Kategorie: Crypto Analysis

Cryptocurrencies had a relatively strong performance this week as Bitcoin bounced back to almost $60,000. Toncoin was trading at $7.23, a few points below its highest point this year while Solana rose to $146, up from this month’s low of $121. 

These coins rose as investors bought the dip and as the impact of the ongoing liquidations by the German government and Mt. Gox wallets. They also recovered after the US published an encouraging inflation report that revealed that consumer prices were falling. 

Another positive event that happened was that Solciety, an upcoming Solana meme coin, raised over $863k from investors in less than two weeks. You can buy the SLCTY token here.

Solana price forecast

Solana price bottomed at $122.10, where it failed to move below since May this year. It then bounced back and was trading at $140 on Thursday evening. 

On the daily chart, the token has formed a double-bottom pattern whose neckline was at $188.73. In price action analysis, a double bottom is one of the most bullish chart patterns.

It has also formed a small double-bottom pattern whose neckline is at $154. At the same time, the token has found substantial support at the 200-day Exponential Moving Average (EMA), which is a popular bullish sign. 

The MACD and the Relative Strength Index (RSI) indicators have also formed bullish divergence patterns. Therefore, the likely scenario is that Solana will resume the bullish trend in the near term. 

If this happens, the next key level to watch will be the key resistance point at $155. A break above that level will see it rising to the next psychological point at $160.

Toncoin price forecast

Toncoin has been one of the top-performing cryptocurrencies this year as the TON ecosystem continues doing well. The $TON price dropped to a low of $6.36 last Friday as other cryptocurrencies fell. That was an important level since it coincided with the lower side of the ascending channel.

There are signs that TON price could soon make a bearish breakout. It has formed a rising wedge pattern, a popular bearish sign. Unlike Solana, the MACD and the Relative Strength Indicator (RSI) have formed a bearish divergence pattern.

Therefore, with the rising wedge nearing a confluence level, there is a likelihood that the $TON token will have a bearish breakout in the coming weeks. 

Solciety analysis

Unlike Toncoin and Solana, Solciety is not yet publicly traded. Instead, it is a political neutral cryptocurrency currently in its presale event. Launched earlier this month, the sale has raised over $870k and the trend is gaining momentum.

Solciety aims to be at the intersection of non-fungible tokens (NFT), meme culture, and Solana meme coins. Recently, Solana’s ecosystem has produced some of the top meme coins like Book of Meme (BOME) and Dogwifhat.

It also aims to become the best political meme coins in the industry. Unlike Donald Tremp and Jeo Boden, Solciety will not be affiliated in either of the political space. As the US election nears, people supporting either candidate will feel comfortable investing in the SLCTY token.

A key feature of Solciety is its meme generator feature where users will be able to create political memes with over 200 traits, backgrounds, and fonts.Users can make some money in SLCTY tokens by creating and sharing these meme coins. 

As the network grows, the developers will introduce augmented reality features that will help users view their meme coins well. You can read more about Solciety and its tokenomics here.

The post Crypto price predictions: Toncoin, Solana, Solciety (SLCTY) appeared first on CoinJournal.

Cryptocurrencies had a relatively strong performance this week as Bitcoin bounced back to almost $60,000. Toncoin was trading at $7.23, a few points below its highest point this year while Solana rose to $146, up from this month’s low of $121. 

These coins rose as investors bought the dip and as the impact of the ongoing liquidations by the German government and Mt. Gox wallets. They also recovered after the US published an encouraging inflation report that revealed that consumer prices were falling. 

Another positive event that happened was that Solciety, an upcoming Solana meme coin, raised over $863k from investors in less than two weeks. You can buy the SLCTY token here.

Solana price forecast

Solana price bottomed at $122.10, where it failed to move below since May this year. It then bounced back and was trading at $140 on Thursday evening. 

On the daily chart, the token has formed a double-bottom pattern whose neckline was at $188.73. In price action analysis, a double bottom is one of the most bullish chart patterns.

It has also formed a small double-bottom pattern whose neckline is at $154. At the same time, the token has found substantial support at the 200-day Exponential Moving Average (EMA), which is a popular bullish sign. 

The MACD and the Relative Strength Index (RSI) indicators have also formed bullish divergence patterns. Therefore, the likely scenario is that Solana will resume the bullish trend in the near term. 

If this happens, the next key level to watch will be the key resistance point at $155. A break above that level will see it rising to the next psychological point at $160.

Toncoin price forecast

Toncoin has been one of the top-performing cryptocurrencies this year as the TON ecosystem continues doing well. The $TON price dropped to a low of $6.36 last Friday as other cryptocurrencies fell. That was an important level since it coincided with the lower side of the ascending channel.

There are signs that TON price could soon make a bearish breakout. It has formed a rising wedge pattern, a popular bearish sign. Unlike Solana, the MACD and the Relative Strength Indicator (RSI) have formed a bearish divergence pattern.

