Schlagwort: crypto analysis

• Chancer presale has seen strong demand as investors bet on blockchain-based betting.

• Less than 10% of Chancer tokens remain before the first stage presale concludes.

• The value of Chancer could rise strongly after listing on Uniswap in Q3 2023 and after the mainnet launch in early 2024.

Chancer, a blockchain-based predictive markets application, opened the presale on June 13th, 2023. Five weeks later, investors bought almost $905,000 in tokens in the first phase. The amount suggests that Chancer is imminently sold out at the current price of $0.01 since the first stage targets $1 million. Investors seeking to buy the token can do so via the company’s website before the price rises in the second stage.

Why is Chancer in high demand?

Raising funds quickly through a presale suggests investors see value in Chancer. So, what does the token offer?

$CHANCER is the native token that will power a blockchain-enabled platform Chancer. It is the world’s first blockchain betting platform that allows users to bet against each other through a peer-to-peer (P2P) model. 

The opportunity lies in tapping into the fast-growing online gambling and bringing it to blockchain. According to market reports, online gambling will grow by 11.6% CAGR in this decade to hit $172 billion by 2030. Investors are betting on Chancer to revolutionise betting, given the growing application of blockchain in several other sectors. 

What is the value proposition of Chancer and its P2P model?

Chancer carries a value proposition in that it lets users bet on numerous events, outcomes, and situations. This happens as users create their own Chancer P2P markets and determine what to predict in those markets. They can then invite friends or join Chancer markets created by others. 

The exciting bit of P2P betting is that it allows flexibility. Users can bet on their preferred events, replacing the existing model where the bookmaker creates betting markets. Users can also determine the rules and odds for each bet via Chancer. 

Besides rewards on successful bets, Chancer lets users earn from market-making activities or creating P2P markets. That makes Chancer more than just a betting platform. The Chancer token can also be staked, allowing investors to earn passive incomes and improve their bottom lines. 

Chancer roadmap and predictions in 2023, 2024

Chancer is in the presale phase, but the demand for the project is already high. While the value of Chancer is increasing at each presale phase, the potential value of the token will be unlocked in the third and fourth quarters of 2023. This is when the token will be listed on exchanges. The token’s roadmap points to the first listing on Uniswap in the third quarter. The team eyes at least two CEX listings in Q3. 

In the fourth quarter, product development will begin. It will start with the testnet, aiming to pave the way for the full mainnet launch in the first quarter of 2024. 

The launch of the mainnet will be influential for Chancer as it actualizes the dream of bringing forth P2P betting. While our prediction is that the value of the Chancer token could start to rise in the third quarter of 2023, 2024 will be the most influential. This is when sustainable gains could be realised, allowing Chancer to go mainstream and become more acceptable. 

With the above roadmap, the value of Chancer could rise initially by double or triple-digit percentages in 2023. In 2024, the value could skyrocket by more than 10x heading into the future, where Chancer’s future acceptance will allow more gains. 

Should you buy Chancer this week?

Only 10% of Chancer tokens remain before the first stage of the presale concludes. After that, the price will increase by 10% in the second phase. 

With the demand for the token showing little signs of slowing down, chances are that the first phase will conclude in a few days. Thus, it could be the right time to grab the remaining tokens before the price increases to $0.011.

The post Countdown to the 2nd phase of the Chancer presale amid strong demand for token appeared first on CoinJournal.

• The AI industry is expected to grow to almost $2 trillion by 2030.

• AltSignals has raised more than $1.1 million in its second phase of the token sale

The Artificial Intelligence (AI) market is expected to continue growing in the coming years as demand from individuals and corporations rises. The most recent intelligence report on the industry showed that the market size stood at $207 billion in 2023 and that it will soar to almost $2 trillion by 2030. 

AI market to grow

The AI industry will continue growing as demand rises internationally. Analysts believe that AI models will disrupt all industries. For example, Hollywood actors and writers have gone on strike to protest the use of AI models in their work.

Many news organizations are now implementing AI in their operations. Besides, a well-trained AI model can now do a better job than most individuals. Most importantly, AI models will likely replace many financial analysts. Some quant hedge funds have found a lot of success using these models.

As a result, many companies are now investing heavily in AI. Microsoft spent over $10 billion investing in ChatGPT while Google has launched a similar platform. Apple has also built its own ChatGPT rival and is testing it internally. 

