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…

Key takeawaysFlare has integrated its API Portal on the Google Cloud Marketplace.The integration grants developers access to a wide range of blockchain APIs.Flare partnered with Uppercent earlier this year to launch an NFT marketplace for e-learning. Flare integrates its API Portal on Google Cloud MarketplaceFlare, a Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet, has announced the integration of its API Portal on Google Cloud Marketplace.In a press release shared with Coinjournal, the team said it is launching some of the first blockchain APIs on the platform. This latest cryptocurrency news means that blockchain data from Flare’s nodes and Connected Chain nodes can be accessed by developers using Google Cloud Marketplace to perform easy blockchain transactions and read up-to-date states.Thanks to this integration, Google Cloud’s built-in Cloud Marketplace now supports blockchain APIs for Algorand, BNB Smart Chain, Bitcoin, Dogecoin, Ethereum, Flare, Litecoin, Songbird, and XRP.Furthermore, the Flare team said all of the blockchain APIs that are added to its API Portal in the future would be made available to Google Cloud developers. With blockchain APIs, developers can create applications that carry out transactions and query on-chain data pertaining to the chain’s latest state.By accessing APIs, developers no longer need to run their own nodes for the blockchains they wish to interact with. This is a useful feature for developers, especially when creating cross-chain applications that must query multiple data sources. Developers can access Flare APIs using their existing Google Cloud accountThe Flare team informed developers that they can access all of Flare’s current APIs via their existing Google Cloud account.While commenting on this latest development, Josh Edwards, Flare’s VP of Engineering, said; “Greater availability of leading blockchain APIs on platforms such as Google Cloud Marketplace reduces the barriers to Web3 participation. It makes it easier for developers to experiment with blockchain technology and its many use cases without being burdened by onerous hardware costs and ongoing maintenance. It also opens up the possibility for larger organizations and partners to experiment with a safe, secure, and approved set of Web3 APIs. As a result, developer teams have the flexibility to create applications without any infrastructure headache, which allows them to focus on creating and shipping great products.”James Tromans, Head of Web3 Engineering at Google Cloud, also said;“We’re excited to support and promote the ambitions of our Web3 partners in our ecosystem, with the integration of Flare’s high-performance APIs into our Marketplace.”Flare has been busy creating despite the bear market. In February, Flare partnered with Uppercent to launch the first NFT marketplace for e-learningFlare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet.The post Flare’s API Portal launches on the Google Cloud Marketplace appeared first on CoinJournal.

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DigiToads is currently conducting a presale of its native token, TOADS.At press time, the current presale stage Lilypad 5 was 83.84% sold out.A single TOADS token is currently going for $0.024.Meme coins might have taken their sweet time to enter the crypto hall of fame, but there’s no denying that they still have a long way to go. Inspired by viral internet memes, meme coins are edging ahead to establish themselves as a quality mainstream financial instrument. Take the example of <a href="https://coinjournal.net/dogecoin/what-is-dogecoin/">Dogecoin </a>or even <a href="https://digitoads.me/cjl">DigiToads</a>, which has raised more than $2.2 million in just four presale stages. Built on the <a href="https://coinjournal.net/ethereum/what-is-ethereum/">Ethereum </a>network, DigiToads has been garnering a lot of attention with its next-generation features that combine the utility of different cryptocurrencies. The hybrid model enables users to earn a passive income.DigiToads: Unravelling the full potential of DeFiDigiToads is an upcoming meme coin that offers stake-to-earn and play-to-earn features on its platform. Its native token is TOADs which can be used to access all its features. DigiToads’ unique DeFi model makes it an ideal option for those interested in learning all about cryptocurrency trading for beginners.You can stake tokens or trade them, participate in Web 3.0 games to win rewards, enter giveaways worth $150,000, and even stand a chance to win daily and weekly prizes. For those interested, the TOADS token has been released on presale. With 10 stages in all, the presale process is currently in its fifth phase ‘Lillypad 5’. You can participate in the presale <a href="https://digitoads.me/cjl">here</a>.DigiToads gameDigiToads game is based in a metaverse swamp where players have to show their skills by defeating their competitors with the help of DigiToads. These digital creatures have unusual abilities like strength or a special trait that can up a player’s game. Players can use TOADS tokens to acquire food, potions, and exercise equipment for their DigiToads.When the season ends, the players occupying the top 25% of the positions on the scoreboard are rewarded with TOADS tokens. As far as staking goes, there