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Tag: Crypto

  • The Blockchain Gaming World – Vulcan Forged (PYR)

    The Blockchain Gaming World – Vulcan Forged (PYR)

    Cryptocurrency is on the rise with numerous amounts of crypto-focused developers believing that blockchain technology is the next step of evolution for humanity. One ingenious aspect of blockchain is molding smart contracts to create Non-Fungible Tokens (NFTs). NFTs open a new avenue for trading between investors and crypto-enthusiasts. Vulcan Forged (PYR) is a company that is working on this.

    Vulcan is one of those companies that started out with being a small digital art NFT platform. Now it is a multi-dApp platform, game studio, launchpad, and a top 5 volume NFT marketplace. Second, only to Walmart, they are the busiest client on the VeChain Network, moving from a few users to thousands with just under $3m in NFT trading volume.

    The chief aspect of Vulcan Forged (PYR) which they themselves proclaim to have is the ability to remove gas and crypto for game developers using their platform. It offers good incentives to new developers to come with their idea and turn it into a game. Community members have gone on to make their games with ground-up support, including Coddle Pets, Block Babies, and GeoCats. Currently, Vulcan can be said to be an established gaming studio, eco-system, and a top-tier NFT marketplace with 1000s of users, 10+ dApps, and $3m in trading volume.

    The Vulcan BVI Company (Vulcan Forged LTD) will be the token issuer to hold and then subsequently sell them through (PYR) Initial Liquidity Offering (ILO). Their main office is to be based in Singapore which is to provide the platform with the necessary marketing, community development, overseeing game development, and overall operations.

    The native token of Vulcan Forged is PYR. It is an ERC-20 based token. PYR is to the central transferrable unit in the case settlement medium, staking (for privileges), and gaming utilities. In case of a transaction through PYR, ten percent of it will be sent to a reward pool that shall be distributed among the ecosystem contributors.

    Price Movement – Vulcan Forged (PYR)

    At the time when this article is being written, the current value of PYR is $41.27. It has a trading volume of $97,128,944 with an increase of 75.62% over the past twenty-four hours. The total supply of the coin is 50 million out of which 18,997,700.00 PYR is in circulation. It must be said that PYR has made strides ever since the Facebook announcement of rebranding itself as “Meta”. The monthly value on the first of November was $14 from where it made a jump and has the current value it has at the moment. The prospects of the coin do look bright.

  • What do you need to know about Kadena (KDA) Coin

    What do you need to know about Kadena (KDA) Coin

    The best cryptocurrencies are the King (Bitcoin) and the Queen (Ethereum). Other coins are only following suit of the King and the Queen. But some coins want to break the barrier set by the royalty and establish their own through the market. Kadena (KDA) is an example of this.

    KDA is a hybrid blockchain; it incorporates the characteristics of public blockchain as well as private blockchains. For clarification of the readers, public blockchains encourage growth by not limiting the number of users and it is also open to everybody to take a stake in. Private blockchains on the other hand are limited to the access of blockchain and require the users to gain access before being able to access the network before utilizing it. However, hybrid blockchains are different from both of them. They are open to everybody but still employ features such as integrity, transparency, and security.

    While many believe cryptocurrency is going replace the finance market, or more particularly, the centralized aspect of the finance market, cryptocurrency still has a problem of energy. A lot of traditional sources of energy are harmful to the environment when they are burned to make energy. The energy generated would mostly be utilized in mining cryptocurrencies. New cryptocurrencies in the market are aware of this fact and therefore are trying to become a better option than Bitcoin and Ethereum by being environment friendly.

    The Proof-of-Stake versus Proof-of-work debate is central to the energy issue. The issue of scalability is also related to this. Kadena relies on the Proof-of-Work (POW) mechanism. It believes that is the future of the crypto market.  The issue of scalability still persists in the POW mechanism but Kadena’s (KDA) model claims to have solved the issue. Kadena plans to test out its claims soon, one of which the 100,000 Transactions per second (TPS).

