OKB price dips: OKX to cease operations in Canada

  • OKX will cease operation in Canada in June 2023.
  • The exchange has already sent an off-boarding message sent to Canadian OKX users.
  • Canadians will not be able to open new OKX accounts starting on March 24, 2023.

The price of OKB, the native token of the OKX crypto exchange has dipped by almost 6% after the crypto exchange revealed that it will be ceasing operations in Canada in three months’ time.

At press time, the OKB token was trading at $46.01 after a 5.89% drop in the past 24 hours. The token has been on a sharp decline since Saturday, March 18, 2023, dropping from a high of $51.42 to its current price.

OKX to cease operations in Canada

A communication made today by OKX has indicated that the crypto exchange will cease operation in Canada on June 22, 2023.

OKX made the communication via emails to their Canadian users. The email states that the exchange “will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST.”

OKX cited new regulations for the decision to withdraw from the country. Existing Canadian customers must close open positions in perpetual, futures options, and margins by June 22, 2023.  The customers must also withdraw their Fiat and token deposits by the same date.

The exchange stated:

“Your funds will remain safe in your account until you withdraw them. You will be able to withdraw dollars to your linked bank account and cryptocurrency to your self-custody wallet or your cryptocurrency account on another exchange.”

OKX however says that the move to exit the Canadian market is temporary as it works with regulators to solve the issue. OKX wrote saying: “We hope to see you again in the future. Stay tuned.”

OKX is not the first crypto exchange to exit Canada. Bittrex Global off-boarded Canadian users on July 29, 2022, after a similar advance notice citing regulatory issues.

Canadian crypto regulations

On February 22, 2023, the Canadian Securities Administrators (CSA) published a notice requiring cryptocurrency exchanges to sign new, legally-binding agreements while they await registration with the regulatory. The agreement prohibits “buying or depositing Value Referenced Crypto Assets (commonly referred to as stablecoins) through crypto contracts without the prior written consent of the CSA” among many other items.

All cryptocurrency exchanges must register with Canadian regulators before onboarding Canadian users. KuCoin and Bybit were fined in June last year for allegedly operating in the country without cooperating with the requirement.

The post OKB price dips: OKX to cease operations in Canada appeared first on CoinJournal.

The 13 Best Gaming Coins to Invest in – 2023

Crypto gaming coins are some of the most sought-after investment opportunities in Web3, and for good reason. The GameFi sector is a fast-growing industry that has the potential to revolutionize traditional gaming forever.

For anyone seeking the best gaming tokens to buy right now, here are 13 of the most promising investments available now:

  • Metacade (MCADE)
  • DApp Rader (DAPR)
  • Axie Infinity (AXS)
  • Enjin Coin (ENJ)
  • STEPN (GMT)
  • Star Atlas (ATLAS)
  • The Sandbox (SAND)
  • ApeCoin (APE)
  • Upland (UPX)
  • Gala Games (GALA)
  • Decentraland (MANA)
  • AltSignals (ASI)
  • Illuvium (ILV)

1. Metacade (MCADE) – One of the Hottest Gaming Crypto Coins

What is MCADE?

Metacade is the biggest on-chain arcade. The platform offers the largest collection of play-to-earn arcade games out of any comparable project, which is unique in the world of Web3. While most gaming platforms offer a single gaming experience, Metacade offers many all in one location.

Games in the Metacade can be played casually or competitively, and every single title provides automatic financial rewards through the play-to-earn mechanic. Users can earn MCADE tokens while progressing through endless levels or by competing against other gamers directly in exclusive tournaments.

Metacade also aims to become a central hub for the Web3 community. It will contain all the latest information about the best gaming crypto projects, including the latest trends and alpha. The community hub rewards content creators for their contributions, which is an innovative incentive system that could serve many users over the coming years.

Metacade also aims to support the expansion of blockchain technology directly through the Metagrants program. The community can vote to decide which new arcade games are best, before Metacade provides direct funding to help make the idea a reality. Community members can also test out new games before they are officially released and earn a crypto income in the process.

Why buy MCADE?

Metacade is a comprehensive GameFi platform and one of the most exciting gaming crypto projects around right now. The MCADE token recently launched during a highly successful presale event, which is still ongoing.

The presale gives investors a unique opportunity to get involved in a high-potential blockchain project during its earliest stages of development, which has led many experts to forecast impressive returns on any presale investment.

MCADE is currently worth just $0.0185. It has already attracted $12.1m of investment in just 17 weeks since the beginning of the presale event, which is now in the final stage before listing on exchanges.

>>> You can participate in the Metacade final stage presale here <<<

2. DApp Radar (RADAR)

What is RADAR?

Dapp Radar is a platform that advertises decentralized applications. It allows anyone to gain greater access to the best gaming crypto projects around. It works in a similar way to traditional app stores such as Google Play Store or the Apple Store, as Dapp Radar contains thousands of blockchain-based applications for users to download and use.

Dapp Radar solves a key problem for the blockchain industry, which often relies on word of mouth to spread awareness about new dApps and gaming crypto projects. By collecting many of the best dApps all in one location, Dapp Radar has positioned itself in a strong position over the coming years.

RADAR is the new native token for the platform which is designed to help Dapp Radar scale. The platform aims to improve project listings, and expand the number of dApps that are available to download. RADAR serves a governance token where holders can vote and contribute towards the future successes of the platform.

As well as this, RADAR can be used to earn passive staking rewards on the Dapp Radar platform. This provides all token holders the chance to generate an income while investing in the blockchain app store for the long-term.

