Kategorie: Crypto Analysis

In case you have been thinking of adding Algorand (ALGO) into your portfolio, then the coming days could present some decent buying opportunities. This applies to both short-term and long-term plays as well. Before we get to the analysis, here are the main facts:

• Algorand has surged by nearly 20% over the last 5 days or so.

• The bullish run is going to continue, and investors can buy-in.

• There are several buying zones you can consider to earn decent returns.

Data Source: Tradingview

Algorand (ALGO) – Buying zones to watch

After surging over the last few days, Algorand has faced massive resistance at $0.9. In fact, it seems the price has stagnated here, but the coin is continually testing this zone in a huge way. We expect there will be some bullish momentum to take the price action above $0.9. 

When that happens, it would be a good time to buy. But in case you don’t want to face the risk of a trend reversal, you can watch $1.1. After $0.9, the $1.1 mark will be ALGO’s next big test. If indeed the coin is able to rise above that, then it is likely going to surge past $1.4 in the near term. 

However, this bullish thesis will become null and void if ALGO falls below $0.8. We however don’t see this happening in the days ahead unless something major happens in the broader crypto market.

Why you Should buy Algorand (ALGO)

Algorand (ALGO) has had a very volatile time since it debuted in the market in 2019. The coin has fallen massively below its ICO price which was at $2.4. But there is still a lot of value that Algorand can offer. 

It is likely that the coin will regain some of this upward momentum and reclaim the $2.4 price before the end of the year. That will be over 100% in gains from the current price.

The post Algorand (ALGO) analysis – Crucial buying opportunities to watch in the coming days appeared first on Coin Journal.

It seems like the crypto market is starting to find its legs again. After ups and downs over the last three months, we have seen sustained periods of consolidation. Positive investor sentiment is starting to come back. So, here is what to expect:

• A lot of coins are likely to go on decent bull runs

• Pullbacks will come of course, but the general trend will be up.

• Risks however still remain, including high inflation and conflict in Europe.

For investors looking for bullish cryptos, there are a lot to choose from. But we decided to pick out three of the best.

Ripple (XRP)

Ripple (XRP) has had its issues this year. The coin was in the middle of a big lawsuit with the Securities and Exchange Commission or SEC. Because of this uncertainty, a lot of investors were staying away from XRP. 

Data Source: Tradingview 

The coin has therefore remained highly undervalued but in the last few weeks, it seems like the SEC case is now starting to go away. XRP has therefore remained bullish and could surge very strongly in the near and medium-term. In fact, we are likely to see the unlocked potential of XRP come to the fold.

ThorChain (RUNE)

A lot of positive ecosystem news has been coming out of Thorchain (RUNE) over the last week or so. The coin has also managed to snap out of the February downtrend and is gaining quite a lot. In fact, RUNE is up 20% in the last 7 days. The trend will continue in the near and long term.

Convex Finance (CVX)

Convex Finance (CVX) is one of the most promising DeFi projects in the market. The project is actually up by around 30% for the week. As the DeFi revolution continues to expand, coins like CVX are likely to get more demand. This will eventually push the price action higher and higher.

The post The best bullish coins that you can consider buying right now appeared first on Coin Journal.

Access to finance and capital is one of the most important things for personal economic growth. But the centralized financial system has made it harder for people to achieve this independence. This is why DeFi is stepping in to offer lending services. Here is why this idea is heating up:

• DeFi is fully decentralized, so people can access it anywhere in the world.

• DeFi also allows for peer-to-peer lending services.

• There are new tools that allow lenders to manage risks effectively.

Well, if you are convinced that lending is the future of DeFi, then there are three incredible projects that you should look at. Here they are:

GoldFinch (GFI)

GoldFinch (GFI) is trying to revolutionize the way crypto-backed loans are offered through DeFi protocols. The project is basically wavering collateral requirements. This is designed to remove the barriers that have, for so long, making it harder for the average person to get crypto loans.

Data Source: Tradingview

GoldFinch is backed by major venture capital firms and has grown massively. In just under a year, active loans given moved from $250k to nearly $36 million. Over 200,000 people in 18 different countries are already benefiting from this.

