Schlagwort: crypto market

A public spat between the old and new CEOs of FTX has recently hit the headlines, but investors have not lost confidence in the future of Web3. Metacade, a brand-new project, is helping the industry move away from the FTX collapse, with significant success already during the first half of its presale.

More FTX news in the wake of the FTX collapse

After the FTX collapse in November 2022, Sam Bankman-Fried has struggled to stay out of the headlines. The most recent FTX news involving Sam Bankman-Fried relates to the new CEO, John Ray, of the former second-largest digital asset exchange in Web3.

John Ray recently stated FTX’s intentions to restart operations. Sam Bankman-Fried responded negatively, suggesting that John Ray is just paying lip service and should return all users’ funds if he is serious about his intentions.

In response, John Ray called Sam Bankman-Fried’s comments “unhelpful.” It remains to be seen whether the recent FTX news will have a positive result for thousands of users that lost funds on the insolvent exchange. Either way, the FTX collapse continues to produce fallout for the rest of the crypto markets.

Yahoo recently reported that BlockFi had over $1.2 billion in digital assets tied up in FTX and Alameda during the FTX collapse. BlockFi is a crypto custodian and cryptocurrency lending protocol that recently went bankrupt due to the FTX collapse, citing overexposure to the exchange as a core reason behind its insolvency.

FTX news continues to make headlines due to the extensive collateral damage of the event. As the second biggest cryptocurrency exchange at the time of the FTX collapse, the platform had many billions of dollars worth of user funds tied up that suddenly and without warning became inaccessible.

What does the FTX news mean for new projects such as Metacade?

The FTX collapse hurt many Web3 projects, but Metacade has continued unaffected. In fact, Metacade continues to go from strength to strength as the MCADE token presale reaches its half-way point. 

Metacade has raised $7.6m in 14 weeks since the presale went live. This is a testament to the promising long-term potential of the new GameFi platform, which will become the biggest project of its kind that can be found anywhere on the blockchain.

There are fundamental differences between a project like Metacade and a project like FTX. FTX is designed to hold digital assets for its customers, while Metacade is a decentralized application designed to provide gamers with financial rewards.

Metacade uses blockchain technology to provide a secure and tokenized gaming experience. Certik recently audited the platform to ensure that all smart contracts on the platform deliver safely, which is in stark contrast to FTX, where customer funds were mismanaged by the now disgraced former CEO, Sam Bankman-Fried.

What is Metacade?

Metacade is the first community-driven arcade on the blockchain. It will offer the largest arcade games out of any existing project, with each title having integrated financial rewards through play-to-earn capabilities.

Metacade is set to revolutionize the Web3 world by becoming a user-centered social hub, with users who can unlock lucrative earning potential through innovative mechanics. With Metacade, play-to-earn opportunities have never been more promising. 

How does MCADE work?

The metaverse arcade offers a comprehensive GameFi experience. Users can play solo and earn cryptocurrency rewards while progressing through endless levels in Metacade’s range of arcade games or join paid entry tournaments to win major prizes paid in MCADE.

The Metacade social hub takes crypto earning up a notch and will reward users for their community contributions. Content creators can post game reviews, share the latest insights about the blockchain gaming space and interact with other users, while earning a crypto income.

The project also shares new crypto jobs for Web3 with users through the Work2Earn feature. This will connect users to paid job opportunities with Metacade’s partner projects, ranging from part-time to full-time positions. Work2Earn aims to help users kickstart a career in blockchain technology. 

Metacade is helping crypto to move past the FTX collapse

Innovations such as Metacade can help expand the use cases for blockchain. The project is helping to improve sentiment across the crypto markets due to its unique and valuable services.

Not only that, but Metacade is also a fully secure investment opportunity and can help to rebuild trust following the FTX collapse. Despite the constant stream of FTX news, positive projects such as Metacade continue to attract investment due to long-term investor confidence in blockchain and Web3.

Is MCADE worth buying?

The MCADE token presale could be the best investment opportunity since the FTX collapse. The project has significant long-term potential despite negative FTX news, as investors have not lost confidence in Metacade’s ability to deliver a comprehensive GameFi experience using blockchain technology.

The MCADE presale will see the price of the token rise from $0.008 to $0.02, so investors should be quick to buy MCADE at the best possible price. Without a doubt, Metacade is helping to move the industry beyond the recent FTX news and into a more positive space. As a result, MCADE continues to attract major attention for its unique capabilities.

You can participate in the Metacade presale here.

The post FTX News: New CEO Takes FTX Reins While Metacade Surges in Presale appeared first on CoinJournal.

The blockchain gaming space is proliferating, as more and more investors gravitate toward the possibilities on offer in the metaverse. The rich potential offered by expansive virtual worlds and integrated play-to-earn (P2E) earning mechanisms has created some of the best crypto opportunities found in the GameFi space. Metacade’s plans to become the biggest online arcade in the world are helping this brand-new platform become a potentially valuable gem.

Even as blockchain gaming grows, Metacade’s unique capabilities make the hub stand out from its competitors. Here’s why it’s proving such a hit with investors.

