Kategorie: Crypto Analysis

While crypto investing can produce significant percentage gains over a long-term timeframe, investors seeking quick gains at the top of prolonged rallies often see negative returns. The cryptocurrency market tends to fluctuate between maximum fear and maximum greed, with widespread bullish sentiment occasionally producing the inverse effect on the market.

Crypto investing has been rewarding recently, with new projects such as Metacade seeing major success during their early stages. Many participating in crypto investing are wondering whether prices will continue to rise or whether a correction is imminent, and what this might mean for promising new projects such as Metacade.

Crypto investing becomes overbearingly bullish. What could this mean for Metacade?

Sentiment has remained bullish in the cryptocurrency market as Bitcoin (BTC) recently broke through a critical psychological resistance level at $30,000. Shortly after, Ethereum (ETH) broke $2,000 and kickstarted calls for an alt season following a multi-month Bitcoin rally.

Alt seasons can be prime times to buy as crypto investing often produces significant returns during this period. However, it remains to be seen whether 2023 will have a fully-fledged alt season, as some leading tokens in the cryptocurrency market have yet to retest support.

The cryptocurrency market is filled with new altcoin opportunities, including the emergence of Metacade – a comprehensive GameFi platform that brings extensive earning capabilities to its community. The MCADE token has just been launched on UniSwap and Bitmart, which has generated excitement among the Web3 community.

The MCADE token presale was a major success, raising $16.4 million worth of investment to develop the blockchain arcade. Metacade has been one of the most exciting new platforms in the cryptocurrency GameFi market during 2023, as investors have strongly backed its expansive, community-based and futuristic Game-Fi vision.

Could MCADE reach $4 in 2025?

Crypto investing during a bear market can potentially produce major long-term returns, especially when purchasing promising new tokens such as MCADE. Whether or not the recent rally in the cryptocurrency markets continues, the MCADE token is widely considered to have vast potential for the future.

MCADE is fresh from a successful presale and two popular exchange listings in April 2023. The token can now be purchased on both Uniswap and Bitmart, which could boost overall demand for the project in the coming months and years.

Crypto price analysts have highlighted MCADE’s innate utility and deflationary tokenomics as reasons to be bullish. Some put the 2025 MCADE price prediction at $3.50 – a significant price increase from its current price of $0.039.

What is Metacade?

Metacade will become the largest on-chain arcade in Web3, offering a vast selection of different play-to-earn (P2E) arcade games that each has integrated earning potential for players. The project is a community-driven initiative built by gamers for gamers, which can help usher in a new era of gaming on the blockchain.

A core aim of the Metacade project is to create a central hub for blockchain gamers to enjoy. To do this, the platform brings several variations of the classic P2E mechanic. Metacade’s earning capabilities go beyond gaming to include Create2Earn, Compete2Earn, and Work2Earn.

How does MCADE work?

The MCADE token is used to pay rewards in the metaverse arcade. As well as this, Metacade is developing various DeFi services for crypto investing, including staking to earn a passive yield and voting privileges for the project’s governance proposals.

The metaverse arcade will contain the most extensive collection of Play2Earn arcade games on the blockchain. Gamers can play solo while progressing through infinite levels and trying to beat their high score while earning MCADE token rewards for their in-game achievements.

Competitive gamers can join paid entry tournaments through the Compete2Earn feature. These tournaments will have major prize pools paid in MCADE, which allows players to go head-to-head and test their skills for the chance to gain ultimate victory.

The community hub will reward content creators through Create2Earn. Community members can contribute to the platform in several ways, including posting game reviews, sharing crypto investing alpha, and interacting with other users’ posts. In return, MCADE tokens will be paid out to encourage continued participation.

Finally, Metacade will help crypto enthusiasts kickstart a career in blockchain through the Work2Earn mechanic. One element of Work2Earn is the crypto jobs board, which will advertise open positions at some of the hottest start-ups in Web3. Another is beta testing, where gamers can play brand new P2E games and earn rewards for providing feedback.

Metacade could help drive progress for play to earn gaming

The project aims to usher in a new era for the gaming cryptocurrency market by helping support new projects during the early stages of development. The Metagrants program will involve a voting process from the Metacade community, where the most in-demand titles are provided with early stage funding to help bring the game into the Metaverse arcade when it’s built.

Metacade supports developers and community members directly and unlocks the true power of decentralization. With generous rewards for gamers, a variety of additional earning mechanics, and supporting innovation in the space, Metacade could be a true gamechanger for play to earn.

Is MCADE worth buying?

Price analysts have highlighted Metacade’s fundamental solid characteristics as a good reason to be bullish for the future. GameFi has vast disruptive potential for the wider gaming industry, which is why GameFi crypto investing has produced over 100x gains for several of the leading projects in the cryptocurrency market.

Metacade combines the best elements of play-to-earn gaming with a sprawling, decentralized community. To learn more about how to buy MCADE, head over to the project’s website. The MCADE token is currently valued at $0.039 and may be the ideal addition to a long-term GameFi portfolio.

