Kategorie: Crypto Analysis

The blockchain gaming space is proliferating, as more and more investors gravitate toward the possibilities on offer in the metaverse. The rich potential offered by expansive virtual worlds and integrated play-to-earn (P2E) earning mechanisms has created some of the best crypto opportunities found in the GameFi space. Metacade’s plans to become the biggest online arcade in the world are helping this brand-new platform become a potentially valuable gem.

Even as blockchain gaming grows, Metacade’s unique capabilities make the hub stand out from its competitors. Here’s why it’s proving such a hit with investors.

Metacade is a P2E gaming pioneer

Following the launch of Metacade’s MCADE token presale event recently, investors are becoming increasingly excited about the online arcade’s prospects in the next few years. The presale has raised $7.6m in just 14 weeks, with strong forward momentum.

The hype surrounding Metacade is clearly justified, thanks to its vast upcoming range of online arcade games, alongside rich earning possibilities for users who can collect passive income as they play. With the increasing adoption of blockchain games threatening to disrupt the gaming industry, projects like Metacade are ideally placed to improve the user experience.

The GameFi sector is expected to reach a $40 billion valuation by 2025, although most GameFi titles are offering a single gaming experience to their gamers. Metacade will raise expectations through this diverse range of games and its unique additional earning streams outside the traditional play-to-earn (P2E) mechanics.

Can MCADE reach $1 in 2023?

When the MCADE presale ends, the token will be launched across centralized and decentralized exchanges, and MCADE coins will be available to the general public. The release of a fixed number of tokens on exchanges is expected to provoke a surge in demand, which will likely result in a steep price rise.

As word-of-mouth travels, marking out Metacade as the place to hunt out the best P2E blockchain games and gameplay experience, MCADE is again likely to explode in value. Many analysts believe that $1 is an achievable aim for MCADE, a barrier that would mark 50X returns from the deal at the end of the presale.

What is Metacade?

Metacade is the world’s first online arcade that will offer a community-driven approach across a vast array of GameFi and P2E games, with features stretching beyond just gaming. As well as a bursting compendium of online arcade games with integrated P2E mechanics, the community and broader Web3 ecosystem stand to benefit in several ways.

Metacade’s plans to build a burgeoning online community of blockchain game enthusiasts and Web3 aficionados will be greatly helped by their Create2Earn scheme, which rewards users that post social content on the hub. Interactions could range from game reviews to sharing alpha, passing on gaming tips to participating in live chats, and threads on Reddit-style sub-forums. Each useful interaction reaps a reward.

How does MCADE work?

Metacade’s reach extends to appeal to both the casual and seasoned competitive gamer. Whether a player wants to take on friends in a head-to-head duel or enter tournaments to take on the world, climb leaderboards and gain rewards, Metacade’s hub is shaping up to be the ideal place to go.

The hub also aims to become a central point for the larger Web3 community, appealing to the hottest talent to find the most exciting job opportunities in the industry. From 2024, Metacade’s hub will incorporate a job board to connect community members with part-time and full-time blockchain game job opportunities. In addition, their Work2Earn feature will see the posting of gig work, freelance roles, and beta-testing roles within Metacade with crypto rewards on offer.

Metacade: A blockchain game innovator

Arguably the jewel in the Metacade crown is its innovative Metagrants initiative. Designed to promote the creation of new blockchain games exclusively for Metacade, developers can apply for early-stage funding to support the process of bringing the most exciting new titles to the platform.

Metacade’s community can choose which games are granted funding by voting for their favorites from a pool of ideas. Those that get the most votes go into production, with the benefit of funding to help the process along. These voting rights form part of Metacade’s gradual transition to becoming a fully-fledged DAO by the end of 2024 when all power will be devolved from the project team to the community.

