Could Ripple Rally After a Positive SEC Ruling? Comparing Metacade and XRP Price Predictions for 2023-2030.

The XRP price prediction suffered recently after its parent company, Ripple, was the subject of a high-profile lawsuit with US regulators. However, recent news has come to light that could boost the long-term prospects of Ripple and XRP.

Elsewhere in Web3, Metacades’ (MCADE) announced that it will launch on several digital asset exchanges after seeing major success during the MCADE token presale. Investors are bullish on the future of both XRP and MCADE – but which token is the best buy right now? 

Bullish developments for Ripple and Metacade

Ripple (XRP) has received positive news regarding its ongoing court case with the Securities and Exchange Commission (SEC). The SEC filed charges against Ripple in 2020 on the grounds that XRP, the digital asset that was created by Ripple, is an unregistered security as opposed to a cryptocurrency.

Monica Long, president of Ripple, told CNBC that she is “very hopeful” that there will be a positive outcome from the SEC trial later in 2023. The positive news caused a surge in the price of XRP, as the token climbed over 30% in a single day.

The long-term XRP price prediction has improved due to recent rumors. Meanwhile, Metacade continues to make great strides as the project has announced that the MCADE token will be released on UniSwap on 6th April.

Metacade is fresh from a highly successful presale event in which $16.35m was raised from early-stage crypto investors. The UniSwap IDO will be followed by two CEX listings: Bitmart in April and MEXC in early May. 

What is XRP?

XRP is a digital asset that was created by a US-based FinTech company called Ripple Labs. The token was designed to act as a bridge for international transactions, offering a high-speed and low-cost alternative to traditional payment methods.

XRP is built on a decentralized network that is not controlled by any one entity. While it can be used by financial institutions to provide instant liquidity for cross-border transactions, XRP is also the native currency of the XRP Ledger. This decentralized blockchain network can support the development of decentralized applications (dApps).

XRP price prediction: Can XRP reach $1 in 2023?

Any positive outcome from Ripple’s court case with the SEC is widely considered to produce a massive amount of buy pressure for the XRP token. The cryptocurrency has real-world utility, and its network has been adopted by major financial institutions already, including The Bank of England and Santander.

The long-term XRP price prediction places XRP at $4.20 as long as the SEC case reaches a positive conclusion in the near future. In 2023, investors can expect significant price action as the short-term XRP price prediction targets the $1 resistance level.

What is Metacade?

Metacade is a comprehensive GameFi platform offering the largest collection of play-to-earn (P2E) arcade games found on the blockchain. While most GameFi platforms offer only a single gameplay experience, Metacade offers a vast selection to gamers alongside generous cryptocurrency reward potential.

Metacade also aims to become a central hub for Web3 users by introducing several unique earning mechanics to the metaverse. The project takes the P2E mechanic to the next level and can serve investors, entrepreneurs, and gamers alike through its broad blockchain offering.

How does MCADE work?

The MCADE token is used to reward gamers in the metaverse arcade. Token holders can also stake MCADE on the platform to earn a passive yield and vote in governance proposals to help achieve consensus in the community-led project.

The metaverse arcade will offer both casual and competitive gameplay to blockchain gaming enthusiasts. Players can play solo and earn rewards while trying to beat their high score or join paid entry tournaments for the chance to win significant crypto prizes.

Metacade will also reward content creators with community contributions through the Create2Earn feature. This element of the platform will reward users with MCADE tokens as they post game reviews, share alpha, and interact with other community members’ posts.

The project will advertise open positions through a crypto jobs board as part of the Work2Earn feature. Work2Earn will connect blockchain users to paid roles at some of Web3’s hottest start-ups and can even include one-time gigs, such as testing out new P2E games before they are officially released.

Can MCADE reach $0.50 in 2023?

The MCADE token presale has generated significant momentum for the new project, which is expected to produce significant returns from the current price level. MCADE will soon launch on various digital asset exchanges after the presale saw the token’s price rise from $0.008 to $0.02.

