Altcoin News Archive - Seite 98 von 168 - Finanzmittel Info + Krypto + Geld + Gold

4. Januar 2023

Solana interest grows as price eyes a bullish push after weekly 40% gains

Solana token has gained by almost 40% in a week as network activity surge
The weekly gains have been inspired by the Bonk token airdrop
SOL faces resistance at $14

Solana (SOL/USD) is making a strong return after a difficult spell in 2022. Frequent hacks, FTX collapse, and a prolonged crypto winter are some of the ails of Solana in 2022. In particular, the FTX crash saw SOL fall below $10. But a return of nearly 40% in a week is sending a statement that investors are not done with the proclaimed Ethereum killer.

According to Solana Foundation head of strategy and communications Austin Federa, SOL is defying the FTX contagion. The network has seen increasing on-chain activity for users and developers. He says no projects are migrating from the blockchain, underlining Solana’s strengths and performance.

The latest gains in SOL come amid increased investor interest. That comes after the launch of the Shiba-Inu-themed Bonk (BONK) token. According to the latest cryptocurrency news, BONK will be airdropped for up to 50% of its supply. About 20% of the airdrop will go to Solana NFT collections. The development has seen several projects on Solana integrate bonk tokens for use in transactions on listed NFTs.

SOL price outlook and analysis approaching resistance

SOL/USD Chart by TradingView

From the technical outlook, SOL is slightly bullish but largely bearish. The indicator is approaching the neutral zone, although it shows SOL is bearish. Resistance lies at $14, slightly below the SOL price.

What next for the SOL price?

The gains in SOL price are positive after a prolonged bear market. However, $14 will be a test for bulls. A bullish scenario will be reinforced if the cryptocurrency breaks above the resistance level. That could see SOL maintain the uptrend to $18 and beyond.

On the flip side, SOL will face bears at $14. Buyers may also exit at the overhead resistance to force a correction. That could see the token retest the $11 or $10 bottom.

Where to buy SOL

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 SOL with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy SOL with OKX today

The post Solana interest grows as price eyes a bullish push after weekly 40% gains appeared first on CoinJournal.

23. Dezember 2022

Uniswap versus GMX token? Two DEX contenders, but which one is better?

Uniswap and GMX are DEX cryptocurrencies
DEX tokens were boosted by the FTX collapse
UNI could be preferable in the long term

Decentralised exchanges, or simply DEX, were the talk of the town after the collapse of FTX. As investors’ concerns grew, centralised exchanges such as Binance saw increased fund outflows, benefiting DEX platforms. Uniswap and GMX were among those to benefit from the investor exodus, boosting the native tokens. But which of the two tokens should you scoop?

Uniswap

Uniswap is the largest DEX and is based on the Ethereum network. The blockchain is fully decentralised, implying that no single entity owns or operates it. Being decentralised also means that users have control over their funds. This is opposed to centralised exchanges where users have to share their private keys. Uniswap uses an automated liquidity protocol trading model.

The Uniswap platform is also open source – developers can copy the code to build their own decentralised exchanges. Users can also list tokens on Uniswap for free. The platform is compatible with the ERC20 tokens.

The price of the Uniswap token is $5.31, compared to an all-time high of $45. Any dip buyer investor would find it attractive. However, UNI is largely bearish despite the recent recoveries.

Where to buy UNI

eToro

Buy UNI with eToro today

OKX

Buy UNI with OKX today

GMX

GMX is another DEX token that has been popular recently after getting listed on Binance. The platform has also been attracting investors exiting from centralised exchanges. So what is GMX?

GMX is a decentralised exchange that supports spot swaps and perpetual futures. The platform first launched via the Arbitrum One network when it went live in September 2021. Users enjoy up to 50 times leverage on the exchange. Unlike the centralised exchanges, users keep custody of their assets through a crypto wallet.

The DEX is known for zero-price impact trades and low swap charges. Analysts have lauded the platform for giving investors unmatched trading fees of up to 30%.

GMX trades at $46 in a market correction after tapping $60 in a bullish market. The latest high was near GMX’s ATH of $66.

Where to buy GMX

Final verdict

Uniswap is a more established network. UNI suits investors looking for a token of a platform that has outlived several crypto seasons. Dip buyers may also consider UNI a more suitable token as the price is deeply low. On the other hand, GMX ranks ahead in investor earnings through trading fees. The token could be a better option for short-term investors but not dip buyers.

The post Uniswap versus GMX token? Two DEX contenders, but which one is better? appeared first on CoinJournal.

23. Dezember 2022

Axie Infinity breakout on a symmetrical triangle incoming after Google Play Store win?

Axie Infinity has lost 95% of its value from its ATH
The cryptocurrency trades on a symmetrical triangle
A breakout could shape the next price direction for AXS

Axie Infinity (AXS/USD) has been one of the hardest-hit cryptocurrencies this year. The token of the play-to-earn platform has lost 95% of its value from its all-time high. However, the last two months of the year should give some hope.

AXS bottomed at $5.9 in early November. The cryptocurrency made some bullish price spikes occasionally, one time touching $14. The price, followed by sudden falls, has failed to inspire a comeback. However, AXS’s price action shows the cryptocurrency has been on a steady ascend. Trading at $7.0 as of press time, AXS had maintained a near-symmetrical triangle. What is its price next?

Perhaps we should start by mentioning that Axie Infinity witnessed some boosts from the latest cryptocurrency news. That Axie Infinity’s Origins game app was successfully okayed on Google Play Store. Axie lovers would be excited at the news as it opens more opportunities for Web 3.0 gaming. Axie said the approval allows it to continue “testing and improving the game.” The team also lauded the development as key to launching Origins in other parts of the globe.

