Crypto News

7 Best Altcoins Everyone is Talking About

Altcoins present some of the best opportunities in the crypto world and finding altcoins that investors are talking about can be a great way to determine which projects are likely to perform well in the coming months. Throughout this article, we’ll take a look at seven of the best altcoins that everyone is talking about and provide a guide detailing how to buy our top pick. Let’s begin. Top 7 Best Altcoins – Our Picks Sometimes an investor just needs a helping hand. Therefore, we’ve included an overview of the seven best altcoins below. More detailed reviews can be found in the next section. Lucky Block – Trending NFT Competitions Altcoin Tamadoge – Utility-Focused Meme Coin Making Waves Battle Infinity – P2E Gaming Ecosystem that Investors Love Chainlink – Well-Known Oracle Altcoin VeChain – Enterprise-Grade Blockchain Making Headlines Ethereum – Largest and Most Popular Altcoin Quant – Interoperability Focused Project Trending with Investors A Closer Look at the 7 Best Altcoins That Everyone is Talking About Each project that we’ll be taking a look at has strong fundamentals and has been making headlines recently due to increased demand, exchange listings, or high-profile partnerships. Lucky Block – Trending NFT Competitions Altcoin Lucky Block (LBLOCK) is an NFT competition platform that uses blockchain technology to improve efficiency and create a provably fair drawing system. Each competition on the Lucky Block platform is entered by purchasing an NFT. Each NFT is priced in accordance with the potential rewards from the competition. This allows Lucky Block to offer a wide range of competitions catering to players of all budgets. Even after a drawing has occurred, the NFT still grants the holder a portion of the profit pool each day. In addition to the standard competitions, Lucky Block also hosts a Platinum Competition for holders of the Platinum Rollers (PRC) NFT collection. This competition takes place weekly with prizes ranging from crypto to a real Lamborghini. Recently, Lucky Block was listed on the Uniswap exchange. With Uniswap being one of the largest decentralized exchanges (DEX) on the market, this means that demand for the LBLOCK token is likely to shoot up. Furthermore, as many people in the crypto space are familiar with Uniswap, it makes it much easier to purchase LBLOCK. On top of the recent Uniswap listing, LBLOCK was also listed on the centralized exchange (CEX) at the start of August causing the token to shoot up in value. These listings come following LBLOCK’s switch to the ERC standard. It has also made future CEX listings far easier, so keep an eye on the Lucky Block Discord to see what exchange will list LBLOCK next. Buy Lucky Block Now Tamadoge – Utility-Focused Meme Coin Making Waves Tamadoge (TAMA) is a meme coin unrivaled in terms of utility. The project has been experiencing massive demand with the beta presale hitting its $2 million cap almost a month early. Thankfully, the general presale has now begun with TAMA being sold for $0.0125. As tokens are sold, there will be marginal price increases to afford better value to early investors. The P2E Tamadoge ecosystem centers around NFT-based Tamadoge pets. In just a couple of months (Q4 2022), investors everywhere will be able to mint their own Tamadoge pet. Despite initially starting as a basic variation, players can improve their Tamadoge pet by giving food, toys, and cosmetic items from the Tamadoge store. As a pet levels up, its owner will receive Dogepoints, slowly working their way up the Tamadoge leaderboard. The highest ranked players are entitled to the largest share of the rewards pool. Every Tamadoge pet is 3D-animated and viewable within the Tamaverse (Tamadoge’s Metaverse world). The Tamaverse will initially be explorable on web browsers, but the team will release a mobile app with augmented reality functionality (expected Q4 2023) allowing players to bring their pets into the real world. With demand for Tamadoge skyrocketing, it’s no wonder that investors are discussing the project. Unlike the majority of presales, Tamadoge already has a confirmed CEX listing on LBank following the conclusion of the general presale. Therefore, it’s an excellent time to check out the project before prices climb higher due to increased demand. Join the Tamadoge Telegram group to keep up-to-date with the project. (admins will never message first). Visit