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Tag: walletinvestor

  • Decentraland (MANA) – On to hew Heights?

    MANA is ranked 30th in terms of market capital on coinmarketcap, with a market dominance of 0.02 percent. MANA is currently being traded at $3.24 at the time of writing. In the last 24 hours, the price of the coin has risen by about 14%. The day’s high and low points are about $3.43 and $2.82. On the other hand, the daily trade volume jumped by about 218.17 percent in a single day.

    This new pump came after the news that Samsung joined Decentraland in their metaverse. Before the fall, MANA had reached an all-time high of roughly $1.67 in April 2021. During the drop, MANA formed a bottom and fell to $0.37 in June. The coin displayed reversal, just like many other coins, and soon it was trading above the old all-time high. This month we have seen a decrease of about 3%.

    MANA has a total supply of roughly 2.19B tokens, with around 1.82B in circulation. MANA can be purchased on a variety of exchanges, including KuCoin, Binance, and FTX.

    Technical Analysis – Decentraland (MANA)

    MANA since the news about Samsung had been pumping hard. Before this news, the price had been in consolidation and been ranging. The price before had failed to create a higher high and soon broke the structure.

    MANA -1D

    During this break of structure, the price failed to sustain the value. The price had left an order block in this zone that hasn’t been mitigated to date.  Now if we see the chart, we will notice that there is no visible reason for the price to go down now.  The price has had a bounce from the zone and the level has been respected many times showing that the support is strong. Now we can expect the price to move towards the higher high and higher low and mitigate the order block that lies above.

    Price Prediction – Decentraland (MANA)

    MANA has been one of the market’s most optimistic cryptocurrencies. As a part of Metaverse Projects, it is highly bullish. MANA is predicted to reach $5.680 in one year, according to Walletinvestor. It is predicted to reach $15.232 in five years. This suggests that MANA has a lot of potentials and can generate a lot of money, Traders believe it won’t be long before it achieves new all-time highs and trades above its old-time high.

  • Hex (HEX) – Where can the Price Go Now?

    As the blockchain analog of the Certificate of Deposit used in traditional financial markets, HEX is supposed to be a store of value to replace it. On the Ethereum network, HEX is based on the ERC network.  HEX is also built to take advantage of the Ethereum network’s burgeoning DeFi (Decentralized Finance) ecosystem in cryptocurrencies.

    The project allows the users to stake their coins and in return, new HEX coins are minted and provided to them. It includes measures that stimulate price appreciation and disincentives price damage. Stakers who cease their stake early are penalized by the HEX smart contract, while those who stake higher amounts of HEX for longer durations are rewarded.

    Price Movement 

    HEX is now trading at $0.2256, up over 6% in the previous 24 hours, during the writing of this article.

    Within this time frame, the lowest value was near $0.2117 and the highest was around $0.2292. According to the coin market cap that provided the recent data, the coin is at 201st place and is on many traders’ watchlists. It is currently one of the top gainers among the top 200 coins.

    HEX approached its new All-Time High around the price of $0.5323 during the month of September. It was a quick upward surge, but the price has slowly retraced back to a lower level. Today’s trading volume, on the other hand, has risen by over 21.64 percent.

    The top exchanges for trading the coin are currently HitBTC, Bitget, Uniswap.

    Technical Analysis – Hex 

    The coin is at a very decisive point from where its future movement can decide the trend of the market. If the price can stabilize itself here, we can look for a higher high and higher low. If it fails we can look for a mitigation of the order block that lies below.

    HEX - 1D

    The order block has remained untapped to date and the price movement of the next few days can decide whether it taps there or not. If it goes there, we can look for a possible long.

    Price Prediction – Hex  (HEX)

    Walletinvestor thinks that HEX is a good investment. According to them, the one-year projection puts the coin at two times the current price. In one year, the price is expected to reach a value of $0.530. But the five-year projection puts HEX at a value of $1.795.

