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  • JasmyCoin (JASMY/USD) attempts breakout at 50-day MA

    JasmyCoin (JASMY/USD) attempts breakout at 50-day MA

    • JasmyCoin has recovered by double digits in a week

    • The token has hit a descending trendline 

    • JASMY could correct in line with the longer-term bearish momentum

    JasmyCoin (JASMY/USD) saw rising trading volumes on Friday amid a mixed cryptocurrencies trading. The token, ranked lowly at #543 on CoinMarketCap, has witnessed a 13% surge in the past week. The weekly gains now take bulls to an important level that would determine if investors will see further gains.

    JASMY is the native token of the Internet of Things’ Tokyo-based firm Jasmy Corporation. The company enables the buying and selling of data by connecting service providers and users. From the decentralisation perspective, the Jasmy platform allows users complete control of their personal information. This is enabled by enabling IoT through blockchain technology. In short, Jasmy aims to provide a platform where users can freely, easily, and safely move data. 

    JASMY saw increased interest in 2021 at the height of the crypto boom. It has since crashed and trades at just $0.004. The price compares to a high of $0.35 in November 2021 – a significantly depressed price level. With the renewed gains, how far can this token go?

    JASMY meets resistance at the descending trendline

    JASMY Chart by TradingView

    The technical outlook shows that JASMY has met resistance at the descending trendline and 50-day MA. Since August, JASMY has always been rejected at the descending trendline. Although bulls are attempting a break above the 50-day MA, they are under bear pressure. 

    The MACD indicator shows improving momentum for JASMY. Nonetheless, we see that the token has always corrected anytime the MACD has approached the neutral level since August.

    What next for JASMY?

    The bear momentum is in place for JasmyCoin despite the weekly recoveries. To buy the cryptocurrency, wait for the price to break above the descending trendline or the 50-day MA. 

    The bullish expectation could be invalidated if the past price action of the cryptocurrency repeats itself. Bulls should keep off for now until the cryptocurrencies sentiment improves.

    Where to buy JASMY

    KuCoin

    Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

    Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

    Users can benefit from a beginner-friendly interface and relatively low fees.


    Buy JASMY with KuCoin today

    Swapzone

    Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.


    Buy JASMY with Swapzone today

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  • Top tokens at or under $1 you can stake and earn rewards in a bear market

    Top tokens at or under $1 you can stake and earn rewards in a bear market

    With a prolonged bear market, cryptocurrency bulls may face difficulties in generating sustainable profits. But have you ever thought about staking? Staking is when you lock up your digital assets on exchanges to earn interest or reward. Even when the price is low, you can make money through staking. More so, at the low valuations of most tokens, you can get more at a lower price. Here are cryptocurrencies trading at or below $1 you can stake.

    Cardano

    Cardano (ADA/USD) is one of the best tokens to stake under $1. The cryptocurrency trades at $0.3 after a prolonged crypto winter. However, with the recent Vasil upgrade, Cardano is a top contender as one of the best blockchains around. As more entities join the network, Cardano will continue to grow, and the staking feature will become more popular.

    You can effectively stake on Cardano through a staking pool. Staking on centralised exchanges like Binance allows users to lock their digital assets at different time frames. Users can also run their staking pool.

    Where to buy ADA

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy ADA with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy ADA with Bitstamp today

    Tezos

    Trading at just $1, staking on Tezos (XTZ/USD) can generate passive income in a bear market. Tezos is an open-source smart contract protocol. Users can generate new digital assets and dApps on Tezos.

    Staking on Tezos gives the user an annual yield of around 3%, less the validators’ fees. The rate changes depending on varying criteria. After you delegate the tokens to a staking pool, it will take about five weeks to receive the first reward. After that, the rewards are received around every 3 days.

    Where to buy XTZ

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy XTZ with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy XTZ with Binance today

    Algorand

    Algorand is regarded as a Pure Proof of Stake (PPoS) protocol. It uses the Byzantine consensus and adopts a more egalitarian approach compared to the PoS systems. The protocol does not fork, yet it is known for immediate transactions. 

    Algorand’s native token ALGO price is just $0.24, and staking it presents limited restrictions. From as low as one ALGO, you can get started on Algorand. The staking rewards depend on how long you delegate your assets.

    Where to buy ALGO

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy ALGO with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy ALGO with Bitstamp today

    Summary

    In a nutshell, there are numerous cryptocurrencies you can stake at or below $1. The list above is not exhaustive but offers some of the most sound tokens you can start for your staking journey.

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  • BabyDogeSwap PRO will drop tomorrow Perpetuals up To 100x leverage powered by @Apollox_com

    BabyDogeSwap PRO will drop tomorrow Perpetuals up To 100x leverage powered by @Apollox_com

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  • Floki Inu is the Most-Mentioned BNBCHAIN Project on Twitter

    Floki Inu is the Most-Mentioned BNBCHAIN Project on Twitter

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  • A whooping amount of Shiba Inu (SHIB) burned in November.

    A whooping amount of Shiba Inu (SHIB) burned in November.

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  • Dogecoin is the strongest cryptocurrency in the market right now

    Dogecoin is the strongest cryptocurrency in the market right now

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  • BabyDogeCoin is the Most traded highlight Metaverse Project

    BabyDogeCoin is the Most traded highlight Metaverse Project

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  • ApeCoin (APE/USD) hits resistance after a weekly surge

    ApeCoin (APE/USD) hits resistance after a weekly surge

    • ApeCoin has returned 18% in a week.

    • The launch of an NFT marketplace and expected staking feature is boosting the token.

    • Further recoveries will depend on whether a breakout will occur at $4.2.

