Kategorie: Crypto Analysis

Filecoin FIL/USD has surged by more than 6% in the past week. The gains come amid positive sentiment for cryptocurrencies. But there is a notable development for Filecoin.

On October 27, Filecoin developers launched a content delivery network dubbed Saturn. The network will help Filecoin reach content bandwidth for dApps and lower the cost of running nodes.

The development is significant for the Filecoin network. In the current setup, participants are required to become Storage Providers for others. That forced SPs to have huge storage capacities, which barred many individuals and was expensive. 

With the new Saturn CDN node, participants will only need 1 terabyte of storage, down from the previous 10 TB. Filecoin expects the move to let more individuals contribute to its bandwidth and earn FIL. For this reason, the developers expect Saturn to unlock the next-gen growth of the protocol.

Despite the latest development, Filecoin’s native token is yet to post gains. As of press time, the cryptocurrency had lost by an intraday of 2.36%. A quick technical outlook shows that the price is under pressure. 

FIL trades near the June lows amid weak momentum

Source – TradingView

Technically, momentum is weak for Filecoin. Despite the gains in the week, the cryptocurrency maintains a clear downtrend. FIL price is also near the June lows, meaning that the cryptocurrency has lost its July gains. 

At the current price, FIL is getting rejected by the 50-day MA. Although the RSI shows some upside, the reading remains below the midpoint. It means that FIL still has more sellers despite buyers entering the market at around $5.

Should you buy FIL?

The latest development is positive for FIL price in the long run. However, FIL remains in a bear market. Buyers would be better waiting for a bullish confirmation.

Where to buy FIL 

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.

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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 FIL with Capital.com today Disclaimer

The post How bullish is Filecoin after this key development? appeared first on CoinJournal.

Elon Musk has finally acquired Twitter in a $44 billion deal. No one is as excited by the news as Dogecoin (DOGE/USD) investors. As of press time, DOGE had surged by 7%, taking the total gains to more than 41%. Buyer interest was so strong that the weekly gains were nearly in a parabolic pattern. Will the token continue to go higher?

The biggest indication is that DOGE would continue to rise after overcoming a key resistance level. Of course, DOGE investors are unlikely to retreat as long as the enthusiasm around Musk’s acquisition of Twitter remains. On Twitter and popular social trading platform Stocktwits, excited retail investors were hailing DOGE to $1. 

DOGE users grew even more optimistic after Twitter said it was testing “NFT Tweet Tiles” on Thursday. The move will see digital collectibles starting to get displayed on the social platform in the Musk era. Investors have speculated that the announcement will pave the way for the use of DOGE as means of payment. 

DOGE attempting to break above the 200-day MA?

Source – TradingView

Technically, bulls have a real test for DOGE at $0.08. This is the level that the price coincides with the 200-day MA. DOGE has not closed above the 200-day MA since November 2021.

If the buyers surpass the crucial zone, it could be a real welcome of a bullish market for DOGE. That depends on various factors, including the developments around the Twitter acquisition. Crypto sentiment is also a factor. 

Looking at the RSI, DOGE is strongly overbought. A possible correction could take the token back to a resistance-turned-support of $0.07. 

Will DOGE go higher?

Although DOGE is overbought at the intersection of price with the 200-day MA, buyers are still relentless. The price has slightly breached the 200-day MA. It is still not sufficient to be termed a breakout until the daily candlestick closes. 

Attention will shift to whether bulls will break about the 200-day MA, with or without a price correction. A possible breakout and positive development could be a welcome note for a lasting bull surge. 

Where to buy DOGE 

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 DOGE with eToro today Disclaimer

The post What holds for Dogecoin after overcoming a key resistance after Twitter acquisition? appeared first on CoinJournal.

Once again, a few cryptocurrencies are sending market waves. Despite remaining largely bearish this year, most tokens are turning up, showing what a bull run will look like. Probably, we are in a bull market. But, with macro shivers continuing to wreak havoc, we would be cautious about making a bull call now.

c is one such token that has surprised the market. Some may have written off the cryptocurrency after it slipped below a crucial $1 price. With a 65% increase in value in the last week, OP is easily one of the top-gaining cryptocurrencies. Improved sentiment has been boosting the token. However, the fact that OP has more gains underlines its strong fundamentals lately.

As CoinJournal reported, several developments have been boosting the Optimism token. One among them is the “OP Stack” launched earlier this month. Without getting into the details, Optimism has been selling itself as an efficient and low-cost blockchain of choice.

We also know that Ethereum has been robust in the past week. As a result, the positive sentiment could be flowing to its L2 scaling solution Optimism. In fact, Optimism considers itself an extension of the Ethereum software. Quoting, “If it works on Ethereum, it works on Optimism at a fraction of the cost” – Optimism team.

OP recaptures $1 resistance in a bullish market

Source – TradingView

The daily chart shows OP correcting after breaking past the $1 resistance level. The breakout suggests that OP has started a bullish momentum that could last for a while. 

The cryptocurrency is surging above the 20-day and 50-day MA. The MACD indicator has shifted above the midpoint and indicates a building momentum.

Should you buy OP now?

OP is a buy after the bullish breakout at the resistance. However, investors should wait for the price to settle at or around $1. A buy trade will be confirmed by a bullish signal at the mentioned level. The next target for the cryptocurrency is around $1.474 or $1.8, depending on the prevailing sentiment.

Where to buy OP

The post Readying to buy Optimism token after a key breakout is confirmed appeared first on CoinJournal.

