Schlagwort: crypto business

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Crypto price prediction: Memeinator (MMTR), Tectum (TET), Solana

  • Memeinator’s token sale has raised over $3 million in the past few months.

  • Tectum token surged as investors cheered the growth of its holders.

  • Solana remained under intense pressure as demand waned.

Cryptocurrency prices are bracing for a big week that could set the tone for the rest of the year. The Securities and Exchange Commission (SEC) is widely expected to approve Bitcoin ETFs by the likes of Blackrock, Invesco, Fidelity, and Franklin Templeton. 

The SEC has already asked the applicants to submit their final revisions ahead of a vote set for this week. Most experts believe that the agency has no reason to deny these applications because companies have already added the mitigation measures that the agency requested. This article looks at some of the top cryptocurrencies to watch this week, including Memeinator (MMTR), Tectum (TET), and Solana (SOL).

Memeinator prediction

Memeinator, one of the upcoming meme coins, has continued doing well in the past few months. The company has raised over $3 million in a token sale that has been going on for the past few months. This makes it one of the fastest-growing tokens in the industry. 

Memeinator aims to be the next big thing in the crypto industry. Precisely, it aims to become a major player in the meme coin industry that is now dominated by the likes of Dogecoin and Shiba Inu. It also aims to beat the new age meme coins like MEME, Pepe, and Bonk., which surged hard in 2023.

Memeinator aims to achieve this by creating an active community of enthusiast in its ecosystem. It also aims to create an ecosystem made up of games and NFTs in the future. Also, the developers aim to incorporate concepts of artificial intelligence (AI) to its ecosystem. You can buy the MMTR token here.

Tectum price forecast

Tectum is a blockchain project that claims to be the fastest one in the industry. According to its website, it can handle over 1 million transactions per second. This is a major figure considering that Ethereum handles less than 30 TPS. It is faster than most other well-known networks like Fantom, Avalanche, and Tron. 

TET, its token, was one of the top performers during the weekend as demand for the token jumped. According to its website, its holders jumped to over 12k across the ERC20, BEP20, and T12 networks. TET is used to mint Softnotes, paying merchant fees, Tectum gas fee, and bridged token fees.

The 4H chart shows that the TET crypto price has been in a strong uptrend in the past few weeks. It has moved from a low of $9.07 in December to over $45. It remains above the 50-day and 25-day Exponential Moving Averages (EMA). 

The outlook for Tectum is still bullish, with the next point to watch being at the YTD high of $45. A drop below the support at $35 will invalidate the bullish view.

https://twitter.com/tectumsocial/status/1744043800610148429

Solana price forecast

Solana price has suffered a harsh reversal in the past few days. After peaking at $126 in December, the token has pulled back to $96. It has remained below the 50-period and 25-period moving averages. The coin’s Relative Strength Index (RSI) has continued falling and is hovering near the oversold level.

Therefore, the outlook for Solana price is bearish, with the next point to watch being at $84.70, the lowest swing on January 3rd. A move above the key resistance at $100 will invalidate the bearish view.

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DCG settles Genesis Debt, Memeinator’s token presale takes centre stage

  • Digital Currency Group (DCG) settles Genesis debt.
  • Besides settling Genesis’s debt, DCG has repaid a total of $1B to its creditors.
  • Memeinator’s MMTR token presale has raised $3.2M in its eleventh stage.

Digital Currency Group (DCG) has achieved a significant financial milestone by fully clearing its short-term debt, including the debt it owed the bankrupt Genesis subsidiary.

Simultaneously, the crypto space is buzzing about Memeinator and its MMTR token presale, aiming to capitalize on the meme coin mania.

DCG settles Genesis debt

The short-term debts resolved by Digital Currency Group included a substantial repayment of $1 billion to creditors and a staggering $700 million directed towards Genesis. This strategic move ensures stability for DCG amid ongoing bankruptcy proceedings and underscores the company’s commitment to responsible fiscal management.

The debt settlement follows a lawsuit initiated by Genesis in September, seeking the recovery of an outstanding loan balance exceeding $610 million. DCG’s commitment to debt repayment, highlighted in a strategic agreement reached in August, reflects its determination to honour financial obligations.

Crucially, the agreement safeguards Genesis under DCG’s tax consolidated group, offering protection and potential tax benefits. This protection could prove instrumental, allowing Genesis to offset losses against future profits and potentially retain benefits on Net Operating Losses (NOLs) amounting to $700 million.

Notably, after the $700 million repayment, the remaining loan balance is scheduled for repayment to Genesis by April 1, as approved in federal bankruptcy court.

Despite uncertainties in the aftermath of the cryptocurrency market crash, both DCG and Genesis express optimism about the future.