are ample opportunities to stake NFTs on DigiToads. The longer the period of staking, the higher the rewards that you will earn. The staking pool comprises 2% of the annual profits rakes by the project.The DigiToads team has laid out a community-centric roadmap for its future growth. These plans include donating 2.5% of the annual profits to organizations involved in the preservation of rainforests and replanting trees.The organizations that would get these donations would be picked out by the community members. Moreover, the team would be launching an online learning facility to offer sessions on cryptocurrencies and the DigiToads network. To access these sessions, one would have to own at least three TOADS NFTs.Dogecoin has a new patron: Sean Ono LennonDogecoin is one of the most-traded meme coins and its symbol briefly replaced Twitter’s iconic blue bird symbol. It draws inspiration from a Japanese dog breed and its meme coin’s native token is DOGE.Dogecoin was initially rolled out as a hard fork of Litecoin and the meme coin recently made waves internationally after former Beatles singer John Lennon’s son Sean Ono Lennon announced that he is now following Dogecoin founder Billy Markus on Twitter. He had earlier also extended his support to Bitcoin in a tweet.What are analysts saying about DigiToads?DigiToads has become a sensation within the crypto space and especially among the meme coins. If it continues on the same track, DigiToads could be among the meme coins that are going to shine in 2023.The major reasons behind TOADS’ popularity include its higher growth potential and the diversity it offers users when it comes to earning passive income. By choosing between various opportunities, users can look forward to building a respectable means of residual…

AltSignals presale is now 63% complete as investors camp on new tokens$ASI, the native token, will power ActualizeAI, an AI-based signal service$ASI could rise by 1,000% after listing on exchanges as more investors access the tokenAltSignals upcoming token $ASI, currently in the first phase of the presale, is 63.85% sold out. The quick sell-off of the token that will power an AI trading signal service by AltSignals underlines investors’ growing appetite for new tokens. $ASI will be the first of its own for a reputable trading service provider, explaining why investors are anxious. Investors can join the presale here.<strong>SUI token surges 1,000% amid strong demand </strong>SUI, the token of the highly anticipated Sui Network, went up 1,000% on May 03, shortly after it went live. The price increase underlined investors’ demand for newly launched tokens powering novel use cases. Sui is a Layer-1 blockchain network that operates similarly to established protocols like Bitcoin and Ethereum. However, unlike its peers, Sui facilitates instant transactions through Move, a native programming language. Sui also enables parallel transaction processing by scaling horizontally. Enthusiasts see this feature as crucial in the overall scalability and throughput of the network. As such, SUI is expected to be powerful in retail payments as well as gaming. The case for SUI is a testament that investors are always searching for the next big thing in crypto, despite the prolonged bear market. AltSignals token $ASI is in no way different. $ASI is unique, and its success is pegged on investors’ belief that it caters to an unmet need in the market – AI-enabled trading. So far, as the presale has shown, investors are highly optimistic.<strong>What is AltSignals and $ASI</strong><a href="https://www.altsignals.io/">AltSignals</a> is a UK-based signal service company that was launched in 2017. Since then, it has grown popular for providing quality trading signals to its over 50,000 members on Telegram. The trading signal service has earned a 4.8/5 star rating on Trustpilot. The AltSignals team wants to upgrade its signal-generating service after its early success. It seeks to integrate artificial intelligence, natural language processing, machine learning, and advanced sentiment analysis in signal generation. The new AI-powered trading platform, dubbed ActualizeAI, will be powered by $ASI crypto tokens. The tokens will be the unit of membership in ActualizeAI, which holders will use to vote on governance. The idea of fully automated trading, available 24/7, makes ActualizeAI a step higher and why investors are buying $ASI.<strong>Is $ASI a good investment?</strong>Looking at AltSignals in general, $ASI could be a good investment for investors looking to grow earnings through trading digital assets, shares, and forex. The good thing about the signal service is that it has earned a reputation for the past years. Investors know they are dipping their fingers into an already trusted service and company.$ASI is starting, and its price could skyrocket as more investors join ActualizeAI. It then makes sense to expect huge returns once the token completes the presale and starts to get listed on exchanges. Apart from speculating on the price of $ASI, investors can earn by staking the token and participating in trading tournaments. Investors also get early access to exclusive opportunities on the platform. As such, the token could be a good investment for investors seeking passive income. <strong>Will $ASI reach $1 in 2023?</strong>$ASI is valued at $0.015 presently. To get to $1, the token must rise by over 6,500%. This could be an over-ambitious prediction for 2023, although we can’t rule out the price in the future. Our conservative prediction is $0.15 when the token is listed on major exchanges, which is expected to occur in the second quarter. As we already saw with SUI, newly launched tokens easily rise by over 1,000% when demand is strong. Thus, if $ASI rises by similar margins, given the current and…

