Crypto Portal

2023-06-02 15:00:05 Take your Cryptocurrency analysis to the next level

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At the moment the terminal is absolutely free. Also the exchange is planning to launch a lot of trading contests and drawings. Open / Comment

2023-05-30 21:30:01 ApeCoin Price Prediction – A reversal on the cards?

ApeCoin [APE] holders surged by about 20% in Q2 of 2023, compared to Q3/Q4 of 2022. However, the renewed interest hasn’t impacted the token’s price performance in Q2. So, an ApeCoin price prediction is necessary.

A previous Messari report on ApeCoin’s Q1 2023 noted that the token could see improved traction if it gets more utility beyond its DAO.

The report bets wholesomely on Otherside, another ambitious Yuga Labs venture that promises to use APE in future projects.

But, how have long-term holders fared in Q1, and what should they expect in Q2? Let’s explore the daily charts for some answers.

APE Price Prediction: Q1 vs. Q2 2023
At the peak of the January 2023 rally, APE posted over 75% gains, rising from $3.6 to $6.4. The $6.4-level was also a price ceiling in September 2022, with APE seeing a price rejection at this level.

Based on overall Q1 2023 price performance, APE rallied by about 17%, closing at $4.18 on 31 March after reversing most of January’s gains in February/March.

Since mid-March, price action has traded within a range, oscillating between 3.7 and 4.5. This further constrained positive price gains.

APE dropped below the range in early May after BTC lost hold of the $29k-level and fell below $28k and 27k, only to settle at $26k before attempting a rebound. Open / Comment

2023-05-27 17:30:44 Free AI tools for content creation

Artificial intelligence [AI] is no longer futuristic technology. The creator economy is reshaping marketing and commercial strategies, with more and more creators turning to AI to create content across verticals.

The creator economy has risen even higher because of the rapid advancement of AI technology, which has expanded the industry’s potential and made it easier and economical for creators to make better content.

Let us look at five free AI tools you can leverage to create content easily, efficiently, and quickly:

Copywriting with Copy
Copy provides a variety of tools that are specifically developed to help with varied copywriting demands. These programs generate text using artificial intelligence and natural language processing (NLP) algorithms based on the input and instructions you provide.

Copy can help you generate ideas , write material, and fine-tune your copy to match your brand and target audience. While it’s important to note that the generated copy may require editing and customization to suit your specific requirements, it can be a valuable resource for copywriters and marketers looking to streamline their content creation process and generate high-quality copy.

Video making with Synthesia
Synthesia is an AI-powered video creation platform that allows you to create and edit videos using advanced technology. It specializes in generating realistic virtual presenters or avatars that can deliver content in different languages and styles.

Prepare a script or the text you want the virtual presenter or Avatar to deliver in the video. Write your content in a clear and concise manner, and the AI technology will generate the video with the chosen avatar delivering the content.

Synthesia also provides basic editing capabilities, allowing you to trim, cut, and rearrange the video clips. You can add visual elements, captions, and background music to further enhance your video’s impact. Open / Comment

2023-05-24 19:01:15 BTC traders, read this before you lose confidence!

Bitcoin’s [BTC] stagnating performance combined with the previous failed attempts to push beyond the $30,000 level. This performance has led to a drop in confidence but investors should consider one key factor that may favor the bulls in the long term.

A recent CryptoQuant analysis suggested that Bitcoin might be in the early stages of the next bull market. This was largely based on active addresses on a 30-day moving average. It took into account scenarios where the number of active addresses witnessed significant growth after a consolidation phase.

Bitcoin recently enjoyed a significant surge in active addresses as was previously the case in 2019. If the same trend ensues, then it means BTC has already commenced the next bullish phase.

Assessing Bitcoin’s long-term flows and profit taking
There were other observations in Bitcoin metrics that affirmed the long-term bullish expectations. For instance, Bitcoin’s exchange reserves have been on the decline and stood at their lowest historic levels. This reflected the demand that prevailed in the last few months.

Bitcoin has saw a resurgence in open interest in the last five months. This resurgence reflected the steady growth in the number of addresses holding between which currently stood at $1.13 billion. Another key metric to consider was realized profit which revealed the level of selling that takes place at any given point.

Bitcoin’s realized profit registered its latest large spike on May but since then cooled down a bit. An aggregate look over the last five months confirmed activity which reflected the selling pressure associated with short-term profit-taking.

Although the above analysis stood in favor of a strong bullish recovery, it didn’t necessarily mean that BTC was safe from short-term downside. The latter has been the case recently as the market cools down following its failure to sustain demand above $30,000. Open / Comment

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2023-05-21 22:40:02 I probed ChatGPT to know Ethereum Classic’s future price trajectory

If you are considering adding proof of work cryptos in your portfolio, chances are you have shortlisted Ethereum Classic (ETC). It is one of the few remaining options in the PoW category, but you may have also noticed that it has been overshadowed, particularly by its counterpart – Ethereum (ETH).

