The cryptocurrency market is bursting with opportunity, with five cryptocurrencies showing excellent growth paths for 2024. According to analysts, ThorChain’s RUNE, Arbitrum’s ARB, Injective Protocol’s INJ, Render Network’s RNDR, and Pendle’s PENDLE are all expected to achieve significant gains. 

ThorChain (RUNE)

ThorChain’s RUNE emerges as a frontrunner at the top of the list, with a market capitalization of $1.72 billion. Furthermore, a strong community and solid DeFi use cases have aided the growth of its decentralized exchange (DEX) platform, which provides cross-chain liquidity. With a current price of $5.09 and a fully diluted valuation (FDV) of $2.45 billion, RUNE is poised for significant growth despite fears that its recent jump may limit its upside potential. RUNE’s 

RUNE/USD 1-year price chart

Arbitrum (ARB)

Arbitrum’s $ARB distinguishes itself with its Layer 2 scaling solution, which is critical for Ethereum’s developing ecosystem. With a market capitalization of $2.497 billion and an
Fully Diluted Valuation (FDV)  of $19.615 billion, priced at $1.96, ARB shows potential for addressing scaling challenges. Furthermore, its substantial Total Value Locked (TVL) and the anticipated unlock event in 90 days add to its potential, while investors are concerned about the scale of this unlock.

ARB/USD 1-year price chart

Injective Protocol (INJ)

With its INJ token, Injective Protocol makes a convincing argument in the decentralized trading market. A large and fast-increasing ecosystem supports the $3.059 billion market capitalization, $3.46 billion Fully Diluted Valuation (FDV) , and $34.63 price tag. Significantly, INJ has a benefit in that it has an 85% circulating supply of its maximal token amount, allowing for cheap and rapid transactions supported by powerful backers.  

INJ/USD 1-year price chart

Render Network (RNDR)

Render Network’s RNDR token, which is presently trading at $4.53, has a market valuation of $1.751 billion and a Fully Diluted Valuation (FDV) of $2.25 billion. The unique role of RNDR in GPU rendering for animation and VFX places it in a strong market position. With the majority of its supply in circulation, RNDR is positioned for long-term growth on the strength of its specific market niche. 

RNDR/USD 1-year price chart

Pendle (PENDLE)

Finally, with a market capitalization of $764 million and a Fully Diluted Valuation (FDV) of $283 million, Pendle is a significant spot for yield and principal trading. Despite a pessimistic trend and a price of $3.21, it capitalizes on the rise of real-world assets (RWA) and has created a considerable presence on Ethereum and Arbitrum.

PENDLE/USD 1-year price chart

Furthermore, PENDLE’s growing Total Value Locked and integration with many projects strengthen its market position, indicating a rapid growth trajectory.

The post Top 5 Crypto Projects in 2024 with 50-100x Potential appeared first on coinpress.

The Cardano blockchain has taken its name from Gerolamo Cardano, an Italian polymath. The crypto currency has reached the top 5th position despite the fluctuating market. The blockchain is run by some brilliant minds that keep the open-source blockchain up to date with their extensive research. They publish peer-reviewed papers to share the growth with their avid followers.

The research mainly focuses on developing a decentralized, secure network by utilizing a systematic approach. The upkeep and secure system have brought many trading enthusiasts to inquire about Cardano price prediction. In this article, we are uncovering Cardano’s price prediction 2023- 2030. Let’s begin. 

Read latest Cardano News here. 

Is $1 a Possibility for Cardano?

At the time of writing, Cardano price is $0.249. The market cap is at $13,331,998,000. There are 34,884,154,992 circulating ADA coins and a maximum supply of 45,000,000,000 ADA coins. 

If we look at the year-to-date (YTD) chart, it reflects a rising channel pattern. When the rising channel pattern reaches a resistance trend line during an uptrend or when it is already in a downtrend, it suggests a potential selling opportunity. The entry (sell order) is entered if the price drops below the channel’s bottom edge or encounters resistance at the lower trend line. The best way to trade an ascending channel is to buy dips near the lower trend line for quick bounce plays or to wait for a downside breakout before short selling.

Here, there was a fake breakout at $0.3488 that was followed by immediate resistance. The chances of going to $0.5000 are relatively high. The coin is reflecting all the signs of the rally. However, the rally might get delayed due to market pressure. 

The year opened at $0.2498. Within 3 months, the price reached $0.4400. The improvement in Cardano’s price movement was remarkable. The price soon fell prey to heavy market pressure and touched $0.2968. The steady yet consistent improvement brought the price $0.4600. The price has plummeted again to $0.3785, but the chances of improving are good. 

Cardano price prediction 2023 

The ADA price may reach a maximum of $0.382 in November 2023, according to cryptocurrency analysts who have studied Cardano prices. However, it could decrease to $0.343. The predicted average for Cardano in November 2023 is close to $0.363. ROI potential: 6.1% through December 2023.

Cardano price prediction 2024

According to an analysis of Cardano prices from prior years, it is predicted that in 2024, the cryptocurrency will have a minimum price of about $0.68. The maximum anticipated price for ADA could be around $0.82. In 2024, the trading price may be $0.71 on average.

Cardano price prediction 2025

According to technical analysis performed on Cardano prices by cryptocurrency experts, the minimum and maximum prices for ADA in 2025 are predicted to be approximately $1.03 and $1.20, respectively. The typically expected trading expense is $1.06 USD.

Cardano price prediction 2026

The prices of Cardano and their fluctuations over the previous years have been analyzed by experts in the field of cryptocurrencies. The minimum ADA price is predicted to fall to $1.50 in 2026, and its maximum price to reach $1.76. The cost of trading will be approximately $1.54.

Cardano price prediction 2027

According to cryptocurrency experts’ analysis of Cardano’s costs, the maximum and minimum ADA prices for 2027 are projected to be $2.58 and $2.15, respectively. It will typically exchange hands for $2.22.

Cardano price prediction 2028

The fluctuations of Cardano are continuously being examined by crypto experts. According to their forecasts, the average ADA price will be close to $3.19. Even though it could fall to a minimum of $3.10, it could still increase to $3.69 by the end of 2028.

Cardano price prediction 2029

Experts in the field of cryptocurrencies create predictions for the price of Cardano every year. In 2029, the price of ADA will fluctuate between $4.47 and $5.49. It is anticipated that the annual average cost will be around $4.63.

Cardano price prediction 2030

Analysts of cryptocurrencies are prepared to publish their predictions for the price of Cardano. The maximum ADA price of $7.85 will be the benchmark for the year 2030. However, it might decrease to about $6.54. Therefore, $6.73 is the anticipated average trading price.

Year Wise Prediction for Cardano

Major Upcoming Developments for Cardano

Cardano’s creator, Charles Hoskinson, joined the ongoing debate over Bitcoin Ordinals, a relatively new addition to the Bitcoin blockchain. Hoskinson emphasized the Cardano network’s superior infrastructure and capabilities in expressing his opinion that it would make a better home for Bitcoin Ordinals. He also emphasized Cardano’s strong ecosystem as a strong selling point for hosting Bitcoin Ordinals. 

Hoskinson thinks that Cardano provides a more complete solution for meeting the increased data needs of Bitcoin Ordinals because of its cutting-edge technological framework and emphasis on scalability. 

Chatgpt Cardano price prediction

Predicting any cryptocurrency’s exact price movement is practically impossible for a chatbot. However, we tried asking ChatGPT where would Cardano stand in the coming years. According to ChatGPT, Cardano’s price movement would be better than any anticipations whatsoever. The coin is anticipated to reach $10 by 2030. The evaluation was entirely based on improving technology and the current adoption rate.

It also predicted that if the market took a bearish turn, then Cardano might be positioned between $2 and $5 by 2030. In any ways, investing in Cardano wouldn’t be a bad idea.

Conclusion 

Most cryptocurrencies, including Bitcoin, the reigning cryptocurrency, have not had a great year in 2022. The market experienced a lot of volatility, and investors dumped their tokens in favor of safer alternatives. Nevertheless, the year 2023 has been quite good for the cryptocurrency market compared to the depressing 2022.

Despite the negative market trends starting in January 2023, ADA has made an effort to recover, displaying a fairly bullish pattern supported by strong growth. The technical analysis suggests that holding the ADA token over the long term is a smart move.

The post Cardano Price Prediction 2023, 2025, 2030: Will Cardano Reach $1? appeared first on coinpress.

Ripple’s native token XRP is on the verge of turning its fortune owing to its developments in the case against SEC. Some analysts predict that XRP price’s subtle but subsequent surge is very close. As speculation has it, the recovery would be close to 50%, making the coin the largest gainer of the first quarter. However, the market capitalization of the cryptocurrency market would suffer a minor loss during the same period. 

Ripple vs. SEC has entered its third year. It all started with the SEC filing an opposition in court against Ripple. Later, Ripple filed the redacted reply. The case is now on the verge of finalization, which has led to multiple rumors about XRP’s price spike. Let’s understand more about XRP and what’s hidden in the future for traders. 

What is XRP?

The cryptocurrencies are of many types, algorithms, and various consensus mechanisms. Ripple is also decentralized, but less than what Bitcoin and Ethereum claim. 

In contrast to them, it works in tandem with the current banking system to make improvements rather than attempting to replace it. Nevertheless, because of its numerous unique characteristics and significant advancements, it is a cryptocurrency that might outlive others.

The XRP price is trying to consolidate since the heavy crash in 2021. The price dropped to $0.56 and then recovered by pulling the price up to $1.5. The coin is back at $0.5 again. 

XRP Price Analysis

The last week was quite dramatic for Ripple. The price touched a weekly high of $0.58 before slipping to the low of $0.47. The support formed at $0.46. The price remained sluggish around $0.53, then made a smaller correction and dropped to $0.50. The coin recovered slightly and began another sluggish term at $0.52. 

However, the resistance level at $0.57 may cause the price to return to the previous support level. Furthermore, the XRP price has not shown any pattern to point out, therefore, the next week is likely to showcase no such highs and lows. 

Here’s what one of the top promoters of XRP, bitboy is predicting for XRP price moving ahead. He is predicting XRP price can rise as high as $12.

XRP Price Prediction for 2023

The current price of XRP is $0.515707 USD, and its 24-hour trading volume is $1,555,586,379. XRP is up 0.25% in the last 24 hours. The market capitalization at this time is USD $26,635,949,369. There are 51,649,390,115 XRP coins in circulation, with a maximum supply of 100,000,000,000 coins.

According to the chart, after an unsatisfactory year in 2021, the coin showed improvement in 2022. Despite tremendous plunges and rallies, the coin kept recovering. It seems the traders still have faith in the coin and are optimistic about the recovery. Before closing in 2022, XRP price plummeted to $0.309. The price recovered in 2023 but fell again later. The price movement formed a double bottom on the chart. Two bottoms, two lows, that resemble the letter “W,” are present. Here, the W forms around $0.30. It is regarded as sufficient for the pattern’s validation. The “neckline,” or highest point of a rebound, is marked by a horizontal line and is currently located at or near $0.56. 

When there is a double bottom, which typically indicates a bullish reversal, investors have the opportunity to profit from a bullish rally. Following a double bottom, it is common to take long positions that will profit from rising security prices.

Moreover, RSI is supporting the double bottom pattern. All the indicators are pointing towards a bullish indication for the coin. Price ranges of $0.49 and $0.60 are anticipated for 2023, respectively.

XRP Price Prediction for 2024-2025

The minimum XRP price in 2024 is anticipated to be around $0.719928. The highest XRP price anticipated might be close to $0.889911. In general, the price of trading in 2024 may be $0.749925. The minimum and maximum prices of XRP are predicted to be around $1.04 and $1.25, respectively, in 2025. The typical anticipated trading expense is $1.07.

XRP Price Prediction for 2026-2027

It is predicted that the minimum XRP price in 2026 will be $1.49 and the maximum will be $1.79. The trading fee will be approximately $1.53 per transaction. Prices for XRP are projected to be $2.56 and $2.25 in 2027. It will typically trade for $2.33.

XRP Price Prediction for 2028-2030

The average XRP price is anticipated to be around $3.49. It might fall to $3.37 at the very least, but it might still rise to $3.91 by the end of 2028. XRP will be traded between $4.73 and $5.86 in 2029. Throughout the year, its average cost is anticipated to be around $4.87. The highest XRP price of $8.20 will determine the year 2030. However, it may decrease to about $7.24. Therefore, $7.43 is the anticipated average trading price.

The post XRP Price Prediction for 2023, 2025, 2027, 2030: Will XRP Price Break Past $10? appeared first on coinpress.

Apecoin Price Prediction 2023, 2025, 2027, 2030

APECOIN is an ERC-20 governance and utility token for the ApeCoin DAO and the APE ecosystem, empowering further decentralization and development of web3. The APECOIN token with ticker APE went parabolic on the launch date as its price jumped by about 420% on day one and continued its bullish trajectory to about 590% bringing massive gains to investors.

So, you’re probably wondering if you should be buying into the APECOIN token and if it’s a coin that could stand the test of time. In this post, we’ll guide you into the details of the APECOIN and why we believe you can profit a great deal by following our price projection for 2022 and up to 2027. Let’s begin with a short history of how it all started.

APECOIN History: The Inception story 

Yuga Labs became the leading NFT brand when they launched their Bored Ape and Mutant Ape NFT collections. To make their projects better, Apecoin was launched by Yuga Labs to power the overall functioning of their apps and services offered. Apecoin traded on the 17th of March, 2022 with 10000 and 2000 tokens that were firstly distributed to people who possess the Bored Ape and Mutant Ape NFT respectively. Over the years, Apecoin has received partnerships from popular brands such as Animoca Brands and nWayPlay.

