As contagion spreads, FTX loans out hundreds of millions to two of the largest yield-generating shops in the space. What does this mean for BlockFi and Voyager?
The problems with modern housing and urban planning are symptomatic of the high-time preference age in which we live.
Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum. Last week wasn’t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result, the week closed below $0.4255. Notably, the entire week had the token’s price steadily following a huge bearish trend, declining to $0.4018 before climbing back to $0.4123 and terminating there for the week. Notably, most indicators have been engrossed in the oversold zone, implying the possibility of a temporary uptrend. However, the token’s price must create a higher low and higher high to validate this momentum reversal. This also means that the bulls must push XRP’s price up to $0.65 before it can create form a bullish trend. What Are The Odds? Due to the massive decline, one can only expect the XRP token to record a bullish momentum, or bullish mean reversal, temporarily. On the other hand, we can expect it to be short-term, given the present market structure. The technical oscillator’s value shows that the token tested the all-time-low (ATL) in the hourly, daily, and weekly charts. Related Reading | More Stress For El Salvador As Bitcoin Dips To $29,000 It’s also worthy to note that the token’s price is still trading below the 50-day & 100-day Exponential Moving Average (EMA). Thus, a rejuvenated buying pressure would force the price to reach the 50-day Exponential Moving Average before testing the psychological $0.50 mark. On the other hand, a decline in the bearish momentum would cause the coin to continue in a steady decline or downtrend. Should XRP break below the current session’s low value, it’d test Friday’s low at $0.40. Technical Indicators Moving Average Convergence Divergence: The MACD trades underneath the midline with steadily growing bullish momentum. Relative Strength Index: The RSI hovers close to the average line, having no stated directional bias. A Brief On Ripple? Ripple is an innovative crypto project that functions very interestingly as a cryptocurrency and a payment gateway. Created by the Ripple Labs, the Ripple crypto project enables users to facilitate payments, cryptocurrency lending, and other financial platforms. While Ripple enables worldwide payments, the XRP token allows users to swap between cryptocurrencies. Related Reading | Exchange Inflows Rock Bitcoin, Ethereum As Market Struggles To Recover Notably, Ripple was established in 2012 by Chris Larsen together with Jed McCaleb. Four years after then, the company purchased BitLicense from New York State to increase the integrity of its XRP token. However, following the global cryptocurrency crackdown, Ripple dropped by over 21% and struggled within that zone for a long time. Featured image from Pexels, chart from TradingView.com
The cryptocurrency market has stabilised a little after a difficult start to the week. At $1.84 trillion, its total cap has inched up by 0.4% […]
LBank continues to deliver great projects for its users. This week’s intriguing new listings and a recap of last week’s listings are presented by LBank Exchange, giving consumers more information to better comprehend these unique prospects. New Listings on LBank Exchange Scheduled this week starting on 28th March. Project: STN Listing date: 28th March, 2022. […]
Ray Youssef, the CEO of bitcoin exchange Paxful, is traveling the world to enable global entrepreneurs with the power of peer-to-peer collaboration.
Play-to-earn games like Axie Infinity exploded in popularity during the COVID-19 pandemic, giving thousands of video games enthusiasts in low-income countries like the Philippines a chance to earn a living. The rise of P2E was a godsend for many, because in the Philippines its gross domestic product declined 9.6% in 2020, its biggest drop in more than 70 years, according to a study by IHS Markit. With so many Filipinos finding themselves out of work, thousands flocked to P2E games. Axie Infinity’s team reported in March 2020 that more than 29,000 new players from the Philippines signed up to the game, out of 70,000 new sign-ups worldwide in the same month. Those players were signing up because Axie Infinity, and other P2E games offer them a chance to earn a viable income simply from playing and completing achievements. What’s more, Axie’s community provided a solution to the requirement that players purchase an NFT before they can start playing, offering scholarships to new players in return for a slice of their income. P2E’s rapid growth in low-income countries has been well documented, but the real breakthrough for the industry will only come when it manages to tap the traditional community of video game players who’re not motivated primarily by earnings. That means catering to the 66% of gamers that Statista says primarily play games to unwind and decompress. Unlike NFT-based games, traditional video games offer a much wider genre of titles, with ultra-realistic graphics and rich storylines. Immersive sandbox games such as Grand Theft Auto give gamers a way to completely escape from reality and become totally immersed in a new world, where they can put their own mundane lives on hold to become the hero in an engaging story. The biggest P2E games don’t do this – to put it bluntly, the gameplay in Axie Infinity is about as dull as it gets, and until the industry does something about this, conventional gamers who play for fun are unlikely to want to get in on it. Top-Tier P2E Games Are On The Way The winning combination is to have both P2E elements, a low barrier to entry, and