Kategorie: Crypto Analysis

For yet another time, Chainlink (LINK/USD) is showing that it is punching below its knees. LINK has been trading within a tight range, with bearish pressure pushing the cryptocurrency below an ascending trendline. The token has since recovered, and a strong bullish momentum is building. So what happened?

LINK added more than 7% on Friday, taking the total gains in the week to 20%. The gains came after crucial cryptocurrency news for Chainlink. According to a Thursday announcement, Chainlink has partnered with Seedify Fund. The entity is a major gaming, metaverse, and NFT launchpad and incubator. Seedify Fund will rely on Chainlink’s oracle services to power growth in NFT and GameFi sectors.

Besides, Chainlink staking remains a key price trigger for growing adoption, boosting the native token. As of the end of October, the number of addresses holding at least 100,000 LINK hit 459, the highest since 2017. The rising investment reflects optimism around Chainlink staking, expected by the end of 2022. Consequently, amid the recent LINK struggles, positive developments could support the price towards the year-end.

LINK crosses above the 200-day MA for the first time since January

Source – TradingView

Technically, LINK has broken past the $8.0 resistance in a bullish push. The cryptocurrency currently trades at $8.4. Buyers are active on the token, with an RSI reading of 65, near the overbought region. 

A key bullish indicator is the price recovery above the 200-day moving average. The last time that LINK traded above the longer-term MA was mid-January 2022. 

What next for LINK?

A breakout at $8.0 will be confirmed by closing the candlestick above the crucial resistance. That will see $8.0 become a support zone and encourage more buyers to snap the token.

On the flip side, in a less likely scenario, LINK will close below $8.0. In such a case, the price may consolidate before gathering momentum to push above the resistance again. 

Buyers need to be patient before buying LINK. However, the bottom line is that LINK is about to turn bullish, and early birds will catch a worm.

Where to buy LINK

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 LINK 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 LINK with Capital.com today Disclaimer

The post Chainlink is about to pull a bullish trigger. Here is what could happen next appeared first on CoinJournal.

Binance native token (BNB/USD) price has hit a new level. At $352, BNB is trading at the highest level since May 09, 2022. That comes as numerous developments continue to trickle in for the world’s largest crypto exchange. From a brief technical outlook, the native token is about to initiate a “golden cross,” and the next move could be unstoppable.

As you already know, Binance continues to be dragged into Twitter’s acquisition developments. Binance CEO Changpeng Zhao is, nonetheless, not keeping it under the sheets, going by his latest comments. CZ said, on Wednesday, that he was ready to join Twitter’s board on Elon Musk’s invitation. Twitter hasn’t invited him yet, but with the now cordial relations with Musk, it remains a possibility. That would, of course, strengthen speculations that BNB will be core to Twitter’s payment methods.

Binance also maintains an eye on growth, and investors could look and see a lot of utility in the native token. As part of an expansion spree, CZ says he is open to investing in banks or even full acquisition. According to CZ, collaboration with banks is a good way to attract new users.

The latest insights have seen BNB continue to soar higher. As of press time, BNB had made an intra-day gain of more than 8%. The token has added 20% in the past week. A key breakout confirms a bullish trend. 

BNB’s 50-day MA eyes a crossover above the 200-day MA for a “golden cross”

Source – TradingView

On the technical side, BNB initiated a breakout above $330 crucial resistance. The token trades near the next resistance at $360. However, a potential “golden cross” could be a strong bullish trigger to take BNB to above $400.

A “golden cross” occurs when the 50-day MA crosses above the 200-day MA. It earmarks the start of long-lasting bullish trends. Looking at the daily chart, the 50-day MA is closing the gap with the 200-day MA. A golden cross could be confirmed soon that will sound bull alarms and set BNB to a lasting recovery.

Should you buy BNB?

BNB remains attractive after the recent breakout. Investors should buy on a retracement as the token is nearing a resistance zone.

Where to buy BNB

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 BNB 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 BNB with Capital.com today Disclaimer

The post BNB nears a “Golden Cross” as the token confirms another breakout appeared first on CoinJournal.

It is another good day for Polygon (MATIC/USD). CoinJournal reported that tech giant Meta would use Polygon for its digital collectibles. Meta says that creators can make their own NFTs on Instagram, which they can sell to their fans. The company said it was testing the new digital collectibles features with the US creators but will expand to more countries soon.

