Solana (SOL) Price Might Drop 30% In Coming Days – Analyst Maps Low Levels
Renowned crypto trader and analyst Altcoin Sherpa have issued a warning to traders about the potential downfall of Solana (SOL), a major rival of Ethereum (ETH). With a Twitter following of 195,700, Sherpa predicts that Solana could experience a significant decline of over 30% from its current value.
Analyst Warns of Major Plummet for SOL
Sherpa highlights the risk of a major collapse for Solana based on its volume profile. Analyzing the chart, he identifies the next high volume price level on the downside to being around the $14 to $15 range, which the cryptocurrency last traded for in January 2023.
$SOL: EMAs all doing ok on the 1D but this is at a scary spot. If this area falls, price is probably headed to the $14-15 area. Still not really a fan of this chart as of now.
(I do think that SOL will be fine long term and should be a decent bet given the community). #Solana pic.twitter.com/NCWH3Nl7Xj
— Altcoin Sherpa (@AltcoinSherpa) June 1, 2023
Expressing concern over Solana’s chart, Sherpa states, “If this area falls, price is probably headed to the $14-$15 area. Still not really a fan of this chart as of now.”
However, he believes that Solana will fare well in the long term and remains a decent investment option due to its strong community support.
BTC’s Potential Lower Dip: Sherpa Expects $23,000 Bitcoin Level
In addition to the warning about Solana, Altcoin Sherpa also provides insights into Bitcoin’s future trajectory. He predicts that Bitcoin (BTC) is on the verge of experiencing a dip, potentially reaching at least the $25,000 level or possibly dropping even lower to $23,000.
According to Sherpa, various indicators point towards a $25,000 BTC level, including the 200-week exponential moving average (EMA), support and resistance levels (SR), and the .382 Fibonacci level. Sherpa suggests that this level holds significant confluence, making it a logical target.
Sherpa believes that the momentum of breaking support levels will likely drive Bitcoin’s price lower than $25,000, possibly down to $23,000, before the cryptocurrency reclaims the $25,000 level as a support level.
As of now, Bitcoin is trading at $26,823, reflecting a decrease of 0.8% in the past 24 hours. Altcoin Sherpa’s predictions and analysis serve as a cautionary note for crypto traders, urging them to closely monitor the potential decline of Solana and the expected dip in Bitcoin’s price.
Altcoins To Plunge: Analyst Maps Short Positions For MATIC, AAVE, SOL & TRX Price
In a bold move that defies the prevailing market sentiment, prominent crypto trader CryptoCapo has reaffirmed his bearish stance on the crypto markets and has expanded his short positions on various assets.
With a reputation for accurate predictions, Capo’s latest move has captured the attention of the crypto community.
Capo’s Diversified Short Positions
Capo, who maintains an active presence on Telegram with over 64,000 subscribers, announced that he is adding to his existing short position on Polygon (MATIC), an Ethereum scaling solution. The cryptocurrency is currently trading at around $0.903, experiencing a marginal decline of 0.55% over the past 24 hours. Positioned as the 11th-largest crypto asset by market capitalization, Polygon has attracted significant attention due to its potential for improving scalability on the Ethereum network.
The trader also revealed his intention to short several other cryptocurrencies. Alongside MATIC, Capo is doubling down on Binance Coin (BNB), the utility token of the BNB Smart Chain. Additionally, he plans to take short positions on Aave (AAVE), a decentralized finance (DeFi) protocol specializing in lending and borrowing, Tron (TRX), a platform offering decentralized storage and distribution, and Solana (SOL), a competitor to Ethereum.
Portfolio Composition: 65% USD, 35% Mid-term Shorts
Capo disclosed that his current portfolio allocation consists of 65% in US dollars and 35% in mid-term short positions. This distribution indicates his strong conviction in the downtrend of the cryptocurrency market. Challenging the recent bullish sentiment, Capo believes that the bear market is far from over, and any recent rallies, such as Bitcoin’s surge from $15,700 to $30,000, were merely retracements that have now reached their end.
Bear Market To Continue?
Capo’s accuracy in predicting market movements has garnered attention in the crypto circles. Notably, he correctly forecasted a downward trend for Bitcoin back in May. As a result, his latest positions are being closely monitored by industry participants who value his insights.
Will Capo’s predictions prove accurate or will the markets defy him once again? Only time will tell!
Solana Faces Resistance Above $20! Will SOL Price Initiate A Fresh Decline?
Solana (SOL) has emerged as a tough competitor to Ethereum. Solana, known for its high-speed transactions and low fees, has been making waves in the crypto market. However, recent trends indicate that Solana is facing resistance above the $20 mark. This development has sparked a debate among investors and traders: Will SOL price initiate a fresh decline?
Solana Continues To Display Bullish Data
As the new week commences, most of the cryptocurrency market, including Solana (SOL), has started on an upbeat note, with SOL successfully regaining a key price resistance. Moreover, recent on-chain data reveals a significant surge in the number of active Solana users.
Specifically, Dune Analytics reports that the count of unique active users in May reached 3.6 million, marking an impressive rise of 146.58% from the figures recorded in April.
Moreover, there is a positive network development as Solana has greenlit a new update, v1.14, for its validators. Following the decision by a majority of network users to transition to this new version, the cluster has now officially adopted v1.14. According to the official announcement, this version introduces several eagerly awaited features to the Solana blockchain, which will be gradually activated.
This release equips Solana developers with the ability to gather data on recently paid transaction fees, which can then be used to predict future transactions. This feature also paves the way for developers to fully leverage localized fee markets that will be incorporated in upcoming updates.
The past week witnessed a remarkable surge in the number of SOL stakers, with an increase that can only be described as exponential. According to Staking Rewards, there was an astonishing rise of over 1,800% in the number of SOL stakers within the last seven days.
What’s Next For SOL Price?
On May 27, Solana managed to break past the resistance line, and on May 28, it surpassed the 20-day EMA, hinting at a potential bullish resurgence.
The leveling off of the 20-day EMA and the RSI nearing the midpoint suggest a possible decrease in selling pressure. The 100-day EMA ($21.22) is currently posing a minor obstacle, but it’s likely to be overcome, potentially triggering a robust relief rally towards $24. As of writing, SOL price trades at $20.55, declining over 2% in the last 24 hours.
Solana price is currently tumbling near the EMA20 trend line; however, bulls are attempting to prevent further drop from the support line.
If the price dips and breaches the 20-day EMA, it would imply that bearish investors are still capitalizing on rallies. In such a scenario, the Solana price could revisit the critical short-term support level at $18.66.
Altcoin Rally on Horizon – Maps Buy Levels For BNB, MATIC, SOL, LINK & AVAX Price
A prominent cryptocurrency analyst who goes by the handle Milkybull Crypto has turned to Twitter to discuss the potential for an upcoming altcoin rally in the event of a breakout.
https://twitter.com/MikybullCrypto/status/1663821237938708484
According to the analyst, if the ETHBTC ALTS indicators break out, there could be a possible altcoin rally. He also laid out his analysis of a few altcoins and requested that the community comment on which altcoins he should analyze.
The crypto analyst points out the possibility of an altcoin rally
Milkybull tweeted out his analysis of AVAX, BNB, LINK, NKN, SOL, RNDR, and MATIC. Speaking about AVAX, the analyst stated that AVAX is trying to find support at the highlighted level and is likely to be on an upward rally. BNB analysis reveals that there is an ascending triangle pattern forming on the daily, which could potentially see a breakout to $400.
According to the analyst, the current trading range for LINK is between $5.5 and $9.5. However, it’s worth noting that LINK is currently trading below the midrange. Milkybull has mentioned that NKN is showing bullish signs after experiencing a rebound within the demand zone at $0.17. On the other hand, MATIC is currently undergoing a pullback after reaching the supply level. The analyst suggests that this pullback presents a favorable opportunity to start buying.
The cryptocurrency market has gone plummeting, with the global market cap down by 2.46% in the last 24 hours. The global crypto market stands at $1.14 trillion. Bitcoin and Ethereum have lost 2.94% and 2.30%, respectively, in the last 24 hours, according to CoinMarketCap data. BTC is trading in the $27,000 range after breaching $28,000 for a short time in the last 24 hours.
ETH is not trading differently, as it dropped from the 24-hour high of $1,914 to a low of $1,860 before sliding up to the current price. Other altcoins don’t seem different, as most of them, including PEPE, are down by over 10% in the last 24 hours.
Are Solana (SOL) and GMX (GMX) Overpriced? Check out the Presale Token Sparklo (SPRK)
The crypto industry has experienced immense growth in recent times, with mainstream adoption imminent. In order not to get burned in the crypto space, investors are advised to avoid overpriced tokens, as their trajectories are often bearish. With tokens like Solana (SOL) and GMX (GMX) seemingly overpriced, the Sparklo presale offers investors a chance at immense growth and bullish trajectories.
As a unique concept brought to the blockchain and the crypto community at large, Sparklo is aiming to disrupt existing protocols. Sparklo will be the first investment platform designed for cryptocurrency investors who are enthusiastic about fractionalized investment and trading in gold, platinum and silver. The innovative platform will represent precious metals as NFTs, which investors can purchase and use for trading.
$SPRK, the native token of the unique protocol Sparklo, is currently in its presale stage and costs only $0.026 per token. In addition, there is also a 50% bonus up for grabs if you invest early. With a greater chance of making profits, we suggest that you invest in Sparklo. Analysts have predicted the token will amass a 2,000% increase by December 2023, making it a profitable venture.
Importantly, the KYC audit was recently completed and adds to the project’s transparency. Furthermore, the smart contract was audited by InterFi Network and it passed with flying colours. Lastly, to secure investment, the team’s tokens will be locked for 3 years and liquidity will be locked for a lifetime.
Solana’s (SOL) AI integration is a groundbreaking initiative
On May 22, the Solana Foundation announced the creation of an open-source reference implementation. This will allow users to interact with the Solana (SOL) network directly from ChatGPT through a plugin available for download on GitHub. The plugin can reportedly be used to purchase NFTs, examine transactions and transfer tokens, among other crypto activities. Solana’s (SOL) AI integration is a groundbreaking move that will make the blockchain more understandable and usable.
Solana (SOL), as of press time, is trading at $19.5 and is currently in a downtrend. The past 24 hours have seen Solana (SOL) decrease by 2.6% and a further 6.7% in the past 7 days. Without bullish support soon, Solana (SOL) is likely to spiral into more bearish territory. With the availability of more profitable projects, you should wait for bullish indicators before investing in Solana (SOL).
