Kategorie: Crypto Analysis

There is a lot you can do with $1000. But what if you could put it in a crypto asset and see it grow 10x, 50x, or even 100x. We have seen this happen in the crypto market so many times. But it all comes down to choosing the right coin. Here is a list of important considerations.

• The coin you buy should be relatively new in the market but with decent underlying fundamentals.

• But if it’s not new, focus on assets that have recently dipped in their price for a good return.

• These also need to be tokens that still have lower market caps so there is room for growth.

Well, in case you have $1000 to invest, the following crypto-assets should offer decent returns in the long run.

Dogecoin (DOGE)

One thing we know about meme coins is that they can be wild. Although this makes them risky, it also means that the potential to make decent returns is very high. 

Data Source: Tradingview 

Right now, most meme coins, including DOGE, have bottomed and as such, you can buy the dips and ride the upward recovery. At the time of writing, DOGE was trading at $0.1584.

Hex (HEX)

Hex (HEX) is an ERC20 token designed to act as a store of value for people who want to invest in crypto. During periods of market volatility and uncertainty, these types of coins can be quite invaluable. What makes HEX such a great option is the fact that it has a market cap of around $37 million. This means that it can actually moon in no time.

Osmosis (OSMO)

Osmosis (OSMO) is a peer-to-peer network built on Cosmos. It is designed to allow users to exchange IBC enabled tokens and provide liquidity for on-chain and off-chain transactions. At press time, its native token OSMO was trading at around $9.13 with a market cap of $2.6 billion.

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The Tron (TRX) network is by far one of the most exciting blockchains in the world right now.  The project hopes to build the infrastructure needed for a truly decentralized internet. In recent years, Tron has also been attracting its fair share on new DApps. Here is why:

• Tron offers high scalability options that allow new apps to be developed and deployed faster.

• It also has a more reliable network structure for guaranteed uptime and reliability

• The network is also partnering with several major names in crypto and in tech as well.

Data Source: Tradingview 

For investors who are keen on investing around the Tron ecosystem, then the following DApps should be a good start:

JustLend

JustLend is a DeFi project designed to offer peer-to-peer lending and borrowing. Built on the Tron ecosystem, the app connects potential borrowers with lenders through a peer-to-peer system. 

It is one of the most notable DeFi apps on Tron and in the world. The app allows users to set their own interest rates, repayment terms, and so much more. It can also let people launch fund drives and campaigns as well.

SunSwap

SunSwap is a decentralised exchange protocol that allows users to swap crypto assets in a non-custodial manner. It is the main exchange platform on Tron, and at the time of writing, it had around $32 million in 24-hour trading volume. SunSwap allows users to connect their crypto wallet directly and buy or sell these assets from peer to peer.

Cukies world

Cukies world is a play-to-earn game that allows users to earn and trade NFTs. It is in fact the only blockchain-based game on the Tron network with over 12,000 NFTs up for grabs. Although the game is fairly recent, it has managed to attract a lot of users in recent weeks. It has the potential to rival such similar games as Axie Infinity and others.

The post The best DApps to watch on the Tron Network appeared first on Coin Journal.

A big portion of the crypto market has shown some decent rallying over the last few days. Zilliqa (ZIL) is not any different. However, even with this short-term bullish momentum, the longer-term outlook for this token looks under par compared to its peers. Here are some highlights:

• Zilliqa (ZIL) has largely shown immense volatility over the last 12 months and we expect this to continue in 2022.

• At the time of writing, the token had surged by nearly 11% in 24 hours, trading at $0.05708.

• ZIL still has a market cap of $705 million so there is still room to climb.

Data Source: Tradingview 

Zilliqa (ZIL) – Price prediction and analysis

Zilliqa (ZIL) has been on a consistent downtrend since November last year. Although we have seen periods where the coin has rallied, the general trend has often been bearish. But we are starting to see some signs that Zilliqa (ZIL) could actually start to pair up some of the losses it has reported at the start of 2022. 

