Kategorie: Crypto Analysis

• Huobi Token is the best performer amongst the top 100 cryptocurrencies by market cap so far today.

• The Huobi crypto exchange is set to lay off 20% of its workers amidst the crypto winter.

• The broader crypto market could end the week in the red zone as prices tumble.

Huobi to cut 20% of staff

Tron founder Justin Sun told Reuters earlier today that the Huobi crypto exchange is set to lay off about 20% of its staff. Sun is a member of Huobi’s global advisory board, and he revealed that the move is part of the company’s structural adjustment to the current market conditions.

This latest cryptocurrency news saw Huobi Token, the native token of the Huobi exchange, rally by more than 3% in the last 24 hours. HT is the best performer amongst the top 100 cryptocurrencies by market cap today. At press time, the price of Huobi Token stands at $4.85. 

The broader cryptocurrency market has been underperforming over the last few hours. The total crypto market cap currently stands at $814 billion, down by less than 1% in the last 24 hours.

Key levels to watch

The HT/USDT 4-hour chart is bearish despite its positive performance over the last few hours. However, the technical indicators show that HT is outperforming the broader market.

The MACD line is below the neutral zone, indicating that the bears are in control. However, with the line moving upward, the bulls are aiming to regain control of the HT market.

The 14-day relative strength index of 38 shows that HT is currently out of the oversold region. 

If the bullish trend continues, HT could surge past the $5.08 resistance level in the near term. However, it would need the support of the broader crypto market before it can breach the $5.4 resistance level over the next few days. 

Where to buy Huobi Token now

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy HT with Skilling today Disclaimer

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy HT with KuCoin today

The post Huobi Token soars by more than 3% today: Here is why appeared first on CoinJournal.

According to leading industry experts, GameFi and play-to-earn (P2E) are set to explode in 2023-2025. New market entrants in this sector are already gaining significant traction with investors, often at the expense of more established players in the wider market. The Monero price prediction 2025 illustrates this trend. It’s clear that many investors are now choosing crypto gaming stars such as Metacade over Monero. Read on to understand why.

Metacade is set to star

In just a short time, rising star Metacade has become one of the most talked about players in the GameFi sector. Metacade stands to lead well, at the convergence of 3 key areas: metaverse, arcade games, and cryptos. The platform’s goal is to become the #1 Web3 community hub for gamers, developers, investors and crypto fanatics. 

Metacade is proving hugely popular with investors, because it offers something of real value to crypto gaming. Blockchain gamers will enjoy an unrivalled choice of games with genuine P2E potential. Developers benefit from a platform where they can test and market their games, run competitions, and find new staff. And investors and crypto fans can generate income through profitable investment and staking opportunities. 

How Metacade Works

Mark Twain once famously said “Find a job you enjoy doing, and you will never have to work a day in your life.” That sentiment definitely applies to Metacade gamers, who can earn income through its Play2Earn games, Compete2Earn contests and tournaments, Create2Earn content creation, and Work2Earn testing and employment. Metacade directly connects players and developers, opening up opportunities for market research, new games and recruitment. 

Underlining its commitment to its members, Metacade is creating exciting potential with its Metagrants initiative. Metagrants provide funding for designers to develop exciting new games on the platform. Factor in Metacade’s community-based model – ultimately leading to the creation of a full DAO – and it’s clear that all parts of the Metacade hub will benefit from the synergies across the group.

Monero’s secret

The premise behind Monero (XMR) is simple: it offers peer-to-peer currency transactions that are secret, anonymous and untraceable. That smart functionality is Monero (XMR)’s greatest strength – and its greatest weakness. There are plenty of people who have legitimate reasons for wanting to keep their businesses private. But there are also others who want to make secret transactions in order to cover up illegal activities like drug dealing, corruption or fraud.

In the aftermath of the FTX crash, people who lost large sums of money are calling for the introduction of tighter and tougher regulations. It’s clear that if organizations like the SEC follow through on regulation, it could make Monero (XMR)’s position challenging at best, and untenable at worst.

Metacade (MCADE) tops Monero (XMR)

While Monero must worry about the impact of new regulations, Metacade has no such fears. It can look forward to being part of a market sector that is only going one way. Metacade’s powerful business model, connecting all sides of the crypto gaming community, has won favor with expert analysts, developers, gamers and investors alike. 

What’s more, some seasoned observers are predicting great things for the company’s share price when it launches – especially when taking advantage of their presale offer. All things considered, it’s easy to see why Metacade is clearly the best investment opportunity when compared to Monero.

Metacade (MCADE) Price Prediction

You can still buy into Metacade at the stage 1 prelaunch price of $0.01. The predicted launch price already looks like it will ensure a favorable return for early investors. But it’s when the P2E market really starts to take off that things could get interesting. 

Investors in The Sandbox (SAND) at launch saw a 100x ROI at the height of the market, and there’s a chance Metacade could replicate that performance between 2023 and 2025, making it a better bet than the Monero price prediction.

