Kategorie: Crypto Analysis

Ukraine has been in the news a lot recently. Well, it has cropped up again, although not in the way you may expect.

Today, the government officially passed a law legalising Bitcoin and other cryptocurrencies. The bill was originally passed last September, although Ukrainian President Volodymyr Zelanskyy had sent it back to parliament for changes. Today, four months later, it has been formally signed into law.

What it Means

“The development of a new industry will allow attracting transparent investments and will strengthen the image of our country as a high-tech state,” Mykhailo Fedorov, Ukraine’s vice prime minister of digital transformation, had commented on the bill in September.

It is a positive step that strives to protect digital asset owners, exchanges and other stakeholders in the industry. Particularly notable is the inclusion of the terms digital wallet, private key and virtual assets in Ukrainian legislation for the first time. While there will always be groups who protest the introduction of regulation into crypto, overall it is a promising development for the industry and should encourage more transparency and confidence for those operating in Ukraine, as well as reducing fraud. The hope is that covert mining operations, evasive tax schemes and other “shadow” crypto activities should now decrease, while innovation will spike and foreign investment will flow into the country.

Political Turmoil

Unfortunately, there is an elephant in the room here. Even diehard crypto fans are unlikely to be queuing up to book one-way tickets to Ukraine, given the ongoing issues with a certain Mr. Putin. The reality is that you can list all the Ukrainian crypto positives you want – such as low taxes, streamlined legal framework, improvement in technical infrastructure and an abundance of engineers – but as long as there are 150,000 Russian troops stationed at the border, Ukraine’s hope to become the digital asset hub of Eastern Europe isn’t likely to be achieved anytime soon.

However, political concerns aside, it sees Ukraine steam towards the front of the European countries legal framework on crypto. While South America has been particularly welcoming in their approach to crypto legalization, Europe to date has not been as warm. The EU has begun to place a tighter leash on crypto transfers, striving to make them more traceable. While individual states have legalized it – perhaps most notable was the passing of a law in Germany last year allowing German Spezialfonds to allocate up to 20% of their assets to crypto – Ukraine still had high hopes to lead the virtual charge on the continent, back when the bill was originally put forward.

Of course, the final interesting quirk in this story is the stark contrast compared to Russia. Putin has been notoriously anti-crypto, pushing for an outright ban on the industry and instead focusing efforts on the development of a central bank digital currency.

It’s one more thing for them to disagree with Ukraine on.

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We have seen talk and hype around the metaverse over the last few months. But there is no doubt the metaverse is happening. Cardania is a new metaverse project that is opening public sales for its token today, February 15th. Here is what you should know:

• Cardinia is offering its native token RAD which will be the main utility token for the Cardinia metaverse.

• Cardinia is hoping to create what it calls an integrated metaverse economy with a rewarding user experience.

• The public token sale will be solely done on Kick.io and hopes to achieve success like other metaverse tokens, including Decentraland (MANA).

Data Source: Tradingview

Cardinia (RAD) – The fundamentals so far

Before you buy any token, the first thing you do is assess the underlying fundamentals. Cardinia brings a combination of tokenised assets and NFTs to run what it calls an integrated metaverse economy. 

There are other metaverses that promise this. However, since this is an industry that appears to be heating up right now, it’s very hard to ignore RAD. Details about the public sale have also been released. 

All purchases must be made using Cardano (ADA). KYC will be required before any purchase goes through too. There is also a priority sale program for investors who want to get in 24 hours before the coin is opened to the general public.

Is Cardinia (RAD) worth your time?

There is no arguing that new blockchain projects are often interesting. The metaverse in particular, has been offering new innovations as far as new cryptos go. 

While Cardinia (RAD) is not the only new and exciting metaverse project right now, it still has so much to offer. The integrated metaverse ecosystem and the way it combines both NFTs and regular tokens into the mix is a great plus. It is one of those coins that you should check out.

The post Cardania, a new metaverse gaming token that opens public sales today – Is it a good buy? appeared first on Coin Journal.

There has been a lot of talk about web 3.0. It’s hard to differentiate between the hype and the facts, but one thing is for certain. Web 3.0 is happening. So, how do you position yourself to benefit from this new age of the internet? Here are some ideas:

• Web 3.0 is the next evolution of the internet that promises to become more interconnected than ever before.

• We are also going to see a huge push for crypto in a Web 3.0 world, so it helps to know the coins to buy.

• This 3.0 evolution has been happening over the years and is poised to become more evident in the future.

