Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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OKB (OKB) sees massive gains after Manchester City announced a partnership agreement with OKEX

OKB (OKB), the native token of the OKEX exchange, has seen a decent surge in price after the platform announced a sponsorship deal with English football champions Manchester City. The deal, which is said to be worth millions of dollars, is expected to last several years. Here is what we know:

  • OKEX promotional materials will appear on men and women Man City teams.

  • OKB surged shortly after the news but has lost some of those gains.

  • The coin was trading at around $17.59 at press time.

Data Source: Tradingview.com

OKB (OKB) – What does the Manchester City deal mean

Over the last few months, global crypto exchanges have been stepping up their partnership with sports entities. Crypto.com made headlines with a slew of partnerships with major US franchises, and Coinbase was the first exchange to air an ad during the Superbowl. 

OKEX is also following the same moves in a bid to bring in more users to the platform. This can only be good news for the OKB token. However, despite the small surge in response to this news, we still expect OKB to remain very volatile. 

In fact, even after surging shortly after the news, OKB fell sharply once more and was trading at $17.59. But the deal with Manchester City is a big deal. It will bring a lot of visibility and brand recognition for OKX.

Should you buy OKB?

Well, exchange tokens are often not the most popular investment option for crypto investors. But in case you are looking for a token that offers real utility, then OKB is a great option. 

Besides, OKEX is now one of the biggest exchanges in the world. As the platform continues to get strong visibility with deals like the Man City one, OKB will grow further. Therefore, it is something truly worth buying, especially right now that it has dipped significantly.

The post OKB (OKB) sees massive gains after Manchester City announced a partnership agreement with OKEX appeared first on Coin Journal.

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Polkadot (DOT) could swing up by 25% in the coming days – Here is why

It’s been a rollercoaster of emotions in the crypto market over the last few days. With increasing volatility, it’s become virtually impossible to call this market. As you would expect, Polkadot (DOT) has been swinging up and down too but there is some upside now for decent growth. Here is what we know.

  • DOT is approaching a crucial demand zone that could trigger a decent bullish run.

  • The coin was trading at $16.88 at the time of writing this post.

  • DOT could swing up by 25% if indeed it hits that zone.

Data Source: Tradingview 

Polkadot (DOT) – Price analysis and prediction

After experiencing periods of high volatility, Polkadot (DOT) appears to be approaching a very crucial demand zone of between $11 and $15. This has been a crucial zone for bulls, and at the moment, DOT is slightly above that, trading at around $16.88. 

If indeed the coin falls between that threshold, we are likely to see a decent surge that could push the price action above $20. This will represent gains of nearly 25% from the current price. 

But this thesis will be invalidated if DOT manages to stay above the $15 mark. While this is possible, we do not think it is likely. The market is seeing a lot of price movements, and in fact, DOT appears to be on a downtrend right now.

Is Polkadot (DOT) a good buy?

Polkadot (DOT) is one of the most promising Ethereum scaling solutions in the market. It is such a popular asset as well. If you want long-term crypto that will deliver value for years to come, DOT is a decent buy. But if you want to really get in on a discount, give it a few days until it gets within the $11 and $15 range.

Want to learn how to safely invest in Polkadot? Check out our comprehensive Polkadot buying guide here or purchase from our recommended platform below!

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The post Polkadot (DOT) could swing up by 25% in the coming days – Here is why appeared first on Coin Journal.

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Yearn Finance is rapidly reversing losses: best places to buy YFI now

After an extended series of losses that threatened to expel Yearn Finance’s native token YFI from the top 100 biggest coins by market cap, it has finally started to regain value.

If you want to know what Yearn Finance is, if it’s worth buying, and the best places to buy its token YFI now, you’ve come to the right place.

Top places to buy YFI now

eToro

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CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

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What is YFI?

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

After its launch in February 2020, it saw huge growth as new products debuted and developers released in-house token YFI.

