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Trendy crypto gaming platforms like Moshnake, Decentraland, and Axie Infinity offer Rewards

Trendy crypto gaming platforms like Moshnake, Decentraland, and Axie Infinity offer Rewards

The blockchain gaming ecosystem is rapidly growing, with breakthroughs occurring daily in the play-to-earn, NFTs, and DeFi markets. The “play-to-earn” approach used by the GameFi ecosystem, which involves offering players financial incentives to play games, has completely changed the gaming landscape. Decentraland (MANA) and Axie Infinity (AXS) have been at the forefront of this new […]

Altcoins Analysis Bitcoin Blockchain

Watching Out For Big Eyes Coin, Tron, and Chiliz In The Cryptocurrency Space

Staking Ripple, Tron, Big Eyes Coin To Earn Huge Passive Income

Due to its benefits in transmitting coffers efficiently and investments, cryptocurrency is becoming more mainstream. Three new coins offer different functions for consumers and businesses alike, making them an exciting new field in blockchain development. If you are interested in learning more about these three coins, this article is for you. What Should You Know […]

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Chiliz (CHZ) Could Be Set For A Hot Streak With This Data

Chiliz (CHZ) is a blockchain technology company that aims to tokenize the sports and entertainment space. CHZ displaying enormous traction and uptick despite a bearish market Chiliz partners with giant sports organizations and teams CHZ price spikes by 6.21% as of press time Chiliz has ramped up on major developments and partnerships with giant sports organizations and teams all over the world. According to CoinMarketCap, CHZ’s price has soared by 6.21% or trading at $0.2161 as of this writing. Related Reading: XRP Sluggish In Last 7 Days As Ripple Vs. SEC Case Drags On CHZ Collaborates With Sports Clubs CHZ has shown a massive price spike last month following Chiliz’s partnership with FC Barcelona, a well-famed Spanish football club. The token was seen to climb by 73% on August 18, showcasing a four-month high. This recent price spike anchored the token to outperform major cryptos like Bitcoin and Ethereum. Basically, Chiliz is an open platform that allows a variety of sports organizations to mint limited tradeable fan tokens that provide their fans exclusive membership benefits and perks, access to NFTs, voting rights, and merchandise rewards. Chiliz has expanded its network with football clubs and organizations including FC Barcelona, Paris-Saint Germain, Manchester City, and Atlético de Madrid. Sports teams partner up with Chiliz for brand awareness and marketing plus also provide fans with modern and immersive experiences. CHZ Joining The Ranks Of Top Performing Crypto Chiliz is currently the 47th largest crypto in terms of market cap at $1,293 billion as of this writing. CHZ has currently joined the bandwagon of the top-performing cryptos over the weekend. So far, the coin was able to spike by 9.2% in the past 24 hours. This might be a minimal spike compared to the performance of other coins but at this point, the performance of CHZ is extraordinary considering the bearish market. CHZ recently announced on September 15 their plans to roll out a new fan token which has encouraged more investors to buy and trade the coin. Technical factors also contributed to CHZ’s uptrend. The crypto has been extremely bearish as it experienced a correction dropping from $0.24 to hitting a weekly low of $0.164. The RSI of CHZ is shooting above 50 implying a strong buying pressure. The performance of Chiliz the past week is comparably lower in comparison to the previous key support zone retested a week earlier. Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data CHZ total market cap at $1.4 billion on the daily chart | Source: TradingView.com Featured image from DailyCoin, Chart: TradingView.com (The analysis represents the author’s personal views and should not be construed as investment advice).

Altcoins

Coinbase Adds Native Token of Ethereum-Based NFT Gaming Project to Its Listing Roadmap

Top US crypto exchange Coinbase is including another token to its listing roadmap, adding Illuvium (ILV) to its roadmap. On Thursday, Coinbase added ILV, the utility and governance token of Illuvium, an open-world fantasy battle game built on the Ethereum (ETH) blockchain. Illuvium is part walkthrough adventure and part player versus player battle, and ILV […]

The post Coinbase Adds Native Token of Ethereum-Based NFT Gaming Project to Its Listing Roadmap appeared first on The Daily Hodl.

