Cardano (ADA) prices show that the bulls are trying to overpower the market to diminish the bearish trend. ADA prices have been lingering steadily at $0.5, and a rejection strung at $0.628. More so, there has been a marked price decline of 7% in the market seen the previous days as the bearish trend takes over. The current market trading level is now at $0.524, which is pivotal as there seems to be a power struggle between the bulls and the bears. Suggested Reading | Avalanche Crumbles More Than 16% As Crypto Landslide Continues Support At $0.50; Bulls Try To Up Market Prices Support has been capped at $0.50, and the bulls are trying to get the prices to skyrocket. Meanwhile, the bears are not the type to throw in the towel as they are currently selling at steep prices. With these price movements, the market is perceived to see more volatility, especially since the bears and bulls are trying to outpace and outperform each other. Everyone should keep an eye on the critical level set at $0.5, wherein a break right below that trajectory would see prices plunging to as low as $0.45 levels. However, once it breaks above the price of $0.628, prices would go to as much as $0.70 levels. Cardano Power Struggle: Bulls Vs. Bears A 24-hour price analysis of Cardano (ADA) reveals a robust price battle as the bulls try to take over the market, which is being met by intense bearish pressure. These opposing forces can elicit volatile activity seen in the near term as the bulls and bears get friction to work. The trading volume seen in the ADA/USD pair is now set at $$398,204,651.10, with the total market capitalization at roughly $17.69 billion. The pair is currently at position 8 and overshadowing 1.41 of the other digital assets. Suggested Reading | Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery ADA/USD Pair Can Perform Better This Week Moreover, the ADA/USD pair is seen to command and conquer with better-performing figures this week, considering the consolidation period at which the bulls are getting ready to dominate the market. The bulls and bears are trying to grip the rope tighter as they struggle to lead the market. The bulls are back once you see the prices at the $0.628 resistance level. The prices would need to find the proper grip or support, likely at the $0.5 level, to prevent further downturns. Featured image from Solodev, chart from TradingView.com
CKarma is a recently launched NFT-based play-and-earn game that enables players to collect NFTs, utilize them in battle, and even trade them for money. To participate, players first need to purchase an NFT card on CKarma’s virtual platform. Each NFT presents a mutant animal, which the gamer uses to battle in the land of Zaios. […]
According to Thursday’s reports, the recent decline in bitcoin’s value has not altered the investment tactics of MicroStrategy. MicroStrategy surged more than 10 percent on Thursday alongside Bitcoin, which was trading about 5 percent higher despite the S&P 500 struggling to trade flat. Saylor is evidently still optimistic about bitcoin despite the recent market decline. […]
The Ripple price prediction continues to battle with the $0.40 level after being supported by the 9-day moving average. Ripple Prediction Statistics Data: Ripple price […]
Bitcoin has been getting stable at its crucial support level of $30,000. For over a week now, Bitcoin has been trading near its immediate support level. Over the last week, the coin lost close to 6% of its value and in the last 24 hours, BTC fell by 3%. The past week has been extremely choppy for Bitcoin and also for the altcoin due to continued market weakness. The coin had plunged to a low of $25,000, BTC had last traded about that price level in December 2020. Bitcoin has recovered by $5000, however, a chance of a further downslide cannot be ruled out. The technical of the coin pointed towards continued selling pressure in the market. Bitcoin Price Analysis: One Day Chart Bitcoin was priced at $29,100 at the time of writing after the coin was rejected from the $31,000 price level. Immediate resistance for the coin stood at $25,000. A fall beneath the same will send the coin straight to $19,000. On the flip side, if the bulls send a temporary relief then the coin will target moving above the $30,000 price level and trade close to the $31,000 resistance mark. The volume of Bitcoin traded was seen in the red which indicated bearishness on the one day chart. Technical Analysis Bitcoin might have been able to show signs of stability on the chart but further signs show that the coin can soon plummet again. King coin was trading underneath the 20-SMA line which meant that sellers were dominating the price momentum in the market. Support from the buyers can push the coin above the immediate resistance of $30,000. The support from buyers seems like an unlikely situation considering how the coin has formed a bearish flag (yellow). A bearish flag indicates further push from the bears and this could cause the coin to trade below the $20,000 support mark. The coin hadn’t touched the $20,000 price level in over a year now. The Relative Strength Index was below the half-line which indicated that sellers are still in charge as shown by the SMA lines. Related Reading | Bitcoin Bearish Signal: Whales Ramp Up Dumping Bitcoin’s bearish flag reflected how the coin continued to fall on the chart after the pattern was formed. The bulls have tired out from the constant battle with sellers. In accordance with the same reading, Awesome Oscillator flashed bearishness. The indicator dictates the price momentum of the market and red histograms underneath the half-line meant a sell signal for the coin. If sellers continue to act on it, $20,000 can soon be on the charts. Chaikin Money Flow is responsible for depicting capital inflows and outflows. The indicator was below the half line because capital outflows were still dominant at press time. Related Reading | TA: Bitcoin Eyes Fresh Increase But This Level Is The Key
The Terra community has opposed Do Kwon’s second revival plan to fork Terra to create two blockchains in a bid to make up for last week’s real-time collapse of UST.
