Category: Cryptocurrency News

The gaming industry has progressed significantly in recent years. From cumbersome consoles, odd cartridges, and simple games to a $170 billion entertainment channel fueled by more than 2.7 billion users across the world. Gaming is now an all-consuming experience, based on ultra-realistic animations and full of twists and turns throughout what appears to be an infinite stream of entertainment content. There’s seemingly nothing out of bounds when it comes to the possibilities of gaming. Despite the wide-scale innovation that has gone into the industry, yet it doesn’t seem to be taking a break, and now we are witnessing blockchain innovation in the gaming sector. The rise of non-fungible tokens (NFTs) and the integration of DeFi into play2earn blockchain gaming has given birth to a whole new level of innovation in the gaming industry. Several blockchain projects are now leveraging this concept to build a gaming ecosystem, one notable mention is Meta Legends. Meta Legends is building a cutting-edge entertainment hub built on robust product fundamentals. The project is designing an innovative application called Meta-Connect, whose use-case will be to bring the gaming community together into a unified ecosystem. Participants will be able to find each other on a map, save their NFTs, and obtain an estimate of how much their digital artifacts are worth. In addition, Meta Legends will create a Metaverse environment, which will be known as Meta-Life. Gamers and Metaverse players will be able to accumulate cryptos, own property, gather digital collectibles, and explore the Meta Legends Universe. Meta Legends leverages NFTs and Metaverse In A Fascinating Way NFTs are an intriguing asset class because they bridge the gap between the real world and the digital one, as well as connect digital worlds through the ability to transplant in-game items across games and virtual worlds. While their value as collectible forms of media has skyrocketed in the physical world, their popularity is growing in tandem with the rise of metaverses and digital worlds, since NFTs are well suited to be used in metaverse ecosystems. Meta Legends will leverage NFTs and the concept of DeFi for its play2earn gaming platform to build an innovative metaverse to connect gamers around the world. The global metaverse industry is currently growing at a fascinating rate, and as the industry continues to gain mainstream attention, Meta Legends is positioning itself to lead this wide-scale adoption. The metaverse market is expected to reach USD 596.47 billion by 2027, up from USD 44.69 billion in 2020. During the period 2021-2027, the metaverse market is expected to rise at a robust 44.8 percent CAGR. Meta Legends is on a mission to create a digital world with a mirror resemblance with the real world, the team noted that: “We will be leveraging photorealistic rendering, dynamic physics and effects, lifelike animation, and built-in tools for advanced character rigging animation and performance capture streaming to build our Meta Legends Metaverse. This will result in believable human and animal characters, massive scale reactive environments, and film quality levels of VFX. We will also be including real-time landscape and terrain tools, sky cloud and environment lighting, real-time ray tracing, and rasterization, in building the Metaverse world” Meta Legends will mint/issue a total of 12345 legends, all of which will be classified by rarity and built from hundreds of different elements. These Legends will be issued as ERC-721 tokens on the Ethereum blockchain and stored on an interplanetary file system (IPFS). The NFT gaming platform will benefit gamers in a number of ways. For example, they will be able to participate in a variety of FPS games, contests and tournaments, space races, Easter eggs, and events such as concerts and festivals. As Meta Legends adds Play2Earn technology into its platforms, gamers will be able to earn some passive revenue by engaging with the metaverse. The platform also introduces a land ownership system where owners will be able to rent lands to players to farm resources, rent and resell houses to players or investors. They will also be able to rent vehicles, weapons to players, and will likewise get engaged in Yield Guild Gaming with unique characters. Meta Legend will be launching its token sales on November 24 at 6 pm EST. Not only this will mark an important milestone for Meta Legend, but for the entire NFT gaming fraternity as it paves way for development activities to commence. The Meta Legend token will serve as a primary medium of exchange for all financial activities in the Meta Legend Metaverse and gaming ecosystem. Meta Legend also has a strong community support in excess of 115k followers in Discord which is expected to grow further following the launch tomorrow. Blockchain Gaming Will Lead The Future Of Gaming. There are no limits to the kind of incentives that may be provided in blockchain games, so there will almost certainly be something to appeal to practically everyone. It is expected that blockchain gaming would appeal to a broader range of interests, use cases, and genres, attracting a larger audience and bringing more individuals into the worlds of blockchain gaming, DeFi, and metaverses. As this happens, games like Meta Legends will be worth looking out for.

