Kategorie: Crypto Analysis

Daily headlines and news about crypto analysis.

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The best ERC 20 tokens to buy right now

After launching in 2015, the Ethereum Chain has been one of the most important driving forces in crypto. The platform has seen the growth of innovative DApps and DeFi projects. However, its ERC 20 tokens are quite incredible. This is basically a quality or technical standard that all Ethereum based tokens must meet. Check out some highlights below:

  • ERC 20 tokens are governed by a set of fixed rules that determine how they can be transferred, validated, and stored.

  • All ERC 20 tokens are built and powered by the Ethereum blockchain but can be swapped across multiple chains.

  • A huge percentage of crypto tokens that have launched over the past few years are largely ERC 20 tokens.

For investors looking for the best and perhaps the most popular ERC 20 tokens, here are two names that you probably didn’t know are based on this standard.

Shiba Inu (SHIB)

Shiba Inu (SHIB) has been the token of 2021, no doubt. The meme coin, which was launched as the ultimate Dogecoin (DOGE) killer, has exploded in value, ranking at one point among the top 10 crypto assets by market cap. 

Data Source: Tradingview.com 

Although SHIB is still a speculative asset that has very little intrinsic value, it has made people millionaires in the past year. This is also an ERC 20 token, and at the time of writing, SHIB was selling for $0.00003394. The coin also has a market cap of $18.6 billion.

Chainlink (LINK)

Unlike Shiba Inu, Chainlink (LINK) is actually a superb investment with very decent underlying fundamentals. It is basically a smart contract blockchain layer that allows universally interconnected contracts. 

LINK, its native token, is an ERC 20 coin and is ranked among the top 20 coins in terms of market cap. At the time of writing, LINK was selling for $22.51 with a market cap of around $10.5 billion.

The post The best ERC 20 tokens to buy right now appeared first on Coin Journal.

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2 of the best relatively unknown instant crypto swap exchange tokens to buy

Instant crypto swap exchanges have become quite popular in recent years. After all, crypto investors have always been looking for exchange platforms that offer low fees, low slippage, and instant swaps between a huge variety of crypto assets. Here is why these exchanges are growing very fast:

  • Crypto swap exchanges are fully decentralised and as such, they are non-custodial and permissionless, giving you extra security.

  • As decentralised exchanges address liquidity challenges in the future, instant swap exchanges will benefit the most.

  • The exchanges offer a secure more private way to exchange crypto from peer-to-peer, something most investors prefer.

Uniswap (UNI) is by far one of the most popular crypto swap exchanges. But the following 2, which happen to be relatively unknown, are very good investments right now.

BakerySwap (BAKE)

BakerySwap (BAKE) is a De-Fi platform that provides crypto swaps. Like Uniswap (UNI), BakerySwap uses an automated market maker protocol to enhance liquidity and keep fees low. The project is built on the Binance Smart Chain and strives to offer an all-in-one De-Fi ecosystem for its clients. 

Data Source: Tradingview.com 

At the time of reporting, BAKE, its native platform token, was selling for $1.15. The token also has a market cap of around $220 million. This means that the potential to grow even further is there, especially when you consider that BakerySwap (BAKE) was launched in 2020.

LuaSwap (LUA)

LuaSwap (LUA) is a multichain automated market maker protocol that allows for instant crypto swaps within its DeFi ecosystem. The platform has also developed innovative features to bridge liquidity across various chains, giving users more flexibility and convivence when they trade. 

Its native governance token is called LUA, and at the time of writing, it was selling at $0.06285 with a market cap of around $8.5 million. LUA is also not yet available in many major exchanges. Future growth potential is therefore quite good.

The post 2 of the best relatively unknown instant crypto swap exchange tokens to buy appeared first on Coin Journal.

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The best under the radar Altcoins that you should swoop up

The crypto market today has a lot of assets to buy. Although most people are often familiar with the popular large-cap coins like Bitcoin, Ethereum and others, there are still a few newer, under-the-radar altcoins with significant potential. Here is why it is a good idea to buy under-the-radar coins:

  • First, under radar altcoins have low market caps and as such, they have significant upside potential.

  • In most cases, most altcoins gain in value as they become more mainstream so buying them early is crucial.

  • Also, these coins will increase in value once they become available in major exchanges.