The play-to-earn gaming space is one of the most discussed ecosystems in today’s crypto industry. According to Dapp Radar’s Q1 report, blockchain games accounted for over 50% of the total DApp activity. There has also been a significant inflow of funds, with VCs investing close to $2.5 billion this year. Looking at these stats, one […]
The post-apocalyptic city of Los Machines has become the hub of Play2Earn activity. After a sold-out IDO, Animoca Brands-backed Drunk Robots has partnered up with Infinity Force and 3 major guilds – has just rehauled its game economy after a sold-out IDO, increasing the rewards and making it even easier to enter the game. Drink, fight, earn After ‘play to earn’ and ‘move to earn’, has the time come for ‘drink and fight to earn’? At least that’s what the robots of Los Machines do all day long: consume vast quantities of beer, then thrash each other around. Despite this violent premise, Drunk Robots is outrageously fun – and very well designed at that. In fact, the robots look so good that the original collection of 10,101 characters was immediately sold out on Liquidifty and Binance NFT. You can currently buy robots in closed containers on the Liquidifty marketplace. While you do need a robot to fight in the Arena or scavenge $METAL, there are several mini-games that you can play 100% free – such as Knockout, where you have to shoot at other robots before they shoot you. The project counts 23,000 Discord members, over 64k Twitter followers, and 39k Telegram channel subscribers – for a total of 126 thousand users in the community. Few P2E games can boast such a large following just weeks after the IDO. Drunk Robots introduces a 5,000,000 $METAL prize pool for the Arena leaderboard The Play2Earn element of Drunk Robots is also well thought-out. Players earn prizes for participating in battles – and then they get even more if they manage to rise to the top of the leaderboard at the end of the season. This creates a strong incentive to compete in the Arena every day. On May 4, the team announced big changes to the game economy ahead of the second season, which starts on May 6. First of all, the seasonal prize pool for PvP (player versus player) battles is increased to 5 million $METAL tokens. A single robot can earn a player around 3,840 $METAL a month. The creators have also updated the prices of containers with robots, equipment, and energy booze (a special energy drink that robots need after a brawl). Starting from the second half of the season, players will need to take part in at least 5 battles every 24 hours to keep farming $METAL – or face a drop in the farming speed. 4 major gaming projects already collaborate with Drunk Robots Drunk Robots has also been expanding its roster of partnerships, adding three major gaming guild projects in a few weeks: Yield Guild Games SEA (YGG SEA, $SEA): the Southeast Asia branch of YGG, uniting 30,000 scholars across 18 countries; Avocado DAO ($AVG): a community of 11,000 scholars playing games like Axie Infinity and Revv Racing; Skill Guilds: providers of an advanced guild manager dashboard and a guild-building SDK. The latest partner to be announced is Infinity Force ($YNFF), a platform that connects players, guilds, and games. These collaborations follow a strategic partnership with Merit Circle, perhaps the most influential DAO in the blockchain gaming industry. Apart from these gaming partners, Drunk Robots boasts an exceptionally strong list of backers among venture firms, including Animoca Brands, Shima Capital, Moonrock Capital, and DEX Ventures, as well as Gate.io, ZB.com, and Oracles Investment Group. $METAL IDO sold out on 3 launchpads Amid all this partnership-building, Drunk Robots also held a highly successful IDO for its $METAL token. On April 7, three launchpads – Liquidifty, TrustPad, and GameFi – together sold 25,000,000 $METAL at $0.01 each, raising $250,000. Once $METAL was listed on PancakeSwap and Gate.io, the price rose over 300% above the IDO price to reach $0.43. $METAL has many uses in the Drunk Robots economy: reward payouts and scavenging (farming); leveling up robots and their equipment; drunk races (yes, it’s a completely legit activity for robots); re-rolling opponents in PvP battles, and much more. Drunk Robots’ roadmap for the next few months includes more detailed visualizations in the PvP arena; gangs and clans; farming virtual land, and more. To get your first robot and start earning $METAL, visit https://drunk-robots.com/ .