Therefore, with the rising wedge nearing a confluence level, there is a likelihood that the $TON token will have a bearish breakout in the coming weeks. 

Solciety analysis

Unlike Toncoin and Solana, Solciety is not yet publicly traded. Instead, it is a political neutral cryptocurrency currently in its presale event. Launched earlier this month, the sale has raised over $870k and the trend is gaining momentum.

Solciety aims to be at the intersection of non-fungible tokens (NFT), meme culture, and Solana meme coins. Recently, Solana’s ecosystem has produced some of the top meme coins like Book of Meme (BOME) and Dogwifhat.

It also aims to become the best political meme coins in the industry. Unlike Donald Tremp and Jeo Boden, Solciety will not be affiliated in either of the political space. As the US election nears, people supporting either candidate will feel comfortable investing in the SLCTY token.

A key feature of Solciety is its meme generator feature where users will be able to create political memes with over 200 traits, backgrounds, and fonts.Users can make some money in SLCTY tokens by creating and sharing these meme coins. 

As the network grows, the developers will introduce augmented reality features that will help users view their meme coins well. You can read more about Solciety and its tokenomics here.

The post Crypto price prediction: Toncoin, Solana, Solciety (SLCTY) appeared first on CoinJournal.

Key takeaways

• Bitcoin traded above $59k earlier today and could reach the $60k psychological level soon.
• Tequila’s presale commences today as investors eye the next Solana meme coin.

Bitcoin targets $60k

The cryptocurrency market suffered huge losses last week but is slowly recovering. Bitcoin, the leading digital currency by market cap, briefly touched the $59,200 level earlier and now trades at $59,003 per coin. 

The major catalyst behind this positive performance is the increased inflow in spot Bitcoin exchange-traded funds (ETFs) in the United States. Furthermore, the US Federal Reserve chairman Jerome Powell also discussed the possibility of interest rate cuts this year while addressing the Congress on Tuesday. 

Tequila (JULIO)’s presale commences today

Tequila’s presale launch coincides with this week’s market recovery, with institutional investors pouring funds into spot Bitcoin ETFs and other asset classes. The $JULIO token will launch on the Solana blockchain thanks to the network’s speed, transparency, and other unique qualities.

According to the development team, Tequila is Mexico’s gift to the world from the agave fields of Jalisco. Its $JULIO harmonises the unending fun of tequila-fueled nights with the upside of a memecoin. With $JULION, investors will own a token combining tequila’s allure, one of the world’s most popular distilled liquors, with the excitement of meme coins.

The project has several stages, with the first phase launching today. The phases are Agave Plating, Distillation, Aging, and Bottling. Each phase contains milestones that the team intends to achieve. 

The various Tequila phases

As stated above, Tequila (JULIO) has several phases, with the first phase launching today. Tequila seeks to establish a strong foundation within the crypto community and get listed on CoinMarketCap and CoinGecko. 

The Agave Plating includes the $JULIO fair launch (which commences today), marketing push, and listing on CoinMarketCap and CoinGecko. In the distillation stage, $JULIO will be listed on centralised cryptocurrency exchanges. However, the team is yet to reveal the crypto exchanges its token will initially launch. 

The Aging phase of Tequila’s roadmap includes listing on tier-1 centralised exchanges and its Tequila-themed parties. Bottling is the last phase and comprises Tequila’s Meme utility, the launch of $JULIO on Layer-3, and the creation of Tequila spirit with payments exclusively made in $JULIO. 

In terms of tokenomics, there would be a total of 100 million $JULIO tokens. 90% of the tokens would be available for public acquisition and the remaining 10% for marketing activities. The initial liquidity and starting price will be decided at a later date. 

Tequila’s launch comes at a time when there is high interest in meme coins, especially Solana-based meme coins. With its unique value proposition, Tequila could quickly become one of the leading meme coins on the Solana blockchain. 

Read more about the Tequila project here. 

Is $JULIO worth your investment?

The best time to buy tokens at a discount price is during their presale. With the explosion of meme coins, this could be the perfect opportunity to buy $JULIO tokens at a low price. 

Tequila wants to become a leading meme coin by introducing a fresh perspective with its thematic approach. With the right level of adoption in the market, $JULIO could be amongst the top winners in the current bull cycle.

The post Bitcoin eyes the $60k level as Tequila’s fair launch commences today appeared first on CoinJournal.

• Solana meme coins have done well and gained market share this year.

• Developers have turned to Solana because of its faster speeds and low costs.

• Tequila (JULIO) hopes to become the next big thing in the meme coin industry.

Solana meme coins have done well this year as they became the biggest competitors to Ethereum ones like Pepe and Shiba Inu. Dogwifhat (WIF) has become the fourth-biggest meme coin in the world while Bonk and Book of Meme have continued to gain market share. 