But you need to be quick to make the most of the Metacade presale, as the first phase is selling out fast.

Monero (XMR) Price Prediction

When making the Monero price prediction up to 2025, it’s important to factor in a number of considerations. First, if volumes stay low, people will not need to use Monero. Second, if regulators push hard for greater transparency, it could spell trouble for Monero’s secret services. And third, there is always the chance that Monero could be hacked, thereby damaging its reputation. 

For those reasons, the Monero price prediction 2025 is for no increase on the end 2022 price of $145.38. 

Investors Prefer Metacade to Monero

Choosing between Metacade and Monero is not a difficult decision. One is an exciting, innovative newcomer in a booming sector. The other offers a service which could very realistically be outlawed by regulators looking to clean up the crypto industry. It’s no wonder that investors are choosing Metacade (MCADE) over Monero (XMR). You can join them by taking the opportunity to buy at the presale price.

You can buy XMR at eToro here.

You can participate in the Metacade presale here.

The post Monero (XMR) Price Prediction 2025 – Here’s why investors prefer Metacade (MCADE) appeared first on CoinJournal.

• Ethereum Classic is the best performer amongst the top 50 cryptocurrencies by market cap today.

• ETC is up by more than 4% today and has added 21% to its value in the last seven days.

• The broader crypto market is underperforming after a positive start to the week.

ETC is outperforming the other major cryptocurrencies today

ETC, the native coin of the Ethereum Classic blockchain, is the best performer amongst the top 50 cryptocurrencies by market cap today. It is up by more than 4% in the last 24 hours, and the price of Ethereum Classic now stands at $18.73.

According to the crypto analytics platform Santiment, Ethereum Classic is enjoying a pretty nice rally of its own. Not only is volume high, but ETC is also being shorted big time by traders on exchanges.

This latest cryptocurrency news could be the major catalyst driving ETC higher. The broader crypto market had a positive start to the week but is now retreating. The total crypto market cap stands at $817 billion, down by less than 1% in the last 24 hours. 

Bitcoin and Ether continue to maintain their prices above the $16,800 and $1,250 levels, respectively.

Key levels to watch

The ETC/USD 4-hour chart is bullish as Ethereum Classic has been performing well over the last few days. The technical indicators show that ETC is outperforming the broader crypto market.

The MACD line is deep within the positive territory, indicating that the bulls are in charge of the market. The 14-day relative strength index of 78 shows that ETC could enter the overbought region if the rally continues.

With the bulls in charge, ETC could surge past the first major resistance level at $20.12 before the end of the day. In the event of an extended rally, ETC could trade above the $23 psychological level for the first time since November 2022.

Where to buy Ethereum Classic now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ETC with eToro today Disclaimer

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy ETC with OKX today Disclaimer

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• Bonk has captured the attention of most traders and investors.

• History suggests that Bonk price will implode soon.

• Tokens like Tamadoge, Saudi Shiba Inu, and Dogelon have been forgotten.

Bonk price has made headlines in 2023 as it became one of the best-performing tokens in the world. The token’s price surged to a high of $0.0000036, which was dramatically higher than its all-time low. According to CoinMarketCap, the meme coin’s market cap surged to more than $200 million.

Beware of an upcoming crash

Meme coins have become popular in the financial industry in the past few months. Besides, creating these tokens has become easy because of smart contract platforms like Ethereum and Solana. Also, some developers have made a fortune launching meme coins like Dogecoin, Shiba Inu, Tamadoge, Dogelon Mars, and Floki Inu. 

Bonk is a new meme coin that was launched on Christmas day. It is a meme coin whose developers aim will become the Shiba Inu equivalent of Solana. They hope that it will be used to power the Solana ecosystem, which is going through turmoil because of its exposure to FTX and Alameda. We have covered the link between the entities here.

Bonk has become highly popular in the past few days. Indeed, the total volume of the token traded in the past 24 hours in centralised exchanges rose to $152 million. It has also become popular in Solana Dex platforms like Orca and Saber.

Bonk price prediction

However, there are reasons to be cautious about Bonk price. First, its price action resembles what we saw with other meme coins like Tamadoge and even Saudi Shiba Inu. In this, the token tends to rise sharply and then decline as it moves into the distribution phase.

Second, it appears like Bonk is a way for Solana insiders to make a killing. A quick look at its whitepaper shows that most of the Bonk tokens are allocated to insiders, including the makers of OpenBook. OpenBook is a new iteration of Serum, which collapsed in November.

Third, Bonk price will likely resume the bearish trend as the momentum surrounding it wanes. We saw this with other popular meme tokens before. While Dogelon Mars and its peers were highly popular at their prime, they have since then been forgotten.

Finally, it is hard to imagine a meme coin with no utility do well in a period of high-interest rates. Fed minutes published on Wednesday showed that the committee expects that rates will remain high for a while. Therefore, I expect that BONK will crash to $0.00000011 in the next few days.

How to buy Bonk

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