    Current Price Movement – Kadena (KDA)

    At the time when this article is being put down into words, the current value of KDA, the native token Kadena, is $16.83. The 66th ranked coin has a trading volume of $56,476,566, an increase of 35.85% over the past twenty-four hours. The maximum supply of the coins is 1,000,000,000, out of which 158,266,841.46 KDA are in circulating supply. The previous month has been crazy for the coin as it has a monthly low of $5.69 and a monthly high of $28.25. It can mainly be attributed to Kadena joining the DeFi brigade, it launching NFT projects on its platform, and providing new exchange listing and staking opportunities.

  • Oasis Network (ROSE) – Where to Now?

    Oasis Network (ROSE) – Where to Now?

    ROSE being ranked at number 91st according to coinmarketcap data is being traded at around $0.395 at the moment. The coin has a decrease of almost 2.97% within the last 24 hours. The high within this the price reached was $0.443 and the low was marked at $0.3659.

    The coin has a trading volume of around $347,543,892 with a decrease of almost 26.41% in the last 24hours. The Circulating supply is now equal to 3.49B ROSE

    ROSE reached its all-time high this month on 21st November 2021. The price reached a value of $0.466. This month has been highly bullish for the coin and we have seen an increase of about 115%. The top exchanges for trading in ROSE are currently Binance, Mandala Exchange, KuCoin, gate.io, and coin tiger.

    Technical Analysis – Oasis Network (ROSE)

    ROSE was consolidating for a lot of time and then created an impulsive move that broke the structure. The market created equal highs which was the signal for the price to drop. Soon after the price reached the second equal high from where ROSE printed a bearish candle which dropped the price.

    This move resulted in the drop of the price to the daily order block which grabbed all the liquidity and the price moved upwards. It can be seen that the price goes through an AMD pattern but here the distribution occurred directly.

    ROSE - 1D

    Now the price has started to consolidate on the daily time frame. The presence of imbalance, daily order blocks is a confluence for the price to drop. There are two possible points which should be taken into consideration. The daily order block which lies just below which may be a point for the market to reverse. The second point of reversal is the equilibrium zone before the upward movement. If it reverses from around $0.30 then a possible long can be taken, so lower time frame confirmations should be taken into consideration to take entries.

    Price Prediction –  Oasis Network (ROSE)

    Oasis Network has very positive expectations from the price. According to the wallet investor, the price is expected to reach a value of $0.523 in a year. In 5 years, the price is expected to reach a level of $1.087. With the number of new partnerships, it can be expected that ROSE is going to be worth a lot more in the future.

  • Cosmos (ATOM) – Time to Retrace a Bit?

    Cosmos (ATOM) – Time to Retrace a Bit?

    The native token of the Cosmos Ecosystem is ATOM.

    At the time of writing ATOM is being traded at the price of $29.95. The price of ATOM has decreased by almost 7.62% in the past 24 hours. The maximum and minimum of the day are around $32.82 and $29.32. The daily trading volume has also decreased by almost 33.59% in one day. ATOM is listed on coinmarketcap at 33rd spot according to market capital and has a market dominance of about 0.26%. It created its all-time high in the month of September 2021 and reached a value of $44.80.

    ATOM has a total supply of around 282M tokens and has a circulating supply of around 225M coins. ATOM can be traded at a lot of different exchanges such as Binance, OKEx, Huobi with different trading pairs.

    Technical Analysis- Cosmos (ATOM)

    On the daily time frame, we can see how the price of Atom was reacting before the break of structure. It was clearly facing resistance from the trend line. Soon it broke above but it wasn’t for long before the price broke structure again after facing strong resistance from a zone. It nearly touched its time high but the price quickly dropped down.

    Cosmos (ATOM) -1D

    During the break of structure, the price of ATOM created an order block which resulted in the drop of the price. The price mitigated the order block again and as a result of the reaction it faced, it quickly dropped down again. Now the only unmitigated order block lies below which can drop the price down. If a clear break above is not observed and the price doesn’t go above the order block we can expect it to drop to a level of $20. From there we can expect a possible long to the price of $28.

    But if the price regains the momentum and captures the level again, we can expect the price to go and try to touch the $40’s again.

