Schlagwort: blockchain analysis

Bitcoin price had a strong performance this week as investors ignored one of the biggest cryptocurrencies news of the year. During the week, the Commodity Futures Trading Commission (CFTC) announced a lawsuit against Binance, the biggest crypto exchange in the world. The rally coincided with the strong comeback of American indices like the Dow Jones and Nasdaq. This article will look at the price predictions of Hedera Hashgraph (HBAR), Celo, and Injective Protocol.

Hedera Hashgraph price prediction

The 4H chart shows that the HBAR price had a good week as investors reacted to its growing ecosystem. Hedera Hashgraph managed to move above the key resistance at $0.068, the highest level on March 14. The token has moved above the 50-period exponential moving average (EMA) while the Relative Strength Index (RSI) has moved close to the overbought level.

HBAR has moved above the Ichimoku cloud. Therefore, there is a possibility that the coin will continue rising, with the next key resistance level to watch being at $0.078, the lowest point on February 13. This price is about 13.45% above the current level.

HBAR chart by TradingView

How to buy Hedera Hashgraph

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 HBAR with eToro today Disclaimer

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 HBAR with Bitstamp today

Celo price prediction

Celo is an EVM-compatible blockchain platform that makes it possible for developers to build quality applications in industries like DeFi and Non-Fungible Tokens (NFT). Celo jumped as the number of Celo Domain Names minted jumped to over 200k. The developers also announced that Celo’s Europe DAO was coming soon.

Celo has been in a strong bullish trend in the past few days. It moved above the key resistance level at $0.6861, the highest level on March 20th. The coin has moved above the 50-period moving average. Further, the Stochastic Oscillator has also moved slightly below the overbought point. Therefore, Celo will likely continue rising as buyers target the key resistance at $0.85, ~20% above the current level.

CELO chart by TradingView

How to buy Celo

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 CELO with eToro today Disclaimer

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 CELO with Binance today

Injective Protocol price prediction

INJ price has been in a strong bullish trend in the past few years. Injective Protocol has jumped by about 90% above the lowest level this month. It has risen by 280% above the lowest level this year. The token has moved above the 50-period moving average while the Relative Strength Index (RSI) and the Stochastic Oscillator moved to the overbought level.

Therefore, Injective Protocol will likely continue rising as buyers target the key resistance point at $5.5. This view will be confirmed if it moves above the year-to-date high of $5.0. 

INJ chart by TradingView

How to buy Injective Protocol

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 INJ with Binance today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy INJ with KuCoin today

The post Crypto price prediction: HBAR, Celo, Injective Protocol appeared first on CoinJournal.

• LINKUSD has consolidated for more than six months
• A bearish flag might form
• Bulls and bears should wait for a breakout before acting

Chainlink provides data to smart contracts on the blockchain, and LINK/USD is in a long-term consolidation following an abrupt selloff. Both bulls and bears must have lost their patience, but such consolidations are interesting to trade because they usually appear ahead of another big market move.

Unlike other cryptocurrencies, LINK did not make new lower lows in the second half of 2022. Instead, buyers appeared on every attempt to trade below $6.

So that is a bullish accomplishment. On the flip side, every bounce was not strong enough to break the previous lower high. Therefore, bears appear to still be in control.

2023 brought a much-needed rally to the cryptocurrency market. Bitcoin, in particular, surged, and its bullish price action translated into bullish movements on other coins too.

Indeed, LINK/USD rallied from $6 to $8, only to meet new sellers there. In other words, the price action evolves inside a horizontal channel, and until a breakout, the chances are that it will go nowhere, only frustrating both bulls and bears.

LINKUSD chart by TradingView

Does the horizontal channel suggest anything?

Whenever a horizontal consolidation appears on a chart, the technical trader should look on the left side for trending conditions. In this case, a bearish trend is present, meaning that the horizontal consolidation might be part of a bearish flag pattern.

That is one scenario.

Another is that the market is simply carving a bottom. But for that to be true, bulls should wait for the price to break above $9.5, and ideally above $10, before going long.

The measured move of a horizontal channel is the channel’s width. So, just look for a breakout in either direction and target the measured move.

The post LINK/USD: when will this consolidation end? appeared first on CoinJournal.

• TRXUSD tries to overcome resistance seen at $0.07
• A double bottom pattern formed at $0.05
• An inverse head and shoulders pattern supports the bullish case

Another bullish setup appeared on the cryptocurrency market, this time involving TRON.TRX/USD struggles to overcome resistance seen at $0.07, and various bullish patterns formed in the meantime.

First, we should mention the bearish trend that lasted until the very last moment of 2022. Even in 2022, the market tried to make a new lower low, but somehow, bulls survived.

Second, even if the future price action confirms the double bottom and the inverse head and shoulders pattern, it would mean nothing if they are not accompanied by further strength above the previous higher low.

TRXUSD chart by TradingView

Tron has formed a double bottom pattern at $0.5

During the last weeks of 2022, Tron has formed a double bottom pattern. As it turned out, the $0.05 area was too difficult to break.

