Top Altcoins to Invest Before the Beginning of the 2023 Bull Run
After hitting highs above $1.19 trillion, the global crypto market cap has now consolidated to $1.15 trillion as the markets are consolidating since the early trading hours. The Bitcoin price earlier had raised beyond $28,500, but the bulls who appear to have drained their strength failed to hold these levels.
As a result, the bearish influence is slowly outspreading among the other altcoins. However, despite the mounting bearish influence, some of the altcoins display huge potential to go long before the beginning of a strong bull run.
Solana (SOL)
Solana price has been trading within a bearish trend for quite a long time but is still believed to continue plunging until it reaches the edge of the consolidation. The price may undergo a rejection from the upper resistance and head toward the lower support. The RSI and the ADX both are bearish which may drag the price lower in the coming days. However, after marking the bottom, the price may rebound and rise high to reclaim the lost positions.
Litecoin (LTC)
Litecoin underwent a parabolic recovery and reached the neckline post to which the price slipped down to accomplish the cup and handle pattern. The price has sparked a rebound and may rise high to hit $100 initially. Further, a significant upswing has been recorded which could reverse the trend in the coming days.
Chainlink (LINK)
The Chainlink price is trading within a parallel channel, within predetermined resistance and support levels. The price has been trading within the average levels and recently made a notable upward price action.
The V-shape recovery is believed to induce the required momentum which may further lift the price close to the resistance of the channel. However, a bullish breakout may be mandatory as the volatility of the token is less when the strength required for a bullish breakout is accumulating as ADX is trying for a bullish divergence.
Shiba INU Price on the Long Run: Need to Achieve These Levels to Keep Up Bullish Momentum!
The Shiba INU price has been trading within a downward channel ever since it failed to surpass the interim resistance at $0.00001133. The descending trend which is seen in most of the altcoins is a result of the rising dominance of the star crypto, Bitcoin. Besides, the beta launch of the much-awaited Shibarium has also been delayed, which has also cooled down the hype surrounding the project.
Despite the chaos around the project, the whales appear to be pretty confident about the upcoming swing. As per the reports from Whalestats, a couple of whales have accumulated massive amounts of SHIB tokens in a single transaction. Two of the high-profile ETH whales have accumulated more than $10.8 million.
The top 100 whales have collectively held Shiba INU worth $606 million, followed by MATIC worth $166.8 million, BEST worth $155.9 million, and Chainlink worth $146.4 million. Although the bullish momentum has accumulated, the SHIB price must reach these levels to keep up the bullish momentum.
The SHIB price is currently ranging around $0.00001082 but continues to remain within a descending parallel channel that ignited in early February. The token, however, has not managed to break above the channel, which may require it to move above $0.000011. To do so, the SHIB price is required to rise above the 200-day EMA levels, which were previously breached by the bulls during the first fortnight of 2023.
The price, however, managed to break the 200-day EMA and plunged during the first few days of the month. Presently, the 200-day EMA is at $0.00001171, which can be considered the most important level to confirm with a breakout from the descending trend channel. Beyond these levels, a notable upswing may be confirmed that may rise the levels beyond $0.000012 in the coming days.
Cardano’s Tvl Hits 20% Growth – Could This Be the Catalyst for Ada’s Bullish Run?
Cardano, one of the most popular blockchain networks, is seeing significant growth in its Total Value Locked (TVL) metrics. Data from DeFi Llama shows that TVL of the Cardano network has seen an increase of 20% almost every month, highlighting the increasing popularity of the network’s DeFi ecosystem.
The rising popularity of ADA among institutional investors
ADA’s rising popularity among institutional investors and large wallet holders could emerge as one of the drivers of the altcoin’s price rally. Based on data from crypto intelligence tracker IntoTheBlock, the volume of large Cardano transactions exceeding $100,000 is on the rise. The trend indicates that institutional investors and Cardano whales are increasing their engagement with the Ethereum-killer token.
While a spike in whale activity is typically considered indicative of a correction in the asset’s price, large volume transactions on ADA network are accompanied by a steady increase in the asset’s price. Over the past week, ADA yielded nearly 8% gains for holders.
TVL grows, but ATH remains far away
While the total value locked on Cardano experienced a 20% jump this year, its previous all-time high remains afar. When ADA reached its ATH of $3.09 in September 2021, the TVL stood at a staggering $3 billion. Therefore, if ADA needs to aim for $1, the TVL requires a dramatic push similar to the market rally of 2021.
Only a bull run could pave the way for the possibility of a push and the current conditions don’t favor it. ADA is hovering around the $0.33 mark unable to break its resistance level of $0.40 for more than two months.
While an increase of 20% in TVL is a positive development, it only shows a brief recovery. The development alone might not take ADA to the finish line. Touching its previous TVL highs of $3 billion might take years, as the global economy is not in the right shape.
Cardano network showing significant improvement
However, the Cardano network is showing significant improvement despite a financial downturn. Therefore, when the bull run begins, ADA could kick-start a price run and surprise investors with its efficiency.
Cardano hit an important milestone in its developmental journey going full peer-to-peer with node 1.35.6. Developers called all Staking Pool Operators (SPOs) to get on the testnet and test the speed and efficiency of the Ethereum-killer blockchain network.
Arthur Hayes Predicts Crypto Bull Run as Fed Hints at $4.4 Trillion QE
Arthur Hayes, the co-founder of BitMEX, has hinted that a cryptocurrency bull run may be on the horizon. In a recent blog post, Hayes discussed the implications of the Federal Reserve’s (Fed) new Bank Term Funding Program (BTFP), which he says stands for “Buy The Fucking Pivot.” Hayes argues that the BTFP program is simply Yield Curve Control (YCC) repackaged in a new, shiny, and more palatable format.
Hayes predicts that the Fed’s $4.4 trillion quantitative easing (QE) program, coupled with its low-interest rates, will create a significant inflationary environment. This, in turn, will likely drive more investors to allocate their capital to cryptocurrencies, which are seen as a hedge against inflation. Hayes suggests that the ongoing COVID-19 pandemic, coupled with the Fed’s economic policies, will continue to drive interest in cryptocurrencies.
The US Federal Government’s decision to increase its fiscal deficit in response to the pandemic has already been highly inflationary, as the government has dropped money directly into people’s bank accounts. The cost of funds for asset speculators has dropped to zero, encouraging risk-taking, and the Bull Market has played a significant role in the financial boom that followed.
Fed’s Tightening Cycle and Cryptocurrencies
Banks have been contributing to the spread of interest rates by depositing money with the Fed and earning interest on excess reserves. This has led to an increase in interest risk, meaning that the highest-rated credit one can invest in is the debt of the US government.
Many banks have taken measures to increase their earnings by taking on some level of credit and/or duration risk. However, this can lead to a decrease in the price of bonds due to the increased risk of companies not paying their bills.
Hayes believes that the Fed’s tightening cycle could cause a significant financial disturbance, followed by a resumption of money printing. He predicts that the Fed will continue to hike until they break something, and some analysts have maintained that a disruption in some part of the US financial system in 2023 will force the Fed to reverse the tightening cycle. Hayes argues that this could be the catalyst for a crypto bull run.
Inflation and Cryptocurrencies
Hayes suggests that the ongoing COVID-19 pandemic, coupled with the Fed’s economic policies, will continue to drive interest in cryptocurrencies. The Fed’s $4.4 trillion quantitative easing program, coupled with its low-interest rates, will create a significant inflationary environment. This, in turn, will likely drive more investors to allocate their capital to cryptocurrencies, which are seen as a hedge against inflation.
Is Crypto Bull Run at Stake? Here’s What Traders Can Expect from the Market
As Bitcoin’s price made a new 2023-high above $26K price level following the release of CPI data, it has sparked signs of an upcoming bull run in the crypto market by Q1’s end. However, the BTC price has met a sharp rejection near $26.4K, which develops fear among investors of an upcoming bearish rally. As a result, investors are now wondering if Bitcoin’s massive surge is a sign of a crypto bull run or if a bearish rally is waiting on the way.
Crypto Bull Run May Not Happen Soon
Bitcoin has surged to a nine-month high above $26,000 despite the banking crisis in the United States and the latest inflation data. However, the founder of Paxful, Ray Youssef, remains skeptical of the uptrend. In a tweet on March 15, he expressed doubts about the recent surge, describing it as “weak.”
