Schlagwort: crypto business

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Crypto News Today: Web3 Arcade Metacade Presale Brings in a Whopping $9.6m in 15 Weeks

Metacade’s crypto presale has been a major success, and the project is only just starting. Today’s crypto news takes a deeper look into this promising GameFi platform and analyzes just how far a crypto investment in Metacade (MCADE) could go.

Crypto news today: Could the Metacade crypto presale be the best crypto investment of the year?

The biggest news story in the crypto sphere currently involves Metacade – a brand-new GameFi platform generating loads of hype among the blockchain community. Metacade’s crypto presale has attracted $9.6m of crypto investment quickly because it is arguably destined to be one of the most comprehensive platforms in blockchain gaming.

Today’s crypto news highlights that every single prior fundraising round for Metacade has completely sold out. This has meant that the price of MCADE has risen from $0.008 to $0.017 since the initial beta phase.

Metacade is releasing 70% of its total token supply during the crypto presale, allowing the community extensive opportunities to get involved before the end of the event. With such a high level of crypto investment already pouring into MCADE, the token is now preparing for significant long-term price action.

Can MCADE reach $5 in 2025?

Today’s experts analyzing crypto news suggest that MCADE could explode in 2023 and beyond. The MCADE crypto presale is a sign of more to come, with the project consistently attracting significant investment.

Thanks to the crypto presale, MCADE’s exposure is set for a dramatic rise as it enters digital asset exchanges. As such, experts have speculated that by the end of 2023, MCADE could reach $1 per token in value due to this surge in investment opportunities. 

The Metacade platform will go live in 2023, and the project’s vast offering will be completed in 2024. By introducing a ground-breaking selection of crypto-earning mechanics and extensive benefits for the community, Metacade expects to attract a considerable number of users during this time.

In 2024 and 2025, Metacade could experience major success. The next bull market could see MCADE attract enormous levels of crypto investment, pushing the price of the MCADE token up to $7 due to the project’s deflationary tokenomics. This would be an incredible 350x gain from the end of the crypto presale – a rise to rival the other most successful GameFi projects in Web3.

What is Metacade?

Metacade is the biggest blockchain arcade. This means that it offers the most extensive collection of play-to-earn (P2E) games found anywhere on the blockchain, with every title offering integrated financial rewards for players.

On top of this, Metacade will become a central hub for all Web3 users. It will display the latest trends in blockchain gaming and connect its community in new and exciting ways.

Metacade also offers vast earning potential for users beyond the metaverse arcade. This will include Play2Earn, Compete2Earn, Create2Earn, and Work2Earn, as Metacade delivers an all-encompassing GameFi solution using blockchain technology.

How does MCADE work?

The metaverse arcade will offer casual and competitive gameplay, as users can play solo or go head-to-head in ranked events. Paid entry tournaments will offer major crypto prize pools for the winners, as competitive gamers can test their skills for ultimate glory.

The Web3 community hub will display crypto news today and the best new blockchain games in the space. It will also reward content creators through the Create2Earn feature, delivering financial incentives to users as they post game reviews, share alpha, and interact with other community members.

Metacade’s Work2Earn feature will connect new jobs for crypto enthusiasts, enabling anyone to kickstart their career in blockchain. Work2Earn will include gig work, freelance roles, and full-time positions at some of Web3’s hottest companies – a massively valuable offering unmatched by any other GameFi platform.

MCADE is taking blockchain gaming to the next level

The crypto news today that reported Metacade has attracted $9.6m in 15 weeks comes as no surprise. Metacade is a true game changer and will fund the next wave of game development directly.

The Metagrants program will provide early-stage investment to game developers as they build new P2E games for blockchain users to enjoy. It will involve a voting process, where the Metacade community decides which new titles are best, meaning that the most in-demand P2E titles can be brought into the metaverse arcade for the community.

Is MCADE worth buying?

The MCADE crypto presale could be the most lucrative opportunity of the year. With vast earning potential embedded into the platform and a sky-high price prediction due to the crypto news today, Metacade looks like a no-brainer addition to crypto investment portfolios. We can only expect the hype to increase with the presale entering the final stages in March. 

Metacade is a prime example of a strong crypto investment during fluctuating market conditions, as its long-term potential from the end of the crypto presale is massive. 

You can participate in the Metacade presale here.

