Kategorie: Crypto Analysis

• BNB crypto price has been in a strong bearish trend in the past few weeks.

• Binance is facing significant regulatory concerns.

• The company exited the Netherlands and is facing a crackdown in the US and the UK.

Binance Coin price crawled back slightly during the weekend as investors attempted to buy the dip. The BNB token rose to a high of $245, which was higher than this month’s low of $221. It remains sharply below the year-to-date high of $351.

Binance outflows continue

Binance Coin is one of the leading cryptocurrencies in the world with a market cap of over $37 billion. It is a leading coin that powers the BNB ecosystem, which is a platform that powers the decentralized finance (DeFi), metaverse, and the non-fungible token (NFT).

BNB coin is known for its association with Binance, the biggest crypto exchange in the world. Binance has made several headlines in the past two weeks. It is facing a major investigation by the Securities and Exchange Commission (SEC). 

Most recently, Binance announced that it was exiting the Dutch market. The company has announced that it is not accepting new customers from the country. The statement added:

“No further purchases, trades or deposits will be possible. We encourage users to take appropriate action by withdrawing assets from their Binance accounts.”

Binance is also facing investigations in France, the second-biggest economy in Europe. Most importantly, the firm decided to cancel it registration in the UK, where it is also facing significant regulatory concerns. 

As a result, data shows that the company’s assets have dropped in the past few weeks. According to DeFi Llama, Binance has lost over $80 million in assets in the past 24 hours. It has lost over $4.4 billion in the past 30 days.

Further, the BNB Chain has seen its DeFi total value locked (TVL) drop by more than 23% in the past 30 days. It now has a TVL of over $5.17 billion, making it the third-biggest chain in the world after Ethereum and Tron.

Binance Coin price prediction

The daily chart shows that the BNB price has been in a bearish trend in the past few days. As it dropped, the coin dropped below the important support levels at $298.4 and $265.6, respectively. The two were the lowest levels on April 3rd and March 10 of this year.

Binance Coin has dropped below the 25-day and 50-day moving averages. It has also formed what looks like a bearish pennant pattern. Therefore, the BNB price will likely have a bearish breakout as sellers target the next support at $200.

How to buy Binance Coin

eToro

Buy BNB with eToro today Disclaimer

Pepperstone

Buy BNB with Pepperstone today Disclaimer

The post BNB price prediction as Binance outflows continues appeared first on CoinJournal.

• The Chancer presale opened on June 13 and raised $245K in 3 days

• The predictive markets application has attracted users interested in P2P betting and investments

• $CHANCER could become a crypto sensation in 2023 with triple and four-digit percentage price increases

Investors are accumulating Chancer tokens ($CHANCER) fast amid enthusiasm for the world’s first blockchain-based predictive markets app. The presale opened on June 13, with $245,568 raised out of a total of $1,000,000. Predictably, $CHANCER could record one of the fastest presales as demand remains high.

Chancer: Unlocking the power of decentralised and P2P bets 

Chancer’s robust presale underlines its value proposition in the betting market. At a glance, Chancer aims to bring betting to the user, allowing them to create their own market, and set rules and odds. The user can invite friends and anyone worldwide in their betting market. They can also join markets created by others, thus permitting peer-to-peer betting relationships via a decentralised blockchain ecosystem.

Chancer brings flexibility and makes betting accessible to anyone. Users are not restricted to what their bookmakers offer. They can create a market to bet on almost everything. It could be anything from football to predicting that a friend will win an upcoming maths contest. Investors will use $CHANCER to place bets and claim winnings. 

$CHANCER will be launched on the secure BSC Chain, and real-time communications will be enabled via Google’s WebRTC. That means investors have enhanced security and can enjoy live streaming through the WebRTC capabilities.

Multiple income opportunities through $CHANCER

Betting is one of the ways $CHANCER holders earn by participating in live markets. There are also market-making rewards for users creating Chancer markets through the dApp and the live stream feature.

Staking is the other earning avenue for investors, which involves committing the tokens on the platform for a chance to earn interest on them. The staking feature unlocks liquidity, enabling traders to opt in and out of positions easily. 

Being a blockchain platform also means Chancer is accessible worldwide. As such, the Chancer team has made it possible to spread the word about the platform and earn. This is enabled through a Share2Earn feature. And to make the platform cost-effective for users, token holders get discounted fees for the markets they create and participate in.

Is $CHANCER the next token to explode?

The overwhelmingly bearish crypto market means investors could be searching for new projects with the potential to return big. Newly launched tokens make it to this list since their price movement is rarely influenced by the general market mood.

