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XRP, DOGE price prediction amid Memeinator’s epic presale

  • XRP price hovers above $0.50 amid latest Ripple vs.SEC case.
  • Dogecoin price is ranged and could dip further, but is seeing renewed interest.
  • Memeinator (MMTR) presale has surpassed $4.2 million amid massive investors confidence.

XRP price defied latest Ripple news as it held above $0.50, while Dogecoin (DOGE) remains near the $0.08 level that could prove crucial for bulls.

As the Ripple token looks to establish the current level as primary support level and DOGE eyes upcoming crypto bull run, could the Memeinator (MMTR) be one of the best new tokens to invest in 2024?

Here is a price prediction for XRP, DOGE and MMTR.

XRP price prediction: $0.50 is critical for bulls

A recent hack incident involving Ripple saw the price of XRP fall 5% to around $0.48. The altcoin rebounded above $0.50 and has retested the level on multiple occasions in the past few days.

On Monday, US Judge Sarah Netburn ordered that Ripple provide financial statements for 2022-2023 as well as records of post-complaint institutional sales of XRP. The judge agreed with SEC’s motion on these requests, thereby handing the regulator a key win.

While the XRP price has not reacted sharply to this development in the Ripple vs. SEC case, this legal hurdle has weighed on XRP since its filing in December 2020. In July last year, XRP rose to above $0.82 after Judge Analisa Torres’ ruling that XRP was not a security.

As an important technical level over the past year, $0.50 is what bulls need to hold to avoid giving the initiative to bears. If the negative scenario unfolds, the short term bearish outlook could highlight a breakdown towards the $0.40 support level.

Dogecoin price prediction: DOGE eyes positive catalysts

Dogecoin price has traded below $0.08 for the past week, with its price about 4% down in the time frame. A look at the charts shows that the top meme coin failed to hold above $0.1 since the breakdown in November 2022.

The rally in several Solana-based meme coins, including Bonk, contributed to the struggle DOGE experienced in 2023. However, with a number of recent developments, it appears the coming months could be positive for the dog-themed meme coin.

Dogecoin blockchain’s recent welcoming of the Doom video game and this week’s reports claiming SpaceX accepted DOGE payments for the anticipated DOGE-1 launch could be key upside catalysts.

However, a bearish outlook is hinted to by the descending triangle formation on Dogecoin’s daily chart. This and potential broader market weakness means DOGE might dip to support at $0.06. However, the resurgence in meme coin interest suggests a retest of $0.1 in the short term could allow bulls to target the $1.

Memeinator: The meme token to challenge Dogecoin, Shiba Inu?

The meme coin market currently stands around $20.3 billion, with CoinGecko data showing roughly 340 meme tokens. While the meme market cap is projected to grow significantly in coming years, the majority of current tokens are worthless, no utility projects that rely on hype for short-term price gains.

Memeinator (MMTR) is a new meme token that looks to restore meme culture by eliminating the useless copycat tokens. To get to this, Memeinator is building a resistance movement that will leverage an AI-enabled game to target and destroy all subpar meme tokens.

When it launches, the project has its eyes set on hitting the $1 billion market cap, which could see it overtake the likes of Floki, Pepe, and Bonk. Ultimately, the mission is to rule over meme coins and that means challenging Dogecoin and Shiba Inu.

Memeinator price prediction: Can MMTR hit $1 in 2025?

The Memeinator is currently in presale, which has seen more than $4.2 million so far. With partnerships, a token burn and staking already live, this project’s revolution seems to be truly underway. What remains before going full scale is the six presale stages that will see MMTR rise to $0.0292.

Currently, investors can lock in 40% in presale returns by joining the ongoing sale at $0.0208. AI, GameFi and meme coins are all big trends in 2024 and Memeinator has all these at its core. If for instance, Bitcoin’s upcoming halving catalyses a run to a new all-time high, altcoins will definitely mirror it.

In the meme coin market, Memeinator’s hostile takeover of the sector means the $1 billion market cap target is achievable. If it happens, the MMTR price could swell to between $0.5 and $1 amid broader bull market conditions. 

Are eyeing a new meme coin? Find more about Memeinator on their presale page.

The post XRP, DOGE price prediction amid Memeinator’s epic presale appeared first on CoinJournal.

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LINK rallies by 26% in a week as Uniswap lists AltSignal’s ASI

Key takeaways

  • Chainlink’s LINK is up by 26% in the last seven days, outperforming the broader cryptocurrency market.

