Kategorie: Crypto News

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Can Metacade Avoid The Great Cryptocurrency Crash?

The FTX collapse added fuel to the fire for the great cryptocurrency crash of 2022. Cryptocurrency is a high-risk, high-return asset class, and the FTX fiasco highlighted inherent weaknesses that the industry can learn from.

In spite of the FTX collapse, Web3 continues to grow. Brand-new projects such as Metacade (MCADE) reflect the level of innovation that can be found in the space. Read on to learn why MCADE could be the year’s best investment.

The great cryptocurrency crash: 2022 was a year to forget

After a major cryptocurrency crash in 2022, investors are starting to wonder where the bottom of the bear market could be. Bitcoin (BTC) has lost over 75% of its value already, while many altcoins, including Axie Infinity (AXS), Shiba Inu (SHIB), and Avalanche (AVAX), have suffered through a 90% price reduction since reaching their all-time highs in 2021.

The cryptocurrency crash has had catastrophic effects on some major market players, with FTX – the second-biggest centralized exchange (CEX) at the time – announcing bankruptcy in the wake of falling prices and causing the entire market to drop even further after going bust in November 2022.

The FTX capitulation was caused in no small part by treasury mismanagement from Sam Bankman-Fried (SBF) and the embezzlement of user funds through Alameda Research, which was a hedge fund under SBF’s control. 

After FTX and Alameda’s insolvency became apparent early in November, FTX halted customer withdrawals. As a result, all cryptocurrency held on the platform was lost, and it is currently unclear whether users will ever see their digital assets again. It was a stark reminder of the inherent risks involved with centralization, especially in an industry where regulatory guidelines remain unclear. 

The cryptocurrency crash has taken several major casualties, with the majority being custody platforms under centralized leadership. FTX, Celsius Network, Three Arrows Capital, Voyager, and even the Terra Ecosystem, to some extent, are all reminders that self-custody is, by far, the safest way for investors to hold digital assets during a cryptocurrency crash.

Bear markets don’t last forever, and Metacade could be the best buy right now

Despite the cryptocurrency crash and the ongoing bear market, there are still many millions of investors across the world who are looking to buy while prices are low. One of the best buys right now is Metacade. It is a brand-new project and with the hype starting to build, it could entirely avoid the crypto market crash.

Metacade recently announced the start of its token presale, with 70% of MCADE’s total supply being made available to early investors. Almost $3.2 million flowed into the project in the first nine weeks, and major returns are now being predicted for this new GameFi platform.

What is Metacade?

Metacade is the first community-driven arcade and the largest blockchain project of its kind. The platform will have many different play-to-earn (P2E) arcade games, ranging from classic titles to new games developed specifically for the metaverse arcade.

Aiming to become a social hub for Web3 users, Metacade is attracting a significant following already. Users can discover the latest trends, learn tips and tricks for a variety of blockchain games, and access plenty of earning opportunities directly on the platform.

How does MCADE work?

Gamers can progress through infinite levels in a range of P2E games, playing casually or competitively. Metacade will host tournaments, where gamers can go head-to-head for the chance to win major prizes paid in MCADE tokens.

Metacade is also introducing a Create2Earn mechanic, rewarding its community for sharing information and creating content on the platform. Content can include alpha, game reviews, insights, and interactions with other users – all of which will generate token rewards for the content creator.

The Work2Earn feature is another method for earning a crypto income in the Metacade. Users can access paid job opportunities, ranging from short-term work to full-time positions at Web3 companies. Metacade aims to support users who want to kickstart a career in blockchain.

Metacade is (literally) a game changer

Metacade is built by gamers, for gamers. One of the team’s aims is to support the future of blockchain gaming itself, with the Metagrants program being a vehicle to encourage developers as they innovate in the space.

Developers will submit game proposals and the community will vote to decide which new games they would most like to play. Winning ideas will receive early-stage funding through Metagrants and launch on Metacade, which will help introduce brand-new games into the world of Web3 and drive the gaming industry forward.

Could MCADE reach $5 in 2023?

Metacade is starting to take off already, despite the FTX capitulation and the cryptocurrency crash of 2022. The project is selling out of its presale quickly, and the MCADE token will soon be launched on decentralized exchanges (DEXs), which will further boost its reach.

Experts are predicting explosive price action after the market recovers from the cryptocurrency crash. By 2025, MCADE could reach $5 in value – a 250x gain from the end of the presale.

Is MCADE worth buying?

The MCADE presale is a prime investment opportunity. The token launched at just $0.008, and the price is rising gradually to $0.02 during the presale. The FTX capitulation had no effect on demand for MCADE, and the token is expected to sell out during every presale stage.

To get the best possible price for MCADE, investors need to be fast. The presale is first-come, first-served, and the price will rise when each round sells out. Metacade looks like one of the few projects that can avoid the bear market, which makes it a worthy addition to any portfolio.

You can participate in the MCADE presale here.

The post Can Metacade Avoid The Great Cryptocurrency Crash? appeared first on CoinJournal.

