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The Crypto Trend No One Is Talking About – Gamedrops™

Agareum, a crypto-based game that operates off the newly developed Gamedrop™ technology has taken the crypto community by storm over the past six months. This project is the epitome of innovation meeting passion, where a group of developers and technology strategists from the global consultancy group, Coinfabric recognised an opportunity within the unserviced crypto niche of airdrop bounties. What was originally developed for the bounty community has now grown to so much more than just servicing one segment.  WHAT IS AGAREUM?  Agareum is a free-to-play casual game that mimics the well-known agar.io game whereby players are represented as cells in […]

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Agareum, a crypto-based game that operates off the newly developed Gamedrop™ technology has taken the crypto community by storm over the past six months. This project is the epitome of innovation meeting passion, where a group of developers and technology strategists from the global consultancy group, Coinfabric recognised an opportunity within the unserviced crypto niche of airdrop bounties. What was originally developed for the bounty community has now grown to so much more than just servicing one segment. 

WHAT IS AGAREUM? 

Agareum is a free-to-play casual game that mimics the well-known agar.io game whereby players are represented as cells in a petri dish. The difference is that Agareum currently offers all the skins and assets free of charge and players can earn tokens for competing in regular  Gamedrops™ that run on the platform. 

WHAT IS A GAMEDROP?

A Gamedrop™ is a gamified version of an airdrop, which allows Tokenized and Crypto focused projects to drop their token, or coin, directly into the platform allowing it to be distributed and collected by players who are battling head-to-head to fill their bags! This creates a competitive and fun edge, where community members can engage with the project and each other.

HOW ARE THEY USING BLOCKCHAIN? 

According to Agareum’s team the game uses Blockchain technology in a relatively simple fashion. In its current form, the technology uses Ethereum smart contracts to manage and distribute the flow of tokens between project’s running Gamedrops on the platform and the gamers who are battling it out to fill their bags. This technology will evolve in the coming months and enable further functions within Agareum, as well as other games by third party game developers.

WHY SHOULD YOU PLAY? 

The traditional token airdrop method has quickly become archaic, leaving a gap that needs to be bridged between projects and the ever-increasing bounty community. Projects often lack the opportunity to truly educate the communities on their token ecosystem, and the value within. 

Agareum is currently hosting Gamedrops™ that are set by an allocated amount of tokens for players to battle for and “fill their bags”. It’s a perpetual play-to-win system that incentivises casual gamers and the bounty community members to earn their share of the tokens that the project wishes to distribute. Due to the range in players from around the globe, it increases distribution in a fair manner and creates a fun, competitive environment to earn AGR or other tokens, charging players zero fees or subscription to participate.

HOW ARE THEY “CHANGING THE GAME?”

Free-to-play gaming models have seen significant traction in recent years and with Agareum’s recent mobile version release, they will increase adoption through additional access to play at almost any point in your day. The need to provide more engaging models for bounty hunters has resulted in the birth of a crypto game suited for people of all ages and preferences. An easy, rewarding, fun, competitive and free crypto game moving the industry one step closer to a world of blockchain gaming. 

To date, Agareum has garnered a community of over 9000 players with a whopping 291,000 games played to date if you include their stringent testing phase. They continue to see daily growth as the new release of the mobile version has offered increased access to play at any time throughout the day. 

Although Agareum is an easy to play game, it requires some practice and skills for the “survival of the fittest” environment they have created. It is the perfect balance of fun, skill and competitiveness to ensure a community remains engaged at all times. 

WHAT’S NEXT? 

Agareum is currently lining up what they refer to as “third party Gamedrops™” over the course of 2020 to allow their community members to fill their bags with multiple tokens, over multiple games around the clock. The strategic move has already encouraged an influx of players to register and improve their skills. The disruptive Gamedrop™ movement is new, but is sure to gain a significant piece of the airdrop market share when projects and businesses weigh up the value and brand equity advantages. 

There’s tons going on in world of Agareum and they show no signs of slowing down development any time soon, with new features in the pipeline for 2020 and beyond. If you’re interested to find out more click here

Source: https://coinbeat.com/the-crypto-trend-no-one-is-talking-about-gamedrops/?utm_source=rss&utm_medium=rss&utm_campaign=the-crypto-trend-no-one-is-talking-about-gamedrops

Blockchain

What’s in store for SushiSwap in 2021?

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Decentralized exchanges or DEXs have been registering significant activity over the past few months and SushiSwap is right up there with Uniswap. However, the Sushi token has held its own in the market since being criticized for being another scam project.

Over the past few weeks, its performance has spoken for itself but since the collective bearish pull, few questions have again been thrown in its direction.

SUSHI registers contradictory signs

Source: Twitter

As illustrated by glassnode statistics, the transaction volume of Sushi on a 7-day average has reached an all-time high of ~$17.5 million. The transaction volume refers to the volume moved on-chain for Sushi. Higher movement on-chain is indicative of higher activity for the token but at the same time, SUSHI’s median transaction volume has reached a 4-month low, suggesting that the median value of the transaction has dropped substantially in the recent past.

