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Category: Crypto News

  • Top three upcoming ICOs: What to lookout for?

    Top three upcoming ICOs: What to lookout for?

    Like Initial Public Offerings, cryptocurrencies have Initial Coin Offerings (ICOs). During the ICO, the project details are revealed through whitepapers and users get the first exposure to the cryptocurrency. Firms raise capital through ICOs and in return, provide tokens to investors.

    Initial Coin Offerings are very risky. The projects are usually in their inception stage without any major developments having been made. The experimental stage of the project leaves matters to speculation. A huge number of Initial Coin Offerings fail or fail to provide the returns that are expected. A lot of things can go wrong with investing in ICOs. However, in the world of investment high risk is equal to high return which is why ICOs are pretty popular.

    Risks in investing in ICOs

    Unlike an IPO, you are not investing in a registered company during an ICO. An ICO is more like investing in an idea that you believe will flourish. The highly speculative nature of ICO investment itself is a huge risk. But scammers also use social media platforms to manipulate the market. By being active on social media, anyone can drive up the value of an ICO only to sell tokens at inflated prices.

    Moreover, ICOs are not traded through official channels. There is no registered website where you can invest in an ICO so there are less safeguards, if any. You can be robbed of your investment as ICO investment is a hotbed for scammers, given the nonexistence of any checks and balances. Lastly, there is not much one can do to ensure the ICO is legitimate. A scammer can make an ICO appear so legit that many people fall for ICO scams every year.

    With that being said, the currently top ten ranked coins also had their ICOs held and people believed in their technology, took the risks and would be enjoying astronomical returns today. But of course, you can take steps to ensure from your end that the ICO has the potential and is not a scam. Research is the key to unlocking the returns of ICOs.

    Top three ICOs to look out for

    Ethbox

    Starting on March 25th, the project has set its goal at $81,250. The project presents an innovative solution to the high risk involved while trading cryptocurrencies. Ethbox will be a digital escrow service through which users can transact safe and securely.

    DeHive

    Starting in a few hours, the DeHive is like the Dow Jones of cryptocurrencies. The decentralized protocol will enlist the top performing DeFi tokens into one index. The index will comprise of impactful DeFi index which will allow investors to invest in the whole cryptocurrency market.

    PointPay

    This blockchain-based bank has set out to transform the future of banking. Point Pay is a fintech company based in Estonia and has been under operation since 2018.  The aim is to create a block chain ecosystem comprising of many financial instruments. Users can open cryptocurrency checking and savings accounts, take cryptocurrency loans and so much more. The ICO is set to end on July 22nd, 2021. The token is priced at $0.10.

  • Theta (THETA) coin headed towards $65?

    Theta (THETA) coin headed towards $65?

    Despite the bearish outlook of the whole cryptocurrency market, Theta (THETA) cryptocurrency is on a roll. The cryptocurrency is establishing a new all-time high every day. Theta was trading for only $1.5 before the new year started but when the bulls picked up, the cryptocurrency exploded. Theta coin has been on a steady upward trend since the end of February.

    Theta has established its all-time high at the current price of $14. In the 24-hour timeframe, the price of Theta went up by 20% while the daily trading volume has surged by 120%. With a market capitalization of $14,117,128,154, the cryptocurrency stands at ninth rank in the market. The market capitalization of Theta coin has also been going up. In the yearly window, the cryptocurrency’s performance has shot up by a whopping 5800%.

    Technical analysis

    The market sentiment for Theta continues to be bullish and it appears the trend will be continued by the cryptocurrency in the coming days. Out of the total technical indicators, eight stand at a neutral position while sixteen are giving out an indication of buy with just two sell indications.

    Traders are bullish on the cryptocurrency too as the market has been dominated by buyers. A trader has set up a very optimistic price target of 65$ for the cryptocurrency. Per the trader, the technical of the coin are supporting its steep upward trend and the bulls of Theta show no signs of slowing down anytime soon. Hence, according to the trader, Theta will be trading at a price level of $65 by the end of April.

    Theta (THETA) coin has broken many major resistance levels in the establishment of the current all-time high. The coin has support at the price level of $13.50 followed by $12.20.

