Kategorie: Crypto Analysis

• Cryptocurrencies had a great week as the market cap soared to $1.25 trillion.

• Ripple prevailed when a judge ruled that XRP was not a financial security.

• Bitcoin and other altcoins bounced back this week.

Cryptocurrencies had a very good week after the weak US inflation data and after the SEC vs Ripple case outcome. Ripple price surged by more than 70% while the market cap of all cryptocurrencies jumped to over $1.25 trillion. Here is the weekend prediction for key coins like Cardano, Solana, and ApeCoin.

Cardano price prediction

Cardano ADA price made a strong bullish breakout after the SEC vs Ripple news, which we wrote about here. It jumped to a high of $0.375, the highest level since June 4th. This rally happened because the SEC had singled out Cardano as a financial security. As such, there is a likelihood that Cardano and its developers would prevail if the SEC brought charges.

The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, let’s make it law. 👇 pic.twitter.com/FZtO1BzfWX

— Tom Emmer (@GOPMajorityWhip) July 13, 2023

Turning to the daily chart, we see that the Cardano price was in a consolidation phase before the Ripple news. It was consolidating at an important support level of $0.30, which was the lowest point on March 12th. 

Now, Cardano has moved slightly above the 50-day moving average. It is also trading at the 200-day moving average. Therefore, while the bullish comeback has eased, there is a likelihood that it will continue rising as buyers target the next key resistance level at $0.42, which is about 20% above the current level.

How to buy Cardano

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Plus500

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Solana price prediction

Solana has been one of the top-performing cryptocurrencies this week. The coin jumped to a high of $32.20, the highest level since November last year. It has risen in the past three straight days.

SOL price has jumped above the important resistance level at $25.83, the highest level on April 17th. The coin has also risen above the 50-day and 100-day moving averages. At the same time, the Relative Strength Index (RSI) has moved above the overbought level of 80. 

Stochastic Oscillator RSI has moved above the overbought point. Therefore, the coin could keep rising as buyers target the key resistance at $38.60, the highest level on November 5th.

ApeCoin price forecast

ApeCoin price has been in a strong bearish trend in the past few months. This decline happened as the volume of Bored Ape Yacht Club (BAYC) NFTs crashed. APE moved below the key support at $2.60, the lowest level in November last year. 

The token has crashed below all moving averages while the Relative Strength Index (RSI) has moved above the neutral point at 50. Therefore, the outlook of the ApeCoin token is bearish as demand for NFTs and BAYC tokens dropped.

How to buy ApeCoin

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eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.

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Nexo

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The post Crypto price prediction: Cardano (ADA), Solana (SOL), ApeCoin appeared first on CoinJournal.

• US court ruled in favour of Ripple in the case initiated by SEC

• The ruling is positive for crypto, with newcomers like Chancer benefiting

• Chancer could rise by double or triple-digit percentages in 2023

Crypto is not a security. This was the message the US judge Analisa Torres passed in making a positive ruling on Ripple’s XRP classification against the Securities and Exchange Commission. The classification was welcome in crypto quarters as XRP pumped by double digits. The ruling is positive for existing and upcoming digital assets as it clears legal uncertainty. Chancer could ride on this optimism to become a valuable asset, with the presale quickly selling out in just a month.

SEC loss is a win for crypto

The SEC’s case against Ripple has been a long-standing issue since December 2020. It would have set a precedent for the classification of digital assets, impacting their attractiveness to investors. SEC believed Ripple violated security laws through the issuance of XRP. The court’s verdict now clears the legal hurdle and represents a win for crypto as it limits SEC’s action against other digital asset entities and issuers.

The landmark win is positive for Chancer. Chancer is a blockchain-based predictive markets application that launched a presale on June 13th, 2023. A month later, Chancer raised more than $768,526 from investors in the presale. 

Investors would be excited that the court’s ruling creates a transparent market where future entanglements of crypto and the regulator are minimised. Chancer could benefit from the outcome. The enthusiasm that the presale has generated means the positive sentiment created by the ruling could boost demand. 

What does Chancer do differently?

Chancer taps into the power of peer-to-peer (P2P) relations to build a blockchain platform for betting. P2P has become popular with crypto and blockchain, as it allows users to exchange value in a decentralised manner across geographies. 

In its P2P betting model, Chancer allows users to connect with others and bet on their preferred events. Different from the existing betting methods where the bookmakers determine events, odds, and rules, Chancer lets users decide for themselves. Users create P2P markets, determine rules, fix odds, and invite other participants to bet on a decentralised platform. The bets are facilitated by the $CHANCER token, the medium of exchanging value.

