This proof of concept NFT can swipe unsuspecting users' IP addreBoth OpenSea and Metamask have logged cases of IP address leaks associated with transferring nonfungible tokens (NFTs), according to researchers at Convex Labs and OMNIA protocol.
Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like OpenSea allow vendors or attackers to harvest IP addresses. He created a listing for a Simpsons and South Park crossover image, entitling it “I just right click + saved your IP address” to prove that when the NFT listing is viewed, it loads custom code that logs the viewer's IP address and shares it with the vendor.
Nfttoken
APENFT looking to cross above 200maThe ascending red channel is hypothetical. APENFT has been coiling inside of the orange triangle since it's inception, bringing along several nice pumps, and subsequent dumps. However, the productivity of this project has been steady and seems to have nice upside potential. You can "mine" this coin on SunSwap by providing liquidity. It's massive supply looks to support the NFT world and it's websites houses several big-name art pieces. If this triangle is broken sometime between now and April, we could use this red channel as a trading mechanism. For now, this bottom might be an attractive accumulation zone.
Governments to clampdown on NFTs 2022 – Hoskinson predictsFounder and developer of Cardano, Charles Hoskinson has predicted that in 2022 and beyond, governments and regulators are going to clamp down on Non-Fungible tokens (NFTs) similar to how they’ve acted with cryptocurrencies and Initial Coin Offerings (ICOs).
Hoskinson predicted in a YouTube video on the eve of 2022 while speaking about the Cardano project and crypto industry entirely.
He expressed confidence that 2022 would be one of the best years for Cardano, outlining that the system has made a lot of progress with affiliates and community projects.
The mathematician said 120,000 people attended the Cardano summit in 2021 and people saw how the ecosystem works for themselves.
He also outlined that the market grew too quickly and that “we’re going to digest as an industry the consequences for better or worse of becoming so big so quickly.”
IMMUTABLE X ( an economic analysis into the beast)Hello traders and investors! 👋😃
Good day, and please take a moment, relax and come on this journey with me, where we examine in depth, Immutable X and it's partners. I am limited to my posting abilities for specific graphs/images here on Tradingview, so I HIGHLY recommend that you would please take a look at the link I have provided below, which is word document that goes over everything in greater detail.👌 Everything on this idea is sort of an introduction to the information that is provided in the document.👍
1drv.ms
Thank you so much for understanding.. now let's take a dive!!! 🌊🐳🏄♂️
👇👇
🥰
*** NOTE ****
We are in the DUES phase of the chart depicted above🆗📈👍
An Economic analysis Into Immutable X/ETH, along with 3 major Play-To-Earn games
A Low Risk/High Profit forecast.
Disclaimer:❗❗👋
I’d like to start by clarifying that this is strictly an educational idea. This is speculation mixed with fact, and 🛑This is never financial advice🛑.. I’m good at what I do, and not often wrong. But do your own due diligence before making any trade/ big investment.🆗💲💲
GOALS:
In this Idea💭 I’m going to be explaining how Immutable X works🔎🧐, and Its relationship 🤜🤛💱👩🏻🤝🧑🏻to Ethereum .
We are going to examine play to earn game titles such as:⏬
Epics, Crypto Space Commanders, and of course God’s Unchained Itself. Whilst going over previously mentioned play to earn games, we will examine opportunities for low-risk high-reward profits along the way.🚶♂️😃🏕⛺💲
Also, we plan to provide loads of fundamental, and technical confirmations of a huge breakout In games with very expensive NFT’s which will soon be featured together on the Immutable X marketplace. Many of the gains also have multiple tokens.
Immutable X: 🆗✖🆗✖👇
Immutable X was the first1️⃣🎉 layer two scalability engine to be dropped on top of the Ethereum blockchain⛓. It utilizes ZK-Rollups to bundle hundreds of transactions into one single transaction. This single transaction Is deconstructed by smart contracts to verify each transaction individually, using a, “Zero-Knowledge Proof” method for publicly recording transactions on the Ethereum blockchain⛓. The process reduces the amount of computational power required to validate blocks✔⬜.
