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  • Top 10 Coins To Buy For Massive Gains in 2023

    Top 10 Coins To Buy For Massive Gains in 2023

    With 2023 only just getting underway, this year is already looking much more positive than the rough 2022 experienced by practically all crypto projects. With hopes that the space has now reached the bottom of its bear market, investors are turning their attention to identifying which projects have the potential to deliver incredible profits in 2023 and beyond.

    Figuring out which project offers the highest bang for your buck is easier said than done, though. As such, here are the top 10 coins supporting the most highly regarded projects investors agree could offer massive gains in 2023:

    1. Metacade (MCADE)
    2. Chainlink (LINK)
    3. Avalanche (AVAX)
    4. Hedera (HBAR)
    5. Bitcoin (BTC)
    6. LTO Network (LTO)
    7. Ripple (XRP)
    8. Monero (XMR)
    9. Shiba Inu (SHIB)
    10. Polygon (MATIC)

    1. Metacade (MCADE)

    Metacade is already taking the investment world by storm with a presale that is amazing onlookers, having raised a phenomenal $7m in only 13 weeks since it launched. Fundraising continues at pace, with the presale now in stage 4 and an increasing number of investors scrambling to get on board while they can. This alone could place it comfortably at the top of the list of top 10 coins, but it is the features of the platform which really stand out.

    The main driver pushing up presale figures is Metacade’s comprehensive plans provided in the platform’s whitepaper. It outlines an innovative blueprint for reaching the project’s goals, objectives, and roadmap. Metacade is en route to revolutionize the video game business, in part, by constructing the largest play-to-earn (P2E) arcade on the planet.

    The P2E arcade looks certain to attract a huge number of the millions of global gamers out there, due to the extensive rewards mechanisms implemented across the ecosystem. Gamers of all stripes will reap rewards, earned across both casual gaming and more competitive community play. By taking this approach, Metacade establishes a broad appeal that can provide the project with a potentially huge total addressable market (TAM).

    Rewards will also be implemented for user actions that benefit the broader Metacade ecosystem. Users who contribute in ways like writing game reviews or engaging with the community will be eligible for rewards. This incentivizes all users to constantly improve the platform. It creates a significant driver for user retention and growth that many other projects out there cannot compete with.

    The project uses a utility token known as MCADE to power the ecosystem, and MCADE plays a key role in how the platform operates. As well as being used to distribute rewards, MCADE more broadly represents the currency of the platform, meaning that for all exchanges of value across the entire ecosystem — such as for tournament entry fees or for buying merchandise — MCADE is crucial. 

    The token design also features staking options for holders, which allows investors who are holding for the likely price appreciation of the MCADE token to benefit from a passive income by putting their tokens to work while they wait.

    One feature that is often referenced is the Metagrants program, providing significant value at all levels of user engagement. It achieves this simply, by allowing game developers and teams to pitch game ideas to the Metacade community. MCADE holders can then vote on the projects which are most deserving of funding from the Metacade treasury. This level of involvement will help improve user retention by giving them a meaningful role in the future of the gaming library.

    >>> You can participate in the Metacade presale here <<<

    2. Chainlink (LINK)

    Chainlink is a project that is taking on the so-called ‘oracle problem,’ which deals with the challenge faced by Web3 in being able to access accurate and secure data from off-chain in a trustless way. 

    The Chainlink decentralized oracle network (DON) is a complex system of nodes that supply information to the network and stake their LINK tokens to do so. Any node trying to game the system is penalized via a system known as slashing, where providing incorrect data is punished with the loss of LINK tokens by the node.

    Chainlink boasts more partnerships than any other Web3 project, and the price feeds it provides on the up-to-date prices of trading pairs is a critical part of the way that the most mature end of DeFi (such as Aave) operates. If DeFi continues to grow and Chainlink remains central to it, then we could well see the price of the LINK token increase dramatically over the course of 2023, making it a solid contender for the list of top 10 coins.

    3. Avalanche (AVAX)

    Avalanche is a layer-1 project competing with the likes of Ethereum and Solana for market share in the public permissionless space. The project uses three separate blockchains known as the C-Chain, P-Chain and X-Chain to enable the creation of sub-networks called subnets. 

