Schlagwort: blockchain analysis

• Dogecoin is unable to break above the $0.1 resistance level
• It failed to rally in 2023
• If Bitcoin gives up some of its 2023 gains, Dogecoin should retest the lows

Dogecoin is the 9^th cryptocurrency in terms of market capitalization, and it had quite a day yesterday. It jumped 5% as Elon Musk, CEO of Tesla and SpaceX, tweeted that the Starship launch may take place on Doge Day.

But that spike was not enough for a sustained bullish run. In fact, Dogecoin is down over 8% in the last 24h, as the $0.1 level still provides stiff resistance.

So what to expect from Dogecoin price moving forward? What does technical analysis say?

Dogecoin chart by TradingView

Dogecoin remains bearish while below $0.1

Dogecoin price soared 23,000% in 2021 in what appeared to be a rally that will never stop. But the market formed a contracting triangle that acted as a reversal pattern.

By the end of the same year, Dogecoin had given up most of its gains. However, as it turned out to be, it was only the beginning of a bear market that lasted into 2022 and beyond.

Since the start of 2023, leading cryptocurrencies like Bitcoin saw their price surging. Unfortunately, it was not the case with Dogecoin, which still finds stiff resistance at $0.1.

Therefore, while below resistance, the bias remains bearish. What if Bitcoin corrects from the 2023 highs? If it does so, then Dogecoin will eye a new test at the all-important $0.05 support level.

The post Dogecoin price prediction amid a new rejection at $0.1 appeared first on CoinJournal.

Hong Kong has received a massive boost in its bid to overtake Singapore to become the world’s leading crypto hub. The government hit crypto market news headlines with its plans to let retail investors in Hong Kong City trade digital tokens such as Bitcoin and Ether. Also, this follows hot on the heels of the crypto market news that more than 20 crypto companies are outlining their intentions to move operations to Hong Kong in response to increasing levels of regulation from US authorities.

Market analysts are speculating whether this huge crypto investment in Hong Kong could push the token sales of the pioneering GameFi platform, Metacade, even higher after successfully listing its new token MCADE on Uniswap earlier this month. Bitmart and MEXC are due to list MCADE in the next few weeks, which begs the question, just how high can MCADE go?

How high can MCADE go in 2023?

Crypto market news outlets were captured when the MCADE token presale raised $16.35 million in record time. Also noteworthy, MCADE listed on Uniswap at $0.022 after its beta presale phase started at just $0.008, providing significant returns for early investors. Experts believe that MCADE will continue to make ground as it reaches a broader audience through its imminent listings on Bitsmart and MEXC, respectively, during April and May 2023.

In addition, Metacade has just announced an exciting partnership with MetaStudio, which, in combination with the platform’s exciting road map, extensive token utility, and transition toward becoming a decentralized autonomous organization (DAO) already in motion, looks set to push MCADE beyond the $0.50 barrier by the end of 2023. Reaching these potential price targets would represent gains of more than 20x for investors purchasing tokens in the early stages of its public listings.

What is Metacade?

Metacade has made no secret of its ambitions to be a leading light in revolutionizing the GameFi landscape by building the world’s largest play-to-earn (P2E) gaming arcade, allowing users to earn while pursuing their passion for gaming. To achieve this, Metacade will create a thriving community of gaming enthusiasts, developers, and crypto fans while catering to a vast range of gaming interests to maximize the platform’s total addressable market (TAM).

To this end, Metacade has set itself the task of building the world’s largest selection of gaming titles to help the project gain greater recognition within the crypto mainstream and grow its user base. To use Metacade, all users will require the MCADE token to access the platform’s various features while delivering outstanding utility to coin holders. This utility is a significant reason for building excitement regarding the platform, making it such an exciting crypto investment opportunity that it is making headlines among crypto market news outlets.

Metacade’s whitepaper has gained plenty of praise from GameFi experts thanks to its comprehensive project plans, which underline the outstanding decision-making skills provided by the expert and verified Metacade project team. Part of the strategic plan that makes MCADE such an enticing crypto investment is the devolution of power to the community, which will see Metacade become a DAO by the end of 2024.