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

The post Optimistic Tone Lifts Cryptocurrency Market. Metacade, Post Presale, Holds Strong as It Lists on Exchanges appeared first on CoinJournal.

• Bitcoin Cash price has remained in a consolidation phase in the past few weeks.

• It remains significantly below the year-to-date high of $153.

• The Fed is expected to hike interest rates by 0.25% and point to a strategic pause. 

Bitcoin Cash price has moved sideways in May as the recent bullish momentum faded. The BCH coin was trading at $120, where it has been in the past few days. This price is below the year-to-date high of $152. 

Fed interest rate decision

BCH price continued consolidating as investors waited for the upcoming interest rate decision by the Federal Reserve. This will be an important decision because of the current state of the American economy. 

While the unemployment rate sits at a 50-year low, inflation remains stubbornly high while the manufacturing output has contracted for several straight months. Similarly, data published last week showed that the economic slowdown continued in Q1.

The other risk is that the commercial real estate industry is on the verge of collapse as interest rates rise and maturities near. Further, because of hybrid work and white-collar layoffs, many houses have high vacancy rates. 

Therefore, there is a possibility that the Federal Reserve will have a balancing act in its decision later today. Analysts believe that the bank will hike rates by 0.25% and then hint of a strategic pause. In a note, an analyst told Coindesk:

“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause.”

A dovish tone will be positive for Bitcoin Cash and other cryptocurrencies like Bitcoin, Cardano, and Solana. Historically, these coins tend to do well when the Fed has abandoned its hawkish tone. 

The other catalyst for Bitcoin Cash is the performance of regional bank stocks on Wednesday. Of companies like Western Alliance and PacWest continue crashing, it could incentivize more people to buy cryptocurrencies like BCH. 

Bitcoin Cash price prediction 

Is it safe to invest in Bitcoin Cash? The daily chart shows that the BCH price has been in a tight range in the past few weeks. It is consolidating at the 25-day and 50-day moving averages. The Awesome Oscillator has moved below the neutral point while the price is below the key resistance point at $153. Volume remains low. 

Therefore, the next price action of Bitcoin Cash will depend on the performance of regional bank stocks and the outcome of the Fed decision. The next key support and resistance levels to watch will be at $110 and $125.

How to buy Bitcoin Cash

eToro

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The post Bitcoin Cash price remains calm ahead of the Fed decision appeared first on CoinJournal.

• Bitcoin finds resistance at $30k
• The neckline of a head and shoulders pattern provides support
• The realized HODL ratio suggests investors may buy the dip

The main event of the trading day is the Federal Reserve meeting. Most market participants expect the Fed to hike the interest rate by another 25bp, but the key would be how it communicates its decision. 

A dovish rhetoric should be bearish for the US dollar and bullish for Bitcoin, whereas a hawkish one would weigh on Bitcoin as the dollar would rally. 

Ahead of the Fed’s decision, Bitcoin struggles at $30k. It found it difficult to overcome horizontal resistance, and it formed a possible head and shoulders pattern. 

While incomplete, it may lead to further weakness should the price drop below the pattern’s neckline. In such a case, buyers are likely to emerge in the $24k area, where previous resistance may provide support. 

Bitcoin chart by TradingView

The realized HODL ratio for Bitcoin favors buying future dips

Also called the RHODL ratio, it has a simple interpretation. The market was overheating whenever the ratio reached the red band, meaning that the bullish cycle was ending. 

Conversely, the bearish market ends whenever it reaches the green band and a bullish cycle should start. Bitcoin rallied at the beginning of 2023 as the RHODL ratio indicated the end of the bearish market. 

Hence, any dip as a result of today’s Federal Reserve decision should be bought as RHODL has a lot of room until reaching the red area.

The post Bitcoin price forecast ahead of the Federal Reserve meeting appeared first on CoinJournal.

• The Federal Reserve will conclude its two-day meeting on Wednesday.

• It comes as the US economy faces significant risks, including the collapse of regional banks.

• These events could be good catalysts for AltSignals (ASI).

The American economy is facing significant headwinds, which are helping Cryptocurrency prices are holding quite well as investors continue worrying about the American economy. As a result, Bitcoin has emerged as a safe haven as it sits close to its year-to-date high. Other coins like Ethereum, Litecoin, and Jasmy have done well. Similarly, investors are investing in token sales like AltSignals (ASI) in their hunt for the next big thing.

Risks to the American economy

The American economy is facing significant risks as it adjusts to the new normal of high-interest rates. Most of these challenges are all interrelated. The biggest risk to the economy is the banking sector, which has come under intense strain recently. On Monday, the FDIC seized First Republic Bank and then sold it to JP Morgan, the biggest bank in the country.

There are concerns that more banks could collapse in the coming months. On Tuesday, PacWest stock price plunged by more than 30%, meaning that it has fallen by over 70% in the past two months. Western Alliance and M&T Bank have all retreated. This is a sign that investors expect the banks to collapse soon.

