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Altcoins that could make you millions before the end of 2022

The crypto market has been known to literally make people rich overnight. In fact, 2021 was the year of crypto, with most altcoins setting record highs in terms of growth. But the start of 2022 has seen most of these tokens lose some momentum. But can you become rich from altcoins? Here are some highlights:

  • Altcoins have shown that they have the biggest growth potential compared to traditional tokens like Bitcoin and others.

  • In 2021, some altcoins saw gains of over 10,000%, with surging demand all year through

  • Altcoins also offer some of the most interesting blockchain projects in the world right now.

Well, if you want to get rich from altcoins, the following are two undervalued tokens that you can consider:

Anchor Protocol (ANC)

The Anchor Protocol (ANC) is an innovative DeFi project that is built on the Terra network. It is designed to offer frictionless access to a set of DeFi products with better speeds and efficiency. What makes this an exciting project is the fact that it’s under the radar. 

Data Source: Tradingview.com 

It’s also worth mentioning that the Terra network where it’s built is a hot project too. There is also a lot in TVL for ANC as well, making it a decent bet for future growth. At the time of writing, the coin was trading at $2.23 with a market capitalisation of around $465 million. If you are looking for a decent DeFi project for the future, check this out.

Provenance Blockchain

The Provenance Blockchain is actually an up-and-coming project, so there aren’t even tokens available yet. But it has several key promising features. The platform is an open-source ecosystem for creating and deploying blockchain DApps. It is getting a lot of attention from big-name players in finance and could be a huge bet for growth in the future.

The post Altcoins that could make you millions before the end of 2022 appeared first on Coin Journal.

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Cosmos (ATOM) remains resilient during the crypto slump – Should you buy it?

Cosmos (ATOM) has shown some incredible resilience even as the broader crypto market reported weakness in January. The coin in fact has traded very close to its all-time highs albeit is it is a bit lower. With this price action, should you buy Cosmos (ATOM)? Here are some highlights first:

  • At the time of writing, the token was trading at $39.41, fairly close to its all-time high price of around $46.

  • Also, Cosmos (ATOM) is about 400% up from its lowest price, recorded in June last year.

  • The coin has also surged by nearly 7% in 24-hour intraday trading.

Data Source: Tradingview.com 

Cosmos (ATOM) – price prediction and analysis

For the most part of January, a lot of Altcoins in the market has seen massive routs. But it seems Cosmos (ATOM) has managed to hold steady. Despite taking a few hits, the token has rebounded. It is still about 3% down in 7 days but remains 7% higher in 24-hour intraday trading. 

At the time of writing this post, Cosmos (ATOM) was trading at around $39. It is quite close to its all-time high of $46. Although we don’t expect it to retest those heights in the coming days, Cosmos (ATOM) is likely to consolidate around the $40 mark. Also, the token has surged past its 25- and 50-day moving averages, suggesting that a bullish alignment is well and truly in the mix.

Should you buy Cosmos (ATOM)

Cosmos (ATOM) is one of the most popular altcoins. The chain also looks to offer one of the fastest and low-cost blockchains in the world for innovative developers. It has been a hit among investors, ranking among the top 10 by market cap.

Based on those fundamentals, it is a decent token to get your hands on. The recent price action also shows it can be resilient even if broader headwinds hold back crypto assets.

The post Cosmos (ATOM) remains resilient during the crypto slump – Should you buy it? appeared first on Coin Journal.

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Baby DogeCoin (BabyDoge) gets 1.3 million holders – should you buy it?

2022 has seen the entrance of a new dog-themed meme token, the Baby DogeCoin (BabyDoge). The meme coin is now gaining superb momentum and a fanatical following of investors who see it reaching the same heights as other meme coins like Shiba Inu and Dogecoin. But should you buy it? Well, here are some highlights first:

  • At the time of writing, Baby DogeCoin (BabyDoge) in fact had attracted over 1.3 million holders

  • The coin has also surged to a market cap of around $1.6 billion, trading at $0.000000006015 per coin.

  • Baby Dodge is also up around 10% in the last 24 hours, indicating increased bullish activity.

Data Source: Coinmarketcap.com 

Baby DogeCoin (BabyDoge) – Price action and analysis

Shortly after launching this year, Baby DogeCoin (BabyDoge) has attracted a fair share of fans. The coin now has about 1.3 million holders, with whales getting into the action as well. The token has also been getting listings from top exchanges, including CoinEx and others. 

This has pushed the coin higher, gaining nearly 10% in the last 24 hours. We have also seen increased social media buzz for Baby DogeCoin (BabyDoge). In fact, the token has been one of the trending topics on Twitter, and its official account already has over 800,000 followers. At the time of writing this post, Baby DogeCoin (BabyDoge) was trading at $0.000000006015.

Should you buy Baby Doge?

The hope for most people who have invested in BabyDoge is to see it rival other meme coins like Shiba Inu, Dogecoin, and others. This is very possible and could help you make massive returns. In fact, BabyDoge went from zero to $1.6 billion in market cap quite fast.

But please note that meme coins don’t have any serious underlying fundamentals. They are simply speculative assets and as such, they are very risky. Do not put all your life savings here.

The post Baby DogeCoin (BabyDoge) gets 1.3 million holders – should you buy it? appeared first on Coin Journal.

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Gala (GALA) continues free fall as hopes for quick rebound shrink – price analysis and prediction

After ranking as one of the top performers of the year in 2021, Gala (GALA), one of the most popular gaming tokens in the market, has quite literally collapsed. The price action has largely been on free fall over the last few weeks, and any hopes of a quick rebound appear slim at best. Here are some notable highlights:

  • At the time of writing, GALA was trading at $0.2825, the lowest it has been over the last three months.

  • The token is also nearly 70% down from its all-time highs in 2021, following in the steps of other gaming tokens that are on the red.

  • There is serious investor concern about the potential growth of play to earn games in the long run.

Data Source: Tradingview.com 

Gala (GALA) – price prediction and analysis

Gala (GALA) was developed to become a disruptive blockchain project in the gaming world. So far, even with the current price slump, it has done quite well, returning over 4000% in profits in 2021. 

But it seems like investor appetite towards play-to-earn tokens is hampering. In fact, GALA follows other gaming coins like Enjin, Sandbox, Decentraland, and Axie Infinity in decline. 

Right now, GALA is well below the 25- and 50-day moving averages and has been for quite some time, suggesting a sustained bearish trend. We see the token dropping below $0.25 in the coming days.

Should you buy Gala (GALA)

There is always this argument that some tokens, especially in the metaverse and NFT space, are overpriced due to investor hype. This is very true for GALA. A good rule would be to wait until the price goes through a correction of sorts and buy then. A dip below $0.2, which appears imminent, offers the perfect entry point for investors who want to add GALA into their portfolio.

The post Gala (GALA) continues free fall as hopes for quick rebound shrink – price analysis and prediction appeared first on Coin Journal.