GMX (GMX) bearish decline shows no sign of easing any time soon
The decentralized crypto exchange token, GMX (GMX), ranks 85th by market cap. Trading at $56.1, GMX (GMX) is currently experiencing a bearish spiral. The token’s value has decreased by 7.98% in the past 24 hours at the time of writing. In addition, in the past 7 days, the decline in price has been apparent with a 10.4% decrease in price.
With a rally not forthcoming and bullish indicators weak, GMX (GMX) might be in the bear zone for a while. So, to avoid losing money to the market, we advise steering off GMX (GMX), at least for a while. Moreover, the Sparklo presale has a higher likelihood of surpassing GMX (GMX) in terms of growth and is a better investment option.
Find out more about the presale:
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InQubeta (QUBE) Presale Gains Traction as Solana (SOL) and Avalanche (AVAX) Struggle in Recent Market Correction
In recent news, Solana (SOL) and Avalanche (AVAX) have both seen somewhat of a market correction in terms of investor interest… so, if you’re looking for an exciting new presale with a bright future, InQubeta is definitely one to consider.
What Makes InQubeta (QUBE) Stand Out?
InQubeta’s $QUBE tokens offer a unique investment opportunity due to their in-house deflationary mechanism. As a deflationary ERC20 token, $QUBE has a 2% tax on buy and sell transactions, contributing to a burn wallet that gradually reduces the token supply. This deflationary model has the potential to drive up the value of $QUBE over time, making it an attractive investment choice for those who believe in the growth and potential of AI start-ups.
This deflationary nature of $QUBE tokens sets them apart from traditional cryptocurrencies. As more tokens are burned, the circulating supply decreases, creating scarcity and potentially driving up the value of each token. This mechanism rewards long-term token holders and creates an environment that encourages investors to hold onto their $QUBE tokens, contributing to the overall stability and value of the ecosystem.
Additionally, $QUBE tokens offer an additional opportunity for investors to earn rewards through staking. By staking their tokens on the InQubeta platform, investors contribute to network security and performance while also earning rewards from the dedicated reward pool. This dual benefit of potential price appreciation and staking rewards makes $QUBE tokens an enticing choice for investors seeking both short-term and long-term gains.
This strong focus on being deflationary ensures that the value of $QUBE tokens aligns with the growth and success of the AI start-ups in its ecosystem. As the demand for AI technology continues to rise and more investors and start-ups participate in the platform, the scarcity and value of $QUBE tokens are expected to increase. Investing in $QUBE tokens allows individuals to become part of a thriving community supporting the future of AI technology.
What’s Wrong With SOL + AVAX?
Solana and Avalanche, two promising blockchain platforms, have faced their fair share of struggles in the market.
One key reason for the struggles of Solana and Avalanche lies in issues with reaching scalability goals. Both platforms aim to provide high transaction throughput and low fees, but they have faced difficulties in handling the growing demand. Solana experienced network outages and congestion during peak periods, leading to a decline in user experience and confidence. Avalanche, on the other hand, faced similar problems when its network became congested during one particular high-demand season, causing delays and increased fees.
Another factor impacting Solana and Avalanche is the lack of widespread adoption and developer support. Although both platforms have attracted attention and partnerships, they are still in the early stages of building their ecosystems. Ethereum, with its extensive developer community and established dApps, remains the preferred choice for many developers and users.
It is important to note that the struggles faced by Solana and Avalanche are not necessarily indicative of their long-term potential. Both platforms continue to make improvements to address scalability issues and attract more users and developers. However, overcoming the challenges posed by competition (like InQubeta) and achieving widespread adoption will be critical for their success in the highly competitive blockchain market.
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Enjin Coin (ENJ) and Solana (SOL) Investors Steadily Move to Star Coin Uwerx (WERX)
The bear market has taken a toll on many cryptocurrencies, and Enjin Coin (ENJ) and Solana (SOL) tokens are no exceptions. This is why many investors are moving to the most talked-about coin- Uwerx (WERX) for optimal returns.
This article discusses why Enjin Coin (ENJ) and Solana (SOL) investors are staking their funds on star coin, Uwerx (WERX).
Enjin Coin (ENJ): Steep decline makes it a less reliable investment
Enjin Coin (ENJ) network is an Ethereum token that makes it easy for users to use non-fungible tokens (NFTs). It is also used to back next-generation fungibles and tokens. Enjin Coin (ENJ) has made significant progress since 2021, rising from $0.13 to $4.82 towards the end of the year. Unfortunately, Enjin Coin (ENJ) has fluctuated ever since. By 1 December 2021, it dropped to $3.54 and fell further to $1.49 by 22 January 2022.
Currently, Enjin Coin (ENJ) price is $0.6944, and it’s unclear which path it will take next. Its steep decline over the past 12 months is why many Enjin (ENJ) investors are moving to a more reliable crypto investment like the Uwerx (WERX).
Solana (SOL): Breaches affecting investors’ Loyalty
Solana (SOL) is one of the crypto marketplace’s fastest, most secure, and scalable decentralized investments. It made the top ten list of most reliable cryptocurrencies within two years of its launch and has remained prominent. However, Solana (SOL) has fallen from its all-time high of $260 to $34.
Breaches in the Solana (SOL) network have caused a significant decline in the price of the Solana (SOL) token. However, although crypto analysts predict the Solana (SOL) token may recover and regain its traction, this may not happen until mid-2023. Therefore, many Solana (SOL) investors are moving to the Uwerx (WERX) token for a more profitable experience.
Uwerx (WERX): An increasingly sought-after token
Interest in the future of work has been increasing rapidly, Uwerx is a project that looks set to be the benchmark by which all other gig platforms are going to be judged on. Uwerx promises to be the future of work. It is the first freelance platform that will be based on the blockchain. According to Forbes, the freelance economy itself saw 2 million workers enter the industry and is showing no sign of stopping.
Investors have high hopes for Uwerx as it looks set to revolutionise the freelance industry. The project promises the highest levels of transparency, protection of intellectual property rights and rewards to freelancers and clients for activity and positive contributions to the Uwerx community. Importantly, the platform will offer the lowest fees in comparison to Fiverr and Upwork – at 5% versus 20% respectively.
Investors have been showing a growing interest in the platform as positive predictions set the price of a WERX token to be at $0.78 towards the end of 2023 and $2 and above in Q1/Q2 of 2024. All odds are in the favour of Uwerx and the WERX token looks set to be a blue-chip cryptocurrency sooner than one might think.
The ongoing presale looks like the best opportunity to indulge in massive gains in the not-so-distant future. It most certainly is not a surprise that investors are steadily moving towards Uwerx and see it as an opportunity for extremely high levels of growth potential. Currently, the token is at its fifth presale stage and selling for $0.0315, hurry now and purchase your share to gain a 20% bonus.
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Solana (SOL) Price Poised for Meteoric Rise, Predicts Raoul Pal
Altcoins are experiencing market volatility due to the banking crisis. According to technical analysis and a recent bullish reversal pattern, one analyst expects Solana (SOL) to rise soon. Is it a good moment to buy Solana or should you wait till altcoins bottom out? Find out!
Raoul Pal’s Bullish Analysis
Renowned macro expert and Real Vision Founder, Raoul Pal, has just shared his insightful analysis that has the crypto community buzzing. This time, Pal’s attention is squarely focused on Solana (SOL), the 11th-largest cryptocurrency in the market. Strap in and get ready for a potential rollercoaster ride of profits!
His influential Global Macro Investor (GMI) newsletter, reveals an intriguing pattern for Solana. After carefully studying the technical aspects, Pal has become increasingly bullish on the future of this Ethereum (ETH) competitor.
So, what’s got Pal so excited about Solana? Well, he believes the cryptocurrency is poised for a major breakout, transitioning from a bearish to a bullish trend. This revelation comes on the heels of a significant event in April—a remarkable inverse head and shoulders breakout. Since then, Solana has been consolidating, setting the stage for a potential explosive surge.
Why Solana?
At GMI, Solana has been on the radar for quite some time, and it has already delivered impressive gains, skyrocketing nearly 150% since the beginning of this year. With Solana currently trading at $19.88, the stage is set for a thrilling opportunity that could yield substantial returns for investors like you.
Global Equities on the Verge of Rally
But that’s not all! Pal’s expertise extends beyond cryptocurrencies. He also shares his insights into the global equities market, adding another layer of excitement to the mix. According to Pal, global equities are on the verge of a powerful rally.
He points to a captivating pattern—a head-and-shoulders bottom formation—that suggests a potential surge in the overall market. The key lies in the All-Country World Index (ACWI), a comprehensive gauge of large and mid-cap equities in both developed and emerging markets. If a crucial resistance level on the ACWI index is shattered, brace yourself for a remarkable surge in global equities.
Solana’s Trend Reversal
What makes this analysis even more intriguing is the completion of an inverse head and shoulders breakout in April. Following this breakout, Solana entered a consolidation phase, creating the perfect setup for a potential upward surge. He further emphasizes that Solana has been a major focus at GMI this year, and its impressive 150% increase since the beginning of 2023 speaks volumes about its potential.
Top Altcoins to Watch Next Week: SOL, BNB, MATIC Price May Break Resistance
As the crypto market continues to demonstrate its high volatility influenced by recent economic fluctuations, a trio of altcoins – Solana (SOL), Binance Coin (BNB), and Polygon (MATIC) – are poised to break through resistance levels next week. The recent uplift in the crypto market has been sparked by a positive Consumer Price Index (CPI) report, a critical economic indicator that triggered a surge in Bitcoin’s (BTC) price and altcoin market; however, there has been a steep decline since then. Amid all these, experts believe there may be a potential rebound for the altcoin market next week.
These Altcoins are Aiming for Potential Breakout
The crypto market has been hovering around the extreme red zone for the last few days, which occurred following the CPI report. Though investors gained some bullish confidence following Bitcoin’s breakout above $30K, the recent sharp collapse has stunned the market with a possibility of more price dips ahead. However, analysts predict it is the perfect opportunity to dive deeper into potential altcoins, as there is a possible breakout next week.
Solana (SOL) Price Analysis
Over the last four days, Solana has been hovering around its immediate support level of $19.82. This indicates that while investors are capitalizing on price dips, they haven’t yet managed to initiate a significant recovery.
As of now, the SOL price is trading at $20.21, gaining over 2.5% in the last 24 hours. The 20-day EMA has begun an upward trend, and the RSI is recovering from its bearish territory, suggesting a slight advantage for the bulls. If the bulls manage to break above $21.5, it could mean that the price is getting enough buying pressure to jump to its next resistance level at $23-$25. In this scenario, the price might attempt a surge toward $27.
On the other hand, if Solana’s price dips further from its current level or follows a downtrend below the 38.6% Fib level, it signals the persistence of negative market sentiment. Consequently, the SOL price could potentially drop to $16.
