Kategorie: Crypto News

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Real Estate DeFi Platform CitaDAO To list its token on MEXC – Should you buy?

CitaDAO (KNIGHT), a leading DeFi ecosystem for the real estate industry, has announced plans to list its native token KNIGHT on the MEXC exchange. The listing is expected to increase exposure for the coin in the long run. But should you actually buy it? The analysis is below but first, some notable highlights:

  • The KNIGHT listing on MEXC will start on March 16th this year.

  • MEXC is one of the biggest exchanges, with over 6 million users.

  • KNIGHT is expected to see a decent bump once the listing is done.

Data Source: Tradingview

CitaDAO (KNIGHT) – Tokenomics and fundamentals

The application of blockchain technology into real estate is something that has a lot of potentials. We have seen several projects launch in this niche area, but CitaDAO (KNIGHT) is really stepping up. 

In fact, the project recently launched an app on Genesis called Real Estate On-Chain. The app allows users to stake stablecoins within the real estate protocol which can then be used to invest in real assets. But the listing on MEXC is going to be huge.

As always, when coins are listed in major exchanges, they typically surge. We do not expect CitaDAO (KNIGHT) to be any different. After all, MEXC is a platform that has nearly 6 million users. At press time, CitaDAO (KNIGHT) was trading at $0.04857, virtually unchanged in the last 24 hours. The coin is based on the Ethereum network as well.

Why could CitaDAO (KNIGHT) be a good investment?

Real estate projects within the blockchain ecosystem are starting to heat up. But many experts have argued that DAOs offer the best way to integrate real estate into the decentralized ecosystem. 

CitaDAO (KNIGHT) is likely to keep growing as it gets more exposure through listings. As such, it is a good asset to get right now, especially when you consider it has so much room to grow.

The post Real Estate DeFi Platform CitaDAO To list its token on MEXC – Should you buy? appeared first on Coin Journal.

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Top 3 crypto projects that could rally in the second quarter of 2022

The crypto market has not had the most successful start to the year. In fact, Q1 in 2022 has been a brutal time for most assets. But there is a chance that the second quarter of the year may bring a change in fortunes. Here are some highlights:

  • Investors will price in the macroeconomic and geopolitical pressures in the weeks ahead.

  • Despite high volatility, the general trend for 2022 is predicted to be positive.

  • Some projects still remain highly undervalued because of the recent slump.

For investors who are looking to profit from a Q2 rally in the crypto market, the following are some top 3 assets to buy:

Internet Computer (ICP)

After showing some signs of life in February, Internet Computer (ICP) is back on its downtrend. In fact, the coin has been losing money since the tail end of 2021. 

Data Source: Tradingview 

Although we do not expect a bullish reversal in the long-term trend to come soon, the second quarter of the year could prove very decisive. ICP is now trading at $16.18. It’s down 7% for the week. This is a perfect opportunity to grab it.

Kadena (KDA)

Kadena (KDA) is a promising blockchain project, and even though it’s been around for a while, it still offers an array of incredible future potential. KDA right now has a market cap of $1.1 billion and is trading at $6.5. The token has moved sideways, for the most part, this month but still remains very low compared to the highs of 2021. It could rebound sharply in Q2 2022.

Oasis Network (ROSE)

After falling for around 10% last week, it doesn’t seem like Oasis Network (ROSE) has anywhere to hide. The token is however highly undervalued and underrated. Investors are likely to start giving it the attention that it needs and as such, we may see a sharp rise in the coming weeks.

The post Top 3 crypto projects that could rally in the second quarter of 2022 appeared first on Coin Journal.

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Immutable X (IMX) gains over 50% in recent weeks even as most crypto-assets continue to slump

As most coins in the crypto market continue to slump, Immutable X (IMX) has been posting incredible gains over the last week or so. Recent chain news has driven much of this surge but can IMX keep this going? Here are some highlights:

  • Immutable X (IMX) announced it had raised $200 million to fund the expansion of its ecosystem.

  • Despite the rally, Immutable X (IMX) still remains significantly lower compared to its ATH

  • At press time, the coin was trading at around $1.8.

Data Source: Tradingview

Immutable X (IMX) – Price prediction

The recent 50% surge for Immutable X (IMX) came as a welcome surprise for investors. The market over the last few days has been very volatile and it’s been harder every day to find some good news across the board. But despite this, we expect IMX to pull back slightly. 

