Kategorie: Altcoin News

• Metacade price has jumped 4% in the past 24 hour as bulls bounced off a key support level.
• With Metacade building the ultimate Web3 hub, interest in MCADE could see its price rally in coming months.
• The price prediction for Metacade however also takes into account potential headwinds around broader risk asset markets.

Metacade price has bounced off a key support level to give bulls some joy. The token is currently trading at $0.021, up 4% in the last 24 hours. MCADE/USD is up 20% in the past week, while the 24-hour trading volume is $226,368, up 57%.

Price has given up even more gains before, which means profit taking is likely to curtail bulls’ movement. But can buyers establish a footing and rebound even higher, especially with Metacade building the ultimate Web3 hub and MCADE available to the broader market after hitting major cryptocurrency exchanges?

Metacade price prediction

At current price levels, MCADE looks like a solid buy. The rally to the all-time high above $0.045 occurred just this month and a few days after the token’s successful presale. Since then, bulls have held impressively above $0.020.

Today’s bounce alongside the upside flip for Bitcoin price suggests a new bull run for the market could see MCADE surpass its peak. This Metacade price prediction means MCADE could see more than 50% in upside bounce to $0.045.

Aiding this short term view further is the daily RSI signaling a potential breakout from the neutral position. Also, the key support level that Metacade bounced off of is a horizontal line near $0.020 that has been a robust pillar for MCADE bulls.

If they can continue to push the price higher, the next target could be $0.026. However, the 20-day moving average line is currently slopping to suggest it might offer an area of crucial resistance at $0.022 and $0.025. Its possible MCADE could see a 50% surge to $0.045.

Overall, Metacade’s price is currently poised for a bullish flip. However, if the price rejects at the 20-day moving average, then it could fall to support levels beneath the psychological $0.020.

What is Metacade?

Metacade is a new community-driven gaming arcade powered by blockchain technology and Web3. The Ethereum-based game platform is being developed as the ultimate hub of play-to-earn (P2E) games. At its core is the objective of making Metacade the home of metaverse arcade games, bringing together game developers, players and crypto enthusiasts.

Designed to cater to all types of gamers, Metacade’s arcade platform will have everything from casual games to competitive tournaments.

The platform users will leverage the utility of the native MCADE token to tap into earning opportunities. Governance, staking and trading of MCADE all combine with an extensive array of games from different developers and studios to give token holders even more ways to benefit from their investment.

Will Metacade price reach $5 in 2024?

This is like asking: Is MCADE a buy still and what’s the long term outlook for Metacade’s price?

Like other altcoins and cyptocurrencies, Metacade price can be extremely volatile and thus difficult to predict with certainty where it trades next. However, as highlighted by the short term price prediction, price has the potential to rally to new highs in coming months.

For a long term outlook of Metacade price, it would be important to focus on the likely catalysts for further growth and demand of the token down the road. Having reached $0.045, the main targets in the short term are likely to be $0.1 and $0.5. These levels could be hit in 2023 or 2024 given the market cycles. 

The $5 price level is also achievable in 2024 or in the medium term given how tokens like Axie Infinity, The Sandbox and Decentraland raced to their all-time highs during the last bull market.

However, it might be unrealistic to expect MCADE to roar to $5 this year.

What could catalyse a new Metacade price rally?

MCADE is a relatively new token, but is showing a lot of potential given its growing community. What’s likely to catalyse fresh gains for the token include the overall bounce in crypto markets amid a new bull cycle, turbulence in traditional finance that sees risk appetite shift more to cryptocurrencies and a resurgence in investor interest in crypto gaming tokens.

Apart from a unique approach to the P2E gaming ecosystem, there are a few other strengths that could aid in MCADE demand.

Notably, Metacade is backed by a strong team that is focused on delivering the Web3 experience for users. It also has a clear roadmap – with key milestones such as the presale, exchange listings and platform development reached – as outlined in the project’s whitepaper.

The token is also designed to be used across a growing gaming ecosystem, which could see increased demand as its public launch approaches.

If you are considering buying MCADE, then do your own research. You can start by visiting the Metacade website for more information about the project, team and roadmap.

The post Metacade price: MCADE signals bullish flip with bounce above key technical level appeared first on CoinJournal.

• DigiToads (TOADS) presale is 83% sold out at current stage with a total of over $2.1 million raised.
• TOADS demand is at new levels as the crypto space witnesses new trajectory in the meme coin sector.
• DigiToads looks to be a promising investment opportunity, with a unique presale, gaming approach and deflationary mechanism. 

The unanticipated blows the crypto market experienced in the last few months are enough to make any investor lose interest in what is considered “one of the most promising industries.” However, recent activity in the crypto space indicates this sector’s possible revival. 

While the crypto market has seen a fair share of meme coins, DigiToads is a new utility token and platform that offers something unique within the altcoin market. 