Tamadoge Now Battle Infinity – P2E Gaming Ecosystem that Investors Love Battle Infinity (IBAT) is a project aiming to create an expansive play-to-earn gaming ecosystem featuring DeFi, NFT, and Metaverse elements. The project has recently concluded its presale raising 16,500 BNB however the IBAT token will soon be listed on PancakeSwap. Battle Infinity is broken up into the six following platforms, IBAT Premier League (a fantasy sports league), IBAT Battle Swap (a DEX), IBAT Battle Market (an NFT marketplace), IBAT Battle Games (a collection of P2E games), IBAT Battle Arena (a metaverse world), and IBAT Battle Stake (a staking platform). With the IBAT token using the BEP standard, it benefits from cheap, fast, and energy-efficient transactions, perfect for a DeFi gaming ecosystem. The token can be used for in-game bets, staking, and purchasing advertising space within the Metaverse world. In contrast to most new projects, IBAT has already been KYC-verified by CoinSniper and audited by Solid Proof. With the amount of utility offered by Battle Infinity, it is one of the cheapest cryptocurrencies that shows massive potential. Join the IBAT Telegram for listing updates. Visit Battle Infinity Now Chainlink – Well-Known Oracle Altcoin Chainlink (LINK) is a well-known altcoin that provides on-chain projects a simple way to access off-chain data. By creating a decentralized oracle network, Chainlink has cemented itself as a key part of the crypto ecosystem. The project has already partnered with several notable projects including Chiliz, Hedera, and Polygon. Chainlink benefits from massive intrinsic value, a first-mover advantage, and a plethora of high-profile partnerships. As such, it should be no surprise that it’s considered one of the best altcoins available today. VeChain – Enterprise-Grade Blockchain Making Headlines Vechain (VET) is a popular layer-1 network designed to be used by large companies needing enterprise-grade solutions. The project aims to work its way into real-world industries in order to provide companies with immutable data that can be used to improve efficiency and transparency, particularly when it comes to supply chain management. Vechain has been making headlines recently through its partnership with e-commerce giant Amazon. VeCahin also works with several government entities making its use case apparent. Ethereum – Largest and Most Popular Altcoin Ethereum (ETH) is the largest and most widely spoken about altcoin on the planet. The ERC standard several of the aforementioned projects use is based on the Ethereum network. Ethereum features smart contract capabilities which allow developers to create cryptos and dApps using the network. With Ethereum being the second largest cryptocurrency on the market and being used by countless projects, it’s unlikely to go anywhere anytime soon. Quant – Interoperability Focused Project Trending with Investors Quant (QNT) is a project aiming to connect blockchain networks and solve the interoperability issue. Many investors believe that for cryptocurrency to enjoy mainstream adoption, different networks must first be able to work with one another. Quant is designed to facilitate exactly that. With Quant boasting partnerships with Amazon AWS, Oracle, and several other large tech-focused companies, it seems like this altcoin could explode in the near future. How to Buy Lucky Block To ensure nobody has trouble buying LBLOCK, we’ve created the below guide. Step 1 – Register with an Exchange Ethereum is needed to buy LBLOCK. It can be purchased easily from a regulated exchange like eToro. Visit eToro Now Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection Step 2 – Deposit & Buy ETH After creating an account, press ‘Deposit Funds’, decide how much to invest, and press ‘Deposit’. Then, type ‘ETH’ into the search bar, press ‘Trade’, choose how much Ether to buy, and press ‘Open Trade’. Step 3 – Create MetaMask & Send ETH Afterward, download the MetaMask browser extension or mobile app and follow the on-screen instructions to create a wallet. Then, ensure it’s set to the Ethereum network and withdraw ETH from eToro via the eToro Money Wallet. Step 4 – Connect Wallet & Buy LBLOCK Next, navigate to DEXTools, click ‘Connect’, choose MetaMask, and confirm the connection. Search for the WETH or USDC / LBLOCK pair, enter the desired number of tokens, and press ‘Trade’. The tokens will arrive in MetaMask near-instantly. Buy Lucky Block Now    

