Meme coins might be fun, but holding them rarely has any additional benefits. This is in stark contrast to utility tokens, which provide unprecedented access to some of blockchain’s most innovative projects.To find out which utility tokens are the best, here are the 12 hottest options on the market right now:Metacade (MCADE)AltSignals (ASI)Chainlink (LINK)1Inch Network (1INCH)Basic Attention Token (BAT)Binance Coin (BNB)Ripple (XRP)Chiliz (CHZ)Ethereum (ETH)Yearn.Finance (YFI)Enjin Coin (ENJ)Decentraland (MANA)1. Metacade (MCADE)What is Metacade?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=13">Metacade</a> (MCADE) is a GameFi platform that offers a vast selection of different arcade-style games in a single location. Each title has play-to-earn mechanics, allowing gamers to earn cryptocurrency rewards while they progress through levels and advance their skills.Gameplay in the metaverse arcade ranges from casual to competitive, as Metacade’s Compete2Earn feature allows players to go head-to-head for the chance to win major prizes paid in MCADE tokens.MCADE has vast utility within the Metacade ecosystem, with its primary use case being to provide rewards as users participate in the platform’s various features. Metacade’s features go beyond the arcade, as users can also earn MCADE while sharing knowledge, interacting with other users, and testing out new blockchain games before they are officially launched.Metacade aims to become a central hub for the Web3 community as it offers a central location to access some of the most valuable alpha in the blockchain gaming and cryptocurrency space. MCADE powers an advanced incentive system that is expected to attract a significant number of users over time.Why buy MCADE?Not only is Metacade a comprehensive GameFi platform with a range of earning mechanics, but the platform also supports the development of new arcade games directly through the Metagrants program. MCADE token holders can vote to decide which new projects receive funding, as MCADE gains additional utility as one of the best governance tokens to be launched in recent times.The MCADE token presale has attracted $12m worth of investment and is now in its final stage. As a brand-new project in the crypto space, Metacade has immense potential for growth and the presale could be the perfect opportunity to get involved.>>> You can participate in the Metacade final stage presale <a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=13">here</a> <<<2. AltSignals (ASI)What is AltSignals?<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_utilitytokens&utm_content=as_members_launch&utm_id=13">AltSignals</a> (ASI) has supported 50,000 crypto traders with profitable trading signals since it first launched in 2017, and is now expanding its blockchain offering with an artificial intelligence toolkit.The platform’s proprietary trading indicator, AltAlgo, has helped traders who matched its calls to 10x their portfolio in 19 separate months. The new AI-powered toolkit, ActualizeAI, is designed to improve the frequency and accuracy of trading signals, which gives it massive value in the realm of crypto trading.ActualizeAI uses natural language processing (NLP) and predictive modelling to achieve a higher accuracy rate than alternative trading tools. Its machine learning capabilities are expected to constantly evolve its utility, which is accessed through holding the project’s new native token, ASI.ASI also gives access to AI Members Club, which provides additional benefits to AltSignals users. By holding the ASI utility token, users gain access to lucrative investment opportunities for early-stage cryptocurrencies and can compete in online trading tournaments for the chance to win cryptocurrency prizes.Why buy ASI?The ASI token is brand-new and powers an existing platform that has a proven track…

Crypto gaming coins are some of the most sought-after investment opportunities in Web3, and for good reason. The GameFi sector is a fast-growing industry that has the potential to revolutionize traditional gaming forever.For anyone seeking the best gaming tokens to buy right now, here are 13 of the most promising investments available now:Metacade (MCADE)DApp Rader (DAPR)Axie Infinity (AXS)Enjin Coin (ENJ)STEPN (GMT)Star Atlas (ATLAS)The Sandbox (SAND)ApeCoin (APE)Upland (UPX)Gala Games (GALA)Decentraland (MANA)AltSignals (ASI)Illuvium (ILV)1. Metacade (MCADE) – One of the Hottest Gaming Crypto CoinsWhat is MCADE?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=14">Metacade</a> is the biggest on-chain arcade. The platform offers the largest collection of play-to-earn arcade games out of any comparable project, which is unique in the world of Web3. While most gaming platforms offer a single gaming experience, Metacade offers many all in one location.Games in the Metacade can be played casually or competitively, and every single title provides automatic financial rewards through the play-to-earn mechanic. Users can earn MCADE tokens while progressing through endless levels or by competing against other gamers directly in exclusive tournaments.Metacade also aims to become a central hub for the Web3 community. It will contain all the latest information about the best gaming crypto projects, including the latest trends and alpha. The community hub rewards content creators for their contributions, which is an innovative incentive system that could serve many users over the coming years.Metacade also aims to support the expansion of blockchain technology directly through the Metagrants program. The community can vote to decide which new arcade games are best, before Metacade provides direct funding to help make the idea a reality. Community members can also test out new games before they are officially released and earn a crypto income in the process.Why buy MCADE?Metacade is a comprehensive GameFi platform and one of the most exciting gaming crypto projects around right now. The MCADE token recently launched during a highly successful presale event, which is still ongoing.The presale gives investors a unique opportunity to get involved in a high-potential blockchain project during its earliest stages of development, which has led many experts to forecast impressive returns on any presale investment.MCADE is currently worth just $0.0185. It has already attracted $12.1m of investment in just 17 weeks since the beginning of the presale event, which is now in the final stage before listing on exchanges.>>> You can participate in the Metacade final stage presale <a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=14">here</a> <<<2. DApp Radar (RADAR)What is RADAR?Dapp Radar is a platform that advertises decentralized applications. It allows anyone to gain greater access to the best gaming crypto projects around. It works in a similar way to traditional app stores such as Google Play Store or the Apple Store, as Dapp Radar contains thousands of blockchain-based applications for users to download and use.Dapp Radar solves a key problem for the blockchain industry, which often relies on word of mouth to spread awareness about new dApps and gaming crypto projects. By collecting many of the best dApps all in one location, Dapp Radar has positioned itself in a strong position over the coming years.RADAR is the new native token for the platform which is designed to help Dapp Radar scale. The platform aims to improve project listings, and expand the number of dApps that are available to download. RADAR serves a governance token where holders can vote and contribute towards the future successes of the platform.As well as this, RADAR can be used to earn passive staking rewards on the Dapp Radar platform. This provides all token holders the chance to generate…