Although Bitcoin’s value has increased, Youssef believes the upside momentum is weak due to the low trading volumes accompanying the recent price surge. Trading volume is an essential indicator of participation and interest among traders, and its low levels may indicate a lack of enthusiasm for Bitcoin’s recent gains. He stated:
“This btc pump has low volume, even the ordinals pump had more volume. I would beware and take a bit of profit. The empire shall continue striking back hard. Buy back later and keep a 2-year time frame always.”
Hence, a downward projection is anticipated in the crypto market, extending the waiting period for a bull run.
Crypto Market Reacts to BTC’s Price Trend
In the last 24 hours, Bitcoin’s value has dropped below $25,000, coinciding with an increase in on-chain activity from large cryptocurrency holders known as “whales.”
Santiment, an on-chain analytics company, has reported a significant surge in whale activity, reaching its highest point in four months. The “whale transaction count” indicator, which tracks transfers worth at least $1 million on the Bitcoin blockchain, shows a significant increase in such transactions.
Although the current situation is not certain, the accompanying price trend may provide some insight into the recent increase in whale activity. For instance, during a previous price drop about a week ago, whales carried out a significant number of transfers. Following this surge in activity, the asset hit a local low before rising sharply, indicating that these transactions were likely made to accumulate Bitcoin at low prices.
However, in the current situation, the asset’s value has declined since the spike in whale transactions, with Bitcoin’s price dropping below the $25,000 level. This suggests that a considerable portion of these recent transactions may have been made for selling purposes. Hence, a further uptick in whale activity may halt the potential crypto bull run.
Bitcoin (BTC) Price To Hit $100k in Upcoming Bull Run – Predicts Founder of Capriole Investments
The cryptocurrency market has been a rollercoaster ride for investors, with Bitcoin’s recent price movements causing a stir in the community. After a significant breakthrough above the psychological resistance level of $25k, hopes were high for a new bull run.
However, as the daily bar closed with a bearish outlook, that optimism quickly evaporated, leaving many traders scrambling to reassess their positions. As the market continues to fluctuate, the future of Bitcoin remains uncertain, with many investors eagerly anticipating the next big move.
According to the latest crypto market data, Bitcoin price rallied to as high as $26.5k after the release of CPI data, which matched expectations. However, the top digital asset by market capitalization declined to trade at around $24.6k on Wednesday.
Banking Crisis Causes Investors To Flock To Crypto
Confidence in Bitcoin has significantly increased following the collapse of three regional banks in the United States. Additionally, the largest shareholder of Credit Suisse, a bank with over $578 billion in assets, has indicated financial constraints to offer further support. As such, Credit Suisse’s shares, a bank that has existed for over 100 years, have declined over 96 percent from the ATH.
With more banks expected to announce financial bottlenecks in the near future, cash inflows to the top digital assets, including Bitcoin and Ethereum, are expected to rise exponentially.
Bitcoin’s $100k Roadmap
According to Charles Edwards, founder of Capriole Investments, Bitcoin price is en route to trade above $100k. Without stipulating the timeline for when Bitcoin will reach $100k, Edwards spotted a bullish pattern dubbed Bump And Run Reversal (BARR) on the weekly chart. With Bitcoin price bouncing off the weekly logarithmic downtrend, Edwards forecasts it is only a matter of time before the next exponential rally kicks in.
Notably, the analyst compared Bitcoin’s price with a chart pattern developed by Thomas Bulkowski, also included in his book “Encyclopedia of Chart Patterns”. The analyst cautioned traders as the chart pattern could fail as other macro fundamentals also influence Bitcoin price.
Solana (SOL) and Avalanche (AVAX) prepare for a bull run
The crypto industry is currently experiencing a shift in its market. 2022 came with various challenges and falls for the industry, regarded as the “winter season,” but 2023 seems better. The year began with solutions to problems and a change of season.
Cryptocurrencies are entering a new season and getting ready to double their previous performance. Avalanche (AVAX) and Solana (SOL) are two cryptos ready for a bull run as prices rise. HedgeUp (HDUP) is also not left out in this, as it is about to see a rise in its market cap to about $10 billion.
This article will explore why HedgeUp has its eye on a $10 billion market cap while Solana and Avalanche are on a bull run.
HedgeUp (HDUP) has increased in popularity, preparing its market cap for multiplication.
HedgeUp (HDUP) is a cryptocurrency platform that offers users diversity and the opportunity to pursue alternative investment plans. It is the first cryptocurrency-based alternative investment platform for investors, and HDUP makes crypto investment more entertaining and your portfolio more diversified.
HDUP is becoming a widespread cryptocurrency because of its diversified nature. Crypto investors now have the opportunity to invest in physical assets like gold, diamonds, fine art, luxury jewellery, etc. These rare assets can be acquired by investors and delivered to them. This has opened up the crypto industry to a world of big possibilities.
HedgeUp (HDUP) bridges the long-existing gap between cryptocurrency investors and traditional investors. It has opened a channel for traditional investors to leverage openings available in the crypto space.
Even though HedgeUp is still in its early stages, it has drawn interest from multiple investors. With its growing popularity, it is set to reach a market cap of $10 billion. HDUP is a crypto project that can improve and increase the number of investors in the crypto industry.
Solana (SOL) blockchain network upgrade makes it faster than Ethereum (ETH)
Solana (SOL) is a decentralized blockchain technology built to accommodate the existence of other platforms. With SOL, various platforms like decentralized applications (dApp) and DeFi are built on the blockchain network, giving room for blockchain interoperability.
The SOL blockchain network upgrades other blockchains like Ethereum (ETH), Bitcoin (BTC), etc. Yakovenko, one of the co-founders of SOL, initiated its use of proof of history to increase its speed and functionality. It was beneficial to the network since it became faster and more popular. Currently, Solana is regarded as the “Ethereum killer” because of its performance.
The Solana (SOL) network can handle more transactions than Bitcoin and Ethereum, which handle less than 50 transactions per second. SOL is capable of about 50,000 TPS, which makes Solana ready for a bull run in the crypto market.
Avalanche (AVAX) proposes to increase crypto’s interoperability.
Avalanche (AVAX) is an open-source blockchain technology that supports smart contracts in its ecosystem. AVAX allows users and developers to view, improve, and scale up its network. This makes it easy for various individuals to contribute to the platform’s success.
Avalanche (AVAX) intends to make blockchain more accessible and affordable to crypto users. Smart contracts built on the platform enjoy a secure and instant transaction operation. The fast and reliable nature of the Avalanche network makes it possible for users to run their transactions with ease.
The AVAX ecosystem creates a system of interoperability among several blockchains in its space. Its use of Solidarity Language makes it possible to integrate multiple blockchains simultaneously. Avalanche is ready to take off on its bull run with a platform that is fast, cheap, and reliable for users.
Avalanche (AVAX) and Solana (SOL) are cryptos that have improved blockchain usability and user effectiveness. These cryptocurrencies will witness a bull run due to their choice of opportunity and community structure. However, new cryptos like HedgeUp (HDUP) invade the market with better opportunities. Users see HDUP as a better choice considering its alternative investment opportunity. HedgeUp has hit the market hard and will experience an increased market cap.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
Massive Stablecoins Flew into the Exchanges, Is the Market Preparing for A Fresh Bull Run?
The stablecoin dominance has increased drastically in recent times which has also impacted circulation. Recently, the supply of stablecoins on the exchanges has marked new highs, meaning, the traders are constantly transferring their stablecoins onto the exchanges. While, some may believe it is a bearish factor for Bitcoin and the other altcoin price, the crypto markets, in fact, may rebound from the bearish trend and rise high.
The stablecoin netflow has crossed $1 billion based on some popular on-chain platforms. The On the other hand, the BTC inflow to the exchanges remained relatively low, indicating the traders accumulating and holding BTC for a longer time.
The rise in the exchange balance reserve indicates that the traders are preparing to accumulate Bitcoin and other altcoins that may have a massive impact on the values of the major cryptos. This also indicates the surging buying power of and the demand for cryptos, which may drive the prices higher soon. At the same time, Bitcoin inflow to the exchanges has reminded relatively low.