Why buy RADAR?

RADAR is a new blockchain offering being launched by a highly successful existing platform. Since it represents a project that directly supports more than 9000 dApps and attracts over 1 million users on a monthly basis, it could rise significantly from the current price level.

RADAR is worth just $0.017 per token. It recently made a major move upwards, which is a strong signal that the token could post major gains in the future. The current trading volume is over $10 million, which is much higher than many new tokens at a comparable stage in their development.

By supporting thousands of dApps and all the best gaming cryptos in a single location, the future of Dapp Radar certainly looks bright. It could be a prime investment opportunity at the current price level.

3. Axie Infinity (AXS)

What is AXS?

Axie Infinity (AXS) is a decentralized gaming platform built on Ethereum that allows players to collect, raise, and battle digital creatures called Axies. The Axie Infinity metaverse places players into a vibrant world that’s filled with places to explore and missions to complete.

Players can earn AXS, the native gaming coin, by playing Axie Infinity. AXS tokens are used to reward players for making progress in-game and beating other players in battles. Users can also trade Axies as digital assets with other users on the platform’s integrated marketplace, which provides another method for earning cryptocurrency in the game.

As a blockchain gaming project, Axie Infinity provides users with vast autonomy. Players collect Axies and fully own their in-game items, as well as explore mysterious lands and progress through the storyline.

Axie Infinity’s mission is to provide users with equitable access to original creative works while also enabling financial freedom through the creation of liquid markets for these assets. With Axie Infinity, anyone can become a part of an immersive blockchain world.

Why buy AXS?

Axie Infinity has been one of the highest-performing crypto gaming platforms in the past few years. Despite recent problems, including a major hack of the Ronin Bridge, Axie Infinity remains one of the best gaming coins to invest in.

Axie Infinity leverages a unique Ethereum sidechain to help maximize the user experience while playing the game. The Ronin Bridge has recently been made more secure, and it has the potential to support an increasing number of users over the coming months and years.

After achieving a major milestone in 2021, where almost 2 million individual users were playing Axie Infinity on a daily basis, the AXS token reached a $160 valuation. The current price – $10 – could be a great entry point for long term investment, making AXS one of the top gaming crypto options available right now.

4. Enjin Coin (ENJ)

What is ENJ?

Enjin, represented by ENJ, is a cryptocurrency platform designed to create, manage and monetize virtual assets. It provides developers of crypto games, apps and websites with an extensive suite of blockchain-based products and services that allows them to integrate Enjin Coin and in-game assets to their platform.

Enjin’s technology leverages the Enjin Coin token to help boost the overall level of innovation in the crypto gaming movement. ENJ can be locked into custom-made digital assets using Enjin’s toolkit, which serves to provide instant liquidity for in-game assets. This helps anyone launch new games on the blockchain, as Enjin makes it easy to release blockchain-based assets.

Enjin also offers tools such as EnjinX, which is an explorer for games on Ethereum blockchain, Enjin Beam, which is a QR address-scanning service, and Enjin Wallet – a multi-coin wallet providing max security.

By utilizing Enjin’s cutting edge technology, game developers can unlock powerful features that allow them to release virtual items across multiple gaming platforms. This service makes Enjin a top gaming token that could usher in a new era for the traditional gaming industry.

Why buy ENJ?

ENJ has immense utility within the Enjin ecosystem, so it could become one of the top gaming coins over time. The project has been driven by an experienced team of game developers seeking to push the expansion of blockchain based gaming platforms, and the ENJ token is integral to the project’s mission.

For game developers seeking to migrate to the blockchain, Enjin’s suite of tools can play an important role. By locking liquidity in new assets minting on the platform, gamers can play blockchain games with low transaction fees and near-instant confirmations.

At the current price of $0.50, ENJ shows major promise. Investors seeking to buy into top crypto gaming projects should do well by purchasing ENJ, as the platform looks destined to grow thanks to its unique technological solutions and broad value proposition.

5. STEPN (GMT)

What is GMT?

STEPN (GMT) is a revolutionary blockchain-based system that takes a unique spin on play-to-earn crypto gaming. STEPN utilizes move-to-earn technology to create an innovative new SocialFi platform. GMT is also known as the Global Movement Token – it is the medium of exchange on the platform that provides automatic rewards for users as they walk.

Since users can earn rewards simply by moving around in the real-world, STEPN has become a popular name in the Web3 industry. GMT incentivizes users to get outside, explore their environment and exercise every day.

STEPN’s unique offering is only made possible by an advanced blockchain protocol. This allows full transparency with the way in which STEPN operates, so users can be sure that they will indeed earn financial rewards while they move around during their day-to-day lives. The unique solution created by the team at STEPN offers endless earning opportunities. The genesis of STEPN has certainly been an exciting development within blockchain technology.

Why buy GMT?

GMT is a relatively new token. After its launch in 2022, GMT quickly became well-known throughout Web3 due to its innovative blockchain solution. Walk2Earn applications are not brand-new either, but GMT’s solution may be able to serve a broader number of users around the world thanks to the borderless nature of blockchain.

GMT is currently priced at the $0.40 mark, after falling from its previous all-time high of $4. Experts are forecasting significant gains for a token that remodels the best crypto gaming offering in a unique way, with the potential for 10x returns on the horizon during the next bull market.

6. Star Atlas (ATLAS)

What is ATLAS?

Star Atlas (ATLAS) is a 3D crypto gaming platform designed to revolutionize the gaming experience using blockchain technology. The game is set in an immersive virtual reality realm that takes players to outer space, allowing players to explore the universe in their spaceships.

