Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform
Crypto Banter’s Jonathan Fiorenza, a cryptocurrency analyst, recently shared his thoughts on the current state of Bitcoin and the cryptocurrency market. According to Fiorenza, Bitcoin is holding strong despite the chaos in the market.
He pointed out that Bitcoin is currently trading at $28,000, which is 5% higher than its lows during the recent Jesse Powell speech. He also noted that Bitcoin has formed a strong support level between $26,000 to $27,000, which he sees as a good buying opportunity.
However, Fiorenza has also warned that if Bitcoin starts closing below $27,800 within one-hour candles, there could be a possibility of further downside. He highlighted that there is a trend line on the one-hour chart, and if Bitcoin starts closing below it, there is a chance that it could come down to the $26,000 – $27,000 block.
Altcoin Distribution Expected Soon
Fiorenza then discussed the dominance of Bitcoin in the market and how it affects other cryptocurrencies. He asserted that the dominance of the king coin is currently at 48%, which he sees as a rejection area for the dominance to feed money back into altcoins. He explained that whenever Bitcoin hits the 49% mark, it has always resulted in a few weeks of altcoin distribution.
The expert believes that there will be a big distribution of Bitcoin into altcoins very soon, as he sees the current market push as a safety pump. He thinks that the big money is in altcoins, and has advised investors to load up on them once Bitcoin hits the $29,000 to $30,000 price range, which he considers his buy zone.
Fiorenza also spoke about Ethereum, which he thinks is a big cryptocurrency to watch out for. He noted that Ethereum looks strong, and he expects it to gain hype when its upgrade arrives. Fiorenza urged investors to prepare for a massive altcoin surge and be ready to make money. At press time, Bitcoin was worth $27,492 and Ether was exchanging hands for $1,743.
Bitcoin (BTC) Poised for a Big Price Move, Predicts Analyst Benjamin Cowen
Bitcoin bulls are once again testing the resistance level at $28,000 following an impressive rebound last week. However, in order to break out above $30,000, the bulls will need to retest even harder. Despite the overall growth in the industry, money flowing to altcoins has significantly diluted the Bitcoin bulls.
Bitcoin Liquidity Shrinks Following Collapse of Crypto-Friendly Banks
The liquidity of Bitcoin to the U.S. dollar has significantly shrunk following the collapse of three crypto-friendly banks in the United States earlier this month. According to research data provided by the Kaiko protocol, Bitcoin’s liquidity has dropped to 10-month lows as market makers lose access to USD payment rails. This low liquidity may lead to increased volatility in crypto assets.
Despite the impact of low liquidity on crypto assets, the stablecoins industry has stepped up to fill the gap left by USD payment rails.
Cowen Predicts Bitcoin Price Movements
According to crypto analyst Benjamin Cowen, Bitcoin’s price movements will mirror those of 2015 and 2019 this year. Cowen also predicts that a Bitcoin capitulation will scare more crypto traders later this year ahead of next year’s halving event. He insists that for Bitcoin price to parabolic later next year, the Fed will have to shift to quantitative easing in its monetary policies.
“I think Bitcoin will come back down later this year. It’s going to scare a lot of people, but I think it’s going to be a fairly normal thing. And it’s just going to be the scare to get people to capitulate just before we get into the next halving. And just before we get back into quantitative easing,” analyst Benjamin stated.
Which Token is Poised for Greater Growth?
Cryptocurrency investments have seen a downturn in growth recently, and it can seem like a bleak future for anyone interested. However, with the growing interest in blockchain technology and decentralization, experts are now predicting that a change is on its way. The cryptocurrency market could soon be heading towards an era of expansion, offering more opportunities than ever before to capitalize on this unique asset class. Two projects which are highly regarded by analysts looking to the future are TOAD and MANA. With their innovative approach to blockchain technology, these two tokens offer great potential for investors eager to get involved in the crypto space – so check them out as soon as you can.
DigiToads (TOADS)
With TOADS, holders get the benefit of enjoying not only strong price growth over the next months and years but also residual passive income returns. This is due to innovative features such as P2E gaming and NFT staking it offers. Plus, you don’t just have fun with some of the best memecoin credentials while making an income – DigiToads is expected to skyrocket in a high-growth trajectory during this time.
It’s an amazing opportunity for those who invest early in DigiToads, as they could expect returns of up to 10x their initial investment during its presale phase – making it one of the most rewarding ways to access this highly sought after and talked-about memecoin. Plus, you can be part of one of the biggest stories in crypto by being a TOADS early adopter and enjoying huge gains.
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Decentraland (MANA)
Decentraland (MANA) is a blockchain-based virtual world platform that allows users to create, experience, and monetize content. It enables the creation of digital property on the Ethereum blockchain in the form of non-fungible tokens (NFTs). This allows users to own land plots and build their own experiences within Decentraland’s virtual world. MANA is an ERC-20 token used as a currency for economic activities within Decentraland such as buying land or participating in events. It also serves as a unit of account for goods and services offered by decentralized applications built upon its platform. The main goal of this project is to offer people around the world an open, borderless space where they can express themselves freely without censorship or control from any large entity.
Conclusion
Overall, both MANA and TOADS could potentially be good options for those looking to invest in a crypto asset. However, experts seem to be more favorable towards DigiToads due to its innovative features such as NFT staking and P2E gaming which provide holders with strong price growth potential as well as residual passive income returns.
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Ethereum Poised for Explosive Growth in 2023, Says Top Crypto Expert
Macroeconomic expert Raoul Paul is extremely bullish on Ethereum in 2023, citing that its now deflationary supply combined with staking mechanics sets the stage for a supply shock that will send the price much higher.
According to Paul, Ethereum continues to be the best risk to reward investment in the market and the most vibrant, deepest, broadest ecosystem with the most institutional-style adoption.
He also discusses the underlying technological advancements of Ethereum, its ability to create decentralized finance applications, and its growing network effects.
Staking Mechanism and the Shanghai Fork
Staking is an innovative mechanism that most people don’t understand. If you stake crypto in Ethereum, you get a yield. The Shanghai fork means that liquidity is available to any staker at any time, creating a money market curve for Ethereum. This provides financial liquidity to build things on top of or incentivizes stakeholders to keep their money and stake it. The staking mechanism is also an important mechanism that is making Ethereum scarcer in supply.
A Deflationary Supply and Bull Market
According to Paul, Ethereum is in a deflationary supply phase, and there’s only 16% of all leaker stakes. If it gets to 40-35%, the number of people who’ve taken Ethereum out of supply doubles, creating a supply shock that can lead to massive upside volatility spikes that become unmanageable. This can also drive up fees, which can bleed into the layer twos, but they too consume less safe. This creates an interesting situation that makes Paul very bullish on Ethereum.
The Game of Network Adoption
Although Ethereum is the easiest way to invest and probably has the least risk, other projects can do much better than Ethereum. For instance, Solana is one project that can do better than Ethereum. However, Ethereum has observable network effects beyond any other token ecosystem.
The number of use cases, the applications, the number of wallet addresses, and the velocity of money make Ethereum special. The game of network adoption is also important, and the token has done a great job of getting attention.
Price Prediction
Although Paul hates giving price predictions, he sees no reason why Ethereum is not about $10,000, which is a decent upside from the current price. The world’s largest altcoin is worth $1,641 at press time.
Why AlienFi Is Poised to Take Over the DeFi Landscape in 2023?
