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GAIMIN: Boosting AI and Web3 Gaming To Unlock The Power of Gamers
3 days ago
Crypto
ETH
Virtua(TVK)

$0.05

-4.22%

Market Cap
56.08m
 

-4.22%

Volume (24h)
27.86m
 

77.28%

Released on 16 Dec 2020
Crypto
ETH
Gala(GALA)

$0.02

2.21%

Market Cap
609.75m
 

2.21%

Volume (24h)
29.91m
 

6.63%

Released on 16 Sep 2020
换个角度看世界0
换个角度看世界0
followers

If you want to make money in altcoins, you must choose the right place, follow hot spots, follow strong bankers, and follow the trend! Some important currencies in the three popular sectors of this bull market: the second-layer ecological sector of the pie, the chain gaming sector, and the AI ​​sector Classification of various currencies in the AI ​​sector: 1. OpenAI founder investment: WLD: Worldcoin is a Crypto project founded by OpenAI founder Sam Altman. The price of WLD currency rose, reaching new highs all the way. ARKM: Arkham is an intelligent platform that provides information about the real-world entities and individuals behind crypto market activity. 2.AI video: RNDR, LPT, VRA RNDR: Render Network is a GPU computing network that allows users to use their RNDR tokens in exchange for additional computing power for rendering scenes in the cloud. LPT: Livepeer is a decentralized video streaming network that enables developers to build video streaming applications and produces a solution that can serve as the real-time media layer in the decentralized development (web3) stack. VRA: Verasity is a decentralized platform for content creators and viewers, aiming to create a fair and transparent system for them to tokenize their works and earn rewards for watching content. 3. Old AI hype: NMR, FET, AGI, OCEAN NMR: Numerai is a new hedge fund built by a network of data scientists using artificial intelligence technology. FET: Fetch.ai is a blockchain platform based on artificial intelligence and machine learning that allows anyone to share or trade data. AGIX: SingularityNET is a decentralized artificial intelligence platform and market. OCEAN: Ocean Protocol is a tool for the web3 data economy, providing developers with tools to build data markets, manage data NFTs and DeFi data tokens. 4.AI application: NFP, AI, XAI NFP: NFPrompt is an AI-driven UGC platform. AI: Sleepless AI is an AI-based virtual companion game that leverages AIGC and LLM to create rich story-based gameplay and organically developed interactions with characters. XAI: Xai is a permissionless Orbit Chain, bringing an innovative, game-centric layer 3 to the gaming industry. 5. Artificial Intelligence X Oracle: GRT, RLC GRT: The Graph is a decentralized protocol for indexing and querying blockchain data. Anyone can build and publish an open API called a subgraph, making on-chain data easy to query. RLC: iExec is a decentralized computing asset market based on blockchain. iExec Marketplace connects resource providers with resource users, allowing anyone to leverage or rent computing power, data sets and applications. 6. Domestic AI sector currencies: CTXC, MDT, IQ, RSS3 CTXC: Cortex is an open source public blockchain that seeks to solve one of the biggest challenges faced by blockchains like Bitcoin and Ethereum today – on-chain AI execution. MDT: The MDT ecosystem aims to provide data rewards to individual users while accelerating the adoption of blockchain in daily life through various innovations. IQ: IQ is the world's largest blockchain and cryptocurrency encyclopedia, with thousands of wikis on all topics and branches of knowledge in the crypto space. RSS3: RSS3 is the Web3 open information layer that builds open information for social, search, and artificial intelligence.