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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My Neighbor Alice CEO, Lenny Pettersson, spoke at the three-day NFTNYC conference, which happened between April 12th and 14th, alongside other NFT projects and creators—sharing his insights with calmer than usual audiences to highlight the shifts in NFT for games, metaverse, as well as the importance to protect NFTs from falling in price.Speaking on the recent uptrend in investing in collectibles and gaming assets, Lenny has highlighted how blockchain games are now at the forefront and equivalent to the mainstream gaming industry. The younger investors are now looking to invest in blockchain games with reliable and credible development teams, with a much lesser interest in the token ecosystem of a project than in previous years.Another spotlight moment for Lenny was the moderation of a panel discussion on “NFTs: Placing More Power in Players’ Hands”, Lenny discusses the potential of a significant IP that offers interoperability through NFTs and the importance of keeping a healthy relationship between developers and players.He closes off his topic by addressing the issues of falling NFT prices. Although there is no guaranteed way to protect an NFT from falling in price from various factors, which includes market sentiment, supply and demand, and broader economic trends. Lenny advises NFT collectors to take additional steps to help mitigate the risk of their NFTs losing value by doing a thorough research and due diligence before buying an NFT. Look into the artist or creator, the rarity and uniqueness of the NFT, and the historical sales data for similar NFTs. Information on credible news channels to help investors make informed decisions and avoid overpaying for an NFT.In most cases, diversifying the NFT holdings by investing in various assets with different creators and themes can help spread the risk and reduce the impact of any individual NFT losing value. NFT collectors were advised to take a long-term approach to NFT investing and focus on assets with long-term potential value, such as those with strong community support, unique functionality, or historical significance. About My Neighbor AliceMy Neighbor Alice is a social online multiplayer builder game built on the Chromia blockchain platform. The project is designed to promote an end-to-end blockchain game ecosystem that allows for an easy transactions within the NFT and gaming community. The technology behind My Neighbor Alice is based on a staking and renting system. The system is being developed and will debut next year, allowing users to rent their NFTs for even more significant earnings potential. Ultimately sets them apart from other play-to-earn games. My Neighbor Alice aims to become a dominant entity in the blockchain gaming space and seeks to maintain and develop a vibrant community for diverse players.Media Contact: pr@myneighboralice.comContact Name: Fati HakimThe post NFTNYC 2023 Recap: Safeguarding NFTs –
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Federal Reserve raised the funds rate by another 25bpJerome Powell hinted at the end of the tightening cycleThe US dollar did not move following the Fed’s decisionThe Federal Reserve of the United States (Fed) delivered its interest rate decision yesterday. It was, by far, one of the most important Fed meetings because of the tough job lying ahead of Chair Powell.It was all about communication. On the one hand, the Fed tightened financial conditions again by raising the funds rate by 25bp.On the other hand, it wanted to say that it was time to pause the rate hikes without the market understanding that rate cuts would follow. The market, however, priced in several rate cuts until the end of the trading year – something that Powell dismissed completely.However, it would not be the first time when the market forced the Fed to do something it did not plan to. Therefore, there is always a struggle to find the right balance between the appropriate monetary policy decision and the right way to deliver it.MediaBitcoin chart by TradingViewThe crypto market did not move following Powell’s press conferenceThe rate hike was largely priced in way before the Fed’s statement. However, the press conference was supposed to move markets.But it did not. The US dollar traded in a tight range, which was also obvious in the cryptocurrency market.Bitcoin, for example, moves in a tight range for the industry’s standards and is still trading at levels seen at the start of April.Part of the reason for the lack of activity might be attributed to Jerome Powell. He delivered a great press conference that left no doubts about the Fed’s intentions. Hence, both bulls and bears were content, and now the focus shifts to the jobs report on Friday.The post Fed’s decision had no impact on the crypto market – yet appeared first on CoinJournal.