OKX will cease operation in Canada in June 2023.The exchange has already sent an off-boarding message sent to Canadian OKX users.Canadians will not be able to open new OKX accounts starting on March 24, 2023.The price of OKB, the native token of the OKX crypto exchange has dipped by almost 6% after the crypto exchange revealed that it will be ceasing operations in Canada in three months’ time.At press time, the OKB token was trading at $46.01 after a 5.89% drop in the past 24 hours. The token has been on a sharp decline since Saturday, March 18, 2023, dropping from a high of $51.42 to its current price.OKX to cease operations in CanadaA communication made today by OKX has indicated that the crypto exchange will cease operation in Canada on June 22, 2023.OKX made the communication via emails to their Canadian users. The email states that the exchange “will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST.”OKX cited new regulations for the decision to withdraw from the country. Existing Canadian customers must close open positions in perpetual, futures options, and margins by June 22, 2023.  The customers must also withdraw their Fiat and token deposits by the same date.The exchange stated:“Your funds will remain safe in your account until you withdraw them. You will be able to withdraw dollars to your linked bank account and cryptocurrency to your self-custody wallet or your cryptocurrency account on another exchange.”OKX however says that the move to exit the Canadian market is temporary as it works with regulators to solve the issue. OKX wrote saying: “We hope to see you again in the future. Stay tuned.”OKX is not the first crypto exchange to exit Canada. Bittrex Global off-boarded Canadian users on July 29, 2022, after a similar advance notice citing regulatory issues.Canadian crypto regulationsOn February 22, 2023, the Canadian Securities Administrators (CSA) published a notice requiring cryptocurrency exchanges to sign new, legally-binding agreements while they await registration with the regulatory. The agreement prohibits “buying or depositing Value Referenced Crypto Assets (commonly referred to as stablecoins) through crypto contracts without the prior written consent of the CSA” among many other items.All cryptocurrency exchanges must register with Canadian regulators before onboarding Canadian users. KuCoin and Bybit were fined in June last year for allegedly operating in the country without cooperating with the requirement.The post OKB price dips: OKX to cease operations in Canada appeared first on CoinJournal.

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Former Coinbase CTO says Bitcoin will hit $1.0 million by June 17th.Custodia Bank founder dubs BTC an insurance policy; a scarce asset.Bitcoin is currently trading well above its 200-day Moving Average.Bitcoin will take hardly three months to shoot up to $1.0 million per coin, says Balaji Srinivasan – the former CTO of Coinbase Global Inc.Why is he super bullish on Bitcoin?The entrepreneur and investor relates his super bullish view to the recent bank failures that he warns will hyperinflate the U.S. dollar. In a recent tweet, he said:“Central bank, the banks, and the bank regulators have bankrupted all of us. They hid their insolvency from you, the depositors. And they’re about to print $2.0 trillion to hyperinflate the dollar.Srinivasan also launched a campaign he’s calling “BitSignal” that promises a $1,000 reward (each) to 1,000 best pieces of content that informs on the impending devaluation of the USD.BTC is currently trading well above its 200-day Moving Average.Srinivasan is in a bet with James MedlockSrinivasan made the forecast on Twitter where he agreed to a bet with James Medlock (pseudonymous Twitter speaker) to whom he’ll have to pay $1.0 million if Bitcoin doesn’t hit his suggested valuation by June 17th.You buy 1 BTC. I will send $1.0 million. This is ~40:1 odds as 1 BTC is worth ~26K. The term is 90 days.The discussion started on March 17th when Medlock said he was willing to bet $1.0 million that fears of hyperinflation in the United States were merely overblown – a bet that Srinivasan accepted.Also on Monday, Custodia Bank founder Caitlin Long dubbed Bitcoin an insurance policy; a scarce asset.The post Bitcoin is only 90 days away from hitting $1.0 million: Pro appeared first on CoinJournal.

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Polygon Labs and Immutable are eyeing faster and seamless onboarding of Web3 game developers and users.The launch of a zkEVM powered platform for studios and developers is expected in a few months’ time.Immutable zkEVM will see users benefit from true ownership of in-game assets.Polygon Labs and gaming platform Immutable have announced a strategic partnership that aims at developing a zero-knowledge powered blockchain platform for Web3 gaming.The new EVM-compatible ZK-rollup is dubbed “Immutable zkEVM” and will be powered by Polygon’s zero-knowledge technology. Polygon said in a blog release that they expect Immutable zkEVM to go live in coming months, promising full support for developers and users on Immutable.Both MATIC and Immutable X were trading lower after the partnership news, with altcoins down as Bitcoin looked to cement gains above $28,000.Immutable zkEVM to boost Web3 gamingPer the announcement, integrating with Immutable zkEVM will see studios and game developers benefit from “faster, easier and less risky” development of Web3 games.Immutable zkEVM will help accelerate Web3 adoption, Polygon Labs president Ryan Wyatt said, noting that the partnership is a huge step in the quest to empower developers. Also benefitting immensely from the platform will be users, who can now enjoy true ownership of in-game assets.“By leveraging Immutable’s top world-class gaming platform, game development becomes seamless, allowing for the creation of rich and unique gaming experiences,” he added.The collaboration between Polygon and Immutable comes just a week before Polygon zkEVM launches on mainnet beta. Numerous blockchain gaming projects are building on Polygon, with notable brands including Ubisoft, Animoca, Atari, Decentraland, and The Sandbox.The post Polygon and Immutable partner to accelerate Web3 game development appeared first on CoinJournal.