Immutable X Explained
~Immutable is most widely known from God’s Unchained, their play-to-earn Dapp game.💲🕹🎴
~Immutable X utilizes layer two scalability to provide gas free trades🚙👏🤞, and Instant NFT trades up to 9000 plus TPS~Transactions Per Second.🤯👍
~The Immutable X engine facilitates 600 plus more TPS than other marketplaces on Ethereum .💪
~Since the project uses entirely no tokens💮☪🚫, the protocol cannot be subject to 51% attack or ransom attack ⚔🗡🛡😎
~Immutable partnered up with Starkware last year to make the Immutable X project happen.🗓📌📆
~Prior to Starkware, Immutable had been in development for several years🕘👌 by some of the best😄.
~Currently only the recent Trial Of The Gods expansion of Gods Unchained is listed on the Immutable X Marketplace.👌😮
To quote💬 Immutable X Co-Founder Robbie Ferguson,🧔💭👇👇
“The security of this future world should not be owned by large corporations, venture capitalists, a government or one Individual. It has to be something truly decentralized, owned by the world. That’s why we’ve chosen to scale Ethereum rather than a centralized blockchain”.
So let’s speculate on Vitalik Buterin, and Robbie Ferguson??? : 🆗
I truly wish I had the chance to pick the brains🤔🧠 of such brilliant, well geniuses/revolutionaries👨💻👨🔬. I often analyze their behavior, so I can determine their incentives. Trying to get into crypto geniuses' heads can be like trying to take the digest of a hash➖9️⃣🔢*️⃣▶5️⃣3️⃣↩↪, and flip It🥴. They are thinking several steps ahead, just as I aim to.. but here goes. It’s not hard to see that the two are pretty tight. I anticipate Vitalik has quite the court going. Now Robbie Ferguson Is a perfectionist, which is a big driving factor in his success. When he says something is going mainnet on a certain date, don’t get It twisted, it will mainnet not a single day early. Good business If you ask me. Yet, Ethereum was over gassed⛽, and got put off several months on another layer 2 scalability engine that was set to drop on the Ethereum Blockchain. Immutable X came out several weeks early.
Right now the Immutable marketplace Is a joke😛🤪 Let me explain.⏬
During Ethereum’s last Bullish Impulsive phase🐮↗, gas fees⛽🚙 were starting to spike pretty hard😬💲👎, It was like a bad acid trip. Vitalik had Incentive to utilize Immutable X assets to help Gwei per transactions come down. Frankly, there Is no doubt In my mind the man runs a tight court. He deserves every bit of It. I dream of being able to donate a billion dollars to people struggling from the pandemic. I wonder how that affected the price of Ethereum? Well, I do know that lately and after a nice healthy correction, gas prices aren’t terrible (at the right time of day.) Conversely, the Immutable X engine Is more congested than I’ve ever seen it to date. I’m willing to bet my stack that Vitalik Buterin Is the type of man that looks out for his court. Things are changing folks, embrace the change, or embrace the suck. To be honest, that’s your prerogative, but big things are In play right now. The Immutable X marketplace release will be timed perfectly, to maximize utility. Understand, that we now sit on the borderline between the DEUS , and COSMOS phases (see chart above📈💹⏫.)
Source:🔽🔽🔽
www.google.com
Immutable X line up
This marketplace Is going to be putting together some of the most expensive NFT’s around💥💮🎴🥈. Immutable has a very Impressive line-up of partners. In this Idea we’re going to be focusing on just three1️⃣2️⃣3️⃣ of many great titles🤴, because they are the three I know the best. By the way, In the current state of the market people are hitting my price ceiling of layered Trial of the Gods Cards🎴⚔. Instead of raising this ceiling, embracing my inner market maker, I decided to just pull them out of the market completely and Hodl.
