Kategorie: Crypto Analysis

Blockchain technology has vast applications. Whether it’s ushering in an age of decentralized finance or providing an easy way for people to stream music, there are so many projects these days that try to leverage the power of decentralized systems. Music and entertainment, in particular, have become popular in blockchain, and here is why:

• Decentralized systems cut off intermediaries in music distribution.

• These systems also allow content creators to reach audiences directly.

• The blockchain also offers several verticals for earning money from content.

For investors who want to add some music and entertainment related coins into their portfolio, here are 3 options to consider:

Audius (AUDIO)

Audius (AUDIO) is a music streaming decentralized platform designed to give creators full access to the market without going through intermediaries. Think of it as Spotify on the blockchain. 

Data Source: Tradingview 

The last few months have been quite eventful for Audius. It has seen increased growth and investment from several big-name players in the industry. The future of streaming on the blockchain is also bright, and Audius is hoping to play a key part in shaping up that future.

Ultra (UOS)

Ultra (UOS) is a blockchain-based gaming and music streaming platform as well. It is created to help creators share their games, music, and other forms of entertainment directly to customers without going through any third parties. Ultra is a fairly new project, and as such, it offers the very real potential of serious growth in the future.

Tune.FM (JAM)

Tune.FM (JAM) is a tokenized marketplace that allows musicians to stream their work and earn instant revenues. It also offers a series of tools that will make it easier for content owners to track copyrights and associated royalties within the blockchain ecosystem. Tune.FM is hoping to become the go-to platform for decentralized music sales and so far, it is slowly and surely getting there.

The post Top 3 crypto coins in the music and entertainment niche appeared first on Coin Journal.

The volatility of the crypto market can be very dangerous for short-term trades. However, it is possible to get very decent returns on capital if you decide to focus solely on long-term plays. In fact, most coins in the market will always deliver value over time. Here is what to look for in long term coins:

• Check the underlying business structure and product.

• The project needs to have deep-pocketed and serious investors or backers

• Ensure the coin also has some trade volume as well.

With that said, we thought it would be nice to pick out at least 3 coins that could help you unlock long-term value in crypto. Here they are:

Elrond (EGLD)

Elrond (EGLD) is a promising blockchain designed to address the key challenges associated with older chains like Ethereum and Bitcoin. The platform offers fast, low-cost, and highly efficient transactions. 

Data Source: Tradingview 

It is seen as one of the main challengers to Ethereum’s dominance. Over the last few months, Elrond has been getting a lot of investment and ecosystem funds to help expand its reach. It is an asset that has the capacity to offer incredible long-term value.

Harmony (ONE)

Harmony (ONE) is also another blockchain project that was built to help facilitate the creation of innovative DAPPs. It is designed to promote low gas fees, faster speeds, and ease of use among the community. The Harmony project has been around for several years and still remains a high potential coin for the long term.

Compound Finance (COMP)

DeFi is expected to become a very central part of the blockchain industry. Compound Finance (COMP) is one of the newer, more promising projects in DeFi that has the potential of going even further. It’s one of those coins that you buy and hold for a few years. The value unlocked here will be quite impressive.

The post Unlocking long term value in crypto: Top coins to buy appeared first on Coin Journal.

The crypto market has started to show some strength after a very poor start to 2022. Investor sentiment is slowly coming back and as such, it is an ideal time to think about possible investments for the long term. Here is why long-term crypto investing makes sense:

• Long term investing protects you from the volatility of the market

• There is a chance of unlocking a lot of value in the long term.

• Most crypto projects are designed to come good in the long run.

So, if you are trying to find some projects that you can buy and forget for 2022, we have a list of 3 coins to consider below.

Cronos (CRO)

Cronos (CRO) is the former Crypto.com token that was rebranded a few days ago. It is the native utility and governance token of the Cronos chain, a powerful ecosystem that was developed by the Crypto.com exchange.

The aim for Cronos is to bring wide-scale adoption of crypto into the world. The platform has signed several brandings and marketing deals including one with Lebron James. It was also one of the few crypto companies to air an ad during the Superbowl. At press time, CRO was selling at $0.42 with a market cap of around $10 billion.

