CFTC sues Binance for trading violations BNBUSD bearish bias persists$200 is a major support areaThe cryptocurrency market is hit with another scandal as news that CFTC (Commodity Futures Trading Commission) is suing Binance for trading violations. As it turns out, Binance is accused of having over 300 trading accounts under the control of CZ, and these accounts trade crypto.The problem is that it is easy to manipulate market prices through a tactic known as wash trading. Binance’s image is affected, and it might impact its coin, too, BNB.BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. It traded as high as $700 during the 2021 bull market but has given up more than half of its gains since then.So what do the charts tell us about the next possible direction for the BNB/USD?MediaBNBUSD chart by TradingView$200 is a major support area for BNBAfter surging during the bull run of 2021, BNB/USD made a double top pattern around the $700 area. From that moment on, the bearish bias persisted, as the market was unable to break the series of lower highs.Even the 2023 rally in the cryptocurrency market was not strong enough for the market to break above the previous lower high. As such, the bearish bias persists, and all eyes are now on the $200 area where the market found strong support previously.Only a daily close above $400 would invalidate the bearish bias. Until then, the path of least resistance remains the downside.  The post BNB/USD price forecast amid CFTC suing Binance for crypto trading violations appeared first on CoinJournal.

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Key TakeawaysAlex Kim is the Head of Partnerships in the Americas for BNB Chain, and he joins the CoinJournal podcastHe chats about the bear market, an interoperable future, the ease of building on BNB Chain, gas fees, decentralisation and moreThe dark side of of crypto, the migration of projects from other blockchains and much more are also discussedThere are a million different blockchains in the crypto space today, and it can be confusing to understand them all. Today, Alex Kim joins the CoinJournal podcast, the Head of Partnerships in the Americas of BNB Chain, to talk all things BNB Chain. The chain has grown immensely quickly to where it is now one of the biggest players in the space. The conversation touched on many points. Alex began by covering the much-discussed topic of what role Binance plays in all this. An early backer, Alex describes how the world’s biggest crypto exchange is now a distinct entity from the blockchain. He also chats about BNB and the role it plays on the blockchain, as well as the cheap gas fees which are prevalent on the chain, in contrast to some rivals. On the subject of rivals, he touches on Ethereum and what he believes will be an interoperable future. Also covered is the recent migration of several projects, including the much-publicised addition of Uniswap, one of the biggest players in the DeFi space. Of course, it is hard not to talk about the bear market. The torrid year that was 2022 brought many challenges for everybody in the cryptocurrency space, and Alex chats about what it was like to navigate the industry during this time. He also delves into dark side of crypto and the downsides of it being so easy to build in this decentralised world. Scams are commonplace, with many projects going to zero over the last year, with retail investors often the ones left holding the bag. Listen to the podcast on various platforms here:Listen on Spotify here:Reach BNB Chain: @BNBChainFind out more at www.bnbchain.orgThe post PODCAST: What is the BNB Chain? appeared first on CoinJournal.

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Kaspa has been one of the top-performing cryptocurrencies in March.The coin jumped sharply after more exchanges listed the coin.Kaspa price has done well in March, making it one of the top-performing cryptocurrencies in the industry. It jumped to a high of $0.023, which was about 2,400% above the lowest level in November last year. Its total market cap has jumped to over $397 million.What is Kaspa?Kaspa is an upcoming cryptocurrency that aims to become the best alternative to Bitcoin. It is a proof-of-work coin that seeks to become the fastest crypto in the industry. The coin has a block second of about 1 second and a maximum supply of over 28 billion coins.It is unclear why Kaspa price jumped sharply in March. A likely reason is that the number of cryptocurrency exchanges started listing the coin. For example, on March, Gate.io listed the coin and enabled the KAS/USDT pair.📈 NEW LISTING ALERT! $KAS just got listed on @Hotbit_news• KAS/USDThttps://t.co/POtCGBlGpX#KAS #kaspa #USDT pic.twitter.com/PWTkuWpl5w— Kaspa (@KaspaCurrency) March 27, 2023Kaspa’s coin was also embraced by other exchanges like DigiFinex and XT.com. On Tuesday, the coin was listed in HotBit, which will expose it to more customers. Data compiled by CoinMarketCap shows that most KAS/USDT pair was traded in MEXC, which has a 54% market share. Other popular providers of the coin are Txbit, Gate.io, and CoinEx, among others.Kaspa’s rally is also because of the broader strength of the crypto market. Bitcoin jumped to over $28,500 in March while the total market cap of all digital coins jumped to over $1.2 trillion.Kaspa price predictionMediaThe 4H chart shows that the KAS/USDT price has been in a strong bullish trend in the past few days. It has managed to move above the key resistance at $0015, the highest level on March 2. The coin has jumped above all moving averages while the Relative Strength Index (RSI) has moved above the overbought level. Further, the Stochastic Oscillator has moved above the overbought level. Therefore, there is a possibility that the coin will pull back in the coming days as buyers start to take profits. If this happens, the next key support level to watch will be $0.15, which is about 33% below the current level.How to buy KaspaThe post Kaspa price is soaring after more exchange listings appeared first on CoinJournal.

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The three German scientists formed ZeroSync Association to bring Zero-Knowledge Proofs to Bitcoin.The association has received sponsorship from Geometry Reaserch and StarkWare Industries.Geometry Reaserch is a crypto investment firm while StarkWare Industries is the software company behind StarkNet.Bitcoin currently uses the proof-of-work (PoW) consensus mechanism which in a way limits its scalability. Its rival blockchain Ethereum also used PoW but changed to Proof-of-Stake (PoS) consensus mechanism through the Merge Upgrade.Three German computer scientists have created a Swiss non-profit association called ZeroSync Association to help bring scalability to Bitcoin using zero-knowledge proofs (zk-proofs), a cryptographic technique whose popularity on Ethereum has surged considerably.What is Zero-knowledge Proofs?Zero-knowledge Proofs, commonly referred to as zk-proofs, is a cryptographic technique that uses cryptography to prove the validity of information revealing the information to the public.By deploying kz-proofs on Bitcoin means nodes will be able to sync almost instantly compared to hours and sometimes days that it takes to download the chain’s current 500GB data.ZeroSync Association already has a working prototypeAt the moment, ZeroSync has already developed a working prototype that allows users to validate who owns what and the transaction history on Bitcoin without having to download the entire chain or using a third party.The prototype can however only verify Bitcoin consensus rules but not transaction signatures. The prototype is also a bit chunky and still needs to be optimized for security and speed.When fully deployed on Bitcoin ZeroSync will allow verification of transaction of Bitcoin using cryptographic proof instead of trusting honest nodes as suggested by the Bitcoin founder Satoshi.The post 3 German computer scientists bringing scalability to Bitcoin using zk-proofs appeared first on CoinJournal.

