Kategorie: Crypto Analysis

Astroswap (ASTRO) is reporting gains of around 7% today after the DEX confirmed a brand new partnership with World Mobile, an African-based telecom network that hopes to connect billions of people to the financial sector through blockchain. Here is what we know so far:

• The move is expected to bring more users to the Astrswap ecosystem.

• The partnership will begin rolling out in East Africa before going global.

• At press time, Astroswap (ASTRO) was trading at $0.007762.

Data Source: Coinmarketcap

Astroswap (ASTRO) – What the partnership means?

The future of Astroswap (ASTRO) has always been bright. The platform is striving to become the most versatile and dominant decentralized exchange on Cardano. The goal is to increase the number of tradable assets on its platform but more so, Astroswap (ASTRO) is hoping to expand its reach and bring in more users. 

The partnership with World Mobile is a game-changer for two reasons. First, it will target the African and Middle East regions where access to financial services and crypto investing remains low. The bump in price that we saw shortly after the news was announced is a clear indication that investors are seeing this as hugely positive.

Astroswap (ASTRO) has also been investing in cross-chain support and just recently, it announced integrations with the Velas blockchain. All these factors will be crucial in pushing Astroswap (ASTRO) even further. At the time of writing this post, Astroswap (ASTRO) was trading at $0.007762.

Should you consider Astroswap (ASTRO)?

Astroswap (ASTRO is a fairly small project right now but it has been making all the right moves. It’s a microcap DEX with a market cap of around $3 million. 

Although most DEXs do not often hit billions of dollars in valuations, there is enough upside for ASTRO to grow 20x or even 50x. The fact that it already offers cross-chain support between Velas and Cardano shows how serious the project is.

The post Astroswap (ASTRO) gains nearly 7% after announcing a new partnership with World Mobile appeared first on Coin Journal.

GameFI has emerged as one of the hottest trends in crypto, and for good reasons. These assets are incredibly growing fast, and investors are trying to take advantage of this growth the best way possible. So, why is GameFI the next big thing:

• It’s a new industry with loads of potential to grow.

• Projects like Axie infinity are already showing GameFI can deliver a lot of value.

• There is increased institutional money flowing into GameFi.

For folks who would love to own some GameFI crypto projects, there are some options to consider. Here is our list:

Verasity (VRA)

Verasity (VRA) is a video-sharing platform that allows creators to earn attribution and revenue from their videos. Now, you will notice that Verasity is not actually a gaming token. However, in recent years, in-game videos have been getting a lot of love on Verasity. 

Data Source: Tradingview 

This could potentially be the next frontier of decentralized publishing for gaming videos. This includes things like Esports and such. At press time, VRA was trading at $0.02029.

My Neighbor Alice (ALICE)

This multiplayer blockchain game is designed to rival the likes of Axie Infinity. It offers NFT based rewards for players and a staking token for investors to earn rewards. 

My Neighbor Alice (ALICE) also has a dedicated NFT marketplace where in-game items can be bought and sold. The NFTs can also be sold in other blockchain networks. At press time, the token was selling at $5.95 with a market cap of $182 million.

Crabada (CRA)

Built on the Avalanche network, Crabada (CRA) is a play-to-earn game that works more or less like My Neighbor Alice. There are however more in-game features. Also, Crabada is working to provide cross-chain support in the future and has a dedicated NFT marketplace as well. The token is right now trading at $0.8777.

The post Looking to make big bucks in GameFi? Check out these 3 coins appeared first on Coin Journal.

Sentiment in the broader crypto market has been very slow in recent days. Investors have been carefully assessing risks, so it may not be the best time to buy. But despite this, there are still many altcoins in March that you can consider. Here is why:

• The best time to buy crypto is when investors are fearful and selling.

• The dips we have seen in many coins give you the perfect discount.

• The near-term downside risks are going to ease in the long run.

So, if you are thinking of getting yourself a few altcoins to shore up your crypto portfolio, here are the top three coins to check out:

Filecoin (FIL)

Filecoin (FIL) has mostly moved sideways in recent days. But the long-term fundamentals of this coin have been very robust. 

