Die Web3 Foundation hat zwar noch keine offizielle Bestätigung, dennoch schlussfolgert das Krypto-Projekt, dass es sich bei der firmeneigenen Kryptowährung Polkadot (DOT) nicht um ein Wertpapier handelt.
Bitcoin-Dialog auf WEF muss offen sein — Davos 2023
„Es geht darum, sich von dem, was wir getan haben, inspirieren zu lassen.“ Luganos Plan B will den Dialog über die Bitcoin-Akzeptanz in Zukunft auf den WEF-Konferenzen stärker vorantreiben.
Polygon’s Gains Network DEX volume crosses $1.5B as Polygon price reclaims $1
- At press time, Polygon (MATIC) was trading at $1.09, up 8.93% in 24 hours.
- Gains Network DEX was initially released on Polygon before being deployed on Arbitrum.
- The Gains Network DEX has greatly contributed to the recent rising transactional activity on Polygon.
The price of Polygon (MATIC) has been steadily rising in recent weeks and it has regained the $1.0 level as the broader crypto market continues to recover.
In addition to Polygon just following the broader crypto market in the current bullish trend, there is an increased transaction activity on the network mainly because of the Decentralized exchange (DEX) Gains Network which was released on the network. The Gains Network DEX was later deployed on Arbitrum and its daily trading volume on Arbitrum has now crossed $230 million.
The Gains Network decentralized exchange
It is now barely a month since the Gains Network was deployed on the Arbitrum blockchain. The DEX allows crypto traders to trade various financial derivatives of various assets including crypto, US stocks, and indices using smart contracts. It also allows stakers to earn as much as 10% interest on their GNS tokens.
The DEX provides an opportunity for global traders who would otherwise not be able to trade US-listed instruments without relying on banks. The DEX has so far processed over $25 million in trading volume.
Earlier this week, the DEX started a trading contest with rewards totalling $100,000, which is likely the reason for the recent spike in trading volume.
Besides having a direct impact on the Polygon (MATIC) price, the increased activity on the Gains Network has also resulted in the GNS token price rising by more than 40% over the past week.
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Can Metacade Lead a Bear Market Rally?
After the madness of the 2021 bull run, the crypto winter really hit hard in 2022, with difficulty saying how long it will continue. Experienced investors know that while interest in crypto may be a little lower, bear markets are actually the perfect time to accumulate strong projects with utility in order to make the most of the next bull run. Even in bear market conditions, there are still gains to be made in a bear market rally.
Metacade is a new project that is widely regarded in investment groups as a top pick for success in 2023 and beyond, and with some incredible presale results pouring $3.9 million into the project in just 9 weeks, many are turning to the idea that Metacade just might be a project capable of leading a bear market rally.
What is Metacade?
Metacade is a revolution in Web3 gaming, and the project is well underway on its ambition to build the largest play-to-earn (P2E) arcade in the metaverse. The project has turned a lot of heads as a result of the comprehensive whitepaper released ahead of the presale, which details plans to build an extensive ecosystem of functionality around the P2E arcade, driving huge levels of engagement and shaking up gaming in the process.
By leveraging the most expansive set of gaming titles, the project is putting itself in pole position for some serious momentum to build in 2023. This is compounded by the positive impact of a number of other complementary features that make up the core of its ecosystem.
One key feature is a compelling and innovative rewards mechanism. Aside from earning rewards for playing games in the P2E arcade, users are able to benefit across different playing styles, competitive gaming ladders and tournament play.
Casual gamers can still earn an income by making valuable contributions to the platform. This could be through activities such as writing reviews of games or sharing useful alpha in order to reward users for helping improve the platform. This will become an effective driver for user growth, irrespective of whether the markets are experiencing a crypto winter.
How does Metacade work?
Metacade has a range of interlinking features, and in order to get the most out of the platform, the project has created a utility token. The MCADE token enables not only the rewards mechanisms but also serves as a medium of exchange across the platform. Activities like purchasing merchandise or entering tournaments are facilitated by the token, creating its inherent worth.