    Where is Theta headed?

    Will the price of the cryptocurrency sustain? Or are strong market corrections underway? It is no doubt that eventually the market is going to be in the grips of the bears but is that day any time near or will Theta have strengthened so much that even the bears won’t be able to harm it?

    Theta entering the top ten cryptocurrencies has been a major development for the cryptocurrency but it should not have come as a surprise as Theta had been one of the best performing cryptocurrencies for the past week or two. Theta coin has outperformed major cryptocurrencies and is garnering increasing interest. The future for cryptocurrency seems bright and it can, very likely, climb up the market ranking ladder especially if it continues the current pace. Traders are giving out price targets from $20 to $65.

  • Will the bulls reach for Sirin Labs Token (SRN) once again?

    Will the bulls reach for Sirin Labs Token (SRN) once again?

    Sirin Labs Token (SRN) started off the year at a price level of $0.026 and after staying near stagnant for much of the first month of the year, the cryptocurrency picked up the pace and surged upwards. The cryptocurrency established its 52-week high at $0.11 during March; however, Sirin Labs Token could not sustain its price and fell drastically. The coin fell to a price of $0.053. after a brief, upward move Sirin Labs Token has once again departed on a downward trend.

    Even though the cryptocurrency is on a downward move, Sirin Labs Token has given a good performance. In the yearly window, the cryptocurrency’s performance has gone up by almost 500%. The market sentiment has turned bearish as the technical indicators give out a signal of sell. Out of the total technical indicators, ten are standing at neutral and ten are at sell position while buy indications are only six. The oscillators are mainly neutral while the Moving Averages are standing at sell indication.

    The cryptocurrency is facing a strong Fibonacci resistance at the price level of $0.088 followed by $0.10 and $0.13. In the daily time frame, the price of the cryptocurrency fell by around 2%; however, the daily trading volume has gone up by 1600%.

    Major Developments

    The aim of the firm is to become the bridge between the block chain economy and the mass market through its various innovative offerings. The Sirin Labs Token is used to buy Sirin Labs products.

    Sirin Labs has recently launched the first block chain smartphone – Finney. The smart phone runs on Sirin OS and is said to be ultra-secure. The phone comes with a built-in cold storage cryptocurrency wallet and is designed to make cryptocurrency transactions easier.

    Sirin Labs has faced quite a few controversies in the past. Many times, the cryptocurrency has ended up being scrutinized. Moshe Hogeg the Chief Executive of Sirin Labs has been a controversial figure with plenty of lawsuits under his belt. After the new block chain smartphone was launched, it was reported the Hogeg was sued for $6 million by Sirin Lab’s partner organisation Foxconn International Holdings for unpaid bills of manufacturing. The CEO had also cut half of his workforce after a $50 million lawsuit was filed against him which alleged fraud against investors.

    Despite the controversial past of the firm, Sirin Labs Token has shown a good performance which may indicate that the bad days of the cryptocurrency may be over. Time will tell whether the cryptocurrency will be able to, once again, reach out for the bulls and skirt close to its all-time high.

  • Storj (STORJ) coin: Bulls on parade

    Storj (STORJ) coin: Bulls on parade

    Storj (STORJ) coin has been trending because of its surge in performance. The coin started off the new year with a price level of $0.29 and is, at the time of writing, standing at $1.78. Storj coin achieved around 100% positive change in the past 24 hours while the daily trading volume shot up by a whopping 2400%. Currently, the Storj coin has a market rank of 121 with a capitalization of $453,288,827 which also saw an increase of around 100%. Traders are expecting the cryptocurrency to soon land in the top 20 coins.

    The market outlook for Storj (STORJ) coin is strongly bullish. The technical indicators are giving out a signal of strong buy. Out of the total indicators, eight stand at a neutral position while fifteen are giving out a buy indication with only three sell indications. In the yearly window, the Storj coin has observed a growth of around 1000% – which is a testament to the performance of the coin.

    At the current price level, Storj has broken all major resistance levels and has embarked on a steady upward trend. With the rest of the cryptocurrency in the grip of bears, Storj continues to show high bullish momentum.