APECOIN  Market Size, Idea Validation, and Future 

Apecoin is a utility token of the Bored Ape Yacht Club (BAYC) owned by Yuga Labs, currently valued at a market capitalization of about 2.5 Billion USD. Anyone with Apecoin has unlimited access to a community of Web3 builders known as the Apecoin Decentralized autonomous organization (DAO).The community managers make it possible for Apecoin holders to rule in the community, and in addition, they can purchase products and services, and pay for specific assets used in games like Benji Bananas by Animoca Brands. The project managers of the Apecoin token are known as the APE foundation.

We believe that theirs is still more to come for Web3/NFTs and APECOIN will play a big role in its development as well as adoption. 

APECOIN Price Fundamental Analysis 

As stated earlier, Apecoin was launched to power Yuga Labs projects. One billion Apecoin was available when it was created with 62% allotted to the Apecoin ecosystem fund, the Yuga Labs+Charity received 16%, 14% to launch contributors, and 8% to BAYC founders.

The BAYC founders are the four founders of Yuga Labs and BAYC with 8% of the tokens were allocated eighty million tokens with a 12 month lock-up period and 2.22 million tokens to be unlocked every month for thirty six months. According to data from the apecoin.com, the 14% which is equivalent to fourteen million tokens assigned to launch contributors had a varying lockup schedule that varies by contributor but fall into one of the following:

• 10,000,000 tokens upfront, 25,000,000 after 6 months, 25,000,000 after 12 months, and 25,000,000 after 18 months
• Initial lock-up for 12 months, then 757,575.76 unlocked per month for 33 months
•  Initial lock-up for 12 months, then 833,333.33 unlocked per month for 36 months

The 16% set aside for Yuga Labs is equivalent to a hundred and fifty million tokens had an initial lock-up of 12 months, then 4,166,666.67 unlocked per month for 36 months.

Another ten million tokens or the equal value were donated to the Jane Goodall Legacy Foundation with an initial lock-up of 12 months, then 277,777.78 tokens unlocked per month for 36 months.The initial one hundred and fifty million (150,000,000 ) tokens of the allocated BAYC/MAYC was all unlocked for claim at launch, while 470,000,000 tokens to DAO treasury and resources, 117,500,000 unlocked at launch, then 7,343,750 unlocked per month for 48 months.

Apecoin Price Prediction 2022 :

The Apecoin price started with a blast, rising by roughly 588% from the 17 March ’22 opening price. Although the coin went through a three-week correction phase following the 21 March’22 close, it finally rose to its 25 April all-time of $27.8808.The recent price pull-back across the crypto market also dragged the APECOIN price to its lowest correction phase since it launched, and we expect the price to trade lower into the third quarter of 2022 if the APECOIN price closes bearish within the 09 May ’22 high-low range (11.6407 – 4.9999).

The relative strength index (RSI) hovers above level-25 at press time, indicating a bullish outlook for the APECOIN at press time.However, if the RSI dips below the level-25, we estimate the lowest price for the APECOIN in 2022 to be below the launch price, around $3.50, and the highest price projection at $10.516.

Apecoin Price Prediction 2023 

Higher readings of the relative strength index above level-75 are considered a bullish signal for the crypto market, and so, we’ll be looking out for that on the APECOINUSDT chart. We expect the current price correction phase of the APECOINUSDT to extend into the fourth quarter of 2022, after which a crypto spring (RSI exiting level-25) will bring the APECOIN out of the dip in 2023 before extending above level-75 for APECOIN bulls to scale into their long position. The APECOIN is projected to attain a maximum high of $21.00 and $ a minimum low of $5.00 in 2023.

APECOIN Prediction for the Next 5 Years 

APECOIN’s DAO is projected to have seen a surge in adoption and use-case by the end of 2027 with its market cap projected to have gone above the $10.0 Billion mark, way ahead of its current $7.66 Billion ATH.With that in mind, five years from now, the APECOIN price should trade at a maximum price of $58.3776 (Fib-level 1.618) and a minimum price of $32.93423 (Fib-level 1.272) following the high-low range of 14 March ’22.

coinpress Experts Analysis on the future coin of Web3

The major competitor that Apecoin token has in the NFT token market is Axie Infinity Price token (AXS). Although, they are both NFT tokens which are used for gaming by NFT holders in the Metaverse, they have some differences. 

Here are some of the differences between AXS and APECOIN : 

Axie infinity token was launched in 2018 while Apecoin was launched in 2022. Also, as stated earlier, Apecoin has a market capitalization of $2,510,360,96 while that of Axie is $1,312,207,864. 

In addition, Apecoin is known as the most valuable NFT gamecoin while Axie is still trying to recover from the $615 million worth of ETH theft. 

Apecoin Price Prediction 2023, 2025, 2027, 2030

Below are the Apecoin price prediction levels for for 2023, 2025, 2027 and 2030 : 

Market Predictions for the APECOIN Token 

To give you more insights into the future price directions and clarity on why we think APECOIN is worth adding to your crypto portfolio, we’ve decided to let you in on what other crypto experts think of APECOIN and their market predictions for 2022 to 2027.These analysts are very optimistic about the future price of APECOIN, read on.

DigitalCoinPrice APECOIN PRICE Prediction

Crypto analysts at DigitalCoinPrice (DCP) predict the ApeCoin price to cross the 11.59USD mark to trade at a minimum price of 10.91USD and a maximum price of 13.08USD by the end of the year.Furthermore, the DCP expects a crossing of 12.53 USD price level in 2023 with a minimum price of 12.23USD and a maximum price of 13.16USD.The market analysts went far into the future to 2030 when the price is projected to reach the 39.87USD mark, valuing the APECOIN at the highest price of 43.00USD.

Wallet Investor APECOIN PRICE Predictions

By applying technical analysis to a broad range of digital assets like APECOIN, our friends at WalletInvestor (WI) foresee a positive outlook for the APECOIN, predicting a 994.75% price increase in the next five years. According to WI, a hundred USD investment in APECOIN at an asking price of $9.113 would amount to $1094.75 by the end of 2027.

CoinArbitrageBot Experts APECOIN PRICE Prediction

Coinarbitragbot’s analysts predict that the APECOIN could reach the $11.7192 price level by the end of 2022, and attain its highest level in 2025 at $75.4629 after breaching the $54.6041 level. APECOIN’s five years minimum price is predicted to not go lower than the $4.90254 mark.

FAQ

Q: What is Apecoin Price Today? 

APECOIN token trades at $8.567 at press time.

Q: Will Apecoin increase in price? 

Yes, APECOIN will increase in price. The APECOIN token is predicted to see a price surge up to $26.65 in a year, a confirmation that it’s a great investment for you.

Q: What will Apecoin be worth in the next 5 years? 

APECOIN is predicted to be worth $58.37 in 2027.

The post Apecoin Price Prediction 2023 – 2030: The future of Web3 and NFTs?  appeared first on coinpress.

Bitcoin price prediction 2023: The Bitcoin technical chart shows growth in underlying bullish momentum as prices are obtaining suitable support above $16350. Moreover, the coin price uses this level as the base support for forming a double bottom pattern. A possible breakout from the patterns resistance trendline will provide a long entry opportunity for traders.

Key points

• Double bottom pattern breakout may encourage BTC price for an 8.17% jump
• A bearish reversal from $17000 will weaken the bullish momentum
• The intraday trading volume in Bitcoin is $22.3 Billion, indicating a 14.2% loss

Source-Tradingview

The Bitcoin price is currently stuck in a temporary range-bound movement and continues to wobble between two definite levels of  $17000-$16350. This consolidation phase has lasted for more than two weeks now and created a sense of uncertainty in the crypto market.

Furthermore, on December 30th, the coin price rebounded from the $16350 support and triggered a new bull cycle within the narrow range. As a result, the price has surged 2.35% from this support and currently exchanging hands at $16726.

Also read: Bear Or Bull Run? What To Expect From Crypto Market In 2023

Furthermore, the daily chart showcased this consolidation phase as a double-bottom pattern. In theory, this bullish reversal pattern showcases two bounces back from a horizontal level, indicating the price sustainability above support.

Thus, with sustained buying, the Bitcoin price will continue to rise and rechallenge the $17000 neckline resistance. A daily candle closing this barrier will release the trapped momentum and signal the end of ongoing consolidation. 

Therefore, a  post-breakout rally may rise to $17300, followed by $18375.

Conversely, if the buyers fail to surpass the $17000 barrier and revert back, the current consolidation phase will be prolonged for new trading days.

Technical Indicator

RSI: for the two rebounds mentioned above, the daily RSI slope has moved upward. Thus, This bullish divergence indicates the buying pressure is rising within the range, and a high probability lies for a bullish breakout from the $17000 barrier.

1 BTC to USD = $94604.005 0.04% (24h)

BTC

• btc
• eth
• xrp
• bnb
• sol
• ltc
• polygon
• cardano
• tron
• doge
• WETH
• LUNC
• XMR
• LIRA
• BITS
• IHINU
• SWEAT
• PI
• SATS
• ILV
• BDX
• MCOIN

USD

• USD
• INR
• JPY
• CNY
• GBP
• EUR

EMAs: the downsloping 20-day EMA is wavering near the local support of $16750, assisting sellers in stalling or undermining the possible bullish recovery. 

Bitcoin Price Intraday Levels

• Spot rate: $16718
• Trend: Bullish
• Volatility: High
• Resistance levels- $16750 and $17000
• Support levels- $16300 and $1500

The post Bitcoin Price Prediction 2023: This Bullish Pattern Bolsters BTC To Escape Dormant Market Condition appeared first on coinpress.

Many cryptocurrencies have helped many brave traders earn massively. One of such projects that touched unimaginable heights was Terra Luna. The coin was launched in 2020 and by April 2022, Terra touched its all time high of $119.

Terra Luna, often simply referred to as Terra, was founded in 2018 by Daniel Shin and Do Kwon. The founders shared a common vision – to create a decentralized stablecoin that could offer stability, scalability, and sustainability in the volatile world of cryptocurrencies.

Terra’s journey began with the launch of its native stablecoin, TerraSDR (SDR), pegged to the International Monetary Fund’s Special Drawing Rights. This was just the initial step in their grand plan to revolutionize the cryptocurrency ecosystem. With an unwavering commitment to innovation and user-centric design, Terra Luna set out to tackle some of the most pressing challenges in the industry.

It was around May 2022, when the coin was halted twice, leaving people questioning the authenticity of the blockchain. Terralabs another stable coin UST lost its dollar peg and LUNA slumps by more than 99%. The founder of the coin, Do Kwon knew it was high time for rebranding to revive traders trust. This gave birth to Terra Classic (LUNC).

Presently, the price of the coin is at $0.00006105 with a marketcap of $355,594,102. Its total supply is 6,835,086,193,674 LUNC out of which 5,814,688,652,478 LUNC are in circulation. The coin has significantly dropped from its all time high.

In this article, we will discuss the technical aspect of the coin as well as decipher its future for its avid traders.

LUNA 2.0 History: The Inception Story

Founded by Daniel Shin and Do Kwon in 2018, the Terra blockchain was born as the duo focused on stable prices and usability. They were positive that this approach would drive the rapid adoption of blockchain technology and cryptocurrencies.

Earlier in their careers, Daniel co-founded Ticket Monster and Kwon founded Anyfi, a startup that provided decentralized wireless mesh networking solutions after working as a software engineer at Apple and Microsoft. 

At inception, Terra’s blockchain protocol was designed to power price-stable global payments, using fiat-pegged stable coins. By combing the stability and wide adoption rate of fiat currencies and BTCs censorship resistance, the Terra blockchain offers affordable and high-speed settlements.

The Terra ecosystem suffered a liquidity attack that led to the de-pegging of the UST (stablecoin) from LUNA hence the birth of LUNA 2.0 and LUNA Classic (LUNAC) after the community-led proposal.

On May 27, 2022, the Terra community voted in support of Proposal 1623, hence the revival plan that hard-forked Terra into its new Terra blockchain (LUNA 2.0) leaving behind LUNA Classic (LUNAC) the older chain.

Technical Analysis of Terra 

The chart picked for technical analysis is Year To Date (YTD) set at 1 day interval. As you can see, the overall price seems to be dropping dramatically since the inception of 2023. On Jan 01, 2023, the price was at $0.0001451. From Jan to Feb first week, LUNC improved and touched $0.0002027. However, the price experienced a pullback the brought the coin to $0.00008437. 

The candlesticks are forming a descending channel pattern from January 2023 to August 2023. The pattern is considered a bearish pattern as the sellers are pushing the price of the coin gradually lower. 

This pattern can also be considered a period of consolidation after which the token can give a further breakout in a downward direction or a breakout in the upward direction.

The consolidation has already taken place and the price seems to be correcting itself. If viewed closely LUNC has dramatically improved its plunge. From August 15, 2023, to September 27, it has dealt between $0.00006300 and $0.00005451. The support created around $0.00005400 is not breached. 

LUNC can be seen improving henceforth. However, the coin can experience a marginal pullback due to the market pressure, but that wouldn’t last. 

What is Happening with Terra Classic?

The blockchain landscape has been forever changed by Terra Luna Classic, who has established themselves as an unstoppable force. It represents a ground-breaking method for using blockchain and stablecoins. 

