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Crypto Games May Substitute Regular Video Games in 2021

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What Crypto Games Will Look Like Next Year

2020 was the year of crypto gaming, and the number of those interested in the industry will continue to grow in 2021. Experts claim that crypto games are the future of online gaming in general. Aside from the excitement and fun that regular games offer, crypto gaming involves profitable stakes and brings in other significant perks.

But the first thing you should do is to grasp the basics of crypto games. Should you be interested in a comprehensive guide, Rhyker.com provides the most detailed one. Check it out before you dive into the mesmerizing world of crypto games.

Now, it’s time to discuss why crypto games may turn out to be more appealing in 2021 than regular video games.

Primary Advantages of Crypto Gaming

Crypto games usually combine two essential features — an unlimited amount of fun and potentially high profits. The list below may change the way you spend your spare time from now on.

Simplified in-game purchasing

Since many gamers play for the sake of victory, they often perform in-game purchases to hasten it. Getting unique items, upgrading the character — all this is done with the help of real money. However, it takes a good while for a real-money transaction to be processed and approved, not to mention the fees deducted by a payment provider.

Cryptocurrency has revolutionized the approach to in-game purchases. Since it is not a regulated currency, there is no third-party to process the payment. More importantly, crypto allows gamers to save significantly on all sorts of fiat-related fees. What a benefit to brood upon, isn’t it?

High-level data security

You may have already heard that blockchain is one of the most secure ledgers known. Thanks to its distributed nature, blockchain ensures data availability, integrity, and confidentiality. It is almost impossible to hack or breach the ledger. Thus, the user’s sensitive data is well-protected. This feature makes blockchain demanded in many industries that deal with personal data.

Chances are that in 2021, blockchain will also be implemented by most gaming providers, including online casinos. This will be a sign of their transparency and trustworthiness.

Increased profitability

Some devoted gamers still doubt if crypto games are actually as profitable as advertised. Let’s take a look at the example.

CryptoKitties is one of the most popular crypto games in the industry. Since 2017, gamers have spent over $6 million on it. The game developers have certainly profited from it, but at least half of the stated sum ended up on other players’ accounts. While regular video games can put you in a good mood and distract you from dull reality, crypto games will also help you make a small fortune in the process.

Improved mobile gaming experience

Being on the go most of the day leaves little to no opportunity to dive into the exciting world of video games. A small number of popular video games are mobile-friendly, most of them are still desktop- or console-based. Crypto games are mobile-friendly and can be enjoyed anytime and anywhere as long as a stable internet connection is ensured.

The Most Popular Crypto Games to Consider in 2021

There are not so many crypto games on the market so far. Most are still under development or being tested before they can be introduced to the audience.

The aforementioned CryptoKitties is a pioneer in the sector. The idea behind it is to raise the best little kitty and sell it later. Although the concept is simple and straightforward, the potential profit is more than promising. The most expensive cat was sold for $170,000!

Here is the list of the top-rated crypto games to consider in 2021.

Spark Profit

Spark Profit isn’t new. The game has been on the market since 2013. It is a game of prediction, which can change your financial state tremendously. The main aim is to predict real-life market changes. Those players who do it correctly gain money prizes. People interested in stocks and the crypto market will find the game appealing.

MegaCryptoPolis

If you are a strategy-game fan, then you should give MegaCryptoPolis a try. The main task here is to build a functioning city. The game requires that you make in-game purchases to build the best city. But the victory will be worth the means and effort spent in the process since all game assets are tradable.

Spells of Genesis

If RPGs are your passion, then Spells of Genesis may be to your liking. Although it is a card game, it comes with arcade features. Every player starts with a deck of regular cards and makes it stronger to defeat others. You can profit not only from your victories but also from the deck upgrading process.

Bitcoin Alien Run

People usually play 2D mobile games to kill time. Daily missions, peculiar tasks, regular upgrades are fun to participate in from time to time. However, Bitcoin Alien Run is not a regular game you are used to. Every completed mission adds up to your Bitcoin account.

Alpaca City

Just like CryptoKitties, Alpaca City is a crypto game centered around item collection. While trading in the game, players exchange tokens and grow their Ethereum fortunes.

Conclusion

Crypto casinos are a lot more popular than crypto games, at least at the moment. However, the list of advantages that crypto games offer is impressive, especially when compared to regular games.

The ever-growing cryptocurrency market will point many people towards alternative sources of income — and crypto games are among them. Is there anything better than making money from doing what you like most? The crypto gaming industry will offer every gamer a chance to make a fortune in 2021!

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Grayscale buys 174,000 Litecoin: LTC price swings 11% on news

LTC/USD is likely to break above $200 and target recent highs near $250 Litecoin…

The post Grayscale buys 174,000 Litecoin: LTC price swings 11% on news appeared first on Coin Journal.

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LTC/USD is likely to break above $200 and target recent highs near $250

Litecoin (LTC) has spiked by more than 11% in the past 24 hours, reaching intraday highs of $196. The LTC/USD pair is bouncing higher a day after it was revealed that Grayscale Investments purchased 174,000 LTC in February.

