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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VeChain (VET) looks poised to test $0.075 even as the coin falls sharply in intraday trading today

The overall outlook for VeChain (VET) over the last two weeks has been positively bullish. The coin has joined other crypto assets in posting some decent climb. However, we have seen a general pullback in recent days. Here are some highlights:

  • Despite surging the last two weeks or so, VET has slowed with a significant pullback in the price.

  • At the time of writing, VET was down by nearly 12%, trading at $0.05613 in intraday trading.

  • However, the coin could still retest overhead resistance at $0.075 even with this decline.

Data Source: Tradingview 

VeChain (VET) – How soon can it get to $0.075

There was some hope that the crypto market had put the dark days of January behind it. Most coins led by the mega-caps like Bitcoin and Ethereum were all surging in February. But the much-expected pullback appears to be taking shape, and VET is seeing the effects. 

The coin is now trading 12% lower compared to 24 hours ago at around $0.05617. But this is by no means a bearish outlook. We still expect VET to test the $0.075 overhead resistance in the coming days. 

If indeed this happens, it will bring gains of nearly 50% from the current level. VET could also go on to hit $0.096 as well. But if bulls don’t hold above $0.05, more weakness could follow.

Is VeChain (VET) a good investment?

VeChain is an enterprise-grade layer 1 smart contract blockchain that was launched in 2017. The aim of VeChain is to develop an advanced blockchain ecosystem designed to address some of the hurdles associated with the usage of data in various industries. 

Ever since its launch, its native token VET has seen some decent gains. It is a good long-term bet, and its $3 billion market cap leaves enough room for upside growth.

The post VeChain (VET) looks poised to test $0.075 even as the coin falls sharply in intraday trading today appeared first on Coin Journal.

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EOS (EOS) fails to break downtrend despite reporting significant rally over the last week or so

Since September last year, EOS (EOS) has been on a massive downtrend. The coin has sparked a bit, but the general outlook ever since has been downward. There was however some hope that the rally in recent days could trigger a sustained climb. It did not happen, and here are some highlights:

  • At press time, EOS (EOS) had fallen by nearly 8% over the last 24 hours, trading at around $2.38

  • The coin has however rallied by nearly 40% over the last two weeks.

  • Despite this surge, crucial indicators show that EOS (EOS) still remains in the bear market.

Data Source: Tradingview.com 

EOS (EOS) – when will the downtrend break?

We will need to see some sustained gains over a longer period of time for EOS (EOS) to report a decisive breakout on the up. The $3 dollar mark appears to be a crucial resistance zone. We did see EOS (EOS) climb past that late last year but failed to hold any gains. 

In fact, some analyst argues that surging above $3 will be decisive for EOS (EOS) in its effort to transition into a bull run. Besides, the RSI readings are neutral, suggesting that there is enough potential for the token to surge. 

At the time of writing, EOS (EOS) was trading at $2.62. There is still some way to go before $3, but going by recent rallies, it is possible.

Why you should buy EOS (EOS)?

There are hundreds of crypto assets that must be in your portfolio, and EOS (EOS) is one of them. The platform bills itself as the ultimate DAPP development suite. 

It simply gives developers the tools to create and deploy innovative decentralised apps. At the moment, EOS (EOS) has a market cap of around $2.3 billion. This makes it a decent option for unlocking long-term value.

The post EOS (EOS) fails to break downtrend despite reporting significant rally over the last week or so appeared first on Coin Journal.

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Crypto Inu (ABCD) tanks by over 30% barely 24 hours after launching a new DeFi deflationary token

Crypto Inu (ABCD) has announced the release of a new DeFi deflationary token. The community token is designed to combine charity support and staking for users. But the news did not immediately trigger a buying bonanza. Instead, Crypto Inu (ABCD) has fallen sharply.

  • Despite the news, the coin opened trading on Saturday around 30% lower.

  • Crypto Inu did however manage to pair up some of these losses and was trading at $0.0000001769 at press time, 21% down.

  • But analysts believe that as the Crypto Inu ecosystem expands, more gains will come in the future.

Data Source: Coinmarketcap.

Crypto Inu (ABCD) – what the future holds

Crypto Inu is a play-to-earn blockchain game that incorporates NFT rewards. It is basically a board game that is trying to bring virtual reality and 3D integration into the experience. The coin right now has a market cap of about $8.5 million. 