    Price Prediction – Cosmos (ATOM)

    ATOM is one of the most successful ecosystems in the market. Its market cap is evidence of how successful the project is and as a result, it is considered a good investment. According to the wallet investor, ATOM is expected to reach a value of $0.185 in one year. In five years ATOM is expected to reach almost $0.448. But investors think that the price will go much higher than the one which is expected.

  • THORChain (RUNE) – What to Expect from the Chart

    THORChain (RUNE) – What to Expect from the Chart

    According to coinmarketcap, the maximum supply of RUNE is around 461M RUNE and the circulating supply is around 258M RUNE. RUNE holds the 61st rank according to market cap and has the market dominance of 0.11%.

    At the time of writing RUNE is being traded at the price of $11.27 with an increase of almost 8.01% in the last 24 hours. RUNE is bullish for the long term. The maximum and minimum today are $11.97 and $10.39 respectively. The daily trading volume has also increased by almost 111.65%. RUNE had created its ATH in May 2021 and reached a price of almost $21.280. During the crash, the price of RUNE dropped down to a level of $3.010. The price is trying to regain its momentum and cross the all-time high but it can drop for some time.

    Technical Analysis – THORChain (RUNE)

    Even though we can see that Rune is going to drop but it doesn’t mean that the higher time frames (monthly and weekly) are showing the same. The price is quite bullish and we can expect it to go higher in the long run but currently, the price may retrace back a little.

    The price broke structure and started moving upwards and this was done with strong momentum. This did create an order block but was invalidated when the price created the second order block after it started to drop. It created a head and shoulder pattern which resulted in the price dropping down (this created the new order block). Now the price has broken structure. We can expect that it will move upwards to the order block and if a clean break is observed from this level, we can expect the price to move up again.

    ThorRune (RUNE) - 1D

    If the price shows any kind of reaction, we can expect that it would result in a drop to the unmitigated order block which was created by the first impulsive move. The presence of the inefficient price movement is also a confluence for the price to a dropdown.

    Price Prediction – THORChain (RUNE)

    In the long run, RUNE is a good opportunity. According to the wallet investor, the price of Rune is to reach a value of $11.531 in a year. For a five-year plan, the price will reach a value of $59.536. But the investors are even more bullish on the value and they think that it will reach even more.

  • What you need to know about GALA

    What you need to know about GALA

    While some may agree with the use of blockchain technology to become the future of finance and others may not, one must admit that the creativity of employing blockchain in video games is nothing short of genius. Although still in its nascent form, there are many companies already working towards the future of multiplayer gaming through the medium of blockchain. GALA is one of those companies.

    The vision of GALA games revolves around the enjoyment of the player. Their first priority is fun. They believe that the blockchain should be invisible in their games. They use simple game mechanics that can be enjoyed by all sorts of players, regardless of whether they consider themselves to be blockchain pros or not.

    The ownership of the game belongs to the players. What they mean by this is that the players in the truest of sense get to win their games. If a magical sword is earned through the effort of a player, that sword belongs to the player. Each such asset has a unique identity attached to it. It is a sort of a non-fungible token (NFT) that can be traded or sold.

    GALA games also claim to be the company of the people. Everything within the Gala Games Network depends on the player-owned Node Ecosystem. The Gala Network is supported by users through Gala Nodes. This attributes a lot of control within the games. Their aim, through this decentralization, is to truly give the ownership of the game to its users.

    Currently, two games are in the beta stage; Spider Tanks and Townstar. For TownStar, through a voting process, a Specific Node for the game was added in the Gala Games ecosystem. The Specific Nodes will serve as a new layer to the Gala Node Ecosystem.

    Price Movement – Gala (GALA)

    At the time when this article is being put down into words, the current value of GALA is $0.72 with a trading volume of a whopping $6,892,936,479 (this is 86.47% over the past twenty-four hours). Gaming tokens and NFT based cryptocurrencies have ventured quite well despite the market correction of BTC. Due to the rebranding of Facebook Inc to Meta, most of the gaming tokens seem to be exhibiting a trend independent of the price movement of Bitcoin. There are currently 6.98 Billion GALAs in supply with a total supply of 35,240,112,493. The 58th ranked coin is bound to soar in the future as well with the release of the rest of its game in development and the zero-knowledge layer layout of Ethereum.

