Analysis
Top 3 gambling tokens to buy on January 13: BETU, FUN and XED
BETU’s trading volume increased by 33% in the last 24 hours. FUNToken is at a solid price point to buy as it has huge potential for growth. XED’s value increased by 9% in the last 24 hours. Betu Verse is a virtual reality platform where players can enjoy interactive games and experiences within the licensed metaverse hotel and casino, where BETU is the cryptocurrency token that powers it. FUNToken is an asset specifically developed for the online gaming and gambling industry and utilizes the Ethereum blockchain alongside a cutting-edge tech slack which makes the FUN token a powerful resource for players. Exeedme is a blockchain-powered tournament platform that lets players of all skill levels monetize their skills. XED is the token that powers this platform, and players can earn XED for en...
AXS, LRC and SAND are tokens worthy of your attention on January 10 and this is why!
Axie Infinity (AXS), Loopring (LRC), and The Sandbox (SAND) are the go-to tokens to buy on January 10. Each of these tokens showcases a huge promise for growth. They are at a solid value point, making them a worthwhile purchase. Axie Infinity is one of the largest cryptocurrency-based play-to-earn games, which has showcased huge growth. AXS is its native cryptocurrency token. Loopring is an open-sourced, audited, and non-custodial exchange protocol powered by the LRC cryptocurrency token. The Sandbox is a virtual world that runs on top of the Ethereum blockchain, which is powered by the SAND cryptocurrency token. SAND is an ERC-20 based token. Should you buy Axie Infinity (AXS)? On January 10, Axie Infinity (AXS) had a value of $69.22. To get a better perspective as to what kind of value p...
These 3 cryptocurrencies are taking an even bigger hit during Bitcoin’s price slump
The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10. BTC/USD weekly price chart. Source: TradingView Nonetheless, the losses suffered by Bitcoin still appear less than that of some of its top crypto rivals’ performances. For instance, Cardano (ADA), the seventh-largest cryptocurrency by market valuation, has dropped by nearly 11% to around $1.15 in the last seven days. Similarly, Ripple (XRP), the eighth-largest by market capitalization, has dipped by around 10% to nearly $0.75 in the same period. Meanwhile, some cryptocurrencies listed among the top 50 digital assets have experienced bigger losses between 15% and 30% in the last week. They i...
Raoul Pal: Bitcoin is charting a path similar to Amazon’s stock
Raoul Pal also suggested that Bitcoin is grossly undervalued and should ideally be around $100,000 Former hedge fund manager Raoul Pal provided an interesting observation in the relation between the historical price action of Amazon and that of Bitcoin since 2013 on Saturday. The Real Vision co-founder and chief executive cited Metcalfe’s Law which positions that the value of a network increases exponentially as the number of users on the network grows. The investment strategist first reviewed Bitcoin’s current price relative to Metcalfe’s Law. He opined that the world’s leading digital asset is highly undervalued. An extrapolation based on the Global Macro Investor’s Metcalfe Model indicated that the crypto should be tied around the $100,000 price point...
Will this time be different? Bitcoin eyes drop to $35K as BTC price paints ‘death cross’
Bitcoin (BTC) formed a trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further losses. In detail, the cryptocurrency’s 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called “death cross.” The pattern appeared as Bitcoin underwent a rough ride in the previous two months, falling over 40% from its record high of $69,000. BTC/USD daily price chart. Source: TradingView Death cross history Previous death crosses were insignificant to Bitcoin over the past two years. For instance, a 50-200-day EMA bearish crossover in March 2020 appeared after the BTC price had fallen from nearly $9,000 to below $4,000, turning out to be lagging than predictive. ...
Here are the most predictable tokens of 2021 – for those who knew where to look
Digital assets’ past performance is never a guarantee of future price movement. There are never two identical situations in the crypto marketplace, so even historically similar patterns of a token’s behavior can be followed by starkly different price action charts. Still, crypto assets’ individual history of price action often rhymes, giving those who can ready this history right a massive edge over other traders. And, importantly, some tokens are much more likely than others to exhibit recurring behavior, which makes their bullish setups more recognizable ahead of time. Cointelegraph Markets Pro, a subscription-based data intelligence platform whose job is to search for regularities in crypto assets’ past trading behavior and alert traders to historically bullish conditions around individ...