Crypto News Ethereum

The Pelosi Effect? Ethereum Faces Headwinds Over Area At $1,600

Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish momentum were laid out in the macro-economic stage. Still, rising tensions between China and the United States have brought back uncertainty to the global financial world. Related Reading: TA: Solana Struggles To Break Key Resistance After $5M Hack U.S. Congresswoman and Speaker of the House of Representatives Nancy Pelosi visited Taiwan earlier this week. Her visit is controversial, as Taiwan is considered a territory in open rebellion by China. The latter responded to Pelosi’s visit by firing artillery near Taiwan and announcing military exercises, the Asian giant considers this an “act of provocation”. So, tensions about a potential conflict between the U.S., Taiwan, and China in the near future emerged. Investment firm Cumberland believes the above highlights the tight correlation between Ethereum, the crypto market, and the traditional finance sector. The second crypto by market cap has been trending downside in the short term as a result of this uncertainty. Ethereum and Bitcoin have been highly correlated with the Nasdaq 100, the index that tracks big tech stocks. Cumberland believes that if ETH’s price can break this correlation, the cryptocurrency will be able to reclaim previous highs. Until then, ETH’s bullish momentum seems limited. The investment firm said the following on ETH’s price fate as long as it remains correlated with legacy markets: Until crypto decorrelates from the broader macro backdrop, it will be difficult for these themes to generate meaningful alpha. That said, the upcoming merge threatens to reestablish digital asset markets as an independent asset class. The Merge is the highly anticipated event that will combine Ethereum’s execution layer with its consensus layer. This event might be important enough to provide bulls with fresh momentum and break the correlation with the Nasdaq 100. Before The Merge, Ethereum Ecosystem Outperforms The Merge is already having a positive impact across the Ethereum ecosystem, and on the other two assets, Lido DAO and Ethereum Classic (ETC). A report from Kraken Intelligence shows that the ETH ecosystem has and continues to outperform the crypto market. Related Reading: Binance Coin Finds Support At $240 – Can BNB Barrel Past $300? In July, ETH’s price, decentralized finance (DeFi) and non-fungible tokens (NFTs) recorded an average of 59%, 52%, and 35% profits respectively. Thomas Perfumo, Head of Business Operations and Strategy at Kraken, said the following on the potential impact of The Merge: ETH is holding value during this crypto winter against BTC, a significant departure from the prior cycle. All eyes are on The Merge, the most significant milestone to Ethereum’s scaling roadmap since the launch of the beacon chain in late-2020. If successful, the industry will have the clarity to take a longer-term outlook on Ethereum.

Crypto News

TA: Solana Struggles To Break Key Resistance After $5M Hack

Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful.  The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an attack on some wallets drained more than $8 million from Solana users. It now struggles to break above the 50 exponential moving average (EMA) on the one-hour (1H) chart. SOL Daily Chart Analysis The daily chart for SOL shows it is trading at $38.7 below the 50 & 200 exponential moving average after a reject from reclaiming this region early this week. This means SOL will need to break above this resistance claimed earlier; this has been a region SOL has struggled to reclaim on the daily chart. The volume of SOL indicates there are no buy activities due to the recent incident that has affected the price of SOL. For SOL to trade higher in price, it needs to break this daily resistance of $40.9; else, we could see some pullbacks to the region of $36.6 if bulls do not step in. The region of $36.6 is a strong demand zone where more buyers in recent times have seen SOL in a good position to accumulate. Major resistance on the daily chart – $40.9. Major support on the daily chart – $36.6, $32. SOL Price Analysis On The 4H Chart The price of SOL on the 4H chart shows the price is on a downtrend with swing lows respecting the trendline acting as resistance. SOL needs to break to the upside of this channel for a change in trend. SOL is trading below the 50 & 200 EMA, indicating a downtrend direction for the period until a reclaim of the resistance level above the $40 mark before a trend shift can occur. If SOL fails to reclaim and break above the resistance of $40, it would likely revisit the 4H support region of $35 and $32. The volume on the SOL chart indicates more sell pressure compared to buys, and if bulls are unwilling to step in, then support areas would be ideal for SOL to build more buy bids. The relative strength Index (RSI) for SOL is below the 40 mark, indicating more sales than buys for now. Resistance on the 4H chart – $40.9. Support on the 4H chart – $35, $32. SOL 1H Chart Analysis  The price of SOL on the one hourly timeframe is in an asymmetric triangle indicating a crucial time for SOL price. There would be a breakout from this region to the chart’s upside or downside.  A breakout to the upside, SOL will need to overcome the resistance at the $39.7 and $40.9 region for more upside. A breakout to the downside, SOL will need to hold the supports at the region of $37.7 and $35; else, we could visit more regions with a high demand of $32 Resistance on the 1H chart – $39.7, $40.9. Support on the 1H chart – $37.7, $35. Featured image from Analytics Insight, Charts from TradingView.com

Altcoins Analysis Bitcoin Blockchain

MetaTreed: The Durian Agricultural Metaverse Project Launches Its First Series Of NFT Collections Called The Golden Phoenix

MetaTreed: The World's First Agricultural Plantation Project Connecting Southeast Asian Durian Plantation Communities With NFTs And The Metaverse

SINGAPORE – July 27, 2022 –  MetaTreed is an innovative NFT project that adds value to real-world durian plantations; MetaTreed has started a seed planting ceremony on its Dapp Agriverse Land to commemorate the platform’s official launch. The agricultural metaverse project connects the durian agricultural supply chain with NFTs and Metaverse ecosystem, linking real-world assets […]

