Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Fantom (FTM) hits new all-time highs – Is it the right time to buy?

Fantom (FTM) has been surging over the last few days. The Ethereum competitor in fact managed to cross above $3.4, hitting an all-time high in the process. But is it the right time to buy Fantom? How far can this uptrend momentum go in the near and long term? Here are some highlights:

  • Fantom (FTM) has outperformed almost all major cryptos, gaining a whopping 35% over the past week.

  • The token did fall slightly from its all-time high and was trading at $3.22 at the time of writing.

  • Total Value locked on Fantom (FTM) has surged to $7.75 billion, a 26% jump over 7 days.

Data Source: Tradingview.com 

Fantom (FTM) – Price action and prediction

Fantom (FTM) has often been described as an underrated project that is going to surprise many. Despite a slow start in 2022, the altcoin has held steady and is now charting an upward trajectory. 

Weekly gains stand at 35%, the best in the entire market. But it is the total value locked or TVL that is attracting a lot of interest. Last week, Fantom’s TVL rose to $7.7 billion, a 26% increase over 7 days. This was one of the key drivers of the price action this week. 

We expect Fantom (FTM) to maintain this trajectory. Although the token has slightly fallen from its $3.4 all-time high, it will retest that threshold in the coming days.

Should you buy Fantom (FTM)

For the last months, Fantom (FTM) has ranked as one of the fastest-growing crypto assets in the market. If you are looking for a decent Ethereum alternative with superb underlying fundamentals, then Fantom (FTM) is a decent option. 

As for folks who want a short term play, maybe ride the bullish uptrend. In fact, over the last few days, people who have tried to bet against FTM have been burned, so it may not be a good idea.

The post Fantom (FTM) hits new all-time highs – Is it the right time to buy? appeared first on Coin Journal.

Veröffentlicht am

These are the best penny cryptos to buy right now

The trick to making money in crypto, or in any other investment, is often to get in early while the asset is still underpriced. Of course, not all penny cryptos go one to make money; some even tank further. But in case you are hunting for a bargain, then there are some amazing penny cryptos to buy this year. Here is why this makes a lot of sense:

  • Penny cryptos are typically underpriced and have a lot of potentials to become big once they grow.

  • Also, the cost of getting these crypto-assets tends to be low, so you can start even on a small budget.

  • These cryptos also have a lot of intrinsic value, so if you are patient enough, there is always so much to gain.

Well, the following is a list of three of the best penny cryptos that you can buy right now and hold in 2022:

VeChain (VET)

VeChain (VET) is marketed as an enterprise-grade smart contract platform that was launched back in 2015. The project has seen immense growth over the years. 

Data source: Tradingview.com 

As of now, it has a market cap of around $4.9 billion, suggesting there is still more upside to come in the future. At the time of writing, its native token VET was trading for $0.0765.

Reserve Rights (RSR)

Reserve Rights (RSR) is a dual token stablecoin platform designed to help crypto traders manage volatility in the market. The project is fairly new, having launched in 2019. But it offers a lot of promise. As of now, RSR has a market cap of $340 million. The crypto is also trading at around $0.02586.

REEF (REEF)

Reef (REEF) is a Layer-1 blockchain designed to provide support for innovative DeFi, NFT, and gaming projects. Its native token REEF has a market cap of around $244 million. The token, at the time of writing, was selling for $0.01394.

The post These are the best penny cryptos to buy right now appeared first on Coin Journal.

Veröffentlicht am

Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117%

Avaxtars (AVXT) price is currently skyrocketing. It has jumped by about 117% today hitting a daily high of $25.68.

Currently, AVXT is trading at $14.65, with a 24-hour trading volume of $3.03million. Its market cap is $2.7million, with a circulating supply of 156.8K AVXT.

Avaxtars

Avaxtars is a play-to-earn Metaverse game built on Avalanche’s C-Chain and AVXT is its native currency that was launched in October 2021.

The Avaxtars built on NFTs have every component of the game tokenized and live on the Avalanche blockchain. On the Avalanche mainnet, every Avaxter is digitally generated and recorded as a unique ERC-721NFT.

The game has features like a personal Avaxter Generation Machine (PAGM) to analyze the Digital Genetic code (DGC) of Gen1 and create new Gen2 Avaxters. This process is called Avaxtar farming that enables users to earn AVXT tokens and new Avaxters. 

For the users to start playing, they must purchase the Avaxtar from the marketplace where Gen1 and Gen2 Avaxtars are affordable between $5 and $15.

This affordability makes Avaxtars an awesome project for the new users in cryptocurrency, NFTs, and Metaverse.

Currently, users can check for the beta version of Avaxtars by connecting with a compatible wallet like MetaMask. The project is among the few that lived up to its promises at launch and became one of the most reputable Metaverse crypto coins in the market.

The game also features three different tokens that are ENXT, AVXT, and DGC. ENXT is made by providing liquidity to AVXT-AVAX pools on a decentralized exchange, AVXT that is earned by in-game mechanics, and DGC which is generated by PAGM processes.

