Kategorie: Crypto Analysis

• Litecoin has gained 13% in the past week

• The network ended 2022 with record transactions

• Investors speculate further gains, although $80 is a crucial level to watch

Litecoin (LTC/USD) began 2023 on a strong footing. The cryptocurrency is among the top gainers, with a gain of nearly 13% in the week. That comes even as trading volumes rise, with an intraday 22% surge. Does this send a bullish note?

2022 may be a difficult year for all cryptocurrencies, including Litecoin. However, Litecoin saw increasing growth, with 52 million new addresses. According to Litecoin’s update on the last day of 2022, the network processed over 39 million transactions last year. This is a new record, which investors could look at to predict a bullish push in 2023. 

DeFi firm Abra CEO Bill Barhydt thinks Litecoin is “important.” Barhydt says Litecoin is the only p2p decentralised payment ecosystem that has outlived 10 years of uptime. He says Litecoin is also superior to Bitcoin in terms of testing new technologies.

Digging deeper into 2023, analysts expect it to be a busy year for Litecoin. Galaxy Trading expects the token to return up to 100% heading into LTC’s halving event. The price has already been reacting to these important developments.

LTC price outlook as token retests resistance

LTC/USD Chart by TradingView

On the daily chart, LTC is testing a resistance zone around $77-$80. The price has maintained along a short-term trendline after bouncing off from the $64 support. The MACD indicator has turned bullish and shifted above the neutral zone.

Is LTC attractive?

The gain by LTC is an opportunity for buyers to ride the bullish push in 2023. However, sustained gains in the cryptocurrency will depend on whether bulls will overcome resistance at $80. The cryptocurrency is retesting the resistance with an opportunity for a breakout. Investors can buy LTC on the breakout. 

On the flip side, investors could watch how LTC behaves at the short-term trendline. A drop below the trendline could see the cryptocurrency retest the support at $64.

Where to buy LTC

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 LTC with eToro today Disclaimer

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 LTC with OKX today Disclaimer

The post Litecoin remains bullish, but it must overcome a key level appeared first on CoinJournal.

• Near Protocol price jumped on Wednesday.

• This price was in sync with other Sam coins like Solana and Serum.

Near Protocol paused its remarkable sell-off as Sam Coins staged a strong comeback. The coin rose to a high of $1.428, which was the highest level since December 16. It has rallied by more than 14% from its lowest level in 2022.

Sam Coins rebound

Near Protocol is one of the few cryptocurrencies that are known as Sam Coins. Sam refers to Sam Bankman-Fried, the embattled founder of FTX and Alameda Research. At its peak, FTX was valued at over $32 billion, making it the second-biggest exchange in the world after Binance, as we wrote here.

Sam coins are those cryptocurrencies that Bankman and his empire had invested in. As part of his investment, he often received crypto tokens that he could exchange for fiat currencies. Therefore, with his empire dead and with his legal peril increasing, most investors have decided to exit Sam Coins.

Other popular Sam Coins are Solana, Serum, Bonfida, and Ren. Solana has been one of the worst performers in the crypto industry after the collapse of FTX. Its DeFi ecosystem has lost billions of dollars and it currently stands at $350 million.

Near Protocol has also struggled in the past few months. Its popularity among investors has waned while the total value locked (TVL) in its DeFi ecosystem has crashed to $98 million. At its peak in May 2022, Near had over $800 million in assets. Most apps in its ecosystem have lost value in the past 30 days. They include Ref Finance, Burrow, Meta Pool, and Linear Network. The same is true with other apps in its network.

Near Protocol price also rose after the foundation changed how it makes grants. Going forward, the foundation will stop investing in its inbound start-up grants programs. It will also work with DAOs, with processing within 6 to 8 weeks.

Near price prediction

NEAR chart by TradingView

The four-hour chart shows that Near Protocol price has staged a strong recovery in the past few days. As it rose, it moved above the important resistance point at $1.37, which was the highest point on December 27.  It has also moved slightly above the 25-day and 50-day moving averages.

Therefore, Near price will likely resume the bearish trend as the momentum of Sam Coins wanes. If this happens, the next key level to watch will be at $1.30.

How to buy Near Protocol

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 NEAR with OKX today Disclaimer

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 NEAR with Binance today

The post Near price stages a slow recovery: Will these gains hold? appeared first on CoinJournal.

• Liquid staking is a simple and better way of staking cryptocurrencies.

