Kategorie: Crypto Analysis

The digital global payments sector is valued at trillions of dollars. But despite this, this entire system is controlled by very few central players. The blockchain revolution is however trying to usher in a new age of decentralized global; payments. Here is why this makes a lot of sense:

• Decentralized payments will be resistant to censorship and government interference.

• A decentralized system can reach people who are traditionally underserved by global systems.

• Centralized systems have a lot of privacy-related issues.

If you are keen on making investments in this decentralized payment revolution, then there are some projects that are worth your time. Here they are:

Alchemy Pay (ACH)

Alchemy Pay (ACH) was one of the first major global decentralized payment systems that are hoping to lay the groundwork for a shift towards a globalized blockchain-powered system. 

Data Source: Tradingview 

Alchemy Pay basically tries to make it easier for individuals to pay using crypto wherever they are. It has also created an easy way for people to invest in crypto and manage those assets in one single place. ACH remains a highly underrated project with a market cap of $182 million. It has the potential to really blow up as the world starts to adopt decentralized payments more.

Biconomy (BICO)

Biconomy (BICO) is also a web 3 protocol that is designed to make it easier for DeFi apps to launch and deploy. It is aiming at creating a platform for interconnected DeFi protocols that will include several financial services including payments.

Anchain.AI

Anchain.AI is a new and upcoming project that is hoping to become the go-to platform for people who wish to trade and pay in Web 3. The platform bills itself as the “web 3 digital assets platform”. It is looking to offer a highly integrated financial service that will make it easier for people to pay in decentralized ways.

The post Best crypto projects that are pushing for decentralized digital global payments appeared first on Coin Journal.

There has been a lot of talk about the coming web 3 revolution. It is seen as the next age of the decentralized internet and a lot of tech companies are trying to own the future. So, what do we know so far about the web 3 revolution? Here are some notable developments:

• Big tech firms like Twitter and others are pushing the Web 3 idea

• Blockchain projects to support Web 3 are already in place right now.

• In 2022, investments in web 3 are heating up to new levels.

But what are some of the key blockchain projects right now that have the potential of triggering the Web 3 revolution? Here is our top 3 list.

Ankr (ANKR)

Ankr (ANKR) is a leading decentralized cloud computing service that has for years now been trying to rival centralized cloud providers like AWS, Microsoft, and Alphabet. Ankr basically allows people to share their unused computer resources and earn a return in the process. 

Data Source: Tradingview 

It is one of the key projects that could provide the basis of the computer power needed to power a fully decentralized internet. Also, Ankr has been adding several interoperability features and is already compatible with over 40 chains.

Avalanche (AVAX)

The key to Avalanche (AVAX) as a huge driver of the web 3 movement is its sub-chains. Avalanche basically allows developers to create small sub-chains within its main network to specifically power their DAPPs. Think of it as the windows or android for blockchains. This is likely to unleash massive innovation.

Golem (GLM)

Golem (GLM) works in the same way as Ankr. It is designed to help crowdsource computer resources and deploy them wherever they are needed. As noted above, decentralized computing power will be the driver of Web 3, and projects like Golem will make that happen in a big way.

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For a very long time now, $15 has been a crucial phycological mark for Chainlink (LINK). The coin has tried to maintain gains above that several times this year but has fallen again as volatility in the market continues to hit. So, what will happen this time? Here are some pointers:

• It’s the first time LINK has gone above $15 in several weeks.

• $15 had also proved to be a huge overhead resistance level for LINK’s upswings.

• Bullish momentum is looking likely but could slow down eventually.

Data Source: Tradingview 

Chainlink (LINK) – Price analysis and prediction

Converting $15 from overhead resistance to support is a big move for LINK bulls. The coin has surged past this level for the first time in a while, and based on the price action so far; it seems like it’s actually trying to consolidate here. The big question now is how long LINK can keep the price action above $15. 

If indeed bulls pull it off, then it is likely that the coin will move on to test the next overhead resistance zone of $18. Based on the current bullish momentum, we expect LINK to surge to around $19.5 before it tries to find more demand. 

