The Polkadot Flips XRP
The magnificent DOT price rally just flipped XRP to secure the fourth position among the top 10 cryptocurrency ranking list. Polkadot price had a huge rally of more than 16% in the last 24 hours and a notable 76.62% surge in the past week.
The RSI yet again enters the overbought area and hence a slight retracement may be expected in the coming days as it happened very recently. However, the price is expected to continue rallying further to the levels much higher, may be above $50 also.
At the time of writing, the DOT price is $16.82 with a massive jump of more than 20%, currently on its new All-Time high. The market cap also surged more than $2 billion since the last 24 hours and hence obtaining the fourth position by flipping XRP.
ParisQ Price surges 37.29%, Expected to Hit $5 Soon!
ParisQ, known as the next-generation platform for monitoring and intelligence surged notably to smash its all-time high at $1.39 in the early hours of trading. The rally is expected to get intensified and attain $5 very soon, interestingly, some analysts believe PRQ price may even hit $10 by September 2021.
The collaboration of ParisQ token with the other platforms like Aave, Link, Ocean, etc may lead the price to the next level in the coming days.The PRQ price at the time of writing is $1.24 with a jump of 35.78% in the last 24 hours. However, currently the price is experiencing a slight correction which has pulled the price from $1.46 to the current levels.
Adding to the substance, altcoins appear to be more stronger than the major crypto assets currently. The dominant cryptos like Bitcoin price and Ethereum price are trending in a very narrow margin, giving scope for the other altcoins to soar. This may be an indication of the Altcoin Season beginning.
Ubisoft Gets Behind a New Free-to-Play Crypto Game
The free-to-play game based on Belgium’s Jupiler Pro League ties into the Ethereum-driven Sorare, which recently raised $50 million.
- Game publisher Ubisoft has developed One Shot League, a free-to-play crypto game.
- It was created in partnership with crypto fantasy soccer platform Sorare and uses its Ethereum-based digital cards.
- Ubisoft has made many moves in the crypto scene, and Sorare just announced a $50M Series A funding round.
Ethereum-based fantasy soccer game Sorare finished February by announcing a $50 million Series A funding round, and has now started March with another major move: the launch of One Shot League, a free-to-play spinoff created in collaboration with gaming giant Ubisoft.
One Shot League, which is available to play starting today, serves as an on-ramp to the core Sorare experience, which counts more than 100 officially licensed teams and leagues from around the world. Players must use a Sorare account, and can bring in some of their premium digital Sorare cards—which are non-fungible tokens, or NFTs—from participating leagues to receive a special boost in One Shot League.
Like the core Sorare game, One Shot League is a fantasy soccer experience in which players use digital cards based on professional players. The game is launching initially with only the official Jupiler Pro League license out of Belgium, which has five match weeks left in the current season.
Players who sign up for One Shot League now will receive 25 free Sorare common cards and can use five cards per week, earning points from each pro’s respective real-life performance to scale the online leaderboards. Should players sign up following the next match week, they will receive only 20 cards for the four remaining weeks (or five cards per match week), and so on and so forth until the season ends. At the end of the season, the top players will earn prizes including rare Sorare cards.
Interestingly, One Shot League’s development was led by Ubisoft, the global publisher behind such best-selling game franchises as Assassin’s Creed, Just Dance, and Tom Clancy’s Rainbow Six. According to Sorare’s announcement today, “Ubisoft has been working these past few months” to develop the game.
One Shot League comes from Ubisoft’s Strategic Innovation Lab division, which leads the firm’s Entrepreneurs Lab program for supporting myriad startups, including many in the blockchain space. Sorare is just one of many crypto startups that have participated in the Entrepreneurs Lab initiative, along with other projects such as Splinterlands and Nine Chronicles developer Planetarium.
This isn’t the first crypto game experience that Ubisoft has published, but it is another big step for a company that is by far the most involved traditional game publisher in the crypto space. Last June, Ubisoft published Rabbids Token, a CryptoKitties-inspired collectibles game built to benefit UNICEF. Ubisoft had also previously teased a Minecraft-inspired crypto game prototype called HashCraft, but it was never released.
Ubisoft has its fingers in other crypto initiatives, as well, including supporting games such as Axie Infinity and the aforementioned Nine Chronicles, as well as serving as a validator for the EOS blockchain-driven digital gaming store, Ultra. Nicolas Pouard, Ubisoft’s Blockchain Initiative Director, spoke with Decrypt last year about the potential he sees in crypto gaming. On the advent of NFTs in gaming, Pouard said at the time that Ubisoft sees it “as a way to allow players to become stakeholders of the games they love, at an unprecedented level.”
Last week, Sorare announced that it raised a $50 million Series A round led by Benchmark, with participation from Accel as well as heavyweight investors such as Alexis Ohanian and Gary Vaynerchuk. Sorare had previously raised a $4 million seed round in July 2020. The French firm plans to use the funding to expand its team, bring on additional soccer leagues, and create a native Sorare mobile app.