  • What is BORA – The Entertainment Platform

    What is BORA – The Entertainment Platform

    There seems to be an upward trajectory of attention tokens over the past month or so. Attention tokens are those cryptocurrencies that incentivize users and content creators by awarding them their utility token for the time spent or used. Bora seems to be another one of those tokens that have taken the market by storm in a month. The central reason, in our estimation, seems to be well thought out plan and the subsequent migration of it on the Mainnet.

    Bora is a decentralized entertainment platform that distributes digital content on an incentive-based mechanism to its participants. While at first built on the Ethereum blockchain (ERC-20), it has exhibited duality as the token swap into the new BORA token (KCT, Klaytn Compatible Token) along with the Mainnet migration from Ethereum to Klaytn had been completed. This restricted the trade of BORA tokens to those that are only Klaytn-based.

    What Bora does is allow an ecosystem of dApps on its platform that can be efficiently is used in providing participants with the BORA token. This means a list of games available to be played on the network. This is sure to increase with time. Numbershoot is an example of one of these dApps games.

    The allocation of BORA tokens is both written and executed as smart contracts. 40 percent of the tokens were issued from the total to be sold for financing the development and service operations of the BORA Ecosystem. 20 percent was to be reserved for the further development, expansion, alliances, and investment budget for the BORA Ecosystem. 25 percent was to create initial incentive programs and to raise funds and support early partner development. While 15 percent was to be directly paid to teams and contributors.

    Current Price Movement – Bora

    At the time of writing, the current value of the BORA token is $1.35, a 17.29% increase over the past twenty-four hours. It has a trading volume of $930,267,304 with a 71.86% increase over the past twenty-four hours. The performance of the coin over the past month has been especially impressive where, when it shifted to Klayton, went from $0.33 on the first to its current value today. This is nearly a 400 percent increase in value. Bora has been audited by SlowMist and has been declared secure. The prospects of the coin look dim in the short run due to being a non-English coin. Wallet Investor predicts that the value of the token would be $1.309 by the end of the year but within 5 years’ time, the token is going to have a value of $2.371.

  • What is XinFin (XDC) Coin and How does it Work?

    What is XinFin (XDC) Coin and How does it Work?

    Each technology evolves based on what was built before it. The same goes for blockchain technology. It all started with the advent of Bitcoin in 2008. It aimed at revolutionizing digital finance as we know it. But it presented it had its problems such as the energy problem and the problem of scalability. Then, Ethereum, the Queen of the market came to resolve these issues for Bitcoin and became the attractive go-to alternative for Bitcoin. But Ethereum didn’t meet the problems properly and its innovation of smart contracts had its own issues with the smallest of transactions having its own high gas fees. This is where XDC tries to take a position.

    The XDC Network tries to build on Ethereum. It uses a Delegated Proof-of-Stake Consensus Network (XDPOS) that enables Hybrid Relay Bridges. This helps in lessening the amount of energy consumed for mining and for transactions undertaken. There is also instant block finality so that the transactions are efficiently done. This is to make XinFin’s Hybrid Architecture Developer user-friendly.

    XinFin also possesses the smart-contract feature. It has inherited this from Ethereum.  The smart contracts of Ethereum are done through oracles. But oracles come with some problems. XinFin (XDC) is trying to remedy this through the oracle platform Plugin that is based on “PLI”. PLI is a token created on the XinFin chain. It is done in order to decrease the GAS fees. The method employed by Plugin is to gather sources from different oracles that consolidated in order to reach an exact. The method results in a lesser number of problems (At the time of writing, PLI has a value of $0.5166).

    The ecosystem of XinFin is surely to increase as well with different coins signing up through smart contracts with it. Ecoin is an example of this. Ecoin is the first-ever AI fraud detection system. To put it in a language easier to understand, it is a program that results in easier crypto-onboarding and diminishes the chances of fraud.