Celsius (CEL)

Celsius (CEL) is an all-inclusive blockchain with several DeFi features. While the platform was specially designed to allow for the creation and deployment of DAPPs, it has been able to attract lending protocols as well. Users can get collateralized loans with interest rates of as low as 1%. This aspect of the Celsius ecosystem has expanded quite a lot.

Maker DAO (DAO)

Maker DAO (DAO) is also an inclusive project that has incorporated a unique DeFi protocol as well. There are several lending options there but the versatility of Maker DAO makes it a very good project for anyone looking for a safe long-term bet.

The post Top 3 DeFi Protocols that are growing really fast right now appeared first on Coin Journal.

The crypto market in general is coming out of a period of consolidation over the last few weeks. Coins are surging, and Holo Chain (HOT) is one of them. In fact, HOT has been one of the top performers of the last week. Here is what you need to know:

• The coin had surged by close to 10% over the last 24 hours

• HOT is also up by around 30% over the last 7 days or so.

• This uptrend is likely to maintain in the week ahead.

Data Source” Tradingview 

Why is Holo Chain (HOT) surging?

The main reason why we saw a surge in HOT over the last few days was a new announcement on the ecosystem roadmap that looks to make the project huge. But even with that, HOT had actually shown a lot of bullish signs before. 

For example, it had managed to cross above a crucial overhead resistance zone of $0.004. Also, the coin hit a monthly high at the start of the week. The bullish outlook still remains intact. In fact, we are watching to see if bulls can push the price above $0.006. 

If this happens, we could see decisive gains that could target $0.01 in the near term. This will represent a 50% surge from the current price. But if the price falls below $0.004, then more weakness could ensue.

Should you buy Holo (HOT)?

Holo markets itself as a peer-to-peer chain that hopes to provide a fast and reliable infrastructure for the deployment of decentralised apps. The project is also introducing new tools to help bridge the gap between decentralized systems and centralized ones. 

The fundamentals are indeed quite good, and we have seen a lot of resilience as far as HOT goes. In the longer term, we expect the price outlook to remain positive and upbeat.

The post Holo Chain (HOT) is heating up right now – Here is why you should buy appeared first on Coin Journal.

• QTUM Rallies ahead of Binance Blockchain Week, where it is a premier sponsor. 

• Binance Blockchain Week is a big deal and will draw crypto investors from across the globe. 

• QTUM price action points to more gains in short to medium term.

Qtum QTUM/USD has been one of the top-performing cryptocurrencies over the last 24-hours. In this period, QTUM is up by over 20% and gaining. While this is purely price action at play, there is a good chance that QTUM could sustain the rally over the next couple of days. This has a lot to do with the upcoming Binance Blockchain Week that will take place in Dubai on March 28th.

QTUM will be the event’s premier sponsor, and quite naturally, this means it will attract a lot of attention. Under the current setup where bullish momentum is on the rise across the market, this could trigger a major rally in the price of QTUM into April. 

For context on how big the Binance Blockchain Week deal is, it will have more than 80 influential speakers, over 10 panels and fireside chats, and over 10 keynotes. This means it will likely pay attention across the global crypto community, and even people who may not know how powerful QTUM is will likely be interested in the project. 

However, besides the short-term attention, QTUM has all the hallmarks of a winner, especially now that bullish momentum is rising across the market. QTUM is a blockchain platform built on the Bitcoin UTXO but runs on PoS. This makes it energy efficient while leveraging on the simplicity of the Bitcoin code. The result has been huge adoption for Dapps, which can only grow going forward.

QTUM moving averages point to further gains

Source: TradingView

In the last 24-hours, QTUM buying volumes have shot up. The 50-day and 100-day moving averages are looking up, while the 20-day moving average is outpacing them at an accelerated rate. This indicates that buying volumes are rising fast, and the price could rally even further in the short term.

Summary

QTUM is rallying at the moment and is up by over 20% in under 24-hours. QTUM is likely to get a boost from its sponsorship of the Binance Blockchain Week on March 28th. Long term, QTUM fundamentals are likely to drive its price even higher.

The post Why QTUM could record even more gains going into April appeared first on Coin Journal.