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Key TakeawaysThe balance of stablecoins on exchanges is at a 2-year lowIn the last 5 months, over half the stablecoin balance on exchanges has flowed out, equivalent to $22.8 billionTreasury yields above 5% have given viable alternatives for investors, with capital fleeing stablecoinsBUSD shutting down and USD Coin getting caught up with the SVB collapse has also pushed money outTether has its highest market share in two years, despite 30% of its supply on exchanges heading for the exit door since FTX collapsed six months agoA couple of months ago, I put together a <a href="https://coinjournal.net/news/45-of-stablecoin-balance-has-left-crypto-exchanges-in-4-months-but-where-has-all-the-money-gone-a-deep-dive/">deep dive</a> analysing the flood of stablecoins leaving exchanges. As of today, the exodus shows no sign of slowing down. Over half the total supply of stablecoins on exchanges has now fled in five months, equivalent to $22.8 billion.  As the above chart shows, the outflows kicked off in Q4 of last year, following the collapse of FTX, a time period during which Binance also came under heavy fire for how opaque its operation was. Some outflows are easily explained. In February, BinanceUSD issuer SEC was sued by the SEC for violations of securities law, the development meaning the Binance-branded stablecoin would be no more, its market cap set to gradually decline to zero. USD Coin, the US-domiciled stablecoin issued by Circle, has also had its issues. Firstly, being based in the US, there has been concern that regulators will come knocking for the same reason that Paxos came fire. More dramatically, however, was the collapse of Silicon Valley Bank, as 8.25% of the reserves backing USD Coin were held in the fallen bank.While the SVB debacle ended with the US administration guaranteeing deposits, it did briefly drive the USDC peg down to 92 cents, amplifying the outflows of an already-slipping USDC market cap. In fact, when comparing to before the FTX collapse in November, all the major stablecoins have seen significant outflows from exchanges: Tether market share growingEven Tether has seen large outflows, its balance falling 30%. This is despite the world’s biggest stablecoin growing even more dominant in terms of market share, now with its greatest share in over two years, as analysed in a previous <a href="https://coinjournal.net/news/tethers-market-share-grows-to-61-a-two-year-high-as-crypto-centralisation-grows-a-report/">data piece</a>.  My deep dive two weeks ago assessed the implications for crypto as a whole of the growing dominance of Tether, but while its market share may be growing, its balance on exchanges is still falling – in line with the rest of the stablecoin space.In truth, it goes beyond stablecoins.  Elsewhere in crypto, liquidity is also thinning. The Bitcoin supply on exchanges is <a href="https://coinjournal.net/news/bitcoin-supply-on-exchanges-lowest-since-2017-bull-market-peak-but-why-on-chain-report/">at its lowest</a> since the prior bull market peak in 2017. Ethereum is the same – the balance of ETH at a <a href="https://coinjournal.net/news/eth-on-exchanges-at-5-year-low-as-capital-continues-to-flee-crypto/">5-year low</a>. This makes sense when one takes a step back and reviews what has happened in the crypto space. Even beyond the issues specific to stablecoins that were mentioned earlier, the industry has been absolutely ravaged. Multiple scandals have rocked the space – LUNA, Celsius and FTX, to name a few. Regulators are moving quickly against some of the industry’s biggest players. And most pernicious of all is the wider macro environment: last year saw the Nasdaq shed a third of its value, its worst return since 2008. This amounted to the first significant and prolonged pullback in wider markets in the history of crypto’s short existence, as Bitcoin was only launched in 2009. A view of what has happened to Treasury yields should provide a clear picture of what has happened to liquidity. At the end of the day, interest rate hikes serve…

Key takeawaysThe Venom Network’s first testnet was successfully launched.The team revealed that 223,446 wallets created were created, and 69,000,000 transactions were completed.The Venom testnet is designed with ecosystem users and developers in mind.Venom Network launches its first public testnetVenom Foundation, a decentralised network aimed at accelerating Web3 development and which is licensed by the Abu Dhabi Global Market (AGDM), announced on Wednesday, May 3rd, that it has successfully launched its first testnet. Venom is a highly scalable layer-1 blockchain network designed to support a wide range of decentralised applications. A massive thank you to our incredible community for participating in this first week of #VenomTestnet! With your help, Venom will pave the way for a brighter future. Last week in numbers👇 pic.twitter.com/xqGuyhFH4I— Venom Network (@Venom_network_) May 3, 2023According to the Venom Foundation, 223,446 wallets were created in the first week of the public testnet. Furthermore, the team revealed that a total of 69 million transactions were carried out during the testnet. The Venom Foundation previously pointed out that the public testnet going live is a huge milestone for the blockchain ahead of its mainnet launch. In addition to the testnet, the Venom Foundation also launched several dApps developed in-house as it grows its blockchain ecosystem. Other than the testnet, Venom has also released multiple decentralized applications (dApps) developed in-house as part of the L1’s growing ecosystem. Peter Knez, the Chair of the Venom Foundation Council,While commenting on the testnet launch last week, “We’re excited to announce the launch of Venom’s public testnet, a crucial step towards our upcoming mainnet launch. With our highly scalable and reliable asynchronous blockchain, we’re confident that developers will be able to build innovative dApps, while users will be able to experience them firsthand.”1,370,189 NFTs minted during testnetIn addition to the record number of wallets created and transactions completed during the testnet’s first week, Venom also reported another important milestone.According to the Venom Foundation, a total of 1,370,189 NFTs were minted during the first week of the testnet launch. This is an important milestone as Venom seeks to become a leading blockchain in the NFT ecosystem. The post Venom Network’s public testnet records 69 million transactions appeared first on CoinJournal.

