Kategorie: Altcoin News

The Santa rally that we have seen in crypto over the last few days has lifted most coins. Kadena (KDA) has not been left behind. The chain, which hopes to compete with Ethereum, has soared. But can the coin maintain this momentum, and where will it go next? Well, here are some highlights first.

• Kadena (KDA) is on bullish momentum at the moment and has posted 7-day gains of nearly 55%.

• At the time of writing, the coin was trading at $16.07, up 16% in intraday trading and with a market cap of around $2.6 billion.

• Kadena (KDA) is also seeing surging 24-hour trading volume. At press time, trade volumes over 24 hours were up 83%.

Data Source: Tradingview.com 

Kadena (KDA) – Price action and analysis

The lift that we have seen this week as far as Kadena (KDA) goes is not surprising. First, the broader crypto market has posted gains during the Santa rally. Secondly, alternative chains to Ethereum have seen a major uptick in recent days not just in the price action but also in trading volume. 

Just like Kadena (KDA), coins like Solana (SOL), Polkadot (DOT), and Avalanche (AVAX) are all seeing massive 7-day gains. It’s not evidently clear if Kadena (KDA) can surge beyond $25 and reclaim its November highs. But in the short term, we could realistically see this uptrend pushing KDA above $20.

Should you buy Kadena (KDA)

Well, if you are thinking of long-term value, then Kadena (KDA) is a good buy. In fact, the coin is trading way below its all-time highs for the year, and as such, it still offers a decent dip to get in. 

Also, the protocol has added several new features on its platforms, including the ability to yield farm on Ethereum based decentralised exchanges. With the increased utility, the value of Kadena (KDA) is going to increase over time.

The post Santa rally brings decent gains for Kadena (KDA) – can it hold the momentum? appeared first on Coin Journal.

Shiba Inu (SHIB) looks set for a significant bullish breakout in the coming days with estimates showing the meme coin could surge above 40%. The coin has been one of the most incredible performers this year. Although it’s still way lower compared to all-time highs in 2021, a whole lot more could still come from SHIB. Here is what we know thus far:

• Shiba Inu has shown some commendable bullish alignment in all technical indictors and could surge over 40% in a few days.

• The meme coin will however need to overcome overhead resistance at around $0.00003902.

• But as with many meme coins, any negative sentiment on the crypto market could weigh heavily on any possible gains.

Data Source: Tradingview.com 

Shiba Inu (SHIB) – price action and analysis

Despite reporting massive growth this year, SHIB has had several corrections in the last few months. After hitting monthly highs of $0.00005435 in November, the coin has seen a sharp decline, losing nearly 50% of its value since then. The meme coin is however looking good but is facing stiff resistance at $0.00003902. 

At the time of writing, SHIB was trading slightly below that at $0.00003808, up 2% in intraday trading. Analysts feel that if the coin surges above the overhead resistance, then we are likely to see a sharp bullish uptrend in the near term. Also, we are watching to see if SHIB can recapture its 50-day moving average of $0.00004099.

Should you buy Shiba Inu (SHIB)

Meme coins are speculative assets and can be prone to wild volatility. So, they are not supposed to be held for a long time. In case you want to ride the short-term gains on SHIB before selling it, then this is the perfect time to buy. But for long-term value investing, SHIB is probably not for you.

The post Shiba Inu (SHIB) looks poised for a 40% bullish breakout – price analysis and prediction appeared first on Coin Journal.

Terra (LUNA) has reached all-time highs in intraday trading today. The coin went above the $100 mark for the first time. It has however retreated slightly below that but is still nearly 3% up for the day. The rally was largely triggered by increasing positive buzz around layer 1 blockchains. Other similar networks like Solana (SOL) and Avalanche (AVAX) also rallied. Here is what we know so far:

• At the time of writing, Terra (LUNA) was trading at around $99.30, but it had surged above $100 in intraday trading.

• The bullish price action was also seen in other similar Layer-1 chains, including Solana and Avalanche (AVAX).

• The rally is likely to hold as investors continue to bet big on Layer-1 blockchains.

Data Source: Tradingview.com

Terra (LUNA) – price action and analysis

It seems like a very long term ago when Terra (LUNA) was trading slightly above its $54 support. This was even after the coin had rallied nearly 25%. But that was merely a week ago, and it shows you just how fast things can change in crypto. 

