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Tag: Price Prediction

  • Uniswap (UNI) coin price to cross 0?

    Uniswap (UNI) coin price to cross $100?

    Uniswap (UNI) has reversed its downward trajectory and began moving upwards towards the end of June. The cryptocurrency has been oscillating up and down but moving upwards largely. At the time of writing, Uniswap stands at a price level of $21.25. The price has increased by 6% in the past twenty-four hours while it has declined in the past seven days. The daily trading volume is also dropping.

    Uniswap (UNI) technical analysis

    The market sentiment for cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out an indication of buy with ten standing at a neutral position and only five indicators bearish at a sell signal. Both the oscillators and moving averages are bullish in general.

    Uniswap (UNI) technical analysis
    Uniswap (UNI) technical analysis

    Uniswap (UNI) had been operating with an ascending trend line earlier; however, the recent price movements show that the cryptocurrency may have broken off from the upward trend. At the time of writing, UNI coin appears to be oscillating between two major price levels which lie at the Fibonacci retracement levels – the support at $19 and the resistance at $21. The upcoming price action will be determined by which of these price levels will prove to be stronger. If the support fails, then subsequent supporting levels can be found at $18 followed by $16 and $14. If the resistance is broken then the next will lie at $24.

    Uniswap (UNI) coin price prediction

    The long-term price prediction for UNI crypto are bullish. According to the projections of Wallet Investor, Uniswap crypto is expected to be priced at $62 after a year’s time while the five-year projection shows a price level of $227. The price prediction of Digital Coin Price is similar although not as much bullish. Per their projections, UNI crypto will end the year at $31.5 while the price in 2028 is expected to be $96.

  • Litecoin (LTC) coin price prediction – To cross 0?

    Litecoin (LTC) coin price prediction – To cross $500?

    Litecoin (LTC) has not formed any decisive price action as of yet. The price of the cryptocurrency is oscillating without any certainty. At the time of writing, Litecoin stands at a price level of $135. The price has moved up slightly in the past twenty-four hours while in the weekly timeframe Litecoin has suffered losses of nearly 7%. The daily trading volume of the cryptocurrency is also dropping.

    Litecoin (LTC) technical analysis

    The market sentiment for Litecoin is bearish. Out of the total twenty-six technical indicators, twelve are giving out a signal of sell with ten standing at a neutral position and only four giving out a buy position.

    Litecoin (LTC) technical analysis
    Litecoin (LTC) technical analysis

    Litecoin has been identified to be operating inside an ascending channel formation in the long timeframe. The historical price movements of the cryptocurrency show a trend which can be translated into Elliot waves. At the moment, Litecoin has formed a new Elliot wave series.

    After completing the first wave of the series, the cryptocurrency is moving downwards towards the lower boundary of the channel for the formation of the second. If the Elliot wave series is validated by Litecoin then it will continue to uphold the trend found in the historic price movement. Per the long-term analysis, the price of the cryptocurrency is expected to continue its upwards trajectory. The price target for Litecoin is set at $2,000.

    Litecoin (LTC) price prediction

    Litecoin (LTC) being one of the high-market cap cryptocurrencies had bullish long-term price predictions. According to the estimates of Digital Coin Price, Litecoin is going to end the year with $198 while the price in 2028 is expected to be at $623. Wallet Investor has a similar projection for the price of the cryptocurrency. According to their projections, Litecoin’s price level after a year will be $216 while the five-year projection shows a price of $515.

  • Why is AAVE coin moving upwards?

    Aave (AAVE) has been one of the best performing cryptocurrencies in the past week with a gain of 32%. The cryptocurrency has been trending upwards since the end of June all thanks to increasing interest in decentralized finance. At the time of writing, Aave stands at a price level of $299. The cryptocurrency moved upwards by 6% in the daily timeframe while the trading volume increased by nearly 30%.

    The market sentiment for Aave is bullish. Out pf the total twenty-six technical indicators, eleven are giving out a signal of buy with nine standing at a neutral position and six indicators signaling a sell position. The oscillators are neutral while the moving averages suggest a strong uptrend.

    DeFi space has been one of the top sectors in terms of performance. Although the bearish divergence of the market resulted in investors shying away from DeFi space along with other sectors, a comeback is being observed. In the past week, the DeFi sector has increased by $15 billion while the market capitalization skirted close to $80 billion. The DeFi space is one of the most lucrative sectors of the blockchain industry with good potential. Cryptocurrencies like Aave and Compound have contributed significantly to its growth.

