Schlagwort: crypto business

• FLOW is up by more than 8% today, outperforming the other coins and tokens in the top 100 list.

• The broader crypto market has recovered from its poor performance this week.

• Bitcoin and Ether are trading in the red zone.

FLOW outperforms the other major cryptocurrencies

FLOW, the native coin of the Flow blockchain, emerged as the best performer amongst the top 100 cryptocurrencies by market cap on Tuesday. The coin has added more than 8% to its value today and could rally higher soon. 

At press time, the price of FLOW stands at $0.7193. There is no catalyst behind FLOW’s ongoing positive performance.

The surge comes as the broader crypto market recovers from its earlier slump. The total cryptocurrency market cap stands above $805 billion, up by less than 1% in the last 24 hours.

While FLOW is rallying, some of the major cryptocurrencies are outperforming. Bitcoin is down by less than 1% today and could record further losses in the coming hours. The price of Bitcoin currently stands at $16.735. Meanwhile, ETH has also lost less than 1% of its value and is now trading at $1,215 per coin. 

Key levels to watch

The FLOW/USD 4-hour chart has just turned bullish, as FLOW has been performing well in the last 24 hours. The technical indicators show that FLOW could rally higher soon.

The 14-day relative strength index of 75 shows that FLOW could be heading toward the overbought region if the rally continues. 

The MACD line crossed into the positive zone a few hours ago, indicating that the bulls are now in charge. With a more bullish move, FLOW could surge past the first major resistance level at $0.874 before the end of the day.

With the support of the broader cryptocurrency market, FLOW could cross the $1 psychological level for the first time since December 11. 

Where to buy FLOW now

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy FLOW with OKX today Disclaimer

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy FLOW with Binance today

The post FLOW leads the charge as broader crypto market experiences mixed performances appeared first on CoinJournal.

• Solana is the best performer amongst the top 20 cryptocurrencies by market cap today.

• SOL is trading above $10 again after rallying more than 7% in the last 24 hours.

• The total cryptocurrency market cap remains above $800 billion.

SOL soars past the $10 resistance level

SOL, the native token of the Solana ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap today. The coin has added more than 7% to its value, allowing it to surpass a crucial resistance level. 

At press time, the price of Solana stands at $11.89, up by more than 7% in the last 24 hours. There is no catalyst behind SOL’s ongoing positive performance.

The broader crypto market is trading in the green zone, but several of the leading coins and tokens are recording losses. The total crypto market cap stands at $808 billion, up by less than 1% today.

Bitcoin, the world’s leading cryptocurrency by market cap, is trading in the red zone. It has lost less than 1% today, and the price of Bitcoin currently stands at $16.735. 

Key levels to watch

The SOL/USD 4-hour chart has turned bullish, as Solana has been performing well over the last few days. The technical indicators show that Solana has been outperforming the broader market since the start of the week.

The MACD line crossed into the positive zone earlier this week, indicating that the bulls are now in control of the Solana market. With the support of the broader market, the line could enter deeper into the positive region.

The 14-day RSI of 76 shows that SOL could be heading into the overbought region if the rally continues.

If the bulls remain in charge, SOL could surge past the first major resistance level at $13.09 before the end of the day. However, unless SOL gains support from the broader crypto market, it would find it hard to move past the second major resistance level at $14.90 in the near term.

Where to buy Solana now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy SOL with eToro today Disclaimer

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy SOL with OKX today Disclaimer

The post Solana jumps by 7% to surpass the $11 resistance mark: Should you buy? appeared first on CoinJournal.

• Kava price has crashed by more than 94% from its all-time high.

• The total value locked (TVL) in its DeFi ecosystem has crashed to $197M.

KAVA price has been in a strong bearish trend in the past few months as demand for the token eased. The token crashed to a low of $0.5165 on Tuesday, which was about 94% from its highest level in September 2021. Its market cap has crashed to about $224 million, which was lower than its all-time high of more than $1 billion.

Kava total value locked has crashed

Kava is a blockchain project that is relatively unique from other popular platforms like Cardano and Aptos. It is a dual platform that combines features found in Ethereum and Cosmos. Ethereum, the biggest smart contract project in the world, is known for its stability and power. Cosmos, on the other hand, is significantly faster and has additional features than other blockchains.

Kava has seen remarkable developer interest in the past few months. This interest is partly because of its $750 million developer incentive fund. People who deploy on Kava receive developer incentives worth millions of dollars. 

Kava has over 100 projects, mostly in the DeFi industry. Recently, however, activity in the network has been in a downward trend. The total value locked (TVL) in its ecosystem has plunged to about $197 million from its all-time high of almost $700 million. 

Most applications in its ecosystem have lost money in the past few months. Some of the most dominant players in its ecosystem are Kava Mint, Kava Lend, Kava Earn, Kava Liquid, Kava Swap, and Kava Boost have struggled to attract inflows. Kava Mint, which has a TVL of over $84 million and a market dominance of 43%. The most recent high-profile platform in its ecosystem was Curve. 

It is unclear why KAVA price has risen by more than 12% on Tuesday. A possible reason is that the developers are about to make a major announcement on the ecosystem.

Kava price prediction

KAVA chart by TradingView

The daily chart shows that Kava price has been in a strong bearish trend in the past few months. As it crashed, the coin managed to move below the important support level at $0.80, which was the lowest level on November 9. It has also moved below the 25-day and 50-day moving averages while the MACD remains below the neutral point. 

Therefore, the downward trend will likely continue falling as sellers target the next key support level at $0.500. A move above the resistance point at $0.70 will invalidate the bearish view.

How to buy Kava

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy KAVA with Binance today

Wazirx

WazirX is India’s largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of the binance group, serving users in 180 countries.

Buy KAVA with Wazirx today

The post Kava price has staged a comeback but risks remain appeared first on CoinJournal.