  • Counos X (CCXX) – What Is the Project About

    Counos X (CCXX), which was launched on June 1, 2019, by a Swiss team, was created to make payments and clear purchase invoices easier, with a focus on fiat money exchange. While the value is purely dependent on market sentiments, efforts are made to keep the value from fluctuating excessively.

    Based on the currently published roadmap, CCX has the following ideas in mind.

    • Certification System
    • Counos Omni Layer (Issue Token)
    • Decentralized Finance (DeFi)
    • Copyright System
    • Election System

    Any user having a Counos Platform SSO account can use the staking system to store their Counos (CCXX) Coin or Counos X and receive a return based on their chosen plan’s due date:

    • Simple requirements to start staking
    • 3-month to annual plans to hold cryptocurrencies and earn money.
    • Full access to the account balance, as well as the ability to withdraw funds before the due date

    Price Movement – Counos X 

    The price of CCXX is about $71.71 at the time of writing, up 80 percent in a single day and while the rest of the market is floundering. It is currently one of the top gainers. Today, the volume has climbed by over 83 percent. The additional volume is estimated to be roughly $1.9 million.

    During this time, the low point was around $39.13 and the high point was around $73.65. According to the most recent data released by the coin market cap, the currency has risen to number 209, indicating that it is on many traders’ watchlists.

    CCXX reached a near-all-time high in December, hovering around $179. The CCXX coin has a very small supply of roughly 21 million coins. Around 85 percent have been distributed in the market, according to coinmarketcap. As a result of this small supply, CCXX has become gained a huge price with just a small market cap as compared to other coins.

    Price Prediction – Counos X (CCXX)

    CCXX has been one of the market’s most pessimistic coins. Despite the fact that the price of CCXX has risen dramatically in just a few months. CCXX is expected to reach a value of $6.051 in a year, according to wallet investor. When compared to the current price of the coin, this is a significant decrease. However, traders are enthusiastic about the price movement and believe it will be worth much more in the future.

  • What is Ren (REN) – Interoperability

    When compared to other financial platforms, De-Fi platforms offer a lot more functionality. It’s not always clear whether you may use your assets in defi to perform operations like yield farming. It’s the reality that most blockchains don’t link to each other, resulting in a significant communication gap. This gap can be filled, allowing the blockchains to communicate with one another. Interoperability between blockchains is referred to as blockchain interoperability. This allows you to use the money on many blockchains, including BTC and defi functionalities. REN is one such protocol that allows for blockchain interoperability.

    How Does Ren (REN) Work?

    The native token is converted to an Eth counterpart that may subsequently be utilized on DeFi by REN. Users can use any native token and a blockchain with smart contracting to achieve interoperability in this way. BTC, for example, can be processed and minted by REN to produce renBTC, which has the same value (ratio) as BTC and can be used on the target blockchain.

    The REN coin is used to keep the ecosystem stable and operational. The cryptocurrency is used to allow Darknodes to function. The nodes are kept in the dark and don’t know what information they’re processing, thus setting up and running a node is difficult. To avoid the usage of rogue nodes, 100,000 REN tokens are necessary to run. The REN network employs a certain quantity of REN to allow the formation of DarkNodes, similar to how PoW (Proof of Work) and PoS (Proof of Stake) work to control the generation of blocks using computational power and staking.

    Price Movement – Ren (REN)

    The coin hit an all-time high in April, when it hit a price of about $1.84, before plummeting to a price of nearly $0.0151, losing 95 percent of its value. REN is currently trading at $0.5898, down 6 percent in the previous 24 hours, at the time of writing this article. At the start of Q4 2021, there was a good pump. Since the reversal, the price has risen dramatically and provided fantastic gains. The volume has decreased by 23.02 percent in the last 24 hours.

    On the monthly time frame, we have seen an increase of about 11% this month and we can see that the coin has created a double top on the monthly time frame.