Also, the whales have been accumulating USDT as the address holding large volumes of USDT has surged. Collectively, the rise in the stablecoin’s dominance has elevated its reserve within the exchange. All the signals are pointing towards a decent upswing which may get intensified if the bulls play a major role.
Bitcoin (BTC) Bull Run Under Threat: Analytics Firm Raises Red Flags
The Bitcoin price has experienced strong resistance around the $24k level despite rallying towards $25k in the last three weeks. The new year crypto rally is still valid, with Bitcoin forming higher highs and higher lows on the daily time frame, a characteristic of a rising trend.
According to analysts at Eight Global, the Bitcoin chart shows that we have a set of equal highs at the top of around $25,200. A similar bullish sentiment was shared by Kitco senior technical analyst Jim Wyckoff who indicated that bulls still have the overall near-term technical advantage as a price uptrend is in place on the daily chart.
“If they want to stay in control, Bitcoin bulls need to show more power soon to keep the uptrend alive and their technical edge,” Wyckoff noted.
Bearish Trends Prevail
The Bitcoin uptrend thesis is, however, at stake as on-chain analytic firm Santiment identified a significant decline in Bitcoin whales.
“The amount of existing whale Bitcoin addresses are continuing to sink, with 2,011 existing compared to 2,266 that existed one year ago today. 2,489 was the AllTimeHigh set on February 8th, where prices jumped +70% in the following 10 weeks,” Santiment noted.
Reportedly, the Bitcoin whales’ addresses have hit the lowest since 2019, thus indicating a possible price reversal.
Bitcoin’s daily RSI indicator shares a similar bearish sentiment. Notably, Bitcoin price on the daily time frame could be forming a possible head and shoulder pattern with the RSI indicating a falling divergence. A price reversal usually follows the combination of these two aspects.
As such, the possibility of Bitcoin prices falling below $21k cannot be entirely ruled out in the near term. Analysts are closely monitoring the $23k support level to identify possible breakouts.
Dogecoin to the Moon: Tesla’s Investor Day Could Hold The Key To A Fresh Bull Run
In the world of cryptocurrencies, Dogecoin has once again captured the spotlight as it prepares for another potential bull run. With Tesla’s Investor Day right around the corner, many experts believe that the meme coin has the potential to surpass Cardano (ADA) in terms of market cap.
Let’s explore.
Could Tesla’s Investor Day Trigger A Bull Run?
Right before Tesla’s Investor Day, Dogecoin managed to flip Polygon and Binance USD in terms of market cap. This has sparked excitement among Dogecoin investors as they believe that Tesla’s Investor Day could push the meme coin towards another bull run.
With the Doge community rebounding on social media platforms like Twitter, Reddit, and TikTok, its social sentiment has increased the adoption rate of this crypto to new highs over the years, making it one of the most sought-after cryptos in the market today.
A Slow Start for Dogecoin in 2023
The year 2023 has been a slow start for Dogecoin and the rest of the crypto market. Its social sentiment has been on an uneven path for the past few months, with the last significant surge seen back in October 2022 when Tesla’s CEO Elon Musk completed his takeover of Twitter. Despite this slow start, Dogecoin is slowly regaining its status, and experts believe that the price could see another bull rally soon.
Dogecoin’s Rise to Popularity
Since its inception, Dogecoin has proven to be a worthy investment option for investors. It is a decentralized, open-source crypto designed to facilitate the transfer of value quickly, efficiently, and securely. Its popularity surged across social media platforms thanks to its fun logo of a Shiba Inu dog, high celebrity endorsements, and support from a dedicated Dogecoin community.
The increased hype and popularity of Dogecoin made it a viable payment alternative with low transaction fees for merchants across the globe. Over 1900 merchants accept DOGE as payment, including established names like Tesla and the Dallas Mavericks. Crypto is also used for tipping services, allowing Reddit and Twitter users to send quick gifts to other users.
Whale Transfers Spark Interest
One of the biggest Dogecoin whales transferred nearly 191 million Dogecoins worth $15.5 million from a decentralized platform to the leading cryptocurrency exchange Binance during the early hours of Feb. 26th.
The transfer was initiated in a single transaction, and the whale is among the top 20 biggest holders of Dogecoin in existence. This transfer comes a day after another whale moved 359 million Dogecoins in three different transactions on Feb. 24th.
At press time, DOGE is worth $0.081 and is the ninth-largest cryptocurrency by market capitalization.
Crypto Markets Live: Is a Bullish February Close an Indication of the Start of a Bull Run?
The crypto market is approaching yet another monthly close, which is largely expected to be bullish. The month of February has been bullish, recording huge gains regardless of the trend of the previous month. By registering two consecutive bullish monthly closes, it can be derived that the crypto markets may have risen beyond the bearish captivity.
But how long will the bullish trend continue? What if history repeats itself? Will the crypto markets again fall into a deep bear market?
The historical price action of the crypto space suggests that February has been a bullish month, recording an average gain of 187.83% since 2011 with an average of 12.52% per year. Excluding the 2018 bear market, where-in their action was witnessed in the first few weeks of 2018, the crypto markets recorded magnificent gains for the rest of the year.
Woefully, the markets have surged just 2.12% compared to the previous 39.83%, and hence the fear of a bearish close still haunts the token.
Referring to the above chart, it can be assumed that after February, April may incur equivalent or higher gains, as March may remain consolidated or bearish. Moreover, in the acute bearish case, the entire Q2 has been heavily bearish in the past couple of years. Therefore, it is very much important for the crypto space to remain bullish until the monthly close as a fine upswing could be ignited ahead.
Collectively, Bitcoin prices are becoming unpredictable day by day and the historic profit and loss chart above substantiates this claim. 2021 was marked as one of the bullish years but still, Q2 registered a massive price slash. Besides, March has been bearish for ages and a bearish close for February may fuel the bearish market sentiments.
Here’s When Actual Bitcoin Bull Run Might Start: Analyst Predicts Timeline
With the price of Bitcoin and other cryptocurrencies falling, the cryptocurrency market is being shaken up. At the time of writing, the price of bitcoin has slightly traded above the $23,000 mark and has lost close to 2% of its value over the past day. Also, the daily chart shows that the bearish action may extend below the $23,000 support level.
Recently released macroeconomic data that indicates a faltering economy may have been the root cause of this. Quarter-over-quarter GDP growth fell from 3.2% to 2.7%
A popular cryptocurrency analyst has predicted that Bitcoin (BTC) will likely experience a big midterm increase. According to Altcoin Sherpa, Bitcoin is expected to drop before experiencing an upside breakout.
He said that as for BTC, his area of interest is $21,500. The analyst said that BTC is getting closer to the HVN (high volume node) area and the 200-day EMA [exponential moving average]. In these circumstances, the price can still move higher overall even after a 15% retracement. However, he still thinks BTC will finally reach $30,000 in the midterm.
HVNs are price zones where there was a high volume of activity, indicating periods of
consolidation that serve as support or resistance. If Bitcoin follows Altcoin Sherpa’s forecast, the market leader might first fall to a price of $21,500 before rising to a price of $30,000, indicating an upside potential for BTC of around 40%.
Another analyst is concerned that many traders are currently losing money in the cryptocurrency markets. Altcoin Psycho claimed that January was a profitable month, but February came without warning.
“After almost a full month, BTC is still at the same level as February. Monthly Open. Late bears and bulls alike have been punished by a chop.”
Crypto Expert Forecasts Bitcoin Bull Run: BTC Price To $40,000 By Mid-2023
Positive market sentiment can be seen in 2023 as Bitcoin’s price has increased from $16,500 to $24,500 since the beginning of the year.
The present market has prompted one prominent cryptocurrency trader and analyst to share his bullish outlook on Bitcoin (BTC) as the flagship cryptocurrency attempts to break above its resistance level of $25,000.
The crypto analyst who goes by the alias Kaleo told his followers on Twitter that the price of bitcoin is getting closer and closer to the $40,000 mark.
Here’s his stance on the BTC movement before halving.
At the time of writing, Bitcoin was trading for $23,888.01 with a 2.16% daily drop. However, according to Kaleo, a rally above $40,000 could be in store “over the next several months.”
