Schlagwort: blockchain analysis

• Shiba Inu and Bone Shibaswap have outperformed BTC and ETH.

• They have all jumped by over 68% and 115% from the lowest level in June.

• Shiba Memu has raised almost $2 million from investors.

Meme coins are doing relatively well, with some outperforming popular cryptocurrencies like Bitcoin and Ethereum. Shiba Inu price has jumped by over 68% from the lowest level in July while Bone Shibaswap has surged by over 115% in the same period. Large-cap coins like BTC and ETH, on the other hand, have remained in a tight range while drifting downwards.

Shibarium launch ahead 

Shiba Inu and Bone Shibaswap prices have done well in the past few weeks as investors wait for the upcoming Shibarium launch. Shibarium is an important technology that is designed to change how the Shibaswap ecosystem works.

For starters, ShibaSwap is a platform in Shiba Inu’s ecosystem that makes it possible for people to swap tokens and make money by staking. It is now powered by Ethereum, the biggest chain in the world. 

Ethereum has its own challenges, which explains why many layer-1 and layer-2 alternatives have come up. Some of the top L2 networks seeking to supercharge its ecosystem are Polygon, Optimism, and Arbitrum.

Shiabarium will be a layer-2 network whose goal will be to supecharge Shibaswap’s ecosystem by reducing its transaction fees and boosting its speed. Its testnet has attracted thousands of users and there is hope that the mainnet will be better.

Shibarium’s success will be a testament that a meme coin can create an ecosystem and thrive. 

Shiba Memu token sale booms

Bone Shibaswap and Shiba Inu are not the only meme coins that are thriving. Shiba Memu, a new meme coin is taking shape as its token sale has raised almost $2 million from investors. This makes its token sale one of the most successful in the industry.

Shiba Memu is aiming to take advantage of some of the most important themes in the market this year. It is combining the ongoing meme coin craze and the one on artificicial intelligence.

Its AI angle will involve concepts like Natural Language Processing (NLP), sentiment analysis, and image and video recognition. In its white paper, Shiba Memu says this about the use of NLP:

“AI-powered NLP algorithms can be used to analyze social media posts, forums and other online communities in order to identify discussions and topics relevant to Shiba Memu. This information can then be used to develop targeted marketing campaigns and engage with potential investors. Sentiment Analysis”

Is Shiba Memu a good investment?

It is too early to determine whether Shiba Memu will be a good long-term investment. As a result, you should do your own research about the ecosystem before investing. In my view, I believe that the token has the potential to become the next big thing in the crypto industry.

For one, its name has a close resemblance to Shiba Inu, the biggest meme coin in the world. Also, it has already gained traction even before its public debut as evidenced by the amount of money it has raised in a month. Most mportantly, it is targeting the biggest themes this year. You can buy the Shiba Memu token here.

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• Bad Idea crypto token has jumped in the past few days.

• The token’s market cap has jumped to over $78 million.

• I think it is a scam that has no future in the industry.

Bad Idea crypto has moved from obscurity to become a popular cryptocurrency worth over $78 million. The token surged to a high of $0.00000042 during the weekend and then pulled back to the current $0.00000015.

The crypto industry is made up of thousands of scams. This process has been made possible by crypto tokens, which can be created by anyone in a few minutes. Most of these tokens are built using Ethereum and BNB smart contracts.

Bad Idea is one of the many project that I believe is not a valuable cryptocurrency. According to its white paper, it is a project that combines the concepts of artificial intelligence (AI), blockchain, and decentralized autonomous organization (DAO). It aims that these three parts will help to create a fully decentralized economy. 

Unlike other projects, Bad Idea does not have a roadmap. Instead, the developers hope that it will be a system of interconnected AI agents working for humanity’s benefit, instead of it. One way it will use AI is to produce weekly blog posts on AI and other topics (makes sense?)