Data Source: Tradingview 

Filecoin hopes to create a decentralized storage system to help power the future of the internet. At the time of writing, FIL, its native token, was trading at around $17.92. The coin also has a market cap of $3.1 billion.

Fantom (FTM)

It’s been a torrid week for Fantom (FTM). The coin has seen a major sell-off after one of the key developers announced they were leaving. FTM also saw its TVL drop massively. 

In seven days, the coin has dropped by nearly 30%. But FTM has always been one of the most promising assets in DeFi, and the recent drop is an opportunity to buy cheaply. At press time, FTM was trading at around $1.2.

Anchor Protocol (ANC)

Anchor Protocol (ANC) is also another crypto asset that has dropped sharply over the last few days. The coin is down nearly 45% in the last week alone. This is a major dip and while ANC may not recover immediately, in the long run, we will see some positive price movements. The token is selling at $3.22 right now.

The post Here are the best altcoins to buy in March 2022 appeared first on Coin Journal.

The crypto market has in general been very risk-averse. Even though we have seen loads of volatility, the general trend in the market has remained bearish. Ethereum Classic (ETC) is one of those coins that have been affected by this, and it seems the coin has very little bullish momentum right now. Here are some highlights:

• ETC has managed to keep price action above the $25 support for now.

• The token is currently trading at $26.56, virtually unchanged in the last 24 hours.

• Despite this, ETC remains highly vulnerable to selling pressure.

Data Source: Tradingview 

Ethereum Classic (ETC) – Where does the price go?

A look at the price action over the last few days suggests that ETC is trading within a symmetrical triangle. This means that the coin is oscillating between support and resistance in almost the same breath. So, even if ETC was somehow able to build an upward trajectory, the coin would likely pull back at $28 and return to the $25 support. 

This is why we feel there is very little bullish momentum right now. But even with this symmetrical triangle, ETC still remains highly vulnerable to selling pressure. In fact, with current market volatility, it will be highly unreasonable to expect ETC to hold the $25 support in the days ahead. As a result, we believe that the only way the symmetrical triangle breaks is if ETC goes on a downtrend.

Why buy Ethereum Classic anyway?

It’s always hard for most investors to buy coins that appear to have plateaued or those that don’t seem to have enough upward momentum. But at the end of the day, the long-term outlook is what really matters for crypto investors. 

While right now, Ethereum Classic (ETC) appears to be struggling with bullish momentum, in the medium and longer-term, the coin will still deliver value for investors.

The post Ethereum Classic (ETC) struggles to report any bullish rise – Where does it go next appeared first on Coin Journal.

The start of March has been bittersweet for Cardano (ADA) but mostly, the coin has traded sideways. As more bear pressure starts to build, ADA is staring at the possibility of hitting an all-time low in the near term. Here are some notable highlights:

• Cardano (ADA) has broken the crucial $0.8 support

• At press time, the coin was trading at $0.79, up around 1% for the day.

• More weakness will follow, and ADA could bottom below $0.7, the lowest level this year.

Data Source: Tradingview 

Cardano (ADA) – Price analysis and prediction

After trading sideways for most parts of March, Cardano (ADA) looks like it doesn’t have any bullish momentum to rise further. The coin had managed to hold the $0.8 support over the last week or so but that level has now been breached. At the time of writing, ADA was trading at $0.79.

We expect more weaknesses to follow. In fact, looking at the daily price movement today, ADA has moved predictably sideways again, posting gains of just 1%. It is likely that the coin will bottom at $0.7 or lower. This could push ADA to its lowest level this year.

The fall from grace couldn’t be more shocking. At the tail end of January, ADA was testing $1.64 in what appeared to be a decent upward trajectory. But as of now, the coin has lost over 50% in value from those highs.

Is Cardano (ADA) a good buy

Despite its up and downs, ADA still remains one of the main crypto assets in the market. There is no doubt that the long-term fundamentals will still remain positive.

But in case you would love to get ADA cheaply, it would be nice to wait a few weeks. Once the coin bottoms below $0.7, you can swoop in, buy, and hold it for a year or so.

The post Cardano (ADA) could hit the lowest price this year in the coming days appeared first on Coin Journal.