Kaleo’s chart projections suggest that the crypto asset could hit the high $30,000s and low $40,000s between April and July of 2023. Following this rally, Bitcoin would likely retrace to the mid $20,000 range heading into 2024 before beginning a bull run that culminates in a new all-time high by late 2024 or early 2025.
In light of this, Kaleo offers a roadmap through the next halving, with new all-time highs on the horizon. Though it may feel far off and challenging, it will all happen in the blink of an eye.
$26K or $30K: Where it will leg up?
Kaleo elaborated on his short-term forecast, stating,
Bitcoin may compress back to $26,000 to retest the upper barrier on a long-term basis, according to the pseudonymous crypto analyst and trader. A breakthrough from this pennant pattern is projected to be followed by a retrace to the high $24,000s and choppy activity in the upper range before a leg up to $30,000.
The analyst will only consider altcoins once Bitcoin dominance is above 50%. According to his analysis, he will consider BTC once its Dominance is predicted to rise with Bitcoin’s strength, and a return to above 50% dominance is needed before considering most altcoins again.
Top Reasons Why Bitcoin May Start a New Bull Run Very Soon
Throughout the entire year of 2022, Bitcoin struggled. However, recent on-chain market statistics indicate that the top cryptocurrency by market capitalization has begun to show signs of improvement. The whole digital asset sector has suffered greatly during the bear market of 2022, with prices for both BTC and ETH falling by more than 75% from their all-time highs. Here are certain specific on-chain data, which may justify Bitcoin’s bull run theory, as highlighted by Cryptoquant.
Bitcoin Has Hit Rock Bottom in Current Cycle – On Chain Metrics
Bitcoin has gained around 12% since last week and is already challenging the $25,000 mark. The price of BTC has not been this high since mid-June 2022. Midway through January, the MVRV ratio for Bitcoin began to surge over 1, a sign that the price has already bottomed and begun a bull market cycle. At 1.22, the ratio is still low enough for investors to take advantage of the opportunity.
The percentage of the BTC supply held by long-term holders (LTHs), despite the active negative trend, is currently close to all-time highs. LTH supply only decreased by 1.3% after the FTX fall, indicating that HODLer’s belief is still very strong. 82.2% of the supply is now owned by LTHs, with 34.87% of that being held at an unrealized loss.
The net unrealized profit and loss (NUPL) display the overall profit and loss in all Bitcoin currently in use. Investors are in the black when the value is more than zero, and more investors are starting to be profitable when the value is trending upward. The value is currently 0.18.
The Puell Multiple, which showed a bottom formation in January, is currently 1.07, indicating a positive trend. It is the ratio of daily issuance to daily issuance moving average and verifies whether the price of Bitcoin is excessively high or excessively low in comparison to previous rates. Readings below 0.5 signify the formation of a bottom.
Shiba Inu Price On The Next Bull Run If It Stays Above This Level
Like every other cryptocurrency, Shiba Inu too started the year 2023 on a recovery cycle. The second largest meme currency even managed to hit a high of $0.0000155. However, since then Shiba Inu’s SHIB has been on a bearish momentum.
Currently, Shiba Inu is selling at $0.0000124 after a drop of 0.65% over the last 24hrs. This $0.0000120 support is a crucial area as this price level has been support and a resistance in the last six months. Hence, if Shiba Inu falls below $0.0000120, the price could further drop at $0.0000102 and if it moves north SHIB could once again trade above $0.0000155.
Shiba Inu Price Towards Its Next Bull Run ?
The short-term six-hour time frame indicates that the currency had completed its five-wave upwards trend which pushed the price above $0.000055 on Feb 4. Hence, if Shiba Inu successfully claims above $0.000055 area, it suggests that the correction is completed and SHIB will soon move towards its next bull rally of $0.0000180.
On the other hand, what needs to be looked at is the reason for Shiba Inu’s current bearish pull back. As per the data one of the main reasons for the currency’s negative price trend is the decreased excitement around Shibarium launch. Even though Shiba Inu lead developer Shytoshi Kusama recently claimed that the Shibarium might be launched by May, the traders and investors still speculate the claim.
Even though the lead developer has asked the community to stop worrying about the launch, as per the reports the Shibarium launch is one of the most looked forwards projects. While the SHIB community gets impatient with the launch, there is no exact date revealed by the team.
Now, if the launch happens by May as per the claim Shiba Inu price might soo see its next bull run
XRP Bull Run Triggered, Price to Form New ATH Above $10 Soon
-
XRP price has maintained acute strength throughout the crypto market’s turmoils, displaying immense strength.
-
The upper hand gained in the lawsuit against the SEC could have been the catalyst for the XRP price growth in the coming days
Since the XRP price has been confident in resuming the bullish trend, the bulls have kept the price above the support levels. The sentiments turned extremely bullish after the SEC’s arguments against LBRY were scrapped labeling the token as ‘not secure’. Since then the XRPArmy has hopes for a similar outcome in the case of the Ripple vs SEC case – which has fueled the price to a large extent.
The price after a couple of bearish daily closes found a base to trigger a rebound. The XRP price is currently testing one of the important levels at a 50-day MA and attempting a rebound. However, the crypto is flashing an extremely bullish indicator, observed by a well-known analyst anonymous called Dark Defender who predicts XRP price to trade between $13 to $22 soon.
“ XRP is following our path in smaller time frames like 4-hour, which we called C Wave towards $0.3762 (done) & $0.3602.
Wave Trend indication in the monthly time frame is close to the same area where the XRP bullrun started in Jan-2017 & Jun-2020.
Road to $13-$22!”
The analyst here points out the monthly MACD wave which is turning bullish. Previously, when the MACD turned bullish in October 2020, the token underwent a bull run and spiked by more than 900% to mark highs close to $2. Moreover, the price is trading along the lower ascending trend line based on which the impending 10x to 15x rally may land the XRP price beyond a double-digit figure in the near future.
Bitcoin Price To Regain Its Bull Run Above This Level
Today the Crypto market has turned into a bloodbath after most of the cryptocurrencies have extended their loss. After Bitcoin price started the year on a much positive note, it gave traders a hope for a major bull run. However, with its current trade action the market participants are once again doubting the crypto market stability.
This crypto market clash was followed by SEC’s crackdown on Kraken for its unregistered sale of crypto staking. At the moment, Bitcoin is priced at $21,800 after a decrease of 4.23% over the last 24hrs.
Bitcoin Juggles Between Bears And Bulls
Meanwhile, a renowned crypto analyst and trader known as Rekt Capital warns his followers over Twitter that Bitcoin might soon lose its major support area. As per the analyst Bitcoin needs to maintain its price action above $22,692 to keep the bulls active.
However, on the brighter side the trader still shows hope as he claims that the flagship currency still has a chance to regain its lost bull ride. Hence, he believes that the above said is the major level to watchout for.
Next, the analyst makes an effort to make his followers understand about crypto trading psychology. As per Rekt Capital, once a trader experiences a positive trade, the wish to get more of such trade increases. But the analyst urges to go against it and let go of that desire. This is because he believes that the next trade will be a more logical one rather than emotional.
On the other hand, the trader also warns not to get carried away by Fear of Missing Out (FOMO).
Hence, the next few days are very critical for Bitcoin price which will decide the future price action.
Get The Most Out Of The Next Crypto Bull Run With PrimeXBT Margin Trading
After massive rallies in January 2023 across Bitcoin and altcoins of all kinds, investors are increasingly considering the possibility that the bull run in crypto is back.
If bulls are back in control, the PrimeXBT margin trading platform is the best place to get the most out of the next uptrend while providing the flexibility necessary in case crypto winter continues.
Crypto In 2023: By The Numbers So Far
All across the crypto market, assets have posted enormous rallies in a single month. Extremely oversold conditions and low volume left bears exposed to a potential bullish reversal. But bulls must continue the trend from here.
It’s a little too early to tell for sure, but tokens like Solana and Decentraland closed the month with roughly 150% ROI. It can take some stocks or commodities several years to see similar performance. However, such numbers are commonplace in a raging crypto bull market.
It wasn’t just altcoins –– top coins by market cap like Bitcoin and Ethereum each closed the month up nearly 40% from local lows. Daily readings on the Relative Strength Index reached the most overbought levels since the last bull market. The aggressive buying could be a sign to go long, but still, traders are hesitant, and rightfully so.
