Kategorie: Crypto Analysis

Bitcoin SV and Bitcoin Cash prices were among the top-performing currencies on Monday as a sense of hope returned in the crypto market. BSV jumped by more than 13% to $38.27 while Bitcoin Cash jumped to $228.64. Other top-performing cryptocurrencies were Solana and Stacks.

The main catalyst for the rally was the ongoing hopes that the Securities and Exchange Commission (SEC) will approve a Bitcoin ETF. These hopes were amplified by the decision by the SEC to move on without appealing the Grayscale lawsuit.

BCH and BSV prices jumped after a false report by Cointelegraph suggested that the SEC had expected iShares Bitcoin Trust. That report pushed Bitcoin to almost $30,000 and then it retreated shortly afterwards.

Bitcoin Cash and Bitcoin SV also jumped as a sense of optimism continued in the market. Move was exemplified by the strong performance of American equities. The Nasdaq 100 index jumped by more than 1.10% while the S&P 500 and Dow Jones jumped by over 1%. Historically, cryptocurrencies tend to do well when stocks are rising.

Still, the risk for BSV and BCH is that it is still too early to determine whether the SEC will approve Bitcoin ETF. If it does, these coins will rise because it will raise the possibility of companies filing for their separate ETFs.

The other risk for these cryptocurrencies is that inflation expectations have been rising in the past few weeks. The implication is that the Fed will maintain a hawksh tone in the coming months. 

The post Bitcoin SV (BSV), Bitcoin Cash (BCH) Pops as BTC ETF Hopes Rise appeared first on CoinJournal.

• Memeinator presale has entered the fourth stage.

• The presale occurs in 29 stages, with the token returning by 132%.

• Memeinator carries a 1,000% potential due to strong speculation and utility.

The crypto landscape keeps changing, with new tokens and regulations shaping the future of the sector. In response to the uncontrolled growth of new meme tokens, Memeinator (MMTR) has come to create order. Within a few days of presale, the token raised $703,442, with more investors buying it. Conversely, Australia is endearing itself as a crypto-friendly jurisdiction with new licensing proposals. Are these developments positive?

Australia eyes a new crypto licensing regime for exchanges

Australia’s Treasury has proposed new licensing and custody regulations for crypto asset providers. The latest cryptocurrency news says regulators could issue the draft regulations by 2024. Exchanges will be given 12 months to comply with the new licensing regime. 

The Australian Treasury suggests licensing for exchanges that control more than AUD5 million or $3.15 million in assets. Officials say the move aims “to ensure a level-playing field between traditional and emerging financial intermediaries.”

 The proposals endear Australia as a crypto-friendly nation. The proposed regulations are expected to increase the country’s digital asset certainty and drive adoption. 

Memeinator’s promise of meme domination attracts investors

Many meme investors have a story to tell. Whether it’s catching a parabolic move on Dogecoin or falling foul for a parody coin. Essentially, meme cryptocurrencies have been a double-edged sword. For those that have invested right, gains have been supernormal. The opposite has been true for investors falling to parody memes. 

Memeiantor promises to weed out the bad guys and make the meme investment landscape worthwhile. Boasting to have returned from 2077, Memeinator says its mission is one. Destroy weak, pathetic, and non-original meme tokens from the face of the earth. 

The mission will be accomplished using artificial intelligence. The AI will scan the web and find targets, crushing them to the core. This way, Memeinator will achieve domination, with a clear target to hit a $1 billion market cap. 

Memeinator will also apply clever and intelligent marketing using cutting-edge AI technology. The aim is to ensure everyone is talking about the project, driving hype and FOMO. Memeinator won’t stop there as AI will continually reinvent itself to make the crypto dominate. 

As the presale enters the fourth stage, investors remain as hopeful as they were when the project started. Memeinator token has, too, maintained a positive trajectory, rising at each stage. The token is now valued at $0.0118, representing a gain of 18% for early backers. Evidently, there is much to be made during the 29-stage presale, as the token will rise at every phase. At the conclusion, the token will have returned 132%. 

Memeinator and overall crypto landscape

Memeinator fills a crucial role in the crypto world. It positions itself as a quality project with great potential. Utility has been the key concern for most meme investments.

Apart from harnessing the power of AI, the project will allow the staking of the token. There are also exclusive NFTs for the community and a game to be launched at the end of the presale. 

As regulations catch up with unworthwhile crypto projects, Memeiantor will play a significant role. Increased certainty through regulations will allow Memeinator to generate more trust, unlocking its value. 

