Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

XRP price prediction as Ripple’s open interest surges

  • The XRP coin has bounced back in the past two days.

  • Ripple’s open interest has jumped to the highest level this year.

Ripple price has bounced back in the past two straight days as investors buy the dip following last week’s partial victory in the United States. The XRP coin rose to a high of $0.80 on Wednesday even as Bitcoin remained stagnant slightly above $30,000.

Ripple open interest jumps

XRP coin price made a spectacular recovery last week after the partial victory by Ripple Labs as we wrote here. The judge ruled that while Ripple Labs broke the law in 2013, the XRP coin was not a financial security.

That declaration was an important one for the cryptocurrency industry since it came a few weeks after the SEC filed major lawsuits against Binance and Coinbase. One of the common allegation was that the companies were offering unregulated securities, including Ripple.

Therefore, there is a likelihood that the SEC will go slow its lawsuits against cryptocurrencies and exchanges.

Meanwhile, XRP price is rising as investors buy the recent dip and as open interest of the currency rise. Data shows that open interest rose to over $1.1 billion in the past 24 hours. This is the highest that the interest has jumped this year. Interest has jumped by over 21% in the past few days.

Open interest refers to the number of unsettled futures contracts in the market. And a higher number is a sign of increased bets of a financial asset. This explains why the XRP price has jumped sharply in the past two days. As expected, most of this open interest is dominated by two exchanges: Binance and Bitget. 

XRP price prediction

The daily chart shows that the XRP crypto price jumped sharply last week after the court ruling. It jumped and peaked at $0.9267 and then pulled back as some investors started taking profits. Now, the coin has bounced back as these same investors buy the dip. It remains above the 50-day and 25-day moving average while the Relative Strength Index (RSI) moved to the overbought level.

Therefore, there is a likelihood that the coin will continue rising as buyers target the key resistance level at $0.9267. A move below the support at $0.70 will invalidate the bullish view

How to buy Ripple

eToro

eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.

Buy XRP with eToro today

Bitstamp

World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.

Buy XRP with Bitstamp today

The post XRP price prediction as Ripple’s open interest surges appeared first on CoinJournal.

Veröffentlicht am

Chancer underscores future of online betting with epic presale

  • Chancer presale sees strong investor interest with over $835k raised just weeks into the token sale.
  • Chancer could disrupt the online betting industry via a revolutionary P2P betting model.
  • Early buyers of $CHANCER can now do so with ETH, USDT, BUSD and BNB.

A recent report from K33 Research revealed that the global crypto industry currently stands at $180 billion.

Meanwhile, the global online betting and gambling market is worth over $60 billion. Growth projections for these sectors point to an average of 11% CAGR to 2030. It is a scenario that alludes to the unprecedented growth investors anticipate for both crypto and online betting.

Tucked in between and out to underscore this future is Chancer, one of the most exciting crypto project for the betting industry whose presale has seen incredible interest and investment.

Chancer’s unique approach to the online betting

According to its whitepaper, Chancer is building the “world’s first decentralized social predictive markets platform.” The goal is to redefine the online betting market with a new peer-to-peer (P2P) model that puts control over market making into the hands of the user.

The project leverages blockchain technology to allow users be in charge of their markets, odds and rules – simply play your game at your own rules. 

No centralised power as is the case with current market where bookmaker have the biggest say in what bettors can access and how they do it. On Chancer, users can create a predictive market on any event, right from the local market’s most mundane occurences, to the world’s biggest sports and entertainment events.

Chancer is also not just another betting platform – it is designed to grow into a robust community spanning the global market. Its core features of blockchain and cryptocurrency support enhance the outlook of a project set to revolutionise the predictive markets space, likely attracting more and more users as all that is deficient with the traditional online betting platforms is essentially removed.

Powering Chancer’s P2P betting model is its native token $CHANCER. Apart from handing control to the user, $CHANCER opens up the platform to true decentralisation. It also promises to democratise social betting with integration of bet sharing and livestreaming features.

