Author: Muskan

Terra (LUNA) has garnered a lot of attention as the token surged upwards by more than 20% during the past twenty-four hours. The cryptocurrency has been on a steady uptrend during the weekly timeframe after a month of bearish momentum. The token appears to be currently in a bullish consolidation period which can lead to further bullish momentum. At the time of writing, the LUNA token stands at a price level of $65.32. The trading volume has stayed stable during the day. Terra is the ninth-largest cryptocurrency in the market with a capitalization of $24 billion.

What is going on?

The surge of the token can be attributed to the various developments going on in the network. The leading crypto exchange Bittrex listed the stablecoin, Terra USD, recently. UST is now available for trading on the exchange which has resulted in access of the stablecoin to a larger userbase. 

Another major development – which can also be regarded as a hallmark moment for the Terra ecosystem – is the launch of the Luna Foundation Guard (LFG). LFG recently closed its private sale in which it accumulated a staggering $1 billion for the creation of UST treasury denominated in Bitcoin. The token sale is regarded to be one of the largest in the whole cryptocurrency market because of its sheer size. The Luna Foundation Guard is essentially a not-for-profit organization created for the development of a truly decentralized economy. The LFG is primarily focused on Terra and its UST stablecoin because of the value proposition of the algorithmic stablecoin. 

The platform has also been sponsoring up and coming projects along with events. DeFi The Conventional is planning Canada’s largest crypto hackathon which is officially sponsored by Terra. 

Terra: Future outlook 

Terra is one of the largest cryptocurrency and ecosystems in the crypto market. It has a solid footing in the market which automatically gives it a bullish outlook. However, in light of the recent developments and the current price trajectory the bullish outlook for the future of LUNA has been further cemented. According to the estimates of Digital Coin Price, the cryptocurrency is expected to end the year with a price level of $87 while the five-year projection places it at a whopping $180. Wallet Investor in even more bullish on the token and suggests the one0year price at $136 while the five-year price is projected to be at $475. 

Aelf (ELF) is top gainer crypto during the daily timeframe as it has gained by more than 35%. The cryptocurrency’s surge can be attributed to the metaverse-themed hackathon it is currently hosting. The token had been on a sharp incline during the week; however, minor market corrections broke the uptrend. At the time of writing, the cryptocurrency stands at a price level of $0.36. The daily trading volume has surged upwards by a phenomenal 1,000%. ELF token currently stands at a market rank of #199 with a capitalization of $203 million. The daily price movement shows the bulls may, once again, push Aelf upwards. 

Top of Oasis Hackathon 

Amidst the spike in interest in the metaverse realm, Aelf has jumped up on the opportunity to explore the metaverse technology for its platform. The network aims to expand its ecosystem by introducing new projects in the metaverse and related fields into its ecosystem. 

The hackathon – Top of Oasis – went live on December 15^th, 2021 for its first round. It promises more than 680,000 USDT for winning projects along with networking opportunities, guidance, and the chance to launch on Aelf blockchain. The tracks of the hackathon are Web 3.0. Moreover, what is interesting about the project is that it has a long-term support plan through which the network will continue supporting and guiding the winning projects to ensure their success and sustainability in the long run. 

The first round of the hackathon was a success and now Aelf has also concluded the second round. Currently, the projects of the second round are in the evaluation phase which will end by 28^th February. Suffice it to say, there is a lot of hype on the network because of the interesting and innovative projects it will be onboarding. The end of the month may mark another bullish rally for the ELF token as the results will be announced by then. 

What is Aelf (ELF)?

Aelf (ELF) regards itself to be the blockchain for the future. It employs futuristic technology to enable itself to be the full-fledged business solution for developers and enterprises in the blockchain realm. The core architecture of the network follows the breakdown of the main chain and supporting side chains which gives freedom to developers and also ensures high efficiency. It also has an integrated cross-chain technology which ensures the smooth operation of the side chains in tandem with the main chain. 