$CHANCER is a token launching with a new use case in betting. Predicting that this token will explode is both realistic and prudential. We can base this prediction on the quickly selling presale, which suggests that demand is strong and increasing. 

$CHANCER could explode as the token launches on exchanges and its main betting platform is created. Of course, the prediction is not outright, as it will depend on whether $CHANCER will sustain demand. Early suggestions are that it could. Consequently, we should expect an increase in the token’s value as more investors discover the platform.

$CHANCER prediction in 2023 and 2024

With the excitement around the launch of a platform that allows P2P betting and investment, $CHANCER could make robust price gains. However, a double percentage price increase for 2023 should be considered realistic, given that the token lists in the third quarter. 

With the current presale value at 0.01 BUSD, a price target of 0.1 BUSD or slightly higher in 2023 should be taken. There is still no harm in expecting a 10x increase in 2023, as $CHANCER’s high demand could fuel strong moves. 

Nonetheless, more sustained $CHANCER gains are likely to be driven by the continued usage of the platform. The mainnet will launch in the first quarter of 2024, which could unlock liquidity through real-world use cases. In my prudential approach, a 1,000% gain or higher should be expected of the token in 2024.

The post Investors grab $245K Chancer tokens within days of presale opening appeared first on CoinJournal.

• AltSignals presale has surpassed $1 million in sales amid enthusiasm around its AI trading signal service.

• JPMorgan survey points to growing interest in AI-based trading among traders.

• $ASI is attractive at presale as exchange listing could fuel price increases.

AltSignals (ASI) has been a presale sensation, with investors angling for a share of its AI trading signal service platform by purchasing the token. With nearly 93% of tokens sold out, the AltSignals team has raised over $1 million to actualize its dream of an AI-powered trading platform. This could be an excellent opportunity for new investors to join the trading signal service, which has accumulated over 52,000 members on Telegram since its founding in 2017 in the UK.

Why has AltSignals generated so much interest?

AltSignals has been a very successful trading signal service. Thousands of traders are using the service, with signals averaging accuracy rates of 64%. Much credit for its success has been attributed to its experienced team and the AltAlgo™ software used to generate the signals. Overall, AltSignals has generated over $2.2 million in trading revenues. With the growth and demand for its service, analysts believe Altsignals could benefit immensely from artificial intelligence. 

$ASI presale welcomes a new era of AI trading signal generation for AltSignals. The company will launch an AI trading signal service platform dubbed, ActualizeAI. The blockchain-based platform will be powered by $ASI and is expected to increase the quality of signals generated by AltSignals. The service incorporates predictive modelling, machine learning, natural language processing, and sentimental analysis. The highly successful presale underlines investors’ belief that AI will be core to the growth of an already successful trading signal service. 

AI trading to dominate trading in 3 years – JPMorgan Survey

Traders are betting that AI will dominate the future of financial markets trading, according to a new survey by JPMorgan. The survey, which included 835 professional and institutional traders, found increased automation and adoption of AI in trading. 

The survey establishes that AI has grown popular since the release of ChatGPT, with investors growing curious about what AI can do in business. The strategists predict the domination of the technology in trading in the next three years. That places proprietary platforms like AltSignals and its AI platform ActualizeAI at a pole position to grow.

Beyond trading signals, ActualizeAI offers new ways to earn

ActualizeAI’s benefits are not only about trading signals. Investors can earn in a variety of ways, including the ability to participate in trading competitions and get rewarded with $ASI. This could also be an opportunity for traders to sharpen their skills in trading.

$ASI holders also have access to the AI Members Club. They earn more tokens by contributing ideas and giving feedback to ActualizeAI projects. There are also exclusive presale opportunities for traders in the future. 

The exciting bit is that traders can vote on matters affecting ActualizeAI using their tokens. As such, AltSignals will be a community-led platform, giving its members a voice over issues that affect them. 

Should you buy $ASI in the presale?

Investment can be made at any stage of newly launched tokens, including when listed on exchanges. It depends on the value an investor sees by investing in a particular instrument. However, there is an advantage to buying tokens during their presale. 

One is the advantage of gaining access to the platform before the rest. For AltSignals, investors buying the token at presale can access ActualizeAI early enough. It means exclusive access to other presales and market opportunities.

The second advantage is obviously buying a token that is low-priced. Tokens on presale have a restricted demand since they are unavailable on exchanges. It means the price is still low, and buying at that point offers a chance to generate value from value increases. The tokens have gone to increase in value by up to 10 times from the presale price. As the $ASI presale in stage 1 draws close, it could be the right time to invest before the price skyrockets.

