Cryptocurrency price prediction: AGIX, MULTI, Aptos

Cryptocurrencies had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data. In the biggest crypto news of the week, FTX said that it had found more than $5 billion in liquid assets that it could sell. Another key news was data that showed that America’s inflation was cooling. This crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI.

AGIX price prediction

AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano. The AGIX crypto price surged to a high of $0.130 this week, the highest point since October 14. It has jumped by more than 253% from the lowest point in 2022. It is unclear why the token rose but a likely reason is that it was in sync with other AI-focused coins.

Turning to the daily chart, we see that the token went parabolic this week. As it rose, it moved above the important resistance point at $0.072, the highest point on December 13. The coin managed to move above all moving averages and is now approaching the important resistance point at $0.136 In the same period, oscillators like the Relative Strength Index (RSI) and the MACD have all surged. 

Therefore, I suspect that SingularityNet’s token is about to have a major pullback. If this happens, the next key support level to watch will be at $0.10, which is about 25% below the current level.

AGIX chart by TradingView

How to buy SingularityNET token

Aptos price prediction

Aptos price also surged this week as several apps in its ecosystem saw significant outflows. APT surged to a high of $7, which was the highest point since November. Precisely, Aptos soared by more than 120% from the lowest point this year. It also moved above the important resistance point at $5.42. The token surged above the 25-day and 50-day moving averages. 

Like AGIX, I feel that Aptos price has now gotten so overbought, meaning that it will likely retreat. If this happens, the next key level to watch will be at $5.42, which is about 20% below the current level.

AGIX chart by TradingView

How to buy Aptos

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MULTI price prediction

MULTI is the native token for Multichain, which was previously known as AnySwap. It is a leading platform in the Arbitrum ecosystem. Like Aptos and AGIX, the token surged to a high of $6.50 this week. It was up by more than 110% from the lowest level this year. It has also moved above all moving averages while oscillators are highly overbought. Therefore, I also suspect that the token will pullback in the coming days on profit taking.

MULTI chart by TradingView

How to buy MULTI

As MULTI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MULTI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MULTI right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for MULTI

Now that you’re connected, you’ll be able to swap for 100s of coins including MULTI.

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US SEC has filed charges against Gemini and Genesis

  • The US SEC is accusing Gemini and Genesis of selling unregistered securities.
  • Genesis and Gemini did not register their partnership as a lending partnership.
  • Genesis has been having liquidity issues after FTX’s collapse and has paused withdrawals to date.

The US Securities and Exchange Commission (SEC) has filed charges against Genesis and Gemini accusing the two of selling unregistered securities through the Gemini Earn product.

According to the SEC, the Gemini Earn allowed Gemini and Genesis to earn billions of dollars from investors despite the product being unregistered.

Unregistered lending partnership

Gemini introduced the Gemini Earn product in February 2021 and the product ran until January 8 2022.  At the same time, Gemini had a partnership with Genesis, which is a subsidiary of Digital Currency Group (DCG). The partnership allowed Gemini customers to earn yield by lending their crypto assets to Genesis.

The SEC however claims that the two firms (Genesis and Gemini) misrepresented their business model by advertising returns of up to 8% to clients without first registering the partnership as a lending partnership with the relevant authorities.

Genesis withdrawals

To make matters worse, Genesis found itself in turmoil after the FTX’s collapse and even paused withdrawals due to liquidity issues. According to open letters written by Cameron Winklevoss, the co-founder of Gemini Earn, Genesis currently owes $900 million to 340,000 users of the Earn product.

The SEC also claims that the “US retail investors who participated in the Gemini Earn program have suffered significant harm.” The SEC Chair Gary Gensler said:

“Today’s charges build on previous actions to make clear to the marketplace and the investing public that crypto lending platforms and other intermediaries need to comply with our time-tested securities laws.”

Gemini co-founder has however said that Gemini will defend itself saying that SEC claims are “parking ticket.”

