Autor Cointelegraph By Jordan Finneseth

Renewed interest in the Metaverse sends Decentraland (MANA) price 75% higher

Renewed interest in the Metaverse sends Decentraland (MANA) price 75% higher

Uverejnil používateľ | feb 4, 2022 |

The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the integration of virtual reality is transforming the way humans interact on a global scale. One project that is beginning to gain traction in its effort to bridge the old world with the new is Decentraland (MANA), a virtual reality (VR) ecosystem built on the Ethereum network that allows users to create, engage with and monetize digital content through a variety of interactive experiences. Data from Cointelegraph Markets Pro and TradingView shows that over the past two weeks, the price of MANA has climbed 70% from a low of $1.70 on Jan. 22 to a daily high of $2.90 on Feb. 1 as the wider crypto market struggled under bearish pressure. MANA/USDT 1-day chart. Source: TradingViewThree factors that indicate a positive future for the Decentraland ecosystem are the integration of real-world companies into its virtual landscape, a growing ecosystem of celebrities and influencers that are building on the protocol and improvements to the user interface that helps improve the overall user experience. Merging physical and virtual worlds“If you build it, they will come,” is a well-known phrase from the movie Field of Dreams and it appears as though the old adage has begun to work for Decentraland as its not just everyday users, but established, globally recognized brands that are laying claim to virtual real estate. As nonfungible tokens (NFTs) exploded in popularity in 2021, some of the digital collectibles found their way into auctions at established auction houses like Sotheby’s where they fetched multi-million dollar bids. Old Master in a new world: To celebrate the once-in-a-lifetime sale of Sandro Botticelli’s ‘The Man of Sorrows,’ we built it a chapel in @Sothebys HQ in @decentraland. https://t.co/xe68T1S7ie Livestream of the #SothebysMasters auction TODAY at 10am ET. pic.twitter.com/DFlnT7xH3k— Sotheby’s Metaverse (@Sothebysverse) January 27, 2022Sotheby’s has now become a fixture in the digital crypto ecosystem by establishing a virtual auction house in Decentraland where they continue to break down the barrier between the physical and the digital world. And it’s not just auction houses that are buying up virtual land, businesses from various sectors are following the trend to remain relevant with the younger generations as the Metaverse becomes a reality. The Meta Lite Bar is opening its doors in Decentraland soon! Head to https://t.co/1iCBk8zRTQ to sign up for updates. pic.twitter.com/Fdsl89DDrB— Miller Lite (@MillerLite) February 2, 2022

Celebrities and influencers embrace the MetaverseAnother reason to be bullish on the future of virtual land projects like Decentraland is the adoption of celebrities and influencers who are looking to establish their brands in VR. Want a guided tour in @decentraland ? Book a date: Tue, 1 Feb from 5-6 pm UTC  You’ll visit the coolest show in town, Man vs. Machine, with art by @trevorjonesart @icecube built by @V_A_L_I_A_N_T Parkour to the top – get a reward Details below https://t.co/9TXo6BoXs7 pic.twitter.com/v6oshtVjVp— Ice Cube (@icecube) January 31, 2022

As well-known artists and creators build out their presence in the virtual world, their fan base will be increasingly exposed to the possibilities of blockchain technology and VR, which has the potential to usher in a new wave of adoption. Proof of this comes from events like the Metaverse fashion week in Decentraland, which attracted the attention of companies like Vogue Magazine for its ability to showcase the latest trends in fashion to audiences around the world. Related: Rise of Web3: Metaverse tokens surge as Meta’s share price plungesThe “user experience” continues to improveA third factor helping to attract users to Decentraland are the improvements to the users’ experience and an increasing number of cross-platform integrations.Easily navigate between realms within the #Decentraland start menu. Click your menu at the top right, open the realms UI at the top left, and choose the realm you wish to appear! pic.twitter.com/nlNlznTs3w— Decentraland (@decentraland) January 19, 2022

