Kategorie: Crypto Analysis

IOTA (MIOTA) has been trading below the psychologically crucial $1 mark over the last few days. However, looking at other technical indicators, the coin still has a bullish outlook. Once it breaks above $1, expect more gains to follow. Analysis to follow below but here are some highlights:

• Despite falling under $1, MIOTA is still trading above its 20- and 50-day simple moving averages

• At press time, the coin was trading for $0.95, down about 3% compared to the last 24 hours.

• For any bullish rally to occur, MIOTA must test both the 100- and 200-day SMAs in the coming days.

Data Source: Tradingview 

IOTA (MIOTA) – Price analysis and prediction

For the last few days, IOTA has moved largely sideways. Although it has rallied with other crypto assets in the last week, we have seen the price action slow a bit with minimal volatility. 

But most investors are watching to see if the coin can cross over the psychologically crucial mark of $1. If this happens, it is likely that MIOTA will test the overhead resistance of $1.7. Even if it doesn’t cross that threshold, by simply getting near, investors could pocket gains of nearly 40% in the short term. 

Also, the RSI appears to support this bullish thesis. But if indeed MIOTA fails to cross $1, it will fall to the next support of $0.7 before it finds sufficient demand to surge again.

Is IOTA (MIOTA) a good coin to buy?

IOTA is a decentralised ledger that is not actually a blockchain. It is designed to offer the benefits of traditional blockchains without the added high fees and slow speeds. IOTA remains an underrated project, and as concerns for network efficiency rise in the future, its proprietary technology will be hot.

 At $2.2 billion in market cap, there is a very real chance that MIOTA could surge even further in the future. It is a great buy for long-term crypto investors looking to unlock value.

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Loopring (LRC) had emerged as one of the top-performing coins in 2021. In fact, the altcoin went on to hit its all-time high of $3.86 in November last year. But after that, it’s been free fall for LRC. However, the coin appears to be nearing a decisive bullish breakout in the coming days. Here are some highlights:

• After hitting all-time highs of $3.86 in late 2021, Loopring (LRC) has fallen over 75% from those levels.

• At the time of writing, the token was trading at $1.06, up about 5% over the last 24 hours.

• Loopring (LRC) is however consolidating and a decisive bullish breakout could see gains of nearly 50% from its current price.

Data Source: Tradingview 

Loopring (LRC) – Can it return to $3

A run towards $3 for Loopring (LRC) is possible. However, it will not happen soon. But LRC can surge by 50% in the coming days. The key for the token would be to break the $1.2 overhead resistance. 

LRC has tested that threshold over the last few days and has been rejected on all occasions. But we are starting to see some decent upward momentum. 

It is likely that the coin will break $1.2 and after that rally towards $1.8 in the near term. This will bring gains of nearly 50% for investors. Besides, RSI indicators also show the momentum in the bull’s favour.

Why you must buy Loopring (LRC)

Loopring (LRC) is an Ethereum scaling solution designed to provide the infrastructure needed to build decentralised exchanges. It is one of the most promising crypto projects in the market today. 

With a market cap of around $1.4 billion, there is still so much to come from LRC. It is therefore a decent long-term investment especially now that it has fallen significantly from its ATH.

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Volt Inu (VOLT) has announced it will be listing its token on the crypto exchange Hotbit. It’s a major move for the meme coin, but this did not translate into gains in the price action. Here are some highlights:

• As news of the listing started to come out, Volt Inu (VOLT) was down nearly 35% in less than 24 hours.

• At press time, the coin had paired some of these losses but was still down by a whopping 15%.

• Volt Inu (VOLT) is also planning to list on major CEXs including Bitmart and Singapore-based XT.

Data Source: Coinmarket.com

Volt Inu (VOLT) – Price action and analysis

In most cases, when coins list on major exchanges, they often skyrocket. But it seems Volt Inu is not following the script. As soon as the news broke, the token was already lower by 35%. 

There has been some recovery however as the day progressed. At the time of writing, the coin was down around 16%. VOLT also saw a surge in trading volume in the last 24 hours, rising by around 30%. 

We are also hearing that there are plans to list the meme coin on other major CEXs including Bitmart and Singapore based exchange Xt.

Is Volt Inu (VOLT) prime for investment now?

When meme coins list in some of the leading exchanges, they often tend to rise sharply. This is the case for VOLT. Although it’s the latest listing on Hotbit did not have major effects on the price action, when the token gets on platforms like Bitmart, we will see some advances no doubt. 

However, as with all meme coins, there is always a lot of downside risk with such tokens. It’s not the kind of crypto you want to be holding when the market is down. So, for short-term plays, VOLT is a decent crypto.

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New NFTs are being minted virtually every day thanks to the ERC-721 standard that made it possible. However, of the numerous NFTs, here are the top five picks to buy before February runs out and they are on OpenSea.

To buy any of these NFTs, simply purchase some Ethereum (ETH) from our recommended partner and send it over to your MetaMask wallet. You can then use that ETH to buy the NFTs on OpenSea.

