Entering the first week of 2022, a number of crypto assets immediately step on the gas and have the potential to move up. However, on the other hand, there are several cryptocurrencies that experience stagnant movements, even tend to have the potential to decline until they enter a bearish phase . Read more about Market Signal for the first week of crypto assets in early 2022.
List of 5 Bullish Crypto Assets
1. Stacks (STX)
Graphics Asset Crypto Stacks (STX)
Graphic illustration of Stacks cryptocurrency assets (STX).
Entering the ranks of crypto assets bullish this week, Stacks is one of the cryptocurrencies involved in several experimental decentralized finance (DeFi) and non-fungible token (NFT) projects with the Bitcoin blockchain network. The use of the Stacks network has increased significantly in recent times.
Tokocrypto trader, Afid Sugiono , said the reason STX is potentially bullish is because it launched a new main network called ALEX Mainnet. According to him, from technical analysis, STX already has a bullish flag , but it will be slightly corrected and will rebound around 13 percent.
“ALEX Mainnet will launch on January 17th. Usually one week before launching , the market has reacted. If the news is good, it will increase. Then, on January 10, there will be an ALEX Token Launchpad Live that can boost the price of STX,” said Afid (04/01).
STX’s current rating on CoinMarketCap is #54, with a market cap of $3,036,811,513. The circulating supply is 1,291,912,627 STX coins and a maximum supply of 1,818,000,000 STX coins.
2. Avalanche (AVAX)
Graphic aset crypto avalanche (AVAX).
Graphic illustration of the cryptocurrency Avalanche (AVAX).
Avalanche (AVAX) is an open source platform where developers can build and launch decentralized applications (DApps) in a highly scalable ecosystem. Since its launch the AVAX ecosystem has grown exponentially.
Many analysts claim AVAX is one of Ethereum’s rivals, aiming to unseat it as the most popular blockchain for smart contracts . Afid sees that AVAX’s movement has a potentially bullish triangle pattern .
“Perhaps in the near future AVAX will be slightly corrected and will experience a pump of around 40 percent automate trading. The January 5 AMA event could be a potential rebound higher and there could be a bit of a reaction in the market ,” he said.
AVAX’s current ranking on CoinMarketCap is #11, with a market cap of US$ 26,349,634,814 . The circulating supply is 243,752,475 AVAX coins and the maximum supply is not available.
3. Loopring (LRC)
Graphics Asset Crypto Loopring (LRC).
Illustrated graphics by Loopring Crypto (LRC).
LRC is an Ethereum-based utility token on the Loopring network specially designed to facilitate a decentralized exchange (DEX) and payment system. This encourages positive behavior from liquidity providers , insurance companies, and decentralized autonomous organization (DAO) governance .
Afid explained that the LRC analysis technique itself has formed a triangle. LRC is likely to be slightly corrected first and soared by around 35 percent. On the other hand, this token has good news that triggers the market to move.
This loopring layer-2 blockchain is similar to Polygon (MATIC), where interestingly, it collaborates with the Bank of China. The technology used by Loopring is a Bank of China patent for their payment system, “he said.
The current LRC rating on CoinMarketCap is #58, with a market cap of US$ 2,774,206,433 . The circulating supply is 1,328,716,100 LRC coins and a maximum supply of 1,374,513,896 LRC coins.
4. NEAR Protocol (NEAR)
Grafik aset kripto NEAR Protocol (NEAR)
Graphic illustration of a NEAR Protocol (NEAR) crypto asset.
NEAR is a decentralized development platform designed to provide an ideal environment for Dapps by overcoming some system limitations, such as low throughput and speed and poor cross-compatibility. Similar to Ethereum, Cardano, and TRON, NEAR can be described as a layer-one or “base layer” blockchain,
“There is nothing specific about the fundamentals. However, from the technical analysis, this is good, where NEAR breaks out its old resistance and tries to increase again. The potential increase itself is around 20 percent,” explained Afid.
CoinMarketCap’s NEAR rating is currently #21, with a market cap of US$ 10,528,482,290 . The circulating supply is 602,964,783 NEAR coins and a maximum supply of 1,000,000,000 NEAR coins.
5. Polkadot (DOT)
Polkadot crypto asset chart (DOT)
Polkadot (DOT) crypto asset graphic illustration.
Polkadot (DOT) is one of the crypto assets that is getting enough attention because it is growing quite rapidly in 2020-2021. DOT itself is a blockchain-based crypto coin that allows multiple networks to be interconnected.