It is quite literally a microcap, and there is just a lot to gain from it. The fact that ABCD is also adding new features into its ecosystem is a sign that it is headed in the right direction. As we start to see, the crypto market picking up in the coming days, expect ABCD to also see some gains in the long run.

Why you should consider Crypto Inu (ABCD)

There are several reasons why investors would prefer certain crypto assets over others. However, the key factor is always that upside for growth. Crypto Inu (ABCD) looks more or less like a new coin. 

There is still so much to come from it when you consider its small market cap of around $8.5 million. Besides, NFT based games are exploding right now. Although there is a lot of competition, you’d expect Crypto Inu to earn some market share in the coming months.

The post Crypto Inu (ABCD) tanks by over 30% barely 24 hours after launching a new DeFi deflationary token appeared first on Coin Journal.

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Ethereum v Binance Coin: Why ETH could outperform BNB in 2022

Key Points: 

  • Ethereum and Binance coin are among the safest altcoins in the market.

  • Both have the fundamentals to see them rally in 2022.

  • Ethereum has an edge this year due to the completion of the shift to Eth2.0. 

Ethereum (ETH)

Ethereum is the first blockchain network that allows anyone in any country to transact with cryptocurrency without intermediaries. It also supports smart contracts, allowing developers and entrepreneurs access digital money – all while keeping it decentralized so no single entity can take down this open-source project! It is a programmable blockchain that can also be used for Bitcoin transactions. This makes it an amazing tool in the digital world because you’re able to do anything, including buying goods from different apps or websites and supporting different applications such as games and finance.

Binance coin (BNB)

The Binance Coin (BNB) is the cryptocurrency that pays fees on the Binance exchange.  The coin has many applications, including being an investment opportunity for several platforms such as stocks or ETFs in addition to other assets like loans collateralized by this crypto: The token also powers certain apps where users split bills paying through what would otherwise turn out to be expensive transactions. BNB also supports loans and transfers and entertainment through for instance purchasing tickets online.

Which one is a better buy?

Both Ethereum and Binance coin are awesome investments. They have growth potential and are among the safest altcoins in the market.

However, this year Ethereum has a lot of news going for it this year that it could pale Binance coin in gains. One of the key factors likely to drive its growth is the completion of the Ethereum 2.0 transition later in the year.

Ethereum 2.0 will make Ethereum scale better, and its gas prices will be much lower than ever before. Ethereum’s deflationary features will drive up demand for ETH as demand grows. 

All these and the rising bullish momentum in the broader market could see Ethereum rocket to prices rocket to new highs this year.

The post Ethereum v Binance Coin: Why ETH could outperform BNB in 2022 appeared first on Coin Journal.

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Alchemy Pay (ACH) surges by over 70% after listing on AscendEX and other exchanges

Alchemy Pay (ACH) has surged by over 70% after the token was listed on AscendEX and other exchanges. There was also a cross-chain launch as well on the Binance smart chain that helped push the price further. Here are some highlights:

  • After listing on AscendEX, ACH rose to $0.0625, representing gains of over 70% over a period of less than a week.

  • The coin has lost some of that momentum but is still bouncing after the listing news.

  • At press time, it was down by around 6%, trading at $0.05186.

Data Source: Tradingview 

Alchemy (ACH) – What does the future hold?

The crypto market has grown massively ever since Bitcoin was launched. However, even though the focus has largely been on decentralised blockchains, there are still some projects that are looking to integrate peer-to-peer payments solutions into the decentralised ecosystem. 

Alchemy Pay (ACH) is one of them. The project is planning to bring mainstream consumer payments into the blockchain ecosystem and so far, it is making some decent progress. 

After the 70% surge, we expect ACH to pull back a bit as it did today, falling by 6%. But the general longer-term outlook remains very bullish. In fact, some analysts see the token surging above $1 in the first quarter of 2022.

Why Alchemy pay (ACH) is a decent investment?

Peer-to-peer payment systems on the blockchain are not as mainstream as they are in traditional centralised finance. But there is huge potential. Many experts argue that as DeFi grows more into the blockchain ecosystem, consumer payments will drive much of that growth. 

Alchemy Pay (ACH) has been trying to do this with a reasonable degree of success. With a market cap of around $220 million, you can expect the coin to expand further as peer-to-peer payments become more pronounced on the blockchain.

The post Alchemy Pay (ACH) surges by over 70% after listing on AscendEX and other exchanges appeared first on Coin Journal.