MCADE: An excellent crypto to buy now for long-term gains

The MCADE presale event represents a fantastic opportunity for investors to make serious gains and be part of the growing GameFi revolution. After launching at just $0.008, the current value of MCADE is $0.0155. This value will eventually rise to $0.02 at the end of the presale before MCADE is listed on crypto exchanges.

Metacade’s rich project plan, excellent longevity, and pioneering attitude look set to make it a giant and true standard-bearer in P2E gaming. Investment in MCADE now could be a rare opportunity to make enormous gains as Metacade becomes the online arcade of choice for gamers and crypto fans worldwide.

You can participate in the Metacade presale here.

The post Metacade Poised to be the Biggest Online Arcade in the World With MCADE Tokens Selling Fast appeared first on CoinJournal.

• Stacks is a leading blockchain project that seeks to grow Bitcoin’s utility.

• STX price has surged hard after the successful launch of Ordinals.

• It has become extremely overbought signaling a pullback is imminent.

Stacks, a small but fast-growing blockchain project, has become one of the best-performing cryptocurrencies in March. STX, its token, has soared to a high of $0.9800, the highest point since May 2022. It has jumped in the past three straight weeks and by 372% from its lowest point this year.

The main reason for the recent Stacks price surge is the ongoing bets of Ordinals, a Bitcoin NFT platform. Its launch, which has been highly successful, has led many analysts to predict that Bitcoin use case will become more pronounced in the coming years.

For many years, Bitcoin has always had little utility, unlike other blockchains like Ethereum and Internet Computer. This happened simply because Bitcoin does not have smart contract features. As such, it is not possible to build on top of Bitcoin. 

Stacks is one of the biggest blockchains that seeks to provide more utility for Bitcoin. Its technology makes it possible for developers to build dApps in all industries, including DeFi and Non-Fungible Tokens (NFTs). 

Stacks uses the proof-of-transfer mechanism that connects it and Bitcoin. It also has other features that make Bitcoin more programmable and productive. So, how high can STX price jump?

Stacks price prediction

STX chart by TradingView

The daily chart shows that the STX price has been in a strong bullish trend in the past few months. It managed to cross the important resistance point at $0.5237, the highest point on August 8. 

It has jumped to the highest point since May last year and moved above the 50-day and 100-day moving averages while the Relative Strength Index (RSI) has moved to the extreme overbought level. The Stochastic Oscillator has also become extremely overbought. Stacks has also moved to the important resistance point at $1.

Therefore, it seems like STX has more bullish upside in the near term. However, with its price being extremely overbought, there is a possibility that a pullback will happen soon. If this happens, the coin will retreat to the next key support to watch will be at $0.5237, which is about 46% below the current level.

Such a retreat will be part of a break and retest pattern. In price action analysis, such a pattern is usually more bullish in the near term. 

The post Stacks price relentless bull run gains steam: is it still a buy? appeared first on CoinJournal.

Amp price bullish momentum continued on Thursday as the bullish momentum continued. It rose to a high of $0.0067, the highest point since September 11 last year. Like most crypto tokens, it has jumped by more than 121% from the lowest level last year.

It is unclear why Amp token is rising even as its on-chain metrics continue deteriorating. On-chain metrics show that the number of people using and holding Amp was relatively negligible. For starters, Amp is a blockchain that helps people provide collateral of their assets in a relatively easy process. 

There have been no major Amp-related news in the past few days. The most relevant is the decision by New York prosecutors to sue CoinEx, a small crypto exchange. In a statement, New York’s attorney general said that the company offered securities in its platform. It cited tokens like Amp, Luna, and RLY. The statement added that:

“The Tokens are also securities under the Martin Act because they represent investments of money in common enterprises with profits to be derived primarily from the efforts of others.”

Amp price prediction (daily chart)

The daily chart shows that the Amp crypto price has made a strong recovery in the past few days. It has managed to move above the key resistance level at $0.0059, the highest point on January 17th. The coin has also jumped above the psychological level at $0.0050. 