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How AI trading technology is making stock market investors smarter

  • Introduction to AI trading technology
  • Top AI trading technology companies, including GreenKey Technologies, Kavout Corporation and IntotheBlock.

Do you have any idea how AI trading technology is making stock market investors smarter every day? Well, the agencies are paving the way. Artificial talent is to buy and sell what furnaces used to be to the cavemen. That’s how one enterprise participant described the effect of disruptive science on a staid industry. 

In different words: AI is a recreation changer for the inventory market. AI inventory buying and selling make use of robo-advisors to analyze thousands of records and execute trades at the ultimate price. 

AI merchants analyze forecast markets with higher accuracy. So, companies can correctly mitigate dangers and grant greater returns. While human beings continue to be a huge section of buying and selling, AI performs an enormous role. 

What is AI trading technology?

AI buying and selling organizations use a range of equipment in the AI wheelhouse — computing devices and algorithmic predictions, for instance. This allows brokers to personalize exchanges and tightly closed stocks. One gain of AI inventory buying and selling is that it can be completed on everyday networks and PCs. 

When Wall Street statisticians realized they may want to practice AI in many components of finance, inclusive of funding buying of applications. Anthony Antenucci, vice president of International Enterprise Improvement at Intelenet Global Services, had a perception to share. 

“They may want to successfully crunch hundreds of thousands upon tens of millions of information factors in actual time and seize statistics that modern-day statistical fashions couldn’t,” he instructed ITPro Today. 

“Machine-gaining knowledge is evolving at a faster tempo and monetary establishments are one of the first adaptors.” Of course, Antenucci isn’t the sole one to understand AI’s inventory potential.

Online buying and selling are anticipated to attain a market fee of about $12 billion by way of 2028. Much of this expected boom will be thanks to AI. As the world online buying and selling market grows, so will the demand for AI equipment. It makes buying and selling easier. 

AI trading technology companies

Here are a number of AI trading technology companies altering the game. Through its 2017 acquisition of Neurensic, Trading Technologies has an AI platform that identifies complicated buying and selling patterns on a big scale throughout a couple of markets in actual time. 

Combining computing devices of technological know-how with high-speed and large information processing power, the employer offers purchasers the capacity to construct their personal algorithm buying and selling platforms. This approves customers to automate the entry and exit of positions. 

It also minimizes the market effect of giant orders as nicely the chance of guide errors. 

GreenKey Technologies (GK)

GreenKey, which used to be received by means of VoxSmart, makes use of speech attention and natural language processing technological know-how to store merchants’ time looking out thru conversions, monetary information, and notes.

Kavout Corporation

Kavout’s “K Score” is a product of its talent platform that approaches large numerous units of records and runs a range of predictive fashions to come up with stock-ranking ratings. 

With the assistance of AI, the agency recommends each day pinnacle shares the use of sample attention technological know-how and a rate forecasting engine. Its mannequin portfolios are more suitable through AI algorithms.

Numerai

Numerai makes use of desktop getting to know to predict inventory market tendencies and manipulate a new type of hedge fund. The association is a special participant in the market, as it makes use of encrypted statistics units to crowdsource inventory market fashions estimated by way of AI. 

The fashions are sourced from nameless records scientists who are awarded Numerai’s cryptocurrency, NMR, for presenting higher models.

Auquan

Auquan’s statistics science opposition platform democratizes buying and selling by permitting information scientists to produce algorithmic buying and selling techniques that assist clear up funding challenges. 

The platform works with the aid of customers imparting raw information set that Auquan’s equipment then creates inside a shape and analyzes. These revised and structured information units permit customers to predict possibilities and risks. Auquan strives to assist funding purchasers to reap the advantages of records science barring the want for in-house expertise.

IntotheBlock

IntoTheBlock makes use of AI and deep studying to strengthen its rate predictions for a variety of crypto markets. IntoTheBlock’s models are skilled on spot, blockchain, and derivatives datasets and permit customers to get admission to historic statistics to higher inform their exchange decisions.

Trade Ideas

Overnight, Trade Ideas’ AI-powered self-learning, robot-trading platform “Holly” topics dozens of funding algorithms to greater than a million unique buying and selling situations to enlarge the alpha chance in future sessions. Each night time the AI assistant platform will pick the techniques with the best statistical risk to provide trades for the upcoming buying and selling day. 

On average, Holly enters between 5 and 25 trades per day primarily based on a number of strategies. 

Summary 

This is how AI trading technology is making stock market investors smarter every day. As AI trading technology is offering a host of monetary options with the assistance of AI. 

Many companies’ AI-powered economic search engines collect inner and exterior content material into a single shared workspace. With that analysts can use their natural language processing to become aware of modern information on key monetary searches. 

Therefore, traders can use its platform to look up groups and markets. For more information related to trading, sign up at the-tesler-app.com today.

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MetisDAO unveils KORIS, end-to-end operations system for DACs

  • MetisDAO Foundation says decentralised autonomous organisations can use its KORIS technology to transition into decentraised autonomous companies, or DACs.
  •  KORIS is designed to help businesses tap into the Web3 ecosystem.
  • While still in closed beta, the overall target is DAOs, Web3 businesses, freelancers and even Web2 companies. 