The other risk is on the commercial real estate industry that is on the verge of collapse. The industry is dealing with high-interest rates, low occupancy rates, and upcoming debt maturities. Some of the worst-affected cities are San Francisco and New York. A collapse of these companies could also have an impact on the banking sector.

Meanwhile, there is also risk to a credit default in the US as Democrats and Republicans differ on raising the debt ceiling. In a warning this week, Janet Yellen said that the US government could run out of money on June 1. The US is also facing significant inflation risks.

Cryptocurrencies as a safe haven

Therefore, these challenges are good for cryptocurrencies for two main reasons. First, investors believe that Bitcoin is a safe haven, which is equivalent to a digital gold. This explains why Bitcoin has outperformed the Nasdaq 100 and S&P 500 indices this year. eGold has also done well as it sits closer to its all-time high. 

Second, these risks means that the Federal Reserve will likely go slow in its hiking path. Analysts expect that the Fed will start pivoting as soon as on Wednesday of this week. This pivot could mean pausing on rate hikes or delivering a rate hike and pointing to a pause. This pivot will be a positive thing for Bitcoin. Bitcoin tends to have a positive correlation with other altcoins like Ethereum and Solana. 

If this works out well, it means that Bitcoin could continue rising in the coming months. In a recent note, analysts at Bloomberg Intelligence and Standard Chartered said that Bitcoin could jump to over $100k in the next few months. A Standard Chartered analyst wrote:

“Against this backdrop, bitcoin has benefited from its status as a branded safe haven, a perceived relative store of value and a means of remittance. While BTC can trade well when risky assets suffer, correlations to the Nasdaq suggest that it should trade better if risky assets improve broadly.”

Implications for AltSignals

The implications of these Bitcoin bullish calls are positive for AltSignals (ASI) and other altcoins. For starters, AltSignals is a profitable company that provides signals to traders from around the world. Presently, the platform uses manual approaches like indicators to provide these trading signals. 

As part of their growth strategy, the developers hope to use both blockchain and artificial intelligence to provide the services. The blockchain section will be powered by the ASI token, which will be used for payments and governance.,

The AltSignals token sale has done well in the past few months. Developers have already raised $676k from investors in the first stage of the sale. One ASI is selling for about $0.015 and the amount is expected to jump in the second stage of the token sale.

Historically, cryptocurrencies tend to rally when Bitcoin is soaring. We have seen that in all the past bullish cycles. This also explains why meme coins like Pepe have soared recently, as we wrote here. ASI is better than Pepe since it has utility in that it is powering a profitable platform.

Is AltSignals a good investment?

I believe that investing in AltSignals presale is a good thing because of the utility that surrounds the platform. Also, I believe that we are in the early stages of a major bull run in the crypto industry as risks to the American economy remain and as the Fed starts pivoting.

However, there are always risks when investing in presales and in the crypto industry. Therefore, you should only allocate what you can afford to lose.    You can buy the AltSignals token here.

The post AltSignals (ASI) token could thrive as the US banking crisis escalates appeared first on CoinJournal.

Sui IOU price continued rising ahead of the project’s mainnet launch. According to CoinMarketCap, the token has jumped by more than 20% in the past 24 hours to $2.20. In all, the token has risen by over 23% in the past few days even as mainstream cryptocurrencies like Bitcoin and Ethereum retreated.

Sui mainnet launch ahead

Sui describes itself as a layer-1 platform that makes it possible for the developers to build decentralized applications (dApps). The blockchain has advanced features that has faster transaction costs, is elegant and easy to use, and has no defects in its design.

The biggest news this week will be the platform’s mainnet launch that is scheduled for Wednesday this week. This launch will come a few months after the network went through a few weeks of testing and validation.

Sui faces an uphill battle in the industry because of the competition in the sector. The biggest competition is from Ethereum, which has a stronger market share in the industry. It dominates other layer 1 networks like Avalanche, Solana, and Aptos among others.

Sui will also compete with other layer 2 networks like Optimism, Polygon, and Arbitrum. These layer-2 networks aim to improve the key challenges of Ethereum by boosting speeds and lowering transaction costs.

Justin Sun apology

The other important Sui news was an apology by Justin Sun, the founder of Tron and the de-factor CEO of Huobi, a leading exchange. In a statement, Sun said that he had agreed to refund $56 million to Binance after a token grab for the token.

In a statement on Monday, Changpeng Zhao of Binance said that he had warned Sun that the company would take action if he used the large amounts of SUI tokens from Binance Launchpool. He argued that Launchpool are meant as airdrops for retail investor not just a few whales. 

https://twitter.com/cz_binance/status/1652949031524376579

Therefore, focus among traders will be on how SUI will trade when the network’s mainnet launches and when the airdrop from Binance Launchpool happens. Like with most new tokens, I suspect that the SUI token price will pop on Wednesday and then pull back as insiders start taking some of their profits. 

The post SUI IOU price spikes ahead of Airdrop, mainnet launch appeared first on CoinJournal.