There are a lot of ways to make money in the crypto industry. While buying crypto assets and holding them for capital appreciation is the most common, it is actually possible to earn very good annual yields with staking and yield farming. Here is why yield farming makes sense:
It helps to preserve your capital for a longer time.
You can earn yields while your crypto assets appreciate in value.
Yield farming is available in almost all blockchains out there.
With that said, if you are trying to find some decent opportunities for yield farming, we have a list here below that can be perfect for this:
Uniswap (UNI)
Uniswap (UNI) is the biggest decentralized exchange on the Ethereum chain. It requires a lot of liquidity and as such, users can stake their crypto assets and earn yields from these liquidity pools.
Data Source: Tradingview
The great thing about Uniswap is that it offers the best returns of any staking and yield farming program. We are talking about annual yields of between 20 and 50%.
PancakeSwap (CAKE)
PancakeSwap (CAKE) has also been doing a very good job of offering decentralized exchange services using liquidity pools. It’s more or less like Uniswap. But its yields are just crazy. Users can earn between 8% to as high as 250% for staked assets. The range is huge no doubt but even 8% a year is not that bad.
Cranos (CRO)
Cranos (CRO) was formerly known as Crypto.com. It is one of the main crypto exchange platforms in the world, with trade volumes in the billions of dollars. The change to Cranos however reflects the direction that Crypto.com wants to take.
In a nutshell, the goal is to bring more DeFi features into its ecosystem. But in case you would want to make a decent and long-term income here, the staking and yield farming program is quite impressive. Users can earn up to 15% in yields each year.
It seems like the crypto market is starting to find its legs again. After ups and downs over the last three months, we have seen sustained periods of consolidation. Positive investor sentiment is starting to come back. So, here is what to expect:
A lot of coins are likely to go on decent bull runs
Pullbacks will come of course, but the general trend will be up.
Risks however still remain, including high inflation and conflict in Europe.
For investors looking for bullish cryptos, there are a lot to choose from. But we decided to pick out three of the best.
Ripple (XRP)
Ripple (XRP) has had its issues this year. The coin was in the middle of a big lawsuit with the Securities and Exchange Commission or SEC. Because of this uncertainty, a lot of investors were staying away from XRP.
Data Source: Tradingview
The coin has therefore remained highly undervalued but in the last few weeks, it seems like the SEC case is now starting to go away. XRP has therefore remained bullish and could surge very strongly in the near and medium-term. In fact, we are likely to see the unlocked potential of XRP come to the fold.
ThorChain (RUNE)
A lot of positive ecosystem news has been coming out of Thorchain (RUNE) over the last week or so. The coin has also managed to snap out of the February downtrend and is gaining quite a lot. In fact, RUNE is up 20% in the last 7 days. The trend will continue in the near and long term.
Convex Finance (CVX)
Convex Finance (CVX) is one of the most promising DeFi projects in the market. The project is actually up by around 30% for the week. As the DeFi revolution continues to expand, coins like CVX are likely to get more demand. This will eventually push the price action higher and higher.
Metaverse and gaming tokens have not had an easy March. The tokens have lost massively from 2022 highs. But it seems the month could end on a high. Axie Infinity (AXS), one of the leading gaming and metaverse tokens in the world, has been surging in recent days. Here are some details:
AXS has gained over 20% over the last 24 hours or so.
The move came after the game’s developer announced new changes on governance.
The surge pushed AXS to a new two-month high.
Data Source: Tradingview
Axie Infinity (AXS) – The outlook
The long-term outlook for Axie Infinity (AXS) has often been quite positive. The volatility of the last few weeks is only a bump in what is expected to be a great year for AXS. The key now will be to watch how the coin will keep up the momentum.
Hitting a 2-month high is a big thing, especially when you consider just how far AXS had fallen. But AXS is not the only blockchain gaming token rising. In fact, after news broke that FTX and PUGB were getting into crypto gaming, almost all Play-to-Earn tokens saw major gains.
But AXS remains the stand-out performer with a 44% gain for the week. We expect this bullish surge to maintain at least in a week or so before it retreats.
Is Axie Infinity (AXS) still a good buy?