This community-led governance will add value to MCADE, which already has plenty of utility inbuilt, such as that provided by the platform’s comprehensive rewards system that goes beyond the norm in the GameFi sector. For example, users will be incentivized to build community by receiving rewards for posting social content, such as game reviews, to the platform.

How does MCADE work?

The native MCADE coin is the currency to drive Metacade’s ecosystem, from powering the rewards system to providing the medium of exchange for transactions on the platform. Another advantage is that the total supply of MCADE tokens is limited to just 2 billion, which experts predict will increase buying pressure as the platform’s user base grows.

Most excitingly, MCADE provides the stimulus for one of Metacade’s most innovative programs that encourages the creation of new games exclusively on the platform, driving user retention to unprecedented levels and increasing the user base. Also, the Metagrants scheme offers crypto funding to game developers who want support to create new games. Each concept enters into a pool before being voted on by the MCADE coin-holding community, illustrating a crucial part of Metacade’s move toward community-led governance. The most popular ideas receive a grant from the platform’s central treasury, helping the concept become a reality.

Is MCADE a good crypto investment?

MCADE has captured the imagination of several experts within crypto market news outlets, with all signs pointing toward it being an excellent crypto investment for the intelligent investor in the short, medium, and long term. Moreover, even in its early guise, Metacade outstrips many GameFi competitors with its multi-game library and gaming experiences, placing it well to become a potential leader in the burgeoning crypto-gaming sector.

Metacade is in its infancy and has many exciting features to roll out in the coming months. The exciting crypto market news, such as the support for crypto investment in Hong Kong, gives MCADE an optimum chance to establish itself as one of the best crypto investment choices for 2023.

Stay informed about when MCADE lists on Bitmart and MEXC exchanges by following Metacade’s Twitter page.

You can find more information, including on how to buy MCADE, here.

The post Crypto Market News: Hong Kong Plans for Massive Crypto Investment. Could This Push Metacade’s Token Sales Further on Uniswap and Other Crypto Exchanges? appeared first on CoinJournal.

• Solana’s price action remains bearish while below $40
• A series of lower highs is still valid
• Only a bullish break above $40 invalidates the bearish sentiment

Designed to support smart projects and decentralized apps, Solana was launched in the first quarter of 2020. What followed was one of the most impressive rallies in the cryptocurrency market’s history. 

Sure enough, the pandemic did help, as people were literally throwing money into any project that had something to do with online businesses. Also, governments and central banks flooded the financial system with cheap money, so speculation reached extreme levels in the cryptocurrency market and the stock market. 

As such, at its peak in November 2021, Solana’s performance against the US dollar has reached 18640.78%. It traded above $225, but the drop was as impressive as the rise. 

It now trades around $20, well below its all-time highs. However, in terms of performance since inception, it delivered remarkable results, as even at the current levels the price is up over 1500% since launch. 

Solana chart by TradingView

Bearish sentiment remains while below $40

In 2023, the cryptocurrency market bounced from its recent lows. Led by Bitcoin, other cryptocurrencies followed. 

Solana bounced from the lows when other cryptocurrencies bounced – at the end of 2022. Since then, it rallied sharply, but nevertheless, the bearish bias persists while below $40. 

Traders should focus on the series of lower lows that remains intact. Therefore, while below $40, the chances are that the 2023 rally is nothing but a bear market rally. Such rallies are known to be aggressive and misleading. 

Summing up, bulls may want to wait for Solana to trade above $40 again before establishing a long position. Otherwise, the risk is that the lows will be tested sooner rather than later, as bears will keep pressuring the market. 

The post Solana price prediction as the cryptocurrency market rallies appeared first on CoinJournal.

With AltSignals’ ASI presale gaining traction, many investors are excited about its potential to offer them substantial crypto gains in 2023 – in more ways than one. In this article, you’ll find out why AltSignals has garnered so much hype in recent weeks and how its ASI token could change the game for investors and traders across the globe.