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Crypto.com announces layoffs, cites negative economic developments

  • Crypro.com CEO cited poor market conditions and recent events in the industry as reasons for layoffs.
  • The layoffs come just days after Coinbase announced similar layoffs.
  • The Cronos (CRO) token price has responded positively to the news.

The co-founder and CEO of Crypto.com exchange, Kris Marszalek, has today announced that the company is laying off some of its staff to reduce its global workforce. The CEO said that they are reducing the workforce by 20%.

In the announcement, the CEO said:

“Today we made the difficult decision to reduce our global workforce by approximately 20%.”  

In a follow-up tweet post addressing the matter, Marszalek wrote:

“We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.”

Crypto firms laying off workers in mass

According to sources, Crypto.com has about 3500 to 4500 employees, meaning the 20% layoffs would affect about 700 to 900 employees.

Crypto.com is not the only crypto firm to announce layoffs this year. Huobi announced layoffs at the start of the year while Coinbase also announced layoffs a few days ago.

The laying off of workers sends mixed signals since the crypto market is currently on a recovery trajectory and investors are expecting some good performance this year compared to last year. Crypto.com has also grown to over 70 million users worldwide, something that is seen as a positive development for the company.

Cronos (CRO) token price surge

The Cronons (CRO) token price has responded positively to the news and risen by about 3.08% in the last 24 hours.

The CRO coin has been on a positive trajectory since the start of the year having gained about 15.3% over the past 14 days.

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Get Ready for the Next 100x Opportunity With Metacade (MCADE)

The metaverse industry has felt the brunt of the long-term bearish crypto market conditions during 2022, with several leading metaverse coins sinking alarmingly in value. The good news is that some new metaverse projects are bucking the trend and performing bullishly.

One such newcomer to the metaverse industry is Metacade, which has the target to become the leading blockchain GameFi provider over the next year with their virtual video game arcade. Their presale performance has led to predictions that their MCADE token could be the next to provide investors with 100x gains.

MCADE could turn out the be the buy of the year

Metacade had captured the imagination of GameFi fans and crypto investors before the presale launched in November 2022. The hype around the blockchain play-to-earn (P2E) gaming platform is fully justified. The beta presale of the MCADE token sold out within three weeks of release, raising well over $1.6 million in the process.

With the value of MCADE tokens set to rise throughout each phase of the presale stage from its beta price of $0.008 each to $0.02 by the time the ninth and final stage concludes, handsome returns are on offer for the bullish early investor. Thousands have already flocked to Metacade to maximize their gains MCADE goes public on decentralized exchanges (DEX) after the presale ends.

Metacade’s attractive white paper shows the depth of the platform’s plans, extending well beyond just being a traditional P2E platform. These plans that offer ground-breaking and ultimately lead to a transition to a fully-fledged and self-governing decentralized autonomous organization (DAO) by Q4 2024 have led to experts predicting that Metacade could be the next metaverse project to achieve 100x gains for investors in 2023.

How high could MCADE go in 2023?

The value of MCADE is already guaranteed to increase with each phase of the Metacade presale. When MCADE hits the Bittrex Exchange for global public consumption, the token price will be $0.02, offering some of the best value within the metaverse industry.

Metacade has a total fixed supply of two billion MCADE tokens. This increased exposure of MCADE tokens on public exchanges, combined with the momentum built up over the token’s presale, is expected to result in a surge in price as demand increases significantly. Existing token holders that got in early during the presale will likely hold onto their shareholding, expecting the price to skyrocket, leading to potentially rich gains.

MCADE’s built-in utility, the flourishing platform roadmap, and multi-layered features mean that the price could exceed the $1 mark in 2023. This can lead to potential 100x gains for those shrewd investors that took advantage of the undervalued presale MCADE price.

What is Metacade?