an exhilarating and enjoyable gameplay experience. Thankful, developers of some of the most promising up-and-coming P2E titles seem to be aware of this. Take Battle Drones, a soon-to-be-released game on the Solana blockchain, which is a 3D isometric shooter game that bears similarities with classic titles such as Call of Duty and Fortnite. Video game purists will be eager to hear that Battle Drones’ developers have built the game using Unreal Engine, a popular and widely-used game engine developed by Epic Games. Using Unreal Engine, developers can create massive virtual worlds with incredibly rich graphics and smooth motion, meaning an altogether different level of realism than is possible with today’s P2E games. With Battle Drones, the developers plan to launch with a player-vs-environment mode called Onslaught where players will be able to win rewards such as BATTLE tokens and drone parts. There’ll be a community leaderboard too, so players can chart their progress and fight for recognition among their peers. In future, Battle Drones will add additional game modes such as Co-op, multiplayer, tower defense and even a drone racing mode to enhance the experience for players. Players will be able to customize their drone NFTs with various parts they can purchase from the Drones Bones Store or win by beating their opponents and completing challenges. The team also has ambitions to launch regular player-vs-player Battle Royale contests, where numerous players will get together and battle it out. A second promising title that’s aiming to turn the P2E dynamic on its head is Plutonians, a forthcoming MMORPG Metaverse space strategy game that will have elements of strategy RPG, shooter action, multiplayer PvE, and social alternate reality games. Plutonians is built using a combination of Unreal Engine 5 and WebXR and will take place in an enormous metaverse that’s accessible through multiple screens including augmented reality, virtual reality, web and mobile. It will be a space trading adventure game in the mold of the classic game Elite, where players have the freedom to become a space pirate and spend their time looting other vessels they come across. Alternatively, they can take a more diplomatic approach, trading with others at the nearest spaceport cantina. Players will need to seek items including increasingly elaborate and more powerful spaceships, weapons and technology, while traversing through the immense Plutonians universe to explore new worlds and opportunities. What Does This Mean For Guilds? New titles such as Battle Drones and Plutonians promise to open up the world of P2E games to a much broader audience of gamers that care first and foremost about gameplay alone. The ability to earn a living will merely become a bonus for gamers seeking an escape from the grind of their daily lives, but one that’s potent enough that it could well become the norm, with P2E aspects eventually incorporated into most new video game releases. With that, it becomes harder to predict which P2E games will have staying power, something that could have big implications for gaming guilds such as Yield Guild Games, Crypto Gaming Guild, and Avocado Guild to name a few. Guilds play a vital role in the P2E economy, giving players without the financial means access to the NFTs they need to start playing. Yield Guild Games and its rivals have amassed vast collections of NFTs that they rent to scholars in exchange for a slice of their income, but it’s a model with inherent risks – if a game loses popularity, those NFTs will quickly lose their value, to the detriment of the guild that’s invested in them. As P2E shifts its focus onto gameplay and newer, more exciting games constantly enter the fray, we’ll likely see a shift in guild’s strategies. One guild, Balthazar, is already doing this. Balthazar is a decentralized autonomous organization, similar to other guilds, but its business model is very different. Rather than buy NFTs, it rents tokens from individuals before loaning them to its most promising “wizards”. Balthazar sees itself as the “Airbnb” of P2E gaming guilds, its chief executive John Stefanidis told Stockhead in a recent interview. “We want to stay as asset-light as possible,” he said, explaining that it’s impossible to predict which P2E games will endure. Balthazar has a second model in the works with Balthazar Buy, a soon-to-be-launched marketplace aimed at investors. Balthazar will recommend promising NFTs for investors to buy, and then when they purchase those tokens, it will rent them from investors and loan them to its wizards. It makes sense because Balthazar is well-placed to identify the highest-yield NFTs, Stefanidis told Stockhead. The way the P2E game industry is headed, it will only be a matter of time until the space is saturated with dozens of top-tier games that are not just fun to play, but also boast massive communities, on the level of Dota, Counterstrike and GTA. Maybe even Battle Drones and Plutonians will one day enjoy the same level of recognition. Meanwhile, progressive guilds such as Balthazar will be well placed to profit from it, giving anyone who wants to join in the action an opportunity to do just that. Image: Pixabay
A popular crypto analyst says the fundamentals of one mid-cap Ethereum competitor remain well-intact despite the project’s recent price pullback. Pseudonymous Coin Bureau host, Guy, tells his 1.98 million YouTube subscribers that Fantom (FTM) “still has lots of fuel left in the tank” despite a price crash coinciding with the departure of renowned decentralized finance […]
The post One Ethereum Competitor Has ‘Lots of Fuel Left in the Tank’, According to Coin Bureau appeared first on The Daily Hodl.
