Kategorie: Crypto Analysis

BIT price continued its bearish run on Thursday as focus shifted to the upcoming token unlock. BitDAO’s coin retreated to a low of $0.5073, which was about 21% below the highest level this year. It has also pulled back as the enthusiasm of Mantle’s launch fades.

BitDAO token unlock

One of the biggest cryptocurrency news will be the upcoming token unlocks in the ecosystem. Data compiled by TokenUnlocks shows that there will be tokens worth $95 million that will be unlocked in the next five days. This is an important development considering that token unlocks tend to be bearish for a cryptocurrency. 

The idea behind this is simple since when you increase the amount of tokens in circulation, you tend to dilute existing holders. This dilution is so severe such that dYdX decided to postpone a major unlock event that would have put pressure on the token.

Data shows that the number of BIT tokens that are still locked is falling. 31% of all tokens or 7 1.52 billion are still locked while 7 billion of them are unlocked. According to its schedule, the current batch of tokens will finish being unlocked in September 2024.

For starters, BitDAO is a decentralized platform that makes it possible for people to build dApps. It is a decentralized autonomous organization (DAO) that has over $2.4 billion in assets. It then uses these assets to provide funding to promising developers.

Most of these funds are in the form of BitDAO followed by Ethereum, USD Coin, and Tether. A small amount of the funds are in FTX Token (FTT). 

BIT price has also declined as the hype surrounding Mantle wanes. Mantle is a new layer-2 network that was launched last month. It has similar features to other layer-2 networks like Polygon, Arbitrum, and Optimism.

BIT price prediction

The 4H chart shows that the BIT price has been in a strong bearish trend in the past few weeks. It has crashed below the lower side of the ascending channel shown in black. At the same time, the pair has dropped below the 50-day and 25-day moving averages. The MACD remains below the neutral level. 

Therefore, BitDAO price will likely continue falling as sellers target the next key support level at $0.45. A move above the resistance at $0.5280 will invalidate the bearish view.

How to invest in BitDAO

As BIT is such a new asset, it’s yet to be listed on major exchanges. You can still purchase BIT using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy BIT right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for BIT

Now that you’re connected, you’ll be able to swap for 100s of coins including BIT.

The post BIT price recoils as BitDAO prepares for a $95M token unlock appeared first on CoinJournal.

The beginning of 2023 saw further positive signs of improvement for crypto markets, which have had to endure a prolonged period of red candles for most of 2022. A spattering of green has produced some positive sentiment across the wider industry, although judging by certain price movements and the crypto news over recent weeks, the market is seeing signs of a plateau.

While the markets can change faster than crypto news can keep up, one thing that crypto news sites have all been in agreement on is the flood of ferocious interest, focused intensely on the presale of a disruptive new project called Metacade.

This project has been turning heads across the entire crypto scene, in no small part thanks to the revolutionary plans laid out in its recently released whitepaper. Metacade’s remarkable strategy could see it taking a leading role in the explosive development of GameFi expected over the next few years, delivering huge returns for holders of its utility token, MCADE.

Metacade: potentially one of the best crypto to invest in now

Seasoned investors appreciate that the best time to get in on a project, to generate huge returns that everyone dreams of, is in its early presale stages. By acquiring tokens as early as possible, investors can capitalize on significant growth, and it’s well understood now that these opportunities can turn into incredible gains.

It’s exceedingly rare to be able to invest early in a project with such high potential, but Metacade is clearly a project which falls into this category. It certainly explains why the project has seen incredibly heated presale action, already raising an unprecedented $9.4m in just the first 15 weeks, with the presale now on stage 6.

With GameFi bringing all of the benefits of decentralized finance (DeFi) to the $200 billion gaming market, Metacade has a potential total addressable market (TAM) of 3 billion gamers worldwide — a number of target customers that most projects can only dream of.

Can MCADE reach $5 in 2025?

With the amazing potential of the project established, many are now looking at just how high MCADE could reach. With many projects in the GameFi arena already having posted strong performance, they can offer some guidance as to a floor price for the future of MCADE.

Looking back to the cryptocurrency prices at the height of the 2021 bull run, GameFi project Axie Infinity reached a market cap of around $10 billion. Metacade seems set to comfortably exceed the performance of the Axie Infinity ecosystem, and with the MCADE token benefiting from just 2 billion tokens in its supply, this would result in an MCADE price of $5.