    The development team of Aave has a lot in store for the DeFi lending protocol. The team revealed the news of a Pro version of the network to be launched soon in a Webinar held last week. Following the webinar, attendees received a follow-up email with more details of the permissioned version. Aave Pro is targeted towards institutional investors and will incorporate V2 smart contracts. The pro version has been cited to be a result of increasing interest in the project of institutional investors. The launch of Aave pro is scheduled for July and has helped turned the market sentiment for Aave bullish.

    Is Aave a good long-term investment?

    The DeFi sector, in general, has a lot of potential – which appears to be only increasing with time. The technical for the cryptocurrency indicate towards more bullish momentum. The price forecasts for Aave in the long run are also bullish. According to Wallet Investor, Aave price level will be close to $800 in a year’s time while it is expected to be trading at $3,086 in five years’ time. Per the estimates of Digital Coin Price, Aave crypto will end the year with a price level of $425 while the price in 2028 is expected to be $1,329.

  • Algorand (ALGO) coin price prediction – To cross $1 soon?

    Algorand (ALGO) has been going downhill since the beginning of May. The cryptocurrency has been struggling with maintaining bullish momentum and eventually succumbed to the bears. As June ended, the cryptocurrency market showed signs of revival but the signs fell short for Algorand as it spiraled downwards once again. At the time of writing, Algorand stands at a price level of $0.86. The price has declined by 5% in the past twenty-four hours while the trading volume has fallen by 8%.

    The market sentiment for Algorand is bearish. Out of the total twenty-six technical indicators, fourteen are standing at a sell position with nine neutral indications and only three signals at buy. The oscillators are neutral while the moving averages are bearish.

    Algorand has been operating with a descending trendline. The trendline has also been acting as resistance for the cryptocurrency. Unless bullish momentum overtakes the market, Algorand is expected to continue downhill with lower price levels as major resistances. The relative strength index can also be observed to be declining.

    The price prediction in the long-term for Algorand is optimistic. Digital Coin Price predicts that the cryptocurrency will end the year at a price level of $1.31 and will be operating at a price level of $3.76 in 2028. Wallet Investor’s predictions are more bullish. Per their estimates, the price after one year would be $1.71 while the five-year price will be $5.22.

    Algorand (ALGO) major developments

    Even though the cryptocurrency is bearish, the development team of Algorand has been active. Algorand has made the official wallet of the network open-source and the codebase is now publicly available. Moreover, there has also been an influx of new projects on the network. A couple of former PayPal employees have launched a cross-border payment network on Algorand.

  • Why Terra (LUNA) coin may be a good investment?

    Why Terra (LUNA) coin may be a good investment?

    Terra (LUNA) has been trending as the team goes full force with developments of the blockchain. Terra had been gaining since the end of June; however, the bullish momentum was overtook by the bears in the market. At the time of writing, LUNA crypto stands at a price level of $ 6.79. The price has decreased by 4% in the past twenty-four hours while the trading volume has also declined.

    Why is Terra (LUNA) going upwards?

    The Terra blockchain utilizes stablecoins to power the global payment system.  The proposition of Terra makes it unique as it combines the efficiency and speed of cryptocurrencies with the stability of fiat-pegged stablecoins to power the payment systems. The development team of the blockchain has been busy which coupled with an increasing interest in stablecoins resulted in a price rally for Terra (LUNA).

    Terra has entered into a one-stack partnership with Harmony (ONE) which resulted in furthering the bullish trends of both cryptocurrencies. Both the platforms have agreed to join forces to explore DeFi initiatives together. Under the partnership, Terra will add Harmony to its Shuttle Bridge platform which will enable users to send Terra’s UST stablecoin across other blockchains. UST can be migrated to Harmony and used in applications on Harmony’s blockchain.

    Terraform Labs – the firm behind Terra (LUNA) – has also announced to utilize 50 million Terra SDT from the firm’s reserve fund for Anchor Protocol. The role of stablecoins in the cryptocurrency ecosystem is also increasing exponentially which has resulted in a boost of Terra (LUNA).

    Is Terra (LUNA) a good long-term investment?

    Given the recent performance of the cryptocurrency, Terra (LUNA) appears to be a good investment. Moreover, the development team is highly reputable and the offering of the blockchain unique. The technicals for LUNA coin are also going strong – with a bullish outlook. According to the estimates of Wallet Investor, Terra (LUNA) will be standing at a price level of $60 in five years’ time. Although a word of caution, the cryptocurrency market is highly volatile and anything can happen.