$CHANCER’s blockbuster presale

The crypto space currently has numerous token presales for projects looking to raise funds from prospective early backers. At any given time, these projects see varying degrees of success, including reaching targeted amounts to support roadmap milestones.

Chancer’s presale is proving to be one of the success stories already, less than six weeks into the event. After surpassing the $750k mark last week, the amount of $CHANCER sold has topped $835k and is poised to hit the landmark $1 million in record time.

The total supply for $CHANCER is 1.5 billion tokens, 65% of which will be available throughout the 12 stage presale phase. Investors can buy tokens using ETH, USDT, BUSD and BNB, the first two buy options recently added in a step that could see more people easily buy $CHANCER.

Buy $CHANCER here.

Will $CHANCER price reach $1 in 2024?

At present, the Chancer presale price is $0.01 and will jump to $0.011 in the next stage. The token’s price at the end of the presale is set to be $0.021.

Crypto investors might view these prices as an ideal entry point, particularly for a project that’s projected to take a big bite from a market expected to see significant growth all through to 2030.

With interest so high and crypto flying following Ripple’s recent victory against the SEC, it’s likely the token will sell out faster than anticipated. This even as investors eye a position in what could be the biggest investment opportunity of 2023.

As for price, its difficult to pinpoint future performance due to the factors that can be at play during given market scenarios. While a token launching in a bull market phase – as $CHANCER is likely to be when it goes live later in 2023 – opposite market conditions could hinder price discovery when tokens list on crypto exchanges. But can it rise to $1 in 2024?

A confluence of factors could help catapult Chancer price higher, including a raging bull market fueled by approval for first US spot Bitcoin ETF, regulatory clarity and Chancer mainnet.

Interested in buying $CHANCER? Join the presale.

The post Chancer underscores future of online betting with epic presale appeared first on CoinJournal.

Veröffentlicht am

Best AI cryptocurrencies to invest in: Shiba Memu, SingularityNET

  • Artificial intelligence is the biggest theme in the market this year.

  • Most companies have unveiled their artificial intelligence plans.

  • Shiba Memu and SingularityNET are some of the best AI coins.

Artificial Intelligence (AI) has become the fastest-growing technology in the world. In the corporate scene, companies like Nvidia, Microsoft, and C3.ai have seen their stocks surge this year. Nvidia, a GPU manufacturer, has seen its market cap surge to over $1 trillion.

Many companies have unveiled their AI plans. Microsoft has launched a suite of AI tools, including Copilot. On Tuesday, the company revealed pricing of these products, with a monthly subscription of Copilot going for $30. Google has launched Bard while Elon Musk has launched xAI. In this article, we will look at the best AI cryptocurrencies to buy.

Shiba Memu (SHMU)

Shiba Memu is a new cryptocurrency that has a lot of potential. Currently in presale, the developers have raised almost $1 million in less than three weeks. This makes it one of the fastest-growing cryptocurrencies this year.

Shiba Memu, as you can see in this white paper, is a cryptocurrency that is at the intersection of two trends: artificial intelligence and meme coins. As the name suggests, the token as inspired by Shiba Inu, the second-biggest meme coin in the world. 

Shiba Memu will have some AI tools. For one, it will be the first crypto platform to use AI to market itself. In this, the network will learn new marketing strategies, create its own press releases, and promote itself across all popular social networks. The goal is to create a platform that is self-reliant and transparent in the market.

All this content will be shown in the intuitive Shiba Memu dashboard. This dashboard will show the performance of its content and identify key trends.

There are three main reasons why Shiba Memu’s token will do well. First, as mentioned, it is in the two popular industries this year. Second, the token has the momentum it needs to become the next big thing. In this, it has raised over $977k within a few days. Finally, it could jump because of the macro element since America’s inflation is falling.

You can buy the Shiba Meme token here.

SingularityNET (AGIX)

SingularityNET is another AI-focused cryptocurrency to buy. AGIX, its ecosystem token, is one of the top-performing cryptocurrencies this year, having gained by over 500%. 