The use of algorithmic stablecoins is one of Terra’s distinctive traits. By dynamically adjusting their supply in response to market demand, these digital currencies are intended to maintain their value. Terra uses a distinctive dual-token system that consists of Terra (LUNA) and Terra Stablecoins (UST). Due to its novel strategy, which guarantees price stability, Terra is a desirable option for both users and developers.

In order to secure its network and validate transactions, Terra uses a proof-of-stake (PoS) consensus mechanism. PoS increases the scalability and effectiveness of the Terra blockchain in addition to lowering the environmental impact associated with cryptocurrency mining.

Terra offers developers a strong ecosystem for creating decentralized applications and smart contracts. This has sparked the development of numerous cutting-edge projects throughout the Terra ecosystem, ranging from decentralized finance (DeFi) platforms to NFT marketplaces.

Use Cases of Terra Classic

• Consistent Remittances and Payments: Terra was created with ease of use and accessibility in mind, making them perfect for routine transactions. Users can take advantage of instant, inexpensive, cross-border payments without having to worry about the volatility that comes with conventional cryptocurrencies.
• Thriving DeFi Ecosystem: The DeFi ecosystem on Terra has experienced phenomenal growth, drawing both users and developers. It provides a wide range of opportunities, from lending and borrowing to yield farming, all with the added benefit of Terra’s stability.
• NFTs and Digital Collectibles: The Terra ecosystem encompasses more than just financial applications. Additionally, it has developed into a center for NFT artists, collectors, and creators. By ensuring the provenance and authenticity of digital collectibles, Terra’s blockchain promotes a thriving and safe market.
• Terra’s Impact on Financial Inclusion: The Terra Luna Classic project has a significant impact on financial inclusion and goes beyond simple technological advancements. Terra has the potential to empower people and communities in areas with little access to conventional banking services by offering a reliable, blockchain-based financial infrastructure. 

Conclusion

There are no signs of Terra Luna Classic slowing down as it develops. The roadmap for the project outlines aspirational goals for increased scalability, continued support for DApp and DeFi project development, and deeper integration with conventional financial systems. The innovative and reliable Terra Luna Classic cryptocurrency stands out in the vibrant world of blockchain and cryptocurrencies. Terra has established itself as a major player in the field of digital finance thanks to its algorithmic stablecoins, PoS consensus, and thriving ecosystem. Terra Luna Classic is still at the forefront of the cryptocurrency market, providing a look into how blockchain technology will develop in the future.

FAQ

Q. Will Terra LUNA 2.0 crash?

A. According to our analysis and the analysis of other top crypto firms, we believe that the worst for the Terra ecosystem is behind us and the new LUNAC is here to stay.

Q. Which Exchanges Support LUNA?

A. You can buy the LUNA coin on the KUCOIN exchange or the Gate.io exchange.

Q. Is LUNA 2.0 a profitable coin to invest in?

A. Yes, LUNAC is a profitable crypto to invest in for the future. However, we’ll recommend that you only invest what you’re willing to lose. The token is still trading at a price discount and a little investment can be profitable in the long term.

Q: Is LUNA 2.0 good for short-term day trading?

Yes LUNA 2.0 is a great token for short-term day trading. However, day traders should be aware of huge market swings following the recent hard fork that left the old chain as LUNA Classic LUNAC.

The post Terra Classic (LUNC) Price Indicates Improvement In Q4 appeared first on coinpress.

The TRON ecosystem is built on one of the first generation blockchain networks that have seen major highs bringing steady incremental gains to crypto market investors and survived significant lows offering the TRX at a price discount. 

Recent price decline across the crypto market puts one question on the lips of TRON TRX holders and traders alike: “Is the TRON TRX still a viable altcoin worth adding to my crypto portfolio in 2022 ?”, “What are the likely price levels to start stacking up on the TRX token”. We’ll cover these and many more in this post starting with TRON’s inception story, coinpress, and other top crypto analyst Tron predictions for 2022 up to the next 5years.

TRON History: The Inception Story

After serving as Ripple’s representative in the Greater China area, Justin Sun moved on to found TRON, a multi-purpose smart contract platform that allows anyone to create and deploy dApps (Decentralized Applications). 

In a bid to solve the blockchain trilemma, TRON opted for a DPoS (Delegated Proof of Stake), thereby watering down true decentralization and censorship resistance for higher performance.

Market Size, Idea Validation, the future of TRON 

For its value proposition, TRON drives content creation via financial incentives, it delivers simplified distributed file sharing, decentralizing the gaming industry, while also making it possible for content creators to launch their tokens.

Currently valued at 7.74 Billion USD, TRON looks to disrupt the entertainment industry by taking out centralized platforms, such as music sites, streaming services, and App Stores. Content creators can have a direct connection with their audience by leveraging the TRON network, therefore making for more affordable content on the part of consumers.

TRON is a pacesetter in using blockchain technology to gain a head start in the digital entertainment, content sharing, and gaming industry, following a well set out road map for the future set in six stages, namely: Exodus, Odyssey, Great Voyage, Apollo, Star Trek, and Eternity.

Fundamental Analysis 

TRON TRX is designed as an inflationary type of token with a fixed issuance schedule. At inception, TRON had two funding rounds, which included a private token sale of 15.75 Billion TRX tokens and a public sale of 40.0 Billion TRX in an initial coin offering ICO.

According to Messari.io, the approximate daily inflation rate of TRX is 1.38 million TRX and the approximate yearly inflation rate is over 500 million TRX considering those block producers earn a reward of 32 TRX per block while nodes receive 16TRX. The network has a fee-burning mechanism for fees paid directly.

Initial Supply Breakdown

Initial Token Supply for TRON TRX  April 26, 2027

Tron Total Supply :  100,484,673,334,49

TRON Price Prediction 2022  

TRON TRX is one of the few altcoins that is currently withering through the recent storm that has erased significant gains from the total crypto market cap. Many investors saw an increase up to 1400% after their investment in the TRX coin on 01 April ’20 to its all-time high of $0.17989034 on April ’21.

Now, let’s take the annotated monthly chart snippet above for insights into the TRXUSDT price dynamics. Considering the 01 March and 01 September ’20 high-low range, the TRX price found resistance around the 1.618 Fibonacci projection ($0.16698045), marking the all-time high for the TRON-TRX coin.So far so good, the $0.049597 swing-high has flipped from resistance and now serves as crucial support that props up the price of the TRX coin, particularly on 01 Jun ’21 and 01 Jan ‘22.

Following the recent price dynamics, the TRX price currently struggles to close above the 1.272 Fibonacci projection level ($0.08462647). We expect the TRX price to set a minimum price of $0.03257405 by the end of 2022 and its highest price shy of the $0.1018580 mark if the current month closes below $0.08462647.

TRX Price Prediction 2023

The TRXUSDT is considered to be in a bullish trend as long as the relative strength Index (4) has not gone lower than the level-25. The further price decline of the TRX coin to the $0.03257405 mark will serve as a springboard for the TRXUSDT to bounce off from bringing it to a maximum price of $0.16698045 at the closing price of 2023.

TRON Price Prediction 2027

We expect to see a more mature TRON network where a large part of its roadmap would have been checked off in the next five years. By then, we predict a maximum TRX price to be at $1.19035538 and the minimum price at $0.35360713, both aligned with the 2.0% and 2.618% Fibonacci projection.

coinpress Experts Analysis 

TRON and STEEM are both similar in their product offering of being decentralized content sharing platforms. Being blockchain-based platforms, both TRON and STEEM networks make use of some form of delegated proof of stake DPoS to increase transaction throughput, while allowing content creators to receive TRX (TRON) and STEEM on the respective ecosystems.

The TRON ecosystem appears to be a leader in the race for a decentralized content sharing ecosystem, as the network also dips its toes in the digital gaming industry, a major focus in its road map at the STAR TREK milestone, for a decentralized gaming and forecasting platform.

STEEM on the other hand is mainly focused on building and maintaining an ecosystem around decentralized content creation and sharing, allocating 75% of new coins to content curators and authors, while 15% is allocated to users with STEEM power holdings and 10% is given to witness.

Market Predictions for the Token 

TRON is one of the early top-ranked crypto Altcoins in the crypto market, maintaining a position as a top twenty cryptocurrency by market cap. For that reason alone it has been on the radar and watch-list of well-known crypto analytics firms and platforms.Below, we present the views, market levels, and predictions of top crypto analytics firms so you can glean some insights into the future price direction of the TRX coin from now into five years, and guide you through your portfolio allocation.

DigitalCoinPrice Prediction

Our friends at DigitalCoinPrice (DCP), have their TRON (TRX) forecast as follows:

• TRX 2022 Price Prediction 

The DCP anticipates a price breach of 0.11 USD before the 2022 closing price, where the TRX price would have reached a minimum price of 0.0992USD and a maximum price of 0.11USD.

• TRX 2023 Price Prediction 

Analysts at DigitalCoinPrice forecast the TRX price to cross the 0.12USD by the end of the year reaching a maximum price of 0.14USD and a minimum price of 0.11USD.

• TRX 2027 Price Prediction

According to the analysis carried out for 2027, the DCP predicts a price close below the 0.21USD mark to a low price of 0.16USD and a maximum price of 0.22USD at the end of the last quarter of 2027.

Wallet Investor Predictions

Following the market forecasts of Wallet Investor with a highest TRX price at 0.121USD at the Q4 2022 close price, and a likely high price of 0.271 three years from now, they further predicted that a hundred USD investment in TRX would yield a revenue of about 73.01% adding up to a $173.01 by the end of 2027.

CoinArbitrageBot Experts Prediction

Analysts at CoinArbitrageBot project that the TRX price could close at $0.0958 at the end of Q4 2022. Their 2024 price prediction also puts the TRX at a closing price somewhere around $0.27587 and the 2025 closing price at $0.44636.

Longforecast Prediction

TRX price prediction by LongForecast (LF) analysts projects a maximum price of 0.065 USD, a minimum price of 0.057, and an average price of 0.062 by December 2022, a -4.7 percent change.However, their price prediction for 2023 starts with a positive +13.1% change in January with the month’s maximum price at $0.074 and a minimum price of $0.061.LongForecast has a farther June 2024 price prediction at a maximum price of $0.135 and a minimum price of $0.117, a positive percent change of about 4.1%.

FAQ

Q: Where Can I get the best ASK price for TRON TRX? 

TRONs TRX coin is trading on top crypto exchanges like Binance, Coinbase, KUCOIN, Poloniex, and BITTREX. You can set up an account on any of these platforms to start trading and investing in the TRX coin.

Q: How high can the TRX price go in the next 5yrs? 

Our analysis shows that the TRX coin can go as high as the $1.0 round number resistance in the next 5 years and even set a maximum price of $1.19.

Q: Which technical tools are best for gauging the trend and price targets of the TRX coin? 

From extensive research and experience in traditional and crypto markets, the relative strength index (RSI) is best for giving accurate crypto and Altcoins (TRX) price direction and trends. The Fibonacci retracement and projection levels on the other hand are best for setting price targets and correction/pullback limits, upon selecting a swing high to a swing low.

Q: Is TRON a profitable coin to invest in? 

TRON TRX has gained about 2283.0% from its lowest low on 01 March, ’20 to its 01 April, ’21 highest high, making it a viable crypto asset to invest in the long term.

The post TRON Price Prediction 2022-2027: How likely is a $1.0 price target? appeared first on coinpress.

The Theta Network is a major player in the decentralized video streaming service and NFTs with a wide addressable market. A lot of investors have amassed fortunes by jumping in early on the token as it rose by roughly 11000% from its launch price.So, if you missed out on the early launch of the Theta token and are uncertain about its future price, well, look no further as we dive dip into the features of the Theta token  price prediction for the Theta token for 2022 to 2027, following technical and fundamental analysis.

 Theta History: The Inception Story

Theta Network is a blockchain protocol that improves the creation, streaming, and how video contents are consumed. The project was started in 2018 by Mitch Liu and Jieyi Long. The Theta network has two tokens, namely, THETA and TFUEL. We’ll be looking into the THETA token in this article.

Users on the Theta network who act as peers, sharing excessive, redundant computing power and bandwidth resources are incentivized with the Theta token. The launch of the Theta token was first announced in November 2017 followed by the token sales in January 2018.

The Theta network launched three Mainnets at different times with incremental upgrades and functionalities, starting with Mainnet 1.0 launch in March 2019, Mainnet 2.0 launch in May 2020, and Mainnet 3.0 launch in July 2021. The main function of the Theta crypto-economics is to ensure the utility and security of the Theta network through adequate incentivizes to all Theta ecosystem stakeholders.

The partners of the project include Google, Samsung, Binance, Blockchain.com, and Gumi.

Market Size, Idea Validation, and the future of the Theta project 

Theta’s main business idea is to decentralize video streaming, making for a more effective and low-cost video streaming, data delivery, and edge computing, while maintaining a fair industry for participants.Theta’s product offerings include better quality streaming service, improved earnings for content creators, and Video platforms AKA middle men save money on building infrastructure thereby gaining higher revenue from advertisement and subscriptions.The Theta Network in June 2021 added NFTs to its product offering, which includes trading cards of media celebrities.

At press time Theta is valued at 1.3 Billion USD with a capped token supply of 1 Billion tokens at launch. The Theta token is deflationary as no new token will be created after launch.

To understand the size of the market that the Theta network is focused on, simply think of YouTube.com, Vimeo, Netflix, and other streaming platforms out there, it’s massive, which is why we believe the THETA token is an excellent investment that will offer massive gains in the future.