Binance Coin (BNB) Price Analysis
BNB’s downward trajectory continued, approaching its immediate support at $300. Currently, the BNB price is trading at $310, with a surge of over 1.3% from yesterday’s rate. In the short term, BNB may soon attempt to surge above its EMA200 on the 4-hour price chart.
This could pave the way for the asset to ascend toward the overhead resistance at $338. As it stands, the pair could keep oscillating within the wide range of $300 to $338 next week.
Polygon (MATIC) Price Analysis
MATIC price is currently witnessing massive volatility as bulls are attempting to push the price from its fear zone. MATIC price is hovering at $0.85, surging over 0.8% from yesterday’s price.
If MATIC price breaks above its EMA50 resistance at $0.89, the price can skyrocket to $0.99 by next week. However, a failure to surge above $0.89 will strengthen the sellers’ position, and the asset may drop below $0.8.
SOL Loses Key Support, Investors Look for Low-cap Cryptos to Offset Risk
The Solana price has been dropping since April. It has finally lost a key support line at $20, marking the end of the bullish trajectory that began earlier this year in January. Both the price action and wave count hint at a series of falls that are on the way for the high-cap altcoin.
A price correction is in progress for SOL
Price predictions for SOL look grim as the current downward trend is likely to stretch into the coming weeks. The coin has lost 8.12% in the last seven days. The performance on the monthly chart is worse at 11.4%.
At the time of writing, SOL was selling for $19.88 with a total market cap of $7.8B. Although it managed to come above the resistance momentarily, the direction of long-term price patterns and investor psychology doesn’t provide any reason for hope.
The next closest support is $15. The next resistance, on the other hand, is $26. But indicators suggest that the token will oscillate between $16 and $19 for the rest of May. Unless a strong bull run grips the broader market or the Solana ecosystem comes with announcements that rekindle confidence in investors, the slip will persist and lead to more price corrections.
Past its prime, SOL can’t satiate hungry investors
While SOL is an excellent blue-chip investment, it can’t give exponential returns. Investors are tired of waiting for SOL to bounce back into action. The downtrend in progress, in particular, has urged them to expand their portfolio into low-cap cryptos with more width for growth.
Listed below are two utility coins that have been witnessing large traction over the last two weeks from altcoin investors.
- The first, yPredict, offers an AI-based trading solution designed to tackle the bot invasion of the market.
- The second, Launchpad XYZ, is a Web 3.0 hub that eases investors into various crypto niches from NFTs to metaverse and gaming.
Being in the early phases of development, they have a better chance of bringing multifold returns to investors than highly established altcoins like Ethereum, Solana, and Cardano.
Analysts believe that YPRED (yPredict) and LPX (Launchpad XYZ) can go at least 10X-20X by the end of the year if they succeed in delivering their roadmap goals. A closer look at the websites and white papers reveals that the teams are credibly positioned to achieve that.
Here is an unbiased analysis of these utility-first cryptocurrencies and how they make good short-term and long-term investments.
yPredict’s low initial market cap leaves room for multifold returns this year
yPredict, as the name gives it away, is a prediction platform. Not the typical prediction platform where you predict the outcome of an event and earn rewards. Instead, it offers curated predictive models that instill more certainty into your trading portfolio.
The platform brings developers, traders, quants, and analysts under one umbrella.
The advanced predictive models and data insights are built and curated by leading AI developers & quants from around the world. They are brought into the picture using an excellent crypto reward system. Now in the presale phase, the platform has 20,000+ users on the waiting list. The presale is about to cross the $1M milestone at the time of writing.
How does it work
If you’re a developer or a quant, you can offer your insights and trading models on the yPredict marketplace to users through monthly subscriptions. The marketplace generates subscriptions, which include AI signals offered through various models listed on the platform.
If you’re a trader, yPredict helps you discover the following:
- Real-time trading signals from predictive models designed by top 1% AI experts
- Real-time sentiment analysis on all popular crypto coins
- Transactional data analytics for thousands of digital assets
- Technical Analysis by AI
- 25+ Chart Pattern Recognition
While indicators are excellent trading tools, the key lies in finding the most effective indicators for your asset. yPredict’s AI-based solution simplifies the task for you. It also detects the most promising chart patterns on your shortlisted coins.
The platform has a patent-pending pattern recognition algorithm that automatically identifies hundreds of bullish and bearish chart and candlestick patterns. It helps in two ways.
- First, by generating real-time alerts when these patterns are formed
- Second, by providing a reliability score based on the overall past accuracy of the expected price behaviour after the pattern is formed.
yPredict is also a good source of passive income for regular users and investors. For example, the platform shares 10% percent of each new subscription with YPRED holders through a staking pool.
YPRED is the native crypto of the ecosystem. It fuels all activities within and between different components of yPredict by working as a default and discounted payment option. This can range from marketplace subscriptions to all premium services provided on the yPredict app.
Why YPRED is a good investment this year
To analyze the potential of a cryptocurrency, we should first look at the potential of the project. As an all-in-one AI ecosystem for traders, yPredict has excellent market relevance. It is emphasized by the fact financial markets are rapidly losing their predictability. Algorithms and bots marketed as trading tools eventually adulterate the markets they enter.
As they continue to distort the structure of most markets making them unpredictable and highly volatile, traders lose their statistical edge. They are on a desperate hunt for trading tools that can actually help them navigate the market without contaminating it. yPredict’s unique value propositions, joining forces with AI developers and quants, have won their approval as the long waiting list shows.
Therein lies the high growth potential of YPRED tokens. These secondary factors will also help yPredict enter the Top 100 Crypto list.
- Low initial market cap: Your entry point determines your profitability from an asset. The lower the initial point, the higher the returns. Utility-first projects like yPredict usually mark their beginning with a market cap of $50-100M. YPRED, on the other hand, will enter the market with a $6.5M market cap at listing. That gives early investors more width for growth.
- Attractive staking rewards: YPRED investors will receive up to 45% quarterly staking rewards. 10% of tokens paid for each new subscription on the platform is streamed to the staking pool. 45% is an attractive rate of return from staking when the industry average is only 5-10%. Moreover, the high staking rewards don’t cripple YPRED’s economy since it is derived from the utility. That is monthly subscriptions.
- Lifetime access: Holding YPRED tokens (worth a minimum of $250) gives you access yPredict analytics base models built by some of the best AI developers in the world. The predictive models are designed to forecast the prices of popular assets with extreme precision, unlike any other publicly available predictive models.
- Attractive discounts: Holding YPRED tokens also comes with benefits like discounts in purchasing access to data repositories, predictions platforms, analytical tools, and trading terminals to name a few.
Exchange listing will render YPRED an expensive buy
Once YPRED goes live on public exchanges, investors will have to pay a hefty sum for the token. Heavy discounts in each stage make the presale investment the most attractive entry to the project.
A modest prediction for the token in 2023 is 10X-20X. But it can do much better and possibly acquire a $1B market cap toward the end of this year.
Launchpad XYZ introduces a much-needed Web 3.0 hub for crypto users
The next altcoin on the list is LPX – the native cryptocurrency of Launchpad XYZ. The high growth potential of LPX lies in the market relevance of Launchpad XYZ, which is building a large ecosystem that simplifies Web 3.0.
Let’s say an investor is new to Web 3.0 and doesn’t have much idea about what’s going on. The description fits a large share of crypto investors. The dispiriting performance of traditional investments like stock, commodities, and bank deposits has urged many to look for opportunities in Web 3.0. But they don’t know where to start.
Launchpad XYZ helps them enter the market, discover the best opportunities, steer clear of scammers, and make profits. The project’s goal is to lower the entry barrier to Web 3.0 and bring aboard its next 10M users.
The niches covered by the hub include:
- Non-Fungible Tokens (NFTs)
- Fractionalized assets
- Utility tokens
- Web3 presales
- Play-to-earn games
- And metaverse experiences to name a few.
The key elements of the ecosystem are a user-friendly Web3 wallet, an NFT DEX, a trading terminal, and Al search tools to simplify crypto for new users. Another interesting feature is Launchpad Quotient (LQ) – a single value that denotes the real-time opportunities in any Web3 Asset.
Launchpad XYZ has custom solutions for each niche mentioned above. For example, the NFT component of the ecosystem allows you to discover NFTs and fractionalized assets across different platforms. In addition to helping you find the best presale opportunities based on different parameters, the platform hosts presales of promising projects.
Moreover, the chat interface of the platform allows you to get results within seconds by entering simple inputs like “show me the next best altcoin” or “how to buy Dogecoin”. The high-end natural language processing applications integrated into the system simplifies Web 3.0 for the growing tribe of new investors.
Launchpad XYZ is a large ecosystem with diverse features. You will find more details about the project’s vision on the official website and white paper.
The project’s ambitious yet realizable vision has a large mass appeal. And that underpins the demand and growth potential of LPX.
Top Altcoins to Watch Next Week: SOL, XRP, ADA Price May Breakout Soon
In a week influenced by a series of macro news, the crypto market has been on a heart-stopping roller coaster ride that has left even the most seasoned investors holding their breath. Following the collapse of First Republic Bank and a series of interest rate hikes by the Federal Reserve and the European Central Bank, the crypto market has seen widespread turbulence, with Bitcoin struggling to hold $29K. Amidst this stormy backdrop, market watchers are eager to uncover which altcoins will take center stage and soar to new heights in the coming week.
A Bullish Week For These Altcoins
As Bitcoin’s price witnesses a fear zone near $29K-$30K, it has left investors to consider other cryptos amid volatility to safeguard their profit. Moreover, there is currently a growing demand in the altcoin market as it is less impacted by macro news and continues to bring profitable returns to investors.
Solana Price Analysis
Over the last three days, Solana has experienced limited price fluctuations, indicating uncertainty among both buyers and sellers. The relatively stable moving averages and RSI close to the midpoint imply that the SOL value might continue to hover within the broad range of $20 to $25 for a while. A breakout may occur soon as the SOL price attempts to break above its current range-bound area and overcome EMA-200. In that scenario, Solana could touch $30.
As of writing, Solana trades at $22, gaining 0.04% in the last 24 hours. However, a price drop is predicted if the SOL token remains below the 50-day EMA at $22, which would signal that bears hold a short-term advantage. In that case, the price may potentially decline to $18.
XRP Price Analysis
XRP’s price has become a hot topic amid the legal battle between Ripple and the SEC. XRP exhibited an inside-day candlestick formation followed by a Doji candlestick pattern on May 5, indicating that both bulls and bears are cautiously approaching the market without placing large bets. Despite a modest increase in XRP’s price today, its technical stance on the daily chart remains unchanged.