The top 3 GameFi tokens you should buy on January 7: AXS, SAND and GALA
Axie Infinity (AXS), The Sandbox (SAND) and Gala (GALA) are the go-to GameFi tokens on December 7. Each of them has had a huge following within the crypto-gaming space. Every token can potentially increase in value throughout January. Axie Infinity (AXS) is a play-to-earn game that is based on top of the Ethereum blockchain, where AXS is its native cryptocurrency token. The Sandbox (SAND) is a virtual metaverse where players can essentially play, build, own as well as monetize their virtual experiences. Gala Games is a platform for blockchain gaming powered by the Ethereum-based token known as GALA. Should you buy Axie Infinity (AXS)? On January 7, Axie Infinity (AXS) had a value of $74.3. To get a better perspective as to what kind of value point this is for the AXS token, we will go over...
Here’s why Ray Dalio considers 1% to 2% allocation to crypto investment ideal
The billionaire investor has his toe in Bitcoin and Ethereum but has in the past declined to disclose how much he has put into them Ray Dalio, the co-chief of investment at hedge fund Bridgewater Associates recently told The Investor’s Podcast Network that he agrees with fellow billionaire Bill Miller’s proposition. In the episode published on January 2, Dalio suggested that investors shift about 1 to 2% of their portfolios into crypto – Bitcoin. The American investor tied his optimism on Bitcoin to the asset’s insusceptibility to hacking, lack of close competition, and satisfying adoption rates that will make its valuation battle gold’s market cap. “Bitcoin now is worth about $1 trillion, whereas gold that is not held by central banks and not used for je...
Top 3 tokens to buy on January 5: EverGrow (EGC), Dogecoin (DOGE) and Polkadot (DOT)
EverGrow (EGC), Dogecoin (DOGE), and Polkadot (DOT) are all at solid price points. Each token has potential for growth throughout January. Each token serves a separate role and, as such, can help diversify your portfolio. EverGrow (EGC) is a cryptocurrency that rewards its holders with BUSD. It is a deflationary token designed to become scarce over time, and all of the holders earn an 8% reward from every buy or sell transaction. Dogecoin (DOGE) started off as a meme-token; however, over time grew into one of the largest tokens in terms of market capitalization and is used as a means for transacting online, tipping creators, or simply buying merchandise on supported platforms. Polkadot (DOT) is software that incentivizes a global network of computers to operate a blockchain, where us...
REN price at risk of 50% drop after a bearish trading pattern shows up
The prospects of Ren (REN) continuing its ongoing rebound to fresh highs appear slim as a classic bearish reversal pattern begins to emerge. Dubbed head and shoulders, the setup appears when the price forms three peaks, with the middle peak (called the head) longer than the other two peaks described as the left and right shoulders. The bottoms of these peaks are supported by a neckline. An illustration of the head and shoulders pattern. Source: Corporate Finance Institute The pattern comes into play primarily when the price breaks below the neckline in a correction that follows the formation of the right shoulder. That prompts traders to open short entries below the neckline, with their ideal target at a length equal to the distance between the head’s high point and the neckline. Wha...
The top 3 Yield Farming tokens worth buying on January 3: AAVE, CAKE and CRV
AAVE’s trading volume increased by 77% in the last 24 hours. CAKE’s trading volume saw an increase of 47% in the last 24 hours. CRV’s value increased by 10%, and its market cap saw an increase of 15% in the last 24 hours. Aave is a decentralized finance protocol that allows users to lend as well as borrow crypto, and its AAVE token allows for yield farming. PancakeSwap is an automated market maker (AMM) as well as a decentralized finance (DeFi) application that lets users exchange tokens, provide liquidity, and engage in yield farming through which they can earn fees in return for doing so through the CAKE token. Curve is a decentralized exchange for stablecoins that leverages an automated market maker (AMM) to manage liquidity. Users of Curve tokens can engage in yield farming. Should you...
Top 3 privacy-oriented tokens to buy on December 29: XMR, ZEC and DCR
Privacy tokens are an essential part of the world of crypto. XMR, ZEC, and DCR all have the potential for growth. These tokens are at affordable price points, making them solid purchases. Monero (XMR) is an open-source, privacy-oriented cryptocurrency originally launched in 2014. Transaction details and the amount of every transaction is anonymous through the process of disguising the addresses used by the participants. Zcash (ZEC) is a privacy-protecting digital currency that allows people to transact safely with low fees. Essentially, Shielded Zcash ensures that transactions remain confidential. Decred (DCR) is a decentralized and autonomous digital currency. Its main goal is to prioritize decentralized governance and decision-making on the blockchain. Should you buy Monero (XMR)? On Dec...
