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“Valorant will be big in the region” says Riot officials in an exclusive interview with TalkEsport

TalkEsport brings forth an exclusive conversation with Sukamal Pegu and Akshat Rathee in relation with the upocming Riot Games x NODWIN Gaming initiative, Valorant Conquerors Championship.

The post “Valorant will be big in the region” says Riot officials in an exclusive interview with TalkEsport appeared first on TalkEsport.

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Riot Games have finally announced a pathway circuit event towards the Valorant Champions Tour for the Indian and South Asian region in collaboration with NODWIN Gaming.

Named Valorant Conquerors Championship and boasting a prizepool of 2,500,000 INR, the event will culminate into a certain number of slots at the APAC Last Chance Qualifier, which will reserve one slot at the Valorant Champions Tour Grand Finals for the winner of the said Qualifier.

Also Read | Valorant Conquerors Championship – All you need to know

We at TalkEsport got an exclusive opportunity to talk to Akshat Rathee, MD & Co-Founder, NODWIN Gaming and Sukamal Pegu, Publishing Leader, India & South Asia, Riot Games in relation to the Valorant Conquerors Championship, the pathway to Valorant Champions Tour Grand Finals and much more!

Q. VCT is finally coming to India, with the Valorant Conquerors Championship (VCC). The entire region, I am sure, is excited and have been eagerly waiting for this day. What took VCT so long to arrive in India?

Sukamal Pegu: Let me start with a big thanks to our fanbase in the region. We are humbled by your support for the game and sorry it took us a bit of time to unlock VCT for South Asia. We always knew that VALORANT would do well here and we were very careful to bring to you the best of experiences related to the game, be it infrastructure, grassroots tournaments or local payments. 

When it came to VCT, we wanted to ensure that we find the best possible partner to deliver this here and we were literally spoiled when it came to partner Tournament Organizers choices in South Asia. When we decided to include South Asia in the tour, we had to make sure everything was in place, in terms of a delivery partner, logistics and operations. This took a bit longer than expected and so it might seem like we were late, but we were busy planning to ensure we did it the right way.  We are always listening to the needs of the South Asian VALORANT community and we will try our best to deliver them to you, without compromises.

Q. The Riot x NODWIN Partnership will be handling VCC. What made you choose NODWIN Gaming over other contenders for the project?

Sukamal Pegu: Like I said earlier, we are literally spoiled when it comes to potential partners in South Asia. The competitive VALORANT products in the region easily compare with the best in the world and some of them have broken records when it comes to participation and viewerships. NODWIN Gaming bring a solid experience of delivering some of the biggest international esports events for the region and we hope to deliver one of the best regional VALORANT events with this partnership

Q. Can we expect a better frequency in terms of the Indian region receiving some prospect of participation in Riot sponsored events?

Sukamal Pegu: For sure. VALORANT is a relatively new game and we are just laying the foundations for the esport ecosystem around it, globally. You will definitely see the South Asia region being a lot more visible in our roadmaps from now onwards.

Q. There has been a growing furore among players in the Indian and South Asian region about the increase in number of hackers. Should we expect a more vigilant eye and a more manual crackdown of such accounts and users?

Sukamal Pegu: We are aware of these incidents and we take them very seriously. Our game and platform teams along with our Player Support team are working hard to ensure that we are able to tackle misuse in our game. We are also vigilant outside the game to ensure that our communities are safe and inclusive for all.

Q. Have you been following the Indian Valorant scene? If so, do you have any favourites, be it teams or players?

Sukamal Pegu: I personally do follow all the premier partner events in the region. The quality of play I get to see from teams such as Global Esports, Team Mahi, Portal Esports etc. are simply outstanding and I wish them all the very best in the upcoming South Asian VCT event. I can’t wait to see them face off with such high stakes! (fan moment)

Q. NODWIN have always been at the forefront of bringing international level events to the Indian Esports scene. What does this partnership for VCT with Riot games mean for NODWIN Gaming?

Akshat Rathee: The NODWIN Valorant Conquerors Championship (VCC) as part of VCT 2021 for the South Asian leg is significant on many levels. Firstly, it’s our springboard for the community to have a slot for South Asia on the global roadmap of Valorant esports. Secondly, it’s a NODWIN IP that will set the goals for teams and players in South Asia every year towards VCT. And lastly, it’s our best chance to present top-notch content to the world. After everything that we have done in the past, the Valorant Conquerors Championship is more symbolic of the importance of the South Asia region and the impact of NODWIN Gaming on the global level. 