You may exchange for your daily coins on a variety of different sites, which is convenient. One such example is AlienFi. You may make all of your investments at one location, and it is also quite convenient to utilize. This contributes to the coin having higher performance overall. So, on the whole, it presents an improved chance for all investors. Trading costs are relatively inexpensive, and the system is straightforward to control.
What is Alienfi?
Arbitrum Chain has announced the launch of AlienFi, a decentralized exchange (DEX), that offers rapid, secure, and low-cost token trading with complete transparency and complete management of your cash.
With its attractive and user-friendly interface, AlienFi makes trading DeFi assets simple for consumers. Users can quickly, cheaply, and securely keep complete control over their cash thanks to AlienFi, which takes away their vulnerability to theft and hacking. New investors may feel at ease and assured since AlienFi brings a new level of efficiency and trust to the DeFi industry that has never been seen before.
Interesting Alienfi features
Alienfi offers two unique staking methods that makes this DEX platform more attractive for all investors. The term “staking” is often used when discussing cryptocurrencies in the context of DEX (decentralized exchange), and it refers to the practice of storing cryptocurrency assets in a wallet in order to maintain the network and verify transactions, in exchange for receiving rewards or fees.
Users have the potential to earn a return on their cryptocurrency holdings via the practice of staking, which also allows them to make a contribution toward the maintenance of the decentralized exchange network. Before making the decision to stake their assets, users should make sure they have done their homework and have a solid understanding of the potential benefits and drawbacks of doing so. Some of the risks associated with staking include the possibility of temporary loss as well as potential security flaws.
Alienfi Farms
When you stake your liquidity provider (LP) tokens in the Yield Farms, you have the option to receive rewards. This opportunity is provided by LP Farms, which is another name for Yield Farming. The APR of the Yield Farm in which you are investing will determine the incentives that are allocated to you.
AlienFi Yield Farms are a kind of user incentive that are aimed to encourage users to generate liquidity for the token’s pairs of their choice. When an investor contributes liquidity to the system, they are rewarded with LP tokens as a receipt for their contribution. Trading fees for that particular pair are earned by holding those LP tokens, and investors may stake those LP tokens in AlienFi Yield Farms to earn more $ALIEN tokens in addition to the trading fee they get.
AlienFi Pools
You may earn more $ALIEN tokens by staking existing tokens in staking pools. The prize token might be $ALIEN or it could be any other partner’s token; this is determined by the pool in which you are participating. Staking is a straightforward and convenient method for increasing the amount of money you get from your $ALIEN tokens, regardless of how you obtained those tokens: by yield farming or by purchasing them.
The customizable staking feature offered by AlienFi enables users to earn rewards by staking their $ALIEN tokens in a range of different pools, each of which presents a unique combination of risk and potential gain. There are no lock-up periods, so users may choose to stake for as long or as short a period of time as they choose.
Those who desire a more organized and predictable investing approach may take advantage of the time lock staking pools that are available via AlienFi. The users of these pools have the option of locking their tokens for a certain amount of time in return for a fixed yearly percentage income (APY).
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Altcoin News: Chainlink (LINK) Price is Poised for a Meteoric Rise! Is It The Best Bet Right Now?
Volatility in the crypto space has been reduced significantly as the major cryptos maintain a very narrow trend. After testing the main resistance a couple of times, Bitcoin’s price faced rejection and dropped below $24,000 at the moment. Besides, Ethereum’s price has sustained close to $1650, which has induced significant momentum among the other altcoins. Top altcoins like Chainlink are believed to explode in the next few days.
The LINK price appears to be sluggish as the bulls are currently inactive. They appear to be accumulating strength to rise beyond the interim resistance without facing rejection, as it happened multiple times before. Therefore, one of the well-known analysts, Altcoin Sherpa, suggests his 192.4K followers wait until the price surges beyond the resistance close to $9.5.
The analyst believes that Chainlink has underperformed many altcoins previously, and is one of the safer tokens given the shaky market conditions. Therefore, the token could maintain its strength for a longer time as long-term exposure to the bullish trend may be in line with the asset ahead.
Once, the price rises beyond the aforementioned resistance levels, a fine upswing will be imperative. Presently, the price is trading between crucial levels, which may determine the upcoming trend of the token. Nevertheless, a well-known analyst, Micheal van de Poppe believes that the LINK price is primed to reach $10, once it breaks out of accumulation.
“Would be expecting continuation for Chainlink to take place towards $10. Then it breaks out of a 10-month accumulation period,”
Chainlink has been the most under-valued token with vigorous fundamentals, and hence the value of the token may surely rebound with a flip in market sentiments. Hence, a notable upswing may be pre-determined in the coming days.
Bitcoin (BTC) Price Poised To Rally More Than 50% Very Soon! Here’s Why and When
In the last 24 hours, the Bitcoin market has experienced a surge in volatility, outpacing the altcoin market. According to the latest cryptocurrency price oracles, Bitcoin has gained over 11 percent, trading at around $24.6k. As a result, Bitcoin’s market dominance has increased to 42.7 percent with a valuation of approximately $475,565,209,571.
Bitcoin Price Rally To $56K
According to William Noble, a chart analyst and former analyst at Goldman Sachs and Morgan Stanley, Bitcoin may see a significant rally in the coming months that could more than double its current value. Noble notes that Bitcoin is breaking out from a long basing formation and that the saying “the bigger the base, the higher into space” may apply here.
He predicts that Bitcoin could make another parabolic move up to $56,000 with limited downticks, similar to its late 2020 surge from $20,000 to $40,000. The term “going parabolic” is often used in the cryptocurrency market to describe an expected impulsive move higher.
Bitcoin has recently shown a bullish trend, following a prolonged period of trading sideways at around $18,000, which some analysts refer to as a “basing pattern”. One key indicator supporting the end of the downtrend is the bullish divergence of the relative strength index (RSI) on the weekly chart.
This occurs when the RSI does not mirror the new low in price, indicating a shift in power from bears to bulls. Additionally, the Nasdaq has broken out of a bull flag on the weekly chart, which can accelerate an uptrend. The correlation coefficient between Bitcoin and Nasdaq has also increased to 0.75, suggesting the two assets are moving in tandem.
A bull flag occurs when a correction follows a steep initial rise. Breaking out of this pattern can confirm a resumption of the broader uptrend. In October 2022, Nasdaq experienced a decline of 37% in 11 months, which looked like a correction in the broader rally from March 2020 lows and represented a flag pattern on the weekly chart. The recent bullish breakout from this pattern could indicate a new bull market in stocks, similar to the last bull market.
Analysts predict that 2023 could be a good year for both crypto and equities, with the potential for a significant run higher in equities to a new all-time high. In addition, the daily chart for Nasdaq also shows a bull flag breakout, adding further support to the bullish outlook.
Cardano (ADA), Polygon (MATIC), and Orbeon Protocol (ORBN) Poised for massive growth
The world of cryptocurrencies is experiencing a surge of growth and innovation, with three projects in particular poised for massive success: Cardano (ADA), Polygon (MATIC), and Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is making waves as a groundbreaking DeFi initiative revolutionizing the crowdfunding and venture capital industries. With experts predicting a staggering 6000% rise to reach $0.24 by the end of 2023, now is the time to invest in this promising project and ride the wave of growth.