As per the data, the purchase accounted for nearly 80% of all mined LTC in the month. Grayscale Litecoin Trust has increased its holdings in assets under management to $244.5 million worth of LTC.

The fundamental signal has added to an improving technical picture, with the short-term move likely to see Litecoin’s price break above $200 again. If it does, bulls could target highs near $250. On the contrary, a strong rejection could send prices plummeting towards $176.

Litecoin price outlook

LTC/USD has traded higher on the day as bulls push for more gains after breaking above the 50-day simple moving average at $176. The upside also includes a break above the horizontal resistance line at $181 and $189, the latter hurdle marked by the 0.382 Fibonacci retracement level of the decline from $247 to lows of $153.

At the moment, bulls are battling selling pressure near the 100 SMA ($198), which is also flanked by the 0.5 Fib level ($200). If buyers make it above these hurdles, they are likely to reclaim $211 (0.618 Fib level) and $227 (0.786 Fib level).

The 4-hour chart has the MACD line looking to increase above the signal line. The RSI is also seeking an upward flip above 60, which could accelerate LTC’s uptrend if bulls take over fully. A fresh rally above $200 will therefore push LTC/USD towards $250, with short-term targets extending to $280 and $300.

LTC/USD 4-hour chart. Source: TradingView

On the downside, failure to take charge above $200 will expose bulls to renewed bearish pressure. If this scenario unfolds, a significant drop would see LTC prices retreat towards the main support area near $175.

Here we have the 50 SMA located at $176 and the 0.236 Fibonacci retracement level currently just below at $175. The horizontal line near $171 provides the next bearish target, with any more losses likely to extend LTC prices towards $150.

The post Grayscale buys 174,000 Litecoin: LTC price swings 11% on news appeared first on Coin Journal.

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Source: https://coinjournal.net/news/grayscale-buys-174000-litecoin-ltc-price-swings-11-on-news/

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Dogecoin price reclaims $0.050 as crypto firm supports DOGE at 1800 ATMs

DOGE/USD is trading above $0.050 within a short-term symmetrical pattern Dogecoin saw significant volatility…

The post Dogecoin price reclaims $0.050 as crypto firm supports DOGE at 1800 ATMs appeared first on Coin Journal.

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DOGE/USD is trading above $0.050 within a short-term symmetrical pattern

Dogecoin saw significant volatility in the first weeks of the year, rising to an all-time high of $0.086 in early February. But the upside potential appears to have faded, despite continued tweeting from its most prominent supporter Elon Musk.

Today, however, saw the cryptocurrency’s bulls looking to capitalise on news from a different quarter as they eye a rebound to prices last seen on 25 February.

Yesterday, the crypto ATM firm CoinFlip announced that it had added DOGE to the list of coins available at its ATMs. According to the firm, retail buyers in the US now have an opportunity to purchase the popular cryptocurrency with cash at any of its 1,800 ATMs.

The market reaction to the news has seen the DOGE/USD price break above the resistance line at $0.050. The price movement now looks likely to extend upward in the short term, breaking what has been a downward trend for the 15th ranked cryptocurrency.

Dogecoin price outlook

DOGE/USD has largely traded downwards since the first week of February when a major pump saw it smash into the top ten by market cap by surging to an all-time high of $0.086.

The upside witnessed over the past 24 hours, therefore, moves DOGE price above the key support level at $0.048, marked by the 0.786 Fibonacci retracement level of the downswing from $0.060 high to $0.044 low.

On the 4-hour chart, DOGE/USD is looking to establish support above the 0.618 Fib level ($0.050). This will allow bulls to move higher towards the resistance line of a recently formed symmetrical triangle pattern.

DOGE/USD 4-hour chart. Source: TradingView

The RSI and MACD indicators are suggesting the upside path is most likely as bulls build momentum.

Another leg up could see buyers conquer resistance at the 0.5 Fib retracement level ($0.052). If the momentum holds and buying pressure sends the DOGE/USD pair above the down-trending line of the symmetrical pattern, bulls could retest the area around $0.056 (0.236 Fib level).

The next short-term targets would be in the range of $0.060—$0.065, above which lies the prize of $0.086.

On the contrary, a breakout needs to occur for the bullish perspective suggested by the RSI and MACD to validate. Otherwise, it is likely DOGE’s upside momentum could dissipate and allow prices to bounce lower towards the triangle support.

At the time of writing, DOGE is trading around $0.051, which puts bulls above the 20-day EMA ($0.0503). This zone could form the primary support zone if a swift rejection follows an upside to $0.052.

In this case, bears could seek targets around previous support zones at $0.048 and $0.044.

The post Dogecoin price reclaims $0.050 as crypto firm supports DOGE at 1800 ATMs appeared first on Coin Journal.

