Schlagwort: crypto analysis

• Shiba Memu is a new meme cryptocurrency that taps into the power of AI and blockchain.

• Through AI, Shiba Memu will be a self-sustaining marketing powerhouse, delivering value to investors.

• The price of the meme token increases every day, and its presale concludes in 8 weeks.

Who thought meme cryptocurrencies would have so much following and attraction in this day and era? Just in early 2020, the market cap of the total meme token market was $0. In early 2022, the market was valued at over $20 billion, showing how much potential meme tokens have. Early entrants like Doge and Shiba Inu and latecomers like Pepe Coin have always elicited enthusiasm. But now, we are talking of a new meme coin that combines AI and blockchain technology, Shiba Memu(SHMU). Since launching its presale, Shiba Memu has hit unprecedented demand, with more than 26,755,000 tokens sold.

What is Shiba Memu (SHMU)?

Shiba Memu is not your usual meme cryptocurrency. It is a revolutionary coin that taps into the power of AI and blockchain to create a self-sustaining marketing powerhouse.

As you already know, AI has been a buzzword since ChatGPT came into being in November 2022. Who doesn’t know what ChatGPT can do today, including letting you do serious stuff like writing code or drafting an assignment?

Shiba Memu is a meme cryptocurrency that embodies the unique attributes of AI to learn and promote itself across social networks and other forums. With the help of AI-based software, Shiba Memu can write its own PR and promote successful marketing strategies. 

Shiba Memu is also learning 24/7, all on its own, to become a better version of itself. As the power of AI grows, Shiba Memu will become more intelligent and powerful, achieving more than what hundreds or thousands of marketing agencies combined can do. 

Does investing in Shiba Memu make sense?

Up to now, meme tokens have shown great potential, eliciting reactions even more than mainstream cryptocurrencies like Bitcoin. The potential reason is that investors are looking for fun and creative ways to engage in crypto, which is only possible through meme tokens. 

But investing in Shiba Memu is more than that. It carries a value proposition owing to its AI capabilities. It doesn’t need those annoying Twitter or Reddit spats to gain traction. The token will pick battles on its own and generate hype using AI. This is its essence of being a meme token and remaining independent. That means the token can potentially explode in value and generate significant returns to investors. 

Aside from that, who wants to miss out on the AI train? Tech wars are moving to AI, just like the internet disrupted everything and made adoption the only survival tactic. Put simply, Shiba Memu’s AI angle manifests a trend that is catching up with us. The inevitable shift into AI makes Shiba Memu a worthwhile investment in the future.

Shiba price increases every day

Shiba Memu is always on the move, right from the presale. The price of the token rises each day at 6 pm GMT, which is quite positive for its incremental value addition. Throughout the presale, the price will have doubled from a starting value of $0.011125 to $0.0244. 

Shiba Memu’s presale will last for 8-weeks and conclude with whatever amount investors will have put in. Token distribution will start when the presale ends. Since the project runs on ERC20 and BSC networks, investors can buy it with Ethereum, USDT, BNB, and BUSD.

Should you invest in Shiba Memu now?

Time is of the essence in investment, and finding projects that can deliver exceptional returns feels like a gift. History has taught that meme cryptocurrencies are most ideal when the hype is building up rather than when FOMO has dried up. 

If meme crypto is your preferred investment, this could be the right time to pick Shiba Memu before the presale ends. The potential for the token is huge, and the application area through AI is limitless.

The post Shiba Memu (SHMU) bursts into the meme scene with an unstoppable demand appeared first on CoinJournal.

• Elon Musk, the richest man on earth, has started a new AI company.

• Nvidia made a $50 million investment in a biotech company using AI.

SingularityNET price jumped sharply on Thursday as investors reacted to the latest investments in artificial intelligence (AI). AGIX, the network’s token, jumped to a high of $0.2640, the highest level since July 3rd. 

AI investments rising 

Artificial Intelligence has been a major theme this year as investors cheer the launch of key projects like OpenAI’s ChatGPT and Google’s Bard. As a result, most companies with an exposure to artificial intelligence like Nvidia and C3.ai have done well this year.

There are two main reasons why AGIX and other AI cryptocurrencies are rising. First, Elon Musk, the richest man in the world, announced that he had launched a new AI company known as X.ai. 

Details about what the company will do and how it will work are still thin. Still, analysts believe that the company will seek to build a better AI model than ChatGPT and Bard. 

Elon Musk has a long history with AI. For one, he was one of the initial funders of OpenAI. Also, a company like Tesla uses some AI features already. Therefore, investors believe that his involvement will lead to more growth in the industry.

