Key takeawaysMCADE has topped the $0.027 mark as the cryptocurrency market begins to recover.First Republic Bank has been acquired by JPMorgan Chase as the banking woes in the United States banking sector continue.The banking woes have boosted Bitcoin’s position as a safe haven asset. Analysts are becoming bullish on Bitcoin and the broader cryptocurrency market thanks to the recent banking woes in the United States. MCADE is up by more than 2% in the last 24 hours and could rally higher as the broader crypto market looks to embark on a recovery.JPMorgan acquires First Republic BankJPMorgan Chase, one of the leading banks in the United States, has acquired the troubled First Republic Bank. This <a href="https://coinjournal.net/news/">latest cryptocurrency news</a> comes after the First Republic Bank was seized by the California Department of Financial Protection and Innovation.JPMorgan Chase will assume all assets of the embattled bank ding uninsured deposits. First Republic Bank currently has $229.1 billion in assets and $103.9 billion in deposits.Following the acquisition, 84 locations of First Republic Bank in eight states will now reopen as JPMorgan Chase. Furthermore, all depositors of the troubled bank will become a part of JPMorgan and have access to their total deposits insured by FDIC. First Republic Bank’s collapse is the third major one in the United States since the start of the year, a cause for concern amongst investors in the country, Crypto experts are predicting a bullish run for BitcoinThe recent banking woes have been favourable to the cryptocurrency sector. According to Standard Chartered analyst Geoff Kendrick, the recent events could see <a href="https://www.cnbc.com/2023/04/24/bitcoin-btc-price-could-hit-100000-by-end-2024-standard-chartered.html">Bitcoin rally to $100,000 by 2024</a>.In a note following First Republic Bank’s woes, Kendrick said;<em>“We see the potential for Bitcoin (BTC) to reach the USD 100,000 level by end-2024, as we believe the much-touted ‘crypto winter’ is finally over. The current stress in the traditional banking sector is highly conducive to BTC outperformance – and validates the original premise for Bitcoin as a decentralised, trustless and scarce digital asset,”</em>Bloomberg Intelligence’s <a href="https://www.bloomberg.com/news/articles/2023-04-30/bitcoin-s-btc-four-month-winning-run-brings-100-000-in-view-if-history-right#xj4y7vzkg">Jamie Douglas Coutts also pointed out</a> that Bitcoin could be on course for the longest streak of monthly gains since 2021. He stipulated that if 1% of global bond-market value moved toward Bitcoin, that would take BTC’s price to $185,000.The FOMC meeting this week could see the Federal Reserve increase interest rates by 25 basis points as it continues to fight against inflation.MCADE could rally higher in line with BitcoinThe continued banking crisis in the United States could boost cryptocurrencies like Bitcoin, Ether, and Metacade in the short and medium term. More investors could see assets like BTC and MCADE as safe havens compared to the traditional financial ecosystem.In addition to that, if the Federal Reserve adopts a more dovish approach to its interest rate hikes later this week, Bitcoin and other cryptocurrencies could greatly benefit.MCADE is currently trading at $0.0275 per coin and is close to the $0.034 all-time high price it set roughly two weeks ago. With MCADE set to list on the MEXC cryptocurrency exchange in a few days, the token will become available to millions of people globally, and this could boost its value in the near term. MCADE listed on Uniswap and BitMart last month and is set to list on MEXC this week. The token could also launch on several other cryptocurrency exchanges over the next few weeks and months. Is Metacade a good investment?MCADE could be one of the tokens to watch out for as an investor in the cryptocurrency space. The token has been performing well since the pre-sale event was concluded, and Metacade raised $16 million.As the Metacade team works…

At press time, the PAW token had dropped 10.90%.PawSwap team yesterday launched its PAW Staking Mainnet.So far about 200 trillion PAW tokens have been staked on the mainnet.Contrary to the expectations of many, the PAWSWAP (PAW) price has plunged after about 200 trillion PAW tokens are staked on the PAW Staking Mainnet which was launched on April 30, 2023. Interestingly, it has taken less than 24 hours for so many PAW tokens to be staked.Normally, such a great reduction of token supply would result in a significant price surge but that has not been the case for PAWSWAP, whose price had rather dropped by 10.68% at press time. The staked PAW tokens account for 0.2% of the total PAW token supply.PawSwap roadmapThe launch of the mainnet for staking is the first major product to be launched for the PAW ecosystem. The project has a robust roadmap including PawChain blockchain and cross-chain decentralized exchange (PawSwap), focusing on security, speed, and a user-friendly experience for trading crypto assets.The PAW Staking Mainnet is Live! We are happy to report our staking platform, which is our first major PAW Ecosystem product delivery, has been deployed.You can visit https://t.co/VVNxUpRThp to get started and get staking!In the next few days, the PAW team will provide the… pic.twitter.com/LjsGxfiC7w— PAWChain (@PawChain) April 30, 2023CertiK has already confirmed that the newly launched mainnet “meets their standards.” In addition, the PawSwap team also said that it will be chairing a report on the audit status of the mainnet with its community.The PawSwap team started with the launch of the PAW token on the Ethereum network and has now launched the PAW Staking Mainnet.While the launch of the staking mainnet and the subsequent token staking seem not to have stirred a bullish PAWSWAP price movement, the launch of the PawChain blockchain and cross-chain decentralized exchange (PawSwap) is expected to increase PAW token demand which could, in turn, result in a price surge for the PAW token.The post PAWSWAP price plunge as trillions of PAW are staked appeared first on CoinJournal.

