Crypto News Archive - Seite 1002 von 1900 - Finanzmittel Info + Krypto + Geld + Gold

14. August 2023

Bald Network developer sends 7,000 ETH to Ethereum, deposits some on Kraken

After a spectacular mess up, Bald developer has transferred ether worth $12.9 million back to Ethereum Network.
The developer deposited 2,100 ether on Kraken.
In most cases, whales transfer cryptocurrencies to exchanges to sell them or trade them for other coins.

After weeks of rapid growth, its mysterious creator of bald (BALD) yesterday transferred $12 million in ether (ETH) back to the Ethereum network. Bald had reached a market capitalization of $80 million before some events caused the token price to fall by 90%.

According to data published by analytics company Lookonchain, The bald token developer transferred 7,000 ether (worth about $12.9M) from the Base network back to Ethereum on Sunday. He then deposited 2,100 ether, worth $3.87 million at current prices, to the crypto exchange Kraken.

According to a Dune Analytics query, this is the first time that more funds were sent out of the Base Network than deposited.

The catastrophic fall of Bald

Bald saw a surprisingly increased popularity in early August, when Base, a blockchain created by Coinbase, wasn’t even formally open to the public. A popular tweet about a trader who turned $500 into hundreds of thousands of dollars caused Bald to soar 4,000,000% in a matter of days, bringing in almost $66 million in ether (ETH) from investors looking to squeeze out profits from an otherwise stagnant larger crypto market.

At the time, Bald appeared to have it all: seemingly limitless liquidity, a thriving neighbourhood, an infusion of fresh traders, and, in some quarters, tenuous expectations that it may develop into the next SHIB. This exhilaration, however, did not endure more than a few days. After reaching a high of $0.02795, bald prices dropped by as much as 90% after the token’s deployer removed millions of dollars worth of liquidity, which swiftly affected sentiment as investors moved to remove their funds from the project.

The deployer had previously contributed up to $35 million worth of ether to a liquidity pool on the Base network-based exchange Leetswap, giving the appearance that the project was well-funded. Along with providing ether in exchange for BALD tokens and selling ether for BALD as prices increased, the deployer may have earned millions of dollars in fees.

The post Bald Network developer sends 7,000 ETH to Ethereum, deposits some on Kraken appeared first on CoinJournal.

14. August 2023

Shiba Memu nears $2M presale milestone – do you buy SHMU?

Shiba Memu presale is closing in on $2 million mark, with nearly $1.9 million already raised.
Interest in the AI-powered crypto meme coin has soared in recent weeks.
Early investors into the project could benefit from potential long term gains.

Few crypto projects currently boost the amount of attention that Shiba Memu, a new meme coin powered by artificial intelligence, is seeing in the market.

As Bitcoin and major altcoins continue to stall at key levels, this crypto project’s presale is attracting massive interest and is on the verge of clocking the $2 million raised milestone.

But what’s making Shiba Memu a likely gem for early investors? We assess below.

Shiba Memu and the meme coin hype

Pepe (PEPE) and Shiba Inu (SHIB) and Floki (FLOKI) have been some of the crypto meme projects to attract huge traction this year. Given how popular these tokens have become, it might be difficult for a new project taking a similar approach to steal some of the fervour and build a community to rival these meme coin leaders.

Yet Shiba Memu is looking to achieve just that using a self-marketing strategy powered by AI. While the likes of PEPE and FLOKI need a significant input of human-driven hype to promote themselves to the community, Shiba Memu will leverage a cutting-edge AI dashboard to reach the global market.

As such, what top meme coins have been able to achieve with traditional marketing strategies could be improved upon manifold by Shiba Memu’s groundbreaking system. Does this mean the project has the capacity to challenge the likes of Dogecoin, Shiba Inu and Pepe?

Most probably, with all the buzz around the project as seen during the ongoing presale. It all suggests investors see Shiba Memu as having long term investment potential.

How Shiba Memu plans to tap into AI technology

Artificial Intelligence is making waves across the tech industry, pulling in billions of dollars’ worth of investment from global giants Microsoft, Meta, Google and Apple among others. Companies such as Nvidia and Palantir have also bet big on the potential for AI to drive revenues and adoption.

It’s a trend also seen across crypto, with crypto AI a new narrative that’s driving applications in trading, decentralised cloud computing, and prediction markets. It’s along these lines that Shiba Memu is looking to become the top AI-powered dog meme coin.

For instance, an automated marketing dashboard will use natural language processing, predictive analytics, sentiment learning and image and video recognition to intelligently target new markets for the native SHMU token.

Akin to a puppy learning new tricks every day, AI is forecast to polish Shiba Memu into what could become the dominant meme coin.

Is buying Shiba Memu today a good investment move?

The Shiba Memu presale currently has SHMU priced at $0.020125. The project has so far raised nearly $1.9 million even as the token’s value has increased from $0.011125 when the token sale launched a few weeks ago.

