Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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LADYS memecoin craze: what to know as Milady skyrockets

  • Milady (LADYS) price jumped more than 10,000% in a few hours after an Elon Musk tweet of a meme image. 
  • LADYS price was up over 3,200% at the time of writing as major exchanges listed the meme token.
  • Milady is ranked 238th by market cap on CoinGecko, with $122 million in MC.

The memecoin carnival just got another trendy token as the price of Milady (LADYS), which has no particular association with the NFT project Milady, soared more than 50x in 24 hours.

Recent dominance of the meme token trend by Pepe (PEPE) took a backseat as Crypto Twitter reacted to developments around the token.

As of writing, the LADYS token was trading around $0.000000133704, roughly 3800% up with a trading volume of over $221 million (up 11,914% in the past 24 hours).

 According to data on CoinGecko, Milady has a maximum supply of 888 trillion LADYS.

What’s behind the Milady (LADYS) price explosion?

The massive price gains early 11 May, 2023 pushed the value of the new meme coin up over 18,000% from its all-time low reached just 24 hours earlier on 10 May.

Milady price took to the moon on Wednesday, with the reaction to a tweet by Elon Musk that highlighted the Milady NFT, jumpstarting a flurry of buy activity. The Musk tweet aside, multiple exchanges, including Bybit, Bitget, Huobi, Gate.io and MEXC Global have listed or announced listing support LADYS.

But on what Milady is and looks to offer, details on the memecoin’s website states:

“$LADYS coin has no association with Charlotte Fang or her creation Milady Maker. This token is simply paying homage to a NFT collection we all love and recognize. $LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

Milady price outlook

In terms of price performance, whether LADYS price can sustain the upside momentum remains to be seen. But one thing likely to happen is for price to dump as people take profits. 

Small investors wil have to be wary of the potential sell-off likely to be triggered by large holders, the so-called whales. These entities hold trillions of LADYS tokens and could look to dump on retail. PEPE dumped earlier this week as a whale sent trillions of tokens to a major crypto exchange.

Crypto news alert and smartmoney on-chain account Lookonchain highlights one such whale as DWF Labs.

The post LADYS memecoin craze: what to know as Milady skyrockets appeared first on CoinJournal.

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AltSignals attracts more investors even as Google goes all-in on AI

  • The AI trend and why it could be a great catalyst for AltSignals and ASI as Google takes the lead.
  • The ASI token presale continues to attract more investors, with the current stage nearly 70% sold out.
  • Is ASI the coin to buy for investors looking to tap into a promising AI-powered cryptocurrency?

Artificial Intelligence (AI) is the biggest narrative today, a trend that’s unlikely to cool down any time soon given the traction the likes of Google, HuggingFace, and Synthesia have given the sector. Amid the global AI push, including in cryptocurrency and blockchain, a new platform is quietly gaining traction as a potential game-changer for the trading industry.

That project is AltSignals (ASI), whose presale is quickly gathering pace as more people look to make an early investment in its upcoming AI-powered platform.

The AI narrative for AltSignals – Google leads the charge

The past few months have been wildly insane in the Artificial Intelligence sector, with massive interest in OpenAI’s ChatGPT seeing a flurry of activity from the likes of Google, Microsoft, and others. 

Palantir, a company known for its military contracts with the US government, recently highlighted its revenue projections for 2023 where the main driver is expected to be its new AI driven platform.

Going back to the Google news, AI is coming to Gmail, Docs, Google Maps, and Photos. Google Search is set to be interactive as ChatGPT and PaLM 2 has added Bard, removed the waitlist and been made accessible in nearly 180 countries, according to a company blog.

Google’s products serve billions of people and businesses, and AI could drive these numbers even higher. Growing its business to cater to more people could be what drives projects like AltSignals amid the revolutionary innovations that are changing how people tap into the markets.

Here’s what to know about AltSignals and ActualizeAI?

