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Showing posts from April, 2021


Price Prediction for Matic (Polygon)

  The price of Matic is inching towards the 15, 20 & 25 moving averages The yellow lines represent the range between which Matic has been trading since July The expectation is for the price of Matic to drop to 0.76 in the next few days Note: Trading decisions should not be based on the opinion in this article, investors should conduct their own due  diligence  before buying the cryptocurrency. This article is purely based on my own research and understanding of the cryptocurrency in the article.

What Is The Future Price Prediction of VeChain (VET) Cryptocurrency - 2021, 2022, 2023, 2024, 2025, 2026 - Report Date: 30th April 2021

VeChain is currently priced at $0.20 as at 30th April 2021 VeChain is predicted to end the next five years and the below listed prices: $0.53 - 2021 $1.08 - 2022 $1.62 - 2023 $2.17 - 2024 $2.71 - 2025 $3.25 - 2026 Sentiment Analysis - VeChain has returned a positive 66% as per the sentiment analysis model. A positive sentiment analysis could signal a buy trend On a daily scale, the RSI currently sits at 56.64. RSI above the 70 level signals overbought  and below 40 signals oversold . The current level sits in the middle range. We expect the RSI to drop to approximately 50 points before increasing MACD a momentum indicator indicates that the price would drop a bit before pulling back 10 Day Volume Moving Average vs Close Price The chart above shows the relation between 10 Day Volume Moving Average (DVMA) calculated using the daily buying or selling pressure vs the close price of the cryptocurrency As per the chart, the price follows the 10 Day Volume Moving Average. It can

Is SafeMoon A Safe Cryptocurrency To Invest In?

  Recently I have been getting a lot of questions regarding decentralized finance (DeFi) tokens that generate passive returns for their holders by holding the currency/token and investing in Liquidity provide (LP) tokens. This is similar in nature to the SAFESTAR token that I covered recently. In each SafeMoon trade, the transaction is charged a 10% fee, 5% of which is redistributed to the existing token holders and the remaining 5% has two parts to it. Half of the 5% is added as a liquidity pair on Pancake Swap and the remaining 50% is burned. I went through their whitepaper to understand the background and goals that the SafeMoon team is trying to achieve and how far have they achieved their targeted goal. Furthermore, I tried researching about the team running SafeMoon so get a sense of their background and expertise. I strongly feel that when you pick a stock or cypto to invest in, you are not only investing in the company but in the leadership as well. After going through intende

Is It Worth Investing In SAFESTAR Cryptocurrency?

  There are a lot of cryptocurrencies circulating on the crypto exchanges as we speak. The cryptocurrency that we will be reading about today has a market rank of 2,732. That shows you the sheer amount of crypt currencies being circulated. My goal is to cover as many cryptocurrencies as possible for my readers so they can make the best investing decision for themselves. Alright, let's dive into the SAFESTAR cryptocurrency now. As per the trading charts, it shows that SAFESTAR was launched to trade on 18th March 2021. At that very moment, an investor could buy approximately 123 million coins for a dollar. The coin climbed to its all time high on 6th April 2021, which would have returned $35 on each $1 invested. Sounds enticing and get rich quick investment eh? However it dropped drastically right after its exponential rise and currently sits at a price slightly higher than its launch price.  Surprisingly enough, the 24 hour trade volume before the exponential rise was around $3 mill

What Is WazirX & Is It a Good Investment Option?

  MARKET HIGHLIGHTS Currency in circulation: 293 Million Market Capitalization: $797 Million  Price per USD: $2.72 (26th April 2021) Cryptocurrencies have been gaining popularity and traction around the world. In just a matter of 12 months, the crypto world has grown exponentially from a market capitalization of $223 billion in May 2020 to $1.9 Trillion in April 2021, that's an increase of 794% in a year. It can be rightly agreed so that the boom in cryptocurrencies was led by the major economies of the world. As per Statista's (a business data platform) 2020 report, United States & Russia were said to have traded the highest amounts of Bitcoin. When major economies of the world adopts an ongoing revolutionary change it usually results in a high influx of capital investment into that asset.  United States has widely accepted the idea of cryptocurrencies, China on the other hand is developing its own digital currency and is partnering up with one of the upcoming cryptocur