A double bottom is a reversal pattern – a bullish one. Hence, it forms at the end of bearish trends.

Its measured move coincides with the measured move of another bullish pattern – an inverse head and shoulders.

An inverse head and shoulders comes to support the bullish case

An inverse head and shoulders pattern takes more time to form. In this case, it took about half a year and is still incomplete. Bulls may want to see the price action closing above the neckline and then heading toward the measured move seen in orange on the chart above.

Whenever there are more than one patterns that point in the same direction, it is said that the market is in a confluence area. But the real bullish break, if any, would come only if TRX/USD is strong enough to break above $0.09, a pivotal area. On such a move, it means that the previous lower high is broken, and more strength should lie ahead.

The post TRX/USD bullish setup as it tries to overcome resistance appeared first on CoinJournal.

The Crypto markets can prove challenging to navigate due to the volatile nature of its response to Macro economic and political incidents which affect it. This volatility is further fuelled by the speculative nature of the projects to which cryptocurrencies are attached, with new and cutting-edge technologies being applied while in their infancy but with potentially revolutionary outcomes affecting the future.

AltSignals is one such platform that is adopting brand-new technologies, as it also launches the presale round of its new token, ASI. Here’s why crypto traders are already flocking to get on board with this exciting, unique opportunity.

AltSignals: Making online trading simple

AltSignals launched in 2017 and rapidly grew into a highly successful online trading community, now serving 52,000 members. The platform provides trading intel including the best entry-level investments and target prices which its community should consult before buying or selling. The new algorithmic AltAlgo™ trading indicator is designed to help members maximize the profitability of the volatile nature of the crypto market.

Alongside this well-established capability, AltSignals Is harnessing the power of Artificial Intelligence (AI) to improve the quality of its signals further and begin revolutionizing the trading signals market with its ActualizeAI toolkit.

To help push AltSignals to the forefront of the AI-powered crypto revolution, it is currently launching its ASI coin during a five-round presale event before hitting exchanges later in 2023. ASI coin holders receive several benefits, including exclusive access to ActualizeAI signals and joining the ActualizeAI Club.

Can ASI reach $1 in 2023?

The beta presale phase launched the new token, ASI, at the price of $0.012, a value set to rise over the event to an eventual $0.02274. The deflationary tokenomics, and built-in utility within the AltSignals platform, which the AI capability will further enhance, looks set to catapult ASI to the forefront of Web3 AI-enabled projects.

The rich potential of ASI could see it go stratospheric when it hits the exchanges after the presale, and some analysts predict that ASI could push toward the $1 barrier by the end of the year. Even if it falls slightly short of this mark, early investors will more than likely see handsome returns on their initial outlay during the presale.

What is AltSignals?

AltSignals is one of Web3’s largest online trading communities, helping investors consistently profit by navigating market trends. The release of the ASI token will help expand the blockchain operations for all AltSignals alongside the ActualizeAI toolkit.

ActualizeAI combines machine learning algorithms that continually scour markets 24/7 to provide the most up-to-date data fed through a pioneering predictive modeling tool and eventually merged with natural language processing (NLP) to deliver highly accurate signals to the AltSignals community.

The results of ActualizeAI-enabled signals are impressive levels of data that determine the best entry point for investors seeking new trades at the best buy/sell prices. Access to the toolkit is available to all ASI token holders.

How does ASI work?

As well as unlocking access to ActualizeAI signals, coin holders can choose to become members of the ActualizeAI club. This unlocks access to some of the most lucrative crypto opportunities, including the best presale events and most profitable-looking p2p sales.

In addition, ASI coin holders can make their holding work for them by gaining crypto rewards through a couple of routes. Firstly, the Innovate2Earn program incentivizes users to give feedback on new features during beta testing. Crypto tokens are rewarded to those that test and comment on the useability and feasibility of each component before gaining exclusive use when new additions to the ecosystem go live for a limited period.

Finally, ASI is a governance token in addition to having  a sizeable amount of utility in AltSignals. This allows all coin holders to have voting rights on the platform’s governance and future strategic direction. This community-minded focus is central to ASI’s overall investment appeal.

Could AI be the next big thing in crypto trading?

Blockchain technology and AI are in their infancy. The full power of each has yet to be fully realized, and crypto projects certainly look set to play a big part in the development of AI. Onlookers will be watching the progress of Altsginals’ adoption of AI technology within the blockchain arena with keen interest.

With AI built to analyze complicated and large datasets and continually evolve and learn, thus improving the accuracy of its signals, and blockchain effectively providing a huge decentralized database to be mined, the two technologies are considered to complement each other with rich dividends available.

AltSignals looks very well set to quickly harness the potential of both technologies and become a leading adopter of AI in the crypto trading sector and wider blockchain world. This innovative use of the two technologies could catapult AltSignals skywards very quickly.

Is ASI worth buying?