In today’s digital world, gaming has become more relevant, with an average gamer spending over eight hours per week in the digital realm. With the introduction of cryptocurrency to the gaming sector, a new model of gaming has emerged called the Play-to-Earn model. The Play-to-Earn model, as the name suggests, is designed to help players win various cryptocurrencies, NFTs, or other digital assets by playing in the game. As one can imagine, the P2E model became an instant hit because of the ability to win in-game assets and several exciting prizes. The growth of the P2E Market was significantly boosted during the pandemic as people struggled with a steady income. The lucrative and rewarding P2E games helped people generate a stable source of income doing what they love. Some studies suggest the popular P2E games have even entirely substituted the income of struggling households in emerging economies. Apart from being lucrative for the players, P2E also helps new blockchain, DeFi, and NFT projects to quickly gain momentum. To that extent, more and more projects are incorporating P2E based games within their ecosystem. However, some projects do not have the right architecture to support this movement. Luckily, Momento has taken upon itself to tie all NFT projects that don’t have use cases for their NFT together within its P2E gaming economy. Momento’s P2E Gaming Economy Momento is a DEFI + NFT project that aims to provide a platform through which people can earn through the NFTs they own, and play exciting games, all while making a living out of it. The concept of DEFI, NFT and Play to earn games are not something that a lot of people understand so the project aims to provide an all-in-one solution where it’s easy and interactive for everyone to understand all of these aspects and actually use it and also be able to earn through it in multiple ways. Momento is one of the first projects that aims to do something of this sort. There will be a play-to-earn (P2E) game where the NFTs will be integrated into it and an in-game staking feature that’ll enable people to make passive income through the NFTs that they buy. To that extent, Momento has also designed a P2E gaming economy, where it aims to help all NFT projects create a Play-to-Earn model and expand their use cases. The project is developing a gaming ecosystem where players can use various NFTs along with $MOMENTO tokens within the game to win various rewards. For example, a football game where users can compete with each other and earn exciting rewards or a casino where users can bet their NFTs to win more NFTs against other players or play against each other using the $MOMENTO token. Momento is offering a lucrative opportunity for NFT projects to expand their use cases and provide the immersive gaming experience of the P2E gaming economy.      

I’m pretty it’s obvious considering it’s under the same build, but it didn’t really hit me until I analyzed the charts with my inu investments. I believe it’s the same format whenever BTC goes down and the whole market is affected. I think I’m late to the event for just noticing, but I was wondering…
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With an average 6% loss and a 10% correction in the weekly chart for Bitcoin, Cardano (ADA), XRP, and others, the crypto market has been trading in choppy waters for the past days. The uncertainty has brought a change in the sentiment, as traders prepare for further downside. Data from Arcane Research records a flipped in the Fear and Greed Index, the indicator has quickly moved from “Greed” to “Fear” as Bitcoin and other major cryptocurrencies in the top 10 by market cap retested critical support levels. Bitcoin had a particularly bad week in terms of performance as an increase in volatility caused the price to fluctuate in a range between $55,4000 and $60,000. On the other hand, Ethereum has showed more strength as it has been able to quickly bounce back from its low and into the mid area around its current levels. Related Reading | TA: Bitcoin Holds Key Support, Why BTC Remains At Risk of Sharp Decline As Arcane Research noted, the crypto market’s sentiment is still far from suggesting a cycle top. Despite the downside pressure, fundamental remains for future appreciation as most cryptocurrencies successfully retested their monthly lows. Arcane Research noted the following: (…) in bull markets, the Fear and Greed Index indicate “greed” or “extreme greed” for more extended periods with short periodical visits to the “fear” area, just like we saw this spring. Therefore, a “fear” level is not necessarily a signal that the current bull market is over (…). Why The Crypto Market Could Need More Blood Before New ATHs The short term paints a very different picture for Bitcoin and the rest of major crypto. The U.S. Dollar Index (DXY) has been showing strength as the market trends downwards. However, as analyst Justin Bennett pointed out, the U.S. currency could have found a local top. This could provide some breathing for crypto and allowed them to return to their previous high or take another shot at critical resistance price points. Despite the above, traders still need to maintain caution. Although there has been a reset across the crypto market, the derivatives sectors still show signs of being overheated with most exchanges recording neutral funding rates that quickly turn positive on breakouts to the upside. Related Reading | This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods?  Thus, why Jarvis Labs believes Bitcoin and the crypto market could re-entered price discovery once funding rates turn negative, as it did in September 2021. This could dip the Fear and Greed Index further down the fear levels into Extreme Fear. #BTC funding rate on Binance still hovers around neutral values. Best to wait for a few days of negative funding regime as it did in September end before sizing up. pic.twitter.com/AJ5bKDr29k — JarvisLabs (@Jarvis_Labs_LLC) November 23, 2021 On that note, pseudonym trader Rekt Capital believes Bitcoin has showed little signs of strength. Another run into the lows could bring the whole market down with BTC’s price. The analyst said: Let’s see how the Daily closes But investors are only fearful at the moment. A breakdown from here would certainly make them extremely fearful (…). Greed drives price up. Fear drives price down. Extreme Greed precedes tops. Extreme Fear precedes bottoms. Bitcoin probably needs to reach extremely fearful investor sentiment before it finally bottoms and reverses.