All items in Star Atlas are minted as NFTs, which allows players to fully own and customize their experience. Players can participate in intergalactic battles and search for treasure across space. Star Atlas also rewards players with cryptocurrency for the progress that they make in-game.

The dual-token system deployed by Star Atlas allows players to purchase advanced gaming accessories and weaponry, as well as vote in governance proposals in the Star Atlas DAO. In-game items can be traded with other players directly, which helps users to build their ideal custom loadout.

Why buy ATLAS?

With Star Atlas, gamers are at the forefront of exciting new ways to play and interact in the digital world. The ATLAS token is the governance token for Star Atlas DAO, which gives all holders voting privileges and the chance to drive progress for the platform.

As one of the top gaming crypto platforms, Star Atlas has been released with complex gameplay and photorealistic graphics. This helps to boost immersion for players, who can explore the world endlessly while generating an income that has innate financial value.

The ATLAS token suffered during the 2022 crypto winter, but investors are expecting it to recover. This is due to the innate value being proposed by the project, which could support a massive number of users over time. Star Atlas could become one of the top gaming crypto coins on the Solana blockchain and rise substantially from its current price of $0.003.

7. The Sandbox (SAND)

What is SAND?

The Sandbox is a crypto gaming platform and metaverse. Users can build, own, and monetize their gaming experiences in The Sandbox through custom voxel-based virtual worlds. The project provides a comprehensive toolkit to enable simple world-building, which can also be used to create in-game customizable items and even full games. 

The Sandbox’s native token, SAND, serves as a secure medium of exchange between users and stakeholders on The Sandbox. All creations can be bought and sold in The Sandbox’s integrated marketplace, and the SAND token is integral to this.

SAND powers the Decentralized Autonomous Asset Economy (DAE). It will also enable The Sandbox’s Metaverse Wallet to deliver seamless transactions between players no matter which game world they might be playing in.

By providing the ability for users to create, own, and monetize their assets across different virtual worlds and games, The Sandbox makes traversing the decentralized autonomous asset economy a truly rewarding experience for all involved.

Why buy SAND?

SAND has become one of the most valuable crypto gaming platforms in Web3 thanks to its unique offering. It has been described as Minecraft’s natural successor, as user-generated content (UGC) at the core of gameplay. With millions of copies of Minecraft sold across multiple decades, The Sandbox could have a big future ahead.

A key difference between The Sandbox and Minecraft, is users’ ability to own and trade their in-game creations. This allows players to generate a profit and earn an income while having fun and playing the game. This is a revolutionary extension of the same core value proposition which has led many investors to highlight The Sandbox’s immense potential.

The current price of The Sandbox is $0.70. It is currently the top gaming crypto by market capitalization in terms of pure metaverse-based gaming, and it looks set to continue its development long into the future.

8. ApeCoin (APE)

What is APE?

ApeCoin (APE) is the native token for the ApeCoin project, which aims to support the development of decentralized communities into the metaverse. As a project that has a core vision of driving progress for virtual reality worlds on the blockchain, APE is undoubtedly one of the most important crypto gaming coins around.

The APE Foundation is controlled by the ApeCoin DAO, which allows APE token holders to vote in governance proposals. The APE Foundation then funds new metaverse-based crypto gaming projects such as Otherside – an open world play to earn titles being developed by Yuga Labs.

ApeCoin has been inspired by Yuga Labs’ Bored Ape Yacht Club (BAYC) NFT collection, which was one of the earliest examples of a highly successful decentralized community. BAYC holders frequently get together and enjoy exclusive real-world benefits, which is a core reason why ApeCoin aims to help decentralized communities grow.

Why buy APE?

APE is a newly-launched token that could post significant gains over the coming years. While it is primarily a governance token, the value of APE is linked to the successes of the APE Foundation’s investment projects.

As hotly anticipated crypto gaming platforms such as Otherside launch, it is widely expected that the APE token benefits. Early investors in the project can expect major returns, which makes APE one of the best crypto gaming tokens around right now.

9. Upland (UPX)

What is UPX?

Upland is a virtual property trading game that uses real-world addresses. Players can purchase, collect, trade and resell land in any city or region. Ownership is secured on the blockchain and brings players rewards in Upland’s in-game currency UPX. Future versions of the game will enable players to construct and develop their own virtual locations.

The game was inspired by Monopoly, where players purchase plots of land and earn whenever another player steps onto it. The key difference between Monopoly and Upland, is that Upland tokenizes real-world addresses and allows players to make a profit while trading the real estate.

Upland is a novel use of blockchain technology that provides financial rewards to players while trading real estate in-game. It is one of the most exciting developments in the crypto gaming space in the last few years, as all assets are directly represented by real-world buildings.

Why buy UPX?

UPX has been designed by a team of highly successful entrepreneurs based out of Silicon Valley. The business pedigree of the founding team is a strong signal of future success, and the project has also been backed by major blockchain investors including Animoca Brands.

The UPX token has extensive utility within the metaverse world, as users can trade, buy items, and earn the token as a reward. With a unique platform function and strong token utility, UPX has major potential for returns.

10. Gala Games (GALA)

What is GALA?

Gala Games is an innovative platform focusing on the growth of decentralized user-owned economies. Through the use of blockchain technology, Gala Games enables gamers to become the owners and beneficiaries of their own in-game economies.

By applying its utility token, GALA, Gala Games provides a new way for players to take advantage of digital assets. They can explore new ways to generate value within their gaming experience such as participating in special events that Gala Games hosts and earning rewards in GALA tokens.

