Crypto price predictions: Bitcoin, Cardano, Binance Coin

Crypto prices remained in a consolidation phase this week as concerns about FTX contagion continued. They also reacted to the latest interest rate decision by the Federal Reserve and the arrest of Sam Bankman-Fried. Here are some of the top crypto price predictions for the weekend.

Bitcoin price prediction

Bitcoin pulled back sharply after the latest interest rate decision by the Federal Reserve. This decline correlated with the performance of American indices like the Dow Jones and the Nasdaq 100 indices. 

Bitcoin price dropped to a low of $16,923, which was the lowest level since December 12. It also declined below the important level at $17,395, which was the neckline of the inverted head and shoulders pattern.

It has also pulled back below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the neutral level of 50. Therefore, Bitcoin price will likely continue falling as contagion fears continue. 

If this happens, the next key level to watch will be at $16,000. In the near term, however, a bullish breakout to $18,000 cannot be ruled out as the shakeup eases.

BTC/USD chart by TradingView

How to buy Bitcoin

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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OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

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Binance Coin price prediction

Binance Coin price has been in a strong bearish trend in the past few days. It collapsed to the lowest level since November this year. This decline accelerated this week as Bitcoin FUD trended in Twitter and other social media platforms like Reddit. FUD stands for Fear, Uncertainty, and Doubt.

Concerns about Binance continued after the arrest of Sam Bankman-Fried, which we wrote about in this article. Investors are worried about the significant information that we still don’t know about Binance. For one, it is unclear how much money Binance makes and how much debt it has.

Therefore, like Bitcoin, the BNB price will likely continue falling as sellers target the psychological level of $200.

BNB/USD chart by TradingView

How to buy BNB

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.

Buy BNB with Binance today

Cardano price prediction

Cardano price plunged on Friday as concerns about the hawkish Fed continued. It has also fallen because of the underperformance of its DeFi and NFT ecosystem. NFT volume crashed to just $8 million in November, its lowest level in months. 

On the daily chart, Cardano remains below all moving averages. It also crashed below the important support level at $0.300, the lowest level on December 13. The Relative Strength Index has moved to the oversold level. Cardano price will likely continue falling as sellers target the next key support at $0.2500. 

ADA/USD chart by TradingView

How to buy Cardano

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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OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy ADA with OKX today

The post Crypto price predictions: Bitcoin, Cardano, Binance Coin appeared first on CoinJournal.

Will XLM recover from its recent dip after MoneyGram announced support for Stellar Aid Assist?

  • XLM has lost more than 3% of its value in the last 24 hours.

  • MoneyGram has announced support for the Stellar Aid Assist

  • The total crypto market cap could fall below $800 billion soon.

MoneyGram announces support for Stellar Aid Assist

Payment service provider MoneyGram announced on Thursday that it now supports the Stellar Foundation’s Stellar Aid Assist. MoneyGram said it is the first-of-its-kind blockchain-powered aid disbursement system that delivers relief funds quickly, affordably and efficiently to individuals in crisis.

Despite this latest cryptocurrency news, XLM, the native token of the Stellar blockchain, has been underperforming. The price of Stellar Lumens now stands at $0.0793, down by 3.5% in the last 24 hours.

The broader cryptocurrency market has also been underperforming over the past 24 hours. The total crypto market cap stands at $827, down by more than 3% so far today. The market cap could decline below $800 billion if the bearish trend continues.

Bitcoin is also underperforming today and could drop below the $17k support level before the end of the day.

Key levels to watch

The XLM/USD 4-hour chart is bearish, as Stellar Lumen has been underperforming over the past few days. The technical indicators show that XLM could dip lower soon.

The MACD line is below the neutral zone, indicating that the bears are currently in charge of the XLM market. The 14-day relative strength index of 34 shows that XLM could enter the oversold region soon.

If the bearish trend continues, XLM could drop below the first major support level at $0.07300 before the end of the day. With the bears still in charge, XLM could drop below the $0.0700 psychological level over the next few days.

However, the MoneyGram news could push XLM’s price higher in the near term. If that happens, XLM could push past the $0.08566 resistance level.

Where to buy Stellar Lumen now

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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OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy XLM with OKX today

The post Will XLM recover from its recent dip after MoneyGram announced support for Stellar Aid Assist? appeared first on CoinJournal.

Should I buy Metacade (MCADE) during the crypto market crash of 2022?

Crypto market crashes are full of prime buying opportunities. It’s often said that great projects are on sale, as 90% price reductions during the bear market mean you can buy a much bigger stack of tokens for the same initial investment cost.