The utility of the Metacade token has been shaped in such a way as to be investor-friendly, including supporting a staking mechanism that MCADE holders can utilize. This provides an ideal set of investment circumstances for would-be investors. While the token value will inevitably increase over time, they can also earn a passive income in return for supporting the network.
This high level of token utility is just one reason why the project seems to be capable of leading a bear market rally, given that utility will drive a price increase through necessity, whether the crypto space is in the midst of a crypto winter or not.
Finally, the Metagrant initiative is a fascinating feature that is rightly drawing attention. It allows game developers to present their game plans to the Metacade community for a chance to receive funding. MCADE holders will be able to use their tokens to vote on which projects receive treasury funds, ensuring a top-quality gaming lineup as well as solid user retention through an extreme level of engagement.
Is Metacade a good investment?
The project developers have understood the need for long-term self-sufficiency, and as a result, a number of different revenue streams have already been outlined to help drive the project forward over time.
MCADE itself clearly demonstrates a high level of utility, and its price should be expected to rise in line with the adoption of the platform. Given that so many of the project’s features are designed to create positive cycles of engagement, it’s no surprise that MCADE has been well-received and has enough potential to drive a bear market rally all on its own.
You can participate in the MCADE presale here.
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Crypto price predictions: Solana, Theta Network, HOOK
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Solana price has formed a triple-top pattern and a head and shoulders.
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Theta Network has moved above the cup and handle pattern.
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Hooked Protocol’s HOOK has surged above its all-time high.
Cryptocurrency prices moved sideways this week as the US dollar index continued its downward trend. Bitcoin rose above $23,000 for the first time in months while the total market cap of all cryptocurrencies rose to over $1 trillion. In this report, we will provide predictions for some of the top cryptocurrencies, including Solana, Theta Network, and Hooked Protocol.
Solana price prediction
Solana (SOL/USD) price has made a spectacular comeback as investors raise their bets that the blockchain will recover amid FTX woes. It has also been helped by the surge of NFTs traded in the ecosystem, as we wrote here. As such, Solana price soared to a high of $26.53, the highest point since FX imploded.
However, the 4H chart is sending a warning about the coin. A closer look shows that it has formed what looks like a triple-top pattern whose neckline is at $20.48. This pattern also has a close resemblance to a head and shoulders pattern. The two patterns are some of the most bearish patterns in the industry.
Therefore, there is a likelihood that Solana will have a bearish breakout in the coming days as sellers target the neckline of the two patterns at $20. This price is about 15% below the current level. It is also slightly below the 23.6% Fibonacci Retracement level.
How to buy Solana
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Theta Network price prediction
Theta Network and TFUEL prices jumped sharply as investors cheered the recent launch of Theta EdgeStore. EdgeStore is a new component of the Theta Edge Node software that is run by thousands of people around the world. Once fully launched, the platform will make it possible for people to store their documents and files in a decentralized manner. Some of the files that will be stored in it are NFTs, video, software packages, and metaverse projects among others.
Turning to the 4H chart, we see that the THETA price has been in a strong bullish trend in the past few weeks. It managed to cross the important resistance level at $0.9821, the highest level on November 27. This was an important price since it was the upper side of the cup and handle pattern that formed. Therefore, by measuring the distance of the upper and lower sides of the cup, we can show that Theta price has more upside.
THETA/USD chart by TradingView
How to buy Theta Network
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Hooked Protocol price prediction
HOOK price has been in a spectacular rally in the past few weeks because of the remarkable popularity of Wild Cash. It rose to an all-time high this week, bringing the year-to-date gains to over 200%. The coin has moved above all moving averages and the previous all-time high of $3.40. Therefore, using the trend-following approach, the coin will likely continue rising as buyers target the important resistance point at $4.
How to buy Hooked Protocol
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