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CFTC sued Binance for violating federal laws to attract U.S. clients.Mizuho’s Dan Dolev reiterates his $30 price target on Coinbase stock.He prefers Bitcoin over Coinbase Global Inc to play the crypto space.On Monday, Commodity Futures Trading Commission sued Binance for violating federal laws to attract U.S. clients.What does it mean for the Coinbase stock?Theoretically, that should be an opportunity for rival Coinbase Global Inc (NASDAQ: COIN) to expand its market share.Still, Dan Dolev – Senior Analyst at Mizuho recommends against investing in the crypto exchange. Explaining why on CNBC’s “Closing Bell: Overtime”, he said:What you’re seeing now is beginning of the real crackdown on crypto. If I owned any of these crypto names, I’d be really worried. I wouldn’t invest in any public exchange, including Coinbase.Last week, Coinbase also received a Wells notice from the Securities and Exchange Commission for violating U.S. securities laws. Coinbase stock ended nearly 10% down on Monday.Dolev prefers Bitcoin over Coinbase stockDolev currently has an “underperform” rating on the crypto exchange. His $30 price objective suggests its shares could tank another 50% from here.There’s no business model. If the government cracks down on altcoins and staking, that’s 35% of Coinbase revenue – on Ethereum, you’re adding another 20%-30%. Then, what are they left with?Nonetheless, Coinbase Global Inc reported better-than-expected results for its fourth financial quarter in February. It, however, ended Q4 with 8.3 million MTUs (monthly transacting users) versus 8.5 million a year ago.The Mizuho analyst prefers Bitcoin over Coinbase stock to play the crypto space.The post Dan Dolev’s view on Coinbase stock after CFTC sued Binance on Monday appeared first on CoinJournal.

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Key Takeaways$23.6 billion of stablecoins are currently on exchanges, the least since October 202145% of stablecoins have fled exchanges in the last four months61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s collapse, while 50% of BUSD has evaporated since regulators announced it was to shut downTrend in falling supply of stablecoins has been ongoing since FTX collapsed in November, but has worsened recentlyCapital is flowing into T-bills, with 5 times the amount of treasury accounts created last year as 2021Bitcoin’s falling price and volumes are more extreme, but liquidity has been siphoned out of the markets at large due to rising interest rates Federal Reserve is now caught between rock and a hard place, as rising interest rates needed to combat inflation but banking sector wobbles may force its handIt’s always turbulent in the crypto markets. The waters have been particularly choppy recently with regard to the stablecoin market. There are currently less stablecoins on crypto exchanges than at any point since October 2021. But where is all the money going? Into <a href="https://coinjournal.net/bitcoin/">Bitcoin</a>? Hidden away in cold wallets? Away from crypto altogether?In this piece, we dig into the data to try to ascertain where exactly the money is moving, and why, as well as what it means for Bitcoin and how it all ties back to the Federal Reserve. The flight of stablecoinsFirst things first. Stablecoins are fleeing exchanges at an unprecedented speed. In less than four months, 45% of stablecoins have left exchanges. That is a drawdown from $43.1 billion to $23.6 billion, a pace that has never been seen before. The chart shows a clear downward trajectory since the <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">implosion of FTX</a> in November 2022 – with the pace picking up since the turn of the year. In the next chart, we focus on the outflows alone, helping us to zone in on the speed of these movementts and how they compares to previous periods of outflows. We can see that in terms of precedent, we saw big spikes in outflows in May 2022 (when LUNA collapsed) and May 2021 (when Bitcoin freefall down from $58K to $37K in a week, despite no obvious trigger). But the difference this time is that the elevated pace of withdrawals has continued for a much longer time period, at four months and counting. Perhaps layering in price gives more of an indication as to what is happening. In this next chart, we can see big drawdowns in Bitcoin price have coincided with large amounts of stablecoin withdrawals. But it brings us to an interesting crossroads: this time seems different. As while FTX kicked off a Bitcoin drawdown to $15,500 from $20,000 in November, since then Bitcoin has increased 80%, back up towards $28,000. And yet, the stablecoin balance has continued downward. BinanceUSD and UCD Coin run into problems, but Tether drained tooSo why is this time different? Why are withdrawals of stablecoins remaining elevated while Bitcoin surges?Well, the events around Binance USD and USD Coin are the most glaring. It was announced last month that Binance USD is shutting down due to US securities law (deep dive on that circus <a href="https://coinjournal.net/news/what-does-busd-shutting-down-mean-for-the-crypto-industry-a-deep-dive/">here</a>). At the time, the stablecoin had a market cap of over $14 billion, the third biggest behind USDC and USDT. In the words of CEO Changpeng Zhao, the developments meant that BUSD will slowly decline to zero.3/ As a result, BUSD market cap will only decrease over time.— CZ 🔶 Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1625067487984340993?ref_src=twsrc%5Etfw">February 13, 2023</a>And that is what has started. 17% of BUSD was <a href="https://coinjournal.net/news/17-of-busd-supply-redeemed-this-week-what-next-for-binance-bnb-and-crypto/">immediately pulled</a> from exchanges in the days after the announcement. Today, the supply of BUSD on exchanges is 7.2 billion…