Statistics drawn from Sushiswap’s website indicated that the 24-hour volume at present is around $306 million, which is still far away from its ATH of $1.6 billion registered on 23rd February. The drop in volume has been consistent with the recent pullback but over the past 24-hours, the volume is up 10.34%.

Source: Sushiswap

In contrast, total liquidity has taken a hit over the past 24-hours, dropping 13.52%, declining from $3.64 billion to $3.08 billion.

SushiSwap: Expansion is the way forward?

The on-chain metrics have not meddled with Sushi’s plan as according to Joseph Delong, CTO of Sushi.com. Sushi contracts are now deployed on different platforms which include Binance Smart Chain, Fantom, Polygon, Moonbeam, and xDai chain.

The industry is currently speculating that the move has been inspired by the current surging gas fees on Ethereum. While Ethereum is on pace to settle over $1.6 trillion in terms of transactions in Q1 2021, many projects continue to look at other scaling solutions for growth.

While Sushi will possibly continue to gain more on-chain volume from Ethereum than other platforms, its expansion to other blockchains can be taken as a sign of flexibility in terms of keeping the activity consistent for deployment.

Source: Trading View

Chart analysis suggested that the asset has dealt well during the bearish onslaught and a renewed bullish momentum may allow Sushi to scale towards a new ATH before the end of March 2021. Currently, moving above the 50-moving average, a bullish breakout could be on the cards for the token over the next few days.


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Source: https://ambcrypto.com/whats-in-store-for-sushiswap-in-2021

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Charted: Uniswap’s UNI Enters Top 10, Why It Could Soon Test $42

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Uniswap’s UNI climbed over 10% and it even broke the $34.00 resistance against the US Dollar. A new all-time high is formed near $34.60 and the price is likely to rise further.

  • UNI gained pace above the $30.00 and $32.00 resistance levels against the US dollar.
  • The price is trading nicely above $34.00 and the 100 simple moving average (4-hours).
  • There was a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI/USD pair (data source from Kraken).
  • The pair is likely to continue higher towards the $36.50 and $40.00 levels in the near term.

Uniswap’s UNI Breaks $34

After a sharp downside correction from well above $30.00, UNI found support near the $20.00 level. It traded as low as $18.68 and it recently started a fresh increase. It broke many hurdles near $25.00 to enter a positive zone.

There was a clear break above the $28.00 resistance and the 100 simple moving average (4-hours). There was also a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI/USD pair. The bulls even pushed the price above the $32.00 resistance.

Uniswap’s UNI

Source: UNIUSD on TradingView.com

A new all-time high is formed near $34.50 and it seems like the price could rise further. An immediate resistance is near the $36.50 level. It is close to the 1.236 Fib retracement level of the downward move from the $33.17 high to $18.68 low.

The next key resistance is near the $40.00 level. The next major stop for the bulls could be $42.00. It is near the 1.618 Fib retracement level of the downward move from the $33.17 high to $18.68 low.

Dips Supported?

If UNI price fails to settle above the $35.00 zone, it could correct lower. The first major support is near the $32.50 and $32.00 levels.

The main support is now forming near the $30.00 zone. A downside break below the $30.00 support might open the doors for a push towards the $27.50 support. Any more losses may possibly lead the price towards the $25.00 zone.

Technical Indicators

4-Hours MACD – The MACD for UNI/USD is gaining momentum in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for UNI/USD is well above the 70 level.

Major Support Levels – $32.50, $30.00 and $27.50.

Major Resistance Levels – $35.00, $36.50 and $40.00.

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Source: https://www.newsbtc.com/analysis/uni/uniswaps-uni-enters-top-10/

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The number of BTC held on exchanges crashed 20% in 12 months

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Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months.

The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch.

On March 6, Glassnode also shared data revealing that coins purchased during 2021 were not moved at a loss during the late February dip, according to on-chain analysis.

The firm’s “Hodlwaves” metric, which measures the time since coins were last moved on-chain, also points to increasing accumulation activity.  Hodlwaves data published on Feb. 22 indicated 57% of Bitcoin’s supply has not moved in more than one year. However, more than one-third of said BTC have not moved in more than five years, suggesting that a significant portion of the coins may have been lost.

The increasing popularity of decentralized exchanges and DeFi yield protocols may also be driving the diminishing supply of BTC on centralized exchanges.

Evidencing strong demand for Bitcoin in the DeFi ecosystem, the total value locked, or TVL, of BTC tokenization protocol Wrapped Bitcoin has increased by more than $1 billion since the start of March, according to DeFi Llama.

Wrapped Bitcoin TVL: DeFi Llama

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Source: https://cointelegraph.com/news/the-number-of-btc-held-on-exchanges-crashed-20-in-12-months

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