Schlagwort: crypto business

DeFi projects are becoming central in the growth of the blockchain space over the last few years. There are also brand new DeFi projects that are coming out each day, each offering a promise of great financial autonomy from traditional finance. Here is why DeFi is heating up:

• There is massive investor confidence around DeFi right now.

• Billions of dollars are already locked in leading DeFi projects.

• DeFi projects provide a lot of utility hence a lot of value for investors

If you have been thinking about getting some exposure to DeFi, we have some exciting projects here below that you can get into if you want.

Compound (COMP)

Compound (COMP) is a decentralised finance protocol that provides access to a series of staking opportunities for crypto holders. The purpose of this protocol is to make it easier for users to borrow and lend crypto assets on a peer-to-peer basis. 

Data Source: Tradingview 

The Compound protocol and its native token COMP are all based on the Ethereum network. This is one of the hottest DeFi projects on the chain, and at the time of writing, COMP was trading at $108 with a market cap of around $709 million.

Liquity (LQTY)

Liquity (LQTY) strives to offer interest-free borrowing on the Ethereum blockchain as well. As of now, the platform has seen immense growth with nearly $1.2 billion in total value locked or TVL. The token also appears to have significant upside potential. At press time, it had a market cap of around $35 million. Also, its native token LQTY was trading at $2.15.

Cream Finance (CREAM)

Cream Finance (CREAM) is also a micro-cap DeFi project that offers massive growth potential. It has a market cap of around $22 million, and its native token CREAM is right now selling for around $33.88. Cream Finance is basically a decentralised DeFi lending protocol that allows users to lend and borrow crypto at ease.

The post DeFi Watchlist: Top rated upcoming DeFi projects worth your consideration appeared first on Coin Journal.

It is safe to say that Basic Attention Token (BAT) has been nose-diving for the best part of three months now. In fact, the general trend on this coin which is associated with the Brave Browser has been downwards. Sadly, the signs show that this bearish move will remain for longer. Here are some highlights:

• BAT is trading 60% lower from its all-time highs in November.
• The coin was trading at $0.71 at press time, virtually the same compared to a day ago.
• BAT also remains lower from its 50- and 200-day moving averages.

Data Source: Tradingview 

Basic Attention Token (BAT) – Why the bearish trend will remain?

There are both technical and fundamental factors that make BAT bearish at the moment. Starting with the fundamentals, it is clear that overall sentiment in the crypto market has slowed.

After a surge at the start of the month, most investors are holding back their capital as they watch events in Eastern Europe and tightening monetary policy in the United States. As for technical factors, the price action for BAT has generally moved downwards.

In fact, after hitting all-time highs in November 2021, the coin has lost nearly 60% of the market cap. It is also trading way lower compared to both its 200- and 50-day simple moving average. Also, a look at the Relative Strength Index suggests that BAT is yet to reach the “Oversold” threshold. As such, more weakness could still come.

Can investors buy Basic Attention Token (BAT) now?

The answer is yes. In general, the dip offers probably the most decent chance to enter into BAT. However, since it is projected that the token could in fact fall even further, you can still be patient. Watch for $0.5 in the coming days. That should be a good entry point for the long- and short-term investments.

The post Basic Attention Token (BAT) price prediction & why it continues to decline appeared first on Coin Journal.

The general mood in the crypto market had started to change at the start of February. But increased geopolitical factors appear to be weighing down on sentiment right now. Despite this, the medium-term outlook for Internet Computer (ICP) is still bullish, and you will see why below. First, some highlights.

• ICP is currently trading at around $18, up less than %1 in 24 hours.

• Medium-term estimates suggest that the coin could hit $100.

• However, there is a lot of systemic risks in the market right now.

Data Source: Tradingview

Internet Computer (ICP)

It is worth noting that Internet Computer (ICP) is a fairly new project, having launched in May 2021. But there was actually a lot of hype around it. In fact, ICP got immediate Coinbase and Binance listings. At one point during that craze, it traded for nearly $400.

But of course, hype eventually dies out, and as you would expect, ICP has crashed massively. It was trading at around $18.90 at press time. So, where does ICP actually go from here? 

Well, the $100 mark is not as far-fetched as it sounds. After all, it was not long ago that ICP hit highs of $87 in 2021. Also, the $18 mark appears to be the lowest we have seen with ICP. There is a chance that once sentiment in the market improves, we will see a surge in the price action.

Who should buy Internet Computer (ICP)?

Internet Computer is a highly scalable general-purpose blockchain that hopes to be the go-to ecosystem for Web3 apps. It’s not even a year old and has the potential of blowing into another Ethereum. 

So, if you are keen on buying smart contract alternatives to ETH, then you will find ICP quite decent. Besides, the fundamentals and the long-term outlook of this project are just incredible.

The post Internet Computer (ICP) medium-term outlook – is $100 by 2025 even possible? appeared first on Coin Journal.