Further, it has moved above the 25-day and 50-day moving averages while oscillators like the Relative Strength Index (RSI) and the MACD have kept rising. Notably, these gains are happening at a period of high volume. 

Therefore, I suspect that Amp has some more upside to go. If this happens, the next level to watch will be at $0.008. However, a drop below the support at $0.0060 will invalidate the bullish view.

Amp crypto forecast (4H chart)

On the four-hour chart, we see that the Amp price has been in a bullish trend as well. It has managed to cross several levels, including the resistance point at $0.0053 and $0.0059, the highest points on Feb 8 and Jan 7, respectively. Like in the daily chart, the token remains above all moving averages. The only difference is that volume has started moving downwards. 

Therefore, with other coins like Bitcoin and ETH retreating, there is a likelihood that Amp will also decline and retest the support at $0.0060.

How to buy Amp

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

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

The post Amp price prediction: technical analysis points to a brief pullback appeared first on CoinJournal.

• Ripple’s rally lags behind other cryptocurrencies’ rallies for 2023
• A bullish flag pattern suggests more upside
• Once the bullish flag is confirmed, a double bottom pattern projects the price even higher

Ripple rallied against the US dollar in 2023 as the entire cryptocurrency market bounced. However, unlike Bitcoin, Ripple rallied less.

One explanation may come from the current consolidation. The chart below shows the daily timeframe, and the recent price action reveals a tight range lasting several weeks.

So what does the technical picture says about XRP/USD?

XRPUSD chart by TradingView

Bullish technical setup for XRP/USD, providing the 2023 lows hold

A double top pattern may be spotted on the left side of the chart. Ripple failed twice at $0.9 before reversing sharply.

It declined in line with the overall cryptocurrency market as investors fled, scared of scams and after losing faith in various crypto projects.

A double top is a reversal pattern. The key to trading the pattern is waiting for the price to move below the neckline.

Then, projecting the measured move, one can determine the minimum distance the market should move to confirm the reversal.

After the reversal pattern was confirmed by the price action reaching the measured move, Ripple entered a long period of consolidation. Ripple trades in a tight range against the dollar for almost eight months now. That is, a tight range considering the cryptocurrency market standards.

Currently, one can spot two bullish factors for Ripple. First, a double bottom pattern might be in the makings. Still incomplete, it points to $0.7 should the price move above the neckline.

Second, the most recent price action looks like the flag of a bullish flag pattern. If it is confirmed by future price action, then the measured move points to a break above the double bottom’s neckline.

To sum up, the bullish flag’s measured move exceeds the double bottom’s neckline. Hence, bulls may want to buy on a daily close above $0.45 and place a take-profit at $0.7.

The invalidation point of this bullish setup is a move below $0.3.

The post XRP/USD price forecast amid a +13.19% YTD performance appeared first on CoinJournal.

2023 looks set to be a year when crypto markets begin to rebound after the long and varied struggles of 2022. Some altcoins, such as Cronos (CRO), are already showing signs of improvement, with price rallies in the early months of 2023, leading analysts to forecast better times across the board for cryptocurrencies.

One coin that looks set to exceed others as markets improve during 2023 is Metacade’s MCADE token. Here’s why Metacade is shooting for the moon and offering investors an exciting opportunity in 2023 and beyond.

What is Metacade?

Metacade is building the most prominent virtual gaming arcade in the metaverse with a vast array of classic and modern play-to-earn (P2E) games. Aimed at gaming enthusiasts and crypto fans, Metacade intends to attract a growing online community with the goal of driving the Web3 gaming world forward. Built on the Ethereum blockchain, Metacade offers casual gamers and the seasoned online tournament competitor a unique opportunity to play, earn and interact in real-time.

With Metacade’s powerful P2E infrastructure, users can receive crypto rewards for actively participating in and building up their community. The Create2Earn scheme encourages social engagements with the hub by offering incentives every time someone posts content on its various outlets. From engaging in live chats, contributing to Reddit-style subforums, writing game reviews, or providing gaming tips, there is no shortage of ways people can earn passive income from interacting with Metacade. 