Cardano (ADA)
Cardano (ADA) aims to provide a secure, long-lasting, and interoperable platform for developing and deploying smart contracts and decentralized applications. Cardano (ADA) is dedicated to the advancement of the digital asset market. Cardano (ADA) was developed to address critical issues in the Bitcoin ecosystem, including scalability, decentralization, and security.
Cardano (ADA) will receive three significant upgrades in 2023. To begin, at least two new stablecoins will be introduced on Cardano (ADA). USDA will be launched on the Anses platform by the foundation behind Cardano (ADA). There is also the DJED stablecoin, which is being created in collaboration with Coti. This currency is marketed as an overcollateralized stablecoin.
Another significant improvement coming to Cardano (ADA) is Hydra, the network’s layer 2 scalability solution. Like previous scaling solutions, Hydra will allow transactions to be performed off-chain, relieving the load on the Cardano (ADA) main chain.
Polygon (MATIC)
Except for the fork, Polygon (MATIC) has had a great start to the year. Creating a number of high-profile projects and partnerships with well-known companies like Disney and Reddit, as well as a Web3 incubator with Mastercard.
Polygon (MATIC) also wants to reduce the severity of gas spikes and cut down on inefficiencies in chain reorganization so that finality can be reached faster. Polygon (MATIC) makes transactions happen faster and costs less in gas, which is good for the Ethereum blockchain. Polygon (MATIC) also gives full security and positive dynamics.
Analysts think Polygon (MATIC) will continue to skyrocket as long as the Polygon (MATIC) network continues to bring in people who aren’t used to crypto through new products from companies like Starbucks.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a groundbreaking DeFi project that will change the crowdfunding and venture capital industries. Orbeon Protocol (ORBN) connects investors and new businesses that want to raise money on a safer and more efficient platform.
Orbeon Protocol (ORBN) allows people to invest in companies with as little as $1. A fractionalized NFT shows how much ownership they have in the company. Orbeon Protocol (ORBN) lets regular investors put their money into companies they think will do well.
Using Orbeon Protocol (ORBN), startups can create other ways to get money. Using the Orbeon Protocol (ORBN) Launchpad, a new company can make fractionalized NFTs to raise money. These NFTs represent equity in the company and can be bought by retail investors.
The price of the Orbeon Protocol (ORBN) token is only $0.071. This is a great price point to start because many experts think it will reach $0.24 by the end. This is an increase of 6000%, so invest now and make the most of it. The price of Orbeon Protocol (ORBN) has increased by more than 1675% since its initial presale price.
Find Out More About The Orbeon Protocol Presale
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Aptos Price Poised For Correction! Here’s Why APT Traders Should Be Cautious
Despite a harsh trading session last year for the crypto industry, layer one blockchain protocol Aptos managed to maintain a stable price moment. The Aptos token has brought a golden time in the altcoin market this year as it gained over 400% in January, receiving a massive token accumulation rate from investors. However, the APT token fails to achieve a healthy trading session as it continuously faces multiple rejections to spark another bull run.
On-Chain Metric Worries Aptos Investors
This Aptos token has truly shined in 2023, proving itself to be one of the rising stars in the cryptocurrency world. With a stunning peak of $20.44 in January, Aptos has skyrocketed a whopping 448% from its bottom price range.
The Aptos network is supported by a wide range of investors from around the globe to push the network toward its goals. On Wednesday, the APT network announced a crucial node upgrade dubbed v1.2 which seeks to add new features and enhancements to improve performance, support new integer types, and reduce timeouts.
Despite overwhelming developments, the on-chain data of the Aptos token describes an opposite scenario. The Total Value Locked in DeFi has touched a low of 4.6 million APT tokens, which is much lower than its recent all-time high. Moreover, the number of transactions on the APT network has been on a downward spiral, and it is now close to reaching its all-time low.
According to on-chain analytics firm, AptosScan, the network processed only 612,715 transactions on 17 January, which is a far cry from its record high of over 2 million. This slump in users’ activity is undoubtedly a cause for concern, and it may build up a downward correction in the APT price chart.
What Lies Ahead For The Aptos Price?
Though the ongoing developments are enough to give bullish hopes, the Aptos token is printing negative momentum in the price chart. Furthermore, the Aptos token witnessed a total liquidation of nearly $6 million on Thursday, which gives a clear sign of profit-taking from investors.
As of writing, the Aptos token trades at $18.25, with an uptrend of 14.47% from yesterday’s performance. Analyzing the daily price chart, the Aptos token may witness a sharp increase in selling pressure if its price drops below the immediate support level of $16.17.
Moreover, the distance between the 20-EMA and 55-EMA is narrowing, hinting at a correction below the 23.6% Fib level from Aptos’ current price. The RSI-14 level is heading toward a neutral region as it flips near level 75, which may further strengthen a downward correction. A drop below the $16.17 level may slump the Aptos token’s price below the EMA-20 trend line at $12.
Conversely, Aptos may spark bullish expectations if it surges above the $20 resistance level, above which the token may witness solid buying pressure, pushing the price to $24.
Cardano (ADA) Poised For Continued Growth
Cardano, like other cryptocurrencies such as Bitcoin and Ethereum, has had a bullish start to 2023. The price of ADA rose from $0.243 to $0.4, a 66.6% increase, before hitting resistance. In recent weeks, a rising wedge pattern has formed, indicating a potential correction of 15% to $0.325 if a bear cycle occurs.
On the other hand, if the bulls maintain control, Cardano may surpass $0.38. Currently, ADA is trading at $0.3719 after a 1.88% decline in the past 24 hours.
Bullish Signals For ADA
The on-chain data indicates that the bulls are dominating Cardano’s ADA and a potential price surge is expected in the near future. Approximately 4 billion ADA has been accumulated by 90,000 wallets in the trade range of $0.365 to $0.376.
ADA remains above its support level of $0.36, signaling a potential continuation of the bull run. The launch of Djed, a US-pegged stablecoin, on the ADA network this week, could further boost the cryptocurrency.
However, as with any investment, it is crucial to consider market volatility and associated risks before making a decision.
Solana Price Analysis: SOL Price Poised To Spike 50% in Q1-2023
Solana (SOL) has gained over 22 percent in the past seven days to trade around $13.51 on Wednesday. However, the SOL price is yet to fully recover from the FTX and Alameda implosion, which saw the digital asset lose over 60 percent in a week. Moreover, Solana was highly incentivized in the FTX ecosystem through token listings and liquidity provision.
Having returned to mid-December resistance, a popular crypto analyst on Twitter has highlighted that SOL will trade around $20 before the end of the first quarter of 2023. Citing a technical standpoint, the analyst believes the digital asset will consolidate at current levels before heading toward $20 before the end of March.
As such, the popular crypto analyst dubbed Inmortal [@inmortalcrypto] is convinced traders who bought Solana below $10 have their portfolio performing well.
The Solana ecosystem is suffering from a lack of development activity and network attacks. Nonetheless, SOL has seen its daily trading volume up significantly in the past few days, standing at about $1.7 billion today. For comparison purposes, BNB, XRP and Dogecoin all have a 24-hour volume of less than $1 billion, according to our latest crypto data.
Notably, a spike in daily traded volume on Solana (SOL) is a high indicator of more upside in the coming weeks. Furthermore, the SOL ecosystem has managed to significantly distance itself from the FTX fiasco.