    These subnets allow an amount of flexibility in the features of the Avalanche network, meaning that the parameters can be tailored to the specific use case at hand. This has led to calls from the passionate Avalanche community that the scalability of the Avalanche network is unbeatable, which makes investing in the native token, AVAX, a promising opportunity.

    The Avalanche network hasn’t seen much growth following the surge in the 2021 bull run, however, with a large and passionate community behind it, 2023 could be the year that the project secures more market share and those who have invested in the AVAX token reap the rewards.

    4. Hedera (HBAR)

    The Hedera network isn’t actually a blockchain at all; the project uses a technology known as directed acyclic graphs (DAG) to enable the Hedera network to provide fast and secure transactions at scale.

    The project also takes decentralization seriously but has adopted to take a different approach than most projects by appointing a council of corporate and educational institutions under time-limited terms to hold a seat on the Hedera council. 

    There are rumors abound that the Hedera network may well see some large use cases go live in 2023, which could see the utility token HBAR benefit in the form of price rises. With some positive movement already seen, it could be the start of a significant stint of price appreciation for the HBAR token.

    5. Bitcoin (BTC)

    Bitcoin may be seen by many as the most conservative investment in the crypto space, but there’s no doubt that it remains the flagship project of Web3. With more and more regulation likely to arrive in 2023, the project stands to benefit from the absence of a centralized party running it, alongside the fame that the project holds.

    If regulation continues to err on the side of defining Bitcoin as a commodity, it could well open the floodgates for institutional investors to flood funds into the market over 2023 and beyond, meaning that the price of BTC could well increase far above what we’ve already seen so far when TradFi starts to drive green candles instead of just the movement of the occasional crypto whale.

    6. LTO Network (LTO)

    LOT Network is a Netherlands-based project that focuses primarily on use cases where a hybrid solution is needed. These are usually use cases that require private data storage but public verification, and so LTO Network hopes to secure a big chunk of the enterprise market in this way.

    The project already boasts some impressive partners, having worked with both the United Nations and IBM on different use cases. The project has also explored developing a Digital Identity (DID) product, which could open the door to more use cases in the future.

    As the LTO token is used for all transactions on the project, we’re likely to see the price of LTO increase in line with the usage of the network, and so should more projects with high transaction volume appear in 2023, LTO holders might be in for a pleasant surprise.

    7. Ripple (XRP)

    Ripple has been locked in its legal battles with the SEC for years now, and for the dedicated community of supporters behind it, there is the belief that 2023 will be the year that the lawsuit is over.

    Most analysts believe that it’s likely that Ripple will win the lawsuit with the SEC, which could mean that many established use cases gain the green light to formally acquire the XRP token for use in the primary Ripple use case — cross-border payments.

    Should that happen, then we’re sure to see the price of XRP climbing to the highs it has not seen for years, if not even higher.

    8. Monero (XMR)

    Monero is a privacy-focused project that is looking to build an anonymous digital cash that allows for untraceable transactions across the globe, for everyday transactions all the way through to those of a crypto whale.

    Monero faces an uncertain future in light of the increasing focus on regulation that governments have going into 2023. However, XMR holders are confident that the technical complexity of the project means that it cannot be stopped, and so should regulators reach some sort of cease-fire with the project, it could benefit the price of XMR.

    9. Shiba Inu (SHIB)

    Shiba Inu is a project that has built and maintained a passionate community of followers known as the Shib Army. The project may have started out as a meme coin following in the footsteps of the Dogecoin (DOGE) project, but the team has used the popularity of the project to pivot to a more utility-based DeFi offering.

    The advantage that Shiba Inu has over Dogecoin is that the DeFi utility allows the project to continue to evolve over time, and this could help build and maintain excitement about the project as time progresses.

    10. Polygon (MATIC)

    Polygon is a layer-2 project for Ethereum, and the project aims to enable platforms on the Ethereum network to access its benefits in a more scalable way. 

    Polygon’s network has its own validators, but crucially also has the MATIC bridge — a bridge to the Ethereum network. This means that other projects built on Polygon are able to store data back on the Ethereum network periodically while benefitting from cheaper and faster transactions on Polygon in the meantime.

    Polygon has already managed to secure a number of big enterprise projects, such as Starbucks and Nike, so it would not be a surprise to see the price of MATIC post big gains throughout 2023.

    What project is the best choice for investors?