MetisDAO Foundation, a crypto-focused firm looking to power the Web3 ecosystem via trustless and decentralised solutions, has unveiled KORIS, a new smart contracts platform designed to provide an end-to-end operational system for decentralised autonomous companies (DACs).

According to a blog post the Metis team published earlier this week, KORIS offers an infrastructure that decentralised companies can tap into to streamline and manage day-to-day operations related to their workforce.

The smart contracts-powered platform will offer DACs access to management and governance tools targeted at fostering further innovation across the Web3 ecosystem.

KORIS to offer multiple tools for businesses targeting Web3

As existing decentralised autonomous organisations (DAOs) look to become decentralised companies, KORIS will offer tools for functionality such as treasury management with Gnosis Safe infrastructure, wallet integration for gasless transactions and task management.

Users will also benefit from new integrations that help to make onboarding of new communities, payment management and alternative governance.

These tools will allow companies to “match the needs of customers looking to launch and grow web3 businesses,” the MetisDAO Foundation wrote.

DACs on KORIS are built for DAOs, Web3 founders, contributors, freelancers and Web2 companies eyeing the Web3 ecosystem. Currently, the project is in closed beta.

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Litecoin price steadies as correlation with Bitcoin hits 0.88

  • LTC has been in a strong bullish trend since June last year.

  • Its correlation with Bitcoin has moved from negative to 0.88.

Litecoin price has had a remarkable bull run in the past few months. Starting from June last year, Litecoin has jumped by more than 90% while BTC has risen by just 1%. The spread between the prices of the two popular proof-of-work coins has continued widening. It rose to a high of $93 this month, the highest point since jyMay 9. It has soared by more than 100% from the lowest point in 2022.

Bitcoin and Litecoin correlation

It is not clear why Litecoin and Bitcoin’s correlation has divorced in the past few months. In the past, the two, together with Bitcoin Cash, had one of the closest correlations. This means that they all tracked each other. 

According to Into the Block, the correlation between the two dropped from 0.92 to a low of -0.17 on November 7. Recently, however, it seems that this correlation figure is getting close since it stands at 0.88. A correlation coefficient near of 1 is usually a sign that the two assets are moving in the same direction.

A likely reason for Litecoin price outperformance is that on-chain numbers have been relatively strong in the past few months. Mining activity, in particular, has been quite strong, with the hash rate surging to its highest level on record. Hash rate is an important number that measures the health of a network. A higher figure is a sign that activity is doing well.

Another on-chain metric is that its historical volatility has been slumping in the past few days. It peaked at 106% in November and then plunged to the current 42.6%. In fact, a closer look at the chart shows that this volatility slump started as the coin started gaining momentum. A lower volatility figure is usually a bullish signal for an asset. 

Litecoin price prediction

LTC chart by TradingView

The daily chart reveals that the LTC price has been in a strong bullish trend in the past few months. As it rose, the coin formed an ascending triangle pattern whose upper side was at $67.12. It managed to cruise above that level in November, December, and January. The coin has also moved above the 25-day and 50-day moving averages.

A closer look shows that it has also retested the support at $84.60, which was the highest point on December 6. Therefore, the coin will likely have a bullish breakout as buyers target the key level at $100, as we wrote here.

How to buy Litecoin

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 LTC 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 LTC with Bitstamp today

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Crypto exchange Digital Surge to pay back creditors after bailout

  • Digital Surge lost about $33 million in the collapse of FTX.
  • The exchange froze customer funds on November 16.
  • The exchange had passed into voluntary administration in December.

After about two months of anguish, crypto exchange Digital Surge creditors can now smile after news that the exchange will pay back its creditors.

The news came after confirmation that the Australian exchange will receive a 1.25 Australian dollars bailout from an associate business. This was after the creditors approved a long-term recovery plan for the company.

Digital Surge woes

The woes of the Digital Surge crypto exchange started after the collapse of the FTX crypto exchange in November. In total Digital Surge lost about $33 million that it held on FTX.

The Australian exchange immediately swung into action by freezing the digital assets of its more than 22,000 customers. The assets remain frozen to date.

As the situation deteriorated, the exchange passed into voluntary administration (management handed over control to licensed insolvency practitioners to independently assess its financial situation) in December 2022. KordaMentha, a Melbourne-based investment firm, was the licensed insolvency practitioner that Digital Surge appointed for this process.

Rare turn of events

In a rare turn of events, the Digital Surge cryptocurrency is not going to become insolvent after reports that the exchange was going to receive a loan of 1.25 Australian dollars from Digico, which is an associate business. This means the exchange is going to survive the devastating crypto contagion that wiped out $1 trillion across the industry and resulted in several major crypto companies including Genesis filing for bankruptcy.

Following the developments, Digital Surge will pay back its creditors with customers who had $250 in their accounts being repaid in full immediately with the rest receiving 45% of their balance in 5 years.

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