Kategorie: Crypto Analysis

Solana price has made a strong bullish comeback in the past few days as investors focus on the great crypto comeback. SOL jumped to a high of $22.60, the highest level since March 23 of this year. It has soared by over 30% from the lowest level in March.

Crypto comeback continues

It is worth noting that Solana’s comeback has coincided with the return of the raging bull in the crypto industry. Overnight, Bitcoin surged above $30,000, as we wrote in this article.

The main driving force for this crypto rally is the feeling that the Federal Reserve is about to end its hiking cycle. Analysts believe that the bank will hike interest rates by 25 basis points in May and then maintain them at an elevated level for a while.

Some analysts expect that the bank will then start cutting interest rates later this year or in 2024. As a result, the change in monetary policy will send more people back to risky assets like cryptocurrencies and stocks.

The other reason why Solana and other cryptocurrencies are rising is the upcoming bank earnings season that will start on Friday. Expectations are that many large banks like Bank of America and JP Morgan had a good quarter as deposits rose.

However, for many regional banks, there is a likelihood that their businesses slowed after the collapse of Silicon Valley Bank and Signature Bank. During the banking crisis, we saw cryptocurrencies and gold do well as traders took them as safe havens.

Meanwhile, Solana seems to be gaining traction in the past few weeks. The most recent big news was that Render Network decided to migrate to the network. This is a notable event since Render is one of the top projects in the industry. Helium, a blockchain broadband project has also moved to Solana.

Solana’s DeFi ecosystem is also recovering. Its total value locked (TVL) in DeFi has risen to S14.1 million from its year-to-date low of S11.8 million.

Solana price prediction

The 4H chart shows that the SOL price has been in a bullish trend in the past few days. It managed to move above the important resistance at $21.66, the highest point since March 30th. The coin has jumped above the 25-period an 50-period moving averages while the MACD has jumped above the neutral point.

Therefore, there is a likelihood that the coin will continue rising as buyers target the next resistance level at $25.

How to buy Solana

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 SOL with eToro today Disclaimer

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.

Buy SOL with Binance today

The post Here’s why Solana price just made a bullish breakout appeared first on CoinJournal.

Chiliz price drifted sideways on Monday as the price of key fan token dropped sharply. The CHZ token was trading at $0.1297, where it has been in the past few days. This price is about 37% above the lowest level this year and ~26% above March’s low.

Fan token prices retreat

Chiliz is a leading platform in the blockchain industry. It is a unique platform in the entertainment and sports industry. Its primary platform is known as Socios, which helps people trade fan tokens of some of the biggest teams in the world.

Chiliz also provides a smart contract platform that makes it possible for teams to build fan tokens.Today, data compiled by Fan Market Cap shows that there are 82 fan tokens that have a combined market cap of more than $382 million.

In most periods, Chiliz tends to do well when fan tokens are rising. In the past few days, some fan tokens have done well, with OG’s token jumping by over 257%. Other top fan tokens like Manchester City and Alpine have risen by 16% and 51%, respectively in the past 7 days.

However, most of these tokens are some of the worst performers in the past 24 hours. OG price has dropped by 20% in the past 24 hours while Alpine, Arsenal, Inter Milan, and Atletico Madrid have dropped by double-digits in the same period. 

Another reason why the CHZ price is struggling is that the overall volume has dropped in the past few days. The token’s volume jumped to a high of 319.85 million on April 8, the highest level since February 22. This volume has dropped to ~83 million on Monday. 

Chiliz price prediction

So, is it worth it buy Chiliz? The daily chart shows that the CHZ price has been in a tight range in the past few days. This price is consolidating at the 50-day and 25-day moving averages. It has moved above the ascending trendline that connects the lowest level since June last year. The Relative Strength Index (RSI) has moved below the key level at 60.

Therefore, the token will likely remain in this range for a while and then retest the ascending trendline at $0.10. A move above the key resistance at $0.1432 will invalidate the bearish view.

How to buy Chiliz

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 CHZ 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 CHZ with Bitstamp today

The post Chiliz Price Recoils as JUV, Alpine, ATM, OG fan tokens slip appeared first on CoinJournal.

Cryptocurrency prices went nowhere this week as focus remained on the happenings in the United States, where data revealed that the economy was weakening. Bitcoin price remained in a consolidation phase even as the US dollar index (DXY) plunged. Ethereum was a major winner as its price approached $2,000. This coin price prediction will like at key coins like Casper, XRP, and Dogecoin.

