Kategorie: Crypto Analysis

Shiba Inu price plunged to the lowest point since January 19 as demand for cryptocurrencies waned and the enthusiasm of the Shibarium launch fell. SHIB retreated to a low of $0.000010, which was much lower than the year-to-date high of $0.000015. This means it has fallen by more than 31% from its highest level this year.  In this article, we will focus on technical analysis in a bid to predict the next moves in Shiba Inu.

Shiba Inu price prediction

The ongoing SHIB price sell-off started when the coin surged to a high of $0.000015, which was the highest level on August 17. It reached this level on February 4. Since then, Shiba Inu has retreated below several important support levels. The most recent support point to break was $0.0000116, the lowest point on February 9. It was also the neckline of the head and shoulders pattern.

SHIB has moved below the 50-day and 100-day moving averages, signaling that bears are still in control. Now, turning on the Murrey Math Lines, we see that the coin has moved below the bottom of the trading range and is now above the strong pivot and reverse level. 

Therefore, with sellers gaining momentum, I suspect that the coin willl move to the next ultimate support level at $0.0000090, which is about 18% below the current level. The stop-loss of this trade will be at the key resistance level at $0.000012, the major S/R level. 

For starters, Murrey Math Lines are mathematical concepts that are based on the Gann theory. This theory states that prices tend to trend and retrace in 1/8th intervals. In this case, the 0/8, 4/8, and 8/8 levels are usually points of strong support and resistance.

SHIB chart by TradingView

SHIB price forecast 4H

On the 4H chart, we see that the SHIB/USD price has been in a strong bearish trend in the past few days. The coin is sitting slightly above the key support level at $0.000010, which was the lowest point this year. It is also hovering slightly above the weak stop and reverse level. Like in the daily chart, the SHIB/USD  remains below all moving averages.

Therefore, the coin will likely have a bearish breakout as sellers target the next key support level at the $0.000010, which is the ultimate support level. 

How to buy Shiba Inu

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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.

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The post Shiba Inu Price Prediction: Murrey Math Lines appeared first on CoinJournal.

AltSignals has built up a 52,000 strong online community of traders, thanks to the huge levels of trust that the project has earned. By providing top-of-the-line trading signals across daily crypto, Binance futures, Forex, CFD and shares, the platform continues to enable access to market-beating trades, with more innovative trading tools in the pipeline.

The market is reacting with excitement to the announcement that AltSignals is now launching its brand-new ASI token presale. As a novel utility token, it will enable access to next-generation features across its platform, including the innovative and new ActualizeAI product — making it a potentially incredible investment opportunity for savvy investors while also serving to cement AltSignals’ position as a leader in the trading signals space.

What is AltSignals?

AltSignals offers a range of high-quality trading signals, having delivered over 3,700 signals to more than 52,000 users of the service to date. Traders can utilize the signals to acquire an edge over the competition, identifying opportunities early to capitalize on them and maximize their profits.

The next-generation feature that ASI gives access to is known as ActualizeAI, which leverages advanced natural language processing (NLP) and sentiment analysis techniques to provide the next evolution of premium trading signals. This tool will constantly scan streams of market data in order to provide real-time signal capabilities, giving investors the vital insight they need to create effective trades. 

How does AltSignals work?

The project has formulated its algorithms through careful analysis of both technical and fundamental data, while being further supported through the use of machine learning and AI to inspect and find patterns in the market models. These models search for recognizable trading opportunities within the data, creating signals which are then distributed to the platform’s users, pending subscription access. 

In tandem with the ASI presale will come the launch of the ActualizeAI Club. This group is a key part of the ASI proposition and allows users access to early releases of new versions of the algorithm, giving an incredible edge over the competition.

The ASI crypto presale is a huge opportunity

Many factors are driving interest in the ASI presale, and in order to appreciate the full benefits of ASI as a new crypto investment, here are five of the most impactful.

The size of the existing AltSignals community: With an established community of over 52,000 users, AltSignals already has a community ready and waiting for the release. This is a massive advantage over other projects and should greatly increase the potential for the ASI token.

