Kategorie: Crypto News

Finding the right investment in crypto is not always easy. With so much hyperbole, scams, and projects that are nothing more than PR, getting that real asset that will grow your money can take a lot of time. But it doesn’t have to be this way. There are some incredibly undervalued altcoins that can actually grow your money fast. Here is why:

• Most of these undervalued altcoins haven’t received a lot of media focus

• The coins represent projects trying to solve a real issue in crypto

• They are all backed by star studded teams and investment backers.

Without further ado, the following are the three undervalued altcoins that could be worth fortunes in the future.

GoldFinch (GFI)

GoldFinch (GFI) is a lending protocol that allows users to access crypto backed loans without collateral. It is one of the few DeFi lending protocols that allow for uncollateralized loans. 

Data source: Tradingview

The project also links credit underwriters in emerging markets with capital providers to create a truly decentralised way of providing financial services. The unique nature of this project makes it a huge catch and should be worth your interest as an investor.

IOTA (MIOTA)

IOTA (MIOTA) is an interesting blockchain project that does not use proof of work or proof of stake. Instead, it uses a proprietary tangle technology that is way cheaper and energy efficient than proof of work and proof of stake. As demand for low cost chains continues to grow in the future, projects like IOTA are likely to see major gains in the end.

Oasis Network (ROSE)

The Oasis Network (ROSE) is hoping to bring a collection of DeFi tools into one single ecosystem. It is seen as the ultimate project for future DeFi. While other similar chains are trying to provide some competition, so far Oasis leads the way in several unique ways.

The post Crypto gems: These 3 undervalued altcoins could be worth a fortune in the future appeared first on Coin Journal.

Solana has often been described as the ‘Ethereum killer’. The project is looking to address some of the key challenges associated with Ethereum and appears to be doing a very good job of this. Here is why Solana has often been touted as the next big thing:

• The project offers incredible on chain transaction speeds better than many projects

• Solana is backed by the top brass of the crypto investment community

• It also offers low fees, scalability, and a lot of developer incentives.

But Solana is not the only Ethereum killer, in fact the three projects below could be much better and more valuable:

Cosmos (ATOM)

Cosmos (ATOM) has often been referred to as the mother of all blockchains. The aim is to create a powerful ecosystem of interconnected blockchains. Cosmos wants to create a connected system of decentralised chains as it ushers in a new age of the internet. 

Data Source: Tradingview 

Interestingly, the project is hoping to do this while keeping speeds high, costs low, and scalability incredibly good as well. This makes Cosmos one of the most promising Solana and even Ethereum alternatives out there.

ThunderCore (TT)

ThunderCore (TT) is a relatively unknown and new project that is modelled behind the Solana concept. The aim of ThunderCore is to offer greater speeds and scalability while keeping the transaction fees low.

In fact, ThunderCore is faster and more secure than Solana and other similar projects. When you consider that it has a market cap of less than $100 million, it should be a very interesting project to check out in the future.

NEM (XEM)

NEM (XEM) is a bit older than Solana, but it shares similar attributes. XEM offers top of the line security, and better speeds. And the good thing is that it’s already proven in the market. This is a project that has been here for several years.

The post Looking for the best Solana alternatives: Top 3 coins to consider right now appeared first on Coin Journal.

The crypto market has pulled back after the end of March rally. Tron (TRX) has been hit hard, and it seems like the coin is starting to get bearish barely days after posting one of the best uptrends this year. The coin could plummet even further before consolidation. Here are some of the key facts:

• The 3-day chart since Monday shows TRX has formed a large bearish trend

• Momentum indicators like RSI also show that the coin is bearish.

• Tron will likely drop to $0.5 before it finds its bearings again.

Data Source: Tradingview 

Tron (TRX) – The bearish short-term trend

There were a lot of positive outlooks on Tron last month. The coin had managed to post a 30% counter-trend rally which would later give way to a sustained bull run that saw TRX hit 2022 highs. 

Based on this, it was expected that overall, the coin would continue to post gains and even test $ 0.2 in the near term. But the bullish trend appears to have sharply reversed. TRX has lost a lot of value this week, and its 3-day candle now points to a bearish outlook.

TRX also remains very far away from the next overhead resistance. This suggests that bears are now in control and will look to take the price to $0.05 before any other bull run. This will represent sustained losses over the last week of nearly 30%. However, a close above $0.82 will invalidate this prediction.

Should you stay away from Tron?

For now, TRX remains highly risky so it may be best to stay away for a while. Since the coin is already on a downtrend, buyers can wait to see how soon it will bottom at $0.05. 

Once it hits this price, it is likely that TRON will consolidate. This will be the perfect time to buy, provided overall conditions in the market are positive.

The post Tron (TRX) continues to plummet and could bottom at $0.05 in the days ahead appeared first on Coin Journal.