Perhaps the most exciting of Metacade’s many varied features is their pioneering Metagrants scheme, which promises to push GameFi to new heights while incentivizing members to take full ownership of the hub’s direction.

From Q3 2023, developers can raise applications for funding in the form of a Metagrant to support the development of new games exclusive to Metacade. Each submission goes into a pool before undergoing a vote from MCADE token holders to determine the most popular ideas. Winning ideas will go into development with the backing of a Metagrant. The first title will hit Metacade’s virtual arcade in Q1 2024.

How does MCADE work?

The MCADE token is the governance and utility token behind Metacade’s exciting road map, underpinning all development and transactions on the platform. While revenue flows from several internal and external sources into the multi-signatory treasury wallet, a limited number of MCADE tokens will be in circulation in order to maintain the value of the coins.

Community members contribute to the platform’s upkeep and running through several routes. The Compete2Earn scheme is a token-staking program in which users stake MCADE coins to enter online tournaments and prize draws. Those who enter have the opportunity to share in significant prize pools. Meanwhile, MCADE tokens are also used by players wishing to experience the platform’s range of pay-to-play titles.

External funding comes from companies wishing to buy advertising space on the platform, use Metacade’s launchpad tool to release their own titles, and post career opportunities on the jobs board from Q1 2024.

MCADE price prediction

After launching its presale beta phase at $0.008, the token price has now increased to $0.014 in stage 4 of presale. In just ten weeks, Metacade raised over $5 million – an investment that has rocketed to $7.2m in its current presale round. When the presale concludes and MCADE hits centralized and decentralized exchanges, the token value will be $0.02.

Predictions are that the value of MCADE will surge at this stage as the scramble for tokens intensifies. Analysts forecast that MCADE could reach $0.30 by the end of 2023 and $2 by the end of 2025, as Metacade is crucial in driving Web3 gaming forward. The long-term value for investors is apparent, with predictions of the coin reaching $5 by the end of 2023.

What is Cronos (CRO)?

Cronos is a decentralized open-source, public blockchain designed to produce energy-efficient blockchain transactions while guaranteeing low-cost and high-speed functionality. The platform aims to support creators of dApps, DeFi solutions, and GameFi titles on their way to producing an open metaverse.

The CRO coin began as the Crypto.com Coin, one of the biggest centralized crypto exchanges. The ecosystem is designed to protect users from fraudulent chargebacks while allowing investors to trade on Crypto.com at a discount by paying transaction fees with CRO tokens. 

Thanks to Crypto.com’s excellent trading, payment, and DeFi solutions, CRO token holders gain utility with their holding. At the same time, holders also have the opportunity to serve as a validator on Crypto’s blockchain, earning passive income for each transaction undertaken on the platform.

CRO price prediction

Cronos is currently trading at $0.0796, more than 90% lower than its all-time high of $0.96, which was recorded during the height of the bull market in November 2021. The excellent news for CRO token holders is that analysts predict significant growth between now and the end of the year.

Projections for CRO in 2023 suggest that the coin could reach $1.07 by the end of the year, growing to $1.44 by the end of 2025 and potentially threatening the $5 barrier by the end of 2030. This would represent enormous gains based on Cronos’ current value.

MCADE vs. CRO: Which is the best investment?

Metacade and Cronos both make compelling investment cases for investors in the short and longer-term, offering potentially rich rewards. The best investment choice looks to be MCADE due to its rich project roadmap that promises to keep the platform evolving while driving wider development and innovation in the wider blockchain gaming sector.

The presale is expected to sell out quickly, so investors should purchase MCADE tokens now to maximize their potential returns and avoid missing out on this outstanding opportunity.

You can participate in the Metacade presale here.

The post Cronos Price Rallies While Metacade Shoots for the Moon appeared first on CoinJournal.