Schlagwort: crypto business

Uniswap (UNI) has reported gains over the last three days in a row. This decent momentum has coincided with improved performance in the general market. It seems though like UNI still has enough momentum to go in the coming days. Here is what you need to know:

• At press time, UNI was trading at $8.77, up around 5% in the last 24 hours.

• The coin is expected to regain its crucial $9.4 support zone in the days ahead.

• If this happens, UNI could go on a decent bull run with gains of at least 30%.

Data Source: Tradingview 

Uniswap (UNI) – Where the price could go

Over the last week, UNI has been trading between a very important range. While the coin has managed to stay above the $8.13 support, it has failed to overcome $9.4. In fact, UNI has been rejected at $9.4 several times. 

But the recent momentum could provide the much-needed run that finally converts $9.4 from resistance to support. After all, the coin has had three days of continuous gains. At press time, it was already up 5% for the last 24 hours. 

If bulls can regain the $9.4 resistance and manage to consolidate there by the end of the week, then UNI could trigger a bullish run that delivers at least 30% in gains. But if the coin falls below the current resistance of $8.13, this prediction will be voided.

Why buy Uniswap (UNI) today

Uniswap (UNI) is the main decentralized exchange of the Ethereum network. It is one of the biggest projects also in the DEX space with a market cap of nearly $6 billion. 

But more could still come from UNI. In fact, it was just the other day the coin was testing $20. It’s possible that it could return to those lofty heights in the medium term.

The post Uniswap (UNI) shows strength in recent days – Here is why it could regain crucial support appeared first on Coin Journal.

Alchemy Pay (ACH) appears to have entered an important consolidation phase. The coin has moved largely sideways after coming under pressure in the past two weeks. But despite this, ACH still remains in a bearish trend, and it will take something special to break this. Here are some facts:

• ACH has been bouncing off a very wide range, indicating wild volatility.

• The coin is over 77% lower than its 2021 all-time highs

• It remains below the crucial 25-day SMA, suggesting more weakness.

Data Source: Tradingview 

Alchemy Pay (ACH) – when will the downtrend break?

It’s very hard to say right now when or how ACH will break this downtrend. After all, there are just too many risk factors. The threat of inflation, global economic fallout due to rising energy prices, and the war in Europe are some of the factors weighing down sentiment. 

We expect the coin to continue dropping before it bottoms at its $0.032 support. After that, bulls can try to find any demand. At the time of writing, ACH was selling at $0.039. There is therefore still a long way to go before we reach the bottom. 

We do not expect ACH to reclaim its all-time highs anytime soon as well. The coin will still remain volatile and could be perfect for short-term plays. As of now, ACH has a market cap of around $160 million and trade volume remains very low.

Is Alchemy Pay (ACH) sustainable?

Crypto-based payments are going to become huge in the near future. There are a ton of companies out there that are investing heavily in these projects and as such, Alchemy Pay (ACH) will get a lot of competition. 

But this should not worry any investor. ACH has already established itself within both the centralised and decentralised payment ecosystem. It surely has so much potential for the future.

The post Alchemy Pay (ACH) remains in a bearish trend despite recent consolidation appeared first on Coin Journal.

Besides bullish momentum in the broader market, BAT fundamentals are strong.

• Basic Attention Token is in a breakout, and buying Volumes are rising.

• BAT is one of the fundamentally strongest cryptocurrencies in the market, a factor that favors its odds of sustaining the current rally.

• BAT powers the brave browser, and with privacy taking center stage on the internet, Brave Browser adoption is growing.

Basic Attention Token (BAT) is one of the cryptos with an actual use case. It is among the few that even a layman can understand what it means and how it works by a quick glance at it. This is a big deal because it means that with crypto adoption on a growth trajectory, such cryptos stand to draw in the most volumes once the markets turn bullish again.

The Basic Attention Token is the token that runs the Brave Browser ecosystem. Brave is a privacy-focused browser that uses its high search speeds as a selling point. Unlike other browsers that make money by selling user data, advertisers pay users for their attention when using Brave. Anyone who takes time to view adverts on the Brave Browser gets paid in BAT tokens. 

Essentially, the more people use Brave, the more BAT tokens are used, which is a plus in demand and long-term value growth. The best part is that Brave Browser adoption is on a growth trajectory. So far, more than 4 million people use Brave, and the numbers are growing. This has a lot to do with its privacy features. Privacy is increasingly becoming a big deal to many people, meaning BAT has a lot of room for growth, especially if the markets turn bullish again.

Basic Attention Token breaks out after weeks of consolidation.

Source: TradingView

For the last couple of weeks, BAT has consolidated between $0.635 and $0.755. However, in the past 24-hours, BAT has broken out of this range and with high volumes. If the market sustains the current upside momentum, BAT could easily break the $1 mark in the short term.

Summary 

BAT is in a breakout, a move that was triggered a bullish breakout in the broader market. However, while the current price move is mainly speculative, BAT has the fundamentals to sustain a rally and make new highs in the long run.

The post Basic Attention Token could test $1 in the short term appeared first on Coin Journal.