Altcoin News Archive - Seite 83 von 145 - Finanzmittel Info + Krypto + Geld + Gold

25. Oktober 2022

These 3 play-to-earn tokens could return massively once the bull market returns

Play-to-earn (P2E) games, digital platforms that let users earn rewards by playing, are gaining popularity. Their concept of allowing gamers to monetise their games has boosted the value of their in-game currencies. Cryptos native to Decentraland, Sandbox, and Axie infinity has the potential to rally post the bear market.

Decentraland MANA

Topping is Decentraland (MANA/USD), an Ethereum-based token, ranked # 47 with a valuation of $1.3 billion. It powers Decentraland, a blockchain comprising Games, NFTs, and user-managed experiences. The Decentraland concept is big on LAND NFTs, also referred to as virtual platforms that enable users to interact.

Source: Tradingview

From the daily chart, MANA is consolidating at $0.603 support after a trend of lower highs and lower lows. If the level does not hold, the token could find lower support. On the contrary, $0.671 is the immediate resistance.

Where to buy MANA

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy MANA with eToro today

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy MANA with Skilling today

The Sandbox SAND

Second on the best P2Es to watch is Sandbox (SAND/USD), currently trading at $0.7472, with a market cap of $1 billion. Although the price is a fraction of its $7.5 ATH, the platform is ranked as one of the largest GameFi platforms. Sandbox has been attracting corporate investors, the latest being Paris Hilton for cryptoween experience.

Source: TradingView

According to the daily chart above, SAND has been on a strong sell-off. The possible retracement levels in the next leg up are $0.86, $0.95, $1.03, and $1.10, all at the Fibonacci levels.

Where to buy SAND

eToro

Buy SAND with eToro today

Skilling

Buy SAND with Skilling today

Axie Infinity AXS

The NFT-based online game, developed by Sky Mavis, had significant success last year. Its native token, AXS, traded at the peak of $160. However, the crypto winter has since eroded the gains to as low as $9 at the moment, representing a market cap of $1 billion. As CoinJournal reported, news of unlocking more Axie Infinity Shards contributed to the latest decline.

Despite the huge selloff, Axie Infinity remains a strong P2E platform, recently releasing Game Raylights, the first blockchain land mini-game. With its popularity among play-to-earn investors, it has the potential to return big gains in the next bull run.

Source: TradingView

AXS lost $12 support on October 5. The momentum indicator, RSI, is at 33, above the oversold zone, meaning AXS could be due for a trend reversal.

Where to buy AXS

eToro

Buy AXS with eToro today

Skilling

Buy AXS with Skilling today

The post These 3 play-to-earn tokens could return massively once the bull market returns appeared first on CoinJournal.

14. September 2022

3 Ethereum competitors to watch even after the merge

The Ethereum merge is likely to entrench Ethereum’s position as a top layer-1 chain. That’s because, with better scaling and lower fees, more developers are likely to find Ethereum even more attractive.

So, does this mean the platform blockchain market is cornered, and there is no space for other players? Far from it! While Ethereum is likely to entrench its position as the number one platform blockchain, others will still thrive. That’s because Ethereum fees will, on average, still be higher than other players in the industry.

In fact, at current depressed prices, now could be a good time to invest in layer-1s that have the potential to do well if Ethereum triggers a broader market rally in the short term.

Solana (SOL)

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy SOL with Capital.com today

Solana (SOL) takes pride in being one of the fastest platform blockchains and is unmatched regarding transaction costs. Solana can handle up to 50k transactions per second at fees in the pennies.

While Solana has had security scares recently, developers seem to have confidence in it, as its adoption is growing fast. For instance, Solana NFTs are growing exponentially, and the number of DeFi projects launching on Solana is also on the rise.

One of the big projects moving to Solana and could change its fortunes in short to medium term is Helium. Helium is considering a shift to Solana, and once it happens, it will be a huge credibility boost for Solana.

It will be a good indicator that Solana still has room to grow despite the increasing pressure that Ethereum will put on Layer-1 blockchains going into the future. When you factor in that Solana is way off its most recent highs, it’s clear why it is one of the top cryptocurrencies to watch even after the Ethereum merge.

Terra Classic (LUNC)

As LUNC is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LUNC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNC right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for LUNC

Now that you’re connected, you’ll be able to swap for 100s of coins including LUNC.

Terra Classic (LUNC) has been in the news recently, primarily due to the token burn that was implemented as an on-chain tax. While this is the reason for the massive pump witnessed last week, Terra Classic remains one of the most capable Layer-1s in the market. It still has the technical capabilities and lots of projects building on top of it. That’s despite the UST collapse that almost ruined the network. Terra Classic’s scalability, low fees, and now the token burn put it in a unique position to compete with Ethereum even after the Ethereum merge.

Avalanche (AVAX)

eToro

Buy AVAX with eToro today

Skilling

Buy AVAX with Skilling today

Avalanche (AVAX) is another top layer-1 cryptocurrency gaining traction quite fast in adoption. The most recent pointers to Avalanche’s growing adoption include GMX, a decentralized spot trading exchange, and DeFi aggregator 1Inch. Being one of the more stable L-1 chains, Avalanche is likely to record growing adoption even after the Ethereum merge.

Since Avalanche is trading at record lows compared to its most recent all-time highs, it stands out as one of the top cryptocurrencies to keep an eye on not just in September but for days to come.

The post 3 Ethereum competitors to watch even after the merge appeared first on CoinJournal.

9. September 2022

Ravencoin has surged by 54% in the past week – What’s driving it?

