Kategorie: Crypto Analysis

Gala token jumped sharply on Tuesday after the developers announced a plan of a new airdrop. The token jumped to a high of $0.048, the highest level since March 19th. It has soared by more than 216% from the lowest level in January this year.

Gala airdrop upcoming

The main reason why GALA price jumped sharply is that the developers announced plans to launch an airdrop of the second version of the token. This airdrop will happen on a 1:1 basis to holders of the current version of the GALA token.

In a blog post, the developers explained the reason for this airdrop. They said that the token will be part of its upgrade of the broader ecosystem as it adopts to the Gala smart contracts on Ethereum. Some of the features of the new token are that it will be secure and more user-friendly. It will also introduce a burn mechanism. 

By introducing burning, the developers hope to reduce the overall volume of the tokens and create more value for holders. As part of this transition, the developers cautioned GALA holders that they must remove their tokens from liquidity pools or smart contracts before May 15th. The statement said:

“We envision a bright future for $GALA and the projects that will be built upon it. This new era for our GALA paves the way for a prosperous and thriving ecosystem that benefits all participants.”

Gala Games is one of the leading players in the blockchain industry. It is a gaming, metaverse, and non-fungible token (NFT) platform. Its primary service is that it enables developers to build and deploy games, which users can play in the ecosystem.

Gala Games is also working to launch its own smart chain, known as GalaChain, which will be more secure, faster, and cheaper.

Gala price prediction

The daily chart shows that the GALA token has been in a strong bullish trend in the past few days. It has jumped above the 25-day and 50-day moving averages. It also retested the key resistance point at $0.048, the highest point on March 18.

Therefore, there is a likelihood that the token will continue rising as buyers target the next key resistance point at $0.062, the highest point on January 27. A drop below the support at $0.043 will invalidate the bullish view.

How to buy GALA token

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 GALA with eToro today Disclaimer

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy GALA with Bitstamp today

The post Gala token jumps as focus shifts to the upcoming V2 airdrop appeared first on CoinJournal.

• Injective Protocol’s token has been one of the best performers this year.

• Oscillators like the RSI and Stochastic have become extremely overbought.

INJ, Injective Protocol’s native token, has continued soaring in the past few months as demand for the DeFi-focused network jumped. The token rose to a high of $9.67, the highest point since February 7 of this year. In all, the token has jumped by more than 736% from the lowest level in December. 

Why is Injective Protocol is soaring

Injective Protocol is a fast-growing platform that aims to change the finance industry. It is one of the few protocols that is designed to disrupt the financial sector. It does this by creating a platform where developers can build quality dApps in the financial industry. The platform has low transaction costs and faster speeds.

There are several reasons why the INJ crypto price has been in a strong bullish trend. First, the developers are now running a hackathon that is seeing tens of developers submit their projects. Winners will receive both funding and mentorship from a team of experienced venture capital firms.

The other important Injective news is that it will now be possible to liquid stake INJ tokens. Liquid staking is a technology that makes it possible for people to stake their tokens in an easy and decentralized manner. 

With liquid staking, users can withdraw their tokens before the maturity period. This staking is being made possible by Stride, a leading Lido DAO alternative for the Cosmos ecosystem. It has over $25 million in total value locked (TVL).

The vote of liquid staking has attracted 57% of token holders, with more than 99% of voters being in the affirmative. Injective has an APY of 16.2% this year while the number of bonded tokens has risen to over 35.2 million tokens.

The most recent INJ news was a new proposal that will help it amplify liquid staking by incentivizing stINJ pool on Astroport.

https://twitter.com/AltcoinPsycho/status/1647664708256690177

INJ price prediction

The daily chart shows that the INJ price has been in a strong bullish trend in the past few months. As it rose, the token managed to move above the key psychological levels of $8, $6, and $5. It has also jumped above all moving averages.

However, oscillators show that the token has become extremely overbought. Therefore, at this stage, a risk/reward analysis mean that it is a bit risky to invest in the token for now. As a result, there is a likelihood that it will pull back and retest the key support level at $4.91, which is about 46% below the current level.

How to buy Injective

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

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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 INJ with KuCoin today

The post Here’s why INJ price has soared and why it could dip by 46% appeared first on CoinJournal.

• Bitcoin’s YTD performance exceeds 80%
• Investors were betting on a pennant formation in March 
• The 28k level invalidates the bullish formation

Bitcoin price bounced from the 2022 lows right from the start of 2023. It rallied more than 80% just a few months.

But Bitcoin YTD performance is in danger if the market is not strong enough to push even higher. Investors bought Bitcoin in March and in the first half of April, hoping that Bitcoin price would reach the measured move of a pennant formation.

A pennant is a bullish continuation pattern. It is made of a consolidation that takes the form of a triangle, and before the consolidation, the market must rally.

It did.

