Kategorie: Crypto News

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Top 3 crypto projects that could revolutionize virtual reality and the metaverse

The metaverse is seen as the next frontier of human interaction. However, the metaverse works in tandem with virtual reality. As such, most projects are trying to combine both of these aspects. Here is why metaverse and virtual reality are blowing up:

  • There is huge interest from institutional investors, including large tech companies

  • The time of metaverse and virtual interaction has finally come

  • We already have supporting technologies that will make this a reality

Well, if you are trying to find creative crypto projects that will unleash the metaverse and virtual reality, we have some below:

Solana (SOL)

Solana (SOL) is more of a blockchain infrastructure than a specific metaverse or virtual reality project. But infrastructure is crucial in the growth of virtual reality, and there is no better option out there than Solana. 

Data Source: Tradingview 

In fact, in recent months the chain has been attracting a huge number of gaming and virtual reality projects. Solana is famed for its high scalability, speed, and low gas fees. It is therefore a more attractive option for developers in the virtual reality niche.

CEEK VR (CEEK)

CEEK VR (CEEK) wants to bring music and live performance to the metaverse. The project has in fact invested heavily in its own propriety VR glasses to give users the ultimate experience. 

So far, the CEEK universe is built with concert halls and other virtual performance venues. The project is also backed by some of the biggest music superstars in the world including Lady Gaga and others.

JEDSTAR (KRED)

JEDSTAR (KRED) is designed to combine decentralized finance and GameFi. The project is currently building a virtual reality universe and comes fully integrated with an NFT marketplace as well. 

JEDSTAR will also give gamers, developers, and artists the tools they need to create content for the metaverse. The project is relatively new, so it should be a good start.

The post Top 3 crypto projects that could revolutionize virtual reality and the metaverse appeared first on Coin Journal.

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Ethereum could bounce back to $3800 even as it struggles to hold above $3000

Ethereum (ETH) has started to consolidate after trading mostly sideways for the whole of the week. The coin however has a lot of potentials, and we may see a decisive break in the coming days. Here are some of the facts:

  • ETH is struggling to maintain the price action above $3000.

  • Ethereum however sits above a strong support zone.

  • The coin will break out and could target $3800 in the near term.

Data Source: Tradingview 

Ethereum’s road to $3800

Despite increased selling pressure at the beginning of trading this week, ETH has managed to stay above the crucial $3000 mark. The coin is however consolidating, and after a period of sideways trading, it could break out in the near term. 

The key for bulls would be to smash past the $3125 resistance zone. When this happens, ETH is likely to maintain an upward trajectory that pushes it to $3800. But if the $3000 mark is lost, the coin will likely drop further towards $2700 before it tries to rise again. 

Momentum indicators are neutral for now but RSI is pushing more towards a bullish scenario. We expect RSI to become bullish in the days ahead as well. Despite this prediction, it is important to note that upward momentum for ETH is capped at $4000. Even though the coin could still test the $4000 price in the weeks ahead, we still expect a firm rejection.

How to trade ETH in this setup?

As noted above, the key to the watch would be $3000 and $3800. If ETH is able to keep the price above $3000 at the close of trading today, you can buy and wait for the bullish breakout. 

But if $3000 is breached, investors should wait until ETH bottoms at $2700 or thereabout before they buy. As for $3800, this is the cap on our prediction. We expect ETH to fall once again after testing $3800, so be sure to exit your position by then.

The post Ethereum could bounce back to $3800 even as it struggles to hold above $3000 appeared first on Coin Journal.

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Tron (TRX) is targeting more gains after a superb bullish week

Tron (TRX) has edged higher this week, even as other major coins struggle to report serious gains. The coin is however not done yet, and we could see more gains in the days ahead. Keep reading for more analysis but first, here are the main takeaways:

  • Tron has outperformed the market and is up around 15% for the week

  • The coin will target to clear $0.085 in the near term

  • The momentum oscillator also shows TRX is bullish

Data Source: Tradingview 

Tron (TRX) – Price prediction

The crypto market in general has had a very sluggish week. But Tron has been doing quite well compared to other coins. The token is now up around 15% for the week, and more upside is still expected. In fact, if the current momentum holds, TRX will likely test the $0.085 mark in the days ahead. This will represent gains of around 35% from the current price. 

However, this bullish case will only be feasible if TRX closes the day above $0.7. At the moment, the coin has fallen slightly below this mark. But looking at the higher lows and higher highs set over the last 24 hours, it is very likely that TRX will in fact close well above $0.7.

