Author: Muskan

THORChain (RUNE) is one of the top gainers of the day as the cryptocurrency managed to record a surge of 30% in the past twenty-four hours. The cryptocurrency has been on a steep bullish trajectory in the weekly timeframe with the bulls persisting. At the time of writing, RUNE token stands at a price level of $5.62. The daily trading volume has increased by 450% amidst the bullish wave. The cryptocurrency has ranged from a low of $4.68 to a high of $5.90 during the daily window. THORChain has a market ranking of #57 with a capitalization of $1.77 billion. 

Why is THORChain (RUNE) surging? 

The THORChain network has accrued phenomenal growth during the year which has caused the current hype around the cryptocurrency. According to AltRank’s ranking in terms of combined social and market activity, the cryptocurrency ranked first out of nearly 3,500 tokens in the market. 

The journey of growth for RUNE chain has been bumpy but its current performance is a testament to the journey and the potential the network has. The platform achieved a major milestone as it achieved 1.5 million in decentralized and permissionless transactions on chain towards the end of February. The trading volume on THORChain also hit an all-time high on 28^th February. Currently, it has 83 nodes and the team’s hard work is evident in the fact that it has provided more than 80 network updates to help the network stay on top of its game. 

Another reason why the cryptocurrency is surging during the daily timeframe is the integration of Terra (LUNA) into THORChain’s ecosystem. The integration had been one of the most anticipated developments on the network. The integration will allow the network to gain access to Terra’s stablecoins – including one of the largest stablecoin, UST. Moreover, Terra’s support will also enable RUNE’s ecosystem to support Cosmos-based projects. The project has also announced to soon add support for Monero and Haven which will further cement its bullish outlook. 

Future outlook 

The Terra integration has proved to be fruitful for THORChain and upcoming developments further the token’s long-term bullish outlook. RUNE is also one of the most solid projects in the cryptocurrency market which makes it a good bet. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $9.58 in a year’s time while the five-year projection places it at $32.95. 

Frontier (FRONT) is one of the top gainers on Binance amidst a strong bullish rally. The cryptocurrency had stayed near-stagnant during the month; however, the bulls picked up for it during the past week. At the time of writing, the cryptocurrency stands at a price level of $0.74. The cryptocurrency has surged upwards by 73% during the day. Holders are suggesting and hoping that the price will soon cross $1 as the bullish wave is strong. Moreover, there is also high activity on the network as the daily trading volume has increased by more than 2,000%. Frontier token is standing at a market rank of #486. 

What is Frontier (FRONT)?

Frontier is one of the most -sought after wallet for Defi, NFT and cryptocurrency spheres. The project is focused towards providing non-custodial wallets that offer high level of security and efficiency for the crypto market. Moreover, it also focuses on solving the problem of fragmentation in the market by combining DeFi solution and applications under its umbrella. Through the platform, users are able to stake, borrow, lend, swap and provide liquidity under one window. 

Should you invest in FRONT? 

The network has undergone some major developments which could be contributing towards the current bullish trajectory and also give it a bullish future outlook. Frontier recently announced a partnership with Pontoon Network which is a cross-chain liquidity protocol working towards solving the problem of low liquidity in the cryptocurrency market. The partnership will enable the network to integrate Pontoon into its application – effectively increasing its userbase. Moreover, the network will also allow users to stake Pontoon crypto. 

Moreover, Frontier also announced a partnership with one of the most up and coming defi protocols, Alpaca Finance. The partnership will also expand the scope of the network. BNB is one of the first coins to be enabled on the platform after the partnership. 

The recent developments in light of the current price trajectory gives the cryptocurrency a favorable future outlook – making it a good bet in the market. Moreover, the long-term future outlook is also bullish for the token. Various estimates place the token at a much higher price level for the future. According to the estimates of Digital Coin Price, the cryptocurrency is expected to end the year with a price level of $0.92 while the five-year projection places it at $1.62. 

Where on one hand the cryptocurrency market is filled with coins reaching towards the moon, we also have plenty of coins that are tumbling downwards. Here are the top five coins that have lost the most value in the weekly timeframe:

Space Crypto (SPE) is the top loser of the week with a decline of 93%. The cryptocurrency fell brutally during the week; however, the downtrend may soon be reversed as it has gained by more than 40% during the day. SPE token powers Space Crypto’s metaverse-based digital world.

MetaNFT (MNFT) has been one of the most hyped-up recent launches in the market; however, the market appears to have delved into corrections for the token. The cryptocurrency declined by 83%during the week. Nonetheless, the market corrections may have ended as the token, once again, surged upwards – with a gain of 30% during the day.