Golem (GLM) is a top performer token during the daily timeframe. The cryptocurrency has been on a sharp incline during the weekly window. However, the token has experienced a bearish break during the day as the uptrend was broken but, nonetheless, the overall outlook persists to be bullish. At the time of writing, the cryptocurrency stands at a price level of $0.48. The price has jumped upwards by 75% during the past twenty-four hours while the trading volume has experienced a phenomenal surge of 4,700%. Golem currently stands at a market rank of #116 with a capitalization of $468 million. 

What is Golem (GLM)?

The rise of blockchain technology has led to a boom in decentralization all over the world. However, as the market continued to expand, decentralization came at a cost. Golem (GLM) is a project that furthers the decentralization of blockchain technology by utilizing blockchain technology. It is essentially a market for computational power. It connects people with spare computational resources with those that don’t and are in need of them. Buyers and sellers are connected for performing various tasks that require heavy computational power – including mining. 

Golem utilizes the blockchain technology; hence, it is completely decentralized and empowers the community by giving them charge of how the network should be run. Moreover, it is an interesting alternative to centralized cloud services that are costly, inefficient at times, and also compromise user privacy. The project provides high efficiency and security through decentralization. 

Future outlook 

The Golem project has a solid footing in the cryptocurrency market – given its ranking. It can soon enter the top hundred cryptocurrencies if the current price trajectory and growth continues. In terms of a one-year return on GLM tokens in comparison with similar market-cap tokens, the return has been 75%. This is a testament to the growth of the token. 

The development team is also highly focused on the network as it recently launched the fourth iteration of the platform – in collaboration with the renowned token, Polygon. The development activity on the network has also been surging with 167 commits during the past month versus an average of 37. 

However, analytics websites do not show the Golem token above $1 by the end of the year. According to the estimates of Digital Coin Price, the cryptocurrency is expected to be operating at a price level of $0.64 by the end of the year while the five-year projection places it at $1.31. 

Adventure Gold (AGLD) has been trending upwards during the weekly timeframe. The sharp incline took a hit during the day but the overall outlook continues to be bullish. The bullish performance of the token has also resulted in the hype surrounding the token. At the time of writing, the cryptocurrency stands at a price level of $1.20. The token has recorded a growth of more than 30% during the past twenty-four hours while the daily trading volume has increased by nearly 500%. AGLD token is ranked #390 in the cryptocurrency market with a capitalization of $84 million. 

What is Adventure Gold?

The NFT segment has become to be one of the most sought-after and profitable in the broader cryptocurrency market. There has been an influx of projects geared towards the digital realm as this segment is expected to continue to skyrocket. Adventure Gold is also a project that has close links to the digital space which is causing the cryptocurrency to soar upwards. 

AGLD is essentially an Ethereum-based token that powers the Loot NFT project. The token enables its owners to have voting rights and governance share in the NFT project. Loot also enabled AGLD holders to buy their exclusive Loot Bag NFTs. The NFTs are unique because they are text-based and they could be claimed for free with a user having to only pay the gas fee for minting them.

What sets apart Loot NFTs is their versatility. Holders can assign whatever purpose they deem fit and build even a whole digital universe based on a single Loot NFT. This is the cause of the frenzy around this NFT collection and since the possibilities run wild and Adventure Gold is closely linked with the project, the AGLD token has also been surging. The token is expected to become the in-game currency for an expected game of the Loot project. 

Future outlook 

The Adventure Gold has a bullish outlook currently – especially since the community has a lot of expectations from the AGLD and Loot project in terms of what it can substantiate. Moreover, the technicals are also fueling the bullish outlook. According to the estimates of Digital Coin Price, AGLD is expected to end the year with a price level of $1.64 and reach towards $3.64 in five years’ time. PricePrediction.net is highly bullish on the token and projects the token to be operating at $11 by 2027. 

