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

Swipe (SXP) is up over 30% today – Here is why you should buy it now

Swipe (SXP) has been surging in 24-hour intraday trading today. After dipping in December to lows of $1.37, the coin has rebounded sharply. At the time of writing, Swipe (SXP) was trading at around $2.06. This is nearly 52% up from its lows. Swipe (SXP) is also looking poised for a sustained bullish uptrend. Here are some highlights so far:

  • The recent surge was triggered by news that Binance was going to acquire the remaining outstanding shares in the project.

  • Despite this, Swipe (SXP) was already rallying after consolidating around the $1.37.

  • The token is now well above its 20- and 50-day exponential moving averages, suggesting a bullish outlook.

Data Source: Tradingview.com 

Swipe (SXP) – price action and analysis

Swipe (SXP) reported immense interest from investors after the Binance news. Although the price action showed a 30% increase in 24 hours, we also saw a huge uptick in trade volume. In fact, the 24-hour trading volume was up by nearly 1231% at the time of writing. This is an indication of increased buying as investors look to cash in on this bullish run. 

Besides, SXP has now surged past its 20- and 50-day exponential moving averages. It is still however below the 100 and 200 EMAs which could pose some downside risk. But buoyed by the Binance news, STX will rally, and the key will be to cross over its mid-November resistance of $2.9.

Why you should buy Swipe (SXP)

Swipe (SXP) has always been a decent investment because it is backed by very good underlying fundamentals. 

The entrance of Binance, a large ticket investor and perhaps one of the most credible names in crypto means that SXP is poised for better fortunes in the long run. This is the best time to buy into the project and hold the token.

The post Swipe (SXP) is up over 30% today – Here is why you should buy it now appeared first on Coin Journal.

Veröffentlicht am

Brock Pierce says Bitcoin price could rally to $200K next year

The Bitcoin Foundation chairman suggests inflation and insatiable appetite by governments to print fiat money could help Bitcoin rally above the highly anticipated level of $100,000, gaining by 300% or more to breach the six-digit barrier in 2022.

Brock Pierce, billionaire entrepreneur and one of cryptocurrency’s pioneer adopters, is projecting a bullish outlook for Bitcoin next year.

The Block.One co-founder believes that despite Bitcoin’s current struggles, the next twelve months could be pivotal in seeing the benchmark cryptocurrency pack fresh upside momentum.

But he’s not just thinking of BTC hitting a new all-time high above $69,000. He thinks the market could witness a breakout beyond the $100k barrier, with mitigating external factors pushing the digital asset even higher along the six-digit rail.

The former US presidential candidate shared his prediction during an interview on Fox Business.

Inflation and financial uncertainty to add to volatility

Pierce believes that Bitcoin’s price could get some tailwinds from the never-ending urge to print more currencies. He looks at this factor as one of the primary drivers of Bitcoin price in the future, more than even growth within the broader crypto market.

The entrepreneur says Bitcoin’s volatility is another factor, noting that the cryptocurrency largely doesn’t act as a “hedge per se.” He notes that unlike gold or real estate, the digital asset is more risk-on, but does excite for the one reason that it does offer huge returns.

He explained that continued rising inflation and financial uncertainty could be just the driving factors that push Bitcoin prices higher.

“I would not be surprised if we saw a Bitcoin price next year over $100,000. It’s even conceivable that it can break $200,000 for a moment,” he noted.

In this regard, it’s probable Bitcoin could see a 300% or more rally before cooling off.

Pierce’s sentiment mirrors several others who see 2022 as a year in which cryptocurrencies could yet see more gains. His comments about the need for proper regulation in the crypto space is also a topic touched upon by various industry and market players, including FTX CEO Sam Bankman-Fried and Cardano founder Charles Hoskinson.

Bitcoin is trading just above $48,000 as of writing, up nearly 1.5% on the day but about 5% down over the past week. 

BTC/USD is also nearly 31% down from its peak of $69,044 reached in November. However, the digital asset has outperformed US equities with over 75% gains in 2021, compared to around 28% for the S&P 500 and 22% for Nasdaq.

The post Brock Pierce says Bitcoin price could rally to $200K next year appeared first on Coin Journal.

Veröffentlicht am

SushiSwap’s (SUSHI) 7-day bullish uptrend brings gains of over 35% – price analysis and prediction below

As 2021 comes to a close, SushiSwap (SUSHI) has been one of the top performers in the crypto market for the last week or so. The DeFi token is currently on a 7-day bullish run that has seen it gain nearly 35% in value over the same period. But can this momentum continue? Before we get to the price analysis, here are some highlights:

  • At the time of writing, SushiSwap (SUSHI) had crossed into double figures, trading at $10 and up 10% in 24 hours.

  • We expect the token to face major overhead resistance at around $10.88 over the coming days.

  • Despite the bull run, the Relative Strength Index at the time of writing suggests the token is overbought, creating significant downside risk if investors decide to cash in profits.

Data Source: Tradingview.com

SushiSwap (SUSHI) – Price analysis and prediction

It’s been a good week for SushiSwap (SUSHI), no doubt about that. The coin has crossed into double digits for the first time in a while. The next big challenge will be to overcome overhead resistance at $10.88. If indeed this happens, we could possibly see SUSHI test its next resistance of around$11.59 and consolidate around the price if a breakout doesn’t happen. 