Tool success rate: The AltSignals team have delivered spectacular results during the backtesting process of existing tools already, with ETH and BTC trades seeing a 70-83% success rate. This is evidence that the next level of AI-driven insights through ActualizeAI is likely to be even stronger.

Utility of the ASI token: The ASI token will be used heavily across the AltSignals platform and play a critical role in the ability of users to access certain areas of the platform, including the ActualizeAI insights, based on their holdings. This will create extra upward pressure on the ASI price as the AltSignals user base continues to grow.

Users rate AltSignals exceptionally highly: The Trustpilot score of AltSignals is an astonishing 4.9/5, driven by over 500 ‘Excellent’ ratings. This is illustrative of the amazing user experience offered, and having such strong reviews will be a catalyst for continued user growth over time.

Other income opportunities: The ActualizeAI Club is open to holders of ASI tokens and provides yet another means for income generation with members rewarded for feedback contributions. Members will also be given early access to new releases of the AI-driven software, giving users the chance to leverage the cutting-edge tools.

Is the ASI presale a good investment opportunity?

Everyone can appreciate that the biggest returns are secured by investors who buy into high-potential crypto projects as early as possible, allowing them to benefit from a rapid upward journey to a high market cap. 

Experts across crypto are seeing the ASI presale as a once-in-a-generation opportunity for huge profits making it no surprise to see it already raising $105k in just 2 days. Many have remarked just how rare it is for a project to launch a new crypto presale with a product that has already delivered hugely successful results. Combined with the very low ASI prices in the four presale stages, the offering represents a rare opportunity for potentially huge returns. 

With more and more investors and existing AltSignals users lining up to buy into the new crypto presale as early as they possibly can, those who are successful can enjoy a thrilling 2023 and beyond. 

You can participate in the ASI presale here.

The post 5 Reasons You Should Look into AltSignals’ New Token, ASI appeared first on CoinJournal.

Cryptocurrency prices plunged this week after Silvergate Capital postponed its annual report, pushing its stock price down by over 60%. Bitcoin plunged to $22,000 while Ethereum price retreated to about $1,565. Litecoin plunged to $88. In this article, we will look at the forecast of some of the top cryptocurrencies like EOS, IMX, and QuickSwap.

EOS price prediction

EOS was one of the best-performing blue-chip cryptocurrencies during the week. Its price jumped to a high of $1.3032, the highest level since September last year. On the daily chart, the coin moved above the important resistance point at $1.1586, the highest point on January 30th. It has also risen above the ascending trendline shown in red. 

EOS has also risen above the 25-day and 50-day moving averages. It has formed a small double-top pattern whose neckline is at $1.05. Therefore, there is a likelihood that the price will retreat sharply if there are not enough bulls to push it above the double-top level of $1.300. 

If this happens, EOS crypto price will drop and retest the key support at $1, which is about 20% below the current level. A move above the important resistance point at $1.30 will invalidate the bearish view.

EOS chart by TradingView

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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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Immutable X price prediction

IMX price had a strong week, helped by the upcoming Illuvium NFT collection launch. It was trading at $1.03, which was slightly above the important support level at $0.8960. On the daily chart, Immutable X has formed a cup and handle pattern, which is usually a bullish sign. 

It has also moved above the 25-day and 50-day moving averages while the MACD has formed a bearish divergence pattern. Therefore, the Immutable X price will likely have a bullish breakout as long as it is above the important support at $0.8367. A bigger bullish breakout will be confirmed if the price moves above the resistance at $1.3200.

IMX chart by TradingView

QuickSwap price prediction

QuickSwap is a decentralized exchange (DEX) that has over $161 million in assets. It handles over $40 million in daily volume, with the most active assets being Wrapped Ether. It is one of the biggest players in the Polygon ecosystem. 

On the daily chart, we see that QUICK price staged a strong recovery and reached a high of $137.08, the highest point since July last year. It has formed a bullish flag pattern and moved above the 25-day and 50-day moving averages. The MACD has formed a bearish crossover pattern. Therefore, the coin will likely have a bullish breakout in the coming days.

QUICK chart by TradingView

The post Crypto price predictions: EOS, Immutable X, QuickSwap appeared first on CoinJournal.

