Monat: Juni 2023

• Binance Labs has started accepting Season 6 Incubation Program applications for Web3 innovation.
• The incubation program offers tailored resources and mentoring for startups.
• At the same time, the first stage of AltSignals presale has hit 96.71%.

The sixth season of Binance Labs’ prestigious Incubation Program is now accepting applications. The program’s goal is to promote innovation in the Web3 industry, a rapidly expanding field at the vanguard of the digital revolution.

The sixth season of the Binance Labs Incubation program opens at a time when the exiting crypto-based AI project AltSignals is running the presale of its native token ASI.

The track record of Binance Labs in accelerating startups is strong. Over 900 applications were submitted for the program’s previous season. After a thorough review process, 12 project teams were chosen. These teams represented a range of industries, including infrastructure, security, and decentralized finance (DeFi). 

Out of the 12, Binance invested in five standout project teams, demonstrating the enormous potential and talent that the program unearths.

AltSignals’ crypto-based AI project

With the creation of a completely new trading stack powered by artificial intelligence, AltSignals is embracing the potential of generative AI through its upcoming platform ActualizeAI which uses blockchain technology and AI to create the highest calibre trading intelligence available online.

For a number of reasons, AltSignals is already hailed as one of the cryptocurrency platforms with a very promising future. It was launched in 2017 and it has developed to support a community of more than 50,000 users, all of whom benefit from the platform’s patented AltAlgoTM trading indicator tool that boasts an exceptional success rate of 64% on average.

AltSignals is utilizing the immense potential of AI to create its ActualizeAI trading stack in an effort to raise this rate to over 80%. As it readies for the launch of its AI platform, AltSignals is currently conducting the presale of its cryptocurrency, ASI.

The ActualizeAI combines a number of cutting-edge generative AI capabilities to provide a remarkably potent all-in-one solution for enabling profitable decision-making. The tool uses machine learning algorithms to apply rules-based logic to understand how markets function. Natural language processing (NLP) also uses trader sentiment analysis while speeding up learning. This improves output quality, frequency, and volume, offering a reliable and flexible solution for trading insights.

To help members benefit from the best buy and sell prices, ActualizeAI uses reinforcement learning to automatically balance the risk/reward ratio on all trades. This helps to remove emotions from the decision-making process. Users benefit from the most recent information available thanks to a system that is constantly learning and enhancing the calibre of its trading signals.

Binance’s incubation program tailored for Web3

The three-month program is specifically designed to meet the changing needs of founders in this fast-paced sector. Its educational program is totally dedicated to creating Web3 startups. The program’s resources are encouraged to be used by founders as they develop their concepts and iterate on their products.

One-on-one mentoring sessions and access to fireside chats with business luminaries, including the founders of portfolio companies from Binance and Binance Labs, are included in this special opportunity.

Additionally, for its Incubation Program, Binance Labs is looking for startups in particular fields of interest. Infrastructure, Decentralized Finance (DeFi), and the Application Layer are some of these areas. Numerous sub-areas, including MEV, ZK Proofs, Layer 2 Scaling, Lending & Borrowing, Perpetuals & Derivatives, Investing, AI-Powered DApps, Web 2.5 DApps, Analytics, and SocialFi, are included within these sectors.

By concentrating on these regions, Binance Labs aims to sponsor the most promising and innovative Web3 projects.

The post Binance Labs incubation program season 6 opens as AltSignals presale hits 96.71% appeared first on CoinJournal.

• EOS price is down 13% year-to-date even as LTC and BCH have turned extremely bullish.
• The broader market outlook is bullish and that could help EOS target recent peak.
• EOS traded at $0.77 at the time of writing, about 10% up after a brief dip to $0.70. 

EOS price is currently trading near $0.77 after briefly falling to $0.70 on a move replicated across the broader crypto market.

However, the coin is still hovering below June highs, and is down 15% in the past 30 days. EOS is also way off its year-to-date peak, with the performance contrasting with some of the oldest altcoins as seen over the last few weeks.

Could news about EOS EVM provide positive vibes that can spur bulls higher? Probably, and it’s what bulls need – upside impetus sparked by increased network activity. 

Games and dapps coming to EOS EVM 😎

— Yves La Rose (@BigBeardSamurai) June 30, 2023

EOS price amid crypto market outlook

Coins like Litecoin (LTC) and Bitcoin Cash (BCH) have been on a tear lately, outperforming even the benchmark crypto Bitcoin (BTC) that has had an impressive first half of 2023 with 83% year-to-date gains.

On the other hand, we have EOS that has remained largely wedged in negative territory since the breakdown from around $2 in September last year. The downturn from $1.34 in March gradually saw EOS/USD reach $0.60 in mid-June and see bulls down 13% YTD even after recent gains.

The coin’s performance has been punctuated by the dips occasioned by SEC’s lawsuits against Coinbase and Binance, which had Bitcoin retreating sharply from the $30k area earlier this month. While the spot ETF wave sparked by asset manager giant BlackRock has had EOS bounce higher, the overall technical setup is bearish.

EOS price might yet also see fresh sell-off as bankrupt crypto lender Celsius begins to sell or convert altcoins into BTC and ETH. [Read more].

The post EOS price lags as Bitcoin Cash, Litecoin soar appeared first on CoinJournal.

• Litecoin price bounced strongly to see bulls hit a 14-month high near $110.
• LTC last traded at these prices in April 2022, and could hit new multi-year highs as the Litecoin halving approaches.
• Prices fell to $84 earlier in the day after markets reacted negatively to news about spot Bitcoin ETfs.

Litecoin is still poised for more upside action after an enforced breather pushed LTC back to lows of $84 on Friday. 

A strong rebound for LTC in the last few minutes had buyers eyeing $110, even as the cryptocurrency reached its highest level since early April 2022.

Litecoin had surged to highs of $103 earlier in the day as bulls looked to breach a level last reached in mid-February. 

However, the momentum was briefly halted as the broader market reacted to a news report that the US Securities and Exchange Commission (SEC) had provided feedback on recently filed spot Bitcoin ETFs indicating the filings were “inadequate.”

As reported here, Bitcoin briefly fell below $30k as the market reaction injected sell-off pressure. But there has been some kind of swift rebound for BTC as buyers rode on the details of the “quick” feedback from the SEC.

BlackRock, Fidelity and other asset managers that recently submitted applications for a spot Bitcoin ETF will need to refile with the SEC. Specifically, they have to clearly point out which spot crypto exchange provider they have a market surveillance sharing agreement (SSA) with. 

LTC price bullish ahead of halving

Litecoin’s positive outlook is down to a key fundamental factor – the network’s upcoming halving will only be days away now as July begins. The countdown to the halving shows that the highly anticipated event is expected at block 2,520,000 on August 2, 2023.

The network’s third halving, after 2015 and 2019, will see block reward reduced from 12.5 LTC to 6.25 LTC.

Amid the exuberance about potential price growth, hashrate recently rose to its all-time high of 958.36 TH/s. CoinWarz data indicates the milestone was reached on June 28, 2023 at block 2,499,942.

With price near $110 and the halving event around the corner, LTC price could rise to $200 pre-halving. Post-halving, it’s the all-time high of $410 that could be a nice target for bulls.

The post Litecoin (LTC) bounces strongly as bulls brush off brief retreat appeared first on CoinJournal.