• Lido, SSV Network, and Ankr Protocol are the best liquid staking tokens.

Liquid staking has become a popular way of earning returns in the cryptocurrency industry. Unlike conventional staking, it is seen as a better way of making passive income since it allows users to withdraw their cash at any time. After depositing funds, a user receives a certificate, which they can redeem for cash. Here are some of the best liquid staking tokens to buy in January 2023.

Lido

Lido is the biggest liquid staking protocol in the world. It is a platform that makes it possible for people to stake popular cryptocurrencies like Ethereum, Solana, Polkadot, and Kusama. According to DeFi Llama, Lido has now overtaken Maker to become the biggest DeFi protocol in the world with over $6.1 billion in assets. You can read more about this in this article. Most of these tokens in the ecosystem are Ethereum followed by Solana and Polkadot.

Lido has gone through numerous challenges in the past. The biggest one is the collapse of Terra in May 2022. This was a major setback since it was the second-biggest part of its ecosystem. Most recently, it suffered as Solana lost billions in value after the collapse of FTX. Still, LDO price has done well this year as it has jumped by more than 37% from its lowest point in 2022.

How to buy Lido

Binance.US

Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.

Buy LDO with Binance.US today

SSV Network

SSV Network is another liquid staking token to consider. Unlike Lido, SSV provides infrastructure that developers use to build their ETH staking dApps. Precisely, it provides a decentralized validator infrastructure that blockchain developers use. In fact, Lido is one of the top apps in its ecosystem. It uses SSV’s distributed validator technology that enables multiple node operators, which reduces single points of failure. 

SSV price has also done well this year. It rose to a high of $12, which was the highest level since December 15. It has jumped by more than 80% from the lowest level in November.

How to buy SSV Network 

Ankr Protocol

Ankr Protocol is another blockchain infrastructure project that provides numerous solutions, including liquid staking. It has a total value locked (TVL) of more than $147 million. Most of its assets are in Binance Coin and Ethereum. Other coins are Avalanche, Polkadot, and Fantom. 

Ankr also provides other solutions like RPC services, advanced gaming SDKs, and AppChains. AppChain makes it possible for users to launch their own blockchains in a simple step. Ankr price has diverged from other liquid staking tokens like SSV and Lido. It has plunged to $0.01, which was the lowest level on record. The coin will likely bounce back as liquid staking tokens rebound.

How to buy Ankr Protocol

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 ANKR with eToro today Disclaimer

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 ANKR with Binance today

The post Best liquid staking tokens for January 2023 appeared first on CoinJournal.

Investors all across the crypto scene are reflecting deeply on a tough year, while actively seeking out opportunities for life-changing gains. It’s no surprise that some more established projects like ApeCoin are being carefully looked at, but it’s a newcomer, Metacade, that’s really starting to shake things up.

Keep reading to learn more and see if the Metacade and ApeCoin price predictions below can help shed some light on the best investment for your hard-earned cash.

What is Metacade?

Metacade has taken on the world of gaming, looking to establish a new community that fuses together the best of both gaming and crypto into an immersive experience – allowing gamers and crypto lovers to connect with one another while playing their favorite games.

Metacade has set out to provide gamers with a one-stop shop for all their gaming needs. Most importantly, Metacade features a play-to-earn arcade with aspirations for a huge number of titles, allowing users to earn rewards in the process — including through competitive play in tournaments and other ways of engaging with the community. The project also supports staking for token holders, allowing MCADE holders to earn a passive income while contributing to the ecosystem. 

How does Metacade work? 

Metacade uses the MCADE token throughout its platform. It is required to enable much of the functionality; for access to games, as well as for entry into competitive gaming tournaments and prize draws.

Easily the most novel element is Metagrants, where funding for metaverse game development will be up for grabs to talented game designers. Token holders within Metacade’s community can vote for which projects are funded and later could even earn rewards for testing the very games they supported. All of this is to take place thanks to one of the platform’s core philosophies of Work2Earn.

The team behind Metacade is working towards achieving full DAO governance by Q4 2024. This will involve handing over key roles and responsibilities to the Metacade community so that it becomes a fully community-staffed business, and to ensure the project measures up to the high standards required in Web3, Metacade has submitted its specification, smart contract, and team for a Certik audit.

Metacade looks set to be an incredible investment opportunity, with all signs pointing towards a bright future ahead and with huge potential for both developers and gamers alike looking for new opportunities on Web3 platforms.