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WOJAK price has jumped from around $0.00006 on 25 April to the all-time peak reached earlier today.While the total cryptocurrency market cap is down 1.5% in the past 24 hours amid Bitcoin’s struggles near $28k, the new meme crypto token is flying.Skyrocketing prices for WOJAK come after the massive gains for the frog internet meme coin Pepe (PEPE).The price of Wojak (WOJAK), a token that trades on exchanges such as Gate.io and Bitget, has hit a new all-time high above $0.00065 today. On Tuesday morning, the WOJAK token was up more than 74%. Meanwhile, over $91 million worth of volume has been traded in the past 24 hours.While the price at the time of writing was around $0.00058, the overall gains for WOJAK/USD was more than 570% in the past seven days. Wojak’s market cap was $41,121,268 at 6.50 am ET on 2 May, ranking the small cap altcoin 496th on CoinMarketCap.What is Wojak?Wojak is a new cryptocurreny project that looks to offer people a chance to explore the world of memes via a decentralised network.The native token of the platform is WOJAK, whose inspiration is the iconic internet meme that bears the same name. WOJAK is designed to help holders engage in activities such buying, selling of memes. Apart from trading the tokens, holders can also use them to take part in community events.Why is WOJAK price up today?Today’s price gains for the WOJAK meme coin come after the team announced a second community NFT mint. Speculation on the token is also likely driven by the huge upside for another memecoin.With the token launching a few weeks ago, traders have looked to it as they FOMO following the sensational gains for Pepe (PEPE). Pepe is an Ethereum-based memecoin inspired by the popular Frog internet meme, and which looks to follow in the footsteps of successful projects like Dogecoin and Shiba Inu.While PEPE price is up over 2,000% since its all-time low on 18 April 2023, the price of WOJAK has jumped more than 1,171% since hitting the all-time low of $0.00004902 on 21 April 2023.Some investors have looked to cash in on the huge profits collected over a period to see Wojak currently trade nearly 7% off the all-time high price. And although the memecoin still looks strong, its possible more profit taking could result in a significant price dump. As noted, the WOJAK tokens currently trade on a few notable CEX platforms, as well as the leading decentralised exchange Uniswap.The post Wojak (WOJAK) price up 570%: Here’s why this new memecoin is flying appeared first on CoinJournal.

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Sui IOU price continued rising ahead of the project’s mainnet launch. According to CoinMarketCap, the token has jumped by more than 20% in the past 24 hours to $2.20. In all, the token has risen by over 23% in the past few days even as mainstream cryptocurrencies like Bitcoin and Ethereum retreated.Sui mainnet launch aheadSui describes itself as a layer-1 platform that makes it possible for the developers to build decentralized applications (dApps). The blockchain has advanced features that has faster transaction costs, is elegant and easy to use, and has no defects in its design.The biggest news this week will be the platform’s mainnet launch that is scheduled for Wednesday this week. This launch will come a few months after the network went through a few weeks of testing and validation.Sui faces an uphill battle in the industry because of the competition in the sector. The biggest competition is from Ethereum, which has a stronger market share in the industry. It dominates other layer 1 networks like Avalanche, Solana, and Aptos among others.Sui will also compete with other layer 2 networks like Optimism, Polygon, and Arbitrum. These layer-2 networks aim to improve the key challenges of Ethereum by boosting speeds and lowering transaction costs.Justin Sun apologyThe other important Sui news was an apology by Justin Sun, the founder of Tron and the de-factor CEO of Huobi, a leading exchange. In a statement, Sun said that he had agreed to refund $56 million to Binance after a token grab for the token.In a statement on Monday, Changpeng Zhao of Binance said that he had warned Sun that the company would take action if he used the large amounts of SUI tokens from Binance Launchpool. He argued that Launchpool are meant as airdrops for retail investor not just a few whales. https://twitter.com/cz_binance/status/1652949031524376579Therefore, focus among traders will be on how SUI will trade when the network’s mainnet launches and when the airdrop from Binance Launchpool happens. Like with most new tokens, I suspect that the SUI token price will pop on Wednesday and then pull back as insiders start taking some of their profits. The post SUI IOU price spikes ahead of Airdrop, mainnet launch appeared first on CoinJournal.

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George Town, BVI, May 2nd, 2023, ChainwireThe Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets.Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem. The Advisory Board members Zaki Manian, Strangelove, and Shane Molidor will ensure Nolus solidify its cross-chain presence.The novel DeFi Lease solution by Nolus unlocks the full potential of crypto money markets by reducing the industry’s steep over-collateralization requirements, resulting in significantly improved capital efficiency and much more favorable lending options for users. The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets through whitelisted yield-bearing strategies. With the added support of liquid staking derivatives, the Nolus protocol will create a cornerstone use case for LSDs for the Cosmos ecosystem in the form of self-repaying loans.About NolusNolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus’ offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.After months of testing, Nolus will open its public mainnet in May.Website | Twitter | DiscordContactMarketing and Communications, Nolus Protocol, comms@nolus.ioThe post Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease appeared first on CoinJournal.

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Sweat Economy (SWEAT) has launched the “Sweat Wanderer” prize draw that is open to all up to 14 May 2023.Registering and staking at least 25 SWEAT tokens via the Sweat Wallet app will see users eligible to win an all-expenses paid global tour to see the Seven Wonders of the World.The winner, to be announced on Monday 15 May 2023, will also receive $2000 to spend.Sweatcoin, a health and fitness app that seeks to encourage healthier living through rewards for daily physical activities, has announced a new prize draw that will see the winner “travel the world.”The Sweat Economy app was the top downloaded health and fitness app in the world in 2022 with over 65 million downloads.Sweat Economy prize offers all-expense paid global tourDubbed “Sweat Wanderer,” the draw is open till 14 May 2023 and will see the winning participant get a chance to explore the Seven Wonders of the World. The all-expenses paid trip will last a month, the Sweat Economy team said in a blog post published 2 May 2023.According to the platform, the global tour will be for two (winner and a person of their choice) with flights and accommodation covered. The prize also includes $2,000 in cash as spending money.To participate, one needs access to Sweatcoin and the Sweat Wallet app and complete a registration process.Once you opt-in to the crypto section of the wallet app, you need to “stake” at least 25 SWEAT tokens to be eligible for the Sweat Wanderer prize. After that, all one has to do is take and share photos and videos online, as well as be open to an interview discussing experiences.The “Sweat Wanderer” winner will be unveiled on Monday, 15 May 2023 at 2pm UTC.Sweat Economy (SWEAT) priceSweatcoin launched in 2016 before going on to unveil its SWEAT token in September 2022 ( it had a record airdrop) to help incentivize users in a Move-to-Earn (M2E) ecosystem. SWEAT allows for real-world transactions and prizes in this growing Web3 economy.The platform raised $13 million in its private token sale in July 2022, led by Spartan Capital and Electric Capital among others. In March 2023, the team revealed plans to relaunch SWEAT in the US.The price of SWEAT reached a high of $0.091476 in September 2022, but currently hovers around $0.00834872 after declining more than 90% during the crypto winter. The circulating supply was 5,797,310,970 at the time of writing, while total supply is 22,473,969,566 (data from CoinGecko).The post Health and Fitness app Sweat Economy launches new “travel the world” prize draw appeared first on CoinJournal.

