Schlagwort: crypto market

• Maker’s MKR price has staged a strong recovery in the past few days.

• Spark Protocol is seeing strong inflows because of its higher rates.

Maker (MKR) crypto price jumped on Thursday as investors cheered the rising demand for the Dai stablecoin. The coin jumped to a high of $1,100, which was much higher than last Friday’s low of $978. Its recovery also coincided with the strong comeback of tech stocks following Nvidia’s earnings.

Dai demand jumps

MakerDAO is one of the biggest players in the blockchain industry. Data compiled by DeFi Llama lists its total value locked (TVL) at over $5.12 billion, making it the third DeFi player after Lido DAO and AAVE.

MakerDAO is known for the Dai stablecoin, the 12th-biggest cryptocurrency and the third-biggest stablecoin in the world.  Dai’s market cap has jumped by more than $1 billion in the past few weeks, giving support to MKR’s token.

Dai is thriving thanks to Spark Protocol, a rival to AAVE that was launched by MakerDAO a few months ago. Spark is a DeFi protocol that makes it possible for people to earn returns by simply depositing cryptocurrencies like ETH and Dai.

Spark also allows people to borrow Dai against their collateral and swap other coins without slippage. Data shows that depositors are earning a return of as much as 8%. Like AAVE, it generates these funds by lending in the platform. Spark has grown so much such that its total value locked has jumped to over $578 million.

MakerDAO and other DeFi protocols are facing the challenge of high-interest rates since money market funds are now generating a higher rate, thanks to the relatively higher interest rates by the Federal Reserve. Some funds are returning as high as 6%.

Maker price forecast

The 4H chart shows that the MKR price dropped sharply last week as cryptocurrencies plunged. It dropped to the important support level at $978. The coin still remains below the 50-day moving average and is slightly below the 50% Fibonacci Retracement level.

Therefore, there is a likelihood that the MKR price will likely continue rising as buyers target the key resistance level at $1,150. A drop below the support at $1,050 will invalidate the bullish view.

How to buy Maker

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Key takeaways

• The broader crypto market rallied over the last 24 hours, but Shiba Inu continues to underperform.

• Shiba Memu’s stage two presale has now topped the $2.2 million mark.

The cryptocurrency market experienced a price cash last week that saw Bitcoin drop to the sub $25k level. Since then, the market has been underperforming.

However, the market slightly recovered yesterday, with Bitcoin currently trading just around $26,500 per coin. Despite the market’s bearish trend, Shiba Memu’s presale continues to progress excellently. 

Shiba Inu stays around $0.000008

SHIB, the native token of the Shiba Inu ecosystem, has been one of the worst performers so far this week. While the crypto market rallied on Wednesday, SHIB continued its downward trend.

SHIB has lost less than 1% of its value in the last 24 hours and is currently trading at $0.00000827 per coin. The bearish trend came following Shiba Inu’s botched launch of Shibarium last week. 

The team said they would be reopening the Shibarium network to the public soon. If that happens and there are no issues, SHIB could rally higher and reach the $0.000009 level in the near term. 

What is Shiba Memu?

Shiba Memu is a cryptocurrency project that is currently in its presale stage. The project wants to combine the powers of AI and blockchain technology to positively impact the marketing industry. 

With Shiba Memu, it would become easier for people and organisations to create content and roll out marketing campaigns. 

According to their whitepaper, Shiba Memu would be designed to handle the tasks of several marketing agencies. Shiba Memu will always be active and will be available to consume content and generate better content marketing strategies and campaigns for companies. 

Shiba Memu is launching as a meme token thanks to the recent surge in the status of meme projects. Within the space of two years, the market cap of meme coins grew from practically $0 in 2020 to $20 billion in 2022. 

What makes Shiba Memu different from other meme projects is that it has a real-world utility. Shiba Memu can be considered a self-sufficient marketing tool powered by AI technology.

Shiba Memu’s stage two presale hits $2.2M

The recent market turbulence didn’t affect Shiba Memu as its stage two presale continues to hit new highs. The presale has been around for nearly two months now, and the team has raised more than $2.2 million in the second stage. 

With more than 70 million tokens sold, the second presale stage could be concluded in the coming days. The team intends to use the funds generated from the presale to develop some of its products and services. 

Most of the funds would be pushed towards developing the Shiba Memu AI technology. Shiba Memu will use AI technology to provide exciting marketing services to its users. 

Shiba Memu users will also be able to interact with the AI, provide feedback, make suggestions, and ask questions. Hence making it an exciting AI-powered marketing platform. 

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

Shiba Memu is still in its presale stage, and we can’t accurately predict its price movement in the short term. At the moment, 1 SHMU = 0.022375 USDT.

According to the team, SHMU’s price increases every day at 6 pm GMT. In a few hours, the token will go for 0.022600 USDT. The token began trading at $0.011125 when the presale began and will trade at $0.0244 when the presale ends. Investors can purchase SHMU tokens using Ethereum, USDT, BNB and BUSD

Should you buy Shiba Memu now?

Investing in a project during its presale is usually the best decision as it allows you to get into projects earlier than other investors. The ROI generated during that period usually exceeds what other investors make. 

