Schlagwort: crypto analysis

• AI-led token by Altman, Worldcoin, is said to go live on Monday

• Worldcoin’s launch comes when AI interest is growing with AltSignals, a recent entrant

• AltSignals value is expected to skyrocket when the token lists amid high demand

AI is becoming the application technology in finance and beyond. As such, AI-related projects are becoming sensations, with WorldCoin and AltSignals as two of those projects. Take the case of AltSignals, for example, which is launching an AI trading signal service. Since a presale of AltSignals started, investors have heavily bought the token, with the first phase completed. In the second stage, investors bought more than 53% of the tokens.

Worldcoin to launch on Monday – Reports

The controversial biometrics and AI token by ChatGPT CEO Sam Altman will reportedly go live on July 24. The token has generated a lot of interest as OpenAI has become popular since the launch of ChatGPT. 

Worldcoin seeks to build the world’s largest identity using AI. The project uses a device dubbed “The Orb” to scan an individual’s iris. So, each person can have a single identifiable Worldcoin ID. 

Nonetheless, Worldcoin has attracted criticism concerning how it handles biometric data. Still, investors are undisturbed, with the coin attracting thousands of daily signups since launch. The reported Monday launch of the cryptocurrency could be a litmus test of how much potential the coin has.

Meanwhile, investors are excited that AltSignals, a prosperous trading signal service, is going the AI route. The AI trading signal platform will be dubbed ActualizeAI and powered by a crypto token, $ASI.

Since its founding in 2017, AltSignals has benefited investors through its quality signals. The accuracy rates of the signals have averaged 64%. Launching an AI platform could be a game-changer in adding more value to existing and new traders.

AltSignals could be a potential high-earning project

AltSignals has grown popular for trading signals in forex, stock, and crypto markets. This has seen its membership grow to over 52,000 on Telegram. The platform has a strong rating of 4.9/5 on TrustPilot. 

The fact that AltSignals has been a successful project means its new focus on AI could pay big for investors. AI is used in the trading world for quality signal generation using the power of machine learning. AI also helps overcome human emotions, one of the greatest contributors to failures in trading systems.

As AI grows and AltSignals expands the range of financial assets covered in trading, that could unlock $ASI value.

Is $ASI a good investment?

$ASI could be a good investment from the perspective of speculating on a token of a highly demanded service. Investors will also enjoy quality trading signals to increase their incomes.

But besides the above, $ASI carries value from various benefits that members of ActualizeAI will enjoy. Investors will enjoy exclusive future presale opportunities and can earn tokens by contributing ideas on the platform. 

Investors can also earn $ASI by participating and winning in trading competitions. This is a good way to increase trading skills and competencies by learning from the AltSignals team and peers.

AltSignals also envisions a situation where the investors are in charge. Members of ActualizeAI can vote on governance issues and determine the direction of the platform. Investors will use their $ASI holdings to vote on key decisions.

What it means to invest in AltSignals in presale

The value of $ASI is rising at each stage of the presale. The token was valued at $0.015 in the first stage but now goes for $0.01875. However, the actual value of the token will be unlocked when the token lists on Uniswap in Q3, 2023.

Investing in AltSignals while on presale means buying the token at the best possible low price. The token is lower priced at the initial stages of the presale than in later phases.

The post Worldcoin to reportedly go live on Monday as AI gold rush fuels interest in AltSignals appeared first on CoinJournal.

• Solana made a new high for the year
• A double bottom might be in place
• All eyes are on the Federal Reserve’s interest rate decision

Investors in the cryptocurrency market have had a mixed year so far. Those betting on the rise of Bitcoin or Ripple have enjoyed impressive returns. 

For example, Ripple has delivered a triple-digit return so far in the year, as the cryptocurrency reacted to a positive ruling by a federal judge saying that when sold to institutional investors, Ripple is a security. 

Bitcoin is up around 80% on the year, on a mix of short-squeezing and dollar weakness. 

