Kategorie: Crypto Analysis

• Bitcoin’s price has been in a tight range since summer
• A range can be traded successfully using the RSI
• Speculators should use small-size positions to avoid being caught on the wrong side of the market

Bitcoin investors, particularly hodlers, have had a hard time during the summer months. Literally, Bitcoin’s price did not go anywhere.

Sure enough, the rally in the early months of the year more than compensates investors holding the cryptocurrency in the long run. But similar (or more) gains may be achieved by speculating on short-term market movements.

This is true when and if the trader can identify periods when the market is in consolidation like it was during the summer months. In such times, the easiest way to trade a market is to use an oscillator and trade overbought and oversold levels.

The most popular oscillator is the RSI (Relative Strength Index), and its interpretation is straightforward. More precisely, every time the oscillator reaches values above 70, it is said that the market is overbought and should decline. On the contrary, when the RSI reaches values below 70, it is said that the market is oversold, and the price should increase.

Such a simple strategy works when the market is in a range. However, it can be devastating for the trading account when it trends.

Hence, the key is to identify a range. Once identified, it works as smoothly as possible – just have a look at how it performed on Bitcoin during the summer months.

Trading Bitcoin when the price is in a range

Since June, the RSI offered the perfect signal to trade Bitcoin. It worked flawlessly, as reflected on the chart below – and still works.

Bitcoin chart by TradingView

It will most likely still work if the range continues.

However, once the range ends, the market may stay in overbought and oversold territory more than a trader can stay solvent. Therefore, if anyone speculates on such ranges, they should do it with small-size positions and tight money management rules.

The post RSI perfectly predicted Bitcoin’s price since June – how long will it last? appeared first on CoinJournal.

• Memeinator aims to destroy and take weak meme tokens to oblivion.

• Memeinator will deliver a 132% return during the presale.

• A 10x to 50x increase in MMTR value is expected.

Memeinator (MMTR) went on presale on August 29th at an attractive price of $0.01. A week later, investors have bought over $650,000 worth of tokens. Investors particularly look at Memeinator’s immense potential and a 132% ROI during the presale. By the recent buying strengths, Memeinator could be the ultimate meme for 2023 and beyond. 

What is Memeinator and its value proposition? 

Memeinator is an upcoming cryptocurrency that rides the meme mania and frenzy to become viral. The team will invest heavily in branding and marketing to make Memeinator among the most popular projects. But Memeinator carries a huge value proposition.

The project is dubbed as a futuristic meme. Having travelled back from 2077, Memeinator focuses on destroying memes that won’t survive in future. It uses AI to scan the web for poorly designed and low-quality memes and destroys them. The aim is to let only the powerful, impactful, and valuable memes thrive. 

The Memeinator team believes the project’s crucial role in the meme space will enable it to dominate. As more people talk of it, it will increase online mania and cause the price to skyrocket. Combined with powerful AI-enabled marketing, the team believes the token could hit a $1 billion valuation.

Is Memeinator a good investment opportunity?

If history is to repeat itself, Memeinator could be the ideal investment for 2023. Think of big price moves that have happened elsewhere. Dogecoin, Shiba Memu, and PEPE are some tantalising projects that have returned big. Memeinator carries a similar potential, owing to its meme tag and an AI application. 

Investors also look at Memeinator as an ideal project for passive income. The project features a staking feature that lets MMTR buyers commit some tokens for regular rewards. There are also exclusive NFTs, initially available to presale buyers. 

A game feature to be launched once the presale ends also increases the utility of Memeinator. The game lets players engage in enemy pursuits, dismantling rival memes. As such, not only is Memeinator a utility token, but it also offers a fun way to invest.

Memeinator value increases in presale and prediction 

The Memeinator token will be valued at $0.0485 by the end of the presale. The value represents a 132% increase from the initial $0.01 at the beginning of the presale. 

The real value of Memeinator will be realised when the token lists on exchanges. According to the project’s roadmap, the listing will occur on tier 1 exchanges. Listing on leading exchanges makes the token available to many people, helping it increase in value.

A prudential prediction of a 1,000% increase will take the value of Memeinator to 0.485. The prediction is based on similar increases recorded on meme tokens. The value increase could be higher depending on the demand once the token is listed.

In the future, the increase of Memeinator could be as much as 50x. The token features a highly ambitious roadmap and quarterly burn that will help it retain value. Some project features include a fully audited smart contract platform and a resistant army backing it. Memeinator will also launch meme replicants to cement its dominating position. 

The project will also partner with top-tier platforms and influences to supplement its AI-enabled marketing. Once these are implemented, Memeinator price could become unstoppable. 

Memeinator ambitious tokenomics and presale

Memeinator’s presale occurs in 29 stages and is now in the third stage. 62.50% of 1,000,000,000 tokens will be offered during the presale. 15% will be allocated for the project’s marketing and CEX listings. 

The Memeinator team is allocated 10% of the tokens to fund ongoing development activities. 5% will go to liquidity provision and 7.5% to a competition pool. 

The tokenomics underline the strong ambition of the Memeinator team to see the project to fruition. That means the potential for the project to dominate is huge, increasing the viability of its token. 

The post Memeinator prediction as presale kicks off on a strong demand appeared first on CoinJournal.

• Shiba Memu taps into the meme vibe with cutting-edge AI technology.

• The project’s presale has surpassed $3.68 million in presale, with significant predictions.

• Shiba Memu could surpass $0.1 in 2023 on account of its early success in presale.

