Investor Bill Miller ist optimistsch im Hinblick auf Bitcoin. Er hat 50 Prozent seines Vermögens in Bitcoin investiert.
Crypto strategist outlines 2022 bullish scenarios for Polygon, Fantom and Enjin Coin
Cryptocurrencies continue to face downward pressure as sentiment across the equity market also weighs on crypto assets.
Popular crypto analyst and trader Michael van de Poppe has highlighted the next possible moves for several altcoins, including Polygon (MATIC), Fantom (FTM), and Enjin Coin (ENJ).
The analyst also highlights the technical outlook for two other altcoins- Woo Network (WOO) and Verasity (VRA).
Van de Poppe also believes flagship cryptocurrency Bitcoin could see a decent bounce and break to the $46,000 price level. This follows the cryptocurrency’s flip above $40k after a brief dip to lows of $39,600 on Monday.
Fakeout on the downside for #Bitcoin. If $40.6K holds, continuation upwards to $42.6K and potentially $46K is on the tables. pic.twitter.com/l8rACrtbhC
— Michaël van de Poppe (@CryptoMichNL) January 10, 2022
Fantom (FTM) is one to watch
Turning to the altcoins, the analyst says that Fantom price could see another run, off major support levels. He looks at the FTM/BTC pair as indicative of the bullish resilience, noting that 0.0005 BTC makes a good entry point for the coin.
Michael van de Poppe believes FTM, alongside Cosmos (ATOM) and Chainlink (LINK), are some of the altcoins that have shown great strength recently. He says if Bitcoin price “settles”, then FTM would be one of those altcoins to watch.
Once #Bitcoin is done and settles down for a bit, you’d want to jump onto the coins that have been showing strength in the past weeks already.
I’d consider $FTM, $ATOM, $LINK as some of the coins that are showing massive strength recently.
— Michaël van de Poppe (@CryptoMichNL) January 8, 2022
Polygon (MATIC)
The analyst is also keeping tabs on Polygon, another coin that saw a massive run in 2021 but has faced increased pressure since the broader market correction started in December.
Van de Poppe says MATIC has the potential for another bullish break if prices flip above a key resistance zone at $2.15-$2.20.
ENJ and WOO also look decent
As for Enjin Coin (ENJ), the crypto strategist notes that the extended correction has bulls looking at two critical support levels. The first is around $2.20 and the second one could be at the $1.90 area.
He notes that if prices hold above the two anchors, it’s possible for ENJ to see fresh upside momentum.
He says that ENJ has „two massive areas of support,“ zones at which he would „personally want to be seeking for longs.”
Next up is WOO, the native token on the Woo Network. According to van de Poppe, the token’s value is likely to explode if it breaks against Bitcoin. Currently, the WOO/BTC pair is priced at 0.00002214 BTC, with the altcoin 2.4% down against the top crypto in the past 24 hours.
Verasity (VRA) could soon rise to 6800 sats
But the trader points out that the coin has tested a key supply zone multiple times and the potential for a bullish continuation is there if buyers keep hitting higher lows.
The other altcoin on the analyst’s list of potential outperformers in 2022 is Verasity (VRA). The price of the token is down nearly 25% in the past 7 days, which the analyst notes. The VRA/BTC pair is trading around 6300 sats as of writing, above the support zone at 5335-5800 sats.
Van de Poppe says VRA could see a fresh bull wave if it breaks higher above the main resistance around 6800 satoshis.
Request 01 – $VRA
Still trending south, but there are two important support zones that I’ll be watching here.
Currently in the first one.
New bull wave could start it if breaks above 6800 sats. pic.twitter.com/vPEGEl9YTo
— Michaël van de Poppe (@CryptoMichNL) January 9, 2022
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Market highlights January 11: Cryptos mostly lower, rate rise threat unsettles US markets
The crypto market as a whole is bearish today. US markets were mixed yesterday, with the threat of multiple upcoming rate rises causing investors to reposition their portfolios. The tech-heavy NASDAQ100 (+0.14%) was the only major US index to finish in the green yesterday. Investors will be following the testimony of Federal Reserve Chair Jerome Powell, who is set to testify before the Senate Banking Committee.
Top cryptos
The crypto market was mostly lower over the past 24 hours, as the majority of top 10 cryptos were in the red this morning. Bitcoin stood out, registering small gains, and trading above $42,000 at time of writing. Ethereum and Cardano were down around 1%, while XRP registered small losses.
Terra’s LUNA token was not spared the ramifications of the recent crypto bloodbath. However, it’s one of the few top 10 coins that are beginning to recover. Today, it gained 2%, as did Polygon.