Closer Look at Solana (SOL) Market Outlook
The Solana ecosystem takes pride in over 11.5 million active accounts and has facilitated over 22 million NFTs minted. Furthermore, Solana’s high throughput and low trading fees make it a perfect fit for NFTs of all shapes and sizes. Some of the top NFT marketplaces on Solana include SolSea, Metaplex, Candy Machine, Gumdrop, and RPC Infrastructure.
Top NFT projects on the Solana network include Cryptokickers, Degen Apes, and Solana Monkey Business.
The Solana ecosystem has been developing a mobile development kit for Web3 developers seeking to tap into the Saga phone. Notably, the Solana Mobile Stack, developed by Solana Mobile and coming first on the Android-compatible Saga phone, aims to make mobile more crypto-friendly.
Nonetheless, the Sol ecosystem is yet to convince the crypto community of its network stability. Moreover, network downs were very rampant last year fueled by bugs.
Meanwhile, the Solana ecosystem takes pride in a global community ready to support its Web3 products like SolanaPay.
Top Altcoins Poised To Surge More Than 25% in Q1
The day began with a bullish outlook as Bitcoin and other altcoins, including Ethereum, BNB, XRP, Cardano, and LINK, saw a bull run. This has caused a 1.27% increase in the global crypto market cap over the past 24 hours.
Meanwhile, crypto analyst and trader Michael van de Poppe has made bullish predictions for Chainlink, Polkadot, Binance Coin, and two other cryptocurrencies.
Chainlink
In a recent video for his 163,000 Youtube subscribers, Michael van de Poppe predicts that Chainlink will drop nearly 20%, falling to around $4.50 to $5. However, he believes this decline will be short-lived and that Chainlink will see a relief rally near $17 once it forms a dip.
Currently, Chainlink is selling at $5.77 with a 1.73% increase in the past 24 hours.
Polkadot (DOT)
In his video, the analyst also discusses Polkadot, stating that it has already entered a relief rally. He predicts that Polkadot will rise by 432%, reaching a target of $16 to $24. The analyst is confident that Polkadot will experience a significant bullish momentum in the near future.
Currently, Polkadot is trading at $4.64 with a 2.47% increase over the past 24 hours.
Cosmos Price
The analyst also believes that Cosmos will continue its current bull rally. According to Van de Poppe, once Cosmos moves beyond $25.97, it will easily reach a target of $35. He notes that a similar pattern was observed in 2019 and 2020.
At the time of publication, Cosmos has gained 0.97% in the past 24 hours and is currently trading at $10.22.
Binance Coin (BNB)
The analyst also discusses Binance’s native currency, BNB. He notes that BNB is currently trading at a support level of $233 and predicts that if Bitcoin maintains its upward momentum, BNB will surge to around $400. However, Van de Poppe also believes that BNB will hold strong even if the market experiences negative trends.
Currently, BNB is valued at $254 after a 3.53% increase in the past day.
SKALE (SKL) Price
Lastly, Michael van de Poppe concludes his analysis with SKALE, predicting that if it moves past $0.025, there will be a strong bull run. He predicts that SKALE will reach a target of $0.200 if the bullish momentum is sustained.
Currently, SKALE is trading at $0.0222 after a 4.81% increase in the past 24 hours.
HedgeUp (HDUP) Poised To Surpass Solana (SOL) In The Next 5 Years: Analysts Agree
Did you know that you can do more than just stake and trade with cryptocurrency platforms? As cryptocurrency adoption surges, crypto users are looking for ways to utilize these blockchain-based assets in multiple ways. The strong demand for cryptocurrencies has paved the way for niche platforms that enable crypto users to do more than just invest, be it building dApps or playing blockchain-based games.
HedgeUp and Solana are among the leading platforms today that enable their users to multi-task with their native tokens and earn rewards. Let’s dive into the important features of these two cryptocurrency platforms.
HedgeUp: Minting new gains with alternative investment products
HedgeUp has been designed as a niche platform for opening up the alternative investment products space for cryptocurrency users. It enables crypto users to park their money with alternative investment options like luxury watches, art, wine, and aviation, among other products. Alternative investment products offer users a two-prong advantage – firstly they potentially enhance your returns with a diversified portfolio. Secondly, these products act as a hedge against market volatility and economic factors like inflation.
The platform has also rolled out a native token called HDUP for facilitating all kinds of transactional purposes and it will be made available on presale. The HDUP token can be used for a wide array of uses like staking, liquidity pool management, marketing activities, distributing rewards, and securing voting rights. The token’s total supply has been capped at 999,000,000 units and the largest share of the tokens has been set aside for presale at 35%.
While the platform doesn’t levy any taxes on the purchase of HDUP Tokens, it does charge a 5% tax when a token holder sells the cryptocurrency. Users also have to pay a 2% liquidity pool admission fee. In tandem with its policy of incentivizing participation, HedgeUp offers its users rewards for staking and holding HDUP tokens in the treasury through the staking events conducted by the platform. The staking of tokens helps in liquidity pool provisioning and ensuring a strong market while offering users better trading opportunities.
Under the HedgeUp model, the team will first interact with startups to facilitate their users’ market entry. Next, they will strike deals with third-party vendors to supply investment products. Once the deals are finalized, these products will be uploaded on the HedgeUp marketplace and will remain open for purchase.
All assets will be stored in a licensed and insured vault for safety. One of the key USPs of the platform is its NFT collection. Buyers have the option of either purchasing an entire basket of investment products or buying an individual asset. In addition, buyers get the option of purchasing these NFTs as fractional ones i.e. users do not have to buy the entire NFT and can also purchase a small percentage of the asset.
Many cryptocurrency experts believe that HDUP has higher growth potential than other platforms. This is mainly because of its unique use case that bridges a gap in the cryptocurrency ecosystem and offers crypto users a niche opportunity to earn a passive income consistently.
Solana launches Fuse: a digital wallet for its blockchain network
Solana is a decentralized blockchain for building and scaling dApps cost-effectively and securely. Its native token SOL is the main cryptocurrency on the network and it is used for various transactional use cases on the network.
The reason why many developers prefer Solana is because of its high speed – all thanks to its block time of 400 milliseconds. The platform supports high-speed operations and is validated by over 1,900 nodes that operate independently. The wide network of nodes ensures that the users’ data stays secure and cannot be censored.
Being built on the proof-of-stake consensus algorithm, Solana minimizes the carbon footprint of its operations. According to the team, the network utilizes about the same quantum of energy as a couple of Google searches.
Solana recently announced the launch of ‘Fuse’ which is a digital wallet that enables its users to interact with Solana-based protocols and dApps while enjoying the security of a multi-signature wallet. It functions like a browser extension and can act as a proxy for your team by initiating transactions on the user’s behalf.
Users should know that Fuse is compatible with Squads, which is a multi-signature protocol built on the Solana network. Not only does it open up all features of the Solana ecosystem for its users but also offers a secure framework to set up a multi-signature wallet. In the absence of a tool like Fuse, earlier users could only interact with those dApps which had been integrated with Squads. The approach wasn’t scalable in the long term for developers and limited the usage of dApps on Solana.
XRP Price Poised to Drop by More than 50% Soon-Is it the Right Time to Sell?
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XRP price is speculated to witness significant turbulence very soon which may hinder the progress of the rally towards the north
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A notable drain is believed to drag the price lower in the coming days which may compel the token to record a bearish close for the year
The 2022-end is approaching very fast, meanwhile, the tokens maintain their consolidated trend as Bitcoin prices fail to slice through the crucial $17000 levels. The fine accumulation which has slaughtered the volatility also has prevented the traders to induce significant volume, much required to rise above the bearish captivity. While the beginning of 2023 was believed to be bullish, the possibility of XRP price marking new lows emerges.