Top Shot, in fact, pulled in a staggering $225 million in sales last month, according to a new report from DappRadar. That’s nearly as much as all NFT sales throughout the entire year in 2020.
Sorare likewise had a good month. According to Bloomberg, Sorare saw some $6.5 million worth of card sales in February, and its most valuable cards can command significant sums of money: a Sorare card based on Paris Saint-Germain forward Kylian Mbappé sold for approximately $65,000 in December.
Multiple assets can ‘behave like ADA’ through Cardano’s Mary upgrade
IOHK recently went live with its planned Mary hardfork, a milestone upgrade to the Cardano blockchain. Through Mary, the network will now handle ‘non-native’ tokens, natively, creating a multi-asset environment on the blockchain.
According to a release shared with AMBCrypto, this solution was designed to allow any token to be represented on Cardano without the need for smart contracts or custom code.
These assets from other blockchains can behave in a similar way to ADA, Cardano’s native currency. This would allow businesses and developers to take advantage of Cardano’s speed, security, and reduced transaction costs. However, as proposed earlier, ADA will remain Cardano’s principal currency.
Product Director at IOHK, Aparna Jue, believed that native tokens are crucial in the rollout of smart contracts on Cardano. Over the next few months, IOHK team expects to see a “range of promising use cases for the utility of Cardano come to life” and added:
It’s not just native tokens this week, along with rapid expansion of Cardano’s funding mechanism, Project Catalyst, Cardano is now 88% decentralized, bringing us one step closer to not only having the world’s most advanced blockchain, but one whose future development is decided by its community.
With regard to the hard fork overall, during a preview session, founder of IOHK, Charles Hoskinson, said the transition to the Mary upgrade “should be fairly simple.” He revealed that IOHK has been testing the upgrade for almost a month and that the test “looks good, exchanges are happy.”
Amid the positive developments, ADA increased in market capitalization to over $39 million. It currently ranks as the third-largest crypto by market cap, overtaking that of Binance’s BNB token. ADA, which has hiked by 2,595% in the past year, ws trading at $1.24, at press time.
Bitcoin price could rally up to $50,000
TL;DR Breakdown Bitcoin continues to maintain steady progression. We might witness a rally to the $50,000 price level. A downward slope is not imminent as Bitcoin is tipped to surpass the all time $58,000 market price. It’s still good news for Bitcoin miners and investors as the cryptocurrency coin maintained a steady progressive movement after […]
- Bitcoin continues to maintain steady progression.
- We might witness a rally to the $50,000 price level.
- A downward slope is not imminent as Bitcoin is tipped to surpass the all time $58,000 market price.
It’s still good news for Bitcoin miners and investors as the cryptocurrency coin maintained a steady progressive movement after recovering from the previous low price of $43,000 to a whooping $49,551 just this morning. This rebound puts the market price further higher than yesterday’s $48,000 with a +1.40% increase as it trades when making this technical analysis.
According to Bitstamp, there had been a downward slope in the BTC curve since a week ago leaving the market vulnerable and BTC price shedding off a whopping 25%. A major correction as well as bold changes had seen Bitcoin brokering far under the proper ascending-price-channel as it had traded all through last month. Now, Bitcoin is taking a falling-wedge-pattern which can also be known as the textbook-bullish-formation. This falling-wedge-formation is quite evident with a 4-hour chart running on short term.
Bitcoin to break over $48,000 mark
Just along the pennant, bullish divergence signs and signals turned up on short term time frames. This also points to the 4-hour chart we made use of yesterday. Putting a close to the daily candles in the last 48 hours at the market price of $44,700, bullish-divergence turned out quite great in today’s chart.
Now, what does this mean? This means BTC will be able to breakthrough the wedge’s upper-boundary, go even higher and over the 4-hour 20-EMA, and finally soar over the $48,000 target or mark.
Thus, the right question anyone ought to be asking is if BTC will continue to soar even higher till it reaches the $50,000 psychological resistance-level. Better still, if the rise will continue and probably surpass the over all high price level of $58,000, which was just in February.
What to watch out for?
Key support levels: $47,200, $46,600, $44,750, $43,745, and it downwards.
Key resistance levels: $50,000, $52,500, $55,000, $56,112, and upwards.
The figure shows a downward trend of $47,200 (.382 Fib), $46,600 (4-hour’s EMA-20), $44,750, and $43,745 (.5 Fib).
The benchmark price of the asset would be at $50,000, $52,500 – the target of the wedge’s breakout, $55,000, and $56,112.
Note that daily RSI had moved towards the midline just like before, which showcased the dissipation of yesterday’s bearish-momentum. The RSI had now moved just over the midline on short term charts, showing how the short term bullish-momentum has finally appeared.
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