Beiträge

Veröffentlicht am

Best two undervalued crypto to buy in February

When many people hear about cryptocurrencies, the first ones they think of are bitcoin and ethereum. Though these two most popular tokens have given investors tremendous profit, there are some other cryptocurrencies that are undervalued but could turn out to be profitable investments this month. This article describes 2 of these cryptocurrencies and why you should consider them.

Cardano (ADA)

Cardano was built by Ethereum co-founder Charles Hoskinson. It was founded on peer-reviews and evidence-based methods. The fast-growing network uses the proof of stake algorithm to create blocks and validate its transactions on its platform, making it more efficient than Ethereum in terms of scalability, interoperability, and sustainability. It also seeks to improve upon Ethereum’s current infrastructure, making experts suggest that it might replace Ethereum in the future.

Many might be blinded by the present ADA low price of around $1.07, not considering that the token has a lot of potentials as the long-awaited Ethereum 2.0 upgrade is yet to happen. Many developers are looking for a way to bypass the high gas fees and high congestion in the Ethereum network. Since Cardano performs many functions better and faster than Ethereum, we expect it to keep gaining developers‘ and investors‘ attention this month and beyond. 

Polygon (MATIC)

Polygon combines Ethereum and sovereign blockchains into a complete multi-chain system. It also solves the problem of high gas fees and slow speed while maintaining high security. It is similar to Polkadot, Avalanche, Cosmos, etc., in its multi-chain system and also has some other advantages over many of them. It is inherently more secure, benefits from the Ethereum network’s effects, and is open and powerful.

Its transaction speed also makes it a good investment opportunity as it processes up to 65,000 transactions per second using a single side chain. These qualities also attract investors and developers, and this underrated token could be a good buy this month.

The price of MATIC is presently around $1.6 moving away from its January low of $1.3. We expect to see more bullish moves this month and beyond.

Conclusion 

The opportunities to invest in the crypto world are becoming bigger every day. You can make the best out of it by making calculated moves.

The post Best two undervalued crypto to buy in February appeared first on Coin Journal.

Veröffentlicht am

Filecoin v Tezos, which one is a better buy?

Key points:

  •  Both are undervalued and could rally as the market turns bullish.

  • Tezos has more potential due to its growth in the NFTs market.

  •  Tezos is also a major player in DeFi, a fast-growing aspect of crypto.

Filecoin (FIL)

In its simplest form, Filecoin is a distributed storage system that allows users to rent unused hard drive space. The project was created by Protocol Labs and built on top of the Interplanetary File System. It allows for easy access from anywhere in the world without any additional cost or waits time during delays because it’s an open-source effort with no single point failure like other companies have had before them.

Tezos (XTZ)

Tezos is a next-generation blockchain that has been designed from the ground up to be scalable, secure, and flexible. This means it can execute peer2peer transactions with high speed while also serving as an excellent platform for deploying smart contracts – all without sacrificing any of its core features or principles.

Which one is a better buy?

Both Tezos and File coin are good investments in February. Both of them have the fundamentals to rally and test new highs in 2022.

However, on a comparative basis, Tezos has more potential. Tezos has seen its share of the NFTs market grow, and this is a big deal because NFTs are on a growth path at the moment, a factor that could help drive up the demand for platforms like Tezos.

For instance, in late 2021, Formula 1 team, McLaren Racing, introduced a non-fungible tokens (NFTs) platform where digital art collectors can buy F1 collectibles. This is built on top of the Tezos blockchain protocol which is preferred by many in this industry because it provides greater security than other similar networks.

Tezos has also been gaining traction as a DeFi platform, another growth area in crypto that could take crypto to new lengths.

All these factors make Tezos a top cryptocurrency to watch, even though file coin too has good odds of profitability.

The post Filecoin v Tezos, which one is a better buy? appeared first on Coin Journal.

Veröffentlicht am

Solana (SOL) could crash by nearly 30% even after the recent bullish run

Solana (SOL) has in recent days been a top performer in the crypto market. But as bulls continue to push the price action further, SOL is starting to approach a key resistance zone that could bring significant selling pressure. Our analysis is below but first, check out some highlights:

  • Solana (SOL) is approaching the crucial $115 overhead resistance zone after recent bullish momentum.

  • if bulls don’t rise above that price, the coin will retrace its price, tanking by nearly 30% in the process.

  • At the time of writing, Solana (SOL) was trading at $105, down 6% in 24-hour intraday trading.

Data Source: Tradingview.com

Solana (SOL) – Price analysis and prediction

It looks like Solana has been going through a honeymoon period over the last few days. After losing much of its 2021 gains in January, the rebound has come fast for SOL. In fact, the altcoin has surged by a whopping 40% in the last 8 days alone. 

But as bulls continue to push the price action upwards, SOL is now approaching a crucial overhead resistance zone of $115. If indeed bulls are not able to effectively test that price and surge above it, then we are likely to see SOL retrace its initial demand zone of between $78 and $65. 

This will represent a correction of nearly 30%. But if indeed the upward momentum keeps going above that threshold, then it’s conceivable that SOL will hit $180.

Should you buy Solana (SOL) now?

There is a lot of good stuff about Solana as a blockchain network. In fact, the SOL ecosystem has been expanding really fast over the last few years. As far as altcoins go, it is one of the best you can have. However, I would wait for the next few days to see if a retracement towards $78 happens. This will give you a superb discount.

The post Solana (SOL) could crash by nearly 30% even after the recent bullish run appeared first on Coin Journal.