There were a lot of fears that perhaps AXS may have lost its momentum. After dominating GameFi in 2021, the NFT inspired game has continued to face increased competition from other newer games.
But despite this, we expect Axie to continue playing a key role in the GameFi sector. As a long-term asset, it is going to offer steady and decent gains for investors. The biggest downside risk is a decrease in active monthly players due to other entrants in GameFi.
Solana (SOL) has been on a decent bull run over the last few weeks. After tanking to around $60 just the other day, the altcoin has been rallying, and it doesn’t seem like the momentum is about to stop. Here is what we know so far:
Solana has surged above $100 for the first time in weeks
The bull run has smashed past several key overhead resistance zones.
The coin is likely to settle at $130 in the near term.
Data Source: Tradingview
Solana (SOL) – How will the momentum play out?
The broader crypto market has been doing quite well as we wrap up March. But altcoins like SOL have seen more gains. The coins have also had a brutal start to the year. Even though we have seen rallies here and there, the general trend for SOL and other altcoins has been very bearish.
But SOL appears to have reversed that trend. After bottoming to around $60, it seems like bulls have now taken over. Also, SOL has smashed past several key overhead resistance zones, including the $95.
The goal now for bulls will be to get the coin above $105. If this happens, it is likely that SOL will continue surging before finally settling at around $130. However, this thesis will be invalidated if bulls are not able to keep the price action above $95.
Why Solana (SOL) is a good buy?
Solana (SOL) has remained one of the hottest crypto assets on the planet. It is touted as the Ethereum killer thanks to its faster transaction speeds and low gas fees. The recent dip basically gave investors the chance to buy on the cheap.
But overall, Solana is expected to smash well above $200 somewhere this year and end even further higher by the time we cross into 2023. For any investor, owning SOL is highly recommended.
Splintershards (SPS), one of the leading blockchain play-to-earn gaming platforms, has reached another huge milestone. As a result, its native governance and utility token SPS has been surging in the last few days. Here are some of the details:
Splintershards (SPS) has now reached over 2 billion in games played
The milestone indicates Splintershards growing dominance in this area.
The native SPS token has been surging as a result in the last few days.
Data Source: Tradingview
Splintershards (SPS) – Where will the momentum go?
Reaching 2 billion in total games played is no easy feat. The play to earn space within blockchain has seen immense growth of course. With this boom in P2E expected to continue in 2022, we expect Splintershards (SPS) to surge even further.
Also, Splintershards (SPS) has confirmed that it sold millions of new cards in a live unboxing event that was held for its loyal fans a week ago. Despite this, at the time of writing, the price action appeared to have stagnated a bit.
It seems like investors have started to price in the 2 billion milestones. While we expect SPSs to see more bullish momentum, in the days ahead, at some point before the end of next week, it will plateau before it retreats.
Is Splintershards (SPS) the future of Play to Earn?
A lot of investors are looking for new and promising opportunities in GameFi. This industry is likely going to be a huge part of the blockchain ecosystem. But even though new projects can be exciting, sometimes it’s also nice to look at tried and tested solutions.
Splintershards (SPS) has been around since 2018 and continues to achieve milestone after milestone. As the GameFI revolution takes shape, SPS will be at the center of it all. Besides, the token has a market cap of $62 million so there is a lot of growth possibilities.
Investing in any financial asset can be a tricky exercise, but this is especially true for the fast-paced cryptocurrency market, which comes with its own unique set of pitfalls and challenges.
A popular saying dictates that it takes 10,000 hours to master a skill and become an expert. In cryptoland time, this is measured in market cycles, which subject each trader to a few trips on the roller coaster of volatility as a crash course on navigating the market.
Here are five important lessons every trader should learn when it comes to investing in cryptocurrency bull markets.
Rule #1: No one ever went broke taking profits
Since the early days of crypto, the community has been proud of its “hodl” nature, with the volatility in the price of Bitcoin (BTC) and other tokens haven shaken coins out of paper hands and into those of the true believers who comprise today’s crypto aristocracy.
Few like to bring up the “not your keys, not your crypto” movement anymore, partially due to the fact that liquidity and money velocity are important factors in a healthy functioning market, but also because simply hodling as the market rises and then falls has resulted in fortunes achieved on paper simply fading away with the onset of a bear market.