  • Telcoin (TEL) price under bearish momentum

    Telcoin (TEL) price under bearish momentum

    Telcoin (TEL) is one of the worst-performing cryptocurrencies in the weekly timeframe. Telcoin is on a sharp downward trend with the bears dominating the cryptocurrency. TEL crypto had also been highly volatile with a few minor upside breakouts. At the time of writing, Telcoin stands at a price level of $0.020. The price has declined by 10% in the past twenty-four hours while the trading volume has climbed up by 30%. Whether the sellers will continue to overpower the buyers, is yet to be seen.

    Telcoin (TEL) technical analysis

    The market outlook for Telcoin is strongly bearish. Out of the total twenty-six technical, indicators, fifteen are giving out a signal of sell with nine standing at a neutral position and only two indications at buy. Both the oscillators and moving averages are bearish – the moving averages more so than the oscillators.

    Telcoin (TEL) technical analysis
    Telcoin (TEL) technical analysis

    Telcoin (TEL) has been operating in a descending channel formation since the peak in May at $0.064. The bearish momentum has been dominant for two months. TEL crypto is near some crucial resistance and support levels. The cryptocurrency can find support at the price level of $0.018 which lies parallel to the Fibonacci retracement level of 0.786. The nearby resistance level lies at the 0.236 Fibonacci level – $0.027. The resistance also coincides with the upper boundary of the channel which makes it a major resistance.

    Telcoin (TEL) price prediction

    The Ethereum based cryptocurrency aims to be a bridge between the blockchain and the telecommunications industry. As the adoption of the blockchain technology increases, its incorporation in various industries will also rise – pulling cryptocurrencies like Telcoin upwards. The long-term price prediction for TEL crypto is optimistic. Wallet Investor predicts Telcoin will be priced at $0.169 in five years’ time – more than 700% increase. Digital Coin Price also expects a price increase from the cryptocurrency, although not as vigorous. Per their estimates, Telcoin will be trading at $0.092 by 2028 – an increase of 360%.

  • Solana (SOL) coin price prediction of 1 possible?

    Solana (SOL) coin price prediction of $391 possible?

    Solana (SOL) started off on an upward trend since the end of June. Solana has been gaining bullish momentum; however, it has now entered a consolidation phase with decreased volatility. At the time of writing, the cryptocurrency stands at a price level of $35. The price has increased slightly in the past twenty-four hours while the trading volume has also gone up by 20%.

    Solana (SOL) technical analysis

    The market outlook for the cryptocurrency is bullish. Out of the total twenty-six technical indicators, fourteen are standing at a buy position with ten indicators at neutral and only two suggesting a sell. The oscillators are neutral while the moving averages suggest a strong uptrend in the daily timeframe.

    Solana (SOL) technical analysis
    Solana (SOL) technical analysis

    A trader has identified various crucial levels for the cryptocurrency. Solana (SOL) is operating in an ascending channel formation. The cryptocurrency is currently near a major resistance level at $35. If Solana is able to break this resistance, it would confirm the bullish trend. The break out from the resistance level will activate price targets at $39 followed by $41.

    The price predictions for the cryptocurrency are favorable as it is considered a good long-term investment. According to the estimates of Wallet Investor, Solana is expected to be operating at a price level of $105 in a year’s time while the five-year projection shows a price of $391. Digital Coin Price’s forecast is not as optimistic but optimistic nonetheless. Per their estimates, Solana will end the year with a price of $51 and will continue climbing upwards till $153 by 2028.

    What might push the cryptocurrency upwards?

    Solana’s blockchain provides DeFi solutions. The network has been garnering increasing popularity. The Solana blockchain has had plenty of good projects working on it with plenty more under development. Recently, Solrise Finance – a decentralized asset management based on Solana’s blockchain – raised $3.4 million in its ICO. The number of good projects of the blockchain is increasing exponentially and the utility and potential of Solana is evident. This may help Solana achieve the optimistic price targets set for it.

  • Internet Computer Protocol (ICP) coin – Bearish price predictions

    Internet Computer Protocol (ICP) coin – Bearish price predictions

    Internet Computer Protocol (ICP) was once hyped up to unimaginable levels; however, as the initial hype died down, the cryptocurrency suffered immensely. Where ICP was once trading at above $500, the price is now in double figures only. At the time of writing, ICP stands at a price of $42. The price of the cryptocurrency has declined by more than 10% in the past twenty-four hours while the trading volume has declined by 40%.

    Internet Computer Protocol (ICP) technical analysis

    The market sentiment for ICP is bearish. Out of the total twenty-six technical indicators, eleven are standing at a sell position with nine giving out a neutral indication and only two indication of buy. The oscillators are neutral while the moving averages suggest a strong downtrend.