3 days ago
TopCryptoNews
TopCryptoNews
followers

There have been many exciting developments in the crypto market since the start of 2024, and many cryptocurrencies have been making major moves, with perhaps the biggest star of the most recent period being Ethereum (ETH) as it reclaimed $3,000 for the first time in almost full two years. Indeed, nearly every week has brought some action that could have helped savvy crypto traders multiply their investments, and late February is no different. In this context of high hopes that some milestones – long in the making, such as XRP’s expected surge to $2 – will be reached, but with risks of unexpected mishaps still high, Finbold decided to take a look at 3 cryptocurrencies well-positioned to help investors $100 into $1,000 as soon as next week. Bitcoin (BTC) As the world’s foremost cryptocurrency, Bitcoin (BTC) has again taken the lead in the most recent rallies. BTC made headlines twice in the initial weeks of the year, first due to the approval of nine spot Bitcoin exchange-traded funds (ETFs) and then as the leader of a $100 billion wipe that happened as the crypto market was adjusting to the newborn nine. The cryptocurrency has since experienced a major surge. At approximately $52,000, it is again eyeing a surge toward its previous all-time highs – though it remains uncertain if Bitcoin will be struck by a major correction and a major buying opportunity before it restarts a bull run. Finally, in approximately two months, BTC is likely to skyrocket as its newest halving event – an event that historically helped Bitcoin surge tenfold and, sometimes, hundredfold – is expected to take place. Bitcoin price chart Since 2024 started, Bitcoin has offered a fairly strong performance – barring the decline in the weeks immediately following the ETF approvals. Year-to-date (YTD), BTC is up 17.19%. This trend is present in the more recent period as Bitcoin climbed 30.98% over the last 30 days, and the previous 24 hours of trading, however, saw it decline 0.17% to $51,763.60. Bitcoin technical analysis The technical analysis (TA) for Bitcoin, retrieved from TradingView on February 22, reveals that BTC is likely to continue rising as its overall rating stands at “buy.” Additionally, moving averages reveal that BTC is, at press time, particularly strong as they rate it a “strong buy,” though oscillators are neutral. Solana (SOL) Solana’s (SOL) recent performance has been drawing a lot of attention – and with good reason, given that it, in a matter of months, rose from about $20 to above $100. It has also recently seen a surge in network activity, and the meme coins on its blockchain have also been increasingly popular. Even the Solana mobile team achieved success and sold out the inaugural Saga smartphone – largely due to a strange arbitrage opportunity offered by the presence of BONK tokens on each phone – and is now working on a new model. Perhaps the most striking statistic showcasing Solana’s strength is the fact that its transaction volume surged above $1 trillion in January – meaning it had achieved a multi-year high in the first month of 2024. Solana price chart While undergoing a downtrend in January – along with much of the crypto market – Solana is, overall, 5.38% in the green YTD. Its more recent performance has also been fairly strong 21.23% up in the last 30 days, and it rose 2.55% on the latest day of trading. At press time, the price of SOL is $106.17. Solana technical analysis The technical analysis for Solana reveals that the token is likely to continue with its strong performance in the coming days and weeks. Overall, technicals provided by TradingView rate it as a buy, with oscillators being overall neutral but moving averages ranking it as a “strong buy.” Avalanche (AVAX) Recent months featured significant milestones for Avalanche (AVAX) as it not only saw its price surge in the Q4 2023 crypto market rally but also entered into multiple beneficial partnerships, with those with BLRD, a Web3 gaming company and Amazon’s (NASDAQ: AMZN) AWS cloud services arguably being the most important. Avalanche is also currently in a high-risk, high-reward situation as its most recent trend has been one of decline and February 21 saw it wipe as much as $1 billion in a single day. Avalanche price chart Indeed, unlike Bitcoin’s and Solana’s, Avalanche’s 2024 volatility led it to decline 2.49% between January 1, and February 22. Despite this, and despite last week’s downtrend, AVAX is up 20.47% in the previous 30 days and the most recent 24 hours of trading saw it rise 1.25% to $37.60. AVAX technical analysis Looking ahead, Avalanche’s technicals show that the token is likely to rise in price, especially given that the major unlocking event – a big contributor to its recent downtrend – has passed on February 21. Overall, TradingView’s analysis rates it a “buy,” with oscillators being neutral but moving averages reading “strong buy.” It is worth noting, however, that there is significantly more deviation for AVAX technicals depending on the exact time frame chosen that is the case with BTC and SOL as, while its weekly performance rates it as “buy,” the daily and monthly data leans more toward a neutral ranking. $AVAX $SOL $BTC #AVAX #BTC‬ #SOL #Write2Earn