  • ASI token launched on the Uniswap exchange after AltSignals concluded its token sale. 

The cryptocurrency market has been consolidating over the past few days, with Bitcoin still trading below the $43k level. However, Chainlink’s LINK is currently outperforming the market and could rally higher soon.

LINK rallies by 26% to outperform the market

LINK, the native coin of the Chainlink ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap over the last seven days. It is up by more than 26% over the last seven days.

At press time, the price of Chainlink stands at $18.92. LINK’s rally comes as the other major cryptocurrencies continue to underperform. Bitcoin continues to trade below the $43k level while Ether is consolidating above $2,300. 

AltSignals’ presale comes to an end

Despite the current market conditions, AltSignals has achieved an important milestone. The project’s presale has now closed and the team raised $1.8 million. In the first presale round, ASI, the native token of the AltSignals ecosystem, went for 0.015 USDT. however, by the end of the presale, the token was sold for 0.01875 USDT.

The funds raised from the presale rounds would aid in developing products for the users. AltSignals is a unique project that will use AI and blockchain technology to ease crypto trading and, in the process, help onboard more traders to the market. 

What is AltSignals?

AltSignals is a Web3 project that seeks to gain adoption beyond the crypto space. It project targets traders in the broader financial markets, including crypto, forex, stocks, commodities, and indices traders. 

Per their whitepaper, AltSignals intends to make it easier for traders to have access to trading signals and other resources that would help make them better traders. 

Most of the funds generated from the presale round would go towards developing ActualizeAI. ActualizeAI is an AI solution that will make it easier for people to trade cryptocurrencies and other financial assets. 

With ActualizeAI, traders have a solution that works 24/7, generating signals and helping them identify various patterns in the market. This solution helps eliminate some of the obstacles traders face in the market. 

Furthermore, AltSignals will use blockchain technology, AI, natural language processing, machine learning, regression, and predictive modelling, to enhance its services. 

ASI price prediction as Uniswap lists the token

ASI is the native token of the AltSignals ecosystem. Now that the presale has been concluded, the AltSignals team is already working to get the token listed on several cryptocurrency exchanges.

A few hours ago, the team announced that the ASI token had been listed on Uniswap, one of the leading decentralized cryptocurrency exchanges in the world. With ASI now available on Uniswap, the token would become available to millions of investors globally. 

At the moment, ASI is still trading at $0.01875 per token. However, with the listing on Uniswap and other exchanges to come, ASI’s value could skyrocket over the coming weeks and months. 

In addition to that, AltSignals’ adoption by traders could help push ASI’s price higher in the coming months and years. 

Should I buy AltSignals now?

AltSignals is no longer in presale, which means that it will become easier to purchase the token. ASI is already live on Uniswap and can be purchased from the decentralized exchange.

The team is also working to list ASI on other decentralized and centralized exchanges in the coming weeks and months. 

If AltSignals gets the right level of adoption, ASI’s price could soar higher in the coming months and years. AltSignals could gain massive adoption in the crypto space and beyond, and this could make it one of the leading Web3 projects in the world.

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Polygon (MATIC) hovers near key level ahead of Etrog upgrade

  • Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog upgrade.
  • MATIC could breakout to above $1 if bulls hold key level, or likely retest the important support zone at $0.5.

Polygon (MATIC) price was trading near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog mainnet upgrade.

The altcoin, which rose to above $0.79 amid a 20% spike in trading volume, was among the few cryptocurrencies in the top 20 by market cap to hover flat as Bitcoin retreated below $43k to mirror US stock declines.

MATIC outlook as Polygon eyes Etrog upgrade

Last month, Polygon Foundation announced a 10-day countdown to the activation of the Etrog upgrade on mainnet. 

As noted in a blog post, the upgrade is for Polygon zkEVM and is set to bring support for pre-compiled smart contracts. The release is expected to transform the zkEVM closer to a Type 2 ZK-EVM, – that is, an EVM-equivalent ZK rollup.

With the upgrade, developers can deploy their code on Polygon zkEVM just as they would on Ethereum. According to the Polygon Foundation, devs only need to “copy-paste and go, no modifications necessary.”

The 10-day countdown for the upgrade means the expected mainnet release is on Tuesday, February 6.