DCG CEO Barry Silbert, while showing his excitement about the recent settlement in a tweet stated that he is  “excited about the industry’s next chapter and DCG’s leadership role in it.”

Memeinator’s MMTR token presale

While DCG hands the bankrupt Genesis a lifeline with the $700 million loan repayment, Memeinator, a rising player in the crypto space, is making waves with its ongoing MMTR token presale. Investors are flocking to the crypto project and the presale has already raised an impressive $3,065,084 out of the targeted $3,200,431 in Stage 11.

Positioned as the “hottest meme coin on the market,” Memeinator aims to dominate the meme coin landscape with innovative product launches, including the Memescanner and the Memeinator Game.

The MMTR token envisioned as a staple among top-tier meme coins, promises genuine utility, offering access and perks in revolutionary products. Memeinator’s roadmap outlines strategic phases, from initial calibration and launching on popular exchanges to the eventual goal of meme domination. The tokenomics section delineates the allocation of funds to presale, marketing, development, exchange liquidity provision, and a competition pool, ensuring transparency in Memeinator’s financial strategy.

Conclusion

DCG’s successful debt resolution and Memeinator’s MMTR token presale mark dynamic developments in the cryptocurrency landscape.

DCG’s commitment to fiscal responsibility and Genesis’ protection under a tax agreement set the stage for a resilient future. Simultaneously, Memeinator’s innovative approach to meme coin dominance demonstrates the industry’s constant evolution. As these narratives unfold, the crypto community eagerly awaits the next chapters in the stories of DCG and Memeinator.

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Metacade price prediction amid bullish outlook for Ovr, UBXS

  • Metacade, Ovr and UBXS could benefit from altcoin rally as P2E and RWAs dominate 2024.
  • OVR and UBXS arel targeting $1 and $0.1 respectively.
  • MCADE is signaling a potential upswing as price holds at a key level.

As the crypto market consolidates amid bull market predictions, three altcoins likely to take off big time in coming weeks and months are Metacade (MCADE), Ovr (OVR) and UBXS (UBXS). As UBXS and Ovr prices pick upside momentum, MCADE is signalling a bullish flip as price holds above a key support level.

OVR and UBXS price prediction

OVR and UBXS are trading higher today, with their respective prices up in the past 24 hours. UBXS has posted more gains in the past week, netting over 42% in weekly upside action. Meanwhile, OVR has seen about 8% in upward returns over the same period.

As the market recovers from this week’s dip, the two coins could benefit from a resurgence in play-to-earn (P2E) and tokenization narratives. Experts say the latter is one of the key trends to watch in 2024.  

According to crypto analyst Michael van de Poppe, a rallying altcoin market amid growth in tokenization of real-world assets could help UBXS price. The analyst sees a potential move to the $0.09- $0.13 area.

“The #Altcoin market is going to accelerate some more in the upcoming period, as the cycle just started. #RWA will be one of the core topics and $UBXS is such a project. Held a crucial support level and looks ready for a new impulse towards $0.09 and $0.13,” the analyst posted on his X account.

OVR, the token of the augmented reality (AR) metaverse Over the Reality, could benefit from the rise of P2E, Web3 and metaverse. OVR reached peaked at $3.33 in December 2021. While its 89% off that high, a bounce from current price of $0.34 could see bulls retest recent resistance above 0.74. Bull market targets from will be above $1.  

Metacade price prediction

Metacade price has struggled for upside momentum since hitting highs of $0.02 in November. The blockchain-based gaming platform’s native token MCADE reached the recent peak amid the bullish sentiment that surrounded Metacade’s mainnet launch.

While the milestone and the major partnerships the GameFi project has struck with leading providers continues to drive adoption, the initial buoyance for MCADE price has faded since the 106% gains in a week last November.

Indeed, at current levels below $0.012, Metacade price is down 28% in the past month. It’s also significantly off its all-time high above $0.045 reached in May 2023.

However, play-to-earn (P2E) is expected to see greater traction in 2024 and programs such as Metacade’s Meta Grant could incentivize the community of developers and game studios even more. MCADE could be a bigger beneficiary of this outlook as the gaming platform begins to dominate the space.

MCADE price is likely to bounce off the $0.012 with an altseason providing tailwind impetus. Approval for a first spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could be the initial trigger of this. 

Short term, Metacade’s native token could explode to above $0.1, while the psychological $1 remains a target.

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Meme Moguls price outlook as Cardano and XRP eye bull market lift

  • Ripple (XRP) price is above $0.57 while Cardano (ADA) is at $0.55.
  • Both altcoins could eye the $1 price level in 2024 as the market intensifies its bullish outlook.
  • Meme Moguls is a new project in presale, currently priced at $0.0027 as interest pushes total raised amount to over $1.4 million.

