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Solana and other Layer-1 tokens to outperform ETH in 2022: Arcane Research

  • Arcane Research analysts believe one of the strongest crypto narratives over the next twelve months will be the performance of the so-called “ETH killers.”

  • They also predict Bitcoin will outperform the S&P 500 

Crypto research platform Arcane Research says that 2022 will see layer-1 platforms continue to outperform Ethereum, based on analysis of the crypto market and other developments within the crypto space in 2021.

Other than its predictions for layer-1s against Ethereum, the final report of 2021 from the company touched on Bitcoin vs. the S&P 500, DeFi, the NFTs market, the outlook for Cardano and XRP, meme coin mania as exacerbated by the “dog coin wars”, and derivatives.

2022 prediction: Layer-1s to outperform ETH

In a report released on 28 December via the blockchain data analysis and research firm’s The Weekly Update, Solana, Avalanche, Terra Luna, and Fantom are all poised for further gains in the next year, with the native tokens on these standalone smart contract networks continuing to outpace ETH in the market.

The firm says that it expects Solana and the other top-performing layer-1 networks to maintain the upward trend over the next year, with price upsides buoyed by increased usage and capital inflows.

“These networks have thriving and fast-growing ecosystems that continuously drive the price performances of their native tokens,” the firm noted in the report.

A look at the individual returns for some of the smart contract platforms expected to continue outpacing ETH, we see Terra Luna (LUNA) is up 14,823% in 2021, with Fantom (FTM) and Solana (SOL) both seeing a 100x or more in price growth at 13,549% and 10,907% respectively.

While Ethereum’s native coin Ether (ETH) has jumped 460% in 2021 to outpace Bitcoin (BTC) at 73%, smart contract platforms Harmony (ONE) and Avalanche (AVAX) have returned 60 times over the year. Harmony is set to close the year with price gains of more than 6,400% for the year and Avalanche is up over 3,150%.

On Bitcoin vs. S&P 500 and gold

Bitcoin is up around 73% in the year, while the S&P 500 has also edged higher to record closes as it eyes a 28% return for the calendar year. Meanwhile gold, despite being the traditional inflation hedge, has negative returns at -7% in a year the inflation narrative has dominated sentiment.

Arcane Research says that Bitcoin will still beat both the S&P 500 and gold, having done so this year to notch a third straight year of outperformance against the stock market and the safe-haven asset.

But the researchers also note that “Bitcoin has increasingly behaved like a risk-on asset,” rather than the digital gold it’s been tagged to be. 

It means investors might therefore want to watch the stock market performance. Upward momentum for stocks could also see BTC price outperform, while “a red year” for the S&P 500 will see the cryptocurrency underperform, the analysts wrote. 

On altseason, NFTs and metaverse

Although Bitcoin’s run in 2021 has been astonishing, the bespoke research firm says the year pretty much belonged to altcoins. 

They note in their report summarizing the year in crypto that this “has been a flying year for most altcoins,” with capital inflows into the segment contributing to the dip in Bitcoin’s dominance in the first half of the year.

As noted earlier, ETH has outperformed BTC and so have most other altcoins. For example, Binance Coin (BNB) has gained over 1,340% in the year to see it beat both Bitcoin and Ethereum among the top three by market cap.

The firm is also bullish on NFTs and metaverse, noting that the two narratives dominated market engagements in 2021. However, they say that it’s the “NFT craze” that has resulted in spiking gas fees on the Ethereum network, with reactions being increased interest in layer-1 tokens.

The post Solana and other Layer-1 tokens to outperform ETH in 2022: Arcane Research appeared first on Coin Journal.

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Introducing RichQuack, the latest hyper deflationary token: best places to buy RichQuack now

RichQuack is a hyper deflationary token that generates automatic liquidity, which in turn pays out static rewards to holders. It’s a new coin based on an interesting premise. Does it have promise? If you want to know more about it, including whether you should buy RichQuack, you’d be happy to know we wrote this article with you in mind.     

Top places to buy RichQuack now

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

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

What is RichQuack?

RichQuack is a meme token on Binance Smart Chain, which aims to pay out rewards to holders by “frictionless yield generation”. Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holder’s balance. RichQuack is aimed at providing its holders with a chance to make money, by investing, building, holding and winning.

It wants to achieve that by building a community of people with a common goal that are ready to work hard and contribute towards it.

