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Crypto price predictions: Bitcoin Dogs, Bitgert (BRISE), WAXP

Cryptocurrency prices had a fairly successful week as demand continued rising and as a sense of greed emerged in the market. Bitcoin jumped to over $60,000 while other coins like Dogecoin, Shiba Inu, and Bonk went parabolic. In all, this surge added billions of dollars in the total valuation of all cryptocurrencies. This article provides a forecast for some of the top cryptocurrencies like Bitcoin Dogs, Bitgert (BRISE), and WAXP.

Bitgert (BRISE)  price forecast

Bitgert, like other cryptocurrencies, had a strong performance this week as its token suddenly woke up. The BRISE token surged to a high of $0.00000020, its highest point since December 29th of last year. It has jumped by about 50% from its lowest level this year.

Along the way, the coin has jumped above the 50-day moving average, signaling that bulls are now in control. Most importantly, there are signs that the token formed a double-bottom pattern at $0.00000013. In most cases, this pattern is one of the most bullish signs in the market. 

The neckline of the double-bottom pattern is at $0.0000030. Additionally, Bitgert’s volume has also jumped sharply. Therefore, there is a likelihood that the token will continue soaring as buyers target the key resistance point at $0.00000030, which is about 60% from the current level.

On the other hand, a break below the double-bottom point at $0.000000013 will point to more downside. 

Bitcoin Dogs price forecast

Bitcoin Dogs, an upcoming cryptocurrency, was one of the top-performing players in the industry as its token sale accelerated. The developers have now raised over $5.6 million from global investors. This is notable since the fundraising started about two weeks ago. If this trend continues, there is a likelihood that the developers will scoop more money than this.

Bitcoin Dogs is a blockchain that has become the first ICO in the Bitcoin ecosystem. The developers aim to create a fully-functional ecosystem that will have substantial utility. This utility will happen in the form of a set of 10,000 NFT collection in Ordinals form.

At the same time, they plan to venture in the blockchain gaming industry that is expected to thrive in this crypto bull run. The goal is to create an entertaining game that people can interact with and earn rewards in the form of the $ODOG token.

This is happening at a time when interest in the Bitcoin ecosystem is rising. We have seen developers like Stacks and Internet Computer become some of the top performers in the industry. Also, Bitcoin Ordinals have become some of the best performers in the NFT industry.

WAXP price forecast

Meanwhile, the WAXP token price made a strong bullish breakout this week as demand for altcoins jumped. It jumped to a high of $0.098, its highest point since 2022. It has jumped by more than 158% from its lowest point in October last year.

As it jumped, the token has moved above the important resistance level at $0.0775, its highest swing in December last year. Subsequently, WAXP price has jumped above the 50-day and 25-day moving averages. The Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the overbought level.

Therefore, the outlook for the token will continue rising as buyers target the next important resistance point at $010. However, a pullback is also possible as some investors start to take profits.

The post Crypto price predictions: Bitcoin Dogs, Bitgert (BRISE), WAXP appeared first on CoinJournal.

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Taki Games teams up with Two3 Labs to launch NFT game “Puzzle Smoofs”

  • Taki Games and Two3 are eyeing mainstream adoption of Web3 gaming.
  • A new NFT game Puzzle Smoofs will help bring more gamers to Web3, with players rewarded using TAKI tokens.
  • TAKI features a buy-and-burn mechanism, with gamers incentivized to generate revenue.

Taki Games, a social gaming network for mobile, has teamed up with cross-chain Web3 studio Two3 Labs to launch a new “Puzzle Smoofs” mobile game.  

Puzzle Smoofs is targeted to go live on the Taki Games network this March, the two platforms said in a press release shared with CoinJournal.

The new gaming venture adds to Taki Game’s notable Web3 game titles, including Game7 Food Fighter and Pac-Cats. With the partnership with Two3 Labs, Taki is looking to tap into the Smoofs popularity to bring the next billion gamers to Web3.

Weiwei Geng, CEO of Taki Games, noted in a statement:

“By integrating Smoofs IP into this game, we are not only providing players with true ownership of in-game assets but also creating a new avenue for brands to engage with their audience in a meaningful and interactive way. This convergence of gaming and NFTs is poised to reshape the future of entertainment and digital ownership.”

Eyeing the $200+ billion gaming industry

Two3 Labs, the team behind the Cow Cow NFT collection that soared on MultiversX in early 2023, launched the Smoofs NFT collection on Polygon in December 2023. The project is now one of the top NFT collections on Polygon, with over $300,000 in trading volume over the past two months.

Taki Games and Two3 Labs say Puzzle Smoofs’ upcoming launch will extend the Smoofs NFTs’ utility and appeal, with holders getting new benefits and experiences.

“This collaboration with Taki Games and Two3 Labs is an important milestone for us, blending the lines between NFTs and gaming and offering mainstream gamers an innovative way to engage with our brand and community. We are excited to see how this game will bring the Smoofsverse and Web3 culture to a mainstream gaming audience with Taki Games,” said Sorin Diaconu, co-founder of Two3 Labs.

According to the Taki Games team, this partnership will help bring more gamers from the $200 billion+ Web2 gaming industry to Web3.

