Schlagwort: blockchain analysis

• MultiversX price jumped sharply on Thursday.

• This happened after Upbit listed the coin in its ecosystem.

MultiversX price jumped sharply as investors reacted to the latest listing in Upbit, one of the leading crypto exchanges. EGLD jumped to a high of $52.01, the highest level since February 21 of this year. In all, the coin has risen by more than 37% from the lowest level this year.

Why is MultiversX soaring?

MultiversX, formerly known as Elrond, is a leading blockchain project that aims to be a good replacement for Ethereum and Solana. Its main advantage over Ethereum is that it was one of the earliest blockchains to adapt the sharding technology. 

First implemented by Ziliqa, sharding is a technology that boosts transaction throughputs by breaking blocks into smaller pieces known as shards. MultiversX is also highly cost-effective for users, with the average transaction cost being about $0.0022.

MultiversX has been embraced by developers creating dApps in industries like DeFi, non-fungible tokens, and the metaverse among others. According to its website, the network has over 2.2 million wallets and has completed over 314 million transactions.

The main reason why the EGLD price is surging is that Upbit decided to list the coin. This is a major event since Upbit is one of the biggest exchanges in the world with over 8.6 million customers globally.

In most cases, we often ss cryptocurrencies jump after a major exchange listing. For example, as we wrote here, FlokI Inu price jumped this week after it was listed by Binance US. Historically, these gains tend to be short-lived.

$EGLD is now listed on @Official_Upbit, the world’s 1st crypto exchange by fiat volume & 2nd largest by spot volume.

Opening up EGLD trading for 8.9M+ users.

Deposits and trading are live on the EGLD/KRW and EGLD/BTC pairs.https://t.co/r7yuMjNAT3 pic.twitter.com/wE3cFjpAij

— MultiversX (@MultiversX) April 27, 2023

EGLD price prediction

The daily chart shows that the EGLD price made a bullish breakout after being listed in Upbit. It moved above the 50-day moving average and retested the key resistance point at $52.01. This was an important level since it was the highest point in February.

Therefore, I suspect that EGLD will retreat slightly in the next few days and then resume the bullish trend. The final part will depend on the performance of other cryptocurrencies like Ethereum and Bitcoin. 

How to buy MultiverseX

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy EGLD with Binance today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy EGLD with OKX today Disclaimer

The post Here’s why MultiversX (EGLD) price just jumped appeared first on CoinJournal.

• Bitcoin and the S&P 500 move in a tight correlation
• The 2023 price action is relevant for understanding the direct correlation
• If stocks bounce, Bitcoin should follow

For many years cryptocurrency investors wished Bitcoin to be adopted by institutional investors. Eventually, their wish came true.

Bitcoin is now part of many institutional portfolios, for various reasons. Some believe that it is the digital gold. Others say that it has huge upside potential due to its scarcity.

No matter the reason, Bitcoin is now part of the institutional investing world. But it came at a price. Namely, Bitcoin became just another asset trading in correlation with regular markets, such as the S&P 500.

Even the 2023 rally does not alter the relationship, as seen in the chart below.

Bitcoin chart by TradingView

If US stocks bounce from here, Bitcoin should rally some more

Yesterday, Bitcoin tried its hand again at the $30k level. Stocks tanked.

But even so, the correlation between the two remains. Therefore, the price action since 2022 is relevant.

In April 2020, the two delivered similar performances. Yet, the scandals in the cryptocurrency industry have sent Bitcoin lower.

However, every bounce happened just when stocks bounced. The most recent price action is relevant, as Bitcoin matched both advances and declines in the stock market. Just the amplitude of the moves was different, just as it was when Bitcoin’s price was in bearish territory.

All in all, it is hard to believe that this correlation will go away anytime soon. Also, it is unlikely that Bitcoin would not rally some more, should stocks bounce from here.

The post A bullish case for Bitcoin should US stocks bounce from here appeared first on CoinJournal.

• H.C. Wainwright analyst initiates Coinbase with a “buy” rating.
• Mike Colonnese explained his bullish view in a research note.
• Coinbase stock has lost about 35% in just over a month.

A 35% pullback in Coinbase Global Inc over the past month is “overdone” and a recovery is coming soon, says Mike Colonnese – an H.C. Wainwright analyst.

Buy Coinbase stock for a 35% return

On Wednesday, Colonnese recommended that investors buy shares of the world’s second-largest and one of the best cryptocurrency exchange as they had upside to $75 – a 35% premium on its current price.

The analyst is bullish on Coinbase stock for one simple reason that rewards currently outweigh the risks.

Coinbase is uniquely positioned to benefit from large and rapidly growing crypto economy given its trusted brand, easy to use products, and focus on compliance and regulation.

Coinbase has a footprint in 100 countries and is serving about 8.3 million active users, which, Colonnese wrote, is scale enough for it to expand its market share this year.