Welcome to the last installment of Ricardo Salinas’ Bitcoin Masterclass. The billionaire and his two hosts already discussed the fiat fraud and sound money, but they have yet to bring it all together so you can “understand both.” In this episode, it all comes full circle. Keiser and Herbert get Ricardo Salinas to share some […]
The cryptocurrency market has experienced a big selloff in the past few days. From nearly $2 trillion two weeks ago, its total cap has dropped […]
NFT strategy game Dragon War has confirmed a partnership with Magic Eden, Solana’s fast-growing NFT marketplace. As part of the deal, the play-to-earn project will make Magic Eden its preferred INO launchpad, with 5,000 non-fungible tokens (NFTs) set to go live on the site on May 16, 2022. For the past several weeks Dragon War has been in test mode, and a number of high-profile guilds, VC partners, and KOLs have been busy exploring what the game has to offer and reporting bugs. With the full mainnet launch slated for this quarter, the upcoming NFT sale is a golden opportunity for players to acquire the tokens necessary to win battles, complete quests, climb the leaderboard and trade successfully. Magic Eden, Mammoth Sale Launched last September, Magic Eden has quickly grown to become the largest marketplace for Solana NFTs, with over three times the volume of second-placed Solanart. According to DappRadar, the venue supports a thriving community of traders and NFT collectors, who collectively power weekly trade volume exceeding $5 million. Which makes Magic Eden the perfect venue for Dragon War’s vast collection of NFTs. The 5,000 tokens that will be made available on May 16 as part of the Exclusive Epic Dragon collection marks the first time Epic Dragons and Body Parts will be introduced to the community (within the game, each dragon has a unique form based on its elements identified by body parts and fusion). So far, all Dragons and Body Parts introduced from the Game and its Marketplace have been part of the ‘Rare’ level. In the Dragon War game, players are tasked with assembling the most formidable Heroes and Dragons, the better to win PvE/PvP battles and complete missions. The project has tens of thousands of unique NFTs including Dragons which are rarified through a mix-matching mechanism of 5 Dragon Classes, 5 Elements, and 6 Body Parts with 6 different Rarity Levels for each. While the original price for the 5,000 Dragon NFTs was fixed at 0.75 SOL, the exclusive price for the public round on Magic Eden will be 0.5 SOL. The top 100 participants in the ongoing Open Test will be whitelisted for the INO (Initial NFT Offering), while the top 10 bug hunters become eligible for an additional Mystery Box. Ahead of the public launch, interested parties can familiarise themselves with instructions for participating in the test phase, which offers players the first chance to evaluate the release and the opportunity to snare the most exclusive NFTs from the highly anticipated Epic Dragon collection. There is no limit to the number of participants in the Open Test and each test account can be played only in a 7-day stretch, beginning at the first day of account creation. The main purpose is to make sure the in-game economics are sustainable and mutually beneficial for everyone. Additional details to join the Bug Hunter campaign can be found here. As well as hardcore gamefi users, Dragon War has attracted three major gaming guilds in MetaGaming Guild, Good Gaming Guild, and X8. Close to a dozen VC firms are actively bug-hunting, along with over 30 media partners, five KOL communities, and 200 influencers. Ready for War Conceived as a turn-based strategy game that blends elements of Axie Infinity and Heroes of Might and Magic, Dragon War will offer appealing features such as boss raids, a Massive Online Battlefield and guild wars, with familiar earning integrations like staking and farming also in the pipeline. There’s even talk of a fully-fledged metaverse, complete with digital land sales. Dragon War’s developer team chose the Solana blockchain over Ethereum or BSC due to its near-zero gas fees and lightning-fast confirmations. The game’s native asset, $DRAW, is used for utility, governance and staking purposes, while a second token, $ERA, is predominantly used for purchasing NFTs, upgrading items and covering event fees. Given the fiercely competitive nature of the blockchain gaming sector, Dragon War has its work cut out to fulfil its lofty ambitions. However, early signs are that it’s well-equipped for the battle ahead. With a name like Dragon War, we really shouldn’t be surprised.
Robinhood has listed both the Grayscale Bitcoin Trust and Grayscale Ethereum Trust. This comes in the wake of Robinhood’s major layoffs, as well as Grayscale’s battle with the SEC over…
The report, which was updated on May 4 entailed consulting a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade should Ripple win or lose the case against the Securities and Exchange Commission (SEC).
Amid the tragedy of Russia’s invasion of Ukraine, Bitcoin acts as a humanitarian lifeline.
Dfinity Foundation has dragged Facebook’s parent company, Meta, to court for using an infinity symbol as its logo. Was it deliberate? Or, was Facebook – now rebranded to Meta – just too lazy to do its homework and verify if the logo it used for its modified entity was already taken. Well, it doesn’t matter […]