Monat: Juli 2023

Cryptocurrencies remained in a tight range this week as Bitcoin continued to ping pong around the $30,000 support level. The crypto fear and greed index consolidated at the neutral point at 52 while volumes remained low. This article will provide predictions of some of the top performers during the week, including XDC Network, Polkadot, and dYdX.

XDC Network price prediction

XDC Network is a small layer-1 and EVM-compatible network with enterprise grade features. It has higher transaction speeds and lower costs. Some of the players in its ecosystem are Copper, Vinter, Fireblocks, and Fluent, among others.

XDC Network price has been in the green in the past five straight days and is now hovering at the highest level since April 2022. At its peak, the token was up by more than 41% from the lowest level this month.

On the daily chart, the coin has moved above the 50-day and 25-day moving averages, which is a bullish sign. Most importantly, XDC is hovering at an important resistance point since this price was the highest level on June 1st. The Relative Strength Index (RSI) has moved to the overbought level. 

Therefore, XDC network’s rally will likely take a breather in the coming days. If this happens, the next level to watch will be at $0.035.

DYDX price prediction

The DYDX token price has done well in the past few days even as exchange volume has eased. This performance happened even as volume in the ecosystem dropped slightly. It also coincided with the strong performance of other DeFi tokens like Maker and Compound.

The daily chart shows that the DYDX token rose from June’s low of $1.3653 in June to $2.14. It has moved above the 50-day moving average while the Relative Strength Index (RSI) rose above the neutral point. Volume has been a bit low. Therefore, the token will likely remain in this range during the weekend.

Polkadot price forecast

Polkadot has been in a tight range this week since there was no ecosystem news. It has remained above the support at $5.15, the important support point at $5.15, the lowest level on March 10th. 

Polkadot price has also remained slightly above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral at 50. It is a few points below the support at $5.72, the highest point last week. 

Therefore, the outlook for the coin is neutral, with the next level to watch being at $5.72. A move above that level in a high-volume environment will confirm a bullish breakout.

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The post Crypto price prediction: XDC Network, Polkadot, dYdX appeared first on CoinJournal.

• Chancer presale has seen strong demand as investors bet on blockchain-based betting.

• Less than 10% of Chancer tokens remain before the first stage presale concludes.

• The value of Chancer could rise strongly after listing on Uniswap in Q3 2023 and after the mainnet launch in early 2024.

Chancer, a blockchain-based predictive markets application, opened the presale on June 13th, 2023. Five weeks later, investors bought almost $905,000 in tokens in the first phase. The amount suggests that Chancer is imminently sold out at the current price of $0.01 since the first stage targets $1 million. Investors seeking to buy the token can do so via the company’s website before the price rises in the second stage.

Why is Chancer in high demand?

Raising funds quickly through a presale suggests investors see value in Chancer. So, what does the token offer?

$CHANCER is the native token that will power a blockchain-enabled platform Chancer. It is the world’s first blockchain betting platform that allows users to bet against each other through a peer-to-peer (P2P) model. 

The opportunity lies in tapping into the fast-growing online gambling and bringing it to blockchain. According to market reports, online gambling will grow by 11.6% CAGR in this decade to hit $172 billion by 2030. Investors are betting on Chancer to revolutionise betting, given the growing application of blockchain in several other sectors. 

What is the value proposition of Chancer and its P2P model?

Chancer carries a value proposition in that it lets users bet on numerous events, outcomes, and situations. This happens as users create their own Chancer P2P markets and determine what to predict in those markets. They can then invite friends or join Chancer markets created by others. 

The exciting bit of P2P betting is that it allows flexibility. Users can bet on their preferred events, replacing the existing model where the bookmaker creates betting markets. Users can also determine the rules and odds for each bet via Chancer. 

Besides rewards on successful bets, Chancer lets users earn from market-making activities or creating P2P markets. That makes Chancer more than just a betting platform. The Chancer token can also be staked, allowing investors to earn passive incomes and improve their bottom lines. 