When a cryptocurrency has made significant gains, especially if the price went parabolic in a near-vertical line on its trading chart, the best move is to take profits and allocate those funds either to stablecoins or different assets whose trading cycles are not exhausted.
The fact of the matter is that nothing keeps going up forever, and in the cryptocurrency market, the fall can often be as fast and as hard as the rise.
If selling a token is difficult due to personal attachments and a bullish long-term outlook, it helps to consider that after a parabolic move and consolidation phase, it’s possible to acquire even more of the tokens with the cashed-out funds once the dust settles.
Rule #2: Don’t FOMO — there’s always another coin
One experience that just about every crypto investor has gone through is having the urge to buy a particular coin and resisting, only to see it take off like a rocket the following day and go on a two-week-long moonshot that sees its price increase tenfold.
At this point, FOMO — the fear of missing out — kicks in and becomes so strong that a large market order is placed and filled at the top of the market. The result of this is usually some unexpected pullback where the newly opened position loses half its value in just a few short hours as early holders follow Rule #1 and take profits.
Don’t FOMO!
Once a coin has started going parabolic, just watch from the sidelines. Mentally congratulate those who caught the rally, and repeat the following: “There is always another token.”
A quick survey of past bull markets will show boatloads of token pumps and token dumps in bull and bear markets, proving that there is no shortage of opportunities to get in early on high-flying projects and book solid gains amid the fast-paced hype cycles that the cryptocurrency market is known for.
Rule #3: It isn’t going to be like last time
Technical analysts often like to assert that crypto follows a series of predictable cycles, which they use to validate certain pieces of their craft. Holding this perspective allows them to apply past market cycles to the current price chart as a way to predict what comes next.
In 2021, this belief led to yearlong proclamations that Bitcoin was going to $100,000 and beyond, only it topped out under $69,000 and limped into the close of the year without any sign of the highly anticipated blow-off top.
Over the course of the year, the market was compared to the 2017 bull rally, then the 2013 rally and finally a combination of the two rallies as chartists struggled to explain in which part of the cycle the market was and where it would go next.
In the end, the 2021 rally saw a unique double-top unlike any previous market cycle and could possibly extend into 2022 in alignment with the prediction by some that the four-year cycle is lengthening.
The main takeaway is not to expect the market to perform as it has previously and focus on trading the market you have. Follow the trends in price, and make sure to keep Rule #1 and Rule #2 in mind.
In every crypto bull cycle, there is one sector that comes out of nowhere to dominate headlines and produce 100x gains.
2021 saw the rise of memecoins, the arrival of nonfungible tokens (NFTs) and the advent of play-to-earn gaming, much to the chagrin of Bitcoin maximalists and those who “are in it for the tech.”
When new trends like these begin to emerge in the cryptocurrency market, it’s wise to keep in mind the power of the cryptocurrency hype cycle and, if possible, get a little exposure to some of the tokens in that sector that have yet to start moving.
This is strictly a mostly short-term play and is most often a case where Rule #1 is applied in full, as the vast majority of new arrivals to the altcoin market flare out within the first year.
Rule #5: Don’t spend all your time focusing on the crypto market
This final rule is meant to help maintain a healthy life balance and peace of mind. There is far more to life than investing in cryptocurrencies, or any other market.
Just as all investment portfolios should be well-diversified, so too should your everyday experiences in the wider world.
A vast majority of the big moves in crypto happen in a matter of days or weeks, and the rest of the year is full of sideways markets and rangebound trading.
Conduct a decent amount of research, make your picks, follow Rule #1, and then use some of those profits in other parts of life to have more fun and diversify your experience to better enjoy the most precious commodity of all: time.
Want more information about trading and investing in crypto markets?
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The crypto market in general is coming out of a period of consolidation over the last few weeks. Coins are surging, and Holo Chain (HOT) is one of them. In fact, HOT has been one of the top performers of the last week. Here is what you need to know:
The coin had surged by close to 10% over the last 24 hours
HOT is also up by around 30% over the last 7 days or so.
