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Introducing CKarma: A Crypto-Inclined NFT Card Game That Blends Play-And-Earn With Spot Trading

Introducing CKarma: A Crypto-Inclined NFT Card Game That Blends Play-And-Earn With Spot Trading

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.  […]

Crypto News

Cardano Struggles Beneath $1, Will It Rest Above Its Crucial Support?

Price of Cardano (ADA) has been unstable following larger market trends. Bitcoin slid upto 20% over the past week and major altcoins followed through. Bitcoin’s revisit to levels that it hasn’t touched for months has caused other altcoins to plummet considerably. In just 24 hours, ADA nosedived 20% and over the last seven days, the coin posted over 30% loss in market value. ADA has been one of the worst performing altcoins of the month causing investors and buyers to flee the market. Continued sell off could cause the coin to dip further and rest near the $0.40 mark. Amidst other worrying factors, such as increasing inflation, hiked interest rates and an impending recession, broader market weakness could continue to bother the stability of the crypto industry. Cardano Price Analysis: Four Hour Chart ADA’s price at the time of writing stood at $0.50 which marks more 60% fall from its all all time high of $3 last year, September. The coin has almost noted a 35-week downtrend and the recent bearish price movement has made it nearly impossible for the coin to display chances of rebound. The coin continues to paint extreme oversold conditions. The coin depicted a downward trend (yellow) affirming the bearish thesis. At the current price level, Cardano might find a support level at $0.40. Investors might fight that scenario to be a buying opportunity which could lift ADA’s prices upward. In case of a rebound, which looks quite difficult, ADA could target $0.62. Volume of Cardano displayed a red bar which is indicative of bearishness, it also means that the coin is experiencing sell off at the time of writing. Technical Analysis Cardano had tried to retest its $0.62 level in the past few days but the bears kept dragging the altcoin down. At the time of writing, ADA was trading far below the 20-SMA line. This means that sellers were driving the price momentum of the coin in the market. After breaking from the downward trend, ADA had briefly tried to rally which had made the coin revisit the overbought zone as buyers gained confidence for a brief span of time as seen on the Relative Strength Index. Following this however, ADA barely recovered in terms of buying strength as the coin continued to juggle between the oversold zone and underbought zone. Related Reading | ADA On Discount? Cardano Whales Go On $200M Shopping Spree Ongoing bearish thesis has dampened the spirit of investors, the coin is currently experiencing a distribution phase owing to a sell-off. The Chaikin Money Flow which determines capital outflows was seen below the halfline. This reading signified that capital outflows were far greater that inflows. Awesome Oscillator that tells the price momentum, indicated amplified red histograms. Red histograms underneath the zero-line means bearish price action for the coin. Related Reading | Cardano (ADA) Real Volume Suggests Downtrend Is Far From Over Featured image from UnSplash, chart from TradingView.com

Crypto News

Drunk Robots Announces 4 Massive New Partnerships and a 5,000,000 $METAL Battle Prize Pool

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/ .