Kategorie: Crypto Analysis

There are many different ways that crypto projects can induce an increase in price, with token burning one of the most clear-cut ways to achieve it. This is because burnt tokens are taken out of the circulating supply, transferring their value to the tokens that are left.

This is one approach taken by the popular meme coin project Shiba Inu, which has seen more than 380 billion SHIB tokens burned since Ethereum founder Vitalik Buterin burned his bag of 410 trillion tokens back in 2021.

With a total supply of a quadrillion tokens, though, the burns aren’t making much difference to the Shiba Inu price prediction, and with some incredible new projects offering the potential for unheard-of gains, the likes of new disruptor Metacade are drawing in many SHIB holders.

Is Metacade’s utility what sets it apart?

While meme coin projects like Shiba Inu try to create a token utility to regain momentum or rely on the headlines that come through one-off token burns, it is difficult for the projects to continue to find buyers due to the lack of progress made in their ecosystem.

Projects with grand ambitions, utilizing tokens that have a high level of utility, are in a far stronger position because the token price can be driven upwards even in the coldest crypto winters through the platform usage that the token fuels.

Metacade is a prime example of such a project and a rare opportunity for those investors who have digested the contents of the whitepaper and decided to buy into a high-potential project at the earliest stages.

The plans the Metacade team has outlined are a big part of the huge success of the presale so far, which has raised a fantastic $5.4m at record speed in its presale. This level of performance is not often seen and is a clear indicator of the potential that many believe the project holds for substantial gains.

What is Shiba Inu (SHIB)?

Shiba Inu is a meme coin project on the Ethereum blockchain, having followed in the footsteps of Dogecoin as a project headed up by a friendly cartoon Shiba Inu dog.

Shiba Inu began with practically no utility, although since picking up speed as a project that aimed to replicate the success of DOGE on a more flexible chain, the Shiba Inu team has built a DeFi ecosystem in order to tie the token to a functioning product.

Shiba Inu price prediction general: Can SHIB make a comeback?

Shiba Inu has paid the price for its limited utility with a dramatic fall in price since the 2021 bull run. The difficulty the project faces now, impacting the Shiba Inu price prediction, is how much further it can really go from a utility perspective, with very little to differentiate it from others in the DeFi space.

The Shiba Inu price prediction is looking bleak, and if SHIB can hold the price of $0.000009 throughout 2023, it would be a win for the project. The one chance the project seems to hold for the future is a SHIB-specific layer-2 solution called Shibarium, which could allow for more accessibility to smaller investors put off by Ethereum transaction fees.

If Shibarium can help SHIB regain momentum, it’s possible that the price of SHIB will double by 2025 to $0.000018, but the project needs to achieve much more in the next year or two to give itself the chance.

What is Metacade (MCADE)?

Metacade is wowing investors with its plans to build a huge play-to-earn arcade, allowing gamers of all kinds to earn income from their favorite pastime, whether through playing games casually, in tournaments, or even through competitive ladders to reach the top of the leaderboards.

The platform is set to incentivize engagement through a comprehensive rewards mechanism, even through non-gaming activities that contribute to the platform’s user experience, such as writing content or engaging with the community.

How does MCADE work?

The powerful utility token, MCADE, is used as the currency of the platform and is used for all user purchases and rewards. The token also affords holders governance rights, such as in the Metagrants program that allows the community to assess game prototypes so that MCADE holders can vote to distribute development funding, helping direct the future of the online gaming library.

Investors are able to stake their MCADE for passive income that is issued in stablecoins so as not the dilute the overall supply, and this makes the project even more appealing to investors looking at the high-quality investment choice.

The project has a clear plan for future self-sufficiency, which is a critical component of a project set to see dramatic growth in users. Several external revenue streams, including a game launchpad and on-platform advertising, have already been identified as part of the cohesive plan that looks set to shake up the online gaming world as we know it.

Metacade price prediction general: Can MCADE 100x in 2023?

The high potential that Metacade has shown is reason alone that many investors believe MCADE could rise 100x after the presale has been completed, putting MCADE at $2 per token — a prediction far more bullish than the Shiba Inu price prediction.

With such high potential and a feeling of inevitability about the huge user growth the platform could see, it seems possible for MCADE to reach $5 by 2025, and beyond that, sky is the limit.

You can participate in the Metacade presale here.

The post Shiba Inu Burns Millions of Shib Tokens Hoping for a Rally, But Metacade Is Still a Better Buy appeared first on CoinJournal.

Crypto billionaires are among those that have suffered the worst from the crypto crash of 2022, seeing billions of dollars wiped from the value of their investments. As markets reeled from a string of big names in crypto filing for bankruptcy, such as Luna and FTX, and global economies struggling due to a raft of different challenges, crypto billionaires looked on in horror as the value of their holdings nosedived almost overnight.

