Kategorie: Crypto Analysis

• Despite dropping $4000 from highs, ETH/USD price action remains bearish 
• Head and shoulders pattern indicates more downside
• A bearish flag pattern supports short-sellers

Traders are often impatient for a market to move. Long periods of price consolidation lead to overtrading or giving up on an idea simply because the market did not move. 

This is particularly true in the crypto market. Known for its high volatility, it brought fortunes to many traders as quick moves resulted in quick profits. 

For instance, ETH/USD rose from $1000 in 2021 to $5000 in 2022. The ones that bought and held onto their traders for a year saw their accounts increasing exponentially. 

But trading is a story of both winning and losing. Not everyone wins. In fact, most retail traders lose money trading. It is easy to say that you might have bought ETH/USD at $1000 and close it at $5000. How about buying at $5000 on fears of missing out on an even bigger move, only to see the market crashing back to $1000. 

Sure enough, plenty of traders have bought into the dip. And, even though ETH/USD dropped $4000 from its highs, the bias remains bearish. 

Ethereum chart by TradingView

ETH/USD bigger picture is a reason for bulls to worry

On its trip to $5000, ETH/USD formed a head and shoulders pattern. Once the price broke below the neckline, it found no support until it reached $1000. 

The level marked the bottom of the year for the stock market and the highest point for the US dollar. Since then, stocks bounced sharply, and the cryptocurrency market followed. 

But despite the rally at the start of 2023, the bigger picture remains bearish for ETH/USD. A bearish flag pattern should be a good enough reason for bulls to worry, as it is usually followed by more downside. 

Bears would want to see the price dropping to $1000 once more. It would mean that the bearish flag pattern ended and that the next target is the head and shoulders’ measured move. 

On the other hand, bulls may want the price to simply stay in the flag and test the upper edge of it. This is the only way to invalidate a bearish flag pattern. 

The post ETH/USD analysis: Bears appear in control appeared first on CoinJournal.

• Memeinator aims to destroy weak meme cryptocurrencies using AI-enabled marketing.

• The presale has unlocked demand, with $528,000 raised to stage 3.

• The token’s price can rise by strong margins due to unique project features and AI use.

Memeinator (MMTR) may be just five days old in presale, but the frenzy around it is huge. The crypto has become an overnight sensation, generating over $528,000 in presale. But is the fast-occurring presale an indication of the potential for MMTR in 2023?

What is the Memeinator?

Memeinator is a new cryptocurrency that leverages viral marketing and branding to become powerful. The project is built on a core mission to destroy weak meme cryptocurrencies and gain domination.

Think of it this way. Over the past few years, the crypto world has witnessed a proliferation of countless meme projects. Most of these projects have little or no utility, failing to deliver sustainable returns to investors.

Memeinator says it has returned from 2077 and already knows which memes won’t survive in the future. As such, it has come back to destroy them, ensuring only the futuristic names make it to the finish line. The project achieves the mission using its cold and ruthless meme-targeting system that relies on AI. 

In the end, Memeinator wants to become a recognisable meme project, and its token is the most traded. The project team believes the capabilities will enable Memeinator to hit a $1 billion market cap.

Memeinator: Is it a good investment?

Memeinator is not your usual meme cryptocurrency. Its value is derived from clear real-use cases and utility. One of the utility values is gaming. The project team will launch a game where users can take on pathetic memes in combative missions.

When Memeinator is unleashed to its community, users will explore the creative works behind the project. There will be exclusive NFTs for all Memeinator development work. NFTs will entitle holders to gains and future perks, unlocking more value for Memeinator.

What’s more? Memeinator investors can explore a staking feature to be launched. The team says full details for the staking pool and benefits will be given at the end of the presale.

Memeinator token and prediction

Memeinator token, MMTR, will be the medium of exchanging value on the AI meme project. The value of MMTR would depend on the continued use and demand for the Memeinator project.

To unlock value, the Memeinator project team aims to list MMTR on the biggest crypto exchanges. The project will also partner with top influencers and platforms to increase the popularity of the token.

Of importance is also the target of a powerful community expected to boost the value of MMTR. The team is keen on having a powerful following on Twitter, Telegram, Discord and other social networks. When the token is listed, Memeinator will already have a backing to unlock its value.

Owing to the project’s plan, the value of MMTR could skyrocket on hype and usage. Based on prior movements of meme tokens with a wide community, a 10x and up to 50x increase is possible. 

Memeinator tokenomics and presale opportunity

Memeinator will offer 62.5% of its 1,000,000,000 tokens in presale. The presale will be conducted in 29 phases. 15% of the tokens are allocated for marketing and centralised exchange listings.

10% of tokens are set for the development of ongoing product development. 5% is set to liquidity provision on exchanges and 7.5% to the competition pool. The tokens have a quarterly burn to ensure they retain their value.

The token allocation sets Memeinator as an ambitious project for long-term investment. The achievement of key targets could play a significant role in the project’s success.