Is The Bull Run Back, Or Is This A Bear Market Bounce?
Despite the recent upside and more dovish tone from the Federal Reserve, traders are skeptical of a new bull market with so much recession risk and inflation still a factor. Tensions are also increasing between the US and China, and US corporate earnings have begun to slide.
If January’s performance were merely a bear market rally or dead cat bounce, traders would want to short cryptocurrencies instead. February’s close and the following month in March will provide more clarity on if the market is bullish or bearish.
Whatever the outcome, innovative PrimeXBT trading solutions give users the flexibility to trade in both directions, profiting from each major price swing. Traders can be ready and long for when the bull trend begins or short cryptocurrencies down to new lows.
Buy Pullbacks And Get Prepared For The Bull Market
If you don’t have any crypto, you can buy the dip with the PrimeXBT app. If you do, don’t sell your crypto right before a bull market breaks out or at current lows –– use them as collateral instead to trade cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more using leverage.
Deposits are made to a secure crypto wallet in BTC, ETH, USDT, USDC, and other popular cryptocurrencies. Funds are protected by cold storage and bank-grade security protocols. Withdrawals require a four-digit PIN and a whitelisted address for added safety. There is also 24/7 customer service and a comprehensive help center.
The user interface is highly customizable and includes built-in charting software with drawing tools and access to technical indicators like the Parabolic SAR, Bollinger Bands, and many others. It’s also possible to create a personalized watchlist.
Additional Innovative Cryptocurrency-Based Services
PrimeXBT is the only crypto trading platform that also supports traditional trading instruments like stock indices, commodities, precious metals, and forex currencies. Users can build a portfolio that includes Bitcoin, gold, oil, the S&P 500, and more, all under the same roof.
A peer-to-peer copy trading community is also a primary feature. Followers can automatically copy the trades of top-ranked strategy managers who show strong performance in the fully transparent leaderboards. Each successful trade earns both the follower and the strategy manager a portion of a profit share model.
Risk-free weekly trading competitions are available at PrimeXBT Contests, offering an opportunity for users to win crypto-based prizes. Because traders are given no-risk virtual funds, they can also use the service to practice trading strategies or backtest performance.
Summary
The award-winning PrimeXBT has more features under the hood, such as a four-level referral program, an exchange tool for swapping one cryptocurrency for another, and an educational website called the PrimeXBT Trading Academy. Primary tools like long and short positions on leverage, copy trading, and built-in technical analysis software provides traders with the competitive edge they’ve been looking for.
If the crypto winter is over and a new uptrend is beginning, there is no better place to get the most out of the next crypto bull run than with the powerful PrimeXBT margin trading platform. Try PrimeXBT today –– recognized as the Most Trusted Crypto Asset Trading Platform of 2022 by Crypto Expo Dubai.
The Bull Run May Continue Despite the Negative Mood Surrounding Bitcoin, Here’s Why
Bitcoin is off to a good start this year, presumably shaking off whatever bad sentiments it may have picked up last year and on the cusp of its longest winning streak in almost ten years. The likelihood that the 2023 bull run will continue is rising, according to a top analytics company, as negative sentiment against Bitcoin (BTC) and the crypto markets as a whole is generally increasing
Santiment reported, “Trader skepticism IMPROVES the probability of prices RISING further. Prices generally will move in the direction the crowd deems most unlikely.”
The fundamentals of Bitcoin are strong and according to Santiment, BTC’s current supply has been transitioning towards self-custody. This indicates that traders are still withdrawing good sums of Bitcoin from exchanges and choosing to hold the cryptocurrency privately rather than using exchanges to store it.
“There is now $416.5 billion in BTC sitting away from exchanges, and $29.2 billion in BTC on exchanges. So there is 14.26x the coins off exchanges vs. on.”
Best and worst coin sentiments
The coins with the best and worst sentiment over a three-month period have been identified by new data from SmartBettingGuide.com (Oct 2022-Jan 2023). The analysis identified the coins with the most and least positive online dialogues after analyzing over 840,000 editorial and social media posts.
The coin with the most favorable cryptocurrency sentiment is Uniswap, which leads the list. Uniswap has been created to be easy to use and is fully compatible with all ERC-20 tokens. It also features a user-friendly design that is simple to use. Ethereum is ranked second in the top ten rankings of public support.
Polkadot has the highest negative sentiment and is at the top of the leaderboard. Solana is divisive and ranks second with 8% on both our lists of the top ten positive and negative assets.
BabyDoge Is The Next Fav Coin To Buy For The Next Bull Run
The crypto market is currently hovering between bulls and bears. A few crypto like Bitcoin, Ethereum, BNB, Solana have slightly gained while a few others like XRP, Cardano, Dogecoin, Shiba Inu have dropped in the last 24hrs. When looking at dog-themed altcoins, Baby Doge Coin created by Doge meme lovers has outperformed Shib Inu and Dogecoin.
Currently, Baby Doge Coin is trading at $0.000000003202 with a surge of 10.34% over the last 24hrs.
BabyDoge Outperforms SHIB And DOGE
As of Feb 5, the Baby Doge Coin was among the top gainers in terms of dog-themed cryptocurrencies after its price spiked nearly 60%. In the last seven days the Baby Doge Coin has gained 102% outcasting its competitors Shiba Inu and Dogecoin.
Meanwhile, a recent Twitter poll has claimed that Baby Doge Coin is the next dog coin to buy, leaving behind Shiba Inu and Floki. As per the poll that concluded on Feb 4, had nearly 35,000 votes, and BabyDoge was the winner with 44% votes. SHIB, FLOKI and Dogecoin gained 25%, 20% and 12% respectively.
The same result was also shared by the BabyDoge team showing gratitude to the crypto community and Cointelegraph.
However, these poll results are not the final one as the votes keep varying. For example, in the previous poll conducted by the same news portal, Floki Inu had ranked 1st with 34% of the votes.
On the other hand, the BabyDoge has already burnt 202 quadrillion tokens from a total supply of 420 quadrillion. Also recently, Baby Doge Coin’s decentralized exchange, Baby Doge Swap was successfully integrated into OKX exchange.
Nevertheless, it’s always important to do your own research before investing in any of the cryptocurrencies.
The Crypto Bull Run May Not Prevail this Month as in January- Will the Bears Take Back the Control?
The post The Crypto Bull Run May Not Prevail this Month as in January- Will the Bears Take Back the Control? appeared first on Coinpedia Fintech News
It is pretty difficult to predict the short-term behaviour of the crypto prices within an uncertain environment. Just last month, the market was extremely bullish as the prices jumped steadily. However, the trend may not remain the same this month as the bears or the forces driving the prices lower may regain dominance and reverse the upward trend. However, the small and the mid-cap altcoins have displayed notable strength which suggests the flow of liquidity within the markets.
Data from Santiment suggests the trader’s sentiments have flipped slightly from being extremely bullish to slightly bearish. The flipped sentiments may have restricted the crypto markets to testing the next higher targets. Hence the price of the top cryptos is believed to remain consolidated while the small to mid-cap altcoins may swell their market capitalization in the coming days.
“February hasn’t seen a repeat of excitement for Bitcoin or Ethereum like we saw in January. But altcoins like HEX(+64%), TMG(+7-%), and GRT(+66%) have had other plans this past week. Be cautious, though, when money is cycling into mid-small caps without top cap rising,”
The crypto markets have become highly volatile being practically not possible to predict its upcoming trend. Some of the altcoins such as Litecoin, Aptos, Shiba INU, and XRP are receiving more attention at the moment. Therefore, a notable rally may kick in if the BTC price continues to maintain about $22,800 until the day close.
Morgan Creek CEO Predicts Early Start To Bitcoin’s Bull Run; Here’s Why
The year 2023 has started off relatively well for the cryptocurrency industry. The market appears to be recovering from the unprecedented FTX collapse, with major token prices beginning to rise. BTC, one of the major tokens, is now worth $23,335; significantly higher than $16,547, which was its price at the end of 2022.
The community is optimistic and anticipates further gains in the crypto industry across various tokens. Here’s what Yusko has to say about it.
What is Bitcoin halving and when is the next one?