    Technical analysis

    Traders are bullish on the cryptocurrency while suggesting long positions. A trader has set very optimistic price targets for Storj and believes the technical indicators are suggesting the coin is likely to reach the moon. Per the analysis, the EMA 50 and EMA 100 levels are acting as strong support for Storj. The Relative Strength Index (RSI), Moving Averages Convergence/Divergence (MACD) and the Stochastic RSI are all taking a bullish upturn – further fueling the bullish momentum of the coin.

    Storj coin has completed the first wave of a series, according to the trader, and is set to complete the subsequent waves as well. The Fibonacci level of 1.618 which lies parallel to the price level of $25 is the next price target for Storj while the wave series is set to complete at the fifth wave at the price level of $100.

    What caused the price boom?

    The recent surge in the price level of Storj cryptocurrency can be attributed to the listing of the coin on Coinbase. The leading cryptocurrency exchange has announced to list Storj coin along with Ankr and Curve. Coinbase Pro will start trading in the cryptocurrencies if liquidity conditions are met on the 25th of March.

    However, expectations of traders say that the uptrend is likely to continue in the coming days because of the potential of the technology that Storj offers.

    What is Storj?

    Storj is an open-source cloud storage platform which is completely decentralized as it is based on the Block chain technology. Through Storj anyone can sell space on their hard disks. Storj aims to compete with centralized giants like Amazon by providing storage space that is not susceptible to hacks and by offering minimum fees.

  • Is Pundi X (NPXS) a good investment?

    Is Pundi X (NPXS) a good investment?

    Pundi X (NPXS) coin started off the new year with a meagre price of $0.00017 but the cryptocurrency has been on a steady upward trajectory since the beginning of the new year. Pundi X established it 52-week high in the recent bull run at a price level of $0.0075. However, the bearish downturn of the market has affected Pundi X too. The coin, too, has abandoned its upward trend and is going downhill. At the time of writing, Pundi X was trading hands at $0.0059 apiece.

    Pundi X is ranked at 60th in the market with a capitalization of $1,541,054,158 which decreased by 10%. The price of the cryptocurrency decreased by 10% in the 24-hour timeframe while the daily trading volume shot down by 30%. Is the coin going to pick up or will it succumb to the bears?

    Technical analysis

    The market sentiment for Pundi X continues to be majorly bullish with the technical indicators giving out a signal of buy. Of the total indicators, nine are standing at a neutral position with fourteen indications of buy and three indications of sell. The market is dominated by buyers and it appears as though the dominance of the buyers will continue for a while despite the bearish outlook of the overall market.

    The NXPS cryptocurrency is nearing a major Fibonacci resistance level lying at the price level of $0.007 while strong Fibonacci support lies $0.0007. A trader has identified a parabolic upward trajectory for Pundi X. Given the performance of the coin, the trader is suggesting a long position on Pundi X and is expecting the cryptocurrency to climb to $0.022.

    Future predictions

    Wallet Investor projects that Pundi X coin will stabilize at a price level of $0.008 in a year’s time while the coin is set to stand at a price level of $0.013 in five years’ time. Wallet Investor has given Pundi X a good rating and suggests that the cryptocurrency can a good long-term investment.

    Digital Coin Price predicts that the cryptocurrency will be valued at $0.011 in 2021 and the price of Pundi X is expected to continue going upwards over the years. Digital Coin Price’s five-year estimation suggest that Pundi X will be standing at $0.029.

    Although estimates do not place the cryptocurrency anywhere near the $1 mark, it is still a good long-term investment. The market sentiment for the coin is bullish even during market corrections and even though the cryptocurrency was not able to skirt near its all-time high, NPXS still resulted in major gains for investors and traders.

    Pundi X (NPXS) with the aim to make crypto transactions as easy as anything may be close to achieving its mission. The network has been actively garnering partnerships with institutions as well as governments. Pundi X aims to distribute point of sale smart devices to small retailers in order to ensure the ease of transactions in cryptocurrencies.

  • Dent (DENT) price prediction: To the moon?

    Dent (DENT) price prediction: To the moon?