    REN is listed on the coin market cap at the 136th number. It has a market dominance of about 0.03%.

  • BakerySwap (BAKE) – The new DEX

    People used to begin transactions themselves before the advent of digital order books. As there was the possibility of market manipulation, this resulted in human errors and manipulation. Then came the automated system, which reduced human-related concerns. When blockchain was first introduced, developers began integrating AMM technology into the blockchain network. Liquidity pools are accessible in AMM, and they include both assets on a trading pair. Other platform users supply liquidity, and in exchange, they receive rewards based on the quantity they provide and the network they use. BakerySwap (BAKE) is a DEX (decentralized exchange) that has implemented AMM.

    BakerySwap is a DEX that works with AMM. It is built on the Binance Smart Chain platform. Users can utilize BakerySwap to provide liquidity to various trading pairings in pools. Users that give more liquidity receive a higher reward based on the amount they have provided.

    What are Decentralized Autonomous Organizations (DAO)

    DAOs are open-source networks managed by computer programs created by some of their members without the intervention of central leadership. They are entirely run by their members, and there is no single leader. DAO is exemplified by BakerySwap (BAKE).

    The Native Token – BakerySwap (BAKE)

    Bake token is the native token of the BakerySwap ecosystem. The holders can vote on governance and get transaction fees, which is the major benefit of the token.

    Bake is currently priced at $1.20, representing a 3 percent increase over the previous month’s pricing and a 13 percent increase overall. The volume has increased by 48% in the last 24 hours. Bake’s ATH was created in the month of May 2021, with a price of $8.487. Bake’s lowest price ever was $0.998 in December 2021. BAKE is listed on a coin market cap on the 200th spot and has a market dominance of about 0.01%.

    Price Prediction – BakerySwap (BAKE)

    Bakery has a bright future ahead of it in the long run. Once the market rebounds from its present trend, traders expect the price to soar and break its All-Time High. According to Walletinvestor BakerySwap (BAKE) is a really good investment and soon people who take entries would be in profit. According to them, the price is expected to reach a value of $1.970 in one year. In five years the price of BAKE is expected to reach around $5.324.

  • CARTESI (CTSI) – Where will it move Now?

    The total supply of CTSI is roughly 1 billion, with less than half of it, or 489 million, now in circulation according to the coin market cap. It is ranked 166th in terms of market capitalization, with a market share of 0.02 percent.

    CTSI is currently trading at $0.7377  per share, up nearly 2.38 percent in the previous 24 hours. Today’s high and low are $0.753 and $0.7084, respectively. On the other hand, the daily trade volume has climbed by over 48.57%. CTSI hit its all-time high in May 2021, with a price of around $1.750. During the downturn, the price plummeted to roughly $0.3114 in the month of June 2021. The price began to reverse, but, like many other coins, it quickly reached near its all-time high. The price is making greater highs and lower lows in general. In January, we observed an almost 37% gain in the price of CTSI

    Technical Analysis – CARTESI 

    CTSI had been creating higher highs and higher lows at one point. The price was clearly in the uptrend and continued to print green candles. The price shot upwards and with a big wick, it failed to create another higher point and slowly started to decline. The price stayed in consolidation for a few days and created a supply zone but it eventually broke downwards.

    CTSI - 1D

    After the supply zone broke, the price went to decline again and we saw a steady decrease in the price. The candles became smaller and smaller to the point it became quite evident that the bears were losing steam. The price showed a reversal in the structure and we saw that the price went on o create a higher high and higher low. As a result, we can see that CTSI is bullish. The first target is the supply zone from where we can expect a reaction.

    Price Prediction – CARTESI (CTSI)

    CTSI is a good investment and is going to provide great returns. Wallet investor considers CTSI to be a good investment as well. According to them, in a year the price is expected to reach a value of $1.359. In five years the price is expected to reach a value of $3.993. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before CTSI moves up to create a new ATH.

  • MyNeighbourAlice (ALICE) –  On the Verge of a Breakout?