Loopring (LRC)

Loopring (LRC) is an Ethereum scaling solution designed to deliver faster and cheaper transactions for users. It has earned a reputation for efficiency, and in recent years, Loopring has also attracted increased developer interest. Its ecosystem is likely to expand, and at the time of writing, the coin was selling at $1.18 with a market cap of $1.1 billion.

Siacoin (SC)

Siacoin (SC) is a project that hopes to help develop a comprehensive network of decentralized cloud storage. It is a very central project in the Web 3.0 revolution and appears to be very undervalued. At press, it was selling at $0.009919 with a market cap of $495 million.

The post Best cryptocurrencies to buy and forget in 2022 appeared first on Coin Journal.

Staking is one of the easiest ways to make money in crypto. There are of course some risks involved. But the potential to make a regular income is there. In recent years, staking programs have emerged, and it can be hard to decide which ones to use. However, here are some things to look out for:

• Staking programs should have good yearly yields

• They should also offer a flexible exit plan as well.

• The projects must have long-term value in the crypto world.

Well, if you are thinking of making steady passive income through staking, here are some of the top 3 coins to go for:

Oasis Network (ROSE)

Oasis Network (ROSE) is a promising chain that is looking to bring DeFi and the decentralized data economy to millions of people. The project has attracted a lot of investors and continues to rank very high in terms of total value locked.

Data Source: Tradingview 

As for staking, Oasis offers one of the most robust staking programs with yields of up to 20%. Staking is done using the native ROSE token and is largely used to provide liquidity within the platform.

Oxygen Protocol (OXY)

The staking program by Oxygen Protocol (OXY) is actually not yet up. The plan is to launch it on April 4 this year. But despite this, there is still a lot on offer here. First, the program will allow users to stake assets for as little as 7 days and still earn base rewards of around 6%. But in case you would love to make decent returns, you will need to stake longer. Staking periods of 2 years for example can attract yields of up to 15%.

Chainlink (LINK)

Chainlink (LINK) is one of the largest crypto projects. Its staking program gets on our list for both its yields and user-friendliness. Users can earn rewards of up to 14.5% with the LINK staking program while unlocking other rewards.

The post Staking 2022: Top 3 coins with the best yields appeared first on Coin Journal.

• Bitcoin Cash rallies after news that a country was about to make it legal tender. 

• Bitcoin Cash is now up by over 30% in the week, and momentum is rising.

• Now that it is making higher lows, Bitcoin Cash could test higher prices soon. 

While most cryptocurrencies have been on an uptrend in the last 24-hours, Bitcoin Cash BCH/USD is one of those outperforming the market. Bitcoin cash price action has a lot to do with the news that it was being made legal tender by Sint Maarten, a country part of the broader Kingdom of the Netherlands. This is a big deal, as it adds to BCH adoption numbers growing quite steadily over the past year.

It is also a factor that could reignite interest in Bitcoin Cash. BCH is among a group of big cryptos that were hot in 2017 but seem to have fallen out of investor favor. This is evident in its 2021 price action, where it failed to retest its all-time highs and has been lagging the market.

With its latest news, new investors focused on newer, shinier cryptos could start taking an interest in BCH and trigger a rally that could see it make new highs. 

Bitcoin Cash is currently up by 12.81%, and in the past week, it has gained by over 31.18%. Volumes are high, and with upside momentum on the rise in the broader market, BCH’s prospects look pretty good. 

Bitcoin Cash making higher lows 

Source: TradingView

In the last 24-hours, Bitcoin Cash has been making higher lows. This means buying volumes are on the rise, and if this continues in the short term, BCH could test $500 in the short term. 

Summary 

Bitcoin Cash has shot up in the past 24-hours following news that it was about to become a country’s legal tender. This is a vote of confidence and could reignite interest in Bitcoin Cash as the market starts turning bullish again.

The post Why Bitcoin Cash could test $500 soon appeared first on Coin Journal.