BTC and altcoins flashed bullish this week, but the perpetual contracts funding rate and Tether premium reflect a lack of confidence from traders.

Gucci, the luxury fashion brand, announced its official entry into the metaverse. The Sandbox (SAND) price reverses the previous two

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The GALA coin price shows a rising trend momentum as the downfall continues to challenge the $0.30 mark. Will the price succumb under $0.30? GALA is an Ethereum-based currency that powers Gala Games. It is a platform that is designed to revolutionize the industry of gaming by giving players control of their games. The goal of the project is to change the way players invest hundreds of pounds for in-game assets, as well as countless hours playing the game that could be removed from them at the touch of an icon. The project aims to bring back creativity to gameplay by giving gamers the ability to control the game’s assets and games by using blockchain technology. Let us move ahead to read about Gala Games technical analysis. Past Performance of GALA GALA token price fails to rise above the resistance zone at $0.40 resulting in a downfall of more than 20% in the past 72 hours. The retracement creates triple black crow formation in the daily chart. Hence, the rising trend momentum in the downfall creates the triple black crow pattern suggesting a bearish continuation. GALA/USD Daily Chart GALA Technical Analysis The GALA coin price shows an increased selling pressure as the retest of trendline breakout gains momentum. Therefore, traders can find the price falling under the trendline, generating a selling opportunity. The MACD indicator shows a falling distribution of the bullish histogram projecting a possible end of the bullish cycle. Moreover, the falling slope of the MACD line might shortly give a bearish crossover in the daily chart. The RSI Power indicator shows a sudden surge in the bearish power as the slope falls below to the 50% mark. Moreover, the slope can shortly give a bearish crossover with the 14-day SMA.  The Super Trend Indicator shows the price fall sustains above the slope projecting an uptrend in action. However, the fall within the trendline can catalyse the downfall below the $0.24 mark.  In short, the rising trend momentum favors the underlying bearishness in the GALA coin price. Upcoming Trend The GALA coin price shows increased selling pressure and lowers the possibility of post-retest reversal. Therefore, traders can find selling opportunities below the $0.27 mark with a target at $0.20. However, traders need to wait for the price action confirmation to avoid a bullish reversal. 

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Altcoin Daily host Austin Arnold says crypto investors holding these metaverse, non-fungible token (NFT), and decentralized finance (DeFi) assets should be excited by recent news. In his latest YouTube update, Arnold breaks the news that fashion giant Gucci has bought virtual land in the Ethereum-based metaverse, The Sandbox (SAND). Gucci’s plan to sell virtual fashion on the […]

The post Holders of The Sandbox (SAND), Algorand (ALGO), and These Two Crypto Assets Should Get Excited: Altcoin Daily appeared first on The Daily Hodl.

The GALA coin price shows a bullish breakout of the consolidation range in the daily chart. Will the sudden burst of buying pressure reach the $0.30 mark? Gala Games isn’t just one game, but rather, it is a range of games that put the fun first and blockchain at the back.  Users can use Gala Nodes, which are part of the Gala network. In exchange, they can earn rewards such as GALA Limited Edition NFTs, and other opportunities. The Gala Node ecosystem consists of three proof node systems: proof-of-work (PoW) and Proof-of-Stake (PoS) along with proof-of-storage. Let us move ahead to read about Gala technical analysis. Past Performance of GALA The GALA coin price action shows a growth of more than 30% in the past 48 hours, resulting in the consolidation range breakout. The rally breaks and reaches the crucial psychological mark of $0.25. Moreover, the recent jump creates a bullish engulfing candlestick in the price chart as it aims to surpass the 100-day EMA.  GALA/USD Daily Chart GALA Technical Analysis The GALA coin price action shows an incredible breakout of the accumulation range between the $0.18 and $0.22 marks. The price jump creates a phenomenal follow-through candle of the morning star pattern made at the bottom of the range.  The coin price breaks above the 20-day Exponential Moving Average and rises higher to breach the 100-day average. Moreover, the 50 and 100-day EMAs maintain a bullish alignment in the daily chart.  The RSI indicator shows the slope rising above the 14-day SMA and the central line in the daily chart. The jump comes after the bullish divergence seen within the range. Therefore, a bullish continuation is possible.  The DMI indicator shows the +DI crossing above the -DI in the daily chart proposing a bullish trend reversal. However, a falling slope in the ADX reflects a weakness in the trend momentum. In conclusion, as per the technical indicators, the bullish breakout of the range will show continuation on the upside. Upcoming Trend The GALA coin price broke the horizontal level of $0.22 with a significant price jump in the past 24 hours. Hence, the rising trend can shortly breach the $0.25 psychological mark and regain the bullish momentum.  Traders can expect the uptrend to reach the $0.30 to $0.35 mark if the trend momentum increases. However, a retest of the range breakout to $0.22 is also possible.