Gala Games also allows users to monetize their own game development projects, tap into the Gala Economy, and have complete control over their in-game transactions with no risk of being hacked or taken ownership away from them.

With Gala Games, players now have full control to capitalize on their gaming talents and creativity while making their gaming experience more engaging and immersive. This is a strong use case within the crypto gaming sphere.

Why buy GALA?

The GALA token could rise substantially over the coming years thanks to its unique utility and attractive platform. Gala is launching a massive blockchain gaming platform that contains many AAA games, allowing players to earn a crypto income while engrossing themselves in new worlds of fun.

After reaching its all-time high during the 2021 bull market, the GALA token now sits at $0.04 per token. This could be a great entry point for long term investment, as Gala has the potential to become one of the top gaming tokens thanks to its broad GameFi offering.

11. Decentraland (MANA)

What is MANA?

Decentraland is a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. Decentraland uses its crypto-currency called MANA to allow people to purchase land on Decentraland’s virtual world, which is minted as non fungible tokens and traded on the Decentraland exchange.

The Decentraland platform consists of parcels of 3D virtual space which users can explore and build upon. The world is filled with custom experiences such as play-to-earn games, Las Vegas-style gambling, and NFT art galleries. Players can even socialize with other Decentraland users while taking advantage of everything that the sprawling open world metaverse has to offer.

Decentraland is an open source software project dedicated to creating a simulated world where anyone can create, explore and socialize in a safe virtual environment. Decentraland’s goal is to create an immersive 3D world, giving everyone the opportunity to contribute their ideas and creativity while shaping Decentraland into a unique digital landscape.

At this moment, the Decentraland metaverse has been divided into several districts. The virtual reality map consists of endless activities, built by individual content creators and companies alike. This gives Decentraland immense potential for the future, as it is a highly versatile metaverse world.

Why buy MANA?

The MANA token is the medium of exchange on the Decentraland platform. It is anticipated that demand for the token will continually rise over the coming years, as Decentraland becomes a disruptive force in the world of online pastimes.

Since Decentraland is able to support both work and leisure activities, it could become extremely popular. This is especially true when considering the prevalence of work-from-home agreements, in which people can be brought closer together no matter the geographical distance between them.

Decentraland makes internet connectivity that bit more real by combining the development with virtual reality technologies. For users, the ability to earn cryptocurrency rewards and fully customize the landscape however they like is a unique selling point that should serve MANA well.

For now, MANA is worth just $0.65 per token after it reached an all-time high of $7 in 2021. Experts are forecasting major gains from the current price level, which makes Decentraland one of the best gaming cryptos to buy right now.

12. AltSignals (ASI)

What is ASI?

AltSignals, while offering something slightly different to many of the gaming crypto coins on this list, remains a strong investment for the future of Web3. AltSignals has been one of the most successful online trading communities since it first launched in 2017, with the AltAlgo™ indicator frequently having a 90% accuracy rate.

Now, the ASI token is being launched to supercharge progress for the trading community. AltSignals is developing a new suite of trading tools called ActualizeAI, which combine powerful artificial intelligence technologies to deliver more profitable trading signals for the crypto markets.

AltSignals helps anyone to become an expert trader, and the new AI-powered tools can accelerate this process even further. ActualizeAI has been specially designed to build on the prior successes of AltAlgo™, which already helped traders to 10x their portfolio in 19 out of 32 months on record.

ActualizeAI combines machine learning algorithms with natural language processing (NLP) to analyze a broad selection of price indicators. This helps it to provide a single buy or sell signal with a new-and-improved success rate.

Why buy ASI?

The ASI token will be used to gain access to the ActualizeAI stack. For anyone looking to make a profit while trading the crypto markets, the ASI token could be the perfect way to learn.

ASI also grants entry to ActualizeAI Club, which will provide more earning opportunities for the AltSignals community including access to public and private sales for a variety of projects including new gaming crypto tokens.

With vast utility embedded in the ASI token, it has major potential for growth. Not only that, but ASI is still in its early stages, and its presale could be the perfect chance to invest in the AI-powered platform for the long-term.

>>> You can participate in the AltSignals presale here <<<

13. Illuvium (ILV)

What is ILV?

Illuvium (ILV) is a decentralized blockchain game that offers players the opportunity to explore an enchanted world. ILV actually runs on its own standalone blockchain, which allows users to access the Illuvium Federation and play with other users in a secure environment.

Through their tokenomics and economic models, Illuvium incentivizes players to complete certain tasks to earn rewards and benefits during their gameplay. There are various levels that reward different experiences and knowledge while playing the game.

All in all, Illuvium is providing gamers with an immersive experience through cryptocurrency-based gameplay that is both entertaining and rewarding. It combines AAA plotlines with ultra realistic graphics, helping to keep players immersed for longer.

Why buy ILV?

Illuvium combines the best elements from traditional gaming with blockchain technology. This helps to improve the overall user experience, as gamers receive broad benefits for playing the game and having fun.

Self-owned digital assets can be uncovered while exploring the virtual reality world, and cryptocurrency rewards underpin all aspects of gameplay. The strong incentive structure designed by Illuvium is expected to attract an increasing number of users over time, as ILV could become one of the top gaming crypto tokens by market capitalization in the next few years.

As well as this, the ILV token is extremely scarce. There are only 2.2 million ILV tokens in circulation and the protocol has a 10 million ILV total supply cap. ILV is expected to breach the $1000 mark over the coming years, and potentially go on to make new highs above $2000.