These events shook investor confidence, but the good news for crypto billionaires and those looking to make their first steps into crypto investment is that some projects can still offer major potential gains. One of these is the new blockchain gaming platform, Metacade.

What is Metacade?

Metacade is the world’s first virtual online gaming arcade that harnesses blockchain technology to offer gamers the broadest array of play-to-earn (P2E) gaming titles coming to the metaverse. The project aims to bring together gaming enthusiasts in one central place, to build a community with like-minded individuals while empowering gamers and GameFi fans to determine the platform’s future direction.

P2E functionality is the primary attraction to pull gaming enthusiasts into the hub. Unlike many other metaverse gaming platforms that rely on a single title to attract gamers, Metacade’s comprehensive game library has something for gamers of every hue. From the casual gamer wanting to thrash their friends in a traditional Streetfighter-esq “beat-‘em-up” duel to the serious tournament gamer, everyone who takes part can earn crypto rewards.

How does Metacade work?

MCADE is the currency that provides fuel for Metacade’s platform. It underpins every facet of the project, providing the funding that flows into players’ wallets and supplying the impetus to position Metacade at the head of the metaverse gaming revolution.

Revenue is generated through several channels, some from the community and others from outside sources. Metacade members can invest MCADE tokens through staking to enter online tournaments and prize draws to share in lucrative prize pools as part of the Compete2Earn scheme, and by playing pay-to-play titles just as they would in a real-world video arcade.

External funding is sourced from advertising on the hub, selling space to other game developers to release games on Metacade through their launchpad program, and from Q1 2024 by allowing Web3 companies to post the most exciting career development opportunities on their job board as part of the innovative Work2Earn initiative.

Meanwhile, the community can access additional earning streams alongside the primary P2E mechanism. One of these is through success in Compete2Earn tournaments, while another is the Create2Earn platform, where users are rewarded in crypto for social interactions with the hub. The more content they create, the more they earn through contributions such as game reviews, knowledge sharing, and engaging in live chats.

Metacade: Driving GameFi innovation

One of the most novel ideas fuelling interest in Metacade is their ground-breaking Metagrants scheme which looks set to evolve the platform to new heights while providing support for the wider Web3 sector through the promotion of and investment in new ideas.

Developers are encouraged to submit ideas for exclusive new games into a pool, whereby MCADE token holders can vote on them. The most popular submissions are granted funding from the platform’s treasury wallet to bring developers’ ideas into reality. The scheme launches in Q3 2023, with the first title to be launched in Q1 2024.

The Metagrants scheme provides the Metacade community with greater autonomy in determining the direction of the hub and opens up access to some of the best and most exciting new titles within Web3, with fully community-endorsed games filling the platform’s arcade.

Could MCADE reach $1 in 2023?

The hype generated by Metacade through its presale event has seen a phenomenal $5.4m raised in only 10 weeks. That figure continues to shoot up as as investors flock to MCADE, cementing it as potentially one of the best crypto investments of the year.

The price of MCADE is currently $0.013 and will increase in value to an eventual level of $0.02 when the presale ends. Predictions are that once MCADE hits the exchanges, interest could soar. With presale investors retaining their holding to see what gains can be made and new investors scrambling to get their hands on the remaining supply, forecasts of MCADE surging through the $1 barrier in 2023 are not unrealistic.

Buy MCADE now: The best GameFi investment of 2023

At $0.013, MCADE looks undervalued, even considering current bearish market conditions. The hugely popular and well-conceived roadmap, combined with the vast long-term potential of Metacade, means it could be an outstanding investment opportunity in 2023.

While investing in MCADE won’t quickly replace the lost billions of crypto billionaires, it does represent an great crypto investment for any crypto investor.

You can participate in the Metacade presale here.

The post Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar appeared first on CoinJournal.

• Pi coin is a highly popular cryptocurrency with over 35 million users.

• PI/USDT has plunged on Huobi after the developers disavowed it.

Pi coin is one of the most popular and highly anticipated cryptocurrencies in the world. User metrics show that support for the Pi Network has been soaring in the past few months. Its official Twitter account has over 2 million followers, which is bigger than that of mainstream cryptocurrencies like Cardano and Polkadot.

Pi Network ecosystem is growing

Similarly, Pi Network apps are also highly popular, with the Android version having more than 50 million downloads. Further, Pi Browser has over 10 million users globally. At the same time, the network’s ecosystem is growing, with a number of developers building on the ecosystem rising. Some of the top apps that are being built in Pi are PiCare, Pi Chain Mall, and World of Pi Championship among others.