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MetaMask and MoonPay have partnered to enable more Nigerians to buy crypto directly via instant bank transfers.About 12.4 million Nigerians own crypto, with the country the third largest MetaMask market in the world.ConsenSys said in a press release that the integration will help expand crypto adoption across Africa.Nigerians can now buy crypto with bank transfers directly from their MetaMask wallet app, Web3-focused crypto company ConsenSys has announced. The offering follows a partnership between MetaMask and Web3 payment provider MoonPay, ConsenSys said in a press release on Tuesday.Crypto and Web3 adoption in AfricaAfrica is one of the fastest growing cryptocurrency markets, with millions of people using crypto for payments and as an investment. The integration of seamless crypto purchases via bank transfers means buying bitcoin or other crypto in Nigeria will significantly improve, given nearly 90% of attempts to do so with credit or debit card often failed, the company noted.  According to MetaMask Senior Product Manager Lorenzo Santos, expanding MoonPay’s payment infrastructure in Nigeria is a step towards reducing challenges that come with fiat on-ramps.“This is an essential next step in a critical market that has embraced crypto and web3 but faces serious challenges when using fiat to crypto on-ramp. We are reducing friction and bringing down barriers to keep supporting Nigerians as they onboard into web3,” he noted.MetaMask and MoonPay’s integration also means that people looking to buy cryptocurrencies in Nigeria can do so without having to open accounts on centralized crypto exchanges.Recent research shows that Nigeria ranks highest on the continent in terms of crypto owners, with an estimated 12.4 million Nigerians, or 5.7% of the country’s population, said to own cryptocurrencies. Meanwhile, Nigeria is the third largest MetaMask market globally in terms of mobile active users.ConsenSys and MoonPay plan to extend the on-ramp experience to more users across Africa, with the service set for rollout in Kenya, South Africa and Botswana in April.The post MetaMask partners MoonPay to enable direct crypto purchases in Nigeria appeared first on CoinJournal.

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Solana crypto price has been in a recovery mode recently.Its DeFi total value locked (TVL) has dropped sharply.Solana NFT transactions have been in a downward trend.Solana price has been in a strong upward trend in line with the strong crypto rally. SOL jumped to a high of $24 this week as Bitcoin surged to a multi-month high of over $28,500. At its peak this week, the coin was up by about 50% from its lowest point this month.Disappointing on-chain metricsSolana and its ecosystem is not doing well even as the coin’s price has jumped in the past few days. First, data compiled by DeFi Llama shows that the total value locked (TVL) in Solana has plunged to about $252 million. At its peak, Solana was one of the biggest players in the industry with a TVL of over $12 billion.Solana’s DeFi TVL crashed after the collapse of FTX, which was then the second-biggest player in the crypto industry by valuation. FTX had a stake in both Solana and other players in its DeFi ecosystem, including Serum. At its peak, Serum had a TVL of over $1 billion and was the biggest player in the ecosystem.Other parts of Solana’s ecosystem are not doing well either. Earlier this year, SOL price soared after the launch of Bonk, a meme coin that sought to compete with Shiba Inu. Today, Bonk has flopped as its popularity waned.Solana’s NFT ecosystem is also not doing well. In February, total sales in its NFT ecosystem came in at over $76 million, which was lower than January’s peak of over $158 million. In March, it has sold NFTs worth about $57 million. With just a few days to go, all indications are that March will be a weaker month than February.Meanwhile, as shown below, the number of daily active Solana accounts has been in a downward trend. It stood at 116k on March 16, lower than the year-to-date peak of 243k.Solana price predictionMediaThe 4H chart shows that the SOL price has been in a bullish trend in the past few days. Along the way, the coin has formed a rising wedge pattern, which is a bearish sign. It is now slightly above the lower side of this wedge pattern. Solana remains slightly above the 25-day and 50-day moving averages and the 50% Fibonacci Retracement level.Therefore, since the wedge is yet to reach its confluence, Solana price will likely retest its upper side at about $24 and then have a bearish breakout.How to buy SolanaeToroeToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.Buy SOL with eToro today Disclaimer PublicPublic is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.Buy SOL with Public today Disclaimer The post Solana price forms a rising wedge amid weak on-chain metrics appeared first on CoinJournal.

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Key takeawaysPolygon Labs has partnered with Immutable X to launch the Immutable zkEVM.IMX is down by 12% today despite the strategic partnership announced between Polygon Labs and Immutable X.The broader crypto market is underperforming after an excellent rally yesterday.Polygon Labs and Immutable X announce a strategic partnershipPolygon Labs announced in a blog post on Monday that it has partnered with Immutable X to launch the Immutable zkEVM. Polygon Labs added that building on Immutable zkEVM with the Immutable Platform would make developing Web3-enabled games faster, easier and less risky for large game studios and independent developers alike. Despite this latest cryptocurrency news, IMX, the native token of the Immutable X ecosystem, has been underperforming over the past few hours. IMX is down by 12% in the last 24 hours and could drop lower if the trend continues.At press time, the price of Immutable X stands at $1.276 and could trade lower as the broader market retreats. The total cryptocurrency market cap now stands at $1.16 trillion, down by more than 1% today.Bitcoin and the other major cryptocurrencies have also been underperforming, with Bitcoin now trading below the $28k level.Key levels to watchThe IMX/USD 4-hour chart is currently bearish, as Immutable X has been underperforming over the last few hours. The technical indicators show that IMX is shedding some of the profits it generated over the past few days.MediaIMX/USD Chart By TradingView The MACD line is still above the neutral zone but is heading into the negative region, indicating that the market is turning bearish. The 14-day RSI of 43 also shows that IMX is close to the oversold region if the bearish trend continues.If the bears remain in control, IMX could drop below the first major support level at $0.800 over the next few hours or days. However, unless there is a massive decline in prices, IMX should comfortably defend its price above the second major resistance level at $0.700.Where to buy Immutable X nowHuobiStart Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.Buy IMX with Huobi todayThe post Immutable X partners with Polygon Labs: IMX is down by 12% appeared first on CoinJournal.

