Schlagwort: crypto business

Veröffentlicht am

Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot?

Early 2023 has seen a long-term trend reversal in the crypto markets, as Bitcoin has started to reclaim previous price levels, and many altcoins have reached new highs. The Polkadot price prediction remains bullish over the coming years, while AltSignals (ASI), a new crypto asset launched during this period, has been attracting significant investment already.

Early-stage crypto ASI is now expected to outperform Polkadot

Despite being a new crypto asset within Web3, AltSignals has already begun attracting significant investment levels. The ASI token presale has raised $112kin just 1 day since the event started, a strong signal of intent from the new platform.

In contrast, the Polkadot price prediction looks ready for a reversal after significant upward momentum at the beginning of 2023. The DOT token almost doubled in value between January and March and has since corrected.

While Polkadot remains a top 20 cryptocurrency by market cap, AltSignals is just launching its crypto token. New crypto assets often produce massive investment returns, and AltSignals’ unique blockchain offering could make it next in line for 100x gains.

What is Polkadot?

Polkadot (DOT) is an interoperable blockchain network and innovative layer-0 protocol. Polkadot unleashes the potential of blockchains to reach a far broader scale than has been possible in the past, as interoperability limitations have been a key barrier to blockchain scalability.

Polkadot helps its users easily exchange data and value between independent blockchain networks, giving anyone access to cutting-edge blockchain technology without participating in risky bridging processes.

Polkadot price prediction: Could DOT reach $100 in 2025?

The DOT token reached its previous all-time high during the 2021 bull market, climbing to a $54 valuation. The current Polkadot price prediction highlights critical resistance areas at $15 and $30 on the way back to an all-time high.

The Polkadot price prediction forecasts the potential for 10x gains from DOT in the coming years, but it may struggle to make significant improvements on its previous high. By 2025, experts suggest that the Polkadot price prediction is a maximum of $86.

What is AltSignals?

AltSignals has supported 50,000+ crypto traders with profitable trading signals since its launch in 2017. The project utilizes algorithmic indicators to deliver signals with an unmatched level of accuracy, making it an industry-leading platform for crypto trading tools.

The proprietary indicator released by AltSignals, AltAlgo™, helped those who matched its trades to 10x their portfolio in 19 separate months. It boasts an impressive accuracy rate of over 70%, making it one of the most successful trading indicators in Web3.

AltSignals is expanding its blockchain offering by releasing a new crypto asset, ASI. ASI provides access to a new-and-improved trading toolkit powered by an artificial intelligence called ActualizeAI.

ActualizeAI will leverage natural language processing (NLP) and predictive modeling to augment AltSignals’ trading tools with machine learning capabilities. By unleashing the full power of artificial intelligence on crypto market data, ActualizeAI is expected to give traders of all skill levels an edge while trading.

How does ASI work?

The new crypto asset being released by AltSignals, ASI, provides direct access to ActualizeAI – the artificial intelligence trading stack currently being developed by AltSignals.

The platform’s native token also provides entry to AI Members Club, an online community designed to give users more profitable trading opportunities. AI Members Club will provide users with access to public and private sales for promising crypto projects, which are often highly lucrative investment opportunities.

AI Members Club will also host online trading tournaments where massive crypto rewards are paid out to winners. As well as this, ASI token holders can stake their new crypto asset directly on the AltSignals platform and start earning a passive income.

Could ASI reach $5 in 2025?

AltSignals has the potential to become a significant AI-based blockchain protocol. It offers a novel solution to navigating market volatility that could appeal to many users over time.

Some experts are forecasting significant investment returns from the ASI token presale. The price of ASI will rise from $0.012 to $0.02274 during the event before it goes live on exchanges at the $0.02274 price level. By 2025, the new crypto asset could possibly be worth more than $5 – a staggering 200x price rise from the end of the presale.

AltSignals vs. Polkadot price prediction: Which is the better investment opportunity?

As a brand-new crypto asset, AltSignals is expected to produce a higher percentage return when compared with the Polkadot price prediction. While DOT investors are still likely to see significant returns, ASI is a fascinating investment opportunity for a key reason.

AI protocols in crypto are generating an increasing level of hyperbole, and many experts are suggesting that it could be the next subdomain of Web3 to take off truly. AltSignals could spearhead this progress over the coming years, which makes the new crypto asset presale a promising investment opportunity.

You can participate in the ASI crypto presale here.