Enough to make the Axie Infinity token explode? No, but there are positives from the price action.

AXS maintains a short-term price recovery

AXS/USD Chart by TradingView

On the daily chart, AXS trades on a symmetrical triangle, although the descending trendline is a bit steeper. The RSI is recording improvements, although the reading is below the midpoint.

AXS will break out next from the symmetrical triangle.

Will AXS break higher or lower

A break from a symmetrical triangle can occur on the upper or lower side. A break out at the descending trendline would set the momentum to bullish. We consider this as the most likely scenario since AXS price is emerging from a bottom. On the contrary, AXS could break lower to trade back to the bottom price.

Where to buy AXS

eToro

Buy AXS with eToro today

OKX

Buy AXS with OKX today

The post Axie Infinity breakout on a symmetrical triangle incoming after Google Play Store win? appeared first on CoinJournal.

23. Dezember 2022

Which cryptocurrencies are likely to find their way into Twitter’s payments?

Investors anticipate Twitter to add cryptocurrencies to its payment methods
DOGE, BNB, and MASK are thought to be the likeliest additions
An addition would be followed by price surges

The acquisition of Twitter by Elon Musk elicited enthusiasm from most crypto enthusiasts. A long-standing question has been whether the acquisition will pave the way for accepting cryptocurrencies as a form of payment. The potential addition of “Payments” under Twitter’s vision, dubbed Twitter 2.0, raised the speculations. The following three are touted as the most likely:

Dogecoin (DOGE)

Surely Dogecoin (DOGE) cannot miss the list. After all, Musk has often been labelled the Dogecoin father owing to his support for the meme cryptocurrency. The token, created in 2013, has often been called a joke coin due to its limited utility.

DOGE was the first cryptocurrency to gain strongly when Musk acquired Twitter, underlining investors’ speculations. In early November, Binance announced the Bluebird Index, which included DOGE. As you already know, the “bluebird” is associated with the Twitter logo. That raised speculations that the crypto exchange was preparing to track Twitter-accepted cryptocurrencies.

Where to buy DOGE

eToro

Buy DOGE with eToro today

Binance coin (BNB)

Binance (BNB/USD) is the other most rumoured cryptocurrency for Twitter payment. It is the native token of Binance, the world’s largest crypto exchange. Binance helped Musk acquire Twitter, raising speculations that the billionaire investor could return gratitude by accepting BNB as payment. Besides that, BNB is now part of the Bluebird Index. Binance CEO has also hinted at possible support of BNB on Twitter.

Where to buy BNB

eToro

Buy BNB with eToro 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 BNB with Binance today

MASK

The token of the Mask Network (MASK/USD) is the last cryptocurrency in Binance Bluebird Index. The launch of the index was followed by a strong surge in MASK price as investors speculated it could make a cut in Twitter’s payment. After all, CZ has supported the idea of the use of several cryptocurrencies on Twitter’s payment module. The inclusion in the Bluebird index is the clearest sign that MASK is a crypto to watch if Twitter implements payments.

Where to buy MASK

OKX

Buy MASK with OKX today

Binance

Buy MASK with Binance today

Summary

There are numerous cryptocurrencies that could make a cut on Twitter payments. However, DOGE, BNB, and MASK occupy the slots of top contenders. Watch their price movements if Twitter and Musk give the next hint.

The post Which cryptocurrencies are likely to find their way into Twitter’s payments? appeared first on CoinJournal.

21. Dezember 2022

Is PancakeSwap’s bullish market over?

PancakeSwap was bullish up to November, doubling in price
PancakeSwap token has been weighed by the risk contingencies of the FTX sage
The cryptocurrency remains on a downtrend and risks a lower low

It seems that PancakeSwap (CAKE/USD) will have to end 2022 on a low note. CAKE was among a handful of cryptocurrencies that looked strong in the face of a bear market. However, it couldn’t last beyond November. The aftermath of the FTX collapse has taken a toll on the cryptocurrency. Why has this so yet tokens of decentralised exchange or DEX surged post-FTX saga?

The decline in CAKE happens potentially due to its connection with Binance. The cryptocurrency is based on the Binance Smart Chain. Thus, the confidence crisis facing centralised exchanges, including Binance, may have infiltrated PancakeSwap. It does not necessarily mean that is the case, though, as the bear market is also ravaging crypto markets.

With CAKE touching a crucial resistance at $5.0 in early November, investors could have exited positions. That, of course, was inspired by the FTX collapse that sent most crypto tokens tumbling. Investors would not have risked the profits they had made since CAKE had already doubled in value since the June lows. Based on these, CAKE’s bullish market is over, at least in the meantime.

CAKE’s technical outlook is bearish as price retests resistance

CAKE/USD Chart by TradingView

A technical outlook shows CAKE retesting a resistance at $3.5. The price has stalled since touching the level, suggesting a possibility of a correction to the downside.

The MACD indicator is very bearish for cryptocurrency. The RSI reading has slightly improved since touching oversold conditions as the CAKE price fell to $3.1. The reading remains below the midpoint, indicating that bears are in control.

What is the likely next price of CAKE?

CAKE price will stay bearish unless bulls recover above the $3.5 level. The next potential price level for the cryptocurrency lies at $2.8 and $2.6. Investors should keep off until the bearish movement subsides and should buy CAKE on a bullish reversal confirmation.

Where to buy CAKE

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 CAKE with Skilling today

Binance

Buy CAKE with Binance today

The post Is PancakeSwap’s bullish market over? appeared first on CoinJournal.