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AltSignals (ASI) token sale continues as crypto is poised to react higher.This follows hints by the US Federal Reserve of pausing interest rate hikes.ASI token could also benefit from expected explosion in interest around artificial intelligence (AI) projects.Artificial intelligence continues to make waves, with both consumers and businesses looking to tap into opportunities being presented by the technological leap. Airbnb CEO Brian Chesky said in an <a href="https://twitter.com/SquawkCNBC/status/1654116763087372288">interview</a> with CNBC on Thursday that <a href="https://coinjournal.net/news/tag/ai/">AI</a> could be bigger than the internet revolution.AltSignals, a trading signals platform looking to upgrade its algorithm by introducing an AI-powered layer, is among those attracting huge attention. The AltSignals presale is in progress, with the second stage nearly 70% sold out.Fed pause could see crypto prices react higher<a href="https://coinjournal.net/bitcoin/">Bitcoin price</a> currently hovers near $29,000 after investors reacted positively to the US Federal Reserve’s signal that it could pause its interest rate hike trajectory. The Fed’s hint towards taking a more cautious approach came after it raised rates by another 25 basis points on Wednesday. The US central bank’s interest rate rose to the 5.00%-5.25% range after the latest hike. It comes amid fresh uncertainties amid bank failures, warnings about the US debt ceiling and the continuing issue of inflation. Fed Chair Jerome Powell hinted to this in his speech, with the next FOMC meeting now of key interest to investors. With an end to the rate hike cycle likely coming, it could be time for markets to find new momentum, which we highlight <a href="https://coinjournal.net/news/feds-decision-had-no-impact-on-the-crypto-market-yet/">here</a>.The scenario in the crypto sector will likely be where interest in established assets like Bitcoin, Ethereum, Litecoin and others, spills into projects in categories such as layer 2s, GameFi, play-to-earn and artificial intelligence.Why would now be a good time to buy AltSignals?Investors are likely to continue seeing Bitcoin as a safe haven asset amid ongoing bank failures and economic woes that impact traditional assets. Crypto as a whole is also proving quite attractive as a way for people to diversify their portfolios.If the expected Bitcoin bull cycle sets in, soaring market could catapult ASI token higher – a scenario seen with other projects that launched during the last bull market. As crypto edges closer to the historically bullish period marked by BTC halving, taking positions with ASI at current presale prices could prove a great investment.Even if crypto fails to take on a new bull run going into its 2024 halving, the utility that ASI offers and the growing adoption of AI-powered tools in the trading market could be enough to propel AltSignals higher when it launches.  But as always, it is advisable to remember that investing comes with risks, which is true of crypto, including presales of new tokens.What’s unique about AltSignals?AltSignals launched in 2017, offering a trading signals and market alerts for cryptocurrencies, stocks and forex. Now the platform has planned an upgrade to its trading algorithm, with artificial intelligence, machine learning and natural language processing.The upgrade is set to launch later this quarter via an AI layer dubbed ActualizeAI, and will see traders benefit from 24/7 trading signals with improved accuracy and risk management. The system will be powered by the ASI token, a native token that will offer holders access to all trading signals on the new AI-powered system.Unlike many new projects, AltSignals (ASI) is a project that already boasts a growing community and ready market for its product. Trade calls can be traded on major exchanges and brokers, including those for all the top cryptocurrencies and major forex pairs.Taking a working product and bumping its capacity with new advanced capabilities is a strategy that could…

AltSignals is a financial markets trading signals service provider and it is working on an AI-based algorithm.AltSignals is currently conducting the presale of its new AI-based native token ASI.The ASI presale is currently in the second phase.The hype around artificial intelligence (AI) technology has found its way into the crypto world and AI-based cryptocurrencies are seeing quite a boom buoyed by the AI hype.Most of the AI-based cryptocurrencies are relatively new and were launched after the launch of OpenAI’s AI-based chatbot ChatGPT. Over the last seven days, most of these tokens have seen a triple-figure price rise. Omax Coin (OMAX) has raised by 108%, Forta (FORT) by 106%, and ChainGPT (CGPT) by 59%, just to mention the top three AI-based crypto gainers over the last seven days.AltSignals’ AI-based