Crypto News Archive - Seite 1767 von 1836 - Finanzmittel Info + Krypto + Geld + Gold

31. Januar 2022

What asset is worth buying, Bitcoin or Ethereum?

Choosing between two assets can be a little confusing and even becomes riskier if one lacks a decent understanding of how the individual asset operates. However, in terms of buying and selling digital assets, the market is often examined with two parameters known as fundamental and technical analysis.

In most cases, fundamental analysis is related to economic updates while technical analysis is based on the understanding of market price action.

And In terms of selecting which crypto assets to buy. In this article, you’ll discover what digital currency is worth investing your money in.

Bitcoin (BTC)

Recent research done on the 26th of January 2022 by 33 fintech specialists of the Finders panel, forecast the price of BTC to reach $94K before the end of the year. Additionally, the panel also has a long-term outlook for Bitcoin as they foresee the price of the asset reaching $192,800 in 2025 and $406,400 by the end of 2030.

While this may present an optimistic viewpoint to the Bitcoin market, on the other several market participants believe that the upcoming interest rate hike will affect the cryptocurrency market negatively. Conversely, other investors perceived this moment as the best time to buy the Bitcoin asset.

Ethereum (ETH)

From the NFT marketplace to the recent value of Ethereum in the cryptocurrency market. It should be noted that the ETH token has been losing ground to its counterparts in the NFT space.

Due to high transaction fees on the Ethereum network, other younger blockchains such as Solana (SOL), and Tezos are attracting NFT developers with less transaction fees when compared to the Ethereum gas fees.

With relation to congestion and high gas fee noted from the Ethereum blockchain. A lot of NFT enthusiasts are backing out from using the token for transaction purposes in the NFT marketplace.

The post What asset is worth buying, Bitcoin or Ethereum? appeared first on Coin Journal.

30. Januar 2022

Kyber Network (KNC) outperforms most cryptocurrencies with a 57 percent gain in January

Kyber Network (KNC) outperformed the market with a 50 percent+ monthly gain after the introduction of Kyber 3.0 and interoperability throughout several decentralized exchanges.
Volatility appears to rule supreme in the cryptocurrency market, and worry, anxiety, and skepticism are at an all-time high.
It is difficult for any project to emerge above the cacophony and achieve positive price increases, although a few projects are demonstrating fortitude during the present slump.

KNC is a decentralized exchange (DEX) that operates in a multichannel context and aggregation technology that connects decentralized finance (DeFi) apps and their customers to liquidity sources that offer the highest rates.

The price of KNC has risen 57 percent from reaching a low of $1.18 on Jan. 6 to a continuous peak of $1.87 on Jan. 27 notwithstanding this weakening in the crypto market.

Another factor contributing to KNC’s bullish momentum is the continuing inclusion of new decentralized trading systems into the Kyber Network ecosystem.

Source – TradingView

As a result of the latest developments, the KyberSwap protocol currently supports over 40 DEXs and 31,000 liquidity pools throughout six main blockchain systems. The only other initiatives with comparable availability are ZRX, which has 105 exchange entries, and Uniswap, which has 76.

KNC is widely available on exchanges

KNC is the second-most-present DEX token in terms of exchange availability, and it is now accessible on 80 different exchanges.

There is a positive outlook for KNC on Jan. 22, before the latest price spike. It is based on a score that comprises an algorithmic assessment of past and present market circumstances based on various data sources such as market mood, trading volume, latest price changes, and Twitter traffic.

The Score for KNC surged into the green and reached a peak of 79 on Jan. 22, roughly 35 hours before the price gained 44 percent over the following three days, as seen in the chart above.

The post Kyber Network (KNC) outperforms most cryptocurrencies with a 57 percent gain in January appeared first on Coin Journal.

30. Januar 2022

ICP is expected to go next after falling below current lows

Internet Computer’s token ICP is trading at $20.7.
The $28.5 level has been a lengthy support zone, and the price has now fallen through it.
Price wants liquidity, and ICP may find it in the $28 range in the coming weeks.

It looked to break the market framework in early January, but the severe selling pressure subsequently has caused ICP to reach a new record of lows at $19.1, close below the $20.9 lows established in late December.

Two pairs of Fibonacci retracement lines were developed for various ICP movements in the last several months. They exhibited solid convergence around $39.7 and identified the $26.9-$29.7 range as one where sellers might move in with power once again.