The post AltSignal’s presale raises over $1 million as JPMorgan survey lauds AI-based trading appeared first on CoinJournal.

• Mizuho analyst says Coinbase may be losing share in retail crypto trading.
• Dan Dolev continues to see downside in the crypto exchange to $27 a share.
• Coinbase stock is currently down 35% versus its year-to-date high in March.

Coinbase Global Inc remains at the risk of having its stock price cut in half, says Dan Dolev. He’s a Senior Analyst at Mizuho.

Coinbase stock could crash to $27

Dolev maintained his “underperform” rating on the crypto exchange today. His $27 price objective suggests shares could tank an alarming 50% from here.

The analyst is super bearish on Coinbase stock partially because he suspects that it’s losing share in retail trading to peer Robinhood Markets Inc.

Our analysis suggests that COIN’s share of combined COIN retail + Hood crypto volumes trended lower in April vs. the approx. 65% ratio in the prior three quarters.

Part of it may be related to the lawsuit the U.S. Securities and Exchange Commission filed against the crypto company last week.

Coinbase has increased trading fees

Dan Dolev also cited trading fees as a possible reason why Coinbase Global Inc is losing to Robinhood.

The crypto exchange has resorted to higher fees for small-ticket traders to offset volume declines which may have pushed them to Robinhood as it has refrained from increasing fees so far, the Mizuho analyst told clients in a research note today.

If we assume that COIN maintained share and retail take rate held constant at 168bps in April … this would imply $117 million of retail transactions for April.

In comparison, the company recently reported a lower $110 million of total transaction revenue in April. Coinbase stock is currently down 35% versus its year-to-date high.

The post Coinbase may be losing retail crypto traders to Robinhood: Mizuho appeared first on CoinJournal.

• Cryptocurrencies plunged hard after the latest Federal Reserve decision.

• Bitcoin dropped below the key support levels at $25,300 and $25,000.

• XRP has formed a double-top pattern on the daily chart.

Cryptocurrency prices dipped sharply this week amid significant monetary policy and regulatory concerns. Bitcoin crashed below the important support at $25,000 while most altcoins erased their 2023 gains. This sell-off accelerated after the Federal Reserve pointed to two more rate hikes later this year. In this article, we will explain what to expect in XRP, Hedera Hashgraph, and Stacks.

XRP price prediction

The XRP price drifted downwards this week after it jumped to a high of $0.5624. Its highest point was an important level since it was also the year-to-date high. This means that the coin has formed a double-top pattern, which is usually a bearish signal. The neckline of this price is at $0.4075, the lowest level on May 11.

At the same time, Ripple price managed to cross the 25-day and 50-day exponential moving averages, signaling that bears are gaining traction. The Relative Strength Index (RSI) crossed the key level st 50 while one line of the Stochastic Oscillator indicator dropped below the oversold level. XRP price also formed a small shooting star pattern. 

Therefore, the outlook of Ripple is bearish, with the next level to watch being at the neckline of the double-bottom pattern at $0.4075. 

How to buy XRP

inv-news-table coins=”XRP” limit=”2″]

Hedera Hashgraph price prediction

Hedera Hashgraph is a major blockchain project that seeks to become a good and faster alternative to Ethereum. It is faster, cheaper, and governed by leading companies like Google, IBM, and LG. Like other cryptocurrencies, the HBAR price has been in a strong downward trend in the past few months. It has erased about 40% from its highest level this year.

HBAR price has dropped below the important support level at $0.0542, the lowest level on March 10th. The token has moved below the 25-period and 50-period moving averages. At the same time, the Relative Strength Index (RSI) has continued falling. Therefore, there is a likelihood that the coin will continue falling as sellers target the next key support level at $0.035, which is about 18.5% below the current level.

How to buy Hedera Hashgraph

inv-news-table coins=”HBAR” limit=”2″]

Stacks price prediction

Stacks price has been in a strong bearish trend despite the rising interest of Bitcoin development. STX managed to move below the lower side of the descending channel shown in orange. At the same time, the coin has dropped below the 25-day and 50-day EMA. On the daily chart, it has moved below the 61.8% Fibonacci Retracement level.

Stacks has also moved below the psychological level of $0.50. Therefore, there is a likelihood that the coin will continue falling as sellers target the next level at $0.35.

How to buy Stacks

inv-news-table coins=”STX” limit=”2″]

The post Crypto price prediction: XRP, Hedera Hashgraph, Stacks appeared first on CoinJournal.