Monat: Dezember 2022

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Should I buy Metacade (MCADE) during the crypto market crash of 2022?

Crypto market crashes are full of prime buying opportunities. It’s often said that great projects are on sale, as 90% price reductions during the bear market mean you can buy a much bigger stack of tokens for the same initial investment cost.

Great projects never stop building, even during a crypto market crash. A project that looks set to do big things in the space is Metacade, and it’s only just getting started. If it’s still an unknown, then make sure to keep reading!

What is Metacade?

Metacade is a next-generation gaming platform that is being built on the Ethereum blockchain. Through leveraging the advanced smart contract functionality of Ethereum, Metacade can create a more secure and efficient experience for gamers from all over the world, as well as secure itself during a crypto market crash, with a stable audience.

MCADE is the platform’s native token. It’s used to power all blockchain transactions and is also used to provide crypto rewards to players while they enjoy a vast array of arcade-style games. The project is laying strong foundations during the 2022 crypto market crash, as it aims to become the single biggest arcade that you can find on the blockchain and will give gamers extensive opportunities to earn MCADE token rewards as a result.

The platform is committed to providing a fun and fair experience for all gamers and is community-driven at its core. Through building an advanced gaming hub on the blockchain, Metacade is helping to create a new era of gaming, where players are fully in control of their own data and can earn rewards while playing their favourite games.

More Games, More Rewards

By building the biggest arcade on the blockchain, players will be given more options than ever before. Metacade will be home to a seemingly endless list of arcade-style titles with some of the hottest names in the space for Metacade community members to enjoy.

With so much on offer, Metacade players will have unprecedented earning opportunities available after the market recovers from the recent crypto market crash. With the unique functionality being delivered in blockchain-based games, all players can earn while playing some amazing new titles. Metacade delivers this earning potential in a significant way.

Contribute-to-Earn

In addition to all the arcade games on offer at Metacade, the platform aims to become a hub for the crypto community to enjoy. Players can access the latest info for the best Play-to-Earn games in the space and connect with other blockchain gamers to share the latest insights.

Metacade connects players to the best opportunities and the most valuable alpha. Plus, users will earn MCADE token rewards for contributing insights to the community, which provides direct incentives for the community to grow and share the fun as they journey through the world of Play-to-Earn gaming.

Community-Governed

Metacade is committed to putting the needs of its players first and ensuring that their voices are heard, which is vital for finding stability during a crypto market crash. The Metacade community will have a direct say in how the project is governed and over time the project will become a decentralised autonomous organisation (DAO). This DAO will allow MCADE holders to influence the direction taken by the project.

DAO voters will also be able to influence the growth of the wider GameFi industry. Up-and-coming projects will submit proposals to the community, who will then get the chance to vote on which they think are the best. After deciding, the community will be able to provide funding through the Metagrants program, supporting development teams in their early stages.

GameFi set to grow

Over time, it is widely expected that blockchain-based games can revolutionise the wider gaming industry. They offer some unique features that are unmatched by traditional titles, with the foremost being integrated earning opportunities for players. This is important to investors also, who currently seek investments that can offer more robustness, even during a heavy crypto market crash.

The gaming industry is currently dominated by a handful of large companies such as Electronic Arts (EA) and Activision Blizzard (ATVI). These companies control the development and distribution of games, which gives them a lot of power over gamers.

Blockchain games are important because they provide a decentralised alternative to this current system, regardless of price action during a crypto market crash. By giving power back to gamers, projects like Metacade have the potential to flip the $100 billion gaming industry on its head and move a large chunk of operations on to the blockchain.

The user experience for decentralised applications (dApps) has been improving year-on-year, as blockchains themselves have been getting faster, cheaper, and more secure. Metacade, built on Ethereum, gains all the benefits from a continually expanding ecosystem, and offers a long list of benefits to its community. It can grow to a massive scale as a result.

Should you buy Metacade?

Projects that launched during the market crash of 2018-2020 saw some insane percentage increases with some rising 40,000% or even higher. Now, during the 2022 bear market, MCADE has just launched its presale event, which is the earliest investment opportunity available in crypto and a fantastically low barrier for those looking to put some skin back in the game after the recent crypto market crash.

For a project with such high potential, these opportunities are rare. Often, high-potential projects are kept under wraps and only offered to a small number of institutional investors. Metacade is doing things differently and is launching its token directly to the crypto community.

