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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Solana v Waves – Which one to buy the dip?

A mobile phone with Solana on it

Solana has much better news now and makes for a better buy.

  • Solana seems to have recovered from the negativity that followed its 2021 network outages. 

  • Waves has been hit by rumors of it being a Ponzi scheme when the market is yet to emerge from the bear trend fully. 

  • Solana has better prospects than Waves in the short term. 

Solana (SOL/USD) is a smart platform blockchain that has grown in popularity for its high speed and low transaction speeds. Before the cryptocurrency correction of the last two days, Solana had started outpacing most of the other top 10 cryptocurrencies in gains. This is an indicator that investors are getting more confident in Solana’s future growth after a series of network outages towards the end of 2021. Given the heavy investments that are going into Solana NFTs, Solana’s growth prospects look good. 

Waves (WAVES/USD), on its part, is also a smart contracts platform that has grown in popularity for its use cases in DeFi. A few weeks back, Waves outperformed most cryptocurrencies by a huge margin. Following the sanctions, this followed speculation that it was a Russian project and that Russians would use it to transact and protect against wealth erosion. However, Waves has dropped harder than average in the last few days as fast as it gained. This follows rumors that it could be a Ponzi scheme. 

Which one to buy the dip

While Solana and Waves are high-potential cryptocurrencies and will recover from this dip, Solana has better prospects. One of the reasons why Solana has better odds is that it has a much bigger ecosystem of projects building on top of it. Solana also has a lot more hype, especially among institutional investors, which could play well in its favor as bulls return to the market.

Waves is a much smaller chain and aren’t as well-known as Solana. Besides, after the recent rumors of it being a Ponzi, Waves could take longer to gain traction since the market is highly volatile.

Summary 

Both Solana and Waves are high-potential smart contract blockchains. However, following a negative rumor about Waves, Solana could be a better buy in the short term. This makes SOL a better buy in the current cryptocurrency market dip.

The post Solana v Waves – Which one to buy the dip? appeared first on Coin Journal.

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Filecoin v MINA – Which is a better web 3.0 bet short term?

MINA is newer and cheaper and could draw more investors short term

  • Mina is a web 3 cryptocurrency that is focused on data privacy and security.

  • Filecoin is a web 3 cryptocurrency that is decentralizing the cloud storage market.

  • While both are good investments, MINA stands to outperform FIL in the short term.

Mina MINA/USD is one of the fastest-growing Web 3 cryptocurrencies in the market today. Mina has shot up in popularity due to its introduction of privacy features in Web 3 applications. This is a big deal considering that online privacy and security are some of the reasons why Web 3.0 is gaining traction today.

Besides its privacy capabilities, Mina is gaining traction for its technical capabilities. Mina is one of the lightest blockchains in the market today. While other blockchains take up to 300 GB2 of space, Mina only takes 22Kb, and the memory uptake is fixed. This means Mina services can easily be accessed through a smartphone. 

Filecoin FIL/USD is also a Web 3.0 cryptocurrency that aims to decentralize the cloud storage market. Rather than sending data out for storage to centralized companies, Filecoin incentivizes anyone with some extra space on their PC to rent it out for storage in exchange for FIL tokens. So far, FIL has experienced increased adoption, and the value of FIL tokens incentives users to rent out space. 

Which one is a better buy?

While both FIL and Mina are high potential Web 3.0 cryptocurrencies, Mina wins the game in the short term. It is newer and has a much more exciting value proposition – protecting data security and privacy. Mina is also nominally cheaper than Filecoin, which could draw in more investors looking for parabolic gains in the short term.

Summary 

Mina is much cheaper and has a more exciting use case than Filecoin. This gives it a significant edge over Filecoin in the short to medium term. However, in the long run, both have the potential to perform well.

The post Filecoin v MINA – Which is a better web 3.0 bet short term? appeared first on Coin Journal.

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Bitcoin in the week ahead: How $52,000 could actually happen

Bitcoin (BTC) has had a very eventful two weeks. At the tail end of March, the coin surged only to fall short of its 200-day SMA of around $48,000. It has fallen sharply ever since, but there could be some upside to grow further in the week ahead. Here are some important developments:

  • BTC has consolidated above two important support zones of $42,000 and $40,000.

  • The price action has achieved a bullish crossover between the 50- and 100-day SMA.

  • These technical indicators suggest that the coin is about to surge with minimal downside risk.

