Kategorie: Crypto Analysis

• Cryptocurrencies are pumping, but ATOM is lagging.

• ATOM’s fundamentals remain strong, and its staking rewards are above average. 

• ATOM is trading in a symmetrical triangle, signaling a potential breakout. 

The crypto market has been pumping for the past week and is now close to testing the $2 trillion market cap. In an environment where some altcoins are up by over 50%, Cosmos ATOM/USD hasn’t moved one bit. It has lost a little bit of its value in the last 7-days. At this point, it is only natural to wonder, is ATOM worth HODLING. 

Cosmos happens to be one of the most misunderstood cryptocurrencies today. This has a lot to do with its tokenomics. Unlike Bitcoin, Cosmos is an inflationary cryptocurrency. This gives a lot of investors jitters about investing in it.

However, one thing that is often forgotten is that the real deal when holding Cosmos is staking. Cosmos happens to have some of the highest staking rewards of the major cryptocurrencies. For instance, at the moment, some exchanges are offering an APY of up to 30% for anyone staking ATOM for 120-days. This can easily offset losses from price fluctuations in between. At a time like this, when the crypto market is not fully in the clear yet, a cryptocurrency with such a high APY like ATOM is an advantage for investors. 

Besides, Cosmos happens to be one of the fundamentally strongest cryptocurrencies. Thanks to its IBC technology that is making it easy for different blockchains to communicate with each other, its ecosystem has grown exponentially, making it one of the fastest-growing crypto ecosystems in the market. 

ATOM trading in a symmetrical triangle trading pattern

Source: TradingView

ATOM is currently trading in a symmetrical triangle pattern. While this means it can break out in any direction, there is a high chance it could break out to the upside now that the broader market is turning bullish again. In such a scenario, ATOM could easily test prices above $40 in the short term.

Summary 

ATOM is trading sideways while the broader market is gaining upside momentum. However, with high staking rewards, and one of the best technologies in crypto, ATOM is a pretty good buy at current prices.

The post Is Cosmos (ATOM) worth HODLING? appeared first on Coin Journal.

Traditionally, most people looking at the merits of a given crypto coin will focus a lot on the market cap. After all, low cap coins tend to have a lot of potentials. But there is also nothing wrong with going for coins that have market caps of $1 billion and above. Here is why:

• Coins with $1biollion in market cap are proven and tested in the market.

• You are likely to experience low volatility with large-cap coins.

• Trade volume with large-cap coins is higher, so it’s easy to trade.

Well, if you have been wondering which coins are perfect above the $1 billion valuations, we have created a nice list that you can follow:

Flow (FLOW)

Flow (FLOW) is the native token for the Flow Network. The network hopes to use the power of decentralized technology to create a borderless digital infrastructure that will support the growth of innovative apps. 

Data Source: Tradingview 

The market cap for the FLOW token is just above $2 billion. The coin has also been trading for some time now, so there is enough investor activity to enhance its legitimacy. If you are looking for a long-term bet to put your money into, FLOW should be ideal.

Dash (DASH)

Dash (DASH) is an open-source, decentralized network that is looking to create fast and reliable digital payment systems. The goal for Dash is to provide the technology needed to integrate crypto into global payment systems. Its native token DASH has a market cap of slightly above $1,1 billion, and it could get bigger in the future.

Arweave (AR)

Arweave (AR) is designed to bring secure and decentralized storage support to the world. The project is seen as a very crucial part of the upcoming Web 3.0 revolution and so far, its $1 billion market cap makes it a stable and tested coin for any investor.

The post The best coins to buy with a market cap of $1billion an above appeared first on Coin Journal.

Blockchain technology has vast applications. Whether it’s ushering in an age of decentralized finance or providing an easy way for people to stream music, there are so many projects these days that try to leverage the power of decentralized systems. Music and entertainment, in particular, have become popular in blockchain, and here is why:

• Decentralized systems cut off intermediaries in music distribution.

• These systems also allow content creators to reach audiences directly.

• The blockchain also offers several verticals for earning money from content.

For investors who want to add some music and entertainment related coins into their portfolio, here are 3 options to consider:

Audius (AUDIO)

Audius (AUDIO) is a music streaming decentralized platform designed to give creators full access to the market without going through intermediaries. Think of it as Spotify on the blockchain. 