Cryptocurrencies bounced back this week after spending a few weeks in a consolidation phase. Most coins, including Bitcoin, Ethereum, MATIC, and Chainlink jumped by more than 5%. Since there was no major crypto news, this rally was mostly because of macro factors as investors priced in a Fed pivot. Here are the best crypto under $1 to buy or trade in November.

Cardano (ADA)

Cardano price had a mixed week. It rose to a high of $0.4298, which was about 30% from its lowest level in October. ADA then pulled back to $0.3831 on Friday. 

Cardano has struggled this year as its market cap has crashed from over $90 billion to less than $13 billion. This happened as the prices of most coins slipped and as its ecosystem growth remained sluggish.

Recently, however, Cardano has started seeing traction in the NFT industry. Data shows that the volume of Cardano’s NFTs has been in a strong bullish trend in the past few months. Therefore, while Cardano’s ecosystem is not all that vibrant, there is a likelihood that its NFT ecosystem will push it higher.

How to buy Cardano

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 ADA with eToro today Disclaimer

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 ADA with Capital.com today Disclaimer

Bitgert (BRISE)

Bitgert price has been in a strong bearish trend in the past few months as its previous momentum waned. BRISE was trading at $0.00000048, which was about 71% below its highest level this year. 

For starters, Bitgert is a relatively small layer-1 network that seeks to become a better alternative to Ethereum. Its ecosystem is significantly faster than Ethereum and it has near-zero gas fees. Bitgert has been used to build projects like Spynx, IcecreamSwap, and Bitgert Swap.

It is unclear why Bitgert price has crashed hard recently. A likely reason is that its total value locked (TVL) in DeFi has plunged from over $10 million in September to about $5.5 million. Bitgert will likely rebound in the coming weeks.

How to buy Bitgert

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

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance 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 BNB 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 BNB for BRISE

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

Cronos (CRO)

Cronos is a blockchain project built on the Cosmos ecosystem. It is an EVM-compatible platform that aims to establish a market share in key industries like DeFi, NFTs, and the metaverse. It was launched by Crypto.com, one of the biggest crypto exchanges in the world. 

Cronos price has bounced back by more than 18% from its lowest level this month. This recovery happened even as its DeFi TVL crashed below $1 billion. Still, there is a likelihood that the coin will bounce back since it has formed an inverted head and shoulders pattern on the daily chart.

How to buy Cronos

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 CRO with Skilling today Disclaimer

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 CRO with Capital.com today Disclaimer

The post Best crypto under $1 to buy in November appeared first on CoinJournal.

Cryptocurrency prices had a strong week as hopes of a Federal Reserve pivot increased. Bitcoin managed to move above the key resistance level at $20,000 while Ethereum crossed the important level at $1,500. In total, the market cap of all cryptocurrencies jumped to over $1 trillion. In this crypto price predictions, we will look at the best coins to trade this weekend.

Ocean Protocol (OCEAN)

Ocean Protocol is a small but fast-growing blockchain project that provides on-ramp services for data services in the cryptocurrency industry. It is simply an open-source community marketplace for data. It owns veOCEAN, which is a means to lock OCEAN to enable users to vote in OceanDAO’s ecosystem and earn rewards.

Through Ocean Protocol, companies can publish and monetize their data, and then customers can buy it in its market. Some of the most popular data in its marketplace are the Ocean CEX Aggregator for Ethereum, Ocean ONDA DataFi Directory V4, and Transport Genie.

The daily chart shows that the OCEAN price found a bottom at $0.1462. It has now been moving slightly upwards and managed to rise above the 25-day and 50-day moving averages. The Relative Strength Index (RSI) has managed to keep rising. Therefore, there is a likelihood that the $OCEAN price will continue rising during the weekend.

How to buy Ocean Network

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 OCEAN with Capital.com 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 OCEAN with Binance today

Phala Network (PHA)

PHA is another crypto to trade this weekend. For starters, Phala Network is a parachain in Polkadot’s ecosystem that provides a permissionless computing protocol. It owns Phat Contract, a smart contract language with low latency, cross-chain computing, and internet services access. 

PHA price went parabolic this month after the developers invested in Cryptosat. The developers will also be hosting an event with Litentry and Compossable Finance. 

Phala will be hosting Polkadot Unbounded on Oct 29th in Lisbon with @litentry and @ComposableFin

Come by to hear our speakers and discuss the latest updates in the Polkadot ecosystem🍻https://t.co/sCZ3CKQgbg

— ₱hala Network (Hiring!) (@PhalaNetwork) October 27, 2022

On the daily chart below, we see that the Phala Network price went vertical this month. Most recently, the price has pulled back and formed what looks like a bullish flag pattern. Therefore, there is a likelihood that the coin’s price will bounce back soon.

How to buy Phala Network

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 PHA with Binance today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy PHA with Swapzone today

Ripple (XRP)

Ripple price has remained in a consolidation phase this week even as other cryptocurrency prices rebounded. XRP was trading at $0.4600, where it has been in the past few days. This price is about 8% above the lowest level this month. 

There has been no major activity on the ongoing SEC vs Ripple case in the US. This week, the SEC said that it was not taking a position on two motions filed in the case. Such a move could help Ripple Labs as it seeks to win the case.

XRP is a good coin to trade because its symmetrical triangle pattern is nearing its consolidation point. As such, there is a high possibility that it will stage a breakout in the near term.

How to buy Ripple

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 XRP with eToro today Disclaimer

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 XRP with Capital.com today Disclaimer

The post Crypto price predictions: OCEAN, PHA, XRP appeared first on CoinJournal.