AltSignals: Generating Crypto Gains Since 2017

Created in 2017, AltSignals has grown to become one of the market’s leaders for trading signals, boasting over 50,000 subscribers to its free signals and 1,400+ members in its VIP group. While there are many signal providers out there, AltSignals has set itself apart from the crowd by focusing on producing high-quality, accurate trading signals in the crypto, forex, and stock markets with its AltAlgo™ algorithm.

AltSignals has used this market-beating system alongside a team of veteran traders to generate over 1,500 signals for traders across the globe. In January 2023, it achieved a 94% win rate across 17 trades as part of its Binance Spot signals program, returning 175% in a single month. The month previous, it produced 384%. These results, while extraordinary, are a regular occurrence for AltSignals. 

AltSignals’ stellar performance is backed up by its TrustPilot page, which features almost 500 positive reviews and an average 4.9/5 star rating. However, a recent announcement by AltSignals has investors excited about the prospect of making even more crypto gains: the ActualizeAI layer and the ASI token.

What Is the ASI Token?

The ASI token will be the backbone of AltSignals’ ActualizeAI ecosystem. ActualizeAI will introduce a unique AI stack to the AltAlgo™ indicator, enabling it to level up through machine learning, natural language processing, reinforcement learning, and more. This will, in theory, increase the number and accuracy of the platform’s signals, providing even more opportunities for traders to make some sweet crypto gains. 

The ASI token itself is necessary to gain exclusive access to the ActualizeAI algorithm. By holding over 50,000 ASI tokens, investors will be granted lifetime membership to the algorithm’s signals. Investors holding less than 50,000 tokens will be provided with a 1-year membership. But owning ASI doesn’t just offer access to premium trading signals: it opens up an ecosystem of opportunity for traders and investors. 

For example, holders will be the first to know about the very best presale opportunities – either projects that have partnered with AltSignals, or bubbling presales highlighted by the algorithm’s sentiment analysis feature. Moreover, traders can boost their crypto gains through regularly held trading tournaments for the chance to win significant prizes!

One standout feature that has investors excited is the AI Members Club. Here, members will be able to earn ASI as a reward for contributing feedback and testing the latest updates made to the ActualizeAI algorithm. These tokens can then be accumulated to boost their membership level and open up more advanced ecosystem features, held, or sold for some crypto gains. 

Lastly, the ASI token will be used as the platform’s governance token, allowing the future of AltSignals and ActualizeAI to be determined by the traders actually using the service. ASI holders will be able to vote on and propose changes made to the platform, giving them a chance to direct the project and maximize their utility. 

What Could ASI Be Worth by the End of 2023?

With a proven track record and a well-thought-out plan to supercharge its platform, many analysts are expecting good things from AltSignals in 2023. The ASI token will finish presale at $0.02274 per token, but predictions have been made for it to reach as high as $0.35 by the end of 2023 – potentially offering over 1,400% gains in under a year.

Expect Big Things From the ASI Presale

Overall, it’s easy to see why AltSignals has investors excited. The ActualizeAI algorithm could put AltSignals on the map as one of the most advanced signal providers on the market and lead to a flurry of signups as traders rush to get their hands on its calls. Meanwhile, the community-led governance and feedback system means the product will be vetted by real traders, helping AltSignals to optimize its service and algorithm. 

The projected ASI crypto gains could even be compounded if you act fast. Currently, ASI is in the first stage of the presale, selling for $0.015 per token. That means you could almost double your potential long-term returns on ASI just by being one of its early adopters. Don’t miss out on this once-in-a-lifetime opportunity to join the AltSignals AI revolution!

You can participate in the AltSignals presale here.

The post AltSignals Has Investors Excited About The Prospect Of Crypto Gains In 2023. Will The New ASI Token Take Off? appeared first on CoinJournal.

Early 2023 has seen a long-term trend reversal in the crypto markets, as Bitcoin has started to reclaim previous price levels, and many altcoins have reached new highs. The Polkadot price prediction remains bullish over the coming years, while AltSignals (ASI), a new crypto asset launched during this period, has been attracting significant investment already.

