Schlagwort: crypto business

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Algorand (ALGO) could rally by nearly 25% after a period of price consolidation- Here is why

Algorand (ALGO) looks poised for a bullish breakout. After dropping below the $1 mark, the coin has actually been consolidating there the past few days. It seems like it’s about to break out, especially now that we have seen sentiment in the market get better. Here are some highlights:

  • The $1 mark has proved to be a very strong overhead resistance zone for ALGO but the token has tested it continuously.

  • At the time of writing, ALGO was trading at $0.9793, up by about 6% in the last 24 hours.

  • If indeed the coin is able to break above the $1 mark, then we could see a genuine 25% rally in the days ahead.

Data Source: Tradingview

Algorand (ALGO) – Price analysis and prediction

After falling below the psychologically crucial point of $1, ALGO has actually consolidated well just below that. The coin has retested the $1  threshold a few times but has yet to break free. 

In fact, over the last 11 days, ALGO has largely been slightly off $1, and this suggests that the period of price consolidation is now over. As such, Algorand is poised for a rally. 

If indeed we see a surge past $1, then expect ALGO to add at least 25% in value. But if bear pressure pushes it below weekly resistance of $0.8, more weakness may follow in the near term.

Why Algorand (ALGO) is a good buy

Algorand (ALGO) calls itself a self-sustaining decentralised blockchain that offers an elaborate ecosystem for a huge variety of applications. The network has continued to see major gains since launching in 2019. 

There are millions of transactions here, with more expected to come in the future. As far as the best blockchains go, Algorand is indeed among the top 10. It’s an asset worth having, especially for long-term value investing. 

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Unus Sed Leo (LEO) surges to all-time highs – But bullish momentum still remains

Despite experiencing a lot of volatility over the last week or so, Unus Sed Leo (LEO) has seen a massive uptrend. The breakout in fact took LEO to a new all-time high of $5.21. Although we do expect some pullback in the price, the bullish uptrend still remains strong. Here are some notable highlights:

  • At the time of writing, Unus Sed Leo (LEO) was trading at $5.21, up nearly 30% in 24 hours only.

  • The coin has also been surging over the past 7 days, reporting weekly gains of over 52%.

  • Analysts expect this bullish uptrend to continue over the coming days.

Data Source: Tradingview 

Unus Sed Leo (LEO) – Price prediction and analysis

The recent surge in LEO has surprised many. The token is outperforming the entire market and it seems like more is yet to come. All technical indicators show a very strong bullish trend. 

For example, the token is trading way above its 100-day simple moving average of around $3.5. It has also surged nearly 600% above its 52-week lows and has surged past several key resistance zones in the past few days. 

Although we expect some pullback in the price, the general trend over the coming days will be up and up. The LEO surge comes even as other crypto-assets moves into the green with improved sentiment in the market.

Is Unus Sed Leo (LEO) a good buy?

Unus Sed Leo (LEO) is the main utility token for the iFinex ecosystem. It was launched in 2019 for Bitfinex users, and ever since LEO has seen immense growth. 

The long-term prospects of this coin are definitely positive. For the person who wants to just buy and hold it for a year or thereabout, then you are likely to cash in big in the long run.

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Market highlights February 4: Cosmos is the biggest top 20 gainer

The crypto market was seen higher over the past 24 hours, as all top 20 cryptos were in the green at the time of writing. 

Shares in social media giant Meta Platforms dived by over 26% yesterday as investors reacted strongly to the firm announcing it had fewer people using its platform than before, for the first time ever.

The three top US indices all fell heavily yesterday on the back of a string of poor results from the likes of Meta and PayPal.

US and Canadian markets today may be impacted by job data, such as the US Non-Farm Payroll report, to be released at 13:30 GMT.

Top cryptos

Bitcoin was up more than 2% this morning, while Ethereum jumped more than 5%, bringing the latter’s weekly gains to more than 13%. Solana led the top 10, rising more than 7% since yesterday. 