The moving averages have undergone a bearish crossover, and the RSI is in negative territory, suggesting that bears hold a minor advantage. They will attempt to push the price down towards the robust support level of $0.43. In the meantime, XRP continues to trade within a narrow range between $0.44 support and $0.48 resistance.
As of writing, XRP trades at $0.45, declining by 1.5% from yesterday’s rate. A breakout may take place if bulls gain control at $0.48 and push the price above $0.5.
ADA Price Analysis
Cardano experienced a dip below the 50-day SMA at $0.38 today, but the long tail on the candlestick indicates that bulls are vigorously defending support around the $0.37 mark. ADA price is trading at $0.37, with a decline of 3.5%.
Buyers are currently attempting to elevate the price above the 20-day EMA at $0.39, yet the bears remain steadfast. The downward-sloping 20-day EMA and the RSI just below the midpoint imply a slight advantage for the bears.
To counteract this decline, bulls need to swiftly push the price above the neckline of the inverse head-and-shoulders pattern, which could raise the likelihood of a rally to $0.46 and eventually $0.52.
Solana (SOL) Price Prediction 2023
Solana (SOL) Price Prediction 2023
Solana (SOL) has recently launched the first crypto mobile phone which is thrilling news for crypto enthusiasts.
Solana’s mobile ecosystem contains an app store, developer tools, and many other features. Solana’s (SOL) mobile phone is also the first of its kind, so the success of the project could make Solana’s token skyrocket in 2023.
Solana’s new crypto mobile phone will change everything – ranging from “smart messages” to NFTs stickers and emoticons. Priced at $22 at the time of writing, crypto enthusiasts are convinced that Solana could reach $100 soon if its crypto phone experience mirrors expectations.
Ethereum (ETH) Could Surpass $2.5k
At press time, Ethereum (ETH) is priced at $1,915, which suggests an increase of nearly 60% in the first four months of 2023. In the first half of April, Ethereum implemented the Shanghai upgrade, which is expected to affect Ethereum’s price performance in the long run.
Bears think that the new Ethereum upgrade, which now allows tokens to be unstaked, will lead to major withdrawals. However, optimists state that investors are discouraged from withdrawing their Ethereum assets because of the limit of 10% of the entire staking pool to be withdrawn each month. There is also a lengthy two-step process to withdraw the assets, which acts as a further deterrent.
The Ethereum bulls believe that this upgrade will affect important features; more specifically, the upgrade brings improved transaction times and cost reductions, two of the main issues plaguing the blockchain. In exchange, more and more users will flock to the network, which could drive its price past $2.5k in the near future.
Collateral Network (COLT) on Track for 3500% Gains
Collateral Network (COLT) is a breakthrough project in the crowdlending industry, making it possible to engage in decentralized peer-to-peer lending and borrowing.
On Collateral Network, borrowers in need of funds can use any physical asset as collateral. Examples of assets that can be used include fine wine, aged whisky, luxury watches, art, cars, and even real estate. Once the asset is received, Collateral Network values the asset and mints an asset-backed NFT, which is fractionalized, allowing multiple lenders to fund a loan in exchange for passive income at a fixed interest rate.
Initially priced at only $0.01, COLT, the native token of the platform, is expected to increase by 3500%, reaching $0.35. This is thanks to increasing popularity among the investing community and everyday individuals and businesses in need of money. COLT tokens also grant various benefits to holders, like governance rights, staking, and more.
This year seems promising for the crypto market. Many developments and upgrades are being rolled out, improving the use cases of crypto and blockchain technology. If you want to join the hype, you should definitely shortlist Solana (SOL), Ethereum (ETH), and Collateral Network (COLT).
If you wish to purchase the $COLT token for only $0.014, follow the links below and take advantage of this unique opportunity to earn an extra 40% purchase bonus on your investment!
Read about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Flow (FLOW) And Solana (SOL) Holders Begin Stockpiling Yachtify (YCHT) Tokens; Here’s Why!
A new attraction has hit the crypto scene in the last few days; Yachty is a unique project currently in its presale run that could evolve into a top-tier platform adopted by countless investors! And with prominent tokens such as Flow (FLOW) and Solana (SOL) slowly losing the gains they achieved at the start of 2023, holders are shifting their attention to this crypto newcomer. Today, we will investigate why!
Flow (FLOW) Shares A New MFL Milestone
Flow (FLOW) recently announced that the Metaverse Football League (MFL) had reached $500K in volume. Due to this achievement, Flow (FLOW) partnered up with MFL and brought a new giveaway of a Legendary MFL pack and $200 in Dapper balance.
Nevertheless, the Flow (FLOW) token has not been performing up to par as it trades at $0.8373 with a market cap of $867M, falling by 0.41% in the past 24 hours. Not only that, the Flow (FLOW) trading volume decreased by 20% in that same time, sinking to $15,563,551.
Bearish sentiment can be seen for Flow (FLOW) if we look at its technical analysis, which displays its technical indicators showing strong sell signals. Because of this, investors are growing more wary about this token as experts predict it may fall to $0.80 soon.
Solana (SOL) With An Increase In DEX Volumes
According to a Step Data Insights tweet, the total DEX volume of Solana (SOL) over the past four months has surpassed pre-FTX levels, showing a resurgence in interest in DeFi activities on Solana (SOL).
Solana (SOL) achieved $5.67B in DEX volume in the last four months. Meanwhile, four months before the FTX crash, this Solana (SOL) volume stood at $5.54B. This shows us that Solana (SOL) is beginning to heal.
However, the Solana (SOL) token price does not reflect this movement as it has a current value of $21.48, down 2.09% overnight. With all technical indicators in red, it is evident that bears are in control which has made investors look for other projects with more growth potential.
Yachtify (YCHT): When The Yacht Charter Market Meets NFTs!
Yachtify has the potential to become a dominant force in the yacht charter market by creating the first-of-its-kind yacht investment platform built on the Ethereum blockchain!
Each investment opportunity on this platform will be minted into an NFT backed by a real-world yacht! Afterward, this token will be fractionalized, and then everyday investors can purchase a stake in it for prices as low as $100! And here is the exciting part – the net income is obtained each time the actual yacht is rented, and the revenue is distributed according to the ownership proportion of the NFT holders!
Yachtify early backers will receive discounts on transaction, storage, and maintenance fees, and for a current presale price of only $0.10, these discounts come as a bargain! But do not wait, as this project is currently in Stage One of its presale, and as it picks up steam – the price will rise as well; some experts even forecast a surge to $0.40 by December 2023!
If you are worried about security, know that the Yachtify team will lock liquidity forever and freeze team tokens for three years. These measures, plus an already complete audit by InterFi Network, make Yachtify one of the most secure investment options currently available!
Sign up for the presale and become an early investor in this game-changing project!
Website: https://yachtify.market/
Presale: https://buy.yachtify.market/login
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify
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Solana (SOL) Embark On a New Rival That Will Change The Landscape Of Defi Forever. 14X Rally In 2023?
Rivals are needed in technology to drive innovation. Solana (SOL) sparked a competitive edge in other blockchains but now a new crypto is challenging the status quo in DeFi. The new crypto, HedgeUp (HDUP), 14X, is set to disrupt the world of DeFi and could cause a massive rally in the crypto market if it succeeds.
HedgeUp’s (HDUP) 14X ROI potential has early investors and analysts excited. If the crypto succeeds, it could translate into a massive 14X return in the next year alone and could make early investors very wealthy. If you are searching for a high-ROI project to invest in, HedgeUp (HDUP) is definitely worth looking into.
Why Solana (SOL) Might Struggle…
Once beloved by venture capital, Solana (SOL) struggled to keep its momentum as Defi competitors such as Ethereum and Binance Smart Chain took over. With low transaction fees, few dapps, and decentralization issues, Solana (SOL) has had difficulty keeping up with the competition.
Solana (SOL) once had hype that skyrocketed its price to new heights. but now faces an uphill battle to remain competitive. The Solana (SOL) team needs to keep a close eye on competitors and be agile to stay ahead of the curve, or else risk getting left behind.
Additionally, since Solana (SOL) is still relatively new. Solana (SOL) lacks a large developer community and liquidity which are both essential for the success of a Defi platform. Plus, Solana (SOL) faces another competitor that is unique in its own way – HedgeUP (HDUP).
Why HedgeUP (HDUP) Has An Edge Over Solana (SOL)
HedgeUp (HDUP) is a crypto platform that uses blockchain technology to let users invest in alternative assets. You can get started with only one dollar. It does not cost a lot of money. Trusted firms conduct audits and a secure vault is used to store the assets. From luxury art to wine and watches, HedgeUP (HDUP) is the go-to gateway for alternative asset investments.
Investors who get in early will benefit greatly as the demand for alternative assets continues to increase. As an incentive, early investors can get a whopping 30% bonus for investing in HedgeUp (HDUP).
Also, HedgeUp (HDUP) is expected to increase by 14x as early as 2023. This is because by owning the crypto asset HDUP, users can get access to special rewards that can be learned about through their whitepaper. It’s an in-depth document that outlines the features and opportunities of the platform.
Final Thoughts
So, if you’re looking for a crypto that has solid long-term prospects, consider investing in HedgeUp (HDUP). It offers low-cost entry and a 30% bonus for early investors. Plus, with a projected 14x increase in 2023, investors can benefit from considerable rewards. With that said, investors should do their own research before investing in any crypto asset. Happy Investing!
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TMS Network (TMSN) Crushes Competition as Litecoin (LTC) and Solana (SOL) Find Themselves in Dire Straits
The blockchain industry is abuzz with TMS Network (TMSN) latest triumph, leaving Litecoin (LTC) and Solana (SOL) struggling to keep up. Litecoin (LTC) has fallen out of favour with investors, causing it to waver in the market. Grayscale’s Solana (SOL) Trust has suffered a massive 75% loss in OTC markets, leaving investors in a state of shock. So, what is the secret to TMS Network’s (TMSN) success? Let’s take a closer look at this blockchain powerhouse, and explore how it’s crushing the competition.
Litecoin (LTC) Wavers As It Falls Out Of Favor With Investors
Litecoin (LTC) seems to be struggling to hold onto its investors lately. Despite the recent announcement of major product updates from the Litecoin (LTC) team, on-chain data shows that miners and crypto whales are accumulating more of their block rewards. Around March 28, Litecoin (LTC) miners started stocking up their reserves, and added 1.11 million Litecoin (LTC) to their stash. Meanwhile, crypto whales holding 1 million to 10 million Litecoin (LTC) have continued to accelerate their accumulation frenzy since February. However, the recent bearish resistance stopped Litecoin’s (LTC) previous rally at the $102.5 mark in February. If Litecoin (LTC) fails to maintain the $95 support level, it could fall to $85.