The post Crypto News Today: Web3 Arcade Metacade Presale Brings in a Whopping $9.6m in 15 Weeks appeared first on CoinJournal.

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XRP price prediction: XRP bulls wake up as Ripple vs. SEC decision edges closer

  • XRP price rose to $0.40 on growing bullish sentiment around the cryptocurrency.
  • On Wednesday, bulls took advantage of positive news in the Ripple Labs vs. SEC case to retest a key price zone.
  • The price prediction for XRP also looks at the prevailing technical picture. 

XRP, the cryptocurrency at the center of the Ripple Labs versus the US Securities and Exchange Commission (SEC) court battle, has traded higher over the past few days amid growing positivity among investors.

Silvergate’s liquidation news has seen XRP price retreat below the round figure of 40 cents. However, bulls appear to be in charge and are holding to the main support base with the price 2.9% up over the past week.

XRP price short term outlook: All eyes on SEC vs. Ripple 

As noted above, the XRP cryptocurrency has pared some of the gains with sideways trading on Thursday as the broader market slipped on negative Silvergate news. Despite this, bullish sentiment around XRP/USD remains high.

Indeed, bulls are likely to target fresh gains that could see XRP retest resistance at highs of $0.40 reached on Wednesday. 

This particular upside momentum had a lot to do with yesterday’s ruling by a US judge, who handed Ripple Labs a crucial boost by striking off one of SEC’s expert witnesses. Experts believe the ruling has dealt a “fatal” blow to SEC’s quest for a summary judgement.

The SEC’s lawsuit against Ripple goes back to December 2020 and the latest development has an increasingly optimistic market rooting for a belated upsurge in XRP price following what’s largely been a downtrend.

XRP price prediction: Whale activity 

Whale activity over the past few days has added to the sentiment, with on-chain data showing massive buying for the cryptocurrency. 

Coins have moved from exchanges this week, with Whale Alert highlighting one such transaction that saw over $10 million in XRP transferred from the Bitso crypto exchange.

XRP price prediction: What is the technical picture?

The price of XRP has broken above a key downtrend line on the daily chart, and is hovering above the 50-day moving average. As can be seen on the chart below, XRP/USD did break above its 200-day average to suggest bulls were having an upper hand. 

XRP price daily chart showing potential support and resistance areas. Source: TradingViewAlthough price is back below the 200-day MA, the upside reversal is likely to continue given the Relative Strength Index (RSI) is above 50 and rising.

If bulls break the resistance around $0.40 with conviction, increased buying could catapult XRP to the previous support zone around $0.45. The next target lies around the November 2022 supply zone at $0.50.

A breakdown in the short term could however include a retest of support at $0.33, which forms part of the key trendline since June 2022.

The post XRP price prediction: XRP bulls wake up as Ripple vs. SEC decision edges closer appeared first on CoinJournal.

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Silvergate shares tumble after company says it’s shutting down crypto bank

  • Silvergate shares fell sharply after news the crypto-friendly bank would be winding down operations.
  • The company says it will issue full repayments of all customer deposits.
  • Silvergate has been in trouble since late 2022 following the collapse of crypto exchange FTX.

Silvergate Capital shares have plummeted nearly 50% after the company announced it would be winding down its crypto bank.

The company’s stock had closed in the red on Wednesday, falling by more than 30% shortly after the news as investors reacted to the news. As of 7:50 am ET on Thursday, shares of the troubled crypto-friendly bank were 48.8% down ahead of markets open. 

Crypto prices also fell as the news added to the negative sentiment across the market.

Silvergate to wind down crypto bank

In a press announcement published late Wednesday, Silvergate said it would be shutting down the Silvergate Bank and liquidating its assets.

“In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets,” the firm wrote.

Silvergate Bank had increasingly hit troubled waters following the collapse of its main customer FTX last November.

The company revealed a $1 billion loss earlier this year, and a significant decline in customer numbers. In recent weeks, the crypto bank has found itself at the center of investigations from US regulators amid mounting financial challenges.

Silvergate’s exit from the crypto scent leaves Signature Bank, a New York-based banking providers with over $114 billion in assets as the main crypto-friendly bank.

The post Silvergate shares tumble after company says it’s shutting down crypto bank appeared first on CoinJournal.

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BIT price recoils as BitDAO prepares for a $95M token unlock

BIT price continued its bearish run on Thursday as focus shifted to the upcoming token unlock. BitDAO’s coin retreated to a low of $0.5073, which was about 21% below the highest level this year. It has also pulled back as the enthusiasm of Mantle’s launch fades.

