Cosmos Price Predictions For 2023. Could AltSignals’ ASI Token Outperform ATOM?

Many investors are looking for the next big opportunity, with the crypto market looking bullish in recent weeks. Cosmos and AltSignals are two names that keep cropping up, but which one is the better investment? In this article, you’ll read some expert Cosmos price predictions and determine whether AltSignals could outperform ATOM in 2023.

Cosmos (ATOM) Has Gone From Strength to Strength

Cosmos, termed the “Internet of Blockchains,” is a revolutionary ecosystem designed to address the issues of interoperability, scalability, and security that have long plagued the cryptocurrency space. It effectively allows unrelated blockchains, like Bitcoin and Ethereum, to interact and exchange information with one another, opening up an entire world of new use cases and functionality. 

This incredible utility has put Cosmos ahead of the pack regarding price performance. While much of the crypto market has lagged behind in recent months, ATOM has posted plenty of bullish price action. From its June 2022 low of $5.55, it increased over 200% to $17.2 in September. Similarly, in mid-March, ATOM rose 31% from $10.29 to $13.48 over the course of four days.

A number of bullish developments on the chain will likely support ATOM’s future price performance. Independent blockchains can now purchase security from validators of the Cosmos hub, which will boost staking rewards for ATOM holders and bring more value to the ecosystem. 

Moreover, the Inter Blockchain Communication (IBC) protocol, which enables interoperability across Cosmos’ native blockchains, saw the number of projects built using its technology grow from 32 in Q4 2021 to 53 in Q4 2022. This is a sign that Cosmos’ adoption is picking up, and could drive future price growth.

Cosmos (ATOM) Price Prediction

Due to the bullishness surrounding ATOM, Cosmos price predictions for 2023 have been rising in recent weeks. ATOM is currently worth around $12, but many see it reaching at least $22 before the year ends. More optimistic Cosmos price predictions have been set in the $27 to $33 range, which seems possible given recent developments on the network. 

In a best-case scenario, some experts have even placed Cosmos price predictions at $39. If this occurs, then today’s investors could be up approximately 225%!

AltSignals (ASI) Is Paving the Way for AI-Based Trading Solutions

AltSignals is a highly regarded trading signals provider founded in 2017, catering to crypto, forex, and stock market traders. Over the years, AltSignals has built up a solid reputation and amassed a community of over 50,000 free subscribers and 1,400 VIP members. It has issued over 1,500 highly-accurate trading calls, achieving a 64% average win rate and producing some phenomenal returns. 

For example, AltSignals returned its Binance Futures subscribers 4,643% across 23 Binance Futures trades in January and February, achieving an average 91% win rate. These results are supported by the platform’s Trustpilot page, which boasts a 4.9/5 star rating over nearly 500 positive reviews. 

AltSignals’ success can be attributed to the proprietary AltAlgo™ indicator, which scans the markets to identify real-time trading opportunities using over 34 different strategies and filters. This indicator is coupled with AltSignals’ team of pro traders, who are now looking to take their next step with the ASI token and ActualizeAI algorithm. 

This algorithm will leverage various leading AI technologies, including predictive modeling and sentiment analysis, to refine the existing AltAlgo system and deliver unparalleled trading signals. ASI token holders gain exclusive access to this state-of-the-art AI-driven algorithm, ActualizeAI, allowing them to stay ahead of the market and optimize their trading performance. 

Owning the ASI token also grants investors entry into the AI Members Club, where they can participate in product testing, contribute ideas, and be the first to try new updates made to the ActualizeAI algorithm. Not only does this help to create an engaged community with a stake in AltSignals’ development, but it also offers investors opportunities to earn additional ASI tokens as a reward for their efforts. 

These extra ASI tokens can then be accumulated to unlock more advanced features of the ActualizeAI ecosystem, providing users with enhanced trading insights and tools. Alongside other valuable features, like entry into trading tournaments and a say in the platform’s governance, ASI offers holders outstanding utility. This could lead to substantial price appreciation in 2023, according to analysts. 

AltSignals (ASI) Price Prediction

While AltSignals’ ASI token will finish presale at $0.02274, many 2023 forecasts see it reaching much higher. Some consider this price exceptionally undervalued, given AltSignals’ proven track record and potential to transform the trading signals industry. As a result, predictions have been made for ASI to hit $0.40 by the end of 2023.

