Crypto News Archive - Seite 1751 von 1836 - Finanzmittel Info + Krypto + Geld + Gold

8. Februar 2022

Terra (LUNA) could swing to $90 despite reporting consistent downtrends over the last few weeks

Terra (LUNA) is looking poised for a decent upswing after spending much of 2022 on the downtrend. The coin has been showing some signs of consolidation as sentiment in the market improves. But how far can it climb in the near term? The analysis is below but first, some highlights:

At press time, Terra (LUNA) was trading at $55 down by around 3.5% for the last 24 hours.
We have also noted that any bullish breakout in recent days has stagnated between $62.76 and $70.
If LUNA can be able to overcome bear pressure within that supply zone, then it can swing towards $90.

Data Source: Tradingview

Terra (LUNA) – Is $90 possible?

The downtrend that we have seen on LUNA has been much more pronounced compared to other coins in the market. In fact, between February 3 and 7th, we saw the token plunged by over 30%. This was not a surprise if anything, it was a continuation of the downtrend seen this year.

But there is some consolidation. However, every time LUNA has surged, it has faced massive pressure within the supply zone of between $62 and $72. If indeed the coin is able to overcome bears inside this zone, then it will likely push further towards $90.

We are watching to see if the token will fall below its support of $52. If that happens, then expect it to slide even further towards $47.

Is Terra (LUNA) a good long-term investment?

Terra (LUNA) is the main network for stablecoins. It has always been a huge part of the crypto market, ranking among the top ten by market cap.

Even with the recent dip, there is no doubt that LUNA is a decent asset for the long term. It has the potential to deliver consistent value to investors in the near- and long-term future.

The post Terra (LUNA) could swing to $90 despite reporting consistent downtrends over the last few weeks appeared first on Coin Journal.

8. Februar 2022

Fantom (FTM) rally is slowing but the coin remains well on course towards $3 in the near term

Fantom (FTM) has remained one of the best-performing crypto assets in the last few weeks. There was of course some major news on the chain but the general trend was up. However, we are starting to see the rally slow a bit. Here are some highlights:

After showing decent upward momentum in the last few days, FTM has been rejected firmly on the $2.40 resistance.
At press time, the coin was trading at $2.2 down about 6% for the last 24 hours.
We expect Fantom (FTM) to retest the $2.4 threshold again in the coming days.

Data Source: Tradingview

Fantom (FTM) – Can it surge to $3?

Well, it is entirely possible for FTM to hit the $3 mark in the coming days. However, the coin will need to surge above the stiff overhead resistance of $2.4. Bulls did manage to push the price action above that threshold but could not sustain gains for long.

As a result, FTM has tanked by about 6% in the last 24 hours, bringing the coin to $2.2 at press time. We expect the token to retest $2.40 in the coming days.

If indeed bulls are able to push above that and keep the gains there, then Fantom will surge past $3. But if there is weakness, we may see the token plunge towards its next demand zone below $2.

Why you should buy FTM now?

Fantom (FTM) is an innovative blockchain project that hopes to offer better speeds and efficiency. It is one of the most underrated chains, and yet it continues to post gains after gains.

Right now, its native token FTM has a market cap of around $5.3 billion. This is a coin that still has so much room to run and in fact, it is one of the most promising crypto assets to buy.

The post Fantom (FTM) rally is slowing but the coin remains well on course towards $3 in the near term appeared first on Coin Journal.

8. Februar 2022

Avalanche (AVAX) remains on course towards $100 – But expect some significant pullback before then

As the broader crypto market recovers from the January correction, it seems like Avalanche (AVAX) has put on the afterburners. The coin has been rallying quite impressively and remains well on course towards $100 in the near term. However, we expect some significant pullback before that happens. Here are some highlights:

Despite its recent rally, AVAX has faced massive resistance at its 100- and 50-day Simple Moving Averages.
This shows that the bullish momentum is slowing and AVAX will pull back towards $79 before rallying again.
At the time of writing, the coin was trading at $83.33, virtually unchanged over the last 24 hours or so.

Data Source: Tradingview

Avalanche (AVAX) – The bumpy ride to $100

The general outlook for Avalanche (AVAX) in the coming days is positive. The coin has been rallying in recent days. However, AVAX has failed to surge past its 50- and 100-day SMAs. In fact, every time it has tested these two important thresholds, it has fallen back down.