Early-stage crypto ASI is now expected to outperform Polkadot

Despite being a new crypto asset within Web3, AltSignals has already begun attracting significant investment levels. The ASI token presale has raised $112kin just 1 day since the event started, a strong signal of intent from the new platform.

In contrast, the Polkadot price prediction looks ready for a reversal after significant upward momentum at the beginning of 2023. The DOT token almost doubled in value between January and March and has since corrected.

While Polkadot remains a top 20 cryptocurrency by market cap, AltSignals is just launching its crypto token. New crypto assets often produce massive investment returns, and AltSignals’ unique blockchain offering could make it next in line for 100x gains.

What is Polkadot?

Polkadot (DOT) is an interoperable blockchain network and innovative layer-0 protocol. Polkadot unleashes the potential of blockchains to reach a far broader scale than has been possible in the past, as interoperability limitations have been a key barrier to blockchain scalability.

Polkadot helps its users easily exchange data and value between independent blockchain networks, giving anyone access to cutting-edge blockchain technology without participating in risky bridging processes.

Polkadot price prediction: Could DOT reach $100 in 2025?

The DOT token reached its previous all-time high during the 2021 bull market, climbing to a $54 valuation. The current Polkadot price prediction highlights critical resistance areas at $15 and $30 on the way back to an all-time high.

The Polkadot price prediction forecasts the potential for 10x gains from DOT in the coming years, but it may struggle to make significant improvements on its previous high. By 2025, experts suggest that the Polkadot price prediction is a maximum of $86.

What is AltSignals?

AltSignals has supported 50,000+ crypto traders with profitable trading signals since its launch in 2017. The project utilizes algorithmic indicators to deliver signals with an unmatched level of accuracy, making it an industry-leading platform for crypto trading tools.

The proprietary indicator released by AltSignals, AltAlgo™, helped those who matched its trades to 10x their portfolio in 19 separate months. It boasts an impressive accuracy rate of over 70%, making it one of the most successful trading indicators in Web3.

AltSignals is expanding its blockchain offering by releasing a new crypto asset, ASI. ASI provides access to a new-and-improved trading toolkit powered by an artificial intelligence called ActualizeAI.

ActualizeAI will leverage natural language processing (NLP) and predictive modeling to augment AltSignals’ trading tools with machine learning capabilities. By unleashing the full power of artificial intelligence on crypto market data, ActualizeAI is expected to give traders of all skill levels an edge while trading.

How does ASI work?

The new crypto asset being released by AltSignals, ASI, provides direct access to ActualizeAI – the artificial intelligence trading stack currently being developed by AltSignals.

The platform’s native token also provides entry to AI Members Club, an online community designed to give users more profitable trading opportunities. AI Members Club will provide users with access to public and private sales for promising crypto projects, which are often highly lucrative investment opportunities.

AI Members Club will also host online trading tournaments where massive crypto rewards are paid out to winners. As well as this, ASI token holders can stake their new crypto asset directly on the AltSignals platform and start earning a passive income.

Could ASI reach $5 in 2025?

AltSignals has the potential to become a significant AI-based blockchain protocol. It offers a novel solution to navigating market volatility that could appeal to many users over time.

Some experts are forecasting significant investment returns from the ASI token presale. The price of ASI will rise from $0.012 to $0.02274 during the event before it goes live on exchanges at the $0.02274 price level. By 2025, the new crypto asset could possibly be worth more than $5 – a staggering 200x price rise from the end of the presale.

AltSignals vs. Polkadot price prediction: Which is the better investment opportunity?

As a brand-new crypto asset, AltSignals is expected to produce a higher percentage return when compared with the Polkadot price prediction. While DOT investors are still likely to see significant returns, ASI is a fascinating investment opportunity for a key reason.

AI protocols in crypto are generating an increasing level of hyperbole, and many experts are suggesting that it could be the next subdomain of Web3 to take off truly. AltSignals could spearhead this progress over the coming years, which makes the new crypto asset presale a promising investment opportunity.

You can participate in the ASI crypto presale here.

The post Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot? appeared first on CoinJournal.