Analysis
The best Ethereum ecosystem tokens worth buying on December 28: Polygon (MATIC), Chainlink (LINK) and Axie Infinity (AXS)
MATIC, LINK, and AXS are the go-to tokens for December 28. Chainlink’s trading volume increased by 17% in the last 24 hours. AXS saw an increase in trading volume by 36% in the last 24 hours. Polygon is a protocol as well as a framework used for building and connecting blockchain networks that are Ethereum-compatible. Chainlink is a decentralized blockchain oracle network that is built on and runs on top of Ethereum. Axie Infinity is an NFT-based online video game that uses Ethereum-based cryptocurrencies. Should you buy Polygon (MATIC)? On December 28, Polygon (MATIC) had a value of $2.641. To get a better perspective as to what kind of value point this is for the token, we will go over its all-time high-value point as well as its performance last month. The all-time high value of the MAT...
Beware of sophisticated scams and rug pulls, as thugs target crypto users
This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the holidays around the corner, financial services provider MagnifyMoney also found that nearly two-thirds of surveyed Americans hope to receive cryptocurrency as a gift this year. While crypto’s growth is notable, there has also been an increase in the number of scams associated with digital assets. A Chainalysis blog post highlighting the company’s “2022 Crypto Crime Report” revealed that scams were the dominant form of cryptocurrency-based crimes by transaction volume this year. The post notes that over $7.7 billion ...
The best gambling tokens worth your attention on December 24: FUN, XED, and BETU
FUNToken (FUN) saw an increase in value by 5% in the last 24 hours. Exeedme (XED) saw an increase in trading volume by 176% in the last 24 hours. BetU (BETU) saw an increase in its value by 3% in the last 24 hours. FUNToken (FUN) is an asset developed specifically for usage in online gambling and gaming. It uses the Ethereum blockchain and is a powerful resource used by players, platforms, and developers. Exeedme (XED) is a blockchain-powered tournament platform where players can monetize their skills and earn money from their bets. BetU (BETU) is a sport, esports as well as a crypto betting platform that is secured through smart contracts. Should you buy FUNToken (FUN)? On December 24, FUNToken (FUN) had a value of $0.01125. To get a better perspective as to what kind of value point this ...
The Top 3 Alternatives to Ethereum that you can buy on December 22: DOT, ZEC, and LINK.
Polkadot (DOT) saw an increase in value of 7.40% in the last 24 hours. Zcash (ZEC) saw an increase in its market cap by 3% in the last 24 hours. Chainlink (LINK) has huge potential for growth. Polkadot (DOT) is an open-source blockchain platform designed to operate two types of blockchains, the main network known as the relay chain and parachains which are user-created networks. Zcash (ZEC) is a privacy-oriented digital currency that uses cryptography to provide an enhanced level of privacy to users. Chainlink (LINK) is an open-source technology that is developed by a large community of developers, researchers, and users. Should you buy Polkadot (DOT)? On December 22, Polkadot (DOT) had a value of $26.76. To see what kind of value point this is for the token, we will go over its all-...
Top 3 Solana projects worth your attention on December 20: LINK, WAVES, and AUDIO
Chainlink, Waves, and Audius are the go-to projects to keep an eye on. LINK, WAVES, and AUDIOS are at a solid buy point. Each of them has the potential to reach a higher value point by the end of December. Chainlink is an Oracle protocol specifically used for trading binary options that are capable of price updates every 400ms through Solana’s architecture. Its price feeds went live on Solana due to its high performance as well as its low-cost blockchain network. Waves is an agnostic interchain DeFi ecosystem that was integrated with Solana, which enabled it to work in conjunction with other integrated chains, oracle systems, and data providers. Audius is a music streaming as well as sharing platform that aims to provide power back to the hands of the content creator and is a part of...
Tom Lee reiterates his bullish stance on the global stock market and prediction of BTC hitting $100K
The Fundstrat Global Advisors co-founder and head of research Tom Lee have maintained his bullish outlook about the crypto market and his Bitcoin prediction of hitting $100K. The Wall Street strategist affirmed that the global market was in an “everything rally” and the value of investment vehicles is expected to rise because of favorable economic conditions. Lee had predicted that Bitcoin would reach $100K before the year-end. And while speaking to CNBC this week, he reiterated his prediction was still intact besides his outlook for the stock markets. Global Stock market Lee cited the Federal Reserve Bank approach as the bullish driver for the global stock market. According to the analyst, FED’s confirmation that the interest rates would remain unchanged despite the risk that the COVID-19...