More Solana meme coins are being launched to take advantage of this trend. One of the most anticipated ones is known as Tequila (JULIO), whose fair launch will happen on July 10th. 

Why Solana meme coins have done well

Solana meme coins have become the best-performing assets in the crypto industry this year. That happened as Solana became the best alternative to Ethereum’s ecosystem. 

There are three main reasons for this. First, Solana is known for its quicker transaction speeds compared to Ethereum and BNB Chain. Solana can handle over 2,000 transactions per second (TPS) while Ethereum handles less than 50. 

Second, Solana is known for its scalability sincer it is designed to scale with Moore’s Law, which implies that it does well as the computing industry improves. 

Third, Solana has substantially lower costs than Ethereum and other popular layer-1 networks. It handles many transactions for just cents. A good example of this is in its total fees this year. While Ethereum has collected over $1.4 billion in fees this year, Solana has made less than $300 million.

Further, there is a lot of hype surrounding the success of Solana dApps this year. For example, decentralized exchanges (DEX) like Raydium, Jupiter, and Orca have constantly moved into the top ten of the biggest DEX networks in the industry. Also, Solana meme coins have made more headlines this year.

Tequila hopes to be a key Solana meme coin

The past few weeks have seen several drink-related tokens on Solana’s ecosystem. Beercoin and Water did not do well as insiders dumped the tokens shortly after launch, leading to substantially losses. 

Tequila, which is a popular drink that originated from Mexico, hopes that it will become the biggest drink-themed token on Solana’s ecosystem. This is notable because of the role that tequila plays in the drinks industry. In 2023, Mexico shipped over 400 million liters and made over $32 billion in revenue.

Tequila will not have a typical token sale. Instead, it will have a fair launch on July 10th. A fair launch is where all tokens are issued instantly. After that, the developers hope to launch its marketing push and listings on key platforms like CoinMarketCap and CoinGecko.

This process will be followed by the listings on key centralized exchanges and the launch of tequila-themed parties. In the future, the developers will work to launch the utility features of the JULIO token, including its layer 3 networks. You can learn about Tequila (JULIO) here.

The post Traders eye the next Solana meme coin: Tequila (JULIO) appeared first on CoinJournal.

• Cryptocurrency prices have retreated sharply in the past few weeks. 

• Bitcoin has crashed below $60,000 and formed a double-top pattern.

• Poodlana aims to become the next big thing in the crypto industry.

The crypto industry has faced substantial headwinds in the past few weeks. Bitcoin has moved to a bear market while most tokens have dropped by double digits from their highest levels this year. Despite this price action, there are signs that Poodlana, an upcoming Solana meme coin will be the next big thing in the crypto industry.

Why cryptocurrencies have dropped

There are a few reasons why Bitcoin and other altcoins have dropped recently. First, we have had no major news in the industry since April when the Bitcoin halving happened. As a result, there have been fears that a new crypto winter is happening, which explains why the fear and greed index has moved to the fear zone. 

Second, the Securities and Exchange Commission (SEC) is yet to approve a spot Ethereum ETF, which is seen as an important catalyst for the industry. Still, there are signs that the agency will do this approval in the next few months. 

Third, these coins have jumped amid supply and demand dynamics. Bitcoin supply has reduced sharply in the past few months because of the halving event. However, there are signs that supply increased from other areas. For example, the German government has continued depositing coins in exchanges, which happens before liquidation. 

Further, Mt. Gox has continued to move coins to wallets. Altogether, the German government and Mt.Gox could bring Bitcoin worth billions of dollars to the market. In a statement last week, Justin Sun offered to buy Bitcoins from the German government though it is unclear whether it will accept the offer.

There are other reasons why this crash has happened. Technically, Bitcoin has formed a double-top pattern, which is a popular bearish sign.

The case for Poodlana

Despite these issues, there are signs that Poodlana, an upcoming Solana meme coin, will be the next big thing in the crypto industry. 

Poodlana, which is derived from the term poodle, a popular Japanese dog breed, aim to be the Solana alternative to other dog meme coins like Floki, Dogecoin, and Shiba Inu.

The developers will start its 30-day token sale on July 17th, which will be followed by a DEX listing. Unlike other token sales, Poodlana’s sale will move to Raydium and other Solana DEX platforms 60 minutes after the sale ends. 

There are a few reasons why Poodlana could be a big meme coin. First, there are signs that dog-themed tokens are doing well. Recently, a token known as Billy, has accumulated a market cap of over $117 million. 

Myro, another Solana meme coin, has had over $109 million in market cap while Brett and Dogwifhat are valued at  $1.17 billion and $4 billion, respectively.

Poodlana will likely join them because of poodles popularity in key Asian markets like South Korea, Japan, and China. 

Further, the developers are planning numerous activities to boost its value. Some of these growth strategies are a marketing blitz, a staking platform, and exclusive airdrops to holders. You can learn more about Poodlana here.

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