Kategorie: Crypto Analysis

Key Points:

• SHIB and DOGE have made millionaires in the past. 

• Their strong communities could see them rally again in 2022. 

• SHIB deflationary nature gives it an edge over DOGE. 

Shiba Inu (SHIB)

Shiba Inu is a cryptocurrency that launched as an alternative to Dogecoin. They are meme coins, which means they have logos and graphics associated with them but serve no real purpose other than being funny or entertaining people online via social media platforms such as Facebook where users post photos on their walls just like you would do when participating in chat rooms back home!

Dogecoin (DOGE)

Dogecoin is a form of digital currency that allows people to exchange funds without relying on third parties such as banks or other financial institutions. Unlike traditional currencies though-such as dollars and euros-, each individual coin has its own unique value based solely on how much time it took for someone else to create them!

First minted back during December 2013 by Billy Markus from Portland Oregon USA., this fun cryptocurrency quickly gained traction among enthusiasts’ thanks largely due its witty logo featuring the popular internet meme known simply “doge”. Today there are over 100 million units already out of circulation.

Which one is a better buy?

Meme coins gave investors crazy returns in 2021. Anyone who had just $100 or more worth of SHIB or DOGE is now wealthy.

As bulls return to the market, these two could still go on to make massive gains, reminiscent of 2020/21. That’s because they now have much bigger communities, and adoption is growing. However, going forward SHIB is likely to pale Dogecoin in gains. That’s because Shiba Inu is deflationary and close to 50% of the total amount in circulation is already burned. Shiba Inu ecosystem is growing, and now includes a DEX (Shibaswap).

On its part, Dogecoin is heavily reliant on Elon Musk, and the Musk effect on it seems to be waning. This gives SHIB a better shot if bulls regain the market.

The post Shiba Inu v Dogecoin: SHIB stands better prospects – Here’s why appeared first on Coin Journal.

An end to the case with the SEC could be a game-changer

Key Points:

• XLM and XRP target the trillion-dollar cross-border payments market. 

• XRP has underperformed XLM due to issues with the SEC.

• A good ending to the Ripple/SEC case could see XRP go parabolic in 2022. 

Ripple (XRP)

XRP Ledger is a public blockchain that provides developers with an open-source foundation for executing the most demanding projects. This low latency, fast and reliable ledger has features like an easy development environment to help reduce time spent in coding which ultimately makes it more efficient than other alternatives out there today! It is also environmentally friendly.

Stellar (XLM)

Stellar is a network for currencies and payments that allows users to create, send or trade digital representations of all forms of money. It’s designed so the world’s financial systems can work together on one single system – it offers faster speeds than typical blockchain-based networks while being cheaper in terms of both time & energy consumption!

Which one is a better buy?

Both Stellar and XRP are pretty good buys at current prices. Their fundamentals are pretty strong, too. They both target one of the largest markets in finance, and that’s the trillion-dollar cross-border payments market.

Over the past year, XLM has outperformed XRP, and for good reason. Since 2020, XRP has been fighting a legal battle with the SEC. This has held it back all through, while XLM has had its run alongside the rest of the cryptocurrency market.

However, things could change in 2022. Most analysts are in consensus that the case may not drag further than 2022. There is also speculation that Ripple could win the case.

If this happens, then things could turn pretty well for XRP. In fact, it could be the wildcard that could see XRP rally and reclaim its position as the 3rd largest cryptocurrency, one that it held for many years.

That said, Stellar, too, has a lot going for it, especially in terms of its ecosystem growth. As such, it makes sense to have both in a crypto portfolio.

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

The post XRP vs Stellar Lumens (XLM) – Why this could be the year XRP takes off appeared first on Coin Journal.

Cardano slow development puts it at a disadvantage against AVAX

Key Points:

• Both Cardano and Avalanche are high-quality platform blockchains

• Both performed well in the last Bull Run.

•  Avalanche has a much bigger ecosystem and better prospects for parabolic gains.

Cardano (ADA)

Cardano is a blockchain platform that uses peer-reviewed research and evidence-based methods to provide unparalleled security, sustainability for decentralized applications & systems. It does this by combining pioneering technologies with one goal in mind – To give power back from structures like banks or governments which have been taking it away from people all these years!