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Key takeawaysMicroStrategy has recorded a profit for the first time in nine quarters, thanks to Bitcoin’s rally since the start of the year.AltSignals has completed 62% of its presale and looks to raise over $300k in the coming weeks.Market experts believe that the cryptocurrency market could record massive gains over the next few weeks and months. MicroStrategy, one of the biggest bulls in the cryptocurrency space, has recorded a profit for the first time in nine quarters. The positive performance was attributed to Bitcoin’s 70% in the first quarter of 2023. With Bitcoin and the broader cryptocurrency market rallying, new projects are emerging that seek to improve certain areas of the ecosystem. One of these projects is AltSignals. AltSignals is looking to change how traders approach cryptocurrency trading. The project has already raised more than $600k in its presale event and will use the funds to complete the development of some of its products. MicroStrategy records profit in Q1MicroStrategy, the largest public holder of Bitcoin, <a href="https://decrypt.co/138564/bitcoin-rally-puts-microstrategy-green-first-time-9-quarters">posted a profit</a> in the first quarter of 2023. This is the first time MicroStrategy is recording a profit in nine quarters, with the bear market affecting its activities. The profit recorded by MicroStrategy was thanks to Bitcoin’s rally during Q1. The <a href="https://coinjournal.net/bitcoin/">Bitcoin price</a> rose by more than 70% in the first quarter of 2023. The rally allowed MicroStrategy to repay its loan and tap a one-time tax benefit of $453.4 million.Despite the bear market, MicroStrategy purchased 7,500 BTC in the first quarter of 2023, bringing its total holdings to 140,000 BTC, making it one of the largest Bitcoin holders in the world. Crypto prices could still rise, says Grayscale analystsIn response to the current market conditions, analysts at Grayscale believe that <a href="https://grayscale.com/monthly-report-2023-april-newsletter/">cryptocurrency prices could still rise</a>. The analysts cited the declining inflation figures in the United States, and the Federal Reserve’s rate hikes move as two factors that could result in the prices of cryptocurrencies soaring higher in the near term. In addition to the positive news from MicroStrategy, Grayscale analysts pointed out that the failures of several regional banks demonstrate that investors continue to display an appetite for crypto during times of economic uncertainty.The experts believe that there are several factors that could impact Bitcoin’s price in the short term, and the Fed’s upcoming rate hike could be one of them. AltSignals’ demand could increase as investors troop inThe broader cryptocurrency market could benefit from MicroStrategy’s bullish move. As more investors enter the cryptocurrency space, demand for new projects could increase.One of the projects that could gain attention is <a href="https://token.altsignals.io/">AltSignals</a>, thanks to its niche-focused approach to the market. Still in its <a href="https://token.altsignals.io/#how-to-buy">pre-sale stage</a>, AltSignals has raised more than 60% of its required funds. AltSignals could be the focus of investors thanks to the ActualizeAI product it is building and its other catalogue of services. AltSignals seeks to make it easier for traders to trade cryptocurrency futures, forex, and a few other financial assets. The project’s AltAlgo too simplifies charts and indicators, making the entire trading process easier for people. With more traders in the market, AltSignals could see higher adoption, and ASI’s value could record massive gains. AltSignals could be a good buy as market sentiment improves<a href="https://www.altsignals.io/">AltSignals</a> could be an excellent investment as the market sentiment improves. Market experts believe that the bull market could be close, and prices of most cryptocurrencies could set new all-time highs.With the prospect of a possible bull cycle, AltSignals could be one of the…

At press time, Metacade (MCADE) was trading at $0.03406, up 21.86%.MCADE’s price has risen by more than 49% from its price at the end of the presale.The token has so far been listed on one DEX and two centralized exchanges.The <a href="https://coinjournal.net/metacade/">price of MCADE</a> has surged 21.86% while the global crypto market is on the decline. The global market cap has dropped by 1.34%.Metaverse tokens like MCADE seem to be performing well today with the majority of today’s top gainers being from this category. The NFT Worlds (WRLD) token is leading with a surge of 21.88% followed by the Metacade (MCADE) token which has gained 21.86% in the last 24 hours.What is MCADE?MCADE is the native token of the gaming arcade platform <a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=invezz&utm_term=internal&utm_content=price_prediction">Metacade</a>, which aims to become the ultimate Web3 community hub where gamers and blockchain fanatics can communicate and collaborate.The MCADE presale was concluded in March 2023 offering an investment opportunity for many crypto investors.The token is built on the <a href="https://coinjournal.net/ethereum/what-is-ethereum/">Ethereum </a>blockchain, making it an ERC token. The token has so far been listed on CoinMarketCap, Coingecko, <a href="https://coinjournal.net/uniswap/what-is-uniswap/">Uniswap</a>, and BitMart. It will be listed on MEXC Global in one day and twenty hours’ time.MCADE listing on MEXC GlobalMCADE’s listing on MEXC Global crypto exchange is the next big thing after the token listed on BitMart.Just like the concluded Metacade presale and the subsequent listing on Uniswap and BitMart, the upcoming MEXC Global listing has created quite a hype around the MCADE token, which is partly the reason for today’s price surge.Metacade (MCADE) price forecastAlthough MCADE tested an all-time low of $0.01498 shortly after listing on CoinMarcketCap and Uniswap, the token now seems to be on a bullish trajectory having hit an all-time high of $0.03305 today.At the current rate, Metacade is expected to surge towards $1, especially after the MEXC Global listing.Should you Metacade (MCADE)?Well, investing in cryptocurrencies carries a lot of risks including market volatility and scam projects. And while the Metacade project has proved to be e legit crypto project, its native token, the MCADE, is still a candidate for the volatile crypto market.Nevertheless, MCADE just like its parent platform, Metacade has gained a lot of popularity among gamers, game developers, and crypto investors who turned up in droves to purchase it during the Metacade presale.And although the MCADE token has not made significant bullish movement since the presale ended, the increased activity on the Metacade platform and the listing on different Centralized exchanges including the upcoming MEXC Global listing is expected to spur a significant MCADE price surge. So far, the token’s price has risen by more than 42% from its price at the end of the presale.Metacade has already earned itself its first partnership with Metastudio, a revolutionary gaming company focused on delivering exciting, avant-garde, and fresh mobile games to the Metacade arcade. The partnership kind of confirms Metacade’s commitment to becoming a leading metaverse arcade platform.According to <a href="https://metacade.co/whitepaper.pdf">Metacade’s whitepape</a>r, Metacade is expected to sign more partnerships with play-to-earn projects, gain further CEX listings, launch more gaming community giveaways and competitions, and launch a universal online hangout for all things GameFi and P2E before the end of Q2, 2023.The MCADE demand is expected to increase greatly on the above-mentioned activities seeing that MCADE is the backbone of the larger Metacade ecosystem.The post <a href="https://coinjournal.net/news/metacade-price-prediction-one-day-to-mexc-global-listing/">Metacade price prediction: one day to MEXC Global listing</a> appeared first on <a href="https://coinjourna…