But not all cryptocurrencies have rallied like that. Take Solana, for instance. It rallied at the start of the year together with Bitcoin, but then, unlike Bitcoin, it gave up most of its gains. 

Nevertheless, during July, a short squeeze sent the market back to the horizontal resistance given by the $30 level. While the market failed to hold above, it did make a new high for the year, triggering optimism among investors. 

Solana chart by TradingView

Is a double bottom in place?

The $30 level offered resistance for the entire year. The fact that the market pierced it is a bullish sign, and one should not be surprised to see another attempt higher. 

However, there is one condition that must hold. That is, Solana should not make a new low. 

If it does not, one can talk about a possible double bottom area, even though the second bottom is a bit higher than the first one. Given the fact that this week the Federal Reserve of the United States is about to announce its interest rate decision, volatility will increase in the cryptocurrency market too. As such, another attempt at the resistance area, which provided support back in the past, should not be discarded, especially if the Fed signals that the terminal rate for the current tightening cycle is reached with this final hike. 

The post Solana finds stiff resistance at $30 in July, but bulls keep trying appeared first on CoinJournal.

Cryptocurrencies and stocks had a mixed performance this week as the corporate earnings season continued. The tech-heavy Nasdaq 100 index dropped after the relatively weak guidance by companies like Netflix and Nvidia. At the same time, the value-focused Dow Jones index rose after strong bank earnings. 

Bitcoin, on the other hand, remained under intense pressure as the crypto fear and greed index remained at 52. It moved slightly below the important support at $30k, signaling that bears are overwhelming the bulls. Ethereum dropped to $1,800 while coins like Tron and Chainlink surged during the week.

Chancer token sale nears target

An important market event is that Chancer continued its token sale during the week. The developers have sold over 9.3 million tokens valued at over $927k. Their goal is to get to 12.6 million tokens in the first phase of the sale.

Chancer’s token sale gained steam after the developers introduced new options for buying the tokens. They introduced additional cryptocurrencies like Ethereum, Tether, Binance Coin, and Binance USD. 

For starters, Chancer is a platform that is seeing to introduce a new way for people to bet across various events like sports, political campaigns, and economic data among others. In addition to these products, people will be able to create their own markets and live stream to the entire ecosystem.

Chancer will be significantly different from existing betting and prediction marketplaces like Fanduel and BetMGM. For one, in the future, the network will be highly decentralized, with all token holders having a chance to make crucial decisions in the platform. For example, they will decide on new features and pricing. Also, they will also share profits that the company makes. You can buy the Chancer token here.

Chancer prediction: What is the future of Chancer?

Chancer is a highly ambitious project that is aiming to disrupt an established industry that has unlimited resources. For example, the five biggest companies in the US and UK have a market cap of over $100 billion. These companies can spend billions of dollars in marketing and development.

This explains why Chancer is focused on raising capital through a token sale. These resources will help it to build the platform and market it to key markets around the world. 

Chancer has some important features that will help it compete with the incumbents. For one, it will be a decentralized platform that will give token holders more saying about how it is run. In addition to placing bets in the platform, Chancer will let people create their markets and make money when users place the bets.

Chancer will be a highly transparent platform with more features like mobile applications, and blockchain technology integration.

Is Chancer a good investment?

Chancer is holding its token sale at an important time. Inflation has dropped, which will likely see the Fed end its tightening. At the same time, it comes at a time when demand for cryptocurrencies is still high as evidenced by the performance of Pepe and other new meme coins.

Therefore, there is a likelihood that Chancer’s token will do well when the developers list it in decentralised and centralised exchanges like Uniswap, PancakeSwap, and Binance. In most periods, new tokens tend to do well shortly after listing. 

They then perform well after the developers make several announcements. In this case, Chancer will likely rise ahead of the mainnet launch and as the developers unveil several partnerships.

Still, it is always risky to invest in presale tokens. As a result, you need to use proper risk management strategies when buying the token. For example, you should only allocate a small portion of your funds to these tokens.