Further, Elon Musk has launched xAI, a company that will build AI tools. And Nvidia, the biggest semiconductor company in the world, is building technologies that will power the AI industry.

It is unclear how the AI industry will affect the world in the future. While some analysts see it leading to job losses, others believe that it will create jobs in the long run.

AltSignals token sale continues

Meanwhile, investors from around the world are still investing in AltSignals. The token sale has now raised over $1.19 million in its second stage. This means that the developers have sold over 53% of their $2.25 million target. Each ASI token is going for 0.01875 USDT and the price will rise by 12.05% in the next stage.

AltSignals is a financial services company that is seeking to incorporate artificial intelligence in its processes. The existing product, which is highly accurate and has thousands of customers, will be upgraded with a more advanced AI one.

According to AltSignals white paper, the developers will use several advanced technologies like natural language processing (NLP) and machine learning to come up with predictions. The ecosystem will be powered by the ASI token. 

For example, customers with more ASI tokens will receive more features like ActualizeAI, AltScalpPro, and discounts on all AI products. In the future, they will also be able to vote on key details in the ecosystem. You can buy the AltSignals token here.

Is it safe to buy ASI?

There are three main reasons why AltSignals will be the next big thing in the crypto industry. First, unlike meme coins that don’t have a utility, ASI has a real use in that it powers the AltSignals ecosystem. 

Second, AltSignals is in industries that are growing fast: finance and AI. This year, we have seen many AI coins like SingularityNET and Fetch AI jump by more than 500%. Finally, AltSignals is a genuine company with thousands of customers and positive Trustpilot reviews.

Still, you should be cautious when investing in AltSignals and other token presales. One way to mitigate risks is to ensure that you are investing a small portion of your funds in it.

The post AI market size prediction bodes well for AltSignals (ASI) appeared first on CoinJournal.

• Chainlink crypto price surged to the highest level since April.

• Whales have started accumulating the coin after the CCIP launch.

• Open interest in the futures market has jumped to 2021 highs.

Chainlink price went parabolic on Thursday as investors cheered the recent product news and purchases by whales. LINK token soared to a high of $8.20, the highest level since April 20th this year. It has jumped by more than 65% from the lowest level in June.

LINK whales are buying

Chainlink price is surging for two main reasons. First, the developers unveiled plans to introduce a new Cross-Chain Interoperable Protocol (CCIP), as I wrote here. This is an important upgrade in the network that seeks to join traditional finance companies to the blockchain.

CCIP will expand Chainlink’s use case by making it possible for companies like banks and insurance firms to join the blockchain. The announcement came a  month after Chainlink announced that it was running a trial of linking banks to the blockchain through its partnership with Swift.

Second, there are signs that whales have started buying the coin. Data shows that two whales acquired 788,877 LINK tokens this week. They bought these tokens by swapping their stETH and ETH tokens for LINK. Historically, accumulation by whales is usually one of the best buy signals in the market.

Chainlink open interest is rising

Meanwhile, data by Coinglass shows that open interest in the futures market jumped to the highest level since November. Open interest is an important metric in the futures market that denotes the number of futures contracts held by market participants. A higher figure is usually a bullish sign.

Chainlink’s open interest has jumped to more than $267 million, with most of them being from Binance. The other leading exchanges are Bybit, OKX, and Bitget among others.

How to buy Chainlink

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy LINK with eToro today Disclaimer

Public

Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.

Buy LINK with Public today Disclaimer

The post 3 reasons why Chainlink (LINK) price just surged appeared first on CoinJournal.

• Shiba Memu has raised $994,000 in a fortnight of presale

• The presale has generated a frenzy as investors bet big on the AI-led meme token

• The price of SHMU rises at each presale, with the value expected to explode once listed

Shiba Memu (SHMU) is seemingly eyeing the position of one of the best meme cryptocurrencies of 2023. At a time leading meme coins like Dogecoin and Shiba Inu are reeling from the effects of a prolonged crypto winter, Shiba Memu is attracting huge investor interest. Just two weeks since launching the presale, investors have accumulated almost $994,000 worth of the AI meme cryptocurrency.

About Shiba Memu

Shiba Memu is an AI-led meme coin that leverages the technology to market itself and generate hype. The meme can create its own PR and promote itself on social networks and forums. The AI-based software also allows Shiba Memu to learn from successful marketing campaigns to create more intelligent and powerful advertising. 