ATH coins present a good investment opportunity, especially in a bearish market, because these tokens have managed to defy the market momentum. Here are some of the tokens that have managed to do that:

Juno established a new all-time high at a price level of $34 during the daily timeframe. The cryptocurrency has fallen by more than 20% from the ATH since – with the current price at $26. The platform has planned multiple activities to be completed during February-March including the launch of hacks, airdrops, new marketplaces, and expansions. The planned developments may propel the token upwards in the upcoming days.

Avinoc is another cryptocurrency that has established a new all-time high. The new record price lies at $0.47 which was established during the past twenty-four hours. The daily price chart shows that the upside trajectory has been disrupted as the price barreled towards $0.45 and continues to decline. Avinoc is bringing blockchain technology to the aviation industry.

Alpine F1 Team Fan Token (ALPINE) recorded a new all-time high at a price level of $8.50 a couple of days ago; however, the bullish momentum has ended for the token as the price tanked by more than 50% from the ATH – with the current price at $3.58. The daily price movement shows a decline of nearly 30% in the price with a 60% fall in the daily trading volume. ALPINE stands at a market rank of #536.

Magic is a loot derivative that aims to create an ecosystem with DeFi, NFTs, and blockchain gaming. The cryptocurrency established a new all-time high at $6.32, five days ago. The bullish momentum of the token has ended as the current price has fallen by 44% from the ATH. At the time of writing, the token stands at a price level of $3.38 with a decline of 24% during the day – suggesting a steep downtrend.

Retreeb is the final ATH token on our list. The token established a new all-time high at $0.43 during the running week. Retreeb is a blockchain-based payment ecosystem but within the realms of the standards and ethics of traditional finance. During the day, the cryptocurrency has declined sharply – currently trading hands $0.25 apiece.

The cryptocurrency market has, once again, fallen prey to the bears as the onset of the bullish sentiment that was seen a while ago has completely evaporated. Nonetheless, you can still increase your return on investment on the cryptocurrency portfolio if you play smart.

In this newsletter, we will take you around the market to help you identify opportunities that will pay off.

Highlights of the week

Here are some of the major developments that have taken place over the past week:

• The cryptocurrency market has taken a hit as Russia’s Vladimir Putin declared war on Ukraine
• Currently, the king of the market is standing at a price level of $35,067 with a decline of 9% during the day. Ethereum has also suffered a decline of 11% during the day with the queen trading hands at $2,361
• After El Salvador, Mexico is also eying legalizing cryptocurrencies. A senator has proposed a bill to recognize Bitcoin as legal tender; however, the bill is unlikely to be passed due to limited support
• Warner Music Group has announced a partnership with Splinterlands – a blockchain-based gaming firm – in order to explore play-to-earn games
• The European Union is planning to launch a new unit that will be tasked with the oversight of anti-money laundering activities pertaining to cryptocurrencies
• The governor of the Bank of Spain wants the country to notch up its control and surveillance over the cryptocurrency industry

Crypto fear & greed index

The crypto fear & greed index is one of the most accurate ways to gauge the sentiment of the larger cryptocurrency market. It combines various analytical measures and indicators to churn out a single number that states the evident market sentiment in light of new developments.

The index is updated on a daily basis and the current value stands at 23 – indicating extreme fear. The closer the index value is to 0, the more bearish the market sentiment is and vice versa. The market saw a brief period of break from the bears last week but the bulls could not sustain for cryptocurrencies and the market moved towards bearishness – again.

The global cryptocurrency market capitalization has also experienced a sharp decline during the day – which further exacerbates the bearish outlook for the market. Currently, the market cap is standing at $1.59 trillion with a daily decline of 9%.

The NFT segment is, hands-down, one of the most profitable segments in the cryptocurrency market as NFT collections continue to move upwards despite bearish momentums in the cryptocurrency market.

The freelancing industry is no doubt very large because of the limited barriers to entry. The boost of the NFT segment has also resulted in a surge in freelancing gigs related to NFTs. A survey conducted by Fiverr – one of the largest freelancing platforms – revealed that two-thirds of freelancers in the United States are working in the NFT sector. However, this has also sparked a debate about the sustainability of the NFT sector and a possibility of an NFT bubble.