    Internet Computer Protocol (ICP) technical analysis
    Internet Computer Protocol (ICP) technical analysis

    ICP crypto has been identified to be forming a head and shoulder formation. The cryptocurrency has broken down from the neckline of the bearish formation which validates the analysis. The bearish H&S formation indicates the dominance of the bears in the market. The upcoming price movements may further validate the analysis as ICP coin moves downwards. The cryptocurrency may be expected to stabilize at the supporting region lying at the price level of $34. Bullish momentum can make a a comeback if the cryptocurrency stabilizes in the region.

    ICP price prediction

    The price predictions for the cryptocurrency are mixed. There is still debate about the discovery phase of ICP. Wallet Investor’s estimates are bearish on ICP coin even in the long-term. It estimates that ICP will fall to $3.47 in a year’s time. On the other hand, Digital Coin Price is optimistic about the price of ICP. Per their estimates, ICP crypto will be valued at $65 by the end of the year and at $185 by 2028.

  • SAFEMOON coin: Is it a good investment?

    SAFEMOON coin: Is it a good investment?

    SafeMoon immediately gained in popularity in the bull run of 2021 after its launch in March. SafeMoon observed gains of around 900% in April which instantly brought it under the spotlight. The cryptocurrency has a unique functionality which incentivizes holding. SafeMoon is debated to one day rival Dogecoin in popularity and it continues to stay under the limelight.

    At the time of writing, SafeMoon stands at a price level of $0.0000033. The price has declined by 6% in the past twenty-four hours while the daily trading volume is also going downwards. SafeMoon currently stands at a rank of 206 in terms of capitalization.

    How does SafeMoon work?

    SafeMoonwas created in March 2021 on the Binance Smart Chain. The slogan of SafeMoon is “safely to the moon”. Although the price of the cryptocurrency is low in absolute terms, the growth it has had and the growth potential it carries is what intrigues investors and traders alike.

    SafeMoon incentivizes holding of the cryptocurrency while a 10% penalty is imposed on sellers of SafeMoon. Of the 10% transaction fee, 5% are reflected back to holders while the other 5% is directed to wallets in other currencies.

    What is in store for SafeMoon?

    The team of the cryptocurrency has ambitious plans for it. SafeMoon aims to build an NFT exchange. The team is also looking into education and charity projects to get involved in. The price projections for SafeMoon coin are optimistic. In the longer timeframes, an upward trend can be expected from the price movements.

    According to the estimates of Wallet Investor, the cryptocurrency will be trading at $0.000017 in a year’s time while the five-year projection shows a staggering 2000% increase with a price of $0.000074. SafeMoon can be safely regarded as a good investment in the long term; however, the cryptocurrency market is highly volatile and anything can happen at any time.

  • Enjin (ENJ) coin price prediction – .48 in five years

    Enjin (ENJ) coin price prediction – $9.48 in five years

    Enjin (ENJ) crypto has been suffering from strong bearish divergence as is most of the cryptocurrency market. The cryptocurrency is on a downtrend and appears to be falling even lower. At the time of writing, Enjin coin stands ata. Price level of $1.08. The price has moved down by 6% in the past twenty-four hours while the daily trading volume has increased slightly.

    Enjin (ENJ) technical analysis

    The market sentiment for ENJ coin is bearish. Out of the total twenty-six technical indicators, fifteen are standing at a position of sell while nine indicators are neutral with only two giving out a signal of buy. The oscillators are neutral as the cryptocurrency is relatively stable while the moving averages suggest a strong down trend.

    Enjin (ENJ) technical analysis
    Enjin (ENJ) technical analysis

    Enjin coin had been operating along a downward resistance line after the all-time high was established. Currently, ENJ crypto has reached upwards towards breaking the resistance line. The current price level coincides with the resistance level. This may be an indication of the onset of bullish momentum for the cryptocurrency. If Enjin crypto does not get rejected at the resistance level higher price targets can be activated.

    Enjin (ENJ) price prediction

    Enjin is a social gaming platform where users can tokenize in-game items. The cryptocurrency had showed phenomenal growth during the bull-run; hence, it is considered a good project in the longer timeframes. Wallet Investors’ estimates place the cryptocurrency at a price of $2.70 after a year while the 5-year forecast suggests a price of $9.48. Digital Coin Price is not as bullish on the cryptocurrency although it, too, predicts the growth of ENJ coin. Per their estimates, Enjin coin will end the year at $1.62 while the price will continue to gradually climb upwards to $4.82 in 2028.