Kategorie: Crypto Analysis

Key points:

•  Both are undervalued and could rally as the market turns bullish.

• Tezos has more potential due to its growth in the NFTs market.

•  Tezos is also a major player in DeFi, a fast-growing aspect of crypto.

Filecoin (FIL)

In its simplest form, Filecoin is a distributed storage system that allows users to rent unused hard drive space. The project was created by Protocol Labs and built on top of the Interplanetary File System. It allows for easy access from anywhere in the world without any additional cost or waits time during delays because it’s an open-source effort with no single point failure like other companies have had before them.

Tezos (XTZ)

Tezos is a next-generation blockchain that has been designed from the ground up to be scalable, secure, and flexible. This means it can execute peer2peer transactions with high speed while also serving as an excellent platform for deploying smart contracts – all without sacrificing any of its core features or principles.

Which one is a better buy?

Both Tezos and File coin are good investments in February. Both of them have the fundamentals to rally and test new highs in 2022.

However, on a comparative basis, Tezos has more potential. Tezos has seen its share of the NFTs market grow, and this is a big deal because NFTs are on a growth path at the moment, a factor that could help drive up the demand for platforms like Tezos.

For instance, in late 2021, Formula 1 team, McLaren Racing, introduced a non-fungible tokens (NFTs) platform where digital art collectors can buy F1 collectibles. This is built on top of the Tezos blockchain protocol which is preferred by many in this industry because it provides greater security than other similar networks.

Tezos has also been gaining traction as a DeFi platform, another growth area in crypto that could take crypto to new lengths.

All these factors make Tezos a top cryptocurrency to watch, even though file coin too has good odds of profitability.

The post Filecoin v Tezos, which one is a better buy? appeared first on Coin Journal.

• The bullish price estimate for OMI is between $0.0062 and $0.0125.

• The price of OMI may hit $0.02 this year. 

• The OMI negative market price forecast for 2022 is $0.00461.

The cryptocurrency market seems to be rapidly rebounding in recent days. After a negative run in the previous months, bulls have gradually increased in the past week. At the moment, it seems that the crypto-asset business will resume its upward trend.

Price is currently trading at the Central Pivot, price trading above P indicates that OMI uptrend may extend for some time because the final candlestick is above P.

The latter indicates that the current gain in ECOMI (OMI) value is unlikely to cease soon, as there may be stabilization and a resumption of the bullish trend which may lead us to break the previous all-time high and tap a high of 0.02 before the year ends. 

The long-term OMI price forecast for 2022

OMI is likely to trade around its current all-time high of $0.01338. Nevertheless, this will only transpire if many earlier psychological barriers are broken.

If the current upward pattern holds, ECOMI might be worth $0.02 by the conclusion of 2022. Furthermore, the first half of 2022 will see a modest increase of up to $0.0082. With planned collaborations and advances, achieving $0.03 is somewhat ambitious in terms of pricing, but it is undeniably doable in the foreseeable future.

The post Will the price of ECOMI (OMI) reach $0.02 in 2022? appeared first on Coin Journal.

• Litecoin is trading at $114.2, the highest level since the 27th of January. 

• Release of MimbleWible to positively affect Litecoin.

The recent selling pressure caused by macroeconomic considerations has been and will continue to be alleviated in February. Some analysts believe this month of February has traditionally been optimistic for Litecoin and the crypto industry.

Release of MimbleWimble

Without a doubt, the subsequent declaration of LTC’s MimbleWimble development as either a Release Candidate or beta might have a positive long-term influence on Litecoin. The update has been in the works for many years and is one of the most anticipated product launches for this cryptocurrency in its community.

The news was made on Twitter by the MimbleWimble’s and Litecoin Foundation’s primary creator, David Burkett. Burkett used the MWEB extension to release the first LTC domains, which may be viewed below.

The developer began focusing on this update in 2019, and as the Foundation stated, MimbleWimble would be included in this cryptocurrency’s Core 0.21.2 version sample with an extra privacy-related enhancement. 

According to Guy Corem, MimbleWimble will be authorized by the Litecoin network if 6,048 nodes are alert for its deployment beginning at block heigh 2,217,600. Before this time ends, the update must be accepted by 75% of the LTC nodes.

The Litecoin Foundation confirmed that the community and miners might start pushing for MimbleWimble when they get the update code. The commencement date for the execution of this plan will be set after the stated threshold is met.

The post Litecoin (LTC) rises 4.4% as MimbleWimble takes effect appeared first on Coin Journal.

• The coin’s current price is $0.979, trading within a bearish wedge. 

• The price of Algorand is rising after finding support at the 4-hour central pivot ($0.92)

• The next resistance level remains firm at around $1.000 R1 level.

The most current Algorand price report reveals an upward trajectory for the day, as the bulls managed to obtain their advantage. The cryptocurrency encountered strong resistance last week but the bulls are again back on track.

The coin’s price rates have risen to a high of $0.98 due to the recent uptrend. If the bulls continue to advance, the ALGO/USD value is projected to rise even more this week.

Price recovers to $0.98 as bulls try to reclaim control

A significant amount of coin value was noticed in the one-day Algorand price study, indicating a positive trend for cryptocurrency. The price fell early this week, but the positive impetus has already been regained. The short-term trends line is heading higher as the price stabilized at $0.989. 

However, in the recent 24 hours, the price broke beyond the $0.964 barrier, and additional gains are likely. While the hourly price chart provides a favorable signal, the price has recently reached a high of $0.98, and traders are keenly watching if markets break the $1.0 key level before they commit to being fully bullish or wait for the bearish continuation.

The post The value of ALGO/USD rises to $0.982 following a mild bullish correction appeared first on Coin Journal.

• Cosmos dropped 45% over the last two weeks. 

• Price found support at the $26 mark. 

Cosmos (ATOM/USD) is a project meant to solve the main challenges facing blockchain technology. It aims to eliminate the negative consequences of using blockchains such as environmental degradation, high cost of power, and increased processing time of transactions and data transfer. 

On January 17th, 2022, Cosmos traded at the $44.4 mark and was one of the best-performing crypto assets for 2021. As 2021 started, Cosmos was trading at $4-$5 and reached a high of $44 before the year ended. This was more than a 1,000% return. 

Out of that outstanding gains for 2021, markets have wiped out more than 45% of the value of this coin in less than two weeks. 

The current market price is $28.270, and the weekly central pivot also offers some strong support to price, allowing bills to survive the bearish wrath from the last two weeks. 

Where next for this coin? 

If the price can float above $26 support, we might see some bullish pressure come into the market in the medium term to push the price to equilibrium for the week at the $30-$31 mark. However, most markets are still uncertain about the long-term direction. The general market is concentrated with interest rates risks from major central banks which may shift how financial markets have worked over the past three years.

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