DigiToads (TOADS) presale is 83% sold out at current stage with a total of over $2.1 million raised.TOADS demand is at new levels as the crypto space witnesses new trajectory in the meme coin sector.DigiToads looks to be a promising investment opportunity, with a unique presale, gaming approach and deflationary mechanism. The unanticipated blows the crypto market experienced in the last few months are enough to make any investor lose interest in what is considered “one of the most promising industries.” However, recent activity in the crypto space indicates this sector’s possible revival. While the crypto market has seen a fair share of meme coins, <a href="https://digitoads.me/cjl">DigiToads</a> is a new utility token and platform that offers something unique within the <a href="https://coinjournal.net/news/tag/altcoins/">altcoin market</a>. A Look into DigiToads (TOADS)Investors looking for a potentially high-yield cryptocurrency to buy might find a good opportunity in DigiToads (TOADS). The cryptocurrency project offers new and unique play-to-earn and stake-to-earn features, with TOADS as the native token. With the toad as its mascot, DigiToads aspires to revolutionize the crypto sphere. Apart from developing a new play-to-earn platform, the project is creating avenues for investors to explore investment opportunities. The TOADS token’s presale provides such an offering in a Metaverse space that continues to see tremendous growth. DigiToads (TOADS) presale gaining momentumDigiToads adopts a unique presale system. The TOADS token can be purchased using <a href="https://coinjournal.net/cryptocurrencies/">cryptocurrencies</a> like BTC, ETH, BNB, USDT, USDC, BUSD, and others. There is no vesting period, meaning investors can start trading when TOADS is deposited in their wallets. The ongoing Lilypad 5 stage of the presale offers the token for a mere $0.024, And so far DigiToads has raised a whopping $2.1 million and counting.DigiToads has an inbuilt deflationary mechanism whereby 2% of the sell and buy tax is used to purchase and burn TOADS. The token scarcity attained through this burning mechanism, together with an increased number of people seeking the asset, will eventually increase the token’s price. <a href="https://digitoads.me/cjl">>> Buy DigiToads Now <<</a>DigiToads (TOADS): What’s unique?Play-to-earn gaming is becoming an increasingly popular concept on Web 3.0. So it is great to see the likes of DigiToads incorporating this fantastic feature in its structure by launching ‘TOAD-CADE,’ an enticing game on its platform. The game starts with each player receiving a basic DigiToads. These characters can be trained, fed, and bred. This will allow them to level up and battle within the swamp. Regular competitions will be hosted by the platform winners, who can expect alluring rewards. Besides gaming, another exciting way users can coin some money is through the compelling staking opportunities offered. Users who stake their TOADS NFTs will benefit from great rewards from the NFT staking pool. This pool, in turn, is maintained by the taxes collected on transactions. To ensure that it has a sound fiscal system, DigiToads will select 12 traders who will be responsible for executing trades on the company’s behalf. These community traders will have access to 1/12th of the treasury and receive 10% of the profit made on each transaction. Seats for these important positions will be held by winners of trading competitions that will be held each month. DigiToads has laid the foundation of its own Merch, which will shortly be in full swing. The firm will utilize 100% of its profit to revive the Amazon rainforests. Also, 2.5% of the overall gains made have been allocated by the firm for a similar cause.Every other firm before DigiToads started with a pre-decided mascot for itself. On the other hand, the firm gives users the right to decide on the mascot. For this, a mascot meme contest will be held, and the best design will be used as the mascot, and the creator will be entitled…

ByBit users will now be able to earn interest payouts on idle cryptocurrency assets.The ByBit Lending will offer hourly paid interest and no deposit periods for redemptions and deposits.The lending service will serve as an intermediary between borrowers and lenders.Popular cryptocurrency exchange ByBit has launched its lending service arm, ByBit Lending, which will allow users to earn high-interest payouts on their idle cryptocurrency assets.The new product offers an additional way for users to capitalize on their crypto investments and generate passive income.ByBit now joins the likes of Binance, OKX, and KuCoin in offering lending services. The US-based exchange Coinbase abandoned plans to launch lending services after the US Securities and Exchange Commission (SEC) rendered the offering a security.Passive income opportunity for ByBit usersByBit Lending offers a high APR, offering users an opportunity to earn some passive income on the crypto assets they are holding instead of letting them sit idle on the exchange.Interestingly, the interest on the crypto assets deposited for lending will be paid hourly with the users having the flexibility to deposit and redeem their assets at any time. This makes it easy for users to take advantage of the crypto market fluctuations.The exchange has made the lending service accessible to both novice and experienced clients through a simple four-step process. The deposited assets will remain secure throughout the lending process, thanks to the exchange’s advanced risk management systems.Besides benefiting lenders, borrowers will also have the opportunity to take up crypto loans for various earning strategies including trading perpetual contracts and capitalizing on spreads on the ByBit Earn. Borrowers will, however, be required to deposit collateral equal to or greater than the loan they intend to take.The post ByBit taps into crypto lending appeared first on CoinJournal.

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Bitcoin (BTC) and Ethereum (ETH) prices rose nearly 2% respectively as stocks plunged.The S&P 500 was down 1.5% as two bank stocks plummeted.BTC and ETH gains saw altcoins in the top 10 cryptocurrencies by market cap up.Bitcoin (BTC) price moved above $28,500 again on Tuesday, rising more than 2% in early morning trades during the US trading session. The upside was yet another attempt by Bitcoin bulls to establish a fresj footing in the key price range.Elsewhere, the price of Ethereum (ETH) rose above $1,860 to hit a new 24-hour high as crypto spot markets climbed. The Ether token was 1.9% up at the time of writing, gains that were being mirrored across the top 10 cryptocurrencies by market cap list.BTC and ETH have traded to year-to-date highs above $31,000 and $2,100 respectively.Stocks tank on bank fearsUS stocks opened lower on Tuesday as stock prices of another two US banks plunged amid the latest turmoil in the banking sector. The S&P 500 was down 1.5% while Nasdaq was shedding 1.3%.After share prices of First Republic Bank fell in the lead up to its takeover by JPMorgan, Tuesday saw prices of Pacwest (PACW) and Western Alliance (WAL) stocks bleed massively.At about 12:30 pm ET, the PACW and WAL share prices were down 26% and 20% respectively.The two bank stocks had plummeted more than 30% earlier as investor concerns around the turbulence within the US banking system resurfaced following the losses that followed the collapse of Silicon Valley Bank.Also on investors’ minds this week is the Fed’s meeting that kicked off on Tuesday. While the market has the anticipated 25bps interest rate hike baked in for after the FMC meeting, what the central bank says in relation to what next is seen as key.Economist Mohamed A. El-Erian, commented on the market outlook, stating via a tweet:“The roller coaster continues with, this time around, a 20 bps drop in the yield on 2-year Treasuries.  With such a key market segment continuing to be in urgent need of stabilization, it remains to be seen if the Fed serves this function tomorrow or, instead, is again a source of volatility.”Barry Knapp of Ironsides Macroeconomics says the Fed’s approach to the inflation question is fraught and dubious. The central bank has to consider what the market is telling it. He shared his views in an interview with CNBC’s Squawk Box."The whole 2% target is an absolute trap," says @barryknapp on the Fed's inflation target. "Trying to do the math on what's going to happen to credit and what that will mean for economic activity and inflation is a really fraught, dubious approach." pic.twitter.com/1HT9cx3ldJ— Squawk Box (@SquawkCNBC) May 2, 2023The post Bitcoin, Ether eye new move as stocks plummet on fresh bank fears appeared first on CoinJournal.