MisBloc (MSB) has been on a steady downtrend since the beginning of February. The cryptocurrency has not shown any signs of bullishness recently and it recorded a loss of 79% during the past week. Misbloc is a medical services ecosystem that leverages blockchain technology.

GlitzKoin (GTN) had been surging during the beginning of February; however, market corrections have gripped the token. The cryptocurrency registered a decline of 75% during the week while the daily movements suggest a relatively stable price. GlitzKoin has introduced blockchain technology to the diamond industry.

DeFi Land (DFL) is the final loser on our list. The cryptocurrency has declined by 68% during the week amidst a steady downtrend. Currently, the token stands at a price level of $0.02; however, the daily price has recorded an increase of 8%. DeFi Land is a multi-chain blockchain-based game geared towards decentralized finance.

The cryptocurrency market has been even more volatile and uncertain than usual as is the global financial ecosystem; however, the intrinsic volatility of the cryptocurrency market ensures that there are outliers all the time. Here are some of the top gainers of the week:

BHPCoin (BHP) has topped our list with a gain of 188% during the week. The cryptocurrency had been on a steady uptrend during the week; however, the momentum has broken during the daily window as bears gripped the token. Currently, the token stands at a price level of $1.11 while the price has declined by 32% during the day.

Kunci Coin (KUNCI) is another top gainer. The cryptocurrency surged by 152% during the week and the bullish momentum is still going strong for the token. Kunci Coin is currently trading hands $0.59 apiece and the price has increased by 20% during the past twenty-four hours. Kunci is building an all-in-one ecosystem with metaverse, NFT, and DeFi capabilities.

SpiritSwap (SPIRIT) had been bearish during February; however, the cryptocurrency started gaining as February came to an end and the bulls are going strong for it right now. The token surged upwards by 142% during the week while the daily price is up by 12%. SPIRIT token powers the SpiritSwap DEX.

Tarot (TAROT) ended its prolonged bearish momentum with a bang as the token started off on a steep uptrend during the week. The cryptocurrency has increased by 141% during the past seven days. Currently, the token is trading hands at $0.92 and the $1 mark may soon be crossed as the daily price shows an incline of 13%. Tarot is a decentralized lending protocol built on Fantom.

Colawork (COLA) surged upwards by 116% during the week as the token started off on a strong bullish trajectory. The daily price shows a similar surge with the token currently trading hands at $0.27.  Colawork provides blockchain as a service to companies so that they can leverage the technology.

ICOs are one of the best investment channels if you want to protect your investment – to some extent – from the market’s largely bearish momentum. Here are some of the active projects to look into:

Brickken is one of the good projects to delve deeper into. It is essentially a decentralized tokenization platform. It allows users to tokenize assets and trade them. The project – if it plays right – can balloon into something big. But hurry up if you want to invest as the token sale will end today. The project has also managed to raise $1,240,000 up till now – which is 62% of its fundraising goal.

Ancient8 is a metaverse project. It is aiming to build a decentralized autonomous organization that will work towards making the metaverse accessible to the masses while also allowing passive income and attractive rewards. The token sale of the project will end in 12 days and it has managed to raise $4,000,000 so far.

Fayre is another good project to look into. It is geared towards the NFT realm which gives it a good outlook as the NFT segment has been booming. It is focused on allowing high-level fan engagement and good returns for creators. The project has raised $3,350,000 so far out of its total fundraising goal of $10,050,000.

Legion Network is building an all-in-one blockchain application that will allow users to access whatever service they want very easily. The super app of the project has a lot of potentials. The token sale’s ending date has yet to be announced while the network has managed to raise $2,600,000 up till now.

Gamium is another project that is focused on the metaverse and NFT realm. It is building the world’s first social metaverse which will also give users a digital identity. The ICO of the project will end soon – in two days. The project has raised $2,330,000 so far – which is 84% of its total fundraising goal.

Upcoming ICOs

ICO investment requires a lot of work to be done the right way – which means investing time and effort beforehand. Here are some of the upcoming projects to research before investing:

Cryptoverse is an interesting project to look into which is geared towards creating a decentralized economy in the metaverse realm. The project is being led by ChainGuardians but will eventually become fully decentralized. The 3D virtual reality world will give users increased control. The token sale is expected to begin on 8^th March with further details to be announced soon.

IoTeXPad is the first native IDO launchpad being built on IoTeX blockchain. IoTeX has a thriving ecosystem which gives the project good potential. The launchpad will also further the growth of the IoTeX ecosystem by enabling new projects to enter easily. The token sale will begin on 11^th March and has set a fundraising goal of $4,160,000.