I’ll sell them for 100x if Immutable's first expansion genesis taught us anything. Robert Greene asserted In his book Mastery,’ The future belongs to those who learn more skills and combine them in creative ways.” These are some of the titles on Immutable ✖'s lineup :👇👇
Epics GG, Guild of Guardians, High Rise, Gods Unchained, CSC , Illuvium, War Riders, MCH ➕ (My crypto hero's plus)
Let’s check out Crypto Space Commanders🚀🛸, is a supply shortage Imminent😮?
I’m an Economist, I look at things In terms of analytical geometry and the inverse. We are talking about basic supply and demand here in regards to CSC🛸. Some of the ships in the Alpha-phase have sold for upwards 18 ETH💲👏, need I say more?
The point I'm alluding to is CSC has a substantially lower player base than some of the other games going on the Immutable marketplace. The NFT’s in the game are very expensive. That being said, I’ll explain why I’m not asking myself whether these NFT’s are about to go 10x, but If they will surpass 100x. The increase in demand from people flowing into CSC from other Play-to-Earn titles(with higher player base,) will raise the prices. More players In the game means less opportunity for gains. Together, I’m forecasting a supply shortage which will further increase the price of not only CSC NFT’s, but value of their two tokens ( GFC /Galactic federation credits, and GRP/Galactic Reputation Pips.)
The CSC play-to-earn model
In the game🎲🎴, the players mine ore⛏🌑 from asteroids☄🌠, or earn loot from fighting npcs. Additional earnings🤞 can be acquired when you brave fringe space💫🌍🌌 to hit very valuable ore veins, at risk of being destroyed by pirates⚔💂♂️🏴☠️. Once destroyed in fringe space, you lose all the NFT’s on your ship😥(which could easily amount to a several thousand dollar loss, if you fail to pay attention to detail.) You see, the ore you mine can be refined at a price, which makes it highly valuable. Refined ore💎, is then turned into all the components necessary for crafting anything from ships🛩🛸, weapons🔪🏹💣, armor and even mining equipment. There are different tech levels of equipment with more to be discovered at a price. If you have a bunch of expensive NFT’s like myself, you can have your own refinery, in return, increasing your mining earnings .
Now, you can play this game for free, but there is a 20 dollar💲2️⃣0️⃣ pack available. Purchasing the pack will literally save you days of play, as you grow at an exponential rate. Not extremely exponential, but certainly not linear, or logarithmic. Doesn’t this sound like Eve in it’s Infancy? Serves them right for atrocities the Eve leadership team committed among their players. I would suggest anyone who plays Eve, drop the game promptly💩, and get in on the ground floor of CSC🥰. Earn to play, not pay to earn💃🕺. CSC has a great referral program, however, I won’t be providing my referral link, as this is an educational idea. When you Invite people to join CSC , you will earn whenever they buy anything, even if it’s from you. Getting friends or acquaintances in with your link is an opportunity for affiliate marketers to make grandiose amounts of money🤑😄💲🆗..
They tax you to refine ore, as I previously mentioned. Having the NFT’s💮 to build a refinery🌆🌇 certainly helps.
FOR MORE INFORMATION ON CSC: ⏩⏩⏩ Please consider looking at the word document above where we have much more content, statistics, imagery, and graphs.
Epic.gg🎴🎴
Epics is essentially a fantasy CSGO game. You can play the partly on your phone. While the website Itself Is a much better platform for trading. This Is one of the Play-To-Earn games💲🕹 I recommend to everyone. The value you get from playing It Is very high per unit of time. There are cards dating back to late 2018 in their founders edition. They sell signed cards, and hybrid digital/physical combination sets, like Ether Legends. Epics make their money by the cut they take out of trades, plus the distribution of pack sales, that sell out In minutes. Because the game uses a mint system to classify cards, the value of any card can be substantially different, regardless of rarity. The earlier the pack mint date, the more valuable, let me provide an example!