This uptrend is likely to maintain in the week ahead.
Data Source” Tradingview
Why is Holo Chain (HOT) surging?
The main reason why we saw a surge in HOT over the last few days was a new announcement on the ecosystem roadmap that looks to make the project huge. But even with that, HOT had actually shown a lot of bullish signs before.
For example, it had managed to cross above a crucial overhead resistance zone of $0.004. Also, the coin hit a monthly high at the start of the week. The bullish outlook still remains intact. In fact, we are watching to see if bulls can push the price above $0.006.
If this happens, we could see decisive gains that could target $0.01 in the near term. This will represent a 50% surge from the current price. But if the price falls below $0.004, then more weakness could ensue.
Should you buy Holo (HOT)?
Holo markets itself as a peer-to-peer chain that hopes to provide a fast and reliable infrastructure for the deployment of decentralised apps. The project is also introducing new tools to help bridge the gap between decentralized systems and centralized ones.
The fundamentals are indeed quite good, and we have seen a lot of resilience as far as HOT goes. In the longer term, we expect the price outlook to remain positive and upbeat.
QTUM Rallies ahead of Binance Blockchain Week, where it is a premier sponsor.
Binance Blockchain Week is a big deal and will draw crypto investors from across the globe.
QTUM price action points to more gains in short to medium term.
Qtum QTUM/USD has been one of the top-performing cryptocurrencies over the last 24-hours. In this period, QTUM is up by over 20% and gaining. While this is purely price action at play, there is a good chance that QTUM could sustain the rally over the next couple of days. This has a lot to do with the upcoming Binance Blockchain Week that will take place in Dubai on March 28th.
QTUM will be the event’s premier sponsor, and quite naturally, this means it will attract a lot of attention. Under the current setup where bullish momentum is on the rise across the market, this could trigger a major rally in the price of QTUM into April.
For context on how big the Binance Blockchain Week deal is, it will have more than 80 influential speakers, over 10 panels and fireside chats, and over 10 keynotes. This means it will likely pay attention across the global crypto community, and even people who may not know how powerful QTUM is will likely be interested in the project.
However, besides the short-term attention, QTUM has all the hallmarks of a winner, especially now that bullish momentum is rising across the market. QTUM is a blockchain platform built on the Bitcoin UTXO but runs on PoS. This makes it energy efficient while leveraging on the simplicity of the Bitcoin code. The result has been huge adoption for Dapps, which can only grow going forward.
QTUM moving averages point to further gains
Source: TradingView
In the last 24-hours, QTUM buying volumes have shot up. The 50-day and 100-day moving averages are looking up, while the 20-day moving average is outpacing them at an accelerated rate. This indicates that buying volumes are rising fast, and the price could rally even further in the short term.
Summary
QTUM is rallying at the moment and is up by over 20% in under 24-hours. QTUM is likely to get a boost from its sponsorship of the Binance Blockchain Week on March 28th. Long term, QTUM fundamentals are likely to drive its price even higher.
IoTeX inked a deal with Google for global expansion.
The IoT market is growing at a CAGR of 20%, which is a plus for IoTeX
The broader market is bullish, which is a plus for crypto with strong fundamentals like IoTeX
The cryptocurrency market has turned strongly bullish over the past week. IoTeX is one of those that have gained the most momentum and is up by over 20% in the last 48-hours alone. While this has a lot to do with the upside momentum across the market, IoTeX internal fundamentals are also a factor and we could see IoTX keep hitting higher prices both in the short term and long term.
IoTeX IOTX/USD has positioned itself as one of the leading cryptocurrencies taking blockchain technology to the fast-growing IoT market. Through IoTeX, users of IoT devices can have more control over their data and interact with the internet more securely.
With the IoT market now worth $308.97 billion and expected to grow at a CAGR of 25% up to 2028, it’s a market all set to be worth trillions of dollars in the coming decades. For this reason, IoTeX has been inking high-profile partnerships that are likely to play well into its price dynamics in the future.
Earlier in the month, it emerged that IoTeX was teaming up with Google to reach the global market better. According to the founder of IoTeX, adoption is growing at a rate of 20% a month, and with the partnership with Google Cloud, expansion can happen at an even more accelerated rate.