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So I was using metamask to delegate my matic tokens to a node for staking. Two of the attempts timed out after 750 seconds it seemed so I resubmitted the transactions. I thought the transactions would be “failed” but they are still in my queue even after successfully staking on another attempt. I get you…
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Ethereum which is the second-largest cryptocurrency project in the globe has enjoyed the support of major and big-time investors in recent years. Its growth over the last year has helped to further reinforce why investors tend to choose the altcoin over Bitcoin. One of those who have supported Ethereum openly and majorly in the past has been Su Zhu, CEO, and CIO of Three Arrows Capital, a Singapore-based fund management firm. Zhu who has supported Ethereum for a while recently announced that he was leaving the digital asset behind. This came as a shock but Zhu’s reasons for making this move have proven to have some merit to it and has got some in the space wondering about the future of the blockchain. Related Reading | Famed Psychologist Jordan Peterson Says “Inflation Be Damned” As He Buys More Bitcoin Zhu Exits Ethereum In a series of tweets posted to Twitter, the CEO outlined his reasons for exiting the second-largest cryptocurrency in the market. According to Zhu, the barriers to entry for Ethereum had become too high for it to be a feasible investment for newcomers. He explained that just as he has abandoned the project, so has the project abandoned its users. Yes I have abandoned Ethereum despite supporting it in the past. Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross. — Zhu Su 🔺 (@zhusu) November 21, 2021 Related Reading | Kraken Is Delisting Top Privacy Coin Monero (XMR) For UK Users Zhu explained that Ethereum had gotten too big to care for what the blockchain had set out to do in the beginning, implying that the project had lost its way. He had then suggested that it needed a reminder in the way of a bear market to set it back on track again. On the flip side of that, the CEO had also suggested that maybe migrating to a new blockchain may be the next best thing. Going further, Zhu had addressed the negative feedback that his initial tweets had gotten from the Ethereum community. He pointed to the exorbitantly high fees that are now required to transact on the Ethereum network, stating that “users are livid that they’re promised a vision of the future, then told that they have to pay $100-1k per tx to enjoy it, and then get told some tales about how they should’ve been smart enough to buy ETH at $10.” Looking Forward To A New Blockchain Zhu’s tweets come after his fund management firm, Three Arrows Capital, had been disclosed to be invested in Ethereum’s rival blockchain, Avalanche. It was revealed that the firm had been a contributor of Blizzard, which finances developers that are building on the Avalanche blockchain. Blizzard hosts a $200 million fund that is specifically targeted for this purpose. ETH trending at $4,151 | Source: ETHUSD on TradingView.com In addition, a wallet that was said to be attached to Three Arrows Capital had moved a significant amount of Ethereum to the FTX crypto exchange. It is speculated that the approximately $77 million worth of ETH had been moved to the platform to be sold. Featured image from Analytics Insight, chart from TradingView.com

Cryptocurrency and smart contracts are redefining the future of online betting. Esports, meanwhile, represent a growing market for gambling.

So i find it relatively easy to find good people on twitter regarding BTC on chain analysis, like Will Clemente, Dylan Le Clair, Pentoshi etc. ​ But i still am looking for people that do the same but have their primary focus on Ethereum. Any good advice? I'm especially interedet for trading predictions, price predictions…
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