Xana is an interesting project to look into as its value proposition gives it a bullish outlook. Xana is essentially a sidechain designed for the second-largest cryptocurrency – Ethereum. The sidechain will enable Ethereum to have metaverse capabilities. The token sale is expected to begin in March and aims to raise $500,000 through the ICO.

ChainPort is aiming to bring next level interoperability into the blockchain realm as interoperability remains to be one of the major pain points of the industry. It is creating a futuristic bridge that will allow swaps between chains to be cost-effective and highly efficient. The token sale is expected to begin in March.

Muon Network is working towards the development of the Web 3.0. It will be offering decentralized nodes as a service to enable not just Web 3.0 applications but also Web 2.0 applications to run efficiently. The project aims to raise $2,940,000 through the token sale which is expected to begin in March.

Ended ICOs

Here is a list of some of the ended projects that have ended:

• ZooDao allows passive income through NFTs by gamification. The project’s ICO ended on 26^th February and raised $250,000
• Atlas DEX is a cross-chain liquidity aggregator which raised $1,000,000 through its token sale
• Kyberdyne is a blockchain-based game built by AAA game studio. The project raised $3,450,000
• Project Galaxy enables the use of credential data and NFTs for Web 3.0. It raised $25,000,000 through its ICO.
• UncleMine is a DeFi and DAO platform backed by mining assets. The project raised $750,000 through its token sale

IoTeX (IOTX) has been on a steady downward trend after seeing bullish momentum during the beginning of February. The bullish momentum of early February could not be sustained and the token has been in the grips of bears ever since. The token continues its bearish momentum during the daily timeframe with a minor downside movement while the daily trading volume has stayed relatively stable with no significant change. At the time of writing, IOTX stands at a price level of $0.071. IoTeX stands at a market rank of #96 currently with a capitalization of $682 million. 

Recent developments

There have been a couple of significant developments on the IoTeX network lately which gives the IOTX crypto a bullish outlook in the long run. The platform recently announced a partnership with Bot Planet which is an ecosystem of multiple products like a DEX, NFT marketplace, wallet, lottery, gaming working together in tandem. Bot Planet aims to make cryptocurrency easier for everyone. The partnership will enable the use of IOTX token in the Bot Planet ecosystem. A bridge will also be created between both the networks which will enable them to mutually benefit from the partnership. Users of both networks will gain access to the networks – which will also result in an increase of their respective userbases. 

The IoTeX network has also gained considerable headway as it created the first-ever hardware kit for blockchain developers called the Pebble Tracker. The Pebble Tracker is essentially a battery-operated IoT prototyping kit for the blockchain world. The network has successfully shipped the first batch of the device and recently announced the shipment of the second 400-batch Pebble Trackers. The device is a hallmark step in the journey of the network towards realizing its goal of making the world transparent through blockchain technology. 

IoTeX is bullish in the long-term 

IoTeX has a bullish outlook for its future despite the current bearishness – which indicates the token may soon reverse its trend. From a strictly fundamental perspective, the cryptocurrency has a solid footing in the market, and in light of the recent developments, a lot can be expected from IOTX in terms of growth. Price predictions also give the token a bullish outlook. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $0.17 in a year’s time while the five-year projection places it at $0.55. 

Polkadot (DOT) had been on a downtrend during the month after it saw a brief bullish momentum in early February. The cryptocurrency’s downward trajectory was broken during the weekly timeframe as the bulls began to gain; however, the daily price movement indicates that DOT may, once again, be heading downwards. At the time of writing, the cryptocurrency stands at a price level of $17.73 with a minor downside movement of 3% during the day. The daily trading volume has reached upwards by 15%. Polkadot is the twelfth-largest cryptocurrency in the market with a capitalization of $19 billion. 

What has been happening?

Polkadot has been in the news which has also caused the cryptocurrency to trend on Google as well. Russia’s invasion of Ukraine has caused an outcry amongst the masses and has had an adverse impact on the cryptocurrency market as the uncertainty led to a major chunk of the cryptocurrency market’s global capitalization evaporating. The DOT team and community were quick to play their part after two funds – one for military support and the other for humanitarian support – for Ukraine were created and various contributions were made. 

On the other hand, Polkadot’s founder of the DOT Gavin Woods found himself in trouble with the community. Woods pledged that he would donate $5 million worth of cryptocurrency but on the condition that Ukraine’s government post an address in DOT. The community lashed back on Gavin Woods’ statement, questioning his motives. This unfavorable news may have contributed to Polkadot’s current bearish outlook. 