    Metacade looks like an excellent choice from the top 10 coins for investors looking for major gains. By providing investors with incredible potential found in the platform’s features and implementation, not to mention significant discounts available in the presale, there’s no question that the largest potential upside is to be found in investing in MCADE.

    As MCADE is so closely tied to the usage of the platform, 2023 is likely to see huge increases in token price. As the platform goes live and gamers flood the platform, those that take advantage of the presale for the limited time it remains open are certain to have an amazing journey ahead of them.

    You can participate in the Metacade presale here.

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  • What to expect in crypto ahead of inflation report, as Bitcoin banks eight straight days of gains

    What to expect in crypto ahead of inflation report, as Bitcoin banks eight straight days of gains

    Key Takeaways

    • Bitcoin has increased for eight straight days, now up 9.2% on the year
    • Period of low volatility in the crypto markets paired with softer inflation data has sent prices upward
    • Latest CPI report is out Thursday which will trigger volatility and is vitally important for the market following increased optimism over last month or so
    • Altcoins could move violently on the report, while Bitcoin will likely shake off its $18,000 mark if data comes in below or above expectation

     

    Bitcoin has banked eight straight days of price rises, as the new year has kicked off assiduously for cryptocurrency investors.

    Whereas 2022 brought nothing but pain and freefalling prices, 2023 has thus far been the exact opposite. Bitcoin is up above $18,000 and Ethereum close to $1,400, good for rises of 9.2% and 16.4% respectively year-to-date. Many altcoins are up even more.

    Volatility has reduced in the crypto markets

    The macro climate is pushing prices upward. I wrote a piece analysing the softer climate last week, but optimism has crept into the market that inflation may have peaked and that the possibility of a pivot from the Federal Reserve off its policy of heightened interest rates may be coming soon than previously anticipated.  

    It should be noted that while this is a nice rally, it is hardly a violent breakout. Cryptocurrencies are notoriously volatile and there has actually been an unusual serenity that has washed over markets over the past couple of weeks.

    A quick glance at the chart for the daily returns of Ethereum illustrates that there has been a perceptible fall in volatility.

    Inflation data to be released Thursday

    I write this on Thursday morning, with the all-important US inflation data to be released this afternoon. If we know anything by now, it is that inflation numbers rule the world. If there is anything in the current climate that will produce volatility, it is the CPI report.

    As mentioned above, this relief rally has largely been predicated on softer inflation leading to the hope that the Federal Reserve will pivot off its high-interest-rate policy sooner than anticipated. Another positive inflation number would give further impetus to crypto prices. It is not hard to imagine Bitcoin pushing up towards $20,000 and Ethereum to $1,500 if the number comes in cooler than anticipated.

    On the flip side, of course, is the potential for the number to disappoint investors. Following two straight months of positive inflation, a step back this afternoon would be a body blow for crypto, and it would not be a surprise to see it drop sharply as all the optimism of the last month gets released in an instant.

    The inflation number is expected at 6.5%. This would be a decline from the prior month of 7.1%. Should the number come in at 6.7% or higher, this would represent a major disappointment and crypto will likely freefall. Do not be surprised to see Bitcoin down at $16,500 in this scenario.

    The data will be released at 1:30 PM GMT (8:30 AM ET), and it is the last CPI report before the Federal Reserve’s February 1st interest rate decision.

    Altcoins showing signs of life

    However bad things have been for Bitcoin and Ethereum, the landscape has been a hell of a lot worse for altcoins. Below are the percentage returns in 2022 from the top 10 coins as of 1st January 2022.

    As is standard, these coins are significantly more volatile, and trade like leveraged bets on Bitcoin. It follows that this year, the jumps have also been stronger than the number 1 crypto. 

    Looking at the top 10 coins from Jan 1st this year, some of the returns have been seismic, albeit from a significantly lower base. Remember, a 90% drop followed by a 50% rise is still the same as an 85% drop from the original starting point. A simple math problem that many investors do not understand. Hence, the past couple of weeks have been positive, but this is still a space that has been absolutely ravaged by the bloodbath that was 2022, and it will take a very long time to recover from. 

    Final thoughts

    This is a pivotal week for the markets and it will be a true gauge of how far the battle against inflation has come. Central banks have been adamant that inflation is the number one priority, and the consequent interest rate policy has crushed risk assets over the last year.