AltSignals is a trading company that launched in 2017, and offers access to multiple market and trading signals via its AltAlgo trading tool.

Traders leveraging the signals get insights into when to buy or sell. The AltSignals team has taken the trading algorithm and integrated it with artificial intelligence, machine learning and natural language processing capabilities, an upgrade that is set to go live to the public in coming months.

The AI trading platform is called ActualizeAI, which will incorporate the power of artificial intelligence and blockchain technology to bring more accurate trading signals to its users.  And as it is clear the integration of AI into everything tech will continue into the future, projects such as AltSignals that have an established business model do have an edge.

Already a successful platform, new powerful capabilities via an AI layer can only help strengthen its pull as an investment opportunity.

What is the ASI token?

ActualizeAI will have a native cryptocurrency dubbed ASI that will give holders access to the new trading toolkit. The ASI token will also power various activities in the new ActualizeAI ecosystem, giving holders further opportunities to earn passive income from their initial investment.

Also beneficial to holders is the governance rights that will come with ASI when the upgrade goes live, with traders on the platform having greater say in how the project develops and such.

The initial sale of the ASI token is ongoing and is proving quite successful with the current presale stage nearly 70% sold out just days after the previous phase ended.  

AltSignals price today?

The ASI token’s value is currently at $0.015, up from $0.012 during the first presale stage. 

As highlighted in the AltSignals website, the price of ASI is expected to rise to $0.02274 by the end of the presale. Potential investors will want to note that ASI supply is capped at 500 million tokens, and 290 million, or 58% of them are available across 5 stages of the token sale.

Is ASI worth adding to an investment portfolio?

AltSignals’s market presence is now nearly six years in. Details on their website suggest the platform has quickly grown into a project that over 50,000 traders around the world trust. 

No doubt every investment has risks, and cryptocurrencies can be even riskier as the market grows. That’s why people are encouraged to do their own research before investing in a project.

For ActualizeAI, the strength could be in its growth towards potentially becoming the leading trading signals provider across the cryptocurrency, stocks and forex markets. As an investment, demand for the ASI token (as seen in the presale) will certainly help in price appreciation.

ASI token price prediction

Once the presale is over, the token will list on leading cryptocurrency exchanges. The project’s roadmap gives a timeline of when this will happen, beginning with Uniswap. 

There will also be OTC partnerships, private sale for members and listing on CoinGecko and CoinMarketCap. Multiple projects have exploded on listin on major exchanges, including the recently lauched meme coins Pepe (PEPE) and Floki Inu (FLOKI).

With more traders being onboarded as the age of the AI shines a spotlight on its future capabilities, the outlook for ASI is one where artificial intelligence, blockchain technology and investment demand could combine to catapult the token’s value higher. Price targets in 2023 could include $0.05 and $0.1.

If you wish to learn more about ActualizeAI or buy the ASI token, you can visit the presale page.

The post AltSignals attracts more investors even as Google goes all-in on AI appeared first on CoinJournal.

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Why is the crypto market down today? BTC briefly slips below $27k

Key takeaways

  • The cryptocurrency market is down by roughly 1% over the past 24 hours.

  • Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500.

  • The dump came due to reports that there was a transaction with the United States government’s BTC wallet.

Why the crypto market is down today

The cryptocurrency market recorded a sharp spike in movement a few hours ago. Bitcoin, the world’s leading cryptocurrency by market cap, was trading just above $28k earlier today.

However, BTC fell below the $27k level for the first time in more than a week, briefly touching the $26,990 mark before retracing its movement.

According to market experts, the sharp decline in Bitcoin’s price came as a result of a transaction from the United States government’s BTC wallet. 

Data obtained from Blockstream showed that 9819.01814463 bitcoins were on the move from the wallet. This large transaction was reflected in the market, with Bitcoin dropping below the $27k mark for the first time in a month. 