Even bolder projections put ASI as high as $0.70, which isn’t impossible. If this level is reached, then even the latest presale investors could be seeing gains of almost 3,000%.

Which One Should You Invest In?

While Cosmos’s price predictions are undoubtedly optimistic, its profit potential for 2023 has nothing on AltSignals. With the ASI token’s introduction and the ActualizeAI algorithm’s development, AltSignals has the potential to leverage its already sizeable community to create significant demand for its token.

Investors getting involved today can look forward to potentially even more profit. That’s because ASI is still in its launch phase of the presale, worth $0.012. You won’t want to miss out on the ASI token presale – it could just be one of the best-returning tokens of 2023. 

You can participate in the ASI presale here.

The post Cosmos Price Predictions For 2023. Could AltSignals’ ASI Token Outperform ATOM? appeared first on CoinJournal.

Least amount of Bitcoin on exchanges since the previous bull market top in December 2017


Key Takeaways

  • The balance of Bitcoins on exchanges is in constant decline, now at the lowest point since December 2017 
  • Meanwhile, long-term investors continue to hold, soaking up the supply
  • Coins that have not been touched in 10 years now outnumber those held on exchanges 

I wrote a piece last week on the exodus of stablecoins from exchanges, with the balance currently the lowest since October 2021, with 45% of the total balance of stablecoins on exchanges flowing out in the last four months. 

But the glut in liquidity is not limited to stablecoins. The world’s biggest cryptocurrency is also seeing funds flow out. Only 11.8% of the total Bitcoin supply is currently on exchanges – that is the lowest since December 2017. 

To jot your memory, December 2017 was the previous bull market peak. Bitcoin rose to within a hair of $20,000 before freefalling into a two-year-long bear market which ravaged the entire industry.

Since January 2020, exchanges’ reserves of Bitcoin have been only going one way: down. It hints at the demand/supply imbalance that so many Bitcoin truthers advocate for, with the much-vaunted hard supply cap of 21 million coins for Bitcoin. 

If demand keeps rising, they argue, the price can only go up because supply cannot keep up. 

Central to this thesis is the resilience of long-term holders to keep a firm grasp on their bitcoins. And when assessing whether they have, the answer is a resounding yes. 

The below chart presents long-term holders against the total exchange balance. In November 2022, the number of bitcoins last active 10+ years ago overtook the number of bitcoins on exchanges. 

Of course, some of these long-term holders will be lost coins, either via their owner dying or losing their private keys. 

But the stat is still interesting and speaks to the cohort of (very) early investors in Bitcoin who remain clinging to their coins with all their might. Remember, this includes the anonymous Satoshi Nakamoto, who is estimated to hold over 1 million coins, or 5% of the total supply. 

Below is the chart displaying the current portion of the Bitcoin supply split out by time held and compared to the exchange balance. 

The result is interesting, but even more so when considering that the last three years brought both the euphoric highs of Bitcoin at nearly $70,000 during the pandemic and then the bone-crushing fall through 2022, which saw it careen down towards $15,000. 

In terms of the long-term trajectory of Bitcoin, it’s undoubtedly bullish. Of course, it all depends on whether the demand for additional Bitcoin will hold up. The supply may be getting squeezed, but that is all for nothing if the demand side doesn’t hold up its end of the bargain. 

And on that note, the last year has been a big blow. Not only has capital flowed out of the space at an alarming rate, but a number of very high-profile scandals (LUNA, Celsius, FTX and so on) have rocked the space. The fear is that these episodes have dented the reputation of the cryptocurrency space and will inhibit the demand for Bitcoin on the intuitional side. Have people been put off moving into the space?

It’s hard to say. But in looking at long-term holders, their confidence seems resolute. 

The post Least amount of Bitcoin on exchanges since the previous bull market top in December 2017 appeared first on CoinJournal.

Crypto price prediction: HBAR, Celo, Injective Protocol

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

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

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.

LINK/USD: when will this consolidation end?

  • 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.

TRX/USD bullish setup as it tries to overcome resistance

  • 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.