XRP price rose nearly 10% to highs above $0.50 on Tuesday.Ripple is set for a court decision in its battle with the SEC, with social dominance for XRP rising.XRP price is up amid increased volume, with support for the XRP/TUSD pair on Binance added on 29 March.The price of <a href="https://coinjournal.net/ripple/">XRP</a> soared nearly 10% on Tuesday morning to break above $0.50 for its highest level since early November. The XRP price is up 32% this past week.XRP’s gains came as the broader cryptocurrency market endured yet another slow day, with action muted as the community digested recent news around major cryptocurrency exchange Binance. As of 11 am ET on 28 March, the XRP token traded at $0.5045, the highest price for the <a href="https://coinjournal.net/news/tag/ripple/">Ripple</a> cryptocurrency since 5 November 2022 when it sharply dropped from above 50 cents to lows of $0.33.XRP price outlook amid volume spikeToday’s upside comes after a week of growing positivity for XRP, with expectations over the SEC vs. Ripple Labs case helping return huge volume to the top 10 crypto.The Commodity Futures Trading Commission (CFTC) terming Bitcoin, Ethereum and Litecoin as commodities in its complaint against Binance has only helped to fuel sentiment that XRP will be declared a commodity and not security when its court battle with the US regulator concludes.On Monday, John Deaton, the founder of Crypto Law and a blockchain enthusiast, <a href="https://twitter.com/JohnEDeaton1/status/1640119564775112704">suggested</a> that XRP offers the best risk/reward ratio.“<em>The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a security? Upside?</em>”XRP has the most attractive risk/reward ratio IMO. The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a security? Upside? 🤔— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1640119564775112704?ref_src=twsrc%5Etfw">March 26, 2023</a>This outlook for XRP has persisted over the past few days, with trading volume spiking as the network experienced increased mainstream interest.According to on-chain data platform Santiment, XRP’s breakout to a 50-week high coincides with XRP Network’s social dominance bursting to a new year-high level. This has only added to increased crowd recognition, suggesting the cryptocurrency could see further upside volatility as volume spikes.👀 <a href="https://twitter.com/hashtag/XRPNetwork?src=hash&ref_src=twsrc%5Etfw">#XRPNetwork</a>'s social dominance is at its highest point in a year following the surge above $0.49 for the first time since Nov. 6. Added <a href="https://twitter.com/search?q=%24XRP&src=ctag&ref_src=twsrc%5Etfw">$XRP</a> crowd recognition means more volatile price swings caused by increased volume & mainstream interest. <a href="https://t.co/bMT66JTwmT">https://t.co/bMT66JTwmT</a> <a href="https://t.co/pUIWe9vGKu">pic.twitter.com/pUIWe9vGKu</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1640393320567570432?ref_src=twsrc%5Etfw">March 27, 2023</a>Binance’s <a href="https://www.binance.com/en/support/announcement/binance-adds-ldo-tusd-matic-tusd-op-tusd-sol-tusd-ssv-tusd-xrp-tusd-trading-pairs-3771bdb298c648899ae8ebe224131455">announcement</a> that it will support for the XRP/TUSD pair starting 29 March, 2023 has also contributed the social chatter that’s seeing XRP price look to test new multi-month highs.However, while bulls might have a chance to extend gains above $0.50, chances of a short term sell-off are likely given the outcome of the SEC case as well as prevailing market sentiment. If profit taking intensifies, its possible XRP could retreat to recent support near $0.36.The post <a href="https://coinjournal.net/news/xrp-price…

As the cryptocurrency market evolves and matures, many investors seek the next big Initial Coin Offering (ICO) that could offer significant returns. But with so many popping up all the time, which are the best crypto ICOs worth investing in? In this article, you’ll find 12 hand-picked ICOs with promise. From AI-based projects to layer-1 solutions, you will find something that catches your eye.Coin ListMetacade (MCADE)AltSignals (ASI)ALINK AI (ALINK)Vivi (VIVI)OptionBlitz (BLX)ASTL (ASTL)Kryptview (KVT)Minima (WMINIMA)Brickken (BKN)EasyFeedback (EASYF)WeSendIt (WSI)Mintera (MNTE)1. Metacade (MCADE) – Playing a Vital Role in the Play-To-Earn MovementWhat is Metacade?<a href="https://metacade.co/en/?utm_source=media">Metacade</a> is a play-to-earn (P2E) community hub aiming to shake up the GameFi landscape with its initial coin offering. It’s an all-in-one solution where gamers, crypto enthusiasts, and developers can team up and explore the rapidly-expanding world of P2E gaming. While it’ll have everything you’d expect from a gaming hub, like sub-communities, spaces for real-time interaction, and game leaderboards, it’s harnessing the power of blockchain technology to take things to the next level. For instance, to encourage the top minds in P2E to flock to the platform, it rewards anyone sharing reviews, tips, and other helpful content with MCADE tokens. Advanced players can earn by helping others find their GameFi edge. Meanwhile, players new to the P2E space can open up another source of income by sharing their thoughts on a new title they’ve been playing.There are also plans for regular tournaments, prize draws, and competitions where gamers can test their luck alongside other community members. Metacade intends to introduce a job and gig board in 2024, where users will discover roles ranging from casual game testing gigs to full-time salaried positions with Web3 and gaming leaders. Most excitingly, Metacade is introducing the Metagrant scheme. Metagrants are expected to play a pivotal role in shaping the future of the P2E industry. They allow the community to vote and direct funds to the very best P2E titles in development. Developers will submit their ideas to a pool of competing proposals, and MCADE holders will vote on their favorite. The one that wins is awarded financing from the Metacade treasury, with the final game being added to the platform’s virtual arcade for anyone to log on and play. Not only does this foster a unique sense of community engagement, but it also has the potential to make Metacade a household name with P2E gamers. Combined with other impressive aspects, like a planned decentralized autonomous organization (DAO), staking, a token buyback and burn program, and features in several well-respected media outlets, Metacade looks to be the best ICO to invest in right now. Considering it’s raised over $14.6m, with each stage selling out faster than the last, it seems the crypto investor community agrees too. >>> You can participate in the Metacade presale <a href="https://metacade.co/en/?utm_source=media">here</a> <<<2. AltSignals (ASI) – Harnessing AI to Transform the Trading IndustryWhat is AltSignals?<a href="https://token.altsignals.io/?utm_source=media">AltSignals</a> is a trading signals provider that has established itself as an industry leader. Launched in 2017, AltSignals has issued over 1,500 calls in the forex, crypto, and stock market to over 1,400 VIP subscribers, with an average accuracy of 64%. It consistently produces outstanding returns each month; its Binance Futures signals for February netted a 2,163% return with a 90% win rate, while January generated 2,480% with 92% accuracy!AltSignals’ impeccable Trustpilot scores back up these results. It’s garnered almost 500 positive reviews, boasting an average star rating of 4.9/5. It’s all been made possible by AltSignals’ team of advanced trading professionals and the cutting-edge <a href="https://www.altsignals.io/indicator">AltAlgo™</a> Indicator. AltAlgo™ combines over 34 filters and strategies…