Bitcoin recovers to trade above $27,500

The dump didn’t last long, as Bitcoin is now trading above the $27k level once again. At press time, the price of Bitcoin stands at $27,502, down by more than 2% in the last hour.

Bitcoin is not the only cryptocurrency that recorded losses. Ether, the second-largest cryptocurrency by market cap, also dropped below the $1,800 mark earlier today before retracing to now trade at $18,36 per coin.

The post Why is the crypto market down today? BTC briefly slips below $27k appeared first on CoinJournal.

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Crypto price prediction: Bitcoin, Ethereum and KAVA after CPI data

  • Bitcoin price broke to $28,200 while Ethereum hovered above $1,800 as stocks climbed on US CPI data.
  • KAVA price also rose, jumping 11% amid the positive sentiment and increased network activity.
  • BTC, ETH and KAVA are trading near key technical levels.

The global cryptocurrency market rose 1.8% on Wednesday to $1.2 trillion as investors reacted to the latest US inflation data. The price of Bitcoin (BTC) was up 3% to $28,270 while Ethereum retested levels above $1,800 following recent dumps for the top two coins by market cap.

Elsewhere, US stocks turned green as Consumer Price Index (CPI) data showed inflation continued to cool, with the annual rate now at its slowest pace in two years.

Gains across equities and in the crypto major caps were also replicated in the medium and small cap altcoins. A notable upside was with the price of Kava (KAVA), which was up more than 11% as of 12:20 ET.

BTC, ETH, KAVA price prediction: what next after CPI bump?

BTC/USD

Bitcoin price had fallen below $28k this week following the large transaction volumes that hit the network and saw fees skyrocket. The congestion, attributable to the rise in BTC-20 tokens, forced crypto exchange Binance to halt BTC withdrawals on two occasions. The ensuing FUD pushed Bitcoin price lower.

Although prices are above $28k again, market experts and analysts suggest bulls are not in control yet. This is because the price remains below the key technical level of $30,000. Crypto analyst Rekt Capital noted via a tweet:

ETH/USD

Ethereum is hovering above a key support level after this week’s weakness. The ETH/USD pair fell to lows of $1,800 on Monday and saw four consecutive red candles on the daily timeframe before today’s uptick.

The RSI and MACD suggest bears are still strong and bulls are likely to struggle for support at current prices. This means the $2,000 remains a key technical level and moving further off it could spell more bloodbath for ETH price. Here’s an analyst’s Ethereum price prediction?

KAVA/USD

KAVA is the native token of layer-1 blockchain Kava, which ranks as the 98th largest cryptocurrency by market. The price of KAVA hit the all-time high of $9.12 in August 2021. At current prices, its value is more than 90% down.

However, increased ecosystem activity around DeFi on the Kava blockchain has aided the double digit gains seen in the past 24 hours. It’s what pushed KAVA/USD towards the psychological $1. 

The main barrier for KAVA remains the $1.12 zone, while bears could enjoy some bloodbath to $0.52.

Kava price daily chart outlook. Source: TradingView

 

The post Crypto price prediction: Bitcoin, Ethereum and KAVA after CPI data appeared first on CoinJournal.

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Bitcoin shorts surge on BitMEX, implications for Metacade price?

  • Metacade price rose to an all-time high after its presale and listing on major cryptocurrency exchanges.
  • Today’s Bitcoin price prediction highlights the implications for Metacade price as BTC is heavily shorted.
  • The week is key to investor sentiment with markets awaiting US inflation data.

Bitcoin (BTC) traded around $27,575 on Wednesday morning even as equities and other risk assets traded lower ahead of key US inflation data. While US Futures and European stocks edged lower, Bitcoin lumbered within a range that sees it down nearly 4% this past week.

On-chain data shows BTC is being heavily shorted as investor caution adds to the negative sentiment that has prevailed since the dip from highs of $30,000. What does the outlook for Bitcoin price mean for Metacade (MCADE)?

Bitcoin price prediction: crowd sentiment is negative but what’s the outlook?