Shiba Memu is an exciting project that will use AI technology and blockchain. If the project gains the necessary adoption, SHMU’s price could rally higher over the next few months and years. 

The performance of the broader cryptocurrency market could also determine SHMU’s price. A bullish run in the medium term could see SHMU’s price soar higher. 

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• Chancer introduces blockchain-based betting based on the P2P model

• Chancer could benefit from a strong and growing betting market, valued at 81B in 2022

• The price potential for Chancer is huge and could surpass 1,000% in 2024 and beyond

Have you ever thought of how much potential blockchain-based betting has? Well, the traditional global sports betting market alone was valued at $81.03 billion in 2022. The sector growth is estimated at 9.50% up to 2030. This projection has inspired blockchain-based betting, with Chancer being its firstcomer. Essentially, blockchain is one of the most rapidly growing sectors. Chancer has the potential to beat the growth rate in traditional betting under its novel model.

Chancer’s presale and what it means for investors

Ahead of the launch of its decentralised betting platform, Chancer is welcoming investors. The project launched a presale of the token, $CHANCER, which has seen huge demand. Over $1.65 million has been raised in two months as investors bet big on blockchain betting. 

Investors see the Chancer token as an opportunity for 2023 and beyond. CHANCER will be used to transfer value through the betting platform. Should Chancer become mainstream in betting, the demand and use of the token will increase. This could see the token skyrocket in value and generate sustainable gains in the long term.

Chancer also carries a rare opportunity for creators. Users can create and customise their own betting games and be rewarded. The attribute embodies a peer-to-peer model, where users build Chancer markets on predictive events. This gives Chancer more than a betting use case and makes the platform attractive to investors. Besides, the token can be staked for investors to earn passive income.

How does Chancer work?

Chancer functions as a P2P model, where users relate directly to each other. In P2P betting, users come up with betting events and invite others (peers) to bet for and against them. Users can create a Chancer market for any event, expanding the scope of betting. For example, you can bet about an upcoming marathon, election, or even weather conditions.

Next, users set rules for their betting market. They also decide on the odds of successful winning in the betting event. The flexibility means users are open to what they can do, overcoming restrictions in traditional betting. 

Based on the outcomes of the betting event, users can claim winnings using the Chancer token. The P2P relationship is secured via a decentralised Chancer ecosystem. The system guarantees transparency and trust for bettors and investors.

Besides, Chancer features live streaming using Google-powered WebRTC capabilities. The features allow the community to engage, communicate, and watch live gameplay activities.

Chancer prediction and market potential

It might be too early to judge about the future potential of Chancer. However, being the world’s first blockchain betting platform, the potential is huge. The platform changes how betting is done and gives investors more value and income opportunities. That makes Chancer an attractive investment now and in the future. 

Predicting the Chancer token, sustainable gains could be realised in 2024. Analysts have predicted up to 1,000% increase in price. In the future, the value could rise by bigger margins as the Chancer platform witnesses organic use. 

The price of Chancer could be a bit volatile in 2023 due to high speculation. The volatility allows early investors to cash in on strong price moves when the token is listed in Q3 2023. A price increase of up to three-digit percentages should be considered realistic in 2023. 

Should you invest in Chancer this week?

Chancer’s presale has happened fast, and the listing is drawing closer. Investors that buy the token on presale are more advantaged as they can ride the price momentum after listing. As such, the presale presents an opportunity for investors looking to maximise returns. Investors can buy the token via ETH, USDT, BNB, and BUSD.

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• The crypto fear and greed index haas dropped to the fear zone of 34.

• Chancer network has raised over $1.66 million in a token sale.

The crypto fear and greed index moved to the fear zone of 34 this week as Bitcoin and other cryptocurrencies plunged. Bitcoin moved below $26,000 as it experienced its worst week of the year. Other cryptocurrencies like Ethereum, Cardano, and Oasis Network also slipped, bringing the total market cap to $1.02 trillion.

Fear and greed index slipped

The fear and greed index is one of the most prominent sentiment gauges in the financial market. The initial index was created by CNN Money to provide sentiment in the stock and bond market. It looks at important gauges like the CBOE VIX index, put and call options, and stock price breadth among others.

The crypto fear and greed index, on the other hand, looks at several important measures in the industry. Some of the most important things it looks at are social media activity, volatility, momentum, and dominance.

In most periods, the crypto fear and greed index usually rises when Bitcoin and other cryptocurrencies are rising. It then retreats sharply when Bitcoin and Co are falling. For example, the index remained at the neutral level of 50 when BTC remained at the consolidation phase of $29,000.

Some analysts believe that cryptocurrencies will bounce back in the coming weeks. They cite the fact most big Bitcoin holders, popularly known as whales, have continued holding their positions and have not sold during the recent sell-off. 

In a Twitter post, the head of Pantera Capital argued that Bitcoin has stayed in depressed levels for so long. He now expects that BTC will jump to $35,000 in the near term and then surge to $150k by the next halving event.

#Bitcoin recently experienced the longest period of negative year-over-year returns in its history, lasting 15 months.