3 days ago
Crypto Expert BNB
Crypto Expert BNB
followers

$MANTA $SOL $BNB 🔮 In the beginning of 2024, what are the four hidden gems that cryptocurrency would have? Here's a glimpse into their potential: 🔥1. Dymension (DYM) 🔄 Through the acquisition of listings on major cryptocurrency exchanges, Dymension (DYM) has rapidly increased its market capitalization, therefore consolidating its position in the cryptocurrency industry. Its revolutionary rollapp creation function and recent mainnet launch have garnered attention and praise. With the mainnet operational, Dymension aims to provide developers with the ability to construct scalable and decentralized apps seamlessly. Analysts foresee significant growth for Dymension (DYM) as it continues to gain momentum and execute creative solutions. 🔥2. Ondo (ONDO) 🌏 Ondo (ONDO) has expanded its footprint and market reach, notably through its relationship with Coinbase and strategic development into the Asia Pacific area. Despite regulatory hurdles in new markets, Ondo's forward-thinking strategy and alliances set the path for further expansion and success. 🔥3. XAI (XAI) 🎮 Xai (XAI) stands out in the cryptocurrency market for its unique focus on gaming and seamless integration with the Arbitrum layer-2 platform. Analysts project strong growth potential for Xai, although it faces challenges such as competition and regulatory concerns. However, these obstacles present opportunities for Xai to distinguish itself and establish long-term success. 🔥4. MANTA (MANTA) 🌀 Following the successful launch of Manta Network (MANTA), interest in the project has surged. Manta Network's novel modular Web3 infrastructure solutions simplify the process of developing and launching decentralized apps (dApps). With a focus on user acquisition and developer assistance, Manta Network is poised for sustainable growth and scal in the decentralized banking and Web3 apps space. These hidden gems showcase the potential for innovation and growth within the cryptocurrency landscape in 2024 and beyond. 🚀💎 #Write2Earn #TrendingTopic #BTC #ETH

4 days ago
Crypto
Market Cap
70.81m
 

1.43%

Volume (24h)
12.50m
 

451.49%

Released on 16 Dec 2020
Cryptoo Man
Cryptoo Man
followers

Missed $TAO before 10x? Missed $NMT before 100x? AI is the future, and it's taking over now. Invest $100 in AI tokens today = $10,000 later Check out the list of AI Projects with 10-100x potential 👇🧵 @LayerAIorg - $LAI ($GPT on Bybit) LayerAI is the ZK Layer-2 blockchain that powers the AI revolution and lets you own the monetization of your AI data. $LAI token is the first of its kind multi-value gas token. Beyond gas function, $LAI stakers can validate the network and unlock discounts across a variety of ecosystem products. $LAI ❖ Price: $0.023 ❖ Market Cap: $4.22M @NetmindAi - $NMT NetMind Power is a platform for Machine Learning and AI training, fine-tuning, and inference aimed at democratizing AI computing power. $NMT is the native utility token of the NetMind Power ecosystem. $NMT ❖ Price: $3.49 ❖ Market Cap: $374.75M @autonolas - $OLAS Autonolas provides a unified platform for services such as automation, oracles, and co-owned AI. This AI platform operates and requires little to no input from humans by design - enabling true autonomy. $OLAS token is used for Oracles, Liquidity, Profit-Sharing, Staking, and Governance. $OLAS ❖ Price: $5.26 ❖ Market Cap: $259M @SleeplessAI_Lab - $AI Sleepless AI is building a Web3 gaming platform that blends AI with blockchain technology. $AI token is used for in-game item purchases and as the governance token in the SleeplessAI ecosystem. $AI ❖ Price: $1.77 ❖ Market Cap: $230.2M @zignaly - $ZIG Zignaly is a marketplace where over 500,000+ users connect with 150+ Top Traders hand-picked by AI. $ZIG is a DAO governance token for Zignaly, and income from ZigDAO is received in $ZIG tokens. $ZIG ❖ Price: $0.07 ❖ Market Cap: $100.6M @OpSecCloud - $OPSEC OpSec Cloud is an AI cloud computing platform for building, maintaining, and operating blockchain technology, ensuring security and privacy. $OPSEC token will be used in OpSec Ecosystem, including OpSecCloud Bot, OpSecure Mesh, OpSec Cloudverse, and DeepSec AI. $OPSEC ❖ Price: $0.57 ❖ Market Cap: $57.68M @AITProtocol - $AIT AIT Protocol is the world's first AI data infrastructure, placing significant emphasis on data annotation and AI model training. $AIT is the native and governance token of the AIT Protocol ecosystem. It's used for paying subscription fees, data processing, AI rental, and Launchpad. $AIT ❖ Price: $0.79 ❖ Market Cap: $40.08M @oraichain - $ORAI Oraichain is the world's first AI-powered blockchain oracle and ecosystem. They focus on building an advanced AI Layer 1 for the Data Economy and Oracle services — a foundation for smart contracts and dApps. $ORAI secures and powers the decentralized oracle network of validators within the Oraichain ecosystem. $ORAI ❖ Price: $8.66 ❖ Market Cap: $134.5M Like and Follow for more useful content $AI $BTC #InvestmentStrategies #tokens #TrendingTopic #Write2Earn