Cardano (ADA) and XRP (XRP) are two of the top 10 coins by market cap that could rip higher amid the current bull market expectations. The crypto market is also keen on Meme Moguls (MGLS), a new token in presale that has attracted over $1.4 million.   

Which altcoin hits the psychological $1 first – ADA or XRP? Could MGLS outperform post-launch?

XRP price prediction: Can bulls break $1 barrier in 2024?

Ripple scored a major win against the US Securities and Exchange Commission (SEC) in 2023, with XRP declared not a security. While XRP price surged amid the resulting exuberance, the rally faded just above the $0.94 mark in July.

Another upside move collapsed above $0.74 in November. XRP price however remains well above the lows of $0.30 reached in January 2023. 

Although CoinGecko data shows the altcoin’s value has declined 8% over the past 30 days, its gains over the past year currently stand at 66%.

XRP price chart. Source: TradingView 

Ripple’s established presence in the global payments market means further traction for XRP. Also notable is the imminent end to its legal battles with the SEC. Regulatory clarity combined with a confluence of positive market catalysts, including spot ETFs momentum, could be big for crypto, not just XRP.

In this case, a break above $0.74 brings the $1 mark into view and could see XRP target $1.5. The all-time high for XRP/USD is $.40 reached in 2018.

Cardano (ADA) price prediction: $0.70 is a key hurdle

The price of Cardano (ADA) is currently poised above $0.55 as buyers look to recover from this week’s dip in crypto prices amid the spot Bitcoin ETF speculation.  

For Cardano bulls, price needs to hold above $0.55 for upside continuation. If that happens, a break to $0.70 could bring $1 into play. According to crypto analyst Captain Faibik, a bullish pennant suggests a potential 30-40% surge in ADA price.

But with the altcoin having struggled for upside momentum since the breakdown from $0.70 in May 2022, the likelihood of a breakout could rely more on this broader market sentiment. 

Bitcoin’s flip from lows of $41,450 on Wednesday to above $44,000 at the time of writing could help altcoins higher.

Meme Moguls (MGLS): A new 100x token?

Meme Moguls is a project that seeks to bring the benefits of stake-and-earn to the fast-growing meme ecosystem. 

With meme-inspired digital tokens such as Dogecoin, Shiba Inu and Pepe hitting new highs recently, the market can benefit more by tapping into this potential via Meme Moguls.

Powered by the governance token MGLS, Meme Moguls offers a platform from which users can unlock rewards while showcasing their trading prowess. Becoming a mogul on Meme Moguls will see users earn MGLS on top of other perks such as NFTs.

Meme Moguls price outlook

While XRP and Cardano are poised for a potential breakout to the psychological $1 mark, Meme Moguls is a new crypto token likely to outperform in coming months.  

Currently in stage 4 of the ICO, the price of MGLS has increased from $0.0019 to $0.0027. Post presale price movement could see MGLS explode in the second half of 2024, particularly with a successful project launch amid a bull run.

As the meme coin market grows, Meme Moguls’ innovative approach to the sector could see the project dominate a market expected to hit $6.1 billion by 2025.  

Interest in the Meme Moguls presale is high, with more than $1.4 million raised within a few weeks of its launch.

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Starknet delegates vote to move v0.13.0 from testnet to mainnet

  • Starknet’s governance committee has announced a vote on the migration of its v.0.13.0 from testnet to mainnet.
  • The Starknet Alpha v0.13.0 was deployed on Goerli and Sepolia testnets in December.

The Starknet Governance Committee announced on January 4, 2023 that a governance vote on the migration of Starknet v0.13.0 from testnet to mainnet was now live.

Apha v0.13.0 migration from testnet to mainnet

According to the platform, the protocol upgrade for v0.13.0 was open to all delegates, who will vote on the proposal for five days between Thursday, January 4 and Monday, January 8, 2023. The third vote is open to anyone with the native STRK token and to delegates.

While the vote is open to those with STRK tokens or are delegates, Starknet says all community members are welcome to contribute via discussion and feedback. The vote will be taken via a snapshot and passed or rejected on a simple majority, the Governance Committee noted in Thursday’s announcement.

Starknet Alpha v0.13.0 is expected to focus on two aspects of the protocol. Primarily, the upgrade is meant to add the new transaction version v3, with features such as support for STRK as the blockchain platform’s gas token. V3 will also look to bring reduced transaction fees on mainnet.

The v0.13.0 was deployed on the Goerli and Sepolia testnets on December 12 and 13, 2023 respectively. 

Community excitement for Starknet has skyrocketed since the project confirmed an airdrop for STRK would be undertaken in early 2024. The project announced a rewards program of 50 million STRK for ecosystem contributors in October. In December, it said it would allocate 10% of network fees to developers.

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