The Bitcoin halving occurs when the reward for Bitcoin mining is cut in half. Every four years, the amount is halved. The halving policy was incorporated into Bitcoin’s mining algorithm to combat inflation by preserving scarcity. In theory, a slower rate of Bitcoin issuance means that the price will rise if demand remains constant.
Given that new Bitcoins are mined every 10 minutes, the next halving is expected in early 2024, when a miner’s payout will be reduced to 3.125 BTC.
Mark Yusko’s prediction for BTC
According to Mark Yusko, founder, and CEO of Morgan Creek Capital Management, Bitcoin’s bull market will likely begin sooner than expected due to anticipation of the BTC halving and favorable macroeconomic conditions.
Yusko believes that the next crypto bull run, or “crypto summer,” could begin as early as the second quarter of this year due to a combination of dovish central bank policies and the anticipation of Bitcoin halving.
While the Federal Reserve of the United States is unlikely to cut interest rates anytime soon, markets, according to Yusko, tend to anticipate the Fed’s decisions. That means that even a slowing or halt in interest rate hikes would be interpreted as a sign of an impending pivot. This would create a positive dynamic for all risk assets, including cryptocurrency.
What’s Elon Musk’s POV?
Elon Musk, in a separate Twitter post, stated that if the Fed raises interest rates, the chances of a recession intensify. According to the post, “if the Fed raises rates again next week, the recession will be greatly amplified.” Elon Musk predicted that the recession would last until the spring of 2024.
Evidently, this is in stark contrast to Yusko’s opinion.
To conclude
In general, Bitcoin halving is regarded as a good economic model because it exerts disinflationary pressure on the digital currency, allowing it to appreciate in value over time. Yusko predicts that halving can be beneficial for the prices of cryptocurrency and help the market.
It’s exciting to see differing perspectives and potential outcomes for the crypto market. We would love to hear your thoughts and opinions on the matter.
This is When Cardano (ADA) Price May Ignite a Bull Run and Rise Beyond $1!
The post This is When Cardano (ADA) Price May Ignite a Bull Run and Rise Beyond $1! appeared first on Coinpedia Fintech News
Cardano is enjoying a bull ride as the market sentiments flip significantly soon after the launch of its algorithmic stablecoin Djed in collaboration with COTI. Soon after the launch, the reserves swelled to over 28 million in ADA with a reserve ratio of 636%. Moreover, the fresh FOMC interest rates ignited a significant rally beyond $0.4 for the first time since November 2022.
The ADA price began to break out from the bearish trendline ahead of the release of the fresh interest rates and on the announcement soared high slicing through the crucial resistance at $0.39 that it was stuck for the past few days. However, the bullish sentiments appear to have out shadowed the bearish clouds but, the ADA price is required to surge another 15% to trigger a significant bull run.
In the higher time frame, the ADA price has broken out of the crucial zones that were mandatory to cease the prevailing bearish pressure. The upswing enabled the price to rise beyond the descending broadening wedge with an impulsive rebound. The MACD turned bullish by forming a golden cross indicating higher possibilities of an upside swing toward the upper target area.
Moreover, the other technical and fundamental upgrades that drive ADA price higher could be a bearish outlook with the U.S. dollar and a lowered interest rate hike in the coming days. Nevertheless, the recent breakout has flashed possibilities of ranging beyond $0.42 which may further test the trend reversal zone around $0.46. If the bulls maintain their strength around these levels, then a notable upswing may spark driving the price beyond $1 before the end of Q2 2023.
Dogecoin on the Edge of Massive Explosion! Will DOGE Price Reach $1 This Bull Run?
Dogecoin, the 9th-ranked asset, has jumped more than 10% at the moment and is heading strongly towards the crucial levels at around $0.1. Interestingly, the DOGE community appears to have activated as the trading volume has jumped over 200% to reach $1.5 billion, largely dominated by the bulls. The price is currently discovering new highs for 2023, displaying the possibility of a continued upswing ahead.
The DOGE price is in the process of breaking above the falling wedge, which is largely considered bullish. The price after a breakout may rise beyond $0.11 levels and test the crucial resistance at $0.14, slicing through the pivotal zones at $0.12. In the meantime, the DOGE price against BTC is testing some crucial zones.
As per a popular analyst, Bluntz, the DOGE/BTC price is all set to undergo a massive breakout that may ignite a 100% upswing throughout Q1 2023.
“Admittedly doge/usd looks like a hot fucking mess to my eyes but doge/btc OTOH looks gearing up for a revenge pump of probably 100% or more.
Would be negligence on my part if I did not have a bag of this,”
Dogecoin is one of the first altcoins to bounce back which is trading within crucial levels at the moment. These levels have been acting as a barrier for almost a year and holding beyond these levels could lay down a notable upswing beyond $1 as predicted by an analyst Captain Faibik.
Following the speculation of a massive upswing, Dogecoin whales became active and transferred nearly 450 million tokens for $40 million. The top 20 wallets swapped a token to an unknown wallet with a fee of 1.01 DOGE worth $0.09. Collectively. Dogecoin’s (DOGE) price is believed to maintain a notable upswing in the near future.
Ripple vs SEC-Final Countdown Begins, Will Exchanges Relist XRP or Will Price Miss Another Bull Run?
XRP appears to be largely unaffected by the ongoing bearish market sentiments as the prices continue to hold the crucial $0.39 levels. The positive market sentiments are slowly coiling up for the crypto as the latest hearing of the LBRY vs SEC lawsuit has planted fresh hopes of victory.
As previously mentioned by Coinpedia, January 30-LBRY’s hearing was extremely crucial for the Ripple vs SEC case. John Deaton, the XRP army representative in court placed a strong argument due to which LBC tokens were declared ‘not security’ by the judge. The repercussions of this case are expected to display in the Ripple vs SEC case which is expected to find its closure soon.
With the positive outcomes of the lawsuit emerging, the XRP price gained significant bullish momentum, The weekly chart of the XRP is painted in green, while the resistance is closer to the support. Once the price strikes the resistance, a bullish trend may begin in form of Wave 3.
A popular analyst anonymously called ‘Dark Defender’ referring to the above chart says that the XRP price with the current rebound has begun its journey in Wave C. Therefore, continuing within the same trend may result in the price slicing through $0.4 levels and marking highs around $0.42. He does, however, include a bearish clause and warns that in the event of a rejection, the price must hold the $0.3762 and $0.3602 levels.
“Hi there, XRP started & touched $0.38593 with Wave C. We are tried $0.42 & couldn’t break.
RSI in 4H says we are in the oversold area; however, let’s keep an eye on both $0.3762 & $0.3602.
We’ll welcome Wave 3 in days. Cheers!”
Therefore, the crypto markets, specifically the XRP price appears to have been surrounded by positive market sentiments and hence a significant upswing could be imminent.
Crypto Markets Turning Greedy-Is it an Indication of the Start of a Bull Run?
The altcoins in the crypto space have flipped slightly as the bears are slowly gaining their dominance back. The Bitcoin price after trading close to $24,000 has dropped significantly in the past few hours and plunged below $23,000. However, the other major altcoins like Ethereum, Cardano, XRP, etc have been displaying enough strength as they continue to sustain above their gained levels.
The market sentiments are changing gradually, as the FUD appears to have flushed out largely. Meanwhile, the fresh spike has raised the speculation of Bitcoin price soaring beyond $25,000 due to which the markets now appear to have become greedy. With the rise in the Fear and Greed indicator, the markets are believed to remain bullish for some time ahead.
The Fear and Greed Index is a tool that helps investors to understand the sentiment of the market. It indicates to what extent the markets can be fearful and greedy. Presently, the index points towards 51 which is within the range of being greedy. The levels have now marked a 14-month high after being within an extreme fear for over 9 months. The last time, the index pointed to greedy levels was just before the beginning of the bear market in November 2021.
Today, the Fear and Greed Index marked a high around 65, despite the fresh BTC price reversal. Therefore, it can be assumed that the market participants are still bullish on Bitcoin. Hence a notable upswing may prevail that may rise the price significantly toward the interim target of $25,000.
However, Bitcoin’s (BTC) price is priced at $38,000 lower than November 2021 levels and 65% below the current ATH. Therefore, the greed levels may rise in the coming days which could spark a notable rally ahead.