    Dent (DENT) coin is one of the cryptocurrencies stealing the show with its performance. The cryptocurrency was trading at $0.00026 in December and the bulls failed to pick it up drastically. However, in March Dent coin started portraying signs of increased bullish momentum and the cryptocurrency shot upwards. At the time of writing, Dent stands at $0.013 – which has also been established as its 52-week high.

    In the 24-hour time frame, the price of the cryptocurrency went up by 67% while the daily trading volume surged by a whopping 400%. Dent stands at a market rank of 74 with a market capitalization of $1,187,198,980 – which also increased by around 70%.

    What is Dent?

    The aim of the organization is to liberalize the mobile data market and cut down all the costs associated with using data roaming like buying local sim cards and paying high charge fees. Dent ecosystem uses mobile data as any other good or commodity. Users can buy or sell mobile data through the platform.

    The platform is built on the Ethereum block chain as a decentralized app through smart contracts with its own token by the same name, DENT. The native token is used for transactions on the network. Users utilize DENT token to buy or sell mobile data. The network gives greater flexibility to users when it comes to buying mobile data which results in less wastage of unused mobile data.

    Future predictions

    Digital Coin Price forecasts have placed the cryptocurrency on an upward trend in the coming years. Per their estimates, Dent is increasing by approximately $0.01 each year. The cryptocurrency is estimated to have a price level of $0.055 by 2028. Wallet Investor, on the other hand, is bearish on the cryptocurrency and has placed Dent at a price level of $0.0061 after a year.

    Many traders and investors are ardent believers of the Dent technology and in a world that is fast moving towards total digitization, data is going to become crucial. But as internet connectivity becomes a necessity, exploitation in terms of high charges is going to increase tenfold which is why the solution that Dent offers is going to gain popularity.

    Can Dent cross $1?

    Up until some time ago, traders were not highly bullish on the cryptocurrency given its near stagnant growth but Dent coin has pleasantly surprised everyone with its recent performance. Where hitting the $1 mark seemed like a naïve goal has now become an achievable goal. Dent has crossed most of the price targets set by traders and investors.

    Dent has garnered partnerships with Samsung Block chain. GSMA, Telecom Infra Project, Enterprise Ethereum Alliance and many more. The wireless technology of Dent is on the rise and with increasing popularity, the cryptocurrency can possibly cross $1.

  • BitTorrent (BTT) Price Prediction: Will BTT Hit $1 by the End of 2021?

    BitTorrent (BTT) Price Prediction: Will BTT Hit $1 by the End of 2021?

    BitTorrent crypto was priced at $0.00028 in December. The coin stayed stagnant for much of January and then suddenly exploded in February. The price of the cryptocurrency has been increasing at an exponential rate ever since. BTT token is currently standing at a price level of $0.0035 which has also been established as its all-time high. The price of BTT saw an increase of 15% in the past 24 hours. The cryptocurrency has gathered the spotlight with its phenomenal performance. Standing at its all-time high, traders are hopeful and are expecting the coin to continue to go upwards.

    BitTorrent (BTT) is ranked at 32 in terms of market capitalization. With a value of $3,539,274,125, the market cap of the coin has gone up by 15%. In the daily timeframe, the cryptocurrency has stayed relatively stable. BTT established its 24-hour at $0.0038 while the low for the day stands at $0.0025.

    Technicals

    The market sentiment for the cryptocurrency is bullish. Seven of the technical indicators are standing at a neutral position with fifteen giving out a buy indication and only four are at sell position. The market continues to be dominated by buyers. The oscillators are neutral while the Moving Averages are giving out a strong bullish indication. Given the current trajectory of the cryptocurrency, it can be expected to be moving towards the classic resistance level of $0.0044.

    What is BitTorrent crypto?

    Justin Sun, founder of Tron Foundation, acquired BitTorrent, the peer to peer file sharing software, in 2018. Sun has had plans of driving the project to new heights. It was soon revealed that the BitTorrent token (BTT) will be integrated into the platform to increase its efficiency. BTT token runs on the Tron protocol and it is used to incentivize users on the BitTorrent software to share their files on the network.