Besides, the current momentum is pushing TRX very close to its 200-day EMA. If bulls breach this level, then we could see a sustained period of growth for Tron.

Why is Tron a worthy investment?

Tron is rated among the top 10 blockchain infrastructure projects in the world. if you are looking to invest in crypto long-term, this would be a decent coin to buy. 

Even in the short term, TRX still offers incredible opportunities. In fact, the coin has fallen sharply from its all-time highs. This dip could provide a nice opportunity for investors to cash in on Tron’s recovery over the coming months.

The post Tron (TRX) is targeting more gains after a superb bullish week appeared first on Coin Journal.

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Ukraine’s central bank bans crypto purchases using local currency

  • The National Bank of Ukraine said the move is intended to prevent an unproductive outflow of capital.
  • Crypto purchases can only be completed using foreign currency, with monthly restrictions of 100,000 Ukrainian hryvnia per individual.

Ukraine’s central bank has banned the use of the local currency hryvnia in the purchase of cryptocurrency, according to a news release on Thursday.

Per the announcement, the National Bank of Ukraine made the move as part of efforts meant to restrict the unproductive outflow of capital during this time of war.

The ban means no cross-border transactions involving citizens, a measure taken in line with martial law that has been in place since Russia’s invasion in February.

Only foreign currency

According to the central bank, those seeking to buy cryptocurrencies will only be allowed to do so using foreign currency. All crypto purchases have now been limited to UAH 100,000 (Ukrainian hryvnia) per month (roughly $3,400 as per current rates).

The National Bank has also allowed a similar amount (UAH 100,000 per month) in cross-border P2P transfers as part of supporting IDPs from Ukraine. However, the transactions must be made from bank accounts the individuals opened with the Ukrainian national currency.

As well as crypto, the bank has designated topping up of electronic wallets, forex or brokerage accounts and payment of traveller’s checks as ‘quasi cash transactions.”

The measures are also meant to bolster the foreign exchange market, the central bank said. It’s also targeted at “reducing pressure on Ukraine’s international reserves.”

The post Ukraine’s central bank bans crypto purchases using local currency appeared first on Coin Journal.

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Emmanuel Macron: Web3 and the metaverse have a huge potential in culture and leisure

France’s cultural institutions need to develop an NFT policy and support Web3 innovation, the French president said in an interview.

French President Emmanuel Macron, who is seeking to win this year’s election in a second round against far-right leader Marine Le Pen, believes that Web3 and the metaverse offer a huge opportunity for the promotion of culture and creative content.

Web3 presents a ‘requirement and opportunity’

In an interview with a local media house, Macron highlighted the potential benefits of the digital revolution, including the place of the metaverse in developing cultural policies.

“The metaverse has a huge potential in culture and leisure thanks to its applications in music, concerts, art exhibitions, etc. We cannot consider our cultural policy without this revolution,” he noted.

France, he added, has a unique opportunity to have its way of life – language, heritage, monuments, and cities – exist in the metaverse. Putting these in the metaverse will create a “digital historiography” of France’s collective history, he said.

According to him, it’s important that France’s main cultural institutions formulate an NFT policy that will help promote and protect players within the space.

Overall, Macron says Web3 “represents a requirement, as well as an opportunity not to be missed.” It’s an opportunity that France and Europe should seize if they want to become leaders in the future of the web.

On MiCA regulation

The French president’s remarks come a few weeks after the European Parliament voted on the restrictive Markets in Crypto-assets (MiCA) regulation. EU lawmakers adopted the regulation, introduced in 2020 and which seeks to cover crypto assets not captured under existing financial regulations, in March.

Commenting on the move, Macron noted that while France supports innovation, regulations are crucial as they bring about “uniformity of rules.” This, he noted, would offer Europe the foundation needed to “create a unified market.”

“I am in favor of making rapid progress on the MiCA regulation, based on the balanced approach promoted by the Council and inspired by the French framework,” he said. 

The French leader also reiterated his belief that the regulation would not hurt innovation.

“France will pay close attention that the text does not prevent innovation and remains as neutral as possible in terms of technology,” he told the French media outlet.

According to him, the success of Ledger and Sorare (two of France’s leading financial technology startups) is a clear signal of that intention.

In other remarks, Macron said he would want to see Europe take the lead in the digital era revolution. He would wish to see Europe not depend on US and China in this.

The post Emmanuel Macron: Web3 and the metaverse have a huge potential in culture and leisure appeared first on Coin Journal.