Ethereum Classic’s performance so far this year confirms that it can still attract investor attention. However, the network has been losing popularity from a long-term perspective. Speaking of popularity, artificial intelligence has really taken off this year, with ChatGPT leading this charge.

Assessing fundamental data using the ChatGPT
Perhaps we can leverage the power of AI to find out what the future has planned for ETC. I asked ChatGPT about Ethereum Classic and the interaction was rather interesting. The initial plan was to establish the depth of the AI before going deeper into the type of information that I wanted to pursue.

The AI seemed to have a good handle on things based on the information it provided. However, there have been incidents where it generated inaccurate information, hence the need to verify the information. Now that we had a good base, it was time to up the ante a bit. But first, those keeping a close eye on ETC may have noticed that its community has not been very active. Its development has also lagged behind that of Ethereum and other networks. Open / Comment

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2023-05-18 18:20:02 Will Lido benefit from the surge in ETH withdrawals? This data indicates…

Lido has been dominating the DeFi space in terms of the TVL on its protocol since the beginning of 2023. After the launch of the Shanghai upgrade on the network, the interest in Lido increased. This could help the protocol retain its dominance in the sector going forward.

According to Delphi Digital’s data, over $10 billion ETH was enabled to be withdrawn from the Lido protocol this week. This has occurred due to the recent launch of Lido v2 which allowed in-protocol withdrawals at a 1:1 ratio for all ETH stakers.

Heat rises as Lido meets Celsius’ demands
The reason for a large amount of ETH being withdrawn from the Lido protocol could be due to the behavior of whale addresses.

For instance, on 16 May, Celsius sent a request for withdrawing 428,000 stETH from its protocol. During that period, Celsius contributed 96.8% of the total withdrawal requests on the network.

Despite the large request made by the Celsius network, Lido was able to successfully process a large number of withdrawals on the protocol with the help of node operators.

At press time, Lido had a group of 30 node operators. They were vetted by the team and approved via a governance vote by LDO holders. The nodes are entrusted with the responsibility of acting as validators.

LDO starts seeing green
The faith in the liquid staking sector’s solvency rose after Lido processed a large number of withdrawals. Due to this, there was a spike in the price of the LDO token. The token saw a surge of 35% in its price due to these developments.

Large addresses contributed immensely to the spike in LDO’s price. Santiment’s data indicated that the number of top addresses holding LDO has increased in tandem with its price.

Coupled with that, the network growth for the LDO token has also been on the rise. The rising network growth suggested that new addresses were starting to show interest in the LDO token as well. Open / Comment

2023-05-15 19:30:00 ​Fetch AI Price Prediction: What’s the Q2 outlook after an impressive Q1?

Fetch AI [FET] enjoyed smooth tidings in Q1 of 2023. Running on a double boost, AI hype, and a bullish Bitcoin [BTC], the AI-focused token hit a new high of $0.61 in February, up from its $0.09 January low. Ergo, it’s worth looking at a Fetch AI Price Prediction.

The impressive start in 2023 didn’t stop on the price charts. On the development front, FET has covered over 40% of its roadmap objectives within early Q2 of 2023.

Read Fetch ai’s [FET] Price Prediction 2023-24

Recently, the network partnered with Bosch and formed Fetch.ai Foundation, whose core mandate is to unlock Web3 technology potential across various domains, including industrial and consumer sections.

From a price-performance angle, FET’s Q1 shine has been dulled in early Q2, unless Bitcoin [BTC] reclaims upper price ranges.

Cognisant of recent remarkable developments and partnerships, how have FET HODLers faired in Q1? What should they expect in Q2? Let’s explore the daily price chart for some answers.

Extended contraction in Q2, clears Q1 gains
The surge from $0.09 on 1 January to a new high on 8 February marked an over 500% rally to investors. Extrapolated to its Q1 performance, the overall rally comes down to over 300%, given the correction that followed from mid-February.

The correction followed BTC’s sharp drop to $20k mid-March before rebounding. BTC surged and made new monthly highs of $29k and 31K in March and April, respectively.

However, during BTC’s swing highs in March and April, FET faced price rejections just below $0.5 and $0.45. And, the value didn’t exceed February’s high of $0.06.

The AI hype could not cushion FET from BTC’s fluctuations from mid-April.

The market contraction has since extended to May, with the bearish crossover of 20-EMA ($0.2842) going below the 100-EMA ($0.3224), exposing FET to more downward pressure after 5 May.