    Things are tough in the markets, but with a third straight month of OK inflation data, it could point toward a light at the end of the tunnel. Then again, the world is teetering on the edge of a recession as it is, and if inflation takes a step back, it will be a double whammy of high rates and still-persistent inflation. As always, risk assets will feel the pain. 

    Crypto investors will just have to hope that the pivotal CPI number doesn’t dare tick up beyond 6.5%. 

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  • Solana interest grows as price eyes a bullish push after weekly 40% gains

    Solana interest grows as price eyes a bullish push after weekly 40% gains

    • Solana token has gained by almost 40% in a week as network activity surge

    • The weekly gains have been inspired by the Bonk token airdrop

    • SOL faces resistance at $14

    Solana (SOL/USD) is making a strong return after a difficult spell in 2022. Frequent hacks, FTX collapse, and a prolonged crypto winter are some of the ails of Solana in 2022. In particular, the FTX crash saw SOL fall below $10. But a return of nearly 40% in a week is sending a statement that investors are not done with the proclaimed Ethereum killer. 

    According to Solana Foundation head of strategy and communications Austin Federa, SOL is defying the FTX contagion. The network has seen increasing on-chain activity for users and developers. He says no projects are migrating from the blockchain, underlining Solana’s strengths and performance. 

    The latest gains in SOL come amid increased investor interest. That comes after the launch of the Shiba-Inu-themed Bonk (BONK) token. According to the latest cryptocurrency news, BONK will be airdropped for up to 50% of its supply. About 20% of the airdrop will go to Solana NFT collections. The development has seen several projects on Solana integrate bonk tokens for use in transactions on listed NFTs. 

    SOL price outlook and analysis approaching resistance

    SOL/USD Chart by TradingView

    From the technical outlook, SOL is slightly bullish but largely bearish. The indicator is approaching the neutral zone, although it shows SOL is bearish. Resistance lies at $14, slightly below the SOL price. 

    What next for the SOL price?

    The gains in SOL price are positive after a prolonged bear market. However, $14 will be a test for bulls. A bullish scenario will be reinforced if the cryptocurrency breaks above the resistance level. That could see SOL maintain the uptrend to $18 and beyond.

    On the flip side, SOL will face bears at $14. Buyers may also exit at the overhead resistance to force a correction. That could see the token retest the $11 or $10 bottom.

    Where to buy SOL

    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 SOL with eToro today

    Public

    Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.


    Buy SOL with Public today

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  • Tron token making slow but sure gains amid plan to empower “elite” startups

    Tron token making slow but sure gains amid plan to empower “elite” startups

    • Tron token rose by 1.72% on Wednesday.

    • TRX gains come amid news that Tron was supporting startup blockchains.

    • TRX could continue to surge up to a descending trendline.

    Tron (TRX/USD) is emerging from the ruins of a bearish breakout that sent the token spiralling to $0.045. The cryptocurrency recorded intraday gains of 1.72% and traded at $0.055. The token has printed a short-term bullish trendline that could now interest buyers. 

    The slight recoveries in TRX come even as the Tron DAO continues to power startup blockchains. According to the latest announcement, Tron DAO Ventures, or TDV, will support elite startups. TDV will support projects within the Tron ecosystem and beyond. Tron says this is part of the DAO’s objective to grow decentralisation. TDV will also support outstanding projects that synergistically bridge with the Tron ecosystem.

    The latest cryptocurrency news is positive for TRX, looking at the intraday price recovery. It is, nonetheless, less important in the long-term recovery of the cryptocurrency unless we escape the bear market. In the technical analysis below, we show potential levels to watch.

    TRX price outlook and analysis

    TRX/USD Chart by TradingView

    A clear breakout of TRX happened at $0.06, and the price crashed to $0.045. The recent recoveries have, however, been encouraging. Bulls would aim for a higher price, although this is likely at the descending trendline.

    The MACD indicator is also giving some hope. The indicator is crossing from the bear zone and currently lies at the neutral level. This is the clearest bullish signal, but we need to confirm it by the price movement. That’s especially because the momentum is not very strong from the indicator.

    What to do with TRX?

    Although we are still in a bear market, TRX buyers can aim for a price that coincides with the descending trendline. Still, buyers should watch over price as the bullish strength is still mild. 