3 days ago
Ronin Network
Ronin Network
followers

Sponsored gas transactions can become a powerful onboarding tool for users who are still learning the ropes in Web3 gaming. Learn about the program here. 🔗: https://t.co/Ag5pYiCATc

9 days ago
Coinpedia
Coinpedia
followers

The post Next Crypto to Hit $1 in 2024: Our 4 Top Picks appeared first on Coinpedia Fintech News The cryptocurrency sector is preparing for a significant rally in 2024, anticipated to be a pivotal year for digital currencies. Industry specialists are keenly observing the SEC’s approval of Bitcoin Exchange-Traded Funds (ETFs), coinciding with the Bitcoin Halving event. Experts have forecast that Bitcoin could surpass the $100,000 mark within the year.  Key Insights: Bull run prediction in the crypto market in 2024. Symbols of the $1 mark. Top 4 cryptocurrency picks. $PIKA’s GameFi potential. Shiba Inu’s journey to $1. Cardano and Dogecoin current market values. In the event of another bull run in the crypto market similar to the one seen in 2021, we can expect significant excitement. During this time, many tokens will experience substantial price increases, resembling the rapid ascent of fireworks on New Year’s Eve. Hitting the $1 mark in cryptocurrency is significant for both investors and enthusiasts. It symbolises the potential for a cryptocurrency to have a significant impact and change the industry. As we enter into the world of digital currency, the question on everyone’s mind is: which cryptocurrency will be the next to reach $1 in 2024? Let us now explore the top 4 cryptocurrencies that are currently performing well and are predicted to experience major growth in 2024. Top 4 Crypto Under $1 That Will Explode The excitement surrounding discovering the next crypto to hit $1 isn’t solely about luck or guesswork; it’s about grasping the ins and outs of market trends and technological progress.  In the fast-paced world of cryptocurrency, opportunities for substantial gains are always present due to the rapid changes. This constant flux makes the search for the next cryptocurrency to reach a value of $1 particularly enticing. Pikamoon ($PIKA) In the growing GameFi industry, proactive investors are on the lookout for promising opportunities in blockchain gaming. This search for potential gems involves identifying crypto tokens valued under $1 with the potential for substantial growth and impressive returns. New gaming tokens like PIKA, the native token of Web3 game Pikamoon, are gaining considerable interest. PIKA isn’t just an ordinary digital token– it’s the backbone of Pikamoon, a cutting-edge 3D Play-to-Earn (P2E) Web3 game that’s set to revolutionise the gaming landscape. And with the 2024 bull run on the horizon, PIKA, the rising star of GameFi tokens, is gearing up to blaze its own trail of success, following in the footsteps of other GameFi giants. With a humble token price of just $0.0006 during its ongoing Presale (which, per its website’s countdown, will end in April), the token will launch with a promising market cap of $10 million, therefore offering great scope for growth. In turn, Pikamoon then holds promise to become the next Axie Infinity – and then some. With PIKA being listed on centralized crypto exchanges, accessibility and investor confidence are expected to increase significantly. Investors will be able to easily purchase and secure PIKA tokens using popular ETH wallets such as MetaMask or Ledger, which will also contribute to Pikamoon’s liquidity and expansion. With the 2024 bull run looming large, the future has never looked brighter for projects like Pikamoon. Early investors are primed to seize the moment and dive headfirst into the exhilarating world of crypto gaming, where Pikamoon’s AAA gaming concept and abundant earning opportunities shine like beacons of promise. Pikamoon is a platform that combines gaming and decentralized finance, providing opportunities to make your dreams come true in the crypto world. If you are looking for a chance to