Chancer roadmap and predictions in 2023, 2024

Chancer is in the presale phase, but the demand for the project is already high. While the value of Chancer is increasing at each presale phase, the potential value of the token will be unlocked in the third and fourth quarters of 2023. This is when the token will be listed on exchanges. The token’s roadmap points to the first listing on Uniswap in the third quarter. The team eyes at least two CEX listings in Q3. 

In the fourth quarter, product development will begin. It will start with the testnet, aiming to pave the way for the full mainnet launch in the first quarter of 2024. 

The launch of the mainnet will be influential for Chancer as it actualizes the dream of bringing forth P2P betting. While our prediction is that the value of the Chancer token could start to rise in the third quarter of 2023, 2024 will be the most influential. This is when sustainable gains could be realised, allowing Chancer to go mainstream and become more acceptable. 

With the above roadmap, the value of Chancer could rise initially by double or triple-digit percentages in 2023. In 2024, the value could skyrocket by more than 10x heading into the future, where Chancer’s future acceptance will allow more gains. 

Should you buy Chancer this week?

Only 10% of Chancer tokens remain before the first stage of the presale concludes. After that, the price will increase by 10% in the second phase. 

With the demand for the token showing little signs of slowing down, chances are that the first phase will conclude in a few days. Thus, it could be the right time to grab the remaining tokens before the price increases to $0.011.

The post Countdown to the 2nd phase of the Chancer presale amid strong demand for token appeared first on CoinJournal.

• The AI industry is expected to grow to almost $2 trillion by 2030.

• AltSignals has raised more than $1.1 million in its second phase of the token sale

The Artificial Intelligence (AI) market is expected to continue growing in the coming years as demand from individuals and corporations rises. The most recent intelligence report on the industry showed that the market size stood at $207 billion in 2023 and that it will soar to almost $2 trillion by 2030. 

AI market to grow

The AI industry will continue growing as demand rises internationally. Analysts believe that AI models will disrupt all industries. For example, Hollywood actors and writers have gone on strike to protest the use of AI models in their work.

Many news organizations are now implementing AI in their operations. Besides, a well-trained AI model can now do a better job than most individuals. Most importantly, AI models will likely replace many financial analysts. Some quant hedge funds have found a lot of success using these models.

As a result, many companies are now investing heavily in AI. Microsoft spent over $10 billion investing in ChatGPT while Google has launched a similar platform. Apple has also built its own ChatGPT rival and is testing it internally. 

Further, Elon Musk has launched xAI, a company that will build AI tools. And Nvidia, the biggest semiconductor company in the world, is building technologies that will power the AI industry.

It is unclear how the AI industry will affect the world in the future. While some analysts see it leading to job losses, others believe that it will create jobs in the long run.

AltSignals token sale continues

Meanwhile, investors from around the world are still investing in AltSignals. The token sale has now raised over $1.19 million in its second stage. This means that the developers have sold over 53% of their $2.25 million target. Each ASI token is going for 0.01875 USDT and the price will rise by 12.05% in the next stage.

AltSignals is a financial services company that is seeking to incorporate artificial intelligence in its processes. The existing product, which is highly accurate and has thousands of customers, will be upgraded with a more advanced AI one.

According to AltSignals white paper, the developers will use several advanced technologies like natural language processing (NLP) and machine learning to come up with predictions. The ecosystem will be powered by the ASI token. 

For example, customers with more ASI tokens will receive more features like ActualizeAI, AltScalpPro, and discounts on all AI products. In the future, they will also be able to vote on key details in the ecosystem. You can buy the AltSignals token here.

Is it safe to buy ASI?

There are three main reasons why AltSignals will be the next big thing in the crypto industry. First, unlike meme coins that don’t have a utility, ASI has a real use in that it powers the AltSignals ecosystem. 

Second, AltSignals is in industries that are growing fast: finance and AI. This year, we have seen many AI coins like SingularityNET and Fetch AI jump by more than 500%. Finally, AltSignals is a genuine company with thousands of customers and positive Trustpilot reviews.

Still, you should be cautious when investing in AltSignals and other token presales. One way to mitigate risks is to ensure that you are investing a small portion of your funds in it.

The post AI market size prediction bodes well for AltSignals (ASI) appeared first on CoinJournal.