Why else is he bullish on Coinbase stock?

Coinbase is expected to report its Q1 results next week. Consensus is for it to lose $1.36 a share this quarter versus $1.98 per share a year ago.

The H.C. Wainwright analyst is convinced that the crypto winter is over and the subsequent increase in trading volume will be a catalyst for the company’s operating performance. His research note added:

COIN is a scarce asset, as the only publicly listed crypto native company in the U.S. with a market cap >$10B, which means competition for investor capital is extremely limited.

Earlier this week, Coinbase sued the Securities and Exchange Commission after waiting for months to get an answer on its July 2022 petition. Regulatory clarity in the future will also help drive the Coinbase stock up, Colonnese concluded.

The post Coinbase stock outlook: H.C. Wainwright analyst sees upside to $75 appeared first on CoinJournal.

When uncertainty hits the financial sector, the housing market is rarely far behind, causing nervousness among investment property enthusiasts. As the global banking crisis threatens to deepen, investment property experts are beginning to look to diversify their portfolios to protect their money from market fluctuations in real estate.

One token that looks like a perfect fit for investors seeking to move funds away from the property market is AltSignals’ new ASI coin which has just launched its presale event. Here’s why ASI could record huge gains this year while investment property fans move away from the real estate market.

AltSignals: New native ASI token has a bright future

AltSignals launched its online trading platform in 2017 and has quickly grown into one of the most trusted suppliers of high-quality trading signals. Over the past five years, the AltSignals community has grown to more than 50,000 members, of which 1,400 are VIP members, all of whom rely on the accurate and highly-informed trading signals powered by AltSignals’ pioneering AltAlgo™ trading indicator tool.

The release of the ASI token is designed to support the implementation of a new AI-powered trading stack called ActualizeAI, which will augment the existing AltAlgo™ outputs with cutting-edge AI capability. This innovation is designed to turbocharge AltSignals’ outputs, taking them to unprecedented accuracy and moving the platform to the forefront of the AI/blockchain revolution.

News of the ASI ICO has captured the imagination of AltSignals’ large existing community alongside interested onlookers in the investment community. Some interested parties could be investment property enthusiasts looking to protect their funds as real estate markets record growing uncertainty.

What is AltSignals?

AltSignals is among the most trusted providers of successful and accurate trading signals. This is illustrated by the platform gaining an average 4.9/5 rating on Trustpilot, courtesy of almost 500 positive reviews, and a success rate on calling Bitcoin (BTC) and Ethereum (ETH) trades of more than 70%.

Alongside daily crypto trades, AltSignals provides valuable signals on various other trades, including Forex, CFD, traditional share trades, and Binance futures. And in 19 out of 32 months, Binance Futures holders made 10x gains on their portfolio.

This success has been driven by AltAlgo™ and is set to reach new levels with the development of the ActualizeAI trading stack, which will apply the best AI technologies to outputs, driving improvements in accuracy and helping the community maximize the profitability of their decision-making.

Machine learning will soon enable rules-based logic to be applied to outputs, which benefit from regressive pattern recognition that understands how markets operate. This learning cycle is quickened by natural learning processing (NLP) before predictive modeling applies historical data trends. These trends, which will improve as more data is available over time, will work with reinforcement learning to allow ActualizeAI to provide accurate predictions and balance the risk/reward ratio on all trades.

How will ASI token work?

The release of the ASI token is timed to coincide with the development and testing of ActualizeAI while simultaneously underpinning AltSignals’ entire ecosystem. Coin holders will gain immediate access to ActualizeAI’s trading stack once it’s released, with access managed on two different levels. Token holders with more than 50,000 coins will be granted lifetime membership, while those with fewer tokens gain access for one year.

In addition, ASI coin holders will unlock several other perks and benefits through membership in the exclusive AI Members Club. For example, club membership unlocks entry into regular online trading tournaments and access to some of the most exciting and potentially lucrative early access private and presale opportunities to support new crypto projects.

Finally, ASI will be the medium of exchange on the platform, unlocking access to educational material to support traders of all abilities and expertise on their trading journeys while enabling all transactions on the platform.

How high can ASI reach in 2023?

The level of utility built into the ASI coin is readily apparent to all interested investors. Yet, ASI will also become a valuable governance token, delivering community-led governance to the platform, through which the members are granted full voting rights to determine the platform’s future.

This level of control goes beyond what investment property enthusiasts are accustomed to and presents another compelling reason why ASI attracts such interest among those looking to diversify. With this excitement at the early presale stages, analysts expect ASI to record impressive gains after the coin’s IDO, rising rapidly from its final presale price of $0.02274 to quite possibly breach the $0.50 barrier before the end of the year.

ASI is an excellent diversification for investment property experts

Holding a diverse investment portfolio is a perfect way for investors to minimize the damage of market fluctuations in one or two sectors. With nervousness growing in the real estate market, investment property experts looking for alternative investment opportunities could be wise looking to be involved in the ASI presale.