join this exciting adventure, Pikamoon is the place for you. Shiba Inu ( $SHIB ) After more than doubling in 2023, it seems like the cryptocurrency market has finally thawed from the harsh crypto winter. With renewed optimism and the possibility of a bull market on the horizon, it’s time to take a closer look at one of the standout performers from the last crypto boom: Shiba Inu (SHIB). Back in 2021, when almost every cryptocurrency was skyrocketing, Shiba Inu burst onto the scene and stole the spotlight. With an astonishing growth of over 28,000,000%, this meme coin now sits as the 19th most valuable cryptocurrency globally. And its next big target? Hitting that coveted $1 mark. But can it pull it off? Cryptocurrency prices are influenced by various factors, but there’s no one-size-fits-all formula for predicting them. Generally, the value of a cryptocurrency tends to rise with demand, often driven by the innovative ways people can use the currency. Surprisingly, they’ve made some significant headway. Today, Shiba Inu holders have more options than ever, with the token being used for things like yield farming, buying and selling non-fungible tokens (NFTs), and various applications within the decentralised finance (DeFi) ecosystem.  And there are even plans in the works to launch a Shiba Inu-based metaverse – talk about ambitious! But let’s not forget about speculation – it’s a big player in the crypto game. During the last bull market, Shiba Inu’s surge was largely fueled by speculation rather than any standout features or practical uses. However, things have been changing. Over the past couple of years, the developers behind Shiba Inu have been hard at work, aiming to enhance its utility. Their goal? To shift Shiba Inu away from its meme coin status and toward a more serious contender. Will Shiba Inu Coin Reach $1? Based on the current calculations, for Shiba Inu to hit the $1 mark by 2030, it would require an astronomical rally of more than 12,400,000% from its current token price. While there are potential catalysts that could ignite a strong bullish run for this meme cryptocurrency, achieving such an ambitious target price seems virtually impossible. In my view, the likelihood of Shiba Inu reaching $1 by 2030 is slim. The sheer volume of tokens in circulation presents a significant obstacle, and even with various use cases, it’s improbable to sustain such a high price. However, if there were a substantial burn of tokens, perhaps in the range of 95-99%, this could make the $1 target more attainable. Cardano ( $ADA ) Cardano, sometimes called the “Ethereum killer,” is a special type of blockchain. It runs on a system called proof-of-stake. The goal of Cardano is to help people who want to make positive changes in the world, like inventors and thinkers. The idea for Cardano came from Gerolamo Cardano, an Italian thinker. People started working on Cardano in 2017. The folks who made Cardano say it can do cool things. For example, it can help create apps and contracts that work without a central authority. They also say it’s designed to be flexible and easy to use. One big event for Cardano was when Charles Hoskinson said they would make a big change called the Alonzo hard fork in August 2021. After that, the price of Cardano went up a lot. Right now, one Cardano coin is worth about $0.58, and there are a lot of them out there. The total supply is 45 billion coins, but only about 34 billion are being used right now. DogeCoin ( $DOGE ) Dogecoin is a fun cryptocurrency that got its name from a popular internet meme featuring a cute Shiba Inu dog. The coin’s creators, Jackson Palmer and Billy Markus, made it as a lighthearted project inspired by the meme. It all started in December 2013 when Dogecoin split off from another cryptocurrency called Litecoin. Unlike Bitcoin, Dogecoin uses a different method called Scrypt technology for its mining process. This allows for faster and more accessible mining. Plus, since 2014, you can mine both Dogecoin and Litecoin at the same time. Right now, one Dogecoin is worth about $0.086, and there are a lot of them in circulation—over 132 billion! However, we don’t know the total number that will ever exist. Dogecoin’s popularity has grown a lot, and it’s become a favourite among many cryptocurrency fans for its friendly and humorous vibe. Finding the Hidden Gem! Discovering hidden gems requires both artistic flair and scientific precision. While there are many promising options in the crypto world for 2024, one stands out as a potential game-changer: $PIKA.  