Data Source: Tradingview 

The last few months have been quite eventful for Audius. It has seen increased growth and investment from several big-name players in the industry. The future of streaming on the blockchain is also bright, and Audius is hoping to play a key part in shaping up that future.

Ultra (UOS)

Ultra (UOS) is a blockchain-based gaming and music streaming platform as well. It is created to help creators share their games, music, and other forms of entertainment directly to customers without going through any third parties. Ultra is a fairly new project, and as such, it offers the very real potential of serious growth in the future.

Tune.FM (JAM)

Tune.FM (JAM) is a tokenized marketplace that allows musicians to stream their work and earn instant revenues. It also offers a series of tools that will make it easier for content owners to track copyrights and associated royalties within the blockchain ecosystem. Tune.FM is hoping to become the go-to platform for decentralized music sales and so far, it is slowly and surely getting there.

The post Top 3 crypto coins in the music and entertainment niche appeared first on Coin Journal.

The volatility of the crypto market can be very dangerous for short-term trades. However, it is possible to get very decent returns on capital if you decide to focus solely on long-term plays. In fact, most coins in the market will always deliver value over time. Here is what to look for in long term coins:

• Check the underlying business structure and product.

• The project needs to have deep-pocketed and serious investors or backers

• Ensure the coin also has some trade volume as well.

With that said, we thought it would be nice to pick out at least 3 coins that could help you unlock long-term value in crypto. Here they are:

Elrond (EGLD)

Elrond (EGLD) is a promising blockchain designed to address the key challenges associated with older chains like Ethereum and Bitcoin. The platform offers fast, low-cost, and highly efficient transactions. 

Data Source: Tradingview 

It is seen as one of the main challengers to Ethereum’s dominance. Over the last few months, Elrond has been getting a lot of investment and ecosystem funds to help expand its reach. It is an asset that has the capacity to offer incredible long-term value.

Harmony (ONE)

Harmony (ONE) is also another blockchain project that was built to help facilitate the creation of innovative DAPPs. It is designed to promote low gas fees, faster speeds, and ease of use among the community. The Harmony project has been around for several years and still remains a high potential coin for the long term.

Compound Finance (COMP)

DeFi is expected to become a very central part of the blockchain industry. Compound Finance (COMP) is one of the newer, more promising projects in DeFi that has the potential of going even further. It’s one of those coins that you buy and hold for a few years. The value unlocked here will be quite impressive.

The post Unlocking long term value in crypto: Top coins to buy appeared first on Coin Journal.

The crypto market has started to show some strength after a very poor start to 2022. Investor sentiment is slowly coming back and as such, it is an ideal time to think about possible investments for the long term. Here is why long-term crypto investing makes sense:

• Long term investing protects you from the volatility of the market

• There is a chance of unlocking a lot of value in the long term.

• Most crypto projects are designed to come good in the long run.

So, if you are trying to find some projects that you can buy and forget for 2022, we have a list of 3 coins to consider below.

Cronos (CRO)

Cronos (CRO) is the former Crypto.com token that was rebranded a few days ago. It is the native utility and governance token of the Cronos chain, a powerful ecosystem that was developed by the Crypto.com exchange.

The aim for Cronos is to bring wide-scale adoption of crypto into the world. The platform has signed several brandings and marketing deals including one with Lebron James. It was also one of the few crypto companies to air an ad during the Superbowl. At press time, CRO was selling at $0.42 with a market cap of around $10 billion.

Loopring (LRC)

Loopring (LRC) is an Ethereum scaling solution designed to deliver faster and cheaper transactions for users. It has earned a reputation for efficiency, and in recent years, Loopring has also attracted increased developer interest. Its ecosystem is likely to expand, and at the time of writing, the coin was selling at $1.18 with a market cap of $1.1 billion.

Siacoin (SC)

Siacoin (SC) is a project that hopes to help develop a comprehensive network of decentralized cloud storage. It is a very central project in the Web 3.0 revolution and appears to be very undervalued. At press, it was selling at $0.009919 with a market cap of $495 million.

The post Best cryptocurrencies to buy and forget in 2022 appeared first on Coin Journal.