Of course, MCADE could go even further than this, but as a $5 MCADE represents a 250x from the end of presale price, this could still mean unbelievable returns for investors savvy enough to get in early.

What is Metacade?

Metacade is an incredible new project that is putting itself at the heart of the GameFi revolution. The Metacade team has outlined its plans to construct the biggest play-to-earn arcade of its kind, which could have a huge impact on the way that people game.

The project has a robust rewards system that rewards players for enjoying games of all types, regardless of whether their preferred playstyle is casual or more competitive. The platform also benefits from a number of smart design choices, such as the extension of rewards to non-playing activities that benefit the ecosystem. In creating these systems, many believe that Metacade should see consistently strong user growth over time.

The project uses a utility token called MCADE to enable its ecosystem, with the token acting as the currency for all exchanges of value across the platform, as well as having a number of practical use cases.

Metacade could be an incredible investment choice

The coming years are likely to represent an extended period where Metacade begins to lead the crypto market and dominate crypto news. Its projected user base is expected to be massive, and once the platform goes live later in the year, there will be substantial demand to drive up the token price. This, coupled with the investor-friendly tokenomics and staking options, means that Metacade is incredibly well-positioned in order to capitalize on its vision.

Those users who are able to get hold of MCADE during its frenzied presale (with now only 3 stages remaining) are likely to have an exciting year ahead of them in the world of cryptocurrency prices. With more and more investors realizing the platform’s incredible potential, the presale is all but guaranteed to sell out sooner than later. 

You can participate in the MCADE presale here.

The post Crypto News Shows Broader Market Stall, But Investors Are Still Swarming To Metacade appeared first on CoinJournal.

Crypto ICOs and presales are some of the most lucrative investment opportunities around. Early adopters of promising crypto projects can often enjoy major investment gains, making finding the next 100x gem a rewarding endeavor.

Here are some of the best new crypto ICOs and presales that are launching right now:

• Metacade (MCADE)
• Brigade Thugs (BTHG)
• Artyfact (ARTY)
• Metablaze (MBLZ)
• Fancythattoken (FNCY)
• EstateX (ESX)
• Mr Bob Token (MRBOB)

1. Metacade (MCADE)

Metacade is one of the best ICOs to buy now. The platform combines casual and competitive gameplay to deliver a comprehensive GameFi experience. The number of different play-to-earn games in the Metacade makes it the biggest on-chain arcade, with each gaming experience offering its users the best new ICO game mechanics.

As well as this, Metacade also offers a social hub for Web3 users. The social hub offers additional earning mechanics beyond the best new crypto games in the Metacade, including Create2Earn, Compete2Earn, and Work2Earn. The focus Metacade gives to building its social aspect makes it one of the best new ICOs to buy now.

Create2Earn is one of the best features planned for the project. Metacade will reward content creators with MCADE tokens for sharing alpha, posting game reviews, and interacting with other users’ posts in the Metacade. This incentivizes GameFi knowledge-sharing in the Metacade and helps to boost the community spirit on the platform.

And finally, the MCADE token is one of the best ICOs for 2023 because it creates new job opportunities for users through the Work2Earn mechanic. This will connect crypto enthusiasts to paid work in Web3, ranging from part-time to full-time positions. Without a doubt, Metacade is right up there with the best cryptos to buy now.

2. Brigade Thugs (BTHG)

Like Metacade, Brigade Thugs aims to deliver a vast GameFi experience, which is a reason the project is one of the best ICOs to buy now. This play-to-earn combat game offers a variety of standout features including integrated financial rewards and seemingly endless NFT customizable options.

Gamers can explore the vast world and complete quests while earning financial rewards for their progress. Brigade Thugs is a battle game at its core, meaning that users can team up and fight it out against enemy tribes that threaten their in-game settlement.

BTHG has recently started its token presale, which gives early-stage crypto investors a rare chance to get involved in one of the best new ICOs before it takes off. The platform is ready to become a popular title in the GameFi sector, offering dynamic gameplay, an in-depth plotline, and plenty of incentives to keep players playing for hours.

3. Artyfact (ARTY)

As GameFi continues to expand throughout the blockchain, Artyfact’s addictive gameplay and advanced graphics mean that it’s one of the best new ICO projects to invest in. Described as one of the earliest AAA game-quality projects to be released, Artyfact will deliver a ground-breaking playing experience over time.