Bitcoin Crypto News

Why Bitcoin Could Trade Above $22,000 After Today’s FOMC Meeting

Bitcoin is poised to experience volatility during today’s trading session. The crypto market is gearing up for the U.S. Federal Reserve (Fed) Federal Open Market Committee (FOMC) meeting which could result in a no-event or push risk-on assets down. Related Reading | Shiba Inu Whales Trading Volume Surges 640% As SHIB Holds Critical Support During this meeting, the Fed is expected to announce a hike in interest rates. According to trading desk QCP Capital, the market has ruled out the possibility of a 100 basis points (bps) increase. Market participants expect a 75 bps, if the Fed meets expectations Bitcoin and other digital assets seem likely to resume their bullish momentum. QCP Capital said: Every FOMC meeting this year has seen a positive immediate market reaction to the rate decision. We expect the same for this one. In addition, the trading firm claims that there is a possibility of more upside based on the Fed adopting a “one-off 75 bps” hike. In the future, the financial institution could return to 50 bps on the back of a slow down in inflation metrics. Contributing to this theory, U.S. public companies earning season has reported under expectations without major surprises so far. Tomorrow, July 28th, Apple and other big tech companies are expected to publish their earnings reports. If there are no major surprises, the crypto market should benefit from both the FOMC meeting and a relief in legacy financial markets. On the latter, QCP Capital noted: With the risk of an overly hawkish fed out of the way and with inflation slowing down, we think that markets will remain supported with the previous lows providing a base (BTC at 17,600 and ETH at 880). The post-FOMC rally could be short-lived as Bitcoin and the crypto market continue to see high selling pressure from miners. In that sense, QCP Capital predicts sideways movement for the short to mid-term. What Could Trigger More Downside Pressure? The trading firm believes there is a wild card with the potential to negatively impact global markets. U.S. Representative for Congress and Speaker of the House Nancy Pelosi is apparently planning a visit to Taiwan. If the visit ever materializes, there could be an escalation in tensions between the U.S. and China. QCP Capital said: August tends to be quieter with the US and Europe on summer vacation. If tensions boil over, we might see a risk-off move in thin liquidity. From a volatility perspective, every FOMC this year has been a disappointment. Related Reading | TA: Bitcoin Price Consolidates, Why Recovery Could Be Capped At the time of writing, Bitcoin (BTC) trades at $21,400 with a 3% profit in the last 24 hours.

Crypto News

Solana Zoomed Up By 20% In A Week, This Could Be The Next Target

Solana had witnessed strong bullish force in the past seven days, however, the bulls lost steam at the time of writing. Over the last 24 hours, the coin depleted by 9%. The current support level for SOL stood at $38. The price of the asset registered a month high after the massive rally that took place on July 13 . Technical outlook for Solana pictured the bears taking over. After Bitcoin dipped on its chart by 6% over the last day, altcoins too had the same effect on their charts. Buying strength of Solana depreciated considerably flashing negative price action. After a relief rally, it is usually not uncommon for coins to retrace on their charts. If buying strength gains strength, then Solana might again break past its current price level and aim for the overhead price ceiling. If SOL manages to move the $44 price mark, a visit to the $50 doesn’t seem too difficult. Buying strength and broader market strength will help Solana regain price momentum. The global cryptocurrency market cap today is $1.07 Trillion with a 5.1% negative change in the last 24 hours. Solana Price Analysis: Four Hour Chart SOL was trading at $41 at the time of writing. The bulls lost momentum once it hit the $46 price mark. Overhead resistance for Solana was at $48, a move above which could help Solana touch $50 and even go above it. A fall from the current price mark will ensure that SOL touches the $38 mark and then touch the $30 support line. If buying strength maintains momentum, SOL might hover around the same price area before it attempts to rise further. Amount of SOL traded increased signifying a rise in buying strength which can be an indication of a recovery on the four hour chart. Technical Analysis   The altcoin’s buying strength remained low, sellers were dominating the price action on the chart. In accordance with the same, the Relative Strength Index displayed the same emotion. RSI was pictured underneath the half-line and that meant decreased buying strength. Although there was a fall in the number of buyers, the indicator noted an uptick which can be considered bullish. Price of SOL was below the 20-SMA, which indicated that in the short-term time duration sellers were driving the price momentum. Solana was however above the 50-SMA and 200-SMA which signified that bullish action could witness a rebound. Suggested Reading | Solana Adds 70% More Shine – Can SOL Keep The Light Coming?   SOL captured the fall in buying strength, it displayed sell signal. Awesome Oscillator depicts price direction and momentum along trend reversals. AO formed red sell signal bars which is a sell signal for the asset. Parbolic SAR also indicates price direction, dotted lines above the candlestick meant that the price direction was negative at the time of writing. For Solana to move upwards, buying strength will need to rise on the chart. Related Reading | Solana And Avalanche Poised For Gains As Crypto Market Enjoys New Tailwinds Featured image from The Financial Express, chart from TradingView.com