Over the past few days, LUNA has been gaining upward momentum. But not even the most optimistic analysts saw the coin surging towards its all-time highs before the end of the year. It is indeed a Christmas surprise, and we expect this bullish upturn to hold for longer.

Should you buy Terra (LUNA)

Terra (LUNA) has always been a good investment based on its underlying fundamentals. The chain has seen explosive growth this year too. However, it is the growing interest in Layer-1 blockchains that makes LUNA such a promising project. 

In fact, the recent surge to all-time highs was inspired by the positive buzz around Layer-1 solutions. Although the chain faces competition from major players in this space like Solana (SOL), it still offers the promise of excellent returns in the long run. You should therefore consider buying it.

The post Positive buzz on Layer-1 networks pushes Terra (LUNA) to all-time highs – can it hold the momentum? appeared first on Coin Journal.

NEAR Protocol (NEAR) started off the week with some incredible gains. The coin appears to have held steady, adding up to this surge. In fact, in intraday trading today, the coin was up nearly 16% at the time of writing. Analysts see the uptrend holding steady into early 2022. So, should you buy NEAR? Well, here are some notable facts:

• A bullish trend that started earlier in the week has culminated in superb intraday gains of nearly 16%

• NEAR has easily surged beyond its $11.83 resistance and is now testing $17.5

• RSI readings look positive, with NEAR also trading well above the 25- and 50-day simple moving averages.

Data Source: Tradingview.com 

NEAR Protocol (NEAR) – price action and prediction

It’s been quite a superb week for the NEAR Protocol (NEAR) overall. The coin started off on Monday with decent gains and appears to have maintained the uptrend till now. At press time, NEAR was selling at $15.62, nearly 16% up in 24 hours. 

Many analysts were watching to see if the coin would break the $11.83 resistance. It did quite easily, and now, the intraday surge has NEAR tested the $17.50 mark. 

If the bullish uptrend seen this week holds a bit longer, it is likely that the coin will surpass that threshold. After that, a serious breakout could push NEAR into new highs. But there are a few headwinds to note, including possible market-wide volatility in cryptos at the start of 2022.

Should you buy NEAR Protocol (NEAR)

To be fair, the NEAR Protocol (NEAR) has been one of the most popular blockchains for investors, and for good reasons. Its fundamental value is still good and in the long term, NEAR will be worth more. But the recent bullish surge gives even short-term traders a decent chance to load up on NEAR and ride the uptrend for as long as possible.

The post NEAR Protocol (NEAR) continues bullish surge into the week – is it time to buy? appeared first on Coin Journal.

The Sandbox (SAND) is currently one of the big gainers in intraday trading today. The token is up 22% and has surged beyond $6. It also seems like an extraordinary bullish momentum is starting to gather steam. SAND could be in for an incredible ride with both technical and fundamental analysis looking very positive. Here is what we know:

• The recent rally was largely triggered by news that PwC Hong Kong was pouring significant capital on SAND

• The Sandbox is also working to attract new users with the launch of its Alpha Season 2 experience

• If the coin sustains gains above its $6.2 overhead resistance, a bullish uptrend will be coming soon

Data Source: Tradingview.com

The Sandbox (SAND) – price action and analysis

The PwC Hong Kong news was obviously huge. In fact, as soon as it was announced, SAND surged 8% almost instantly. The coin has since pushed those gains even further to nearly 22%. With momentum now well in force, we are likely to see even more gains in the coming days. 

Also, SAND has surged slightly above its $6.2 overhead resistance. Analysts feel that if indeed bulls can sustain these recent gains above this level, then we are likely to see significant price consolidation around $6.2 or thereabout. This would also set SAND up for a bullish breakout that could take it closer to $10 in no time.

Should you buy the Sandbox (SAND)?

The overwhelming answer here is yes, and there are good reasons. First, we think SAND is grossly undervalued. There is so much upside here, especially as interest in Metaverse-related projects heats up.

Also, the moment institutional capital starts to flow into an asset, that’s when you buy. It means so much value is about to be unlocked on SAND, and you can’t afford to miss that ride.

The post The Sandbox (SAND) breaks above $6 as it builds extraordinary bullish momentum – Buy it now! appeared first on Coin Journal.