Fundamental Analysis 

Theta has a capped supply of 1 Billion tokens at launch. The Theta token is a deflationary one as no new token will be created after launch. At the Mainnet launch, every holder of the ERC20 Theta token was given an equivalent Theta token on the new blockchain on a ratio one to one (1:1) basis, with a fixed supply of the native Theta on the native blockchain, fixed at 1 billion tokens.

Three hundred million Theta tokens were sold in 2018 for $20 million, and the tokens were distributed as shown in the image above courtesy of Messari.io.25% Miner Reserve which equates to 250 million tokens, 30% Token Sale (300 million tokens), 15.0% Strategic Partners (150 million tokens), 7.5% Advisors & Employees (75 million tokens), Theta Reserve (225 million tokens), all add up to 1 Billion tokens.

Theta Price Prediction 2022 

Following the regular bullish divergence on 01 May ’20, the Theta token price surged by about 13000%, an astronomical feat for a project that launched in March 2019. Upon a breakdown of the upward hidden bullish divergence trend line, the Theta token confirmed a prolonged price slump on 01 December ’21. From its all-time high, the Theta price dipped by about 90% sending heightened fear into the market, as many suggest that it could suffer the same fate as LUNA.

Well, history has shown that more fear of the price of a robust crypto project with a practical use case like Theta signals discounted prices and the opportunity to mop up more Theta tokens.

The above monthly chart shows that the THETAUSDT could bounce off the $0.794, bringing the Theta price to $4.388.On the Contrary to a price bounce, the Theta price could slip below the $0.794 price to a minimum price of $0.192 as the RSI (4) already pierce below the level-25.

Theta Price Prediction 2023 

Upon finding support at its estimated lowest low of $0.192 in 2022, the Theta coin would exit the oversold area with the RSI crossing above the level-25 and advance towards level-75 next year. Higher RSI readings above level-75 signal an increase in demand for the Theta coin to a projected high of $15.88 in 2023.

Theta Price Prediction for the Next 5 Years 

Five years from now, the Theta use case as a video streaming platform would have been put to test and we believe that the project is here to stay, hence a profitable project that’s worthy of a long-term investment.Although we expect to see less dependence on BTC, the coming Bitcoin BTC halving would ignite a hike in demand for the Theta token, bringing the price to a maximum of $80 in 2027.

coinpress Experts Analysis

The most similar and biggest competitor to the Theta token is Livepeer (LPT) since it prides itself on being the first decentralized video stream network protocol launched in 2017. Although Livepeer is in a race to become a decentralized alternative and economically efficient alternative to centralized broadcasting solutions, Theta on the other hand has a wider product offering and user base as it offers services for platform owners, content providers, and streamers.

Livepeer will capture a portion of the decentralized video streaming service, but we believe that Theta will cover a wider market share and be the number one player in the sector.

The table below shows our price forecast for the Theta token from 2022 to 2027 :

Market Predictions for the Token 

To double-check our price predictions of the Theta tokens, we present below alternative price forecasts of the Theta token by other leading crypto analytics firms. Read on for added insights into the future price levels of the Theta token starting from 2022 to 2027.

DigitalCoinPrice Prediction

Analysts at DigitalCoinPrice (DCP) predict a downward crossing of the 1.78USD level to set a minimum low of 1.58USD and a maximum price of 1.92USD at the closing price of Q4 2022.

Upon crossing below the 2.27USD mark, the DCPs 2023 prediction sets the minimum price of the Theta token at 1.74 and a maximum price of 2.27USD in 2023. Lastly, the prediction platform estimates a maximum price of 3.46USD and a minimum price of 2.47USD after an earlier price cross of the 2.57USD mark.

WalletInvestor Predictions

Surprisingly, WalletInvestor holds a long-term bearish bias towards the Theta token as they express the likelihood of a devalued future investment in the token. The analytics firm anticipates a prolonged recovery time for the Theta token.

CoinArbitrageBot Experts Prediction

The crypto analytics platform, coinarbitragebot on the other hand, holds a positive outlook towards the Theta token as they forecast a price increase to $4.26812 by the end of 2022. Further predictions by the analytics firm reveal a possible maximum high of $24.985 in 2023 and $18.0789 at the end of 2025.

Longforecast Prediction

The LongForecast (LF) analysts predict a -7.1% price decline by the end of December 2022 with the maximum Theta price at $1.13 and minimum price at $0.98.Their May 2023 prediction sets the highest price for the Theta token at $1.03 and a minimum price of $0.89, a -3.0% price decline for the month.Lastly, the firm’s June 2024 price forecast projects the Theta price at a maximum price of $1.87 and a minimum price of $1.51. The Theta token is predicted to gain 15.99% in June 2024.

FAQ

Q: What is the current value of the Theta token?

As of the time of writing this, the value of the Theta token is $1.298.

Q: Will Theta reduce in value?

Theta bulls are already seeing a decline in their earlier gains, however, the general forecast by analysts reveals an increase in adoption rate when the price bottoms at the predicted levels.

Q: Can Theta token crash?

The analysis and market predictions above show that the Theta token is going through a correction phase like the general crypto market.

With that being said, we believe that the Theta token and Theta Network are here to stay and we have no evidence of a crash in the future.

The post Theta Price Prediction 2022 : Analysts Insights into the crucial Reversal levels appeared first on coinpress.

The Sandbox token known by the symbol $SAND is a virtual world utility token. It is used in the Sandbox virtual gaming platform. The virtual world is a platform where people can construct, possess, and make money from their gaming experiences using either NFTs (Non-Fungible Tokens) or $SAND. 

The virtual world by Sandbox consists of digital pieces of real estate where players can develop NFTs, and mint them to the marketplace to make money for themselves. 

You might be new to the Metaverse world and not be sure if SAND is a safe investment for you in 2022. Worry no more, this article is meant to tell you everything you need to know about Sandbox, why you should invest in it for the long-term, and building a bullish/long position into 2027 for the next impulse wave. 

Before we talk about them, let’s take a look at the history of Sandbox token before we get into SAND Price Prediction.

Sandbox History: The Inception story

The Sandbox project was launched in 2012 and was first used on mobile platforms. From 2012 till the present, the project has gotten over 40 million installs from people all around the world. In January 2018, the Sandbox developers devised another means by creating a gaming platform to captivate those who are interested in crypto gaming and those who aren’t. This was executed by offering incentives such as genuine ownership and monetary policies. 

Research shows that, over the years, the project has acquired $3.41M from investors such as Hashed, True Global Ventures, and Square Enix. The project developers have also partnered with over 60 brands such as Dapper labs, smurfs, dApp games, etc. All these are proof that the project is one with a great prospect.

 Market Size, Idea Validation, and the future of the Sandbox project 

There are different projects in the Cryptocurrency market, and most of them promise incredible benefits to investors and potential investors. However, the sandbox project managers need to analyze the market and identify a unique mechanism for the project. This will make the project’s market penetration easier and make it sustainable going forward. 

According to Coinmarketcap, the current market capitalization of Sandbox tokens is around $1,624,659,982.37 and the fully diluted market capitalization is $3,970,527,092.95 which is a proof that there are enough Sandbox tokens in circulation. 

Fundamental Analysis 

The Sandbox token was launched to allow players to play, create, own, and trade within the Sandbox Virtual gaming platform. At launch, the initial supply of the sandbox token was 560 million. 37.82% was given to the founders and project managers, while 21.18% was given to investors. The remaining 41% was burned to increase yield. The Token is used as a medium of exchange, governance, and staking on the sandbox platform.

SAND  Price Prediction 2022

A lot has happened since the SANDBOX token SAND increased by about 95000%, an astronomical feat that is unheard of in traditional markets. Starting from 01 August ’20, the SAND token of a Metaverse project SANDBOX grew went parabolic and closed with a bullish Marubozu candlestick pattern, followed by an immediate price correction.

The current correction phase which has so far dipped by roughly 87% is the longest seen by the SAN token and we believe that it would yield the highest profit as it rises from the ashes like a Phoenix. A regular bearish divergence alongside an inside-bar candlestick pattern at the close of November and December ’21 served as early warning signals for an end to the earlier impulse wave.

We predict a prolonged crypto winter into the end of 2022 would find support for the SANDUSDT at the 01 June ’21 support and resistance at 0.1466 and 0.3700. While an earlier price slowing could find support at 01 September ’21 support (0.5799) and 01 June ’21 support (0.1466) respectively.

We’ll follow an entry and exit of the RSI (4) level-25 to time the price bottoming on the monthly time frame towards the end or before 2022 as shown on the annotated chart above.

Sandbox Price Prediction 2023

In anticipation of a hidden bullish divergence, we also project a Wave-B pattern as part of the ABC correction of the Elliot wave pattern with a target at $4.8658 on the same monthly time frame and a minimum price level at $0.370.

SAND Prediction for the Next 5 Years

The Metaverse is a rapidly growing space with innovative solutions and we believe this sector of the digital asset market would have hit a remarkable milestone in 2027 with the SANDBOX as a major player in the space. With that said, we expect the correction wave ABC of the Elliot wave pattern to have completed in two years max and usher in the start of a new impulse wave into the end of 2027 where we predict a price rise to the $83.5972 (Fib-level 3.618) and $402.2869 (Fib-level 4.236) considering the 01 August ’20 high low price.

coinpress Experts Analysis  ON SAND 

The major competitor of $SAND is $MANA Decentraland. Although they are both metaverse projects with the former sitting in the second position and the latter in the first position as the best metaverse projects, they have some differences which include the following:

$SAND has 166,464 parcels of land while $MANA has 90,601 parcels of land. Also, Sandbox offers an easier choice for its users to purchase virtual land through the Sandbox marketplace and the OpenSea. On the other hand, Decentraland permits users to buy only from the MANA marketplace which sometimes causes issues for users when making transactions. 

In addition, when it comes to platform access, Sandbox is the best. The platform can be accessed from other social media platforms, email accounts, or Metamask wallets while Decentraland only uses a wallet connection.

Below are the projected price levels for the SAND token for 2022, 2023, and 2027.

Market Predictions for the Token

Holders of Metaverse tokens, including the SANDBOX token (SAND), recorded astronomical gains after the Facebook CEO announced the company’s new name on October 29, 2021. The SAND token increased by over 700% after the announcement, bringing its price to an all-time high of $8.4876 before the recent price correction we now see.

Let’s look into the price predictions for the SAND token by other market expert analytics web platforms.

DigitalCoinPrice Prediction

Analysts at DigitalCoinPrice predict the SAND token to breach the $2.86 price level at the close price of 2022 while maintaining a minimum price of $2.34 and a maximum price of $3.30. 

The DCP further predicts the SAND token to attain a minimum price reading of $2.34 and $3.30 in 2025.

WalletInvestor Predictions

Analysts at WalletInvestor are very optimistic with a positive bias towards the SAND token in the long term. According to the analysis, a $100 investment in SAND at $1.326 on 2022-05-16 would yield a profit of 1080.02% in 5 years.

According to the WI prediction platform, their AI cryptocurrency analyst forecasts a positive outlook towards the SANDBOX token SAND, hence you could include it in your portfolio.

CoinArbitrageBot Experts Prediction

The price prediction system at Coinarbitragebot forecast a $2.53117 closing price for the SANDBOX token at the end of 2022. Further three years price prediction for 2025 puts the SANDBOX at a maximum price for the SAND token at $14.8171, and the lowest SAND price at $0.30754, while an earlier 2024 price prediction sets the price of the SAND token to close at $6.62641.

Longforecast Prediction

Analysis by LongForecast (LF) suggests a minimum price value for the SAND token at $0.33 and a maximum price of $1.33 in May. For the 2023 market prediction, the LF platform maintains a slightly bullish bias towards the SAND token as they expect the price to find resistance at the $2.01 mark and a minimum price at $1.75.

The LF predictive platform projects a closing price of $1.84 at the end of MAY 2023, and June 2024 highest and lowest prices at $2.81 and $2.45, respectively.

FAQ

Q: What is the current value of Sandbox Token? 

At the time of writing, the Sandbox token is worth $1.3228. 

Q: Is It Secure And Profitable To Invest In Sandbox? 

Cryptocurrencies are generally volatile in both bull and bearish seasons. However, the current bear market offers the Sandbox token at a discount which would yield massive gains after the markets recovers.  

Q: Will Sandbox Crash? 

According to analysis and predictions from different sources, it is very unlikely to see the price of the SAND token go to zero. In other words, our analysis reveal that the Sandbox project cannot crash. 

Q: What is the most important chart pattern on the SANDUSDT?   

The SAND token is in a corrective ABC Elliot wave market structure and the impending impulse wave yet to form after the ABC correction wave is what we believe to be a significant chart formation to look out for.

The post Sandbox Price Prediction 2022 : Analysts Show Optimism Towards The Metaverse SAND Token appeared first on coinpress.

Ethereum Classic is the result of Ethereum’s hard fork that took place in 2016. The native token of the blockchain network is ETC. This makes Ethereum Classic have the same use cases as Ethereum, such as a smart contract platform and powering the network, among other things. In our Ethereum Classic’s price prediction, we will discuss the prospects of the coin and its behavior in the future. 

A lot of people disagree about how the Ethereum Classic came to be. The Ethereum DAO hack that happened in 2016 served as the inspiration for Ethereum’s hard fork. Due to this incident, DAO investors lost more than 11 million ETH ($50 million at the time). Once the stolen tokens were discovered, there was a heated argument about how to handle the fallout in the Ethereum community. 