The protocol has also added a “My Store” section that allows all users to manage and track their collection and build their personal brand. According to the most recent update from the developers behind the project, some of the future updates for 2022 include the release of a desktop client, social and voice chat improvements, linked NFTs as wearables, tokenized emotes, smart wearables and a mobile app prototype VR client.” VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for MANA on Jan. 22, prior to the recent price rise. Data from Cointelegraph Markets Pro is also painting a bullish picture for MANA.The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. MANA price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for MANA hit a high of 81 on Jan. 22, around one hour before the price increased 70% over the next two weeks. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
3 reasons why Telos (TLOS) price hit a new all-time high

3 reasons why Telos (TLOS) price hit a new all-time high

Uverejnil používateľ | feb 4, 2022 |

It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and expansion are often rewarded by traders who are looking to set up long positions where strong fundamentals trump the absence of short-term gains.One project that has weathered the storm in the crypto markets to establish a new all-time high is Telos (TLOS), a blockchain network created with the EOSIO software that aims to bring speed and scalability to smart contracts for decentralized finance (DeFi), nonfungible tokens (NFTs), gaming and social media.Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.42 on Jan. 10, the price of TLOS has soared 229% to a new high of $1.39 thanks in part to a record-high trading volume of $26 million. TLOS/USDT 1-day chart. Source: TradingViewThree reasons for the climbing price and momentum for TLOS include several new partnerships that increased awareness of the project, the launch of nonfungible token and decentralized finance projects on the TLOS network and the token’s integration to the Anchor wallet. Partnerships increase brand awarenessThe Telos network has seen several new partnerships and integrations in recent weeks that have helped bring a new level of public awareness to the protocol. One of the most notable integrations was with DappRadar, which helps followers keep track of decentralized applications (dApps) on the Telos network. Named as the #1 global #dApp ranking site for #NFT & #DeFi projects, #Telos is proud to announce an integration with @DappRadar!You can now keep track of exciting new dApps on the #TelosEVM and keep a pulse on the #TelosEcosystem as we introduce new experiences for our users pic.twitter.com/Dkm4MX70Bf— The Telos Foundation (@HelloTelos) January 24, 2022The Telos Foundation also revealed a partnership with the self-governing ride-share application BikeChain, which will process all of its transactions on the Telos blockchain. New DeFi and NFT dApps launchA second factor helping to attract attention to Telos has been the launch of multiple new NFT and DeFi applications on the network that are helping to attract liquidity and users to the protocol. Most recently, the network saw the release of OmniDEX, the first native decentralized exchange built on the Telos network. TelosEVM just got it’s first home grown defi perform @OmniDex1 , first nft marketplace @tofuNFT and is about to get it’s first lending platform @aristotledao. Things are about to get wild — Justin Giudici (@The_JUDii) January 20, 2022

Other projects to recently launch on Telos include the TelosPunks NFT project, the cross-chain NFT marketplace tofuNFT, the NFT social media app APPICS and the AristotleDAO DeFi protocol. Related: Telos raises $8M funding before EVM launch to avoid token salesIntegration with Anchor walletThe latest development to come from the Telos ecosystem that coincided with the spike in price was the network’s integration with the Anchor wallet from greymass. How to setup your #Telos wallet on Anchor ⚓️ in 30 seconds! ⏰The anchor wallet app by @greymass allows you to seamlessly and securely interact with the Telos #blockchain and makes it easy to manage your $TLOS with its applications for mobile and desktop. pic.twitter.com/jsj1kf5KId— The Telos Foundation (@HelloTelos) February 2, 2022

This integration with Anchor allows TLOS holders to securely sign in to the various applications operating on the network including the Telos web wallet, Decided Voter and the Staker One platform. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for TLOS on Jan. 23, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. TLOS price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for TLOS began to pick up on Jan. 23, around 24 hours before the price began to rally 190% over the next nine days. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
Immutable X (IMX) price soars after GameStop partnership and new project launches

Immutable X (IMX) price soars after GameStop partnership and new project launches