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Solana Creator Anatoly Yakovenko Reveals His End Goal for Top Ethereum Rival

The co-creator of Solana (SOL) is revealing his end goal for the high-throughput blockchain and major Ethereum (ETH) rival. In a new interview with Scott Melker, Anatoly Yakovenko says that he hopes the Solana blockchain’s speed will help it become the benchmark system for all global financial data, eliminating market inefficiencies. “This is like my […]

The post Solana Creator Anatoly Yakovenko Reveals His End Goal for Top Ethereum Rival appeared first on The Daily Hodl.

Altcoins Analysis Bitcoin Blockchain

Kulfi Finance Debuts Governance Token and Launches a Fixed Rate Lending Protocol on Cardano

Kulfi Finance Debuts Governance Token and Launches a Fixed Rate Lending Protocol on Cardano

Decentralized lending technology Kulfi Finance launched on Cardano blockchain. Kulfi V1 will enable fixed-rate/term lending and borrowing on Cardano. The release provides DeFi primitives to the DeFi network, marking a milestone in the Cardano blockchain. This will allow users to lend and borrow crypto assets with assurance. Kulfi smart contracts will ease the process and […]

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Indian FM Sitharaman To Discuss Crypto Regulation With IMF Chief

Nirmala Sitharaman, finance minister of India discussed the significance of crypto regulation with the managing director of the International Monetary Fund (IMF) Kristalina Georgieva. India has long focussed on the need for regulation along with global coordination with a mutually agreed approach to this issue. Sitharaman also mentioned that the IMF should take lead in terms […]

Crypto News

Two Months before World Cup, Fan Tokens Soar on MEXC Exchange

Fan tokens of leading football clubs in Europe are ripping higher and outperforming the broader cryptocurrency market, according to details on September 5, 2022. Per statistics, fan tokens like $LAZIO, the fan token of Lazio football club in Italy, and $PSG of the Ligue 1 giant Paris Saint Germain, are defying gravity and have been posting double-digit gains in the last few trading sessions. Notably, $LAZIO dominates the leaderboard, surging approximately 50 percent in the previous trading week alone. Considering fundamental factors and rising confidence by market analysts that the crypto winter might be coming to an end after nine grueling months, the fan token rally could just be getting started. The pump in fan tokens’ valuation coincides with the resumption of the 2022/23 session in most top European leagues. These coins are purposefully designed to strengthen the ties between fans and the team. Partnering clubs are permitted to mint them on the dedicated Proof-of-Authority (POA) Chiliz network. This way, fans can, at any time, purchase these tokens allowing them to participate in voting where they can decide on the color of their team’s jersey, friendly matches, or even win prizes. It is a well-thought idea that Socios, the team behind the Chiliz Network, first implemented and continues to revolutionize fan engagement, even presenting opportunities for traders on MEXC Global and other top exchanges. In 2020, MEXC Global, a top cryptocurrency exchange with over seven million clients worldwide, began listing fan tokens. $LAZIO is one of the over 15 fan tokens available for trading on the exchange. As of September 5, 2022, $LAZIO was paired with the world’s most liquid stablecoin, USDT, allowing a quick way for traders to acquire the token in the secondary markets. Other fan tokens listed on the exchange include ACM, ALPINE, ASR, and POR. Besides boosting the liquidity of fan tokens and creating a convenient way for fans or investors to get exposure to their clubs’ tokens, MEXC Global is at the forefront of driving their respective liquidity. Subsequently, these tokens become easier to trade, even for young fans. Considering how popular these tokens have been, MEXC Global has been evolving to meet the demand of its clients. They have launched the Fan Zone for fan token traders. At the same time, MEXC Global allows the trading of leveraged ETFs of fan tokens. The derivatives product is a quick way for users to trade with leverage, quickly and safely. Like other leveraged ETF tokens available on the liquid platform, their pricing is unique. They are issued off-chain, meaning the high Gas fees on Ethereum can be avoided, a relief for traders.