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Coinbase is a US-based crypto exchange.The move comes amid a growing regulatory crackdown in the US for the cryptocurrency industry.The new arm will allow users to trade perpetual futures, with initial contracts offering 5x leverage.Coinbase, a leading cryptocurrency exchange in the United States, has launched an international cryptocurrency exchange as a response to the increasing crypto regulatory crackdown in the US.The move is part of the exchange’s strategy to execute “the next chapter of the company’s Go Deep, Go Broad global expansion strategy.”Eyeing the global marketThe Coinbase International Exchange will allow institutional users from eligible jurisdictions outside the US to trade perpetual futures.In 2022, perpetual futures accounted for about 75% of global cryptocurrency trading. They created highly-liquid markets and offered traders additional versatility in their crypto trading strategies.Coinbase in a blog post stated:“Building out a global perpetual futures exchange for digital assets will help support an updating of the financial system by making Coinbase’s trusted products and services more accessible to users of digital assets who live outside of the US. As more and more markets are moving forward with regulatory frameworks to become crypto hubs, we believe the moment is right to launch this international exchange.”Currently, the Coinbase International Exchange has listed Bitcoin (BTC) and Ethereum (ETH) perpetual futures contracts. The listed contracts initially offer up to 5x leverage.The post Coinbase unveils a global crypto exchange as crypto crackdown in the US intensifies appeared first on CoinJournal.

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Litecoin creator Charlie is bullish on the LTC price.In a Twitter thread on Tuesday, Lee said he sees the cryptocurrency as having lots of potential.He noted that Litecoin was fairly launched and has had over 11 years of zero downtime.Litecoin (LTC) creator Charlie Lee says he sees the cryptocurrency as having value even as its price remains a fraction of Bitcoin (BTC), the pioneer asset that inspired what is often dubbed digital silver.In a tweet posted early Tuesday, Lee highlighted what he says are undeniable pointers to Litecoin’s key strengths. He sees Litecoin price gaining against Bitcoin.“It’s hard to deny there is value in Litecoin, a coin that has low fees, is protocol-compatible with Bitcoin, has the same game theoretical attack surfaces as Bitcoin, is secured with its own set of ASIC miners, is fairly launched, and has 11.5 years of history with zero downtime,” Lee noted.Charlie Lee is bullish on Litecoin priceSharing his price outlook for LTC, Lee said he expects the digital silver to rally to new highs. He notes that the current market values Litecoin around 1% of Bitcoin, which is “accurate.” However, with “a ton of potential”, the altcoin could rally to 10% of BTC.Lee says the cryptocurrency’s higher throughput, scalability, better fungibility and privacy are key features that could aid the coin’s price.According to him, going to 0.0125 BTC in the next bull cycle is possible. On the downside, the LTC creator gives a Litecoin price prediction of 0.0025 LTC/BTC.The market currently values Litecoin at slightly over 1% of Bitcoin. Is that fair? I think the market is accurate today, but Litecoin has a ton of potential. It has a higher throughput by design and scalability with extension blocks and better fungibility and privacy from MWEB.— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 2, 2023Litecoin traded at around $89 on Tuesday 2 May 2023, roughly 2% up on the day against the US dollar. Meanwhile, it was changing hands at 0.00307886 BTC, with the LTC/BTC pair just 0.1% in the green. While Litecoin price reached its all-time high above $410 in May 2021, its gains paled in comparison to Bitcoin’s rally to its all-time peak above $69,000.The post Litecoin creator Charlie Lee shares huge prediction for LTC price appeared first on CoinJournal.

