Monat: April 2023

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Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot?

Early 2023 has seen a long-term trend reversal in the crypto markets, as Bitcoin has started to reclaim previous price levels, and many altcoins have reached new highs. The Polkadot price prediction remains bullish over the coming years, while AltSignals (ASI), a new crypto asset launched during this period, has been attracting significant investment already.

Early-stage crypto ASI is now expected to outperform Polkadot

Despite being a new crypto asset within Web3, AltSignals has already begun attracting significant investment levels. The ASI token presale has raised $112kin just 1 day since the event started, a strong signal of intent from the new platform.

In contrast, the Polkadot price prediction looks ready for a reversal after significant upward momentum at the beginning of 2023. The DOT token almost doubled in value between January and March and has since corrected.

While Polkadot remains a top 20 cryptocurrency by market cap, AltSignals is just launching its crypto token. New crypto assets often produce massive investment returns, and AltSignals’ unique blockchain offering could make it next in line for 100x gains.

What is Polkadot?

Polkadot (DOT) is an interoperable blockchain network and innovative layer-0 protocol. Polkadot unleashes the potential of blockchains to reach a far broader scale than has been possible in the past, as interoperability limitations have been a key barrier to blockchain scalability.

Polkadot helps its users easily exchange data and value between independent blockchain networks, giving anyone access to cutting-edge blockchain technology without participating in risky bridging processes.

Polkadot price prediction: Could DOT reach $100 in 2025?

The DOT token reached its previous all-time high during the 2021 bull market, climbing to a $54 valuation. The current Polkadot price prediction highlights critical resistance areas at $15 and $30 on the way back to an all-time high.

The Polkadot price prediction forecasts the potential for 10x gains from DOT in the coming years, but it may struggle to make significant improvements on its previous high. By 2025, experts suggest that the Polkadot price prediction is a maximum of $86.

What is AltSignals?

AltSignals has supported 50,000+ crypto traders with profitable trading signals since its launch in 2017. The project utilizes algorithmic indicators to deliver signals with an unmatched level of accuracy, making it an industry-leading platform for crypto trading tools.

The proprietary indicator released by AltSignals, AltAlgo™, helped those who matched its trades to 10x their portfolio in 19 separate months. It boasts an impressive accuracy rate of over 70%, making it one of the most successful trading indicators in Web3.

AltSignals is expanding its blockchain offering by releasing a new crypto asset, ASI. ASI provides access to a new-and-improved trading toolkit powered by an artificial intelligence called ActualizeAI.

ActualizeAI will leverage natural language processing (NLP) and predictive modeling to augment AltSignals’ trading tools with machine learning capabilities. By unleashing the full power of artificial intelligence on crypto market data, ActualizeAI is expected to give traders of all skill levels an edge while trading.

How does ASI work?

The new crypto asset being released by AltSignals, ASI, provides direct access to ActualizeAI – the artificial intelligence trading stack currently being developed by AltSignals.

The platform’s native token also provides entry to AI Members Club, an online community designed to give users more profitable trading opportunities. AI Members Club will provide users with access to public and private sales for promising crypto projects, which are often highly lucrative investment opportunities.

AI Members Club will also host online trading tournaments where massive crypto rewards are paid out to winners. As well as this, ASI token holders can stake their new crypto asset directly on the AltSignals platform and start earning a passive income.

Could ASI reach $5 in 2025?

AltSignals has the potential to become a significant AI-based blockchain protocol. It offers a novel solution to navigating market volatility that could appeal to many users over time.

Some experts are forecasting significant investment returns from the ASI token presale. The price of ASI will rise from $0.012 to $0.02274 during the event before it goes live on exchanges at the $0.02274 price level. By 2025, the new crypto asset could possibly be worth more than $5 – a staggering 200x price rise from the end of the presale.

AltSignals vs. Polkadot price prediction: Which is the better investment opportunity?

As a brand-new crypto asset, AltSignals is expected to produce a higher percentage return when compared with the Polkadot price prediction. While DOT investors are still likely to see significant returns, ASI is a fascinating investment opportunity for a key reason.

AI protocols in crypto are generating an increasing level of hyperbole, and many experts are suggesting that it could be the next subdomain of Web3 to take off truly. AltSignals could spearhead this progress over the coming years, which makes the new crypto asset presale a promising investment opportunity.

You can participate in the ASI crypto presale here.

The post Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot? appeared first on CoinJournal.

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Interactive Brokers’ chairman on bitcoin: ‘it’s worth nothing but I own some’

  • Thomas Peterffy owns bitcoin for an unusual reason.
  • He says crypto activity at IBKR has been very slow.
  • BTC is trading well below the $30,000 level today.

Interactive Brokers – a financial services company that enables 24/7 trading of bitcoin reported weaker-than-expected earnings for its first financial quarter this week.

