Kategorie: Crypto News

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Uniswap surges 11% on liquidity announcement: here’s where to buy Uniswap

Uniswap Exchange announced it would start filling liquidity for test listing and begin test trading, causing its native token UNI to surge. If you are attracted to unique features and want to learn how and where to buy Uniswap, this guide is for you.

Top places to buy Uniswap now

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What is Uniswap?

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity thanks to DeFi’s growing popularity and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.

Should I buy Uniswap today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Uniswap price prediction

Wallet Investor advises against investing in Uniswap. They predict its price will drop from its current level of around $9.81 to as little as $1.30 in just one year, equivalent to a loss  of -87%.

If you invest $100 in Uniswap now, you might be left with $13 in a year. Of course, this is just one price prediction. Some analysts are bullish on Uniswap.  

Uniswap on social media

The post Uniswap surges 11% on liquidity announcement: here’s where to buy Uniswap appeared first on Coin Journal.

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Upcoming summit could push AVAX through $100 soon

  • AVAX is in recovery as the crypto market bounces back. 

  • Avalanche has a major summit coming up in March that could help drive the price past $100.

  • Avalanche is currently trading at a major resistance level.

Avalanche (AVAX) has been one of the best performing cryptocurrencies in the past week. While the broader market is in a sharp bullish reversal after a selloff earlier in the week, Avalanche is among those showing the most promise.

Avalanche has emerged as one of the platform blockchains best positioned to give Ethereum a run for its money. That’s because it has some of the lowest transaction fees in the platform blockchain space and is highly scalable. Avalanche has the capability to handle up to 4500 transactions per second.

Avalanche has also proven to be quite resilient, and so far has not experienced any network hacks that could destabilize it. Such performance capabilities and a good reputation make AVAX a potentially good cryptocurrency to buy in 2022.

The upcoming summit in Spain could uplift AVAX

While the broader crypto market is doing well at the moment, Avalanche has internal factors that could see it outperform the market in the coming month. One of these factors is the upcoming summit that will be held in Spain between March 22nd and March 27th, 2022.

The summit aims to bring together some of the most influential people in crypto and will discuss some of the hottest crypto topics today, including Web 3.0. Some of the key speakers that will make a speech at the summit include Emin Gun Sirer, the founder of Ava Labs, Harold Bosse, the Vice President of Innovation at MasterCard, Sergey Nazarov of Chainlink, and Monica Tather an El Salvador government official among many others. 

The anticipation of the announcements that could come out of this summit could help propel Avalanche (AVAX), especially if the broader market remains bullish in March.

Should you buy Avalanche?

Source: TradingView

Avalanche has been on an uptrend for the last 48-hours. However, it seems to have hit strong resistance at $80.17 on the 61.8% Fibonacci.

If Avalanche breaks the $80.17 resistance, then prices above $100 could be tested ahead of the summit in Spain.

However, if it fails, especially due to downside pressure from the broader market, then prices below $70 could be retested in the short term. 

The post Upcoming summit could push AVAX through $100 soon appeared first on Coin Journal.

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LUNA is outpacing Bitcoin in Gains: Is it a good time to buy?

  • LUNA outperforms the market as it closes the week higher by over 40%.

  •  LUNA gains were driven by the formation of a UST reserve worth $1 billion in BTC.

  •  LUNA needs to break through key weekly resistance if the uptrend is to continue.

Terra (LUNA) is a blockchain that is used for the launch of algorithmic stable coins. It has come to dominate in this space and is now among the top DeFi platforms in terms of Total Value Locked.

Like the rest of the market, LUNA has been pretty volatile over the last couple of days but has regained upside momentum in the last 48-hours. In fact, it was one of the biggest gainers of the past week, closing higher by over 40%.

$1 Billion Bitcoin reserves boost LUNA

In the past week, the markets were hit with the news that Luna Foundation Guard (LFG) was creating a Bitcoin-denominated reserve. This will act as an extra layer of stability and security for Terra USD (UST).

LFG also announced that it had raised $1 billion that will go towards building the Bitcoin reserves. The best part about it is that the coins will be locked for 4-years. This news has led to an increase in investor confidence in UST, which in turn translates to higher demand for LUNA.

Analysts are already responding positively to the move to create a Bitcoin reserve. According to Matthew Dibb of Stack Funds, the move will lower the price fluctuations of the UST.

Should you buy Terra (LUNA)?