The Ethereum network has gained more appreciation than Ethereum Classic. However, Ethereum Classic has had its own share of success too. Before Ethereum’s merger, Ethereum Classic had lower transaction fees. The coin suffered a massive attack in 2020. There was a recovery in 2021 which brought the coin back under the spotlight. Let’s understand more about the coin. Here is Ethereum Classic’s price prediction. 

Ethereum Classic (ETC): An overview 

Blockchain technology, or any technological advancement, takes years of strategizing, planning, and experimenting. Ethereum Classic is one such advancement that exceeded the expectations of Ethereum. Forked in 2016, ETC resolved all the problems of security and lowered the gas cost too. Above all, Ethereum Classic is known for its lightning-fast speed. 

Many factors are at play in Ethereum Classic’s success. There are also specialists involved in the price analysis of rates and the execution of transactions online. The coin is capable of constructing a functional dynamic of tangible income. After Bitcoin, Ethereum was something that garnered huge accolades owing to its cutting-edge technology. Ethereum Classic reaped the goodwill of Ethereum and gained a good reputation in the market. 

All cryptocurrency investors, who have found this platform to be incredibly interactive and simple, will be disappointed by the price of Ethereum prediction. It has been said that gold is a better investment than Ethereum Classic right now. Currently, the price of Ethereum Classic is around $20, and this page also includes price predictions that may be useful.

Ethereum Classic price prediction 2023

Due to the recent bullish trend, ETC has been experiencing, investors in Ethereum Classic have seen bearish momentum. We anticipate that the coin will experience a brief rally that will soon give way to a correction based on an analysis of the technical indicators for ETC.   

Here is the Ethereum Classic’s price prediction for 2023. These predictions are meant to give you a general idea of how much Ethereum Classic will cost in the next hour, today, tomorrow, over the course of the following week, and over the course of the following month.

As per the chart, the coin registered a high recovery in 2021. This helped in a complete recovery from the 2020 event that hampered ETC’s goodwill in the market. Despite performing heroically in 2021, the next year wasn’t that generous for the traders. In 2022, the coin slipped to $20. The entire year kept hovering around the same. The bearish season in the crypto market has changed many things in the past. However, the coming period for the coin seems promising. In 2023, the coin opened at around $15. The improvements since then have been registered. Today, the price is at $20, where SMA 200 and SMA 50 are about to collide. The RSI is also indicating a bearish divergence. If we closely look at the chart, there has been a falling wedge pattern since 2022. However, now the price seems to have broken the wedge and started a new trend. 

Ethereum Classic price prediction 2024

Our algorithm predicts that Ethereum Classic can reach a maximum price of $62.24 in 2024 while the average price for the year will remain at or near $55.57 as long as it keeps setting new highs. ETC’s lowest possible price in 2024, in the event of a bear market, is $48.90.

Ethereum Classic price prediction 2025

As cryptocurrencies gain popularity across a wide range of industries in 2025, we anticipate Ethereum Classic to experience impressive growth. The price could therefore increase to $84.47, averaging around $77.80. Ethereum Classic may trade for as low as $71.13.

Ethereum Classic price prediction 2026 

In 2026, Ethereum Classic may trade between $100.03 and $106.70 as a result of the market for cryptocurrencies’ capital continuing to expand. If a sell-off occurs, $93.36 would be the lowest price we would expect.

Ethereum Classic price prediction 2027

The adoption of ETC by nations around the world suggests that the price of Ethereum Classic could reach a maximum of $128.93 by 2027, with an average price of $122.26 anticipated. Additionally, the base cost for the same year could be $115.59.

Ethereum Classic price prediction 2028

Ethereum Classic adoption will increase in 2028 as regulators begin to acknowledge that cryptocurrencies are here to stay. By 2028, investors might expect ETC to trade at a maximum price of $151.16 and a minimum price of $137.82. It is anticipated that in 2028, the average price will be $144.49.

Ethereum Classic price prediction 2029

Due to the growth over the previous five years, 2029 will see another significant bull, which could cause Ethereum Classic investors to see ETC reach a maximum price of $173.39 before averaging out at $166.72. According to our technical analysis, the lowest price is $160.05.

Ethereum Classic price prediction 2030 

According to market sentiment, ETC is anticipated to keep rising towards $195.62 in 2030. If this support is not established, Ethereum Classic could average around $188.95 and bottom out at $182.28.

The post Ethereum Classic Price Prediction 2023, 2025, 2027, and 2030: Will ETC surpass $100 again? appeared first on coinpress.

Have you invested in Stellar Lumens and are currently suffering from a loss? If your answer is yes, you are among many who trusted the coin. Stellar lumens is currently experiencing the aftereffects of a price crash, similar to many other cryptocurrencies. The chances of improvement in the crypto market are suspected to take place in the second quarter of 2023, which has already started. So, are there any chances for traders to cut back their losses and make profits? In this article, we will be deciphering the price movement of Stellar. In our Stellar price prediction, you will find in-depth detail about the projects and their anticipated performance scope. So, let’s begin.

All about Stellar (XLM)

Stellar Network works on an open-source platform for digital asset payment and trading. Stellar was officially launched in 2015, enabling investors to create, trade, and do everything possible using fiat currencies and cryptocurrencies. The idea behind Stellar was to unite the financial system for trading and make it easier for cryptocurrency transactions.

Additionally, just like other currencies, Stellar (XLM) has its own proprietary digital currency, called “the Lumen,” which makes nearly all traditional forms of payment in this decentralized financial system more beneficial and uniformly available to everyone. The Stellar Development Foundation works to keep Stellar’s codebase up to date and supports the network’s working and business communities, in addition to interacting with regulatory bodies and institutions.

Each new business and developer that joins the Stellar network or system increases the system’s overall power. Stellar is a decentralized system with no single point of authority. Despite being a public network, the ledgers on the system are automatically verified and updated every five seconds, which suggests that nobody can interrupt and change the numbers at will.

Stellar price prediction 2023

After a protracted bearish year, the cryptocurrency market is now beginning to recover. The currency recovery might continue the upward trend. The overall second quarter might remain sluggish, but the third quarter might bring a hefty improvement. The price of might rally, allowing traders to cut back on the losses they suffered since 2022.

The chart shows that the price collapse from 2021 persisted into 2022. In the first quarter of 2002, there was a slight improvement that was once again cut short by market pressure, resulting in a sizable loss. At the start of 2022, the coin was worth $0.2. The coin had reached $0.22 by the end of the first quarter before falling to $0.18. There was a heavy plunge in the second quarter, which remained sluggish till the end of 2022. Stellar opened 2023 at $0.0708. During the first quarter, channels are angled down, reflecting descending channels.

If you started out short at the top of the channel, move to the bottom of the channel to take profit. Additionally, to account for normal volatility, place a stop-loss order just slightly above the channel’s peak.

As per the RSI, SMA 14 overlapped by SMA 2. The trend did not deviate from the pattern but did show a slight recovery. There are currently few opportunities for a volatile change in the current pattern because the RSI lines are currently spaced widely apart.

Stellar Price Prediction 2024

Our technical analysis predicts that by the end of 2024, the Stellar Lumens coin will have reached its highest price level of $1.26. The minimum price of Stellar Lumens for 2024, however, could fall to $0.36 if the market weakens.

Stellar Price Prediction 2025

Stellar’s’ value might rise with increased adoption and investment. If current growth continues, the average price level of XLM by 2025 may be close to $2.96. The lowest price can drop as low as $1.32. However, XLM might surpass all of its prior highs if there is a bullish rally in 2025.

Stellar price prediction 2026

By the end of 2026, analysts forecast that the Stellar price will reach $0.286. On the upside, the predicted low for 2026 could be around $0.227, and the high could be around $0.346.

Stellar price prediction 2027

It is expected that by the end of 2027, the price of XLM will reach $0.371. On the upside, the low for 2027 could be around $0.294, and the high could be around $0.449 on average.

Stellar price prediction 2028

By the end of 2028, the XLM price is anticipated to reach $0.454. On the upside, 2028 may see a high around $0.549 and a low around $0.359, respectively.

Stellar price prediction 2029

By the end of 2029, analysts expect the XLM price to reach $0.604. On the upside, 2029’s predicted high could be around $0.730, while the low could be around $0.478.

Stellar price prediction 2030

According to our most recent XLM price projection, Stellar Lumens can reach a maximum price of $31.02 by 2030. Stellar costs could increase dramatically in 2030. Although the minimum price level for 2030 is $23.31 and the average price is $25.62.

FAQs 

Q: Should we expect a rise, range bound, or decline of XLM prices?

Expect an upward rise of the XLM token in the long term. However, the XLM token shows a bearish bias considering the midterm market structures.

Q: Is XLM a profitable asset for day trading?

Being profitable as a day trader has more to do with your trading edge for timing entry and exits; and your knowledge/ability to efficiently execute risk management techniques. Also, if you’re looking to take both long and short trades, then you’ll have to consider signing up for a crypto futures trading account.

Q: Where can I buy Stellar Lumens XLM?

You can buy the XLM token on popular crypto exchanges like Coinbase, Binance, Kucoin, Bybit, and OkEx etc.

The post Stellar Price Prediction 2023, 2025, 2027, and 2030: Will XLM Join The Upcoming Rally? appeared first on coinpress.

Hbar coin has garnered huge traction since its launch. It is now one of the most used altcoins in the world. As per the website of Hbar, Hedera Hashgraph decentralized application has cutting-edge technology and a promising public network. Hedera Hashgraph is currently dominating the entire dapps ecosystem. Our Hbar price prediction will help traders decode the future of the coin.

Since its inception, Hedera Hashgraph has had a large community. The network is owned and managed by many tech giants, such as Google, LG, and IBM, among others. The future of the coin holds high prospects seeing the companies supporting the coin. If you plan to hold any dApps project-based tokens for a considerable period of time, the Hbar Coin can boost your assets by a few more zeros.

In this article, we will learn more about Hbar’s potential. Our Hbar price prediction will help readers choose when to enter or exit, limiting their losses.

Hedera Hashgraph: An overview

Hbar blockchain holds higher potential than the currently available blockchain. Even though it works as a typical blockchain algorithm, it is still a distributed registry. The network will use a DAG (Directed Acyclic Graph), rather than entirely clear chain blocks. In addition to other cryptocurrencies, DAG is already the base for Byteball, Tangle, and IOTA. All of the benefits of the blockchain are promised by the hashgraph, but thanks to DAG, there are no disadvantages, such as slow transaction speeds.

A hashgraph consensus operates as described below in its most basic form:

• The Gossip protocol is used for data exchange between network users (nodes).
• Transaction information is sent to two random nodes, which transmit it, in turn, to two others.
• Nodes do not exchange all information or data about the network rather stick to only transaction data with each other.
• Everything moves much more quickly than it does in the blockchain because the information is stored in hashes rather than blocks.
• In order to allow you to follow the history of transactions, they are recorded in chronological order.

Hbar price prediction 2023

The price movements in Hbar have garnered huge traction over the years. The coin no doubt holds high potential and is speculated to explode in due time. That being said, what does it have planned for 2023. Let us find out.

According to the chart, the coin reflected a sluggish movement in the last quarter of 2022. The coin picked up and kept a steady rise until March 2023. After March, the price sank and touched $0.056. The price in April 2023, forms a double bottom pattern.

Even though the double-bottom low is still in place, price movement is likely to show a retracement upward and may portend the start of a new uptrend. A decline below the double-bottom lows in succeeding periods suggests that the downtrend is starting up again and that the bears are once again in control.

The price is expected to rise in the coming days. Overall, the coin will be sluggish in the second quarter but pick up in the third and fourth quarters. Hbar’s RSI lines are about to collide, which is again another significant indicator of a change in trend. The pattern is clearly suggesting a bullish divergence.

Hbar price prediction 2024

Our price analysis predicts that by the end of 2024, HBAR Coin will have reached its maximum price of $0.31. The value of Hedera could reach its most recent ATH this year if the market recovers. If everything goes according to plan, the average price of the Hbar coin in 2024 may be around $0.14. The Hedera Hashgraph might surpass its previous ATH in 2024. Hbar prices, like those of other cryptocurrencies, can fluctuate. The Hbar coin may drop to its lowest level of $0.081 if prices turn bearish once more at the month’s end.

Hbar price prediction 2025

For the Hedera Hashgraph and other cryptocurrencies, 2025 has the potential to be a fantastic year. The Hbar coin’s potential to reach the $1 threshold this year is very good. In 2025, the HBAR is projected to be worth a maximum of $0.78, according to our prediction platform. In contrast, if the market turns bearish, the minimum price can increase to $0.34. The Hbar coin, however, will be able to maintain its average price of $0.59 in 2025. The prices of the Hedera coin could rise significantly higher than our forecast for the Hbar coin price if there is a bull market rally in 2025.

Hbar price prediction 2026

The prices of Hedera and their fluctuations over the past few years. In 2026, it is anticipated that the HBAR prices will range from $0.39996 to $0.469953. The cost of trading will be roughly $0.409959.

Hbar price prediction 2027

Based on the analysis of the costs of Hedera by crypto experts, the following maximum and minimum HBAR prices are expected in 2027: $0.679932 and $0.549945. On average, it will be traded at $0.569943.

Hbar price prediction 2028

The fluctuations of Hedera are continuously being examined by crypto experts. According to their forecasts, the average HBAR price will be close to $0.829917. It might drop to $0.809919 as a minimum, but it might still rally to $0.959904 by the end of 2028.

Hbar price prediction 2029

It is anticipated that the price of HBAR will range from $1.19 to $1.40 in 2029. Throughout the year, its average cost is anticipated to be around $1.22.