    Price Movement – XinFin (XDC)

    At the time of writing this article, the value of XDC, the utility token of $0.09521 with a trading volume of $7,786,131 (a 130.01% increase over the past twenty-four hours). Although the coin is trying to pave its own way through the market and aiming for the crown, it is still an altcoin, dependent upon the value of Bitcoin. XDC is ranked at 97 and there doesn’t seem to be any prospects for a colossal increase in its trajectory of growth unless it quickly expands its ecosystem and actually demonstrates that its platform works better than other cryptocurrencies.

  • What you need to know about Fountain (FTN)

    What you need to know about Fountain (FTN)

    Every once in a while, you’ll see some cryptocurrencies displaying anomalous behavior. Being the superstitious species we are, the first thing that is coming to come to our minds is that maybe the market is being manipulated in that direction. And in cryptocurrency unregulated trading, that is true in half of the cases. The currency that is displaying weird behavior is Fountain (FTN).

    Fountainhead is a tech-advising company that wants to create a win-win environment for everyone involved within its content ecosystem. It is based on the proof-of-contribution system. In this system, a set of rules are made to set what will count as contribution rewards within the network. The technology of blockchain is used to record the contributions of all participants. This is in the form of tokens that are awarded to all the participants. The people are then motivated to engage more within the content ecosystem and contribute towards it.

    The background behind the vision of the company is that they have realized that community applications such as Twitter and Quora do not reward users with credits or tangible rewards. Fountain wants to affix a value to the time taken by users to view posts and vote on them and the creators for creating a post that is attracting attention towards the platform.

    Fountain (FTN) recognizes the need for a massive user base in order for its system to succeed. The ecology of a system needs to be constantly growing. Ethereum does not have the capability to support the growing ecology of a massive user base (Even Fountain says this, it is still built on the Ethereum blockchain. This is why Fountain has partnered up with China’s premium original content community “Jianshu”. In the course of many years of operation, “Jianshu” has accumulated a large number of active users and a large number of high-quality content, and has a vision that is highly compatible with Fountain.

    Price Movement – Fountain (FTN)

    At the time of writing, the value of the FTN coin, the utility coin of Fountain, is $35.70. It has had a trading volume of $1,328,514 with no change in it for the past twenty-four hours. This can mainly be attributed to the fact that China has imposed a ban on any sort of cryptocurrency trading. What is strange is the movement of the price of FTN. Just a week ago, on the 17th, the coin had a value of $0.0091, and suddenly on the 20th, the value of the coin soared to $46.53 dollars. The most plausible explanation seems to be the signing up CasperLabs with Fountainhead to develop a Jade NFT platform.

  • AMP Coin gains 20% – Where to Now?

    AMP Coin gains 20% – Where to Now?

    The coin had created its All-Time High in June 2021 and reached a price of almost $0.121 before falling down to a price of almost $0.0377 by losing more than 60% of its value. At the time of writing this article AMP is being traded at a price of $0.067. The price has almost increased by 20.82% today. In this month alone the price has increased by 37.09%.

    The Total volume at the moment is $159,022,651 with a decrease of $36.76 in the last 24 hours. The coin is listed on coinmarketcap on the 92nd spot and has a market dominance of about 0.05%.

    Technical Analysis

    Amp has been continuously printing higher highs. The price is respecting the trend line from where it has bounced from multiple occasions on the weekly time frame. Even on the monthly time frames, we can see very clearly how the price has respected the trend line and has continued to move upwards. We can see that the price wicked very high but it wasn’t able to sustain itself and fell down aggressively which created a higher low and didn’t break the structure of the price movement.

    Amp when dropped created a new order block. Seeing how the price this week has gained momentum, it can be said that it would tackle the order block again. A 50% mitigation of it can be expected by the price from where a possible reaction can be expected.

    Amp (AMP) - Weekly

    Overall the price is bullish on higher time frames. If the price reaches the order block then new confluences would show where the price can move then. If it holds then we can expect Amp to move higher. If it faces rejection we can expect the price to dropdown.

    Long Term Price Prediction – Amp

    Wallet Investor thinks that Amp is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year Amp will reach a value of $0.1035. In a five-year plan, the price is expected to reach a value of $0.313.