Schlagwort: blockchain analysis

VeChain (VET) has dropped for the last 4 days in a row in what appears to be a bloodbath. But contrary to what you’d believe, VeChain has actually been more resilient. Although it’s fallen, it has not been as much as other crypto assets. So, what does the road to recovery look like?

• VeChain (VET) will face major resistance at $0.06 as it looks for its next bull run.

• The coin is currently trading at $0.045, down around 3% for the day.

• Any bullish breakout will only come if VET clears $0.06.

Data Source: Tradingview 

VeChain (VET) – Price prediction and analysis

The resilience that VET continues to show has been quite commendable. But despite this, the coin still remains on a bearish long-term trend. However, there are signs that the coin is trying to consolidate. The key will be to watch the $0.06 resistance. 

While VET has tested that price in recent weeks, it has been rejected almost every time. As sentiment in the crypto market improves, VET bulls will target another stab at $0.06. If they are able to pull above it, then we could see a rally that takes the coin well towards $0.08.

This will be nearly 45% higher than the current price. But if VET is rejected again at $0.06, it could slide back down to $0.03 before it tries to consolidate once more.

Why buy VeChain (VET) now?

As noted above, the long-term trend for VET has been bearish. The coin has fallen substantively from its all-time highs and continues to struggle to find any demand. 

But the underlying fundamentals of the VeChain network have always been stellar. Also, the long-term outlook for VET is very positive. The recent downtrend offers investors the chance to buy into the project at a smaller price than they would have under different circumstances.

The post VeChain (VET) faces strong resistance in its road to recovery – How long should you wait? appeared first on Coin Journal.

Ripple (XRP) has had a lot of negative press in recent weeks with the SEC lawsuit. As a result, many investors appeared to be steering away from the coin. But at the start of March, XRP started to gain some momentum. Analysts are looking at a rally above $1, but how feasible is that? Here are some highlights first:

• Ripple (XRP) is winning the SEC suit, and investor confidence is returning.

• The coin has however been rejected strongly at $0.85.

• Any run towards $1 must overcome the $0.85 resistance.

Data Source: Tradingview 

Ripple (XRP) – is $1 realistic?

Well, to be fair, it won’t be the first time Ripple (XRP) surges above $1. The coin is coming out strongly after positive news in the SEC suit. But in previous trading sessions, XRP has been firmly rejected at $0.85. The resistance has in fact proven quite hard for bulls to overcome in recent weeks.

We believe that any rally above $1 can only come if XRP is able to sustain gains above that threshold. At the time of writing this post, the coin was trading at $0.75. Also, surging above $1 will now mean that XRP has risen above its 200-day EMA, which could trigger a decisive bullish run. 

But with a lot of selling pressure and short-term speculative trading right now, it will take a lot of persistence by bulls to edge above the $1 mark.

Are investors buying Ripple (XRP)?

For a long time, we have always known that Ripple (XRP) is a decent asset to buy. But the SEC issue was affecting investor sentiment towards the coin in a big way. 

Now that these issues have started to clear out, it is likely that investors are also returning to XRP. After all, this is a big crypto project with the promise of superb long-term gains. It makes sense to own it as part of your investment strategy.

The post Ripple (XRP) is looking poised to rally towards $1 – How realistic is that? appeared first on Coin Journal.

CitaDAO (KNIGHT), a leading DeFi ecosystem for the real estate industry, has announced plans to list its native token KNIGHT on the MEXC exchange. The listing is expected to increase exposure for the coin in the long run. But should you actually buy it? The analysis is below but first, some notable highlights:

• The KNIGHT listing on MEXC will start on March 16th this year.

• MEXC is one of the biggest exchanges, with over 6 million users.

• KNIGHT is expected to see a decent bump once the listing is done.

Data Source: Tradingview

CitaDAO (KNIGHT) – Tokenomics and fundamentals

The application of blockchain technology into real estate is something that has a lot of potentials. We have seen several projects launch in this niche area, but CitaDAO (KNIGHT) is really stepping up. 

In fact, the project recently launched an app on Genesis called Real Estate On-Chain. The app allows users to stake stablecoins within the real estate protocol which can then be used to invest in real assets. But the listing on MEXC is going to be huge.