In the era of GameFi, where billion-dollar tokens reign supreme and GameFi projects are locking in billions, $PIKA emerges as a frontrunner.  With its innovative GameFi concept and the recent surge in GameFi’s popularity, $PIKA is set to explode onto the scene. Its integration with Pikamoon’s progressive 3D P2E game sets it apart, offering investors not just a token, but a ticket to the forefront of the gaming revolution. Additionally, it has scope to amass a $1+ billion market cap, as did the likes of Axie Infinity, The Sandbox, and Illuvium in 2021. As the crypto market continues to expand, driven by evolving regulations and increasing adoption, $PIKA represents an opportunity for savvy investors to capitalise on the next big thing. Whether you’re an expert  trader or new to the game, recognizing the potential of $PIKA is key. So, don’t overlook the obvious – seize the chance with $PIKA whilst it’s still at only $0.0006 during its Presale…because come April, the token will be listed and prices will become a lot steeper.  Next Crypto to Hit $1- FAQ What is GameFi and how does it differ from traditional gaming? GameFi refers to gaming platforms built on blockchain technology that offer players the ability to earn cryptocurrency while playing. Unlike traditional gaming, where players typically spend money on in-game purchases without the possibility of financial return, GameFi integrates decentralised finance (DeFi) elements, enabling players to earn rewards or even trade in-game assets for real-world value. What is Pikamoon and how does it utilize cryptocurrency? Pikamoon is a 3D Play-to-Earn (P2E) Web3 game that leverages blockchain technology and cryptocurrency. Players can earn its native PIKA token by participating in various in-game activities, such as completing quests, battling opponents, or owning virtual assets within the game. These tokens can then be traded on crypto exchanges or used within the Pikamoon ecosystem. Is Shiba Inu likely to reach $1 in value by 2024? While there is speculation surrounding the potential future value of Shiba Inu, reaching $1 by 2024 seems unlikely based on current market conditions and tokenomics. Factors such as the total supply of tokens in circulation and the utility of the coin will heavily influence its price trajectory. However, the cryptocurrency market is volatile and subject to rapid changes, so it’s essential to monitor developments closely. What distinguishes Cardano from other blockchain platforms like Ethereum? Cardano is often referred to as an “Ethereum killer” due to its unique features and design philosophy. Unlike Ethereum, which currently operates on a proof-of-work consensus mechanism, Cardano utilises a proof-of-stake system, offering increased scalability, energy efficiency, and security. Additionally, Cardano aims to provide a more accessible and flexible platform for building decentralised applications (dApps) and smart contracts. What makes Dogecoin popular despite its origins as a meme coin? Dogecoin’s popularity stems from its vibrant and welcoming community, as well as its association with internet culture and memes. Despite initially being created as a lighthearted project, Dogecoin has gained widespread acceptance as a legitimate cryptocurrency due to its fast transaction speeds, low fees, and ease of use. Additionally, its charitable initiatives and community-driven projects have further cemented its place in the crypto space.