Grayscale’s Solana (SOL) Trust Suffers Massive 75% Loss on OTC Markets
Grayscale’s Solana (SOL) Trust is suffering a major loss of 75.97% in the last 12 months, according to recent reports. On Monday, the world’s largest digital currency asset manager, Grayscale Investments, announced that its Solana (SOL) Trust has begun trading on Over-the-Counter (OTC) under the symbol of GSOL. However, Solana (SOL) Trust is trailing behind other digital currencies investment products, and it seems to be struggling to keep up. As of April 14, 2023, Solana (SOL) Trust had over 304k shares outstanding, with a price of around $0.38. While assets worth $2.9 million are currently under the name of Solana (SOL) Trust, it is down by 88.38% since its inception. These figures raise serious questions about the future of Solana (SOL), and its ability to compete with other digital currencies in the market.
Uncovering the Secret to TMS Network (TMSN) Success
The scalability of TMS Network (TMSN) is a key aspect that sets it apart from traditional trading platforms. Built on blockchain technology, TMS Network (TMSN) is designed to handle increasing users and transactions without slowing down. TMS Network (TMSN) third presale is ongoing, with over 40% of tokens already subscribed, indicating high demand from investors. Trading at $0.08, TMS Network (TMSN) has already raised over $5 million, making it a popular choice among sharp crypto investors.
The decentralized trading platform eliminates intermediaries, reducing costs, and enabling faster and more efficient transactions. This allows traders to keep more of their profits and reinvest in the market. Moreover, TMS Network (TMSN) is committed to promoting financial literacy and education, helping traders to understand the market and make informed decisions. By promoting decentralization and reducing dependence on centralized systems, TMS Network (TMSN) is set to revolutionize the traditional trading model, and provide traders with a secure, efficient, and transparent platform to invest in a wide range of assets.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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HedgeUp (HDUP) Crushes Polkadot (DOT) and Solana (SOL) with Consistent profit margins
The cryptocurrency market is full of surprises, and HedgeUp (HDUP) is one project that’s been turning heads. The project’s unique approach to alternative asset investment has made it a standout player in the decentralized finance (DeFi) space. But what’s even more impressive is its consistent performance. HedgeUp (HDUP) has been outperforming even big names like Polkadot (DOT) and Solana (SOL), two well-known projects that have gained a lot of attention in recent months.
How HedgeUp (HDUP) Outperforms Polkadot (DOT) and Solana (SOL) in the DeFi Space
One of the reasons why HedgeUp (HDUP) has been so successful is because of its vision for the future. The project aims to tap into the massive market for alternative assets, which is predicted to grow to $17 trillion by 2025. HedgeUp (HDUP) is making it easier for everyone to access this market, and its unique approach has proven to be highly effective. Using NFT technology everyday people can now invest into exclusive assets such as diamonds, art and gold. Investors can do this on a fractional basis, meaning users can partake with only $1, opening a whole new market for the masses.
While other projects like Polkadot (DOT) and Solana (SOL) have certainly gained a lot of attention in the cryptocurrency world, they haven’t been able to match HedgeUp’s (HDUP) consistent performance. HedgeUp (HDUP) has been generating a lot of buzz for good reason, and its presale has seen a lot of interest from investors.
Polkadot (DOT) is a blockchain network that allows for interoperability between different blockchains, enabling cross-chain communication and the transfer of data and assets. On the other hand, Solana (SOL) is a high-performance blockchain platform designed to support decentralized apps and marketplaces. Solana (SOL) uses a unique consensus algorithm to achieve high throughput and low latency, making it suitable for a wide range of use cases. While both these projects saw massive returns they have been hit hard during recent months. Solana even lost a value of over 95%. For these reasons, investors are looking at different opportunities.
HedgeUp (HDUP) presale is quickly being fulfilled
The presale for HedgeUp (HDUP) is currently underway, and interested investors can purchase the token by visiting the presale page and following the instructions provided. The minimum launch price for HDUP is set at $0.09, and the presale price is currently set at $0.013 per HDUP token, with the price expected to reach $0.020 soon. This means that early investors already have made over a 100% profit just by being early. Profits are only expected to rise further.
HedgeUp (HDUP) is one to keep an eye on
HedgeUp (HDUP) has been crushing the competition with its consistent growth, outperforming big names like Polkadot (DOT) and Solana (SOL). The project’s unique approach to alternative asset investment has caught the attention of investors, and its vision for the future is highly promising. While the DeFi space is highly competitive, HedgeUp (HDUP) is one project that’s worth keeping an eye on in the coming months.
For more information about HedgeUp (HDUP)
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
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Render Token (RNDR), and Solana’s (SOL) Expectations Wane As Sparklo (SPRK) Wax Stronger With Bonuses
The future of digital currency depends on how well we can build an environment that is both dynamic and safe for investors and the industry as a whole. People all over the world are interested in cryptocurrencies because of their known financial freedom and lucrative opportunities.
User’s enthusiasm for Render token (RNDR) is waning by the day
On a more bearish note, Render token (RNDR) has had trouble keeping its core consumers interested over the past week. The number of daily active users of Render token (RNDR) has decreased by 65% to 373 as of the end of April from Render token (RNDR) most recent local high of 1,074 on April 17. Render token (RNDR)’s price increased recently between April 22 and 25, yet the network has had trouble grabbing the interest of major investors.
Is Render token (RNDR) about to see a significant price retracement, given the downward trend in Daily traction? Users’ enthusiasm for the core project may wane if Render token (RNDR) prices continue to decrease. This can lead to a drop in demand and pressure on the price of the Render token (RNDR).
The price of Solana (SOL) loses its long-term structure
The price of Solana (SOL) is about to drop below a rising support line that has been there for 115 days. By doing this, the earlier rise of Solana (SOL) will have come to an end for good. This could make the price of Solana (SOL) fall even faster than it already is.
The red line took the price of Solana (SOL) to a new annual high of $27.12 on Feb. 20, but the price is now falling away from the line. Solana’s (SOL) RSI fell below 50, which is a red sign. Solana (SOL) is going down, which is supported by the fact that the direction is bearish. If the trend keeps going down, the average price of $17 will be the best support for Solana (SOL). Even though this Solana (SOL) price prediction is bearish, as long as the price stays above $26, the trend is still bullish.
Sparklo (SPRK) wax stronger with bonuses
Sparklo (SPRK) trading platform will be used by people who want to invest in gold, silver, and platinum to launch soon. Sparklo (SPRK) will give people worldwide access to valuable metals that they have never owned before. For Sparklo (SPRK) precious metal assets, the platform will use fractionalized NFTs.
A person’s part of their portfolio and the NFT built on Sparklo (SPRK) will represent a bar of gold, silver, or platinum. When an investor buys a full NFT of Sparklo (SPRK), which is the same as buying a full precious metal bar. The asset can be sent to the investor’s home or any secret place they want. Sparklo (SPRK) is building a community of investors by letting traders buy and sell Sparklo (SPRK) NFTs, which reflect a person’s share of precious metals.
Currently, Sparklo (SPRK) is having a 30% bonus increase from $0.015 to $0.017, and we believe investing in Sparklo (SPRK) at this price point would be a great opportunity.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Top Altcoins Preparing For A Breakout Next Week: SOL, MATIC And LTC Prices To Surge Higher
Bitcoin is often considered the king of the hill. But lately, it seems like some of its younger siblings, the altcoins, are preparing to make their own mark in the industry. In fact, following the recent volatility in Bitcoin, many investors have started to switch to altcoins, leading to increased interest and potential for breakout performances in the coming weeks.
These Altcoins May Turn Your Portfolio Green
The recent volatility in Bitcoin has forced investors to look beyond the king of the hill and consider the potential of altcoins. While there are many promising projects in the industry, Solana, Polygon, and Litecoin are all preparing for potential breakouts in the coming weeks.
Solana Price Analysis
The buzz surrounding Solana (SOL) is gaining momentum as an increasing number of individuals are contemplating getting involved. The most recent Messari report reveals that the USD-denominated total value locked in Solana experienced a QoQ surge of 23.5%.
As of writing, the SOL price trades at $23.75, gaining over 6.5% from yesterday’s rate. Solana has successfully broken out of its bearish range as buyers provided momentum near the $22.8 level. In the event that the price surpasses the immediate resistance of EMA-200 at $25.16, it would indicate that the bulls have successfully absorbed the supply.
This would prompt the SOL price to endeavor a rally towards the formidable overhead resistance at $29.77, which serves as a crucial level for the bulls to conquer. If the bulls succeed, it may ignite a new upward movement, causing the price to surge to $38.8.
However, if the bears aim to thwart the rally, they must swiftly push the price beneath the EMA-100 support level at $21.6. This could potentially plunge the SOL token to the following support level at $16.49.
Polygon (MATIC) Price Analysis
Recently, Google Cloud partnered with Polygon to help developers to deploy their web3 products, sparking increased confidence among investors. Currently, MATIC price trades at $1.02, gaining nearly 3% in the last 24 hours.
Polygon’s long tail indicates that the bulls are vigorously defending the support level at $0.94, but the bears haven’t surrendered yet. However, the downsloping 20-day EMA at $1.05 and the negative RSI suggest that the bears currently have the upper hand. The sellers will attempt to halt the recovery in the area between the 20-day EMA and the resistance line. A breakout will likely occur next week above $1.08, sending the token’s price to $1.17.
If the price retreats from the resistance line, it will indicate the possible formation of a descending triangle pattern, which will be confirmed by a breakdown below $0.93. If this support level is breached, the MATIC price may experience a decline to $0.7.
Litecoin (LTC) Price Analysis
The current day has been highly volatile for Litecoin, with both bullish and bearish attempts to seize control proving unsuccessful. Typically, such volatile days are succeeded by a period of range contraction lasting a few days.
As of writing, LTC price trades at $91, surging over 2.7% in 24 hours. If LTC holds above EMA-20, it may break the resistance of $102 next week.
Solana (SOL) Rallies in Q1, Cosmos (ATOM) Performed Poorly, Sparklo (SPRK) Presale Announced
Solana (SOL) rallied impressively in the first quarter of the year, despite the slow activity of the crypto market. Solana (SOL)’s market performance might not be unconnected to its range of services, including NFT sales. Cosmos (ATOM) also recorded a 3-month decline in its price performance as the blockchain continues to prioritize interoperability and building the IBC. Sparklo (SPRK), an alternative investment platform specializing in precious metals, recently announced a presale for its SPRK token. Some experts feel that this exciting project will be among the best performers of 2023.