The network has also announced its biggest event of the year – Polkadot Decoded – which will be held on 29^th and 30^th June 2022. The network is currently seeking proposals from developers to get a chance to showcase their innovative ideas and projects at the summit. The deadline for proposal submission is set at 14^th March. The conference is organized by the Web3 Foundation and will feature developments in the DOT ecosystem. 

What to expect from Polkadot?

The current bearish outlook should not cause investors to shy away from Polkadot as it is one of the most solid projects in the market. Moreover, the long-term outlook of the token is also highly bullish. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $32 in a year’s time while the five-year projection places it at $93. 

Avalanche (AVAX) has been highly volatile during the past month and due to the volatility, the cryptocurrency had not been able to establish a steady trend. During the daily timeframe, the cryptocurrency has been bearish with a downside move of 7%; however, the overall outlook of the cryptocurrency persists to be bullish – especially with some upcoming developments yet to unfold. At the time of writing, the cryptocurrency stands at a price level of $76.11. The daily trading volume has been increasing for the token. Avalanche is the tenth-largest cryptocurrency in the market with a growing capitalization of $18 billion. 

What is happening? 

On 25^th February, the network performed a token burn which resulted in the evaporation of 900k AVAX tokens. Token burns limit the supply in the market which automatically results in an uptrend in the price as the token becomes scarcer. Moreover, some community members believe that the token is currently undervalued – especially in light of the recent burn. Market forces of supply and demand are expected to pick up for the token which can result in a price surge. 

Avalanche has also been listed on a couple of lesser-known but fast-growing exchanges which can contribute to the future growth trajectory of the token. Trader Joe is regarded to be the world’s first humanistic crypto exchange and the exchange has recently listed AVAX token. Moreover, there is also an influx of good projects in the Avalanche ecosystem. Hashflow – which regards itself to be the fastest smart contracts platform – has went live on the network. The platform allows AVAX to be traded with lightning-fast speed and very low gas fees.

Moreover, the network is also hosting its Avalanche Summit and Hackathon in Barcelona towards the end of March. The hackathon will open up debates about further developments and scope for innovation in the Web 3.0 ecosystem and also give budding developers the chance to interact with AVAX’s futuristic technology. 

What is Avalanche (AVAX)? 

Avalanche is one of the blockchains that is rivaling the queen of the market. It provides a full-fledge ecosystem for the development of decentralized applications and it aims on differentiating itself from Ethereum and other competitors by providing lightning-fast speed. In terms of time-to-finality, AVAX is the fastest smart contracts platform in the market. It also has one of the highest transaction processing speeds of nearly 6,500 transactions per second. 

Astar (ASTR) token has been in a near-consolidation phase over the past month. The daily price movement reveals the token may be on an upside breakout from the consolidation as it gained by 15% during the day. At the time of writing, the ASTR token stands at a price level of $0.16. The daily trading volume has also surged upwards by more than 350%. During the daily timeframe, the cryptocurrency has moved from a low of $0.13 to a high of $0.16. Astar is currently standing at a market rank of #235 with a capitalization of $232 million. 

What is Astar?

Astar was previously known as Plasm Network and is native to the currently twelfth-largest cryptocurrency, Polkadot. It is essentially a hub for decentralized applications on Polkadot. The network enables developers to create next-generation futuristic applications through layer-2 solutions. ASTR supports Ethereum, WebAssembly, Cosmos and will be adding support for other chains soon. It is currently working towards expanding its scope by building a multi-chain smart contract platform that will support DeFi, NFTs, and DAOs. Through this updated vision, the project aims to become the heart of multi-chain in the crypto industry. 

Why should you invest in ASTR? 

Astar is currently trending as interesting developments unfold on the network. ASTR token got listed on the leading crypto exchange Binance today – which is marked as a hallmark step in the growth trajectory of the token. Moreover, the platform will also be launching campaigns to celebrate its Binance listing which will further increase the activity on the network. 

Astar also crossed $700 million in total value locked a couple of days which is the highest recorded to date in the Polkadot ecosystem. Moreover, the network also owns 42% of the total value locked in Polkadot’s ecosystem. The network also has the highest NFT volume on Polkadot. The projects on the platform are also doing incredibly well as one of its native projects Arthswap currently has the highest TVL on Polkadot in the DeFi segment. 

This is a testament to the potential the network possesses and where it can possibly grow to in the future. Astar has, arguably, become one of the fastest-growing projects in the Polkadot ecosystem which makes it a particularly interesting project to invest in. Moreover, multi-chain capabilities are a need of the hour in the crypto market which also positions the platform at a very attractive place in the market.