Bitcoin chart by TradingView

A similar rally should follow after the bullish breakout from the triangle. Moreover, the price should reach the measured move, seen above in orange, in about the same time it took the market to rally until the triangle’s formation.

28k is the line in the sand for the pennant

A pennant signals “more of the same.” Because it is a bullish pattern, it signals more upside.

But its “beauty” is that it allows traders to incorporate the time element into the analysis. Whenever this is possible, traders have a competitive advantage. Not only do they have an idea about where the price should go, but also when it should reach that level.

The more time passes without the market reaching the measured move, the more likely it is that the pattern will be invalidated. Such an invalidation would occur if the price drops below the 28k area.

Summing up, Bitcoin’s YTD performance is in danger as time is ticking. A failure to hold above 30k brings the 28k invalidation level into focus.

The post Bitcoin’s YTD performance in danger should this pennant fail appeared first on CoinJournal.

Veteran crypto-critic Warren Buffett has entered crypto news again as his investment firm Berkshire Hathaway holds onto its $1.5 billion investment in Brazilian fintech giant Nubank.

Despite this holding, Warren Buffett released his annual letter outlining three reasons he believes crypto “will come to a very bad ending.” With trading signals platform AltSignals announcing the presale event for its native ASI coin, Buffett might indeed be skeptical of it, but  crypto investors might disagree – instead marking ASI as one of the best cryptos to invest in now.

Warren Buffett’s three reasons why crypto will die.

While it’s difficult to square Warren Buffett’s dismissal of crypto with Nubank continuing to allocate 1% of its net assets to Bitcoin (BTC), the veteran remains consistent in his mistrust of crypto. His recent annual letter outlined three reasons he’s against it:

1. Crypto has no unique value – Buffett prefers stocks in corporations that provide tangible cash flow and production.
2. He doesn’t believe crypto counts as money – Buffett has long contested BTC value, stating, “it does not meet the test of a currency. It is not a durable means of exchange, not a store of value.”
3. He doesn’t understand crypto – Buffett has admitted to not knowing much about crypto, hence not taking a trading position.

Crypto investors have disavowed Buffett’s advice on crypto for many years and continue to do so, with vast markets flourishing despite his statements. With AltSignals’ ASI presale generating momentum on trading forums and Telegram groups, here’s why many believe it’s one of the best cryptos to invest in this year.

What is AltSignals?

AltSignals is already one of the world’s leading providers of trading signals, building a community of more than 50,000 since launching in 2017. Its market-leading AltAlgo™ trading indicator tool has helped investors maximize profits on various financial trades, from daily crypto trades to Binance futures, from FOREX to CFD.

The success of AltSignals trading intel is illustrated by users increasing their holdings by 10X in Binance futures trading in 19 out of 32 months. Now, the platform is turning to artificial intelligence to enhance its outputs and create even better signals for its membership, using its ActualizeAI trading stack.

Actualize AI uses several AI technologies to take its already solid outputs and improve accuracy and quality. Its machine learning employs regressive pattern recognition to signals, allowing a rules-based logic to be applied, resulting in much better predictions. 

Meanwhile, predictive modeling applies historical trading data trends to the outputs, enabling more accurate predictions based on how markets have performed in the past. Once reinforcement learning is used on the final results, ActualizeAI’s signals further provide its community with a fully balanced risk/reward ratio on every trade.

How does ASI work?

The ASI token release will support the development of the ActualizeAI trading stack alongside supporting the entire AltSignals ecosystem. ASI will be used as the medium of exchange on AltSignals, enabling transactions and unlocking valuable access to help investors on their trading journeys.

All ASI coin holders immediately unlock access to ActualizeAI-powered signals while also having the opportunity to join the AI Members Club. These members will be able to gain crypto rewards for beta testing new features and products while benefiting from exclusive access to the most exciting and lucrative private presale and public sale opportunities.

As well as delivering excellent utility to coin holders, the ASI coin also looks to become a valuable governance coin, providing all holders with voting rights to determine the future direction of AltSignals.

How high can ASI go in 2023?

Investors are incredibly excited by the potential of the ASI coin, mainly due to its early adoption of AI technology fused with the extensive trading possibilities. A significant level of embedded utility and deflationary tokenomics looks set to attract an even bigger audience, increasing demand for ASI as the results of its AI are realized.

With this in mind, experts across the board believe that the potential of the ASI coin could drive it beyond the $1 barrier before the end of 2023, making it one of the best cryptos to invest in this year. This would represent a 40x increase from the final presale price of $0.02274 and an even greater return for investors that reserve their ASI tokens in the Stage 1 round at the knockdown price of $0.015.

Is ASI a good investment?

The likelihood is that Warren Buffett would view the ASI presale with the same level of contradictory dismissiveness as he has all crypto projects up to this point. Crypto investors can remain undeterred, however, and look to AltSignals’ presale over the coming weeks and months to maximize their investment potential, reserving tokens at the lowest possible price.

