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Most cryptocurrencies are in the green on Wednesday led by Bitcoin’s move above $30,000. The total market capitalization is up 1.6% in 24 hours to $1.3 trillion. Meanwhile, Bitcoin dominance drops to 45.9% after reaching a yearly high of 47.07% on April 11. This implies that investors are starting to pay attention to altcoins and top crypto gainers—in a move that could trigger the altseason.
Crypto Market Overview
According to Alternative, a web platform that tracks sentiment in the crypto market, investors are getting greedier with each passing day. At the moment, the crypto & greed index holds at 63, although it hit a yearly high of 69 on April 17.
It is worth mentioning that the crypto fear & greed index is a tool that measures the level of greed or fear among investors in the cryptocurrency market.
It analyzes factors such as volatility, trading volume, social media sentiment, and market dominance of Bitcoin to provide a score between 0 and 100.
A high score indicates a high level of greed, which could suggest an upcoming correction, while a low score could suggest fear and an opportunity for investors to buy.
With the index holding at 63, the fear of missing out (FOMO) could continue to drive prices higher in the coming weeks.
However, investors must be aware that the higher the index goes, the higher the chance of a reversal.
Having said that, the regulatory landscape especially in the United States is something investors must watch closely to avoid being caught pants down.
As the crypto market picks up the pace after Bitcoin price took a breather to confirm support at $29,500, investors may want to consider select top crypto gainers today to diversify their portfolios.
Tokens like ICP, THETA, MINA, and ARB lead other altcoins with their 24-hour gains and are worth paying attention to.
Investors may also pique interest in new crypto projects like Love Hate Inu (LHINU), DeeLance (DLANCE), and Ecoterra to take advantage of the discounted token prices in the presales.
Analysts at InsideBitcoins review the best crypto presales every week to bring to your attention innovative projects with a high risk-reward ratio.
Internet Computer Price Doubles Down on Bullish Sentiment
Internet Computer (ICP) price is up nearly 10% on the day and trading at $6.85 at the time of writing. The token’s trading volume almost doubled to $142 million and boasts a 55% spike in market cap to $3 billion.
Following an aggressive push to $8.28 in February 2023 high Internet Computer price slashed most of the accrued gains until it found support at $4.5.
ICP mainly consolidated the losses in March between support at $4.5 and resistance at $5.5 but started to move north in early April, as bulls pushed for a break out above the descending trend line, as observed on the daily timeframe chart.
Bulls further strengthened their grip on ICP with a move above all the moving averages, including the 50-day Exponential Moving Average (EMA) (in blue), the 100-day EMA (in blue), and the 200-day EMA (in purple).
Going forward, Internet Computer will be able to uphold the uptrend if it breaks and holds above $7. Demand for ICP will likely keep increasing based on the positive outlook from the Moving Average Convergence Divergence (MACD) indicator. After the $7 hurdle, Internet Computer is targeting $10.
Theta Network Price Prepares For 45% Move
Theta Network (THETA) is grinding toward a potential ascending triangle breakout likely to boost the ongoing uptrend to $1.88 from $1.2 – current market value. An ascending trendline on the daily chart continues to play a vital role in Theta’s bullish outlook.
However, the token’s reaction to the triangle’s x-axis resistance at $1.3 would determine the direction the price takes in the coming days.
If push comes to shove and bulls let go of that support, then the 200-day EMA (in purple) at $1.135 would come in handy.
Nonetheless, a bullish outcome is expected based on the buy signal from the MACD. It is worth noting that the signal manifested as the MACD line in blue crossed above the signal line in red.
The momentum indicator’s upward trending position above the mean line implies that buyers have the upper hand and can build enough momentum to confirm the ascending triangle breakout, with a 45% target to $1.88.
Theta Network (THETA), is a blockchain-based platform that aims to decentralize video streaming and delivery. It utilizes a peer-to-peer network to enable users to share video content and bandwidth resources.
The THETA token is used for governance and transactions on the platform. The project aims to improve the efficiency and quality of video streaming while reducing the costs and reliance on centralized infrastructure.
Love Hate Inu – 2023’s Ultimate Meme Coin Opportunity
Investors may want to consider one of the bestselling meme coin presales in the market, Love Hate Inu (LHINU).