Metacade is a P2E gaming pioneer

Following the launch of Metacade’s MCADE token presale event recently, investors are becoming increasingly excited about the online arcade’s prospects in the next few years. The presale has raised $7.6m in just 14 weeks, with strong forward momentum.

The hype surrounding Metacade is clearly justified, thanks to its vast upcoming range of online arcade games, alongside rich earning possibilities for users who can collect passive income as they play. With the increasing adoption of blockchain games threatening to disrupt the gaming industry, projects like Metacade are ideally placed to improve the user experience.

The GameFi sector is expected to reach a $40 billion valuation by 2025, although most GameFi titles are offering a single gaming experience to their gamers. Metacade will raise expectations through this diverse range of games and its unique additional earning streams outside the traditional play-to-earn (P2E) mechanics.

Can MCADE reach $1 in 2023?

When the MCADE presale ends, the token will be launched across centralized and decentralized exchanges, and MCADE coins will be available to the general public. The release of a fixed number of tokens on exchanges is expected to provoke a surge in demand, which will likely result in a steep price rise.

As word-of-mouth travels, marking out Metacade as the place to hunt out the best P2E blockchain games and gameplay experience, MCADE is again likely to explode in value. Many analysts believe that $1 is an achievable aim for MCADE, a barrier that would mark 50X returns from the deal at the end of the presale.

What is Metacade?

Metacade is the world’s first online arcade that will offer a community-driven approach across a vast array of GameFi and P2E games, with features stretching beyond just gaming. As well as a bursting compendium of online arcade games with integrated P2E mechanics, the community and broader Web3 ecosystem stand to benefit in several ways.

Metacade’s plans to build a burgeoning online community of blockchain game enthusiasts and Web3 aficionados will be greatly helped by their Create2Earn scheme, which rewards users that post social content on the hub. Interactions could range from game reviews to sharing alpha, passing on gaming tips to participating in live chats, and threads on Reddit-style sub-forums. Each useful interaction reaps a reward.

How does MCADE work?

Metacade’s reach extends to appeal to both the casual and seasoned competitive gamer. Whether a player wants to take on friends in a head-to-head duel or enter tournaments to take on the world, climb leaderboards and gain rewards, Metacade’s hub is shaping up to be the ideal place to go.

The hub also aims to become a central point for the larger Web3 community, appealing to the hottest talent to find the most exciting job opportunities in the industry. From 2024, Metacade’s hub will incorporate a job board to connect community members with part-time and full-time blockchain game job opportunities. In addition, their Work2Earn feature will see the posting of gig work, freelance roles, and beta-testing roles within Metacade with crypto rewards on offer.

Metacade: A blockchain game innovator

Arguably the jewel in the Metacade crown is its innovative Metagrants initiative. Designed to promote the creation of new blockchain games exclusively for Metacade, developers can apply for early-stage funding to support the process of bringing the most exciting new titles to the platform.

Metacade’s community can choose which games are granted funding by voting for their favorites from a pool of ideas. Those that get the most votes go into production, with the benefit of funding to help the process along. These voting rights form part of Metacade’s gradual transition to becoming a fully-fledged DAO by the end of 2024 when all power will be devolved from the project team to the community.

MCADE: An excellent crypto to buy now for long-term gains

The MCADE presale event represents a fantastic opportunity for investors to make serious gains and be part of the growing GameFi revolution. After launching at just $0.008, the current value of MCADE is $0.0155. This value will eventually rise to $0.02 at the end of the presale before MCADE is listed on crypto exchanges.

Metacade’s rich project plan, excellent longevity, and pioneering attitude look set to make it a giant and true standard-bearer in P2E gaming. Investment in MCADE now could be a rare opportunity to make enormous gains as Metacade becomes the online arcade of choice for gamers and crypto fans worldwide.

You can participate in the Metacade presale here.

The post Metacade Poised to be the Biggest Online Arcade in the World With MCADE Tokens Selling Fast appeared first on CoinJournal.

• Stacks is a leading blockchain project that seeks to grow Bitcoin’s utility.

• STX price has surged hard after the successful launch of Ordinals.

• It has become extremely overbought signaling a pullback is imminent.

Stacks, a small but fast-growing blockchain project, has become one of the best-performing cryptocurrencies in March. STX, its token, has soared to a high of $0.9800, the highest point since May 2022. It has jumped in the past three straight weeks and by 372% from its lowest point this year.

The main reason for the recent Stacks price surge is the ongoing bets of Ordinals, a Bitcoin NFT platform. Its launch, which has been highly successful, has led many analysts to predict that Bitcoin use case will become more pronounced in the coming years.

For many years, Bitcoin has always had little utility, unlike other blockchains like Ethereum and Internet Computer. This happened simply because Bitcoin does not have smart contract features. As such, it is not possible to build on top of Bitcoin. 

Stacks is one of the biggest blockchains that seeks to provide more utility for Bitcoin. Its technology makes it possible for developers to build dApps in all industries, including DeFi and Non-Fungible Tokens (NFTs). 