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Key TakeawaysFormer Coinbase CTO Balaji Srinivasan bet an anonymous Twitter account $1 million that Bitcoin would trade at $1 million or greater in 90 daysSrinivasan is predicting imminent hyperinflation and a collapse of the US dollarBet is on wildly unfavourable terms, with the other side of the bet, James Medlock, able to lock in massive profit risk-free by simply buying a call option with a $1 million strike for insurance Bet comes nearly a year to the day after Do Kwon’s infamous bet with another anonymous Twitter account over LUNA priceI’m no chemist, but one of the most potent mixtures known to humankind has to be that of ego and money. In what may go down in the annals of Internet history, former Coinbase chief technology officer and prominent angel investor Balaji Srinivasan bet $1 million that the price of Bitcoin would be $1 million or greater in 90 days’ time. The bet was confirmed over Twitter, with the other side taken by anonymous meme enthusiast James Medlock. “(My wife) is the only person who knows I am James Medlock”, he posted in another tweet. “And I immediately told her about the bet”. What is the bet?The bet started when Medlock posted the below tweet, an innocuous tweet outlining his belief that the US would not experience hyperinflation, apparently in response to some crypto enthusiasts declaring that it was inevitable. I'll bet anyone $1 million dollars that the US does not enter hyperinflation— James Medlock (@jdcmedlock) <a href="https://twitter.com/jdcmedlock/status/1636480393007489024?ref_src=twsrc%5Etfw">March 16, 2023</a>It should have ended there. But in came Srinivasan declaring he “will take that bet”. Not only that, but on <em>wildly unfavourable </em>terms. The setup is this: Medlock sends 1 BTC and Srinivasan sends $1 million to escrow today, with the latter denominated in the stablecoin USDC. The logic is that, were hyperinflation to occur and the US dollar to collapse, Bitcoin would reap the gains and explode upwards. Hence, the bet turned from hyperinflation into the Bitcoin price. If Bitcoin trades at $1 million or greater on June 17th, the kitty is Medlock’s. If it doesn’t Srinivasan takes the bounty.I will take that bet.
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this… <a href="https://t.co/tcuBNd679T">https://t.co/tcuBNd679T</a> <a href="https://t.co/6Aav9KeJpe">pic.twitter.com/6Aav9KeJpe</a>— Balaji (@balajis) <a href="https://twitter.com/balajis/status/1636797265317867520?ref_src=twsrc%5Etfw">March 17, 2023</a>The bet makes no senseObviously, this bet makes no sense for a variety of reasons. Firstly, the original tweet was a joke, as $1 million in the event of hyperinflation would become worthless. But the crux of it is the terms. Looking at market odds, this is a longshot of almost impossible odds. So much so, in fact, that a massive chunk of the bet could be guaranteed to Medlock in a risk-free manner in about 30 seconds, should he so please. All he would have to do is go to the market and buy a call option on Bitcoin with a strike price of $1 million dollars on the same expiry date of the bet (June 17th). This would cost pennies in comparison, and a massive chunk of the $1 million could be pocketed. Of course, everybody knows this, and the bet is nothing more than a grab at publicity or some sort of self-marketing stunt by Srinivasan. He reportedly already holds a massive stash of Bitcoin in any case, with the bet not being overly material to him. Call me a cynic, but there is also the fact that Srinivasan launched a podcast a month ago. The funny part is that Medlock didn’t have 1 BTC, worth $26,000 at the time, to hand. Poker player Isaac Haxton stepped in to cover the 1 BTC (without taking any upside). Medlock has also said he will donate a total of 70% of the winnings after taxes to charity – yet he will still pocket…

Key takeawaysFlorida’s governor has proposed a legislature that would prohibit the use of CBDCs.The governor claims that the use of CBDCs would stifle innovations in Florida. President Biden’s administration is currently studying the advantages and risks of using CBDCs. Ron DeSantis wants to ban the use of CBDCsFlorida Governor and possible Republican U.S. presidential candidate Ron DeSantis has submitted a new legislative proposal in his state that would prohibit the use of a national central bank digital currency (CBDC) as money within the state. In a press release submitted on Monday, DeSantis claims that the use of CBDC in the state would stifle innovation as the Biden administration is seeking to weaponise the national digital currency. The governor wrote;“Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance.”The State Chief Financial Officer, Jimmy Patronis, added that;“Governor DeSantis is ahead of the curve when it comes to protecting individual rights. A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world. There would be no privacy, and if there is no privacy, there are no rights. In the same way, Florida is fighting back against the IRS, we need to fight back against this program. It’s how we protect freedom, liberty, and prosperity.”The US government is studying the risks and uses of CBDCThe proposed law seeks to prohibit the use of a CBDC issued by any central bank in other parts of the world. DeSantis’s statement calls on other states to also adopt similar legislation.This latest cryptocurrency news comes after President Joe Biden issued an executive order for the federal government to study the possible uses and risks of a CBDC in 2022. There are privacy concerns regarding the use of CBDCs. DeSantis also added that the CBDC would diminish the role of community banks and credit unions. The United States is not the only state that is currently studying the use and risks of CBDCs. Several countries around the world, including Nigeria, China, The Bahamas, and Sweden, have launched their CBDCs. The post Florida Governor Ron DeSantis seeks to ban CBDCs appeared first on CoinJournal.

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Key TakeawaysLong-term holders continue to sit on their Bitcoin stashesTwo-thirds of the supply has not changed hands in the last year, despite rampant volatility and a collapse of the Bitcoin priceOver half the supply has not moved in 2 years or longer“Supply squeeze” is a seductive phrase thrown around among Bitcoin enthusiasts. It refers to the predicted propelling upwards of the Bitcoin supply as a result of the supply cap – there will only ever be 21 million bitcoins – and a constant increase in demand. Whether this comes to fruition remains to be seen. But there does appear to be a growing cohort of Bitcoin investors who are holding. In fact, over two-thirds of the entire supply has not moved in over a year, an all-time high. To be precise, 67.9% of the Bitcoin supply has not moved in over a year. That is extremely high, especially when considering the last year have brought its fair share of scandals, including the respective crashes triggered by LUNA, Celsius and FTX. Combining these scandals with the most rapid monetary tightening in the wider economy, which have seen interest rates rise from near-zero to close to 5%, and the crypto market has been pillaged. Looking at the price action over the last 12 months, Bitcoin has fallen from $41,000 to $15,000 and is now trading at $28,000, with more than its fair share of ups and downs in between. And yet, two-thirds of the supply has been stagnant. Branching further out, over half the supply has now not moved in two years, close to 40% hasn’t moved in three years, while 28% has been stationary for 5 years. Of course, lost coins will be included in all these statistics. Bitcoin has been around since 2009, and that means people have died, and with them access to their coins has vanished. There are also simple cases of lost keys, people still roaming the Earth but with no access to their wallets. Let us not forget that Bitcoin was just a niche Internet plaything not so long ago, trading for less than $1 per coin. Not to mention, Satoshi Nakamoto’s mammoth stash of an estimated 1 million coins, or over 5% of the entire supply, remains untouched and included in the above stats. So make of it what you will, but Bitcoin still remains quite an illiquid market and with a dwindling supply, it is easy to see the narrative pushed by enthusiasts that if demand continues to rise, the price will only go upward. Of course, whether that demand will indeed continue to rise is another question entirely, and a much harder one to answer. The post Over two-thirds of the Bitcoin supply has not moved in a year appeared first on CoinJournal.