The NFT sector has also managed to attract couture designers from the second-most populous country in the world – India. Popular designers like Manish Malhotra, Anamika Khanna, etc. have launched their NFT collections to engage better with their consumers. Moreover, India’s first fully-curated NFT marketplace, developed by Jupiter Meta, also went live yesterday.

A renowned Turkish university, Ankara University, conducted the first lesson of Turkey’s first course on NFTs which was conducted by top government officials. This indicates the favorable atmosphere surrounding the NFT segment throughout the world.

NFTs to watch

Investing in NFTs is one of the best ways to diversify your crypto portfolio and also ensure high returns because of how profitable the industry is. Here are some of the top-ranked collections to look into:

3Landers has topped the list in terms of volume ranking on OpenSea which makes it one of the hottest projects to invest in right now. The 3Landers collection went live during the running week and the team took extra measures to ensure fairness during the sale. 3Landers is a collection of 10,000 unique NFTs which give membership to their owners of a unique and exclusive community.

Tubby Cats by Tubby Collective is another top-ranked project with a volume of 11,821 ETH. The floor price of NFT collection is 064 ETH – making it an affordable project to invest in. Tubby Cats is also a recent launch in the market which is why it is currently very popular. The collection consists of 20,000 unique feline-themed NFTs. The collection has become the talk of the NFT town.

Invisible Friends is another new project that has garnered a lot of attention; however, as it is new this may be the ideal time to invest in the collection before it moves out of the realm of affordability. Invisible Friends is a collection of 5,000 animated and invisible designed by the Random Character Collective project.

CatBlox Genesis is a collection of 10,000 unique cat NFTs. The collection went live during the week which is why it is surging upwards. There is a lot of hype around the project which gives it a bullish outlook. The collection is currently ranked sixth in terms of volume on OpenSea.

NFT Worlds regards itself to be the world’s most flexible and capable metaverse platform. It is essentially a decentralized play-to-earn blockchain game. Each NFT World platform gives its owner unlimited freedom to build upon it and create their own ecosystems and games. The volume has been surging during the days as well as the weekly timeframe, indicating high interest.

We have also compiled a list of some of the top gainers of the day to help you place short bets on bullish tokens. These tokens have also managed to move against the market trend which makes them an attractive proposition.

Unify (NIF) is the top gainer on our list with an increase of 74% during the past twenty-four hours. Currently, the NIF token is standing at a price level of $15.62%. Unify has also been on a bullish trend during the weekly timeframe but it suffered briefly after which it was able to regain some of its bullish momentum. Unify provides Contracts-as-a-Service for content creators.

Silva Token (SILVA) is another top performer with a surge of 57% during the day. Silva Token powers its native platform which is geared towards crypto payments; however, the aim of the payment platform is to make crypto transactions as accessible and easy as possible. Silva Token has a rank of #1475 in the cryptocurrency market with a capitalization of $1.85 million.

CryptoCars (CCAR) is a play-to-earn blockchain-based game with the theme revolving around cars. The game is based on Binance Smart Chain. The cryptocurrency has managed to move upwards by 53% during the daily timeframe. Currently, the token stands at a price level of $0.025 with a surge of more than 400% in the daily trading volume.

TheBoring Token (TBT) is another token to invest in in the short term as it is going strongly bullish in the daily timeframe. The cryptocurrency has increased by 35% during the day. TheBoring Token powers the BoringDAO which is essentially a platform of decentralized bridges that aim to bring interoperability into the crypto market.

The final gainer of our list is Supe (SUPE) token. The cryptocurrency has managed to grow by 19% during the day with the trading volume has surged by 100%. The Supe token is currently trading hands at $16.68 apiece. The token powers the Supe Infinity ecosystem which takes after the renowned Axie Infinity gaming ecosystem.