There are certain tokens that right look poised to benefit from the Web 3.0 revolution. Here are our top picks:

Kusama (KSM)

Often described as the rogue cousin of Polkadot, Kusama (KSM) is a highly scalable blockchain designed to provide never seen before interoperability for developers. The project is actually built on what is called a substrate. 

Data Source: Tradingview

This is basically a blockchain building kit that allows for the creation of highly scalable solutions. As the debate on web 3.0 builds, interoperability will be a key factor. Kusama (KSM) is offering that, and with a market cap of around $1 billion, it is a very decent buy.

Siacoin (SC)

Part of building the ultimate Web 3.0 will involve the creation of a fully decentralised internet. While there are some projects doing a pretty good job of this, Siacoin (SC) has to be part of your calculus. 

The good thing about this project is the fact that it’s super versatile and will easily adapt into a 3.0 world in excellent fashion. Siacoin (SC), at the time of writing, had a market cap of around $517 million. It is easy to see how this coin could grow 10x or 50x in the coming years.

The post The best web 3.0 crypto tokens to watch out for in 2022 appeared first on Coin Journal.

It’s very common for individual investors to follow institutional capital or what is often called smart money. Well, crypto has over the last few years warmed up to institutional investors, and here are some of the reasons why:

• Main crypto assets like Bitcoin and Ethereum are seeing adoption with insane market caps right now.

• We are also seeing a lot of crypto innovations in unique projects that appeal to deep-pocket investors.

• Crypto has become too big to ignore, and institutional capital will continue flowing in for years to come.

As for investors who want to follow the smart money, the following are the top 3 altcoins you should be watching:

1. Enjin Coin (ENJ)

There have been a lot of moves over the last few years towards the metaverse, and it’s not hard to see why. Major tech giants like Facebook, Google, and even Apple are pouring a lot of money into this. 

Data Source: Tradingview 

As a result, institutions are looking for ways to profit, and buying coins like Enjin (ENJ) is a big part of that. Watch this token closely over the coming months, and you will see a lot of institutional money.

Want to learn how to safely invest in Enjin Coin? Check out our comprehensive Enjin Coin buying guide here or purchase from our recommended platform below!

2. Yearn Finance (YFI)

As interest in the metaverse continues to grow, there is also equal and more robust interest as well towards decentralised finance or DeFi. There are many projects here, but Yearn Finance (YFI) is one to watch. Right now, this project has a market cap of $844 million. It has so much room to run in the coming years.

Want to learn how to safely invest in Yearn Finance? Check out our comprehensive Yearn Finance buying guide here or purchase from our recommended platform below!

3. Near Protocol (NEAR)

The Near Protocol (NEAR) is a state-of-the-art blockchain that looks to offer an alternative to Ethereum. It is fast, efficient, and more affordable. Although there are many Ethereum scaling solutions out there, NEAR is indeed one of the most promising ones. It is a big watch for institutional money right now as well.

Want to learn how to safely invest in Near Protocol? Check out our comprehensive Near Protocol buying guide here or purchase from our recommended platform below!

The post Want to follow Institutional Capital? Watch these 3 altcoins appeared first on Coin Journal.

Uniswap (UNI) ended the week sharply lower after less than impressive CPI data from the US. But despite this selling pressure, the outlook on the token is bullish, at least in the near term. Analysis to follow below, but here are some highlights:

• At press time, the coin was trading at $10.55, down by around 9% in 24 hours

• Uniswap (UNI) also saw some bear pressure at the end of the trading week Friday.

• But there is still a chance the coin could easily bounce back to $16 in the coming few days.

Data Source: Tradingview

Uniswap (UNI) – Price prediction and analysis

As Friday trading was closing in, it was clear that UNI was on the edge. The coin was trying to find sufficient demand around the $11 mark. However, this did not happen. Although $11 proved to be a strong support zone, UNI fell below that. 

At press time, the coin was trading at around $10.55. However, it seems that UNI has stopped the bleeding. It is retesting the $11 mark, and we expect it to rise above that soon. The big challenge now will be to see if there is enough demand at the $11 support zone. 

Based on the trends in the market and indicators on the chart, it is likely that the coin will rise sharply from $11. We expect it to bounce back to $16 or thereabout.

Should you invest in Uniswap?

Uniswap (UNI) is the biggest decentralised exchange on the Ethereum chain. It may not be one of the biggest tokens in the market, but it has attracted a lot of investors. If you are looking for a proven asset with a consistent history of delivering returns, then UNI is perfect. Also, there is an opportunity for a short-term play here for bulls who want to ride the uptrend toward $16.

The post Uniswap could return to $16 even as selling pressure continues to build appeared first on Coin Journal.