Source: TradingView

On February 26th, 2022, Terra (LUNA) was trading at $74.34 and was up by 13% in 24-hours.

LUNA has been on a strong uptrend since February 24th, 2022. It is currently trading just below the $77.17 weekly support level.

If buying volumes increase and LUNA pushes through the $77.17 resistance, then it could test prices above $90 before the end of February.

On the flip side, if LUNA turns bearish and breaches the $70.11, 23.6% Fibonacci support, then it could end the month below $65.

The post LUNA is outpacing Bitcoin in Gains: Is it a good time to buy? appeared first on Coin Journal.

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How could Shibarium Laer-2 solution unlock SHIB Value?

  • Shiba Inu is one of the best performing cryptos, up by 48,000,000% since its launch in 2020.
  • Shiba Inu looking to sustain growth with the launch of a layer-2 scaling solution.
  • SHIB is currently trading at a key resistance level and could sway any direction before the end of February.

Shiba Inu (SHIB) is one of the world’s most famous meme coins and one of the largest cryptocurrencies by market capitalization. Shiba Inu shot to prominence in 2021 and was able to effectively capitalize on the meme coin rally that Dogecoin had triggered in 2020.

Shiba Inu went on to become one of the best performing cryptos ever, recording gains of more than 48,000,000% in under a year. Essentially, if you had put just $10 in SHIB back in 2020, you would be a millionaire today.

Shiba Inu is working on a number of developments that could help increase its intrinsic value going into the future. One of the most anticipated is the launch of a Metaverse, which would give Shiba Inu entry into what a trillion-dollar market could potentially. 

Shibarium a potential growth driver for Shiba Inu

For the last two years, Shiba Inu has mainly been riding on the excitement around meme coins. However, it is currently in the process of moving away from this and adding actual utility to the token.

One of the moves that the Shiba Inu team has made is to come up with a layer-2 solution for Shiba Inu called Shibarium. This will help cut transaction costs and increase speeds. The result is that SHIB will become more useable as a currency, and will drive adoption.

This is a big deal considering that Shiba Inu is already recording significant growth in adoption, even by major corporations like AMC. With a layer-2 solution in the works, SHIB could be a great investment in 2022.

Should you buy Shiba Inu?

Source: TradingView

Shiba Inu has been on an uptrend for the last 48-hours. However, upside momentum seems to be slowing down around $0.00002534 on the 38.2% Fibonacci resistance.

If Shiba Inu breaks the 38.2% Fibonacci, then it could end the month on a high note and possibly test prices above $0.00002700 before the end of the month.

However, if broader market momentum drops, Shiba Inu could retest the 23.6% Fibonacci support at $0.00002357 before the end of February.

The post How could Shibarium Laer-2 solution unlock SHIB Value? appeared first on Coin Journal.

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Stablecoin shopping: 3 coins to consider for long-term holding

As the crypto market continues to report increased volatility, stablecoins could provide a good way to maintain your crypto wealth. These coins have become quite popular too and are expected to grow further. Here is why:

  • Stablecoins are designed to guard against volatility in the market.

  • It is likely that these coins will become more integrated into global payment systems.

  • There is a growing list of suitable coins to buy in this category.

Well, if you are not sure which stablecoins will be perfect for your investment portfolio, here is the full list.

Terra (LUNA)

So, Terra (LUNA) is not a stablecoin per se. But it is the biggest stablecoin platform in the world. For folks who want some exposure to stablecoins, it will be wiser to buy LUNA.

Data Source: Tradingview 

This is a growth asset, and while it has faced major challenges in recent weeks, the long-term potential is still huge. At the time of writing this post, the coin was trading at $75.

Tether (USDT)

Tether (USDT) is the biggest stablecoin in the market and will remain so for years to come. It is also one of the largest crypto assets with a market cap of around $80 billion. In most cases, stablecoins will normally trade close or nearly the same as the US dollar. If you are worried a lot about volatility, then this will be one coin worth having.

Binance Coin (BNB)

Binance Coin (BNB) is the main coin for the Binance exchange. It is one of the more stable coins out there and also one of the biggest in the crypto industry. As of now, the coin is trading at around $373 and has a market cap of $62 billion. BNB offers real growth value, and for investors who want something they can actually hold for long, this would be it.

The post Stablecoin shopping: 3 coins to consider for long-term holding appeared first on Coin Journal.