Chairman Peterffy’s view on BTC

On Wednesday, discussing the earnings report with CNBC’s Andrew Ross Sorkin, the firm’s chairman said he owned bitcoin albeit for an unusual reason.

As far as I’m concerned, it’s worth nothing. But I own some even though I believe it’s worth nothing because other people believe that it’s worth something.

Thomas Peterffy also revealed that he did not have a view on where the bitcoin price may be headed from here.

The world’s largest cryptocurrency is trading well under the $30,000 level today perhaps as investors moved to capitalise on its massive run to the upside in recent months.

Crypto trading has been slow at IBKR

Interactive Brokers recorded a 21% annualised increase in customer accounts in its recently concluded quarter to 2.20 million.

Revealing how crypto contributed to the platform’s financial performance in Q1, Chairman Thomas Peterffy said on CNBC’s “Squawk Box”:

Crypto activity on our platform is very slow. We don’t custody crypto – that may be a reason. But generally, crypto trading is much reduced from where it used to be a year or two ago.

He doesn’t have a bullish view on the equities market either and said the S&P 500 should be trading about 20% lower than where it is now.

The post Interactive Brokers’ chairman on bitcoin: ‘it’s worth nothing but I own some’ appeared first on CoinJournal.

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Space and Time partners Microsoft to bring real-time blockchain data to Azure

  • Space and Time and Microsoft want to make it easy for Azure customers to integrate blockchain data into business processes.
  • The one-click deployment will help enterprises bridge blockchain, data assets and AI, the two companies said in a press release.
  • Microsoft invested in Space and Time’s $20 million investment round last September.

Web3 data warehouse Space and Time and tech giant Microsoft are collaborating to make it easy for developers to access blockchain data on the Microsoft Azure Marketplace.

The companies said in a press release on Wednesday that developers can now access Space and Time’s one-click deployment directly from the Azure marketplace, with projects leveraging the technology to access, manage and perform analytics on their blockchain-native data easily and securely.

With this integration, businesses can effortless leverage decentralised data warehouse technology without having to rearchitect existing infrastructure. In this way, enterprises can create use cases on the blockchain without losing their compute power or security.

As CoinJournal reported, Microsoft recently launched its Azure Blockchain Tokens platform to help businesses easily create their own blockchain tokens.

Access to verifiable data should be easy and secure

Making the one-click deployment possible on the Azure Marketplace offers developers the opportunity to accelerate the onboarding of enterprise data to the blockchain, the two companies announced.

This will include large volumes of smart contracts and indexed blockchain data, with enterprises able to bridge data assets, the blockchain and AI.

 “The need for verifiable data across blockchains, enterprises and AI has never been more important. We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards,” Nate Holiday, the CEO & co-founder of Space and Time, commented.

Space and Time’s latest collaboration with Microsoft follows the computing and AI behemoth’s investment in the data warehouse platform in September 2022. The $20 million investment round Space and Time secured was led by M12, Microsoft’s venture capital fund.

The post Space and Time partners Microsoft to bring real-time blockchain data to Azure appeared first on CoinJournal.

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FET price slips as bears threaten bullish outlook

  • FET price dipped 8% to support near $0.38
  • Today’s sell pressure comes after FET/USD broke higher after a pennant pattern.
  • Fetch.ai is a leading artificial intelligence related crypto project.

Fetch.ai price has retraced to support near $0.38 amid a broader crypto market dip that has Bitcoin again below $30k and Ethereum under $2k.

According to data from CoinGecko, the price of FET was down more than 8% in the past 24 hours on Wednesday morning, with the technical picture suggesting possible breakdown to a recent support zone.

This could be the case if bears take advantage of current weakness to force prices lower.

FET price prediction: bulls need to hold onto gains

Fetch.ai is an artificial intelligence-powered blockchain platform that seeks to enable full decentralisation of peer-to-peer transactions. The platform has announced new crypto trading products for DeFi users as the ecosystem embraces the benefits of artificial intelligence in trading.

The price of Fetch.ai has been one of the altcoins to profit from the sentiment around the AI in crypto narrative in 2023.

As can be seen in the Fetch.ai price chart below, FET/USD recently formed a bullish pennant – a technical indicator that usually suggests continuation on the upside.

Fetch.ai price prediction daily chart. Source: TradingView

But this outlook could be jeopardised if prices dip further, with primary support then expected near $0.34.

FET also has the daily RSI flipping downwards from near the oversold territory, while the MACD remains above the signal line but is suggesting weakness. If bears take charge, the recent consolidation zone between $0.25 and $0.29 will offer a crucial buffer should market weakness continue.

On the upside, if more buy FET pressure materialises, a flip to the February highs of $0.60 could be possible in the coming days. The immediate outlook suggests the area around $0.40 should offer the main resistance before a +60% breakout to the aforementioned target.