    ApeCoin (APE/USD) has risen by double digits in the past few days. As of press time, the cryptocurrency was up 18% in a week. APE has now lost an intraday 0.78% as it hit a crucial resistance. The recent launch of an NFT marketplace has been fueling gains alongside an expected staking interface.

    Staking allows users to lock their crypto tokens to a protocol to earn rewards. By staking, users contribute towards the stability of the ecosystem. Beginning December 05, APE staking will go live and pave the way for a pre-deposit. APE holders will start to earn rewards on December 12. The announcement, made on November 23 by Horizen Labs, however, raised criticism over the locking out of users in some territories, including the US. Regulatory concerns were cited as the reason for blocking them.

    Nonetheless, investors could be accumulating APE ahead of the crucial December date. Should this turn out to be a bullish trigger, APE would break out and overcome a prolonged downside. It is still too early to speculate, as we have seen cryptocurrencies reacting ahead of major developments. With that in mind, keeping a tab on the technical side of APE trading would help.

    APE meets resistance and descending trendline

    APE/USD Chart by TradingView

    The long-term technical outlook is bearish for APE. The token’s price is testing the resistance at $4.2, and momentum has weakened slightly. The resistance lies in the same zone as the long-term descending trendline.

    The MACD indicator has turned bullish and shows momentum is building for APE. The RSI is above the midpoint, indicating that the buyers remain in control. 

    Should you buy APE?

    A breakout at $4.2 or the descending trendline would be needed before buying APE. A successful breakout would take the token to $5 and potentially above $6.

    If the breakout fails at $4.2, APE could witness consolidation below the crucial resistance.

    Where to buy APE

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy APE with eToro today

    Nexo

    Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.


    Buy APE with Nexo today

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  • Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains?

    Fantom (FTM/USD) eyes a breakout. Is the token about to post sustainable gains?

    • Fantom token has recovered by 28% in the last seven days

    • Developments around Fantom asset base have boosted the cryptocurrency

    • FTM has hit a descending trendline and could correct 

    Fantom (FTM/USD) trades at $0.24 as of press time, its highest level in nearly a month. The cryptocurrency has risen by 28% in the past week, a robust recovery since it bottomed at $0.17. The gains come amid positive cryptocurrency news.

    The latest FTM gains came as reports suggested that the Fantom Foundation earns consistent profits. According to the financial records dated November 28, Fantom was generating more than $10 million annually. The reports also indicated that Fantom could have about $340 million worth of digital assets. The assets could last 30 years without the foundation having to sell its stash of FTM tokens.

    With many crypto firms and exchanges under a liquidity crunch, the records of Fantom boosted investors’ confidence. Addresses holding Fantom tokens saw a strong increase in November from the smallest to the largest investors. The accumulation suggests that investors anticipate a recovery in the cryptocurrency’s price, which has lost 93% from its ATH. But can buyers sustain the recovery?

    FTM heading to the descending trendline 

    FTM/USD Chart by TradingView

    Technically, the Fantom token has recovered above crucial support at $0.20. The recovery has seen the cryptocurrency move above the moving averages. However, the token remains trapped by a long-term descending trendline. 

    The RSI reading shows that FTM is nearing overbought levels at the descending trendline. A possible correction could occur before buyers have a chance to break the crucial barrier.

    What next for FTM?

    A breakout above the descending trendline will confirm further gains in Fantom token. A breakout will allow buyers to ride to $0.30 next and $0.40.

    On the flip side, FTM will be rejected at the descending trendline. That will allow bears to force a correction back to $0.20. However, with growing FTM accumulation, buyers may crave another chance to break above the descending trendline.

    Where to buy FTM

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy FTM with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy FTM with Binance today

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  • Why Bitcoin (BTC/USD) rose to $17K. Here is the potential price action next

    Why Bitcoin (BTC/USD) rose to $17K. Here is the potential price action next

    • Bitcoin rose on Thursday after Powell’s statement indicated slower rate hikes.

    • BTC price has recovered above the 20-day MA.

    • The long-term momentum is bearish for BTC unless bulls win back the $19,000 level.

    Bitcoin (BTC/USD) saw increased buyer interest on Thursday, rising to over $17,100. The price increase reflected renewed optimism in all markets after a soft statement by the US Fed.

    A Wednesday statement by Fed Chair Jerome Powell showed that the central bank might slow rate hikes. According to Powell, smaller rate increases could be pursued starting in December. The suggestion raised hopes of slower economic tightening, which has been hitting markets. However, Powell still warned that monetary policy could remain restrictive until real progress to contain inflation is made.

    Powell’s statement may boost prices of cryptocurrencies for some time, led by Bitcoin after the FTX-inspired selloff. Nonetheless, DFD Partners President Bilal Little shared insights from the gains. Little says that any time markets undergo periods of distress, they tend to oversell. As markets regain clarity again, the prices look up again. However, the DFD Chief warned that the rally would be hard to sustain.

    According to Little, Bitcoin would likely touch the $12,000 to $13,000 level. He warns of other contagion impacts of the FTX collapse amid liquidity risks grappling crypto firms. As such, Little says many crypto firms may be unable to meet liquidity demands or counter the risk concerns.

    BTC is recovering above the 20-day moving average

    BTC/USD Chart by TradingView

    Technically, BTC bulls are pushing the cryptocurrency above the 20-day moving average ($16,586). The cryptocurrency is breaking above a consolidation zone at $16,000. 

    The RSI is slightly below the midpoint, indicating that demand is catching up with the supply. Still, BTC sellers have the upper hand.

    Should you buy BTC?

    Despite the latest gains, BTC remains largely bearish. The price recovery above the 20-day MA may offer optimism that BTC price may rise in the short term. However, bears may try to exert their influence at the 50-day MA. The $19,000 resistance may also counter the upside.

    Where to buy BTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

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