The post Chancer could be the next big thing in sports and social betting appeared first on CoinJournal.

• Ripple delivered triple-digit returns so far in the trading year
• Bitcoin consolidates around the $30k level
• Ethereum is up more than 50% YTD

During the summer months, trading slows as financial markets usually enter consolidation. The cryptocurrency market is no different – look at Bitcoin, and its inability to convincingly hold above $30k tells everything. 

As such, this is the best time to look back and see which cryptocurrencies have outperformed the US dollar in the first seven months of the year?

The chart below shows some dispersed performances. While some cryptocurrencies have rallied, others remained flat. In other words, the crypto market is no different than the stock or the FX market from this perspective, as it is equally important to find the right asset to invest in. 

Bitcoin chart by TradingView

Ripple leads the pack

Ripple is the single major cryptocurrency to have delivered triple-digit returns YTD. Sure enough, the bulk of the gains came from the reaction to a recent ruling saying that Ripple is a security when sold to institutional investors. 

The good news, though, is that the spike higher was not retraced. Instead, the market consolidated at those higher levels, telling us that this is more than just a short squeeze. 

Bitcoin’s YTD performance exceeds 80%

For most of the time in 2023, Bitcoin delivered the biggest return. It rallied right from the start of the year, but the rally stalled recently. 

Bitcoin has a hard time breaking and holding above $30k. Its performance this year is closely related to the US dollar’s performance. 

For instance, despite the Fed hiking the funds rate several times this year, the EUR/USD trades close to its highest levels for the year. Hence, the dollar’s weakness transpired in other markets, including cryptocurrency.

Ethereum delivered more than 50% return to its investors

Ethereum is in third place, with a return of more than 50% since the start of the year. After initially rallying with Bitcoin, it gave up more of its gains during consolidation. 

The post Top 3 cryptocurrencies that outperformed the US dollar in 2023 appeared first on CoinJournal.

Cryptocurrencies remained in a tight range this week as Bitcoin continued to ping pong around the $30,000 support level. The crypto fear and greed index consolidated at the neutral point at 52 while volumes remained low. This article will provide predictions of some of the top performers during the week, including XDC Network, Polkadot, and dYdX.

XDC Network price prediction

XDC Network is a small layer-1 and EVM-compatible network with enterprise grade features. It has higher transaction speeds and lower costs. Some of the players in its ecosystem are Copper, Vinter, Fireblocks, and Fluent, among others.

XDC Network price has been in the green in the past five straight days and is now hovering at the highest level since April 2022. At its peak, the token was up by more than 41% from the lowest level this month.

On the daily chart, the coin has moved above the 50-day and 25-day moving averages, which is a bullish sign. Most importantly, XDC is hovering at an important resistance point since this price was the highest level on June 1st. The Relative Strength Index (RSI) has moved to the overbought level. 

Therefore, XDC network’s rally will likely take a breather in the coming days. If this happens, the next level to watch will be at $0.035.

DYDX price prediction

The DYDX token price has done well in the past few days even as exchange volume has eased. This performance happened even as volume in the ecosystem dropped slightly. It also coincided with the strong performance of other DeFi tokens like Maker and Compound.

The daily chart shows that the DYDX token rose from June’s low of $1.3653 in June to $2.14. It has moved above the 50-day moving average while the Relative Strength Index (RSI) rose above the neutral point. Volume has been a bit low. Therefore, the token will likely remain in this range during the weekend.

Polkadot price forecast

Polkadot has been in a tight range this week since there was no ecosystem news. It has remained above the support at $5.15, the important support point at $5.15, the lowest level on March 10th. 

Polkadot price has also remained slightly above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral at 50. It is a few points below the support at $5.72, the highest point last week. 

Therefore, the outlook for the coin is neutral, with the next level to watch being at $5.72. A move above that level in a high-volume environment will confirm a bullish breakout.

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The post Crypto price prediction: XDC Network, Polkadot, dYdX appeared first on CoinJournal.