Q. This is NODWIN’s second big Valorant event, with the Agni series being the first. Was there any specific reason for NODWIN to wait so long before conducting another major Valorant event?

Akshat Rathee: We at NODWIN always look at incubating new tournaments and conducting them to serve a defined purpose. The attraction of doing “Just another tournament” is very high, however, we have to see how we can really bring value to the ecosystem. The VCC now has a slot towards the global VCT 2021 and that now fits the local to global narrative NODWIN always aspires for. Now that VCT has opened its doors for the region, I feel like there couldn’t be a better time to bring back VALORANT to our roster of IPs in a bigger way.

Q. One thing the people are yet to know about VCC, the upcoming VCT pathway event for the Indian Region, that you would like to reveal?

Akshat Rathee: It will be a hot event! *smiley face*

Source: https://www.talkesport.com/news/valorant/valorant-will-be-big-in-the-region-says-riot-officials-in-an-exclusive-interview-with-talkesport/

Blockchain

Shiba Inu’s days in the sun may be over; here’s why

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In a market full of investment-worthy coins, there are a few meme-coins such as Shiba Inu that do not offer much value, be it in terms of use-case or a strong network. Thanks to its strong community though, SHIB managed to surprise the entire crypto space.

However, it seems the community is not what it used to be anymore.

Shiba Inu sees a dump

On September 16, SHIB got listed on Coinbase pro, and people went into a frenzy. The meme-coin witnessed a 28.87% growth in 1 day.

This is the highest single-day growth since May and even then, SHIB could not breach its long-established resistance level of 0.00001010. SHIB has been stuck under it since May.

Shiba Inu’s price rose by 28.8% 48 hours ago | Source: TradingView – AMBCrypto

But that did not stop the SHIB supporters from reacting strongly. Within 48 hours, over 6.04 trillion SHIB was bought out of the market, figures that were last seen on July 26. This further led to the supply on exchanges falling to a 4-month low.

Shiba Inu’s supply on exchanges at a 4-month low | Source: Santiment – AMBCrypto

Why you should stay away from SHIB?

This kind of behavior is the exact reason why SHIB is an untrustworthy asset because it is literally treated like a pump and dump asset. The instances observed yesterday are similar to what we saw at the beginning of the July rally.

Its own community does not take it seriously and only appears during a price rise to cash out as much as possible. Active addresses and transaction volumes remain dormant and pretty low, regularly, and rise only when there is a price rise.

Shiba Inu’s transactions volumes | Source: Santiment – AMBCrypto

In fact, long-term holders cash out at the first sign of profits, too. Yesterday over 3.3 quadrillion coin days were destroyed, levels similar to which were earlier noticed, in July, showing the movement of old coins. If they had kept their holdings instead, the price would have remained stable.

Shiba Inu’s coin days destroyed | Source: Santiment – AMBCrypto

Adding to the pump and dump narrative, is the fact that in less than 24 hours, MVRV fell. Down from the strength of 2.0 into the negative zone at press time.

Shiba Inu’s MVRV in the negative zone | Source: Santiment – AMBCrypto

Simply put, there is no real value coming into the coin from the very loyal SHIB community as of now. However, due to its fanbase and hyped DOGE, it will keep blipping on the crypto radar every now and then.

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Source: https://ambcrypto.com/shiba-inus-days-in-the-sun-may-be-over-heres-why

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Blockchain

Making sense of Solana’s ‘extremely rapid’ growth

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When Solana experienced a crash right after hitting a new all time high on 9 September, traders and experts tried to make sense of the event. On “The Best Business Show,” investment expert Anthony Pompliano interviewed Kyle Samani, co-founder and managing partner at Multicoin Capital, to discuss the rising star-turned-meteor, that Solana has turned out to be.

From 4 cents to over $200

Pompliano began by discussing Multicoin Capital’s investment in Solana. He calculated that the initial investment had gone up roughly 3750 times since the initial round, when one SOL had been at $0.04.

For his part, Samani said,

“Solana today is growing at an extremely rapid pace. Users being on-boarded, assets being issued, stablecoins going into it – all of these things. Look at the last nine days: it’s just a vertical line from, call it a billion in assets to like 10 billion.”

While listing out possible factors for Solana’s success, Samani cited Solana’s speed and network, its NFT platform Metaplex, the rise in SOL’s price, and the stablecoins issued.