Will Memeinator rise by 1,000%

Memeinator will have risen by more than 100% when the presale ends. The gains are controlled through the project’s tokenomics. From here, Memeinator could surprise the markets when the token is listed.

The Memeinator team has a goal to list the token on tier 1 exchanges. AI-enabled marketing and branding will also make the project known worldwide, increasing adoption.

With the prospects, Memeinator’s token value could rise by more than 1,000% after listing. Aside from the speculative value drive, Memeinator could increase due to improved crypto sentiment.

The post Memeinator price jumps in stage 4 while Australia proposes new crypto licensing appeared first on CoinJournal.

• Analysts have increased their expectations of a spot Bitcoin ETF.

• A spot ETF would boost crypto sentiment, benefiting Shiba Memu.

• Shiba Memu is a potential 10x investment in 2023.

Analysts are growing anxious over a potential approval of spot Bitcoin ETF. They believe the latest loss of SEC in the Grayscale case increases the odds for a spot ETF. Meanwhile, Shiba Memu’s presale has been in high gear as investors hold high hopes for the upcoming AI token. With over $3.8 million raised in presale, a potential spot Bitcoin ETF approval could be massive for the token. Investors can participate in the SHMU presale by visiting the project’s webpage.

A spot Bitcoin ETF beckoning?

Bloomberg ETF analyst James Seyffart says a spot Bitcoin ETF is a “done deal.” The analyst commented upon reports that the SEC wouldn’t appeal the court decision on Grayscale Bitcoin ETF. The move will pave the way for converting the Grayscale Bitcoin Trust to spot ETF. 

Analysts now believe the market is pricing for a potential greenlight of a spot Bitcoin ETF. Grayscale Bitcoin Trust (GBTC) has been trading at the lowest discount in almost two years. GBTC’s discount to Bitcoin’s net asset value (NAV) fell to 15.87% on October 13. The metric tracks how far an instrument trades from its real value. 

Analysts believe GBTC’s discount will narrow further as markets anticipate the first spot Bitcoin ETF. That comes even as Grayscale prepares to convert its trust product into a spot ETF. 

Crypto optimism to boost Shiba Memu

Shiba Memu has so far exceeded expectations after a fast-selling presale. However, a potential approval of the first spot Bitcoin ETF would add interest in the crypto token. 

A spot Bitcoin ETF would reignite interest in risk-on assets, fueling speculation, especially on Bitcoin. Consequently, meme cryptocurrencies have in the past benefited from improved crypto mood. The sentiment will pave the way for a potential uptake in Shiba Memu ahead and after listing. 

Apart from an improved crypto mood, Shiba Memu could become a challenger in the meme space. AI has been a hot development, with its prospects in Shiba Memu being an attraction so far. 

Unlike its meme peers, Shiba Memu aspires to be one of the most sustainable cryptocurrencies. It uses AI to self-market itself online and generate social frenzy. With meme predecessors suffering from market dips, investors may turn their attention to Shiba Memu. 

How does Shiba Memu work?

Shiba Memu fuses blockchain and AI, seamlessly building a marketing powerhouse. With AI, Shiba Memu taps into natural language processing to spot online mentions. It applies sentiment analysis and machine learning to assess investor perceptions and improve its marketing activities. 

Users will also play a crucial role in Shiba Memu’s growth. The project features an AI dashboard, which is an interaction platform. Users engage with the AI, ask questions, get feedback, and learn about Shiba Memu’s marketing interventions. 

The exciting bit about Shiba Memu is that the AI never gets tired. It learns and improves all the time, day and night. As such, the team believes the project can achieve as much work as 100 marketing agencies combined. 

Shiba Memu’s prediction in 2023, 2024

A major standout performance of Shiba Memu is its price increases during the presale. The value of the token increases every day at 6 PM GMT. The price dynamics give Shiba Memu momentum, with presale investors benefiting from the surge. 

Shiba Memu carries a huge potential based on the presale demand. Given the history of strong moves in meme tokens, analysts have earmarked SHMU a potential 10x investment. 

A prudential prediction is a 1,000% increase in value after SHMU lists in Q4 2023. In 2024, more project developments could allow Shiba Memu to sustainably increase in value. As a result, gains could be more than 10x, delivering substantial returns to investors.

The post Spot Bitcoin ETF a “done deal,” but how does this boost optimism for Shiba Memu? appeared first on CoinJournal.