Uverejnil používateľ | feb 3, 2022 |

Nonfungible tokens (NFTs) continue to be one of the hottest sectors of the cryptocurrency market in 2022 despite the overall multi-month weakness seen in Bitcoin (BTC) and other large-cap crypto assets.One project that has benefited from the persistent bullishness in the NFT space is ImmutableX (IMX), a layer-2 scaling solution for NFTs on the Ethereum network designed to offer near-instant transactions and zero gas fees for minting and trading Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.99 on Jan. 24, the price of IMX gained 116% to hit a daily high of $4.29 as the 24-hour trading volume surged 505% to $333.5 million. IMX/USDT 4-hour chart. Source: TradingViewThree reasons for the price turnaround in IMX include the announcement of a new partnership with GameStop, the listing of the IMX token on Binance and the continued strength of the NFT space as a whole. Immutable partners with GameStopThe biggest boost in momentum for IMX came with the Feb. 3 announcement that the protocol has partnered with GameStop to launch an NFT marketplace later in the year.We’re thrilled to announce that @Immutable is taking another leap forward in the gaming & blockchain industry by partnering w/ @GameStop to power their NFT Marketplace: https://t.co/Tase31CBt3 Continue for more… pic.twitter.com/8v6Titg3kq— Immutable | $IMX (@Immutable) February 3, 2022As part of the collaboration, a $100 million fund was created that is designed to provide grants to game developers and studios interested in building on ImmutableX and the NFT marketplace. GameStop indicated that it selected ImmutableX for this collaboration due to the faster and more affordable nature of the network, which is also carbon-neutral and offers nearly limitless transactions. ImmutalbeX utilizes StarkWare’s StarkEx zero-knowledge proof technology to achieve scalability on Ethereum, and any carbon footprint that is created by the network is offset through agreements with the certified climate-conscious provider’s Trace and Cool Effect. Did the Binance listing provide a delayed boost?A second factor that has helped boost the project was the Jan. 10 listing of the IMX token on Binance, the top cryptocurrency exchange by volume. #Binance will list @AlchemyPay $ACH and @Immutable $IMX https://t.co/smkEblDzRP— Binance (@binance) January 10, 2022

IMX saw a slight bump up in its price following the listing, before being dragged down with the wider market as the price of Bitcoin dropped to a low near $33,500 on Jan. 24. IMX is now available on six of the top seven cryptocurrency exchanges by volume, including Coinbase and FTX, giving the token widespread access and ample trading liquidity. Related: Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creatorsProject launches and the growing popularity of NFTsA third factor propelling IMX higher has been the steady addition of new projects and partnerships launching on the ImmutableX NFT marketplace and the overall popularity of the NFT sector. Notable developments include the listing of Gods Unchained NFTs on ImmutableX, the launch of support for the KolectiveGG NFT marketplace and the launches of Cyber Galz, VeeFriends, Fantasy Labs, Battle Star NFT and Highrise, and new partnerships with Stardust and SHOYU_NFT. Weekly NFT transaction count. Source: Dune AnalyticsThese all come as the NFT space has continued to see large amounts of activity despite the wider market weakness as evidenced by data from Dune Analytics.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
Bitcoin price dips below $37K as a descending channel pattern comes back into play

Bitcoin price dips below $37K as a descending channel pattern comes back into play

Uverejnil používateľ | feb 2, 2022 |

The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility. Data from Cointelegraph Markets Pro and TradingView shows that after spending the morning hovering around $38,200, BTC was hit with a wave of selling that pushed the price to $36,800.BTC/USDT 1-day chart. Source: TradingViewHere is what several analysts and traders are saying about Wednesday’s Bitcoin price action and what areas to keep an eye on moving forward. Bulls are in trouble below $36,700Insight into the major support and resistance zones of note for Bitcoin was provided by crypto trader and pseudonymous Twitter user ‘HornHairs’, who posted the following chart indicating a solid level of support near $37,400. BTC/USDT 1-hour chart. Source: TwitterAccording to the analyst, after finding support at this level, “a move back to $38,000s is just a bearish retest unless we can reclaim $38,700.”That being said, a bearish move could see the price continue to slide lower with the chart above indicating that bulls are in trouble below $36,781. HornHairs said, “A drop below $36,700 and a move to take out range low seems likely, seeing as we took out the range high yesterday.”Will the fourth attempt be the charm?A look at the descending price action for BTC since topping out in November was provided by crypto trader and pseudonymous Twitter user ‘Daan Crypto Trades’, who posted the following chart highlighting the difficulty Bitcoin has had at breaking above this trend. BTC/USD 1-day chart. Source: TwitterDaan Crypto Trader said, “Everyone seems to be watching this same line now which could cause for some fakeouts. So be cautious for that. It’s currently testing the diagonal for the 4th time. When will it break?Related: BTC price dives with stocks as fresh sell-off sees PayPal shed nearly 25%“A fully intact bull market that is consolidating”A forward-looking analysis on what could come next for Bitcoin was summarized by technical analyst and pseudonymous Twitter user ‘Decodejar’, who posted the following chart outlining a possible move lower for the top cryptocurrency. BTC/USD 1-day chart. Source: TwitterAccording to Decodejar, this is a common chart being circulated by analysts which shows a “bearish ABC wave 4 expanded flat, ending below last year’s lows.” While this is a common pattern, Decodejar indicated that “there’s not much volume for an impulse” and he doesn’t “think we break last year’s lows.” Decodejar said, “What this all boils down to is that the correction is likely almost done at these levels, even if the market needs more time. What I do not see is a bear market, in fact, I am sick of hearing it. I see a fully intact bull market that is consolidating.”The overall cryptocurrency market cap now stands at $1.729 trillion and Bitcoin’s dominance rate is 41.1%.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac
Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch

Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch

Uverejnil používateľ | feb 2, 2022 |

Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022. NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide downturn and Vulcan Forged (PYR) is one of the top movers this week. The project is a blockchain game studio and NFT marketplace that is in the process of developing out its VulcanVerse ecosystem. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $6.59 on Jan. 24, the price of PYR has rallied 119% to an intraday high at $14.43 on Feb. 1 amid a 141% spike in its 24-hour trading volume. PYR/USDT 4-hour chart. Source: TradingViewThree reasons for the recovery seen in the price of PYR include the launch of the Elysium testnet, the listing of 100 plots of land for sale within the VulcanVerse and the launch of a PYR bridge between Ethereum and Polygon.Elysium testnet launchesHigh fees on the Ethereum network have been a thorn in the side of protocols hosted on the network and this has led to many projects migrating to other networks or launching their own solutions to help lower the cost for users. Vulcan Forged opted to travel the latter by launching the Elysium blockchain, which Vulcan Forged is referring to as “the blockchain for Metaverses.” It’s 20:05 GMT, 28th January, 2022, The Year of the Vulcanite. And Elysium Testnet just went live.$PYR pic.twitter.com/qqevQeC0TB— Vulcan Forged (@VulcanForged) January 28, 2022According to announcements made about the project, Elysium will become the world’s first carbon-neutral blockchain via a collaboration with the Netherlands-based decentralized carbon credit exchange Coorest. This will be accomplished by offsetting the CO2 emitted by the Elysium blockchain with tokenized trees and the gas fees from transactions will be used to plant trees on nearly 70,000 acres of land owned by Coorest. In addtion to this environmentally-friendly approach, the network is also attracting the attention of other protocols, with Vulcan Forged indicating that three other Metaverse projects have already signalled their intent to launch on Elysium. Land sales go liveA second reason for the bullish move in PYR over the past week has been the limited listing of 100 plots of land in the VulcanVerse. 12-24 hours left on the @VulcanVerse 100 plot sale. Auction expiry dates cleverly designed for time zones.https://t.co/CjiW5HPVjY$PYR pic.twitter.com/tDRhQT5HjG— Vulcan Forged (@VulcanForged) February 1, 2022

All plots of land are available for purchase using PYR, which has prompted some traders to accumulate the token to make a purchase, leading to an increase in demand and token price. On top of offering holders a yield of 35 PYR per month for the next four years, land plots in the VulcanVerse can also be used to to earn through gameplay or rent.Related: NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrivePYR support on PolygonA third reason for the bullish turnaround in the price of PYR has been the success of VulcanDex, the protocols decentralized exchange which currently operates on the Polygon and Ethereum networks. According to VulcanDeX, the protocol surpassed a total value locked of $10 million on Jan. 29 and this figure continues to rise as PYR price rallies.VulcanDEX is also in the process of integrating a cross-chain bridge between Ethereum and Polygon into the ‘My Forge’ section of the DEX that will enable the simple transfer of PYR tokens between the two networks. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy