Kategorie: Crypto Analysis

• Metacade is correcting after claiming a high above $0.045

• The token could benefit from increased listings and market events facing Binance

• MCADE is a potential buy as a support zone develops around $0.026

Metacade is now entering an exciting phase that could make a significant difference. That is becoming available to a large number of investors after major listings on Uniswap, BitMart, and MEXC. 

But even after listing on these exchanges, the token of the arcade platform has slowed down. As of press time, it exchanged hands at $0.0269, compared to its highest price of $0.045 at the start of the month. Is this a good opportunity to buy, or should investors stay away?

Binance on US probe for averting sanctions to Russia

Crypto markets could once again be staring at a red light. The world’s largest crypto exchange Binance is under probe by the US Justice Department for possible subversions of sanctions placed against Russia. 

Reports indicate that the US regulators want to know if Binance helped Russian customers move money and overcome sanctions. 

The Binance investigation could be monumental to crypto should US officials find the exchange guilty of the wrongdoing. As the leading exchange, increased scrutiny could spark market fears and potentially trigger fund withdrawals, as it has happened in the past. 

Another potential impact is client shifts to decentralized exchanges like Uniswap. This happened when FTX collapsed in November 2022, which saw huge inflows into DEXs. Whether these two possibilities are bound to happen is highly speculative. But one thing is for sure should it occur. Tokens that are listed on DEXs like Metacade will benefit from the investor shift. 

What is Metacade, and what uniqueness is it offering?

Metacade is a Web 3.0 community hub allowing gamers, developers, and crypto fans to collaborate. The platform wants to become the biggest gameFi arcade that is community governed. Investors earn through different methods – Create2Earn, Compete2Earn, and Work2Earn. They can also stake the native token to grow their bottom lines.

Since its launch and during the presale, Metacade has witnessed strong investor interest. Thanks to its robust earnings mechanics, Metacade promises to be a leader in the Web 3.0 space that is growing exponentially. The platform aims for a thriving ecosystem for its community. As such, it has committed to initiatives like Metagrants that will support new projects and applications. A platform launchpad, game testing, and advertisements are also expected to make Metacade a self-sustaining ecosystem. 

Metacade more than doubles in price after exchange listings

The uniqueness of Metacade has helped the token’s presale to sell out quickly. Now, the token is at the stage of exchange listings and has successfully debuted on Uniswap, BitMart, and MEXC Global.

As analysts had projected, the price of MCADE increased exponentially on the listing. At the beginning of May, the price rose above $0.045. The token’s price during the final presale phase was $0.0.020, meaning it has more than doubled in value. 

The price has now cooled, allowing investors to buy before more exchange listings follow. Let’s look at how the price could behave at the current level. 

MCADE – a potential opportunity in May?

As previously pointed out, MCADE is in a correction phase. This is a normal occurrence for every token or financial instrument after a prolonged uptrend. However, investors know corrections offer a chance to buy an asset at a lower price and ride the uptrend with a lower risk-return ratio. 

Metacade has been making these corrections. Each time, it has claimed a higher high and higher low. That means the token is still on an uptrend, and the correction could be an opportunity to buy. 

For instance, if we look at the current price, MCADE has held to the level for the past 3 days. It means potential support is developing around $0.026. If this level holds, it could be the perfect zone to buy MCADE in May. Considering the token is already available for trading on three exchanges, trading volumes could build up, and MCADE could claim a new high. 

The post Should you trade Metacade in May, even as Binance comes under pressure? appeared first on CoinJournal.

The Sandbox price failed to recover from a year-long slump during the bullish price action of early 2023. 3D games in the metaverse have been a source of great excitement among blockchain investors, but a new kind of play-to-earn (P2E) platform may be the next big thing in the GameFi sector.

Metacade’s hugely successful token presale is a testament to an exciting roadmap that has appealed to Web3 users. While The Sandbox price continues to struggle, Metacade’s continues to gain momentum.

Metacade is a very interesting niche investment opportunity

While the majority of cryptocurrencies in Web3 enjoyed significant gains at the beginning of 2023, The Sandbox price underperformed. 3D games in the metaverse posted impressive returns during the 2021 bull market, yet a prolonged slump for The Sandbox price has concerned some long-term investors.

The Sandbox price remains more than 90% down from its all-time high. Meanwhile, Metacade rose more than 2x in the space of a week as it continues to generate excitement among the blockchain gaming community. The token is fresh from two primary exchange listings and looks ready to continue its rapid development.

Metacade raised $16.4 million during the MCADE token presale, with most fundraising stages sold out. Since then, the MCADE token has launched on Uniswap and BitMart and skyrocketed to a $0.03 price level towards the end of April.

While 3D games based in the metaverse are still in their infancy, Metacade’s comprehensive play to earn environment intends to include 3D games as it grows. It awaits to be seen whether The Sandbox price will reclaim its previous highs over time.

What is The Sandbox

The Sandbox is a blockchain-based virtual gaming world where players can create, share, and monetize their gaming experiences. Utilizing the Ethereum blockchain, The Sandbox aims to revolutionize the gaming industry by providing a decentralized platform for gamers and game developers.

With its unique combination of user-generated content and P2E mechanics, The Sandbox offers a new frontier for gamers to explore and connect. Players can also purchase LAND, virtual real estate that can be used to build and monetize custom gaming experiences.

Could SAND reach $5 in 2025?

The Sandbox remains one of the top 3D games in Web3. Despite its reduced price of $0.60, which is 92% down from the all-time high of $8.50, The Sandbox price could target higher price levels above $1 and $2.

Price analysts have highlighted a key resistance area for The Sandbox price at the $3.50 level. As the broader crypto market enters long-awaited bull market conditions over the coming years, a leading 3D game such as The Sandbox certainly has the potential to reach its previous resistance levels.

What is Metacade?

Metacade will be the first community-driven blockchain arcade and the most extensive platform found in Web3. It plans to offer many different play-to-earn arcade games in a single location, which gives players an extensive opportunity to earn cryptocurrency rewards while enjoying some addictive gameplay experiences.

The project also aims to become a central hub for the blockchain community by introducing several unique earning mechanisms. Metacade will serve investors, entrepreneurs, and gamers through a range of on-chain services. The platform is genuinely planning on taking P2E mechanics to the next level.

How does MCADE work?

The MCADE token is used to pay rewards in the metaverse arcade. Players can play solo, earn MCADE tokens while trying to beat their highest score, or join paid entry tournaments to win major crypto prizes.

Metacade is also developing a suite of DeFi services for its community. MCADE token holders can use on-platform staking to earn a passive yield and use their tokens to vote in governance proposals released by the project.

The Metacade community hub is introducing a novel variation of the play-to-earn mechanism called Create2Earn. This will reward content creators with MCADE tokens for their contributions to the community. Contributions can include posting game reviews, sharing alpha, and interacting with other users’ posts.

As well as all this, Metacade will advertise paid job opportunities at leading companies in Web3. Crypto enthusiasts can apply for full-time and part-time roles directly through the Metacade jobs board, which will also include a Work2Earn feature that connects users to unique beta testing opportunities for brand-new P2E titles.

Could MCADE reach $2 in 2025?

The MCADE token has enjoyed a fruitful start to 2023. The presale was successfully closed with $16.4 million raised as funding for the metaverse arcade, which displays the widespread popularity of the project and its projected future demand.

MCADE has extensive utility on the Metacade platform and deflationary tokenomics. Price analysts are forecasting significant returns from the current price of $0.027 as long-term investors continue to buy the token ahead of a future crypto bull market.

Metacade vs. The Sandbox price predictions: Which token is worth buying?

The blockchain can support 3D games with integrated earning potential for players. This is a crucial reason why metaverse projects such as The Sandbox and Metacade have high price forecasts for the future. Metacade and The Sandbox prices are expected to rise significantly from the current levels.

Metacade, as a brand new platform in the GameFi sector, could be preparing for massive action over the coming years. Further information about this exciting project is available on Metacade’s website.

You can find more information, including how to buy MCADE, here.

The post The Sandbox Stalls. Could Metacade’s MCADE Price Overtake The Sandbox’s SAND in 2023 and Beyond? appeared first on CoinJournal.

• Cryptocurrency prices were mixed, with key coins like Bitcoin moving sideways.

• Meme coins like Pepe and Floki Inu surged after their Binance listing.

Cryptocurrencies were relatively mixed this week as Bitcoin remained stubbornly below $30,000 and Ethereum below $2,000. Meme coins like Pepe and Floki Inu soared after being listed in Binance while Sui jumped and then dumped. This crypto price prediction will look at Tron, Optimism, and Stacks.

Tron price prediction

Tron price has been in a strong bullish trend in the past few days. It jumped to a high of $0.070, the highest point since February. On the four-hour chart, the coin has jumped above the 25-day and 50-day moving averages. It also moved above the important resistance point on $0.069, the highest point in March.

Therefore, it seems like the coin will continue rising in the coming days as buyers target the next key resistance point at $0.073, the highest level on February 20. This price is about 3.50% above the current level. A drop below the key support at $0.7070 will invalidate the bullish view.

How to buy Tron

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

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Binance.US

Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.

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Optimism price prediction

Optimism is one of the biggest layer-2 networks in the blockchain industry. It competes with other well-known blockchains like Arbitrum and Polygon. OP price has been in a steep sell-off this week as it dropped below the key support at $2.07, which was the lower side of the descending triangle pattern. It has also formed a head and shoulders pattern.

Optimism also remains below the 25-day and 50-day exponential moving averages and the support at $2, the lowest point on March 27. Therefore, it seems like bears have the momentum, which could see it crash to the next support at $1.80. The stop-loss of this trade is at $2.20.

Stacks price prediction

Stacks is a leading blockchain project that seeks to create a Bitcoin layer for smart contracts. It solves an important challenge in that Bitcoin does not have smart contract capabilities. As such, developers can build applications that take advantage of Bitcoin to handle transactions.

Stacks surged earlier this year after the launch of Bitcoin Ordinals. It jumped to a high of $1.314 and has now erased most of those gains to trade at $0.72. The coin remains below the 50-day moving average and the key support point at $0.78. 

The coin is slightly above the key support point at $0.6720. Therefore, the path of the least resistance for STX price is downwards, with the next key level to watch being at $0.60.

How to buy Stacks

Okcoin

Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. Okcoin’s mission is to help decentralize finance and level the economic playing field for everyone around the world. Serves 190+ countries with over 100K+ active traders and investors.

Buy STX with Okcoin today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy STX with Swapzone today

 

The post Crypto price predictions: Tron, Optimism, Stacks (STX) appeared first on CoinJournal.

• Metacade price has jumped by 275% from its all-time low.

• The token will benefit from a Fed pivot as US banks collapse.

• Technicals are supportive of the cryptocurrency.

Metacade (MCADE) price has done well since going public in April this year. In all, data compiled by Uniswap shows that the token has jumped by more than 275% from its all-time low, making it one of the best-performing cryptocurrencies in the world. Here are three reasons why Metacade price will likely continue soaring in the near term.

Macro events favor cryptocurrencies

The first main reason to invest in Metacade is that macro events seem to favor cryptocurrencies and other assets. On Wednesday, the Federal Reserve decided to hike interest rates by 0.25%, bringing them to about 5.25%. Analysts believe that the Fed has now ended its hiking cycle since there are signs that the American economy is slowing.

For example, GDP data published last week showed that the economy slowed down in A1. Further data showed that the manufacturing sector continued contracting in April this year. Retail sales have slowed as inflation remains stubbornly high.

Most importantly, the banking sector is at its biggest risk in years. On Monday, the FDIC seized First Republic Bank and sold it to JP Morgan, as we wrote here. Other banks are at a significant risk. For example, PacWest shares tumbled by over 50% on Thursday while Comerica and Western Alliance fell by double-digits. 

Therefore, it is hard to fathom the Fed continuing hiking rates in a period when banks are collapsing. As such, there is a likelihood that Metacade will and other altcoins will do well because of Bitcoin’s role as a safe haven.  In fact, Bitcoin and other major tokens have outperformed stocks this year.

Metacade important news

The other main reason to invest in Metacade is that there are some important news that could push the token higher. First, the number of MCADE holders has continued rising in the past few weeks. 

Data compiled by Etherscan shows that the number has jumped to 9,239, which is much higher than where it was last month. This is a sign that the token is gaining traction and that the number will get to 10k soon. The number of MCADE transfers has jumped to over 27,289.

Meanwhile, according to the Metacade white paper, the developers are working to get the token listed in more centralized exchanges. Already, the token has been listed in platforms like MEXC and BitMart. Other potential exchanges where the developers plan to list it are Binance and OKX. In most cases, cryptocurrencies tend to do well after a major exchange listing.

Further, the developers are working on the Metacade game, which is expected to be launched in the next few months. We expect that the game will do well, which will help the token gain traction in the next few months. Historically, crypto tokens tend to do well ahead of a major event.

Metacade technicals are supportive

The other main reason to invest in MCADE is that technicals are supportive. On the four-hour chart, we see that the Metacade price has been in a bullish trend in the past few weeks. As it rose, the token moved above the important resistance point at $0.034, the highest point on April 20th. It has now retested that price in what is known as a break and retest pattern.

Metacade is being supported by the 50-period moving average. Therefore, there is a likelihood that the token will bounce back as buyers target the all-time high of $0.045. A break above that level will see it jump to the next psychological level at $0.05.

The post 3 reasons to invest in Metacade after the 275% rally appeared first on CoinJournal.