Kategorie: Crypto Analysis

Daily headlines and news about crypto analysis.

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These are the best cryptocurrencies for staking

Staking offers crypto investors a chance to make decent passive income while taking considerably less risk compared to trading crypto directly. In essence, staking involves placing crypto assets in locked digital wallets for the purpose of validating transactions in Proof-of-Stake blockchains. It’s the inverse of crypto mining, and here is why you should look at it seriously.

  • You don’t need to invest in expensive computer equipment to do staking. Just a few crypto assets are needed.

  • Staking offers interest on all assets staked that can go as high as 20% per year in several blockchains.

  • Also, once the assets are staked, you simply earn some passive income on the side.

Well, if you are thinking of adding crypto staking as part of your overall investment strategy, then there are some coins you must consider. Here they are:

BitDao (BIT)

BitDao (BIT) is one of the leading decentralised autonomous organisations (DAOs) in the world. The platform is designed to attract talented developers to create and deploy innovative DAOs across various chains. BIT is the native governance token on the platform that can also be staked for excellent returns. 

Data Source: Tradingview.com 

In fact, staking BIT delivers an annual average return of around 14.77%. Besides, the token is a very promising coin backed by superb underlying fundamentals. At the time of writing. BIT was trading for $2.17 with a market cap of around $1.2 billion.

Terra (LUNA)

Terra (LUNA) is a stablecoins network designed to deliver what it calls a price-stable global payment system. Terra is one of the biggest blockchain projects right now. 

Its native governance token LUNA, which is also used for staking, has a market cap of $33 billion. This ranks it among the top 10 crypto assets by market cap. Also, staking LUNA will deliver average annual returns of around 12.5% for investors.

The post These are the best cryptocurrencies for staking appeared first on Coin Journal.

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The best crypto tokens based on the Elrond Network

Elrond (EGLD) is a highly scalable and powerful blockchain designed for distributed apps. The chain is hoping to become the driver of the new internet economy and is billed as a developer-friendly platform with secure and efficient transactions. Here are some reasons why Elrond is growing:

  • Elrond offers an alternative to major blockchains like Ethereum, which have been associated with higher fees.

  • The chain is also a scalable ecosystem that allows for the launch of innovative DApps and De-Fi products.

  • The network is poised to offer superb speeds, completing up to 15,000 transactions per second.

Several projects have been built on Elrond over the past few years, and they are as promising as they sound. Here are two main ones to watch out for:

The Orion Protocol (ORN)

The Orion Protocol (ORN) is a liquidity aggregator designed to work across multiple exchanges. In essence, the platform aggregates all available liquidity across exchanges and puts it in one single decentralised platform. The Orion Protocol basically addresses the liquidity challenges that are typically associated with Decentralised exchanges or DEXs. 

Data Source: Tradingview.com 

It was founded in 2018 and runs on the Elrond Mainnet. The value of ORN, its native governance token, is expected to rise as DEXs become more widespread in the near term. At the time of writing, ORN was selling for $6.09 with a market cap of $250 million.

Maiar (MEX)

Maiar (MEX) is an upcoming decentralised exchange designed to be the main exchange platform on Elrond. Mair is expected to also be a comprehensive all-in-one De-Fi ecosystem that, according to the developers, will “radically change” how we interact with money. 

The platform’s native token is going to be the MEX. Maiar is yet to launch, making it a good choice for investors who want to get in as early as possible.

The post The best crypto tokens based on the Elrond Network appeared first on Coin Journal.

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The best ERC 20 tokens to buy right now

After launching in 2015, the Ethereum Chain has been one of the most important driving forces in crypto. The platform has seen the growth of innovative DApps and DeFi projects. However, its ERC 20 tokens are quite incredible. This is basically a quality or technical standard that all Ethereum based tokens must meet. Check out some highlights below:

  • ERC 20 tokens are governed by a set of fixed rules that determine how they can be transferred, validated, and stored.

  • All ERC 20 tokens are built and powered by the Ethereum blockchain but can be swapped across multiple chains.

  • A huge percentage of crypto tokens that have launched over the past few years are largely ERC 20 tokens.

For investors looking for the best and perhaps the most popular ERC 20 tokens, here are two names that you probably didn’t know are based on this standard.

Shiba Inu (SHIB)

Shiba Inu (SHIB) has been the token of 2021, no doubt. The meme coin, which was launched as the ultimate Dogecoin (DOGE) killer, has exploded in value, ranking at one point among the top 10 crypto assets by market cap. 

