New York, NY
–News Direct–
Litecoin ($LTC) has been on a bull run for the last several days as traders look ahead to the token’s next halving event in August.
$LTC is up 14% over the last 7 days, even as Bitcoin’s price has been flat over the same time period. Litecoin now trades at almost $92 per token. But Litecoin isn’t the only crypto that traders are bullish about right now.
AiDoge, a new meme coin that leverages generative AI to create viral memes, just surpassed $8.5 million raised through its crypto presale. yPredict, an AI-powered crypto trading platform, is readying for an ICO and analysts are backing it to deliver 10x returns.
Litecoin Halving Reduces $LTC Supply, Analysts Target $150 and Up
Litecoin’s halving event is significant for the coin’s price because it decreases the available supply.
Each time a block of Litecoin is mined, the successful miner is currently rewarded with 12.5 LTC for their effort. However, starting August 2, the block reward will be cut in half to 6.25 LTC.
Miners frequently dump the tokens they earn from block rewards onto the market, thus increasing the supply of $LTC available for trading. A halving of block rewards means that the rate at which $LTC supply increases will slow down.
If demand stays the same as it is now, that should push up the price.
Litecoin is already up to nearly $92 on news of the halving, a gain of 14% over the past few days. It looks likely that the token will continue to rise and retest a strong resistance level around $102.
Many analysts expect that the halving event will be enough of a catalyst to break through that resistance area.
From there, price predictions vary widely, but most suggest a floor price of $150 for $LTC by the end of the year. Coin Price Forecast announced a target of $153 and Long Forecast called a year-end price target of $150.
Currency.com suggests that $LTC could run up to $500, although it doesn’t give a timeframe for that prediction.
Litecoin faces minor technical resistance around $140. However, the token reached an all-time high of $412.96 in 2021, so prices in the $150 range are well within the realm of possibility.
A $150 price target represents a gain of 63% from the current $LTC price.
AiDoge Raises $8.5 Million, Analysts Predict 100x Explosion
While Litecoin’s potential gains around the halving event are significant, a handful of emerging cryptocurrencies offer the possibility of life-changing gains.
One of the most high-potential cryptos right now is AiDoge, a new project that’s leveraging generative AI technology to create viral memes. This project combines two of the hottest trends in crypto—AI and memes.
A growing number of analysts have predicted that AiDoge could deliver 100x returns after hitting exchanges.
With AiDoge, users simply describe the meme they want to create. The AI algorithm will generate an image and text, which users can then modify to perfect their meme. The whole process takes only seconds and doesn’t require any graphic design skills.
Even better, AiDoge.com enables creators to turn their memes into NFTs with the click of a button. If a meme goes viral, the creator can prove their ownership over the latest trending meme thanks to their NFT.
In order to create memes with AiDoge, users will need to hold the project’s native $AI token. Users who stake $AI earn daily rewards in the form of credits to generate memes.
This staking mechanism encourages users to hold $AI for the long term while enabling users to create as many memes as they want.
On top of that, $AI is used to reward the most inventive memesters. Every meme created using AiDoge is posted to a public wall, where users can vote on their favorites. At the end of each month, votes are tallied up and the winners receive $AI.
Essentially, this creates a meme-to-earn rewards system that encourages users to take their memes to the next level.
AiDoge has proven extremely popular within the crypto community. The project has already raised more than $8.5 million.
Time is running out to buy $AI during the presale. Less than 50% of presale tokens remain and the next price increase is only a few days away.
yPredict Building AI Crypto Ecosystem, Raises Over $1 Million
Another AI-powered project that has caught the attention of crypto analysts is yPredict. This project aims to make crypto traders more profitable by using AI to help them predict where the price of a token will go next.
Part of what’s unique about yPredict is that it doesn’t lock its AI tools away in a vault. Instead, the project puts them in the hands of traders, analysts, quants, and developers.
Anyone can create a predictive price model using yPredict’s AI, then make that model available to others through yPredict’s marketplace. Model developers earn subscription revenue, while traders can choose from hundreds to thousands of high-performing predictive models.
yPredict is also putting AI to work in other powerful ways. The trading platform is capable of recognizing chart patterns automatically, helping traders spot technical opportunities as they develop. It can also evaluate what set of technical indicators to apply to a chart.
yPredict’s AI tools also evaluate social media and news sentiment around a token. This is a great way for traders to identify trending cryptos before they take off, or to know when the hype around a pumping token is about to end.
Traders will need yPredict’s $YPRED token in order to get the most out of this platform. $YPRED offers a discount on a yPredict subscription and is required to pay for predictive model subscriptions in yPredict’s marketplace.
Traders can also stake $YPRED to take part in a revenue share. yPredict sets aside 10% of every subscription to the platform for staking rewards.
yPredict has raised more than $1 million through its $YPRED presale and is rapidly closing in on an ICO. Less than 30% of presale tokens remain available.
$YPRED is currently selling at a price of $0.07, a discount of more than 40% from the expected listing price of $0.12.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
Contact Details
Finance News
Alex Brown
View source version on newsdirect.com: https://newsdirect.com/news/litecoin-price-prediction-bullish-ahead-of-ltc-halving-these-tokens-could-also-pump-377088341
2023 News Direct Corp.