But it is not just the betting element, as Chancer is designed to be a medium of investment. Users earn from creating Chancer markets, besides making successful bets on them. For investors who love passive income, there is the option to stake the native token and earn yields. Users also earn for sharing the platform with others. 

Is Chancer a 10x investment in 2023?

Cryptocurrencies are new asset classes and power innovative use cases. As we have seen in the past, cryptocurrencies can rise by more than 1,000% in a few months after launch. Chancer could be a 10x investment as it powers a user case that has not been exploited in blockchain and crypto. This also reflects the growing popularity of betting. 

Nonetheless, a 10x prediction for CHANCER in 2023 could be too early. Chancer is still on presale, and its first listing will occur in the third quarter on Uniswap. It takes a few months for valuable tokens to surge in value 10 times, which this analysis doubts could happen in 2023. Potentially a price increase of 1,000% is likely in 2024. A double or triple-digit percentage price gain is the most realistic scenario for 2023. 

Should you buy CHANCER now?

Chancer is in its first presale stage, priced at $0.01. Once the first stage concludes, the price will rise to $0.011 in the second phase. It means buying now is attractive as the price is still low.

CHANCER is also headed for listing in the third quarter. Any explosive price move would occur after listing. Buying now allows investors to ride the price momentum when the token debuts on exchanges.

The post Ripple’s win against SEC a boost to Chancer as presale accelerates appeared first on CoinJournal.

• A New York court dealt a major blow to the Securities and Exchange Commission.

• The court ruled that XRP was not a financial security, pushing cryptocurrencies higher.

• AltSignals token sale gained steam, with 52% of stage 2 tokens being sold.

Cryptocurrencies received another dose of good news on Thursday when a judge made her ruling in the SEC vs Ripple case. As a result, the XRP token soared by more than 70% while Bitcoin moved closer to the year-to-date high. Investors also allocated funds to token sales, with the second stage of AltSignals gaining traction.

SEC vs Ripple case

A major concern among investors was about regulations in the US. As you recall, the SEC made several allegations when it filed a major lawsuit against Ripple Labs and its executives. The allegations were that Ripple violated capital raising laws and that the XRP coin was a token. 

On Thursday, the judge overseeing the case delivered a positive result for Ripple. She ruled that Ripple Labs violated some laws and that XRP was not a financial security. That was a major blow to the Securities and Exchange Commission (SEC), which has become highly combative in the recent past. 

The ruling could have major implications for how the SEC regulates digital currencies. Instead of blanket lawsuits, the SEC could now put pressure on lawmakers to come up with regulations specific for the industry. 

Another implication is that financial services companies could add Ripple into their ETF proposals. This is notable since XRP is one of the biggest cryptocurrencies in the world with a market cap of over $43 billion.

Falling US inflation

Another important catalyst for cryptocurrencies, including AltSignals, is that America’s inflation is falling. Data published by the Bureau of Labor Statistics showed that the headline consumer inflation plunged to 3%, the lowest level since March 2021.

If this trend continues, it means that consumer inflation will move to the Fed’s target of 2.0% in the next few months. There is also a possibility that inflation will move below 1% in 2024.

Falling US inflation is a good thing for cryptocurrencies because of its impact on the Federal Reserve. The Fed has been hiking interest rates at a rapid rate in the past few months. Therefore, there is a possibility that the rate hiking cycle is about to end. Cryptocurrencies tend to do well in those market conditions.

AltSignals token sale continues

These two events could lead to a strong rally in the crypto market. Ripple’s XRP surged by more than 70% on Thursday while Stellar jumped by over 40%. At the same time, more investors allocated their funds to AltSignals, which has now raised over $1.17 million in its second stage of the token sale. 

It has sold about 52.3% of all tokens in this stage and the developers will boost the price by 12.05% in the next stage.

AltSignals is a company that hopes to use artificial intelligence to provide accurate predictions in the crypto, futures, and forex market. The ecosystem will be powered by the ASI token.

Unlike many other token sales, AltSignals is already a profitable company with thousands of customers from around the world. Its platform has excellent user reviews, as you can read here. Therefore, the developers hope to boost its performance using AI. You can buy the AltSignals tokens here.

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• Shiba Memu is a new meme cryptocurrency that taps into the power of AI and blockchain.

• Through AI, Shiba Memu will be a self-sustaining marketing powerhouse, delivering value to investors.

• The price of the meme token increases every day, and its presale concludes in 8 weeks.

Who thought meme cryptocurrencies would have so much following and attraction in this day and era? Just in early 2020, the market cap of the total meme token market was $0. In early 2022, the market was valued at over $20 billion, showing how much potential meme tokens have. Early entrants like Doge and Shiba Inu and latecomers like Pepe Coin have always elicited enthusiasm. But now, we are talking of a new meme coin that combines AI and blockchain technology, Shiba Memu(SHMU). Since launching its presale, Shiba Memu has hit unprecedented demand, with more than 26,755,000 tokens sold.