The protocol generates frictionless yield by applying a 12% fee for each transaction. 4% of each transaction is distributed to holders, and another 4% is provided to the QUACK/BNB liquidity pool. 2% goes to pump and burn wallets to create “an ever rising price floor”, and 2% goes to the marketing and developer wallet.

Should I buy RichQuack today?

While cryptos are highly volatile in and of themselves, meme coins are particularly risky to invest in. You can make a lot of money, but you can lose a lot just as easily.    

RichQuack price prediction

Wallet Investor advises against investing in this coin. According to their forecast system, QUACK is a bad long-term (1-year) investment. Its price will not change, which means an investment made now will be devalued in the future.  

RichQuack on social media

The post Introducing RichQuack, the latest hyper deflationary token: best places to buy RichQuack now appeared first on Coin Journal.

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Can SafeMoon (SFM) replicate its 2021 explosive growth next year?

SafeMoon (SFM) was launched as a community-driven DeFi token. Technically a meme coin, the hope was to challenge other high-growth meme coins like Shiba Inu and Dogecoin. SafeMoon exploded. Hitting all-time highs in April. But things have not really been smooth sailing ever since. Check out some highlights below:

  • After hitting all-time highs in April, SafeMoon (SFM) has lost nearly 90% of its value

  • In December alone, the coin has seen a monthly plunge of over 50% albeit it’s repairing some of these losses.

  • Unlike other meme coins, SafeMoon (SFM) is adding more utility, including an Android and iOS version of its SafeMoon wallet.

Data source: Coinmarketcap.com 

SafeMoon (SFM) – price prediction and analysis

The biggest question for most investors right now is whether SafeMoon (SFM) can replicate the explosive growth it showed in 2021. During its peak in April, the coin had in fact managed to deliver an ROI of nearly 45,000% since its inception. Headwinds in the broader crypto market have seen SafeMoon (SFM) plummet from those April highs. 

At the time of writing, the coin was trading at $0.001668, down 7% in intraday trading. It’s very unlikely that we will see any major surge this year. But as SafeMoon continues to add more utility features into its ecosystem, the coin could become much more valuable in the long run.

Should you buy SafeMoon (SFM)?

It is important to note that SFM is still a meme token. Yes, we are seeing more utility features coming into the ecosystem but they are not nearly as valuable as, for example, something like Solana (SOL). 

For this reason, SFM is prone to wide volatility and should be viewed as a short-term speculative asset right now. For investors who want to ride any bullish uptrend in 2022, this is the ideal time to buy SFM. But for long term value, it’s very hard to see any upside.

The post Can SafeMoon (SFM) replicate its 2021 explosive growth next year? appeared first on Coin Journal.

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Can Avalanche (AVAX) surge towards all-time highs of $147?

After a decisive slump in December, Avalanche (AVAX) and most cryptos have rebounded. Although momentum is starting to die down, we have seen some positive uptrend in recent weeks. But can AVAX sustain enough gains to surge beyond the $147 mark? This will take the coin to all-time highs. Well, before we get to the price action and analysis, here are some highlights:

  • Avalanche (AVAX) has in the last two days surpassed its 20-day EMA of $109, suggesting bullish momentum.

  • At the time of writing, the coin was trading for $113.74 albeit it was down about 3.68% in 24-hour intraday trading.

  • The Relative Strength Index or RSI is also looking bullish with a reading of around 57.

Data Source: Tradingview.com 

Avalanche (AVAX) – Price analysis and prediction

For most analysts watching AVAX, one of the key things in the price action was to see if the coin can surge beyond its 20-day EMA and sustain gains above that. Well, AVAX did exactly that two days ago and even though it has seen some losses over the last 24 hours, it is still way above the 20-day EMA. 

AVAX is however facing stiff resistance at $119.69. The coin had earlier tested that threshold but has since fallen. But as long as the price action is above the 20-day EMA, a surge above $119 is possible. It could also be the momentum trigger needed to push AVAX well above $147.

Should you buy Avalanche (AVAX)

Avalanche is one of the main competitors to Ethereum. It is today among the most promising blockchain projects. If you are a long-term investor, you should definitely have AVAX in your portfolio. The recent price action however makes it a tricky one for short-term plays. Unless the coin drops below its 20-day EMA, it is not primed for short-term speculative trades.

The post Can Avalanche (AVAX) surge towards all-time highs of $147? appeared first on Coin Journal.