Source – TradingView

The market structure, however, stayed gloomy. While there was a significant rise from $20.7 to $38, it was quickly followed by a massive drop. The price fell below the December lows, which was not good for the bulls.

A rise to $28 is possible, but whether it is rejected there or can advance higher to enter a demanding sector remains visible.

Another intriguing fact was that both Fibonacci groups of levels provided a 27.2 percent extension level at $10.7, which might be the price ICP trades in the future months. It is uncommon for cryptocurrencies to lose over 99 percent of their value when the initial frenzy wears off.

RSI Oversold

The RSI was rising from the oversold area. Still, it remained below neutral 50, which indicated that the bearish trend had not yet been broken, with the moderate 50 regions reviewed before a probable rejection.

The Cumulative Delta Volume revealed some demand underlying ICP’s rise from $20 to $36, revealing severe selling pressure in recent weeks. ICP will most likely place a premium on the $28 range in the following weeks.

The post ICP is expected to go next after falling below current lows appeared first on Coin Journal.

30. Januar 2022

Terra (LUNA) might drop 45% if the bearish head-and-shoulder holds

Terra (LUNA) might drop to over $25 per token in the next few weeks.
Harsh monetary policies began to harm bullish assets when they were slack.

The price of LUNA is in danger of falling lower, but experts predict a comeback when the cryptocurrency challenges a stable multi-month trend line for security. According to an analytical assessment given by experts, Terra (LUNA) might fall to around $25 per token in the following weeks as a head-and-shoulders (H&S) arrangement develops, signaling a 50% price decline.

When the price produces three peaks in succession, the middle peak (referred to as the „head“) is higher than the other two (left and right shoulders). The „neckline“ is a standard price floor that connects all three peaks.

When the market falls below the H&S neckline, traders usually try to begin a short position. Before launching a short position, some traders use a „two-day“ rule, in which they wait for the second breakout verification when the price retests the neckline from the downward as resistance.

Source – TradingView

Conversely, traders should aim for a short objective with the same length as the highest range between the head and the neckline. As illustrated in the chart, the price of LUNA is now moving toward the same H&S short target, which is now approaching $25.

Strong macroeconomic triggers put pressure on LUNA’s trading

LUNA’s downtrends have often come to an end when it challenges its 50-week simple moving average as support throughout its brief existence as a financial asset. At the time of publication, the price floor was about $30.

However, LUNA has probed its 200-day average range (200-day EMA) for a possible comeback on the daily timeframe chart. If that happens, LUNA’s next upside objective, as seen in the chart above, seems to be approaching $75.

A definitive move below the 200-day EMA wave, on the other hand, might kick off the H&S setup toward $25.

The post Terra (LUNA) might drop 45% if the bearish head-and-shoulder holds appeared first on Coin Journal.

30. Januar 2022

Decentraland (MANA) could rise after finding support at $1.75

On Saturday, Decentraland (Mana) expands the consolidated movements.
Expect the rally to continue beyond the $2.50 to $3.0 demand zone.
A breach below $2.03 would invalidate the bull’s hypothesis.

The price of Decentraland has remained stable at current levels, making a hammer candlestick on January 22. Although there is less purchasing activity in cryptocurrencies, they are still building a bullish setup. MANA/USD is now trading at $2.31, up 1.23 percent on the day. The current market capitalization of MANA is $4,304,417,127 USD, with a current circulation of 1,824,500,835 MANA coins and without maximum supply.

Decentraland (MANA) prepares for a U-turn

The price has been on a downward trend on the daily charts since testing the 50-day moving average on December 27. The price had already dropped from all-time highs of $5.91 on November 25, a total value drop of 48 percent. Investors challenged the $3.06 level three times, a support-turned-resistance level. As a result, it is a critical trading level.

Source – TradingView

The daily relative strength index (RSI) is now trading at 38, with a bullish crossing suggesting that the pair is poised to go higher. The declining trend line from the stated line, which is at $2.50, is the immediate resistance.

In addition, the bulls would dig deep to reclaim the psychological $3.06 level. This will also coincide with the 50 DMA re-test. A clear break above this level might entice additional investors to join the renewed upward trend.

Conversely, the bullish thesis will be invalidated if the price falls below the $1.98 horizontal support line. The $1.50 level would be the objective for sellers. More fall is likely targeting the descending channel’s bottom trend line at 1.32. The last time these levels were witnessed was in October.

The post Decentraland (MANA) could rise after finding support at $1.75 appeared first on Coin Journal.