Altcoins

The Future Is Very Bright for This Ethereum-Based DeFi Ecosystem, Says Host of InvestAnswers

A popular crypto analyst is comparing a decentralized crypto exchange (DEX) to traditional finance (TradFi) marketplaces in an effort to calculate its real-world value. The anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that he wants to see how the decentralized finance (DeFi) platform Uniswap (UNI) stacks up against two mainstream stock markets as […]

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Crypto News

Polkadot (DOT) Grinds 15% Higher Amid Sustained Buying

There’s no stopping Polkadot (DOT) price as it continues to locomote up. It’s the second consecutive day of winning streak for Polkadot as it spiked by 15% in gains.   According to CoinMarketCap, Polkadot (DOT) price is currently up by 5.92% or at $8.02. It currently has a total market cap of 7,916,976,700 as of this writing. DOT price has experienced sustained and robust buying pressure after touching on lows on Tuesday at $6.52. The coin has successfully bounced back from the $6.50 support line. Can DOT Spike To $8.50? The coin has recovered steadily as seen in the past two sessions and has also generated heightened massive investor interest and price hike. A breach above the $8.00 level would reinforce gains for DOT. Looking at the daily chart, DOT price has been experiencing resistance close to the sloping line that stretches from $9.5.But, the downside is seen close to the $6.25 zone. Breaking through the resistance level of $8.05 requires strong buying pressure. Polkadot price is looking extremely volatile and continues to be unpredictable in terms of price movement. Meanwhile, the bulls are trying to jab the price pushing it further the descending trend line. As DOT/USD nears the 50-day EMA or Exponential Moving Average, the price could potentially shoot for $8.50.  Additionally, RSI has also traversed the average line and could jump higher. RSI is currently at 56. With the hourly time frame, DOT price hints more gains or higher than 15% from yesterday’s $6.73. After retesting at $7.93, DOT price has retraced and swerved way up with the current session’s high. This implies that buying pressure is close to the lower zone. Bulls In Command, Conquer Mode The histogram bars seem to plunge with the MACD indicator revealing a downward bullish trend. RSI is showing positive or is neutral and neither bearish nor bullish. DOT is definitely looking optimistic when perceived on a higher time frame. However, on the lower time frame, it still shows negative in perspective. So, it would be wise to hold your horses and await validation before pushing through more aggressive bids. DOT price shows that the bulls have been manning its price since September this year. The market has witnessed slopes or combinations of higher highs and higher lows, which implies that the bulls have the upper hand too on DOT price. DOT prices were previously seen to be merging in the $6.42 and $7.2 range. DOT’s RSI is above 50 which strongly indicate that the coin is bullish. On the other hand, if Polkadot prices plunge to $6.61 and under, this would hint that the bears were able to take over the market. It seems the bulls are in command and conquer position. Polkadot is set to continue with its bullish momentum as triggered by an overall positive market sentiment. DOT total market cap at $7.8 billion on the daily chart | Source: TradingView.com Featured image from VOI.id, chart from TradingView.com

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Why P2E Games Are Rallying

Why P2E Games Are Rallying

Play-to-Earn (P2E) is transforming the gaming industry, setting new benchmarks for video games, and creates a level playing field for players. Moreover, it is providing players with asset ownership and incentives, making their playing time more valuable. Axie Infinity, for example, is the most popular P2E game redefining game experience with NFTs and crypto. This […]

Altcoins Analysis Bitcoin Blockchain

Game Of Silks Raises $2M To Bring The Thoroughbred Horse Racing Industry To The Metaverse

Game Of Silks Raises $2M To Bring The Thoroughbred Horse Racing Industry To The Metaverse

Derivative play-to-earn metaverse ‘Game of Silks‘, which parallels the real world of thoroughbred horse racing, revealed today that it has raised $2 million in its funding round and aims to gain substantial additional funding in the coming months through public sales of its NFTs. Silks intend to offer thoroughbred racehorse ownership to the masses by […]

Bitcoin

Game of Silks Raises $2 Million To Bring Thoroughbred Racehorses Onto The Blockchain

Game of Silks, the first-ever play-to-earn (P2E) metaverse featuring derivative NFTs (non-fungible tokens), has announced the successful completion of its fundraising campaign. According to the official statement, the team behind this highly anticipated blockchain game has raised $2 million, which will accelerate the development of its metaverse that reflects a virtual replica of the real-world […]