Crypto News Archive - Seite 1604 von 1638 - Finanzmittel Info + Krypto + Geld + Gold

5. Januar 2022

IOTA (MIOTA) tumbles 20% from weekly highs – How is the overall outlook?

The price action for IOTA (MIOTA) over the last week has been on a seesaw of sorts. After surging over the past few days, the coin has tumbled 20% from weekly highs as downside pressure mounts on the alternative blockchain. MIOTA is also down nearly 13% from its price 7 days ago. But how is the overall long-term outlook? We will break it down but first, some highlights:

At the time of reporting, IOTA (MIOTA) was trading at $1.29, down nearly 5% in 24-hour intraday trading.
Despite the price decline, the token has also reported massive daily trade volume, seeing a surge of 78%.
MIOTA is still above its 20- and 50-day moving averages, suggesting an uptrend is feasible in the near term.

Data source: Tradingview.com

IOTA (MIOTA) – Price action and analysis

2021 was a huge year for IOTA (MIOTA). The token saw incredible growth, and there are reasons to suggest that 2022 won’t be any different. The price action however over the past few weeks suggests that we may start to see some short-term volatility.

In fact, after tumbling 20% from this week’s highs, MIOTA has largely traded sideways. It has, however, managed to break past the $1.129 resistance. We are now watching to see if it can test the overhead resistance of $1.6. But if bear pressure continues, we could see the token retracing its support towards $0.95.

Why you should buy IOTA (MIOTA)

IOTA (MIOTA) has been making some decent moves recently. The platform, which acts as an alternative to traditional blockchains, introduced smart contract capabilities that will allow developers to create DApps using the IOTA ecosystem.

This is huge, but we are checking to see just how developers will react to the news. If there is more developer adoption (which is likely), then IOTA is going to grow and as such, it is a great buy.

The post IOTA (MIOTA) tumbles 20% from weekly highs – How is the overall outlook? appeared first on Coin Journal.

5. Januar 2022

Bitcoin Cash (BCH) to maintain bearish outlook as sentiment in the broader crypto market remains uninspiring

Bitcoin Cash (BCH) looks poised to maintain its overall bearish outlook. The coin is facing significant downward pressure as sentiment in broader crypto remains uncertain at best. Although BCH has largely been trading sideways over the last few weeks, we do not see enough upside for a bullish surge in the near term. Here are some important highlights:

At the time of reporting, the coin was selling for $431, significantly down from its monthly highs of around $482.
Analysts see the $500 mark as a big psychological barrier for investors, but a possible rally towards that in the near term looks unlikely.
BCH is also trading below its key moving averages, suggesting a bearish alignment is in force at the moment.

Data Source: Tradingview.com

Bitcoin Cash (BCH) – Price action and predictions

In November, BCH managed to hit $732, its highest price in two months at the time. But this was a short-term rally as the coin tumbled thereafter. BCH is currently priced at $431. We see the next support at $413.

If bear pressure persists, the coin could easily retreat towards that price. Overhead resistance, on the other hand, is at the $489 mark. We also noted that BCH is trading below its crucial 25-, 50-, and 200-day exponential moving averages.

With sentiment in the crypto market uninspiring right now, we don’t see this bearish outlook breaking in the near term. If anything, once BCH drops past the $413 support, then further decline below $400 is inevitable.

Should you buy Bitcoin Cash (BCH)

Bitcoin Cash (BTC) was built to provide secure and fast digital payment systems. It has seen wide adoption and will continue to rank as one of the most innovative crypto projects. However, right now, it’s not the best time to buy. I’d wait till the bearish outlook abates before buying in.

The post Bitcoin Cash (BCH) to maintain bearish outlook as sentiment in the broader crypto market remains uninspiring appeared first on Coin Journal.

5. Januar 2022

Axie Infinity (AXS) and the road to $170 – Price analysis and predictions in 2022

Despite facing severe downside pressure in recent weeks, Axie Infinity (AXS) is rallying with the bullish continuation expected to hold. There are some estimates that suggest AXS will head towards $170 in the near term. Although this is a tad too optimistic, the indicators appear to back this outlook. Here are some notable highlights first:

Axie Infinity (AXS) is consolidating between $90 and $100. At the time of writing, the token was trading at $94.46.
This price consolidation could trigger a bullish rally that will see AXS surge $170, gaining nearly 40% in the process.
Despite this, there are still several downside risks that investors should factor into the $170 price calculus.

Data Source: Tradingview.com

Axie Infinity (AXS) – Price action and prediction

AXS has been one of the hottest blockchain gaming tokens in the past few months. It has had its wild ride, too as far as price action is concerned. After hitting yearly highs of $160 in 2021, we have seen an ensuing correction phase.