What Are Gaming Tokens?

Gaming tokens represent blockchain gaming projects. One of the primary functions of gaming tokens is that they provide automatic financial rewards for gamers as they play blockchain-based games. They are also often the medium of exchange for in-game marketplaces as players trade in-game collectibles.

What is The Best Gaming Crypto to Invest in?

One of the most exciting gaming cryptos available right now is Metacade. The project has just started its journey in the space and is widely considered to have sky-high future potential. This is because it combines a vast metaverse arcade with unique incentive structures that could help it to attract a significant user base over time.

For now, the MCADE token is still in its presale. The price of MCADE is rising from $0.008 to $0.02 over the course of the event, with the current price being $0.0185. Investors have a limited time only to get involved in the presale, given it has reached the final stage.

FAQ: Ofte stilte spørsmål om krypto

What are gaming coins for?

Gaming coins can be earned while playing blockchain games thanks to the play-to-earn mechanic. They are also often used to purchase in-game items and other assets, access blockchain gaming platforms, and gain voting rights in decentralized autonomous organizations (DAOs).

Can I earn crypto by playing games?

The play-to-earn mechanic underpins most blockchain games. Some games are free-to-play, while others require a small upfront investment in order to ensure financial sustainability. However, almost every game built on the blockchain provides automatic financial rewards while playing.

What is the best gaming token?

The best gaming token will always be subject to personal opinion. However, there are some great options available right now. One example is The Sandbox, which allows anyone to build and sell their own gaming experiences, and another is Metacade, which combines many different play-to-earn experiences in a single location.

What is the top gaming and Metaverse crypto?

The gaming token that currently has the highest market capitalization is Decentraland (MANA). It leverages self-owned digital assets and fully customizable metaverse landscapes to deliver exciting gameplay.

You can participate in the Metacade final stage presale here.

You can participate in the AltSignals presale here.

The post The 13 Best Gaming Coins to Invest in – 2023 appeared first on CoinJournal.

More Than Cute Memes – The Top 12 Utility Tokens Give Investors More For Their Money

Meme coins might be fun, but holding them rarely has any additional benefits. This is in stark contrast to utility tokens, which provide unprecedented access to some of blockchain’s most innovative projects.

To find out which utility tokens are the best, here are the 12 hottest options on the market right now:

  • Metacade (MCADE)
  • AltSignals (ASI)
  • Chainlink (LINK)
  • 1Inch Network (1INCH)
  • Basic Attention Token (BAT)
  • Binance Coin (BNB)
  • Ripple (XRP)
  • Chiliz (CHZ)
  • Ethereum (ETH)
  • Yearn.Finance (YFI)
  • Enjin Coin (ENJ)
  • Decentraland (MANA)

1. Metacade (MCADE)

What is Metacade?

Metacade (MCADE) is a GameFi platform that offers a vast selection of different arcade-style games in a single location. Each title has play-to-earn mechanics, allowing gamers to earn cryptocurrency rewards while they progress through levels and advance their skills.

Gameplay in the metaverse arcade ranges from casual to competitive, as Metacade’s Compete2Earn feature allows players to go head-to-head for the chance to win major prizes paid in MCADE tokens.

MCADE has vast utility within the Metacade ecosystem, with its primary use case being to provide rewards as users participate in the platform’s various features. Metacade’s features go beyond the arcade, as users can also earn MCADE while sharing knowledge, interacting with other users, and testing out new blockchain games before they are officially launched.

Metacade aims to become a central hub for the Web3 community as it offers a central location to access some of the most valuable alpha in the blockchain gaming and cryptocurrency space. MCADE powers an advanced incentive system that is expected to attract a significant number of users over time.

Why buy MCADE?

Not only is Metacade a comprehensive GameFi platform with a range of earning mechanics, but the platform also supports the development of new arcade games directly through the Metagrants program. MCADE token holders can vote to decide which new projects receive funding, as MCADE gains additional utility as one of the best governance tokens to be launched in recent times.

The MCADE token presale has attracted $12m worth of investment and is now in its final stage. As a brand-new project in the crypto space, Metacade has immense potential for growth and the presale could be the perfect opportunity to get involved.

>>> You can participate in the Metacade final stage presale here <<<

2. AltSignals (ASI)

What is AltSignals?

AltSignals (ASI) has supported 50,000 crypto traders with profitable trading signals since it first launched in 2017, and is now expanding its blockchain offering with an artificial intelligence toolkit.

The platform’s proprietary trading indicator, AltAlgo, has helped traders who matched its calls to 10x their portfolio in 19 separate months. The new AI-powered toolkit, ActualizeAI, is designed to improve the frequency and accuracy of trading signals, which gives it massive value in the realm of crypto trading.

ActualizeAI uses natural language processing (NLP) and predictive modelling to achieve a higher accuracy rate than alternative trading tools. Its machine learning capabilities are expected to constantly evolve its utility, which is accessed through holding the project’s new native token, ASI.

ASI also gives access to AI Members Club, which provides additional benefits to AltSignals users. By holding the ASI utility token, users gain access to lucrative investment opportunities for early-stage cryptocurrencies and can compete in online trading tournaments for the chance to win cryptocurrency prizes.

Why buy ASI?

The ASI token is brand-new and powers an existing platform that has a proven track record for success. By combining artificial intelligence with algorithmic indicators, AltSignals delivers profitable trading signals with an unprecedented level of accuracy. ASI token holders gain exclusive access to this new suite of tools and can gain a real edge while trading as a result.