Shiba Memu (SHMU), an AI-powered meme token, might be just a few weeks into the presale. However, there are huge predictions for the token on account of its highly successful presale. Investors have bought over $3.68 million worth of SHMU, suggesting a high demand and potential. But could SHMU be a replica of meme predecessors that have hit over 50x in the past?

The big Shiba Memu promise

In an ever-changing world of digital assets, aligning with the future is crucial to successful projects. For the meme cryptocurrencies, a perceived lack of value diminishes their future viability and adoption. That has questioned the sustainability of meme tokens and investment value.

Shiba Memu carves a path of its own through an AI feature. AI is growing in use in many spheres, generating utility through its powerful and intelligent analytics. Blockchain is one of the sectors with AI crypto coins growing in importance. By blending AI and memes, Shiba Memu aims to become sustainable and deliver a high ROI.

A key feature to achieve its objective is utilising AI to self-market itself. The AI will crawl the web for the best sentiment and creative marketing ideas to generate hype. Shiba Memu will also write its own PR and take on rivals through its powerful marketing. 

Shiba Memu beats rivals who depend on one-off events and influencer mentions to gain traction. This way, Shiba Memu can dominate social media chatter, growing in recognition and boosting its value.

What’s more? Shiba Memu is an engaging project. It features an AI dashboard where users can connect with the robot. They can ask questions, give suggestions, or poke fun. One can also learn about the latest in creative advertising. The features increase Shiba Memu’s utility by making it a true meme, capable of dislodging its predecessors.

Will Shiba Memu reach $0.1 in 2023?

Shiba Memu has a highly engaging presale, giving hints of its price potential ahead of listing in Q3 2023. Some analysts have earmarked a $0.1 to $1 price at the end of the year. While the predictions are speculative, they are realistic based on some factors.

First, Shiba Memu is valued at $0.032725. To get to $0.1 by the end of 2023, the token must rise by over 200%. We already know that meme cryptocurrencies elicit a lot of frenzies that push the token’s value. An example was PEPE earlier in the year, which returned over 10,000%. With the trends, a $0.1 is an underestimated prediction for Shiba Memu. Even if we take a prudential 1,000% increase, Shiba Memu would be valued above $0.3 at the end of 2023.

Secondly, Shiba Memu could be a meme alternative in a prolonged crypto winter. Predecessors like Dogecoin and Shiba Inu are yet to overcome a slump that started in early 2022. The price of newly launched meme tokens such as Shiba Memu is yet to be unlocked. Investors could look at these unlocked opportunities as they tread carefully on the traditional memes. This could allow Shiba Memu to hit and surpass $0.1 in 2023.

Finally, a new dawn for an AI-powered meme is an opportunity many investors would want to take advantage of. The AI use could generate additional FOMO and facilitate the price discovery for Shiba Memu. A fast-selling presale shows the FOMO is already gathering steam. 

Should you buy Shiba Memu now?

Time is of the essence if you consider Shiba Memu’s investment. The value of the token increases each day at 6 PM GMT. 

Early investors get more value for their investments as they are rewarded with higher-priced tokens. For example, while the SHMU presale started at just $0.011125, the token’s value is now three times.

The post Will Shiba Memu reach $0.1 in 2023 after a highly subscribed presale? appeared first on CoinJournal.

• SocialFi is becoming a fast-growing industry in the crypto sector.

• Stars Arena announced a major hack in its ecosystem.

• Meminator has raised over $643k in the past few days.

Stars Arena, the fast-growing social app, announced a major attack on Saturday, a day after the developers stopped another one. In a tweet (or X), the developers said that the attack had stolen over $3 million, leaving it with just $1. 

Stars Arena is a new platform that was inspired by Friend.Tech, the social app that has attracted over 100k users in the past few months. While Friend.Tech is built in Base Blockchain, Stars Arena is based in Avalanche. According to DappRadar, Stars Arena has attracted over 20k users in the past few days.

Stars Arena’s performance has helped boost the performance of AVAX. AVAX price surged to a high of $11.88 on Saturday and then retreated to a low of $10.40 after the hack. In a separate tweet, the developers said they had secured the resources to close the gap and is conducting a major security audit.

Important news: we have secured the resources to close the gap caused by the exploit.

Additionally, a special white hat development team is coming in to rapidly review the security of the platform.

We will re-open the contract with all the funds in full after a full security…

— Stars Arena (@starsarenacom) October 7, 2023

Memeinator token sale continues

The other important crypto news of the week was the launch of Memeinator’s token sale. This sale has been highly successful, with the developers raising over $643k, making it one of the fastest-growing tokens in the industry. You can buy the token in either ETH, USDT, or BNB here.

For starters, Memeinator is a new cryptocurrency that seeks to become the biggest meme coin in the world. It aims to disrupt an industry that is now dominated by the likes of Shiba Inu, Dogelon Mars, Floki Inu, and Pepe.

While cryptocurrency prices have retreated in the past few months, most of them like Pepe, Shiba Inu, and DOGE are still worth billions of dollars. 

Memeinator aims to gain utility by incorporating the concept of artificial intelligence (AI). AI has become a major theme in the market after the success of ChatGPT, Google Bard, and Anthropic. 

OpenAI, the parent of ChatGPT, raised $10 billion from Microsoft earlier this year while Anthropic raised $4 billion from Amazon. In total, AI investments have jumped to more than $20 billion this year.

Memeinator will use AI in several ways. For one, the developers will use the technology to power games and other dApps in its ecosystem.

Memeinator will have a total supply of 1 billion tokens. 62.5% of these tokens will be sold in a presale in a 29-stage process, with its price going up in each of this stage. You can read the Memeinator white paper here.

The post Stars Arena hacked as Memeinator token sale gains strength appeared first on CoinJournal.