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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Ravencoin (RVN) has been surging the past week – should you buy it?

Ravencoin (RVN) is right now one of the best performing coins in the market. The token is up 20% over the last week. These gains would be even higher were it not for today’s broader crypto pullback that saw RVN lose over 10% in 24 hours. So, what is Ravencoin (RVN), and should you even consider it? The analysis is below but first, some highlights:

  • This week’s gains have helped Ravencoin (RVN) surge past its December lows by nearly 80%.

  • At press time, the token was down 10% in 24-hour intraday trading but is still 20% up over the last 7 days.

  • Despite this positive momentum, Ravencoin (RVN) still remains 62% from all-time highs in 2021.

Data source: Tradingview.com 

Ravencoin (RVN) – Price analysis and prediction

Ravencoin (RVN) was launched 4 years ago. During this period, the token has reported significant growth. The recent 7-day surge suggests that perhaps there is way more to come from Ravencoin (RVN). 

Besides, at the time of writing, the coin had a market cap of around $1.2 billion, an indication that there is still enough upside to unlock more value in the long term. Right now, the coin is also above its 25- and 50-day moving average. 

Despite the 10% 24 hour pull back, Ravencoin (RVN) is still above its resistance level of $0.115. We expect the token to trade above this threshold as long as sentiment in the broader crypto doesn’t deteriorate further.

Why you should buy Ravencoin (RVN)

Ravencoin (RVN) is built on a fork of the Bitcoin code. It is designed to be a peer-to-peer blockchain network that facilitates the transfer of crypto assets in the most efficient and less costly way. So far, the project has earned the trust of many investors. Although it is not really the most promising blockchain project today, it could still offer decent returns for long-term plays.

The post Ravencoin (RVN) has been surging the past week – should you buy it? appeared first on Coin Journal.

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Here is why you should buy Aave (AAVE) despite pullback below $250

Aave (AAVE) has largely traded sideways over the last month without any significant breakouts. But it did manage to oscillate between $250 and $270. For most analysts, as long as the price remained above $250, then it was just a matter of time before Aave (AAVE) surged above $300. But a pull-back has seen the coin tank below $250. Should you still buy Aave (AAVE)? Well, here are some facts:

  • The recent pullback has largely been pushed by risk-off sentiment in the crypto market over the last 24 hours.

  • At the time of writing, Aave (AAVE) was trading at $221, down 13% in 24-hour intraday trading.

  • We expect sentiment in crypto to ease in the coming days, with Aave (AAVE) rebounding back to $250.

Data Source: Tradingview.com

Aave (AAVE) – Price analysis and prediction

Most New Year predictions were looking at Aave (AAVE) heading above $300 in the near term. There were of course some downside risks due to sluggish sentiment in broader crypto. 

Despite bouncing between $250 and $270 the past few weeks, Aave (AAVE) tanked below $250 in a 13% 24-hour pull back. However, we expect the price to quickly rebound back to $250, especially with improving sentiment in the market. 

After that, Aave (AAVE) will likely reclaim the $270 price and surge beyond $300 as earlier expected. But we are watching sentiment very closely to see how it plays out in the coming days.

Should you buy Aave (AAVE)?

Aave (AAVE) is one of the most promising DeFi projects. The protocol allows people to borrow and lend crypto assets through a decentralised ecosystem. Although this area is seeing a lot of competition, we expect Aave (AAVE) to be a major player in the long run. So, if you are looking for decent DeFi tokens to buy, this could be a good bet for any investor. 

The post Here is why you should buy Aave (AAVE) despite pullback below $250 appeared first on Coin Journal.

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Loopring (LRC) sees a massive sell-off – Should you still buy it today?

After some positive price action during the first days of 2022, Loopring (LRC) is tumbling fast. The coin has seen a massive sell-off in 24-hour intraday trading today, losing nearly 18% in value. These losses have wiped out the bullish uptrend we say last week, bringing total losses over 7 days to around 16%. But is Loopring (LRC) still viable for investors today? Well, here are some highlights first:

  • Loopring (LRC) saw positive bullish momentum a few weeks ago after emerging as one of the early adopters of ZK-roll ups.

  • Hawkish fed policy from FOMC minutes released yesterday appears to have put extra downside pressure on LCR.

  • The correction we have seen today is likely to continue as all indicators point towards a bearish outlook in the near term.

Data Source: Tradingview.com 

Loopring (LRC) – price action and prediction

The crypto market started the day largely in the red in response to FOMC minutes that point towards hawkish monetary policy by the Fed. Although the LRC wipe out had something to do with broader sentiment in crypto, right now other indicators suggest that the coin is headed for more downside. 

At the time of writing, LRC was trading at around $1.68, down nearly 18% for the day. The $1.6 mark is the current support, and if LRC cannot sustain gains above that, we could see it tank back to $1 in a few days. Based on current trends, it is likely that a sustained downside trend towards $1 will be the outcome.