Bad Idea’s tokenomics seem to favor insiders, who I expect wil be cashing in soon. It has a supply limit of over 831 trillion tokens, with 58% going to the public. The rest will go to the team (we don’t know who is the team), marketing, AI development, DAO development, and the Humanity Last Hope Fund. I believe that all these entities are the same team of insiders.

Therefore, in the short term, there is a likelihood that Bad Idea token will rise as insiders pump it. It will then crash, with most buyers left holding the bag. The white paper adds that:

“The BAD IDEA Token and its associated project are intended for educational, entertainment, and experimental purposes only. By engaging with the BAD IDEA Token and project, you acknowledge that you are participating in a high-risk experiment and assume full responsibility for any decisions you make.”

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• 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. 

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• 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.

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• The token of SEI Network debuts on Binance on August 15, with price estimates of $0.26

• The token of the Chancer platform, a predictive markets application, will list in Q3 2023

• Chancer token could rise by up to 10x after debuting with higher predictions in the future.

Binance is set to debut the token of Layer-1 blockchain SEI Network on August 15. Traders have huge expectations of the token, with its market expected to hit almost half a billion US dollars. Meanwhile, the robust presale of Chancer token continues, with over $1.225 million raised. The prospect of peer-to-peer betting by Chancer has accelerated the presale. Investors can buy the token via ETH, USDT, BNB, and BUSD.

Upcoming SEI token debut and price predictions

SEI, the token of the SEI Network, will go live on Binance on August 15. The listing comes amid positive predictions, with price estimates of $0.26 immediately after going live. A pre-listing futures data by Aevo shows at the estimated price, SEI will have a market cap of $486 million.

It means that SEI will enter the top 100 cryptocurrencies by market cap after listing. The token will have a circulating supply of 1.8 billion, equivalent to 18% of its 10 billion total supply. SEI’s pre-listing futures contracts went live on Aevo on Wednesday. They allow traders and investors to speculate on the post-listing price of the token.

About Chancer and the Chancer token

Chancer is the world’s first blockchain-based predictive market application. The Chancer token will be the unit of exchanging value on the platform and claiming winnings.

The platform enables betting in a P2P environment. What has made Chancer exciting is that it allows betting on multiple events. Users create P2P markets, decide what to bet on, determine rules and odds, and invite others. 

Let’s say you predict that it will rain in the evening. You can create a Chancer market and invite your friends to place bets for or against the outcome. Winners get rewarded with a Chancer token.

Chancer decentralises betting by taking betting to blockchain and allowing users to be in charge. This allows more users to join and benefit from the predictive market. 

What value does the Chancer token carry?

Like any other cryptocurrency, Chancer carries value based on current and future price movements. Presently, the token is valued at $0.011, with the price increasing at each presale stage. In the future, the token’s value could be higher when it is listed on exchanges. Investors buying the token will benefit from a potential price surge. With betting a popular sector, a high price potential remains. 

Chancer also carries value for investors for continued use of the platform. Users can join in on live betting games, create Chancer markets, and claim winnings on accurate predictions. Investors can also stake the token for passive income. 

Chancer presale and listing

Chancer’s presale will occur in 12 phases, targeting $15,000,000. The presale is in the second stage, with the selling occurring fast, barely two months since it was launched.

The Chancer token will be listed in Q3 2023, starting with Uniswap. The aim is to get the token on at least two centralised exchanges in the third quarter. The listing will welcome more demand for the token, and the price could skyrocket. 

Chancer token prediction

Although predicting a new token is quite subjective, a price increase of up to 10x is not off the table. Newly-launched tokens have risen by similar margins a few weeks after listing. Given the huge expectation around the Chancer platform, high speculation is a plus for the token. Thus, a price of up to 10x is possible in 2024 and near similar margins in 2023.

In 2025 and beyond, Chancer could be a 20x or more investment. The value could increase consistently into the future as blockchain-based betting gathers momentum. This means Chancer is a potential investment that can deliver sustainable returns over time.

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