The XRP price has been maintaining a significant trend since the beginning. Moreover, after the recent fallout, it maintained a significant upswing which was hindered during the recent fallout. Despite the bearish pressure, the XRP price is trying very hard to overcome the bearish action and reclaim its trades before the gigantic price drop.
- The XRP price in the larger perspective is stuck within a parallel channel wherein the bears appear to be in full control, while there are no signs of any reversals as no buy alerts by whales have been witnessed
- The head & shoulders pattern on the weekly chart is on the verge to experience a breakdown, as a fresh rejection may drag the price toward the lower support which is the neckline of the pattern
- With a fine rejection from the neckline, the price is believed to be halved and reach $0.1 which could be the last point of defense too. Here whales are believed to enter and uplift the price by 30% to 40%
Collectively, the XRP price remains within the bearish captivity regardless of the minor bounce, it is undergoing in the short term. As per the predictions of some analysts and influencers, the crypto markets may find their bottoms somewhere in Q1 2023 and XRP is no exception. Hence, a fine correction may be pre-programmed which may intensify the upcoming rally in the near future.
Ethereum (ETH) Price Poised To Surge 60% in January! Analyst Maps Next Levels
Ether, the second-largest cryptocurrency by market capitalization, has seen a decline in value recently. As of the time this article is being written, Ether has dropped in value by 0.09% over the past 24 hours and 0.39% over the past 7 days, with a current value of $1,218. There has been a bearish sentiment among traders and investors for an extended period of time.
Massive Price Spike Soon?
The well-known pseudonymous analyst known as Kaleo seems to believe that we will soon see the light at the end of the tunnel. In point of fact, he believes that soon the price of Ether would rise by an additional $2,000, which would represent an increase of 60%.
Although Kaleo has an optimistic outlook for Ethereum in relation to the US dollar, he is pessimistic about the future performance of Ethereum in relation to Bitcoin (ETH/BTC). The expert made a prediction earlier this week that the ETH/BTC exchange rate would likely continue on a downward trend.
This suggests that the king cryptocurrency would surpass the smart contract protocol in the months ahead. However, he makes it clear that even if the ETH/BTC chart is bearish, this does not indicate that Ethereum can’t make gains relative to the dollar.
Kaleo also clarified that:
“I don’t see this rally leading to new ATHs, just relief and continuation of accumulation within a larger range similar to what we saw in 2019.”
What Ether’s Chart Shows
“On Ether’s chart, I believe traders should pay special attention to the newly created resistance level around $1,230.20. This level was established not too long ago. If the candle manages to shut around it, the energy that has been gathered may be sufficient for a move to the zone around $1,280. As a result, the number of purchases has just begun to increase, which is an indication of the resilience of purchasers.”
That which Kaleo foresees may or may not come to pass. He has a lot of crypto market experience, but he isn’t a seer, thus he can’t see into the future. We’re keeping our fingers crossed that Ethereum’s much-anticipated upgrade, the Shanghai hard fork, brings about the significant increase in value that he has predicted.
Shiba Inu Price 2023: SHIB Price Poised To Hit New Lows, Here’s Why
The price of SHIB surged to a new all-time high in October of 2021. However, from that point on, everything for SHIB holders got worse because of the poor macroeconomic environment and the instability in the cryptocurrency market. With its prices falling by more than 70% in 2022 due to high-interest rates and other factors, SHIB has had a terrible year.
Trader il Capo Of Crypto recently said that SHIB would reach a new low in 2023. Taking to Twitter, he predicted that the price of the SHIB coin will fall all the way to $0.00008616. In October 2021, the SHIB price reached a brand-new record high. Another trader agreed with Capo and replied :
“Agreed, SHIB has a very aggressive bear target, like ~95% below current levels according to its H&S pattern.”
On the flip side…
Despite the underwhelming performance of SHIB coins and the negative mood of the crypto industry, the project and its community have made numerous substantial steps to drive utility and support additional use cases.
Starting with the introduction of the P2E-based Shiba Racing Game, the Layer-2 Blockchain solution known as Shibarium, and the SHIB Metaverse. Shiba Inu is one of the most searched cryptocurrencies this year, according to the most recent research in 2022, which was done by Google search engines directly.
There was a recent tweet from SHIB Super Store, that Travis Johnson, a game developer, used the official SHIB Burn Portal to send a massive 32,314,923 (32.31M) SHIB to the dead wallet in one single transaction.
Shiba Inu’s burn rate increased by only 32.87% over the previous day as a result of the mentioned burn transaction. According to data given by Etherscan.io, 10,410 new holders have joined the Shiba Inu Community just in the last two weeks.
Litecoin Whales are Active Again! LTC Price Poised for a Gaint Move Ahead!
The crypto space appears pretty bullish as the Bitcoin price gained some strength and raised notably to reach the target of $17,500. Meanwhile, Litecoin, which is also called a Lite version of Bitcoin also appears to be poised to kick off a firm bull rally very soon. With the revival of the bullish trend, the majority of the altcoins may also follow causing a fine bullish divergence.
Whale accumulation is one of the major indicators of the revival of a strong bullish trend ahead. The Litecoin whales, which remained dormant for a long time, have not just woken up but also jumped into action. Previously, the network upgrades failed to impact the LTC price, but the recent on-chain developments may cause digital silver to make a huge comeback.
According to the on-chain analytical platform Santiment, Litecoin whales have been accumulating heavily which has been the highest level since June 2017.
Litecoin recently made huge headlines recently after a significant amount of LTC was moved out of wallets that were dormant for a long time. On the other hand, the Litecoin price has been maintaining its trend along the horizontal line with less volatility while the volume remains pretty low. However, the price is maintaining a parabolic curve to reclaim the lost levels above the 3-digit figure.
The price is expected to maintain a horizontal consolidation for another couple of days ahead and further propel high to reach $100 before the end of 2022. However, the possibility of dropping back to the lower support close to $50 also appears pretty high which is expected to trigger a massive upswing later.
Collectively, Litecoin (LTC) price appears to be under the influence of bulls and hence may eventually lay down a significant upswing after a minor consolidation.
Ripple Is Poised to Win the Case, but Rumors of Settlement With the SEC Are Rife in the Crypto Space!
The post Ripple Is Poised to Win the Case, but Rumors of Settlement With the SEC Are Rife in the Crypto Space! appeared first on Coinpedia Fintech News
It is just some days away from the second anniversary of the Ripple vs SEC case, which later slapped the company with a lawsuit on the charges of selling XRP illegally. In a recent update, both parties agave filed the replies to the motion for summary judgment. Therefore, it is now pretty clear that the Ripple vs SEC case may soon find a closure.
Litecoin Poised for a Massive Upswing May Outperform Bitcoin & Ethereum Soon!
Bitcoin price has been constantly hovering around $17,000 for the past couple of days, while the Ethereum price is struggling to reach $1300. The market sentiments are presently uncertain, as the bulls and the bears both appear to be passive. Hence, it is compelling the markets to remain within the consolidated range. However, the trend is expected to manifest a diverse trend, as one of the primitive tokens, Litecoin, is closer to setting up a giant move to the north.