Solana (SOL) Experiences An Impressive Rally in the First Quarter of 2023
Solana (SOL) has posted an incredible market performance in the first quarter of 2023 despite the bearish sentiment that dominated the crypto market. According to data collated by MessariCrypto, Solana (SOL)’s market cap rebounded by 118.% from the previous quarter. Its TVL also increased by 23.5%, while NFT sales reached an all-time high after rising by 19%. The data above showed that the Solana (SOL) network grew, and trading activities like staking and selling NFTs steadily increased. Furthermore, Solana (SOL) has consistently positioned itself as a green energy blockchain and it cemented that image recently by launching real-time measurement of Solana’s (SOL) network emissions.
Cosmos (ATOM) Price has Dropped Drastically Over the Past Three Months
Over the past three months, the Cosmos (ATOM) market performance has dropped considerably. Cosmos (ATOM) was trading for around $15.03 by early February. Three months later, the price of Cosmos (ATOM) is struggling to maintain the $11 mark. Cosmos (ATOM) has been progressing with developments and upgrades despite its market slump. Cosmos (ATOM) announced earlier that they had added new security features to the V9 Lamba upgrade. The network has also announced that it will be increasing its focus on promoting interoperability between blockchains via the IBC protocol.
Sparklo (SPRK) Presale Poses Serious Challenge to Many Cryptocurrencies
One of the most exciting news going around the Web 3 community is Sparklo’s presale.
Sparklo is an alternative investment platform that caters to traders who want to gain exposure to precious metals like gold and silver.
Sparklo combines NFT technology with precious metals to give users a great investing experience. Sparklo eases the entire trading process by providing access to precious metals to various individuals worldwide. It also uses fractionalized NFTs, allowing users to buy any amount of precious metals they want. Thanks to Sparklo’s Fractionalized NFTs, you don’t need to buy a whole bar of gold or silver. Instead, you can buy any amount, which will be represented by NFTs.
Users who purchase a full gold bar can also have it delivered to their homes or any locationof their choice. Sparklo allows users to sell their NFTs to other traders, thus giving them more control of their portfolios. Sparklo has locked liquidity for 100 years, while team tokens have been locked for 1000 days. In addition, Sparklo has been audited by Interfi Network.
Sparklo is one of the exciting projects announced in 2023, and we believe it will be a great investment. Interestingly, the project is just in its presale, and it’s still very cheap, costing only $0.015. If you want to know how to join the presale, click one of the links below.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Here’s What Solana Holders May Expect from the SOL Price in the Coming Days!
The crypto market underwent a massive crackdown in recent times that slashed the global market capitalization below $1.8 trillion. Meanwhile, the latest recovery lifted the levels back above $1.2 trillion but also carried the possibility of a retest. Amid the friction among the bulls and the bears, many cryptos, including the Solana price, have been manifesting a tricky situation with the possibility of a bearish pullback very soon.
Solana’s price, after the recent downturn from the interim highs of around $25.91, dropped significantly, but the 200-day MA levels at $20.91 acted as major support and triggered a rebound. However, the rebound has not been validated yet as the levels continue to hover close to the crucial support, displaying weakness among the bulls and also within the rally.
So what’s expected for the SOL price in the coming days?
The SOL price is trading within an ascending triangle and is yet to reach the apex of the consolidation; hence, the current sluggish price movement may prevail for some time. Besides, the RSI displayed a bullish divergence, which may validate a rebound from the lower support of the pattern. However, the rally may maintain a lowered pace as the volume remains largely depleted. Mainly, the ADX is bearish, which signifies the weakening of the rally’s strength.
Therefore, it appears that $19.5 to $26.5 could be a good accumulation zone for long positions, beyond which a fine upswing may be triggered. Once the price breaches beyond $26, a powerful upward momentum may break the downtrend and reach the first target between $42 to $47, which is the upper boundary of the long-term liquidity.
Solana (SOL), Polkadot (DOT), and Collateral Network (COLT) Gaining Massive Traction
As the cryptocurrency market continues to evolve, top altcoins Solana (SOL), Polkadot (DOT) and Collateral Network (COLT) are gaining significant traction among investors.
Collateral Network (COLT) brings a peer-to-peer crowdlending network, revolutionizing the financial landscape. During its second presale phase, Collateral Network (COLT) is available for $0.014, a 40% increase from its initial price of $0.01, and is expected to see a remarkable 35x growth.
Solana (SOL)
Solana (SOL) has lately witnessed significant increases, rising 15.5% in the last month and 12.28% in the last week. Solana (SOL), at the time of writing, is trading at $22.04, having broken out over an 11-month-long resistance trendline on Tuesday.
This bullish breakthrough for Solana (SOL) might signify an early trend reversal, and the large trading volume reflects investor optimism. As market signs look highly favourable, Solana (SOL) investors might expect the Solana (SOL) price to rise even more in the next few days.
For example, the Relative Strength Index (RSI) for Solana (SOL) has increased significantly, indicating positive news for purchasers. Market players will closely monitor Solana (SOL) as it continues to gather momentum.
Polkadot (DOT)
Polkadot (DOT) has fluctuated in recent weeks, with a 1.2% drop in the last week but a 7.35% increase in the last month. Polkadot (DOT), at the time of writing, is trading at $6.04, with a market size of $7.10 billion and a 24-hour Polkadot (DOT) trading volume of $226.42 million.
The recent announcement of cooperation between the KILT Protocol and Polkadot (DOT) is one important development. Interestingly, despite a minor drop in sales, the Polkadot (DOT) total value locked (TVL) has continued to climb.
The Polkadot (DOT) TVL increased dramatically in February, according to DeFiLlama, and has stayed consistently high since then. Indeed, the Polkadot (DOT) TVL has increased by approximately 2% in the previous 24 hours, demonstrating the project’s continuous interest.
Collateral Network (COLT)
Collateral Network (COLT) is the first peer-to-peer crowdlending network, bringing off-chain assets into the Web3 ecosystem to enable a new kind of loan model. By minting NFTs against real-world assets, Collateral Network (COLT) enables anyone to gain access to loans. In the history of the DeFi industry, Collateral Network (COLT) is set to be the pioneering challenger lender.
The idea behind the platform is simple: borrowers may secure loans by using tangible items like art, jewels, expensive watches or automobiles as collateral. The asset is held safely on the platform until the loan is repaid in full.
Collateral Network (COLT) mints NFTs against physical assets, fractionalizes them, and makes them available for the lender community to fund the loans. All loans are secured by these tangible assets, reducing the inherent risk for lenders, and allowing them to earn a weekly income at a fixed interest rate as a result of lending.
The native COLT token fuels this enormous ecosystem and provides its holders with several benefits, including staking, governance rights, and more. Collateral Network (COLT) just reached the second presale phase as the tokens have rallied in price by 40% to $0.014, making them available to buyers during this current presale period. Before the presale round ends, the value of COLT is projected to increase by 35x.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Litecoin (LTC), Solana (SOL), and Collateral Network (COLT)
The crypto market is abuzz with activity, and among the top contenders catching everyone’s eye are Litecoin (LTC), Collateral Network (COLT), and Solana (SOL). With the recent 40% surge in Collateral Network (COLT)’s presale and Solana (SOL)’s Web3 smartphone release, there’s never been a better time to dive into these projects.
Litecoin (LTC)
Litecoin (LTC) has been making headlines recently and for a good reason. As regulators are cracking down on crypto, only decentralized tokens like Litecoin (LTC) seem safe.
As the ‘silver to Bitcoin’s gold,’ Litecoin (LTC) is attracting attention for its decentralization and strong community. With the recent SEC crackdown on crypto exchanges and tokens, investors are moving to community-run projects.
As a decentralized digital currency, Litecoin (LTC) operates on an open-source, peer-to-peer network. Litecoin (LTC) enables instant, near-zero cost payments to anyone worldwide.
With a strong focus on improved transaction processing and industry-leading security, Litecoin (LTC) is becoming an increasingly attractive option for investors and users.
Solana (SOL)
Solana (SOL) is another project that’s been turning heads in the crypto space. Recently, the platform launched the Saga, a Web3 smartphone that demonstrates Solana (SOL)’s commitment to innovation and pushing the boundaries of blockchain technology.
At its core, Solana (SOL) is a high-performance blockchain that supports smart contracts and decentralized applications. Solana (SOL) gained attention with its lightning-fast transaction speeds and the ability to scale to millions of transactions per second.
The only downside, however, is that Solana (SOL)’s recent developments have shown some issues with Solana (SOL), including centralization and network stability. This resulted in several outages, making some investors concerned about its future.
Collateral Network (COLT)
Collateral Network (COLT) is a web3 peer-to-peer lending platform that’s disrupting the lending industry. By enabling users and SMEs to borrow cryptocurrencies against physical assets on the blockchain, Collateral Network (COLT) is revolutionizing the way we think about loans and collateral.
The uniqueness of Collateral Network (COLT) lies in its ability to mint NFTs against physical assets, fractionalize them, and then allow the community to fund loans through those fractions. This groundbreaking approach enables borrowers to obtain loans against tangible assets such as real estate, fine art, vintage cars, gold, and more, while lenders enjoy the opportunity to earn a fixed rate of interest on their capital.
Collateral Network (COLT) addresses several problems plaguing the lending industry, such as difficulties obtaining loans against non-traditional assets, the outdated pawnbroking industry, geographical issues, and the limitations of lending protocols in the crypto space. This opens up new possibilities for borrowers and investors by offering a decentralized lending marketplace for real-world assets.
Holders of Collateral Network’s native token, COLT, can look forward to benefits such as discounts on borrowing fees and interest, exclusive access to online auctions of distressed assets, and staking opportunities to earn passive income. With a 3500% price increase predicted during the presale and a projected 100x surge upon listing on major exchanges, there’s no doubt that Collateral Network (COLT) is a project to watch.
As the crypto landscape evolves, projects like Litecoin (LTC), Solana (SOL), and Collateral Network (COLT) continue to innovate and garner attention.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Solana (SOL) and Aptos (APT) May Lose Recent Momentum; Uwerx (WERX) Presale Primed for a Big 2023
Solana (SOL) and Aptos (APT) are among the early winners of 2023. Notably, Aptos (APT) did a 6x and breached record highs thus far in January 2023, while Solana (SOL) rebounded from its disastrous 2022 by going on a rally after hitting sub-$10 levels last year. Nevertheless, veteran crypto traders believe that those looking into investing in Solana (SOL) and Aptos (APT) should digress from these overvalued coins that already had their day in the sun in favour of high-potential presale tokens like Uwerx with massive upside potential, low presale prices, and tangible real-world utility.
Will Aptos (APT) Sustain its Momentum in 2023?
Aptos (APT) began 2023 with a bang with a massive 6x surge. The smart contract platform launched last fall of 2022, and pretty soon, speculators caught wind of the fact that the team behind Aptos (APT) was previously connected with Facebook, helping Aptos (APT) hover around the top 50 cryptocurrencies by market capitalization.