1. CryptoPunks

CryptoPunks started the NFT movement with a collection of 10,000 unique punk arts. It is the brainchild of Larva Labs and was developed on the Ethereum platform. The collection consists of apes, humans, aliens, and zombies, including 3840 females and 6039 males. They were initially available for free but are now one of the most expensive NFTs.

Its average price for the last 7 days is 110.3746 ethers and over 829,000 ethers have been traded for it since its creation. Only about 3,400 have been bought out of the 10,000. So, you can still buy into the collection and be a proud CryptoPunk owner.

Check out the CryptoPunks available to buy on OpenSea now.

2. Bored Ape Yacht Club (BAYC)

Bored Ape Yacht Club was created by Yuga Labs and it comprises 10,000 different Bored Apes. These apes have over 170 different characters, varying from clothing to headwear, expression, colour, and so on. At launch, it cost 0.08 ether. However, its floor price is 91 ether right now with over 6,000 owners.

It has traded a total volume of over 389,000 ethers. Owning a Bored Ape gives you access to the club, enjoying perks and areas in the club. It will give you access to a collaborative room for graffiti- the bathroom. All you need to do to be a part of this is buy a Bored Ape.

3. Doodle

Doodle is a community-driven collection that features the work of Burnt Toast. It is made up of 10,000 different Doodles with varying sizes, backgrounds, faces, colours, hairs, and hats. Initially, a Doodle cost 0.123 ether, however, it is worth 13.6 ethers now. As of today, about 78,000 ethers have been exchanged for Doodles.

Owning a Doodle allows you to determine the activations and experiences the Doodle Community Treasury can be used for. Its followership is growing with only 4,000 items left to be bought. Get yourself a Doodle now, don’t wait any further.

4. Cool Cats

Unlike most NFTs, Cool Cats is made up of 9,999 items. These unique items possess about 300 varying features from the body to face, outfit, and hat. There are 4,599 cool cats, 3000 wild cats, 1750 classy cats, and 650 exotic cats with varying coolness. Cool Cats with matching sets of features are always rare and expensive.

As of today, the floor price is 10.4 ethers and over 83,000 ethers have been traded. Over 5,000 items already have owners. You can buy one or two Cool Cats to have access to exclusive events in the community, including raffles, airdrops, NFT claims, and future perks.

5. Alien Frens

Alien Frens is a community-driven project created by Mason Crowe. It features 10,000 unique items, including 4,000 common, 3,000 semi-rare, 2,000 rare, and 1,000 ultra-rare. Each avatar contains both human and alien traits. It has a floor price of 1.7 ether with over 18,000 ethers in trading volume.

Getting an alien frens is tough now as more than 6,000 items already have owners. Owning it gives you access to comic books, events, exclusive merch, and invasions among others. You can buy an alien frens now to join the exploration of Planet Frens.

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 Meme tokens are cryptocurrencies created as a form of a joke or a meme’s digital representative. Most meme tokens are known for their outrageous supply. This movement was led by Dogecoin; the pioneer meme token that most copy. Two of the meme tokens that credit their inspiration to Dogecoin are Shiba Inu and Baby Dogecoin.

 Baby Dogecoin is based on Dogecoin and was launched in June 2021. Unlike Dogecoin, it has 420 quadrillions total supply, which has been pre-mined to serve as incentives for holders. It was created independently to implement things, not in Dogecoin, and to serve pet charity purposes. It boasts as a hyper-deflationary token, having implemented coin burning to introduce scarcity, reflection, and liquidity pair acquisition.

 Shiba Inu is the meme token of the Japanese Shiba Inu dog, which was launched anonymously by Ryoshi in August 2020. Unlike many meme tokens, it has an ecosystem that supports its tokens- SHIB, BONE, and LEASH. It was launched on the Ethereum blockchain, and the principal token was issued on the Uniswap exchange. There is a total supply of 1 quadrillion which is used on the ecosystem.

 As of today, the number of people holding BABYDOGE is more than that of SHIB. This can be attributed to the hidden part Elon Musk has been playing in driving the adoption of most meme coins. However, BABYDOGE has no noteworthy use-cases, and as such SHIB is a profitable meme in the long run. Shiba Coffee Shop, Newegg, NOWPayments, and Bigger Entertainment are some of the supporters of the Shiba Inu community burns.

 There are also plans to launch a blockchain and a DEX platform. Likewise, it is close to launching an NFT gaming platform with its partner Playside. Businesses, including AMC Theaters and Newegg, are accepting it as payment. SHIB is worth $0.00003258 right now with a market cap of $17.9 billion, while BABYDOGE costs $0.000000003926 with a market cap of $627.9 million.

 Of the two, SHIB would make a long-term profitable investment. However, it should be noted that meme tokens are far more volatile than most cryptocurrencies. Before you invest, research as deep as you can and deal wisely.

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