Retail investors are buying Bitcoin while whales are selling says Ecoinometrics
As Bitcoin (BTC) price struggles to retake $50K, the number of Bitcoin addresses holding less than 1BTC has been increasing. Since hitting an all-time high above $69K, Bitcoin has seen a drastic drop that has sent it struggling below $50,000. On December 4, BTC dropped to its three-month low of $42,333 rising fears that the coin could drop below $40K. Addresses with less than 1BTC responsible for the current BTC price Data obtained by crypto-focused newsletter Ecoinometrics after evaluating the change in Bitcoin amounts across small and rich wallet groups shows that the bounce back from $42K to the current price is being attributed to the increased buying activity among the addresses holding less than 1BTC. The addresses holding 1000BTC to 10,000BTC are said to have done very little in sup...
Enter the world of Internet-of-Things with these 3 top tokens worth buying on December 16: VET, HNT and IOTX
VET saw an increase in its trading volume by 43% in the last 24 hours. HNT’s value increased by 20% in the last 24 hours. IOTX is at a solid price point with huge potential for growth. VeChain is an enterprise-blockchain platform that enables transactions between the Internet of Things (IoT) enabled devices. Helium is a blockchain-based network that was developed to enable communication between IoT devices. IoTeX is a decentralized network for users, developers, and businesses, and the IOTX token is the utility token that powers the platform. It connects IoT devices with decentralized applications (dApps). Should you buy VeChain (VET)? On December 16, VeChain (VET) had a value of $0.085819. To see what this value point means for the token, we will go over its all-time high value as well as...
The best metaverse tokens you should buy on December 15: SAND, MANA, and ENJ.
SAND, MANA, and ENJ are all metaverse-related tokens that have seen similar performance historically. They are the go-to tokens when it comes to metaverse developments, as they have the most active projects. At their current price points, each token is worth taking a look at. The Sandbox is a blockchain-based virtual world where players are given the opportunity to create, build, buy or sell digital assets. SAND is its native cryptocurrency token. Decentraland is a virtual reality platform built on the Ethereum blockchain where users can create, experience, and monetize content. MANA is its native cryptocurrency token. Enjin Coin is an ecosystem of interconnected, blockchain-based worlds. ENJ is its native cryptocurrency token. Should you buy The Sandbox (SAND)? On December 15, The Sandbox...
Host of popular cryptocurrency trading YouTube series “Coin Bureau” says Polygon (MATIC) could triple in this cycle
Polygon (MATIC) has seen large swings in 2021. It started the year on a monster bull run that took it to $2.4544 in March. It then nose-dived to $0.6901 in July and then started another that it has maintained to date amid several small pullbacks. During the same period, Polygon has also made several milestones including the recent acquisition of the zero-knowledge (ZK) protocol developer, Mir, for $400 million. The acquisition is expected to add to Polygon’s strengths as it seeks to aggregate various Ethereum-based blockchains and allow them to communicate with one other. To that end, Guy, the host of the highly popular cryptocurrency trading YouTube series “Coin Bureau,” said that the price of Polygon (MATIC) could double or triple in the course of the current cycle depending on how well ...
Top 3 storage tokens to buy on December 14: FIL, BTT, and AR
In the last 24 hours, FIL’s trading volume increased by 45%. BitTorrent has huge potential for growth at its current value point. Arweave’s trading volume increased by 91% in the last 24 hours. Filecoin (FIL) is a token used to pay for data storage, data retrieval as well as any other transactions that occur on the Filecoin network. BitTorrent (BTT) is used as the native cryptocurrency within the network, which allows users to access specific features. BTT is a TRC-10 utility token that powers the most popular decentralized protocols and applications. Arweave (AR) is a decentralized data storage protocol that allows users to store documents and applications. AR is the native token that is used to incentivize miners to keep copies of data and pay for the transaction fees. Should you b...
Top 3 Avalanche ecosystem tokens to buy on December 13: AVAX, LINK, and TIME
AVAX saw an increase in trading volume by 32% in the last 24 hours. LINK saw an increase in trading volume by 8% in the last 24 hours. TIME has the potential for solid growth. Avalanche is a layer-one blockchain designed to be a platform for decentralized applications and custom blockchain networks, where AVAX is its native token. Chainlink integrated with Avalanche to supercharge decentralized finance (DeFi) development, where LINK is its native token. Wonderland is the first decentralized reserve currency protocol available on the Avalanche Network, where TIME is its native token. Should you buy Avalanche (AVAX)? On December 13, Avalanche (AVAX) had a value of $83.6. To get a better perspective as to what kind of value point this is for the token, we will go over its all-time high value ...