The post Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot? appeared first on CoinJournal.

Veröffentlicht am

Space and Time partners Microsoft to bring real-time blockchain data to Azure

  • Space and Time and Microsoft want to make it easy for Azure customers to integrate blockchain data into business processes.
  • The one-click deployment will help enterprises bridge blockchain, data assets and AI, the two companies said in a press release.
  • Microsoft invested in Space and Time’s $20 million investment round last September.

Web3 data warehouse Space and Time and tech giant Microsoft are collaborating to make it easy for developers to access blockchain data on the Microsoft Azure Marketplace.

The companies said in a press release on Wednesday that developers can now access Space and Time’s one-click deployment directly from the Azure marketplace, with projects leveraging the technology to access, manage and perform analytics on their blockchain-native data easily and securely.

With this integration, businesses can effortless leverage decentralised data warehouse technology without having to rearchitect existing infrastructure. In this way, enterprises can create use cases on the blockchain without losing their compute power or security.

As CoinJournal reported, Microsoft recently launched its Azure Blockchain Tokens platform to help businesses easily create their own blockchain tokens.

Access to verifiable data should be easy and secure

Making the one-click deployment possible on the Azure Marketplace offers developers the opportunity to accelerate the onboarding of enterprise data to the blockchain, the two companies announced.

This will include large volumes of smart contracts and indexed blockchain data, with enterprises able to bridge data assets, the blockchain and AI.

 “The need for verifiable data across blockchains, enterprises and AI has never been more important. We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards,” Nate Holiday, the CEO & co-founder of Space and Time, commented.

Space and Time’s latest collaboration with Microsoft follows the computing and AI behemoth’s investment in the data warehouse platform in September 2022. The $20 million investment round Space and Time secured was led by M12, Microsoft’s venture capital fund.

The post Space and Time partners Microsoft to bring real-time blockchain data to Azure appeared first on CoinJournal.

Veröffentlicht am

Ethereum price prediction as longs liquidations jump

  • Ethereum price dropped violently on Wednesday as cryptocurrencies pulled back.

  • Bullish liquidations jumped to the highest point since March 9.

Ethereum (ETH) price nosedived suddenly as more investors liquidated their positions. The coin pulled back to a low of $1,976, the lowest level since Monday this week. It has dropped by more than 8% from the highest point this week.

ETH bullish liquidations rise

Ethereum joined other cryptocurrencies in a major sell-off on Monday. Bitcoin moved below $30,000 for the second time this week. In the same period, popular coins like Arbitrum, Space ID, Kaspa, and Verasity also pulled back. 

It is not clear why Ethereum and other cryptocurrencies crashed on Wednesday. A likely reason is that the number of bullish liquidations jumped to the highest level in months. According to CoinGlass, the amount of bullish liquidations jumped to over $41.1 million. In contrast, shorts liquidations were over $1.2 million

These numbers were significantly higher than on Wednesday when bulls liquidations were just $9.6 million. Shorts liquidations were $16 million.

In most periods, cryptocurrencies jump when short-sellers start liquidating their coins and vice versa. For example, Ethereum price soared on April 14 when shorts liquidations jumped to more than $62.8 million.

Ethereum’s decline also coincided with outflows from several centralized exchanges. Binance has had over $18 million of outflows in the past 24 hours. Similarly, Bitfinex, Huobi, and Bybit lost over $20 million each.

Meanwhile, Ethereum price also reacted to the latest questioning of Gary Gensler on Tuesday. In congressional testimony, he repeatedly refused to answer whether he believes that Ethereum is now a financial security.

In a previous interview, Gensler said that he believes that Ethereum and other proof-of-stake coins are securities. His main concern is the opaqueness of staking, which he believes should be regulated to protect customers. On Monday, the SEC identified five coins, including Algorand, that it believes are securities.

Ethereum price prediction

The daily chart shows that the ETH price has been bullish in the past few months. It jumped to a high of $2,120, the highest point in months. A closer look shows that it formed a dark cloud cover pattern, which explains why it has dropped sharply. It also dropped below the first resistance of the Woodie pivot point.

Ethereum remains above the 50-day and 25-day moving averages. Therefore, there is a likelihood that the coin will have a bullish breakout in the coming weeks a buyers target the second resistance at $2,200.

How to buy Ethereum

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 ETH 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 ETH with Bitstamp today

The post Ethereum price prediction as longs liquidations jump appeared first on CoinJournal.