The longest period prior was just under a year.

Our view is that we’ve seen enough – there’s just so long markets can be down.

More: https://t.co/REfxkTp9CJ pic.twitter.com/UCEMMcznAM

— Dan Morehead (@dan_pantera) August 23, 2023

Chancer token sale gains steam

Another sign that there is interest in cryptocurrencies is the rising demand for token sales. Chancer, is a new company seeking to disrupt the fast-growing and highly popular industries. The company has raised over $1.65 million from investors in the past few weeks. You can buy the Chancer token here.

Chancer is aiming to become the biggest player in the sports betting and prediction industry. This is a large industry that was estimated worth over $91 billion in 2023. In a report, FMI estimated that the industry will have a compounded annual growth rate (CAGR) of 10% by 2030 to over $245 billion.

Today, the sports betting industry is dominated by highly centralized companies like FanDuel, DraftKings, BetMGM, and Caesars. Internationally, some of the best-known brands are companies like Bwin, Bet365, and William Hill among others.

While these companies work well, there is always room for disruption, especially using the blockchain technology. This is the gap that Chancer is aiming to fill using blockchain technology.

Instead of users being just customers, they will own the ecosystem since the network will use a decentralized autonomous organization (DAO) model. To achieve this, Chancer will be powered by the $CHANCER token. Holders will have important privileges like making decisions in the ecosystem.

Further, $CHANCER holders will have a chance to make money by creating markets and livestreaming them. Some analysts believe that the network could be a game changer if it works. You can read the Chancer white paper here.

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• Shiba Memu presale has raised over $2.2 million

• Increasing risk-off sentiment is hurting the rest of the sector

• Shiba Memu could return by up to 1,000%

The past week has been a bloody period for cryptocurrencies. A more than 10% loss takes Bitcoin to slightly above $26,000, while Ethereum is back to below $1,700. The losses reflect an increasing risk-off mood, with the US dollar gaining strengths. But does that mean investors are giving up on the sector? Shiba Memu (SHMU), an upcoming meme cryptocurrency, has witnessed high demand. With over $2.2 million raised, the presale illustrates interest in high-potential crypto projects.

Risk-off sentiment and what it means for crypto

Appetite for high-risk appetite has cooled off lately, thanks to sector concerns and macro developments. Sector risks have been underlined by falling Bitcoin volume on exchanges. This follows reports that Elon Musk’s SpaceX has sold its Bitcoin holdings.

Meanwhile, the US dollar, which has an inverse relationship with Bitcoin, has been gaining. The most notable contributor is expectations that the Fed will hold its hawkish monetary policy. Ahead of this week’s annual Jackson Hole meeting, analysts have been sounding higher rates.

The expectations of hawkish policy reflect elevated inflation rates. Although the July consumer price index eased to 3.2%, it remains outside the band Fed considers appropriate. The US central bank has a 2% inflation target, with July readings above it. As such, the projection of a hawkish stance has spooked crypto markets ahead of the meeting. 

Shiba Memu defies the risk-off mood

Shiba Memu is a new crypto project that aims to be self-sustainable in the meme space. This has attracted demand as the native token, SHMU, carries a use case that outwits its meme peers. In particular, investors may be attracted to Shiba Memu’s AI angle. The project utilises AI capabilities such as machine learning and predictive analytics to self-market itself. 

Shiba Memu can also engage with its users through an AI-led application. A robotistic dashboard lets users ask the robot questions, give feedback, and provide suggestions. The use cases are expected to make Shiba Memu a unique user-led platform. In the future, there is no limit on what Shiba Memu can achieve with its AI application.

As investors shun risky holdings like Bitcoin, they could shift attention to Shiba Memu. A project of its nature is yet to unlock value, explaining the high demand. SHMU doesn’t rank on the same risk profile as the greenback. However, it gives investors an excellent alternative to mainstream assets. This could explain the fast-selling presale.

Shiba Memu carries a meme vibe

Whenever meme cryptocurrencies are mentioned, eyebrows are raised. They are assets that have shown huge promise to deliver up to 10 times due on pure online chatter. Shiba Memu is a meme cryptocurrency and reawakens similar thoughts. Investors expect huge gains once the value of this token is unlocked after listing on exchanges.

The meme vibe is also brought out in Shiba Memu’s price dynamics. The price of the cryptocurrency increases every day at 6 PM GMT.

For example, the price of the token is $0.022150. That compares to a price of $0.011125 when the presale was launched. The presale ends after eight weeks at a SHMU price of $0.0244. It means investors that bought the token at the initial stage will see the value of their holding double. The trend gives investors a meme vibe as these tokens are known to be always on the move.

Should you invest in Shiba Memu now?

Obviously, Shiba Memu’s presale is near its conclusion. Investors that missed a chance to buy at the initial stages can still do so now as the price is low. The value of SHMU could increase exponentially after listing. It means investing now allows investors to benefit from potential price increases.

Predictably, Shiba Memu could return up to 1,000% once listed. Highly subscribed projects have risen by more than the prediction. This gives Shiba Memu a realistic chance to rise by similar margins.

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