This Is what we would typically expect to see In a market where lower mints are more valuable. The price rises, with decreasing mints(depicted below.) The prices of these Epic’s cards are moving towards equilibrium. This Is not the norm. The norm Is people not understanding the value of their Mint’s, and selling very low. So I scalp their cards.🐱👤😎 So should you. Trading is a zero-sum game🤷♀️🤷♂️.. Don’t ever forget it, or the people that accept the fact there’s someone on the opposite side of every trade, will walk all over you. Don't let that be you!! 😄🤍
More on the whole picture:
Epic’s presents an opportunity for huge gains with little risk, CSC is similar. God’s Unchained is not. Why Is this? Well it’s easiest to explain why Epic’s and CSC are safer. Epic’s would be fine If Immutable X failed, it would be picked up by another layer 2 scalability engine. CSC Is part of Lucid Sight games, who would also land on their feet🤸♂️🦶👌. But, It’s Important to understand correlation. God’s Unchained Is very correlational to Immutable X, which Is In turn correlational to Ethereum . I would say the correlational is large right now🤔. If Immutable-X were to fail, Gods Unchained cards would lose substantial value😨.
So, I have to consider the probability of all outcomes🤨😄✏📝. This brings Into question for me, how did Starkware link up with Immutable to make Immutable X🤔💬💭? The reality is, Vitalik ButerIn is clever enough to have made that happen. I mean Gods Unchained is forever engrained in the history👴🧓🕙 of NFT’s🤷♂️. It will be talked about like CryptoKitties 😜🐱 in no time.
GODS UNCHAINED!!! 📌🌬🎴🎲
Let’s start this Gods Unchained overview by mentioning how you can earn now by playing God’s Unchained: First off, every weekend is, “Ranked-Constructed” play, where you can earn free packs for playing🤗. (We have a graph below which describes what you earn, depending on the amount of games you win out of twenty five, as well as your starting rank. As you can see, the more games you win, the higher quantity and quality of cards are earned.🥳 Things get a lot more intense once you reach Mythic level, but you’re gonna need a fairly expensive deck to make that happen. Some of the first expansion Genesis cards that help you to reach Mythic level are crucial🔑, they sell at ridiculous prices though. Graph mentioned previously is listed in comment update (You can find the same graph on the Immutable website, along with a lot of other useful information)
CSC , and Epics which could skyrocket in value any day. Immutable plans to release another expansion as well, they are currently In the process of minting all the cards from the base and genesis set, onto Immutable X. I have several confirmations they are almost done with this; Such as the Mythic draw due to happen any day now, which people who bought Trial Of The Gods cards got raffle tickets for.
Over the past four days, Immutable X has been transacting very slowly compared to the norm🐢⏳⏰. Frankly, in the three games we went over, content release has been held back. CSC hasn’t had a promotion, which they usually do often. Something very big Is coming.. I’d Imagine a lot of games on Immutable X pump hard🐮🆙, making millionaires,💲 no doubt. It’s Important to note God’s Unchained has a good referral program too. Check It out!
Summary
Please feel free to comment📝✏💬 , questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😪 below in the comment section or contact me directly with any thoughts💭🤔, or questions and let me know what you think about this Idea. Speculate away. 😅😁I bet on Immutable almost a year ago. I hope everyone learned something about some good opportunities to buy the dip In Dapp games with high profit, low risk potential with high probability. Immutable has inspired me to work on my own Play-To-Earn Dapp game, as we have similar taste in games. Follow the upcoming releases from Immutable. I’d Imagine they had some sway In what Dapp games they picked up. I’m getting into pre-alpha no doubt. Thank you so much for considering my take on these 3 games and Immutable X, along with the immense profit potential I personally am noticing here.
Thank you so much!!!☺
Jazerbay 🐶
OGN at a crossroads!*important consideration:This analysis was strictly from price action, chart patterns, and MA analysis. I did not consider any internal indicators, which tell or support their own story, separately.