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As a confluence of technologies like NFTs, blockchain gaming, virtual and augmented realities, and digital fashion, the metaverse brings physical and digital worlds together. Metaverse innovation, particularly by using NFTs…

The post Sportswear Brands in the Metaverse: The Rise of Digital Athletic Fashion appeared first on CoinCentral.

Clarity Games is a blockchain game studio seeking to deliver a new era of blockchain gaming through fresh and innovative mechanics, world-class storytelling, and AAA talent. Clarity recently announced that its first project will be an adaptation of Dante Alighieri's Divine Comedy, with the working title Inferno.

Clarity was formed in 2021 as a joint venture between Founder & CEO Dante Venafro, blockchain-focused fund Alpha Sigma Capital and crypto holding company Coin Operated Group. As a Partner at Alpha Sigma Capital, Dante helps lead its venture strategy where he sourced gaming deals such as Splinterlands, Gala Games, and Altered State Machine.

Growing up as a gamer with Alighieri as his namesake, Venafro dreamt of providing this generation of gamers with the ability to experience the timeless story and universe of Inferno in a blockchain-enabled world. Venafro believes “the public domain nature of the literature mirrors the open source nature of blockchain technology, creating truly unique opportunities for Inferno down the road.” His belief in the possibility of bringing a new vision, fresh game mechanics, crypto-native economics, and carbon-neutral NFTs to the unfinished story of the Divine Comedy inspired him to bring together a team to make it happen. Venafro had been discussing the possibility of building a studio and technology infrastructure for blockchain gaming with Enzo Villani, Chairman of Alpha Sigma Capital, which led to a series of discussions with Ken Cron, Chairman & CEO of Coin Operated Group. 

Cron has a long history in the gaming industry, having served as Chairman & CEO of Uproar (sold to Vivendi Universal in 2001), Chairman & CEO of Vivendi Universal Games, and Chairman of Midway Games. As CEO of Vivendi Universal Games, Cron was among the first to see the industry-changing potential for MMORPGs as he spearheaded the funding of Vivendi-owned Blizzard Entertainment to develop global blockbuster World of Warcraft. Coin Operated Group is an active investor in the blockchain gaming space, and Cron serves as a trusted advisor to companies including Animoca Brands and GuildFi. “Web3 is revolutionizing gaming and empowering gamers in ways that nobody imagined a few years ago. What attracted me to Clarity is Dante's energy and commitment to building a passionate community and creating fantastic gaming experiences around this classic IP," said Cron. 