Avalanche (AVAX)

The Avalanche protocol is a new approach to smart contracts and blockchain that offers strong safety guarantees, quick finality of transactions with high throughput without compromising decentralization. The platform enables developers who want their decentralized application or enterprise deployment up quickly on one interoperable network to seamlessly scale across multiple blockchains using just one open-source system – giving them greater flexibility than current solutions allow while still achieving rapid growth rates unlike anything else out there!

Which one is a better buy?

Both Cardano and Avalanche are among the best platform blockchains in the market today. In fact, they are among the few likely to give Ethereum a run for its money in coming years. As this happens, both of them could give investors exponential gains not just in 2022 but for years to come.

However, Avalanche seems to have an edge so far. In the 2021 cryptocurrency Bull Run, Avalanche rallied by thousands of percentages, easily dwarfing any gains made by Cardano.

The same scenario is likely to repeat in 2022. While Cardano is a great project, its development has been a little slow and dragged on for years. Comparatively, Avalanche has grown pretty fast over the last year, and now has a huge Dapps ecosystem building on top of it.

For the reputation it has built so far, Avalanche stands to draw in even more Dapps developers in 2022. This is a factor that could drive up demand for AVAX tokens in 2022. Once bulls gain full control of the market, AVAX could easily go parabolic again in 2022.

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

The post Cardano vs Avalanche: Why does AVAX has an edge over ADA in 2022? appeared first on Coin Journal.

Aave (AAVE) has been going through a period of recovery over the last few days. The leading DeFi protocol is reversing some of the losses reported during the crypto winter. But the launch of a new social media protocol dubbed Lens could push AAVE even further higher. Here are some highlights:

• The new Lens protocol is an open social media platform built on Polygon with the hope of using off-chain storage.

• The launch did not immediately lead to a bullish breakout for AAVE but analysts expect this to happen in the near term.

• Besides, looking at the indicators, there is a clear bullish divergence in AAVE’s price action.

Data Source: Tradingview 

AAVE – Price prediction and analysis

At the time of writing, Aave (AAVE) was trading at $177.55 down about 1% for the day. But despite this, the coin is still up around 7.5% in the last week or so. We have also seen the DeFi token smash past its 100-day Exponential moving average. 

As the news of the social media launch starts to percolate the broader market, it is likely that AAVE will see some bullish uptrend. This will take the price action closer or above the 200-day EMA of around $205. 

We also expect the DeFi token to consolidate around that price and surge towards $210 in the near term. This will represent an upswing of around 16% from its current price.

Why Aave (AAVE) is a decent investment?

AAVE is one of the most promising DeFi projects in the crypto market right now. It is designed to allow users to borrow and lend crypto in a fully decentralized manner. 

Having launched in 2017, Aave has been delivering immense value to investors and is expected to continue the same trend in the future. So, if you ever wanted some exposure towards promising DeFi tokens, AAVE has to be top of the list.

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Fantom (FTM) has remained one of the best-performing crypto assets in the last few weeks. There was of course some major news on the chain but the general trend was up. However, we are starting to see the rally slow a bit. Here are some highlights:

• After showing decent upward momentum in the last few days, FTM has been rejected firmly on the $2.40 resistance.

• At press time, the coin was trading at $2.2 down about 6% for the last 24 hours.

• We expect Fantom (FTM) to retest the $2.4 threshold again in the coming days.

Data Source: Tradingview

Fantom (FTM) – Can it surge to $3?

Well, it is entirely possible for FTM to hit the $3 mark in the coming days. However, the coin will need to surge above the stiff overhead resistance of $2.4. Bulls did manage to push the price action above that threshold but could not sustain gains for long. 

As a result, FTM has tanked by about 6% in the last 24 hours, bringing the coin to $2.2 at press time. We expect the token to retest $2.40 in the coming days. 

If indeed bulls are able to push above that and keep the gains there, then Fantom will surge past $3. But if there is weakness, we may see the token plunge towards its next demand zone below $2.

Why you should buy FTM now?

Fantom (FTM) is an innovative blockchain project that hopes to offer better speeds and efficiency. It is one of the most underrated chains, and yet it continues to post gains after gains. 

Right now, its native token FTM has a market cap of around $5.3 billion. This is a coin that still has so much room to run and in fact, it is one of the most promising crypto assets to buy.

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