Why is Avaxtars price rallying?

Avaxtars announced today about their partnership with the first social network on Avalanche, Kaira Network, where users can connect their Avaxtar NFTs to the network platform to create content and earn Kaira tokens as they socialize.

Although the partnership pushed for the bullish momentum of the project, the main reason for the recent price hike is the availability of an actual working product with a working growing ecosystem.

The post Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117% appeared first on Coin Journal.

Veröffentlicht am

Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022

  • Wood says blockchain technology is one of five trends alongside DNA sequencing, energy storage, AI and Robotics

  • She says DeFI and NFTs were huge in 2021 and could continue on the same trajectory this year.

ARK Invest founder and chief executive officer Cathie Wood says that blockchain technology is one of the five key trends her investment fund is watching in 2022.

The celebrity investor, whose bets on Bitcoin and Tesla made for huge returns, believes two trends in the blockchain tech space likely to continue to see massive investor interest are decentralised finance (DeFi) and non-fungible tokens (NFTs).

Wood was speaking to TIME magazine.

Blockchain remains a ‘big trend’ in 2022

Asked about what trends Ark Invest was watching this year, Wood pointed to “five innovation platforms.” According to her, these are areas around which the fund has extensive research and which have been shown to be “scaling exponentially.”

She says that DNA sequencing is one innovation that will transform healthcare, while another closely watched platform is Robotics, “especially adaptive robotics, she added.

Energy storage is another big trend the investment fund is keen on in 2022, with the Ark Invest CEO giving the nod to electric vehicles over gas-powered ones. Tesla has led in this category, with other automakers like Rivian, GM, and Ford also seeing significant demand in 2021.

Investment opportunities in the Artificial Intelligence space are also big on the fund’s books, as is blockchain technology.

Wood told TIME that decentralised finance and non-fungible tokens are likely to continue being huge for investors. She believes one of the trends in 2022 will be DeFi taking over a large part of the market share currently dominated by traditional financial.

Last year, an estimated $44 billion worth of NFTs were sold, while the DeFi sector saw over $240 billion in total value locked (TVL). Per data from DeFi Llama, the TVL currently stands at $235.88 billion, with 9.87% of that locked in the Curve Finance protocol.

The post Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022 appeared first on Coin Journal.

Veröffentlicht am

Terra (LUNA), Avalanche (AVAX) and Solana (SOL) offer massive opportunities in 2022, says Raoul Pal

  • Bitcoin and Ethereum are “base investments”, with BTC the OG of crypto, says the Real Vision CEO.

  • Terra and Solana are currently top 10 cryptocurrencies by market cap, while Avalanche and Polygon make up the top 15.

Terra (LUNA) is currently the 9th largest cryptocurrency by market cap at $29 billion, thanks to a monstrous price rally over the past year.

While the decentralised financial payments blockchain has seen its native coin struggle this past two weeks, it’s up 23% since mid-December. But that’s not all; LUNA’s price is up a mouthwatering 10,579% higher since January 2020.

This coin, together with Avalanche (AVAX), Solana (SOL), and Polygon (MATIC), are likely to see even more gains in 2022, according to Real Vision CEO Raoul Pal.

The investment strategist said in an interview published on Friday.

He said he personally has added to his Ethereum position and is looking at “some of the beaten-down” tokens in decentralised finance (DeFi) as well as layer 1 altcoins.

The investor was responding to Jessica Walker’s question on what he thought an experienced trader would look at in the crypto market going into 2022 proper. And Pal noted that Bitcoin (BTC) and Ethereum (ETH) are likely to remain on top of the list for many traders, before going on to explain why.

According to him, ETH and BTC are “base investments.” He said Bitcoin is “the OG” of crypto, while Ethereum is the most robust network in the crypto industry. It has the most developers and investors, he added.

However, other than these two, one would look at „network effects“ for guidance when seeking an investment opportunity. The most attractive, in his opinion, are those altcoins whose networks show growth potential within the crypto space.

He thus singled out layer 1 coins as probable outperformers in 2022, with interoperability tokens also on his list.

“We’re seeing these layer-1s, stuff like Terra, Avalanche, and probably Solana,” he said.

Solana is currently the 7th largest cryptocurrency with a market cap of $44 billion while Avalanche is down in the 12th spot with a market cap of $21 billion. Both coins are trading lower on the day, with SOL down 3.8% and AVAX losing by 4.3%.

Pal also thinks Polygon and Quant- a blockchain network aimed at connecting other blockchains via its Overledger technology- will also experience further growth.

The Real Vision CEO said that this could be “the year of interoperability”, the reason Polygon, Quant could be big opportunities.

Last week, crypto strategist Michael van de Poppe expressed a bullish outlook for Polygon, adding that other tokens like Fantom (FTM) and Enjin Coin (ENJ) will also do well in the market.

The post Terra (LUNA), Avalanche (AVAX) and Solana (SOL) offer massive opportunities in 2022, says Raoul Pal appeared first on Coin Journal.