MCADE Price Prediction General

MCADE is the powerful utility token used throughout the Metacade platform. Aside from the staking transactions, it also provides two wide-ranging use cases: as a medium of exchange and within the Metacade rewards system.

The value element of MCADE means that as adoption increases, the need for more MCADE to be held by the user base increases – as more users look to play games, developers seek funding, as well as the host of other gaming activities facilitated by the Metacade ecosystem.

The retention of users is aided through the rewards offered on the platform, further strengthened by the security and transaction fee benefits that come with being on the Ethereum network. All of it means the project is likely to continue to build momentum, putting sustained buying pressure on the MCADE token.

In light of these factors, it seems clear that the price of MCADE is likely to increase significantly. This is likely to occur as soon as 2023 due to the exciting roadmap deliverables, of both the classic arcade launch and the awarding of the first Metagrant. As more users begin to see the exciting reality of the platform and FOMO kicks in, a price prediction of 30x from the presale is not out of the question.

As for a price prediction further into the future, it’s useful to look at the market cap for projects like The Sandbox, which comfortably achieved a $6 billion market cap in 2021 despite a small user base. As such, a $20 billion market cap for Metacade is achievable if their vision continues to stay on course over the next few years, meaning the price could increase 1,000x to $10.

ApeCoin Price Prediction General

ApeCoin is relatively new itself, having launched in March 2022, and has been adopted by popular NFT releases Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). The Bored Ape ecosystem focuses on NFTs and especially collectables and art.

The ambition of ApeCoin, run by the community through a DAO, is to try to allow community governance to provide an art-first ecosystem that can provide value to creative industries.

The ApeCoin price prediction is difficult, but with so many unknowns and regulatory concerns in the US, it’s hard to see a dramatic price rise. Indeed, if ApeCoin can rise by 20% in 2023 to $4.60, that would be deemed a big success for the project — hence why many believe Metacade will likely surpass the well-known project sooner rather than later. 

Metacade – Set to see dramatic price rises

The challenges facing APE make the ApeCoin price prediction sobering, but there’s still a chance of a reasonable amount of upside. In contrast, it’s hard to ignore the potential that Metacade offers. Reviewing the Metacade and ApeCoin price predictions leaves all rational investors with only one real choice for life-changing gains.

It’s no wonder that Metacade, even in its early stages, is attracting so much attention from crypto communities. With stage 1 of the presale underway, the MCADE tokens available are likely to have been secured by savvy investors very soon.

You can participate in the Metacade pre-sale here.

The post ApeCoin (APE) Price Prediction: Here’s How Metacade (MCADE) Will Outpace Apecoin in 2023 appeared first on CoinJournal.

• FLOW is up by more than 8% today, outperforming the other coins and tokens in the top 100 list.

• The broader crypto market has recovered from its poor performance this week.

• Bitcoin and Ether are trading in the red zone.

FLOW outperforms the other major cryptocurrencies

FLOW, the native coin of the Flow blockchain, emerged as the best performer amongst the top 100 cryptocurrencies by market cap on Tuesday. The coin has added more than 8% to its value today and could rally higher soon. 

At press time, the price of FLOW stands at $0.7193. There is no catalyst behind FLOW’s ongoing positive performance.

The surge comes as the broader crypto market recovers from its earlier slump. The total cryptocurrency market cap stands above $805 billion, up by less than 1% in the last 24 hours.

While FLOW is rallying, some of the major cryptocurrencies are outperforming. Bitcoin is down by less than 1% today and could record further losses in the coming hours. The price of Bitcoin currently stands at $16.735. Meanwhile, ETH has also lost less than 1% of its value and is now trading at $1,215 per coin. 

Key levels to watch

The FLOW/USD 4-hour chart has just turned bullish, as FLOW has been performing well in the last 24 hours. The technical indicators show that FLOW could rally higher soon.

The 14-day relative strength index of 75 shows that FLOW could be heading toward the overbought region if the rally continues. 

The MACD line crossed into the positive zone a few hours ago, indicating that the bulls are now in charge. With a more bullish move, FLOW could surge past the first major resistance level at $0.874 before the end of the day.

With the support of the broader cryptocurrency market, FLOW could cross the $1 psychological level for the first time since December 11. 

Where to buy FLOW now

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 FLOW with OKX today Disclaimer

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 FLOW with Binance today

The post FLOW leads the charge as broader crypto market experiences mixed performances appeared first on CoinJournal.