However, even with this significant bear pressure, AXS has still traded between $90 and $100 over the past weeks. There is price consolidation, something that could suggest that a bullish breakout is not far away.

In fact, if the coin can surge past the overhead resistance of $105, then we could be seeing a prolonged uptrend that will easily smash past $170.

Why you should buy Axie Infinity (AXS)

Overall, Axie Infinity (AXS) is one of the most promising coins in blockchain gaming. This sub-sector is heating up and is expected to drive a lot of growth and innovations in blockchain tech.

Based on these fundamentals alone, AXS is a good buy. But one key risk to note is that increased competition from other blockchain games could see daily active users on the platform decline. This is likely to put significant pressure on the price.

The post Axie Infinity (AXS) and the road to $170 – Price analysis and predictions in 2022 appeared first on Coin Journal.

5. Januar 2022

Harmony (ONE) is surging in 2022 – Where will it go next?

Harmony (ONE) is hands down the best performing token in the early stages of 2022. After breaking its December downtrend on the last day of 2021, the token has established some outstanding bullish momentum, gaining nearly 32% over the last 7 days. So, where will the token go next? First, some highlights.

After a tough December correction, Harmony (ONE) is now on an uptrend that could see it gain up to 50% in January.
At the time of writing, the token was trading at $0.3175, roughly 8% from its 2021 yearly highs.
The platform has also invested heavily in developing an NFT ecosystem that could help boost investor sentiment.

Data Source: Tradingview.com

Harmony (ONE) – Price action and prediction

It was largely expected that the crypto market would rebound in 2022 after a severe correction at the tail end of 2021. But while most coins have traded sideways at best, Harmony (ONE) is setting the pace for growth.

The token is up 32% in a week, and we were closely watching to see if it breaks past the $0.3 resistance. At the time of writing, ONE was already at $0.3175 and is consolidating around that price. RSI readings also remain moderate, suggesting that more bullish activity is yet to come.

We expect this uptrend to continue in January and push Harmony (ONE) towards its 2021 yearly highs. As of now, the next upside resistance is around $0.32. It’s likely that ONE could break past that this week.

Why you should buy Harmony (ONE)

Investors have in recent weeks been looking at alternative altcoins as the main cryptos slump. Harmony (ONE) is one of the most promising altcoins today.

The platform is also doing some good work around NFT ecosystems, something that should help maintain positive investor sentiment. With a market cap of around $3.1 billion, there is still a lot of potential for ONE.

The post Harmony (ONE) is surging in 2022 – Where will it go next? appeared first on Coin Journal.

5. Januar 2022

Former CFTC chair calls Biden administration’s approach to crypto regulation ‘reactionary’

Chris Giancarlo says having a single entity like a crypto bureau regulating cryptocurrencies is something Congress should consider.

2022 finds the crypto industry looking forward to more regulatory clarity from the US and across the globe; with some like the CEO of crypto exchange FTX recently noting that this would be a harbinger of even more institutional involvement in the sector.

The next few months could prove pivotal, going by what happened in 2021, including the formation of the President’s Working Group on Crypto and then the crypto executives‘ hearing involving lawmakers on Capitol Hill.

However, while the industry is optimistic that clarity will come out of all these steps, some industry observers think the approach to the topic as shown over the last several months has been nothing but “defensive and reactionary.”

That’s the view of Chris Giancarlo, the former Commodity Futures Trading Commission (CFTC) chair, who commented on the broader crypto regulatory climate in the US while speaking at the American Enterprise Institute.

Giancarlo took issue with the Biden administration over the release of a report on stablecoins last year.

According to him, there’s everything wrong with a regulatory outlook if the readings from a special working group report indicate that authorities are focused more on unearthing what is likely to be negative impacts of the sector, rather than looking at regulation at what positives the sector can have on innovation if “properly” regulated.

The ex-CFTC chair noted that not taking a proactive approach to the question of crypto regulation is poised to derail efforts towards financial inclusivity.

The former CFTC chief also believes proper regulation will come with the administration working on a new agency specifically targeted for the crypto industry. He advocates for a Congress bill seeking to have cryptocurrencies regulated by a body jointly overseen by the SEC and the CFTC.

It’s an idea some within the crypto space say can work- with the result being a situation where the same asset class does not get different approaches from the two government agencies.

Giancarlo argues that such a crypto bureau would have authority over cryptocurrencies as a whole, not where the CFTC and SEC take divergent regulatory stances.

The post Former CFTC chair calls Biden administration’s approach to crypto regulation ‘reactionary’ appeared first on Coin Journal.