The ASI crypto presale is still ongoing. Early participants are expected to see major returns on their initial investment, and the ASI token is also designed to provide greater access to profitable investments in the future.

ASI is certainly one of the top utility tokens around right now and the presale is a highly promising investment opportunity as a result. Crypto utility tokens rarely provide users with additional avenues for making a profit, which makes ASI stand out in the world of Web3.

>>> You can participate in the AltSignals presale here <<<

3. ChainLink (LINK)

What is ChainLink?

ChainLink, or LINK as it is commonly known, is a type of decentralized network that connects blockchain platforms to external systems. ChainLink does this by collecting data from off-chain sources before recording it in blockchain-compatible APIs that can be used in smart contracts.

The network is a tamper-proof and reliable way to securely transfer data between two incompatible systems. ChainLink provides data from real-world events that is stored in off-chain databases, which allows for a greater range of blockchain applications to be built using smart contracts and self-executing codes.

ChainLink nodes are responsible for gathering and connecting the right data in order for these processes to occur automatically on the blockchain. The ChainLink solution makes it possible to build secure and reliable applications with improved complexity, making blockchain a viable alternative to centralized application networks.

Why buy LINK?

ChainLink has become a top 20 cryptocurrency by market cap thanks to its unique blockchain solution. It’s a decentralized storage network that serves an important function in Web3, and it has formed hundreds of major partnerships as a result.

LINK is naturally different from most utility tokens, as the network is used to grant access to data that would otherwise be unavailable on the blockchain. It is a highly sought-after crypto asset investment and one of the top utility tokens because it supports the wider crypto ecosystem directly.

4. 1Inch Network (1INCH)

What is 1Inch Network?

1Inch Network, or 1INCH, is a decentralized exchange (DEX) aggregator that aims to provide the best possible trades for its users. Since the particular service offered by 1Inch Network is fully decentralized, it relies on complex smart contracts to find the ideal route for peer-to-peer cryptocurrency transactions.

1Inch is one of the largest crypto exchanges. 1Inch can also help to minimize costs as users pay transaction fees, as the smart contracts deployed by the platform consider the most cost-effective routes.

1INCH, the native token, offers a rebate of 1% – 7% of commissions on all transactions after connecting to the 1INCH swap protocol. The network ensures maximum efficiency for its users by harnessing external blockchain pools that contain token liquidity, allowing users access to global crypto markets and offering optimized rates.

Why buy 1INCH?

The 1Inch token is one of the best examples of utility tokens powering a decentralized protocol, as the utility coin incentivizes external parties to contribute towards the protocol. 1INCH doubles as a governance token, allowing all holders of security tokens to vote in proposals made by the 1Inch Decentralized Autonomous Organization (DAO).

The current price of 1INCH is $0.50. It is one of the best buy utility cryptocurrency investments as it has significant upside potential from the current price level. 1INCH has access to liquidity from 10 different blockchains, making it stand out from other utility tokens on this list.

5. Basic Attention Token (BAT)

What is Basic Attention Token?

Basic Attention Token (BAT) is a blockchain-based, decentralised digital advertising system designed to offer higher efficiency and improved transparency in online advertising. BAT is the platform’s native utility token which enables on-platform rewards for users who watch online advertisements.

The Basic Attention Token platform is linked to Brave browser to enable privacy-preserving advertisements. Companies can purchase ad space directly on the network using BAT tokens, and a portion of all transactions is circulated back to both advertisers and users when adverts are watched.

The platform seeks to balance user privacy, publisher benefit and advertiser spend by making use of BAT tokens and Brave browser. In this anonymous system, users receive rewards for their attention to digital advertisements.

Why buy BAT?

BAT is an example of how utility tokens work to facilitate a broad number of blockchain use cases, as Basic Attention Token’s unique blockchain infrastructure helps minimise ad fraud, improves user privacy and provides higher investment returns for advertisers due to improved targeting capabilities.

The current price of BAT is $0.23. Not all utility tokens have a truly unique offering, but Basic Attention Token is a prime example of a coin that solves a specific problem using open-source distributed ledger technology. BAT is, without a doubt, one of the top utility tokens in Web3.

6. Binance Coin (BNB)

What is Binance Coin?

Binance Coin (BNB) is a cryptocurrency created by Binance, the company behind the largest of all centralized exchanges (CEX) in Web3 by daily trading volume. BNB is used to power the Binance Ecosystem, allowing traders and businesses to use BNB for various fees, such as token listings and trading fees on the centralized exchange.

BNB is also used to pay gas fees for Binance Smart Chain (BSC), which is the most-used decentralized blockchain network in the world. It supports the development of custom tokens and applications, which has led to increasing utility for BNB as it is essential while using the network.

By holding BNB tokens, users can also gain discounts on trading fees while using Binance exchange. Binance exchange also offers staking services to allow BNB holders to earn a passive income on the platform.

Why buy BNB?

Binance is one of the most influential crypto projects in the world and the platform’s native token plays a crucial role. It powers the company’s range of different blockchain assets and services, including the largest CEX and the most-used blockchain infrastructure.

The current price of BNB is $307, down from an all-time high at $690. As one of the most comprehensive utility tokens in the crypto space, the current price level could be a great entry point for long-term investors.

7. Ripple (XRP)

What is Ripple (XRP)?

XRP, also known as Ripple, is a digital asset designed for use in secure and scalable payments. XRP was created by Ripple Labs Inc to provide banks and payment providers an instant and low-cost global settlement system.