Notably, and perhaps more appealing to investors is that the token’s value is programmed to increase every day at 6 pm GMT. It will eventually hit $0.024400 for a total of 119% upside from that presale debut price. Going past key levels such as $0.1 and $0.5 on market debut could mean gains of between 310% and 1,950%.

As with every other investment, the key is to acknowledge the risks involved versus the potential reward. This also applies to Shiba Memu, which as noted, is a new crypto project looking to revolutionise an industry that is very nascent.

However, given the projections for both crypto and AI, the latter from tech giants such as Microsoft, suggests putting some money into Shiba Memu as part of an investment portfolio could be worth it down the road.

Learn more about Shiba Memu here.

The post Shiba Memu nears $2M presale milestone – do you buy SHMU? appeared first on CoinJournal.

14. August 2023

Chancer gains momentum as the English Premier League 2023-24 kicks off

A Majority of EPL clubs played their opening matches over the weekend.
The only teams that have not played are Manchester United and Wolves, which is scheduled for today at 22:00 GMT+3.
The English Premier League has added some impetuous into the Chancer presale.

The English Premier League (EPL) 2023-24, one of the most followed and watched games, just kicked off and the presale of Chancer, the world’s first decentralized predictive market-making platform, is gaining momentum. At press time, 30,047,387 CHANCER tokens had been sold raising $1,331,800.21.

The Chancer presale saw increased activity over the weekend as EPL teams played their first matches over weekend and it is expected to gain momentum as the league progresses until its mainnet launch in Q1 2024.

What is Chancer?

Chancer is developing a cutting-edge prediction markets platform based on the principles of user empowerment and decentralization. It aims to primarily function as a peer-to-peer (P2P) betting facilitator rather than a typical betting establishment. It will allow individuals to create and control their own betting markets, a strategy that democratizes the betting market.

The appeal of Chancer, which Adam and Paul Kelbie co-founded, goes far beyond traditional sports betting. Users of the platform will be able to wager on any event they can think of, from the results of football matches including EPL matches and Champions League final to more specialized wagers between friends.

Chancer’s value proposition heavily emphasizes its adaptability, which, along with the company’s plans to become a DAO, distinguishes it from other cryptocurrencies and betting platforms and explains why so many investors are interested in finding out how to buy CHANCER.

At the heart of the Chancer ecosystem is the CHANCER token, which is the primary currency for transactions within the ecosystem.

The value of the CHANCER token is linked to the success of Chancer’s P2P betting concept. As the project grows and widens its user base, the demand for CHANCER tokens is expected to also see an increased uptick leading to a potential price surge. That said, the value of CHANCER has also been rising throughout the presale with each presale stage.

Chancer also stands the chance of attracting users who are currently not attracted to the traditional online betting platforms which are centralized. One of the greatest Chancer prepositions is the ability for users to create their own wagers on anything including activities between friends.

Why is the EPL causing so much excitement around CHANCER presale?

A majority of Chancer investors see it as a great platform for creating betting markets and betting for the EPL matches besides other competitions. And it goes without saying that the EPL is the most followed football league in the world courtesy of the many top talents playing in the various teams.

Although the American Major League Soccer (MLS) has been seeing some traction since Lionel Messi moved to the Inter Miami club, the MLS is still far below the EPL in terms of popularity.

When Chancer officially launches in the first quarter of 2024, the EPL is likely to be one of the most betted competitions on the platform before the 2024 Olympics games begin later on in the year.

Should you invest in Chancer now?

Well, the decision to invest in any project is the prerogative of an investor and requires due diligence especially when it comes to cryptocurrency projects because of the volatile nature of cryptocurrencies.

So, far Chancer has shown its capability to revolutionize the betting industry which was valued at over $2B in 2022. If successful, the project will be a force to reckon with within the betting circles seeing it is introducing an opportunity for CHANCER token holders to create their own wagers on basically anything.

To purchase your CHANCER token, you can visit Chancer’s official website here.

The post Chancer gains momentum as the English Premier League 2023-24 kicks off appeared first on CoinJournal.

13. August 2023

2 technical reasons to buy Bitcoin (or sell the US dollar)

RSI stays above 50 in 2023
The weekly chart points out an ascending triangle pattern
$45k is the next target, providing the Bitcoin price holds above $25k

Bitcoin bulls must be frustrated by the slow price action in the last few months. After all, ever since it met resistance at the $30k level, Bitcoin moved in a very tight range compared to historical volatility.

But the same happened to the FX market. Volatility remains subdued since the EUR/USD climbed over the pivotal 1.10 level, and now traders wonder what comes next – further upside or a reversal of the bullish trend.

The two are connected.

If one looks at the EUR/USD rally from 0.95 and compares it to the Bitcoin rally from $15,000, similarities can’t be ignored. In other words, it is more of a US dollar’s story than Bitcoin investors accumulating more coins.

Faced with this ambiguity, sometimes it helps to look at the bigger picture and interpret charts. In doing so, the bias for Bitcoin price is bullish.