Should you buy Loopring (LRC)

Despite this correction, Loopring (LRC) still remains a decent investment. In fact, the fact that the platform was an early adopter of ZK-Rollups to help enhance transaction speeds on the network is a sign that the future is bright. But wait for the current downtrend to take this token to $1. That would be the perfect dip to buy for the long run.

The post Loopring (LRC) sees a massive sell-off – Should you still buy it today? appeared first on Coin Journal.

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Market highlights January 6: Major cryptos plummet, tech firms drag down NASDAQ100

Major cryptos fell sharply over the past 24 hours, reacting to the FOMC minutes release of faster rate hikes. All three major US indices fell heavily on the news that Fed officials are planning faster hikes and a quicker start to bond sales than expected. The NASDAQ100 was hit hardest, falling 3.34%. 

The Fed-driven selloff marks the worst start to a calendar year for tech stocks since the 2008 financial crisis, with a range of tech firms taking US markets lower in the session. Leading the NASDAQ100 lower was MercadoLibre, down 9%, while Datadog fell 7.76% and Moderna was off by 7.65%.

The biggest faller in the SPX500 was Enphase Energy, down 11.82% after Bank of America downgraded the stock from buy to neutral. 

Top cryptos

Solana and Polkadot plunged more than 11%, while Ethereum, BNB, Cardano and XRP fell more than 8%. Bitcoin dropped almost 7% and was trading just above $43,000 at time of writing. Nonetheless, a Goldman Sachs report this week sees Bitcoin potentially doubling to $100,000 within the coming five years.

Polygon lost 15%. It has taken a dive since being pushed to a new all-time high of $2.92 on 27 December. It has since lost over 25% to today’s price of $2.08 following news of a malicious hack on the network in early December.

Top movers

Almost all of the top 100 coins by market cap have lost value today. Metaverse tokens were hit the hardest. The biggest losers are Axie Infinity, Internet Computer, and Loopring with -20%, Elrond, Tezos, Curve DAO, ThorChain, and Compound with -19%, Gala, Arweave, and Kadena with -18%, Hedera, Theta, Nexo, and SushiSwap with -17%, privacy protocol Secret with -16%, and Sandbox, Harmony, BAT, The Graph, Helium, Enjin Coin, Chiliz, Waves, YFI, Algorand, IoTeX, and Velas with 15%.  

At #100, APENFT is the only winner of today with gains of around 3%. Its core businesses include investing in top NFT platforms and artworks, incubating leading NFT artists, sponsoring galleries, organizing art exhibitions or publications, setting up awards to support art creation and criticism, and establishing art collections.

Trending

PAPPAY, a cryptocurrency that can be used for digital purchases and payments on the internet and a tool that generates passive income, soldiers on with gains of 900% today, a level typical of its recent trajectory.

Another winner is AquaGoat.Finance, which gained 8.65% in the last 24 hours. Recognizing the harmful impacts of cryptocurrency mining on the environment, AquaGoat focuses on ocean conversation efforts, helping to offset, mitigate, and potentially reverse the damage done by humans and conventional mining processes of the past, all while generating income for network participants.

The post Market highlights January 6: Major cryptos plummet, tech firms drag down NASDAQ100 appeared first on Coin Journal.

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Football token MetaFootball is crashing, should you buy the dip? Where to buy MetaFootball

MetaFootball bills itself as one of the most comprehensive football management games ever created, designed as a play-to-earn game for everyone who loves football and wants to earn token reflections and NFT while managing their own football team. This guide explains what MetaFootball is, whether it’s worth buying, and the top places to buy MetaFootball now.

Top places to buy MetaFootball now

As MTF is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MTF using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MTF right now, follow these steps:

1. Buy BNB on a regulated exchange or broker, like Binance ›

We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the SushiSwap DEX

Head to SushiSwap, and ‚connect‘ your wallet to it.

4. You can now swap your BNB for MTF

Now that you’re connected, you’ll be able to swap for 100s of coins including MTF.

What is MetaFootball?

MetaFootball provides an advantage over traditional fantasy football leagues in that you are compensated in real money for your efforts because you own the cards you collect, win, and trade. In previous fantasy football games, you don’t own any players, so all you get for your time is the possibility to beat the thousands of other players who enter, but with MetaFootball, you get to collect cards (players) that you are given complete ownership of for the rest of your life.

Should I buy MetaFootball today?

Innovative new tokens can be a lucrative investment, but they can reverse gains very quickly. Read price predictions before you make a commitment.  

MetaFootball price prediction

According to CoinCodex, the value of MetaFootball will rise by 22.86% and reach $ 0.0000000089 by January 11. The current sentiment is bearish while the Fear & Greed Index is showing Extreme Fear. MetaFootball recorded 40% green days with price volatility over the last month. Based on their MetaFootball forecast, it’s now a bad time to buy MetaFootball.

MetaFootball on social media

 

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