Tokens are available during stage 1 for only $0.015. With a rich growth potential for early-stage investors thanks to the exciting narrative of AI technologies, anyone reserving their tokens now could stand to record impressive gains in the short, medium, and long terms.

You can participate in the ASI presale here.

The post Investment Property Enthusiasts Discover AltSignals: Diversifying Portfolios with ASI Token Amid Real Estate Market Fluctuations. appeared first on CoinJournal.

As the play-to-earn (P2E) space continues to expand, many are looking to invest in crypto projects with a strong chance of capitalizing on the industry’s growth. One such project is Metacade, an up-and-comer that recently completed its sell-out presale raising $16.4 million. MCADE investors are now looking forward to the project being listed on top crypto exchanges.

In this article, you’ll learn what Metacade is, why it’s attracted so much investment, and where experts think the MCADE token could end by late 2023.

What is Metacade (MCADE)?

Metacade is a rising star in the GameFi space, providing an all-in-one community hub for P2E gamers. Its goal is to bring gamers, developers, and crypto enthusiasts together in a vibrant ecosystem, with the platform owned and operated by the community. Metacade offers its users a wide range of features designed to enhance the P2E gaming experience, like sub-forums for discussing individual games, real-time chat, and spaces for reading the hottest GameFi alpha. 

At the heart of Metacade is its native token, MCADE, which will serve as a utility and governance token within the platform. This token enables users to experience Metacade’s pay-to-play virtual arcade, vote on Metacade’s future, and earn rewards for contributing reviews, tips, and other helpful content to the community.

Other features, like a job board, a decentralized funding scheme known as Metagrants, and regularly held gaming tournaments, have caused considerable buzz amongst the crypto community. The project’s $16.4 million presale was a sell-out success, with the MCADE token being listed for sale on Uniswap, soon followed by important listings on CoinMarketCap, Bitmart, and CoinGecko. Those invested in MCADE are excited about its upcoming listing on major crypto exchange MEXC in May, as well.

What You Need to Know About Metacade (MCADE)

With Metacade gearing up for listings on top crypto exchanges, it’s essential to understand what sets this platform apart from the competition and why it’s attracted so much attention from the P2E community.

One of the most significant factors is the Metagrant program, a potential game-changer for the P2E industry. The scheme offers funding to game developers earning the most votes from the community for their proposals, with the winning game added to Metacade’s virtual arcade. This decentralized approach allows the community to shape the future of P2E gaming directly, creating a grassroots fanbase for new titles and likely attracting thousands of players onto the platform.

Metacade’s emphasis on community involvement and engagement makes it stand out in the crowded GameFi space. Metacade intends to give MCADE token holders the right to have their say in the platform’s direction through its decentralized autonomous organization (DAO), expected in 2024. Through the DAO and Metagrant program, Metacade ensures that its user base remains actively invested in both the platform’s success and the longevity of P2E gaming. 

In addition to its community-driven initiatives, Metacade is committed to helping players boost their P2E income. Not only does this mean offering the hottest GameFi alpha being shared by top players, but also includes a job and gig board. Here, users can find work in the Web3 and gaming industries and participate in casual game testing using Metacade’s native testing environment in return for MCADE tokens.

Finally, Metacade’s upcoming listings on top crypto exchanges will undoubtedly increase its visibility and accessibility, drawing even more interest from those investing in the lucrative GameFi sector. This increased exposure will likely lead to further growth and adoption, which could boost Metacade’s price in the coming weeks. 

Metacade (MCADE) Price Prediction

After being listed on Uniswap, analysts have observed strong price stability in the MCADE token, overcoming the usual sell-offs to list currently at $0.023. Considering Metacade’s staking pool filled in under five hours, it seems investor confidence is exceptionally high. This has led to bullish Metacade price predictions.

Some estimate that MCADE will easily reach $0.25 by the end of the year, while others think $0.45 is a possible reasonable target. Even more ambitious price predictions see MCADE smashing $0.70 in 2023, putting today’s investors up 2943%!

Don’t Miss Out on Metacade’s (MCADE) Top Crypto Exchange Listings

In summary, it’s easy to see why the hype surrounding Metacade’s listings on top crypto exchanges is increasing. Investing in crypto comes with a significant degree of uncertainty, especially for new projects. However, Metacade has demonstrated itself capable of capturing the intense focus of the investment community with its well-thought-out roadmap and unique set of valuable features.

With a recent partnership with metaverse development company MetaStudio stimulating excitement around Metacade, it’s safe to say MCADE is likely to see continued price increases in the near future given the impressive 28% rise as the token listed on Bitmart on 20 April, and with MEXC due next in early May.

You can find out how to buy MCADE here.

The post Metacade Token Listing on Top Crypto Exchanges in May. Here’s What Investors Need to Know. appeared first on CoinJournal.