Top movers
NEAR is today’s biggest winner in the top 100. Its price is $16.44 with a 24-hour trading volume of just under $1.8 billion. The NEAR token is up 17% in the last 24 hours.
Oasis, a privacy-focused layer 1 blockchain built for open finance and a responsible data economy, gained 10% today. Cosmos added 6% to its value today. IOTA, the only blockchainless blockchain, is another one of the few gainers on this day of crypto market gloom. It has added around 3% to its value in the last 24 hours.
On the losing side, we have Arweave with -8%, Loopring with -7%, and The Graph and SAND, both of which lost 6%. Ravencoin and CELO are also down by 6% each, reversing recent gains.
BORA lost another 5% today and is down to #100 in the coin rankings after losing over a quarter of its value in a week. It risks falling out of the top 100 if the bearish trend continues.
Trending
SpookyShiba, which bills itself as the first „horror genre“ token, is a dog-themed meme coin that added 40% to its value today. Its creators are working on an NFT marketplace, which will be released in early 2022, hence the token’s price surge.
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Top places to buy IOTA, one of the few winners today
IOTA, the only blockchainless blockchain, is one of the few gainers on this day of crypto market gloom. It has added around 3% to its value in the last 24 hours. This guide has everything you need to know about IOTA: what makes it unique, if it’s worth buying, and the top places to buy IOTA now.
Top places to buy IOTA now
eToro
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CAPEX
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What is IOTA?
IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions.
The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.
Because there’s no blockchain, there are no miners, and because there are no miners, there are no fees. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense.
In time, IOTA’s goal is to become the de facto platform for executing transactions between IoT devices. Given how estimates suggest there could be 20.4 billion such devices out there by 2024, this could end up being big business.
The team behind IOTA believe that the potential use cases don’t end here. They believe their distributed ledger could deliver digital identities to all, pave the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products.
Should I buy IOTA today?
IOTA can be an excellent investment, but it could reverse its gains as well. Cryptocurrencies are prone to extreme price swings in both directions. Take all investment advice and price predictions with a grain of salt.
IOTA price prediction
According to redditors, IOTA will start rallying and reach $3 by the middle of this year. Trading Education expects the price of IOTA to reach $2.53 by the end of the year.
Finally, Trading Beasts is the least bullish, predicting IOTA will reach $1.7 in one month. The expected maximum price is $2.44 in 2022.
IOTA on social media
From my point of view nothing speaks against #IOTA at $4 #SOON™
❤️😍💯🔥👀🚀🌎📢🦋💎🌀🧠🍻 pic.twitter.com/j2UfUg85RH— Frank (@2779530283Mi) January 9, 2022
The post Top places to buy IOTA, one of the few winners today appeared first on Coin Journal.
The hottest new dog-themed meme coin? Where to buy SpookyShiba
SpookyShiba is the first „Horror Genre“ token. The dog-themed meme coin added 40% to its value today. Do you want to know more about SpookyShiba, including whether it’s worth investing in? You’re about to find out in this article.
Top places to buy SpookyShiba now
As SPOOKYSHIBA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SPOOKYSHIBA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SPOOKYSHIBA 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 SPOOKYSHIBA
Now that you’re connected, you’ll be able to swap for 100s of coins including SPOOKYSHIBA.
What is SpookyShiba?
The first „Horror Genre“ token is part of a video game project featuring the first „Holder Evolution Technology“, in which holders decide the future of the gaming experience. It was released just before Christmas on Android and iOS devices last year.
The ecosystem also features a scratch card game based on P2E technology that allows holders of SPOOKYSHIBA worth $100 or more to play once every 24 hours. They have the chance to win an NFT (either a legendary, rare, or common one) from the NFT marketplace being developed.
It will be released in early 2022, hence the token’s price surge. The NFT marketplace will have attractive royalty features that encourage holding the token.
Should I buy SpookyShiba today?
Meme coins are particularly volatile and risky. They are hard to use due to a limited number of applications. Invest at your own risk.
SpookyShiba price prediction
Digital Coin Price is bullish on Spooky. They predict its lowest price in the future will be $0.00000000004, and its highest price – $0.00000000005. In one year, the price of 1 SpookyShiba will be around $0.00000000001, twice what it’s worth now.
SpookyShiba on social media
#spookyshiba🔥🔥🔥 heading for a new #ATH pic.twitter.com/yFCEvMC2Yt
— Andrè Tendo Mpiima ATM (@mpiima_andre) January 11, 2022
The post The hottest new dog-themed meme coin? Where to buy SpookyShiba appeared first on Coin Journal.