    If bears counter the upside, TRX price could crash back to the $0.045 support zone. The level around $0.052 could also offer support on the downside. 

    Where to buy TRX

    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 TRX 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 TRX with Binance today

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  • Toko (TKO/USD) gains 100% on Binance news

    Toko (TKO/USD) gains 100% on Binance news

    • TKO rose by 100% on reports of the acquisition of Tokocrypto by Binance 

    • The cryptocurrency has slid by 28% since forming a local top at $0.57

    • TKO could correct to $0.34

    Toko (TKO/USD) token is attracting buyers. With a surge of 100%, it may be too late to buy TKO now. But when an opportune moment comes, you could snap the token, thanks to positive cryptocurrency news.

    The gains in TKO come amid reports that Binance is acquiring the Indonesian crypto exchange Tokocrypto. We know that Binance is the world’s biggest crypto exchange. Thus, any approach to acquisition is likely to build optimism. TKO, the native token, reacted to the news, rising sharply from $0.283 to $0.57.

    Binance is particularly interested in Tokocrypto since it is locally regulated. It is the first entity to be registered under Indonesia’s Commodities Futures Trading Regulatory Agency. Binance already holds an investment in the Indonesian exchange since 2020.

    But the sharp gains in TKO may prove difficult to hold, at least for now. As of press time, TKO traded at $0.42, a decline of 28% from its local high. The trading volume had also fallen sharply and was only up 2.99%. However, to an investor monitoring the positive developments of Tokocrypto with Binance, TKO should remain on the waitlist.

    TKO corrects but is yet to find support

    TKO/USDT Chart by TradingView

    Technically, TKO is bullish but faces a correction. From the RSI indicator, a reading of 77 implies that TKO is overbought and a correction is on the horizon. 

    The support lies at $0.34, giving bears a chance to push the cryptocurrency lower. The level was a breakout zone that was triggered as the price was pumped.

    Concluding thoughts

    TKO faces further gains if the reports of the acquisition of Tokocrypto get confirmed by Binance. However, currently, investors face a correction.

    If you are looking to buy the token, the level to keep an eye on is $0.34. Also, monitor the developments around the token, as positive news can trigger sharp rises before reaching support.

    Where to buy TKO 

    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 TKO with Binance today

    Wazirx

    WazirX is India’s largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of the binance group, serving users in 180 countries.


    Buy TKO with Wazirx 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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  • Has ApeCoin (APE/USD) turned bullish after weekly 25% gains?

    Has ApeCoin (APE/USD) turned bullish after weekly 25% gains?

    • ApeCoin token has registered 25% gains in the past one week

    • Bored Ape NFTs continue to attract high prices amid a prolonged crypto winter

    • APE could stay bullish up to the 50-day MA or descending trendline

    With gains of 25% in a week, ApeCoin (APE/USD) is among the top 3 return cryptocurrencies in the #50 rank. The gains come after APE reached a new low of $2.7. The last low for the cryptocurrency was $3.0 in June. APE has now overcome the bottom and was trading at $3.8 as of press time.

    No significant news is influencing APE price, but potential optimism could be crawling back. According to the latest developments, Bored Ape NFTs are in demand. On November 23, an NFT from the Bored Ape Yacht Club collection sold for $950,000 or 800 ETH. The same was made to an NFT collector Keungz, who has multiple of them from Yuga Labs. Another sale between two unidentified wallets was made for nearly $940,000 or 780 ETH. Both sales were made above the current floor price amid a prolonged crypto winter that has hit NFTs.

    Meanwhile, the ApeCoin community DAO has launched its own marketplace for the ecosystem NFTs. The marketplace was launched on November 24. It will support the transactions from BAYC collections, Mutant Ape, Bored Ape, and Otherdeed. These developments could attract attention to the APE token.

    APE on a short-term price appreciation

    APE/USD Chart by TradingView

    A technical outlook shows APE has initiated a short-term recovery. The MACD indicator has shifted above the neutral zone and shows that momentum is improving for APE. The cryptocurrency has recovered above the 20-day moving average.

    However, APE trades below a long-term descending trendline. Also, in the last two previous bullish attempts, APE has been rejected at the 50-day MA. The token now trades near the key moving average.

    What next for APE?

    APE price will continue to rise in the short term as momentum remains in place. However, longer-term recoveries will be determined by whether bulls will push the price above the 50-day MA and descending trendline.