A widely followed crypto trader and strategist, Justin Bennett believes the Litecoin price rally is set to begin at the earliest and may even outperform Bitcoin too.
The LTC price is holding around the $30 support range and may rise towards its resistance zone at around $465 somewhere in 2023.
“I’m bullish on LTC in the short term, especially against BTC, but there’s no reason to think we won’t see this play out again in 2023,”
The Litecoin price is trading at $77.05 at the moment, while LTC/BTC pair is ranged up by more than 30% over the past 30 days and by more than 20% in the last 2 weeks.
Further moving towards Ethereum, the analyst believes that the second-largest digital asset by market cap is prone to drop heavily to reach local highs, repeating the past price action it underwent in the past month.
“I mentioned this to members yesterday, but ETH has formed a similar pattern to what we saw in late November.
Run the local highs to trap longs and then reverse,”
The analyst believes that the Ethereum price is on track to reach the local high of $1319, where it may witness a significant rejection towards the present support at $1240.
Fantom (FTM) Price Ignites a Giant Move, Poised for a 50% Upswing to Reach $0.5 in the Next 2 Weeks!
The crypto space had undergone a significant upswing in the past couple of weeks as Bitcoin price hailed over $17,000 for some time and dropped back below the levels very quickly. Meanwhile, the altcoins including Fantom(FTM) price followed the star crypto and jumped significantly.
While the BTC price has been consolidating heavily below the resistance, the FTM price is believed to rise significantly in the next few weeks.
A widely followed analyst, Micheal van de Poppe identifies the next course of action for the FTM price and foresees the asset to reach $0.5 very soon.
The analyst mentioned the strong upswing that slashed the pivotal levels between $0.2389 and $0.2393. The price pierced through these levels after a brief consolidation, marking the beginning of a fresh upswing. The surge may uplift the price to the interim highs at around $0.27 which may pave the way to reach the November high close to $0.3 by the mid of December 2022.
Collectively, the crypto space presently is pretty uncertain as the prices of the top cryptos have been trading within undetermined levels. While some of the cryptos like XRP, maintained an independent trend, the majority of the altcoins tend to follow the Bitcoin price trend. However, the Fantom (FTM) price, which is largely appearing to be bullish, is expected to undergo a “u-shaped” recovery to reach $0.3 in the next couple of weeks.
Cardano Price Flashes Fresh Bearish Signals, Poised to Drop a Level Down Very Soon!
The crypto markets have turned green, while the Cardano price is striving to inculcate bullish market sentiments. The volume also appears to have drained in the meantime, and the impact is already evident on the ADA price. Hence, the price is expected to continue with little-to-no volatility in price action for an extended period ahead. As the asset has been showing signs of weakness, the possibility of a fresh drop is high.
Along with the slashed buying volume, selling volume also has not made any huge impact, due to which the price is able to trade above the pivotal support. However, following the recent rebound after hitting the lows at $0.3, ADA’s price is striving to remain within the incremental ranges.
Meanwhile, a final retest appears to be imminent before undergoing a notable upswing towards the upper targets.
After the recent bounce, the ADA price is expected to make a retest of the support levels, post to which it may begin to rise. Therefore, after a brief upswing initially beyond $0.322 and later at $0.3370, the ADA price is expected to reach the first target at $0.385 and later head towards teh pivotal resistance zone between $0.416 to $0.423.
The token is required to clear these levels to reach the second target beyond $0.48, which appears likely in the next couple of months. Considering the present price action, the Cardano (ADA) price is moving towards the north while withstanding significant bearish pressure, and hence may certainly not lay down a firm upswing until the monthly close.
Attention Traders! Polygon (MATIC) Price Poised for a 12% Drop
The crypto space is assumed to be preparing for a fresh price reversal as Bitcoin price and major altcoins are testing major support levels. Furthermore, the tokens are apparently predicted to drop off these levels to mark a bearish close for the month. Meanwhile, one of the strong layer-1 chains, Polygon’s native token MATIC is reportedly believed to be in deep waters as whales could cause more price drops shortly.
MATIC’s price is presently trading at $0.822 with a drop of nearly 4.06% in the past 24 hours with a market capitalization of $7.18 billion. In the past few days, MATIC’s price has been undergoing a couple of strong pullbacks. According to a leading on-chain data provider, Lookonchain, whales are causing these dumps at frequent intervals.
As per the data above, the whales have been dumping millions of MATIC tokens which has caused the price to drop significantly. Moreover, the whale still holds nearly 36 million MATIC tokens worth approximately $29.b million which may keep up the bearish clouds hovering over the asset for an extended period.
MATIC Price May Rebound Strongly Soon!
Regardless of the fact that MATIC’s price is trading within crucial levels, there is a scope for a significant upswing. Recently, the founder of Polygon Sandeep Nailwal shared an important update and revealed that the network’s active address reached 15 million in the last 30 days.
This update appears to be pretty promising as it represents the swelling popularity of the network as the platform’s DeFi ecosystem also witnessed growth lately. Moreover, data from Cryptoquant revealed that MATIC’s exchange reserve was decreasing indicating a drop in the selling pressure.
Thus, despite the bearish clouds hovering over the Polygon(MATIC) price, a significant rebound may make huge noise very soon.
Bitcoin (BTC) Price Poised To Hit New Lows Before Embarking On The Path To Recovery
Bitcoin has been playing it relatively safe in the face of widespread investor skepticism, volatile markets, and other minor disturbances. The asset recently formed a double top as it consolidated below $16,800- an extremely bearish reversal formation, thus causing heightened stress and panic amid the trading community.
From $16,791 it has been declining gradually below $16,500 and $16,400. The bears pushed the price below the 23.6% Fib retracement line of $15,470 swing low to $16,790 high. However, the entire crypto market cap slid over 2% to $815.32 billion on November 27, steering key altcoins into the negative.
BTC has already caused investors massive losses- up to 77%! How much worse can the situation get?
Tremors From China Unrest Spook Global Markets
The recent covid restrictions have paved the path for BTC and crypto in general. As reported by Bloomberg, due to the crisis and halt in the supply chain, Bitcoin temporarily lost 3.2% and was trading at $16,170 in Tokyo today. Ether plummeted by 4%, but Solana, Avalanche, and Dogecoin fell considerably more.
Another catastrophic event is the BTC ‘millionaire’ wallet which could cause further crashes in the asset and heighten the market’s instability.
Bitcoin ‘Millionaire’ wallets drop by 80%
In yet another sign of how far the crypto market has dropped since Bitcoin’s all-time high, Bitcoin billionaires are hurtling.
Glassnode, which records BTC wallets, said 23,245 bitcoin wallets had over $1 million on Nov. 25, which is a drastic drop when one compares the stats to that of Nov. 8, 2021, when 112,898 “millionaire” wallets existed as BTC/USD neared its $69,000 all-time high.
When Will The BTC Bottom Come About?
The famous Benjamin Cowen, a crypto expert, is resorting to studying the past bear markets to predict when Bitcoin will bottom out.
Overall, Cowen predicts a bottoming scenario similar to 2018’s when BTC’s price made a series of slightly higher lows before rapidly caving to new lows.
“Making the case for the bottom hasn’t really helped anyone in 2022 thus far, which is why we advised people not to expend too much mental energy attempting to predict a bottom in the year’s beginning.”
Hence, Cowen predicts that “if you give the bear market a little more time, it will eventually sink lower.”