project prospectsSince its launch in 2017, AltSignals has grown popular for providing quality trading signals to over 50,000 Telegram members. Its trading signal service has earned a 4.8 out of 5-star rating on Trustpilot.Currently, the AltSignals team wants is working on upgrading its signal-generating service after its early success. The team is seeking to integrate artificial intelligence, natural language processing, machine learning, and advanced sentiment analysis in signal generation.The new AI-powered trading platform, dubbed ActualizeAI, will be powered by the ASI cryptocurrency, which will be the unit of membership in ActualizeAI, with holders being able to vote on the governance of the platform.AltSignals is currently conducting the presale of the ASI token and it is now at the second stage of the presale which at press time was 65.08 % sold out. Interested crypto investors can participate in the presale here.Going by the success that ChatGPT has had since its launch towards the end of 2022, AltSignals’ ActualizeAI project could also receive a significant uptake. The quick sell-out of the first AltSignals’ presale stage, the BETA stage, is already a testament that investors have confidence in the ActualizeAI project.Should I buy the ASI token?Well, the cryptocurrency market is extremely volatile and it can be quite a risky investment. Nevertheless, people have taken advantage of the crypto price movements and earned a good amount of money.Although the ASI token is still new in the market, its price has been on the rise since the start of the presale. In the BETA stage, it was selling at $0.01200. It has increased by 25% to the current price of $0.015.According to the schedule provided by AltSignals on its official website, the ASI is expected to continue rising in the remaining presale stages. It is projected to sell at $0.02274 at the end of the presale.AtlSignals (ASI) price outlook after presale endsAltSignals has already earned itself a reputation within the trading signals service market, which is a good proponent for the ASI token. Investors at least know they are investing in a trusted company which has been in the market for the past five years.The price of ASI could skyrocket just like its AI-based cryptocurrency peers once ActualizeAI goes live and starts attracting active users. Also, the ASI token is scheduled for listing on Uniswap and several other centralized exchanges once the presale is concluded; something that could further add impetus to the price surge.The post AltSignals (ASI) price outlook as AI hype sends AI-based tokens through the roof appeared first on CoinJournal.

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Key takeawaysWOO is the best-performing cryptocurrency amongst the top 100 by market cap today.The rally comes as Woo Network listed new perpetual products and revamped its community ambassador programme.WOO could be eyeing the $0.3500 psychological level following its recent rally.WOO price stands at $0.2893, up by more than 12% todayWOO, the native token of the Woo Network, is the best performer amongst the top 100 cryptocurrencies by market cap today. The token is up by more than 12% in the last 24 hours.At press time, the price of WOO stands at $0.2883 and could rally higher in the near term.The rally comes as the WOO Network listed the SUI perpetual token with zero fees on its platform. This latest cryptocurrency news means that traders on WOO can start trading SUI futures.🌊 Ride the #SUInami on $SUI – PERP with ZERO fees. @SuiNetwork the latest L1 platform token built with Move, has arrived on WOO X. ▶️ Start trading at https://t.co/lM1upFinM5 pic.twitter.com/iD6VKdLIyC— WOO X (@_WOO_X) May 4, 2023In addition to that, the Woo Network recently revamped WOO Force, its community ambassador programme. The revamp is designed to extend the reach of WOO’s growth initiatives.May the force forever be with $WOO ⚛️🔥 Recognizing the surging social activity around the $WOO ecosystem, we've recently revamped WOO Force – our community ambassador programme. ▶️ Learn about these changes and join the force today:https://t.co/lXTgCTkHop pic.twitter.com/dNSRkI6YiG— WOO X (@_WOO_X) May 4, 2023These latest developments could be the major catalysts behind WOO’s ongoing rally.Could WOO reach the $0.3500 psychological level soon?WOO has been performing well in recent days and could be on its way to reaching new highs. At press time, WOO is trading above the $0.28 level.If the rally continues, WOO could reach the $0.3500 psychological level for the first time since April 19.The fundamental conditions of the broader cryptocurrency market could also help WOO rally toward that price. Despite its recent positive performance, WOO remains 88% down from the all-time high of $2.4807 it achieved in November 2021. The post WOO price surged by 12% today: can it hit $0.3500 soon? appeared first on CoinJournal.