Second, AI coins and stocks jumped after Nvidia announced a $50 million investment in Recursion, a biotech company. Recursion will use Nvidia’s cloud platform to handle over 23 petabytes of biological data. This is a sign that there are still more demand for the AI financial assets.

SingularityNET price forecast

The 4H chart shows that the AGIX crypto price has made a strong bullish trend in the past few days. It has moved above the important support level since June 20th. The coin has moved above the 25-period and 50-period moving averages. It is also approaching the important resistance level at $0.2693, the highest point on July 3rd. 

Meanwhile, the token seems like it has formed a head and shoulders indicator while the Relative Strength Index (RSI) has moved above the overbought level. Therefore, a move above the right shoulder level of $0.26 will invalidate the bearish view. A move above the resistance at $0.2693 will lead to more upside, with the target being at $0.30.

The post SingularityNET’s AGIX price outlook as AI investments rise appeared first on CoinJournal.

• The US published weak jobs and inflation data this month.

• The Fed could now hike rates less times than expected.

• A dovish tone could be a good thing for Chancer and other cryptocurrencies.

American stocks jumped to a multi-month high while the US dollar index slipped to the lowest level since April 2022 on Thursday. Similarly, US bond yields and the CBOE VIX index turned red after the US published encouraging inflation data. These numbers, coupled with last week’s soft jobs data, could have an impact on cryptocurrencies, including Chancer.

US inflation and jobs data

The US published mixed jobs numbers last week. A report by ADP showed that the American economy added over 400k jobs in June, the highest figure in years. A separate report by the statistics bureau revealed that the country’s economy added over 209k jobs during the month.  The official report was relatively soft than expected.

The US then published soft consumer inflation data on Wednesday. According to the Bureau of Labor Statistics, the headline consumer price index (CPI) dropped from 4% in May to 3.0% in June. Core inflation also continued falling during the month.

Therefore, inflation is moving near the 2% target rate and this trend could happen faster than expected. For one, global shopping costs have plummeted while China has moved close to deflation. China is a big exporter to the United States.

These numbers will have an impact on all financial assets because of their impact to the Federal Reserve. Most economists now believe that the Fed will deliver another 0.25% rate hike this month and then pause indefinitely. In a note, an analyst at Point72 said:

“What we’re seeing is consistent with the market scaling back tightening expectations for after the July meeting, but it doesn’t seem that it should be pricing in scope for rate cuts this year.

A change of tune by the Fed will be a good thing for assets like stocks and cryptocurrencies. 

Chancer token sale continues

Another big crypto news of the week is that Chancer developers introduced more ways to buy the token. In addition to BUSD, the developers added Ethereum, Tether (USDT), and Binance Coin as options to buy the token. This is an important move because it gives users diverse ways to invest in the token.

🚀💎 The moment you’ve been waiting for is here! 🌟💸

You can now purchase $CHANCER using $ETH, opening up a whole new world of possibilities! 💥🔥

Get in on the action, secure your tokens, and ride the wave to incredible profits! 🌐💰

🤑BUY HERE: https://t.co/iHffMmdhCk pic.twitter.com/ppSxsDQfrQ

— Chancer.com (@ChancerProject) July 12, 2023

Chancer’s token presale is going on well. For one, thousands of people have already bought the token, bringing the total amount raised to over $748k. The total amount of Chancer token sold stands at over 74 million.

For starters, Chancer is a platform that seeks to disrupt the sports betting and prediction market using the blockchain technology. It is a global platform that will make it possible for people to bet on international sports using cryptocurrencies.

At the same time, Chancer will enable any member to create their own markets and livestream them using the platform’s tools. For example, a user can create a market of a local game and then let a global audience bet on it. The user will take a cut of all the amounts placed in that market.

Chancer is now selling tokens as the developers prepare to launch the testnet in the coming months. You can buy the $CHANCER token here. Also, you should read the Chancer white paper to know more about the project, Most importantly, we recommend that you excise caution when investing in Chancer and other token presales.

The post Fed rate hikes to peak as inflation cools: Implications for Chancer appeared first on CoinJournal.

• Atlantic Equities downgraded Coinbase stock to “neutral” on Wednesday.
• Cathie Wood also trimmed her stake in the crypto exchange today.
• Coinbase stock is currently up more than 150% versus the start of 2023.

Investors should pull out of Coinbase Global Inc now that it’s rallied more than 150% since the start of this year, says Simon Clinch – an Atlantic Equities analyst.

Coinbase stock has downside to $80

On Wednesday, Clinch downgraded the crypto exchange to “neutral”. His $80 price target warns of a 10% downside from its previous close.

