Kategorie: Crypto Analysis

Bitgert price has crawled back in the past few days as the crypto industry bounces back. The BRISE token is trading at $0.00000034, which is about 33% above the lowest level during the weekend. It has a market cap of more than $146 million, according to CoinMarketCap. The company warns that it has not verified the market cap while CoinGecko has a question mark. 

What is Bitgert?

The blockchain industry has seen a lot of growth in the past few months as developers target some fast-growing industries like non-fungible tokens (NFTs) and decentralized finance (DeFi).

Many developers have moved to build applications that seek to dethrone Ethereum as the most preferred platform for building applications. 

Most developers and users find Ethereum to be a difficult cryptocurrency to use. For one, it is a relatively faster platform and the cost of handling a transaction has gone up dramatically. Some of the most important alternatives to Ethereum are Cardano, Polkadot, Cosmos, and Avalanche.

Bitgert is another relatively small blockchain platform that seeks to become a viable alternative to Ethereum. It is a faster platform that has no transaction costs. BRISE is its governance token.

The Bitgert price is rising slightly today after the network introduced BRC20-pegged USDT and USDC coins in its platform. These are the two biggest stablecoins in the industry. The statement said:

“The pegged tokens are always backed 1:1 by BRC20. So the value of the USDT BRC20 is pegged to the Bep20 USDT token as 1:1 collateral. So, the value of USDT BEP20 will always remain the same as the value of the BRC20 token. So the pegged tokens are similar to a stable coin on the Bitgert chain.”

Bitgert price prediction

The four-hour chart shows that the BRISE price has been crawling back in the past few days after it crashed to a low of $0.00000026. It has risen by more than 35% from its lowest level this year. The coin has managed to move above the important 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved above the neutral point at 50. 

Therefore, there is a likelihood that Bitgert price will continue rising as bulls target the key resistance at $0.00000040. 

The post BRISE: Bitgert Price Analysis After Introducing USDT and USDC appeared first on CoinJournal.

SweatCoin, the popular fitness application, is set to launch its native cryptocurrency as its demand surges globally. The move-to-earn company is expected to have the biggest crypto launches in 2022 as the number of its users rise.

What is Sweatcoin?

SweatCoin is a fintech company that is changing how people work out. The application uses a user’s smartphone GPS to track their movements on a daily basis. For every 1,000 steps, the app pays the person 1 Sweatcoin, which they can then use within the network.

SweatCoin is disrupting some of the biggest economies in the world. Fitness is a multi-billion dollar industry that has a wide total addressable market (TAM). Besides, most people have a smartphone these days. 

In addition to fitness, the app has the potential to disrupt the non-fungible token (NFT) industry. A good example of this is what StepN did. StepN is a move-to-earn company that lets people buy and sell sneaker NFTs in its platform. 

SweatCoin has been in a strong growth path in the past few years. According to its social media pages, the coin now has more than 100 million users from around the world. It is also the most downloaded fitness in the world this year.

How will the SweatCoin crypto work?

A common challenge for SweatCoin is that presently, it is impossible to cash out accumulated coins. Therefore, two months ago, the developers announced that they will unveil their SWEAT cryptocurrency.

The goal is to allow people to cash out their accumulated coins from any exchange like Coinbase, Binance, and OKX. Also, holders of the coin will get a chance to take part in the platform’s governance.

There is a lot that we don’t know about the SweatCoin crypto. What we know is that it will be launched on the Near Protocol, which is one of the biggest smart contract platforms in the world. When announcing the partnership, SweatCoin’s CEO said:

“Blockchain wasn’t sophisticated or fast enough back in 2015, but thanks to NEAR, it is now.  SWEAT: the token turbocharges our mission to create an Open Economy of Movement for  a billion people.” 

Is the SWEAT crypto a good buy?

A common question is whether the SweatCoin price will rise when it goes public. It is hard to predict. However, we can expect some near-term volatility as holders of the coin cash out in a large scale. Also, it is worth noting that other move-to-earn tokens like StepN’s GMT and Step App have all crashed recently.

The post SweatCoin Price Prediction: Will SWEAT be a Good Crypto to Buy? appeared first on CoinJournal.

The Ankr price tilted upwards slightly after the developers launched App Chains, a platform for Web3 development. The coin’s price is trading at $0.03, which is slightly above this week’s low of $0.022. Its market cap is more than $243 million.

App Chains launch

Ankr is a leading blockchain infrastructure project that makes it easy for Web3 developers to build applications. 

The network provides products known as Remote Procedure Call (RPC), which is a useful tool among developers. It simply helps them to communicate with the back-end when building.