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Key TakeawaysCoinbase stock is down 87% from its IPO price, the company now worth $11 billionRegulators are moving in on the industry in the US, creating an increasingly hostile environmentShare price reflects these developments, as well as plummeting volume in the crypto space, writes our Head of Research, Dan Ashmore <a href="https://coinjournal.net/exchanges/coinbase/">Coinbase</a> is at war. The exchange is the only publicly traded crypto platform in the US, an attribute that appeared a massive strength at the time of its IPO in April 2021. This was a time when Bitcoin was trading at $63,500, dinner tables were filled with questions such as “how high can it go?”, and everybody wanted a piece of the crypto pie.Things are a little different today. Coinbase’s status as a public company may be helping it with regard to transparency in an increasingly opaque crypto industry, but it is also presenting its troubles for everybody to see. The stock is down 87% from the price it floated at.   Coinbase faces a fight on multiple frontsI wrote a <a href="https://coinjournal.net/news/what-is-wrong-with-coinbase-ceo-selling-2-of-stake-a-deep-dive/">deep dive</a> on the prospects of the company last October, after it was revealed CEO Brian Armstrong had sold 2% of his stake. Seven months on, crypto prices have rebounded strongly but Coinbase’s future seems murkier than ever. The company faces challenges on multiple fronts. The first, obviously, is the state of the crypto industry. Prices, volumes and interest have evaporated at an alarming rate over the 18 months. The Federal Reserve’s transition to tight monetary policy in the face of rising inflation has sucked liquidity out of the economy and crushed assets residing on the far end of the risk spectrum. And make no mistake, crypto is most definitely <a href="https://coinjournal.net/news/bitcoin-still-trading-like-a-risk-asset-despite-claims-of-decoupling-amid-banking-crisis/">out there on the risk curve</a>. Bitcoin has careened down as low as $15,500 this cycle, a drawdown of 77% from its peak. It currently trades at $29,000 following a bumper first quarter of the year, but the issues with Coinbase go beyond merely crypto prices. The industry has been under siege from regulators this year, with the SEC in particular clamping down on a space that conceived multiple scandals last year – most notably the spectacular collapse of not-so-stable stablecoin UST and <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">crypto exchange FTX</a>. Coinbase is bracing itself for action after it received a Wells notice earlier this year. A Wells notice is a formal warning from the SEC that evidence of proof of lawbreaking has been found, and legal action will likely be recommended. The SEC claims Coinbase’s staking service, Prime and Wallet products, as well as its general listing process, may all be in violation of federal securities law.The exchange is fighting. It has accused the SEC of levelling legal accusations “on the fly” and contended that legal action against Coinbase would pose “major programmatic risks” and would “fail on the merits”. The exchange has repeatedly criticised the lack of regulatory clarity for crypto. SEC chair Gary Gensler has contended that “Crypto markets suffer from a lack of regulatory compliance. It’s not a lack of regulatory clarity”. But like it or loathe it, the SEC is calling the shots, and this is all very bad news for Coinbase. The fear is very real that the US environment is simply becoming too hostile for crypto. Coinbase knows this, even if it disagrees with why it is happening. This week, it announced the launch of the Coinbase International Exchange (CIE), an institutional platform for international derivatives trading. But the fear can really be seen in the share price. While we mentioned the fact the crypto industry has been ravaged, Coinbase has underperformed even Bitcoin significantly over the last year. Perhaps the two best benchmarks for Coinbase’s performance are Bitcoin and…