The number of Pi coin users has also been growing and currently stands at more than 35 million. In a bid to grow the ecosystem, the developers are carrying out a hackathon that will see developers showcase their applications. 

For starters, Pi Network is a platform that was launched in 2018 to offer better tools and features than Bitcoin and existing cryptocurrencies. As part of its strategy, the developers made it easier for people to mine the coin using their smartphones.

Mining Pi coin using a smartphone works using the Stellar Consensus Protocol (SCP), which uses the Federated Byzantine Agreement, which helps to ensure no energy waste and faster speed of transactions. In its ecosystem, Pi miners can become a pioneer, contributors, ambassadors, and node. Miners simply visit the app, confirm transactions, and then receive rewards, 

Is Pi Network worth anything?

There are several questions that are common about Pi Network and Pi Coin. For example, there are questions about whether the network is a legit one or a scam and whether it has a future. Other users have a question about how to convert their Pi coins into cash.

For now, it is difficult to come up with a Pi Coin price prediction since the network is still in an enclosed mainnet. As a result, it is unclear when the coin will be launched in major exchanges and the price in which it will start trading at. Most importantly, it is still unclear whether it will ever be launched on exchanges. Besides, Pi has been around since 2018.

It is possible to trade Pi today. In December, several exchanges, including Huobi Global listed PI/USDT which is supposed to mirror the performance of the real Pi coin. We wrote about this here. After soaring on its first few days, PI/USDT price has plunged by over 80% after the real developers disavowed the network.

Therefore, for now, Pi Coin is a wildcard in the crypto industry, and I don’t believe it is worth your time until it is pushed to exchanges. Pi Network is not worth anything even though the ecosystem is growing.

The post Pi Coin price prediction: Is Pi Network worth anything? appeared first on CoinJournal.

• SushiSwap price jumped as volume and revenue in DEX platforms rose.

• Immutable X (IMX) did well after the launch of Passport.

• SingularityDEX token could be forming a double-top pattern.

Bitcoin price held quite well this week as the market focused on the Federal Reserve decision, big-tech earnings, and the strong jobs numbers. As a result, the total market cap of all cryptocurrencies remained above $1 trillion even as the momentum appeared to wane. In this price predictions article, we will focus on a few cryptos that are doing well on Friday, including Immutable X (IMX), Sushi, and AGIX.

SushiSwap price forecast

SUSHI crypto price went parabolic as volume and revenue in decentralized finance (DeFi) rose. On the 4H chart, SushiSwap’s token climbed above the important resistance level at $1.48 (November 30 high. It also surged above the key resistance point at $1.4154 (January 22 high). 

This rally coincided with an increase in volume. In technical analysis, volume is one of the most important things that investors watch. In most situations, a major move that is not supported by volume does not last. Meanwhile, the coin has jumped above the 50-day EMA, which connects the lowest points between January 1 and 25. 

So, is it safe to buy SushiSwap? Therefore, with the flow of volume falling, I suspect that the coin will have a pullback during the weekend as investors start taking profits. If this happens, the key support level to watch will be at $1.4856.

SUSHI/USD chart by TradingView

How to buy SushiSwap

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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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 SUSHI with Bitstamp today

Immutable X price prediction

Immutable X’s IMX price shot up this week after the company created Immutable Passport, as we wrote here. In all, the coin’s price surged to a high of $1, which was about 161% above the lowest point in December. On the daily chart, we see that volume has been tracking upward since December. 

IMX crypto also moved above the crucial resistance point at $0.7483, the highest level on January 25. It also rose above $0.7290, November 5 high. The bullish trend is supported by moving averages. But like SUSHI, I suspect that the coin is ripe for a pullback in the coming days. If this happens, the coin will likely retreat to the support at $0.7483.

IMX/USD chart by TradingView

How to buy Immutable X

Huobi

Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.

Buy IMX with Huobi today

AGIX price prediction

Artificial intelligence is taking over the world, especially following the launch of ChatGPT. This explains why SingularityNET’s AGIX price has been in a remarkable rally recently. The token surged to a high of $0.25 on Friday, the highest point since January 14. At its peak on Friday, the coin was up by 555% from its lowest point in December.

AGIX seems to be about to form a double-top pattern whose upper side is at $0.25. This view is supported by the fact that the coin’s volume has been trending lower. Therefore, there is a likelihood that the coin will have a bearish breakout in the coming days unless bulls push it above $0.25.

IMX/USD chart by TradingView

How to buy SingularityDEX

The post Crypto price predictions: SUSHI, Immutable X, AGIX appeared first on CoinJournal.