By combining Unreal Engine 5 with Binance Smart Chain, Artyfact is able to support a hugely scalable and fully immersive gaming experience on the blockchain. The virtual world is home to many NFT collectible items for gamers to discover and unlock, with each one having ingrained financial value.

As one of the best cryptos to buy now, ARTY token remains in its earliest stage of investment. For long-term believers in the Artyfact project, this event could produce major returns. The game has a strong product-market fit and the ability to grow exponentially if it can deliver on its early promise for the future.

4. Metablaze (MBLZ)

The Metablaze platform provides a unique gaming experience bolstered by some of the most advanced blockchain capabilities, undoubtedly making it one of the best new ICOs to buy now.

With many innovative gameplay features and mechanics, Metablaze is sure to become one of the most beloved crypto games within its genre. At its core, Metablaze is an NFT collectible card game and a top contender for the best new ICOs to hit the market. As one of the best new crypto games, players can buy, sell and collect NFTs while generating a steady income stream through P2E mechanics.

Users can explore the open world to find treasure, battling against the environment or other players and completing challenges. As this new project stands to bring immense potential in the future, making the Metablaze presale one of the best new ICOs to invest in now.

5. Fancythattoken (FNCY)

The I Fancy That brand is now introducing Fancythattoken – a new token on the blockchain to facilitate digital asset payments. With FNCY, users can process transactions on the platform through a tailor-made cryptocurrency wallet and exchange that perfectly suits the business’ needs.

The release of FNCY comes with several blockchain services to give holders the best user experience possible, which is a key reason why it’s one of the best ICOs to buy now. The platform gives token buyers access to an expansive selection of real estate products offered by the brand, which range across several major industries.

The crypto wallet and integrated digital asset exchange provide an easy way for anyone to transact using decentralized technologies. On top of this, I Fancy That will launch a Visa debit card that allows users to spend their FNCY tokens in stores worldwide with both ease and low fees. As one of the best new ICOs running at the moment, the FNCY token presale is a fantastic investment opportunity.

6. EstateX (ESX)

EstateX is a revolutionary blockchain solution that opens the real estate market to interested parties worldwide. This fractal investment method allows users to purchase a part of many real buildings, with every listed property able to be bought, sold, and traded for a profit.

What’s more, the unique value of EstateX lies in the fact that it is an accessible entry point into the property ladder and equalizes access to real estate investment. For this reason, the ESX ICO is a promising investment opportunity that may produce major gains in years to come.

EstateX is one of the best new ICOs to buy now because it combines traditional real estate investment with brand-new technology and could capture a significant portion of the market. EstateX is the best new crypto to try out for anyone looking to trade tokenized real estate.

7. Mr Bob Token (MRBOB)

Mr Bob is a unique meme-inspired GameFi platform that combines the best elements of blockchain gaming and virtual reality technologies. As an expansive metaverse world, users can explore freely while making friends in Mr Bob and earning integrated financial rewards through play-to-earn mechanics.

As one of the best new ICOs being launched right now, Mr Bob delivers endless fun with advanced incentive structures. These kinds of projects have historically performed very well, which highlights Mr Bob’s potential as one of the best cryptos to buy now.

The MRBOB token is launching during a crypto presale event. These ICOs can be some of the most lucrative investment opportunities in Web3, and Mr Bob’s fun GameFi platform can help make any early participant some impressive gains. It’s certainly one of the best cryptos to buy now for anyone looking to diversify their investment portfolio with early-stage gems.

The best investment opportunity of the year?

Metacade is building the biggest on-chain arcade with the largest selection of P2E games on any crypto platform. As well as this, the project is helping to drive progress in GameFi by creating jobs for blockchain users and funding developers through the Metagrants program.

With such high long-term potential for the best new crypto project, the MCADE token presale is a no-brainer. The token launched at just $0.008 per token and will rise to $0.02 throughout the event. This gives investors a limited time only to get involved in the number one project on this list especially with the end of the presale in sight. 

You can participate in the Metacade presale here.

The post The 7 Best New ICOs To Buy in 2023 appeared first on CoinJournal.

• Voyager Digital token jumped to February highs. 

• The bankruptcy judge accepted that the company could be acquired by Binance.

• These gains could be temporary since there are other hurdles to the deal.