By the end of 2023, MCADE is expected to reach the $0.50 price level – a 22x gain from the end of the token presale. Speculators are overwhelmingly bullish about the project’s future prospects, as it has a unique value offering within the GameFi movement and extensive utility for the native token.

MCADE vs. XRP price prediction: Which token is worth buying?

As the SEC trial nears an end, the XRP price prediction could explode over the coming months and years. On the other hand, MCADE is one of the most exciting new projects in the GameFi space, a highly disruptive development for the wider gaming industry.

Both the MCADE and XRP price predictions forecast significant returns from the current price level. Metacade is likely to produce a higher percentage return due to the project being in its early phase. The upcoming exchange listings could be the perfect time to add MCADE to a long-term investment portfolio. 

You can buy Metacade here.

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Cosmos Price Predictions For 2023. Could AltSignals’ ASI Token Outperform ATOM?

Many investors are looking for the next big opportunity, with the crypto market looking bullish in recent weeks. Cosmos and AltSignals are two names that keep cropping up, but which one is the better investment? In this article, you’ll read some expert Cosmos price predictions and determine whether AltSignals could outperform ATOM in 2023.

Cosmos (ATOM) Has Gone From Strength to Strength

Cosmos, termed the “Internet of Blockchains,” is a revolutionary ecosystem designed to address the issues of interoperability, scalability, and security that have long plagued the cryptocurrency space. It effectively allows unrelated blockchains, like Bitcoin and Ethereum, to interact and exchange information with one another, opening up an entire world of new use cases and functionality. 

This incredible utility has put Cosmos ahead of the pack regarding price performance. While much of the crypto market has lagged behind in recent months, ATOM has posted plenty of bullish price action. From its June 2022 low of $5.55, it increased over 200% to $17.2 in September. Similarly, in mid-March, ATOM rose 31% from $10.29 to $13.48 over the course of four days.

A number of bullish developments on the chain will likely support ATOM’s future price performance. Independent blockchains can now purchase security from validators of the Cosmos hub, which will boost staking rewards for ATOM holders and bring more value to the ecosystem. 

Moreover, the Inter Blockchain Communication (IBC) protocol, which enables interoperability across Cosmos’ native blockchains, saw the number of projects built using its technology grow from 32 in Q4 2021 to 53 in Q4 2022. This is a sign that Cosmos’ adoption is picking up, and could drive future price growth.

Cosmos (ATOM) Price Prediction

Due to the bullishness surrounding ATOM, Cosmos price predictions for 2023 have been rising in recent weeks. ATOM is currently worth around $12, but many see it reaching at least $22 before the year ends. More optimistic Cosmos price predictions have been set in the $27 to $33 range, which seems possible given recent developments on the network. 

In a best-case scenario, some experts have even placed Cosmos price predictions at $39. If this occurs, then today’s investors could be up approximately 225%!

AltSignals (ASI) Is Paving the Way for AI-Based Trading Solutions

AltSignals is a highly regarded trading signals provider founded in 2017, catering to crypto, forex, and stock market traders. Over the years, AltSignals has built up a solid reputation and amassed a community of over 50,000 free subscribers and 1,400 VIP members. It has issued over 1,500 highly-accurate trading calls, achieving a 64% average win rate and producing some phenomenal returns. 

For example, AltSignals returned its Binance Futures subscribers 4,643% across 23 Binance Futures trades in January and February, achieving an average 91% win rate. These results are supported by the platform’s Trustpilot page, which boasts a 4.9/5 star rating over nearly 500 positive reviews. 

AltSignals’ success can be attributed to the proprietary AltAlgo™ indicator, which scans the markets to identify real-time trading opportunities using over 34 different strategies and filters. This indicator is coupled with AltSignals’ team of pro traders, who are now looking to take their next step with the ASI token and ActualizeAI algorithm. 

This algorithm will leverage various leading AI technologies, including predictive modeling and sentiment analysis, to refine the existing AltAlgo system and deliver unparalleled trading signals. ASI token holders gain exclusive access to this state-of-the-art AI-driven algorithm, ActualizeAI, allowing them to stay ahead of the market and optimize their trading performance. 

