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Sony Reveals First Evo Community Tournaments 

Sony announced via its PlayStation blog the Evo Community Series, three Evo-branded community tournaments played exclusively on PlayStation 4. The annual fighting game tournament brand was acquired by Sony Interactive Entertainment and RTS through a joint venture partnership in March. The three competitions will run from June 10 – Aug. 3, will feature a total […]

The post Sony Reveals First Evo Community Tournaments  first appeared on The Esports Observer.

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Sony announced via its PlayStation blog the Evo Community Series, three Evo-branded community tournaments played exclusively on PlayStation 4. The annual fighting game tournament brand was acquired by Sony Interactive Entertainment and RTS through a joint venture partnership in March.

The three competitions will run from June 10 – Aug. 3, will feature a total of  120 tournaments, and a total prize pool of $74K USD. All of the tournaments will require an active PS Plus membership.

The three tournaments include the FGC Arcade: Evo Edition (North America, Europe), Evo 2021 Online Warm-up (North America, Europe, Latin America, Middle East, Asia), and the Evo 2021 Online Side Tournaments (North America, Europe, Latin America, Middle East, Asia, Japan). These will lead up to Evo 2021 Online, taking place Aug. 6-8, and Aug. 13-15, and will be open to North America, Europe, Asia, and Latin America. More details on Evo Online 2021 will be announced in “the coming weeks,” according to Sony.

Games being played (overall, titles vary depending on the competition) include Granblue Fantasy: Versus, Guilty Gear Strive, Mortal Kombat 11 Ultimate, Tekken 7, BlazBlue: Cross Tag Battle, Dragon Ball FighterZ, Mobile Suit Gundam: Extreme Vs. Maxi Boost ON, Skullgirls 2nd Encore, Soulcalibur VI, Under Night In-Birth Exe:Late[cl-r], and  Street Fighter V: Champion Edition

For more details visit the PlayStation Blog.

Source: https://esportsobserver.com/sony-evo-community-tournaments/?utm_source=rss&utm_medium=rss&utm_campaign=sony-evo-community-tournaments

Blockchain

What these Ethereum, Chainlink, Binance Coin market players are up to

Republished by Plato

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The cryptocurrency market is evidently going through yet another free-fall period. In fact, the price of a major asset like Bitcoin has dropped below $35,000. With Ethereum, the situation was a little worse as its valuation dropped below $2,150 for the 1st time since 24 May.

However, while price action screamed bearish on the charts, whales have been pretty active over this volatile period. Here, it is also important to note that we are still amidst strong uncertainty, meaning bulls have a chance to recover in strength.

Keeping tabs on whale activity might allow us to approach particular altcoins with more confidence, or keep away from the ones with possible red flags.

Ethereum Whales are on fire!

Source: Santiment

Ethereum’s value may have collapsed quickly from its ATH levels but since the aforementioned correction, the supply held by top addresses has steadily gone up. The percentage of the total circulating supply held by top ETH addresses had dropped down to 18.4% too, but it was 19.8% at press time. In quantifiable numbers, more than 1.3 million ETH has been accumulated by these whale addresses post the May 19th crash.

It is quite a contrary sight considering ETH’s price has been deflating, failing to break above $3,000. But, it can also be inferred that Ethereum’s future is what investors are concerned with. Ethereum is heading towards its largest Options Expiry on June 25th and it may have a strong impact on its price.

Additionally, it is largely anticipated that the London Hard fork is also going down in July, which will be introducing the EIP-1559 protocol. Ethereum also announced that on 24th June, the testnet for the hard fork will be going live.

Source: Santiment

For Binance Coin, the number of whale addresses increased as well and from a fundamental point of view, it made clear sense too. BNB runs everything related to Binance and the exchange’s position in the market is fairly strong, regardless of bullish/bearish conditions.

On a long-term basis, market recovery would always fall in line with a bullish recovery for BNB. The asset being 50% under its ATH levels can therefore be considered to be an ideal accumulation range.

Chainlink – No more strength in Hodlers?

Source: Santiment

Surprisingly, Chainlink is one of the assets that has seen a consistent decline in supply held by top addresses. Here, it is also important to note that the decreasing whale activity has been ongoing since the beginning of 2021. Curiously, earlier last year, whale activity had dominated LINK’s network, so it is a complete change from its previous level of engagement.

From a development point of view, Chainlink continues to develop partnerships and collaborate with multiple organizations for DeFi improvements, so a decrease in whale addresses may also mean higher distribution. And yet, a lack of higher hodling addresses might be indicative of falling trust in its long-term valuation.