Unlike Dogecoin and Shiba Inu, Love Hate Inu utilities are clear, it is a vote-to-earn blockchain protocol and the best thing about this dog-themed token is that it is not yet trading exchanges, giving you a rare opportunity to grab discounted tokens.
Analysts and crypto enthusiasts are confident that Love Hate Inu could become one of the hottest meme coins of 2023.
Love Hate Inu enables users to participate in discussions and cast their votes on various hotly debated global issues. Leveraging Love Hate Inu’s LHINU cryptocurrency, users can express their opinions on polarizing figures such as Elon Musk, Cristiano Ronaldo, Donald Trump, and Andrew Tate.
Excitingly, Love Hate Inu is currently hosting an off-chain, free-entry voting contest where participants have the chance to win $10,000 by voting on their opinion of Andrew Tate.
To enter, simply visit the Love Hate Inu homepage, navigate to the $10,000 contest header, and click on the “Vote Now to Win” button.
🚨🗳️💸Want to win $10,000?💸🗳️🚨
🐶🔥Vote in the 1st #LoveHateInu poll now, and you could be the lucky winner!🤑
❤️💔 Simply decide if you Love or Hate #AndrewAltTateInu, submit your email address, and you're in the running for the prize!🤑👀
Link in Bio…🔗#MemeCoins
— Love Hate Inu (@LoveHateInu) April 19, 2023
LHINU holders are required to stake their tokens to participate in polling activities on the platform. Furthermore, each time they take part in the voting, they receive financial rewards, making it a “vote-to-earn” ecosystem.
All the rewards are provided by the creators of each poll, and users can increase their voting power by staking more tokens and committing to longer vesting periods.
Initially, Love Hate Inu will manage the available polls on the platform, but they will transfer control to the community soon after its launch later this year.
A Vote Submission platform will enable users to propose poll ideas for the community’s consideration.
Quick summary of what #LoveHateInu is all about👇
1️⃣$LHINU is a #MemeCoin🤑
2️⃣It has public voting utility verified by blockchain technology🔒
3️⃣Participants can vote❤️💔
4️⃣Voting leads to minting new memes🎨
5️⃣Users are rewarded in $LHINU tokens💰Don't wait, join us today!🤝
— Love Hate Inu (@LoveHateInu) April 18, 2023
Investors can rest assured that the platform won’t be plagued by bots. To cast a vote, individuals will have to have staked a minimum of LHINU for 30 days, making it challenging and expensive for spam bots and vote manipulation to gain control.
Love Hate Inu has already had a very successful presale a few months after its debut, raising more than $4.57 million.
Stage 5 of the presale is imminent, and the organization is likely to meet the $10 million objective in the coming months. However, those interested must hurry as the token price in the presale will increase to $0.000125 from the current $0.000115.
DeeLance – Revolutionizing Freelance and Recruitment with Web3
DeeLance is a project powered by Web3 aiming to provide a digital freelance marketplace for creatives and employers to work together, exchange services, and pitch ideas for commercial purposes.
The project is built on three pillars: an easy-to-use recruitment hub, non-fungible token (NFT) technology, and the metaverse world, which aims to disrupt the $761 billion recruitment industry by enabling transparent and simplified contract ownership.
Unlike conventional platforms, DeeLance is the first of its kind to be built on Web3, allowing for an open, secure, and accessible freelancing and recruitment platform for people all over the world.
Hey DeeLancers! 👨💻
Ready to take your freelancing journey to new heights?
🌌 Explore the boundless universe of #DeeLance and unlock Metaverse VIP Experience!
Adventure awaits – don't miss out! – Get $DLANCE Now ⬇️https://t.co/ViNzSDSG35#Deelance #metaverse #Crypto pic.twitter.com/fAdKyxr0wO
— DeeLance (@deelance_com) April 17, 2023
DeeLance charges significantly lower fees than competing platforms, with freelancers paying 10% and employers paying 2%.
Payments are locked in smart contract-powered escrow and disbursed automatically when the designated service or task objectives are completed and approved by recruiters.
In the metaverse, recruiters and creatives are provided with NFT avatars to interact with other members of the platform’s virtual sphere, allowing for the scheduling of meetings and interviews, and the distribution of gigs to qualified candidates.
Freelancers can also publicize their portfolios and skill sets to attract employers and recognition from their peers.
DeeLance’s ecosystem is powered by the native $DLANCE token, which runs on the Ethereum blockchain.