“From Polkadot, there are still events, right. Where this auction has not ended. The DOT analysis technique has also broken out of its resistance and is consolidating and is just waiting for it to rise again. There may be an increase of around 38 percent,” said Afid.
The DOT rating on CoinMarketCap is currently #10, with a market cap of US$ 29,320,478,202 . The circulating supply is 987,579,315 NEAR coins and the maximum supply is not available.
List of 5 Bearish Crypto Assets
1. Power Ledger (POWR)
Graphic Asset Crypto Power Ledger (POWR)
Graphic illustration of the Power Ledger (POWR) crypto asset.
Power Ledger (POWR) is a blockchain-based platform used to sell and distribute solar power without intermediaries in local areas. So, It is a technology company that uses blockchain to facilitate trading of energy and environmental commodities.
“Power Ledger (POWR) from the analysis technique is already overbought . From the relative strength index (RSI), POWR has reached a buying saturation point, which is at 70. Usually when that happens, the market usually corrects to the support area , if possible, it can fall again to around -22 percent, “said Afid.
The current POWR rating on CoinMarketCap is #180, with a market cap of US$ 291,661,997 . The circulating supply is 463,486,097 POWR coins and a maximum supply of 1,000,000,000 POWR coins.
2. Voxies (VOXEL)
Graphics asset crypto Voxies (VOXEL)
Graphic illustration of the Voxies (VOXEL) crypto asset.
Voxies is a free-to-play 3D turn-based tactical RPG game on the blockchain. VOXEL tokens will also be accessible on the secondary market, where players trade tokens outside of the game.
According to Afid, the VOXEL analysis technique of the RSI chart has touched overbought. “And he’s going to be oversold again. Where VOXEL will continue to decline, maybe it will be consolidated from the market first , then there will be a decision on where the price will be taken.”
VOXEL’s current rating on CoinMarketCap is #302, with a market cap of US$ 211,513,420 . The circulating supply is 60,343,002 VOXEL coins and a maximum supply of 300,000,000 VOXEL coins.
3. Dusk Network (DUSK)
Graphics of crypto Dusk Network (DUSK)
Graphic illustration of Dusk Network (DUSK) crypto assets.
Dusk Network claims to be a privacy blockchain for financial applications. It is a layer-1 blockchain that supports the Confidential Security Contract (XSC) standard, and supports smart contracts . Dusk Network aims to meet the requirements and needs of the financial market.
The DUSK token can be used as a utility token for initiating transactions, atomic exchanges, or deploying smart contracts . Behind that, the movement of DUSK this week tends to be bearish . Afid sees a pattern for a downward breakdown or breakout . “There may be a drop of around 17 per cent, but it will be a gradual decline.”
DUSK’s current rating on CoinMarketCap is #171, with a market cap of US$ 347,444,753 . The circulating supply is 389,445,429 DUSK coins and a maximum supply of 1,000,000,000 DUSK coins.
4. SushiSwap (SUSHI)
Graphics of crypto SushiSwap (SUSHI)
SushiSwap (SUSHI) crypto asset graphic illustration.
SushiSwap is a decentralized exchange (DEX) equipped with smart contracts . SUSHI is a dedicated Ethereum token dedicated to the Sushiswap ecosystem.
Afid explained that SUSHI has the potential to be bearish and is just about to go oversold . “He’s probably going to come off his oversold and will potentially be down around 7 percent. It also failed to form a bullish flag pattern .”
SUSHI’s current rating on CoinMarketCap is #92, with a market cap of US$ 1,081,291,463 . The circulating supply is 127.244,443 SUSHI coins and a maximum supply of 250,000,000 SUSHI coins.
5. Hive (HIVE)
Graphic set crypto Hive (HIVE)
Ilustrasi graphic aset crypto Hive (HIVE).
Launched on March 20, 2020, Hive is a decentralized information sharing network with a blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. HIVE was developed to store large amounts of content and make it available for time-based monetization.
“HIV has the potential to continue to decline. If you look at the chart, it forms a lower high and a lower low . It might consolidate a bit first, but there will be a decrease of around 10 percent,” said Afid.
The HIVE rating on CoinMarketCap is currently #129, with a market cap of US$ 618,630,296 . The circulating supply is 385,507,491 HIVE coins and the maximum supply is not available.