With the backing of an established existing project, a vast user base, and one of the first blockchain projects to harness the art of what’s achievable with AI in the real world, the sky’s the limit for ASI. It is probably one of the best crypto tokens this year, with potentially enormous returns for presale investors.

You can participate in the ASI presale here 

The post Warren Buffett Enters Crypto News Again. What Would He Say About AltSignals’ Presale? appeared first on CoinJournal.

Many traders spend plenty of time worrying about trading strategies, but portfolio management is equally important. Without proper management, your investments could end up in hot water with substantial losses.

A lot of this comes down to due diligence and human error, as the crypto market can be a tricky place to navigate. However, this doesn’t always have to be the case, as AltSignals aims to support investors’ trading calls with the help of stellar analysis and AI.

Why AltSignals’ ASI token is an excellent investment opportunity

You don’t have to worry about investment opportunities and upside potential regarding the ASI token. Currently, traders can take advantage of AltAlgo™, which considers 34 different signal filters. Their signals are known for delivering a 64% success rate, and they plan to increase this number with the help of new technology.

The ASI token’s roadmap looks bright, especially considering the future implementation of its new artificial intelligence layer, ActualizeAI, which is in development. Not only will this tech do wonders for trading signals, but it’ll make portfolio management much easier for everyday traders.

The multi-step process of AltSignals’ ActualizeAI algorithm will include the following:

• Machine learning
• Natural language processing (NLP)
• Predictive modeling
• Sentiment Analysis
• Reinforcement learning

This process is paramount for the success of ActualizeAI, and it’ll come with much higher success rates for AltSignals’ trading signals.

How the ASI token may rise by 2,100%

That number might be hard to believe, but it’s entirely possible. AltSignals is still working through its presale, but many investors and analysts consider them one of the best investments of 2023. It’s pretty clear why, as they offer promising benefits and technology for traders, and their price is projected to skyrocket throughout the year, according to some analysts.

Several industry experts feel that AltSignals’ ActualizeAI algorithm could be groundbreaking for the industry and generate substantial investor interest. Some analysts believe the ASI token could jump by roughly 2,100%, which would land the token at around $0.50. Considering how affordable ASI is in the presale, investors may feel that taking a chance on it is a pretty good gamble. AltSignals is currently very useful in helping with portfolio management and will be even more so after the new AI developments are integrated into the system via ActualizeAI. Taking advantage of the ASI presale is your best approach, as waiting will only limit your chance at a steep return.

What is the ASI token, and how does it work?

It’s good to dive into what sets it apart from other cryptocurrencies. The primary purpose of the token is to give token holders access to the AltSignals AI Ecosystem. However, many ASI tokens you hold will directly correlate to how much access you have to this ecosystem.

The token utility is one of the most significant selling points, as ASI has numerous benefits for traders. You can find a brief list of what the token’s utility has to offer below.

• ActualizeAI: An AI stack aimed at supercharging the performance of their algorithm
• AI-powered products: A suite of AI-powered products for ASI token holders
• AI Members Club: Accrue ASI tokens for contributing to product development and more
• Presale opportunities: Offers opportunities to token holders through sentiment analysis
• Trading tournaments: Allows traders to compete against each other to win prizes
• Community governance: The decision-making lies in the hands of the token holders

These benefits allow traders to grow their portfolios in more ways than one while taking advantage of curated trading signals. You can see why many traders, analysts, and crypto enthusiasts consider ASI one of the best potential investments.

How ASI intends to change the industry

Aside from the benefits of helping to develop new AI technology, a few aspects of AltSignals’ ASI token stand out from many others in the market. Overall, AltSignals aims to provide one of the best utility tokens you can find that also comes with sizable upside potential.

The ASI token will revolutionize the industry through the following benefits:

• Live market/social sentiment analysis
• Improved portfolio management
• Curated trading signals
• Backtesting
• Social trading
• Community involvement
• Listing alerts

These core benefits are not commonly found among even the most popular cryptocurrencies. AltSignals is building a unique ecosystem with the trader’s portfolio in mind so that everyday investors can succeed in the market. On top of that, holding ASI tokens will come with an anticipated generous return, making it one of the best investments you could make this year.

Is ASI worth buying?

With the information provided in this article and everything it has on its website, investing in ASI should be a no-brainer. This is especially true when you consider ASI is currently sitting at $0.015 and will quickly rise.

There’s plenty of reason to be excited for AltSignals’ roadmap, as their implementation of ActualizeAI will change the game in crypto trading. Whether you’ve heard of them before, or are just coming across AltSignals for the first time, consider participating in the ASI pre-sale before it’s too late.

You can participate in the AltSignals presale here.

The post The Evolution of Portfolio Management: ASI Token’s Impact on Crypto Investment Strategies appeared first on CoinJournal.