If this trend continues, you may extrapolate where the 200-day simple moving average might cross if it keeps falling at its current rate.
Cowen’s Timeline For Bitcoin
On the basis of historical trends, Cowen predicts that Bitcoin will hit rock bottom on December 25th of this year, just before the next bull market begins. He predicts further bloodshed around the holiday season.
Wrapping up
Analysts can provide predictions, but there isn’t a guarantee that the situation will map out as they predict.
For more than a year now, Bitcoin has been in a bear market, and if we look at historical trends, this isn’t out of the ordinary. If we compare the length of the 2014 downturn to that of the 2018 downturn, we can see that we are inside the normal range for when bottoms occur, at around 14 months.
However, Bitcoin has dropped by 0.04% today to $16,608 as of this writing. These new developments continue to raise the public’s anxiety about the future.
XRP Price Surges Above $0.41, Poised to Hit $0.5 Before the end of the Day’s Trade
XRP price is surging, decoupling from the entire crypto space. Marking more than 8% gains since the early trading hours, the price now aims to reclaim the levels above $0.45 at the earliest. Meanwhile, the bears continue to remain unresponsive for a while, which may impede the possibility of a major rejection until the end of the day’s trading.
Regardless of the proceedings in the Ripple vs SEC case, the XRP price continues to manifest an independent rally. Hence, the asset could gear up and intensify the upswing that it ignited since the beginning of the monthly trade.
The major accomplishment of the XRP price is that, despite the presence of bearish clouds, the XRP price did not test the June lows, while most assets formed new ones. This clearly shows that the XRP community was stronger than the BTC community, which drove up the price. Therefore, a significant upward price action may be aspiring for the next few hours.
As the price has decoupled with the market sentiments, it’s time for the buyers to realize their strength and act accordingly. Presently, one can expect a growth impulse that may hit $0.5 wherein the bears may compel the price to remain consolidated for a while. Furthermore, the next impulse wave may trigger a larger price action that may break the trendline and reach the local target of around $0.6 to $0.65 in the next couple of weeks.
Collectively, Ripple’s XRP price is displaying acute strength that may help trigger a large price movement in the coming days.
Shiba Inu To Dominate Major Altcoins Soon! SHIB Price Is Poised To Kick A Massive Explosion
While the crypto market has been severely affected by the recent collapse of famous crypto exchange giant FTX, the SHIB community continues to broader its adoption due to a potential announcement from the SHIB’s team regarding its collectable card game (CCG) ‘Shiba Eternity’ and upcoming layer-2 blockchain solution ‘Shibarium’.
Since its inception, the ‘dog-themed’ meme coin has evolved significantly and overcome several hurdles during its upward journey with much-anticipated developments like Shibverse, Shibarium, and Shiba Eternity.
Is SHIB Price Ready For A Major Pump?
There is much hype surrounding Shiba Inu’s long-term goal of $1 as the team is putting enough effort into revolutionizing the platform in the blockchain space.
A pseudonymous Twitter user, ShibInform, recently hinted that the SHIB token might soon project itself to an overwhelming price of $1 due to its upcoming hyped developments.
The SHIB domination started two weeks ago when Shiba Inu developer, Shytoshi Kusama, confirmed the arrival of the layer-2 blockchain Shibarium to the SHIB network.
SHIB fans are waiting eagerly for the launch, which is expected to be completed by the Q3 of 2023, as the developer did not provide any specific date for the launch.
Kusama also shared significant updates on the collectable card game (CCG) Shiba Eternity as he revealed the link between the game and the upcoming product Shibarium.
As a result, it is expected that SHIB users will have a lot of use cases on the platform, which can act as a catalyst in pushing the token’s price to the North.
This Price Level Can Spark Fresh Surges!
Shiba Inu has wiped out billions of dollars from the portfolios as it plunged hard to the downside following the implosion of FTX and its native token, FTT.
Due to this, panic and fear of contagion in the SHIB token increased dramatically, forcing whale investors to liquidate massive positions and build selling pressure in the price chart.
According to CoinMarketCap, Shiba Inu is trading at $0.000009098, dropping over 3% in the last 24 hours.
Looking at the daily price chart, Shiba Inu is forming a solid bearish pattern, and it can ignite a downtrend if it continues to retrace below its 23.6% Fib retracement of the current level.
Moreover, Shiba Inu has crashed all its EMA and SMA indicators, and the Stochastic RSI has reached the oversold region.
The RSI-14 indicator has consolidated in a neutral zone of level 40, and SHIB may drop quickly if the RSI falls below 35.
The Bollinger bands are also closing in a supportive region as the lower limit is at $0.00000806. If SHIB fails to hold its price near $0.000008, it can undergo a strong bearish rally, further dropping to the level of $0.00000694. The MACD line is also gaining pace downward as it continues to trade in negative territory, which can accelerate the current bearish momentum of SHIB.
However, the above bearish viewpoint may become invalid if Shiba Inu makes a bullish reversal by trading above its EMA-100 trend line at $0.00001139. The Bollinger band’s upper limit is at $0.00001344, which is a strong resistance level for Shiba Inu. If SHIB breaks above it, it can head towards a smooth bull run.
Oryen Network Finds Massive 100% Gains During Presale, How To Know If Ethereum Is Poised For More Upside?
The latest analysis shows ETH has a good chance of breaking out. Bullish cues have recently emerged from a classic technical setup called the cup and handle pattern. It forms when prices experience a U-shaped recovery, like a cup, and then a slight downward trend, the handle. All this happens while it retains a common resistance level called the neckline.
The cup and handle pattern is often a sign of a bullish setup. Once its breaks out, Ethereum could be headed to the moon. However, there is yet to be a telling when that is. It could be in the next few days or the next few weeks. What is clear is that the second biggest crypto coin market cap is poised for big things.
Oryen Network Records Massive Gains
While Ethereum is showing signals of a bullish period, it will take some time to get there. One of the most promising projects for gains in a short timeframe is the Oryen Network, which recently saw +100% movement. That is a better performance than Ethereum will achieve in the short term.
For investors looking to make some profits as they await Ethereum to grow, $ORY tokens are a good option. They are the native token of a great DeFi protocol that will revolutionize staking.
Why Oryen Network is Special
Oryen Network is a special protocol with a unique fixed APY 0f 90%, the highest fixed APY of any DeFi protocol. That means that investors will earn a daily compounding interest of 0.177%.
Thus far, investors seeking an excellent opportunity to make huge returns fast have been piling into the Oryen Network. Huge interest in the tokens pushed the price up by 100%. That interest is growing. Once the presale stage is done, it will likely cause the price of tokens to at least double.
It could turn $ORY token investors into overnight millionaires when that happens. Such an occurrence has happened before in the crypto world. A good example is Ethereum. When the ETH tokens launched, they were valued at a few pennies. Those who got into the project at the time made it big. Today, they are millionaires and the biggest influencers in the crypto world.
They used their intuition to achieve their status, showing that their investment would pay off someday. The same could happen for $ORY investors. A small investment in the promising $ORY tokens will likely pay off big once the protocol goes live.
Developers are working hard to ensure that by the time the project is live, the whole world will know about it. Consequently, $ORY token holders will not have to wait quietly as the world discovers the Oryen Network; instead, it will be an instant hit. Due to extensive awareness efforts, everyone will want a piece of the project when it goes live. No one will want to sit on the sidelines of the next step in the evolution of DeFi staking.