Aptos (APT) is shaping up to be a key part of the PancakeSwap ecosystem, with the latter holding over 50% of the total value locked in the Aptos (APT) ecosystem. PancakeSwap is making the most out of its partnerships with Aptos (APT), making both blockchain protocols synergistically beneficial to each other.
Solana (SOL) Rallies From the Abyss, But Can It Keep the Pace?
Solana (SOL) got off to a good start in 2023, beginning the year with a massive rally. However, Solana (SOL) was heavily affected at the height of 2022’s bear market – tarnishing its once-solid reputation and running it aground with a series of hacks, security incidents, and controversies. Solana (SOL) was once worth $261 at its all-time high; today, Solana (SOL) sensationally crashed below $25.
Ultimately, Solana (SOL) was way oversold, but its history of hacks in the past and its recent struggles will change everything about Solana’s (SOL) price predictions moving forward. The collapse of FTX, one of the largest Solana (SOL) holders, may trigger a firesale of over 60 million Solana (SOL) tokens to make investors whole again.
Uwerx (WERX) Presale Looking to Disrupt US$1T Gig Economy
Uwerx, a newly-launched blockchain protocol currently in its presale phase, is shaping up to be one of the best investments of 2023. According to crypto analysts, Uwerx, with its unique value proposition, possesses strong growth factors that can see it take a large chunk of the trillion-dollar gig economy from competitors such as Fiverr, Freelancer.com, and Upwork as the first Web3-enabled freelance marketplace ever.
Most experienced crypto investors will agree that buying early into projects with high upside potential is how fortunes are built in the industry. And with Uwerx’s status as one of the key disruptors of the freelance and gig economy – not to mention its small market capitalization – investors are virtually guaranteed to make a profit by joining the Uwerx presale.
Uwerx has assuaged cautious investors’ fears after having completed its audit by renowned crypto audit firm InterFi Network and Solidproof. Moreover, investors in for the long haul will be delighted to know that Uwerx will be locking platform liquidity for the next 25 years after its prelaunch.
This gives crypto analysts reason to believe that Uwerx will emerge as one of the lucrative sector’s unicorns. Uwerx’s native token, WERX, is currently available at $0.0075 per WERX token during the first phase presale event.
Investing into the Uwerx presale now can bring gains of as much as 5,000% in 2023. Join the Uwerx presale using the links below to find out how you can make your first purchase and earn an extra 25%.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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Market Experts Predict Greater Gains From Sparklo (SPRK) Than Solana (SOL) And Toncoin (TON)
Many investors looking for long-term profitability are gravitating towards Sparklo, a project in its presale run that could overhaul an entire industry! And with prominent tokens such as Solana (SOL) and Toncoin (TON) slowly falling down the charts, experts believe this crypto newcomer may outperform them in 2023. Keep on reading and find out why!
Solana (SOL) Welcomes Helium (HNT) On Its Network
Helium (HNT) recently completed its migration to the Solana (SOL) network. This migration will open the door for new utilities for Helium (HNT) that only Solana (SOL) can provide, such as DeFi and new composability.
Despite this, the Solana (SOL) token has been struggling this past week as it trades at $22.75, down 3.40% in the past day alone. The technical analysis for Solana (SOL) also paints a dire picture, as all of its technical indicators and moving averages show strong sell signals.
Experts predict this bearish trend will continue as Solana (SOL) falls to its support level of $22 and consolidates.
Toncoin (TON) Under Bear Control
In recent news, the Ton blockchain launched its new token bridge, the first limitless bridge that allows for the easy transfer of ERC-20 tokens to Ton’s Jetton.
However, this news has not affected the Toncoin (TON) value as it now has a price of $2.26, which is a fall of 1.51% overnight. It is evident that bears still control Toncoin (TON) as it is trading below its moving averages and with all technical indicators in red.
On a positive note, the trading volume for Toncoin (TON) has increased by 29% in the last 24 hours, reaching $24,213,999. Even if Toncoin (TON) shows green charts again, investing in projects with more utility and room for growth would be more beneficial as Toncoin (TON) currently lacks that.
Sparklo (SPRK) – The Presale Sensation
The first metal trading platform for the cryptocurrency sector is being constructed by the breakthrough initiative Sparklo. This decentralized, Ethereum-based investment platform will allow investors of all income levels to purchase fractions of metals such as silver, gold, and platinum.
Sparklo will mint an NFT representing the physical version of the metal, fractionalize it and then allow users to invest in them, partially or fully! With this investment method, more individuals can become fractional owners of an asset without actually purchasing the whole item.
Sparklo will lock liquidity for 100 years to prevent any rug-pull concerns while freezing team tokens for 1,000 days. Additionally, an audit by InterFi Network has been done, and a KYC audit is underway – making every investor rest easy!
This project is currently in Level One of its presale, costing just $0.015. However, this price will not remain this low forever, as experts predict it could rise to $0.60 by September 2023. If you do not want to miss out on this 3,900% gain, sign up for its presale below!
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Can Solana (SOL) regain all-time highs this summer?
Solana (SOL) has gained significant attention in the crypto world since its launch in 2020. However, the recent price fluctuations of SOL have left investors wondering whether the cryptocurrency can recover and regain its all-time high. Avorak Trade’s indicators recently provided significant insights into Solana’s potential for recovery and ability to regain its all-time high this summer.
What is Solana?
Solana is a layer-1 blockchain that uses a PoH (Proof-of-History) consensus mechanism to provide faster, cheaper, and more energy-efficient transactions than PoW (Proof-of-Work) blockchains like Bitcoin. Solana (SOL) was one of the most popular cryptocurrencies in 2021, with its price skyrocketing to an all-time high (ATH) of $260.06. However, Solana’s price declined significantly as a result of the FTX collapse and constant technical issues on its network. The increase in scrutiny by financial watchdogs and overall crypto market correction has also had a toll on the SOL price.
Will Solana recover?
Despite facing some challenges, Solana’s ability to solve several scalability and speed issues that have plagued more popular blockchain platforms like Bitcoin, coupled with its strong and committed development team, makes it a promising platform for the future of decentralized finance (DeFi). While the recent price fluctuations of SOL are a cause for concern, Avorak Trade has provided optimistic forecasts for the future value of Solana. Additionally, several analysts suggest that Solana’s advanced blockchain technology, combined with the growing adoption of DeFi, could drive demand for SOL and contribute to its recovery in the long run. However, Avorak Trade’s indicators and many analysts indicate that it is highly unlikely that Solana (SOL) can reach its ATH in the summer of 2023.
What is Avorak Trade, and how can it help?
Avorak Trade is one of Avorak AI’s products. Avorak is a new AI platform built on the BNB Smart Chain, which offers worldwide access to a wide range of AI solutions through its crypto payment system.
Avorak Trade is a full market analysis trading bot that works the same way as a traditional trader. Avorak Trade can help investors gain from Solana by leveraging the power of artificial intelligence and machine learning algorithms to make informed trading decisions. The AI trading bot can monitor the price fluctuations and trading volume of SOL, identifying patterns and trends that could signal an opportunity to buy or sell. Avorak Trade can also monitor news and social media sentiment related to Solana, providing valuable insights into the sentiment of the market and potential price movements.
The Avorak AI trading bot uses AI algorithms, such as deep learning to analyze historical and real-time market data, identify potential trading opportunities, and execute trades on behalf of the investor. Avorak’s trading bot includes several unique features that increase its usability and applicability to traders at any level. For example, Avorak Trade doesn’t require code-based inputs and can be programmed to work on multiple exchanges. Avorak’s AI algorithms also make it possible for Avorak Trade to provide predictions on other asset classes, such as stocks and fiat money.
The AVRK token guarantees access to Avorak AI and its services. AVRK is expected to rise by 16.67% as the Avorak ICO event enters phase 5 on April 22nd. Many investors have been joining Avorak’s ICO to get benefits, such as the token bonus. With exchanges like Azbit already announcing plans to list AVRK, several crypto watchers suggest that the token might witness a significant surge in price after its launch in July.
To get more information on Avorak AI and its ICO:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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Will Tron (TRX) or Solana (SOL) Be the Next FTX Victim? Uwerx (WERX) Can Beat Them to Gains
The crypto market was reeling in 2022 from the failure of the FTX exchange. Many firms have been caught up in the contagion, but investors should be careful not to assume that the troubles have gone away. Tron (TRX) and Solana (SOL) are two projects with headwinds. Investors should step away from these risky projects and consider Uwerx which can reward them with big gains this year.
Uwerx (WERX) Can Avoid Trouble and Win Big
Uwerx will help investors to avoid the contagion risk in many developed projects. Those projects have also seen their big return for investors, and it would be a slow grind higher for a rebound. Uwerx could win big because it is still under the radar. It is also operating in a niche area of crypto with no competition and a fast-growing market.
Uwerx is creating a platform to bring employers and freelance workers together. The sector is booming, with the dominant players raking in big revenues. However, Uwerx wants to improve the process for all with lower fees and faster transaction speeds. The digital ledger also provides a better architecture for data security and storage. The project is currently in a presale at $0.01 and investors should look to get in early to what could be a blue-chip crypto one day.
Solana (SOL) Struggles with TVL Numbers
Solana (SOL) got investors excited with a 100% gain at the start of 2023, but the coin had destroyed fortunes prior to that with a drop from $250 to $8. The Solana (SOL) chain had been the darling of the crypto industry in 2020-21 but has since seen its fortunes change. A series of security breaches and hacks saw developers run away from Solana and the number of investors dried up.
Solana (SOL) may have seen its token rally, but the project needs help with Total Value Locked (TVL) on the chain. Solana had $12bn of TVL in November 2021, but that has slumped to only $242 million and there has been a movement of NFT projects going to other chains, such as Magic Eden. The big problem for SOL holders is that the project sold 60 million tokens to the trading arm of the defunct exchange FTX. Auditors may now sell those tokens to raise creditor funds, which would negatively impact the coin’s price.
Tron (TRX) Under Pressure from USDD
Tron (TRX) had a rough year in 2022 as the project suffered from its ties to the USDD stablecoin. Justin Sun, the founder of Tron (TRX), created the USDD stablecoin just in time for the collapse in DeFi projects and the struggles at other stablecoins. The price of Tron (TRX), the 18th-largest token by market cap, recently dropped 8% amid fears for the crypto exchange Huobi. Sun is now on Huobi’s advisory board, and the exchange said Friday it will cut its headcount by 20%.
Tron (TRX) lost value as the USDD stablecoin surrendered its peg to the US dollar again. The Tron Foundation had moved before to add further capital and defend the $1.00 peg.