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Former Coinbase CTO says Bitcoin will hit $1.0 million by June 17th.Custodia Bank founder dubs BTC an insurance policy; a scarce asset.Bitcoin is currently trading well above its 200-day Moving Average.Bitcoin will take hardly three months to shoot up to $1.0 million per coin, says Balaji Srinivasan – the former CTO of Coinbase Global Inc.Why is he super bullish on Bitcoin?The entrepreneur and investor relates his super bullish view to the recent bank failures that he warns will hyperinflate the U.S. dollar. In a recent tweet, he said:“Central bank, the banks, and the bank regulators have bankrupted all of us. They hid their insolvency from you, the depositors. And they’re about to print $2.0 trillion to hyperinflate the dollar.Srinivasan also launched a campaign he’s calling “BitSignal” that promises a $1,000 reward (each) to 1,000 best pieces of content that informs on the impending devaluation of the USD.BTC is currently trading well above its 200-day Moving Average.Srinivasan is in a bet with James MedlockSrinivasan made the forecast on Twitter where he agreed to a bet with James Medlock (pseudonymous Twitter speaker) to whom he’ll have to pay $1.0 million if Bitcoin doesn’t hit his suggested valuation by June 17th.You buy 1 BTC. I will send $1.0 million. This is ~40:1 odds as 1 BTC is worth ~26K. The term is 90 days.The discussion started on March 17th when Medlock said he was willing to bet $1.0 million that fears of hyperinflation in the United States were merely overblown – a bet that Srinivasan accepted.Also on Monday, Custodia Bank founder Caitlin Long dubbed Bitcoin an insurance policy; a scarce asset.The post Bitcoin is only 90 days away from hitting $1.0 million: Pro appeared first on CoinJournal.

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MAGIC price has jumped 35% in the past week and was up 7% on the day.The token is live on Upbit Global, a crypto exchange based in South Korea.Gaming projects on Treasure use MAGIC.The price of Magic (MAGIC) exploded ahead of the token’s listing on major cryptocurrency exchange Upbit Global on Tuesday.MAGIC is the native token of Treasure, the decentralised gaming ecosystem that connects games and gamers. Treasure also connects the gaming community via non-fungible tokens (NFTs). Projects use MAGIC, and the latest listing could be a big factor in price movement over coming days.It's official – $MAGIC is set to go live on @upbitglobal on Mar 21 at 4pm KST (MAGIC-BTC)!Upbit is a leading exchange in South Korea and we are ecstatic for MAGIC to be even more accessible to one of the most important gaming markets out there.파이팅 ! ✨ pic.twitter.com/I2fdGvDZrw— Treasure (@Treasure_DAO) March 21, 2023Magic tokens are available on multiple top crypto exchanges, including Coinbase, Binance, Gate.io and now Upbit makes it even more accessible to one of the largest blockchain gaming markets in the world.MAGIC price analysis: MAGIC could pump 25% to $2.33MAGIC was trading in the green on the day as most altcoins struggled amid liquidity rotation into a rolling Bitcoin market that had BTC trending above $28,000 for the third day after breaking its macro downtrend.As for Magic price, it traded at 0.00006594 BTC at around 8:00 am ET on 21 March, up nearly 1.2% a few hours after the token listed on the South Korea based crypto exchange with the BTC/MAGIC pair.Against the US dollar, MAGIC was changing hands around $1.87 and was up 7% and 35% in the past 24 hours and 7 days respectively. The gains follow an upside momentum buoyed by the hype around Arbitrum (ARB).MediaMAGIC price movement on Binance. Source: TradingViewFrom a technical point of view, MAGIC price has stayed above the 20 day exponential moving average since breaking above its resistance on 14 March. However, bulls have twice failed to break the immediate barrier at $1.96, making the resistance level at $2.00 the main target in the short term.If bulls successfully breach the supply wall at this level, they could confront the hurdle expected around $2.15 – the point of major rejection on 7 February that saw MAGIC eventually retest lows of $0.99 on 11 March 2023.An upside continuation, which is supported by the rising Relative Strength Index (RSI) indicator currently above 60, and a positive Awesome Oscillator, Magic could see a 25% upswing to its year-to-date peak at $2.33.  On the downside, a negative flip from current levels could prices retreat to the immediate horizontal support line near $1.72. The 20-day EMA line at $1.56 could provide the next buffer zone for bulls.The post Magic price prediction: MAGIC poised for 25% gains as token goes live on Upbit Global appeared first on CoinJournal.