IoTeX price consolidates after pump
Source: TradingView
After a massive pump on March 21st, IoTeX has been consolidating over the last few days. It continues trading between $0.104 and $0.10, but buying volumes are rising. If IoTeX has enough volumes to break the $0.104 resistance, it could test $0.15 pretty soon.
Summary
IoTeX has been one of the top crypto performers in the last few days. This has a lot to do with the pump across the market and IoTeX fundamentals that include a partnership with Google. IoTeX buying volumes are rising while the price consolidates, which points to a potential breakout in the short term.
This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24.
One of the triggers that could have driven crypto prices higher was BlackRock CEO Larry Fink’s letter to shareholders where he said that the Russia-Ukraine conflict has opened up avenues for digital currencies to be used as a mode of settlement for international transactions.
Another bit of news that may have aided the up-move in crypto prices was that Goldman Sachs redesigned its website with emphasis on the growth of digital assets and the metaverse, mentioning them as “megatrends.”
Apart from the increasing institutional interest, Minneapolis Federal Reserve President Neel Kashkari’s statement that the central bank could raise interest rates up to seven times in 2022 to curb inflation may also have boosted bullish sentiment in cryptocurrencies.
Can bulls sustain the higher prices and build upon the up-move or will bears sell aggressively and trap the buyers? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin closed above the immediate resistance at $42,594 on March 23, indicating that bulls absorbed the supply by the bears. That opened the doors for a move to $45,400 where the bears could again mount a strong defense.
BTC/USDT daily chart. Source: TradingView
Both moving averages have turned up gradually and the relative strength index (RSI) is in positive territory, indicating an advantage to buyers. If buyers push the price above $45,400, the BTC/USDT pair could rally to the resistance line of the ascending channel.
If the bulls clear this obstacle, the pair could rise to the stiff overhead zone between the psychological resistance at $50,000 and $52,000.
Any correction from the current level is likely to find support near $42,594 and the moving averages. The bears will have to pull and sustain the price below the moving averages to indicate that the bulls may be losing their grip.
ETH/USDT
The bulls are trying to sustain Ether (ETH) above the resistance line of the symmetrical triangle but the long wick on the candlestick suggests that bears are aggressively selling at higher levels.
ETH/USDT daily chart. Source: TradingView
The moving averages have completed a bullish crossover and the RSI has risen into the positive zone, suggesting that the path of least resistance is to the upside. If the price sustains above the triangle, the ETH/USDT pair could rally to $3,500 and later to the pattern target at $3,907.
Contrary to this assumption, if the price re-enters the triangle, the bears will try to pull the pair to the moving averages. If the price rebounds off the moving averages, it will suggest that the sentiment remains positive and traders are accumulating on dips. That will increase the possibility of a break above the triangle.
The bears will have to pull the price below the moving averages to negate the bullish view. The pair could then extend its stay inside the triangle for a few more days.
BNB/USDT
Binance Coin (BNB) has been consolidating in a large range between $445 and $350 for the past few days. There is a minor resistance at $425 but if bulls clear this hurdle, a move to $445 is possible.
BNB/USDT daily chart. Source: TradingView
The moving averages have completed a bullish crossover and the RSI is in the positive territory, which suggests a possible change in trend. A break and close above $445 could open the doors for a possible rally to $500.
Alternatively, if the price turns down from the current level or the overhead resistance and breaks below the moving averages, it will suggest that traders may be booking profits near the resistance. That could keep the BNB/USDT pair stuck inside the range for a few more days.
XRP/USDT
XRP is facing strong resistance at $0.86. A minor positive is that the bulls have not allowed the price to break below the moving averages. This suggests that traders are not rushing to the exit.
XRP/USDT daily chart. Source: TradingView
If the price turns up from the current level or rebounds off the moving averages, the bulls will strive to clear the overhead hurdle at $0.86. If they succeed, the XRP/USDT pair could rally to $0.91 and thereafter rise toward the psychological level at $1.
The rising moving averages and the RSI in the positive territory indicate advantage to buyers. This positive view will be negated in the short term if the bears sink and sustain the price below the 50-day simple moving average ($0.77).