As always, when coins are listed in major exchanges, they typically surge. We do not expect CitaDAO (KNIGHT) to be any different. After all, MEXC is a platform that has nearly 6 million users. At press time, CitaDAO (KNIGHT) was trading at $0.04857, virtually unchanged in the last 24 hours. The coin is based on the Ethereum network as well.

Why could CitaDAO (KNIGHT) be a good investment?

Real estate projects within the blockchain ecosystem are starting to heat up. But many experts have argued that DAOs offer the best way to integrate real estate into the decentralized ecosystem. 

CitaDAO (KNIGHT) is likely to keep growing as it gets more exposure through listings. As such, it is a good asset to get right now, especially when you consider it has so much room to grow.

The post Real Estate DeFi Platform CitaDAO To list its token on MEXC – Should you buy? appeared first on Coin Journal.

Astroswap (ASTRO) is reporting gains of around 7% today after the DEX confirmed a brand new partnership with World Mobile, an African-based telecom network that hopes to connect billions of people to the financial sector through blockchain. Here is what we know so far:

• The move is expected to bring more users to the Astrswap ecosystem.

• The partnership will begin rolling out in East Africa before going global.

• At press time, Astroswap (ASTRO) was trading at $0.007762.

Data Source: Coinmarketcap

Astroswap (ASTRO) – What the partnership means?

The future of Astroswap (ASTRO) has always been bright. The platform is striving to become the most versatile and dominant decentralized exchange on Cardano. The goal is to increase the number of tradable assets on its platform but more so, Astroswap (ASTRO) is hoping to expand its reach and bring in more users. 

The partnership with World Mobile is a game-changer for two reasons. First, it will target the African and Middle East regions where access to financial services and crypto investing remains low. The bump in price that we saw shortly after the news was announced is a clear indication that investors are seeing this as hugely positive.

Astroswap (ASTRO) has also been investing in cross-chain support and just recently, it announced integrations with the Velas blockchain. All these factors will be crucial in pushing Astroswap (ASTRO) even further. At the time of writing this post, Astroswap (ASTRO) was trading at $0.007762.

Should you consider Astroswap (ASTRO)?

Astroswap (ASTRO is a fairly small project right now but it has been making all the right moves. It’s a microcap DEX with a market cap of around $3 million. 

Although most DEXs do not often hit billions of dollars in valuations, there is enough upside for ASTRO to grow 20x or even 50x. The fact that it already offers cross-chain support between Velas and Cardano shows how serious the project is.

The post Astroswap (ASTRO) gains nearly 7% after announcing a new partnership with World Mobile appeared first on Coin Journal.

GameFI has emerged as one of the hottest trends in crypto, and for good reasons. These assets are incredibly growing fast, and investors are trying to take advantage of this growth the best way possible. So, why is GameFI the next big thing:

• It’s a new industry with loads of potential to grow.

• Projects like Axie infinity are already showing GameFI can deliver a lot of value.

• There is increased institutional money flowing into GameFi.

For folks who would love to own some GameFI crypto projects, there are some options to consider. Here is our list:

Verasity (VRA)

Verasity (VRA) is a video-sharing platform that allows creators to earn attribution and revenue from their videos. Now, you will notice that Verasity is not actually a gaming token. However, in recent years, in-game videos have been getting a lot of love on Verasity. 

Data Source: Tradingview 

This could potentially be the next frontier of decentralized publishing for gaming videos. This includes things like Esports and such. At press time, VRA was trading at $0.02029.

My Neighbor Alice (ALICE)

This multiplayer blockchain game is designed to rival the likes of Axie Infinity. It offers NFT based rewards for players and a staking token for investors to earn rewards. 

My Neighbor Alice (ALICE) also has a dedicated NFT marketplace where in-game items can be bought and sold. The NFTs can also be sold in other blockchain networks. At press time, the token was selling at $5.95 with a market cap of $182 million.

Crabada (CRA)

Built on the Avalanche network, Crabada (CRA) is a play-to-earn game that works more or less like My Neighbor Alice. There are however more in-game features. Also, Crabada is working to provide cross-chain support in the future and has a dedicated NFT marketplace as well. The token is right now trading at $0.8777.

The post Looking to make big bucks in GameFi? Check out these 3 coins appeared first on Coin Journal.