Kadena (KDA) is one of the top gainers in the top hundred cryptocurrencies list. The cryptocurrency had been on a steady downtrend – which began during the middle of February. The cryptocurrency was gripped strongly by the bears during the time period; however, the KDA token was able to reverse its earlier-established bearish trajectory as the bulls took over for the cryptocurrency. At the time of writing, the KDA token is standing at a price level of $6.93. The cryptocurrency has jumped upwards by 12% during the day while the daily trading volume has decreased by nearly 50%. Kadena has risen the market ranks quickly and is currently the sixty-eighth largest token in the market. 

What is Kadena? 

There has been a recent shift to the Proof-of-Stake consensus mechanism from the older Proof-of-Work one because of scalability issues. However, the PoW mechanism provides the decentralization and security that has contributed to the rise of blockchain technology. Kadena regards itself to be the only Proof-of-Work protocol that delivers scalability that is on par with PoS blockchains. 

The protocol makes use of a novel technology – Chainweb – which allows it to divide transactions into shards. The Chainweb ensures that the processing speed of the network is higher. 

Why should you invest in KDA?

Kaddex – the first gas-free decentralized exchange on Kadena – has recently entered into a partnership with Hypercent Launchpad to develop the ecosystem of KDA. Both the projects are expected to lead the decentralized finance front on the network. Moreover, Kaddex itself is considered to be a very strong project in the ecosystem which may become a leading face of DeFi itself. 

Earlier, the KDA network had joined hands with Decasonic – a venture and digital assets fund – as the ecosystem welcomed Decasonic’s CEO Paul Hsu as Chief Investment and Innovation Officer. Together with Decasonic’s support, Kadena will be raising an investment fund for further development for the network. Moreover, the protocol is not just focused on its own growth but also aims to pull the larger Web 3.0 ecosystem along with itself.

The growth trajectory and the recent developments in Kadena’s ecosystem suggest that KDA may be one of the most solid projects in the cryptocurrency market. Moreover, with time, the KDA is expected to become a thriving and vibrant ecosystem. The future outlook of the cryptocurrency is also bullish with various estimates suggesting a steep uptrend in the medium to long term.

Voxies (VOXEL) is an NFT-based game on the blockchain. The token has entered Binance’s top gainer’s lost amidst a bullish wave. The project is a new launch in the market which means the price is still in the discovery phase and high volatility can be expected. However, the discovery phase can also be a good entry point for certain tokens. At the time of writing, the cryptocurrency was trading hands at $1.17. The price has recorded an increase of nearly 30% during the past twenty-four hours while the daily trading volume has increased by nearly 200%. Voxies has managed to climb up the ranks quickly and currently stands at a market rank of #467. 

What is Voxies?

The NFT segment is regarded to be one of the hottest in the blockchain industry. New collections are entering the market almost every day because of the segment’s bullish outlook. NFTs skyrocket upwards despite a bearish trend in the larger cryptocurrency market which is what makes new projects particularly interesting. Voxies is one such project. It is an open-for-all role-play-based game that takes inspiration from retro and classical styles. The game follows a tactical structure much like traditional games but with the power of blockchain technology. 

The game also has NFTs called Voxies – each of which has unique attributes that set them apart from each other. The game is aimed to become a full-fledged metaverse ecosystem; however, it is currently only in the initial phase. The VOXEL token powers the gaming ecosystem as it is utilized for buying and selling of various items within the game and within secondary markets. The demand for in-game items and the ecosystem, in general, fuels the value of the VOXEL token, and currently it is going hot. 

Should you invest in VOXEL?

While there cannot be a straight answer to this question, the scales do appear to be tipping more in favor of Voxies than against it. The reason behind this is that the project aims to create a Voxieverse of its own along with the many other things it is trying to do. The project combines aspects of the crypto world with NFTs, gaming, and metaverse – intertwining them all together. Hence, it may be a good bet. The future outlook is also bullish as Digital Coin Price predicts the price of VOXEL token to be over $3 in five years’ time.