SingularityNET is a Cardano–based blockchain that is creating a platform for decentralized artificial intelligence. Its ecosystem is made up of projects that are changing the industry in a large scale.

For example, there is Rejuve.ai, a platform that is focused on longevity research. It has built a decentralized network of researchers, clinicians, and data contributors. 

Other parts of the network’s ecosystem are Awakening Health, SingularityDAO, Cogito, and Nunet. Cogito is building a new class of digital assets known as tracercoins that leverage risk-weighted reserves and AI-powered stabilization.

SingularityNET is a good AI coin to invest for two main reasons. First, unlike many other cryptocurrencies, it has a real ecosystem that is growing. Second, the token has a proven track record of performance. 

The post Best AI cryptocurrencies to invest in: Shiba Memu, SingularityNET appeared first on CoinJournal.

Veröffentlicht am

Actor Ben McKenzie says crypto is like a ‘Ponzi scheme’

  • McKenzie says cryptocurrencies resemble an MLM scheme.
  • He calls for the need to better regulate and license this market.
  • Bitcoin is currently up a whopping 80% versus the start of 2023.

An 80% year-to-date rally in Bitcoin is not enough to substantiate the legitimacy of cryptocurrencies for actor Ben McKenzie.

McKenzie dubs crypto an MLM scheme

McKenzie does not see cryptocurrencies as financial assets per se.

He views them more as a “story” that can be pushed out of existence if people stopped believing in them. On CNBC’s “Squawk Box”, the actor who played James Gordon in “Gotham” said:

Crypto resembles a Ponzi scheme or multi-level marketing scheme. In MLMs, 99% of people lose and 1.0% benefit. In crypto, it’d be exchange owners, VC firms, people that issue the coins.

Still, the U.S. Securities & Exchange Commission has recently received several applications including from BlackRock Inc for a Spot Bitcoin ETF that signal institutional interest in BTC.

McKenzie says regulation will help

Last month, the regulator sued both Binance and Coinbase Global Inc for violating U.S. securities laws.

According to Ben McKenzie, greater regulation and more sophisticated licensing could indeed help turn crypto into a proper financial market.

You’re talking about an unregulated, unlicensed market run through shell corps in Caribbean. Crypto has benefitted from gray area between how we classify securities and commodities.

The veteran actor is even more bearish on cryptocurrencies other than Bitcoin as the latter is at least limited in terms of supply. Also on Tuesday, Professor Carol Alexander of Sussex University said BTC could hit $50,000 by the end of 2023.

The post Actor Ben McKenzie says crypto is like a ‘Ponzi scheme’ appeared first on CoinJournal.

Veröffentlicht am

Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera

  • Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances.
  • The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht (THB), and the New Taiwan dollar (NTD).

Shinhan Bank and Siam Commercial Bank’s SCB TechX have reportedly completed a proof-of-concept (PoC) pilot for stablecoin remittances on the Hedera network.

This was the second PoC test on Hedera’s distributed ledger network after the initial program launched in 2021 and which involved Standard Bank. In this latest pilot, the company sought to check on the efficiency, cost and settlement speed of cross-border payments.

According to details shared in a press release, the banks achieved real-time foreign exchange settlement across three currencies – the South Korean won (KRW), the Thai Baht (THB), and the New Taiwan dollar (NTD).

 Shinhan Bank’s Chief of Blockchain division Byunghee Kim said in a statement:

“The successful completion of this second PoC marks an important step forward in our efforts to make cross-border payments faster, cheaper, and more accessible to people around the world… With this next phase of PoC, we are pleased to have demonstrated how the use of Hedera’s EVM-compatible technology helps eliminate intermediaries, reduce costs, and speed up the remittance process.”

EVM-compatibility for the PoC means the system will be open to any EVM-based stablecoin issuers, with this likely to also see more banks and other financial institutions tap into its potential as the cross-border payments ecosystem expands.

The post Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera appeared first on CoinJournal.