Veröffentlicht am

UK could roll out crypto regulation within a year, says senior minister

Key takeaways

  • Andrew Griffith has estimated that the UK could roll out its crypto regulation within a year.

  • He pointed out that the UK is working hard to become a crypto hub, promoting innovation while ensuring progressive regulation.

  • Coinbase’s CEO recently revealed that the crypto exchange could relocate from the US due to regulatory uncertainties.

UK’s crypto regulation could be out soon

Andrew Griffith, the economic secretary to the U.K. Treasury, told CNBC in an interview earlier this week that the United Kingdom could roll out digital asset regulation within 12 months. 

According to Griffith, the UK wants to take advantage of the benefits that blockchain technology can bring to the private sector and the economy. The senior minister added that the long-term vision is to enable firms to make the most of the opportunities from crypto assets while ensuring sound regulation. 

He pointed out that the UK government is well-positioned to regulate the crypto ecosystem in a proportionate manner. The UK’s exit from the European Union allows it to look at crypto regulation independently of the broader Europe. He said;

“I think over the next 12 or so months is the window. We’ve got this great asset in the U.K., we’ve got control back of a rule book — not something the U.K. has had for decades — so we’ve got the ability to move in an agile and proportionate way.”

The senior minister added that the United Kingdom is currently in a growth mindset as seeks to maximise the economic efforts led by tech innovation in the private sector.

Crypto regulatory framework to consist of new and existing rules

According to Griffith, the cryptocurrency regulatory framework would be a combination of existing financial asset laws and new crypto-specific rules. He stated that;

“Wherever possible, we want to see the same asset regulated in the same way, but there are some additional opportunities in the crypto asset or distributed ledger space, and we want to take advantage of that.”

He revealed that the regulation of stablecoins is included in the financial services bill, and it is coming even sooner than the broader crypto regulatory framework. 

When asked about the UK’s efforts regarding a central bank digital currency (CBDC), Griffith said it would take time before it is launched. He said

“If you’re going to have a sovereign digital currency, you’ve got to have the highest level of resilience and infrastructure, so that’s not going to happen overnight.”

This latest cryptocurrency news doesn’t come as a surprise, as the UK is one of the leading global financial hubs. 

Earlier this week, Coinbase’s CEO Brian Armstrong spoke at the Fintech Week in London, revealing that the crypto exchange could relocate from the United States due to regulatory uncertainties. 

The post UK could roll out crypto regulation within a year, says senior minister appeared first on CoinJournal.

Veröffentlicht am

Ethereum price forecast after breaking above $2,000

  • Ethereum regained the $2,000 level
  • The market has rallied in 2023 after bouncing from support seen in the $1,200 area
  • Despite breaking the lower highs series, a pullback might be in the cards

The bullish momentum in the cryptocurrency market that started in 2023 continued in the second quarter of the year. Ethereum is one of the main beneficiaries, as it recovered the $2,000 level. 

Ethereum’s price almost doubled from the 2022 lows. Then, back in the last days of 2022, Ethereum traded at $1,200, a level that proved to offer strong support. No one hoped for such a rapid rise, but in trading, especially in crypto trading, things can turn around quickly. 

Now that Ethereum trades above the $2,000 level, the big question is – what happens next? The close above $2,000 is significant from a bullish momentum perspective. However, if not sustained by further gains, we might see a pullback in the short to medium term. 

Ethereum chart by TradingView

Why did cryptocurrencies rally? 

It has to do with the weaker US dollar performance over the same period. Sure enough, the dollar topped a bit earlier, in October of last year, whereas the cryptocurrencies continued declining and bottomed a couple of months later. 

But they did catch up with the dollar’s move. As a comparison, back in October 2022, the EUR/USD traded well below parity, around 0.96. However, it closed the year way higher, around 1.06. 

In the meantime, the EUR/USD rally faded, but it was the cryptocurrency market’s turn to rally. Therefore, one might say that the two are connected, and the key to the rally was the weak US dollar. 

Yesterday, Fed’s Bullard said that it favors more rate hikes. If that is the case, the dollar might strengthen in the short and medium term, meaning a lower EUR/USD. Following the same logic as above, cryptocurrencies might give up some of their 2023 gains. 

Therefore, Ethereum may give up the $2,000 level. If that is the case, buyers are expected in the $1,600 area. 

The post Ethereum price forecast after breaking above $2,000 appeared first on CoinJournal.