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It’s an incredible time to invest in cryptocurrency, with many analysts claiming that the bear market is now behind us and that the crypto market is on the way toward the next bull market. That said, identifying the best projects can be difficult, so it can be useful to keep a close eye on the sentiment of smart investors to understand where the opportunities lie.What are the best cryptos that offer investors the biggest profits?Basic Attention TokenSeveral factors play a role in the potential success of a cryptocurrency project, and there is no doubt that the token’s utility and the community’s strength are vital to strong prospects. With that in mind, here are some of the projects that experts all seem to believe could see positive price growth over 2023 and beyond:AltSignals (ASI)Metacade (MCADE)Bitcoin (BTC)Shiba Inu (SHIB)Chainlink (LINK)The Graph (GRT)Ethereum (ETH)Dogecoin (DOGE)Binance Coin (BNB)Uniswap (UNI)Cardano (ADA)Basic Attention Token (BAT)AltSignals – A revolution in trading signalsWhat is AltSignals?<a href="https://token.altsignals.io/en/?utm_source=media">AltSignals</a> is taking the investment world by storm. The project is a rare opportunity to invest in a presale with many users on board and an established product. AltSignals is perhaps best known for its innovative AltAlgo™product, which enables traders to gain an edge over the competition and has helped drive the 1,500 signals sent out by AltSignals with an impressive 64% success rate. The project is now looking to the next stage of cutting-edge signals development by building the new ActualizeAI product — an AI-powered next step in innovation that almost guarantees to drive unbelievable success rates for its users.Not only does the ASI token provide holders the opportunity for exclusive access to the ActualizeAI product, ensuring an incredible advantage over its competitors, but holders can also join the private AI Members Club — granting access to a range of wider benefits and earning opportunities in the process.What are the reasons to invest in AltSignals?AltSignals offers unbelievable upside for investors, with a community of 50,000 users ready and waiting. Given that AltSignals also boasts a 4.9/5 Trustpilot rating, it’s hard to see the downside of the investment.As the development of the product continues, holders who get in early could also have their profits compounded, with token value appreciation coupled with access to bleeding-edge trading signals at the same time.  What are the risks of investing in AltSignals?It’s hard to see the risks of the ASI presale, although the crypto market as a whole remains highly volatile, so this should be considered before any investment choice.>>> You can participate in the AltSignals presale <a href="https://token.altsignals.io/en/?utm_source=media">here</a> <<<Metacade – A incredible gaming arcade What is Metacade?<a href="https://metacade.co/en/?utm_source=media">Metacade</a> is an innovative new project that has released ambitious plans to build the world’s largest play-to-earn arcade. The Metacade ecosystem enables users to earn rewards for gaming and wider contributions to the ecosystem, which could boost user growth and retention over time.Many crypto industry analysts believe that allowing users to earn crypto rewards is a clever strategic decision, so it’s no surprise that the project’s play-to-earn arcade makes it a popular choice for the best cryptocurrency to invest in.The project also benefits from using the Ethereum blockchain, which is secure and reliable. Why should you consider buying Metacade?The project is proving to be one of the most popular crypto presales, and the price of MCADE is seen by many as being at a huge discount compared to the project’s potential. Early investors could see a lot of buying pressure as early as this year, especially if the appeal of earning crypto rewards quickly builds a big user base. It’s now in the final stage of the presale so it’s the last chance to buy before it lists on exchanges.What are the risks…

Estonia’s Financial Investigation Unit (FIU) has introduced new crypto legislation.90% of platforms are at risk of losing their license or being forced to relocate under the new laws.Among other things, cryptocurrency providers must have a local base in Estonia.The Estonian-based crypto startup, CryptoWallet, has renewed its virtual asset provider license to conform to the new digital assets legislation in Estonia.Estonia’s Financial Investigation Unit (FIU) has introduced new laws targeting digital currency platforms after poor management, financial risk, and fraud concerns among crypto service providers especially following the various crypto collapses in the recent past.New Estonia crypto regulationUnder the previous crypto regulation, more than 55% of cryptocurrency service providers around the world licensed outside Estonia could still practice in Estonia. The crypto services providers were also only required to hold €12,000 in capital reserves.However, under the new laws, about 90% of the crypto platforms offering services in Estonia are at risk of losing their license or being forced to move out of the country.The new laws require crypto service providers to have €250,000 held in capital reserves to prevent financial mismanagement. The service providers should also be based in Estonia and should introduce stricter KYC and AML checks besides showing viable business products and strategies.Commenting on CryptoWallet’s license renewal, the startup’s COO Aleksander Smirmin said:“This sought-after license, once again awarded by the FIU, is the culmination of years of hard work and dedication by the CryptoWallet team. We are fully compliant, have the required shared capital, and are launching products that will enhance our users’ lives.”CryptoWallet to launch a crypto cardCryptoWallet aims at leveraging its license to operate in the country to launch a crypto card that will support 800 cryptocurrencies later this year.The new FIU regulations are aimed at preventing fraud, ensuring compliance and transparency within the crypto space and creating a safer and more competitive industry.The post CryptoWallet renews Virtual Asset Provider License after new Estonian legislation appeared first on CoinJournal.

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OMG price has fallen to lows of $1.85 after rejecting around $2.50.The 15% dip is likely due to profit taking, a scenario that threatens flipping momentum to the bears.Technical indicators suggest bulls need to hold at current levels or risk retreating to primary support near $1.68.OMG Network price rose to its highest price level since August 2022 late last week, hitting highs of $2.50 on major exchanges. The price surge for OMG happened as bulls capitalised on positive crypto sentiment amid turmoil in the banking sector, with prices rising significantly over the weekend.The coin has also pumped despite recent delisting news from Coinbase.But while OMG/USD remains more than 32% higher in the seven-day timeframe, it has dipped over 15% in the past 24 hours. At the time of writing, OMG was trading around $1.89, with its bullish momentum at risk should bears manage to short term strengthenig.OMG price daily price outlookProfit taking deals appear to be behind OMG price retreating sharply in the past few hours. As seen on the daily chart below, OMG’s failure to breach resistance at $2.50 has seen it retrace to lows of $1.85 (data from TradingView).The daily RSI is dipping towards the middle line to suggest weakness from bulls. In this case, bulls have to hold support at $1.80 to prevent further losses. If the bearish scenario persists, its likely OMG will revisit demand zones at the 200 EMA (near $1.68). The 50-day EMA could offer another anchor around $1.56.MediaOMG Network daily price chart. Source: TradingViewOMG price 4-hour outlookOn the 4-hour chart, OMG is facing an old resistance level from February around $2.00, while bulls must hold above the highlighted orange zone to prevent further bloodbath. As can be seen below, the 4-hour RSI has flatlined near the middle line to suggest bulls are trying to take control fresh buy OMG deals.MediaOMG price 4-hour chart. Source: TradingViewPreventing a flip into oversold territory is key, with this likely to be helped if the MACD line does not slide further. The histogram is also slightly negative to suggest bears are still strong. As noted earlier, a downside swing from current prices could see OMG bulls try to defend the primary support area around $1.68. On the upside, positive sentiment is likely to strengthen with prices above $2.34.The post OMG price outlook: OMG Network dips 15% amid profit taking appeared first on CoinJournal.

