Kategorie: Crypto Markets

• Band Protocol (BAND) price was up 16% to $1.90 as major exchanges including Binance announced support for its network upgrade.
• The uptick in cryptocurrency prices, with Bitcoin (BTC) price bouncing to $29,000, also saw NEM (XEM) price rise 4% to $0.04.
• The price prediction for BAND and XEM is for a continued bullish flip, although buyers need to hold critical support levels.

Bitcoin (BTC) flipped higher from key support that has held over the past few days, with the bump to $29,000 providing a fresh bullish outlook for the cryptocurrency. With BTC price 6% up in the past 24 hours and crypto bouncing as new concerns hit the banking sector, a few altcoins look primed to make some decent moves.

Band Protocol (BAND) and NEM (XEM) are green today, but what’s their short term price outlook?

Band Protocol price prediction: BAND bullish above critical support level

The Band Protocol network upgrade is coming on 27 April 2023 and the native BAND token is surging. Major exchanges, including Binance are set to support the upgrade, and that has the community excited. But what’s the BAND price outlook? 

BAND/USD recently broke down from a rising parallel channel on the daily time frame to hit support around $1.65. Today’s double digit gains (BAND price is up 16% at the time of writing) has the coin trading above both the 50-day and 200-day exponential moving averages.

While the upside momentum is likely to push the price of Band Protocol higher, the key resistance zone is at the $2.0 psychological level. A bullish performance over the next few days could see buyers target $2.8.

On the downside, failure to consolidate gains above the $1.8 level could leave sellers eyeing $1.33.

The XEM cryptocurrency has largely plateaued since its descent from highs of $0.77 reached in March 2021. Having corrected to lows of $0.028 in December 2022, XEM/USD flipped positive to hit $0.056 in February 2023.

The cryptocurrency retested the $0.028 support level again today, 26 April 2023. But bulls are battling to recoup gains amid the overall crypto bounce.

The coin currently trades near $0.04, with about 4% upside in the past 24 hours. But XEM remains negative on the week and in the past 30 days, trading 11% and 5% down respectively over these time frames.

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• Binance.US has reportedly terminated its deal for assets of Voyager Digital.
• The $1 billion deal had been approved by a US court.
• The price of VGX, the native Voyager token, fell more than 10% after the news.

Binance.US has terminated its acquisition deal for the assets of Voyager Digital, according to a tweet posted on the bankrupt crypto lender’s Twitter account.

“Today we received a letter from Binance.US terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform,” the announcement read.

1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform.

— Voyager (@investvoyager) April 25, 2023

The Voyager token VGX fell more than 10% after the news, trading to lows of $0.317.

The purchase agreement for Voyager assets has been somewhat on and off, with Binance.US first being blocked from the deal by US authorities before a court allowed it to proceed. Despite the latest setback, the Voyager Chapter 11 plan team says the key is to return value to the platform’s customers.

“Consistent with the plan, we will now move swiftly to return value to customers via direct distributions. We will provide more information on next steps and any actions customers need to take in the coming days,” the tweet read.

Voyager filed for bankruptcy in July 2022 after a market turmoil amid contagion forced it to halt withdrawals.

Binance.US had not released a statement on the development at the time of going to press.

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• DigiToads (TOADS) offers an innovative approach to the NFT space and a promising investment opportunity.
• LDO is the native token of popular liquid staking platform Lido DAO.
• Meanwhile, Toncoin’s TON has the potential to benefit from the massive Telegram community and the social media giant’s involvement in The Open Network blockchain. 

From decentralised finance (DeFi) to non-fungible tokens (NFTs), the crypto space is evolving rapidly.

As the markets evolve and cryptocurrency becomes a viable investment option, more and more investors are looking at the next big opportunity. 

While the more established coins like Bitcoin and Ethereum remain top assets for any portfolio, DigiToads (TOADS), Lido DAO (LDO), and Toncoin (TON) offer promising potential for growth and profitability. 

Here is an outlook for the three altcoins and why they may be well-positioned to take advantage of the latest trends. 

DigiToads

DigiToads sits on the top tier of the three altcoins that have the potential to soar in 2023. DigiToads is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). 

The project aims to provide its users with a fast, low-cost, and user-friendly trading experience while offering them unique benefits, such as liquidity provision incentives and staking rewards. 

DigiToads also features a governance token (TOAD) that allows its holders to participate in the decision-making process of the platform and earn rewards for doing so. 

A big highlight of DigiToads is its presale. The presale of DigiToads is up and going in full swing. 86% of the total TOADS token has already been sold, and we still have time till the end date. 

This presale offers a chance to buy into an exciting new project.

 >> Buy DigiToads Now <<

Lido DAO

Lido DAO is another altcoin on many investors’ watchlists. Lido DAO, founded in December 2020, is a Decentralized Autonomous Organization that facilitates Ethereum liquid staking. The platform seeks to overcome the challenges associated with traditional staking by allowing users to stake their assets without locking them up for prolonged periods. 