In fact, at the time of writing, the coin had lost around 5% over the last 24 hours, trading at $1.85. The most important thing to watch right now is the $1.95 mark. If indeed, IMX can find enough bullish uptrend to test or even cross that threshold, then we could see more gains coming in the near term. 

But there still remains a significant risk of a sell-off. When coins rally like this, they will plateau at some point. For IMX, it seems that the point is $1.8. A break below that could lead to more losses.

Is Immutable X (IMX) worth it?

There is no doubt that Immutable X (IMX) has fallen sharply since it reached all-time highs a few months back. The coin has also been on a bearish trend for the most part of this year. 

While this can be a problem for the short term, from a long-term point of view, Immutable X (IMX) still remains a decent buy with significant potential.

The post Immutable X (IMX) gains over 50% in recent weeks even as most crypto-assets continue to slump appeared first on Coin Journal.

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Astroswap (ASTRO) gains nearly 7% after announcing a new partnership with World Mobile

Astroswap (ASTRO) is reporting gains of around 7% today after the DEX confirmed a brand new partnership with World Mobile, an African-based telecom network that hopes to connect billions of people to the financial sector through blockchain. Here is what we know so far:

  • The move is expected to bring more users to the Astrswap ecosystem.

  • The partnership will begin rolling out in East Africa before going global.

  • At press time, Astroswap (ASTRO) was trading at $0.007762.

Data Source: Coinmarketcap

Astroswap (ASTRO) – What the partnership means?

The future of Astroswap (ASTRO) has always been bright. The platform is striving to become the most versatile and dominant decentralized exchange on Cardano. The goal is to increase the number of tradable assets on its platform but more so, Astroswap (ASTRO) is hoping to expand its reach and bring in more users. 

The partnership with World Mobile is a game-changer for two reasons. First, it will target the African and Middle East regions where access to financial services and crypto investing remains low. The bump in price that we saw shortly after the news was announced is a clear indication that investors are seeing this as hugely positive.

Astroswap (ASTRO) has also been investing in cross-chain support and just recently, it announced integrations with the Velas blockchain. All these factors will be crucial in pushing Astroswap (ASTRO) even further. At the time of writing this post, Astroswap (ASTRO) was trading at $0.007762.

Should you consider Astroswap (ASTRO)?

Astroswap (ASTRO is a fairly small project right now but it has been making all the right moves. It’s a microcap DEX with a market cap of around $3 million. 

Although most DEXs do not often hit billions of dollars in valuations, there is enough upside for ASTRO to grow 20x or even 50x. The fact that it already offers cross-chain support between Velas and Cardano shows how serious the project is.

The post Astroswap (ASTRO) gains nearly 7% after announcing a new partnership with World Mobile appeared first on Coin Journal.

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Harmony (ONE) nears a crucial demand zone – is a bull run finally here?

The macroeconomic picture and increased geopolitical pressure have seen Harmony (ONE) drop quite significantly since January. Although there have been periods where the token has threatened to rise, it has always come crashing back down. But is this about to change? Here are some highlights first:

  • Harmony (ONE) has established a strong demand zone between $0.106 and $0.121.

  • At press time, the coin was slightly trading above that at $0.125.

  • If ONE enters that zone, we could see some increased buying from bulls.

Data Source: Tradingview 

Harmony (ONE) – Is a bull run feasible?

As noted above, for most parts of 2022, Harmony (ONE) has largely been on a downtrend. It is highly unlikely that this bearish trend will reverse in the near term. As it is, sentiment in the crypto market remains largely fearful as investors weigh in increased macroeconomic and geopolitical pressures. 

But short-term bull runs are still possible for Harmony (ONE). The coin is currently headed to an important demand zone of between $0.106 and $0.121. This is likely going to trigger a bullish run that could push ONE towards $0.164 in the near term. 

This will represent a 30% gain from the current price, which at press time was $0.125. But sustained gains above $0.164 will be highly unlikely. ONE is likely to pull back once it tests that price and try to find more demand once again.

Why is Harmony (ONE) undervalued?

The key for any investor is to find a crypto asset that is undervalued, and Harmony (ONE) is one of them. The coin has fallen sharply from all-time highs and has been reporting losses for most parts of 2022. 

But the project still has a lot of potentials, and the underlying fundamentals are very good. In fact, the general outlook for Harmony in 2022 is still very positive despite recent turmoil. It is a great asset to grab right now.

The post Harmony (ONE) nears a crucial demand zone – is a bull run finally here? appeared first on Coin Journal.