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At press time, IOTX was trading at $0.0261, up 1.02%.The recently passed proposal will introduce ether liquid staking derivatives.The proposal also adds native support for representing staking buckets as NFTs on IoTeX.The IoTeX governance community has voted for the 13th improvement proposal (IIP-13) which among other things introduces Ether liquid staking derivatives. 97% of IOTX token holders participating in the vote voted in favour of the proposal.IoTeX (IOTX) price reacted to the development by turning bullish after three days of a bear market. The token is now trading at the same level where it was trading on March 18.What the IoTeX IIP-13 proposal introducesTo start with, 141 million IOTX tokens were staked in favour of the IIP-13 proposal, which considerably increases the IOTX staking ratio and enhances network security since it has increased the number of validators on the blockchain.The IIP-13 proposal also adds support to represent staking buckets as NFTs to allow liquid staking protocols to manage their stakes using smart contracts. This will allow dApp developers to easily and quickly launch liquid staking dApps and improve the network’s use cases and also contribute to the value proposition of the IOTX token, which the top 10 richest IOTX addresses hold 89.87% of all available token supply according to data from CoinLore.Prior to the passing of the proposal, staking on IoTeX was done directly on the network without connecting to smart contracts. Introducing liquid will among the many mentioned things also place the IoTeX blockchain among the leading DeFi protocols.Some of the liquid staking protocols like Lido have performed so well this year with its native token, the Lido DAO (LDO) price appreciating by more than 200% in the last three months.The post Iotex price turns green after major DAO vote appeared first on CoinJournal.

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Finding the overall best penny cryptocurrency to buy is always a tricky task, with many new projects entering the crypto world each and every day. Penny crypto projects are popular investment choices, though, as the low token prices often mean that they have a high potential for generating bug returns for investors.Which penny cryptocurrencies are the best investments?There are many qualities to look for when trying to identify the best penny cryptocurrency project to add to your portfolio, and in some ways, the experience is akin to finding strong penny stocks. The most important element of any high-quality penny crypto is the utility of the token, so reviewing the use cases and the role of the native token is critical. Here are the top ten best penny cryptocurrency projects based on the consensus of penny crypto experts, with each offering innovative use of blockchain technology and the chance to make big profits for early investors:AltSignals (ASI)Metacade (MCADE)BitTorrent (BTT)Dogecoin (DOGE)Basic Attention Token (BAT)Ripple (XRP)Tron (TRX)Shiba Inu (SHIB)Cardano (ADA)Cronus (CRO)AltSignals – An incredible next-gen trading signals providerWhat is AltSignals?<a href="https://token.altsignals.io/en/?utm_source=media">AltSignals</a> is a project that is focused on providing top-quality trading signals to its users — including crypto traders and those in other markets too. The project is probably best known right now for its market-leading AltAlgo™ product, which has helped AltSignals deliver more than 1,500 trading signals with an incredible 64% success rate.The AltSignals team continues to push the limits of what is possible to deliver a best-in-class experience for their users and is launching the ASI token as they look to build their next-generation trading signals platform — ActualizeAI.ActualizeAI will be using the latest machine learning methodologies, including natural language processing (NLP) and reinforcement learning, in order to give users a huge edge over the competition. ASI is the key to securing early access to the ActualizeAI product, and it also enables holders to join the exclusive AI Members Club, giving opportunities to earn rewards and contribute to the development of the product.What are the reasons to invest in AltSignals?It’s practically unheard of for a presale project with a highly discounted token to have an existing user base, but AltSignals boasts 50,000 users already, with a 4.9/5 Trustpilot rating showing that the team is massively capable of delivering.The team has made a number of savvy strategic decisions, including that a buyback and burn mechanism will be introduced if the community feels that it is beneficial. The huge amount of interest in the ASI presale seen across investment circles is no surprise, as the AltSignals project could be a rare opportunity to acquire a token destined for the big time.>>> You can participate in the AltSignals presale <a href="https://token.altsignals.io/en/?utm_source=media">here</a> <<<Metacade – Best penny crypto to buy for gamingWhat is Metacade?<a href="https://metacade.co/en/?utm_source=media">Metacade</a> is a project in the GameFi space that is building a comprehensive gaming ecosystem using the project’s native token, MCADE. The heart of the Metacade gaming ecosystem is the world’s biggest play-to-earn gaming arcade, which will enable the project to cater to a huge amount of different gaming styles.The project includes an extensive rewards system, which allows users to earn rewards not just for playing games but also for other activities which benefit the broader ecosystem, such as engaging with the community or writing game reviews. Also catching analysts’ attention is the Metagrants program, which allows developers to pitch their gaming ideas to the Metacade community. MCADE holders can then vote on funding these projects, helping guide the direction of the gaming ecosystem in the future. Why you should consider buying Metacade?The Metacade penny crypto project has been considered one of the…

