Kategorie: Crypto Analysis

XRP is the best performer amongst the top 10 cryptocurrencies by market cap today after rallying by more than 10%.

XRP, the native coin of the Ripple ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap on Friday. The rally comes after Ripple scored an important win in its ongoing case with the United States Securities and Exchange Commission (SEC).

The positive performance coincides with that of the broader cryptocurrency market. The total crypto market cap is close to $950 billion after adding more than 1% to its value in the last 24 hours.

Bitcoin, the world’s number one cryptocurrency, could be heading towards the $20k resistance level after adding more than 1% to its value today. Ether is also up by more than 1% and is trading at $1,345 per coin at press time.

XRP’s rally comes after the United States District Court Judge Analisa Torres overruled the SEC’s second attempt to withhold the documents relating to former Division Director William Hinman.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: JUDGE TORRES OVERRULES THE SEC’S OBJECTIONS AND ORDERS THE SEC TO TURN OVER HINMAN DOCUMENTS. https://t.co/FzcdgNX59Z

— James K. Filan 🇺🇸🇮🇪 115k (beware of imposters) (@FilanLaw) September 29, 2022

According to the documents, Hinman said Bitcoin and Ether are not securities. The SEC has now been asked to release the documents, and Ripple believes they contain a key piece of evidence in the case the SEC has brought against it.

Key levels to watch

The XRP/USD 4-hour chart has turned bullish as XRP has been performing well over the last few hours.

XRP/USD Chart By TradingView

The MACD line crossed from the negative zone into the positive region, indicating that the bulls have regained control of the market. 

The 14-day relative strength index of 63 shows that XRP could enter the overbought region if the rally continues.

At press time, XRP is trading at $0.49010 per coin. If the bulls remain in charge, XRP could surge past the $0.5413 resistance level before the end of the day.

Unless there is an extended rally, XRP could find it hard to move past the $0.69440 resistance level over the weekend. 

Where to buy now

eToro

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The post XRP soars by 11% after Ripple score a huge win in its ongoing SEC case appeared first on CoinJournal.

One of the markets that have a lot of potentials to take off in October is the NFTs market. That’s because some of the largest corporations in the world are getting into NFTs, and that means not just the potential for value growth but also FOMO. That’s why as we head into the new month, it makes sense to start scouting for top NFT cryptocurrencies that stand to make the most gains heading into the new month.

To do this, you need to look at where the big corporations that have an interest in Web 3.0 and specifically NFTs are placing their bets. Among the corporations that are setting the narrative are Disney, Apple, and Mastercard.

Disney recently announced an accelerator program for Web 3.0 projects. On its part, Apple has announced that developers can buy and sell NFTs through the App store, a big move given the huge number of people that use the Apple Store. Mastercard has not been left behind either and has announced that its European clients who are invested in top NFTs like crypto punks can now customise their cards and also stake Hi tokens via Mastercard Debit cards.

Going by the moves that the big corporates, here are three NFT and Web 3.0 cryptocurrencies to watch in October.

ApeCoin (APE)

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ApeCoin (APE) makes it to the top of NFT cryptocurrencies that could do well in October 2022, and for a good reason. The move by Mastercard for NFT customised debit cards, more specifically, Crypto Punks is likely to trigger speculator interest in ApeCoin. That’s because it is the cryptocurrency associated with the Crypto Punks and Bored Ape lines of NFTs. As such, if speculators expect ApeCoin to benefit from the excitement around the MasterCard news, APE could rally purely on FOMO.

Polygon (MATIC)

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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.

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With all the excitement around NFTs especially in the entertainment world, investors are likely to start looking into cryptocurrencies that are on the radar of big corporations. Polygon is one of those that have in recent times attracted the attention of a strategic corporation, and that’s Disney. 

A while back, Polygon hit the news after it was included in Disney’s accelerator program. The move was part of Disney’s broader strategy of getting into crypto, and more specifically in Web 3.0. As such, if there is FOMO around NFT cryptocurrencies in October, Polygon (MATIC) is uniquely positioned to benefit.

Sandbox (SAND)

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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.

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Sandbox (SAND) is also likely to be on speculators’ radar thanks to recent moves by music powerhouse Warner Music. Warner Music has announced that it is partnering with OpenSea to let artist sell their music as NFTs. This is a big deal for Sandbox because Warner Music already has a music Metaverse on Sandbox. 

In essence, as the company continues to grow its virtual world presence, so will the value of its Metaverse. This news is likely to create speculator excitement around Sandbox not just in October but for many months to come. If the broader market turns bullish in October, Sandbox could end the month up by double or triple digits.

The post Top NFT cryptocurrencies to watch in October as large corporations dig in appeared first on CoinJournal.

Just a day before the end of September, the European Central Bank released a report on the progress of the EU’s move toward a digital Euro. Per the report, they are making progress towards a CBDC. Many other countries have made headlines throughout September over intentions to pivot towards digital fiat, an indicator that CBDCs will soon be a global phenomenon.

While they are efficient, digital fiat currencies have privacy concerns that will likely see more people take an interest in privacy cryptocurrencies. That’s why there is a good chance that going into October, privacy coins could bounce back.

Below are three privacy coins that we believe could make a resurgence in October after flying under the radar over a couple of years.

Monero (XMR)

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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.