The idea behind using AI is to make Shiba Memu self-sufficient and be a viable investment. Unlike the previous meme projects, where huge budgets are spent on marketing, Shiba Memu leverages AI technology to achieve the objective. 

AI also allows Shiba Memu to work 24/7, with the team anticipating the capability will position it to be the best in creative advertising. Given its self-sufficiency, SHMU can generate huge returns over time. 

What utility does Shiba Memu carry?

Shiba Memu boasts itself as a showoff, capable of doing the work of 100 marketing agencies. Well, that is surely a showoff, but we all know what AI is capable of. With human-like tech capabilities, it means Shiba Memu can do more than what a normal person can. Thus, it is a low-maintenance meme coin that can grow quickly with a low budget.

But again, imagine a meme project that interacts directly with the users. As times have shown, investors are looking for more engagement, which has seen an increased rise in decentralised autonomous organisations. 

Shiba Memu features a robotic dashboard. Users can use it to give feedback, ask questions, provide suggestions, and interact with the AI. Indeed, this could be an ideal opportunity for meme lovers to build meaningful relationships with the loved dog-based meme. You can learn from it, including getting to know what’s up in the world of creative advertising.

If you are an investor seeking passive income, there are some exciting details. Shiba Memu tokens will be available for staking in a staking pool or smart contract. There is also an opportunity to provide liquidity via the Shiba Memu pool. You simply do it through a decentralised exchange and earn fees for transactions made on the DEX and a portion generated as trading fees by the pool.

How much can Shiba Memu rise?

This could be quite a subjective question to answer. But from past experience, Meme cryptocurrencies could be the best to invest for quick gains. These are cryptocurrencies driven by hype and retail mania, with prices rising by thousands of percentages. 

Fortunately, Shiba Memu has won the hearts of meme lovers, given the quick presale. Combined with the growing enthusiasm around AI, Shiba Memu could be an ultimate gainer by the time the token is listed on exchanges.

Should you buy Shiba Memu now?

Suppose you have ever missed a promising cryptocurrency that went on to return big to investors. In that case, you probably know what it means to miss an exciting opportunity like Shiba Memu. The meme cryptocurrency is already generating a frenzy, suggesting the potential to explode is huge.

Shiba Memu is also on the move, and procrastinators always pay a higher price tomorrow than today. What does this mean? The price of Shiba Memu rises daily at 6 pm GMT during the presale. This presale is set to occur in 8 stages. After that, the presale will end with whatever amount is raised. Investing now makes sense when the price is low, with a potential for considerable gains in the meme cryptocurrency.

The post Shiba Memu rides meme coin and AI mania as project raises $994k appeared first on CoinJournal.

• Ethereum’s price lags behind rival cryptocurrencies
• If Ethereum follows Bitcoin, a new yearly high might be in the cards
• Next week’s Federal Reserve meeting is key for the US dollar

The cryptocurrency market bounced strongly in 2023. Following a disappointing 2022, bulls are back as Bitcoin and other leading cryptocurrencies rallied hard.

For example, Bitcoin gained 81.86% YTD while Ripple rose as much as 137.53%. Compared with the two, one might say that Ethereum price lags, up “only” +58.37% this year.

In other markets, such returns are deemed literally impossible. Not in the cryptocurrency market, though, where fortunes are made (and lost) practically overnight.

So can one buy Ethereum because of the lack of momentum compared to its peers? Moreover, following Bitcoin’s steps, will Ethereum make a new high for the year?

Ethereum chart by TradingView

Federal Reserve to hike the funds rate again next week

Next week will be decisive for the short and medium-term perspective on the US dollar. The Federal Reserve of the United States is due to set the monetary policy next Wednesday, and the probability of a hike is close to 100%.

Never in history did the Fed ignore what the market has already priced in, so a rate hike is certain.

But the Fed may easily turn the tables around during the press conference that follows the FOMC Statement.

If the Fed Chair, Jerome Powell, hints at the terminal rate being hit, then the market will try to anticipate when the first rate cut will be delivered.

Hence, while a rate hike next week is hawkish the dollar, the Fed may deliver a dovish message during the press conference. If that is the case, expect Ethereum to make a new high for the year.

The post Should you buy Ethereum as it diverges from Bitcoin? appeared first on CoinJournal.