Great projects never stop building, even during a crypto market crash. A project that looks set to do big things in the space is Metacade, and it’s only just getting started. If it’s still an unknown, then make sure to keep reading!

What is Metacade?

Metacade is a next-generation gaming platform that is being built on the Ethereum blockchain. Through leveraging the advanced smart contract functionality of Ethereum, Metacade can create a more secure and efficient experience for gamers from all over the world, as well as secure itself during a crypto market crash, with a stable audience.

MCADE is the platform’s native token. It’s used to power all blockchain transactions and is also used to provide crypto rewards to players while they enjoy a vast array of arcade-style games. The project is laying strong foundations during the 2022 crypto market crash, as it aims to become the single biggest arcade that you can find on the blockchain and will give gamers extensive opportunities to earn MCADE token rewards as a result.

The platform is committed to providing a fun and fair experience for all gamers and is community-driven at its core. Through building an advanced gaming hub on the blockchain, Metacade is helping to create a new era of gaming, where players are fully in control of their own data and can earn rewards while playing their favourite games.

More Games, More Rewards

By building the biggest arcade on the blockchain, players will be given more options than ever before. Metacade will be home to a seemingly endless list of arcade-style titles with some of the hottest names in the space for Metacade community members to enjoy.

With so much on offer, Metacade players will have unprecedented earning opportunities available after the market recovers from the recent crypto market crash. With the unique functionality being delivered in blockchain-based games, all players can earn while playing some amazing new titles. Metacade delivers this earning potential in a significant way.

Contribute-to-Earn

In addition to all the arcade games on offer at Metacade, the platform aims to become a hub for the crypto community to enjoy. Players can access the latest info for the best Play-to-Earn games in the space and connect with other blockchain gamers to share the latest insights.

Metacade connects players to the best opportunities and the most valuable alpha. Plus, users will earn MCADE token rewards for contributing insights to the community, which provides direct incentives for the community to grow and share the fun as they journey through the world of Play-to-Earn gaming.

Community-Governed

Metacade is committed to putting the needs of its players first and ensuring that their voices are heard, which is vital for finding stability during a crypto market crash. The Metacade community will have a direct say in how the project is governed and over time the project will become a decentralised autonomous organisation (DAO). This DAO will allow MCADE holders to influence the direction taken by the project.

DAO voters will also be able to influence the growth of the wider GameFi industry. Up-and-coming projects will submit proposals to the community, who will then get the chance to vote on which they think are the best. After deciding, the community will be able to provide funding through the Metagrants program, supporting development teams in their early stages.

GameFi set to grow

Over time, it is widely expected that blockchain-based games can revolutionise the wider gaming industry. They offer some unique features that are unmatched by traditional titles, with the foremost being integrated earning opportunities for players. This is important to investors also, who currently seek investments that can offer more robustness, even during a heavy crypto market crash.

The gaming industry is currently dominated by a handful of large companies such as Electronic Arts (EA) and Activision Blizzard (ATVI). These companies control the development and distribution of games, which gives them a lot of power over gamers.

Blockchain games are important because they provide a decentralised alternative to this current system, regardless of price action during a crypto market crash. By giving power back to gamers, projects like Metacade have the potential to flip the $100 billion gaming industry on its head and move a large chunk of operations on to the blockchain.

The user experience for decentralised applications (dApps) has been improving year-on-year, as blockchains themselves have been getting faster, cheaper, and more secure. Metacade, built on Ethereum, gains all the benefits from a continually expanding ecosystem, and offers a long list of benefits to its community. It can grow to a massive scale as a result.

Should you buy Metacade?

Projects that launched during the market crash of 2018-2020 saw some insane percentage increases with some rising 40,000% or even higher. Now, during the 2022 bear market, MCADE has just launched its presale event, which is the earliest investment opportunity available in crypto and a fantastically low barrier for those looking to put some skin back in the game after the recent crypto market crash.

For a project with such high potential, these opportunities are rare. Often, high-potential projects are kept under wraps and only offered to a small number of institutional investors. Metacade is doing things differently and is launching its token directly to the crypto community.

These kinds of opportunities do not come around very often. While there is always a risk involved when investing in digital assets, and no token is guaranteed against a crypto market crash, the MCADE presale offers huge upside potential with limited downside. At this point, you can buy MCADE at just $0.008 per token with this number set to rise during the presale to $0.02. For sure, it could be worth including in your portfolio over the coming months.

You can participate in the MCADE presale here.

The post Should I buy Metacade (MCADE) during the crypto market crash of 2022? appeared first on CoinJournal.