A Look into DigiToads (TOADS)

Investors looking for a potentially high-yield cryptocurrency to buy might find a good opportunity in DigiToads (TOADS). 

The cryptocurrency project offers new and unique play-to-earn and stake-to-earn features, with TOADS as the native token. With the toad as its mascot, DigiToads aspires to revolutionize the crypto sphere. Apart from developing a new play-to-earn platform, the project is creating avenues for investors to explore investment opportunities. 

The TOADS token’s presale provides such an offering in a Metaverse space that continues to see tremendous growth. 

DigiToads (TOADS) presale gaining momentum

DigiToads adopts a unique presale system. The TOADS token can be purchased using cryptocurrencies like BTC, ETH, BNB, USDT, USDC, BUSD, and others. There is no vesting period, meaning investors can start trading when TOADS is deposited in their wallets. 

The ongoing Lilypad 5 stage of the presale offers the token for a mere $0.024, And so far DigiToads has raised a whopping $2.1 million and counting.

DigiToads has an inbuilt deflationary mechanism whereby 2% of the sell and buy tax is used to purchase and burn TOADS. The token scarcity attained through this burning mechanism, together with an increased number of people seeking the asset, will eventually increase the token’s price. 

>> Buy DigiToads Now <<

DigiToads (TOADS): What’s unique?

Play-to-earn gaming is becoming an increasingly popular concept on Web 3.0. So it is great to see the likes of DigiToads incorporating this fantastic feature in its structure by launching ‘TOAD-CADE,’ an enticing game on its platform. 

The game starts with each player receiving a basic DigiToads. These characters can be trained, fed, and bred. This will allow them to level up and battle within the swamp. Regular competitions will be hosted by the platform winners, who can expect alluring rewards. 

Besides gaming, another exciting way users can coin some money is through the compelling staking opportunities offered. Users who stake their TOADS NFTs will benefit from great rewards from the NFT staking pool. This pool, in turn, is maintained by the taxes collected on transactions. 

To ensure that it has a sound fiscal system, DigiToads will select 12 traders who will be responsible for executing trades on the company’s behalf. These community traders will have access to 1/12th of the treasury and receive 10% of the profit made on each transaction. Seats for these important positions will be held by winners of trading competitions that will be held each month. 

DigiToads has laid the foundation of its own Merch, which will shortly be in full swing. The firm will utilize 100% of its profit to revive the Amazon rainforests. Also, 2.5% of the overall gains made have been allocated by the firm for a similar cause.

Every other firm before DigiToads started with a pre-decided mascot for itself. On the other hand, the firm gives users the right to decide on the mascot. For this, a mascot meme contest will be held, and the best design will be used as the mascot, and the creator will be entitled to mega prizes. 

Is DigiToads a good investment?

TOADS is can be one of the best cryptocurrencies to invest in as the crypto sector sees a surge in new demand. The firm offers numerous use cases, while investors can buy the native token as part of their portfolio diversification.  

As a fact, no one can with certainty predict exactly how the market behaves in the future. However, looking at this token, the DigiToads presale tis currently attracting huge interest from crypto investors. The anticipation around the project’s launch also suggests demand could be even higher when TOADS goes live on major exchanges.

If you wish to know more about the DigiToads token, visit their website. Alternatively, you can join the presale, or the community for regular updates.

The post DigiToads (TOADS) presale demand increases as meme coin adoption skyrockets appeared first on CoinJournal.

• WOJAK price has jumped from around $0.00006 on 25 April to the all-time peak reached earlier today.
• While the total cryptocurrency market cap is down 1.5% in the past 24 hours amid Bitcoin’s struggles near $28k, the new meme crypto token is flying.
• Skyrocketing prices for WOJAK come after the massive gains for the frog internet meme coin Pepe (PEPE).

The price of Wojak (WOJAK), a token that trades on exchanges such as Gate.io and Bitget, has hit a new all-time high above $0.00065 today. On Tuesday morning, the WOJAK token was up more than 74%. Meanwhile, over $91 million worth of volume has been traded in the past 24 hours.

While the price at the time of writing was around $0.00058, the overall gains for WOJAK/USD was more than 570% in the past seven days. Wojak’s market cap was $41,121,268 at 6.50 am ET on 2 May, ranking the small cap altcoin 496th on CoinMarketCap.

What is Wojak?

Wojak is a new cryptocurreny project that looks to offer people a chance to explore the world of memes via a decentralised network.

The native token of the platform is WOJAK, whose inspiration is the iconic internet meme that bears the same name. WOJAK is designed to help holders engage in activities such buying, selling of memes. Apart from trading the tokens, holders can also use them to take part in community events.

Why is WOJAK price up today?

