2022 appears to be a transformative year for the cryptocurrency ecosystem. Projects working on the Blockchain system are starting to focus on interoperability between blockchain networks being at the forefront. Many projects in The Most Transformative Year have announced plans to link their platforms with other protocols. One sector of the crypto ecosystem, the Most Transformative, that will play an important role in ensuring smooth communication and interaction between networks is oracle projects such as Chainlink (LINK) which are present in the Bullish crypto-asset range this week.
5 Bullish Crypto Assets
Did you know, Chainlink is by far the most adopted oracle in the crypto ecosystem with an almost eight-fold advantage in partners when compared to its competitors. The Chainlink Twitter account shows why LINK started 2022 as a top oracle provider by announcing several partnerships with DeFi and NFT projects.
Founded in 2017, Chainlink is a blockchain layer that enables universally connected Smart Contracts. Through a decentralized oracle network, Chainlink enables blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information required by complex Smart Contracts to become the dominant form of digital agreement.
The LINK/IDR pair at the time of writing this article was experiencing an increase in price, had touched the price of 400 thousand, and is still in the current uptrend channel, the next target is the price has the potential to rise to 500 thousand, if corrected by the nearest support at 370 thousand – 380 thousand.
Who here loves Game Of Thrones? Reportedly, the name Ravencoin is taken from the TV Series reference.
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Ravencoin itself is a digital peer-to-peer (P2P) network that aims to implement a special blockchain use case, designed to efficiently handle one specific function: the transfer of assets from one party to another. Building on a Bitcoin code fork, Ravencoin was announced on October 31, 2017 and released binaries for mining on January 3, 2018 with what is called a fair launch: no premine, ICO, or masternode.
The RVN price is currently being corrected quite deeply and consolidating at the support at 1400s, the closest support between 1200 – 1371 if the RSI is able to rise and the MACD histogram is confirmed positive. The pair RVN/IDR will rise to the level of 1469 – 1500 and it is possible that the price will resume its bullrun to the price of 2000.
It’s been two weeks on the Bullish crypto asset list, ALGO is showing its strength again. This Blockchain project from the United States often updates its developments and publications on its official Twitter account.
According to Coindesk, the Drone Racing League (DRL) and game developer Web 3 Playground Labs have leveraged the Algorand blockchain to create the metaverse’s first play-to-earn drone game, announced last Wednesday. DRL has also appointed Algorand as the main sponsor for the world championship event being held at the T-Mobile Arena in Las Vegas, which will include performances from American rock staple Weezer, among other events. Playground Labs is an affiliate of Hivemind Capital Partners, which announced in November a $1.5 billion fund to invest in projects built in Algorand.
On the 1-day chart, the price of ALGO has indeed decreased, the price is currently testing support at 20,000 and the support price is in the 18,500s range. The price has the potential to bounce up and breakout the EMA/200 (21.404)
Ethereum-based metaverse, Decentraland, yesterday held a New Year’s Eve celebration. Owners of Grayscale Digital Currency Group have partnered with real estate firm Jamestown to create a virtual Times Square — an iconic New York City location where a giant ball descends on a flagpole, stopping at midnight to mark the start of the new year.
Now, Samsung has announced a metaventure project, choosing Decentraland for its metaverse project. On Thursday, it announced the opening of a virtual replica of its iconic physical store in New York to increase customer engagement at a time when COVID-19 is distancing people from physical stores. The Samsung metaverse store is a replica of a real-world store located at 837 Washington Street in New York City’s Meatpacking District in Manhattan. The Samsung 837X store will now be accessible on the metaverse for a limited time. The company claims that it is one of the biggest brand land acquisitions in Decentraland, a blockchain-powered metaverse. Currently the MANA/IDR pair is experiencing a price decline, price support is between 35 thousand – 40 thousand, with a target resistance in case of bulls able to dominate again along with the positive news from this metaverse project, the price of MANA has the potential to rise again to the level of 50 thousand – 60 thousand.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a digital store of value used to support the value of blockchain assets such as non-fungible tokens (NFT). Every asset minted with the Engine Platform contains an ENJ, a printing resource that is locked within the NFT and removed from circulation.
The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize and market with blockchain. Founded in 2009, Enjin has its roots in the gaming industry, with the company’s first product, a gaming community platform called Enjin Network, growing to 20 million users over a decade.
In 2017 following its ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that allow anyone to easily print, manage, trade, distribute and integrate blockchain assets. Enjin’s co-founder, Witek Radomski, wrote the code for one of the first non-fungible (NFT) tokens and is also the co-author of Ethereum’s ERC-1155 token standard.
The ENJ price is testing the support area of ??the EMA/200 line between 32K, if the bulls are unable to hold on to this level, the price will correct to the 31K level. Based on the 4-hour chart, the price is able to move up again if the candle breaks the MA/25 (34163) and then the price will rise to 36 thousand – 40 thousand.
5 Bearish Crypto Assets
Chia Network (XCH)
Chia Network (XCH) is a layer 1 blockchain that uses a specially designed programming language called Chialisp and a new consensus mechanism called proof-of-space-and-time (PoST). The combination of the two allows the blockchain to use less energy without compromising network security. Unlike most other blockchains, Chia Network is a public, non-profit, open source company that aspires to be listed on the NYSE or NASDAQ.
Chia Network’s first proof-of-time functionality was released in 2019, with the first beta version of the blockchain launching in 2020. Chia Network achieves full functionality, including wallet, transaction, and Smart Contract functionality with the launch of the mainnet in 2021.
Global Social Chain (GSC)
Global Social Chain (GSC) is a cryptocurrency and operates on the Ethereum platform. Global Social Chain has a current supply of 1,000,000,000. Currently, his position on CoinMarketCap is #1551.
Coalculus is a multi-chain FinTech blockchain platform built for hybrid deployments and equipped with user consent capabilities. Coalculus-enabled enterprise distributed applications benefit from zero node operations, enterprise chain interoperability, scalability, and low transaction costs. The open-source Coalculus platform is regulated by a professional advisory board and used by Wise MPay, a Singapore-based FinTech development company. Coalculus has implemented many solutions in payment, remittance and document management for Governments, Public Companies, Large Universities, SMEs, Regional and international Financial Institutions.
The Coalculus platform is powered by the Coalculus Token, or COAL, to replicate account rights to generate blocks on the Coalculus Proof-of-stake blockchain. COAL is also used as a GAS fee to aggregate and hash enterprise chain transactions to the Coalculus main chain.
DAEX (DAX) is a cryptocurrency and operates on the Ethereum platform. DAEX has a current supply of 2,000,000,000. Currently, his position on CoinMarketCap is #1494.
SushiSwap’s native token, SUSHI, is generated at a rate of 100 tokens per block. The first 100,000 blocks have a block reward of 1,000 SUSHI.
The supply of SUSHI will depend on the block rate. Around 6,500 per day, and therefore 650,000 new tokens minted per day, there will be approximately 326 million tokens in circulation by September 2021, a year after SushiSwap first launched.
NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish),
each table above shows that if the 5 EMA value is higher than the 75.85 WMA and 200 EMA, the market tends to go up (bullish).
If the RSI and MACD values ??show the same condition, it means that the market is showing the same trend, overbought (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend.
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