But one key risk factor is the RSI reading. While most technical indicators look bullish, the RSI indicates SushiSwap (SUSHI) is overbought. If investors decide to lock in profits, then SushiSwap (SUSHI) may come under significant selling pressure, which could lead to a pullback towards $7.8 or thereabout.

Should you buy SushiSwap (SUSHI)

the answer is yes. For long-term investors, SUSHI is a decent DeFi token to have on your portfolio. But the short-term outlook suggests that we may see some volatility around SushiSwap (SUSHI) in the coming days. As such, for short-term bulls, this may not be the most ideal time to get in.

The post SushiSwap’s (SUSHI) 7-day bullish uptrend brings gains of over 35% – price analysis and prediction below appeared first on Coin Journal.

Veröffentlicht am

Market highlights December 31: Cryptos see end of year rally, oil headed for biggest gains since 2009

Despite the overall slowdown in crypto markets seen recently, nearly all top 10 cryptos registered gains over the past 24 hours. Oil had a tremendous year in 2021, with COVID-19 lockdowns and re-openings propelling it to mammoth gains. In fact, oil prices have had their best year since 2009, climbing more than 50% since January 1st. The SPX500 and DJ30 hit new intraday highs before pulling back yesterday. The DJ30 missed out on finishing higher for the seventh straight session, with the index dipping 0.25%. 

Top cryptos

At the time of writing Bitcoin, Ethereum and XRP were all up more than 1%, while the majority of the other top 10 cryptos hovered around the flatline.

Algorand, the 19th biggest crypto by market cap, is the biggest gainer in the top 20 today. Algorand is up 8.79% in the last 24 hours.

Top movers

Celsius (CEL) is the biggest gainer in the top 100. The all-in-one banking and financial services platform for cryptocurrency users, which offers rewards for depositing cryptocurrency and services such as loans and wallet-style payments, gained 16% today.

Gnosis, a decentralized prediction market built on the Ethereum protocol, is also skyrocketing. It is up 14% in 24 hours.

Cosmos continues to rally. The live Cosmos price today is $31.75 with a 24-hour trading volume of $1.14 billion. Cosmos is up 13.60% in the last 24 hours.

AAVE is another big winner today. Its live price is $272.41 with a 24-hour trading volume of $591.8 million. Aave is up 13.58% in the last 24 hours.

Arweave and Bora both gained 11%. Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Bora is a decentralized entertainment platform that distributes digital content and provides incentives to participants. 

SushiSwap continues its rally over the past few days with 10% gains.  

Trending

Let’s Go Brandon (LGB) is a decentralized meme cryptocurrency dedicated to racecar driver Brandon Brown, an underdog who won at Talladega Superspeedway on October 2, 2021, setting off a chain of events that ultimately led to the creation of the meme coin. It’s up more than 50% today.

Catena X (CEX) is a project that aims to deliver an efficient multi-chain transfer protocol to bridge multiple blockchains, which will facilitate trades and transactions between different ecosystems in a completely decentralized way. The service will be secure and expansive with the ultimate goal of eventually bridging most of the existing major blockchains. It’s up 427% today.  

The post Market highlights December 31: Cryptos see end of year rally, oil headed for biggest gains since 2009 appeared first on Coin Journal.

Veröffentlicht am

Introducing LGB, the token that gained 52% today: where to buy LGB

Let’s Go Brandon (LGB) is a decentralized meme cryptocurrency dedicated to racecar driver Brandon Brown, an underdog who won at Talladega Superspeedway on October 2, 2021, setting off a chain of events that ultimately led to the creation of the meme coin. If you want to buy LGB in support of Brandon, here are the top places to do that.   

Top places to buy LGB now

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

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro 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 ETH 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 Uniswap DEX

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

4. You can now swap your ETH for LGB

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

What is LGB?

LGB is an ERC-20 digital collectible meme coin on the Ethereum Blockchain that allows owners to digitally voice their support for America and the American dream. According to its official website, it aims to inspire positivity and patriotism and ‘to have some fun while doing it.’ LGB is not inherently political as a meme currency. The creators quote Brandon Brown as saying, “There’s far more that unites us as Americans, regardless of where you may vote.”

LGB provides the financial resources to help Brown stay competitive and empower him to do what he loves: driving. They don’t expect Brandon to lead a political movement; only want him to have the support to continue living the American dream.

Should I buy LGB today?

There is a plethora of meme coins on the market and it’s hard to say which will survive and even harder to say which will thrive. If you want to support Brandon Brown, LGB can be worth investing in.    

LGB price prediction

Price Prediction forecasts the price of Let’s Go Brandon will go up to at least $0.00000172 in 2022 and at least $0.00000240 in 2023. That year, the maximum LGB price will be $0.00000295 with the average trading price of $0.00000248. The following year, 1 LGB will trade for at least $0.00000344. In 2025, the minimum possible price of Let’s Go Brandon will be $0.00000492.   

LGB on social media

The post Introducing LGB, the token that gained 52% today: where to buy LGB appeared first on Coin Journal.