Stacks uses the proof-of-transfer mechanism that connects it and Bitcoin. It also has other features that make Bitcoin more programmable and productive. So, how high can STX price jump?

Stacks price prediction

STX chart by TradingView

The daily chart shows that the STX price has been in a strong bullish trend in the past few months. It managed to cross the important resistance point at $0.5237, the highest point on August 8. 

It has jumped to the highest point since May last year and moved above the 50-day and 100-day moving averages while the Relative Strength Index (RSI) has moved to the extreme overbought level. The Stochastic Oscillator has also become extremely overbought. Stacks has also moved to the important resistance point at $1.

Therefore, it seems like STX has more bullish upside in the near term. However, with its price being extremely overbought, there is a possibility that a pullback will happen soon. If this happens, the coin will retreat to the next key support to watch will be at $0.5237, which is about 46% below the current level.

Such a retreat will be part of a break and retest pattern. In price action analysis, such a pattern is usually more bullish in the near term. 

The post Stacks price relentless bull run gains steam: is it still a buy? appeared first on CoinJournal.

Amp price bullish momentum continued on Thursday as the bullish momentum continued. It rose to a high of $0.0067, the highest point since September 11 last year. Like most crypto tokens, it has jumped by more than 121% from the lowest level last year.

It is unclear why Amp token is rising even as its on-chain metrics continue deteriorating. On-chain metrics show that the number of people using and holding Amp was relatively negligible. For starters, Amp is a blockchain that helps people provide collateral of their assets in a relatively easy process. 

There have been no major Amp-related news in the past few days. The most relevant is the decision by New York prosecutors to sue CoinEx, a small crypto exchange. In a statement, New York’s attorney general said that the company offered securities in its platform. It cited tokens like Amp, Luna, and RLY. The statement added that:

“The Tokens are also securities under the Martin Act because they represent investments of money in common enterprises with profits to be derived primarily from the efforts of others.”

Amp price prediction (daily chart)

The daily chart shows that the Amp crypto price has made a strong recovery in the past few days. It has managed to move above the key resistance level at $0.0059, the highest point on January 17th. The coin has also jumped above the psychological level at $0.0050. 

Further, it has moved above the 25-day and 50-day moving averages while oscillators like the Relative Strength Index (RSI) and the MACD have kept rising. Notably, these gains are happening at a period of high volume. 

Therefore, I suspect that Amp has some more upside to go. If this happens, the next level to watch will be at $0.008. However, a drop below the support at $0.0060 will invalidate the bullish view.

Amp crypto forecast (4H chart)

On the four-hour chart, we see that the Amp price has been in a bullish trend as well. It has managed to cross several levels, including the resistance point at $0.0053 and $0.0059, the highest points on Feb 8 and Jan 7, respectively. Like in the daily chart, the token remains above all moving averages. The only difference is that volume has started moving downwards. 

Therefore, with other coins like Bitcoin and ETH retreating, there is a likelihood that Amp will also decline and retest the support at $0.0060.

How to buy Amp

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

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

The post Amp price prediction: technical analysis points to a brief pullback appeared first on CoinJournal.

• Ripple’s rally lags behind other cryptocurrencies’ rallies for 2023
• A bullish flag pattern suggests more upside
• Once the bullish flag is confirmed, a double bottom pattern projects the price even higher

Ripple rallied against the US dollar in 2023 as the entire cryptocurrency market bounced. However, unlike Bitcoin, Ripple rallied less.

One explanation may come from the current consolidation. The chart below shows the daily timeframe, and the recent price action reveals a tight range lasting several weeks.

So what does the technical picture says about XRP/USD?

XRPUSD chart by TradingView

Bullish technical setup for XRP/USD, providing the 2023 lows hold

A double top pattern may be spotted on the left side of the chart. Ripple failed twice at $0.9 before reversing sharply.

It declined in line with the overall cryptocurrency market as investors fled, scared of scams and after losing faith in various crypto projects.

A double top is a reversal pattern. The key to trading the pattern is waiting for the price to move below the neckline.

Then, projecting the measured move, one can determine the minimum distance the market should move to confirm the reversal.

After the reversal pattern was confirmed by the price action reaching the measured move, Ripple entered a long period of consolidation. Ripple trades in a tight range against the dollar for almost eight months now. That is, a tight range considering the cryptocurrency market standards.

Currently, one can spot two bullish factors for Ripple. First, a double bottom pattern might be in the makings. Still incomplete, it points to $0.7 should the price move above the neckline.

Second, the most recent price action looks like the flag of a bullish flag pattern. If it is confirmed by future price action, then the measured move points to a break above the double bottom’s neckline.

To sum up, the bullish flag’s measured move exceeds the double bottom’s neckline. Hence, bulls may want to buy on a daily close above $0.45 and place a take-profit at $0.7.

The invalidation point of this bullish setup is a move below $0.3.

The post XRP/USD price forecast amid a +13.19% YTD performance appeared first on CoinJournal.