At press time, FET had shed over 30% of its value between April and Mid-May, dropping from $0.3664 (session close on March 31) to $0.2414 (daily session close on 14 May).

How much are 1,10,100 FETs worth today?

However, the drop steadied slightly above the $0.2263-support level – A swing low in February 2022.

Notably, BTC reclaimed $27k at press time after dropping below the level on 12 May. The mild bullish sentiment propped up FET, giving bulls little hope of recovery.

Unfortunately, bulls will only gain the upper hand if FET close above the March swing low ($0.2978) and moving averages ($0.2842 & $0.3224).

At press time, FET bears still have leverage with the RSI in the oversold zone. Similarly, the CMF (Chaikin Money Flow) hovered near zero, showing limited capital inflows.

As such, bears could attempt to crack the $0.2263-support and retest the May/June 2021 low of $0.1732, especially if BTC drops below $27k.

Put differently, FET could retest its May/June 2021 lows if BTC sees more corrections in the coming days/weeks. Let’s look at buying and selling pressure across the two quarters to gauge the likelihood of such an occurrence.

Buy vs. sell pressure in Q1 and Q2
The number of FET’s supply on exchanges declined significantly after FET hit the new high of $0.06 in February. The metric dropped below its March lows at press time, showing limited short-term selling pressure.

However, weighted sentiment remained negative and trading volumes muted, apart from positive price swings in mid-February, March, and April. Open / Comment

2023-05-12 19:00:05 ​Polygon (MATIC) Price Prediction 2025-2030: Assessing what MATIC’s roadmap looks like

Polygon is a Layer-2 scaling solution aimed at bringing mass adoption to the Ethereum platform. It provides developers with the tools they need to create scalable decentralized applications (dApps) that are both secure and user-friendly. The Matic token (MATIC) is Polygon’s native token, and has several key uses within the ecosystem.

One of its primary functions is to power the protocol through a gas-based mechanism used to pay network fees. In addition to this, the MATIC token is also used for network governance, where users can vote on Polygon Improvement Proposals (PIPs), and for security through staking. The use of MATIC is essential to the Polygon network and provides users with a range of benefits.

Unlike other cryptocurrencies, the supply of MATIC is limited, adding to its scarcity and value. The Polygon team is working towards bringing more users and developers onto the network, and with its focus on performance, user experience, and security, it is well-positioned to play a major role in the growth of the Ethereum ecosystem.

The increase in MATIC’s price can be attributed to the growing popularity of the Ethereum network and the enthusiasm that companies have shown in implementing their Ethereum-based dApps using Polygon. This has made Polygon an attractive investment opportunity for those looking to invest in blockchain technology.

The unique features of Polygon have made it a go-to solution for dApp developers looking to scale their projects, and its growing popularity and adoption are likely to drive the value of MATIC higher in the coming years.

MATIC has seen a price appreciation of more than 42% since the beginning of 2023. However, on the back of the Silvergate crisis and the Biden administration taking many steps to regulate the crypto-sector, MATIC, like the rest of the market, fell down the charts.

A report published by Blockchain analytics firm Messari showed that the third quarter of 2022 saw a 180% increase in the number of MATIC’s active addresses Q0Q, with total transactions for the quarter coming in at 2 billion.

Additionally, Polygon’s partnership with Warren Buffet-backed Nubank, which was announced last week, is being seen as a positive development for the network.

Popular TV Network SHOWTIME recently announced a collaboration with Polygon and Spotify.

In other news, Polygon informed users that Ethereum’s Merge had dramatically reduced its carbon dioxide emissions.

Polygon Network reached a new milestone on 15 November after the number of unique addresses reached 191.2 million. Data from polygonscan shows that the daily transactions on the Polygon chain took a significant hit following the news of FTX’s bankruptcy. As of 15 November, the total transactions stood at 3.26 million.

Polygon announced a partnership with Nike earlier this week. This joint venture will see the sportswear apparel brand bild it’s web3 experiences exclusively on Polygon.

MATIC’s YTD chart may suggest a buy signal, given that the crypto is currently well above $1, compared to $2.58 towards the beginning of the year. While this may look like a ripe opportunity to beef up MATIC holdings at a discounted price, it is important to look at other factors while making an investment decision.

One possible reason for the decline in the daily volume of MATIC is the Ethereum Merge, which took place on 15 September. The crypto has taken a hit following the Merge event, with both market cap and daily volume on a downtrend.

Polygon recently published an analytical insight into its bridge flow between January and August 2022. A closer look at the numbers revealed that in these eight months, more than $11 billion entered the Polygon ecosystem from multiple chains. Ethereum and Fantom Opera contributed the most with an inflow of $8.2 billion and $1.06 billion, respectively, which also puts it at the top in terms of net volume. Open / Comment