The token has gained over 11% over the last 24 hours and has also seen gains of around 30% last week. It’s highly unlikely though that ZIL will reclaim its all-time highs anytime soon. In fact, although we expect the token to actually grow this year, it is likely going to underperform some of its peers.

Is Zilliqa (ZIL) still a decent buy?

Due to its wild volatility, it’s understandable that a lot of investors will steer clear of Zilliqa (ZIL). But do not let this fool you. This is still a very decent asset and has offered value for investors before. 

It simply needs patience. Right now, ZIL is slightly out of the top 100 cryptos. But with a market cap of around $700 million, you could argue that the growth potential is still there for the long term.

The post Zilliqa (ZIL) could teeter in 2022 despite rallying impressively over the last few days appeared first on Coin Journal.

Algorand (ALGO) looks poised for a bullish breakout. After dropping below the $1 mark, the coin has actually been consolidating there the past few days. It seems like it’s about to break out, especially now that we have seen sentiment in the market get better. Here are some highlights:

• The $1 mark has proved to be a very strong overhead resistance zone for ALGO but the token has tested it continuously.

• At the time of writing, ALGO was trading at $0.9793, up by about 6% in the last 24 hours.

• If indeed the coin is able to break above the $1 mark, then we could see a genuine 25% rally in the days ahead.

Data Source: Tradingview

Algorand (ALGO) – Price analysis and prediction

After falling below the psychologically crucial point of $1, ALGO has actually consolidated well just below that. The coin has retested the $1  threshold a few times but has yet to break free. 

In fact, over the last 11 days, ALGO has largely been slightly off $1, and this suggests that the period of price consolidation is now over. As such, Algorand is poised for a rally. 

If indeed we see a surge past $1, then expect ALGO to add at least 25% in value. But if bear pressure pushes it below weekly resistance of $0.8, more weakness may follow in the near term.

Why Algorand (ALGO) is a good buy

Algorand (ALGO) calls itself a self-sustaining decentralised blockchain that offers an elaborate ecosystem for a huge variety of applications. The network has continued to see major gains since launching in 2019. 

There are millions of transactions here, with more expected to come in the future. As far as the best blockchains go, Algorand is indeed among the top 10. It’s an asset worth having, especially for long-term value investing. 

The post Algorand (ALGO) could rally by nearly 25% after a period of price consolidation- Here is why appeared first on Coin Journal.

Despite experiencing a lot of volatility over the last week or so, Unus Sed Leo (LEO) has seen a massive uptrend. The breakout in fact took LEO to a new all-time high of $5.21. Although we do expect some pullback in the price, the bullish uptrend still remains strong. Here are some notable highlights:

• At the time of writing, Unus Sed Leo (LEO) was trading at $5.21, up nearly 30% in 24 hours only.

• The coin has also been surging over the past 7 days, reporting weekly gains of over 52%.

• Analysts expect this bullish uptrend to continue over the coming days.

Data Source: Tradingview 

Unus Sed Leo (LEO) – Price prediction and analysis

The recent surge in LEO has surprised many. The token is outperforming the entire market and it seems like more is yet to come. All technical indicators show a very strong bullish trend. 

For example, the token is trading way above its 100-day simple moving average of around $3.5. It has also surged nearly 600% above its 52-week lows and has surged past several key resistance zones in the past few days. 

Although we expect some pullback in the price, the general trend over the coming days will be up and up. The LEO surge comes even as other crypto-assets moves into the green with improved sentiment in the market.

Is Unus Sed Leo (LEO) a good buy?

Unus Sed Leo (LEO) is the main utility token for the iFinex ecosystem. It was launched in 2019 for Bitfinex users, and ever since LEO has seen immense growth. 

The long-term prospects of this coin are definitely positive. For the person who wants to just buy and hold it for a year or thereabout, then you are likely to cash in big in the long run.

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