    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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  • Trust Wallet Token (TWT/USD) – a cryptocurrency with 100% gains, but are higher prices possible?

    Trust Wallet Token (TWT/USD) – a cryptocurrency with 100% gains, but are higher prices possible?

    Trust Wallet Token (TWT/USD) has been the darling of investors this week. The token’s value has gained by triple digits in the past week, even as others soured over the weak crypto sentiment. If you have been wondering, the same reason that caused the decline of cryptocurrencies boosted TWT.

    The collapse of the FTX crypto exchange sent panic waves across crypto markets. With accelerated selloffs, over $1 billion was wiped out from the market. That’s because the collapse of a “sound” crypto exchange of the stature of FTX was least expected. At least not after the exchange positioned itself to help other struggling crypto firms to remain above the ground. But it happened, anyway, but TWT buyers had something to smile about.

    TWT hit an intraday high of $274 on November 14. The level was hit in a parabolic price move, as TWT overcame a low price of $1.0 as of November 10. The gains happened as whale accumulation intensified following the collapse of FTX. Investors were withdrawing funds from centralised exchanges in favour of self-custody wallets. The Trust Wallet gained in the process, with Changpeng Zhao also endorsing its post-FTX collapse.

    TWT price outlook and analysis

    Turning to the technical side, TWT has already been making slight but positive gains even before the FTX collapse. The latest cryptocurrency news just gave the token the catalyst to break above the $1.31 resistance level. 

    TWT/USD Chart by TradingView

    The moving averages are bullish for TWT. Turning to the RSI, TWT is deep in the overbought region. An imminent correction is likely, and a bubble burst could occur. The token is already initiating a correction and trades at $2.0.

    Time to exit TWT?

    Overbought conditions and a bubble burst could force a correction for TWT as investors adjust to the FTX scenario. 

    However, the price movement is positive for TWT as it has been making a slow bullish push before. The token should be on the investor’s watch list if bulls defend the key levels. The area around $1.36 and $1.31 should be watched.

    Where to buy TWT

    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 TWT with Binance 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 TWT with Swapzone today

     

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  • MetaCryp Pre-Sale gains popularity as Shiba Inu and Klaytn begin correction

    MetaCryp Pre-Sale gains popularity as Shiba Inu and Klaytn begin correction

    Introducing MetaCryp (MTCR), the developing cryptocurrency currently on pre-sale and already making buzz. Crypto enthusiasts are anticipating its release, even as popular cryptocurrencies like Shiba Inu (SHIB) and Klaytn (KLAY) begin correction.

    In this article, we’ll explore the MetaCryp (MTCR) project and discuss why it might make sense to join the ongoing pre-sale. We’ll also briefly discuss Shiba Inu (SHIB) and Klaytn (KLAY) to investigate their performances.

    Unwind with MetaCryp

    MetaCryp (MTCR) is a virtual universe project that aims to provide a suitable location for individuals to escape the stresses of everyday life. The project aims to sustain a metaverse where users can explore and interact with each other.

    Users of the community-focused MetaCryp (MTCR) metaverse would gain access to a prestigious, members-only group of like-minded individuals looking to relax and create a delightful experience in the perfectly crafted metaverse. They will also have access to private country clubs, resorts, and event venues.

    Another exciting feature for MetaCryp (MTCR) users is that they can customize their avatars to suit their individual requirements.

    MetaCryp also has plans to venture into the NFT market, as it aims to offer consumers the best NFT and blockchain gaming collections.

    By joining the MetaCryp (MTCR) community, customers can access two rapidly expanding and highly lucrative crypto communities. However, you need to hold the platform’s MTCR to get started.

    The token is currently available on pre-sale for at a giveaway price, compared to what it could be worth at launch. There are also massive bonuses on offer for first-time purchases and much more, depending on the cryptocurrency you deposit.

    Shiba Inu is transitioning beyond a Meme

    Shiba Inu (SHIB) is a popular meme coin that launched in the cryptocurrency market following the rise of Dogecoin (DOGE). However, unlike the original meme coin, Shiba Inu (SHIB) seeks to bring more value and utilities to its community.

    The coin has recently launched a crypto exchange and SHIB: The Metaverse. The metaverse just went live, with over 100,595 parcels of land in four districts making up the virtual environment. Shiba Inu users can access the metaverse and unlock features using their SHIB token.