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Source: https://ambcrypto.com/what-these-ethereum-chainlink-binance-coin-market-players-are-up-to

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Blockchain

Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?

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One of the market’s top institutional investors, Grayscale, has updated its list of investments in cryptocurrencies, adding 13 new altcoins to its portfolio. From Solana [SOL] to Polygon [MATIC] and KAVA, Grayscale’s new investments have introduced an inflow to several altcoins that have rallied since the beginning of 2021. Though their addition to Grayscale’s portfolio has turned the market sentiment bullish, there are other factors driving their price rally too.

In the case of SOL, the rapidly growing ecosystem of projects makes traders bullish in the long term. SOL’s price has risen as high as $38 while trade volume dropped by nearly 40% in 24 hours. A drop in trade volume could be interpreted as an accumulation and the beginning of a price rally.

To get started with DeFi and NFT ecosystems and projects, more traders are signing up for SOL and there has been a consistent increase in the number of active traders. Additionally, several oracle networks like Switchboard are bringing feeds to the Solana Mainnet. This has increased the popularity of Solana, making it mainstream and increasing the demand across exchanges.

Source: CoinMarketCap

Similarly, in the case of KAVA, MKR, and DOT, the social volume seems to be signaling an upcoming price rally. KAVA’s top features make it rewarding for traders to accumulate since the network fees are optional and rewards are relatively high, with the same recently hitting an ATH too.

What’s more, KAVA has emerged as one of the most rewarding DeFi projects since the beginning of 2021, with the same seeing a hike in trade volume and market capitalization. The said hike is also indicative of increasing demand across spot exchanges.

Grayscale is known for exploring new potential products and this may have driven them to consider the trending altcoins of 2021. However, considering these altcoins, in particular, signals the potential for relatively high short-term ROIs. Since the beginning of 2021, the market capitalization of these altcoins has increased consistently.

In the past week itself, the market capitalization has increased by over 20% for altcoins like DOT, MKR, and KAVA. MKR has emerged as a top volume gainer several times over the past two weeks and this makes it further lucrative for altcoin traders to buy MKR for relatively high short-term ROIs. MKR, KAVA, DOT, and SOL are likely to rally based on these metrics.


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Source: https://ambcrypto.com/are-solana-kava-maker-polkadot-good-bets-in-this-timeframe

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Blockchain

Ethereum: Will this level hold in the face of selling pressure?

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

The weekend curse seemed to continue as the global cryptocurrency market opened in the red on yet another Saturday. Ethereum was no exception to the trend and found itself burdened by selling pressure. At press time, the world’s largest altcoin was trading at $2,227, down by 4% in the last 24 hours.

Ethereum 1-day chart

Source: ETH/USD, TradingView

Ethereum’s daily chart pictured an ascending triangle breakdown after the price was rejected at the 20-SMA (red) and $2,540 resistance. A southbound trend ensued and losses amounted to over 13% from the bottom trendline of the pattern. The next question was – What level could provide support for ETH’s downfall?

23 April’s swing low of $2,080 was one defensive option. A bounce back from this region triggered a 100% rally in end-April and saw the digital asset hit its ATH above $4,000. While a similar outcome is certainly unlikely in a bear market, the line could offer support nonetheless.

Further down the charts, another support line rested at 23rd May’s swing low of $1,730. This area was further bolstered by the 200-SMA (green). Once ETH finds its resting ground, the focus would switch to certain resistance levels but the bulls would face an uphill task to target a break above $2,900.

Reasoning

The Relative Strength Index has been unable to break above 50 since the 19th May crash. This indicated that bears were still in control of market prices despite several recovery attempts over the last few weeks. The MACD did see some choppy movement since June but the same has failed to rise above equilibrium. Moreover, the On Balance Volume’s downtrend suggested that selling pressure was still dominant in the market.

While more downside was certainly on the cards, ETH’s support zones can be expected to alleviate incoming selling pressure. However, the price would be constrained going forward. The 20-SMA hovered next to $2,540 and gains would likely be contained below this line over the coming days. Even in the unlikely event of a breakout, ETH did not look ready to climb above $2,900 just yet.

Conclusion 

Ethereum can be expected to find support around $2,080-2,000 region moving forward. A sturdier form of defense rested at $1,730, should it be called into action. In case of a bullish resurgence, ETH could struggle to break above $2,540 over the coming days as bears still had the upper hand.


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Source: https://ambcrypto.com/ethereum-will-this-level-hold-in-the-face-of-selling-pressure

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