Summary
Finding a gem in the crypto sector is rare these days. As a result, when a gem like Oryen Network comes along, one should be careful to be included.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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MATIC Price Poised For Massive Upswing, Analyst Map Crucial Entry & Exit Levels
After an extended period of weak momentum, Bitcoin has begun its upward movement. Following in its step, altcoins like Ethereum, Cardano, Solana, XRP, and BNB, among others, surged as well. However, not all assets are experiencing such positive price increases; a few are yet to claim their bull run. A prominent name out of the list is Polygon (MATIC), which is still stuck in the red zone and continues to lose out on gains.
At the time of writing, Polygon (MATIC) is selling at $0.936 after a fall of 0.82% over the last 24hrs.
However, a closely followed crypto analyst, known as Kaleo, is of the opinion that Polygon (MATIC) which is an Ethereum-based currency, will surpass Bitcoin and Binance Coin (BNB) soon.
MATIC To Outperform Bitcoin?
Kaleo informs his 536,400 Twitter followers that Polygon (MATIC) is about to surge against the King currency. He makes note of May 2021’s High Time Frame (HTF) flag and claims MATIC is up for another upward movement.
He also expects MATIC to retrace some more before moving towards marking a new all-time high.
Furthermore, the analyst suggests that MATIC is set to create a similar pattern against BNB, just like Bitcoin.
Before Kaleo wraps up his analysis, he says that the MATIC/BTC pair is exceptionally bullish and once MATIC enters the bull market, it will easily surge to achieve new heights. He added that, at the price of $1, MATIC is very cheap, and this is the perfect opportunity for market participants to ‘buy the dip’.
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Altcoins Ready to Breakout While Ethereum (ETH) Price Poised to Surge 80% Soon!
In September, Ethereum finally underwent its long-awaited Merge, changing its consensus algorithm from the dated proof-of-work (POW) paradigm to the more reliable proof-of-stake (PoS). The anticipated price increase, nevertheless, never happened. Following the upgrade, Ether has decreased by more than 7 percent. The price of Ethereum remains consolidated between two significant barriers and shows no signs of breaking out.
However, a well-known cryptocurrency trader who is credited with correctly predicting the bottom of the 2018 Bitcoin (BTC) bear market now predicts a significant Ethereum (ETH) price turnaround. ETH is currently offering a clear buying opportunity, according to cryptocurrency researcher Smart Contracter, since it consistently respects the 200-week moving average.
The expert said that ETH is currently aiming towards a level of $2,400, which is an increase of 80% from current pricing. Opportunities for long-term purchases have indeed arisen. For the past five weeks, ETH has been based around 200wma. When this weekly higher low resolves and starts moving up again, $2,400 is the next target in his opinion.
Are Altcoins ready for a breakout?
The general outlook for altcoins is positive according to Smart Contracter. According to him, the altcoin index on the cryptocurrency market FTX has printed a bullish hammer pattern, generating a sizable falling wedge, which is often a bullish pattern.
“Alts are looking GTG now imo, altcoin index on ftx had a huge hammer with a crazy ass wick from the 0.618 plus overall structure also looking like a falling wedge that’s begging to break up. I think nows the time to shoot your shots.”
Dogecoin (DOGE), the most popular meme coin, is poised to rise after “crazy” accumulation in its Bitcoin pair (DOGE/BTC), Smart Contracter predicted earlier this month.
“DOGE/BTC has the most insane looking high time frame accumulation going on. I haven’t seen something that looks like such a clean accumulation like this in a long time. I dare say revisiting this in a year’s time, DOGE will be a lot higher than $0.065.”
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Terra (LUNA) Price Poised To Drop Nearly 15% This Week ! Here’s How Low it Can Go
This year has been the worst for Terra’s LUNA as it continues to be more bearish each day. Earlier this week, LUNA was thrown out of the top 100 cryptocurrencies by market cap and is currently ranked at 101.
The current bearish trend seems to go to the roots, and it can bring LUNA to trade below $2 as the LUNA price graph is now forming a falling triangle pattern.
LUNA Price Is Poised To Trade Below $2 This Month!
Bears are creating selling pressure which is building a potential downtrend for LUNA. After retesting its resistance level at $2.6131, LUNA seems to extend its bearish trend for the next couple of weeks as it can soon fall with a nearly 16% drop, pushing its price below $2.
According to CoinMarketCap, LUNA price is currently trading at $2.5 with a market capitalization of $318 million. The Bollinger band’s upper limit and 200-day SMA indicate a strong resistance level at $2.7 in the LUNA price chart.
If this resistance level breaks, we can see a minor upward retracement, but the price may fall quickly. The 50-day SMA (simple moving average) and 20-day SMA are willing to trend downward, indicating a price drop soon. The critical support level is $2.4, below which LUNA may trade at $2.
The MACD line is also changing its path downwards, accelerated by low trading volume as the RSI is moving below the 50-level, hinting at a price fall.
Terra Announces Terra Phoenix Airdrop
Terra, which powers LUNA, recently announced its launch of Terra Phoenix Airdrop. According to data from the airdrop, Terra and Thorchain (single contract) appeared to be at the top, claiming 50.5% of the total allocated tokens.
Polygon secured second place, claiming 85,674 LUNA tokens from the allocation (20.8%). Ethereum network claimed 338,986 of the total LUNA tokens (6.9%), securing the 4th position in the list.
The initiative was taken by Terra to redistribute its 19,504,909 LUNA tokens to users who were somehow unable to get the correct allocated amount during its genesis. However, Terra is putting efforts into reconstructing LUNA’s image after the historic crash in May.
LUNA may soon recover and join a bullish rally in the near future if investors get interested in Terra’s developments and start buying LUNA during the dip. According to our LUNA technical analysis, the bull run looks far as it needs to hold its price level above $3.
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This Altcoin Poised To Lead The Next Crypto Bull Run – Predicts Raoul Pal
According to former Goldman Sachs executive Raoul Pal, one competitor to Ethereum (ETH) is poised to overshadow the rest of the market. He predicts that during the next bull cycle Solana (SOL) will outperform major Altcoins.
Pal: Decoding the Altcoin which may drive the bulls
The analyst has pointed out that Solana (SOL) blockchain has been experiencing technical challenges as of late, in his recent ask me anything (AMA) session he claimed that this does not diminish the Ethereum competitor’s skyrocketing activity on-chain or network growth.
I like Solana. Yes, I am aware that it frequently malfunctions. Yes, I am aware that everyone is aware of it; therefore, there is no advantage in terms of knowledge. Solana will likely do well in the upcoming upcycle, in my opinion, assuming it survives breaking, is one of the biggest crypto protocols, and has the most activity of any chain besides Ethereum.
In Pal’s view, the expansion of the central bank’s balance sheets is a key driver of most asset classes, and this expansion has a negative effect on fiat currencies.
Pal’s Bullish Outlook on Digital Assets
Given that they are one of the only sectors that can, in the long run, outperform currency debasement in real terms, the macro specialist is optimistic about digital assets.
One of the most intriguing questions is whether or not the debasement of fiat currencies can be beaten when everything is divided by the central bank’s balance sheet.
Bitcoin, Ethereum, and tech stocks are the only investments you need to make right now because they both benefit from long-term technological developments.
Real estate, like everything else, is pretty much flat since nothing is doing better than the Fed’s balance sheet. It serves its purpose, helping you preserve rather than increase your riches.