Owning the ASI token also grants investors entry into the AI Members Club, where they can participate in product testing, contribute ideas, and be the first to try new updates made to the ActualizeAI algorithm. Not only does this help to create an engaged community with a stake in AltSignals’ development, but it also offers investors opportunities to earn additional ASI tokens as a reward for their efforts. 

These extra ASI tokens can then be accumulated to unlock more advanced features of the ActualizeAI ecosystem, providing users with enhanced trading insights and tools. Alongside other valuable features, like entry into trading tournaments and a say in the platform’s governance, ASI offers holders outstanding utility. This could lead to substantial price appreciation in 2023, according to analysts. 

AltSignals (ASI) Price Prediction

While AltSignals’ ASI token will finish presale at $0.02274, many 2023 forecasts see it reaching much higher. Some consider this price exceptionally undervalued, given AltSignals’ proven track record and potential to transform the trading signals industry. As a result, predictions have been made for ASI to hit $0.40 by the end of 2023.

Even bolder projections put ASI as high as $0.70, which isn’t impossible. If this level is reached, then even the latest presale investors could be seeing gains of almost 3,000%.

Which One Should You Invest In?

While Cosmos’s price predictions are undoubtedly optimistic, its profit potential for 2023 has nothing on AltSignals. With the ASI token’s introduction and the ActualizeAI algorithm’s development, AltSignals has the potential to leverage its already sizeable community to create significant demand for its token.

Investors getting involved today can look forward to potentially even more profit. That’s because ASI is still in its launch phase of the presale, worth $0.012. You won’t want to miss out on the ASI token presale – it could just be one of the best-returning tokens of 2023. 

You can participate in the ASI presale here.

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Least amount of Bitcoin on exchanges since the previous bull market top in December 2017


Key Takeaways

  • The balance of Bitcoins on exchanges is in constant decline, now at the lowest point since December 2017 
  • Meanwhile, long-term investors continue to hold, soaking up the supply
  • Coins that have not been touched in 10 years now outnumber those held on exchanges 

I wrote a piece last week on the exodus of stablecoins from exchanges, with the balance currently the lowest since October 2021, with 45% of the total balance of stablecoins on exchanges flowing out in the last four months. 

But the glut in liquidity is not limited to stablecoins. The world’s biggest cryptocurrency is also seeing funds flow out. Only 11.8% of the total Bitcoin supply is currently on exchanges – that is the lowest since December 2017. 

To jot your memory, December 2017 was the previous bull market peak. Bitcoin rose to within a hair of $20,000 before freefalling into a two-year-long bear market which ravaged the entire industry.

Since January 2020, exchanges’ reserves of Bitcoin have been only going one way: down. It hints at the demand/supply imbalance that so many Bitcoin truthers advocate for, with the much-vaunted hard supply cap of 21 million coins for Bitcoin. 

If demand keeps rising, they argue, the price can only go up because supply cannot keep up. 

Central to this thesis is the resilience of long-term holders to keep a firm grasp on their bitcoins. And when assessing whether they have, the answer is a resounding yes. 

The below chart presents long-term holders against the total exchange balance. In November 2022, the number of bitcoins last active 10+ years ago overtook the number of bitcoins on exchanges. 

Of course, some of these long-term holders will be lost coins, either via their owner dying or losing their private keys. 

But the stat is still interesting and speaks to the cohort of (very) early investors in Bitcoin who remain clinging to their coins with all their might. Remember, this includes the anonymous Satoshi Nakamoto, who is estimated to hold over 1 million coins, or 5% of the total supply. 

Below is the chart displaying the current portion of the Bitcoin supply split out by time held and compared to the exchange balance. 

The result is interesting, but even more so when considering that the last three years brought both the euphoric highs of Bitcoin at nearly $70,000 during the pandemic and then the bone-crushing fall through 2022, which saw it careen down towards $15,000. 