    MyNeighbourAlice (ALICE) –  On the Verge of a Breakout?

    My Neighbor Alice, or MNA, is a new multiplayer building game with a fun player-driven storyline and easy blockchain-powered features that hope to appeal to the general gaming community.

    The game is set in Alice’s universe and offers a series of islands where players can purchase and expand plots of land by filling them with their inventions.

    Price Movement

    ALICE is currently trading at $14.09 at the time of writing. In the last 24 hours, the price of the coin has risen by about 6%. The day’s high and low points are about $14.30 and $13.29. On the other hand, the daily trade volume jumped by about 51.69 percent in a single day. ALICE is ranked 154th in terms of market capital on coinmarketcap, with a market dominance of 0.02 percent.

    Before the fall, ALICE had reached an all-time high of roughly $60 in March 2021. During the downturn, ALICE formed a bottom and fell to $3.17 in June. The coin displayed reversal, just like many other coins, but it wasn’t powerful enough. Since then, It has gone on to make new higher highs and lower lows.

    It has a total supply of roughly 100M tokens, with around 30M in circulation. ALICE can be purchased on a variety of exchanges, including KuCoin, Binance, and FTX.

    Technical Analysis – MyNeighbourAlice (ALICE)

    ALICE had a really clean chart. The price was continuously creating higher highs and higher lows. The price went on to create an impulsive high. After that, it failed to create a new high and the structure broke. After that, the price went down and all the gains got removed. It came down to the same level from where it got shot upwards.

    ALICE -1D

    After this drop, for the next few days, the price went into consolidation and is currently ranging. Now there is no reason for the price to go down again and we can look for a possible length for the price.

    Price Prediction – MyNeighbourAlice (ALICE)

    ALICE has been one of the market’s most optimistic cryptocurrencies. ALICE is predicted to reach $19.236 in one year, according to Walletinvestor. It is predicted to reach $46.287 in five years. This suggests that ALICE has a lot of potentials and can generate a lot of money, but experts believe it won’t be long before it achieves new all-time highs and trades above $60.

  • WinkLink (WINk) – Off to Bullish Movement?

    WinkLink (WINk) – Off to Bullish Movement?

    The TRON ecosystem’s first project to integrate the real world with the blockchain is WINk. Its goal is to assist in real-life situations. Wink is a renowned gaming platform dedicated to bringing high-quality decentralized applications to the masses. TRONBet was the platform’s name until mid-July when it was renamed Wink and their own native token, WINkLink, was created. TRONBet was the TRC network’s first decentralized application. Developers can use a variety of tools on the platform to create unique dApps in the game business.

    Price Movement – Winklink (WIN)

    The wink coin has a massive supply of roughly 999 billion tokens. Around 96 percent have been distributed in the market, according to coinmarketcap. As a result of this massive supply, wink has become extremely volatile, with many surprising reactions to various zones.

    At the time of writing, the price of WINkLink is about $0.000458, up only one percent in a day and down around 10 percent in the previous seven days. The volume today has increased by almost 14%. The new volume is around $314M.

    Overall in the month of December, we have seen a decrease of almost 33%. According to its market cap, the currency is ranked 152. WIN ATH is now around $0.002970.

    Technical Analysis – WinkLink (WINk)

    Wink has been bearish for a lot of time. The price had been creating lower lows for quite some time and the price had been decreasing. During the drop in the price, WINK created an order block on the daily time frame. This order block hasn’t been mitigated to date. This can drive the price upwards.

    WINk - 1D

    Now the price has created a structural low. The price of WINK has slowed down which means that the bears are losing their steam. Now, as a result, we can expect a move from the coin very soon. The target for this move could be the order block that lies above from where the major red candles had been printed.