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Singapore, Singapore, May 3rd, 2023, Chainwire<a href="https://zk.link/dunkirk">zkLink</a>, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. During this event, zkLink will shut down its servers for 72 hours, inviting users to try the emergency asset recovery feature, and earn rewards for taking part in the test.“The Dunkirk Test is like a fire drill for crypto users. We will simulate a sudden shutdown of the zkLink infrastructure, so that users can learn how to recover their assets,” said Vince Yang, co-founder of zkLink. “We believe the ‘Dunkirk Test’ could set a new benchmark for safety in the crypto industry. It is unacceptable that billions of dollars are lost each year due to custody fraud or cross-chain bridge exploits, so we encourage other DeFi protocols to conduct the same test to prove self-custody of user’s funds.”The Dunkirk shutdown period begins on May 11 at 12pm Singapore time, during which users can go to a recovery node and withdraw their assets back to their wallets.One of zkLink’s ecosystem dApps, ZKEX.com, will also take part in the shutdown test.To participate in the Dunkirk event, users should first join the campaign on Galxe.com, then trade on the ZKEX.com testnet using free test tokens until May 10, the day before the shutdown.“The ZKEX team is building what we hope is the safest omni-chain DEX in the industry. So to prove it, we’re joining zkLink in shutting down access to our trading platform to demonstrate users won’t experience another CeFi-like loss with us,” said Balal Khan, co-founder of ZKEX. “Think of this as a fake rug pull with a happy ending, giving peace of mind that crypto traders have ownership and control of their assets at all times, even if zkLink is down, or ZKEX.com disappears.”In addition to fourteen partners hosting recovery nodes, zkLink’s open-source asset recovery app has been released on Github, enabling anyone to download and run a private recovery node for fund withdrawal.The mainnet launch of zkLink is planned for summer 2023, soon after the Dunkirk test.For more information about the Dunkirk asset recovery test, visit <a href="https://zk.link/dunkirk">zk.link/dunkirk</a>About zkLinkzkLink is a multi-chain trading infrastructure secured with zk-SNARKS, empowering the next generation of decentralized trading products such as order book DEX, NFT marketplaces, among others.By connecting various L1 blockchains and L2 networks, zkLink’s unified, multi-purpose ZK-Rollup middleware enables developers and traders to leverage aggregated assets and liquidity from different chains and offer a seamless multi-chain trading experience, contributing to a more accessible and efficient DeFi ecosystem for all.About the ‘Dunkirk Test’Inspired by the historic evacuation from the beaches of Dunkirk, the zkLink Dunkirk Test serves two critical purposes: boosting user confidence in zkLink system security and promoting the adoption of the Dunkirk Test as an industry standard for absolute fund security.In this first test, the zkLink protocol will shut down for three days, allowing users to recover their assets from either a hosted or self-hosted recovery node. Asset balances will be rebuilt from all connected blockchains, and withdrawn back to users’ wallets, giving peace of mind that user funds are truly self-custodial.A number of partners have committed to run recovery nodes for users during the Dunkirk shutdown period, namely Alliance DAO, Ascensive Assets, BitEye, Bware Labs, CyberConnect, Kepler-428 DAO, Meria, Morningstar Ventures, Republic Crypto, Secure3, Smrti Labs, TokenInsight, Unipass, and Verilog.To stay updated and learn more about zkLink, follow zkLink on:<a href="https://zk.link">Website</a> | <a href="https://twitter.com/zklinkorg">Twitter</a> | <a href="https://discord.gg/9GCwxN7xaJ">Discord</a> | <a href="https://drive.google.com/drive/folders/15pnVTBdVgWupc8xZEKAAEr2DWL8DgAo9">Logo</a>ContactzkLink Marketing Team
zklinkteam@zklink.orgThe…

The Federal Reserve will conclude its two-day meeting on Wednesday.It comes as the US economy faces significant risks, including the collapse of regional banks.These events could be good catalysts for AltSignals (ASI).The American economy is facing significant headwinds, which are helping <a href="https://coinjournal.net/price/">Cryptocurrency prices</a> are holding quite well as investors continue worrying about the American economy. As a result, <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> has emerged as a safe haven as it sits close to its year-to-date high. Other coins like Ethereum, Litecoin, and Jasmy have done well. Similarly, investors are investing in token sales like AltSignals (ASI) in their hunt for the next big thing.Risks to the American economyThe American economy is facing significant risks as it adjusts to the new normal of high-interest rates. Most of these challenges are all interrelated. The biggest risk to the economy is the banking sector, which has come under intense strain recently. On Monday, the <a href="https://coinjournal.net/news/bitcoin-ether-eye-new-move-as-stocks-plummet-on-fresh-bank-fears/">FDIC seized First Republic Bank</a> and then sold it to JP Morgan, the biggest bank in the country.There are concerns that more banks could collapse in the coming months. On Tuesday, PacWest stock price plunged by more than 30%, meaning that it has fallen by over 70% in the past two months. Western Alliance and M&T Bank have all retreated. This is a sign that investors expect the banks to collapse soon.The other risk is on the commercial real estate industry that is on the verge of collapse. The industry is dealing with high-interest rates, low occupancy rates, and upcoming debt maturities. Some of the worst-affected cities are San Francisco and New York. A collapse of these companies could also have an impact on the banking sector.Meanwhile, there is also risk to a credit default in the US as Democrats and Republicans differ on raising the debt ceiling. In a warning this week, Janet Yellen said that the US government could run out of money on June 1. The US is also facing significant inflation risks.Cryptocurrencies as a safe havenTherefore, these challenges are good for cryptocurrencies for two main reasons. First, investors believe that Bitcoin is a safe haven, which is equivalent to a digital gold. This explains why Bitcoin has outperformed the Nasdaq 100 and S&P 500 indices this year. eGold has also done well as it sits closer to its all-time high. Second, these risks means that the Federal Reserve will likely go slow in its hiking path. Analysts expect that the Fed will start pivoting as soon as on Wednesday of this week. This pivot could mean pausing on rate hikes or delivering a rate hike and pointing to a pause. This pivot will be a positive thing for Bitcoin. Bitcoin tends to have a positive correlation with other altcoins like Ethereum and Solana. If this works out well, it means that Bitcoin could continue rising in the coming months. In a recent note, analysts at Bloomberg Intelligence and Standard Chartered said that Bitcoin could jump to over $100k in the next few months. A Standard Chartered analyst <a href="https://www.coindesk.com/markets/2023/04/24/bitcoin-price-may-hit-100k-by-year-end-standard-chartered-bank-says/">wrote</a>:“Against this backdrop, bitcoin has benefited from its status as a branded safe haven, a perceived relative store of value and a means of remittance. While BTC can trade well when risky assets suffer, correlations to the Nasdaq suggest that it should trade better if risky assets improve broadly.”Implications for AltSignalsThe implications of these Bitcoin bullish calls are positive for AltSignals (ASI) and other altcoins. For starters, AltSignals is a profitable company that provides signals to traders from around the world. Presently, the platform uses manual approaches like indicators to provide these trading signals. As part of their growth strategy, the developers hope to use both blockchain and artificial…

Bitcoin finds resistance at $30kThe neckline of a head and shoulders pattern provides supportThe realized HODL ratio suggests investors may buy the dipThe main event of the trading day is the Federal Reserve meeting. Most market participants expect the Fed to hike the interest rate by another 25bp, but the key would be how it communicates its decision. A dovish rhetoric should be bearish for the US dollar and bullish for Bitcoin, whereas a hawkish one would weigh on Bitcoin as the dollar would rally. Ahead of the Fed’s decision, Bitcoin struggles at $30k. It found it difficult to overcome horizontal resistance, and it formed a possible head and shoulders pattern. While incomplete, it may lead to further weakness should the price drop below the pattern’s neckline. In such a case, buyers are likely to emerge in the $24k area, where previous resistance may provide support. MediaBitcoin chart by TradingViewThe realized HODL ratio for Bitcoin favors buying future dipsAlso called the RHODL ratio, it has a simple interpretation. The market was overheating whenever the ratio reached the red band, meaning that the bullish cycle was ending. Conversely, the bearish market ends whenever it reaches the green band and a bullish cycle should start. Bitcoin rallied at the beginning of 2023 as the RHODL ratio indicated the end of the bearish market. MediaHence, any dip as a result of today’s Federal Reserve decision should be bought as RHODL has a lot of room until reaching the red area.The post Bitcoin price forecast ahead of the Federal Reserve meeting appeared first on CoinJournal.