Metacade uses Ethereum blockchain technology and cutting-edge Web3 development techniques to build the metaverse industry’s leading virtual video arcade. The arcade promises an ever-evolving and increasing library of play-to-earn (P2E) titles offering GameFi players the opportunity to access addictive games from classic arcade titles of yesteryear to brand new titles developed exclusively for Metacade.

Other features of Metacade are what truly sets it apart from rival GameFi titles, adding several layers of depth rarely found in the metaverse gaming industry. From the innovative Metagrants initiative launching in Q3 2023 to several opportunities to earn additional passive income streams.

The transition to becoming a complete DAO, handing over critical roles, responsibilities, and control of the multi-signatory treasury wallet to community members, begins in Q2 2023, ahead of the conclusion by the end of 2024. By this point, complete control of the platform’s governance and future development will be in the hands of the users.

How does it work?

While prominent, the P2E element of the platform is only one strand of Metacade’s appeal. Users have additional routes to earn income through their Create2Earn, Compete2Earn, and Work2Earn schemes. MCADE token holders will gain rewards for social interactions with the platform, such as writing game reviews and sharing GameFi knowledge, by staking tokens to enter tournaments and prize draws and, from Q1 2024, through applying for Web3 employment opportunities posted on the jobs board.

These rewards, along with the brand new Metagrants program, will be entirely self-funded through multiple internal and income streams. These include access to pay-to-play titles, selling advertising space on the platform, and charging for external companies to post job adverts and release their own game titles on Metacade.

Metacade: Promoting GameFi development

Metacade aims to lead the metaverse industry in GameFi development through its Metagrants scheme. This program allows budding developers to present proposals to receive funding to support the development of new exclusive titles. MCADE token holders vote for these proposals, with the most successful ideas receiving funding to create new blockchain games.

Is Metacade worth the investment?

Metacade has already set the metaverse industry alight with its presale performance. While the opportunity to invest at the lowest possible value has gone after the beta phase sold out so quickly, there is room for excellent gains by investing now at the current price of $0.01.

The earlier investors purchase their MCADE tokens, the better their chance of reaping up to 100x gains as the Metacade hype hits the open markets. With a robust roadmap and future alongside the momentum of a highly prosperous presale performance, the outlook for Metacade is exceptionally favorable for 2023 and beyond.

You can participate in the MCADE presale here.

The post Get Ready for the Next 100x Opportunity With Metacade (MCADE) appeared first on CoinJournal.

Crypto Outlook 2030: Why You Should Invest in Cardano (ADA), Solana (SOL), and Metacade (MCADE)

The crypto market is constantly evolving, making it tricky to know which coins are worth investing in for the long term. In this article, you’ll discover three crypto tokens with plenty of promise and a strong potential for future growth. They are Cardano (ADA), Solana (SOL), and an up-and-comer known as Metacade (MCADE).

Why Invest in Cardano (ADA)?

Cardano is one of the leading layer-1 solutions, currently ranked ninth in the list of the top cryptocurrencies by market cap. While it performs much of the same function as Ethereum, Cardano sets itself apart in a few ways that make it an attractive investment. 

The first is its academic-based approach. Each upgrade undergoes rigorous academic testing before being rolled out. For example, its consensus protocol, Ouroboros, is mathematically secure and, as a result, well-hardened against attack. 

Secondly, Cardano is making some significant changes to its network in 2023. It’s launching the Djed stablecoin, which will likely accelerate Cardano’s growing position in the DeFi space. Cardano developers are also expected to implement Hydra and Midnight soon. Hydra is a scaling solution that could one day enable the network to one day to achieve 1 million transactions per second (TPS). Midnight is a protocol designed around privacy regulations. 

Cardano (ADA) Crypto Outlook 2030

These upcoming upgrades have undoubtedly strengthened the ADA crypto outlook for 2030. Fundamental factors, like its rigorous approach to innovation, rockstar development team, and strategic alliances, only boost Cardano’s long-term potential. In 2030, ADA will likely be worth somewhere between $6.50 and $11, depending on how the future plays out. This is well above ADA’s current price of $0.27.

