Ethereum Price Prediction: Is A $2000 Level Breakout ... - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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The free-to-play Web3 trading card game Gods Unchained has launched a new permanent game mode called Sealed Mode, where players will build a deck from a randomized pool of cards to triumph over each other. The idea is similar to that of FIFA Ultimate Teams Draft mode. Decentralized social media (DeSo) application Stars Arena has caused a major uptick in activity on Avalanche’s C-Chain network.As network activity increased, so did the price of the network’s native AVAX (AVAX) token, which has gained more than 8% in the last 24 hours.Launched in late September, the Friend.tech-inspired Stars Arena has seen the total number of daily transactions on the Avalanche C-Chain — the blockchain component specifically designed for running smart contracts on Avalanche — grow by more than 186% over the past two days.Total Avalanche C-Chain network activity spiking 186% from Oct. 1. Source: Snowtrace.ioThe Stars Arena application has grown rapidly as well, with more than 10,000 unique active wallets on the platform. Over the course of the past two days, the platform has witnessed more than $3.26 million in total trading volume and a little over 462,000 transactions, according to data from DappRadar.Stars Arena has grown rapidly since its launch in late September. Source: DappRadarMeanwhile, data from DefiLlama shows that the platform has exceeded $1 million in total value locked (TVL). This, however, still pales in comparison to Friend.tech, which commands some $44.27 million in TVL.Like Friend.tech, Star Arena lets users link their X (Twitter) accounts to the platform. Users then use the AVAX token to purchase “tickets” of other users, with a small cut of fees being paid to the platform itself and the users when tickets are bought and sold.While purchasing a user’s ticket provides users with access to a private chat, unlike Friend.tech, Stars Arena features a public feed, so users can follow others without needing to front up large sums of money.Related: Decentralized social networks have a retention problem, say execsPseudonymous X user Wale.swoosh described Stars Arena as “superior to Friend.tech in a lot of ways,” with its public feed feature allowing users to be more social than they would on the Base-based DeSo app.I've capitulated in creating a Stars Arena account after seeing it all over my timeline.Won't shill my own ref link, but a few thoughts:Stars Arena is superior to Friendtech in a lot of ways and solves one of the main problems I had with FT.There is a public feed, so people… pic.twitter.com/S9KzPp3hqC— wale.swoosh (@waleswoosh) October 4, 2023 Ethereum Price Prediction: Is A $2000 Level Breakout ...On-chain data shows Ethereum whales have sold around 12 million in the cryptocurrency within the past year and have shown no signs of slowing down. LLMs will also be crucial to solving another of DeFi’s biggest challenges: regulatory compliance.

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According to the data, the number of weekly transactions worth over 100 thousand dollars on the XRP Ledger network dropped below 4,000. Source: Adobe/James ThewAnimoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced plans to launch a metaverse ecosystem token on the Bitcoin (BTC) network. In a recent press release, the company said the token will be developed through the Ordinals protocol by Darewise Entertainment, a subsidiary of Animoca Brands.Darewise Entertainment, also known as Life Beyond Studios, aims to establish a metaverse ecosystem centered around Bitcoin Ordinals. This protocol allows users to record NFT-like assets on the blockchain and create BRC-20 tokens on the Bitcoin network. The studio's vision for the metaverse includes immersive gaming experiences, brand integrations, real-world connections, and more. Their upcoming game, Life Beyond, will be among the first to incorporate the newly introduced Bitcoin-based metaverse token for in-game assets and virtual lands.While Life Beyond has previously released gaming NFTs on the Polygon scaling network, this venture marks its foray into the Bitcoin ecosystem.The token will serve as the primary currency within Life Beyond, facilitating transactions involving in-game assets and virtual lands."With the advent of the Ordinals protocol, we're witnessing a pivotal moment for Bitcoin as it extends its reach and introduces the concept of culture," Yat Siu, co-founder and executive chairman of Animoca Brands, said in a comment. "High-quality gaming is one of the keys to mass adoption, and we're thrilled that our AAA studio Darewise Entertainment is working on this untapped opportunity in partnership with Horizen Labs, a pioneer and expert in its field."Benjamin Charbit, CEO of Darewise Entertainment, also emphasized the need to actively build and explore new possibilities for Bitcoin Ordinals. Darewise Entertainment to Collaborate with Horizen Labs To bring the Bitcoin token to fruition, Darewise Entertainment will collaborate with Horizen Labs, a company known for its expertise in smart contract development and token strategies.Horizen Labs previously contributed to the creation of ApeCoin (APE), an Ethereum-based token associated with the popular Bored Ape Yacht Club NFT project. Darewise Entertainment will receive technical and consultation support from Horizen Labs, leveraging their expertise in zero-knowledge cryptography. "We look forward to working with the excellent Life Beyond team and bringing our expertise to this important technological innovation within the space," Robert Viglione, CEO of Horizen Labs, said.Meanwhile, there are still some challenges ahead of the initiative, including demonstrating the viability and scalability of a Bitcoin gaming ecosystem.However, Vincent Marty, Chief Product Officer at Darewise Entertainment, said they are committed to testing Bitcoin's potential in a rapidly evolving digital landscape and promised forthcoming technological advancements that will impact not only Life Beyond but also metaverses and games on a global scale.Anomica's new NFT venture comes as luxury brands are increasingly turning to NFTs to ensure the legitimacy of products. As reported, Prada Group, the parent company of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products.Likewise, Italian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. NFT Fantasy Soccer Games Coming to US and Canada Courtesy of LaLiga and GameOn Thomson Reuters moves forex derivatives to DublinGoing by the looks of it, one can assume that Axie Infinity is literally on a spree to bring innovation to the market, with its players at the center of the stage.WAGMI Games Takes Center Stage in Crypto’s First Reality TV Show ‘The Next Crypto Gem’ Source: Benjamin Cowen/YouTube

In an Oct. 8 post on X, Certik, a security-focused ranking platform, reported an exit scam on zkFlex Finance after charts show a 100% in the project’s value. However, recent trends suggest that its upward trajectory might be under threat. Since February 2023, Ethereum whales, typically large holders with significant influence on market movements, have been consistently cashing in on the elevated prices. Their actions have led to the offloading or redistribution of over 5 million ETH, translating to an approximate value of $8.5 billion. N26 launches new cryptocurrency trading product, ...Web2 is centralized, which means application delivery, cloud services, and platform are governed and operated by centralized authorities. Whereas Web3 is decentralized, wherein edge computing, peer-to-peer, and distributed consensus increasingly become the norm in Web3. The letter, sent as Bankman-Fried’s trial enters its second week, seeks carve-outs from a judge who’s previously proved reluctant to let the crypto tycoon blame the alleged fraud on his lawyers.

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