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Dusk Network (DUSK) Surges Over 70% In the Last 7 Days – Time to Buy?

Dusk Network (DUSK) has been one of the best crypto performers over the last week or so. The token has seen massive surges and is expected to maintain some of this momentum in the coming days. But is DUSK a worthy buy in the long run? Is this the perfect time to get in? The analysis is below but first some highlights:

  • The Dusk Network (DUSK) has seen gains of nearly 70% over the last 7 days, making it one of the best performers in crypto right now.

  • At the time of reporting, the token was trading at around $1.05, up about 8% in 24 hours

  • DUSK also saw surges in its trading volume, increasing by over 60% in 24 hours.

Data Source: Tradingview

Dusk Network (DUSK) – price prediction and analysis

It’s been a superb 7 days for Dusk Network (DUSK). After falling behind for the most part of January, the token is rebounding sharply, earning nearly 70% in value over the last week. DUSK has also managed to surge past the crucial psychological threshold of $1. 

At the time of writing, the coin was trading at $1.05, up about 8% in intraday trading. DUSK also has a reported market cap of about $404 million. There is therefore quite some potential for it to grow further albeit it is still outside the top 100 cryptos.

Is it a good time to buy Dusk Network (DUSK)?

Dusk Network is a programmable blockchain for confidential securities. It is designed to offer privacy and speed for financial applications, making it a very unique protocol in the DeFi space.

DUSK also has a scalable public infrastructure and offers the highest levels of privacy. With these incredible features, it is expected to be big no doubt. If you have not bought into it already, it’s time to get in albeit the price is quite high at the moment.

The post Dusk Network (DUSK) Surges Over 70% In the Last 7 Days – Time to Buy? appeared first on Coin Journal.

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Moonbeam (GLMR) loses nearly 15% in 24 hours despite launching on Polkadot – Should you buy it?

Moonbeam (GLMR) launch on Polkadot (DOT) was a much-publicised affair. In fact, the project was one of the key beneficiaries of Polkadot’s parachain auction. Moonbeam (GLMR) also became the first fully operational parachain running successfully on the Polkadot ecosystem. But despite this, the news did not reflect on the price and here is why:

  • At the time of writing, Moonbeam (GLMR) was trading at $10.42, down nearly 13% in 24-hour intraday trading.

  • The launch on Polkadot is seen as a crucial move in accelerating Moonbeam (GLMR) and its growth.

  • But so far, it seems investors are still jittery as wider sentiment in the crypto market remains sluggish.

Data Source: Coinmarketcap.com 

Moonbeam (GLMR) – Price action and prediction

Moonbeam (GLMR) has seen some volatility in the last few days. The token has oscillated between slumps of 10% and 15% over the last 24 hours. This comes as a huge surprise since the launch on Polkadot was a big deal.

However, Moonbeam (GLMR) could be feeling the pressure as a result of broader headwinds in the market. At the time of writing, the token was trading at around $10.38 with daily lows of $9.75. 

Moonbeam (GLMR) also had a market capitalization of around $790 million. It is unlikely that this downtrend is long term. We expect the GLMR price to turn the corner in the coming days.

Should you buy Moonbeam (GLMR)?

Moonbeam (GLMR) is a smart contracts platform that runs on Polkadot. It is in fact the main smart contract parachain in the ecosystem. In December last year, Moonbeam raised nearly $950 million for a parachain slot on the Polkadot ecosystem. 

The money was raised through crowdfunding, suggesting there is a lot of confidence in the project among crypto investors. So, for folks looking for long term coins with decent underlying fundamentals, this is it.

The post Moonbeam (GLMR) loses nearly 15% in 24 hours despite launching on Polkadot – Should you buy it? appeared first on Coin Journal.

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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.

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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.