Could Meta Masters Guild Become the Next Big Thing During a Bull Run? Price Predictions for MEMAG
P2E games are redefining the entire entertainment industry. The video games market is one of the hottest forms of entertainment out there, with the market growing enormously in size over the years. It’s been a long time coming and this expansion of the video games industry is not slowing down. It is only going to grow as technology improves and becomes more accessible.
P2E is going to be one of the factors that transform the video games market. This trend has come about in the past 18 months or so, and it too has a lot of improvement to go through. One of the projects doing this is Meta Masters Guild, which is a Web3 mobile gaming guild.
We explain all about Meta Masters Guild here, including how it is tackling some of the major issues prevalent in the video games industry today.
The video games industry has been growing at an exponential rate and, to its credit, it has done this through the hard work of developers and innovative ideas. However, this expansion has come with some side effects.
Meta Masters Guild takes a tough view on these side effects and it criticizes the gaming industry heavily when discussing these. Its description is that the gaming industry is “among the most predatory industries in our world today.” They cite the release of unfinished games or poor-quality games and predatory monetization techniques as some of the biggest issues in the industry.
Meta Masters Guild wants to change all that with its gaming platform, taking into account players’ feedback and giving them a chance to earn from something they love doing. They primarily want to create games players can enjoy, allowing them to put money into it to earn from that investment. They are clear in their belief that the games must come first, however, and that the earnings are independent of that.
That’s why Meta Masters Guild calls it the Play-and-Earn model, not the Play-to-Earn model. Players earn play games not to earn, but because they enjoy the game – and it just so happens they earn from partaking in their favorite hobby.
What is the Meta Masters Guild?
Meta Masters Guild is a mobile gaming guild for Web3. It has a bunch of games and features that will incentivize players to participate in the ecosystem, and through it aims to be the “future of P2E.” The project is putting together numerous ideas into one cohesive unit, which creates an ecosystem with individuals that play off of each other very well.
The project will feature NFTs that will have their own value. Players will have multiple ways to earn in addition to these NFTs. This will give NFT collectors a reason to enter the Meta Masters Guild ecosystem.
Most importantly, Meta Masters Guild is creating games that can be enjoyed on their own. The team believes this is critical to getting people onto the platform. These games will offer the ability to earn, stake, and trade.
The Features Meta Masters Has to Offer
As a playground for Web3 enthusiasts, Meta Masters Guild will offer players a wealth of opportunities to invest in the gaming space It is the world’s first mobile-focused Web3 gaming guild, as we mentioned. The mission has been described as building “high quality, blockchain integrated mobile games that will form a decentralized gaming ecosystem, allowing members to sustainably earn rewards in exchange for their contribution to the ecosystem.”
Among the features that Meta Masters Guild has to offer are
- The ability to play games to win gems
- Exchanging those gems for MEMAG tokens
- Winning or buying NFTs from a store
- Staking tokens and NFTs to earn yields
- Exchanging MEMAG for other tokens like ETH and USDT
These features are designed on the idea that fun comes first, players truly own their assets, communities drive the games and, of course, gamers can play to earn rewards.
What the team is trying to do is create games that can stand on their own, with the fact that you can earn from them being ancillary. They want the assets that players earn to be fully tradeable. The community will be centrally involved in the decision-making process that drives development.
The Meta Masters Guild Ecosystem
All of the features in the Meta Masters Guild ecosystem will be powered by the MEMAG token, which is currently undergoing its presale. Players will earn in-game rewards in the form of Gems, which can be converted into the MEMAG token. Then, they can cash out or reinvest these tokens into the Meta Masters Guild ecosystem. The idea is that this will incentivize players to spend more time and resources in the ecosystem because it compensates them fairly.
There will also be premium, in-game NFTs that can be purchased from the Meta Masters Guild store. These will be stored in the wallet and can be used in games. Premium items have better stats and will give players a better chance of winning various games and, in turn, increase the number of gems that they earn.
One thing to note is that the team is working with developers to create a strong ecosystem. It is encouraging developers to work with them to build good games. Partnerships are on the cards. Players who are highly skilled at a game will also be rewarded for their efforts. Top-level players will receive better rewards and the Meta Masters Guild team wants to foster an eSports scene.
There will also be an effort to support eSports teams and content creators. The project will support any official eSports team and any creators who wish to play its developed titles.
Meta Masters Guild has also had its contracts audited and verified by SolidProof, with the team’s KYC credentials checked by Coinsniper.
Meta Masters Guild Already Has a Bunch of Games
The developer of actual games that are very playable is the number one priority for the Meta Masters Guild. There are three games that have been announced so far: Meta Kart Racers, Meta Masters World, and Raid NFT. These are very different kinds of games and will go a long in creating variety.
Meta Kart Racers is a racing game developed by Gamearound which is in the early stages of development. Built for mobile devices, this PvP game sees players compete against each other in the Meta Kart Championship. Players will have to escape from the evil Meta overlords. For their success, they will earn gems that can be traded for MEMAG.
Meta Masters World is a metaverse that has an expansive world for players to explore. This focuses on exploration so expect a strong open-world game with various mechanics. Meta Masters Guild states that players will have full autonomy in this gaming world and they can participate in such activities as exploring, collecting resources, and entering competitions. This is still in the conceptualization stage.
Raid NFT is quite a different game from the other two. It is a turn-based fighting game where players can choose from several different classes that are warriors. These characters are used to battle other players in a turn-based game in harsh environments. Players earn gems for defeating other players and completing challenges. What’s more, players can either play by themselves or against other players – so there’s something for single-player enthusiasts as well. It is currently in the design stage.
Can Meta Masters Guild Pioneer the P2E Space?
The P2E space is one of the most competitive in the market at the moment. This is for good reason, as there is an enormous amount of potential here. It’s why even AAA gaming studios are looking at how to integrate blockchain tech and NFTs. Still, P2E is only just beginning so there will of course be several new projects emerging.
Meta Masters Guild is one of the projects that is showing a lot of potential and it can definitely lead the pack in 2023. The fact that it is prioritizing games and not earning mechanics is a big plus point that will convince a lot of gamers to consider its Web3 gaming guild. This is an important aspect that many seem to overlook when it comes to examining P2E projects.
It is when Meta Masters Guild begins launching games that it will really take over the P2E space. The fact that it has multiple of them lined up really works in its favor and when it launches the first one, it will have an enormous positive influence on the platform.
These are some of the reasons to consider participating in the presale. It has already managed to raise over $1.2 million, which indicates how popular the MEMAG presale is. Before we go into the details of the presale and a price prediction, let’s take a look at the team behind Meta Masters Guild.
The Team Behind Meta Masters Guild
The Meta Masters Guild project has 7 individuals working on it. Collectively, they have experience in gaming, finance, art, and product and strategy. The project’s CEO is Gabriel who is also the founder. Matthew Fishtal and Hassan Naveed serve as the project’s advisors, and they have experience in advising crypto projects, product marketing, and strategy.
Joel Carpenter is the platform’s game concept advisor and he has over 10 years in digital and traditional illustration. He has worked with Headstrong Games, Titan Entertainment, Channel 4, Rocakbox, Bravdo Merchandising, Harley Davidson, and 2000 AD on AAA games development.
Patrick Hegarty serves as the project’s brand ambassador and has over 3 years of experience in crypto. He will help with engaging with the community.
Gamearound will serve as the platform’s lead game developer. The team has experience working with NFTs, games, music, movies, entertainment, art, sports, and virtual real estate. Games include Broken Civilization, Time Travel Racing, Pure Golf, Stride N Seek, among others.
Meta Masters Guild has also partnered with RWaltz, Ruskin Felix, and Pushed for various purposes. They will help with various aspects of platform and game development.
The MEMAG Presale is Heating Up
Meta Masters Guild is currently conducting the presale for its MEMAG token, which powers a lot of the ecosystem’s features. The token is currently in the third stage of its presale, with 1 MEMAG costing 0.013 USDT. So far, it has managed to raise over $1.2 million in the presale, which is a substantial amount for the short amount of time it has been running.
The current presale stage will end in just over 14 days, after which the MEMAG token will see the price increase to 0.016 USDT. The token raced through its second presale stage and it looks like the third presale stage will be just as quick.
The token can be purchased through one of three options: ETH, USDT, and a card. This offers a good few options to users and the fiat option is especially helpful for crypto beginners.