Hbar price prediction 2030

The cryptocurrency market may experience some radical changes in the year 2030. Making a precise long-term price forecast, however, is difficult. However, due to long holding periods, if you invested in Hedera Coin at the beginning, you could see excellent returns in 2030. Hbar Coin’s top price potential by 2030 is $21.15. The Hedera coin is expected to cease operations in 2030, with an average price of $15.28. Additionally, the Hbar coin’s minimum price may increase to $11.92 if the market turns negative. In 2030, there is likely to be a bull market rally, and numerous cryptocurrency projects have the potential to make new records.

FAQs

Q: Can Hashgraph flip existing blockchain architecture?

A. Compared to existing blockchains like Bitcoin and Ethereum, the Hashgraph’s security and promises have not been put to the test though it shows great prospects, so only time will tell.

Q: Is HBAR worth trading for the long term?

A. Our experience in the blockchain gives us the confidence to trade the HBAR token as a long-term bullish holding on the spot crypto market.

The post Hedera Hashgraph (Hbar) Price Prediction 2023, 2025, 2027, 2030: What To Expect From Hedera Hashgraph? appeared first on coinpress.

Metaverse crypto projects have seen astronomical gains following the Facebook news, with MANA-Decentraland recording a 265% gain after last week’s closing price. MANA, AXS, and SAND are native tokens of top Metaverse crypto projects that saw a massive surge in prices after last week’s closing price.

Facebook CEO Mark Zuckerberg at his Connect 2021 keynote presentation confirmed the move to rebrand before transporting into a simulated virtual reality.

Bullish/Bearish Scenario

The MANAUSDT suggests strong bullish sentiment as the relative strength index shows higher values above level-25 on the weekly and daily time frames.

Let’s analyze the MANAUSDT price chart and see if the current price hike will persist.

MANA Price Analysis: Weekly Chart

Last week, the MANA token skyrocket by 265% from the open to the closing price after the RSI indicator failed to print lower values below level-25 and the bulls found their way above bearish divergence resistance on 23 Aug ’21.

The MANAUSDT is back in an uptrend as the RSI breaks above level-75 for a second time and traders now expect a price correction for a chance to scale into the uptrend.

Let’s look into the daily time frame for clues into entry levels.

MANA Price Analysis: Daily Chart

The daily time frame is equally in an uptrend as the RSI prints higher readings above level-75 without dropping below level-25.

Attempts from the bears in the form of regular and hidden bearish divergence failed to a breakout of resistance on 28 October ’21 for about a 400% increase.

With that said, the entry-level should be at the 4HR time frame where we expect the RSI to print lower figures below level-25.

MANA Price Analysis: 4 Hr Chart

Okay, now we can see that the 4HR time frame is our trade entry time frame for the MANA token, signaling the price bottoms with the RSI moving below level-25 on 24 Oct 12:00 and 27 Oct 20:00.

The next entry point into the uptrend will be flagged if we see RSI readings below level-25 on the 4HR time frame.

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On October 19, the first Bitcoin (BTC) exchange-traded fund (ETF) made its way to Wall Street, listing ProShares Bitcoin Strategy (BITO) which started trading on the New York Stock Exchange NYSE. The fund saw a little over $1 billion in trading volume at the end of its opening day, while Bitcoin price also rose to a new all-time high of $67,000.

Not too long after however, the spot gains reversed, and by Saturday Bitcoin price had returned to levels even below the $60,000 mark, thereby raising concerns about selloffs — those selloffs that almost routinely follow after a major crypto products launches on Wall Street.

What experts/analysts are saying with regards to Bitcoin Price correction

A renowned independent analyst, Nunya Bizniz took to Twitter in an effort to analyse the present situation based on past events. Recalling two of such major events as the launching of ProShares Bitcoin ETF: firstly, the listing of the first Bitcoin futures on the Chicago Mercantile Exchange (CME) and then the time when Coinbase’s stock (COIN), debuted on the Nasdaq stock exchange.

Each of those times, Bitcoin would rally towards a new all-time high, before plunging to untenable lows.

For instance, Bitcoin first rallied to its then all-time high of $20,000 on Dec. 18, 2017, when CME launched its Bitcoin Futures product. But the launch eventually culminated into Bitcoin plunging to around $3,200 some twelve months later.

In quite a similar fashion, COIN’s debut on Wall Street in April this year, also saw Bitcoin rallying to a new all-time high around $65,000 some ten days after. However, the rise was short lived yet again, bringing BTC to as low as $28,800.

Another analyst Lark Davis has also shared his thoughts, claiming he wouldn’t be surprised if the Bitcoin price crashes following the launch of ProShares ETF based on pervious events with CME.

Now despite all of the bearishness usually linked with high-profile Wall Street crypto listings, some analysts are still of high hopes that this time will be different. The likes of Todd Rosenbluth, head of ETF and mutual fund research at CFRA, and Noelle Acheson, head of market insights at crypto trading firm Genesis, believe that Bitcoin ETF’s impressive debut of this month would result in very little downside moves in the spot BTC market.

In all of this though, one thing remains certain. While some experts expect multiple-month slumps, others expect slumps that may not be for too long. So in any case, and from all indications, a slump in price is expected

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Ripple remarkably cleared the path to $1 after the nerve-shattering breakdown to $0.65. Moreover, the price lifted to $1.07 before losing momentum. On Wednesday, the primary battle was to keep XRP afloat at $1, although bulls lost the bid.

A correction came into the picture, forcing Ripple to explore the area under $1 again. The previous support at $0.9 played an essential role in preventing declines from extending further. Meanwhile, XRP trades at $0.95 amid, as bulls plan another takeover.

Ripple eyes another liftoff past $1

XRP bulls might have lost the fight above $1 but remain relentless in the mission to hit higher levels at $1.2 and $1.4. The technical picture currently sends mixed messages, especially with the Moving Average Convergence Divergence (MACD) stuck under in the negative region.

This technical indicator identifies positions to buy the dip and sell the top. For instance, a buy signal occurred following the bounce from last week’s support at $0.65. The call manifests by the MACD line (blue) crossing above the signal line.

Note that the trend would have tuned massively bullish if the indicator cracked into the positive region.

With the MACD line likelihood of sliding under the signal line, the bearish grip will become stronger.

XRP/USD four-hour chart

A break above $1, a resistance highlighted by the 50 Simple Moving Average (SMA), would call more buyers into the market. A surge in the tailwind force is bound to bolster Ripple past the critical $1.2 level and perhaps resume the uptrend heading to $1.4.

Ripple intraday levels

Spot rate: $0.95

Trend: Bearish biased

Volatility: Low

Support: $0.9, $0.8 and $0.65

Resistance: $the 50 SMA, $1.2 and $1.4

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Ethereum is back in red after a consistent rise toward $3,000. The breakout from last week’s key support at $1,750 failed to overcome seller congestion at $2,900. Note that the ongoing retreat is not unique to Ether but appears to be pulling the whole market down.

Bitcoin has been rejected at $40,000 and currently seeks support toward $36,000. The cross-border money transfer token has also lost the battle above $1 and moves toward $0.9.

Ethereum technicals could flip massively bearish

The gigantic altcoin trades at $2,660 at the time of writing. The correction from the failed attempt to clock $3,000 looks unstoppable at $2,600. However, the 50 Simple Moving Average (SMA) is in line to halt the potential losses eying $2,400 and $2,000, respectively.

It is worth keeping in mind the short-term technical outlook, which continues to weaken. For example, the Moving Average Convergence Divergence (MACD) has stalled at 90 and could soon assume a downward trajectory. Losses are likely to intensify if the MACD line (blue) flips below the signal line. The trend momentum indicator diving will accentuate the bearish outlook toward the mean line (0.00).

ETH/USD four-hour chart

The Relative Strength Index (RSI) on the four-hour chart has a vivid bearish impulse coming after an abandoned movement to the overbought region. As the RSI retraces to the midline, the bears’ grip tightens, making it difficult for bulls to fight for recovery. Hence, the least resistance path remains downward.

Looking at the other side of the fence

Support at $2,600 and the 50 SMA has the potential to hold Ether from stretching to lower levels. In other words, buyers can start focusing on recovery if these levels hold as strong anchors. On the upside, trading above $2,900 and $3,000 could be instrumental in pulling Ethereum toward $4,000.

Ethereum intraday levels

Spot rate: $2,660

Trend: Bearish

Volatility: High

Support: The 50 SMA and $2,400

Resistance: $2,900and $3,000

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Ethereum surprised many in the cryptocurrency market when it rallied above $4,000. It was song and dance for investors who have been patient with the pioneer smart contract token. An all-time high was formed at $4,216, allowing bulls to shift the focus to $5,000. However, the bullish momentum began fizzling out, leaving ETH with few options.

A correction ensued, forcing Ethereum to slide beneath $4,000. At the time of writing, the flagship cryptocurrency teeters at $3,790 amid an ongoing retreat. The reversal may continue in the near term based on the short-term technical levels.

Ethereum begins the hunt for higher support

The Moving Average Convergence Divergence (MACD) shines a light on the worsening technical picture. After rallying to 186, the indicator is dropping toward the mean line. Moreover, the MACD line (blue) has crossed under the signal line, insinuating that bears are in control and it was a possible time to sell the top.

ETH/USD four-hour chart

The Relative Strength Index (RSI) in the same four-hour chart also shows that Ethereum’s gravitational pull is more robust than the bullish advances at the time of writing. A continuous movement toward the oversold region would call more sellers into the market as investors rush to take profits.

The hunt for higher support is in full force, especially with the zone at $3,800 broken. The following tentative anchor area is highlighted at $3,500 by the 50 Simple Moving Average (SMA).

Ethereum intraday levels

Spot rate: $3,790

Trend: Bearish

Volatility: High

Support: $3,500 and $3,100

Resistance: $3,800 and $4,000

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Uniswap’s UNI token has been in a downfall ever since its launch. The token which created tremendous hype in the space still faces a number of hindrances to make new all-time highs. 

Contents

1. About Uniswap
2. Uniswap’s UNI Token Launch
3. UNI Price Comparison with other Governance Tokens
4. UNI Price History
5. UNI Price Prediction for 2020
6. UNI Price Prediction for 2021
7. UNI Price Prediction for 2022
8. Is UNI Token a Good Buy?
9. Frequently asked questions

About Uniswap 

Uniswap is a decentralized P2P exchange automated market maker (AMM). It is built as two smart contracts on Ethereum. 

Unlike centralized exchanges which require a buyer and seller order to create a viable market, Uniswap’s liquidity comes directly from liquidity providers (LPs). The separation of the traders and liquidity providers eliminates the roadblock to pumping a token. Anyone or  any project can list a token on Uniswap for trading in a permissionless. 

Cryptocurrency pairs on Uniswap are denominated in ETH; for instance, YFI-ETH, DAI-ETH. The liquidity pools for these pairs are built using similar pairs. 

Uniswap’s UNI Token Launch 

UNI token launch on Sept. 17 took not only the DeFi ecosystem but also the entire cryptocurrency space by a storm. Past users and liquidity providers on Uniswap woke up on Sept. 17 at least $1000 richer. 

The surprise launch of UNI for past users caused a lot of volatility in the price of the Uniswap’s governance token. 

Utility and incentive to hold governance tokens are what separates a good project from a bad one. Recently, numerous DeFi projects are popping up just like the ICO mania. These projects witness tremendous inflow of volume during the early promotional phases for liquidity mining. However, soon the farmers dump their tokens on the market because there is practically no incentive to hold these tokens. 

Governance tokens provide voting rights over the updates on the project. A successful project will attract more people trying to benefit from its governance than a project designed only for yield farming. 

UNI Price Comparison with other Governance Tokens 

A comparative study with other governance tokens is also not reliable because of the newly found yield farming craze which might grow or subside in the future. Moreover, while the general concept of yield farming requires staking of tokens or using a platform, their value is backed differently across each platform. 

Note that the decentralized applications (DApps) like MakerDAO, Compound or Aave aren’t new, but the boom in the governance tokens are. 

Let’s take the example of COMP tokens, these are governance tokens which are distributed to the lenders and borrowers on the platforms. The distribution rewards both lenders and borrowers divided 50-50 among them. 

ownership > governance

— Kyle Davies (@kyled116) September 24, 2020

Essentially, the governance tokens play no role in the functioning on the platform. The direct earnings from the platform are passed on to the liquidity providers and other participants on the network. The governance token rewards are additional rewards that sometimes come by burning a part of those earnings or could be completely separate from it. 

Lastly, the governance tokens themselves have grown astronomically in the last couple of months. The support and resistances are not established on long-term charts (weekly and monthly).

YFI, the governance token for yEarn Finance peaked with a 5500% rise since August. Others like Aave (LEND), SNX, MKR also rose ecstatically over the last few months. Hence, defining the DeFi boom. 

During such a bull market or price discovery phase, anything is possible because there is a high risk: reward ratio. 

UNI Price History 

The all-time high price of UNI token on Binance is $8.62 on Sept. 18. At launch, there was considerable volatility in the price of the token between $2.4-$3.6. On the 17th itself, the token jumped to a high of $5.93.

 In the first 20 days of launch, the token has been in the red of 13 of them. The support and resistance level of $3.63 has been critical for UNI. 

UNI Price Prediction for 2020

The short price history of UNI token and massive volatility in price makes it difficult to analyse the price trends. Moreover, the surprise launch of these tokens has taken cryptocurrency users by surprise. Hence, there is a lot of FOMO and FUD around the token currently. 

For anyone who has been long enough in crypto, the launch of a token usually leads to a downtrend as stakeholders and early investors find a way to exit their positions. 