In terms of the long-term trajectory of Bitcoin, it’s undoubtedly bullish. Of course, it all depends on whether the demand for additional Bitcoin will hold up. The supply may be getting squeezed, but that is all for nothing if the demand side doesn’t hold up its end of the bargain. 

And on that note, the last year has been a big blow. Not only has capital flowed out of the space at an alarming rate, but a number of very high-profile scandals (LUNA, Celsius, FTX and so on) have rocked the space. The fear is that these episodes have dented the reputation of the cryptocurrency space and will inhibit the demand for Bitcoin on the intuitional side. Have people been put off moving into the space?

It’s hard to say. But in looking at long-term holders, their confidence seems resolute. 

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Ethereum price prediction as the Shanghai update draws near

  • Ethereum will go through its biggest update since the Merge.

  • The Shanghai update will take place on April 12.

  • It will likely attract the attention of the Securities and Exchange Commission (SEC)

Ethereum price moved sideways on Monday as investors focused on the upcoming Shanghai upgrade. ETH was trading at $1,800, where it has been in the past few days. This price was about 2.95% below the highest point this year. It has jumped by over 32% from the lowest level in March.

Shanghai update news

The main catalyst for Ethereum is the upcoming Shanghai update that is scheduled for later this month. For starters, this is a major milestone for the network since it will be the biggest update since Ethereum merged with the Beacon Chain in 2022.

The Merge helped to transition Ethereum from a proof-of-work (PoW) network into a proof-of-stake (PoS) platform. As a result, instead of mining, it now depends on validators to confirm transactions in the network.

This transition introduced the concept of staking, which allows people to lock their tokens to the network and earn returns. Unlike other staking projects, Ethereum holders cannot access their staked coins. 

This update will make it possible for these users to withdraw their coins. Data compiled by StakingRewards shows tht the market cap of staked Ethereum stands at over $32 billion. This gives it a staking ratio of 15.6%. Therefore, this upgrade will likely boost the number of ETH coins in circulation.

Ethereum will likely be the target of the Securities and Exchange Commission (SEC), which wants to regulate staking blockchains and companies. Last month, the agency warned Coinbase against offering these products in the US. It also settled with Kraken about staking. 

I suspect that the agency will increase its focus on staking if it prevails in its lawsuit against Ripple. Analysts believe that the judge overseeing the case will deliver the judgment in the second quarter of the year.

Ethereum price prediction

The 4H chart shows that ETH price has been in a tight range in the past few days. It has remained below the important resistance point at $1,845, where it has struggled to move in the past few weeks. It remains slightly above the 25-period and 50-period moving averages.

A closer look shows that Ethereum has formed what looks like a double-top pattern whose neckline is at $1,688. Therefore, there is a likelihood that the coin will have a bearish breakout in April after having a spectacular performance in March. If this happens, the next key support level to watch will be at $1,688.

How to buy Ethereum

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.

Buy ETH with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy ETH with Bitstamp today

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US government plans to sell 41,490 BTC connected to Silk Road

  • The US government sold 9,861 bitcoin on 14 March, netting over $215 million.
  • 41,490 BTC remain from over 51,000 seized in November and will be sold in four batches this year.
  • Court documents show that bitcoin is connected to the darknet market Silk Road.

The US government, which says it recently sold 9,861 bitcoin (BTC), is reportedly looking to liquidate another 41,500 BTC before the end of the year.

According to documents filed in court, the sale is for Bitcoin seized from entities connected to the infamous darknet marketplace Silk Road. The sale will occur in four batches this year.

US government sold over $215 million worth of BTC

Court documents show that the US government netted over $215 million when it sold 9,861.17 BTC out of the 51,351 bitcoin seized last November. 

The liquidation occurred on 14 March, the court filing indicates, with this particular tranche of BTC forfeited by James Zhong following his arrest and arraignment over wire fraud related to Silk Road.

A total of 41,490 BTC remain from what was seized from Zhong, which the US government now plans to sell in four tranches. Justin Sun, the founder of Tron (TRX), says the US government should sell the BTC to him at a 10% discount through an OTC deal.

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