The Voyager Digital (VGX) price was the best-performing cryptocurrency on Wednesday after a legal victory by Binance, the biggest exchange in the world. VGX price soared to a high of $0.6150, the highest level since February 16. It has jumped by more than 86% from the lowest point this year.

Voyager Digital can be acquired

The main reason why the VGX token is soaring is the decision by a US court to allow the acquisition of the company by Binance US. The judge who is overseeing the bankruptcy proceedings said that Binance can go ahead with the $1 billion buyout. He overruled objections by the Securities and Exchange Commission (SEC). 

However, there is still a long way to go before the deal is completed since it will need to go other regulatory hurdles. The judge noted that most creditors were in favor of the deal. Voyager was in line to be acquired by FTX, a company that went bankrupt in November last year.

Still, there are many hurdles, including the fact that the SEC is still investigating Binance. In a report by the WSJ, Binance came up with a plan to mask its US operations. Binance US, worked in close collaboration with the main Binance. In a statement, Binance conceded that the two companies worked closely in their early days of the company.

Binance is not regulated in the US and has no headquarters. On the other hand, Binance US is regulated by the country and has thousands of American regulators.

The other hurdle for the Voyager acquisition deal is that FTX is claiming $445 million in a loan it made to Voyager Digital. This loan was made as the company attempted to emerge from bankruptcy. Another hurdle is that the SEC could accuse Voyager of offering VGX as a security without following due process.

VGX price prediction

VGX chart by TradingView

The VGX crypto price continued rising as investors focused on Voyager Digital’s acquisition. As it rose, the token rose above the key resistance level at $0.5592, the highest level on February 22. It has jumped above all moving averages while the MACD has moved above the neutral point. 

Therefore, Voyager will likely pull back in sync with other cryptocurrencies as the focus remains the Federal Reserve. Investors will also focus on the hindrance to the deal. If this happens, Voyager will likely retest the key support at $0.50.

How to buy Voyager Digital

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 VGX with Binance 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 VGX with Swapzone today

The post Is it safe to buy the Voyager Digital token (VGX) rally? appeared first on CoinJournal.

• Bitcoin price crashed last Friday as Silvergate Capital delayed filling a 10-K report 
• No bounce followed 
• For bulls to have a case, Bitcoin needs to hold support and break two resistance levels

Last Friday, Bitcoin price lost $1,400 on news that it delayed filling a 10-K report. The stock crashed over 30% and triggered massive selling in the cryptocurrency market.

Inevitably, Bitcoin price was hit, as doubts over Silvergate’s future scared investors in the cryptocurrency market. Investors, however, are used to Bitcoin’s volatility. For example, the price is down -47.5% in the last 12 months and up 32.74% YTD.

It means that the reaction to Silvergate’s announcement might be just part of the coin’s volatility. But the worrying fact is that the price did not bounce back as bulls would have wanted.

Curiously, Bitcoin led the stock market losses. It used to be the other way around – Bitcoin following the S&P 500 index’s price action, but now the roles changed.

While Bitcoin price dropped last Friday, the stock market continued its recent rally. The two diverged.

Only yesterday, stocks crashed too, as the Federal Reserve’s Chair, Jerome Powell, testified in front of the Senate on the monetary policy. He said that recent data favors a higher terminal rate; thus, more rate hikes are in the pipeline. As a result, stocks crashed, and the US dollar rallied.

When should bulls start buying Bitcoin?

Bitcoin may have rallied in 2023, but the recent price action is bearish. The market dropped after a contracting triangle acted as a reversal pattern in late February.

Next, a consolidation started, which resembles a bearish flag pattern. Silvergate’s stock price crash completed the pattern, as Bitcoin price reacted.

Will the neckline of an inverse head and shoulders pattern offer support?

BTCUSD chart by TradingView

If it does, then Bitcoin is still not out of the woods, as momentarily, bears are in control. For a bullish setup, Bitcoin price needs to do two things.

First, to break above the bearish trendline. But only that is not enough.

Second, it must climb above the previous lower high in the $24k area. Can it do that?

The only way to do so is for risk sentiment in financial markets to turn on. If that is the case, all eyes should be on the stock market as a bounce there would support Bitcoin’s rally.

On the flip side, a drop below the head of the inversed head and shoulders pattern would open the gates for further losses.

The post Is it safe to buy Bitcoin after Silvergate Capital’s stock price crash? appeared first on CoinJournal.