At its presale, Memeinator token is offered at an attractive price of $0.0112 in stage 3. The price increases at every stage, making it attractive for early birds.

The post Is presale sensation Memeinator the meme cryptocurrency to never miss in 2023? appeared first on CoinJournal.

• Shiba Memu aims to be a sustainable meme crypto alternative to its predecessors.

• The cryptocurrency’s value has been rising during the presale every day.

• The potential for Shiba Memu is huge, with up to 50x predictions.

Shiba Memu (SHMU) is undeniably one of the best-selling meme cryptocurrencies of 2023. Since launching a presale, the new meme crypto sensation has raised over $3.48 million. The solid presale underlines the interest in the meme cryptocurrency and its unique value proposition. But why has Shiba Memu grown so popular? Let’s discover more about this token that has raised so much interest while still on presale.

Shiba Memu: The self-marketing powerhouse led by AI

When meme cryptocurrencies are mentioned, Dogecoin, Shiba Memu, and PEPE are some top names. Hype, social media mentions, and retail frenzy drive the value of these cryptocurrencies. When the social activity wanes, the tokens fail to sustain gains, crashing after that.

But think of a meme cryptocurrency that can sustain its social media frenzy. Its market value can remain high and rising. This promise has attracted a lot of frenzy to Shiba Memu. The meme crypto project will use AI to analyse social media and deliver targeted marketing interventions. The capability sets Shiba Memu apart, allowing it to retain fame and maintain price surges. 

Shiba Memu learns every time. It searches the web for the latest creative advertising and crafts tailored PR strategies. The AI also constantly reviews and improves on its marketing strategies. Due to its self-improvement features, Shiba Memu can become more intelligent and powerful with time.

Shiba Memu also resonates well with its community. The project features an AI dashboard whose purpose is to connect with the users. You can interact with the AI through the dashboard, ask questions, and get feedback. At a time when AI is gaining prominence, Shiba Memu could prove to be the meme of the future. 

Is Shiba Memu the best meme cryptocurrency in 2023?

A few names have popped up in the meme crypto space in 2023. However, most are based on conventional blockchain technology and do not offer much to what is already there.

Shiba Memu could be the best meme cryptocurrency based on its innovativeness. The quick presale underlines investors’ belief that Shiba Memu could be the best meme opportunity in 2023.

Early investors may also have sniffed an opportunity for SHMU due to its tokenomics. From a starting price of just $0.011125, Shiba Memu is now valued at $0.031150. The gains are not accidental, as SHMU tokenomics allows it to increase daily at 6 PM GMT. This means each token bought on presale increases daily, boosting the investment value.

But as it is common, meme cryptocurrencies unlock value upon listing. Once the presale ends, Shiba Memu will be listed on centralised exchanges. The listing could see the value of Shiba Memu skyrocket, benefiting early birds and speculators. 

Shiba Memu prediction

With the Shiba Memu presale near its finish line, predictions are rife and huge for the token. Analysts hold a bullish view of the token, expecting it to eclipse its predecessors. As such, projections are that Shiba Memu could rise more than 10x and up to 50x.

Based on previous meme crypto movements, a 10x increase could be on the cards. The prediction reflects the current demand and the hype expected when Shiba Memu is listed. 

In the long term, the token has a 50x potential or more. The value will be unlocked from continued use as more investors discover and buy the cryptocurrency.

But don’t get it twisted. Meme cryptocurrencies have risen by supernormal margins within days of launch. PEPE is a great example that saw over 10,000% returns in a few days. It shouldn’t come as a surprise that Shiba Memu can claim similar gains once it lists on exchanges. So, investing now could be advantageous for investors seeking to capitalise on the initial market moves.

The post Shiba Memu rises to fame, but how attractive is the meme crypto in 2023? appeared first on CoinJournal.

• Litecoin’s price halved in less than three months
• Buying the dip is risky despite a small head and shoulders pattern forming
• The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes

The US dollar registered one of the biggest rallies ever during summer. For example, it gained against the EUR for eleven consecutive weeks – the first time ever! 

It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher. 

That means cryptocurrencies, too. 

Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months. 

However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two months. 

Such volatility is not unusual in the cryptocurrency space. But the speed of the decline (or the speed of the dollar’s strength) is so fast that it takes a lot of nerves and courage to buy such a dip. 

Litecoin chart by TradingView

LTC/USD forms a small inverse head and shoulders pattern

A head and shoulders pattern signals a reversal. When it forms during a bearish trend, it signals a potential bullish reversal. 

The head of the pattern pierced through the $60 level before bouncing. It is enough for the pattern to respect the rules, but is it enough to reverse such a powerful bearish trend seen during the summer months? 

All in all, the main conclusion after nine months into the trading year is that Litecoin couldn’t hold above $100. If it doesn’t build energy to try again, the path of least resistance remains the downside. 

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