NFT Inspect is a web-based app and browser extension for Web3 and NFTs.JVH Technology Inc. has acquired full ownership of the Social Intelligence application.Co-founder Stefan Mai and Evan King have left the project to pursue other interests within the industry.Blockchain technology firm JVH Technology Inc. has acquired web-based app and browser extension NFT Inspect, continuing its focus on advancing adoption of NFTs despite negative market conditions.The acquisition marks a new chapter for NFT Inspect, with a new team taking over just over three months after the platform put brakes on plans to shut down amid the crypto winter. NFT Inspect teased the acquisition in a tweet on Monday.We are thrilled to announce that NFTInspect has been acquired by a new ownership team. The new leaders boast deep roots in the NFT & Web3 space, this pivotal moment signals a promising resurgence for NFTInspect. pic.twitter.com/fZR4qOF7TT— Inspect (@nftinspect) March 27, 2023JVH to promote Web3 and NFTs adoptionNFT Inspect is a top Web3 social intelligence application and NFT hub with over 100,000 users, attracting a growing community as more people seek to tap into revenue-generating protocols.“We are thrilled to have acquired such a remarkable and popular Web3 project,” said JVH Head of Business Allan Satim.“Inspect has already established an exceptional community, and we are excited to integrate additional resources into the Inspect ecosystem while placing strong emphasis on community involvement and the fundamental principles of Web3,” he added in a press release.Satim noted that Inspect is a major player within the NFT and SocialFi ecosystem, and the acquisition is an opportunity to expand on its growth. JVH plans to integrate other crypto, SocialFi and Web3 projects, bringing new revenue-generating opportunities and giving more value to the community.According to the JVH, NFT Inspect founders Evan King and Stefan Mai will be transitioning to new projects.The post Blockchain firm JVH acquires crypto platform NFT Inspect appeared first on CoinJournal.

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Blockchain.com president Nic Cary is optimistic on Bitcoin.He explained his view in a recent interview with CNBC.Bitcoin is already up more than 60% versus the start of 2023.Bitcoin is already up more than 60% versus the start of the year but the President of Blockchain.com says it’s not out of room to run just yet.The bull case for BitcoinNic Cary is convinced that the recent bank failures bode well for future prospects of the world’s largest cryptocurrency. In a recent CNBC interview, he said:This maybe the moment we’ve been waiting for. Last three weeks have battle tested it [BTC]. We’re starting to see retail users get excited again and new institutional clients are knocking on our door.Retail activity at Blockchain.com soared about 176% over the past ten days, he confirmed. Other reasons cited for the optimistic view include the central bank that’s added nearly $400 billion to its balance sheet this month.Why else is he optimistic on BTC?Higher rates, Cary added, are also contributing to putting an end to the so-called crypto winter.Last week, the U.S. Federal Reserve opted to lift rates by another 25 basis points despite the ongoing banking crisis.Crypto is cyclical. Usually, you have an okay year, an incredible year, a pretty bad year where thins correct and ten you have a year where it bubbles up again. We’re starting to see that trend play out.The total supply of Bitcoin is scheduled to halve again in April of 2024 – an event that he expects will also be a positive catalyst for BTC.The post Blockchain.com president says this may finally be the Bitcoin’s moment appeared first on CoinJournal.

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XLM price is up nearly 5% as it trades around $0.095.The Stellar price looks poised to retest resistance at $0.10, which could open a path for bulls to target $0.13.Sentiment is positive after latest news involving Stellar Development Foundation and US-based crypto-focused company Coinme.Stellar (XLM) price is up 4.5% as a number of altcoins in the top 50 bracket by market cap record slight gains amid a lull for Bitcoin (BTC).XLM is currently trading just above $0.095, about 9.3% up in the past week. According to CoinGecko data, $128 million worth of XLM has been traded in the past 24 hours, with the coin’s daily trading volume increasing by 27% in that period.XLM price prediction as crypto cash exchange Coinme adds USDC on StellarThe Stellar Lumens price, though not gaining as much as XRP, which spiked nearly 10% on Tuesday morning amid fresh upside momentum, could see a breakout of its own after recently validating a new support line. Stellar could also benefit from broader gains for crypto as bulls look to bounce from the downside catalysed by this week’s regulatory related news.There has also been positive news for Stellar. On Tuesday, US-based cryptocurrency cash exchange provider Coinme announced it had partnered with the Stellar Development Foundation to integrate the stablecoin USDC on the Stellar network.According to details in a press release, the collaboration will strengthen financial inclusion for millions of users. With USDC on Stellar, users of Coinme can now easily access borderless digital cash and P2P payments. People can send, receive and cash out USDC at thousands of Coinme locations across the US.“By enabling USDC on Stellar in the Coinme wallet, anyone with cash can now utilise the Stellar blockchain to access a fully-backed dollar digital currency. People can now swap their cash for USDC on Stellar and send it in seconds for the cost of a penny,” Coinme CEO and co-founder Neil Bergquist said in a statement.Bergquist added that the collaboration is a “game changer for the cash remittance and payments market.”XLM price: technical analysisThe technical outlook for XLM price on the daily chart suggests bulls are facing stiff resistance near $0.10. While buying pressure that has characterised the crypto market in 2023 has seen buyers attempt to breach the massive supply wall, the lack of a decisive move means bears retain a slight advantage.However, prices are above an ascending trendline support to suggest a potential bullish breakout should buyers take out sellers at $0.10. This will likely strengthen upside momentum that is currently indicated by the daily RSI above the 50 line. The daily MACD is also slightly bullish.MediaXLM price on the daily chart. Source: TradingViewIf XLM break higher from the horizontal resistance line, the next major hurdle could be $0.13. On the downside, immediate short term support is at $0.084 and then$0.07.The post Stellar price prediction: XLM up 5% as bulls eye major resistance area appeared first on CoinJournal.