Ahead of this milestone, MATIC price rose from an intraday low of $0.76 to $0.79 before retesting the support area amid today’s broader crypto lull.

If a breakout materializes in coming days and weeks, the Polygon token could target an extended run above the psychological $1 level. A breakdown however could push MATIC/USD to the 2023 support base around $0.5.

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Crypto fear and greed index retreats as BitBot token sale thrives

  • The crypto fear and greed index has pulled back in the past few weeks.

  • This happened as Bitcoin and other altcoins moved sideways.

  • BitBot has continued to do well in the past few months.

The crypto fear and greed index continued to retreat this week after a major warning from Jerome Powell and Raphael Bostic. In separate statements, the two Fed officials warned that inflation remained stubbornly high and that they would not cut interest rates any time soon. 

These statements led to a sense of fear in the financial market. Bitcoin retreated to $42,000 while the total valuation of all digital coins plunged to $1.7 trillion, according to data by CoinGecko. Other popular coins like EOS, IOTA, and Decentraland also continued falling. 

Meanwhile, the crypto fear and greed index moved from the extreme greed zone of 78 to the neutral point of 50. This is a sign that investors are no longer greedy. The same trend is happening in the stock market, where the Dow Jones and Nasdaq 100 indices dropped by more than 1%..

BitBot is thriving

Despite the rising fear in the crypto industry, BitBot is thriving as its token sale intensifies. Data in its website shows that the token has already raised over $426k in the past few weeks. It is matching towards its goal of raising $630k in the current stage, which you can participate here.

For starters, BitBot is a platform that aims to disrupt one of the biggest industries in the trading and investing world. It is aiming to streamline the Telegram bot market that generates millions of dollars every year.

Telegram bots are tools that millions of day traders subscribe to with the goal of receiving day trading signals. The challenge with most of these bots is that most of them are highly inaccurate and they tend to be opaque.

BitBot will change this by using blockchain technology since it will be powered by $BITBOT token. This token will give holders the ability to share revenue that the network generates. It will also give them exclusive access to pre-sales and other features in the ecosystem. 

Most importantly, the network will merge the features of non-custodial trading solutions and its superior security features. This means that traders will maintain their keys and their wallets, which is a good way to boost security.

Is BitBot a good investment?

BitBot’s token sale is doing well at a time when demand for cryptocurrencies has waned slightly in the past few weeks after the SEC accepted a spot Bitcoin ETF. The total volume of cryptocurrencies traded in exchanges has retreated modestly in this period.

Still, a case for investing in BitBot’s presale can be made. For one, most analysts believe that the outlook for cryptocurrencies is still bullish. Besides, the Fed will ultimately start cutting interest rates this year. 

Also, the closely-watched Bitcoin halving will take place later in April. Historically, cryptocurrencies tend to do well ahead and after the halving happens. If this happens, BitBot will likely do well in the coming months. 

However, there is a caveat about all this. Historically, cryptocurrencies tend to be high-risk and high-reward assets. As such, there is a likelihood that the token could surge or retreat after going public. This means that traders should only invest funds that they are comfortable losing.

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Tether leads $25M round for crypto payments firm Oobit

  • Tether led the $25 million Series A round for crypto payments firm Oobit.
  • Solana co-founder Anatoly Yakovenko also backed the platform’s investment round.

Oobit, a mobile payments firm that allows users to pay with crypto, has raised $25 million in its Series A funding round. 

Stablecoin issuer Tether led the crypto platform’s funding round, which also attracted the backing of CMCC Global, 468 Capital and Solana co-founder Anatoly Yakovenko.

The financing will help Oobit continue its development as it looks to achieve mainstream adoption, Tether noted in a press release.

“Tether’s strategic investment in Oobit underscores our unwavering dedication to welcoming new users into the cryptocurrency ecosystem,” said Paolo Ardoino, CEO of Tether. 

He added: “Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a catalyst, breaking down barriers and facilitating frictionless transactions for crypto holders worldwide.”

With Oobit, crypto holders can easily pay for goods and services at more than 100 million retail points globally. Oobit’s Tap & Pay feature, which accepts Visa and Mastercard, uses NFC (near-field communication) to enable contactless payments, with users accessing tokenized payments that allow for merchants to convert crypto to fiat in real time.

The platform also targets growth across the financial space with third-party wallet integrations.

Following today’s news, the price of native Oobit token OBT soared by more than 30% to reach highs of $0.105.

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