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Key TakeawaysFirst Republic has become the latest bank to collapse in the USBitcoin has bounced this week, as it did in March when SVB fell and the banking crisis was triggeredOur Head of Research, Dan Ashmore, contends that Bitcoin remains a risk asset, despite claims from enthusiasts that a decoupling is occuringCorrelation with stock market is still high, he writes, pointing to altered expectations around interest rate policy as the reason Bitcoin has moved upwardThere has been chatter amid the market recently (again) that <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> is decoupling from stocks. Something about Bitcoin offering an alternate store of value outside the realm of the fiat world, a proposition that has suddenly become a lot more valuable as the banking turmoil striking the US rages. Let me start by saying that I don’t think my opinion is very valid here. I can’t predict the future. But I want to look at the numbers because I believe they prove that this theory, that Bitcoin has decoupled, is objectively false. I wrote a <a href="https://coinjournal.net/news/no-bitcoin-is-still-as-correlated-as-ever-with-the-stock-market-a-deep-dive/">deep dive</a> on Bitcoin’s correlation with stocks in March, when this theory originally surfaced as Silicon Valley Bank collapsed, while Bitcoin raced upwards. The same logic applies now, so let me try summarise it by refreshing the same numbers. And a quick note – this article is nothing about my beliefs around Bitcoin’s trajectory in the long-term. Whether Bitcoin decouples in future and establishes itself as a store of value akin to gold, uncorrelated to other risk assets, is a debate for another time and not one I will delve into here. I’m purely looking at the price action <em>today </em>and saying that, as of May 2023, Bitcoin is trading like an extreme-risk asset, completely removed from this uncorrelated vision. Bitcoin’s correlation with the NasdaqThe natural place to look is tech stocks, being one of the riskier subsectors of the equity universe. The Nasdaq, being a tech-heavy index, is often seen as the benchmark for this sector. So let us chart Bitcoin’s correlation with the Nasdaq over the past couple of years.  Using a 60-Day Pearson measure, the chart shows that the correlation has bounced around a lot over the past couple of years. For the most part, however, it has shown a relatively strong relationship, frequently residing above 0.5. There were a couple of dips. The first is clearly May/June 2021, when Bitcoin cratered from $63,000 to $31,000 for no apparent reason, before climbing back up into the high sixties later that year. The second large dip in correlation is in November 2022. This was none other than the FTX collapse, the staggering implosion sending shockwaves through the crypto industry. At the same time, stocks actually advanced significantly as softer inflation data cropped up and optimism increased around the future path of interest rates. Cue the big dip in correlation. Therefore, there have been two periods of notable, and very large, decorrelations. Both of these occurred as crypto melted down, independently of the stock market. If you look closely over the last year – I have shown the correlation over the last year below – you will see another big deviation in the summer of 2022 when crypto “bank” Celsius shut withdrawals.  And most importantly, the correlation has come back up swiftly every time. Including in March, when Bitcoin outperformed in the aftermath of the banking crisis. But, did it really outperform in March? The correlation above remained relatively high, certainly nowhere near previous episodes of decorrelation – and a lot more brief. Sure, Bitcoin raced upward further than the Nasdaq post-SVB, but it also fell further prior to the guarantee that deposits backing the second largest stablecoin, USD Coin, were safe. In reality, Bitcoin did what it has been doing – sold off more aggressively and then bounced back stronger. Because, well, it is riskier.  Besides, the elephant…

Bitcoin Cash price has remained in a consolidation phase in the past few weeks.It remains significantly below the year-to-date high of $153.The Fed is expected to hike interest rates by 0.25% and point to a strategic pause. Bitcoin Cash price has moved sideways in May as the recent bullish momentum faded. The BCH coin was trading at $120, where it has been in the past few days. This price is below the year-to-date high of $152. Fed interest rate decisionBCH price continued consolidating as investors waited for the upcoming interest rate decision by the Federal Reserve. This will be an important decision because of the current state of the American economy. While the unemployment rate sits at a 50-year low, inflation remains stubbornly high while the manufacturing output has contracted for several straight months. Similarly, data published last week showed that the economic slowdown continued in Q1.The other risk is that the commercial real estate industry is on the verge of collapse as interest rates rise and maturities near. Further, because of hybrid work and white-collar layoffs, many houses have high vacancy rates. Therefore, there is a possibility that the Federal Reserve will have a balancing act in its decision later today. Analysts believe that the bank will hike rates by 0.25% and then hint of a strategic pause. In a note, an analyst told Coindesk:“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause.”A dovish tone will be positive for Bitcoin Cash and other cryptocurrencies like Bitcoin, Cardano, and Solana. Historically, these coins tend to do well when the Fed has abandoned its hawkish tone. The other catalyst for Bitcoin Cash is the performance of regional bank stocks on Wednesday. Of companies like Western Alliance and PacWest continue crashing, it could incentivize more people to buy cryptocurrencies like BCH. Bitcoin Cash price prediction MediaIs it safe to invest in Bitcoin Cash? The daily chart shows that the BCH price has been in a tight range in the past few weeks. It is consolidating at the 25-day and 50-day moving averages. The Awesome Oscillator has moved below the neutral point while the price is below the key resistance point at $153. Volume remains low. Therefore, the next price action of Bitcoin Cash will depend on the performance of regional bank stocks and the outcome of the Fed decision. The next key support and resistance levels to watch will be at $110 and $125.How to buy Bitcoin Cash eToro eToro 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 BCH with eToro today Disclaimer Public Public 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 BCH with Public today Disclaimer The post Bitcoin Cash price remains calm ahead of the Fed decision appeared first on CoinJournal.

