Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Is Tron (TRX) about to rally ahead of other cryptocurrencies?

With up to $5 billion in acquisitions underway, Tron could experience FOMO in 2022.

Key points:

  • Tron has a history of high-profile acquisitions that have in the past given it a boost in value.

  • Tron founder, Justin Sun, has announced that they are readying $5 billion for another series of acquisitions.

  • Going by past performance after such acquisitions, Tron could be the most undervalued top 100 cryptocurrencies to watch in 2022.

It’s a tough time for cryptocurrencies, as external and market-related factors pressure the market. This is also a perfect opportunity to search for undervalued cryptocurrency gems that could do well once the markets rebound.

When looking for hidden gems, one of the critical factors to consider is news that could help drive up the value of a cryptocurrency. On this front, Tron looks like a cryptocurrency that could lead the recovery in the coming weeks. This follows an announcement by the founder that the Tron project was about to go on an acquisition spree. If history is anything to go by, this is an excellent reason to invest in Tron (TRX).

A look at the history

After the cryptocurrency crash of 2018, Tron (TRX) was among the first to recover. This followed the move by Tron to acquire BitTorrent, one of the largest peer-to-peer data sharing networks globally.

Is a repeat about to happen?

So, is Tron about to do a repeat of what happened after BitTorrent. In his most recent comments on Tron, Justin Sun, the cryptocurrency founder, said they were ready to spend $5 billion on acquisitions. He added that the focus would be on platforms that have wide adoption. He said that they would target those in Centralized Finance and Decentralized Finance.

Sun further added that the worst could be over for the market and that what will follow is a clean-up process as the market picks itself back up.

Sun’s comments are a big deal and could have several positive implications for Tron (TRX).

Firstly, once the acquisitions start, Tron could experience FOMO. That’s because, at a time like this, when there is little going on in the market, such news will trigger investor expectations of Tron doing well. The potential for FOMO makes Tron a top cryptocurrency worth keeping an eye on in the coming days.

Besides FOMO, such acquisitions would add significantly to Tron’s intrinsic value. For context, the purchase of BitTorrent added significantly to Tron’s inherent value, which is reflected in its value in the 2020/21 rally.

With $5 billion, there are a lot of projects much more significant than BitTorrent that Tron can buy. This means going into the next bull run, Tron’s intrinsic value will be much higher than it is now. This factor could see Tron do multiple times its current price in the next cryptocurrency bull run.

The post Is Tron (TRX) about to rally ahead of other cryptocurrencies? appeared first on CoinJournal.

Veröffentlicht am

Top cryptos most compliant to new EU crypto regulations

Ethereum and Cardano fit the bill in terms of environmental consciousness 

Key points:

  • The EU has come up with crypto regulations, and one of the critical areas of focus is the environmental metrics of cryptocurrencies. 

  • Cardano and Ethereum are among the cryptocurrencies that perfectly align with these regulations.

  • Aside from compliance with regulations, these two cryptocurrencies are growing in real-world adoption. 

Recently, the European Union developed a raft of regulations to bring sanity to the crypto market. The regulations also give an idea of how cryptocurrency regulations could go globally. They also offer an idea of the best cryptocurrencies to buy going into the future. 

One of the critical aspects of the regulations is that cryptocurrencies will be required to declare their carbon footprint. This is an indicator that going forward; the EU will be more pro-environmentally friendly cryptos.

From an investor perspective, this is also a pointer to the type of cryptocurrencies that are likely to find more favor with investors going forward. Below are the top-ranking cryptocurrencies to keep an eye on after the EU regulations.

Cardano

One of the key reasons why Cardano (ADA) became a thing in the first place is to deal with the environmental costs of Proof-of-Work cryptocurrencies like Bitcoin and Ethereum. As such, it is perfectly in line with the new EU regulations. That said, Cardano is a lot more than just environmentally-friendly crypto.

Cardano also happens to be one of the most technologically advanced cryptocurrencies. Its Ouroboros Proof-of-Stake algorithm is one of the best because it strikes a perfect balance between security, decentralization, and scalability.

On top of that, Cardano has gained significantly in adoption. For instance, in places like Ethiopia and Rwanda, the Cardano blockchain is already being used to streamline government systems. Since it is in the developing world that such systems are needed the most, Cardano is on the right track to adoption and value growth.

That’s why it stands out as the top crypto to watch now, even as the crypto bear market persists.

Ethereum

For years, Ethereum (ETH) has been bad for the environment since it uses a Proof-of-Work algorithm. However, since 2020, it has been transitioning to Proof-of-Stake, in what’s popularly known as Ethereum 2.0.

Ethereum has made significant strides on this front, and a testnet merge of Ethereum and Ethereum 2.0 is complete. It is widely expected that in a month or so, Ethereum will be running as Ethereum 2.0 and use only a tiny percentage of the energy it was using when running as Proof-of-Work.

Besides being in line with the new EU guidelines, there are many other reasons why Ethereum looks attractive as an investment. One of them is security. In the altcoins market, Ethereum is easily the most secure and decentralized. After the events of the last few months, where some cryptos have collapsed, Ethereum’s security is likely to see it attract more investors in the EU and outside.

The post Top cryptos most compliant to new EU crypto regulations appeared first on CoinJournal.

Veröffentlicht am

Should you buy Avalanche token as the price turns bullish at key support?

  • Avalanche’s AVAX crashed as the Luna contagion risks hit the cryptocurrency.

  • Buyer interest in AVAX is high at the $16 level.

  • Investors should consider buying at low prices.