Bitcoin price retreated: pattern points to a comeback

  • Bitcoin price has retreated after the Fed decision.

  • The Fed decided to hike rates by 50 basis points.

  • The inverted head & shoulders pattern points to more upside.

Bitcoin price pulled back on Thursday as the market reflected on the latest interest rate decision by the Federal Reserve. After soaring to $18,378 on Wednesday, Bitcoin retreated by 4% to $17,673. It is still substantially higher than the year-to-date low of $15,470.

Central banks downshift

The BTC/USD, BTC/GBP, and BTC/EUR prices declined slightly after central banks started to downshift their policies. On Wednesday, the Federal Reserve decided to hike interest rates by 0.50%, which was lower than the last four hikes of 0.75%.

And on Thursday, other influential central banks decided to lower the size of their rate increases. In the UK, the Bank of England (BoE) decided to hike rates by 0.50%, which was lower than the previous increase of 0.75%. The same happened in the European Union, where the European Central Bank (ECB) increased by 0.50%.

Federal Reserve decision

Bitcoin’s main catalyst was the Fed statement. In it, the bank sounded more hawkish and hinted that it will continue hiking in 2023. Precisely, it guided that it will deliver another 0.75% hike in 2023 before hitting a pause. 

As such, it will likely hike interest rates by 0.50% in February following another 0.25% in March. Alternatively, it could deliver three 25 basis point increases, as we wrote in this article.

Still, I believe that the Fed was concerned about the falling bond yields and the signal they were sending. In the past few weeks, bond yields and mortgage rates have been falling. As such, the trend could spur more inflation in the coming months.

Bitcoin also reacted to the latest outflows from key exchanges, which is a signal that many investors are afraid of the industry. This is confirmed by the fear and greed index, which has dropped to 24. Binance has seen outflows worth $5.2 billion in the past 7 days.

Bitcoin price prediction

BTC/USD chart by TradingView

The 4H chart shows that the BTC price formed a bearish engulfing pattern on Wednesday. In price action analysis, this pattern is usually a bearish sign. A closer look shows that the coin formed an inverted head and shoulders pattern. The neckline of this pattern is at $17,437.

Therefore, I suspect that Bitcoin will form a break-and-retest pattern, which is a bullish sign. If this happens, it will likely resume the bullish trend as investors digest the latest decision. A such, the coin will likely rise to a high of $19,000.

How to buy Bitcoin

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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OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy BTC with OKX today

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Revealed: 5 Best Altcoins to Buy and hold long-term in 2023

Altcoins consistently return the biggest percentage increases out of any digital asset class. Early-stage blockchain projects have the potential to attract millions of users over time and the level of innovation in the space is oftentimes staggering.

With that said, the recent prices look like a prime opportunity to purchase some altcoins for anyone aiming to make longer-term gains, so an altcoin price prediction for 2025 would make for a solid base of comparison. Here is a list of our 5 best altcoin price predictions indicating massive gains by 2025.

#1 Metacade (MCADE) – Best Altcoin – The Biggest Arcade On-Chain

Overview

Metacade is a brand-new GameFi platform that looks ready to take off. The team is building an advanced play-to-earn platform that will become the biggest digital arcade in the world of Web3. Metacade aims to connect GameFi players with endless earning opportunities, as well as provide them with new methods of generating crypto rewards, by taking advantage of some unique features.

The platform aims to become a hub for blockchain gaming, as users are rewarded with MCADE tokens for sharing everything they know about the GameFi space. Through sharing the latest insights, methods, and top play-to-earn titles, the Metacade community can earn an income paid in MCADE. On top of this, Metacade will display the most valuable GameFi alpha directly on the platform, providing a convenient method of accessing the latest information for all blockchain gamers.

MCADE token holders will also be able to vote for which new GameFi projects they would most like to play in the future, helping direct funding to creative developers in the Metagrants program. In this way, the community themselves get a chance to contribute to the development of some of the best up-and-coming gaming applications, freshly built for the platform. 

Among common factors affecting altcoin price prediction in 2025, staking is high on the list. Users at Metacade can stake MCADE tokens to earn a passive yield and will be able to vote in governance proposals as the project matures and aims to become a decentralised autonomous organisation (DAO).

Tokenomics

There are 2,000,000,000 MCADE tokens in total. 70% of this supply, which amounts to 1,400,000,000 MCADE, is being released for the altcoin presale. The Metacade presale is the earliest stage of investment and has been attracting widespread attention from investors across GameFi and the wider world of Web3.

Why buy MCADE?