Ravencoin has gained 54% in a week
Ravencoin blockchain is a Bitcoin fork
The token is boosted by speculations of PoW miners’ shift

Ravencoin RVN/USD is alongside Terra Classic, making parabolic moves. In the last 7 days, RVN has added 54.42%. The gains are not stopping as the token surged by 20.36% in 24 hours as of the time of writing. So, what’s driving the price of the 79th-ranked cryptocurrency by market cap?

Let’s first dissect what Ravencoin is and its role in the crypto ecosystem.

Ravencoin is a brainchild of Bitcoin, with the blockchain just 4 years old since its April 2018 launch. The blockchain has most of the features of Bitcoin. As such, it undergoes periodic halvings and runs on the Proof-of-Work consensus mechanism.

Ravencoin’s whitepaper indicates that it is a blockchain-based ecosystem. It allows users and developers to come up with tokens for whatever asset of their liking. The ability to create a token from virtually anything is the network’s main value proposition. Users can then move the tokens to third parties via the Ravencoin network.

Ravencoin price and prediction

While RVN has been bullish lately, it is nothing near its former self. At press time, the cryptocurrency was trading at $0.044, the highest ever since May. While crypto recoveries were boosting RVN, increased speculation is also behind the latest surge. PoW miners are seeking alternatives ahead of Ethereum’s move to Proof-of-Stake consensus. Investors are looking at Ravencoin as a superior alternative to Bitcoin in PoW miners’ shift. That’s because the network comes at lower costs and faster speeds. To some extent, RVN investors are reading from the same script as the Ethereum Classic enthusiasts.

Source – TradingView

From the technical outlook, RVN has successfully cleared the $0.04 resistance. We shall remain interested in the level as Ethereum Merge approaches. More volatility could see the token continue to surge. The next level is $0.05.

Summary

Ravencoin is rising due to growing expectations it could attract PoW miners from Ethereum. The token remains largely susceptible due to volatilities. $0.04 is the level to watch if seeking to buy.

Capital.com

Buy RVN with Capital.com today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy RVN with Binance today

The post Ravencoin has surged by 54% in the past week – What’s driving it? appeared first on CoinJournal.

8. September 2022

Near Protocol gains 9% as bulls try to outwit bears at $4.2. What next?

Near Protocol token surges 9% and reclaims $4.2
Crypto recoveries and expected Ethereum Merge potential reasons for the surge
Momentum remains weak, but NEAR could start a bullish surge if it sustains $4.2

Near Protocol token NEAR/USD buyers are keeping hopes alive as the token reclaims $4.2. The level is the established support for the token of the Layer-1 network. In a single day, the token surged by more than 9%, erasing some previous losses. The gains took NEAR slightly above $4.2, but the momentum remained weak. Trading volume was also up 6.0% in 24 hours, highlighting increased buying pressure. So why is NEAR gaining?

A combination of factors could explain the recent recoveries in NEAR. A spot check indicates that the overall crypto sentiment is improving. Near Protocol is recovering in line with the crypto sentiment. Nonetheless, NEAR gains were above most cryptos. The Ethereum Merge, expected later this month, could be boosting Layer-1 blockchains.

Clearly, there is no specific event boosting Near Protocol token. However, to a technical reader, the current price is one to watch for the next few days.

Near Protocol token price action on the daily chart

Source – TradingView

NEAR trades at $4.6 after capturing the $4.2 level. The minor breakout could have caused the increased buying pressure at the support. A MACD crossover above the moving average is another bullish indicator for the cryptocurrency. The 20-day moving average has joined support. The price is yet to break above the 50-day MA.

Final thoughts

NEAR is a potential buy at the current levels as bullish signs emerge. We need to wait for a bullish confirmation after the close of the daily candlestick. If the candlestick crosses below, that could invalidate the bull call. It is nonetheless important to monitor NEAR at the $4.2 level.

The post Near Protocol gains 9% as bulls try to outwit bears at $4.2. What next? appeared first on CoinJournal.

8. September 2022

Can MANA sustain the daily surge amid a weak momentum?

Decentraland has gained 3% in the past day.
Native MANA token remains key in the metaverse space.
The token is experiencing a low buying pressure with the RSI at 38.

Decentraland MANA/USD shows early recovery signs. In the past 24 hours, the token has gained 3.2%, but remains 0.49% down in the past week. MANA is not the only token staging a comeback in the metaverse space. Sandbox has pumped 3.66% during the period.

Despite the positive gains, Decentraland is a shadow of itself. The token is down by a significant margin since its ATH of $5 last year. At the time of writing, MANA was exchanging for $0.76. Nonetheless, Decentraland remains a significant crypto project. It supports the emerging crypto sectors like DeFi, DEXs, and NFTs.

Decentraland is a protocol for metaverse and crypto games. On the platform, users can interact, play games, purchase items, or attend virtual events. Its native MANA token is based on Ethereum’s ERC-20 standard.

Looking into the future, the buzz around the metaverse could gain momentum. The popular function where individuals can buy LAND tokens is gaining traction among corporations. The virtual assets represent unique pieces of virtual land that are purchased and sold in an open market. Despite the positive prediction, MANA has some hurdles to overcome in the technical outlook.

MANA trades around key support amid weak momentum

Source: TradingView

According to the daily chart above, MANA is trading around the $0.76 support level. From the chart, the bears still have a bigger control of the metaverse token. At an RSI of 38, the token lacks the buying pressure and can retest lower levels. Moreover, MANA is trading below the 20-day and 50-day moving averages, offering resistance from above.

Concluding thoughts

The current price surge in MANA shows that the bulls are buying the dips. However, the momentum remains low, and the upside potential is low. The current level does not present a perfect entry point since MANA is unlikely to sustain the uptrend. There could be some consolidation around the moving averages.

The post Can MANA sustain the daily surge amid a weak momentum? appeared first on CoinJournal.