Is ElonGate Cryptocurrency a Good Option To Invest In & Future Price Prediction

  The rise in blockchain technology has led to a number of revolutionary initiative being currently worked on & explored. In addition to that, this has also led to an increase in the popularity of cryptocurrencies with investors either investing to back their favorite crypto projects that they believe in or investing to generate a decent return. Seems like blockchains & cryptocurrency has been and will be benefiting individuals in different ways. Various industries are exploring the idea of blockchain to further enhance their values or serve their intended purposes. What if someone could use the blockchain technology to give back to the world in the form of charity? Wouldn't that be great? This is where the blockchain 'ElonGate' comes in.  ElonGate is a blockchain solely based on the idea of charity. ElonGate began as a meme inspired by a viral tweet from the billionaire Elon Musk. However it has no association to the billionaire whatsoever. As per the whitepaper,

Is HOGE Finance A Good Cryptocurrency Investment Option?

                            MARKET HIGHLIGHTS Currency in circulation: 412 Billion Market Capitalization: $93 Million  Price per USD: $0.000227 (25th April 2021) OVERVIEW HOGE is a cryptocurrency not known by majority of the investors in the crypto realm. Similar to the now famous  cryptocurrency DOGE,  HOGE is a meme currency as well with the power of DeFi (decentralized finance). To understand the concept of HOGE let's take the help of basic economics. Say, there are 10,000 units in supply of  'Item A' at a price of $1 each. Mr. A an investor is told that if he buys and holds 1,000 unit of item A, the value of his investment will increase over time. Mr. A is curious as to how the price of his investment will increase overtime, he inquires about the structure of the investment plan. He is told that since there is a finite supply of item A ( 10,000 units ), every time an investor buy 1,000 units of item A, 100 units of item A will be  destroyed reducing the supply and i

Introduction to Theta Network & The Theta Token

    MARKET HIGHLIGHTS Currency in circulation: 1 Billion Market Capitalization: $9.7 Billion  Price per USD: $9.59 (23rd April 2021) OVERVIEW I have been seeing questions around the Theta Network on whether Theta Token is a good one to invest it? Let's dwell into the Theta Network to find out. Steaming applications have picked up a lot of steam in recent years .e.g. Twitch, Netflix & YouTube. The global video streaming market was valued at $50.11 billion in 2020 with an expected exponential compounded growth of 21% from 2021 to 2028. The industry is growing rapidly with number of individuals jumping on board to get a piece of it. However with the ever growing streaming demand and HD quality preference the current streaming system is shrouded with a bunch of problems: Poor Quality Streaming: The current content delivery network lacks reach, causing video re-buffering and high load times in many parts of the world especially the developing nations Higher Definition Data Needs:

What Is VeChain & The Future Price Prediction of The VET Token

  MARKET HIGHLIGHTS Currency in circulation: 64.3 Billion Market Capitalization: $12.8 Billion  Price per USD: $0.20 (22nd April 2021) OVERVIEW The emergence of big data and data analytics has exploded exponentially in recent years. It is said that in todays market data is more valuable than oil. Which is technically true because data drives the world today.  Organizations pay millions of dollars to get their hand on data so they can analyze it to drive better decision making and generate profits. For example some retail companies have started tracking the movements of their consumers in the stores so they can make better choices when it comes to shelfing of the isles. Isle's that are frequented the most will tend to have products that generate higher profits for the retailers. Tesla's self driving cars are based on data and algorithms allowing the autopilot system to learn from the data and adapt to it. Data was, will and always remain the KING . Now that I have glorified how

What Is Polkadot & The DOT Token?

  MARKET HIGHLIGHTS Currency in circulation: 931.8 Million Market Capitalization: $38.8 Billion  Price per USD: $33.32 (22nd April 2021) OVERVIEW Cryptocurrency fame has grown exponentially in recent years thanks to astronomical price increases of BITCOIN, everyone wants in on the action. However there is a major difference between BITCOIN and much of the other cryptocurrencies and tokens being offered on the cryptocurrency exchanges .e.g. Decentraland , Polygon , COMP Tokens , Lumen Token etc. Unlike BITCOIN which is purely speculative, most of the crypto companies issues the coins or tokens are working on providing a service, therefore the price of their coin or token is directly related to the performance of the respective network or company. Think of it as buying a stock, to buy a stock you would research on the products and services a company provides, analyze its future outlook and base your decision to buy or sell based on your analysis.  Similarly it is crucial when buying a c