Data Source: Tradingview 

Bitcoin (BTC) – The road towards $52,000

Bitcoin showed a bit of weakness at the start of April. After it tested its 200-day SMA of around $48,000, the coin failed to cross and as such, it fell sharply after. In fact, BTC dropped over the last 3 days in a row.

But despite this, there is still a lot of hope for optimism. First, BTC remains above two strong support zones of $42,000 and $40,000. This means that downside risk remains very small. Also, BTC has managed to achieve a cross-over between its 50- and 100-day SMA. This suggests a bullish alignment, and BTC could break out in the days ahead.

The breakout will eventually push the price action towards a crucial demand zone above $46,000. When this happens, it will likely trigger massive buying that ultimately smashes the 200-day SMA, pushing BTC towards $52,000.

Is it time to buy Bitcoin (BTC)?

Yes, this is the time to buy. BTC is sitting above very strong support, so it’s hard to see it dropping any further. 

When you consider that the potential upside is quite high, it makes sense to accumulate BTC. We are expecting gains of at least 25% in the near term. Besides, the long-term outlook also looks very positive.

The post Bitcoin in the week ahead: How $52,000 could actually happen appeared first on Coin Journal.

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Top 3 crypto assets to buy for a 1-year investment strategy

Long-term investments in crypto can help you unlock a lot of value. With increased volatility in the market, it can be hard finding coins that give you the promise of superb long-term growth. But there are a few coins that you can check out. Here is why long term investing in crypto makes a lot of sense:

  • Long term strategies help you avoid the hectic daily volatility in crypto

  • Many crypto projects will need a year or so for the real value to come

  • Holding assets for a year can give you better control of your crypto portfolio.

Well, in case you are searching for coins to invest in as part of a long term investment strategy in crypto, here are some options:

FTX Token (FTT)

The FTX Token (FTT) is the native token of the FTX exchange, one of the largest platforms for trading crypto derivatives and other assets. The FTX exchange has seen a sharp increase in trade volume over the years. 

Data Source: Tradingview

It is also opening up new offices in new regions, including the middle east and others. As long as the widespread acceptance of crypto keeps growing, FTX will see increased trade volume and a lot of value. This makes the coin a good option for a long-term play.

Aave (AAVE)

It is also nice to have some investments in DeFi since this is one area in crypto that will explode in the near term. Aave (AAVE) is a leading DeFi protocol and offers incredible underlying fundamentals. It is one of the projects that is going to fully unlock DeFi, so you cannot afford to miss out.

Gala Games (GALA)

Gala Games (GALA) is hoping to become the go to chain for GameFi. Blockchain gaming is going to also become a huge part of the crypto project. As an investor, getting your money in this space is huge, and GALA gives you the chance to do it.

The post Top 3 crypto assets to buy for a 1-year investment strategy appeared first on Coin Journal.

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Crypto gems: These 3 undervalued altcoins could be worth a fortune in the future

Finding the right investment in crypto is not always easy. With so much hyperbole, scams, and projects that are nothing more than PR, getting that real asset that will grow your money can take a lot of time. But it doesn’t have to be this way. There are some incredibly undervalued altcoins that can actually grow your money fast. Here is why:

  • Most of these undervalued altcoins haven’t received a lot of media focus

  • The coins represent projects trying to solve a real issue in crypto

  • They are all backed by star studded teams and investment backers.

Without further ado, the following are the three undervalued altcoins that could be worth fortunes in the future.

GoldFinch (GFI)

GoldFinch (GFI) is a lending protocol that allows users to access crypto backed loans without collateral. It is one of the few DeFi lending protocols that allow for uncollateralized loans. 

Data source: Tradingview

The project also links credit underwriters in emerging markets with capital providers to create a truly decentralised way of providing financial services. The unique nature of this project makes it a huge catch and should be worth your interest as an investor.

IOTA (MIOTA)

IOTA (MIOTA) is an interesting blockchain project that does not use proof of work or proof of stake. Instead, it uses a proprietary tangle technology that is way cheaper and energy efficient than proof of work and proof of stake. As demand for low cost chains continues to grow in the future, projects like IOTA are likely to see major gains in the end.

Oasis Network (ROSE)

The Oasis Network (ROSE) is hoping to bring a collection of DeFi tools into one single ecosystem. It is seen as the ultimate project for future DeFi. While other similar chains are trying to provide some competition, so far Oasis leads the way in several unique ways.

The post Crypto gems: These 3 undervalued altcoins could be worth a fortune in the future appeared first on Coin Journal.