Why Invest in Solana (SOL)?

Solana, like Cardano, is a layer-1 solution that aims to rival Ethereum’s dominance. It’s currently the world’s 17th most valuable cryptocurrency, falling from the top ten after FTX’s collapse. 

Despite taking a beating recently, Solana’s fundamentals haven’t changed. In fact, its core aspects and future developments could be the catalyst for much higher prices. For instance, Solana is one of the fastest and cheapest blockchains on the planet, able to handle up to 65,000 TPS at a negligible cost. 

Firedancer, a new validator client built by Jump Crypto to improve efficiency on the Solana network, has been shown to be capable of handling 600,000 TPS in a test environment. This is much higher than Ethereum’s expected TPS of 100,000 once sharding is implemented later this year. 

Moreover, the Solana Saga smartphone, expected soon, could prompt a new wave of adoption for Solana. The Saga “sets a new standard for the Web3 experience on mobile,” and developers will be given all the tools they need to develop Web3-ready mobile apps, according to a blog post by Solana Mobile. 

Solana (SOL) Crypto Outlook 2030

While Solana isn’t as popular as Cardano, the network seems to have a bright future. By 2030, SOL will likely be worth at least $450, with optimistic estimates putting the token between $600 and $750. If SOL reaches $450, investors that bought in at today’s price of $13 would be up over 3,300%!

Why Invest in Metacade (MCADE)? 

Metacade is a play-to-earn (P2E) community hub that’s aiming to become a focal point of the GameFi revolution. It’s a platform where users can link up with like-minded gamers, discover how to make the most of the latest P2E games, and even play a part in producing the games they’ll be playing. 

Community-based features, like forums, live chats, reviews, competitions, and tournaments, have the potential to attract thousands of players looking for a place to call home in the nascent GameFi space. There are even MCADE rewards offered to players posting reviews, tips, and other content for the community to learn from. 

Later this year, Metacade is expecting to give away its first Metagrant. Metagrants are a way for the Metacade community to direct funding toward developers building the P2E games players are most excited about playing. To receive them, developers simply submit their ideas and whoever earns the most votes for their project is awarded funding. The finished title is added to Metacade’s virtual arcade, sporting dozens of other community-backed and classic games. 

With plans for a decentralized autonomous organization (DAO), a job and gig board, and several big-ticket giveaways, it’s safe to say that Metacade is putting the players first. Given that GameFi is expected to explode at 10x the rate of traditional gaming by 2025 (Crypto.com), Metacade could be the best performer out of the three cryptos discussed here by 2030. 

Metacade (MCADE) Crypto Outlook 2030

With these aspects in mind, Metacade could quickly become Web3’s number one community space for P2E gaming. Its long-term crypto outlook looks positive, with MCADE expected to reach at least $2 by 2030 – a 9,900% return on its final presale price of $0.02. If users flock to the platform as expected, then MCADE could be worth as much as $25 by the end of this decade, meaning investors that got involved in presale could be up 24,900%!

Which Token Should You Invest In?

It’s clear to see that these three cryptocurrencies have the potential to rocket in the coming years. But, after examining each, Metacade takes the lead when it comes to projected long-term returns. 

With the MCADE token still in presale and a community-first philosophy, Metacade is likely to be a massive hit with investors. In fact, over $2.2m of MCADE has been sold so far, and this number is expected to keep rising. If you’re looking for a token with one of the strongest crypto outlooks on the market, check out the MCADE presale immediately!

You can buy Solana (SOL) and Cardano (ADA) at eToro here.

You can participate in the Metacade presale here.

The post Crypto Outlook 2030: Why You Should Invest in Cardano (ADA), Solana (SOL), and Metacade (MCADE) appeared first on CoinJournal.