ADA/USDT
Cardano (ADA) is attempting to start a new uptrend. When the bulls pushed the price above the overhead resistance at $1 on March 23, it was the first indication that the bears may be losing their grip.
ADA/USDT daily chart. Source: TradingView
The next level to watch on the upside is $1.26 where the bears will try to stall the relief rally. If the price turns down from the current level or the overhead resistance, the bears will try to pull the ADA/USDT pair to the critical level at $1.
If the price rebounds off $1 with strength, it will suggest that the bulls have flipped the level into support. The buyers will then make one more attempt to clear the obstacle at $1.26. If they succeed, the next stop could be $1.60. This positive view will invalidate if the price breaks below $1.
LUNA/USDT
Terra’s LUNA token once again turned down from the overhead resistance at $96 on March 24 suggesting that bears are not willing to give up easily. The price could now slide to the 20-day exponential moving average ($89).
LUNA/USDT daily chart. Source: TradingView
If the price rebounds off the 20-day EMA, it will suggest that bulls are defending this level. The buyers will then make one more attempt to clear the overhead hurdle at $96. If they succeed, the LUNA/USDT pair could rise to the all-time high at $105.
Conversely, if the price turns down and breaks below the 20-day EMA, it will suggest that traders may be booking profits due to the failure of the pair to rise above $96. The price could then drop to $82 and next to $75.
SOL/USDT
Solana (SOL) broke and closed above the 50-day SMA ($93) on March 23. This move also invalidated the bearish descending triangle pattern. Strong buying by the bulls has pushed the price to the immediate resistance at $106.
SOL/USDT daily chart. Source: TradingView
The moving averages are about to complete a bullish crossover and the RSI is in the positive territory, which indicates that bulls have the upper hand. If buyers drive the price above $106, the SOL/USDT pair could rally to $122.
Alternatively, if the price turns down from the current level but bounces off the 20-day EMA ($91), it will suggest that the sentiment remains positive and traders are buying the dips. That will enhance the prospects of a break above the overhead resistance.
A break and close below the 20-day EMA will suggest that the pair may consolidate between $81 and $106 for a few more days.
Avalanche (AVAX) has been trading between the overhead resistance at $92 and the moving averages. This suggests that bears are selling near $92 and bulls are buying on dips to the moving averages.
AVAX/USDT daily chart. Source: TradingView
If the price turns up from the current level or rebounds off the moving averages, the bulls will again attempt to clear the overhead hurdle at $92. If they manage to do that, the AVAX/USDT pair could pick up momentum. The bears may try to stall the rally at the psychological level at $100 but if bulls overcome this barrier, the rally could reach $119.
This positive view will invalidate in the short term if the price breaks below the moving averages. Such a move will suggest that the pair may remain range-bound between $92 and $65 for a few more days.
DOT/USDT
Polkadot (DOT) has continued its upward journey which could reach the overhead resistance at $23. The bears are expected to mount a strong defense at this level.
DOT/USDT daily chart. Source: TradingView
If the price turns down from $23 but bulls do not cede ground, it will indicate that traders anticipate a move higher. That will increase the likelihood of a break above $23. If that happens, the DOT/USDT pair could rally to $28 and thereafter to $30.
Conversely, if the price turns down from the current level or the overhead resistance and breaks below the moving averages, it will suggest that the bears are active at higher levels. That could keep the pair range-bound between $23 and $16 for a few more days.
DOGE/USDT
Dogecoin (DOGE) broke above the 50-day SMA ($0.13) on March 24 but the bulls are struggling to sustain the higher levels. This indicates that the bears are not ready to give up their advantage.
DOGE/USDT daily chart. Source: TradingView
The 20-day EMA ($0.12) has started to turn up and the RSI is in the positive territory, indicating that bulls have the upper hand. If the price rebounds off the moving averages, the bulls will again try to clear the overhead resistance and push the DOGE/USDT pair toward $0.17.
Alternatively, if the price turns down and breaks below the moving averages, it will suggest that the breakout on March 24 may have been a bear trap. The sellers will then try to pull the pair to the strong support at $0.10.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Data Source: Tradingview 