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Hunting for the best new cryptos to invest in? Look no further than this list of 12 expert picks for the top new cryptocurrencies that seem ready to explode in 2023. From players making waves in the GameFi space to exciting new applications of AI technology, these 12 tokens have the potential to disrupt their industries and offer significant gains this year.They are:Metacade (MCADE)AltSignals (ASI)Livepeer (LPT)Balancer (BAL)ApeCoin (APE)Frax Finance (FRAX)/Frax Shares (FXS)AngelBlock (THOL)CryptoGPT (GPT)Stepn (GMT)Aptos (APT)Grove Coin (GRV)Proxy Swap (PROXY)1. Metacade (MCADE) – Web3’s Home of Play-To-Earn GamingWhat is Metacade (MCADE)?<a href="https://metacade.co/en?utm_source=media">Metacade</a> is a community hub aiming to become Web3’s number-one spot for all things play-to-earn (P2E) gaming. Its vision is to create a fun and dynamic virtual hangout where gamers, crypto fanatics, and developers come together to participate in the growing GameFi revolution. Users can read and share the latest alpha, interact with each other in real-time, and even play a direct role in shaping the GameFi industry for the better. At the heart of Metacade’s core principles is maximizing user value, giving P2E gamers everything they need to grow their gaming income while enabling an organic community to grow and flourish. Not only will it feature exclusive gaming tournaments and fantastic giveaways with incredible prizes, but Metacade will also reward users for their contributions to the platform.In return for sharing in-game advancement tips, helping others find the best games to play through reviews, and posting other valuable content, Metacade rewards players with the MCADE token for their role in growing the community. Moreover, in 2024, Metacade plans to launch a job and gig board. Here, members will find roles ranging from casual game-testing gigs that use the platform’s native testing environment to salaried positions with Web3 and gaming titans. Many investors are looking forward to the Metagrant scheme, which solves the real-world issue of inefficient game developer funding. The premise is simple: game developers submit their proposals to one of the Metagrant competitions, and MCADE holders vote on which games they believe should be funded. The winner is awarded financing from the Metacade treasury to turn their idea into reality, with the finished game added to Metacade’s virtual arcade for the whole world to play. Why Invest in Metacade (MCADE)?For anyone looking to capitalize on the growing GameFi market, Metacade seems like the ideal crypto project. While P2E games come and go, Metacade is a unifying force that connects the entire industry, providing a one-stop platform for anyone looking to find their GameFi edge while participating in a vibrant community. Additionally, social platforms are vital to gamers – just look at the rise of Discord and Twitch. Metacade has the same potential but with the added bonus of player rewards and a chance to direct the future of P2E. Soon after launch, Metacade will start working on its decentralized autonomous organization (DAO), which will further enhance the value of MCADE for investors, allowing them to vote on important decisions related to the platform’s development.Thanks to its tremendous potential to become one of GameFi’s best new crypto coins, Metacade has raised over $14.6m in its presale. It’s currently in the final stage of presale, meaning there’s not much time left to pick up MCADE tokens before it reaches its final stage. There have even been rumors of several crypto whales jumping on board, which, if true, is a promising sign that MCADE is ready to soar in 2023.>>> You can participate in the Metacade final stage presale <a href="https://metacade.co/en?utm_source=media">here</a> <<<2. AltSignals (ASI) – Using Cutting-Edge AI To Deliver Highly Accurate Trading SignalsWhat is AltSignals (ASI)?<a href="https://token.altsignals.io/?utm_source=media">AltSignals</a> is one of the market’s leading trading signals providers, racking…

Bitcoin has recovered from lows of $26,690 reached after Binance-related regulatory news.XRP has outperformed after breaking above $0.50, while Ethereum reclaims $1,800.Bitcoin faces tough resistance at $28k-$30k.Bitcoin price is back above $28,000, trading as high as $28,600 on Wednesday morning as crypto looked to shake the downward pressure injected by this week’s regulatory related news.After the BTC price fell to lows of $26,690 following the CFTC charge against Binance CEO Changpeng Zhao and his crypto exchange, bulls have managed a 6% jump in the past 24 hours to push Bitcoin to the crucial $28,000 level.The gains for BTC have also come amid a broader crypto market upside, as traders shed the regulatory anxiety amid news that Hong Kong regulators were looking to make the city state a digital asset hub by encouraging banks to extend finance services to Bitcoin and cryptocurrency companies.Bitcoin bulls now face the task of breaching the thick resistance wall between the $28k and $30k zone, which could open the path to the highest price since June 2022. Another flip lower could bring back the $25k support area into play, but crypto analyst Rekt Capital suggests dips with a monthly close above the zone would be a healthy retest.It's possible that #BTC  could start the month of April with some downsideBut as long as $BTC Monthly Closes above ~$25000, that downside would constitute a healthy retest attempt of the then-broken Macro Downtrend#Crypto #Bitcoin— Rekt Capital (@rekscapitaI) March 29, 2023XRP outperforms as Ethereum eyes $2,000As BTC looks to retest YTD highs, XRP was outperforming most altcoins in top 50 market cap category as it exploded above $0.50.At the time of writing, XRP was poised above $0.56, having tested bears around $0.58. XRP/USD is 16% up in the past 24 hours and 45% this past week as buyers target the key $0.60 level ahead of what could be a make or break few days – given the highly anticipated end to the Ripple Labs versus US Securities and Exchange Commission (SEC) case.Ethereum is also trending higher, up more than 5% in the past 24 hours and above $1,800. The gains come after bullish sentiment seeped into the market following CFTC indications of ETH being a commodity.It also follows recent confirmation that the Shapella upgrade will happen on 12 April 2023. Community anticipation for ETH withdrawals could aid the price of Ethereum to jump to the psychological $2,000 level.The post Bitcoin price jumps to $28.5k as XRP hits 10-month high appeared first on CoinJournal.

