Kategorie: Crypto Analysis

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.

Monero (XMR) has seen some decent rallies in recent days. However, the coin has failed to surge past a crucial supply zone, falling sharply from there. So, what is next for this popular privacy token? Well, some analysis to follow below but first, here are some highlights:

• Monero (XMR) has struggled to clear the crucial $180 supply zone and has fallen sharply every time

• At press time, the privacy token was trading at around $168, down by about 6% in 24-hour intraday trading.

• Bulls must transform $180 from a supply to a demand zone if XMR will rally further above $200.

Data Source: Tradingview 

Monero (XMR) – Price prediction and analysis

Monero (XMR) has had its ups and downs over the years. The coin has faced several regulatory issues and had to be delisted in some major exchanges. But this has not stopped the coin from truly surging. 

After coming under severe selling pressure at the start of the year, XMR has recovered sharply. But bulls have struggled to take the price action above the $180 supply zone. As traders take profit at this zone, XMR has fallen sharply every time it has tested that threshold. 

If bulls are going to take XMR above $200, they must overcome the $180 mark. If they don’t, then it is likely the coin will fall back to its current demand zone of $140. At the time of writing, Monero (XMR) was trading at $168.

Is Monero (XRM) worth buying?

A lot of privacy tokens have come out in the last few years. But Monero (XMR) still ranks among the most successful ones. After hitting highs of $519 in May last year, XMR has failed to retest those levels again. 

This downtrend gives dip buyers a perfect chance to get in. While it may take longer for XMR to return to $500, there is still enough upside to make good returns from the current price.

The post Monero (XMR) Falls again from the crucial $180 supply zone – What next for bulls? appeared first on Coin Journal.

The overall outlook for VeChain (VET) over the last two weeks has been positively bullish. The coin has joined other crypto assets in posting some decent climb. However, we have seen a general pullback in recent days. Here are some highlights:

• Despite surging the last two weeks or so, VET has slowed with a significant pullback in the price.

• At the time of writing, VET was down by nearly 12%, trading at $0.05613 in intraday trading.

• However, the coin could still retest overhead resistance at $0.075 even with this decline.

Data Source: Tradingview 

VeChain (VET) – How soon can it get to $0.075

There was some hope that the crypto market had put the dark days of January behind it. Most coins led by the mega-caps like Bitcoin and Ethereum were all surging in February. But the much-expected pullback appears to be taking shape, and VET is seeing the effects. 

The coin is now trading 12% lower compared to 24 hours ago at around $0.05617. But this is by no means a bearish outlook. We still expect VET to test the $0.075 overhead resistance in the coming days. 

If indeed this happens, it will bring gains of nearly 50% from the current level. VET could also go on to hit $0.096 as well. But if bulls don’t hold above $0.05, more weakness could follow.

Is VeChain (VET) a good investment?

VeChain is an enterprise-grade layer 1 smart contract blockchain that was launched in 2017. The aim of VeChain is to develop an advanced blockchain ecosystem designed to address some of the hurdles associated with the usage of data in various industries. 

Ever since its launch, its native token VET has seen some decent gains. It is a good long-term bet, and its $3 billion market cap leaves enough room for upside growth.

The post VeChain (VET) looks poised to test $0.075 even as the coin falls sharply in intraday trading today appeared first on Coin Journal.