In his research note, the analyst cited valuation and ongoing regulatory scrutiny as reasons for turning dovish on Coinbase stock.

The risk/reward looks less attractive at this level given continued regulatory challenges ahead and the surprisingly weak volume backdrop.

The Securities and Exchange Commission sued Coinbase Global Inc last month for violating the U.S. securities laws. The Nasdaq-listed firm also added an instant messaging feature to its wallet on Wednesday.

Cathie Wood trims her stake in Coinbase

Clinch recommends moving to the sidelines in Coinbase stock also because the USDC market cap has declined which will affect the company’s interest income.

With these factors in mind, we’re concerned the outlook for rest of FY23 may have deteriorated incrementally despite strength in crypto asset prices over the past month.

Coinbase Global Inc is expected to lose 84 cents a share in its current financial quarter versus $4.95 per share a year ago.

Also on Wednesday, famed investor Cathie Wood trimmed her stake in the crypto exchange. Her flagship Ark Innovation ETF sold 135,152 shares of Coinbase for roughly $12 million.

The post Coinbase stock could see a near-term pullback – analyst says appeared first on CoinJournal.

• Phase 2 of AltSignals presale is 50% sold out

• The token’s demand has been fueled by a proprietary trading service and AI craze

• $ASI could rise to $0.1 in 2024 as more investors join ActualizeAI

Days after a successful presale in phase 1, investors are back on AltSignals ($ASI) in the second stage. Phase 2 of the presale has raised more than $1.15 million, representing approximately 51.12% of the tokens. The quick presale underlines strong investor interest in the token of the trading signal service, despite the price rising slightly to $0.01875 in the second phase.

AltSignals AI angle exciting for investors

AI has nearly been a buzzword in 2023, with analysts predicting it to be a game-changer for numerous industries. The launch of ChatGPT in late 2022 started the craze as enthusiasm also gripped crypto and stock markets. 

In trading, AI has been touted as a game-changer as it aids in machine learning, predicting modelling, and sentimental analysis to generate quality trading signals. AltSignals is tapping into the power of AI to supercharge trading results. The trading signal service has previously used a highly successful algorithm to generate signals for its over 52,000 traders.

Dubbed AltAlgo™, the algorithm has produced over 3,782 trading signals, with accuracy rates averaging 64%. Owing to the increase in AI application, AltSignals want to take the game higher and make its platform a go-to place for new and seasoned traders in stock, forex, crypto, and CFD markets.

What is AltSignals’s AI trading service’s value proposition?

AltSignals AI trading service will be dubbed ActualizeAI. The team looks at ActualizeAI as the ideal iteration to expand the scope of the trading instruments covered and increase the accuracy of the signals. Investors will become ActualizeAI members by buying $ASI, the token that will power the trading community and become the medium of exchanging value. 

One of the benefits of owning $ASI is access to quality trading signals by the AltSignals team. With the early success of AltSignals since its founding in 2017, there has been a lot of enthusiasm that the AI service will grow investors’ earnings. Investors also benefit from the appreciation in the value of $ASI as the AI trading service continues to garner popularity.

ActualizeAI members acquire trading-related skills by participating in tournaments and competitions on the platform. They also get to accumulate $ASI for winning competitions against other traders. 

Other utilities that $ASI carries include participation in community governance which gives holders the decision-making power in the affairs of the platform. There are also exclusive presale opportunities and access to AI-powered products for ActualizeAI members.

Will $ASI reach $0.1 in 2023?

$ASI is a token with a lot of potential, given that $AltSignals has been in existence and has organically built a trusted trading community. Coupled with the growing popularity of AI, the potential for the token to rise by up to $0.1 is strong.

A prediction of $0.1 in 2023, however, looks too soon since it means the price must rise by 1,000%. As the token starts listing in the third quarter, investors should expect substantial price increases, with a prediction of three-digit percentage rises more likely.

Predictably, a 1,000% is likely in 2024. This is when all the developmental activity of ActualizeAI will have occurred, opening the doors to more investors.

Should you buy $ASI this week?

$ASI is in its second presale phase, and the price is rising at each stage. With less than 50% left to end phase 2 of the presale and the price to rise, it could be the right time to buy the token. 

Also, $ASI is geared toward listing on Uniswap in the third quarter. Listing on an exchange means the token will be opened up to more investors, giving it a chance to skyrocket in price. This means that buying now presents a better opportunity for investors as the token’s value is still low.

The post AltSignals’s stage 2 presale quickly closes the 50% mark amid the rush for AI-trading appeared first on CoinJournal.