy SafeMoon (SFM)?

It is important to note that SFM is still a meme token. Yes, we are seeing more utility features coming into the ecosystem but they are not nearly as valuable as, for example, something like Solana (SOL). 

For this reason, SFM is prone to wide volatility and should be viewed as a short-term speculative asset right now. For investors who want to ride any bullish uptrend in 2022, this is the ideal time to buy SFM. But for long term value, it’s very hard to see any upside.

The post Can SafeMoon (SFM) replicate its 2021 explosive growth next year? appeared first on Coin Journal.

Despite showing decent upward momentum in recent weeks, Helium (HNT) has started to lose steam. Although the coin is still on the green, the uptrend is now teetering and could all-together come to a halt. Technical indicators suggest a short-term decline. More details to follow but first, some highlights:

• Despite losing some of its upward momentum, Helium (HNT) is still about 7% up over the last 7 days.

• At the time of writing, the coin had taken a 7% plunge in intraday trading, selling for around $37.92.

• Helium (HNT) is also now below its 200-day Simple Moving Average, showing a bearish trend.

Data source: Tradingview.com 

Helium (HNT) – Price prediction and analysis

Most coins in the broader crypto market have benefited from the Santa rally we saw on Christmas. But it seems Helium (HNT) won’t be holding this momentum for long. After surging past the $41 mark, the coin has reversed some of those gains, pushing below its $40.92 support line. 

The price could continue well into $35. We expect Helium (HNT) to try and consolidate around that price. However, if we slip below $35, then a bearish downtrend could be on the cards. 

Besides, Helium (HNT) is also trading below its crucial 200-day Simple Moving Average. One big upside is the RSI. In the last seven days, it has shifted from overbought to neutral. This could suggest that there is still buying strength coming in.

Should you buy Helium (HNT)?

It depends on your investment goals. In case you are a short-term speculative trader, perhaps this is not the right time to buy Helium (HNT). It could be heading to a downtrend, and you don’t want to enter the trade now. But for long-term investors, wait some days for a decent dip in the price and buy it. There is still so much long-term value to be unlocked with Helium (HNT).

The post Helium (HNT) teeters after recent surge – Here is why the bullish run is about to end appeared first on Coin Journal.

• Analyst Nicholas Merten says altcoins are ready to rally, with Aave, Uniswap and Yearn.Finance his top picks.

DataDash host and popular crypto analyst Nicholas Merten says he is extremely bullish on cryptocurrency going into 2022, noting specifically that he’s betting on the altcoin market as it hits the so-called “supercycle.”

The analyst says in a YouTube session that historically, Bitcoin has been the leading indicator for altcoins. He points out that altcoins have rallied to mirror the flagship cryptocurrency’s macro price movement, and likewise declined whenever sell-off pressure decimates the Bitcoin market.

Merten says while Bitcoin remains the benchmark crypto, there’s a change in market dynamics that are beginning to show altcoins trend more and more independently of BTC price action.

He notes that Bitcoin remains in largely uncertain territory, even as the market registers more and more interest in various altcoins. With some coins outpacing Bitcoin during the latest correction, the strategist says it’s not just the major coins like Ethereum and Solana that need a second look ahead of the next rally.

Decentralised finance (DeFi) and Metaverse coins are two fast-paced sectors today, and here is where the analyst picks the four altcoins with the potential to skyrocket.

Aave (AAVE), Uniswap (UNI), Yearn.Finance (YFI) and Radix (XRD)

Among altcoins, the analyst is keen on are DeFi’s Aave, Uniswap, and Yearn.Finance. Also on the table is layer-1 protocol Radix.

Merten sees Aave price registering a major breakout to add to its stellar performance against Bitcoin. Currently, the AAVE/BTC pair is capped within a range supported at lows of 0.005727 BTC.

“If we can clear through this range, that’s going to set the foundation for AAVE to probably have another seismic rally,” he said.

As for Uniswap (UNI), the analyst predicts another breakout against BTC, with

Bulls are likely to break above a descending trendline for another 25% or more run against Bitcoin. He says the automated market maker’s recent launch on Polygon adds to the strong fundamental outlook of UNI.

Yearn.Finance is also on the analyst’s radar, a fair-launch DeFi protocol whose governance token YFI has surged over 62% in less than two weeks.

There’s also Radix (XRD), an “early stage” layer-1 protocol that breaks out whenever other projects move higher. Although there remains the possibility of a major correction in such coins, the analyst says XRD is picking momentum as bulls prepare for the next major wave.