    Users are rewarded with BTT for seeding and bandwidth. This makes files available on the network and, hence, easier downloads. Requesters – those who request files or wish to increase their download speed – buy and spend BTT tokens on the platform and providers – those who upload files – earn BTT and can subsequently choose to utilize the tokens on the network or convert it into fiat money.

    Will BTT continue upwards?

    The enigmatic Justin Sun has been very active in the field – constantly rolling out plans for BTT. From partnership with Huawei to the launch of DLive protocol, BitTorrent has been gaining popularity. Moreover, given the recent performance and market sentiment, it can be safe to assume that BitTorrent coin may soon establish a higher all-time high. Major cryptocurrencies like Bitcoin and Ethereum have turned bearish but despite the downwards movements of the market leaders, BTT has established its all-time high – indicating towards the high bullish momentum on the coin.

  • Polkadot (DOT): Partnering its way towards its vision

    Polkadot (DOT): Partnering its way towards its vision

    With its all-time high at $41, Polkadot (DOT) coin is facing major resistance at the price level of $40. Ever since the establishment of the all-time high level, Polkadot crypto has tried numerous times to break the resistance but had been unsuccessful every time. During the 24-hour timeframe, the cryptocurrency topped at $38 and with some major fluctuations went as low as $35. At the time of writing, the Polkadot coin has stabilized at the price level of $37.

    The market sentiment for Polkadot coin continues to be bullish. Ten of the technical indicators stand at a neutral position while fourteen are giving out a signal of buy and only two are at sell position. The market is dominated by buyers as the positive future outlook for the cryptocurrency continues. Where the oscillators are bearish, the Moving Averages are giving out a strong buy indication.

    A step closer to its vision

    The vision of Polkadot is to facilitate the interoperability and interconnectivity between block chains. The organization believes that no single block chain is the solution and every block chain has a unique offering which is why it is crucial for all the block chains to work together towards the multichain future.

    Polkadot recently revealed that it has entered into a partnership with six distinct protocols to work towards its goal. The protocols include: Interlay, Darwinia, Snowfork, ChainX, Centrifuge, Bitfrost. The end goal of the project is to increase the inter-blockchain compatibility. From building bridges from Ethereum and Bitcoin to Polkadot, to cross-chain tokens and NFTs, the project is destined to take Polkadot to the next level.

    Polkadot is the project of Web3 Foundation – a Swiss firm working towards a user-friendly decentralized web. With keeping its goals in mind, all the bridges are completely decentralized and trustless.

    Polkadot (DOT) addition to Bybit

    Bybit – the leading derivatives trading exchange – has now added Polkadot cryptocurrency to its platform along with Uniswap and Cardano. The users of the platform will now have access to perpetual contracts margined with USDT. Bybit has been regularly adding more pairs to its exchange platform due to increased customer demand. The recent addition of the three pairs are expected to help maintain the liquidity of the exchange.

    Amidst all the recent developments, Polkadot (DOT) cryptocurrency has been garnering increasing interest. The platform has a unique offering and as the decentralized web gains exponential adoption, the solution that Polkadot has to the woes of the block chain are going to become important. Polkadot (DOT) has risen very quickly and is currently ranked at 6th in terms of market capitalization – which is a testament to its potential. It would be fair to expect the cryptocurrency to continue to thrive and grow. 

  • Ripple (XRP) crossing major resistance: Is a delayed bull run to begin?

    Ripple (XRP) crossing major resistance: Is a delayed bull run to begin?

    Amidst growing tensions between the SEC and Ripple Labs, Ripple (XRP) is surging. The Ripple cryptocurrency crossed the dreaded $0.50 resistance level and is as of this writing trading at $0.5120. Earlier in November last year, Ripple coin fell from a high of $0.70 to $0.20 as the SEC announced a lawsuit against the firm. Subsequently, the cryptocurrency was delisted from many major exchanges on the allegations that XRP has been trading as a security rather than a cryptocurrency. Ripple (XRP) tried to move back up but with growing tensions it was unsuccessful in doing so. However, as the proceedings of the lawsuit started the strong defense of Ripple labs became clear and bullish momentum picked up once again.