Metacade has a highly skilled team that is building an advanced GameFi platform with some unique functionality. Not only can players access a wide range of different play-to-earn titles, but they can also directly influence the future of the GameFi industry by voting on Metacade governance initiatives and by providing funding to game developers.

The project looks to be popular among crypto enthusiasts already as it certainly shows a lot of promise for the future. MCADE is being launched at just $0.008 per token and looks set to explode from that level during the presale as more investors get involved. It is worth bearing in mind that the presale comes before the public IDO, which could mean some major price movements from this current level due to the significant long-term potential of the project. 

Altogether, in terms of altcoin price prediction looking ahead to 2025, Metacade stands out as a promising candidate to become the best, with a high multiple thanks to its convergence at the centre of both gaming and crypto p2e. MCADE altcoin price prediction in 2025 stands at $6.00 – $8.00 – a 750 to 1000x increase – hence why it has made the top of our list as the best altcoin to buy.

>>> You can participate in the MCADE presale here <<<

#2 XRP (XRP) – A Global Reserve for Financial Institutions

Overview

XRP is a cryptocurrency that was created by Ripple Labs in 2012. It is the native asset of XRPL (XRP Ledger), the decentralised blockchain network created by Ripple Labs. The XRP protocol aims to provide a faster and cheaper way to send money globally. As well as facilitating cross-border payments, XRP can be used by financial institutions as a reserve currency.

XRP is one of the largest cryptocurrencies by market capitalisation and is often mentioned in the same breath as Bitcoin and Ethereum. It is one of the original cryptocurrencies, being launched 3 years after Bitcoin and 3 years before Ethereum. However, XRP is quite different from these other assets, both in terms of its technology and its use case, as it is designed to serve the central banking system with a low-cost alternative to fiat currency.

Tokenomics

The maximum total supply of XRP tokens is 100,000,000,000. There are currently just over 50,000,000,000 tokens in circulation or approximately 50% of the total supply. There is a schedule built into the protocol to release 1,000,000,000 XRP tokens per month, which started in December 2017.

Why buy XRP?

As cryptocurrency and blockchain technology continues to gain traction across the world, central banks have been looking into adopting digital currencies as a means of facilitating cross-border payments. These digital currencies are known as CBDCs and there has been increasing talk about introducing these altcoins to the global economy.

It is widely believed that XRP will play an important role in facilitating this transition. One piece of evidence that supports this view, is that Ripple Labs have already formed partnerships with some major banks and financial institutions, such as Santander, The Bank of England, and JP Morgan.

The XRP altcoin has been the subject of a long-winded trial with the SEC to determine whether it is a cryptocurrency or a security. However, this is expected to end positively for XRP. Price action for XRP was held back somewhat during the 2021 bull market due to the ongoing SEC trial, but as this concludes, the sky could be the limit for XRP.

XRP Altcoin price prediction 2025: $4.42. This is approximately a 10x increase with a bullish price prediction from the token’s current price, and why it makes it to number 2 on our list of best altcoins to buy. This is due to the fact that the altcoin has a strong use case within the global financial system and looks set to be unshackled from its trial with the SEC in the not-too-distant future.

#3 The Graph (GRT) – APIs for Developers

Overview

The Graph is a decentralised protocol for building applications (dApps) on the Ethereum blockchain. The Graph allows developers to query data from Ethereum using GraphQL, a query language for APIs. GRT is the native token for The Graph, which is used to secure the network and provide access to APIs in the database.

The Graph is a useful tool for blockchain developers, as it collects and collates a broad set of APIs which can be used at the foundation of decentralised applications on the Ethereum network. The Graph is a purely decentralised service that is secured by the Ethereum blockchain, meaning no malicious actor can alter the data being held on The Graph. It is also open source, which ensures transparency.

Tokenomics

GRT has a total supply of 10,000,000,000 tokens, with 69% of this total currently in circulation. The release schedule is set to unlock the remaining tokens at regular intervals over the next 10 years.

Why buy GRT?

The Graph serves an important function in the Ethereum ecosystem. Since Ethereum is open source and provides permissionless access to builders, it also provides open-source tools that enable anyone to freely build using the official resources.

The Graph can extend this functionality, and provide developers with a comprehensive toolkit that can directly help to expand the Ethereum ecosystem. Over time, as more decentralised applications are built and more developers use The Graph, the altcoin price prediction for GRT is that it could rise significantly.

GRT altcoin price prediction 2025: $1.14. This altcoin looks set to reclaim a significant portion of its recent dip and may even push onwards towards its all-time high of $2.34.