Crypto market investors are looking to put a rough 2022 behind them. With the first signs that the bear market might be easing, investment circles have been turning their attention to the process of identifying the next big thing to maximize their crypto returns this year and over the longer term.

While EOS has seen a significant fall since the highs of 2018, there are some who believe the project might now be in a position to climb back up the charts, and more than one EOS price prediction is reflecting this shift in sentiment.

A new and disruptive GameFi project, though, is really generating buzz across the investment world currently. Metacade is stealing the investment limelight, as those looking for profits jump into a red-hot presale in the hopes of securing their seat on the exciting ride awaiting its holders.

Metacade could lead the market revival as Presale Nears Sell Out

Metacade initially excited investors, thanks to its landmark whitepaper released in 2022. It defines a plan that could realistically see Metacade at the heart of the GameFi movement, one which many analysts are predicting to see explosive growth over the coming years.

This excitement has led to a massive crush on the project’s presale, with an astonishing $8.3m raised in just 14 weeks. Since then, the pace of interest has continued virtually unabated, as the total amount continues to increase, with the presale now in stage 5.

What is Metacade?

Metacade is a project of epic proportions, having laid out compelling plans to revolutionize gaming and transform the space. By creating a virtual P2E arcade, it’s aiming to set up a one-stop gaming destination for gamers to make the most out of their favorite hobby, with opportunities to earn an income in the process.

By building the largest play-to-earn (P2E) arcade on the planet, Metacade is putting the pieces in place to enable it to dominate the GameFi market for years to come. A strong community focus combined with lucrative rewards to help entice further growth, the platform looks well-placed to expand rapidly over 2023 and beyond.

How Metacade Works

Metacade is fueled by the MCADE token, which functions as the ecosystem’s currency. It is used across an extensive rewards system, which allows gamers to earn for playing games of all varieties. This means that regardless of whether gamers prefer solo campaigns, playing socially with friends, or trying their hand at beating the best the community has to offer in competitive tournaments, Metacade has them covered.

The MCADE token also supports staking, meaning that investors are heavily incentivized to hold for the long term. With a supply of just 2 billion and staking rewards paid out in stablecoins to avoid inflating the circulating supply, holders of the token have clearly been carefully considered when designing how the token functions across the platform. 

Can EOS reclaim its 2017 highs?

EOS has faced a painful few years, and while the project was once one of the darlings of the crypto market news, it has since lost the vast majority of the momentum it once had. With issues relating to banned addresses and ICO fraud settlements with the SEC, the project has destroyed much of its appeal, reflected in most EOS price predictions for a while now.

Some experts are now saying that they believe this is the perfect time for EOS to begin a slow climb back up to its previous highs, and if the project can start to regain some momentum, it could well see the price reflect an increased level of optimism.

Metacade Price Prediction

While the EOS price prediction is conservative, Metacade’s is anything but. As the project has releases planned for later in 2023, we can expect user growth to place a large amount of demand on the MCADE token. Based on the high appeal of the project, it is expected to drive the price of MCADE up by around 50x, all the way to $1 following its general release.

With user growth likely to continue for many years to come, a $7 MCADE in 2025, increasing to $15 by the end of 2030, seems like the minimum that most investors are expecting from the project. 

EOS Price Prediction

If the bottom is in for EOS, it certainly makes for a more positive EOS price prediction than it has seen in a while. Should the project be able to capture some of the enterprise use cases arriving on the market, 2023 could see the EOS token price rise to $2 as renewed interest hits.

If it can build on that momentum, we could see the EOS price continue to increase, reaching $4 by 2025 and perhaps even a lofty $10 by 2030.

Metacade appears to be a superior investment choice overall

While EOS may have some more positive times ahead of it than it has seen in the past, the returns are still very modest compared to the high potential for big gains represented by the Metacade project.

With a limited amount of MCADE available in the presale and ever-increasing exposure as its stages continue to sell out, it’s clear that the window for this potentially life-changing investment is sure to close in no time at all.

You can participate in the Metacade presale here.

The post Experts Optimistic About Metacade and EOS Price Predictions for 2023-2030 appeared first on CoinJournal.