Clarity has been tirelessly recruiting talent and leading initial development efforts for the Inferno NFT drop and the game. When looking through the portfolios of leading game artists, Venafro came across Emanuel Palalic. As a senior character artist for id Software, Wizards of the Coast, and Lead Character Artist at Tripwire, Emanuel learned how to manage AAA art pipelines and had plenty of practice modeling demons for Doom, the classic FPS. In the most recent chapter, Doom Eternal, gamers battled the demonic forces of Hell – now Clarity's artists are imagining a new Hell inspired by the 9 levels of Dante's Inferno. Emanuel has also done work with Fvckrender, a popular NFT artist, and Charles Smith, the creator of the highly-anticipated gameverse Nifty Island. With Clarity as its first client, Emanuel established an art co-dev studio, Empty Vessel, which brought on Alex Palma, Ean Vasquez, and Nikolay Tsys, as well as Efgeni Bischoff of Dark Tree Games, to bring the vision of Inferno to life. This all begins with the launch of Inferno's first NFT Collection, the Inferno Founders Keys and class-based armor sets. 

Clarity has also recruited Joshua Rubin, the scriptwriter behind the never-released Dante's Inferno II, to join Clarity as Narrative Advisor. Rubin brought on his collaborator, India Weston, who joined as Lead Narrative Designer, and who is responsible for weaving the lore of Dante's Inferno into the gameplay.

Clarity's first NFT Collection, the Inferno Founders Keys, will enable collectors to claim a Helm, Shoulders, Chestplate, Gauntlets, and Legs, which are combined to complete their class armor set. Each complete set will unlock access to Inferno's crafting-based game economy that will provide opportunities to earn items, tokens and additional bonuses preparing holders for battle when gameplay launches. In its final form, Inferno is not a pay-to-play nor a pay-to-win game, but rather the Inferno Founders Key is a tool designed to reward early adopters and loyal community members with premier access to the Infernoverse through every stage of development. These collecting and crafting metagames will culminate into a prototype arena where players can battle with the items and skills they have prepared since the mint.  

The blockchain gaming space is heating up and Clarity's Inferno launch marks a vote of confidence in the future of crypto native games. Clarity will announce updates on the Infernoverse through their official Twitter (https://twitter.com/entertheinferno ) and Discord (www.discord.gg/theinfernoverse ) channels. 

About Clarity Games

Clarity Games is the blockchain game studio behind Inferno, which is an adaptation of Dante Alighieri's Divine Comedy. Clarity was founded in 2021 as a joint venture between Founder & CEO Dante Venafro, blockchain-focused fund Alpha Sigma Capital (ASC), and crypto holding company Coin Operated Group. 

About Coin Operated Group

Coin Operated Group is a holding company that acquires, incubates and builds platforms across the spectrum of crypto and blockchain. With a focus on Games, NFTs, DeFi and DAOs, Coin Operated Group partners with outstanding entrepreneurs and provides them with access to resources and support to scale their businesses.

About Alpha Sigma Capital

Active Investing in the Blockchain Economy.™

Alpha Sigma Capital is a pioneering digital asset fund founded by Enzo Villani, focused on the blockchain economy and the shift to a decentralized Web3 infrastructure. Since January 2020, the Fund's investment strategy and approach has resulted in 11 unicorns in under 19 months. The Fund is also the lead investor and sponsor group for Blockchain Moon Acquisition Corp (NASDAQ: BMAQU), a $115M SPAC focused on merging with a blockchain company. The Fund invests in companies and decentralized projects that are leveraging blockchain technology to provide demonstrable change and efficiency in financial services, artificial intelligence, supply chain, and biotechnologies. The Fund's research team is well known for its in-depth research and distinct analysis on growing blockchain companies.

Contact:

Sandra Ditore
Investor Relations
Alpha Sigma Capital Advisors, LLC
info(at)alphasigma.fund

Most of those who follow cryptocurrency will remember, or at least have heard, of the DeFi summer. This happened in 2020, and at that time, it looked like DeFi would be the prevailing use case for crypto and blockchain. However, a year later, some game resembling Pokémon took off. I believe everyone knows what I’m […]

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GameFi, blockchain gaming, gaming in general, and metaverse. All of these and everything linked to them has been extremely hot. The incredible growth and impressive potential has made billions of dollars for speculators, bringing and millions of people into the space. However, as with all new industries the competition is fierce and only a handful […]

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