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Linear Protocol is one of the fastest-growing DeFi protocols.The total value locked in the ecosystem has jumped in the past few days.Linear Finance (LINA) price was among the best-performing cryptocurrency tokens on Wednesday as digital coins rebounded. LINA rose to a high of $0.012, the highest level on March 22. It has risen by 32.40% in the past 24 hours, making it the best-performing token, according to data compiled by Binance.Linear Protocol growth risesLinear Protocol is a small but fast-growing cross-chain compatible, delta-one asset protrocol. The platform makes it possible for people to seamlessly and cost-effectively trade liquid assets in its ecosystem.Linear Protocol’s services include Buildr, exchange, a vault, and a swap feature that makes this possible. For example, its exchange allows people to analyze assets and trade them in an easier and cost-effective manner.According to the Linear Protocol dashboard, over 1.39 billion LINA tokens have been staked by over 8,000 stakers. LINA has an estimated APY of  37.48%, which is higher than that of other assets. Its weekly rewards totaled over 7.3 million LINA. On the other hand, ℓUSD has an estimated APY of 0.05%.LINA price has risen as investors increase their allocation to the token because of its high yield. Indeed, the total value locked in its ecosystem has been growing. Reminder: <a href="https://twitter.com/search?q=%24LINA&src=ctag&ref_src=twsrc%5Etfw">$LINA</a> and <a href="https://twitter.com/search?q=%24LUSD&src=ctag&ref_src=twsrc%5Etfw">$LUSD</a> rewards have been distributed, please claim these rewards via <a href="https://t.co/uET3cLR7n1">https://t.co/uET3cLR7n1</a> at your earliest convenience. <a href="https://twitter.com/hashtag/LinearFinance?src=hash&ref_src=twsrc%5Etfw">#LinearFinance</a> <a href="https://twitter.com/hashtag/LinearExchange?src=hash&ref_src=twsrc%5Etfw">#LinearExchange</a> <a href="https://twitter.com/hashtag/DeFi?src=hash&ref_src=twsrc%5Etfw">#DeFi</a> <a href="https://twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw">#Web3</a> <a href="https://t.co/fSuwnylfzj">pic.twitter.com/fSuwnylfzj</a>— Linear Finance (@LinearFinance) <a href="https://twitter.com/LinearFinance/status/1638470237602316288?ref_src=twsrc%5Etfw">March 22, 2023</a>According to DeFi Llama, the <a href="https://defillama.com/protocol/linear-finance?denomination=USD">network</a> has a <a href="https://coinjournal.net/learn/what-is-defi/">DEFI</a> TVL of over 829k BNB, the highest level since May last year. This amount is significantly higher than November’s low of 815k. In dollar terms, Linear Finance has a TVL of $10.4 million, higher than the November low of $5 millionLINA price prediction<a href="https://media.igms.io/2023/02/29/1680088864926-c27f0bfc-7e19-4d19-8e3c-c897b4fe5a37.png">Media</a>The daily chart shows that LINA price has been in a strong bullish trend in the past few days. It has risen by 165% from its lowest point in December. Further, the token jumped above the key support level at $0.010, the highest point on November 4.Notably, Linear Protocol is being supported by the 50-day moving average. It has also moved slightly above the key resistance level at $0.0119, the highest level on August 4 last year. Most importantly, LINA has formed a double-top pattern at $0.0175.  In most cases, this pattern is usually a bearish sign. Therefore, there is a likelihood that the token will keep rising as buyers target the initial support level at $0.013 (Feb 25 high). A move above that level will see the token rise to the double-top point at $0.017. In the longer term, LINA will likely have a bearish breakout because of the double-top pattern.How to buy LINASwapzoneSwapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.<a href="/visit/swapzone-crypto?guid=MTM2Mjc2&component=simple…

Money to be spent on blockchain technology is set to rise exponentially in the years to comeBitcoin will be used to validate everything on the blockchainInverse head and shoulders supports the bullish case for nowThe cryptocurrency market is on steroids again, as Bitcoin rallied hard from the 2022 lows. Since bottoming late last year, Bitcoin bulls have pushed hard despite negative news surrounding the industry.Yet, against all odds, the market kept advancing. Many investors are here for the long term, strong believers in blockchain technology.Speaking of which, the technology is expected to expand more than 65 times from 2021 to 2028. By that time, the estimated money to be spent on blockchain technology should reach close to $400 billion.So why not look at Bitcoin as an investment, as it will be used to validate everything on the blockchain?  Media3 reasons to buy BitcoinBitcoin is up close to 4% today at the time of writing this article. Moreover, it keeps a bullish bias despite today’s gains.From a technical analysis perspective, there are currently at least three reasons to buy Bitcoin. One is that it is trading above resistance given by the $25,000 level.MediaBTCUSD chart by TradingViewAnother is that an inversed head and shoulders pattern formed at the recent bottom. The measured move, in orange on the chart above, points to $32,500 and represents only the minimum distance the market should travel to confirm the bottom.Finally, a pennant formation might be spotted at current levels. Bitcoin moved in a relatively tight range for several days, usually forming ahead of a bullish breakout. A breakout above $30,000 should trigger more strength as the measured move points to $35,000 and beyond.The post Should you buy Bitcoin now, as money to be spent on blockchain will increase exponentially? appeared first on CoinJournal.

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Blockchain.com president Nic Cary is optimistic on Bitcoin.He explained his view in a recent interview with CNBC.Bitcoin is already up more than 60% versus the start of 2023.Bitcoin is already up more than 60% versus the start of the year but the President of Blockchain.com says it’s not out of room to run just yet.The bull case for BitcoinNic Cary is convinced that the recent bank failures bode well for future prospects of the world’s largest cryptocurrency. In a recent CNBC interview, he said:This maybe the moment we’ve been waiting for. Last three weeks have battle tested it [BTC]. We’re starting to see retail users get excited again and new institutional clients are knocking on our door.Retail activity at Blockchain.com soared about 176% over the past ten days, he confirmed. Other reasons cited for the optimistic view include the central bank that’s added nearly $400 billion to its balance sheet this month.Why else is he optimistic on BTC?Higher rates, Cary added, are also contributing to putting an end to the so-called crypto winter.Last week, the U.S. Federal Reserve opted to lift rates by another 25 basis points despite the ongoing banking crisis.Crypto is cyclical. Usually, you have an okay year, an incredible year, a pretty bad year where thins correct and ten you have a year where it bubbles up again. We’re starting to see that trend play out.The total supply of Bitcoin is scheduled to halve again in April of 2024 – an event that he expects will also be a positive catalyst for BTC.The post Blockchain.com president says this may finally be the Bitcoin’s moment appeared first on CoinJournal.

