Schlagwort: crypto business

The crypto market is highly volatile. Prices shift very fast and as such, these assets are quite ideal for short-term speculative trades. We must however warn you that short-term plays in crypto are very risky. Nonetheless, here is why this can actually work:

• First, due to the volatility, the price action is so dynamic, giving you chances to enter and exit trades

• Also, fees in crypto are relatively lower, so you don’t spend too much for active short-term trading.

• There are also ways to manage your ultimate risks, including Stop loss and Take profit orders.

With this in mind, the following are two of the best cryptos to buy for short term speculative trading:

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a meme token. This basically means that it’s mostly a speculative asset that has very little intrinsic value. SHIB has been one of the best performing coins in 2021. Even though it is still way off its yearly highs, those who invested in SHIB a year ago are still very profitable. 

Data Source: Tradingview

Like all meme coins, SHIB is prone to wild price swings. For this reason, it’s not the kind of asset you want to be holding for a long time. But these wild price swings can also bring good returns if they swing in your favour.

Dogelon Mars (ELON)

Dogelon Mars (ELON) is also another speculative meme coin. Although ELON has not exploded the way Shiba Inu did, it still shares the same characteristics. As a result, it’s prone to wild volatility and short-term price swings that can make you decent money if you predict them correctly. 

The good thing about ELON is that it has more upside for growth compared to SHIB. But despite this, both these tokens are highly risky, and you should only invest in them if you are aware and comfortable with that risk.

The post The best cryptocurrencies to buy for short term gains appeared first on Coin Journal.

2021 has largely been the year of crypto. The industry has generally reported outstanding growth. But despite this, some projects or coins have just blown everyone else out of the water. Here are some highlights:

• Overal returns in the cryptocurrency have outpaced other asset classes by huge margins  

• Although it may seem like it’s too late to buy into these high growth coins, it’s really not. 

• More growth could still come from the crypto space in 2022 and beyond. 

Well, here are our picks of coins that have performed exemplary this year but still offer enough upside for more growth.

Solana (SOL)

Solana (SOL) has often been dubbed the Ethereum killer. The project is designed to give developers an alternative to Ethereum and has been growing. New projects are launching on Solana, and the network is promising users low fees, better speeds, and overall blockchain efficiency. 

Data source: Tradingview.com 

Solana (SOL) has been the standout performer in 2021, gaining over 12000%. But there is so much to come from this token in the coming years. In fact, some experts believe that SOL will hit $1000 by 2027. At the time of writing, the coin was selling at $175.

Cardano (ADA)

Cardano (ADA) has also been one of the main performers of the year. The coin right now ranks among the top ten cryptos in the world by market cap. At the time of writing, it was trading at around $1.37. ADA has actually lost momentum as we head towards the end of the year. 

After an explosive start into 2021, the coin was well on course towards gains of over 1500%. But the crypto market correction that we saw in November and December has eaten into those gains. As a result, ADA will return around 675%. It’s still a decent return, but more so, it means that the coin could still surge further in the future.

The post These are some of the best performing coins in 2021 – But it’s still not too late to buy appeared first on Coin Journal.

Interest in Layer 1 blockchain projects has been rising by the day, and it’s not hard to see why. These projects are going to be huge in the future, but here are some highlights:

• Layer 1 chains address the scalability problems of blockchain technology.

• They also give users better fees, speeds, and efficiency. 

• Although we have seen an uptick in new Layer-1 blockchain projects, there are a few that have truly stood out. 

Here are our top three picks of the best Layer-1 blockchain projects to buy at the start of 2022.

Polygon (MATIC)

Previously known as the Matic Network, Polygon (MATIC) is a structured Ethereum scaling project designed to bring efficient, low-cost, and fast blockchain infrastructure. 

Data Source: Tradingview.com 

At the time of writing, its native token MATIC was selling at $2.62. Polygon (MATIC) is up 13000% this year, and more could still come from the coin in 2022 as investor sentiment towards Layer-1 blockchains grows.

Ethereum (ETH)

Ethereum (ETH) is the king of Layer -1 blockchains. Yes, the platform has seen stiff competition from other newer options, but it still remains a solid investment simply because of its vast infrastructure. 

Over 4000 projects have launched on the Ethereum network, and besides, ETH is the second largest crypto after Bitcoin. It’s therefore worth it, and at the time of writing, ETH was trading at around $3794. Although it’s a bit lower from its 2021 highs, ETH is still up 405% for the year.

Solana (SOL)

Solana (SOL) is perhaps one of the most promising alternatives to Ethereum. The network is promising better speeds, low costs, and cross-chain interoperability. So, far it has earned a lot of respect and growing support in the crypto space.

Solana is also seeing an uptick in the number of projects launching on the network. This year alone, its native token SOL has grown by a whopping 12000%. At the time of writing, the coin was trading at $176.

The post The best Layer-1 blockchain projects to buy at the start of the year appeared first on Coin Journal.

Swipe (SXP) has been surging in 24-hour intraday trading today. After dipping in December to lows of $1.37, the coin has rebounded sharply. At the time of writing, Swipe (SXP) was trading at around $2.06. This is nearly 52% up from its lows. Swipe (SXP) is also looking poised for a sustained bullish uptrend. Here are some highlights so far:

• The recent surge was triggered by news that Binance was going to acquire the remaining outstanding shares in the project.

• Despite this, Swipe (SXP) was already rallying after consolidating around the $1.37.

• The token is now well above its 20- and 50-day exponential moving averages, suggesting a bullish outlook.

Data Source: Tradingview.com 

Swipe (SXP) – price action and analysis

Swipe (SXP) reported immense interest from investors after the Binance news. Although the price action showed a 30% increase in 24 hours, we also saw a huge uptick in trade volume. In fact, the 24-hour trading volume was up by nearly 1231% at the time of writing. This is an indication of increased buying as investors look to cash in on this bullish run. 

Besides, SXP has now surged past its 20- and 50-day exponential moving averages. It is still however below the 100 and 200 EMAs which could pose some downside risk. But buoyed by the Binance news, STX will rally, and the key will be to cross over its mid-November resistance of $2.9.

Why you should buy Swipe (SXP)

Swipe (SXP) has always been a decent investment because it is backed by very good underlying fundamentals. 

The entrance of Binance, a large ticket investor and perhaps one of the most credible names in crypto means that SXP is poised for better fortunes in the long run. This is the best time to buy into the project and hold the token.

The post Swipe (SXP) is up over 30% today – Here is why you should buy it now appeared first on Coin Journal.