UNI has been in a downtrend ever since launch. Uniswap’s UNI made a listing on top exchanges like Coinbase, Binance, and FTX within the first day of its launch. 

The 21-Day simple moving average is reliable support for the bulls. UNI token broke below this level after a fake breakout of October 1. The resistance to the price at $3.89 is paramount for the bear’s move to hold short positions at the time.  

Moreover, closing above the 50 SMA is particularly vital to the bullish case because it will add credence to the breakout. Traders must keep in mind potential resistance zones around $5. 

On the four-hour chart, the price is reaching the end of the descending triangle platter, which is further bearish. A descending triangle pattern is recognized through lower highs and horizontal support, forming a right-angled triangle. 

The support of the pattern is at $3.65 if the price confirms below this level, the target of a descending triangle points at $0.13. 

The general idea being that UNI token must define its support and resistances more clearly with time because currently there is a lot of uncertainty about it with extreme possibilities attainable. 

If the price breaks above the resistance from the descending, it could reach any targets up the current all-time high (ATH) at $8.65. 

UNI Price Prediction for 2021

It’s been only three weeks since the UNI token launch. Hence, estimating the price of the token one year in the future relies completely on fundamental value with certain probabilities. 

The possible scenarios in the future for Uniswap are:

1. Uniswap continues to keep up with the volume on centralized exchange and stands to as much as $500 million in a year. These earnings from fees will be earned by the liquidity providers and then governance of the exchange will be more valuable.
2. Expansion of DeFi space outside of Ethereum or general fading out of the exchange leads to loss of liquidity, and the governance token holds very little value in the future.
3. UNI token and the platform evolves over time into serving the market in a different way. Currently, the team is focused on building the Uniswap platforms and is doing it via grants and public goods.

Moreover, Uniswap also bears the technical risk that comes with any smart contract-based project, i.e. contracts can be exploited. 

Currently, the incentive for mining UNI tokens is acting in favour of increasing the liquidity. However, due to the high fees for Ethereum GAS, the cost of a swapping transaction is more than $3. This repels the low volume retail traders on the platform; hence, reducing the volume of transactions which is the medium for earning. 

UNI Price Prediction for 2022

The future of decentralized finance lies not only in the hands of developers and users but also regulators. The debate on the application of securities law has taken a new turn with DeFi governance tokens. 

Ethereum, the platform on which it is designed also plays a critical role in the future of the project. 

Ethereum gas prices fluctuate daily in line with demand. If many folks are trying to use Ethereum all at once, then gas prices will be higher. If activity is low, then gas prices will be lower. The implementation of layer-2 and ETH 2.0 is still away in the future, hence, until then, the hindrance to retail adoption is still there. UNI token could attract the users to the platform, but their success is intertwined which is causing confusion among traders. 

While the gains have been bountiful for some, there have been numerous instances of rug pulling an early sell-off as well. Hence, regulation might be necessary for the organic growth of the space as well. 

Also Read: Ripple (XRP) Price Prediction: x3 ($1.0) by the end of 2020?

Is UNI Token a Good Buy? 

Investing in UNI tokens currently is equivalent to investing in a start-up or a venture fund. While the prospects look bright, the probability of future success lies in the dark. To hedge risks from extreme price movements, diversification of the portfolio helps in increasing the probability of gains. Users must look to invest just not in one crypto; moreover, not just one DeFi project as well. The attention to space is merely 6 months old, there are a number of ways in which the ecosystem can evolve.

Being the leading DEX in the space, the governance tokens for the platform are bound to hold recognition and value in the market. However, the UNI token liquidity mining incentives will end on Nov. 17 where we can witness a halt in the sell-off. Until the supply seems to be outpacing demand.  

Moreover, the high inflation in the first four years along with limited use of governance token reduces its marketability in the initial period. Investors must perform due diligence of the regulatory outlook for the tokens as well. 

Can't comment much on near-term price… ????

…but I guess I'm just surprised that people are surprised by $UNI raging. ????

Most used app, fees greater than Bitcion, does volume bigger than many CEXes, and one of the best demos of Ethereum.

Learn to see & buy the real ones. ????

— DCinvestor.eth ⟠ aftab.eth (@iamDCinvestor) September 18, 2020

FAQs

Q1. What is the current price of Uniswap (UNI)?

XRP is currently trading at $3.20 on Binance.

Q2. Will UNI hit $10?

According to the above predictions with organic growth of Uniswap platform, UNI can hit $10 into the future. 

Q3. Where can I buy UNI Tokens?

You can purchase Ripple [XRP] on top cryptocurrency exchanges including Binance, Bitstamp, Okex, Poloniex and FTX.

You can also trade its derivatives on platforms like Binance, Okex ,and so on.

Q4. What is going to be Uniswaps’ UNI price tomorrow?

As far as technical levels concerned, UNI will trade between $3.4000 and $3.000.

Q5. Is UNI Token a great asset for investment?

The DeFi space along with its governance token is comparatively new to accurately make that kind of judgement. Nevertheless, according to current stats, if one wants to invest in DeFi tokens – UNI stands out as a viable option. 

Q6. Will Uniswap survive?

Uniswap is a decentralized platform for trading ERC-20 tokens. The survival of the platform faces no threat, nonetheless, it comes with technical and regulatory risks. 

A fault in the design of smart contracts can cause loss of funds on the platform. Moreover, regulators may announce restrictions for use in their country which will reduce its marketability. 

Q7. Will UNI reach $10?

At $10, the total market cap of UNI will be $10 billion dollars. While not impossible, the chances of it reaching $10 in the near future are bleak as even the top centralized exchange Binance BNB coin currently has a mcap of $4.2 billion.

Q8. What will be the value of Uniswap (UNI) in the next five years?

Uniswap is predicted to trade at $8.00 in the next five years.

Q9. Is UNI Token inclined to fall or rise in the next five years?

Uniswap is an innovative platform which could replace centralized trading platforms, including the launch of traditional securities on Ethereum. Hence, there is a good chance of its growth. However, the token distribution process might cause hindrance to the rise of the price. 

The post Uniswap [UNI] Price Prediction – Will It Again Reach ATH $8.65? appeared first on coinpress.

• EOS price prediction is positive both in the short-term and the long-term.
• EOS gradually becoming a leader in the decentralized applications industry.
• EOS has the potential to range between $10 and $14 by the end of 2019.
• Extrapolating 2019’s price prediction, we find that EOS could trade between $20 and $30 by December 2020.

Table of Contents:

1. Project Overview
2. Is EOS a Worthy Competitor to Ethereum?
3. Glancing Ahead
4. EOS Price Prediction 2019 – Publications and Expert Take
5. Verdict
6. For 2020
7. Next 5 Years
8. EOS Frequently Asked Questions (FAQs)

EOS teeters around $4.16 at the time of writing. It has corrected lower 3% in the last 24 hours. However, it has gained ground against Bitcoin to post a 1.20% loss. The price opened the day’s trading at $4.27. It soared to highs around $4.38 while on the downside it has touched a low at $4.2094. With a market capitalization of $3.9 billion EOS is ranked the eighth largest cryptocurrency on the market. In the last 24-hours, $1.6 billion exchanged hands according to the data on CoinMarketCap.

EOS has a total supply of 1,021,875,787 EOS tokens while 925,175,782 EOS are currently in circulation. EOS is heavily bought and sold on OKEx cryptocurrency exchange utilizing EOS/USDT trading pair. The exchange commanded 5.87% of the entire trading volume, precisely exchanging $98,248,834. It is trailed by BW.com where $70,125,810 was exchanged using EOS/USDT trading pair. DigiFinex comes in third, with the same trading pair at $68,052,962.

In other related news, MinerGate has grown its service scope and portfolio with the aim of becoming an EOS block producer. Moreover, Lumi wallet signed an agreement to have its users stake and vote within the EOS ecosystem.

Project Overview

EOSIO, one of the most ambitious cryptocurrency projects describes itself as the next-generation and open-source protocol. During its initial development stages, cryptocurrency enthusiast referred to it as the ‘Ethereum killer.’ However, we will confirm this claim as we go along in this discussion.

EOS was introduced to the market via an initial coin offering (ICO) in June 2017. The ICO took a year to complete becoming the longest in the market. According to the white paper, EOS intends to be a blockchain network that supports millions of transaction per second. At the same time, transacting at zero fees and leading the industry in terms of decentralized applications deployment.

Like Ethereum, EOS is a smart contract building platform specializing in blockchain-based systems that support the creation of commercial-scale dApps using the EOSIO protocol. EOSIO blockchain protocol is developed by Block.one, a global leader in high-performance blockchain software.

EOSIO was released on the market in June 2018. Nonetheless, development is still ongoing to ensure the network is optimized the ease of development of “enterprise-level blockchain solutions.” The website describes EOSIO as:

“A blockchain platform designed for the real world. Built for both public and private use cases, EOSIO is customizable to suit a wide range of business needs across industries with rich role-based security permissions, industry-leading speeds, and secure application processing.”

EOS network offers the cryptocurrency industry scalability and speed to achieve latency and throughput in transactions. Zero transaction fees make the network cost-effective through resource optimization. Because we are living in a modern world EOS is eco-friendly, sustainable and energy-efficient.

Is EOS A Worthy Competitor to Ethereum?

EOS is gradually rising to become the preferred platform for decentralized applications development in the industry. For instance, among the top 30 dApps, 13 of them are built on EOS. Ethereum’s ongoing upgrade appears to be pushing developers to other protocols like Tron (TRX) and EOS. Some of the largest and most interactive dApps on EOS protocol include EOS Knights, BetDice, ITAM Games, BigGame and Dragon Option among others.

In the latest blockchain rankings released by the Chinese government, EOS maintained the first spot. China’s Center for Information and Industry Development ranked 35 blockchain projects. Tron (TRX) came second on the list while Ethereum settled for the third position. EOS had the highest score at 148.5, Tron at 144.1 and Ethereum had 136.6.

Glancing Ahead

In regards to future developments, EOS plans the introduction of Asynchronous Byzantine fault-tolerant (abFT) by 2019. This will see the irreversibility of time improved by permitting BPs to communicate with each other directly. To stay in line with the white paper Block.one intends to build a Universal Resource Inheritance (URI). The URI will form the basis of the 4% inflation as stated in the white paper.

Moreover, Huobi one of the leading cryptocurrency exchanges is currently working on the release of a dedicated exchange to EOS. A collaboration between the EOS community and Huobi will birth Crypto Kylin Testnet; a platform for testing blockchain projects. Huobi is also working on a voting platform to ensure that the EOS community is aware of node elections.

EOS Price Prediction 2019 – Publications and Expert Take

Cryptocurrency performance in 2019 has been strikingly phenomenon. Following the lows reached in December 2019, the market got a mega boost in the first and second quarter of 2019. However, at the moment, volatility is extremely high making predictions a hard nut to crack. In this section, we will explore what other publications and personalities say regarding EOS prediction.

Have a look at: Ripple Forecast: Projected Analysis of 2019 & 2020

CoinSwitch

According to CoinSwitch, EOS is a great platform for developers to build commercial-based decentralized applications. The value of EOS depends greatly on its technology and what it will continue to offer to developers. CoinSwitch shows its optimism for EOS price saying:

“EOS can touch $15 by 2019. Business Insider predicts that EOS is going to evolve as the most formidable ICO in the Ethereum network. The EOS crowd sale and scalability makes it one of the five most significant tokens, as per the market capitalization.”

Digitalcoin

In its forecast for EOS price, Digital coin predicts that EOS will rise up to $7.68 by the end of 2019. The platform uses historical data to provide a month-over-month prediction for EOS as observed on the chart below. The highest price for EOS in December 2019 would be $8.05 compared to the current price of $4.16.

WalletInvestor

WalletInvestor is strongly bearish for EOS price prediction beginning 2019 and even five years to come. Prediction experts at WalletInvestor see EOS having a gradual but steady fall in price both for the short-term and long-term.

Changelly

The experts at Changelly believe that EOS trend will mostly follow the general market behavior. However, because of the coin’s unique features and advantages, it is likely that it will stand out among the rest. Changelly says EOS position in the decentralized applications industry will contribute to its growth as the industry grows. EOS has the potential of growing to $14 by the end of 2019, the price it exchanged hands at in February 2018. Changelly does not expect EOS to rise to $500 in 2020 but it is positive that there will be significant growth.

EOS Price Prediction [Updated]

EOS has been in a downtrend since mid-2018. The price broke below horizontal support with respect to BTC during the Bitcoin Halving pump. It has been in consolidation since then, whether bearish or bullish, it is uncertain. The levels of support and resistance are marked by the trendline. The support is somewhere around 0.00013-0.00015 BTC while the resistance is around 0.0003-0.00033 BTC. 

Moreover, this is hurting the sentiments of the investors, because other altcoins including Ethereum are taking bullish strides. This relative loss on assets with equitable risk prompts investors to move to other cryptocurrencies. 

However, EOS has had a tendency to delay its price action. In 2018, while most altcoins were in a bearish trend, it made new ATH around April. Although the trend from point onwards has been bearish.

You might also like: IOTA (MIOTA) Price Prediction: How High Can IOTA Go?

EOS Price Prediction 2020

The performance of EOS in 2020 is likely to be brighter than its picture in 2019. The entire cryptocurrency market is expected to perform much better in 2020. Therefore, extrapolating 2019’s price prediction, we find that EOS could trade between $20 and $30 by December 2020. However, some websites like Tradingbeasts.com place EOS price by the end of 2020 at $16. On the other hand, Theoofy.com predicts that EOS will trade at $22 in 2020. In another scenario, the publication says that EOS could stick between $7 and $9 in the same period.