XRP has proven itself to be faster, safer and more efficient than traditional methods of transferring money internationally – allowing users to make transactions within seconds regardless of their geographic location.

XRP is one of the most popular utility tokens for financial institutions because it can provide instant liquidity for cross-border transactions. It is a cost-effective way of processing foreign exchange requests, as any fiat currency can be swapped for XRP before the transaction value is sent across the world in seconds.

Why buy XRP?

XRP continues to hold tremendous potential as a reliable, cost-effective way of transferring digital money across borders, despite its ongoing court case with the Securities and Exchange Commission (SEC).

The SEC aims to prove that XRP is a security due to it being created by a centralized company, while Ripple argues that there was no initial coin offering (ICO) to raise funds and that the XRP security token is primarily used to secure a decentralized blockchain called XRP Ledger.

Many different utility tokens fall under the same category as XRP, as a degree of centralization is necessary for an organization to achieve a goal. The industry is expected to gain regulatory clarity in the wake of the XRP trial, which could massively boost the total value price of XRP if it emerges victorious.

8. Chiliz (CHZ)

What is Chiliz?

Chiliz (CHZ) is a digital fintech platform that specializes in blockchain technology and sports engagement. Its goal is to leverage an innovative platform to develop fan engagement and monetization opportunities for the world’s leading sports brands, including teams, individual athletes, and federations.

Chiliz’s technology also allows supporters to gain voting privileges for their favorite sports teams. CHZ tokens are used to purchase fan tokens that can be used to participate in governance. Not only does this make fans feel closer to the day-to-day action, but it also provides an additional revenue stream for sports franchises.

Through Chiliz, fans have the power to influence their favorite sports in ways that were never before possible, while receiving financial rewards via Fan Tokens for participating. Chiliz has already reached tremendous success, securing partnership deals with major sporting organizations such as LaLiga Santander, AC Milan and more.

Why buy CHZ?

CHZ holders access voting rights and can influence preceedings at major sporting organizations in brand-new ways. In exchange for having their voices heard, fans receive rewards with monetary value. CHZ underlies this entire process and is therefore one of the top utility tokens in Web3.

The current price of CHZ is $0.12. The native crypto coin for the Chiliz ecosystem has vast potential for the future thanks to its useful solution for major sporting enterprises, making it one of the best utilities to buy for the long-term.

9. Ethereum (ETH)

What is Ethereum?

Ethereum (ETH) is a blockchain-based, open-source platform that allows developers to build and deploy decentralized applications. Ethereum supports self-executing smart contracts, where contractual agreements are written in code and executed automatically when certain conditions are met.

Ethereum decentralizes data storage and enables peer-to-peer interactions without the need for third parties such as banks. Ethereum uses its own native cryptocurrency, Ether, which is used to pay gas fees every time they interact with the blockchain.

Transaction fees are the primary use case for Ethereum. Since Ethereum supports almost 2000 independent decentralized applications (dApps), ENS domains, and the majority of non fungible tokens (NFTs), this gives ETH tremendous value within the Web3 ecosystem.

Why buy ETH?

ETH has seen widespread use as both an investment vehicle and a digital currency, owing to it being a medium of exchange within Web3. Its utility as a medium of exchange is a primary source of demand for the token, which is the second largest cryptocurrency by market capitalization.

Since Ethereum completed The Merge in 2022, the Ethereum blockchain has switched to a proof-of-stake protocol. This makes the network more efficient, which could help it support an increasing number of applications and users over time. ETH is certainly one of the top utility tokens to buy now for future returns.

10. Yearn.Finance (YFI)

What is Yearn.Finance?

Yearn.Finance (YFI) is a decentralized finance platform that enables users to maximize their earning potential. Through Yearn.Finance, users can optimize their cryptocurrency yield using a selection of automated strategies.

YFI provides all the services that a traditional financial advisor or bank would offer without the fees associated. It is similar to a traditional hedge fund, except the platform analyzes the most profitable strategies for yield farming across many leading DeFi projects.

Yearn.Finance is user-friendly and requires little effort to use, as anyone can access a full suite of DeFi services simply by depositing funds on the platform. Its intuitive design and integrated tools allow users to increase their income while saving both time and money.

Why buy YFI?

YFI utility token holders gain governance privileges in the Yearn.Finance DAO. Tokens can also be earned as a reward for staking on the platform, which helps to facilitate transactions and sustain liquidity levels and secure the platform.

As a leading DeFi aggregator that offers a comprehensive suite of tools, YFI is one of the best utility tokens on the crypto market. YFI has extremely scarce tokenomics, with just 36,666 tokens in circulation. Its deflationary design made it the first crypto to be worth more than Bitcoin and gives it major potential for future investment returns.

11. Enjin Coin (ENJ)

What is Enjin Coin?

Enjin Coin (ENJ) is a popular cryptocurrency that was developed for use within the Enjin Network. It is an Ethereum-based token that was specially designed to enable the easy creation of digital assets for blockchain gaming.

Enjin enables developers and gamers to create virtual goods with custom functions. This can include in-game trading capabilities, variable scarcity levels and more. ENJ utility tokens represent a method of locking liquidity in in-game digital assets, which provides near-instant, low-slippage trading for blockchain gaming marketplaces.

ENJ utility tokens generally serve the creation of in-game digital assets, but they can also be used to pay transaction fees on Enjin Network and to help developers create NFT-based games. Marketplaces that are compatible with ENJ can be ported into custom-built dApps, helping make a smooth user experience for blockchain-based gamers.

Why buy ENJ?