The chance to help Meta in its NFT endeavours is significant news for Polygon’s native token, MATIC. The cryptocurrency traded up 18% on Friday, with sharp gains likely to continue. There is more notable news fueling MATIC.

After Meta news, reports emerged that JPMorgan had performed its first DeFi trade on the Polygon. The trade was in conjunction with Project Guardian, a pilot blockchain program by the Monetary Authority of Singapore. JPMorgan had selected Polygon instead of Ethereum because of its low transaction cost.

The latest developments are positive for the Ethereum Layer-2 scaling solution. The network has lately witnessed increased activity. As you already know, the Reddit platform has eyes on Polygon for its NFT plans. Recently, BitPay announced support for Polygon and MATIC. These developments have buoyed MATIC, which has remained bullish as other cryptocurrencies whipsawed.

MATIC outlook as price clears a resistance to a 6-month high

MATIC trades at a 6-month high of $1.154. The price has been reached after a key breakout at $0.96, which we use as a key pointer for further gains. 

Source – TradingView

Technically, MATIC has a bullish bias after a break above the $0.96 resistance. Besides, a recent 20-day MA crossover of the 50-day MA underlines a bullish momentum. The next resistance for the cryptocurrency lies at $1.347.

Should you buy MATIC?

MATIC is attractive, given the strong bullish momentum. The fundamentals around the cryptocurrency also support buying it, with higher prices possible.

The current MATIC price could pose minor resistance and force some correction. That could be followed by sharp upticks up to the $1.347 target. Investors should consider potential retracements as opportunities to buy.

Where to buy MATIC

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 MATIC with eToro today Disclaimer

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 MATIC with Skilling today Disclaimer

The post Polygon’s MATIC clears resistance on Meta news. Here is the next potential target appeared first on CoinJournal.

Alongside Bitcoin, Dogecoin is likely one of the cryptocurrencies even your parents and grandparents have heard of. It was everywhere in 2021, but after a dramatic tumble in 2022’s bear market, many crypto investors have been left wondering, “will Dogecoin go back up?”. While the answer is ultimately uncertain, a new project called Metacade has been attracting some attention from the Dogecoin community.

In this article, we’re going to discuss the question, “Will Dogecoin go back up?” and why Metacade could soon overtake the top meme coin.

Will Dogecoin (DOGE) Go Back Up? Most Likely

Dogecoin (DOGE) jumped into the public eye in 2021 after a series of tweets from Elon Musk sent DOGE soaring to incredible heights. The meme token was even recently featured in an episode of Rick and Morty! But for those who missed out on the epic DOGE rally of 2021, most have been asking, “will Dogecoin go back up?”.

Despite having little real-world utility, Dogecoin has gained favor amongst crypto investors and tech giants alike, with Google recently announcing it would accept Dogecoin as payment for cloud services, according to FxStreet.com. Given what looks to be a floor in DOGE’s price, investors could soon be rewarded for their faith in the number one meme coin. 

So will Dogecoin go back up? It’s ultimately impossible to say. But given that it still maintains a loyal fanbase and is trading well below its peak of $0.74, with a worth of $0.058 in October 2022, there’s a strong chance that DOGE will rise once again in the next crypto bull market.

What is Metacade (MCADE)?

Metacade is setting itself up to be a community hub that’s putting itself at the centre of the upcoming gaming revolution. It’s a platform where gamers, crypto investors, Web3 enthusiasts, developers, and entrepreneurs go to explore the extraordinary world of GameFi.

Metacade’s primary objective is to be a key driving force in the GameFi industry. It’s not only aiming to be the number one destination for learning about and earning more from Play2Earn, but also fostering the industry’s most talented developers and helping gamers find their place working with their passion.

Why Are Investors Interested in Metacade (MCADE)?

Community-Centric Vision 

The team behind Metacade understands the impact that the gaming community has on the industry as a whole. Simply put, without the community, there is no gaming industry. That’s why building a platform with the community first is at the heart of Metacade’s philosophy. No matter the reasons for using the platform, Metacade intends to offer its users outstanding value at every step. 

Giving Back to the Players

Part of this plan is to allow users to feel the benefits of the value they give the Metacade platform directly. Traditionally, platforms encourage their users to review or help one another without rewarding them for it, allowing the platform to capture the value generated. Instead, if you post a review, offer some alpha, or generate content that helps others understand the world of GameFi, you’re paid MCADE tokens for your role in contributing to the community.

