Kategorie: Crypto Analysis

The Bitgert price rebound has cooled as other cryptocurrency prices recoil. BRISE is trading at $0.00000045, which is about 12% below the highest point this week. Other popular cryptocurrencies like Bitcoin, Ethereum, and Safemoon have also retreated.

What is Bitgert?

Bitgert is a relatively small blockchain that seeks to become a leading blockchain platform for developers to build decentralised applications (dApps). Like Ethereum, developers can use it to build apps in all industries like decentralised finance (DeFi), metaverse, NFT, and gaming. 

Bitgert aims to do all that while achieving a substantial scale and without substantial fees. According to its website, Bitgert’s transactions cost less than $0.0001. This means that it can handle millions of transactions for less than $10.

Bitgert has also created a crypto wallet that acts as a gateway to decentralised blockchain applications. The app is easy to use, has substantial security features, and has diverse features. Bigert recently introduced USDC and USDT.  BRISE is the native token for Bitgert.

Still, in all these, Bitgert faces numerous challenges. For example, its ecosystem is significantly smaller than that of other larger platforms like Solana, BNB, and Ethereum. At the same time, there are many upcoming projects like Kadena and Optimism that have all features that Bitgert has.

Most importantly, Burgert may not have the millions of dollars to incentivise developers to build apps. For example, Avalanche has over $500 million in funds to incentivise developers. 

All this explains why Bitgert has a significantly small ecosystem than the other projects. DappRadar does not record any application created using the technology. The same is true with DeFi Llama, a platform that tracks all DeFi projects. 

Bitgert price prediction 

The four-hour chart shows that the BRISE price has bounced back in the past few days. It has risen by about 70% from its lowest level this year. The coin is being supported by the ascending trendline that is shown in black. It has also moved slightly above the 25-day and 50-day moving averages. 

Therefore, there is a likelihood that the bullish trend will continue as long as the coin is above this trendline. If this happens, the next key level to watch will be at this month’s high of $0.00000050.

The post Bitgert price prediction as the BRISE recovery stalls appeared first on CoinJournal.

The Harmony ONE price has pulled back in the past few days as demand for the coin remains at a substantially low level. The coin has crashed to $0.023, which was the lowest level since July 19th of this year. It has dropped by more than 16% from its highest level on Thursday, bringing its total market cap to over $284 million.

What happened to Harmony?

Harmony is a blockchain project that was recently one of the biggest challengers to Ethereum’s dominance. The network was created using a technology known as sharding that was first introduced by Zilliqa. 

Sharding creates scale and throughput in blockchains by breaking down the blocks into smaller pieces known as shards. Harmony’s sharding solves the two main challenges that Zilliqa has. It introduces the concept of dividing the storage of blockchain data. Further, it solves the challenge of Proof of Work (PoW) by using a proof-of-stake approach. 

As such, Harmony is fully scalable, has secure sharding, is highly efficient, and has consistent cross-shard transactions. All these qualities made it well received by developers. Some of the top applications that have been created in Harmony are DeFi Kingdoms, Tranquil Finance, Synapse, FoxSwap, and SushiSwap. 

Recently, however, the Harmony ONE price has struggled as the number of people using its applications has dropped dramatically. Indeed, the total value locked (TVL) locked in the ecosystem has crashed from over $1.5 billion to just $43 million. 

While most blockchains, including Ethereum, have seen a sharp decline of TVL, Harmony’s has been more dramatic. Analysts believe that the situation is mostly because of the recent $100 million hack that was attributed to North Koreans. The hack happened after the attackers managed to breach a bridge that connected Harmony to Ethereum. 

Therefore, while many blockchains have recovered part of their TVL recently, Harmony’s has continued to drop in the past few months.

Harmony ONE price prediction 

The four-hour chart shows that the ONE price has been attempting to recover in the past few weeks. It has risen by about 42% from its lowest level this year. The coin remains above the ascending trendline that is shown in black. 

Harmony has moved slightly below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) is pointing downwards. 

Therefore, the coin will likely continue falling considering that the recovery has found a strong resistance at about $0.027.

The post Harmony ONE price prediction after the drop of TVL to $43M appeared first on CoinJournal.

• Hedera Hashgraph token has gained 14% in the last week

• Hedera network’s differentiation is a source of strength

• HBAR, the native token, has hit a resistance

Hedera Hashgraph HBAR/USD has returned 14% in the past week. To an investor, the gains elicit the obvious question of whether the cryptocurrency will sustain gains. This analysis finds it’s not unless a key breakout and crypto sentiment is sustained. 

Hedera Hashgraph boasts of being a crypto network that lets anyone deploy applications. Hedera differentiates itself by restricting nodes used in determining the transaction history. That way, it reduces the potential alterations to the transactions. Hashgraph believes the feature guarantees businesses when using data to make decisions. Corporates such as IBM have been attracted to Hedera’s model.

While the use case for Hedera is never in doubt, it faces competition from other blockchains. Investors interested in the native token HBAR need to watch key level (s) before entering.