PlutusDAO price rose to a new all-time high of $1.42.The PLS token has spiked 41% in the past 24 hours and 170% this past week.PlutusDAO announced the launch of plsRDNT on Arbitrum, making it easy for holders to earn RDNT.As cryptocurrencies look to bounce higher on Tuesday, PlutusDAO (PLS) price has skyrocketed 170% in the past seven days, with the Arbitrum-native Layer 2 governance platform seeing massive network activity. According to data from CoinGecko, the price of PlutusDAO’s native token has spiked over 41% in the past 24 hours.Data showed PLS price rose to $1.42 on Tuesday 21 March 2023, the token’s new all-time high. PLS/USD traded at $1.38 on Tuesday afternoon, having changed hands around $0.95 earlier in the day.PlutusDAO price: Why PLS rose 170% this weekPer CoinGecko, the decentralised network had recorded a 50% surge in trading volume in 24 hours, with over $1,700,800 worth of PLS traded so far on the day.The spike suggests a surge in market activity. Notably, the price soared after PlutusDAO announced it had added plsRDNT, the fourth asset in its product range. The new plsAsset is for the native token on Radiant, a money-market protocol on the Arbitrum network.“We’re excited to announce that $plsRDNT is now live on #Arbitrum! The best cross-chain money-market in crypto just got a massive upgrade – users can now earn max-locked yield without having to lock their tokens!” the PlutusDAO team tweeted.Given PlutusDAO’s attractive rewards system for plsAsset stakers, the hype around Arbitrum looks to have aided an uptick in user activity. RDNT holders can now tap into the benefits of liquid staking via the PLS platform and earn rewards from Radiant.In a blog post, PlutusDAO said plsRDNT stakers can earn from three possible fees sources —underlying locked liquidity tokens (dLPs), PLS emissions and from dLP-boosted plvRDNT, a new vault product on Radiant.The post PlutusDAO skyrockets 41% to new ATH amid spike in network activity appeared first on CoinJournal.

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Every investor knows that finding the lowest-price crypto coins from a value perspective is key to delivering massive returns on investment. Finding promising projects can be easier said than done, and so it’s worth taking the time to understand which projects are the ones that analysts believe are set to skyrocket ahead of putting in hard-earned cash to start investing.What are the top cheap cryptos to buy for big gains in 2023?There are enough cheap cryptocurrencies and so many quality projects across the Web3 revolution that the strongest choice for those cryptos considered to be great investments spans a number of different sectors. Here is a list of the best cheap crypto projects to help identify where the best returns might be found:Metacade (MCADE)AltSignals (ASI)Dogecoin (DOGE)Filecoin (FIL)Chainlink (LINK)Uniswap (UNI)Luna Classic (LUNC)Cardano (ADA)The Sandbox (SAND) Ripple (XRP)Basic Attention Token (BAT)Theta Network (THETA)1. Metacade (MCADE) – Revolutionizing the world of gamingWhat is Metacade?<a href="https://metacade.co/en/?utm_source=media">Metacade</a> is an innovative new project that is attracting a huge amount of attention across investor groups following the recent release of the project’s ambitious and far-reaching whitepaper. The whitepaper release has driven incredible performance in the project’s presale, where savvy investors are flocking to secure their tokens at while it remains one of the lowest price crypto coins — leading to an unbelievable  $12.3m being raised in just 17 weeks.Metacade is constructing the largest play-to-earn (P2E) arcade on the planet and, in doing so, appears set to capitalize on the huge growth predicted for the burgeoning GameFi space. The arcade caters to a huge range of different play styles, meaning that whether gamers prefer casual gameplay or more competitive gaming, Metacade has them covered.With the platform offering rewards even for non-gaming activities like writing game reviews and sharing alpha which improve the overall user experience, the cryptocurrency roject looks likely to drive incredibly high user growth and retention numbers. With the project’s utility token, MCADE, critical to the use of the ecosystem, this user growth could provide a huge level of buying pressure on the MCADE token as releases go live.Why should you invest in Metacade?MCADE serves as the native token and currency of the Metacade platform and also powers the extensive rewards system. The token has also been designed to be very investor-friendly, with a supply of just 2 billion tokens and staking options available to allow long-term holders to earn a passive income in exchange for their staking. Another feature of Metacade that has been incredibly well received is Metagrants, which allows game developers of all sizes to pitch their game ideas to the Metacade community. MCADE holders are then able to use the governance rights afforded to them through the token to vote on which projects they believe deserve funding from the Metacade treasury.MCADE is a compelling investment choice as a result of both the innovative design choices and the budding sector waiting for growth. With a bright future ahead, Metacade is one of the most highly regarded cheap crypto projects out there right now.>>> You can participate in the Metacade presale <a href="https://metacade.co/en/?utm_source=media">here</a> <<<2. AltSignals – The best trading signal provider out thereWhat is AltSignals?<a href="https://token.altsignals.io/en/?utm_source=media">AltSignals</a> is an incredible cryptocurrency project that already boasts 50,000 users and provides top-quality trading signals using its AltAlgo™technology. Despite having already delivered 1,500 signals with a phenomenal 64% success rate, the team is pushing for even more by building the AI-powered ActualizeAI product. The ASI token will grant access to ActualizeAI, and also allows holders to benefit from joining the ActualizeAI Club, an open network where further rewards will be available for contributions to…

Cathie Wood explains why she’s been buying Block shares.Barclays sees upside in the crypto stock to $103 a share.Block stock is currently down 70% versus its record high.Block Inc (NYSE: SQ) has been in an uptrend since March 13th as famed investor Cathie Wood continued to load up on shares of the financial technology company.Wood’s bull case for the Block stockOn Friday, Wood spent around $4.3 million on to buy just under 59,000 shares of the multinational split between two of her exchange-traded funds – the flagship ARKK and ARKW.The purchase came on top of about $29 million worth of Block shares she bought earlier in the same week. Explaining why this morning on CNBC, Wood said:We’re seeing two things with Block Inc. It is reducing the cost of financial services and so more people are flocking to it. And it is developing a closed-loop ecosystem.Versus its record high in August 2021, Block stock is down more than 70% at writing.Barclays sees upside in Block shares to $103Last month, Block reported per-share earnings for its fiscal fourth quarter that came in shy of Street estimates. Still, Wood said today on “Squawk on the Street”:[Closed-loop ecosystem] could be one of the big winners in digital wallet space where clients won’t have to interact with banks. Cash App and Square will take care of that.Her bullish view is in line with Barclays that reiterated its “overweight” rating on the Block stock just a day earlier citing long-term market share gains.Analyst Ramsey El-Assal sees upside in Block shares to $103 – up more than 30% from here.The post Cathie Wood explains why she’s been loading up on this crypto stock appeared first on CoinJournal.

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