Network > Price

Inevitably, Pompliano brought up Solana’s crash – though he admitted calling it so was “hilarious,” in the context of the alt coin’s growth. However, Samani’s answer was a surprising one. He claimed that he tried to ignore prices and didn’t refer to Coin Gecko or Coin Market Cap. Rather, he preferred to focus on Solana’s network and its growth. He further explained,

“Our time horizon is measured in years, not weeks or months. So the question we will always ask ourselves, is you know, is this network compounding at a sufficiently fast rate? And if you really go dig into developer activity, user on-boarding, dollar flow in the system. . .all of those things right now are compounding at an astounding rate and I don’t think that’s going to slow down.”

Furthermore, the following infographic presents data on Solana transfers.

Could Solana kill Ethereum?

Samani spoke about Metaplex and how the NFT platform came during the NFT Boom of summer 2021. He noted Ethereum’s high gas fees and how many users saw Solana as a faster alternative. Even so, Samani admitted that he thought it was “improbable” for Solana to displace Ethereum. Instead he suggested the two would likely co-exist.

Samani also addressed a common criticism aimed at Solana, regarding the its centralized nature, due to the number of validators and the expensive hardware required to run it.

Samani called the criticism “valid” but “irrelevant,” pointing out that the trade-off meant better performance for users, reiterating the network’s rapid growth.

At press time, there were between 974 and 1000 validators on the Solana mainnet. Samani’s assessment of the alt coin was simple but memorable. He said,

“I don’t think there’s going to be another Solana.”

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Source: https://ambcrypto.com/making-sense-of-solanas-extremely-rapid-growth

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Blockchain

Will Bitcoin make a pitstop at $85,000, before racing to $100,000

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Even though Bitcoin has been making no major moves of late, the market’s bullishness on the coin continued making headlines, and all for the right reasons. After all, the king coin surprised the market before, with massive its moves that rendered skeptics silent. 

Bitcoin to $100K, by the end of the year is a much-anticipated move by the market. As we enter the last quarter of this year, Bitcoin is expected to push towards that major psychological barrier. However, even though Bitcoin presented a solid recovery from the May crash, at the time of writing, the effects of the September 7 flash crash hadn’t completely worn out. 

Nonetheless, as BTC presented around 3% daily gains and traded at the $48.5 level at press time, the market once again eyed BTC for some major moves. But before Bitcoin actually makes a move towards the $100K, its last stop would be the $85K mark which will confirm an upward move to $100K. 

The above observation was part of a market report by trading platform Decentrader ,which presented bullish signals in the near term, for BTC. It presented how we it could be setting up for a major run that first reaches $85,000 before breaking through the psychological barrier of $100,000, thereby making for an explosive Q4 2021. 

BTC looking hyper bullish 

In spite of BTC trading below $50K throughout the week, on-chain metrics have led analysts to stay bullish on Bitcoin price action. A report stated that the constantly decreasing supply of BTC on exchanges put upwards pressure on price in the medium term. With demand increasing as supply reduces, the price would go up. 

Further, another factor that contributed to Bitcoin’s bullish mid-term trajectory was its SOPR which presented a similar trend to the months that followed the March covid crash. After the summer crash where SOPR was heavily printing green candles, some minor selling at a loss was observed on this pullback from $50,000 too. Thus, SOPR flashed a sort of buy-the-dip opportunity as final sellers get flushed out before it moves higher, as was observed in Q4 2020. 

Additionally, Active Address Sentiment Indicator had reset with price change lower than active address change. With a pullback in prices alongside constant network growth, the market will look to catch up with network growth by noting price gains. 

Thus, the report presented a hyper-bullish possibility of Bitcoin reaching $85K by the end of Q4. However, Bitcoin’s options market didn’t look too big on gains at the moment with funding rate flashing negative signs. Further BTC’s global open interest by expiry indicated year-end expectations of around $65K which is almost $20K less than the target of $85K. 

So, is $100K too far?

Well, not really. The reason being that, from the July local low of around $30K Bitcoin registered almost 75% gain to reach the multi-month price high of over $52K. Notably from the current consolidating prices, another 75% price gain would land Bitcoin to $85K. So a rally like that over the next three months won’t be a big surprise. 

Thus, while BTC was consolidating, a squeeze upward should characterize the remainder of this year, similar to events from 2020. 

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Source: https://ambcrypto.com/will-bitcoin-make-a-pitstop-at-85000-before-racing-to-100000

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