Meta Masters Guild is also running a $100,000 giveaway contest at the moment. The contest is a simple one, with participants only having to complete a few minor tasks. Most of these have to do with social media. Examples include following the project on Twitter, joining the Telegram group, tweeting about the project, visiting the subreddit, and so on.
There is a total supply of 1 billion tokens. The ecosystem has a 5% NFT royalty fee which goes back to the Meta Masters Guild treasury. There is no cap for individual purchases.
The presale has been allotted 35% of the supply i.e. there are 350 million tokens being sold in the presale. 15% each has been dedicated to the ecosystem and marketplace, so that makes up 300 million. 10% each has been dedicated to company reserve, team and exchanging listings, amounting to another 300 million. The remaining 5% has been budgeted for liquidity purposes.
To summarize, here’s the tokenomics:
- Presale – 35%
- Ecosystem – 15%
- Marketplace – 15%
- Company reserve – 10%
- Team – 10%
- Exchange listings – 10%
- Liquidity – 5%
What Does the Future Hold for Meta Masters Guild?
While the team already has a lot in the pipeline, the medium and long-term future of the project is also quite exciting. The team has a lot prepared for the future and plans to grow Meta Masters Guild as much as possible.
It’s worth going over what happened in the past first. The team has managed to do a lot in just a few days.
Q2 2022 saw the project focus on the very basics – vesting, releasing a detailed whitepaper, and the GDD for Meta Kart. Q3 saw a focus on MVP creation and product planning, partnerships with leading NFT artists, and platform design and NFT marketplace development on Ethereum. In Q4 2022, the team turned their attention to the animation and development of Meta Kart, a blockchain contract audit, and Coinsniper KYC approval.
2023 is where things got really exciting as the team will focus on several key priorities that will actually see the platform become fun to use.
The first quarter of 2023 focuses on a soft launch of the platform, the NFt store launch, a soft launch of staking, and of course the MEMAG presale. The next quarter focuses on listings on CoinGecko and CoinMarketCap, listings on various centralized and decentralized exchanges, beginning animation on the Raid NFT game, expansion of NFT characters across games, continuous game development, and new partnerships with Web3 game developers.
Plans for the last half of 2023 are still being discussed, but the team expects to launch the Meta kart demo. It will also focus on project expansion and scaling, and the development of new games and platform features.
MEMAG Price Prediction
Price predictions can be hard to make and this is especially true given the turbulence of the market currently. However, there are some positive signs for MEMAG since the P2E space has so much potential.
Exchange listings will have a huge impact on the price of MEMAG, with a forecast of $0.042 to $0.082 somewhat reasonable. Nothing is set in stone, but MEMAG looks good to make an improvement following exchange listings and the launch of its games.
For a longer-term forecast, MEMAG could potentially hit between $0.3 to $0.4, depending on how much growth the P2E space experiences over the coming years. A 2030 prediction might see it double its value from that aforementioned figure to $0.6 to $0.8.
Remember, none of these predictions are guaranteed, as the crypto market is very volatile.
Meta Masters Guild is Reshaping Gaming
Meta Masters Guild is shaping up to be one of the most successful Web3 gaming projects in the market. It has some effective solutions that can really transform how the video games industry operates and, as such, it could be one of the year’s dark horses.
We recommend looking into the MEMAG presale and the games that the project is building for more information. It truly looks like it can be one of the biggest presales of the year and it’s running out very quickly, so take a look soon.
Analyst Issues Dire Warning: Is Bitcoin Bull Run Coming To End? Here’s What To Expect Next
The cryptocurrency market has seen positive sentiment in the past three weeks, with the price of Bitcoin fluctuating around $23,000 in the last 24 hours. However, key metrics from short-term and long-term holders and Bitcoin miners have provided a less clear picture of the future price action.
Notably, while Bitcoin miners have been offloading both fresh and old coins, long-term holders have been increasing their holdings in recent weeks.
As a result, the struggle between Bitcoin bulls and bears continues, with no clear long-term trend emerging. According to crypto analyst Rekt Capital, for the rally of the past few weeks to continue, Bitcoin needs to reclaim $23,300 as support.
From a long-term perspective, popular YouTube crypto analyst Benjamin Cowen thinks Bitcoin price will be in a consolidation mode for the greater part of 2023.
Bitcoin Price Analysis
In a recent address to his over 790,000 YouTube subscribers, Cowen, a crypto analyst, stated that the Bitcoin market will likely be volatile in the coming quarters.
He cited historical data, which shows that the price of Bitcoin has consolidated within a year-long range before entering into a bull market.
As such, he believes that the price of Bitcoin could reach $25,000, where it may encounter resistance. Cowen also noted that the price of Bitcoin could experience short-term fluctuations, driven by macroeconomic factors such as inflation and a potential recession.
Furthermore, he added that the narrative of a rising market may be supported by the high accumulation of Bitcoins by short-term holders. With long-term holders also increasing their holdings, the rally may continue before an eventual price correction.
Bitcoin’s Bull Run: Investor Optimism Or Market Manipulation?
The cryptocurrency market began the day on a less-than-favorable note, but one currency that has maintained its bullish momentum is Bitcoin. Despite the King currency holding steady at around $23,000, it suggests that investors remain optimistic about Bitcoin. This has led to the global cryptocurrency market surpassing $1 trillion.
As of writing, Bitcoin is currently trading at $23,084, with an increase of 1.63% over the last 24 hours.
However, a prominent crypto analyst and trader has offered a different perspective on Bitcoin’s trajectory.
The analyst, known as Capo, has informed his 710,100 Twitter followers that the market performance of cryptocurrencies is not driven by organic demand. Given the direction of the current bull run and the high time frame resistance, the analyst believes that it is manipulation rather than demand that is driving the market.
Are tough times ahead for BTC?
Despite the claims made by one of his followers that the surge in Bitcoin’s price from $18,000 was due to an increase in demand as indicated by the minting of stablecoins, Capo maintained that this demand is artificial and the correction will be stronger as the demand increases.
It is worth noting that last week, Capo had predicted that Bitcoin would test its resistance level of $21,000 and that there was no bullish confirmation yet. However, his prediction turned out to be incorrect as Bitcoin’s value continued to rise.
In contrast to Capo’s predictions, another crypto analyst and strategist, Smart Contracter, believes that Bitcoin will experience a correction once it experiences a 38% surge in January.
Smart Contractor makes use of the Elliott Wave theory, which is a form of advanced technical analysis that uses crowd psychology to predict future price movements. According to the theory, when an asset is in waves one, three, and five, it tends to be bullish, while if it enters waves two and four, it suggests that the asset will experience a correction.
Bitcoin Bull Run To Continue – Analyst Maps Potential High Levels
DonAlt, a pseudonymous trader, tells his 449,000 Twitter followers that bears are in a precarious position following Bitcoin’s run from $15,731 in November to its Thursday high of $19,117. The analyst released a chart at the beginning of January depicting important levels of resistance that BTC must overcome in order to sustain momentum. So far, Bitcoin has performed as he had intended. The top cryptocurrency by market size is already performing a lot better.
He has recently released yet another prediction, let’s see what it is.
What Next For Bitcoin Price?
DonAlt recently explained a fresh forecast in a tweet. He argues that the narrative he has for the impending rally is one of stalled capital agony fueled by bears retard shorting below $20,000. He goes on to suggest that this narrative does not allow for pullbacks until we are near the top. Therefore, he forecasts that it will only be down for some time, just until bears buy.
In a separate tweet, he explained that BTC might experience an infusion of new funding from high timeframe (HTF) investors toward the end of this month. According to the trader’s chart, a monthly close above $20,000 is bullish for Bitcoin in the high timeframe.
DonAlt’s first high timeframe resistances are around $35,000 initially and then $58,800 if BTC ends the month on a positive note. The cryptocurrency analyst also notes that Bitcoin’s current uptrend above $20,000 and BTC’s peak at $69,000 are comparable. Analyst claims that Bitcoin printed misleading breakout setups in both cases.
Another user named CryptoK agreed with his opinion in a reply to his tweet.
Another user by the name of @ShrekBTC also agreed with this prediction given by DonAlt.
The Bitcoin price is $22,679.60 with a market capitalization of $437,026,128,271.67.