$DELANCE can be used to purchase assets such as NFTs, land, and offices within the metaverse.
The world’s most advanced token is still in its presale stages and is trading at $0.025 USDT per token. Early investors have already raised over $259,000 in just a few weeks but interested investors must hurry before the price per token increases to $0.029 in just four days.
What’s Next For Mina Protocol After 50% Rebound
Mina Protocol (MINA) value has increased by 4% in 24 hours for the token to trade at $0.84 on Wednesday. Its trading activity also soared in the same period, up 130% to $54 million. MINA currently ranks 68th in the market with $748 million in market capitalization.
Following the establishment of support at $0.6 in early March, which absorbed the selling pressure that characterized the market in February, bulls took back the reins.
A 50% recovery took place in early March which brushed shoulders with $0.9 but left the most critical resistance level at $1 untested. Mina Protocol had to seek fresh liquidity from lower support areas around $0.7 before making another attempt to tackle the stubborn hurdles at $0.9 and $1.
It would be wise for traders to prepare for an opposite outcome where MINA abandons the recovery mission and drops to sweep through liquidity at $0.7 again. The leg may stretch to $0.6 if declines intensify.
Investor interest in Mina Protocol is up this April following the launch of a new roadmap that includes several updates and improvements. These comprise enhancements to the network’s security, stability, and performance, such as a new proof-of-stake consensus mechanism and improved support for smart contracts.
The team is also working on expanding the platform’s functionality with new applications and tools. Additionally, they plan to continue building partnerships and collaborations with other projects in the blockchain and crypto space.
Ecoterra – Where Recycling Meets Crypto Rewards
$ECOTERRA, the native token of Ecoterra, is an eco-conscious crypto asset utilizing blockchain technology and a unique recycle-to-earn (R2E) system to motivate members to engage in efficient waste management.
🌍 Climate change causes major ecosystem disruptions, species extinction and food insecurity for communities worldwide 🌱🐦🦍
By promoting recycling and offsetting CO2 emissions, we are working towards a better future ♻️
Join our #Presale now ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/7QAUeK1h3V
— ecoterra (@ecoterraio) April 18, 2023
The R2E rewards approach inspires individuals to become eco-friendly and minimize their carbon footprint.
Though not yet available on public exchanges, $ECOTERRA has gained significant popularity through its ongoing presale, raising over $1.7 million from investors worldwide.
Currently trading at $0.0055 USDT per token, the $ECOTERRA valuation is expected to rise as the presale progresses through the stages.
A key aspect drawing investor attention is the platform’s powerful application. Ecoterra’s Recycle-2-Earn app feature allows members to earn $ECOTERRA tokens for recycling items like glass bottles, silicon cans, and plastics.
These earned tokens can be staked, traded on exchanges, or stored in a crypto wallet. This functionality is likely to attract more manufacturers interested in recycling used materials to enable cost-effective production processes.
As adoption grows, it will lead to more use cases and increased demand for $ECOTERRA, allowing the token’s price to rise significantly.
Arbitrum Price Uptrend Stalls At $1.8
Arbitrum price is pivoting within a newly formed range between $1.6 and $1.8. Investors pushed for a substantial breakout last week after a proposal demanding the Arbitrum Foundation return $1 billion worth of tokens to the DAO flopped.
ARB strengthened its bullish outlook from support around $1.2 to new April highs at $1.8. However, Arbitrum quickly became overbought as the Relative Strength Index (RSI) stretched to 87.
This called for a trend reversal, which appears to be gaining momentum on Wednesday. If bulls defend the support at $1.6, Arbitrum price has the potential to resume the uptrend, aiming for $2.4 in the short term, $5 in the medium term, and $10 in several months.
On the other hand, losing support at $1.6 could prove detrimental to ARB as it is likely to sink further down in search of a robust buyer congestion zone. In that case, investors would be looking at a drop to $1.40 and $1.2, respectively.
It is worth mentioning that Arbitrum is a layer-two scaling protocol developed to enhance the scalability and security of the Ethereum network.
It works by establishing a trustless bridge between Ethereum and Arbitrum, allowing for fast and secure execution of smart contracts without requiring any significant modifications to the existing codebase.
Arbitrum achieves this by utilizing a rollup architecture that aggregates transactions before committing them to the Ethereum blockchain.
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