The native TAKI token, which will be used to reward players, will be a key component of this drive. The network’s buy-and-burn mechanism has already see more than 1 million TAKI burned, according to data from Dune.

In January this year, Taki DAO announced a partnership with Flowdesk, a full-service digital trading firm, to enahcne TAKI liquidity. In December 2023, TAKI’s price soared following Taki Games’ expansion to Polygon.

The token’s value is up nearly 60% in the past 30 days.

The post Taki Games teams up with Two3 Labs to launch NFT game “Puzzle Smoofs” appeared first on CoinJournal.

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Solana-based MixMob bags Star Wars Stormtrooper NFT licensing rights

  • MixMob secures Star Wars licensing for Solana game, adding Stormtroopers to Racer 1 as NFTs.
  • Plans to secure three more licenses in 2024, signalling commitment to expanding partnerships.
  • MXM token gains 7.66% in 24 hours, highlighting market interest.

MixMob, the Solana-based gaming platform, has inked a significant deal, acquiring licensing rights to integrate iconic Star Wars Stormtroopers into its upcoming game, Racer 1.

 This move marks MixMob’s foray into official licensing agreements and solidifies its commitment to enriching the gaming experience on the Solana blockchain.

Bringing Star Wars to Solana

MixMob’s licensing agreement grants it the exclusive rights to feature the legendary Original Stormtrooper character from the renowned Star Wars franchise in its Solana-based game, Racer 1.

Stormtroopers non-fungible tokens (NFTs) will soon become collectible assets within the game, adding a touch of the beloved Star Wars universe to the burgeoning world of Solana gaming.

Stormtroopers, recognized as emblematic soldiers within the Star Wars saga, hold immense cultural significance and are poised to captivate gaming enthusiasts on the Solana blockchain. MixMob’s strategic move to incorporate these iconic characters underscores its dedication to delivering immersive and engaging gaming experiences to its users.

MixMob’s expansion plans

MixMob’s acquisition of the Star Wars licensing rights represents the initiation of its official licensing strategy. The company aims to expand its licensing portfolio further by securing three additional licenses throughout 2024.

This ambitious agenda highlights MixMob’s commitment to partnering with established intellectual properties to enhance its gaming offerings and foster a dynamic gaming ecosystem on Solana.

MixMob’s governance token, MXM, has shown resilience, with a 7.66% increase in value over the past 24 hours to trade at $0.09881 at press time.

MixMob’s strategic collaboration with Star Wars signifies a pivotal moment in the evolution of Solana gaming, as iconic characters from the legendary franchise make their debut in the digital realm.

As MixMob prepares to unleash the power of the Force onto the Solana blockchain, gaming enthusiasts can anticipate an exhilarating journey into the heart of the Star Wars universe, brought to life in the immersive world of Racer 1.

The post Solana-based MixMob bags Star Wars Stormtrooper NFT licensing rights appeared first on CoinJournal.

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Spot Bitcoin ETFs shatter trading record with $7.69 billion

  • Spot Bitcoin ETFs recorded a staggering $7.69 billion in trading volumes on February 28.
  • Top ETF volumes were with BlackRock’s IBIT, Grayscale’s GBTC and Fidelity’s FBTC.
  • Bitcoin price also rose sharply on Monday, hitting highs of $64k before paring gains amid Coinbase network issues.

Relentless demand for the recently approved spot Bitcoin ETFs has pushed the trading volumes to a new record.

On Wednesday, the US spot Bitcoin ETFs saw an incredible $7.69 billion in volume. According to market data tracking the performance of these products, Wednesday’s huge trading volumes shattered the previous day’s nearly 2x.

Leading the charge as has happened in recent weeks is BlackRock’s iShares Bitcoin Trust (IBIT), with over $3.3 billion to account for nearly 44% of the total volume. IBIT did more than $1.3 billion on Monday.

Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Bitcoin Fund (FBTC) also hit past the billion milestone, recording $1.86 billion and $1.44 billion respectively.

Commenting on the massive traction, ETF analyst Eric Balchunas noted that the upsurge seems to be organic and not catalysed by algorithmic or arbitrage trading. He noted on X:

“I asked around to some mkt makers and most say this volume is largely function of natural demand vs algo/arb type volume. Word is wirehouse platforms are seriously looking at adding them soon. I’m sure pressure is mounting for them. They like to see track record and get paid off but w grassroots demand like this they gonna have to expedite.”

The frenzy is also showing in the Bitcoin futures ETFs market, Balchunas noted. With BITO, BITX and BITI all up on volume, the total for the Bitcoin ETFs approached the $10 billion mark.

Bitcoin price hits $64k

Bitcoin price has rallied since the SEC approved the spot Bitcoin ETFs in January, with the latest explosion sending the flagship cryptocurrency’s value past the $64,000 level. As Bitcoin’s halving approaches, analysts say BTC price could soar to a new all-time high above $100k in 2024.

BTC traded around $62,570 on Thursday morning, up 5.3% in the past 24 hours and 22% in the past week.

The post Spot Bitcoin ETFs shatter trading record with $7.69 billion appeared first on CoinJournal.