Dogecoin price prediction

One of the biggest cryptocurrency news was the decision by Twitter to change its logo into Dogecoin’s logo. The move pushed both DOGE and other meme coin tokens sharply higher as investors pondered the next actions by Elon Musk. 

Dogecoin price soared to a high of $0.10, the highest point since December 5 last year. It then quickly unraveled and has dropped in the past four straight days. During this decline, the token moved below the important resistance level at $1, the highest point on February 4. 

DOGE remains above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the overbought level. Therefore, because of the RSI trend, I suspect that the coin will continue falling during the weekend as sellers target the key support level at $0.07. Still, we can’t rule out a situation where the coin bounces back as investors buy the dip.

How to buy Dogecoin

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.

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XRP price prediction

The XRP price has done well in the past few weeks as investors observe the Ripple vs SEC case. Expectations are that the case will end soon and that Rippple will prevail. Other analysts believe that the XRP price will do well regardless of how the case ends in the long run.

On the daily chart, we see that the Ripple price jumped to a high of $0.5861 in March, as we wrote here. The coin has now pulled back and retested the important support at $0.4932, the highest point on March 21st. This is known as a break and retest pattern, meaning that the coin will continue rising as buyers attempt to retest the year-to-date high of $0.58.

How to buy Ripple

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 XRP 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 XRP with Bitstamp today

Casper price prediction

The daily chart shows that the CSPR price has been in a slow bullish trend in the past few weeks. The token has been supported by the risng trendline shown in orange. It has moved above the 25-day and 50-day moving averages while the RSI has moved above the middle line of 50. 

Casper is also approaching the important resistance at $0.04623, the highest point on March 3 and February 7. Therefore, there is a likelihood that the coin will continue rising as buyers target the resistance at $0.046, which is about 12% above the current level.

How to buy Casper

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 CSPR with Swapzone today

BKEX

BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.

Buy CSPR with BKEX today

The post Crypto price predictions: Dogecoin, XRP, Casper Network appeared first on CoinJournal.

Crypto market news has been inundated in recent weeks with the easing of markets as the crypto bull run gains momentum. Nowhere has the improvement in conditions been felt more than in the GameFi sector, which continues to see impressive gains being posted among the big names in the crypto gaming sector.

However, the real crypto market good news story is that of play-to-earn (P2E) virtual gaming arcade, Metacade (MCADE), which exceeded expectations during its recent presale event, which raised $16.35m. MCADE is predicted to post impressive results when listed on leading crypto exchanges Uniswap and Bitmart in April 2023.

Metacade’s comprehensive earning mechanics are unrivaled within the GameFi sector, making it one of the most desirable investment opportunities as the crypto bull run revs up.

Everything you need to know about the MCADE crypto exchange listing

Metacade’s hugely successful token presale has generated enormous momentum among its early-stage investors which looks set to spill into the public consciousness as the token readies itself to be listed on leading crypto exchanges. The MCADE IDO is due to launch this week, with the token listing on UniSwap at $0.022.

This hotly-anticipated P2E platform combines some of the most addictive online gaming experiences to be found anywhere on the blockchain with a wide-ranging crypto rewards system that offers users unrivaled avenues to earn passive income online as they play.

In addition to the UniSwap listing on 6th April, the MCADE token will also be listed on Bitmart in April and MEXC in early May. These upcoming listings could produce ferocious buy action on the token, helping it illustrate its reputation as one of the top-performing new investments of 2023.

As the earliest presale investor got hold of MCADE tokens for the princely sum of $0.008, other investors got on board during the ICO at a higher price due to the speed with which demand spread during the presale event. With every round of the presale selling out entirely, the token’s scarcity upon listing, and the wildly attractive project plan, MACDE looks set to appreciate over the coming weeks and months to unprecedented levels.

How high will MCADE go this year?

The GameFi revolution continues to lead crypto market news headlines as the crypto bull run gains momentum. So Metacade has come at the right time to fully reap enormous dividends. The project has captured the attention of experts eager to see if MCADE can make good on its promise and surge toward the $1 barrier by the end of 2023.

The diverse gaming experience offered by the platform gives it a competitive advantage over other GameFi titles, which primarily rely on a single title or gameplay experience to attract fans. With an overall market cap of $2 billion required to drive MCADE to $1, it has plenty of work to do to achieve this milestone, but it would take a brave soul to bet against it happening.

This price potential is driven by the array of incentives available to drive user retention, particularly outside the traditional P2E sphere. As a result, its comprehensive rewards scheme is set to continually improve the user experience, likely leading to increased demand for MCADE as a utility token, even before it realizes its value as a governance coin.

