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Splintershards (SPS) hits 2 billion in games played – Coin is surging as a result

Splintershards (SPS), one of the leading blockchain play-to-earn gaming platforms, has reached another huge milestone. As a result, its native governance and utility token SPS has been surging in the last few days. Here are some of the details:

  • Splintershards (SPS) has now reached over 2 billion in games played

  • The milestone indicates Splintershards growing dominance in this area.

  • The native SPS token has been surging as a result in the last few days.

Data Source: Tradingview 

Splintershards (SPS) – Where will the momentum go?

Reaching 2 billion in total games played is no easy feat. The play to earn space within blockchain has seen immense growth of course. With this boom in P2E expected to continue in 2022, we expect Splintershards (SPS) to surge even further. 

Also, Splintershards (SPS) has confirmed that it sold millions of new cards in a live unboxing event that was held for its loyal fans a week ago. Despite this, at the time of writing, the price action appeared to have stagnated a bit. 

It seems like investors have started to price in the 2 billion milestones. While we expect SPSs to see more bullish momentum, in the days ahead, at some point before the end of next week, it will plateau before it retreats.

Is Splintershards (SPS) the future of Play to Earn?

A lot of investors are looking for new and promising opportunities in GameFi. This industry is likely going to be a huge part of the blockchain ecosystem. But even though new projects can be exciting, sometimes it’s also nice to look at tried and tested solutions. 

Splintershards (SPS) has been around since 2018 and continues to achieve milestone after milestone. As the GameFI revolution takes shape, SPS will be at the center of it all. Besides, the token has a market cap of $62 million so there is a lot of growth possibilities.

The post Splintershards (SPS) hits 2 billion in games played – Coin is surging as a result appeared first on Coin Journal.

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Holo Chain (HOT) is heating up right now – Here is why you should buy

The crypto market in general is coming out of a period of consolidation over the last few weeks. Coins are surging, and Holo Chain (HOT) is one of them. In fact, HOT has been one of the top performers of the last week. Here is what you need to know:

  • The coin had surged by close to 10% over the last 24 hours

  • HOT is also up by around 30% over the last 7 days or so.

  • This uptrend is likely to maintain in the week ahead.

Data Source” Tradingview 

Why is Holo Chain (HOT) surging?

The main reason why we saw a surge in HOT over the last few days was a new announcement on the ecosystem roadmap that looks to make the project huge. But even with that, HOT had actually shown a lot of bullish signs before. 

For example, it had managed to cross above a crucial overhead resistance zone of $0.004. Also, the coin hit a monthly high at the start of the week. The bullish outlook still remains intact. In fact, we are watching to see if bulls can push the price above $0.006. 

If this happens, we could see decisive gains that could target $0.01 in the near term. This will represent a 50% surge from the current price. But if the price falls below $0.004, then more weakness could ensue.

Should you buy Holo (HOT)?

Holo markets itself as a peer-to-peer chain that hopes to provide a fast and reliable infrastructure for the deployment of decentralised apps. The project is also introducing new tools to help bridge the gap between decentralized systems and centralized ones. 

The fundamentals are indeed quite good, and we have seen a lot of resilience as far as HOT goes. In the longer term, we expect the price outlook to remain positive and upbeat.

The post Holo Chain (HOT) is heating up right now – Here is why you should buy appeared first on Coin Journal.

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Why QTUM could record even more gains going into April

  • QTUM Rallies ahead of Binance Blockchain Week, where it is a premier sponsor. 

  • Binance Blockchain Week is a big deal and will draw crypto investors from across the globe. 

  • QTUM price action points to more gains in short to medium term.

Qtum QTUM/USD has been one of the top-performing cryptocurrencies over the last 24-hours. In this period, QTUM is up by over 20% and gaining. While this is purely price action at play, there is a good chance that QTUM could sustain the rally over the next couple of days. This has a lot to do with the upcoming Binance Blockchain Week that will take place in Dubai on March 28th.

QTUM will be the event’s premier sponsor, and quite naturally, this means it will attract a lot of attention. Under the current setup where bullish momentum is on the rise across the market, this could trigger a major rally in the price of QTUM into April. 

For context on how big the Binance Blockchain Week deal is, it will have more than 80 influential speakers, over 10 panels and fireside chats, and over 10 keynotes. This means it will likely pay attention across the global crypto community, and even people who may not know how powerful QTUM is will likely be interested in the project. 

However, besides the short-term attention, QTUM has all the hallmarks of a winner, especially now that bullish momentum is rising across the market. QTUM is a blockchain platform built on the Bitcoin UTXO but runs on PoS. This makes it energy efficient while leveraging on the simplicity of the Bitcoin code. The result has been huge adoption for Dapps, which can only grow going forward.

QTUM moving averages point to further gains

Source: TradingView

In the last 24-hours, QTUM buying volumes have shot up. The 50-day and 100-day moving averages are looking up, while the 20-day moving average is outpacing them at an accelerated rate. This indicates that buying volumes are rising fast, and the price could rally even further in the short term.

Summary

QTUM is rallying at the moment and is up by over 20% in under 24-hours. QTUM is likely to get a boost from its sponsorship of the Binance Blockchain Week on March 28th. Long term, QTUM fundamentals are likely to drive its price even higher.

The post Why QTUM could record even more gains going into April appeared first on Coin Journal.

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IoTeX price action points to a potential breakout – What could trigger it?

  • IoTeX inked a deal with Google for global expansion.

  •  The IoT market is growing at a CAGR of 20%, which is a plus for IoTeX

  • The broader market is bullish, which is a plus for crypto with strong fundamentals like IoTeX 

The cryptocurrency market has turned strongly bullish over the past week. IoTeX is one of those that have gained the most momentum and is up by over 20% in the last 48-hours alone. While this has a lot to do with the upside momentum across the market, IoTeX internal fundamentals are also a factor and we could see IoTX keep hitting higher prices both in the short term and long term.

IoTeX IOTX/USD has positioned itself as one of the leading cryptocurrencies taking blockchain technology to the fast-growing IoT market. Through IoTeX, users of IoT devices can have more control over their data and interact with the internet more securely. 

With the IoT market now worth $308.97 billion and expected to grow at a CAGR of 25% up to 2028, it’s a market all set to be worth trillions of dollars in the coming decades. For this reason, IoTeX has been inking high-profile partnerships that are likely to play well into its price dynamics in the future.

Earlier in the month, it emerged that IoTeX was teaming up with Google to reach the global market better. According to the founder of IoTeX, adoption is growing at a rate of 20% a month, and with the partnership with Google Cloud, expansion can happen at an even more accelerated rate.

IoTeX price consolidates after pump

Source: TradingView

After a massive pump on March 21st, IoTeX has been consolidating over the last few days. It continues trading between $0.104 and $0.10, but buying volumes are rising. If IoTeX has enough volumes to break the $0.104 resistance, it could test $0.15 pretty soon.

Summary

IoTeX has been one of the top crypto performers in the last few days. This has a lot to do with the pump across the market and IoTeX fundamentals that include a partnership with Google. IoTeX buying volumes are rising while the price consolidates, which points to a potential breakout in the short term. 

The post IoTeX price action points to a potential breakout – What could trigger it? appeared first on Coin Journal.