This suggests that the bullish momentum is losing steam as traders start to lock in profit. As a result, we expect AVAX to pull back slightly.

At press time, the coin was trading at $83.33. A pullback of around 10 -12% over the coming days is feasible. AVAX will then try to find sufficient demand around $79, after which it will rally towards $100 eventually.

Is Avalanche (AVAX) the best coin to buy?

Well, Avalanche (AVAX) is not the best coin to buy but it is among the best. The chain has been developing its ecosystem with a series of incentives, and with a market cap of slightly above $20 billion, it is one of the main crypto assets today. So, if you want a proven coin with a track record of delivering returns for investors, then AVAX has to be top of your list.

The post Avalanche (AVAX) remains on course towards $100 – But expect some significant pullback before then appeared first on Coin Journal.

8. Februar 2022

DigiByte (DGB) Price Prediction – What does the future hold for this microcap

DigiByte (DGB), like many assets in the market, has seen some strength in the last few days. However, as a small microcap coin, there is still a lot of potential for further growth. But what exactly does the future hold for DGB? Analysis to follow next but here are some highlights first:

DigiByte (DGB) has surged quite impressively over the last 5 days or so in line with broader sentiment in the market.
However, at press time, the coin had lost around 5%, trading at $0.02486
DigiByte (DGB) is expected to rebound and post gains this year with conservative estimates putting it at $0.08.

Data Source: Tradingview.com

The future DigiByte (DGB) – Analysis

Despite rallying over the last few days, DigiByte (DGB) has not yet recovered from the slump in January. It has still lost 30% of its value this year and continues to trade way low compared to its ATH.

The coin has however recovered from its 2022 lows of around $0.015 and is consolidating the price action above the $0.02 mark. In the short term, we expect some volatility on DigiByte (DGB) but the general upward trend will continue.

From a long-term perspective, analysts expect this coin to grow by nearly 4 times this year, hitting $0.08 in the process. This is of course a conservative estimate. DigiByte (DGB) could still surge further, especially if sentiment in the market remains positive.

Why you should buy DigiByte (DGB)

As a microcap, DigiByte (DGB) has a lot of growth potential. In fact, at the time of writing, the coin had a market cap of around $320 million.

Also, the chain offers several cutting-edge technologies that make it more competitive with other blockchain networks. Its DigiAsset platform in particular is a massive project. So, when you look at these fundamentals, there is no doubt DigiByte (DGB) is a decent coin to hold for the long term.

The post DigiByte (DGB) Price Prediction – What does the future hold for this microcap appeared first on Coin Journal.

8. Februar 2022

Treasury official calls for “urgent” stablecoin legislation from US Congress

Stablecoin regulation is one of the key issues in the President’s Working Group on crypto.

US Treasury Undersecretary for Domestic Finance has said there is a need for Congress to move with speed in enacting legislation related to the fast-growing stablecoin market.

Nellie Liang noted this during an interview with Bloomberg on Tuesday, noting that the lawmakers need to ensure there are regulatory guardrails in place to provide for innovation as well as offer protection to consumers.

According to Liang, the matter is an urgent one given how rapidly the cryptocurrency stablecoin market has grown over the past two years.

She told Bloomberg that lack of clarity on the subject hurts innovation and creates regulatory risks. She added that at the moment, US regulators cannot adequately address all the risks likely to come with stablecoin adoption.

The Treasury official believes Congress has the power to lend a helping hand to the likes of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Congress can help close the “regulatory gaps,” noting some of these are already hinted to in the Presidential Working Group (PWG) report on cryptocurrency and stablecoin.

Liang also noted during the interview that the PWG report forms part of a wider effort from the US government towards crypto regulation. She also believes Biden’s administration is set to provide further details on how authorities plan to handle the issue of promoting innovation and financial inclusion.

However, she says stablecoins’ “potential” for use in payments comes with a “whole set of issues,” including its use in illegal financial transactions.

The stablecoin market is currently a multi-billion industry, growing fifteenfold since 2020 amid increased adoption across retail and institutional levels.

Last week, Meta Platforms ended its Diem stablecoin project citing regulatory challenges. The Facebook parent sold Diem’s intellectual property and assets to Silvergate Capital, which plans to invest further into the innovation.

The post Treasury official calls for “urgent” stablecoin legislation from US Congress appeared first on Coin Journal.