    Major developments

    1.What’s happening on Twitter

    The Twitter community has not been inactive for the past few days. With the court hearing of the Securities and Exchange Commission vs. Ripple Labs, XRP holders believe Ripple Labs has a much stronger case than the SEC.

    Twitter community has started a campaign of asking major exchange likes Coinbase and Binance to relist the cryptocurrency. The hastag started trending on Twitter. In the end, exchanges might have to succumb to the high demand and bring back Ripple cryptocurrency. The Twitter community is extremely bullish on the cryptocurrency and XRP holders believe it is only a matter of time before Ripple XRP explodes.

    2. SEC lawyer gives the green light to exchanges

    During the recent court hearing in the SEC v. Ripple Labs lawsuit, Magistrate Judge Sarah Netburn pointed out that all those involved in the trading of Ripple (XRP) are involved in the illegal sale of securities. To which, the SEC lawyer replied that only Ripple and affiliates are involved in the illegal sale of XRP. This remark has been one of the reasons behind the Twitter campaign of asking exchanges to re-list the cryptocurrency. Given the green light by none other than the SEC’s own lawyer, this major development can lead to exchanges relisting the cryptocurrency.

    3. The future of CBDCs

    The SEC lawsuit has not been hindering the activity of Ripple Labs. The firm published a white paper on the future of central bank digital currencies and proposed Ripple (XRP) as a viable bridge between CBDCs. CBDCs can contribute towards innovation and financial inclusion – a long aim of the Ripple Labs. Using XRP as a bridge will prove to be highly efficient and cost effective.

    Having crossed the Fibonacci pivot point of $0.5034, the next Fibonacci resistance level lies at $0.6620. The market for Ripple (XRP) is under the hold of the bulls, with the technical indicators giving out a signal of buy. As the lawsuit unfolds, major shifts can be observed in the cryptocurrency’s market.

  • Where Will Theta Coin Be in 5 Years?

    Where Will Theta Coin Be in 5 Years?

    Theta coin started off the year with price level of mere $1 but now stands close to crossing $10. In the 24-hour, the price of the Theta cryptocurrency saw a positive change of 15% while the daily trading volume increased by 95%. Theta (THETA) stands at a market rank of 14 with a market capitalization of $8,805,148,122 which also increased by 14%. The all-time high was achieved at a price level of $9 while at the time of writing, Theta stands at $8.85.

    From partnership with Sony Europe to the launch of the decentralized exchange ThetaSwap, the network has been busy as Theta gains increasing popularity. With its recent rise in popularity, investors are flocking towards the cryptocurrency and the market is dominated by buyers.

    Technical analysis

    A trader has identified the cryptocurrency to be operating in a parabolic formation. Per the trader, Theta can be expected to gradually rise in value over the years. The first target price of the trader lies at $100. The parabola has been in formation since the bull run of 2018-2019. Even though the price of Theta had not been growing at a high rate, when looked at from the longer time perspective it can be clearly observed that the parabola has been valid. The cryptocurrency broke out of the parabolic formation during 2020 but quickly regained strength and wen back up.

    The market sentiment for the cryptocurrency is strongly bullish. The technical indicators stand at a position of strong buy. Of the total indicators, nine are neutral while 15 are standing at buy position and only two are at a position of sell.

    Future projection

    According to Wallet Investor, the one year forecast for Theta places the cryptocurrency at $12 while in five years’ time Theta can be expected to have a price level of $35. Digital Coin Price, too, is optimistic on the coin and places it at $40 in five years’ time. Per their estimates, Theta will be $15 in 2022 and gradually climb upwards. Gov Capital forecasts Theta to be priced at $20 after five years.

    The price of the Theta cryptocurrency is set to increase over the years but where is it going to stop? What will be the value of Theta after five years? These are all questions that will be haunting any Theta-holder’s mind and while there is no certain answer to these questions, one thing has been made clear by the future projections which is that Theta is a great long-term investment. The network has the potential to grow and, hence, pull the Theta cryptocurrency upwards. As long as the market does not crash and market corrections stay minimal, Theta will continue to rise.