Well, here are our main picks of the best under the radar altcoins that you can purchase and hold today:

Fantom (FTM)

Fantom (FTM) is not necessarily what you would call a new project or under the radar per se. If you are a crypto investor, chances are you have come across this token. But for all its potential, Fantom doesn’t really get the attention it deserves.

Data Source: Tradingview.com 

In fact, this is a token that could easily rank among the top ten cryptos by market cap in the near future. But it rarely gets the kind of coverage you’d associate with such a potentially high-growth coin. At the time of writing, Fantom (FTM) was selling at $2.28 with a market cap of around $5.7 billion.

The Ocean Protocol (OCEAN)

The Ocean Protocol (OCEAN) is a decentralised platform that allows you to sell your data to third parties. Big data is big business these days but sadly, it is controlled by a few Silicon Valley tech firms.

But Ocean Protocol (OCEAN) is trying to change that, and there is a lot of potentials when you consider the market cap is around $550 million. OCEAN could in fact surge in 2022, so keep an eye on that.

The post The best under the radar Altcoins that you should swoop up appeared first on Coin Journal.

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The best cryptocurrencies to buy for short term gains

The crypto market is highly volatile. Prices shift very fast and as such, these assets are quite ideal for short-term speculative trades. We must however warn you that short-term plays in crypto are very risky. Nonetheless, here is why this can actually work:

  • First, due to the volatility, the price action is so dynamic, giving you chances to enter and exit trades

  • Also, fees in crypto are relatively lower, so you don’t spend too much for active short-term trading.

  • There are also ways to manage your ultimate risks, including Stop loss and Take profit orders.

With this in mind, the following are two of the best cryptos to buy for short term speculative trading:

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a meme token. This basically means that it’s mostly a speculative asset that has very little intrinsic value. SHIB has been one of the best performing coins in 2021. Even though it is still way off its yearly highs, those who invested in SHIB a year ago are still very profitable. 

Data Source: Tradingview

Like all meme coins, SHIB is prone to wild price swings. For this reason, it’s not the kind of asset you want to be holding for a long time. But these wild price swings can also bring good returns if they swing in your favour.

Dogelon Mars (ELON)

Dogelon Mars (ELON) is also another speculative meme coin. Although ELON has not exploded the way Shiba Inu did, it still shares the same characteristics. As a result, it’s prone to wild volatility and short-term price swings that can make you decent money if you predict them correctly. 

The good thing about ELON is that it has more upside for growth compared to SHIB. But despite this, both these tokens are highly risky, and you should only invest in them if you are aware and comfortable with that risk.

The post The best cryptocurrencies to buy for short term gains appeared first on Coin Journal.

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These are some of the best performing coins in 2021 – But it’s still not too late to buy

2021 has largely been the year of crypto. The industry has generally reported outstanding growth. But despite this, some projects or coins have just blown everyone else out of the water. Here are some highlights:

  • Overal returns in the cryptocurrency have outpaced other asset classes by huge margins  

  • Although it may seem like it’s too late to buy into these high growth coins, it’s really not. 

  • More growth could still come from the crypto space in 2022 and beyond. 

Well, here are our picks of coins that have performed exemplary this year but still offer enough upside for more growth.

Solana (SOL)

Solana (SOL) has often been dubbed the Ethereum killer. The project is designed to give developers an alternative to Ethereum and has been growing. New projects are launching on Solana, and the network is promising users low fees, better speeds, and overall blockchain efficiency. 

Data source: Tradingview.com 

Solana (SOL) has been the standout performer in 2021, gaining over 12000%. But there is so much to come from this token in the coming years. In fact, some experts believe that SOL will hit $1000 by 2027. At the time of writing, the coin was selling at $175.

Cardano (ADA)

Cardano (ADA) has also been one of the main performers of the year. The coin right now ranks among the top ten cryptos in the world by market cap. At the time of writing, it was trading at around $1.37. ADA has actually lost momentum as we head towards the end of the year. 

After an explosive start into 2021, the coin was well on course towards gains of over 1500%. But the crypto market correction that we saw in November and December has eaten into those gains. As a result, ADA will return around 675%. It’s still a decent return, but more so, it means that the coin could still surge further in the future.

The post These are some of the best performing coins in 2021 – But it’s still not too late to buy appeared first on Coin Journal.