HBAR meets resistance amid a bullish week

Source – TradingView

HBAR is bullish after the week’s gains. The MACD line is above the moving average, confirming bullish momentum. However, a technical trader will be keen to know that HBAR has just met resistance at $0.07. The token is consolidating and likely to drop below as bullish momentum fades. That’s speculative as any potential surge could see HBAR trade above the resistance.

We insist HBAR must break above the resistance level to claim higher prices. If that successfully occurs, HBAR could reclaim $0.1. The next level is $0.15, depending on the prevailing crypto sentiment. For now, HBAR remains susceptible to $0.05.

Summary

Despite the weekly gains, HBAR is trapped by the $0.07 resistance. The token could slide further. A break above the resistance could help HBAR reach $0.1.

The post Is it time to buy Hedera Hashgraph after the latest gains? appeared first on CoinJournal.

• Crypto.com announced an integration of Google Pay for crypto payments

• The cryptocurrency has been posting gains in the last week

• CRO still lacks a strong bullish push as the cryptocurrency consolidates

Crypto.com exchange continues to make headlines. On Thursday, the exchange said it was integrating Google Pay. The integration will be for its crypto wallet and trading platform. The integration will allow Android users to pay for cryptocurrencies using Google Pay. 

On Friday, Crypto.com was approved by the Cyprus regulator to offer its products and services in the country. That expands the crypto exchange’s presence in Europe. Crypto.com has received similar approvals in countries such as Singapore and Italy. 

Despite the latest developments, crypto.com token CRO/USD remains in the trenches. As of the time of writing, the token was up by 5%. The gains reflected overall market recovery rather than positive developments. CRO’s gains in the week were 13%; still, an average achievement as most tokens boomed. We believe CRO will take time before investors see lasting gains. Still, the current price is attractive.

CRO lacks buyer interest after breaking past a key resistance

Source – TradingView

Technically, CRO has broken past key resistance at $0.13. The MACD indicators are bullish on the cryptocurrency. However, CRO still lacks a strong bullish momentum at the current level. The token is consolidating at or slightly above the resistance zone. That indicates a lack of buyer interest. Investors could also be turning attention to other cryptocurrencies such as Bitcoin.

If CRO manages to hold above the $0.13 level, that sets it on course to claim $0.168. We still believe CRO is attractively priced for investors looking to hold it long-term. The positive developments are a catalyst for the token’s gains.

Summary

CRO has announced the integration of Google Pay. The token is yet to price the news as the price remains in consolidation at or slightly above $0.13.

The post Investigating Crypto.com’s bullish case after the integration of Google Pay appeared first on CoinJournal.

The much-awaited Ethereum merge is expected to take place in September. It is a big step towards improving Ethereum scalability while retaining its decentralized nature. 

While talking about the merge at the EthCC, Ethereum’s founder, Vitalik Buterin, said that the merge would make Ethereum’s development process only 40% complete. He added that going into the future; the focus will be on taking the load off the Ethereum mainnet. Vitalik said that besides layer-2’s handling most transactions, there was a need to eliminate the need for Ethereum nodes to store the blockchain’s entire history.

Going by Vitalik Buterin’s talk, it is clear that as Ethereum continues to evolve, there are cryptocurrencies within the Ethereum ecosystem that are set to reap big.

Below are some of the cryptocurrencies most likely to succeed for anyone interested in crypto as Ethereum evolves into a more decentralized and scalable internet computer. 

The Graph (GRT)

Vitalik Buterin specifically referenced The Graph (GRT) as one of the cryptocurrency projects that have a major role to play in the future growth of Ethereum. According to Buterin, The Graph is a valuable tool that can be used to store Ethereum’s historical data instead of keeping it on-chain. 

This is a big deal, as it puts The Graph at the forefront of cryptocurrencies whose futures are directly tied to that of Ethereum. Already, The Graph is showing positive signals after the comments that Buterin made about it at the EthCC. While most cryptocurrencies have eased up a little in the last 24 hours, The Graph continues to surge in value.

It is an indicator that investors are excited about The Graph’s role in the Ethereum ecosystem going into the future. As this use case takes shape, The Graph stands out as one of the cryptocurrencies with strong growth potential. 

Polygon (MATIC)

Polygon is one of the best-performing cryptocurrencies this week. In the last 7-days, Polygon is up by 30%, and upside momentum is rising. This is largely driven by news that Disney added Polygon to its Accelerator program.

However, the more important news is that the Polygon team is working hard to make Polygon stand out as one of the best Ethereum layer-2s in the market. Earlier in the week, Polygon co-founder, Bjeric said that they were committed to Ethereum and looking to give back to the Ethereum ecosystem.

Many have speculated that the giving back is in the form of launching Polygon Hermez. Hermez will introduce zero-knowledge proofs (Zk Rollups) to Polygon. Not only will this help Polygon scale better (to Ethereum’s benefit), but it will also significantly improve security. That’s because, with Zk Rollups, it is possible to verify a transaction without revealing the identity of the one verifying it.

With Ethereum set to entrench its dominance after the merge, Polygon comes across as a top cryptocurrency worthy of investing in now. The odds are that as Ethereum grows, so will MATIC.

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