Schlagwort: crypto business

Every crypto investor is always looking for the next big project. We have seen coins go from zero to 100x. Others like SHIB have had even bigger successes in the last year. Ultimately, as an investor, you want coins that will give you a profit over time or ROI. Here is how you pick such coins:

• Always focus on the long-term picture as opposed to the short-term volatility.

• Buy into projects that are backed by notable names and investors.

• Try and also buy as early as possible to ride the wave.

If you are searching for coins that could deliver good ROIs this year, we have three options that you can check out now.

Celo (CELO)

Celo (CELO) has been one of the more resilient coins in the market. It has gone through difficult periods of course as with many other cryptos. But there is no doubt the good days are ahead. 

Data Source: Tradingview 

What makes this coin so special is the fact that it is way undervalued. The underlying fundamentals are also impeccable. For the long-term investor, CELO has so much value to unlock. At press time, the token was trading at $3.3, gaining over 22% for the day. The coin also has a market cap of $1.2 billion.

NEM (XEM)

NEM (XEM) simply stands for the new economy movement. The project is hoping to provide innovative blockchain solutions to help owners leverage the power of decentralized technology. The project has a market cap of around $884 million, and there is a lot it can still offer.

SXP (SXP)

The SXP (SXP) project hopes to create a bridge between the normal fiat currencies and the blockchain. It has made a lot of investments in its ecosystem as well, and there is a star-studded investor list. The coin is at $669 million in terms of the market cap so more could still come.

The post These 3 coins could offer the best ROI this year – Check them out now appeared first on Coin Journal.

The explosion of play-to-earn games in the blockchain has been spectacular. In 2021, play to earn coins in the market were the fastest growing assets. Although they have lost some of the gains made last year, this subsector remains very promising. Here is why:

• Play to Earn incentivizeS players to play for rewards.

• The integration of NFTs into Play-to-Earn games is bringing a new dimension.

• All major blockchain developers and investors are backing blockchain games.

So, if you missed Axie Infinity, there are still other upcoming blockchain games that could deliver impeccable outcomes. Here they are:

Illuvium (ILV)

Illuvium (ILV) is an immersive RPG adventure game that gives players access to broad landscapes and exciting gameplays. It is built on Ethereum and comes with various levels. There is also NFT integration and staking as well for investors. 

Data Source: Tradingview 

Illuvium is hoping to become a dominant strategy game that will attract millions of daily users. It is still at its initial phase right now too. Its native token ILV is currently trading at $534, up around 5% for the day. The project also has a market cap of under $346 million.

Battle of Guardians (BGS)

Battle of Guardians (BGS) is another real-time and immersive game that has dubbed itself “The future of fighting games”. It has full NFT integration as well and strives to give users a real battle experience all through the game. There is also an expansive gaming universe to keep things fresh. The native token for the game is the BGS, and it is trading at $0.01265 right now.

High Street (HIGH)

High Street (HIGH) has integrated both play to earn and the metaverse. In addition to the immersive games, users can also own various in-game items, including virtual real estate. High Street is actually working to bring big brands into its digital universe. Its native token HIGH was trading at $3 at press time.

The post Is Play to Earn the next big trend in crypto? 3 coins to buy appeared first on Coin Journal.

After surging to new highs in November last year, VVS Finance (VVS) has tanked. The DeFi coin is firmly in the bear market and the volatility in the broader market has only made things worse. But will things start to turn around soon? Probably not but here are some facts to know:

• VVS has fallen 85% from its November highs.

• The coin was trading at $0.00002232, up by around 2% for the day.

• The downtrend will not reverse in the near term unless sentiment in crypto shifts drastically.

Data Source: Tradingview 

VVS Finance (VVS) – what’s next for the coin?

The drop in price for VVS has come fast and sharply. It seems like a long time ago when the token hit all-time highs in November last year. 

Things have really been difficult for VVS investors. In fact, the coin is down nearly 50% since the start of February. Momentum indicators are all pointing downwards. For instance, VVS remains lower than several crucial SMAs and the RSI also suggests a risk of a sell-off. 

There will of course be days where there will be rallies. But in the medium term, we don’t expect a big change in the price. The best thing right now for investors would be to wait until we start seeing some signs of price consolidation. This may trigger a bullish run that could push VVS above important indicators.

Should you buy VVS Finance (VVS)?

VVS actually stands for Very Very Simple finance. The project is simply trying to make blockchain and crypto mainstream. It hopes to offer users a more simplified DeFi protocol where anyone can use crypto.

This is a noble gesture and it could deliver great results. The fact that VVS is at around $230 million in the market cap means that we could yet see more gains in the future.

The post VVS Finance (VVS) remains in a bear market – Can the DeFi token turn around? appeared first on Coin Journal.

• Thorchain is up by over 90% in a month after introducing synthetic assets trading.

• Lending and borrowing are coming soon, further adding fuel to the rally.

• Thorchain rally is also supported by growing bullish momentum in the broader market.

Thorchain (RUNE) is up by 92% this month, and it is not showing signs of slowing down. In the last 24-hours alone, Thorchain is up by over 18%, and the momentum is rising. The rally has been triggered by a series of network upgrades that could trigger even more adoption going into the future.

The latest news regards the launch of synthetic assets trading on RUNE protocol. Rune has the edge over other protocols offering the same services because it is fast and allows traders to swap assets at a pretty low cost.

Thorchain also has ThorFi coming up soon. This is an equally big deal as it will allow traders to buy and lend on Thorchain. This is pretty much in line with the direction that the DeFi is moving, and that’s cross-chain decentralized exchanges that make atomic swaps obsolete. Such a tech breakthrough puts Thorchain in a unique space for growth as DeFi continues to disrupt finance and banking at an accelerated rate.

What next for Thorchain?

Source: TradingView

Since January 2022, Thorchain has been consolidating between $5.11 and $3.51. However, on March 9th, it broke out of this range and with high volumes. Since then, it has been trending up and is currently close to testing $10. If the current trend continues, Thorchain could easily retest its all-time highs of $21 in the short term.

Thorchain’s odds of retesting its all-time highs are enhanced by the fact that the broader market is currently gaining upside momentum. This means cryptos already showing signs of an upside could draw in more investors and rally more than the rest of the market.

Summary

Thorchain (RUNE) is currently in an uptrend, and in just one month, the coin is up by over 90%. Thorchain’s rally is driven by several key upgrades, including introducing synthetic tokens trading. With ThorFi coming up, the odds are that it could rally even further.

The post Why Thorchain could retest all-time highs sooner than most cryptos appeared first on Coin Journal.