比特币的 (比特币) strong bull run and the immense popularity of the decentralized finance space have attracted several new investors to cryptocurrencies. A report from Crypto.com shows a massive increase in crypto users as the figure rose from 66 五月份 2020 至 106 million by January this year.
Contrary to the popular notion that new crypto users are mostly speculating on the price, data from Unchained Capital shows that investors who bought in the past three to five years are still holding and are not yet tempted to book profits.
Unlike the 2017 bull market where many low-cap altcoins rallied, the current bull trend has rewarded projects with strong fundamentals. Let’s have a look at three such tokens and also analyze their charts.
全息链 (热的) aims to provide the solution for the scalability problems which may be a limiting factor in the crypto sector. Holochain wants to give control of data and privacy back to the people, eliminating large corporations and middlemen.
To achieve that, 霍洛, a distributed peer-to-peer hosting platform, acts as the link between the web and the Holochain apps. Holochain wants to make this technology available to users who can access the apps in a web browser. If this needs to be done, the technology must have vast scalability, fast speeds, and it should also be financially viable. The team at Holochain believes they are on the path to achieving this goal.
As part of the process, Holochain launched an app called Elemental Chat that runs on HoloPorts. The team is also planning to enable web users to log into Elemental Chat through the HoloPort. This will put the protocol’s scalability claims to the test and help to further fine-tune the project.
The team has also outlined the progress on the upcoming milestones of the Holo suite of products that will be progressively released in the future. If the team delivers on its promises, the protocol may attract investor attention.
HOT surged from $0.0007817 在二月. 8 达到盘中高点 $0.00424 在二月. 21, 一种 442% rally within two weeks. This up-move had pushed the relative strength index (相对强弱指数) 以上 92 在二月. 21, indicating the market was extremely overbought in the short term.
That resulted in profit-booking on Feb. 22 和 23, which pulled the price down to the 61.8% 斐波那契回撤水平位于 $0.0021028. But the positive sign is that the long tail on the candlesticks on both days showed strong buying at lower levels.
然而, traders who are stuck at higher levels are dumping their positions on rallies, as seen from the long wick on the Feb. 24 烛台.
After the large intraday range of the past few days, the HOT/USD pair has formed an inside day candlestick pattern today, indicating a balance between supply and demand. The pair may now consolidate for a few days.
如果多头能将价格推高 $0.00363, 重新测试 $0.00424 有可能. A breakout of this level could start the next leg of the up-move that may reach $0.0055629.
反过来, 如果空头使价格跌破 $0.0028, the pair may drop to the 20-day exponential moving average ($0.0020).
As the decentralized finance space grows, many new projects are being announced on a regular basis. It becomes difficult for investors to keep track of all of them. 因此, a liquidity aggregator that connects to several decentralized and centralized exchanges in order to swap pools and provide access from a single platform may be sought after and this is what the Orion protocol (奥恩) aims to do.
The protocol plans to offer its investor’s a variety of revenue streams. The Orion Liquidity Boost Plugin offers increased liquidity to its partners and has already onboarded Polkastarter and many other blockchain projects.
Orion’s Launchpad Liquidity has partnered with DAO Marker and DuckDAO, which will enable projects launch incubated projects on the launchpad’s own platform
Orion recently launched the staking calculator, allowing ORN token holders to calculate the staking rewards and attain APY’s of up to 38%.
After launching the first phase of the Orion Terminal’s mainnet on Dec. 15, the team plans to add several features like derivatives, leveraged ETFs, contract trading, 非金融机构, 借贷, margin trading and staking of any digital asset by 2021.
As more products are launched, the revenue is likely to increase and that may benefit ORN token holders.
ORN has been in a strong bull run this year. It rallied from $4.3014 在二月. 8 达到盘中高点 $15.20 今天, 一种 253% rally in just over two weeks. 结果是, the RSI has surged to above 91 等级, indicating the possibility of a short-term fall or a range-bound trading action.
The bears tried to stall the rally on Feb. 22 和二月. 23, but the long tail and the positive closes of each day show that the bulls purchased the dips and resumed the rally.
然而, today it looks as if traders booked profits and a retest of the 38.2% 斐波那契回撤水平位于 $11.4379 有可能.
If the ORN/USD pair rises from this support level, it will indicate strong demand at lower levels. That could result in a retest of $15.20 and a breakout of this resistance may propel the pair to $20.
另一方面, 休息一下 $10.2759 可能会将价格拉低至20天均线 ($8.21). Such a deep fall could delay the next leg of the up-move.
The DeFi space has been attracting investor attention in the past few months. 然而, the growing popularity has clogged the Ethereum network gas fees have soared to unsustainable levels. 因此, traders are searching for options that are on competing networks and charge fewer fees. Binance Smart Chain has been one of the major beneficiaries of this trend.
DODO is a decentralized exchange that uses the Proactive Market Maker (PMM) algorithm, which the team claims is better than automated market makers. DODO offers several features such as trading, aggregation, initial DEX offerings, and mining.
DODO introduced Crowdpooling in January, and this feature aims to provide equal opportunity to investors by addressing the biggest issues being faced by new projects. 如果成功, Crowdpooling will help prevent frontrunning, insufficient liquidity, and the high costs associated with attracting liquidity. The first phase of the DODO V2 Beta crowdfunding pool called ‘ShuttleOne’ was a huge success as it was oversubscribed by 173 次.
DODO token was listed on Binance on Feb. 19 following the DODO V2 Public Beta launch on the Ethereum Mainnet and Binance Smart Chain on Feb. 22. There are also several incentive programs available on BSC.
DODO price rallied from an intraday low at $2.788 达到盘中高点 $10 在二月. 19. The token had strong listing gains but since then, the price has been in a corrective phase.
The bulls attempted to start a rebound off $3.50 在二月. 23, but the bears continue to sell on minor rallies, indicating a negative sentiment. 然而, a minor positive is that the bulls have been defending the $4.50 level for some time.
如果价格从当前水平上涨并突破 $5.660, the DODO/USD pair may rise to $7.50. This level is likely to act as a stiff resistance but if crossed, 这对可能会反弹 $8.75 and then retest $10. The next leg of the uptrend may resume above this level.
反过来, 如果空头使价格跌破 $4.50, 下降到 $3.50 有可能. The selling could intensify if the $3.50 至 $2.788 support cracks.
这里表达的观点和观点仅是作者的观点，不一定反映Cointelegraph的观点。. 每笔投资和交易动作都涉及风险, 您在做出决定时应该进行自己的研究.