Today’s price gains for the WOJAK meme coin come after the team announced a second community NFT mint. Speculation on the token is also likely driven by the huge upside for another memecoin.

With the token launching a few weeks ago, traders have looked to it as they FOMO following the sensational gains for Pepe (PEPE). Pepe is an Ethereum-based memecoin inspired by the popular Frog internet meme, and which looks to follow in the footsteps of successful projects like Dogecoin and Shiba Inu.

While PEPE price is up over 2,000% since its all-time low on 18 April 2023, the price of WOJAK has jumped more than 1,171% since hitting the all-time low of $0.00004902 on 21 April 2023.

Some investors have looked to cash in on the huge profits collected over a period to see Wojak currently trade nearly 7% off the all-time high price. And although the memecoin still looks strong, its possible more profit taking could result in a significant price dump. 

As noted, the WOJAK tokens currently trade on a few notable CEX platforms, as well as the leading decentralised exchange Uniswap.

The post Wojak (WOJAK) price up 570%: Here’s why this new memecoin is flying appeared first on CoinJournal.

• Litecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60.
• While price has rejected twice above $100, the area remains a key target for bulls as Bitcoin retests the $30k level.
• If it breaks above the hurdle, fresh momentum heading into the Litecoin halving in August could catapult LTC price towards its all-time peak.

Litecoin (LTC) is trading around the $90 level after bulls battled to regain some control following the sharp sell-off to lows of $84 this past week. The weakness in the price of LTC came after another dip in March that saw the price rejected at year-to-date highs of $106 in February.

The decline occurred at a key horizontal resistance area at the $100 zone, which remains the main hurdle as Litecoin enters the last few months before its halving in August.

Litecoin price: are bulls taking control?

The LTC price rejection in the past weeks at $100 meant a double top pattern appeared, which signals bearish strength and highlights the potential for downward continuation. As it happened, LTC price broke below an ascending trendline support after hitting $103 on 18 April and a significant drop a few days later had LTC/USD hugging lows of $84.

But despite the previous gains being wiped out by the decline, LTC is currently trying to maintain the $90 area after a critical daily close above it.  Bulls will need to confirm they are getting in control by pushing higher even as a potential rising channel appears on the daily chart.

A look at the Relative Strength Index (RSI) shows the momentum indicator is just below the 50 line. However, the indicator is looking to cross above the signal line to suggest further possible accumulation of the altcoin.

With approximately 100 days left before halving, the Litecoin price prediction for 2023 is bullish. The network has continued to see greater miner confidence, with the total hashrate for the blockchain recently hitting 760 terahashes per second(TH/s).

760,745,039,240,513 beautiful hashes = today’s combined computational strength, and security, of the #Litecoin blockchain! ⚡ pic.twitter.com/lWoO4eUqTC

— Litecoin (@litecoin) April 21, 2023

If the expected halving rally kicks in amid a broader market uptick, the two main targets above $100 will lie around $180 and then $300. The all-time high for LTC is around $410 reached in May 2021.

On the flipside, a bearish reversal could see the long term resistance-turned support area of $65 come into play. Below that, the main buffer for Litecoin price remains the multi-year base around $40.

The post Litecoin price prediction: can bulls pick up new momentum for LTC? appeared first on CoinJournal.

• Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030.
• The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS.
• Uphold says the delay is due to a technical issue that will soon be sorted out.

Kaspa (KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin’s sharp decline overnight Wednesday.

In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023.

That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchange

Uphold delays listing of Kaspa (KAS)

On Thursday, Uphold, which was set to be the first centralised crypto exchange in the US to list KAS, announced it would be delaying the listing. The multi-asset digital asset platform said the “difficult decision” had been taken due to technical issues.

⚠️ KAS listing delayed

We’ve made the difficult decision to postpone this listing due to technical issues.

Our customers deserve a smooth and fair trading experience – and we’re excited to list KAS as soon as we can ensure this. pic.twitter.com/qJGuB2cY4H

— Uphold (@UpholdInc) April 27, 2023

But despite the delay, Dr. Martin Hiesboeck, the Head of Research at Uphold, has assured KAS holders that the issue was “minor” and will soon be solved. He tweeted:

“As we’re expecting *high demand*, we’ve taken the difficult decision to delay this listing due to some technical issues – to ensure you get a smooth and fair trading experience and best execution. Won’t be long, it’s a minor thing we’ll sort out soon.”

He offered to explain everything on the Twitter Space.

After seeing a double digit uptick in price, with weekly gains rising to over 30%, Kaspa price is just in the green in the past day (at the time of writing) and about 28% higher over the week.

Currently, KAS can be traded on multiple exchanges, including MEXC Global, Gate.io and BingX. The token’s recent momentum has come amid a flurry of listings, including on LBank and Bitget.

The post Kaspa price: upside cools as major exchange delays KAS listing appeared first on CoinJournal.