The post Analyst says the 2022 altcoin “Supercycle” is here, highlights 4 top picks appeared first on Coin Journal.

Shiba Inu is a relatively new coin created in August 2020. It is an Ethereum based altcoin whose mascot is a Japanese breed hunting dog called Shiba Inu. The cryptocurrency industry considers this coin an alternative to Dogecoin but fundamentally different in structure and purpose. Shiba Inu is one of the biggest coins in terms of market capitalisation, with a value of more than $21 billion. It is currently ranked at number 13 on Coinmarketcap.

Shiba Inu has shown tremendous growth for the last few months. This year, Shiba Inu has grown by more than 47 million percent enabling a few lucky people to make massive profits. However, its price, like any other cryptocurrency, has been fluctuating due to varied reasons. If you are looking to invest in this coin, here are a few reasons that you can consider.

All cryptocurrencies are volatile. It means that their prices could swing on either side at any time. For that reason, you must take caution. Never invest any money that you would not be willing to lose. Diversifying your investments in various coins instead of just putting everything in one project is the best way of doing it.

1. Listed in multiple exchanges

There is a strong correlation between the value of a digital coin and access. If a coin is easily accessible, then its value tends to grow. More investors can buy and speculate it is spiking its demand. Shiba Inu has been on various exchanges but has recently got listed in a few others, including OKEx and Binance. Its price surged significantly when it was listed on these two exchanges in May 2021. In October, Shiba Inu got a listing in Coinbase Global, the biggest exchange in the United States of America (USA). After this listing, the coin surged by 40% in just two days and later by 20% in November when it got listed on Kraken. In 2022, this coin could be listed in more exchanges like Robinhood, which will likely spur its value. If you get a few tokens now and this happens, you are likely to make some money in 2022.

2. Shiba Inu growing use cases

Shiba Inu has been derided as a joke coin, just like its predecessor Dogecoin. This coin’s value has largely been dependent on its meme status, but as more people get interested in the coin, the coin’s utility seems to be growing. A few serious companies have already shown interest in having this token as payment. These companies include AMC Entertainment Holdings, the largest movie-theatre chain in the world that also stocks memes, and Newegg Commerce, a computer and electronics e-commerce shop. These companies plan to begin accepting Shib tokens as payments for their products. Another potential company looking forward to accepting these tokens as payment is BitPay. These could be a few companies, but the Shiba Inu community pushes this coin to get more acceptance. If more companies and establishments adopt this cryptocurrency as a means of payment, its value will grow in the next few months.

3. Nominal price is still low

Shiba Inu, like most other altcoins (these are other digital coins other than Bitcoin), still has a low nominal price. Compared to Bitcoin currently trading at about $51,000, Shiba Inu’s price is too low. When writing this article, this coin was trading at $0.00003839. Unless you have massive capital, you can only invest in a fraction of bitcoin. However, you can buy more than 1000 Shiba Inu tokens for just about $100. $100 will get you 2.6 million tokens. If the coin grew to one dollar, you would have a cool $2.6 million. This growth is possible considering the factors surrounding this coin and the growth progression it has been showing in the last few months.

4. Shiba Inu growing demand

Shiba Inu began as a meme coin. Most people consider it a joke. However, this perception has led to more people joining the Shiba Inu community to share in the joke and as a result of FOMO or Fear of Missing Out. As more people join the community, they buy more coins and surge demand. Considering that the total supply of this coin is limited, the surging demand has seen the value of this coin oscillate depending on how investors are buying and selling. It has seen more growth than dips and shows the same growth progression. Investing in this coin now is not a guarantee that you will make profits, but there is a high likelihood of doing so come 2022. You can have a couple of thousands of tokens in your portfolio as the token price is still very low.

5. Shiba Inu whales ownership

Very few investors own a significant portion of Shiba Inu. These large owners are known as whales. Research in the cryptocurrency world indicates that about 70% of shib tokens are under the custody of fewer than ten investors. These investors believe in this coin and are looking forward to driving its price up. A majority of them have been adding more coins into their portfolios, an action that has spurred shib token’s demand and pushed its price up. Two whales added more than eight billion tokens in their portfolios in the last few weeks. These purchases and support will see the price of this token rise in 2022, making it a worthwhile investment.

The post 5 Reasons why you should buy Shiba Inu today for 2022 gains appeared first on Coin Journal.