Funding Community-Backed Titles

Rewarding users is just the start of Metacade’s value proposition. In 2023, Metacade is launching Metagrants, a way for the community to decide on what games they want to see developed. Developers will enter their ideas into a competition for Metacade’s users to vote on, and the winner receives funding from the treasury. Winning developers can even use Metacade’s built-in testing environment to gather actionable feedback from the users most passionate about their project. 

Work and Play on the Same Platform

Metacade offers plenty of ways for users to boost their Play2Earn income, but their plans to launch a job board in 2024 might replace a player’s regular income entirely. Using Metacade, you’ll be able to find work ranging from testing games for a few hours a week to a senior developer role with a leading Play2Earn game studio. Even if your talents lie elsewhere, you’re bound to find an opportunity that suits you with Metacade.

Letting the Community Take Control

Eventually, there will come a time when the Metacade community is ready to spread its wings and become a decentralised autonomous organisation (DAO). When this happens, the core Metacade team will step down and allow community members to take their place. Once this happens, the Metacade community will have complete autonomy, forming the world’s first player-owned virtual arcade.

Will Dogecoin (DOGE) Go Back Up? Metacade (MCADE) Could Rise Even More

As established, the answer to “will Dogecoin go back up?” is likely to be yes. But for DOGE to deliver those gains seen in 2021 again, it’s logical to assume that the same amount of hype, or more, would be needed to fuel a DOGE rally. While this might occur, expecting new tricks from an old dog is questionable at best.

Meanwhile, Metacade has everything to see the same epic rise. It not only has the potential to grow a massive community, but it actually offers something outside of just being a meme token: utility. And while Dogecoin was fueled purely by speculation, Metacade will be fueled by the exponential growth the GameFi industry will see over the coming years. If Metacade can follow the same path as Dogecoin, then it could easily overtake DOGE and become one of the most talked-about tokens of 2023. 

In summary, will Dogecoin go back up? Probably, but not as much as Metacade.

You can buy Dogecoin at eToro here.

You can participate in the Metacade pre-sale here.

The post Will Dogecoin (DOGE) Go Back Up? Investors Are Getting Interested in Metacade (MCADE) Presale appeared first on CoinJournal.

Cryptocurrency prices had a relatively strong week as demand for some coins remained at an elevated level. Bitcoin remained steady at $20,000 while the total market cap of all coins surged to more than $1 trillion. The biggest crypto news was the decision by Meta to integrate NFTs in Instagram using blockchains like Polygon and Flow 

Perpetual Protocol (PERP)

Perpetual Protocol is a leading decentralized exchange (DEX) that focuses on perpetual futures. For starters, a perpeutual future is a financial derivative that is different from other futures products. The difference is that these futures don’t have an expiry date.

PERP price has been in a consolidation phase in the past few days. It has remained between the important resistance level at $0.58 and the support at $0.517. It made a big breakout on Thursday as it jumped to the highest level since October 16. 

Perpetual Protocol price has made a strong rebound and moved above the resistance at $0.58 and the 25-day and 50-day moving averages. The Relative Strength Index (RSI) has moved above the key overbought level.

Therefore, PERP will likely be a bit volatile during the weekend. My base case is that the coin will retreat to a low of $0.51 and then resume the bullish trend.

How to buy Perpetual Protocol

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 PERP with Binance today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy PERP with Bitstamp today

Solana (SOL)

Solana has been in a strong bullish trend in the past few weeks. It has managed to move from a low of $26.90 to a high of $32. It got supercharged this week after Meta Platforms unveiled its NFT project for its Instagram product. Initially, the company will be on Polygon, the biggest layer-2 network in the industry.

Solana price remains slightly above the 50-day moving average while the RSI has moved above the neutral point of 50. It has also formed an inverted head and shoulders pattern. Therefore, there is a likelihood that SOL price will keep rising during the weekend.

How to buy Solana

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 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 SOL with Capital.com today Disclaimer

Bitgert (BRISE)

Bitgert price had a mixed week. BRISE price initially crashed hard after Google delisted its application from the App Store. The coin then bounced back after a series of announcements. For example, it got listed by CoinX, making it available in one of the leading exchanges. 

Bitgert also partnered with ONTO Wallet, which is a decentralized, cross-chain wallet that makes it possible for users to manage their identities. Bitgert also changed the name of its wallet service to Nabox Wallet. Therefore, there is a likelihood that Bitgert will see a significant increase in activity during the weekend.

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.

The post Crypto price predictions: PERP, SOL, BRISE appeared first on CoinJournal.