4 days ago
The Cryptonomist
The Cryptonomist
followers

Polygon (MATIC) seems to be showing some negative performance compared to its crypto rivals. In the last 12 months, in fact, MATIC is down -32%, while other layer-2 coins rivals, such as IMX, OP and SKL are all up in price. Polygon (MATIC) and its negative performance compared to rival layer-2 cryptos According to what observed, it seems that Polygon (MATIC) is showing a rather negative price performance compared to its rival layer-2 cryptos. And indeed, the price chart of MATIC shows a dump of -32% in the last 12 months. At the time of writing, MATIC is worth $0.95, compared to $1.38 a year ago.  As is well known, Polygon is the layer-2 of Ethereum, known for its low costs and higher scalability compared to Ethereum’s main blockchain. However, some argue that the crypto MATIC was overvalued during the 2021 bull run and that these are the real results.  Not only that, compared to Polygon, there are also other layer-2 cryptos that seem to be experiencing price pumps in the last 12 months. An example is the cryptos IMX, OP, and SKL, which have increased by +216%, +46%, and +50% respectively. MATIC, which remains in 14th place for market capitalization, is not even following the general trend of cryptocurrencies anymore. In fact, the price of Bitcoin (BTC) is now up +108% compared to a year ago, and Ethereum (ETH) itself is up +75%.  Polygon (MATIC): the crypto loses market share and interest compared to its 2021 The loss of interest in Polygon by traders compared to the trend of 2021, could be based on the effect of the Ethereum Dencun update, scheduled for March 12th. This upgrade favors ZK-rollup technology, but will not allow Polygon to reduce costs, unlike the other L2 solutions Arbitrum and Optimism.  In this regard, Katie Talati, research director at the digital asset management company Arca, emphasized the reasons why Polygon is underperforming: The upcoming Ethereum Dencun update will reduce costs for Layer 2 to send data to the Ethereum mainnet. Although Polygon will benefit from the update, other L2s like Arbitrum and Optimism, which use optimistic rollups, will see more significant cost reductions, causing a rally in these L2s. Most of the costs for optimistic rollups come from forwarding transaction data to Ethereum (which is what Dencun will reduce), but they hardly publish fraud proofs. On the other hand, Zk rollups publish fraud proofs much more frequently and therefore would not see the benefits of reduced transaction data costs. The second reason for underperformance is that Ryan Wyatt, the former president of Polygon, left last year to become Head of Business Development at Optimism. Many believe Wyatt was responsible for Polygon’s major partnerships and his departure was a blow to Polygon’s growth efforts” Staying on the topic of competitors, for Kenny Hearn, chief investment officer of SwissOne Capital, MATIC is in dump also due to the emergence of Arbitrum (ARB), especially in DeFi trading.  Partnerships will continue even in 2024 Despite MATIC crypto not performing for over a year, Polygon Labs continues to forge new partnerships even in this 2024. Here are some.  At the beginning of the year, Polygon announced its collaboration with Fox Corporation to introduce Verify, an innovative multimedia platform based on blockchain. This is a solution that tracks multimedia content and facilitates the negotiation of licensing agreements with AI companies. Not only that, the famous crypto company Immutable launched at the end of January, a new ZkEVM network based on Polygon, which aims to be the only blockchain designed and developed for Web3 gaming. Even Friendzone, a promising social market, is getting ready to start its operations on the Polygon PoS blockchain from February 26th. In practice, here, Polygon will serve to build social apps. Friendzone has also announced its intention to expand its scope to Polygon zkEVM.