What is Metacade?

Metacade is set to revolutionize the online gaming space by building the most extensive P2E virtual arcade, positioning itself as a vital member of the burgeoning GameFi sector. Metacade’s ambitious white paper sets out its objectives to build the largest online community of gaming enthusiasts and crypto fans thanks to its innovative rewards system that provides several opportunities for users to gain income, not only through gameplay but via token staking and socially interacting with the community.

The native MCADE token presents investors with an exciting and once-in-a-blue-moon opportunity thanks to its extensive utility, outstanding tokenomics, and fixed limited supply set to push the price of MCADE higher very quickly.

How does MCADE work?

MCADE is the native token of the Metacade ecosystem and is the fuel behind the platform’s various and wide-ranging functions. As well as providing the medium of exchange throughout the platform, MCADE powers the rewards system. This vast level of utility ensures that the demand for tokens will remain consistent as the user base joins the platform, potentially reaching the point where supply is outstripped.

In addition to the high utility offered by MCADE, it also powers one of the platform’s most attractive and innovative features, Metagrants. This scheme allows developers to apply for crypto funding to support the development of new titles exclusively for Metacade. Each submission goes into a pool before being released to the MCADE community for voting. The titles that gain the most votes go into production with the aid of crypto funding to support the ventures.

This contributes to user retention thanks to the regular evolutionary nature of exciting new titles while ensuring members feel fully engaged with the platform’s ongoing development.

Is MCADE a good investment?

As the crypto bull run gathers pace and sets to make headlines in crypto market news, Metacade is brilliantly placed to continue its incredible and exciting journey. Its imminent release on two of the most well-known crypto exchanges could be the first step in MCADE entering orbit thanks to the backing of its innovative P2E ecosystem and impressive vision of the future of crypto gaming.

Metacade has already established itself as a testament to the power of innovation in the Web3 era. It looks set to continue as the project embarks on the next step of its exciting journey to become one of the most profitable crypto investment opportunities of 2023.

You can buy Metacade here.

The post Metacade Investment Soars to $16.35m As Crypto Bull Run Gains Momentum appeared first on CoinJournal.

EOS price has bounced back in the past few days as investors focus on the upcoming EVM integration and the potential business deal with Hong Kong. The coin jumped to a high of $1.23, which was higher than last week’s low of $0.90.

EVM launch and Hong Kong

The biggest EOS news was the decision by the developers to integrate Ethereum Virtual Machine (EVM) in the network. EVM is a piece of software that executes smart contracts in Ethereum’s network. It also computes the state of the Ethereum network after each block is added to the chain.

This is important for EOS because it means that dApps developed in its ecosystem will be compatible with those created in Ethereum. Ethereum is the biggest smart contract platform in the world. Therefore, this integration will suit developers and users.

This explains why other leading chains have launched their EVM platforms. In March, popular platforms like IOTA, Zilliqa, Filecoin, and Cardano are working towards integrating the EVM capabilities.

The other main reason why EOS price is rising is a tweet by Yves La Rose, the CEO of the EOS Foundation. In it, he said that he was traveling to Hong Kong for a nine-day business trip. He also hinted that he will speak with officials on how EOS can play a role in the economy. 

Heading to Hong Kong this weekend! 🇭🇰✈️

During my 9-day trip, I’ll be working out of the @EOSNFoundation’s HK office and attending 20+ events.

One of the focuses of my trip is to collaborate with HK government officials to determine how $EOS can play a key role in their future.

— Yves La Rose (@BigBeardSamurai) April 5, 2023

The biggest risk for EOS is that its ecosystem is still small despite the fact that the developers raised over $4 billion in their Initial Coin Offering (ICO). Also, competition in the industry has grown, with some of the biggest names being Polkadot and Avalanche.

EOS price forecast

The daily chart shows that the EOS crypto price has been in a strong bullish trend in the past few days. In this period, the coin has moved above the 50-day and 25-day moving averages. The coin has formed a cup and handle pattern, which is usually a bullish signal. It has also formed a rising wedge pattern, which is usually a bearish sign.

Therefore, the outlook of the coin is a bit mixed at this point. A bullish view will only be confirmed if the coin manages to move above the key resistance at $1.3362, thee highest point on March 3. A drop below the support at $1.10 will invalidate the bullish view,

How to buy EOS

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 EOS with eToro today Disclaimer

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.

Buy EOS with Binance today

The post EOS price is bouncing back: here are the possible reasons appeared first on CoinJournal.