The price of Bitcoin rose to $30,000 last Friday, with bulls looking to retest recent year-to-date highs. However, with sentiment flipping negative amid broader market anxiety and new FUD saw the benchmark cryptocurrency’s value dump to a weekly low under $28,000.

At current prices, Bitcoin is under fresh pressure with on-chain data showing bets on further declines have surged on crypto exchange and derivatives trading platform BitMEX. 

For the BTC price outlook, analytics firm Santiment points to Bitcoin’s funding rate, which is at its most negative ratio in nearly two months. While prices are likely to fall to support in the $25,000 region should a meltdown follow the CPI data and investor reaction to potential Fed rate hike path, the current crowd perspective has historically given way to new upside momentum.

Santiment says of BTC price prediction:

“Bitcoin’s funding rate on BitMEX is seeing its most negative ratio since the heavy bets against prices in mid-March, just before prices soared. Generally, price rise probabilities increase when the crowd overwhelmingly assumes prices will be dropping.”

This short term outlook for Bitcoin price will likely align with the anticipated new bull cycle ahead of the next halving. Altcoins are likely to see some action before then, and projects with greater ecosystem pull like Metacade could be stand out performers.

Metacade’s big GameFi ecosystem bet

Metacade is a play-to-earn (P2E) project looking to offer the gaming ecosystem an all-in-one GameFi and Web3 hub. As highlighted in the project’s whitepaper, the goal is to offer an arcade-style gaming platform where gamers, developers, and crypto enthusiasts connect, play and earn.

One aspect of Metacade’s unique approach to the gaming ecosystem is its rewards system. Unlike other traditional P2E platforms, MCADE offers complete utility as it allows for multiple earn revenues for token holders and investors via a strategy that will bring new game titles.

The team is also focused on incorporating leading industry gaming studios and developers, opening up the platform to growth into the ultimate GameFi environment.

The platform is set to go live soon and has a native token that will power transactions and interactions for users. The token, MCADE, concluded its presale successfully in April before going live on major exchanges Uniswap, BitMart and MEXC Global.

Is MCADE worth investing in in 2023?

Metacade’s MCADE token sold out swiftly during its presale, with investors scooping the allocated supply portion amid greater interest in what the project offers. Investors also saw the token’s value explode after the crypto market showed confidence in Metacade’s potential with listings on the highlighted exchange platforms.

Accomplishing roadmap milestones such as introducing Metagrants to support ecosystem development, and improving governance via a DAO, could help catapult Metacade into position as one of the biggest crypto gaming platforms.

The upcoming launch of the mainnet coupled with the diverse opportunities MCADE offers could be the catalysts that elevate Metacade’s price in 2023 and beyond.

Metacade price prediction

Market experts are long-term bullish on Metacade price, particularly on being a potential game-changer in the GameFi sector.

Metacade has a fixed supply of 2 billion MCADE tokens, with 1.4 billion tokens (70% of supply) available to investors during the presale. Demand for the token and removal from circulation via a burning mechanism should see buy pressure push the price higher long term as more people enter the Metacade ecosystem.

If we look at Metacade price today, we see its trading largely in tandem with the major altcoins. The forecast for MCADE price in the short term looks at the broader implications of Bitcoin ripping higher again to uplift the entire sector.

MCADE price hit an all-time high of $0.045 on 3 May 2023. The token’s current price is $0.024, down nearly 9% in the past 24 hours. MCADE/USD is also in negative territory on the weekly timeframe, although it trades above its Uniswap listing price level of $0.022 per token in April.

If the altcoin market dumps further, primary support for MCADE would be at around the mentioned buffer of $0.022. There’s a possibility of $0.020 and the all-time low of $0.014 could come into play incase of a deeper rot.

Should bulls regain control, a retest of the peak and targets of $0.1 in 2023 will likely be achievable. Meanwhile, the medium term price target could be $1 in 2024.

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