Meanwhile, security firm PeckShield said that crypto wallet addresses linked to Sun moved over $50 million to crypto exchange Binance. Investors should be careful about holding both Tron (TRX) and Solana (SOL) and go for an easier ride in Uwerx.
It is our belief that Uwerx holds significant promise and may be worth considering despite the potential risks. The project has already undergone successful audits by InterFi Network and SolidProof, and its liquidity will be secured for a 25-year period following the conclusion of the presale.
Additional information on Uwerx, the competition to win $5,000 of WERX and the 25% purchases bonus can be found through the provided links.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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Crypto Market Analysis Today: BNB, LINK, ARB, SOL Price May Explode Soon
The crypto space continues to remain stuck within a narrow range as the global market capitalization witnesses a slight jump of 0.5% to rise beyond $1.27 trillion. Meanwhile, the trading volume of the crypto space also underwent a slight jump of 4.71% and now stands at $44.78 billion. Also, Bitcoin dominance is dropping every day as it plunges below 46% to reach 45.57% at the moment, offering a good chance for the altcoins to thrive.
The altcoin market cap is approaching a crucial juncture, and if cleared, a massive altseason may trigger, lifting most of the altcoins within the crypto space.
As per the analyst, Moustache, if the altcoin market cap surpasses the dotted line, then the majority of the altcoins are believed to fly high. In such cases, below are some of the altcoins that may explode.
BinanceCoin (BNB)
- Binance coin price is trading within an ascending triangle since the start of 2023 and is approaching the upper resistance of the pattern
- A breakout from the resistance may rise the price levels beyond $450, meanwhile, the fear of the bearish action may still hover over the BNB price
- However, the bulls may still hold the price tight above major support at $400 in case of an extended bearish action
Chainlink (LINK)
- Chainlink price has been trading within the range between $5 to $9 since May 2022, signifying an extended accumulation
- Such a long-time accumulation usually explodes heavily which results in an acute price action towards the north as it has rebounded from the 50-day MA levels
- The price is believed to rise beyond $15 to $18, if the bulls managed to breach the levels around $9.1
Arbitrum (ARB)
- The price witnessed a massive drop soon after its inception and plunged hard toward the lower levels
- However, the breakout from the consolidation resulted in a notable upswing which compelled the price to trade within a symmetrical triangle
- The price has broken from the triangle which may now result in a price rise toward $2.5 to $2.8.
Solana (SOL)
- Solana is encountering resistance which is expected to take out soon as it has already formed a strong bullish structure
- Once the resistance is broken, the price is expected to surge by 100% with a target to reach $45 to $50.
Which Cryptocurrency Gem To Invest in? Solana (SOL), Uwerx (WERX) or Tron (TRX)?
While the crypto news these days is peppered with the aftermath of the FTX collapse and what negative impacts it is creating, many are looking toward the future. Investors are trying to find the perfect cryptocurrency to invest in that can potentially turn profitable.
Amongst these, Solana (SOL), Uwerx, and Tron (TRX) show significant hidden prowess.
Solana (SOL) Can Rebound to Former Glory
One of the most practical-looking “Ethereum Killer” blockchain networks, Solana (SOL) was a hot topic in recent years. Faster, efficient, and extremely cheap to the point of almost having a negligible fee, it seemed like it would flip Ethereum soon. Once topping $250 per SOL and $2.62 billion being traded daily, Solana (SOL) quickly slipped as it was marred by technical issues and a connection with FTX.
Today, Solana (SOL) trades at a modest $25, however, the network still has merits, even agreed upon by none other than Vitalik Buterin, the founder of its main rival Ethereum.
In the coming months, Solana (SOL) can recapture a good market as it starts to overcome its issues. If it does, a lot of crypto experts are saying it can hit as much as $100 in 2023, even $200 if it pushes hard.
Even taking the modest $100 prediction, this is still a significant price jump of 525%, making Solana (SOL) a hidden gem.
Uwerx (WERX) Crypto Presale is a Hidden Gem
Uwerx could turn out to be the biggest potential gain in the market this year. Built to disrupt the freelancing market and take on the biggest platforms, Uwerx and its WERX token take the biggest problems in the freelancing market and offer novel solutions.
Upwork, the largest freelancing digital market, is routinely criticized for the extraordinary fee that it takes from freelancers’ earnings. With a flat 1% fee, Uwerx is one of the cheapest options that can take on Upwork and Fiverr combined. At the same time, the Uwerx development team also offers token value security through a third-party audit (InterFi Network and Solidproof) and a 25-year liquidity promise after the presale ends. Following this, the team has also decided to remove all transactional taxes, along with ownership – making Uwerx a truly decentralized project.
While a newcomer, Uwerx has easily made it into the top coins list of many crypto analysts. With a presale currently ongoing at $0.0065, analysts believe that Uwerx has the potential to hit $0.90 by the end of 2023. These experts believe Uwerx may cross $2.5 before Q1 2024 ends. That is almost a 25,000% increase!
Tron (TRX): From Content Sharing to Everything
Designed to be a content-sharing and earning platform, Tron (TRX) is a major blockchain network and cryptocurrency today. It boasts big projects under its vast umbrella of operations, even the file-sharing service BitTorrent.
Like all other cryptos, Tron (TRX) has slipped heavily compared to its ATH ($.22 with $2.44 billion traded daily). Today, Tron (TRX) is 77% down overall and resting around the $0.05 mark.
However, long-term partnerships, acquisitions, and strategic collaborations have many experts convinced it can gain anywhere between 200% to 280% in 2023 and settle around $0.15 to $0.19. This makes Tron (TRX) one of the few gems in 2023 that will rise.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
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Uwerx (WERX) Presale Could Set New Records in 2023, Easily Outperforming Solana (SOL) and Uniswap (UNI)
Uwerx, the freelance platform built on the Polygon (MATIC) network, could be on track to set new records with its staggering returns. According to recent market analysis, Uwerx has the potential to easily outperform competitors like Solana (SOL) and Uniswap (UNI). With its unique features, Uwerx has attracted a strong community of supporters and established itself as a promising investment option!
As the market continues to evolve, Uwerx could be poised to make a big impact and achieve impressive returns.
Solana (SOL): Is This Cryptocurrency Poised for Greatness?
Solana (SOL) is a decentralized public blockchain and cryptocurrency project that is known for its quick transaction speed (3,400 transactions per second vs. Ethereum’s (ETH) 15 transactions per second). However, despite this advantage, Solana (SOL) has struggled in the market in recent years.
As of January 8, the price of Solana (SOL) is $24.76, representing a change of 3.5% over the past 24 hours.
One factor that may have contributed to Solana’s (SOL) struggle is the network’s tendency to go down. In 2022, the Solana (SOL) network went down three times, with the most recent large outage occurring on September 30. This has brought the total number of severe outages to five.
Is Uniswap (UNI), The Decentralized Cryptocurrency Exchange Empowering Traders and Investors?
The price of Uniswap (UNI) is $6.38, representing a change of 0.55% over the past 24 hours.
Uniswap (UNI) is a decentralized cryptocurrency exchange built on the Ethereum blockchain. The Uniswap (UNI) exchange allows users to buy and sell tokens directly with each other, without the need for a central authority or traditional exchange.
The recent drop in the price of Uniswap (UNI), as well as its deviation from its previously up-trending price chart, can largely be attributed to two main factors. The first is the slowdown of the overall crypto market rally, which has affected the value of many cryptocurrencies. The second is allegations of fake token volumes on the Uniswap (UNI) decentralized exchange (DEX).
Revolutionize Your Freelance Career with Uwerx (WERX): The Blockchain-Powered Cryptocurrency Platform Taking the World by Storm
Uwerx the first blockchain-based, decentralized freelance platform boasts some of the lowest fees in the industry. With a flat fee of just 1%, it’s significantly cheaper than competing platforms that charge an average of around 20%.
Uwerx will also offer tokens as a reward to users who contribute to the community and participate in platform activities, the WERX token will also serve as a medium of exchange on the platform for goods and services. Uwerx will also implement a token burn mechanism where a certain portion of tokens are periodically burnt to ensure scarcity and thus maintain value. Importantly, a performance-based incentivized reputation system will also be introduced in order to encourage high-quality work.
With all these benefits, it’s no surprise that Uwerx is predicted to become a major player in the freelance industry. In fact, our research shows that the current price of WERX, the cryptocurrency used on the Uwerx platform, is around $0.0065, with a predicted value of $2.60 in 2023 and an average value of $2.8 for the year. Some analysts even estimate that WERX could increase by an impressive 8,500% in the future.
The smart contracts for Uwerx have been audited by InterFi Network and Solidproof, and they have passed the audit with excellent results. Furthermore, liquidity for the project will be locked for 25 years after the presale period, which has instilled high levels of confidence among experts, analysts, and investors regarding the project’s legitimacy and potential success.
Don’t miss out on this exciting opportunity! To participate in the Uwerx presale and learn how it can benefit your business, freelance career and investment. Be sure to visit the links below to gain an extra 25% on your purchase of WERX tokens:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
| 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 research before taking any actions related to the company.
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Top Analyst Maps the Next Target for Arbitrum (ARB), Solana (SOL) & Cosmos (ATOM)
Bitcoin price smashes new yearly highs at $31,000 for the first time in the past nine months. The gigantic recovery which sparked at the beginning of 2023, is approaching some crucial levels. Meanwhile, some of the altcoins, like ARB, SOL, and ATOM, are displaying acute bullish momentum.
One of the top analysts, Altcoin Sherpa, frames the next move of the popular altcoins and believes that these tokens are at the foothills of a massive explosion. The analyst says that the ATOM price has already reached the higher time frames and may continue to chop around. Therefore, he believes the price may continue to consolidate as not much volatility is witnessed at the moment.
“ Atom: High time frames I think that this looks pretty good, EMAs all reset on the 1D and price continuing to chop around. With that said, I don’t see any reason to buy this one for active traders. Not much volatility or strength relative to the rest of the market rn,”
Further talking about Solana, the analyst believes the price has reached crucial levels and hence may face an interim pullback. However, the drop is expected to attract more liquidity that may ignite a fine upswing thereafter.
“ SOL: Interesting level here; not a buyer. S/R horizontal resistance area +200d EMA, I’m expecting a short pullback to the EMA cluster around $22. This is a buy the dip situation though IMO,”
Moving ahead to Arbiturm, Altcoin Sherpa sees huge possibilities of surging beyond $2 in the coming days. The ARB price has been displaying enough strength despite suffering a notable pullback recently. Therefore, to undergo a significant breakout, the altcoin has to clear the upper barriers and set up a bullish path towards its target.
“ARB: Bought at $1.25, sold at $1.38 or something should have held. I still think that there’s more juice left in the tank for this on.
Using these fib extensions, send to $2+,”