Despite the varied predictions, the majority feel that EOS will at least grow in value. Therefore, we can say that EOS is a good investment both in the short-term and in the long-term.

EOS Price Prediction for 2020 [Updated]

The descending triangle on EOS has maintained the bearish outlook on the cryptocurrency since topping out in 2018. The possible trading options towards the end of the year will strongly depend on the resolution from the triangle.

By Q4 or massive volatility caused by Bitcoin, we can expect support and resistance sweep by the next 6-8 weeks. Whether or not a break-out occurs is still unclear, the inclination of which is bearish for now. The horizontal support is at $2.1 and the resistance, at the moment, is around the 50-period EMA (Exponential Moving Average) at $3.1. 

EOS Price Prediction in the Next 5 Years

As already discussed, EOS has immense potential for growth in both the short-term (end of 2019) and the long-term (towards 2025). CoinSwitch predicts that in the next five years, EOS will be valued at $106.77. This is an extremely bullish prediction but achievable while supported by dApps industry growth, general crypto market growth as well as EOS technology growth coupled with token adoption around the world. Another factor that is likely to contribute immensely to EOS growth is its ability to rise above Ethereum and Tron competition. This will accord its massive support from the development arena, further pushing it towards mass acceptance and adoption.

EOS Price Prediction [Updated]

EOS Price Prediction for 2021

The break-out from the triangle by the end of 2021 will determine the momentum in the cryptocurrency’s price in early 2021. The previous highs at $5.4, $8.6 and $23 will be the resistance levels for the bulls. A break-out below could target the support of the initial price discovery phase in 2018 around $0.5. 

EOS Price Prediction for 2022

The monthly chart on EOS reveals that $2.16 is critical support for the bulls. While the support from the bottom is still intact, a series of lower highs from the top is again a worrying signal for the investors.

Like most altcoins in the crypto market, the early rise in EOS was quick and astronomical resembling the ending phase of a Hyperwave. Hence, the resolution of the Hyperwave would suggest a retest of accumulation levels at $0.7. It requires a monthly close above $4.2 (a higher high on the monthly chart) to establish bullish outlooks. 

EOS Price Prediction for 2025

The five-year price prediction for EOS depends on a lot of factors. In 2019, after a considerable euphoric build up, Block.one announced the ‘Voice’ social media platform. On 4th July, this year, the team launched the decentralized social media platform. The price has seen a minor uptrend in July, but it could also be due to the positive momentum in altcoins.

Even in early 2019, EOS was the top-performing cryptocurrency with top rankings across many assessments by the Chinese Government and private organizations. However, numerous competitors are leading the market, as EOS continues to lose market share. Their bet on the social media platform does not seem to be playing out as intended. Moreover, they have invested a lot of time and money (about $150 million) on it.

The team is also pushing to implement enterprise blockchain solutions on EOSIO in Latin America. This could act as a catalyst for a bullish reversal. The time for which, however, seems to be running out. While cryptocurrencies are still in the early phase, EOS is lagging behind on network effect with the competitors.  

EOS Frequently Asked Questions (FAQs)

EOS News:

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EOS Latest Price Analysis

The post EOS Price Prediction 2020/2021/2025: The Ultimate Journey to $106 Takes Off appeared first on coinpress.

IOTA (MIOTA) Price Prediction

• IOTA is a viable digital asset for investment, especially for people passionate about technology.
• IOTA is predicted to trade between $0.8 and $1.00 by the end of 2019.
• IOTA is predicted to trade between $1.5 and $2.5 by the end of 2020 based on the below price predictions in the article.

Table of Contents:

1. Introduction to IOTA
2. Tangle Technology
3. The Internet of Things (IoT)
4. Partnerships
5. IOTA price prediction 2019/2020
6. IOTA price prediction in the next 5 years
7. Expert take on IOTA price prediction
8. IOTA (MIOTA) Technical Analysis
9. IOTA frequently asked questions (FAQs)

Introduction to IOTA

IOTA is among the top penny cryptocurrencies that have chosen to not only tackle the future but also excel in the presence. This project looks at trust value and ownership in a whole different way; we will get into the details in a bit.

1 ETH to USD = $3286.68 1.06% (24h)

ETH

• btc
• eth
• xrp
• bnb
• sol
• ltc
• polygon
• cardano
• tron
• doge
• WETH
• LUNC
• XMR
• LIRA
• BITS
• IHINU
• SWEAT
• PI
• SATS
• ILV
• BDX
• MCOIN

USD

• USD
• INR
• JPY
• CNY
• GBP
• EUR

IOTA is an open-source digital asset that is issued by a Non-profit Foundation currently located in Berlin, Germany. The network focuses on enabling machine to machine communication. Besides that, IOTA can be used in the day-to-day activities for buying goods and services as well as trading. It is essential to note that transactions on IOTA’s platform are fee-less and occur at almost instant speed providing a viable option to other established networks like Bitcoin and Ethereum. IOTA has also established itself in the area of micropayment (payments in low cent area) where Bitcoin and Ethereum cannot provide service.

Price Prediction for 2020

IOTA broke below support from the descending triangle with the COVID-19 crash. As it has managed to rise above it with market recovery, there are still significant resistance levels for the token.

The support and resistance from the parallel range between $0.20-$0.52 are critical for investors. The possible future price action around the range has been laid out in the chart below.

Looking at the accumulation channel on the BTC scale, we can expect the price to continue progression in correlation with Bitcoin. A break-out of the levels mentioned above could, however, lead to more defined trends in IOTA’s price.

Price Prediction for 2021

The volume indicators on a weekly scale are surging as the price is looking to move past the 50-period EMA (Exponential Moving Average). The CMF (Chaikin Money Flow) ratio is positive and the Klinger Oscillator is also breaking past the moving average in green.

Positive fundamental developments and deployment of applications will act as a positive catalyst for the continuation of the run. Nevertheless, during a crypto bull market announcements of development can be used as a ruse to attract buyer volume. 

Price Prediction for 2022

An altcoin must oscillate between bulls and bears around a pivotal point on the Bitcoin scale to establish a growth momentum. Currently, IOTA has failed to establish this pivotal point. A break out of the 10,000 sats level would be a favorable area for MIOTA to gain mainstream recognition within the crypto circles and in the innovation and FinTech industry in terms of price. 

The upper levels of bullish targets for IOTA are at $2.3 and $4.0 (the swing tops near around ATH). 

Price Prediction for 2025

The supply of IOTA is another reason for concern for the investors because of the higher dilution of shares. Nevertheless, all the pre-mine supply has been released in the market. Hence, unlike Ripple’s XRP, we can expect less fear of dumps by controlling interests. The supply of IOTA is more than 2.7 billion, which is less compared to ADA’s 26 billion and TRX’s 66 billion. Nevertheless, multiple times greater than ETH and Tezos. 

On one hand, the price of IOTA below $1 attracts more retail investors. However, due to the ample supply, the initial investors continue to create fears of a large sell-off.

 

Experts’ take on IOTA Price Prediction

Many people across the cryptocurrency industry say that IOTA is one of the most undervalued projects. Most of them base their argument on the robust technology powering the token. The one thing that keeps holding IOTA back is the lack of adoption.

John McAfee

According to the controversial John McAfee, IOTA will experience the slowest growth in the entire crypto market. MacAfee is not a fan of IOTA and predicts that it will grow at a rate of 10% per year.

Finder.com

Finder.com, a cryptocurrency prediction website, suggests that IOTA could ride on the unique IoT platform for its growth in the future. However, its success will depend on the platform’s ability to provide an alternative to blockchain for IoT.

“If IOTA can provide a successful alternative to the blockchain for IoT, there’s certainly a sizable market that could be tapped into.”

DecentralPos

According to DecentralPost, a crypto news website, “the IOTA forecast for 2019 can, therefore, be a target of 1.25 to 1.30 dollars. But there is no guarantee for this.”

CoinSwitch

According to CoinSwitch, the world’s largest cryptocurrency exchange aggregator which currently supports over 300 coins and 45,000+ trading pairs, IOTA has a high potential for growth in 2019. CoinSwtich also recommends IOTA for investment.

“IOTA holds a lot of potential for future returns and might reach around $4.20 by the end of 2019.  IOTA is one digital currency one should consider when looking for a digital currency with a promising future to invest in.”

Changelly

A non-custodial instant cryptocurrency exchange offering access to more than 140 digital assets. Changelly acts as an intermediary between cryptocurrency exchanges and users. It is also known for its expert predictions on cryptocurrency price performance in the official blog. As for IOTA, Changelly says that investors should not expect a sharp rise in value because the Internet of Things is still very early in the development stages and its impact on the price is long-term. On its verdict for IOTA (MIOTA) price prediction, Changelly states:

“Our IOTA (MIOTA) price prediction for 2019 is a price range in the range of $1-1.5, if the market continues its upward movement. By 2020, the cost may rise to a range of $4-10. However, serious growth should be expected in the next 5-10 years, when the Internet of Things will get adopted massively along with the development of the necessary assistive technologies, such as AI, Augmented Reality and 5G mobile networks.”

Tradingbeasts.com

A website dedicated to providing price predictions for digital assets. It updates the predictions frequently and provides a month-to-month prediction for each crypto covered using historical data with a combination of linear and polynomial regressions. As for December 2019:

“The IOTA price is forecasted to reach $0.38 by the beginning of December 2019. The expected maximum price is $0.55, minimum price $0.38. The IOTA price prediction for the end of the month is $0.44.”

Lastly, Cryptoinfobase in its latest forecast of IOTA (MIOTA) connects the growth of MIOTA to the advance in IoT:

“IOTA has the most profound technical and organizational base. Accordingly, the popularity of their token will grow. Reaching a price of $1 per coin is the goal of the end of the first half of 2019. Further surging is possible, but not on such a scale.”

IOTA (MIOTA) Technical Analysis

IOTA, like most of the cryptocurrencies in the market, significantly corrected upwards in April, May, and June. The price hit highs above $0.50 in June before retracement began. Initially, there was a consolidation between $0.38 and $0.42. However, increasing volatility and bearish pressure across the market has seen most cryptocurrencies, including IOTA dive massively below several key support levels at $0.38, $0.34, and $0.30.

A low has been formed at $0.2850 allowing for a correction that has reclaimed the support at $0.30. MIOTA/USD is currently trading at $0.3058 within a flag pattern whose breakout could lead to further growth. However, it is apparent that the momentum is diminishing to the upside with the likely movement in the short-term being sideways.

The Moving Average Convergence Divergence (MACD) is moving upwards from the lows it hit on July 15 around -0.01341. The increasing divergence to the north is a key indicator that the buyers have the upper hand and will remain in control in the coming sessions. While the Relative Strength Index (RSI) has recovered from the oversold (-22.61), it has not been able to breach its way into the overbought. Instead, it is horizontal around above 40 signaling sideways trading and pivotal movements around $0.30 level.

IOTA has a positive technical picture, although growth will not be rapid and ballistic. Investors can expect up and down movements; however, a higher low pattern is very likely.

Introductioni1Tangle Technologyi2Internet of Things (IoT)i3IOTA’s Partnershipsi4IOTA price Predictioni5IOTA Price Prediction 2019i6IOTA Price Prediction 2020i7Experts’ takei8IOTA (MIOTA) Technical Analysisi9FAQsi10Updatesi11

IOTA Token Adoption

IOTA continues to be attractive as a means of payment to existing and upcoming decentralized applications. In the latest push to have the token widely used by applications on a cross-platform scale, an IOTA developer implement a payment platform that can be used on any game or app. The new system can be utilized across platforms including iOS, Android, Windows, WebAbb, Xbox, and PlayStation 4.

IOTA Price Prediction Update: November 14,2019

MIOTA/USD Aligns Itself For The End Year Rally

IOTA has been narrowing down towards $0.20. However, the price action in the last few days seems to be getting ready for a remarkable show as the years nears the end. The consolidation between $0.2550 and $0.2600 yielded in a breakout testing $0.2700 supply zone.

Although IOTA has retraced to $0.2650 (current market), the price is still above the two-weeks descending trendline. The 100 Moving Average is in line to offer support at $0.26 while the 50 SMA on the 1-hour is holding ground at $0.2586.

IOTA has already started showing potential for an end-year rally. However, correction above $0.30 will market the beginning of the bullish phase. Meanwhile, staying above the $0.25 is just as important for the bulls in the short term. In the event, a reversal ensues, $0.2450 – $0.2500 will come in handy to put a stop to the losses.

IOTA Price Prediction Update: 26th November 2019

IOTA introduces itself as “a permissionless distributed ledger for a new economy.” The network has been developed to foster the future of the Internet of Things (IoT). It features feeless microtransactions as well as data integrity for machines. IOTA prides itself on being the missing link in what the blockchain technology promised to achieve:

“centralized networks allowing open innovation and peer-to-peer transactions without intermediaries or fees.”

Using Tangle technology, IOTA can rectify the inefficiencies of grappling blockchain technology.

IOTA is currently struggling to find a bottom after a continued downtrend from the at $0.55 posted in July. However, the formation of a double-bottom pattern hints a breakout before 2019 comes to an end. Moreover, the improving technical picture shows that IOTA is prime for recovery. The target on the upside before the year is $1.0, but I predict a more conservative end of year price of $0.55.

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The post IOTA (MIOTA) Price Prediction – How High Can IOTA Go? appeared first on coinpress.