The LDO project has swiftly emerged as one of the best liquid staking tokens, attracting over $13 billion in staked assets in less than a year of its launch. 

Additionally, the platform features a referral program that rewards users with LDO tokens for introducing others to stake on the platform. Lido DAO has implemented a safelist feature for its referral program, ensuring that incentives are only distributed to Lido DAO-approved partners.

TonCoin

The Open Network (TON) has its cryptocurrency, Toncoin (TON), and operates as a decentralized Layer-1 blockchain network. The project was initially developed by Telegram before it fully became a community-run platform following legal action by the SEC. 

After a slow start, Toncoin has been experiencing significant activity lately, largely due to Telegram’s recent focus on creating a decentralized blockchain ecosystem.

As a result, Toncoin boasts one of the most extensive crypto communities, with a loyal and bullish following that believes in its potential. The community is committed to supporting the project and remains optimistic about its future success.

In 2023, several crypto exchanges and traders are rating TonCoin highly. So, holding this coin might be a great addition to your portfolio..

DigiToads (TOADS), Toncoin (TON) Lido DAO (LDO): Summary

DigiToads, Lido DAO, and Toncoin are three altcoins investors might want to look at and consider holding for 2023. DigiToads’ innovative approach to the NFT space, Lido DAO’s popular liquid staking platform, and Toncoin’s potential to benefit from Telegram’s involvement in decentralized blockchain ecosystems make them promising investments.

With these features and fundamentals, and the expected growth across the market, TOADS, LDO and TON stand out as among the top cryptocurrencies to invest in 2023. 

If you are looking at DigiToads, you can get more information by visiting their website, join the presale or join the community for regular updates.

The post Three altcoins to hold for 2023: DigiToads (TOADS), Lido DAO (LDO), and Toncoin (TON) appeared first on CoinJournal.

• Chamath Palihapitiya, a top tech investor and crypto bull, says regulators have killed crypto in the United States.
• He notes that regulators have their guns trained at crypto, highlighting regulatory uncertainty and the crackdown on crypto companies. 
• Palihapitiya said in 2021 that Bitcoin had replaced gold, predicting that BTC would rise to $200,000.

Tech billionaire Chamath Palihapitiya, a long time bitcoin bull who once predicted the price of the flagship cryptocurrency will rise to $200,000, saying BTC had replaced gold, has commented on the state of the crypto industry in the United States.

He says the regulatory uncertainty has killed the crypto innovation in the country.

Crypto dead in the US thanks to regulators

In comments shared via an episode on the All-In podcast, Palihapitiya warned that “crypto is dead in America.” 

The venture investor’s remarks came a few days after the crypto industry largely criticized the overall outlook of the crypto regulation in the US following SEC Chair Gary Gensler’s appearance during a congressional hearing.

According to Palihapitiya, regulators are largely to blame for crypto’s demise in the country, highlighting Gensler’s comments that appeared to connect crypto to Silicon Valley Bank’s collapse. Blaming the recent banking crisis on the crypto sector was the US authorities having their guns firmly pointed at crypto, the investor said.

US regulators have over the past few months tightened their crackdown on crypto, with crypto exchanges Coinbase, Kraken, Bittrex among those targeted.

While Coinbase CEO Brian Armstrong recently said the company could relocate if the regulatory environement did not improve, Bittrex plans to wind down its US operations following the SEC charges citing regulatory uncertainty. 

Coinbase also sued the SEC on Monday with the complaint against the agency relating to a rule making petition the exchange filed in July 2022.

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• The price of Bitget Token (BGB) rose nearly 10% on Monday after Bitfinex announced the token’s listing.
• BGB is the native utility and governance token on crypto derivatives platform Bitget.
• Bitfinex will open deposits for the token on 25 April 2023 at 10 AM UTC, with trading going live on 27 April 2023.

Bitget Token (BGB) price has surged amid news that major cryptocurrency exchange Bitfinex will be listing the token on its platform. 

BGB price traded to a high of $0.41 on Monday, with the 9% gains at the time of writing also reflected in the jump in Bitget Token’s daily trading volume. The gains means BGB price is now just 21% off the all-time high above $0.51 reached on 16 February, 2023.

Bitfinex to list Bitget’s BGB

BGB is an ERC-20 token that works as a governance token on Bitget and users require it to access and utilize services on the derivatives platform. BGB holders can also stake their tokens and benefit from rewards and discounts, with zero withdrawal fees for staked BGB.

The token is ranked 83 by market cap (currently at $567 million) on CoinGecko and has a circulating supply of 1.4 billion BGB. 

On 24 April, 2023  Bitfinex announced that it would be listing BGB, the native token of Bitget, a top crypto derivatives exchange. The listing put BGB tokens on one of the best crypto exchanges, and the largest one to list the token. Trading on Bitfinex will increase BGB’s liquidity as well as visibility, probably adding to demand.

Deposits for BGB will open on Bitfinex on 25 April 2023 at 10 AM UTC while trading will commence on 27 Apri 2023 around 10 AM UTC. The token’s initial trading pairs are set to be BGB/USD and BGB/USDT.

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