The post FET price slips as bears threaten bullish outlook appeared first on CoinJournal.

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Ethereum Price Prediction For May. Will Shanghai Split Boost ETH, or is Metacade a Better Investment Option?

Ethereum is well-regarded as a crypto stalwart across the industry and ultimately remains the leading provider of blockchain network services for a host of decentralized apps (dApps), DeFi, and GameFi platforms. Ethereum news is buzzing with the platform’s now completed Shanghai update hot on the heels of “The Merge,” with analysts pondering over what the Shanghai split will do to the Ethereum price prediction in 2023.

While Ethereum news dominates the wires, Metacade’s recent partnership with MetaStudio and successful coin listing on Uniswap has quietly built on the momentum gained during the platform’s incredible presale event. Analysts are now waking up to the potential of Metacade, with many asking which is the better investment option this year, MCADE or ETH?

What is the Shanghai Split?

Shanghai is an upgrade which successfully activated on Wednesday, 12th April, and allows investors who have staked their ETH holding on the network to start withdrawing funds for the first time.

The main feature of Shanghai is to complete Ethereum’s transition from the unwieldy, expensive, and environmentally unsound proof-of-work (PoW) consensus mechanism to the cheaper, more flexible, and ecologically friendly proof-of-stake (PoS) mechanism to approve transactions. This switch allows Ethereum to move away from needing energy-intensive blockchain miners and the associated computer hardware, reopening the broader debate around the environmental impact of P.O.W cryptos.

Ethereum (ETH) Price Prediction 2023

The impact of the Shanghai split on the price of Ethereum remains unknown; however, analysts and investors have voiced their concerns over the potential implications in Ethereum news articles. In addition, many investors are apprehensive that the ability to withdraw staked ETH could deleteriously impact price predictions this year.

While current Ethereum price predictions in May  remain bullish, ( ETH is anticipated to rise above the $2,500 barrier by year’s end), markets and investors are nevertheless braced for price predictions to be revised downwards as a consequence of the possible release of unstaked ETH onto the exchanges.

What is Metacade?

Metacade is a brand-new GameFi platform with lofty ambitions to build the world’s most extensive online gaming arcade. Metacade’s primary goal is to provide its community access to the broadest possible gameplay experience to maximize its total addressable market (TAM).

The platform will revolve around a thriving community built by gamers, developers, and crypto fans as a hub for like-minded individuals to hang out and collaborate to push Metacade to greater heights and help push innovation in the wider Web3 gaming sector. While gamers can earn income through the platform’s outstanding play-to-earn (P2E) mechanics, this is just one string of a comprehensive rewards system that outstrips other GameFi titles.

For instance, users are incentivized to contribute to community building by gaining rewards each time they post social content in the form of alpha, game reviews, and contributions to forums and online chats. In addition, Metacade has a token staking scheme where users can gain passive income while investing in the platform’s future.

These features provide Metacade with exceptional levels of utility built into the MCADE coin. Alongside that, the platform’s transition to becoming a fully decentralized autonomous organization (DAO) will build governance into the token.

One essential part of this devolution of power to the community members is the pioneering Metagrants scheme, through which developers can apply for crypto grants to support the creation of exclusive new games for Metacade. Voting rights are rewarded to MCADE coin holders, who can vote for their favorite ideas. The concepts with the most votes can receive a grant from the platform’s central treasury, thus helping the platform evolve.

Metacade (MCADE) Price Prediction 2023

There is much to be excited about when looking at the price predictions for MCADE this year. With the successful listing on Uniswap at $0.022 already under its belt, the imminent listings on Bitswap and MEXC later in April and early May, respectively, look set to provide MCADE with a boost.

In addition, Metacade’s commitment to paying out rewards in MCADE will help maintain the flow of tokens within its ecosystem, keeping demand high and thus pushing the price higher. That, combined with the roll-out of new games and features throughout the coming weeks and months, could move MCADE beyond $0.50 by the end of the year, a price that would more than 50x returns for investors that bought at the presale launch price of $0.008.

ETH vs. MCADE: Which is the better investment this year?

Recent Ethereum news has made investors nervous about the value of their holding. While this has yet to filter into the Ethereum price prediction for 2023, there’s every chance that analysts will begin to revise their Ethereum price predictions downwards in the coming weeks and months if the Shanghai upgrade and token withdrawal capability hit the value of ETH.

There is no such uncertainty surrounding the future of MCADE. On the contrary, with the impending listing on more exchanges imminent, the platform will reach a wider audience and increase demand for tokens. These new listings, combined with the developing  utility of MCADE this year, make it an interesting potential investment choice in 2023.

You can find more information, including on how to buy MCADE, here.

The post Ethereum Price Prediction For May. Will Shanghai Split Boost ETH, or is Metacade a Better Investment Option? appeared first on CoinJournal.