Avalanche AVAX/USD is one of the cryptocurrencies that crashed alongside LUNA. The cryptocurrency fell by double digits at the same time LUNA and UST crashed. Investor fears grew since Avalanche was one of the cryptos held as reserves by the Luna Guard Foundation. Following the crash, AVAXtouched a low of $16 on June 13 from a high of above $100 in early April.

Avalanche’s token AVAX should be on the bucket list of investors. The cryptocurrency has been robust since June 13, holding a key zone at $16. Whether this indicates a price bottom is yet to tell as the crypto sector remains bearish. Nonetheless, the month-long consolidation suggests buyer interest. As such, we believe AVAX is attractively priced for a good buy. 

Avalanche looks set to break past $21 for a bull rally

Source – TradingView

From the technical outlook, AVAX is consolidating. However, it is slightly bullish, with 24-hour gains of more than 6%. The MACD indicators are bullish too. At the current price of $18, we expect AVAX to continue rising. The $21 resistance will hold back the price, with the cryptocurrency testing the level twice in 30 days. If AVAX overcomes the $21 resistance, it could end its bearish market and begin a bullish rally. Investors should consider buying now to lock value before the market takes off.

Concluding thoughts

The crypto sector remains bearish. At the low valuation of AVAX, we think it is a good buy for long-term investors. Buyer interest is high at the $16 support and could offer a bullish catalyst. AVAX could begin a lasting bullish reversal if it clears the $21 level.

The post Should you buy Avalanche token as the price turns bullish at key support? appeared first on CoinJournal.

Veröffentlicht am

Buy Fantom as memes pump volumes and prices into the market

  • Fantom foundation promises speed, security, and scalability ecosystem for dApps.

  • The token has been bullish over the last two weeks, and volumes spiked by 65% in 24 hours.

  • We think Fantom is a buy.

Fantom FTM/USD token is trading at $0.23687. In the last week, the token gained by more than 14.77% after gaining by 8.59% in the previous week. The thing that attracts the attention of enthusiasts is a 65.62% increase in traded volumes over the last 24 hours. This analysis asks why.

There is a real use case for Fantom as the token takes on BTC. The smart contracts platform promises speed, security, and scalability. The ecosystem targets the hard-to-convince central banks with CBDCs. Data-intensive organizations are also targeted. Though an uphill task, there is real hope that Fantom may eventually crack the market.

The recent increase in traded volumes is believed to emanate from meme investors buying the dip. The token is considered to have hit the bottom. From there, the expectation is rallying to the moon. One fact that is clear about this token is the high likelihood of being driven by memes. Those against South Korean-backed tokens will be battling it out against the rest. The price and volumes will be volatile.

Fantom has a strong bullish outlook

Source – TradingView

FTM has continued to reduce the divergence of the MACD from the signal. Though the MACD is still below the oscillator, it has been bullish. The RSI at 33 shows the token near the oversold zone. Added to the fact that the token seems to trade at the bottom, a bullish outlook is reinforced.

Summary

Fantom is set for a bullish trend as comments about the token drive the valuation. The volumes spiked by 65% over the last 24 hours. The valuation can be expected to follow suit for this smart contract ecosystem.

The post Buy Fantom as memes pump volumes and prices into the market appeared first on CoinJournal.

Veröffentlicht am

Moto Genesis NFT Collection launched: Wilder World (WILD) token price surges

Metaverse crypto coins are continuously building their ecosystems; something that has made them remain popular even as the general crypto market continues to trade sideways. Wilder World (WILD) cryptocurrency is one of such metaverse tokens.

The Wider World (WILD) token has surged by over 30% today following the release of the Wilder Moto Genesis NFT collection on July 12.

At the time of writing, the WILD token was trading at $0.2716 and had hit a daily high of $0.2751.

Wilder Moto Genesis NFT Collection

The Wilder Moto Genesis NFT Collection that was released by Wilder World on July 12 featured 6,396 Moto NFTs. The Motos are envisaged to get new homes in the Wiami garages in the hands of top collectors and wheel racers.

The NFT collection is part of the broader Wilder Genesis Rewards Program that was launched to reward genesis Wheel NFT holders. They are similar to the tokens that ApeCoin airdropped to the holders of BAYC NFTs.

Wilder World is simply awarding the purchasers of the Wheels NFT collection.

Getting a Moto NFT

Those with the Genesis Wheels NFTs can get the Moto NFTs by going to the Wilder World website, connecting their wallets, and finding out whether they qualify to claim a Moto NFT. The claiming period lasts up to July 19th.

Those without the Wheels NFTs and still willing to purchase the Moto NFTs can head to OpenSea and purchase Wilder Moto at a floor price of 0.7 ETH.

It is important to note that the Wilder Moto NFTs are currently mystery boxes and will only be revealed after July 19th. Currently, the NFTs appear as black and white see-through designs.

What is Wilder World?

Wilder World is a leading metaverse and NFT project that was launched in May 2021. It is building its Metaverse using the Epic Games’ latest Unreal Engine 5 which ensures high-quality graphics and an engaging experience.

Wilder World aims at creating an RPG-themed ecosystem in the metaverse that allows users to own virtual real estates, customize characters, and drive vehicles among many other things.

While Wilder World is all about NFTs, it has a native utility token by the name WILD, which is an ERC20 Ethereum-based token. WILD is the primary asset for purchasing NFTs within the Wilder World ecosystem and it can also be traded on several crypto exchange platforms.

The post Moto Genesis NFT Collection launched: Wilder World (WILD) token price surges appeared first on CoinJournal.