Data Source: Tradingview.com 

Although SHIB is still a speculative asset that has very little intrinsic value, it has made people millionaires in the past year. This is also an ERC 20 token, and at the time of writing, SHIB was selling for $0.00003394. The coin also has a market cap of $18.6 billion.

Chainlink (LINK)

Unlike Shiba Inu, Chainlink (LINK) is actually a superb investment with very decent underlying fundamentals. It is basically a smart contract blockchain layer that allows universally interconnected contracts. 

LINK, its native token, is an ERC 20 coin and is ranked among the top 20 coins in terms of market cap. At the time of writing, LINK was selling for $22.51 with a market cap of around $10.5 billion.

The post The best ERC 20 tokens to buy right now appeared first on Coin Journal.

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2 of the best relatively unknown instant crypto swap exchange tokens to buy

Instant crypto swap exchanges have become quite popular in recent years. After all, crypto investors have always been looking for exchange platforms that offer low fees, low slippage, and instant swaps between a huge variety of crypto assets. Here is why these exchanges are growing very fast:

  • Crypto swap exchanges are fully decentralised and as such, they are non-custodial and permissionless, giving you extra security.

  • As decentralised exchanges address liquidity challenges in the future, instant swap exchanges will benefit the most.

  • The exchanges offer a secure more private way to exchange crypto from peer-to-peer, something most investors prefer.

Uniswap (UNI) is by far one of the most popular crypto swap exchanges. But the following 2, which happen to be relatively unknown, are very good investments right now.

BakerySwap (BAKE)

BakerySwap (BAKE) is a De-Fi platform that provides crypto swaps. Like Uniswap (UNI), BakerySwap uses an automated market maker protocol to enhance liquidity and keep fees low. The project is built on the Binance Smart Chain and strives to offer an all-in-one De-Fi ecosystem for its clients. 

Data Source: Tradingview.com 

At the time of reporting, BAKE, its native platform token, was selling for $1.15. The token also has a market cap of around $220 million. This means that the potential to grow even further is there, especially when you consider that BakerySwap (BAKE) was launched in 2020.

LuaSwap (LUA)

LuaSwap (LUA) is a multichain automated market maker protocol that allows for instant crypto swaps within its DeFi ecosystem. The platform has also developed innovative features to bridge liquidity across various chains, giving users more flexibility and convivence when they trade. 

Its native governance token is called LUA, and at the time of writing, it was selling at $0.06285 with a market cap of around $8.5 million. LUA is also not yet available in many major exchanges. Future growth potential is therefore quite good.

The post 2 of the best relatively unknown instant crypto swap exchange tokens to buy appeared first on Coin Journal.

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The best under the radar Altcoins that you should swoop up

The crypto market today has a lot of assets to buy. Although most people are often familiar with the popular large-cap coins like Bitcoin, Ethereum and others, there are still a few newer, under-the-radar altcoins with significant potential. Here is why it is a good idea to buy under-the-radar coins:

  • First, under radar altcoins have low market caps and as such, they have significant upside potential.

  • In most cases, most altcoins gain in value as they become more mainstream so buying them early is crucial.

  • Also, these coins will increase in value once they become available in major exchanges.

Well, here are our main picks of the best under the radar altcoins that you can purchase and hold today:

Fantom (FTM)

Fantom (FTM) is not necessarily what you would call a new project or under the radar per se. If you are a crypto investor, chances are you have come across this token. But for all its potential, Fantom doesn’t really get the attention it deserves.

Data Source: Tradingview.com 

In fact, this is a token that could easily rank among the top ten cryptos by market cap in the near future. But it rarely gets the kind of coverage you’d associate with such a potentially high-growth coin. At the time of writing, Fantom (FTM) was selling at $2.28 with a market cap of around $5.7 billion.

The Ocean Protocol (OCEAN)

The Ocean Protocol (OCEAN) is a decentralised platform that allows you to sell your data to third parties. Big data is big business these days but sadly, it is controlled by a few Silicon Valley tech firms.

But Ocean Protocol (OCEAN) is trying to change that, and there is a lot of potentials when you consider the market cap is around $550 million. OCEAN could in fact surge in 2022, so keep an eye on that.

The post The best under the radar Altcoins that you should swoop up appeared first on Coin Journal.