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MicroStrategy Inc narrowed its bitcoin-related loss in the first quarter.Its executive chairman Michael Saylor remains bullish as ever on bitcoin.Bitcoin is currently up roughly 70% versus the start of the year 2023.Bitcoin has lost about 7.0% in recent weeks but Michael Saylor – the Executive Chairman of MicroStrategy Inc remains convinced as ever in its long-term potential.Michael Saylor on MicroStrategy’s Q1 resultsEarlier this week, the Nasdaq-listed firm said impairment loss related to its bitcoin holdings narrowed more than 90% sequentially to $18.9 million in the first quarter. According to Saylor:Bitcoin is the ultimate digital scarcity network. It’s moved up about 50% on average over the last three years. The key with bitcoin is to be able to hold on to it and stomach the volatility.MicroStrategy now owns a total of about 140,000 bitcoins. Naturally, therefore, the recent surge in BTC that’s still up some 70% for the year has been a meaningful tailwind for the company.“MSTR” has more than doubled since the start of 2023.Why is bitcoin price on the rise this year?Saylor attributes strength in the price of bitcoin this year partially to inflation that’s still running at an annualised rate of 5.0% in the United States – well above the Fed’s 2.0% target.The recent bank failures, he added, have also hurt confidence in the fiat currencies. On CNBC’s “Closing Bell: Overtime”, Saylor said:Bitcoin is a bank in cyberspace run by incorruptible software. So, the phase be your own bank has emerged as an investment idea in the United States.Interestingly, he dubbed the ongoing crypto crackdown a benefit for bitcoin as well since it has established a reputation as the safe-haven asset.The post Michael Saylor on bitcoin: ‘hold on to it and stomach the volatility’ appeared first on CoinJournal.

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Liquid Staking Derivatives layer 1 blockchain is called Tenet.The blockchain will create a hub for Liquid Staking Derivatives (LSDs).Tenet’s testnet went live today allowing developers to interact and experiment with the platform.Former Ankr and Blockdaemon executives have joined hands to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs).The Tenet Testnet has been launched today, allowing developers to interact and experiment with the platform.Tenet protocol featuresTenet is an Ethereum Virtual Machine (EVM) compatible Layer 1 protocol. It is designed to bring additional liquidity and yield opportunities to LSDs by allowing users to re-stake their assets in the network and participate in the network’s DeFi ecosystem.Different from other Cosmos chains that rely on their own native tokens for PoS security, Tenet validators can make use of a unique mechanism called Diversified Proof of Stake (DiPoS). DiPoS allows validation by re-staking LSDs from other L1 ecosystems supported by Tenet, such as Ethereum, BNB Chain, Cosmos, Solana, and Polygon.Re-staking LSDs from other blockchains ensures the long-term security of the Tenet chain by leveraging the joint security of each of the Layer 1 ecosystems it services.Commenting on the launch of Tenet’s Testnet, the co-founder of Tenet, Greg Gopman, said:“At Ankr, we helped bring Liquid Staking Tokens to eight Blockchains and built out some of the best LSD infrastructure in the industry, but no one used it. Tenet was really a golden opportunity for being first to market in utilizing best-in-class technology with almost $20B in untapped liquidity. We analyzed what other projects like Berachain and Eigen Layer were doing and realized that there was a better way to position ourselves to best address the market. We’ve chosen to take a user-centric path, making the staking and LSD experience simpler and more secure for the average user.”Using LSDs on TenetThe re-staked LSDs on Tenet are usable just like LSDs or LLSDs to take advantage of DeFi opportunities on the Testnet ecosystem.Besides taking advantage of lending pools and DEXs, Tenet users will also be able to mint the Universal Stablecoin interest-free, allowing them to receive an “advance” on their future LSD yields.Tenet also offers the first L1 ecosystem with native gauges, which allow veTenet token holders to earn direct rewards to the pools they choose.The post EX Ankr and Blockdaemon executives launch Liquid Staking Derivatives L1 chain appeared first on CoinJournal.

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While crypto investing can produce significant percentage gains over a long-term timeframe, investors seeking quick gains at the top of prolonged rallies often see negative returns. The cryptocurrency market tends to fluctuate between maximum fear and maximum greed, with widespread bullish sentiment occasionally producing the inverse effect on the market.Crypto investing has been rewarding recently, with new projects such as <a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=63">Metacade</a> seeing major success during their early stages. Many participating in crypto investing are wondering whether prices will continue to rise or whether a correction is imminent, and what this might mean for promising new projects such as Metacade.Crypto investing becomes overbearingly bullish. What could this mean for Metacade?Sentiment has remained bullish in the cryptocurrency market as Bitcoin (BTC) <a href="https://www.reuters.com/technology/bitcoin-pushes-past-30000-investors-eye-end-rate-rises-2023-04-11/">recently broke through</a> a critical psychological resistance level at $30,000. Shortly after, Ethereum (ETH) broke $2,000 and kickstarted calls for an alt season following a multi-month Bitcoin rally.Alt seasons can be prime times to buy as crypto investing often produces significant returns during this period. However, it remains to be seen whether 2023 will have a fully-fledged alt season, as some leading tokens in the cryptocurrency market have yet to retest support.The cryptocurrency market is filled with new altcoin opportunities, including the emergence of Metacade – a comprehensive GameFi platform that brings <a href="https://sensoriumxr.com/articles/what-is-play-to-earn-gaming">extensive earning capabilities</a> to its community. The MCADE token has just been launched on UniSwap and Bitmart, which has generated excitement among the Web3 community.The MCADE token presale was a major success, raising $16.4 million worth of investment to develop the blockchain arcade. Metacade has been one of the most exciting new platforms in the cryptocurrency GameFi market during 2023, as investors have strongly backed its expansive, community-based and futuristic Game-Fi vision.Could MCADE reach $4 in 2025?Crypto investing during a bear market can potentially produce major long-term returns, especially when purchasing promising new tokens such as MCADE. Whether or not the recent rally in the cryptocurrency markets continues, the MCADE token is widely considered to have vast potential for the future.MCADE is fresh from a successful presale and two popular exchange listings in April 2023. The token can now be purchased on both Uniswap and Bitmart, which could boost overall demand for the project in the coming months and years.Crypto price analysts have highlighted MCADE’s innate utility and deflationary tokenomics as reasons to be bullish. Some put the 2025 MCADE price prediction at $3.50 – a significant price increase from its current price of $0.039.What is Metacade?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=63">Metacade</a> will become the largest on-chain arcade in <a href="https://ethereum.org/en/web3/">Web3</a>, offering a vast selection of different play-to-earn (P2E) arcade games that each has integrated earning potential for players. The project is a community-driven initiative built by gamers for gamers, which can help usher in a new era of gaming on the blockchain.A core aim of the Metacade project is to create a central hub for blockchain gamers to enjoy. To do this, the platform brings several variations of the classic P2E mechanic. Metacade’s earning capabilities go beyond gaming to include Create2Earn, Compete2Earn, and Work2Earn.How does MCADE work?The MCADE token is used to pay rewards in the metaverse arcade. As well as this, Metacade is developing various DeFi services for crypto investing, including staking to earn a passive…