In the past few months, the number of developers using Ankr’s RPCs has been in a strong upward trend. Some of the most popular developers that are currently using Ankr are Airbitrum, Optimism, Avalanche, Binance and Celo among others.

In a statement this week, Ankr said that it was launching App Chains, a dedicated blockchain that houses one specific dApp. It can be thought of as a single-tenant bare-metal server without the noisy servers. This characteristic will make the platform significantly scalable.

In addition to scalability, App Chains is a highly flexible process. For one, they will not be restricted to using specific programming languages and constraints of a specific virtual machine like EVM. As a result, it will help to reduce the technical barriers to joining Web3.

Ankr has had a relatively busy month. Earlier this month, the developers announced that they were changing the revenue model to pay-as-you-go for its RPC services. They also launched in Opimism, the fast-growing blockchain project. In a statement, Optimism’s CEO said: 

“Adding Ankr as an infrastructure provider helped fulfill the desires of our community members who want to build with robust and reliable services.”

Still, Ankr price has not done well in line with the performance of other cryptocurrencies like Cardano, BNB, and VeChain. This price action is mostly because of the changing market and monetary conditions. Further, the recent corporate actions in Three Arrows, Celsius, and Bancor have pushed many people away from crypto.

Ankr price prediction

The daily chart shows that the Ankr price has been in a bearish trend for months. It remains below the important resistance level at $0.0500, which was the lowest point in February. The coin remains below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved above the oversold level.

Therefore, the path of the least resistance for Ankr token is still lower. If this happens, the next key support level to watch will be at $0.023, which was the YTD low.

The post Ankr Price Prediction After the App Chains Launch appeared first on CoinJournal.

For so many years, many fence-sitters in the crypto industry have waited in bated breath for the prices to crash so that they can buy in. After all, in 2021 crypto was just hot. Coins hit record-breaking highs, and Ethereum was predicted to hit $10,000 this year. But things haven’t really turned out that way. Here are some facts:

• ETH fell below $1000 for the first time in months.

• However, the coin has managed to regain the four-digit price.

• An upward trend reversal is not likely at the moment.

Data Source: TradingView 

Ethereum: Where will it go?

Now, when ETH fell below $1000, most analysts saw a deeper fall. But the crypto market just surprised us. Prices recovered, and ETH was once again above $1000. This may seem like a good sign. But it’s actually not. The driving economic and financial risks that have put so much pressure on crypto have not yet eased.

Yes, there are growing efforts to deal with inflation and reduce its impact on the economy. But the success of these efforts will come in the long term. So, even though ETH is now above $1000, the coin is still exposed to further downside.

We in fact think that another major sell-off is coming in crypto. This will likely be the last blow that finally sends ETH and most coins firmly into the bear market. As such, it may not be the most ideal time to buy.

When to buy Ethereum?

There are two support levels for ETH after $1000. The most immediate one is around the $800 mark, and the second one is at about $550. ETH will likely bottom at either of these two.

The best strategy would be to use dollar-cost averaging and buy the moment ETH hits $800. Continue buying even if it dips towards $500. After that, give it a few months and just wait.

The post Ethereum returns above $1000 – Should you buy appeared first on CoinJournal.

Cardano was up for a few days of recovery after the crypto market rebounded over the last weekend. At one point, ADA in fact managed to surge past the crucial $0.5 price. Many analysts expected the coin to consolidate above this but it has since pulled back below. So, what happens next for ADA? Here are some notable highlights first:

• ADA has retreated slightly but could still retest $0.5 with improved sentiment

• The coin will however need to see a surge in trade volume for this to happen

• Failure to reclaim $0.5 could push ADA back to the $0.380 support in the short term

Data Source: TradingView 

Cardano price analysis and prediction

After a major sell-off in crypto over the past week, the market began to recover this weekend. ADA in fact went above $0.5, a crucial support zone that it had managed to hold for a few weeks. However, the altcoin failed to keep the price there. 

Instead, ADA retreated and is now trading at around $0.48. However, there is still an opportunity for the coin to jump above $0.5. But based on relatively lower trade volume, ADA may struggle to get there. Nonetheless, if bulls can somehow regain $0.5, ADA will need to surge past $0.55 to have any chance of staying above.

In fact, a sustained accumulation here could trigger a run towards $0.63 in the near term. But if weakness persists, ADA may see a major cliff dive that will push it towards its monthly support of around $0.380.

Will ADA rebound?

Well, ADA has actually been rebounding over the past few days. The pullback seen over the last 24 hours could be a bleep in an otherwise decent run. 

But since sentiment in the market is yet to fully recover, it is likely ADA has faced a major loss of momentum. As such, a steadier decline could come in the days ahead.

The post Cardano fails to hold $0.5 – What next? appeared first on CoinJournal.