Cryptocurrency

4 Crypto Coins That Can Defy The 2022 Crypto Winter

Published

2 weeks ago

June 21, 2022

4 Crypto Coins That Can Defy The 2022 Crypto Winter

The cryptocurrency market went through a massive surge in 2021 making it one of the best bull runs ever seen in financial markets. From the matured Bitcoin and high-profile Ethereum (ETH) to promising Dogecoin (DOGE) and newly launched FLOW, all made gains. However, the coin market withered a sharp decline in early 2022 and by mid-June the Crypto Winter had become well entrenched.

The downturn in cryptocurrency stocks, however, is triggered by galloping inflation and interest rate hikes globally. Though retail investors continue to panic sell fearing a prolonged bear market, institutional investors remain in the business. Crypto experts also see the volatility as a short-term phenomenon and predict a rebound within a few months. Below are four crypto tokens that are poised to rebound, defy the 2022 crypto winter, and become frontrunners of the coin market.

Ethereum (ETH)

The old-war horse in the cryptocurrency market is still capable of surging ahead despite confronting a recent crypto crash. Ethereum has survived earlier jolts and continues to recover from the nadir reached on June 13th with high hopes of a quick revival. The Ethereum blockchain remains one of the most used crypto ecosystems and the ETH community holding a $250 billion market capitalization is only second to matured Bitcoin. Merge, the latest Ethereum blockchain incarnation is set to change the dynamics in the cryptocurrency market and bring it back to new heights.

Flow (FLOW)

Designed as a digital asset from the very beginning, FLOW commands close to $3 billion in market cap in less than 20 months of its introduction. Highly scalable and purpose-made for gaming, digital art, and other applications, the cryptocurrency ranks among the most efficient in the coin market.

The huge community backing drives the popularity of Flow, which has offered substantial profits to investors. Continued open-source innovation makes the Flow blockchain platform relevant notwithstanding the downward spiral of the cryptocurrency market. An empowering experience entices users to remain invested in it and improve and expand their digital assets.

RobeApe (RBA)

Investors have started to brand RobeApe, the new Bitcoin or the next Ethereum, as RBA enters the presales stage. Created as a cryptocurrency, RBA brings unique features that may set a bull run in the coin market. RobeApe cryptocurrency learning academy is set to teach investors about crypto stocks and provide market insight.

RobeApe’s burning mechanism restricts RBA circulation preventing a depreciation in its value. RoboApe NFT market has a network of easily accessible avenues alongside flexibility to generate a passive income. Value-based services remain at the forefront of this next-gen blockchain platform and this is sure to stoke popular support defying the 2022 crypto winter. After winter must come spring.

Parody Coin (PARO)

Another new cryptocurrency, the success of PARO presale stages carries much hope for crypto enthusiasts. Parody Coin may start a new phase of revival in the coin market leaving behind the 2022 cryptocurrency crash. The most remarkable feature of this meme coin is its design to go with inflation but buckle a deflationary trend. It allows the printing of more PARO coins in sync with the market demand. The supply, however, reduces using a burning-out system as soon as demand drops. This controlled scarcity tames volatility and keeps the per-unit value of Parody Coin stable and perpetually in demand.

Parody Coin brings an entirely new ecosystem and investors have started to welcome this break from traditional blockchain platforms. An advanced technological infrastructure enhances and auto rewards investors holding stakes at a greater rate than ever. A key factor in raising its presale profile. Every community member has ample scope to make passive income using its highly-flexible and affordable NFT market. They don’t need a fixed budget to operate and can develop dApps, swap coins, fully control the investment, and print NFTs to increase their gain.

Find out more information on the Parody Coin Website, Telegram or Twitter (NYSE:TWTR). You can also find more about presale here.

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Cryptocurrency

Dogecoin price could rally 20% in July with this bullish reversal pattern

Published

4 days ago

June 28, 2022

letizo News

Dogecoin price could rally 20% in July with this bullish reversal pattern

Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market.

DOGE’s price appears to have been painting a bump-and-run-reversal (BARR) bottom since May 11, a technical pattern that points to extended trend reversals in a bear market. It consists of three successful phases: Lead-In, Bump and Run.

DOGE/USD daily price chart featuring ‘BARR bottom’ pattern. Source: TradingView

DOGE/USD weekly price chart featuring 50-week EMA. Source: TradingView

DOGE/USD four-hour price chart featuring ‘rising wedge’ setup. Source: TradingView

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Cryptocurrency

3 charts showing this Bitcoin price drop is unlike summer 2021

Published

4 days ago

June 28, 2022

letizo News

3 charts showing this Bitcoin price drop is unlike summer 2021

Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.

BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks.

Bitcoin estimated hash rate chart (screenshot). Source: MiningPoolStats

Bitcoin active addresses chart. Source: CryptoQuant

Bitcoin exchange reserves chart. Source: CryptoQuant

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Cryptocurrency

FTM Begins to Retest Previous Highs As Correction May Be Over

Published

4 days ago

June 28, 2022

letizo News

FTM Begins to Retest Previous Highs As Correction May Be Over

Fantom (FTM) seems to be retesting previous highs.
FTM is currently down 1.97% and is trading at $0.2845.
FTM could look to target $0.3501 should the mini upwards move continue for FTM.

Fantom (FTM) seems to be “retesting previous highs”, according to Michael van de Poppe. This comes as there has been a mini relief rally in the crypto market.

This does not necessarily mean that FTM has established its bottom yet, so traders should still tread with caution.

Fantom / TetherUS 2h (Source: Binance).

At the moment, FTM is one of the top 100 cryptos on CoinMarketCap’s list of most valuable cryptocurrencies in terms of market cap. FTM occupies the 59th position and this places FTM behind The Graph (GRT) in the 58th position and in front of Quant (QNT) in the 60th position.

FTM is currently down 1.97% and is trading at $0.2845 after reaching a high of $0.2947 over the last day. This price translates to about 0.00001361 BTC and 0.0002356 ETH. Things look a bit better for FTM over the larger time frames as the crypto saw a 7.89% increase in price over the last seven days.

FTM now has a market cap that stands at $722,730,787 and when looking at FTM’s 24-hour trading volume, the crypto stands at $166,580,326. This number is down 12.82% over the last day.

Fantom / TetherUS 1W (Source: CoinMarketCap)

When looking at the weekly chart for FTM/USDT, the last two weeks have closed with the FTM price higher than it was at the beginning of the week. It now looks like the current week will also end on a positive note. FTM can now look to target $0.3501 should the mini upwards move continue for FTM. This is a key level because it is also the last price that FTM fell from on the weekly chart.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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