Kategorie: Crypto Analysis

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.

Buy DOGE with eToro today Disclaimer

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.

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

As the adoption of Web3 technology accelerates across industries, the gaming sector has emerged as a frontrunner in embracing the paradigm shift, revealing immense potential for innovation and growth. Metacade, a hugely promising GameFi project, has captured the attention of those looking to invest in crypto with its unique play-to-earn (P2E) ecosystem and compelling vision for the future of gaming. Riding on the wave of enthusiasm surrounding the project, Metacade has successfully raised $16.35m in its presale event, showcasing the confidence and support of its burgeoning community.

In a major announcement that has further fueled the excitement around this high-potential project, Metacade has revealed its upcoming debut on the renowned Bitmart Exchange. This development not only highlights the growing interest in Metacade as a solid investment choice but also signifies a crucial milestone in the project’s journey to becoming an influential player in the rapidly evolving world of GameFi and Web3 technology.

Will MCADE see significant increases in price this year?

As optimism surrounding the GameFi sector continues to grow, the Metacade project has captured the attention of experts who are eager to evaluate if MCADE can reach a significant price range of between $0.90 and $1.20 by the end of 2023 and into the following year.

Metacade’s diverse gaming experiences offer it a competitive advantage in determining its potential market cap, with its vast total addressable market indicating that the platform’s user base could see exponential growth as the platform begins to come online later this year.

The platform’s array of incentives for user retention—especially for non-gaming activities—and its consistently improving user experience supported by robust reward systems suggests that the demand for utility token MCADE could increase dramatically in the near future. This positions it at the heart of GameFi, and could drive massive returns for investors as a result.

To reach a value between $0.90 and $1.20 for MCADE, a market cap of between $1.8 billion and $2.4 billion would be necessary. Considering the enticing tokenomics and the emergence of regulations that provide clarity for institutional investors (allowing them to enter the crypto market more aggressively), many experts believe that achieving this price range by the end of 2023 is entirely plausible.

With the announcement of Metacade’s debut on the prominent Bitmart Exchange, the project also looks set to gain even greater visibility and attract more of those looking to invest in crypto. Given the strong potential of the project in the burgeoning GameFi sector, reaching a price in its target range by the end of 2023 seems within reach, making Metacade an exciting investment opportunity for those looking to capitalize on the rapidly evolving world of GameFi.

What is Metacade?

Metacade is set to disrupt the gaming industry by creating the most extensive play-to-earn (P2E) arcade in existence, positioning itself as a key player in the rapidly growing GameFi sector. Metacade’s ambitious plans have captured the attention of gamers and the entire industry, thanks to its innovative rewards system that allows users to earn income not only by playing games but also through contributing to the platform in various ways, such as sharing alpha or writing game reviews.

The project’s native token, MCADE, could present a significant opportunity for investors, as its extensive utility within the platform combined with its limited supply and attractive presale prices have contributed to the impressive $16.35m raised in a very short period of time.

How does MCADE work?

MCADE, the native token of the Metacade ecosystem, serves as the driving force behind the platform’s various functions, including the rewards system and facilitating value exchanges throughout the platform — such as entering tournaments or purchasing in-game items. This high level of utility ensures a consistent demand for the token as more users join the platform, creating a great deal of demand and potentially driving its value upward.

In addition to its utility, MCADE offers staking options for token holders, enabling them to earn passive income through stablecoin rewards. This approach not only provides investors with a way to generate returns on their investment but also poses no risk to the circulating supply of MCADE as rewards are issued in stablecoins, reflecting the project’s commitment to creating a sustainable and investor-friendly ecosystem.

Is MCADE a good investment?

As Metacade’s incredible journey continues to unfold, its recent success in raising $16.35m in its presale event and the announcement of its upcoming debut on the prestigious Bitmart Exchange demonstrates the immense potential of this GameFi project. With an innovative P2E ecosystem and a strong vision for the future of gaming, Metacade is well-positioned to make a significant impact in the rapidly evolving world of Web3 technology and decentralized gaming.

The excitement surrounding Metacade as a promising investment opportunity is palpable, and its listing on Bitmart Exchange is poised to further enhance its visibility and credibility in the eyes of both retail and institutional investors. As the GameFi sector continues to expand and mature, Metacade’s unique approach to blending gaming, blockchain, and Web3 technologies has the potential to reshape the gaming landscape for years to come.

The Metacade project stands as a testament to the power of innovation and collaboration in the age of Web3 technology. As it embarks on this exciting new chapter with its debut on Bitmart Exchange, Metacade is undeniably a project to watch closely, offering investors an incredible opportunity to be a part of a groundbreaking movement in the gaming industry that could deliver huge profits.

You can buy Metacade here.

The post After Raising $16.35m In Its Presale Event, Metacade Announces Debut on Bitmart Exchange appeared first on CoinJournal.

Jasmy price drifted upwards on Wednesday as cryptocurrencies attempted to bounce back. The token jumped to a high of $0.0054, the highest point since March 14. It has bounced back by 20% from the lowest point in March.

Latest JasmyCoin news?

The most recent Jasmy news came in earlier this month when the developers announced a list of developers who will receive its grants. The developers received applications of over 100 creators and shortlisted the 6 most promising ones. 

In a statement, the developers noted that JVP Protocol, Clic, Pedao, Metas, Connected2Me, and Mars Search will compete for the funds. These dApps are all diverse. 

For example, Mars Search is a Web3 search engine that provides users with vertical content. It is similar to other popular search engines, with the main difference being that it focuses on crypto content. A search on Trump shows results on associated NFTs.

🎉 Thrilled to announce that the first shortlisted of the #JasmyGrant Program is here now!!

After careful discussions, a total of 6 outstanding projects have been selected for the Grant pool

You can vote for the project you like: https://t.co/uQBNKp3DMRhttps://t.co/GB0dXPhEbv

— Jasmy Grant (@JasmyGrant) April 1, 2023

On the other hand, Pedaoisan NFT mortgage and loan agreement platform uses a mode known as peer-to-pool. The idea is that users can use it to obtain loans by mortgaging their non-fungible tokens. JVP Protocol is a governance aggregator that aims to maximize users’ rewards and aggregate governance behind the JVP token.

The Jasmy grant program hopes to grow the network’s ecosystem as it seeks to compete with other popular chains like Ethereum, Solana, Cardano, and Polkadot. In the past few months, more developers like Algorand and Avalanche has unveiled their grant programs in a bid to grow their networks and attract more developers. Jasmy’s grant program has a cap of $2 million.

According to the grant’s website, most users have voted for JVP Protocol, which has received 10010 upvotes. Clik has just 20 upvotes while the rest have none.

Jasmy Coin price prediction

Jasmy chart by TradingView

The daily chart shows that the Jasmy price has been in a tight range in the past few days. In this period, it has managed to move from a low of $0.0043 to a high of $0.0054. It has managed to move above the 50-period moving average while the Relative Strength Index has drifted upwards. 

Therefore, it seems like Jasmy has botttomed, which will likely see it rise to the next key resistance point at $0.0065. A move below the support at $0.0043 will signal that bears have prevailed. This will in turn push it to the next support at $0.0040.

How to buy JASMY

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

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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.

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