However, with many short-term traders likely to lock in profit at that zone, we expect a slight pullback once LINK rides above $19.5 in the near term. Besides, The RSI right now has moved to neutral, which suggests any bull run will slow eventually in a few days.

Is it time to buy Chainlink (LINK)?

Founded in 2017, Chainlink (LINK) has grown to become one of the main blockchain projects in the world. It is quite low from its ATHs, but this also means that it is a very good option to buy at the moment. With LINK’s long-term potential, any investors worth his or her salt should have it.

The post Chainlink (LINK) climbs back above $15 – Does it have enough momentum to go further? appeared first on Coin Journal.

When SushiSwap (SUSHI) first came out, it was seen as one of the best ever projects in DeFi. Investor interest was instant and as such, the coin surged, hitting an all-time high of around $23.3 in March last year. But ever since, it’s been a challenging period for SUSHI. Can it really recover? Here is what you need to know:

• From an ATH of $23.3, SUSHI is now trading at around $3.56.

• SushiSwap is facing increasing competition in the DeFi space, especially DEXs.

• It is highly unlikely the coin will ever regain the ATH anytime soon.

Data Source: Tradingview 

SushiSwap (SUSHI) -The bleak picture ahead

If there is anyone out there biting their fingers waiting for SUSHI to ever return to $23.3, they may have to wait for quite some time. You see, unlike many coins that have fallen due to broader market headwinds as opposed to changes in underlying fundamentals, SUSHI has suffered from both. 

First, the project behind SUSHI is having to deal with increasing competition from better, more efficient market entrants that are sucking quite a lot of users and TVL. SushiSwap has also had to deal with the congestion and high gas fees of Ethereum, which has limited scalability. 

As for the short-term price outlook, we saw the coin fall below the crucial $4.2 support. We expect SUSHI to bottom at $2.8 before it has any significant rally.

Is SushiSwap (SUSHI) worth the risk?

Well, it will depend on your expectations. Although the coin has fallen from ATHs and is never getting back there soon, there is still a little upside. At the current price of $3.5, SUSHI is heavily discounted. 

If sentiment improves in the market, we are likely to see a surge towards $7 by the end of the year. That would still be a 50% jump. Besides, the move to Ethereum 2.0 could help jump-start the project in the future.

The post SushiSwap (SUSHI) has fallen sharply from ATHs – Is there any chance of recovery? appeared first on Coin Journal.

Filecoin (FIL) has often been touted as one of the most promising projects in a web 3 revolution that many experts feel is around the corner. But the coin has really struggled this year. However, after a period of consolidation, a bullish breakout may be imminent. Here are some factors to note:

• Filecoin could conceivably grow 4X by the end of 2022 or even higher.

• The underlying value of the coin remains highly underrated.

• The push towards web 3 this year will drive much of FIL’s upward surge.

Data Source: Tradingview

Filecoin (FIL) – How soon can it hit 4x?

After a shaky start to the year, it reached a point where there were fears we may see a prolonged crypto winter. Filecoin (FIL), just like many altcoins, was really hit hard, and it bottomed to a new 2022 low of $16.5 about a few weeks ago. But then the momentum reversed, and we saw some decent rise and a period of consolidation. 

There is a lot of improvement in sentiment, and this can only be a good thing for FIL. We are watching to see if the coin can flip $21 from an overhead resistance zone to a support zone in the short term. 

This could trigger a bull run that sends FIL up by at least 30%. From a longer-term point of view, analysts are looking at $80 easily. Remember FIL was trading at $120 in September last year. There is therefore precedent for rapid gains and losses.

Should you get Filecoin (FIL)

Filecoin remains a crucial cog in the data storage business. It is designed to become a decentralized data solution, and with the coming age of decentralized internet, this type of service will be invaluable. 

FIL is not alone in this of course. There are some competitors. But so far, the project has really done very well. It’s worth looking at.

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