CAKE has been underperforming over the last 24 hours despite the Opera Crypto Browser announcing its integration with Pancakeswap.
CAKE, the native coin of Pancakeswap decentralised exchange (DEX), is down by more than 1% in the last 24 hours. The poor performance coincides with that of the broader cryptocurrency market.
The total crypto market cap has dropped to $920 billion after losing more than 1% of its value in the last 24 hours.
Bitcoin continues to struggle below $19k after losing more than 2% of its value so far today. It could dip lower ahead of today’s FOMC meeting. Ether risks dropping below the $1,300 mark for the first time in weeks after losing more than 2% of its value in the last few hours.
CAKE’s poor performance comes despite the Opera Crypto Browser announcing its integration with Pancakeswap.
[email protected] is now live in our wallet! 🙌 You can now swap for your favorite tokens via BNB chain with our integration with PancakeSwap, giving you direct access to some of the lowest swap fees in Web3! https://t.co/om9pvzG6vu pic.twitter.com/xl8qb5TlFg
— Opera Crypto (@Opera_Crypto) September 20, 2022
Opera Crypto Browser said Pancakeswap is now live on its wallet. The integration is designed to provide quick and easy swaps for tokens on the decentralised exchange.
Following this latest development, Opera Crypto Browser users can now swap tokens via BNBChain.
Key levels to watch
The CAKE/USD 4-hour chart is bullish despite Pancakeswap underperforming over the last 24 hours. However, the technical indicators show that CAKE could turn bearish soon.
CAKE/USD Chart By TradingView
The MACD line remains above the neutral zone, indicating positive momentum for CAKE. The 14-day RSI of 46 shows that CAKE could be heading into the oversold region if the bearish sentiment continues.
At press time, CAKE is trading at $4.2713 per coin. If the bearish trend continues, CAKE could drop below the $4.177 support level before the end of the day.
However, the bulls could take advantage of Opera’s integration to push CAKE higher in the near term. If that happens, CAKE could move past the $4.4146 resistance level over the next few hours.
However, it would need the support of the broader cryptocurrency market to attempt the second major resistance level at $4.751 in the short term.
Where to buy now
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
The post Will CAKE rally after Opera Crypto Browser integrated Pancakeswap? appeared first on CoinJournal.
Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News
Top 5 Altcoins That Could Make You a Millionaire In the Next 5 Years
What are the top 5 altcoins with a future that could yield massive gains in the next five years? Let’s take a look at it in more detail.
The cryptocurrency market has witnessed a few lows over the past few months. After tremendous losses in the first half of 2022, cryptocurrency prices have stabilized narrowly since June. Right now it makes sense for investors to invest in cryptocurrencies at a cheap price. But what are the top 5 altcoins with a future that could yield massive gains in the next five years? Let’s take a look at it in more detail.
How are cryptocurrencies moving at the moment?
In recent months, the price of cryptocurrencies has stabilized again after heavy losses in the first half of 2022. In the first half of the year, the bear market displayed huge losses on the market. The Bitcoin price dropped from $68,000 in November to below $18,000 in June. Ethereum dropped from $4,800 below $1,000 in 8 months. After many altcoins had bottomed out, cryptocurrency prices were able to recover more efficiently.
Which Altcoins will have the most potential?
Right now we are indeed in a bear market. Prices have dropped more than 80% since the end of 2021. But this is an effect of the cycle in cryptocurrencies. Earlier in 2018 and 2014, we witnessed massive losses after the end of the bull market.
In the coming months, some altcoins could display extremely good performance. Therefore, an investment could be beneficial, especially now with the fairly low prices for investing in these cryptocurrencies.
1.Top 5 Altcoins: Ethereum (ETH)
Ethereum is a cryptocurrency with a future that could continue to evolve very well in the coming years. The Ethereum blockchain was the first network to offer smart contracts. That is why Ethereum is a leader in the field of decentralized applications.
In recent years, transaction fees have risen but transaction speed dropped. The recently concluded Ethereum 2.0 transformation could fix these flaws in Ethereum. This could permit the network to secure its dominance of dApps going forward. Therefore, Ethereum is definitely one of the cryptocurrencies that could explode in the next five years.
2.Top 5 Altcoins: Cardano (ADA)
Cardano is one of the top 5 altcoins that could explode in the next five years. Cardano incorporates the dimensions of decentralization, scalability, and security. The Cardano blockchain is deemed to be the most technically grown blockchain on the market.
Many investors believe that Cardano can replace Ethereum at the top of the blockchains that can be the foundation for dApps. Cardano will be further expanded in the long term according to scientific criteria, which makes Cardano one of the cryptocurrencies with a future.
3.Top 5 Altcoins: Ripple (XRP)— Ripple (@Ripple)
The XRP is the token of the Ripple payment network. This is a network that was designed for big banks so that banks can make their transactions between different payment areas more efficient and cheaper.
XRP is one of the cryptocurrencies with a future, as the execution has already been tested and many big economic institutions are already successfully utilizing the Ripple payment network. The XRP could explode in the next five years.
4.Top 5 Altcoins: Polkadot (DOT)
Polkadot is a network that operates to connect various blockchains and permits them to communicate with each other. Polkadot delivers the so-called parachains. These are connectors that can be utilized to connect various blockchains.
Polkadot wants to concede a vision called the “Internet of Blockchains”. This is a vision for the future in the cryptocurrency world. If different blockchains can communicate with each other, the internet could be established on blockchain technology in the future. Polkadot could explode in the next five years because of these traits.
5.Top 5 Altcoins: VeChain (VET)
Another compelling project is VeChain. This blockchain makes it possible for businesses to trace their whole supply chains from production to delivery to the sale of their product. This quality makes VeChain an extremely interesting cryptocurrency.
VeChain has already entered into a partnership with some big companies. The VeChain concept has an extremely high prospect and many experts currently witness the price of the VeChain VET token as being severely undervalued. That is why VeChain is one of the altcoins that could explode in the next five years.
What characterizes these 5 altcoins?
The cryptocurrencies mentioned above are a selection of illustrations that could be extremely valuable in the future. These cryptocurrencies with a future are depicted by the fact that they have a sustainable vision and can efficiently solve problems in the future. Similarly, these networks could expand strongly in the coming years.
The altcoins have already demonstrated their effectiveness, they have an exciting vision and work towards that vision seriously. Thus, they could not only witness short-term hypes but also rise in value in the long term.
Should you invest in these top 5 altcoins now?
An investment in these cryptocurrencies is profitable at the moment. Because particularly now in the bear market, the prices of these altcoins are extremely low. The prospect for the future is huge. Regular investment in these coins could be quite beneficial for ambitious investors.