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Source: https://coinjournal.net/news/dogecoin-price-reclaims-0-050-as-crypto-firm-supports-doge-at-1800-atms/

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Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue

Bitcoin (BTC) has surged past $51,000 levels and is 5% as of writing this article. At press time, BTC is trading at a price of $51,402 with a market cap of $945 billion. CryptoQuant CEO and popular Bitcoin analyst Ki-Young Ju points out that two major indicators suggest that the worst is behind us and

The post Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue appeared first on Coingape.

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Bitcoin (BTC) has surged past $51,000 levels and is 5% as of writing this article. At press time, BTC is trading at a price of $51,402 with a market cap of $945 billion.

CryptoQuant CEO and popular Bitcoin analyst Ki-Young Ju points out that two major indicators suggest that the worst is behind us and the Bitcoin bull run is likely to continue further.

1. BTC: All Exchanges Inflow Mean

This metric offered by CryptoQuant shows the average amount of Bitcoins deposited into all exchanges. The metric shows Bitcoin deposits on a 24-hour moving average. As CryptoQuant states:

“In the 144-block moving average chart, if this indicator goes over 2 BTC during the surge, Bitcoin whale dumping is likely to happen. If it goes below 2 BTC immediately after the dip, it means victim whales are depositing to exchanges but not sold them”.

This data is based on the historical trends of the last three years. As per the latest chart in the above tweet shared by Ju, the BTC all exchange inflow mean has dropped to 1.0 suggesting no further mass dumping.

2. BTC: Exchange Whale Ratio

This metric checks the relative size of the top 10 inflows vis-a-vis total inflows. The whale ratio is often below 85% during the bull market. However, in the case of the bear market or mass-dumping by whales, it stays above 85%. The exchange whale ratio in the second chart by Ju shows that it is currently at 84%.

Well, the tweet by Ju was made one hour back and Bitcoin has added $1000 to its price during the same period. This is a testament to the fact of how powerful these indicators have been. Earlier today, Ju also tweeted:

“Whales accumulating $BTC. They are making a lot of bear traps lately, but the price seems to recover the institutional buying level, 48k. Looking at recent Coinbase outflows, most of the outflows that went to custody wallets were at 48k price.”

On Tuesday, March 2, nearly 12,000 BTC moved out of Coinbase.

Another bull indicator as per data on Skew Analytics shows that the implied Bitcoin volatility is now reset back to early January levels, before the previous bull run.

The post Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue appeared first on Coingape.

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Source: https://coingape.com/bitcoin-btc-whale-indicators-suggest-worst-behind-us-bull-run-continue/

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Blockchain

Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue

Bitcoin (BTC) has surged past $51,000 levels and is 5% as of writing this article. At press time, BTC is trading at a price of $51,402 with a market cap of $945 billion. CryptoQuant CEO and popular Bitcoin analyst Ki-Young Ju points out that two major indicators suggest that the worst is behind us and

The post Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue appeared first on Coingape.

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Bitcoin (BTC) has surged past $51,000 levels and is 5% as of writing this article. At press time, BTC is trading at a price of $51,402 with a market cap of $945 billion.

CryptoQuant CEO and popular Bitcoin analyst Ki-Young Ju points out that two major indicators suggest that the worst is behind us and the Bitcoin bull run is likely to continue further.

1. BTC: All Exchanges Inflow Mean

This metric offered by CryptoQuant shows the average amount of Bitcoins deposited into all exchanges. The metric shows Bitcoin deposits on a 24-hour moving average. As CryptoQuant states:

“In the 144-block moving average chart, if this indicator goes over 2 BTC during the surge, Bitcoin whale dumping is likely to happen. If it goes below 2 BTC immediately after the dip, it means victim whales are depositing to exchanges but not sold them”.

This data is based on the historical trends of the last three years. As per the latest chart in the above tweet shared by Ju, the BTC all exchange inflow mean has dropped to 1.0 suggesting no further mass dumping.

2. BTC: Exchange Whale Ratio

This metric checks the relative size of the top 10 inflows vis-a-vis total inflows. The whale ratio is often below 85% during the bull market. However, in the case of the bear market or mass-dumping by whales, it stays above 85%. The exchange whale ratio in the second chart by Ju shows that it is currently at 84%.

Well, the tweet by Ju was made one hour back and Bitcoin has added $1000 to its price during the same period. This is a testament to the fact of how powerful these indicators have been. Earlier today, Ju also tweeted:

“Whales accumulating $BTC. They are making a lot of bear traps lately, but the price seems to recover the institutional buying level, 48k. Looking at recent Coinbase outflows, most of the outflows that went to custody wallets were at 48k price.”

On Tuesday, March 2, nearly 12,000 BTC moved out of Coinbase.

Another bull indicator as per data on Skew Analytics shows that the implied Bitcoin volatility is now reset back to early January levels, before the previous bull run.

The post Bitcoin (BTC) Whale Indicators Suggest the Worst Is Behind Us, Bull Run to Continue appeared first on Coingape.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://coingape.com/bitcoin-btc-whale-indicators-suggest-worst-behind-us-bull-run-continue/

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