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Key takeawaysIOTA Foundation has launched its ShimmerEVM testnet on the Shimmer testnet.The ShimmerEVM chain is expected to boost the IOTA network’s DeFi ecosystem.IOTA projects can try out the test chain and give feedback ahead of the mainnet launch. IOTA launches the ShimmerEVM test chain on the Shimmer testnetIOTA Foundation, the non-profit organisation behind the IOTA distributed ledger technology (DLT), has announced the launch of the ShimmerEVM test chain on the Shimmer testnet. In a press release shared with Coinjournal, the foundation said this public testing period is the important next step in development ahead of the eagerly awaited ShimmerEVM launch. According to the team, the extensive testing of the ShimmerEVM test chain with multiple validators and dozens of dApps contributing would boost the resilience, performance, and security of the planned ShimmerEVM smart contract chain. The test chain comes with some crucial updates to the consensus module, the node software and an extended EVM compatibility. IOTA’s ShimmerEVM chain to boost the network’s DeFi ecosystemThe IOTA Foundation is optimistic that the ShimmerEVM chain would boost the network’s DeFi ecosystem. The team pointed out that the testnet would expand the reach of the Shimmer protocol to a wider community of blockchain developers who build EVM-compatible smart contracts and build the foundation for the bridgeless and seamless interoperable nature of ShimmerEVM.IOTA Foundation added that the extended EVM compatibility of ShimmerEVM is thanks to the ‘Magic Smart Contracts”, which comes automatically on every IOTA smart contract chain. The team explained that Magic smart contracts enable seamless and bridgeless native asset transfer between Shimmer L1 and EVM chains. Thus, eliminating the need for custom bridges within the Shimmer ecosystem. The ShimmerEVM testnet chain is now ready for its public testnet phase following an extensive internal testing to ensure the security of the networkWhile commenting on this latest cryptocurrency news, Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation said;“We want to ensure our interoperable and highly scalable Shimmer protocol is accessible to a wider community of blockchain developers which is only possible with additional EVM compatibility. In order to do this safely and securely, it took a lot of testing and validating internally, but like all our projects, we rely on our dedicated community to help us improve the ShimmerEVM chain, and that’s why we have made our testnet public. We are continually making new improvements, so when the ‘real’ ShimmerEVM is ready to launch, it’s more polished. This testnet is an important step forward for the rollout of future ecosystem projects on both Shimmer and IOTA.”The public testnet would give numerous IOTA community projects the opportunity to try out the chain and give feedback to the IOTA team. IOTA, the native coin of the ecosystem, has been performing well over the past few hours. At press time, the price of IOTA stands at $0.2121, up by more than 5% in the last 24 hours.The post IOTA’s DeFi ecosystem inches closer with the launch of the ShimmerEVM test chain appeared first on CoinJournal.

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In recent times, the GameFi niche within the cryptocurrency landscape has proven to be a goldmine for astute investors with a strong crypto portfolio. This is primarily due to groundbreaking technologies across Web3, which have been harnessed to deliver unparalleled user benefits.Central to the blockchain gaming revolution is the empowerment of gamers, who now have the unprecedented ability to own in-game assets and receive financial rewards for their gaming activities. Metacade is set to elevate this concept to new heights, raising the question: Could MCADE emerge as the best crypto investment of 2023?How dominant could Metacade be in GameFi?Metacade’s innovative approach seeks to redefine the gaming experience by creating a unique ecosystem that offers an extensive array of gaming options, catering to various play styles and preferences, while the MCADE token, the lifeblood of the Metacade ecosystem, promises to be an attractive investment opportunity due to its extensive utility and robust demand.With the GameFi sector poised for exponential growth and the blockchain gaming movement empowering gamers like never before, many experts are suggesting that the Metacade ecosystem has all the ingredients necessary to position itself as a potential frontrunner in GameFi and beyond. As this innovative platform continues to evolve and gain traction, it will undoubtedly draw the attention of investors (with an eye on their crypto portfolio) and gamers seeking the best crypto opportunity in the rapidly expanding world of GameFi.What is Metacade?<a href="https://metacade.co/en/?utm_source=media">Metacade</a> is a cutting-edge project striving to develop the most extensive play-to-earn (P2E) arcade on the planet. The Metacade platform sets itself apart from the many existing GameFi projects by offering a diverse range of gaming experiences, which can attract gamers with different play styles and preferences — making for a huge addressable market.Metacade’s comprehensive rewards system is designed to cater to both casual and competitive gamers, ensuring they can all reap the benefits of their gaming activities. Metacade has also devised unique reward mechanisms that allow users to earn incentives for non-gaming contributions, such as participating in community discussions, sharing alpha, or writing game reviews, which ultimately enhances the overall ecosystem and user experience.How does MCADE work?The MCADE utility token lies at the heart of the Metacade ecosystem, powering the rewards system and acting as the currency for transactions within the platform. The extensive utility of MCADE is expected to drive strong demand for the token, presenting a compelling opportunity for investors.MCADE holders can take advantage of staking opportunities, which offer them passive income in exchange for staking their tokens, and to maintain the value of the circulating supply of MCADE, staking rewards are distributed in stablecoins — a feature that is expected to incentivize a great deal of long-term holding.One standout aspect of Metacade is the innovative Metagrants program, which encourages game developers to pitch their game concepts and prototypes to the Metacade community. In doing so, developers receive invaluable feedback and may be selected for funding from the Metacade treasury through voting powered by the governance rights afforded to MCADE holders, giving users a say in the future of the platform.Can the MCADE altcoin reach $1 in 2023?As the GameFi sector continues to gain momentum, the question on many investors’ minds is whether MCADE can smash through the $1 barrier in 2023 — and while no one can predict the future with absolute certainty, there are several factors that suggest MCADE may have the potential to achieve this huge milestone and cement its place as the best crypto investment.By offering an extensive library of games and a comprehensive rewards system that caters to various play styles and preferences, Metacade is well-positioned to attract a diverse and loyal user base…

Key takeawaysNFT certification protocol Wakweli has entered into a strategic partnership with Polygon.The partnership would enable all digital assets on Polygon to become compatible with Wakweli’s certification system. Polygon recently launched its Polygon zkEVM on mainnet after months of development. Wakweli announces a strategic partnership with polygonWakweli, the web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens, has announced a strategic partnership with the Polygon blockchain platform.In a press release shared with Coinjournal, Wakweli said the partnership enables all digital assets on Polygon to become compatible with the certification system that has been developed by its team. Every NFT project holder on the chain will also be able to request authenticity certificates for each of their assets, the team added. In addition to this, advanced use-case scenarios will also be available for developers via the Wakweli platform and API. Wakweli said it would provide the necessary support for developers and project holders. While commenting on this latest cryptocurrency news, Antoine Sarraute, Co-Founder of Wakweli, said;“Since 2021, when ETH fees skyrocketed, Polygon established itself as the go-to chain to mint assets and has performed extremely well ever since – it is now the home of incredible NFT projects. We built Wakweli to create a safer web3 space across all chains, and today we are thrilled to collaborate with Polygon. This will enable Wakweli’s certification power to all Polygon users and unlock a definitive way to fight scam attempts, creating more trust in this thriving ecosystem.”Wakweli secures $1.1 million in fundingWakweli’s partnership with Polygon comes after the protocol secured $1.1 million in funding. The project was able to successfully secure the funds after onboarding a number of early backers, including VCs and angel investors. Wakweli is a community-powered protocol that incentivises its users to review certificate requests using a unique consensus method known as Proof-of-Democracy (PoD), with all certified assets carrying a green tick. Wakweli’s platform issues certificates of authenticity for NFTs and other tokenised assets to combat fraud in the growing web3 ecosystem.Polygon, on the other hand, has been one of the most active blockchain projects in recent months. Polygon Lab recently announced the launch of the Polygon zkEVM on the mainnet as it seeks to bring more scaling developments to the Ethereum ecosystem. Polygon also partnered with immutable X earlier this month in a bid to accelerate web3 game development. The post NFT certification protocol Wakweli partners with Polygon appeared first on CoinJournal.

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On the lookout for some crypto gains in 2023? Avalanche has been attracting plenty of attention in recent weeks, but more savvy investors are turning to Metacade’s crypto presale instead. In this article, you’ll learn where experts are placing their Avalanche price predictions for 2023 and why investors are flocking to Metacade for a chance to reap significant rewards. Avalanche (AVAX) Is a Strong Ethereum Competitor<a href="https://www.avax.network/">Avalanche</a> is a leading layer-1 network that aims to rival the leading smart-contract blockchain, Ethereum, promising high throughput and lightning-fast transaction speeds. It aims to be the go-to solution for dApps and DeFi protocols, using its innovative Avalanche consensus mechanism. This allows Avalanche to process up to 6,500 transactions per second (TPS), but in theory, it can scale up to millions of TPS using subnets. AVAX, Avalanche’s native token, plays a crucial role in securing the network, staking, and rewarding validators. Avalanche’s staking rewards, for example, currently run as high as 8.96% (<a href="https://www.stakingrewards.com/earn/avalanche/">Staking Rewards</a>), which has helped to attract thousands of users to its network. A recent <a href="https://messari.io/report/state-of-avalanche-q4-2022">Messari</a> report has demonstrated this fact. It states that Avalanche’s daily transactions grew by 85% in Q4 2022, while average transaction costs fell a whopping 26.8% from Q3 to Q4, costing just $0.10 per transaction. This is a fraction of Ethereum’s and has helped to push Avalanche price predictions higher for the rest of 2023. Avalanche (AVAX) Price PredictionWhile many Avalanche price predictions for 2023 originally saw it breaking beyond the $30 barrier, around double its current price of $15.70, analysts have begun to project that AVAX investors may be in for much higher gains. Several Avalanche price predictions now sit at $56 for the end of the year, while some even think it could challenge its 2022 high of approximately $103.This target is ambitious but certainly achievable. If these Avalanche price predictions prove correct, then today’s investors could be up 550%+. Metacade (MCADE) Rages in PresaleDespite Avalanche’s bullish price forecasts, many investors have chosen to invest in <a href="https://metacade.co/en/?utm_source=media">Metacade’s</a> ongoing presale. This comes after significant FOMO in anticipation of multiple big-name exchange listings once the MCADE crypto presale comes to an end.But why exactly are investors so hyped about Metacade? Metacade is a community-based platform that aims to reach household status amongst play-to-earn (P2E) gamers with its outstanding features. Metacade will offer real-time interaction with like-minded gamers and crypto enthusiasts alongside spaces for discovering world-beating GameFi alpha, a scheme that rewards users for contributing to the platform, and even an entire virtual arcade.All of these features have captured the attention of the broader crypto and gaming communities. One, in particular, has led to some calling Metacade one of the most promising crypto presales of 2023. Called Metagrant, this program will offer game developers a chance to get their big break and could potentially propel Metacade to mainstream stardom. The process is simple: developers submit their game proposals to one of the Metagrant competitions for MCADE holders to vote on. The idea that wins over the most users is awarded funding from the Metacade treasury alongside the support of a loyal fanbase. These developers can even gather feedback on their games from its most avid fans using Metacade’s native testing environment and host the final game in its virtual arcade for anyone to play. Other features, like a job board and decentralized autonomous organization (DAO), both launching in 2024, have resonated with investors eager to invest in a decentralized platform that delivers maximum value to its users. Metacade’s potential to benefit significantly from the network effect…

Solana builds energy to break above stiff resistanceBullish flag pattern points to $40Conservative traders should wait for the market to move firstSolana is a blockchain rivaling Ethereum, and it is moving in a relatively tight range against the US dollar. Like many other cryptocurrencies, Solana bottomed late last year, and then it rallied with the crypto market.But in the past several weeks, the price action stalled. Lately, it has a hard time holding above $20, as sellers appear on any bounce.So what does the technical picture show?MediaSOLUSD chart by TradingViewBullish bias persists despite recent consolidationDuring the 2022 bear market, the market formed a descending triangle with a horizontal base in an area between $25 and $30. The support was eventually broken as the price dived below $10, but buyers emerged as Bitcoin and other leading cryptocurrencies rallied hard in early 2023.After rallying with the entire market, Solana met resistance in the previous support area. It is now trying to clear it, and forms what appears to be a bullish flag pattern.Bullish flags are continuation patterns. Their measured move equals the distance from the recent low to the start of the flag, projected from the flag’s upper trendline.It points to a move above $40, but bulls should not rush into going long just yet. Ideally, bulls should wait for the market to close above the resistance area, as it would mean that the bullish flag pattern ended. Then, it makes sense to stay long for the $40 level with a stop at $24.The post SOL/USD price prediction as it struggles to hold above $20 appeared first on CoinJournal.

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