BitDAO token unlock

One of the biggest cryptocurrency news will be the upcoming token unlocks in the ecosystem. Data compiled by TokenUnlocks shows that there will be tokens worth $95 million that will be unlocked in the next five days. This is an important development considering that token unlocks tend to be bearish for a cryptocurrency. 

The idea behind this is simple since when you increase the amount of tokens in circulation, you tend to dilute existing holders. This dilution is so severe such that dYdX decided to postpone a major unlock event that would have put pressure on the token.

Data shows that the number of BIT tokens that are still locked is falling. 31% of all tokens or 7 1.52 billion are still locked while 7 billion of them are unlocked. According to its schedule, the current batch of tokens will finish being unlocked in September 2024.

For starters, BitDAO is a decentralized platform that makes it possible for people to build dApps. It is a decentralized autonomous organization (DAO) that has over $2.4 billion in assets. It then uses these assets to provide funding to promising developers.

Most of these funds are in the form of BitDAO followed by Ethereum, USD Coin, and Tether. A small amount of the funds are in FTX Token (FTT). 

BIT price has also declined as the hype surrounding Mantle wanes. Mantle is a new layer-2 network that was launched last month. It has similar features to other layer-2 networks like Polygon, Arbitrum, and Optimism.

BIT price prediction

The 4H chart shows that the BIT price has been in a strong bearish trend in the past few weeks. It has crashed below the lower side of the ascending channel shown in black. At the same time, the pair has dropped below the 50-day and 25-day moving averages. The MACD remains below the neutral level. 

Therefore, BitDAO price will likely continue falling as sellers target the next key support level at $0.45. A move above the resistance at $0.5280 will invalidate the bearish view.

How to invest in BitDAO

As BIT is such a new asset, it’s yet to be listed on major exchanges. You can still purchase BIT using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy BIT right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for BIT

Now that you’re connected, you’ll be able to swap for 100s of coins including BIT.

The post BIT price recoils as BitDAO prepares for a $95M token unlock appeared first on CoinJournal.

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Animoca Brands and Planet Hollywood announce members-only NFT club in LA

  • The new NFT club will be called Club 3.
  • The club will be launched by Animoca Brands in collaboration with Planet Hollywood Group and Meta Hollywood.
  • Club 3 will join the league of exclusive clubs like the famous Bored Ape Yacht Club.

Hong Kong-based Digital entertainment firm Animoca Brands has announced plans for a new members-only NFT club in Los Angele in partnership with Planet Hollywood Group through a joint venture with Meta Hollywood. The move thrusts the longtime Las Vegas digital firm into Web3.

The new exclusive NFT club will be called CLUB 3 and members will hold CLUB 3 NFTs.

Exclusive NFT clubs

It is important to point out that exclusive clubs are now new to the cryptocurrency industry.

Yuga Labs, which recently launched its inaugural Bitcoin NFT auction, leads the space with the Bored Ape Yacht Club (BAYC) which was launched in April 2021 and has since become one of the most popular exclusive clubs in crypto.

CLUB 3 aims at replicating BAYC’s success in Hollywood and bridging the gap between real-world and virtual club memberships.

CLUB 3 membership

At the centre of the new CLUB 3 venture is ClubID, a new identity, Hollywood membership, and commerce platform scheduled to launch in beta in 2023. ClubID platform members will have access to amenities like community chat based on the membership type.

ClubID platform members and collectors will be required to mint a Club3 NFT to access the four tiers (Founding, Social, Global, and Corporate Memberships) of CLUB 3 membership. The one-time membership fee for a Founding membership is $7,500 and that of a social membership is $2,500.

According to the team behind the venture, CLUB 3 will also integrate web3 mechanics including community voting on promotions, perks and seasonal menus just in the case of a blockchain DAO.

Actual location of CLUB 3

Although Meta Hollywood has not revealed the details of the actual location of CLUB 3, it is confirmed that CLUB 3 will open at the iconic Sunset Boulevard later this year. The club will consist of a cocktail lounge, restaurant, karaoke rooms, bars, and meeting rooms.

After Hollywood, CLUB 3 intends to expand its reach around the globe with stations in New York, Miami, London, Hong Kong, Paris, and Tokyo.

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