Yearn.finance makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.

Should I buy YFI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

YFI price prediction

Long Forecast anticipates a bull run until 2024, when the coin will trade between $25,867 and $22,299.

Coin Price Forecast predicts YFI will trade for $28,666 at the end of this year, around $8,000 more than it’s worth now.

In the first half of next year, the Yearn Finance price will reach $29,416, then drop down to just below $26,000 in the second half.

YFI on social media

The post Yearn Finance is rapidly reversing losses: best places to buy YFI now appeared first on Coin Journal.

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EOS falls below crucial support zone – Here is why we will see more weakness

EOS (EOS) has been on a downtrend for the most part of this year. The coin managed to see a few rallies, but the general trend has been on the south. The coin has recently fallen below a crucial support zone. Here is what we know so far:

  • EOS has fallen below $2.09, a crucial support zone over the last few days.

  • The coin was trading at $1.95 at press time, down around 4%.

  • We expect EOS to retreat towards $1.85 before its next leg up.

Data Source: Tradingview 

EOS (EOS) – Will the downward trend reverse

There were some signs last month that EOS had started to turn a corner. The coin in fact rallied quite significantly, at some point testing the $3 mark. But things have not been smooth sailing ever since. As the crypto market comes under severe pressure, we have seen EOS drop even further. 

However, most analysts were looking to see if the token would hold the $2.09 support zone. While bulls tried to defend this threshold fiercely, the weakness was just too much. As a result, EOS is now trading at $1.95, and we expect weakness to continue in the coming days. 

The token is likely to fall and start consolidating at around $1.85 before it finds its next leg up. But if bulls are not able to defend $1.85 sufficiently, we may see further drops in the near term.

Why you should buy EOS?

EOS (EOS) is a highly scalable blockchain that is used to launch and deploy decentralized applications. With a market cap of around $1.9 billion, it is indeed a promising long-term project that could offer immense value for any investor. 

Even though EOS has seen some weakness in recent days, the long-term outlook, especially over a year or so, still remains very good.

Want to learn how to safely invest in EOS? Check out our comprehensive EOS buying guide here or purchase from our recommended platform below!

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The post EOS falls below crucial support zone – Here is why we will see more weakness appeared first on Coin Journal.

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Waves (WAVES) retreats after skyrocketing over the last week – Here is what you need to know

As most coins struggled this week to put up any decent upward momentum, WAVES was quite literally making waves. The coin, in fact, saw staggering gains of about 100% after the new Binance announcement. But so far, WAVES has somewhat retreated. Here is what we know thus far:

  • Binance announced that it would start accepting WAVES as collateral on its loans.

  • The coin surged nearly 100% to hit highs of around $20.5.

  • WAVES has since retreated slightly and is now trading at around $18.

Data Source: Tradingview 

WAVES Price action and analysis

The Binance news was quite frankly a big one, and it showed in the pricing. Even as the broader crypto market slowed in performance, WAVES reported staggering gains. However, we have seen the price retreat from $20.5 to $18. We expect this to continue before WAVES stabilizes around the $15 mark.

But there are some risks to keep in mind. The rally this week has put WAVES on a risky death cross. This is when the long-term moving average of a crypto coin goes above the short-term average. The death cross creates a high risk of a significant pullback in the price. 

In fact, the last time WAVES entered a death cross was in 2018, and the coin crashed by nearly 85%. Now, we are not saying this will happen. But a more significant pullback on the coin will come, no doubt.

Is WAVES good for long-term investing?

The answer is yes. WAVES is associated with the Waves Protocol, a decentralized open-source platform designed for the creation and deployment of scalable apps. 

The project has raised a lot of money from investors and is making very serious moves on the metaverse. All these things will go a long way in delivering value for the long-term holders of this asset.

Want to learn how to safely invest in WAVES? Check out our comprehensive WAVES buying guide here or purchase from our recommended platform below!

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