The biggest gainer in the top 20 is Cosmos. It is trading for $29.24 today and added 12.22% to its value in the last 24 hours.

Top movers

The top 100 coins reflect the trend evident in the top 20. Two of the biggest gainers are Quant and Hedera with 11% each. Quant has been rallying over the past week, having added almost 50% to its value in the last seven days.

Hedera’s price held steady after its deal with Ubisoft. It also jumped after the launch of its EVM smart contracts mainnet. HBAR, its native token, is trading at $0.24, which is about 28% above the lowest level this year.

Its total market cap has improved to about $4.3 billion. Hedera’s bullish trend is likely to continue as bulls target the key resistance at $0.2643.

IOTA, Kusama, and Convex Finance all gained 12%. Convex was one of the weakest performers last week. Bora and Compound also added 11% to their value.   

The only top 100 crypto in the red was Immutable X, which describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days, leading some to wonder whether it’s time to buy the dip. 

Trending

MetaPay is a token for the Metaxion universe. Holders can buy parcels and avatars here with the token and sell them later. They can be converted into MetaPay tokens. 

The Metaxion demo has been released on the website and the full version will be available any moment now, resulting in MetaPay price growth of 540% just today.

A more moderate gainer is Quantstamp, which is trading for $0.098 today, up 34.36% in the last 24 hours.

 

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Top places to buy FORTH, the first ever rebasing cryptocurrency

FORTH is based on a novel premise. The native coin of Ampleforth (AMPL) Governance Token is unique in that the number of AMPL you own can change each day. To learn more about this, look no farther than this short article, which will also tell you where the best places to buy FORTH are.

Top places to buy FORTH now

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

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro 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 ETH 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 Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for FORTH

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

What is FORTH?

FORTH holders can vote on proposed changes to the Ampleforth protocol or delegate their votes to representatives who vote on their behalf. AMPL is a cryptocurrency like Bitcoin, but with a twist: supply changes daily.

The AMPL protocol automatically adjusts supply in response to demand. When price is high, wallet balances increase. When price is low, wallet balances decrease.

AMPL is non-dilutive. Supply adjustments are applied universally and proportionally across every wallet’s balance. This means your percent ownership of the network remains fixed.

According to AMPL, today’s cryptocurrencies are dangerously correlated. AMPL’s unique incentives allow it to decouple from Bitcoin’s price pattern. This reduces systematic risk by adding diversity to a homogeneous ecosystem.  

Should I buy FORTH today?

The token can be a profitable investment thanks to the unique premise it’s built on. However, do explore the market and read at least several price predictions before committing to an investment.

FORTH price prediction

According to Wallet Investor, those looking for virtual currencies with a good return could find FORTH a bad option their current investment may be devalued in the future.

Up to Brain does not agree. According to the experts, the price will go up to $31 by the end of 2023, up from $7.80 at the time of writing. The token is likely to reach $46 by the end of 2024.

FORTH on social media

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Immutable X token IMX shed 4% of its value in 24 hours: is it time to buy the dip?

Immutable X describes itself as the first layer-two scaling solution for NFTs on Ethereum. The token has lost 4% today, but its gains stand at 18% over the past 7 days. Is it time to buy the dip? This short guide gives the answer; you’ll learn more about IMX and the best places to buy IMX now.   

Top places to buy IMX now

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

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro 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 ETH 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 Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for IMX

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

What is IMX?

According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience.

Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

To achieve that, Immutable X is built with STARK zk-rollups, thanks to which users can create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale.

According to Gods Unchained director Chris Clay, Immutable X allows the game to implement a new meta-system that was previously impossible. In this fashion, Immutable X aims to create a world-class experience for users and developers alike.

Should I buy IMX today?

IMX can be a very lucrative investment. However, do explore the market and read at least several price predictions before committing to one. The downturn might continue.  

IMX price prediction

Tech News Leader is very bullish on IMX. They predict it can go up to as much as $7.04 in 1 year, more than twice its current value. IMX will be worth $19.78 in 5 years and $126.83 in 10 years.  

IMX on social media

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