The ASI token presale is an outstanding investment opportunity as it goes hand-in-hand with an ambitious, pioneering crypto project and enjoys the backing of a well-established name in the crypto world.

AltSignals’ new AI-enabled toolkit can help crypto traders maximize their profits more easily. With this new ASI token unlikely to revisit the low prices of its presale event, now is the time for the early investor to get involved at the current price, with dividends anticipated on the horizon.

You can participate in the AltSignals presale here.

The post Crypto Traders Gear Up and Flock to AltSignals’ New Token, ASI appeared first on CoinJournal.

If you’ve been paying attention to the crypto market in recent years, there’s a good chance you’ve heard Cardano’s (ADA) name being thrown around. 

Many crypto investors see long-term potential in ADA, but some are wary of its instability. This article will break down Cardano price predictions and why some investors are looking at AltSignals’ ASI token, which is now in its presale, for more prospects.

Cardano’s outlook for 2023 and beyond

Throughout 2021, Cardano saw a significant amount of traction, which garnered the interest of many investors in the crypto market. With faster transaction times than Ethereum and Bitcoin, Cardano also brings lower costs and energy usage to the table. It also aims to deliver these benefits without cutting corners on scalability and security.

Although cryptocurrency had a great year in 2021, it saw quite a downturn throughout 2022. Some of this comes from the general crypto market condition, but worries about ADA’s tardy development may also play a part.

Back in September, Cardano underwent an upgrade called the Vasil hard fork. There was a lot of controversy over this upgrade as it was released to help Cardano offer more scalability, functionality, interoperability, and overall performance. This has inherently brought the ongoing discussion about the cryptocurrencies future and changing sentiments when it comes to Cardano price predictions.

Will Cardano (ADA) reach $6.00+?

That’s quite a jump from where Cardano sits right now, and you’d be right, but looking at the short and long-term potential is essential. Many analysts, such as Wallet Investor, CaptainAltCoin, CoinCodex, and the like, offer insight into the cryptocurrency’s future.

One of the highest price predictions right now comes from PricePrediction.net. They predict that Cardano can reach over $6.00 by the year 2030. Compared to many other predictions, this would be a relatively bullish take.

Another long-term prediction from CaptainAltCoin states that ADA could land somewhere around $2.11 by 2030. They feel the cryptocurrency can surpass $4, but not until 2040. This has brought up more conversation among crypto investors about the cryptocurrency’s instability and why AltSignals’ ASI token may be a decent alternative.

What is AltSignals’ ASI token?

Considering the benefits of artificial intelligence, natural language processing, and machine learning in predicting market trends, AltSignals will be adding an AI tech stack element for their dedicated investor community. It aims to provide advanced sentiment analysis, optimized risk management, and accurate, automated trading. With their AI ecosystem, AltSignals claims to give ASI token holders a significant advantage in the market.

The ASI token will also open access to the company’s AI ecosystem, ActualizeAI, currently in development. investors’ access to this ecosystem directly correlates to the number of tokens in their wallets. This is a big part of the company’s incentive to attract crypto investors. 

Holding ASI tokens will also give investors early access to their new AI algorithm, ActualizeAI.  These benefits sound excellent; it’s also essential to understand the token’s utility. 

AltSignals’ token utility will focus on the following key points:

• ActualizeAI (AI algorithm)
• Future AI-powered products
• The AI Members Club
• Exclusive presale opportunities
• Trading tournaments
• Community governance

It’s evident that the ASI token plans to bring fresh opportunities to the cryptocurrency market and AltSignals. Although the company aims to offer its investors numerous benefits, it hopes to impact the market by giving traders a better chance at success.

How the ASI token will change the signals industry

AltSignals aims to assist traders with the help of artificial intelligence. The company has previously sent traders over 1,500 signals with a track record of 64% accuracy. Their new AI layer will combine machine learning and natural language processing (NLP) to achieve the best results possible.

AltSignals’ linear regression model will predict the future prices of assets with surprising accuracy. As they move forward with ActualizeAI, the company will eventually shift to predictive modeling. 

This will give crypto investors accurate predictions of future market trends long before they come to light. The company’s integration of artificial intelligence on multiple fronts makes it a powerhouse for accurate signals and analysis. 

Is ASI worth buying?

At this time, AltSignals is focused on the presale of its ASI token. According to its website, ASI is currently offered at $0.012 per token and has sold approximately 30.76% of available tokens. Not only does the roadmap look quite promising, but the company already has a pretty impressive track record and could offer a 100x return for presale investors.

It’s also the perfect time to promote this narrative of artificial intelligence in the crypto market, as AI has rapidly taken the world by storm over the last year. The technology is finding its way into every industry, and AltSignals aims to be a leader in AI for the crypto signals market. Considering it’s still early in the roadmap, taking advantage of their presale could be a sound investment.

You can participate in the AltSignals presale here.

The post Cardano Price Predictions – Heading To the Moon? Crypto Investors Turn To AltSignals’ ASI Token for More Price Movement appeared first on CoinJournal.