    With these utilities in place and the SHIB demand originating from them, Shiba Inu (SHIB) has started making corrections. The platform also hinted at a token burn mechanism which could also theoretically influence the token’s price.

    Klaytn’s content economy protocol

    Klaytn (KLAY) is a metaverse, GameFi, and creator economy protocol that targets enterprise-level participants. It seeks to use its own native token, KLAY, to support and promote the global content economy.

    Klaytn’s (KLAY) hybrid blockchain has special features of both public and private blockchains. Combining that, Klaytn (KLAY) delivers a user-friendly blockchain experience.

    In a nutshell, Klaytn (KLAY) simplifies the process of building and managing one’s own service-oriented networks, often known as service chains, while concentrating on creative content and GameFi.

    Klaytn (KLAY) controls a significant South Korean blockchain market and is now working on international expansions. The project’s global expansion has begun through Klaytn Growth Fund.

    The platform’s native token, KLAY, fell to new lows due to the market crash 2022. However, it has started recovering. Klaytn’s planned expansion may also help to push it further.

    We have discussed Shiba Inu (SHIB) and Klaytn’s (KLAY) offerings and prospects. The next bull market might see them climbing to new heights.

    On the other hand, the ongoing MetaCryp’s (MTCR) pre-sale seems successful so far. You might want to join the community of other enthusiasts to get in early on the next popular cryptocurrency.

    Check out these links to get started.

    MetaCryp (MTCR)

    Presale: http://presale.metacryptoken.io/

    Website: http://metacryptoken.io/

    Telegram: https://t.me/MetaCrypOfficial

    Sponsored

    The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
    La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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  • Price For Uniglo.io Gains +55% As Shiba Inu And Dogecoin Are In The Red

    Price For Uniglo.io Gains +55% As Shiba Inu And Dogecoin Are In The Red

    Cryptocurrencies continue to outperform traditional markets. Admittedly they are more volatile, but this is exactly what makes them more profitable and why they continue to attract the youngest and brightest minds.

    Digital assets represent the next leap forwards in monetary systems, and soon, fiat will be a relic of the past. Many crypto investors underestimate how early they are and how profitable investments made now will be in the next bull market. But not all assets are created equally, and Uniglo (GLO) continues to outperform whilst Shiba Inu (SHIB) and Dogecoin (DOGE) remain solidly red.

    Uniglo (GLO)

    Uniglo has recently seen its price rally by 55% so far, resulting from money flowing into the protocol. By delivering a viable store of value in a bear market, Uniglo has captured an increasing market share. Uniglo implements buy and sell taxes creating value mechanisms for investors.

    Asset acquisition is the first, and Uniglo exposes investors to a unique multi-asset blend to hedge against volatility and provide long-term appreciation. The Uniglo Vault holds digital assets and NFTs representing tokenized high-end physical goods such as fine art typically unaffected by market behavior. The second is its highly aggressive burning strategy. GLO’s total supply constantly declines with every transaction. Further guaranteeing an appreciating valuation.

    Shiba Inu (SHIB)

    The notorious dogecoin killer. SHIB made headlines throughout 2021, going on an absolutely outrageous rally. However, investors must be wary. This token has already exploded, and the early gains have been made. The likelihood that SHIB will rally again is minuscule. Instead of chasing the past, investors should look for the next token to explode in value.

    Dogecoin (DOGE)

    DOGE is another prime example of a token that made a blistering rally throughout 2021 and another token where the early gains have been made. Driven by hype primarily, DOGE will struggle to see any real price appreciation until the next bull market. By then, a newer meme coin will likely be favored drawing liquidity away from DOGE. Investors should be careful, and time is better spent looking for the next token, as opposed to hoping for a miracle twice.

    Conclusion

    The bear market makes value propositions more important, and the focus of developers has subtly switched from value capture to value creation. Projects providing tangible utility will be the best performers of this crypto winter, and investors should consider this before entering positions.

    Find Out More Here

    Join Presale: https://presale.uniglo.io/register

    Website: https://uniglo.io

    Telegram: https://t.me/GloFoundation

    Discord: https://discord.gg/a38KRnjQvW

    Twitter: https://twitter.com/GloFoundation1

     

    Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.



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