Enjin Coin has vast utility within the Enjin ecosystem, which is a comprehensive suite of tools that helps to boost the overall level of development in GameFi. By easing the process of creating gaming applications on the blockchain, ENJ plays an important role in the blockchain gaming revolution.

ENJ tokens are currently valued at $0.40 and have major upside potential. As blockchain gaming grows in popularity, unique crypto assets that use ENJ facilities are likely to become more prevalent. As a result, ENJ is one of the best utility tokens to buy right now.

12. Decentraland (MANA)

What is Decentraland?

Decentraland is a virtual reality platform powered by the Ethereum blockchain. Decentraland’s digital currency is called MANA, and it is used to purchase land and in-game assets. Decentraland gives its users complete ownership of digital assets within their virtual world.

Anything people build in Decentraland — art galleries, music venues, castles, stores, amusement parks — will remain owned by them as long as they can afford to pay for the land. The metaverse world gives users an unprecedented level of control over their gaming experience, which has led to an ever-increasing number of activities within the virtual landscape.

Decentraland provides an exciting opportunity for people who are looking for a way to create or collaborate in a shared virtual world. Users can monetize their creations thanks to the MANA token, which is the medium of exchange on the platform’s marketplace.

MANA tokens are used to buy and sell LAND parcel NFTs, custom avatars, unique in-game items, and much more. Token holders also gain governance privileges, as Decentrland uses a democratic system through its decentralized autonomous organization (DAO).

Why buy MANA?

The MANA token represents a growing platform that could revolutionize the digital landscape over the coming years. Decentraland is a fast-growing project that can support people across the world in both work and leisure, which makes the MANA utility token one of the best options for long-term investment.

The current price of MANA is $0.58. It is currently one of the most valuable GameFi cryptos by market capitalization. The token’s in-built utility helps generate constant demand thanks to the popularity of the game world that it powers. Blockchain networks can help to usher in a new age of gaming, and the MANA token could be a key player in this process.

What is the Best Utility Crypto to Buy Right Now?

Arguably the best utility crypto to buy now is Metacade (MCADE). It is used for play-to-earn rewards in the biggest on-chain arcade, and unlike coins that represent other GameFi platforms, MCADE supports a vast number of gameplay experiences in a single location.

Early-stage digital currencies such as MCADE have vast potential for growth. Since Metacade offers a comprehensive gameplay experience and generous reward potential for users, it is widely expected to become a leading name in the GameFi sector.

Related Crypto FAQs

What makes a token utility?

A cryptocurrency typically offers utility within a specific platform when it is classified as a medium of exchange to facilitate peer-to-peer transactions. This sets utility tokens apart as digital currencies, as they are used to transfer value from one independent party to another in exchange for a digital good, service or asset.

Which crypto has real utility?

Most top cryptocurrencies have real utility. In fact, few cryptocurrencies have no utility. Prominent exceptions are meme coins and scam tokens; however, meme coins can still be used as a medium of exchange as long as there is token liquidity on the blockchain.

Which altcoins have the most utility?

Major projects such as Binance, AltSignals, and Metacade have extensive utility for their native token. Each project offers something unique to blockchain users, and the utility token helps to power each ecosystem in different ways.

You can participate in the Metacade final stage presale here.

You can participate in the AltSignals presale here.

The post More Than Cute Memes – The Top 12 Utility Tokens Give Investors More For Their Money appeared first on CoinJournal.

Bitcoin Cash price: BCH badly lags BTC amid safe-haven dash

Bitcoin Cash price drifted sideways on Monday even as investors started seeing cryptocurrencies as safe havens amid the ongoing crisis in the banking sector. The BCH price was trading at $136, which was the highest level since February 23rd.

BCH lags BTC

A key observation is that the close correlation between Bitcoin and Bitcoin Cash has ended. While BCH price is trading at the highest point since February, Bitcoin price has soared to $28,000, the highest point since July last year. It has almost doubled from its lowest level in 2022, making it one of the best-performing assets this year.

Bitcoin has been in a strong trend as some investors increase their bets that the asset will do well as banks continue collapsing. Silicon Valley Bank, a storied American bank, collapsed after announcing an emergency funding round. It was followed by the collapse of Signature Bank, a company that focused on technology and crypto customers.

The biggest bank to fail was Credit Suisse, the second-biggest Swiss bank in the world. The firm was acquired by UBS in a $3.3 billion all-stock deal as the amount of outflows increased to over $10 billion per day. Without the rescue, Swiss regulators would have forced to shut it or nationalize it.

It is unclear whether more banks will fail in the near term. However, a study published by researchers from the University of Southern California, Northwestern University, and Stanford University warned that 190 banks could fail because of their exposure to long-dated bonds. 

If this view is correct, then, it will be likely that more people will shift their cash to uncorrelated assets like gold and Bitcoin. BHC, with its lower liquidity and interest, will likely lag Bitcoin in the near term.

Bitcoin Cash price prediction

BCH chart by TradingView

The BCH crypto price has been in a slow bullish trend in the past few days. In this period, it has managed to move above the key level at a 50-day moving average. It is also struggling to move above the year-to-date high of $153.92. The MACD has moved above the neutral point.

Therefore, there is a possibility that the Bitcoin Cash price will continue rising as buyers target the next key resistance point at $153. A move below the 50-day moving average of $125 will invalidate the bullish view. 

How to buy Bitcoin Cash

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.

Buy BCH with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy BCH with Bitstamp today

The post Bitcoin Cash price: BCH badly lags BTC amid safe-haven dash appeared first on CoinJournal.