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Monero (XMR) is one of the best privacy coins on the market today. Monero’s privacy technology is so advanced that it is one of the few truly fungible cryptocurrencies ever made. For this reason, Monero stands out as one of the best privacy-focused coins that could do well in October and even into the distant future. 

ZCash (ZEC)

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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.

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ZCash (ZEC) is another top privacy coin that could do well if privacy coins take off in October. Like Monero, ZCash’s Zero Knowledge Proof approach to privacy is among the best in the market. Besides that, ZCash has the advantage of regulatory compliance. That’s because ZCash has both the option of private transactions and non-anonymous KYC transactions. 

Dash (DASH)

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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.

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Dash (DASH) also makes it to the list for its strong privacy tech. One thing that makes DASH unique from the other privacy coins is its high degree of adoption. Dash is widely used, especially in South America, for everyday payments. This means it has substantial intrinsic value, and FOMO around privacy coins could take it to new levels.

The post Top privacy coins to watch in October as EU reports on digital Euro appeared first on CoinJournal.

Like other financial markets, the cryptocurrency market is set to end September in the red. This is due to the lingering geopolitical issues and raging inflation worldwide. However, one thing about cryptocurrencies is that with the right news, they can pump even when every other market is bearish.

For this reason, it makes sense to start scouting for cryptocurrencies with the big news coming up in October. Such cryptocurrencies have the potential to give you significant gains regardless of the prevailing conditions. 

To help you make that choice, here are 3 cryptocurrencies with big news coming up in October, holding significant price pump potential.

Chainlink (LINK)

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Chainlink (LINK) has taken a hit throughout 2022. However, there is reason to be optimistic about Chainlink in October. That is because, after many months of waiting, Chainlink staking could soon become a reality.

Speculation is rife that Chainlink Staking could be announced during the SmartCon 2022 that will run between September 28th and 29th, 2022. If the announcement is made, the excitement it will create could easily trigger a LINK rally in the short term. 

That’s because, besides this potential news, LINK is one of the most fundamentally strong cryptocurrencies in the market today. Chainlink is the largest decentralised data oracle in the market and today secures more than $20 billion in the DeFi ecosystem.

Quant (QNT)

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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.

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Quant (QNT) is not only a cryptocurrency to watch in 2022 but also one already showing promise. Just two days towards the end of September, Quant is one of the few cryptocurrencies in the green and is up by over 20%. 

Quant’s rally has much to do with expectations of what its founder will talk about at the CordaCon 2022. If he makes optimistic pronouncements and the current rally continues into October, FOMO could kick in and send Quant to new heights within the month. 

Besides CordaCon, Quant is one of the strongest cryptocurrencies from a fundamental’s perspective. As such, a price rally could turn investor sentiment positive and take Quant to new heights longer term. 

Binance Coin (BNB)

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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.

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Binance Coin (BNB) has been among the most respected and successful cryptocurrencies for years. While it has dropped for the better part of 2022 due to macro factors, there is reason to be bullish on Binance Coin in October. 

That’s because Binance, the world-leading cryptocurrency exchange behind Binance Coin, is currently on a global campaign to encourage crypto tourism. This is a big deal because as they do this, they are also creating more exposure to cryptocurrencies. Since Binance Coin is the native token to the Binance ecosystem, it’s pretty natural that they will promote it more than the other cryptocurrencies. 

At the same time, the Binance Coin quarterly coin burn is expected at some point within the month. Since it will take millions of BNB tokens out of circulation, Binance Coin could end up as one of the top-performing cryptocurrencies in October and for many months.

The post 3 Cryptocurrencies with big news that could rally in October appeared first on CoinJournal.

• PancakeSwap token has pumped by 12% in the past one week

• CAKE has ranked high on social metrics in the week 

• The cryptocurrency has met a psychological $5 resistance and could correct

PancakeSwap CAKE/USD continues to excite despite the broader market slump. The cryptocurrency trades at close to $5, the highest in 4 months. On crypto ranking, PancakeSwap has moved to #60, up from #78 in July. This week, the cryptocurrency has gained by more than 12%.

CAKE’s gains coincide with positive social metrics. On September 29, the cryptocurrency was the second most mentioned BNB Chain project on Twitter. The social media mentions coincided with a 3.95% price jump in 24 hours.

Again on September 24, CAKE ranked second behind XRP on the AltRank list. The list ranks tokens based on social metrics and indicates upside anticipation for the coin. Aappratenly, CAKE was trading at $4.5 on the same date before surging to touch $5 earlier today.

CAKE meets resistance at $5 after weekly gains

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.

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Source – TradingView

Technically, CAKE has been moving in a system of higher highs and higher lows. The price action indicates a building and sustained bullish momentum. The token has corrected slightly after meeting resistance at $5. The level coincides with overbought conditions, with the RSI at 70. 

Concluding thoughts

Being overbought does not mean that CAKE will undergo an outright correction. Instead, it suggests that buyers may exit positions, which could force a market correction.

With a positive price movement since June, CAKE is among the cryptos to beat the weak sentiment. With the projected correction at $5, buyers would look again to scoop the token at $4.5.

On the flip side, if CAKE manages to break above $5, it could initiate a longer-lasting recovery. An upside could see the token face minor resistance at $5.7.

The post PancakeSwap prediction as price maintains uptrend appeared first on CoinJournal.