#4 BNB (BNB) – The Biggest CEX

Overview

BNB is the official token of Binance, the biggest centralised exchange (CEX) in the world. BNB was initially an ERC-20 altcoin built on the Ethereum blockchain, but has since migrated to Binance Smart Chain, Binance’s native blockchain. Binance Smart Chain is a fork of Ethereum and serves the same functionality as the original Proof of Work protocol that Ethereum has before The Merge in September 2022.

BNB has a number of use cases on Binance, including as a means of paying fees, as a staking vehicle, and as a unit of account for the Binance ecosystem. BNB is also used to power Pancake Swap, a decentralised exchange (DEX) built on Binance Smart Chain.

Tokenomics

There are 200,000,000 BNB in total, with just under 160,000,000 now in circulation. This amount will continue to decrease as tokens are burned on a quarterly basis until the total supply reaches 100,000,000 BNB.

Why buy BNB?

BNB’s price is closely tied to the success of Binance and as the exchange has grown in popularity, so too has the altcoin price prediction of BNB. As cryptocurrency continues to expand across the world, centralised exchanges like Binance are expected to play an important role. They provide a useful and easily accessible method of buying and trading cryptocurrencies.

BNB also has a burning mechanism as part of its protocol, where a percentage of the total fees paid on the network is taken, and the equivalent number of BNB tokens are removed from circulation every quarter. This means that the total supply of BNB declines every 3 months, which also means that every BNB in circulation becomes more valuable over time.

BNB altcoin price prediction 2025: $2800. As Binance no longer needs to compete with FTX at the top of the CEX charts, BNB altcoin looks set to skyrocket during the next bull market as these moments typically attract more users. Combined with a deflationary supply, the token could rise 10x from its current price.

#5 Splinterlands (SPS) – Popular TCG

Overview

Splinterlands is a digital trading card game that uses blockchain technology. The Splinterlands platform allows players to purchase, trade, and battle with digital cards that have been released as NFTs. The game is very popular, with over 1 billion different battles having taken place between players in PvP matches.

Splinterlands uses Splintershards (SPS) as a governance token for the platform. Players can use SPS to vote for different proposals that can directly influence the future of the platform, including new features, and treasury management. Splinterlands has a second native token called Dark Energy Crystals (DEC) which is used for rewards.

Tokenomics

There are 967,721,814 SPS tokens in total, with approximately 87% of this total currently in circulation.

Why buy SPS?

As the Splinterlands platform grows in popularity, demand for SPS is expected to grow alongside it. Splinterlands offers an advanced trading card game that can serve a large number of users across the world with Play-to-Earn functionality.

Through trading digital assets on the platform’s integrated exchange, Splinterlands gives more control back to gamers and generates liquidity for token rewards. The game is well-designed and has already seen major user growth even though it only launched in July 2021.

SPS price prediction 2025: $1.63. Having attracted a significant number of users in a short space of time, Splinterlands looks ready to expand upon its recent success. If the project continues to grow, then the SPS altcoin will benefit from higher demand and the price prediction is that it could rise significantly as a result. Whist it hasn’t made the top list, we still consider this one of the best altcoins you can buy right now.

Conclusion: Metacade is the Best Altcoin to Buy – A Big Opportunity Despite Bear Market Blues

Altcoin price crashes can be brutal, that much is certain. We have seen several key projects capitulate during recent months, including both the FTX and Terra ecosystems. The knock-on effects of these projects collapsing have been catastrophic for altcoins, and prices have dipped across the board.

However, attentive investors see a huge opportunity ahead of them. The 5 best altcoins in this list have high price predictions for 2025.

MCADE price prediction 2025: $6-$8 (750x-1000x from current price)

XRP price prediction 2025: $4.42 (10x from current price)

GRT price prediction 2025: $0.55 (9x from current price)

BNB price prediction 2025: $2800 (10x from current price)

SPS price prediction 2025: $1.63 (40x from current price)

Projects that remain strong fundamentally represent a prime buying opportunity at these low prices and these altcoins are very likely to make serious gains even before the next bull market comes around.

Metacade looks set to explode during its presale with native MCADE being launched at only $0.008 per token. While it could do some major percentage increases over time, all the altcoins listed here look set to have a big future ahead. This recent dip looks more like a flash sale than anything else, which means that long-term investors have plenty to look forward to.

Buy XRP on eToro here.

Buy GRT on eToro here.

Buy BNB on eToro here.

Buy SPS on PancakeSwap here.

You can participate in the MCADE presale here.

The post Revealed: 5 Best Altcoins to Buy and hold long-term in 2023 appeared first on CoinJournal.