Key Takeaways Crypto app installations increase 279% following Super Bowl ads. The crypto market has been sliding downwards, however. On-chain data still remains bullish as active new entities have been increasing. The cash crypto companies splashed out on advertising in the Super Bowl has been paying off. New data shows that week-over-week installs of crypto […]
Ariva Wonderland is set to begin alpha testing of its metaverse game. The metaverse focuses on the travel universe, providing users with novel experiences. It differentiates itself from other metaverse projects by offering users a complete second life. It features travel, interaction, business, earning, ownership, time travel, and more. The team has completed the first […]
Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between. Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of 2021, has recently rebranded to “Meta”, showing its commitment to this new space. According to an official announcement, rebranding was necessary because the company is shifting its focus to bring the metaverse to life. Footwear and apparel giant Nike is also preparing for the metaverse and has signified interest in creating its own space, as well as Adidas, another powerhouse brand. The metaverse will transform many aspects of life by improving interpersonal interactions, establishing communities, and helping businesses grow. The climate required to create and operate a successful business will also change considerably. Firstly, the metaverse will allow businesses, regardless of size, to establish digital stores for their goods and services. A significant advantage of these capabilities for the average company is that opening a physical store is no longer necessary. This could significantly reduce overhead costs without having to sacrifice customer reach. In a virtual world, a company can tap into wider audiences beyond the physical boundaries imposed in a real-life setting. There are also multiple metaverse use cases for the entertainment sector. For example, entertainment brands could use metaverse locations to preview music to excite virtual fans, holding mega concerts to listeners around the world. Furthermore, fans may also get the chance to meet and interact with their favorite celebrities, an opportunity rarely possible in the real world. Additionally, people can gather for leisure activities in virtual parks to play or bond over shared interests and ideas. These locations could replicate attractions available in the real world, engaging all different types of users in the process. For instance, people can build teams based on varying activities, including everything from traveling, virtual combat, or playing chess. The metaverse will offer a slew of new opportunities for individuals and brands alike. One of the less obvious but very promising advantages of the metaverse is the opportunity to capitalize on virtual real estate. Regardless of sector or industry, the shift to the metaverse still requires individuals and businesses to establish a presence on the metaverse; this is where virtual real estate comes in and plays its part. All metaverse offerings, including commerce, healthcare, entertainment, and other sectors, must set up shop somewhere in the metaverse to reach their desired base. Individuals can also invest in virtual properties for various reasons, In parallel to the traditional real estate market, Investors can earn profit by purchasing properties and leasing them to businesses and other franchises. Investors can also simply buy virtual properties, hold them into the future, and later flip them for a potential profit. With 500 million dollars sold just in real estate in the metaverse, last year projections state that it will double this year! The key to making the best out of a real estate investment is getting in early. As with everything else, early buyers catch on quicker and are in a better position to make a profit if and when the value increases. Investors are able to pick their property at floor price in a strategic approach that will allow the potential for a larger profit as well as an easier sale just as investors do in the traditional real estate setting. Users looking to get into digital real estate in the metaverse can start their virtual portfolio and begin with Ethereum Towers. Ethereum Towers Ethereum Towers is a community-centric vertical megastructure set in the Ethereum Worlds metaverse. Consisting of 4,388 separate apartments, Ethereum Worlds is a major player in the space available to investors interested in taking an early chunk of the metaverse real estate market as it grows. The apartments in the structure are in two identical towers, each with 101 stories. Each apartment is an NFT on the Ethereum network and is available as an ERC-721 token. All owners in the Ethereum Towers can use their apartments however they please. Each owner can personalize their space how they wish, giving them full autonomy over their digital real estate asset. For this, the Ethereum Towers offers a marketplace with a wide range of accessories, furnishings, and ornaments that owners can purchase and set as preferred. Since each apartment is available on the Ethereum blockchain as an NFT, ownership is guaranteed and easily verifiable. Due to the deliberate design, Ethereum Towers apartment owners and guests can explore the social benefits of a large community with similar interests. All residents partake in a virtual social experience supported by meaningful interpersonal interactions. Each tower possesses communal areas where owners can meet and interact, regardless of any preconceived boundaries that would limit interaction in the physical world. Through these interactions, users can build a strong sense of belonging and establish friendships along the way. Perhaps the most significant advantage to Ethereum Towers is the investment opportunity it offers. In the metaverse, unlike in the real world, digital property assets usually have a much lower entry barrier, making it much easier for interested investors to get involved before the masses. The value of the apartments are projected to increase over time as meta living becomes more popular, providing early adopters a chance to capitalize on being first movers. Getting In Early Investors that have been able to identify ideas that dramatically impact the functionality of the future have always prospered. Those who understand the impact and utility around the metaverse too will have a major headstart within the benefits that this realm will offer. With Facebook being one of the largest and most successful companies taking action to rebrand itself as “Meta,” this should give investors a clear idea that a new significant era is on the horizon.