What is Shiba Memu (SHMU)?

Shiba Memu is not your usual meme cryptocurrency. It is a revolutionary coin that taps into the power of AI and blockchain to create a self-sustaining marketing powerhouse.

As you already know, AI has been a buzzword since ChatGPT came into being in November 2022. Who doesn’t know what ChatGPT can do today, including letting you do serious stuff like writing code or drafting an assignment?

Shiba Memu is a meme cryptocurrency that embodies the unique attributes of AI to learn and promote itself across social networks and other forums. With the help of AI-based software, Shiba Memu can write its own PR and promote successful marketing strategies. 

Shiba Memu is also learning 24/7, all on its own, to become a better version of itself. As the power of AI grows, Shiba Memu will become more intelligent and powerful, achieving more than what hundreds or thousands of marketing agencies combined can do. 

Does investing in Shiba Memu make sense?

Up to now, meme tokens have shown great potential, eliciting reactions even more than mainstream cryptocurrencies like Bitcoin. The potential reason is that investors are looking for fun and creative ways to engage in crypto, which is only possible through meme tokens. 

But investing in Shiba Memu is more than that. It carries a value proposition owing to its AI capabilities. It doesn’t need those annoying Twitter or Reddit spats to gain traction. The token will pick battles on its own and generate hype using AI. This is its essence of being a meme token and remaining independent. That means the token can potentially explode in value and generate significant returns to investors. 

Aside from that, who wants to miss out on the AI train? Tech wars are moving to AI, just like the internet disrupted everything and made adoption the only survival tactic. Put simply, Shiba Memu’s AI angle manifests a trend that is catching up with us. The inevitable shift into AI makes Shiba Memu a worthwhile investment in the future.

Shiba price increases every day

Shiba Memu is always on the move, right from the presale. The price of the token rises each day at 6 pm GMT, which is quite positive for its incremental value addition. Throughout the presale, the price will have doubled from a starting value of $0.011125 to $0.0244. 

Shiba Memu’s presale will last for 8-weeks and conclude with whatever amount investors will have put in. Token distribution will start when the presale ends. Since the project runs on ERC20 and BSC networks, investors can buy it with Ethereum, USDT, BNB, and BUSD.

Should you invest in Shiba Memu now?

Time is of the essence in investment, and finding projects that can deliver exceptional returns feels like a gift. History has taught that meme cryptocurrencies are most ideal when the hype is building up rather than when FOMO has dried up. 

If meme crypto is your preferred investment, this could be the right time to pick Shiba Memu before the presale ends. The potential for the token is huge, and the application area through AI is limitless.

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• Elon Musk, the richest man on earth, has started a new AI company.

• Nvidia made a $50 million investment in a biotech company using AI.

SingularityNET price jumped sharply on Thursday as investors reacted to the latest investments in artificial intelligence (AI). AGIX, the network’s token, jumped to a high of $0.2640, the highest level since July 3rd. 

AI investments rising 

Artificial Intelligence has been a major theme this year as investors cheer the launch of key projects like OpenAI’s ChatGPT and Google’s Bard. As a result, most companies with an exposure to artificial intelligence like Nvidia and C3.ai have done well this year.

There are two main reasons why AGIX and other AI cryptocurrencies are rising. First, Elon Musk, the richest man in the world, announced that he had launched a new AI company known as X.ai. 

Details about what the company will do and how it will work are still thin. Still, analysts believe that the company will seek to build a better AI model than ChatGPT and Bard. 

Elon Musk has a long history with AI. For one, he was one of the initial funders of OpenAI. Also, a company like Tesla uses some AI features already. Therefore, investors believe that his involvement will lead to more growth in the industry.

Second, AI coins and stocks jumped after Nvidia announced a $50 million investment in Recursion, a biotech company. Recursion will use Nvidia’s cloud platform to handle over 23 petabytes of biological data. This is a sign that there are still more demand for the AI financial assets.

SingularityNET price forecast

The 4H chart shows that the AGIX crypto price has made a strong bullish trend in the past few days. It has moved above the important support level since June 20th. The coin has moved above the 25-period and 50-period moving averages. It is also approaching the important resistance level at $0.2693, the highest point on July 3rd. 

Meanwhile, the token seems like it has formed a head and shoulders indicator while the Relative Strength Index (RSI) has moved above the overbought level. Therefore, a move above the right shoulder level of $0.26 will invalidate the bearish view. A move above the resistance at $0.2693 will lead to more upside, with the target being at $0.30.

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