The Sandbox is one of the most prominent players in the crypto industry. Together with Axie Infinity and Decentraland, the network were the leading players in the gaming and NFT industry at their peak. 

The Sandbox users slow

Recently, however, the ongoing crypto winter has affected the crypto gaming industry, with prominent platforms seeing slow user metrics. The most recent data by DappRadar shows that the network had just 2.85k Unique Active Wallets (UAW) interact with its platform in the past 30 days. 

The number of transactions in the ecosystem jumped by more than 28% to 3.6k while the overall volume crashed by 15.5% to $2.26 million. Another crucial data shows that the total fiat value of coins in its platform has dropped by 0.58% to over $23 million. These numbers pale in comparison to what it had during it peak.

The Sandbox is not alone. Decentraland, a pioneer in its industry has done even worse. It had just 2.28k in Unique Active Wallets and handled 40.24k transactions. The total volume in its platform was just $19 million.

There are several reasons why Sandbox and Decentraland have seen their users crash over time. First, unlike during the pandemic, many people have now gone back to work and have less time to play.

Second, many Decentraland and Sandbox players have been disappointed by the relatively weak returns in the sector. MANA and SAND prices have plunged by over 80% from their peak.

Most importantly, interest rates have jumped to a multi-decade high as the Fed battles with high inflation. Riskier assets like Sandbox and Decentraland underperform in a period of high-interest rates.

Memeinator continues to outperform

Meanwhile, Memeinator, an upcoming meme coin has continued to defy gravity. The platform has raised over $695k in the past few weeks as investors continues accumulatioon. Their goal is that the price will surge once it is listed in key exchanges like Binance and OKX.

Memeinator is a meme coin that will combhine the aspects of gaming and artificial intelligence. These technologies will help to create utility in the ecosystem, making it one of the top-performing platforms.

Memeinator aims to take advantage of the hype that has pushed meme coins like Shiba Inu and Dogecoin to become the biggest players in the industry. It also aims to use technologies like AI to boost its market share and defeat existing tokens.

Most importantly, there is a likelihood that the MMTR token will do well in the next crypto bulll run. This run willl be triggered by a Bitcoin ETF, Bitcoin halving, and a change of tune by the Federal Reserve. You can buy MMTR token here.

The post As the Sandbox usage slows, is Memeinator the next big thing? appeared first on CoinJournal.

Cryptocurrency prices have been in a deep slumber in the past few weeks as investors move back to stocks and other safe havens like short-term bonds and money market funds. Bitcoin has remained stagnant betweeen $25k and $30k while the total market cap has remained stuck above $1 trillion.

Loom Network, Liquity surge

Not all cryptocurrencies have remained in this consolidation phase in the past few weeks. As I wrote here, Loom Network price has surged by more than 500% in the past few days, making it the 92nd biggest cryptocurrency in the world. The rally happened after Gate.io, a leading exchange listed the cryptocurrency. 

And this week., Loom Network’s futures were added to leading exchanges like Binance and LBank. As all this happened, the coin entered the so-called markup stage of the Wyckoff model where demand is usually higher than supplies. 

The other top mover was Liquity, a platform that operates the Liquity US dollar stablecoin known as LUSD. Users can take loans using the stablecoin after staking ether as collateral. LQTY price has surged to $1.35, higher than last month’s low of $1.35. 

Liquity’s price action was mostly due to the increased activity in its ecosystem. The latest data shows that users who staked in the protocol received $625k in the last month even as the crypto winter continued. 

Shiba Memu token sale continues

The other big winners in the past few weeks has been Shiba Memu, which has continued raising additional capital in the past few months. The token has raised over $3.8 million, making it one of the most successful token sales in the world. 

For starters, Shiba Memu is a meme token that aims to disrupt the industry that is now dominated by the likes of Shiba Inu and Dogecoin. It aims to do that by combining two of the most popular technologies in the market.

The first technology is artificial intelligence (AI), which has grown rapidly because of the success of ChatGPT and other companies like Anthropic. Analysts believe that AI will be the most disruptive industry in the market.

Shiba Memu will use some of the top building blocks of AI like predictive modelling, data analysis, and image analysis. The end goal is to have a meme coin that evolves over time and markets itself.

The other technlogy is the meme coin, which is mostly hype driven. But in this case, Shiba Memu will have a clear utility as the network grows.

Therefore, analysts believe that investing in Shiba Memu in its presale gives you an opportunity to make a fortune when it gets listed on key exchanges. You can buy the Shiba Memu token here.

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