So here are two technical reasons to buy Bitcoin (or sell the US dollar):

RSI stays above 50 in 2023
The weekly chart points out an ascending triangle pattern

Bitcoin chart by TradingView

RSI holds above 50 in 2023

The first technical bullish setup for Bitcoin comes from the Relative Strength Index (RSI). The RSI is an oscillator, typically displayed at the bottom of a chart.

The main theme of the weekly chart above is Bitcoin’s rally from the 2022 lows. The move from $15k to above $30k resulted in the RSI crossing above 50.

The RSI “oscillates” between overbought and oversold levels, marked with 70, respectively 30. When in-between levels, technical traders focus on the 50 mark. More precisely, when the RSI crosses above 50, the price action is bullish, and when it crosses below, the price action is bearish. Of course, traders should be aware of false breakouts.

But the timeframe above (i.e., weekly) suggests no such thing as a false breakout. Just the opposite, considering that the price action has held above 50 since the start of 2023.

Hence, the bias remains bullish while the RSI holds above 50, and the next move should be a climb into the overbought territory.

An ascending triangle pattern hints at a move above $45k

An ascending triangle is a bullish pattern characterized by the price action pushing against horizontal resistance. Its measured move equals the longest segment in the triangle formation and points to further advances toward the $45k area.

However, there is one condition – the price action must hold above $25k. If it does so, the RSI will stay above 50, meaning Bitcoin’s price will finally build energy to break above horizontal resistance.

The post 2 technical reasons to buy Bitcoin (or sell the US dollar) appeared first on CoinJournal.

13. August 2023

AltSignals price forecast 2023: How attractive is $ASI in the presale?

AltSignals is a profitable trading service with more than 64% signal accuracy.
AltSignals has raised $1.3 million in presale as investors show interest in AI trading
$ASI token has been lauded as a 10x investment ahead of Uniswap listing in Q3 2023.

2023 has been a year of twists and turns in crypto. Major cryptos have underperformed, but newly launched projects have found a soft landing. This means Investors are looking for projects out of the ordinary. Cryptocurrencies with the potential to surge strongly in the next bull cycle have benefited. AltSignals ($ASI) has been one of them, with a fast-selling presale suggestion of high investor interest. $ASI has raised $1.3 million in presale amid a huge interest in its new AI-led trading platform.

AltSignals’ AI application in trading

Artificial intelligence is growing and finding applications in numerous sectors. Trading has been one of them, with Altsignals the latest to jump into the AI bandwagon. The company is creating an AI platform dubbed ActualizeAI. Investors will hold $ASI tokens to become a member of ActualizeAI.

AltSignals is a profitable trading signal provider in the UK with half a decade of existence. The company covers financial instruments ranging from forex, stock, and cryptocurrencies. Up to now, AltSignals has been using an algorithm indicator AltAlgo™ to generate trading signals. The company generates signals with an average accuracy rate of 64%.

With AI, AltSignals expects to cover more trading instruments and increase the quality of its signals. In the trading world, AI has been used for generating quality signals. This is achieved through machine learning, natural language processing, and predictive modelling. AI is also devoid of human emotions, enabling traders to make better decisions in trading.

The AltSignals team believes AI will supercharge earnings and give investors more value for money. $ASI, the token of the AI-powered platform, will be the unit of exchanging value. This includes allowing investors to participate in the governance of the platform. Members can earn more tokens by contributing ideas through an AI Members Club. There are also trading competitions where investors can improve their trading skills and earn $ASI.

$ASI prediction and investment opportunity

$ASI has a huge opportunity to succeed, given that it powers an already successful trading platform. Success is illustrated by its over $52,000 followers on Telegram and 1,400 VIP members. That gives $ASI a headstart as it gears to list on Uniswap in the third quarter.

But the future growth of AltSignals depends on how much it continues to attract users. With a blockchain and AI angle, the visibility of the platform could grow. As more members join to benefit from the trading signals, the value of $ASI could skyrocket.

It means that AltSignals is an ideal investment for investors looking for a token with real-world utility. The token can deliver consistent returns and sustainable returns on increased use of ActualizeAI.

Predictably, analysts expect $ASI to close the year at $0.20. The current price for the token is $0.01875, implying an increase of nearly 1,000%. An increase of this magnitude happens quite often with newly launched tokens. This means $ASI has a real chance to rise by 10x, per analysts’ estimates.

While this thesis finds $ASI with such a realistic potential, the increase could occur in the medium term. Potentially, the increase could occur over 2024 as the use of the platform grows. In 2023, a price increase of three-digit percentages would be more realistic.

Should you buy AltSignals in August?

AltSignals presale is happening first, while the token listing is fast approaching. $ASI’s value could increase exponentially after listing. Investors might be forced to pay a premium buying a token on exchanges than on presale.

An ideal investment decision is to buy $ASI when the price is still low on presale. This allows investors to benefit from a possible rise in value when the token is listed.

The post AltSignals price forecast 2023: How attractive is $ASI in the presale? appeared first on CoinJournal.