4 days ago
Crypto Daily™
Crypto Daily™
followers

Today's crypto market showed exceptional volatility, as Bitcoin was wavering in its attempt to solidify its position above the $52,000 threshold. Meanwhile, Ethereum briefly grazed the $3,000 mark, only to experience a minor setback. This uncertain dance of numbers led to a cautious approach from investors, who seem to be riding a short-term buying wave amidst an underlying bullish momentum. Adding to the intrigue, Ethereum's imminent mainnet launch of the 'Dencun' upgrade in March is drawing more attention than Bitcoin. This upgrade, tested meticulously on testnets, is expected to significantly smoothen the path for Ethereum's contribution to a promising Web3 future, thus creating a bubbling anticipation within the market. Amidst this whirlwind, other major players in the crypto space like Polygon (MATIC) and Cardano (ADA) were not immune to the market's fluctuations. MATIC recorded a minor dip of less than 1%, whereas ADA took a steeper plunge, dropping over 3%. This contributed to the overall crypto market cap slipping to $1.96 trillion. In contrast to these established coins, the emerging ScapesMania (MANIA) is stirring up its own wave of anticipation. Although its presale stage has concluded, the crypto community is eagerly awaiting its coming Token Generation Event (TGE) and DEX listing, expected to open doors for a broader spectrum of crypto investors to engage with MANIA. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Polygon (MATIC) Price Analysis Polygon (MATIC) recently displayed remarkable resilience in the face of market volatility, successfully reclaiming the psychologically significant $1 mark. This achievement came on the heels of a nearly month-long rally, during which MATIC initiated a robust recovery trendline. Polygon's (MATIC) journey began in late January with a bounce back from $0.722, exhibiting a V-shaped recovery that is often interpreted as a strong indication of buyer dominance. This momentum propelled MATIC's price by nearly 40% within a month, breaching the $1.01 mark and effectively surpassing both the $0.945 resistance and the 61.8% Fibonacci retracement level of the previous correction. Polygon (MATIC) Technical Outlook Technically, Polygon (MATIC) is currently positioned between the first support at $0.8784 and the first resistance at $1.0604, suggesting a delicate balance in market forces. Source: TradingView The Exponential Moving Averages (EMAs) indicate a positive trend, with the 10-day EMA at $0.9921 slightly above the 50-day EMA at $0.94, and both well above the 200-day EMA at $0.8651, reinforcing the bullish sentiment. The Commodity Channel Index (CCI) at 30.07 aligns with a burgeoning bullish scenario, and the MACD level at 0.0193, though modest, supports this view. The Relative Strength Index (RSI) at 51.95 is hovering around the midline, suggesting a neutral market sentiment. However, the Stochastic %K at 67.26 points to a slightly overbought condition, while the Average Directional Index (ADX) at 25.21 indicates a lack of strong trend. Polygon (MATIC) Price Forecast In the bullish scenario, if MATIC maintains its foothold above the newly established support-turned-resistance level of $0.9458, we could witness a further ascent towards $1.0604, and potentially challenge the higher resistances at $1.1212 and $1.3032. The key to this scenario lies in the sustenance of buyer momentum and Polygon's (MATIC) ability to withstand any negative spill-over effects from Bitcoin's movements. Conversely, in a bearish outcome, if MATIC succumbs to the selling pressure, particularly influenced by Bitcoin's performance, it might retest $0.8784. A breach below this level could see the coin drift towards the lower supports at $0.7572 and $0.5752, potentially erasing the gains accrued in the recent rally. Cardano (ADA) Price Analysis Recently, Cardano (ADA) was on a path to potentially reclaim its previous support levels above the $0.65 mark. Despite a sluggish recovery over the past month, ADA's bullish momentum remained underpinned by active participation. Analyst Ali Martinez, a well-known figure in the crypto market, drew parallels between Cardano's (ADA) current chart patterns and those observed during the 2020 pandemic-triggered crypto market crash. Martinez's analysis suggested that if ADA replicated this 2020 pattern entirely, it could enter a consolidation phase that would last until April 2024. Consolidation is a phase where the cryptocurrency stagnates between two levels as the market exhibits indecision about its long-term direction. Cardano (ADA) Technical Outlook From a technical standpoint, Cardano (ADA) is currently trading between its first support at $0.544 and first resistance at $0.662. Source: TradingView The EMAs for 10, 50, and 200 days are $0.611, $0.597, and $0.551 respectively, suggesting a tussle between short-term volatility and longer-term stability. The RSI at 41.2, combined with a low Stochastic %K of 16.5, points towards potential undervaluation, signaling room for an upward price movement. However, the CCI at -246.4 and a negative Momentum of -0.028 imply bearish pressures. The ADX at 26 indicates a lack of strong trend, aligning with Martinez's consolidation theory. Cardano (ADA) Price Forecast In a bullish scenario, if ADA's patterns align closely with those from 2020, there's a chance for a significant upward trend, potentially reaching the $0.704 and $0.812 price levels. In the long run, Cardano (ADA) can even hit the elusive $8 mark for the first time this year, as per Martinez's analysis. Conversely, the bearish outlook is fueled by the current negative market sentiment, as highlighted by on-chain data. The overall crypto market, including ADA, is experiencing a more negative crowd sentiment than historical averages, as reported by Santiment. In this case, Cardano (ADA) could experience a downturn, pushing it to retest the next defense lines at $0.488 and $0.38. Bottomline In today’s volatile crypto market, Polygon (MATIC) and Cardano (ADA) have each charted their unique courses.  MATIC, demonstrating resilience, recently rebounded impressively, surpassing key resistance levels and showcasing strong bullish indicators in its technical analysis. The path ahead for Polygon (MATIC), though optimistic, isn't without potential pitfalls as it navigates the ebb and flow of market forces and Bitcoin's influence.  Meanwhile, ADA, currently fluctuating between significant support and resistance levels, faces a critical juncture. Cardano's (ADA) journey could mirror its 2020 pattern, potentially entering a prolonged consolidation phase, yet there's still room for an upward trajectory if market sentiment shifts. As investors and traders weigh these analyses of MATIC and ADA, the crypto market continues its unpredictable move, with each coin carving out its destiny in this dynamic financial landscape. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

4 days ago

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