These kinds of opportunities do not come around very often. While there is always a risk involved when investing in digital assets, and no token is guaranteed against a crypto market crash, the MCADE presale offers huge upside potential with limited downside. At this point, you can buy MCADE at just $0.008 per token with this number set to rise during the presale to $0.02. For sure, it could be worth including in your portfolio over the coming months.

You can participate in the MCADE presale here.

The post Should I buy Metacade (MCADE) during the crypto market crash of 2022? appeared first on CoinJournal.

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Ethereum suppy: whales add 561,000 ETH in just two days

  • Ethereum’s large investors holding at least 100 ETH and up to 1 million ETH increased their overall bags by 2.1% in November.
  • Amid price fluctuations, sharks and whales scooped 561,000 ETH in two days between 5th and 6th December 2022.
  • These large investors now hold approximately two-thirds of Ethereum supply.

Large Ethereum investors have been busy these past few days, snapping up more Ether (ETH) amid the latest price downturn for cryptocurrencies.

According to recent data on ETH supply distribution, large addresses holding at least 100 ETH (sharks) and those holding up to 1 million ETH (whales), have aggressively added to their overall holdings. The cumulative holdings for sharks and whales increased by more than 2.1% in the 30 days to 6 December 2022.

Analytics firm Santiment indeed highlighted that the overall Ethereum supply held by the addresses with 100 to 1 million ETH jumped by 561,000 in just two days – between 5th and 6th December.

The cohort has now returned its cumulative bag holdings to pre-merge levels, according to Santiment. Overall, large ETH addresses now hold over two-thirds of the coin’s total supply of 122,373,876 ETH.

Negative funding rates eases

A report by crypto exchange Bitfinex showed that the aggressive accumulation by the large investors came despite ETH prices continuing to fluctuate below $1,300. The increased shark and whale activity has also eased negative funding rates, as noted in the Bitfinex Alpha Report.

While funding rates on Ethereum perpetual contracts remain negative, the report highlights that these have improved significantly month-to-date.

Selling pressure on ETH is also very low compared to other crypto large caps, and there’s no significant liquidation levels at current price levels. 

On-chain data suggests that Ethereum would have to plummet to $800 to trigger about $50 million in liquidations. Short sellers would have to push prices to around $650 to force $400 million in liquidations.

The post Ethereum suppy: whales add 561,000 ETH in just two days appeared first on CoinJournal.

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Bitcoin mining difficulty falls 7.3%, largest since July 2021

  • Bitcoin’s mining difficulty fell by 7.32% over the past two weeks, the largest negative adjustment in almost 18 months.
  • Mining difficulty adjusts every 2,016 blocks or roughly two weeks and depends on average block time (10 minutes) and hashrate.
  • Bitcoin’s next mining difficulty is expected to increase by 4.24%.

Bitcoin mining difficulty, a measure of how hard it is for miners to find and ‘mine’ a new block, fell by 7.32% last week.

The downward adjustment occurred at block height 766,080,  the largest negative adjustment in the metric since July 2021. As of 15 December 2022, and according to data on BTC.com, the last biggest downward adjustment occurred at block height 689,472 in July 2021 when difficulty fell by 27.94% . 

Incidentally, that negative adjustment is the largest in Bitcoin mining history and happened at a time when the crypto industry recorded a massive exodus of miners from China following the country’s crackdown on Bitcoin. Other huge downward adjustments occurred in May 2021, March and November 2020 and December 2018.

Next difficulty estimated to jump 4.24%

Mining difficulty is a metric that looks at the number of hashes or guesses a miner needs to make to arrive at the correct one and be able to mine BTC. It’s been increasing since Bitcoin’s inception and adjusts every two weeks, or after about 2,016 blocks – going up or down to keep the creation of new coins within the network’s average block time.

The current difficulty is 34.24 trillion and the next difficulty adjustment is expected to rise by 4.24% to an estimated 35.69 trillion.

How does mining difficulty work?

This is how difficulty works – it will adjust downwards if it takes less than 10 minutes to create a new block, or upwards if the average block time is above 10 minutes. 

Also critical to difficulty adjustment is Bitcoin’s hashrate, which is the total computing power of all the miners on the network. Hashrate increases with an increase in the number of miners dedicating their computing power to processing transactions and secure the network. 

The metric falls when miners decrease. In this case, the more miners join the network, the higher the difficulty adjusts and the more miners switch off their equipment, the lower the adjustment.

Bitcoin’s hashrate has increased slightly from 245.10 exahashes per second (EH/s) at the last difficulty adjustment, with on-chain data showing its currently at 257.04 EH/s. 

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