    Price Prediction – WinkLink (WINk)

    According to Walletinvestor WinkLink is not a good investment. According to their prediction, the price of Wink is to decrease to almost half of what it is right now. They think that in one year, the price is to reach a value of almost $0.000274 in one year. But traders are quite optimistic about the price movement and think that it would be valued much more in the future.

  • Skale Network (SKL) – Technical Analysis

    Skale Network (SKL) – Technical Analysis

    SKALE is a scaling network for Ethereum that is defined as a flexible network. The decentralized initiative focuses on decreasing latency and ensuring that transactions may be done as effectively as they can be, in addition to increasing transaction capacity. Those that develop on this platform, according to SKALE, may run Solidity smart contracts “thousands of times faster for a fraction of the mainnet cost,” with games and multimedia video sites among the applications that already use its technology.

    Price Movement – Skale Network (SKL)

    SKL is now trading at $0.2169, up over 5% in the previous 24 hours, at the time of writing this post.

    Within this time window, the low was around $0.1988 and the high was around $0.2185. According to the most recent data given by the coin market cap, the coin has risen to 121st place as a result of being on many traders’ watchlists. It is currently one of the top gainers.

    SKL approached its new All-Time High around the price of $1.07 during the month of March. It was a quick upward surge, but the price quickly retraced. Today’s trading volume, on the other hand, has risen by over 74.04 percent.

    The top exchanges for trading SKL are currently Binance, OKEx, Huobi Global.

    Technical Analysis

    SKL has a really clean chart. Before the drop in the price of the coin, SKL had been ranging and moving upwards. This kind of movement shows bearish sentiment and calls for a drop in the price which is exactly what happened. After the drop, the price of SKL dropped down and during this bearish move, the price created an order block on the daily time frame which hasn’t been mitigated to date.

    SKL - 1d

    Now at the lowest, we have seen a formation of a potential double bottom. This formation is a signal that the price is soon to move upwards. As a result, SKL is bullish. We can expect the price to tap in the daily order block that lies above. From there we can expect a reaction from the price of SKL.

    Price Prediction – Skale Network (SKL)

    Walletinvestor thinks that Skale is a good investment. But the one-year projection according to the website is very low. In one year, the price is expected to reach a value of $0.2100 which is less than the current value. But the five-year projection puts SKL at a value of $0.225.

  • TERRA (LUNA) – Where will it move Now?

    According to coinmarketcap, the total supply of LUNA is around 832M LUNA and less than half of them around 360M of the LUNA are in circulation at the moment. It holds the 9th rank according to market cap and has a market dominance of 1.43%.

    At the time of writing LUNA is being traded at the price of $88.14 with a decrease of almost 5.38% in the last 24 hours. The maximum and minimum today are $93.67 and $86.66 respectively. The daily trading volume on the other hand has increased by almost 17%. LUNA had created its ATH in December 2021 and reached a price of almost $103.60. The price during the crash dropped down to a price of almost $3.91 in the month of July 2021. The price started to show reversal but like a lot of coins, and soon it created a new all-time high. Overall the price is making higher highs and higher lows. In January, we saw an increase of almost 3%.

    Technical Analysis – TERRA 

    LUNA had been one of the strong coins, the price of the coin was continuously increasing even when the price of BTC was dropping down. It had decoupled from BTC and continued to rise up. Now it looks like that the coin has run off steam.

    Luna has failed to create a new higher high and it looks like it will drop down. We can see that during these impulsive moves upwards, LUNA had left an imbalance in the price. As a result, we can expect a drop in the price of coins.

    LUNA - 1D

    If we draw a Fibo we can see that the range between $75 and $80 aligns with the golden zone of the Fibo level from the top. This is also the zone where the imbalance is present. This is an additional confluence to the price movement.

    Price Prediction – TERRA (LUNA)

    LUNA is a good investment and is going to provide great returns. Wallet investor considers LUNA to be a good investment as well. According to them, in a year the price is expected to reach a value of $208.275. In five years the price is expected to reach a value of $679.124. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before LUNA moves up to create a new ATH.