BINANCE:OGNUSDT COINBASE:OGNUSD
$OGN #OGN Day of Reckoning
🐮 Case
1. Holds sma 50 & bounces @.97cents
2. Holds sma 200 & bounces @.90 cents
🐻 Case
3. Loses sma 200 @ .90cents
4. Completes neckline of H&S @.84cents 😬
+ current bull market, 5. golden cross on 11/18, and price action currently above the 200sma
- multiple ema x bearishly
Is OGN🐮 or a 🐻?
6. Could we get a bounce, uptrend, recovery and a way we go like at the end of October where price action was generally more bearish under both the 50 and 200 SMAs? Possibly...
*Not financial advice
Sell SENSO now, Buy it When it Dips and Hodl Medium Term Whenever I see momentum of the 5 day MA begin to even out after a rally, I expect it to come down and meet the 30 day MA, where once it crosses, it will drop another 10-20%
I plan on selling now, then buying it back at the levels shown in my chart. Easy 2x if played correctly.
IMX-USDT fundamentals behind the ticker (PLEASE READ)Hello, thank you for coming today 🙂
Short Technical Analysis:
Warning ❗❗❗ Stochastic is currently extremely overclocked on 4hr view. Picture is more for fun, this post is to explain fundamentals of this project/token.
The price action has led to a surge in demand as IMX pushes up towards ATH. You might want to keep an eye on this one. It pulled another 20 percent in the first 4 hours of the day today.
⚡I will try to keep this post updated with more accurate TA as we go on.
⚡Note that this is more a fundamental/Hodl approach and it is possible that we see a correction in the price before more bullish activity.
⚡Invest at your own risk.
⚡See post in link where I went in depth into explaining why this project would explode before it happened
Fundamental dive: 👋💭💭💭
This chart is a little wild👽 so let me explain.⏬⏬⏬
Starkware technology partnered with Immutable creating IMX. NOTE📌 that Immutable used to be called Gods Unchained, once the devs(developers) of the game started to branch off with Starkware to create more utility for their name in the metaverse, they rebranded to be considered Immutable, which entails much more than just the Game Gods Unchained as of late. The fact that these two big names came together to birth Immutable X 👶, is surely being reflected in the price, as you can see above.📈
So now that we know how Immutable X was created, let's get more into what it entails.😀
Immutable X (IMX) is a layer 2 scaling solution built on top of Ethereum.
Created to be an NFT marketplace 🎴🕹🖼 by Immutable, (also the company behind God's Unchained,) Immutable X utilizes zk rollups or 'zero knowledge proofs,` to reduce the gas frees that we've all learned to dread on Ethereum.
📌NOTE⚛📝📌 Immutable X can perform up to 9,000 transactions per second through the use of it's zero knowledge proof rollup system. This easy way to verify transactions on the Immutable X also means there are no gas fees 🤞🚗
The marketplace (Immutable X) first held only God's Unchained cards, now some pretty big names such as Tik Tok use it to sell their influencers NFT's. More yet, Disney, Marvel and the ESL are now building on Immutable X. Coinbase itself is invested in the project and this information is stated on their website. The beautiful thing is that anyone can utilize the API⏩ (software that connects applications) and build on IMX if they decide to. The games Guild of Guardians and Illuvium are being made to compete with AXS ( Axis) and will be building on IMX.
An important note is the Coinlist FUD
The people that bought IMX presale through Coinlist, didn't get their tokens until the 9th of this month, despite the coin coming out on the 5th.
You can see how the chart dumped from previous mentioned point A to point B, but in reality it was just psychological.👌
Furthermore, a substantial amount of IMX was actually airdropped to the holders of God's Unchained cards. Priority in the pre-sale was also given to early supporters of Gods Unchained (explained in depth in previous post.)
Tik Tok influencers are starting to talk about IMX. The Crypto Stache was asked on Around the Blockchain days ago what his most bullish pick was for the week a few days prior and he responded IMX. The man was dead A💲💲 accurate..
💫💫💫 As we know, Bitcoin fell recently from ATH and the market bled, simultaneously, IMX pulled 40 percent gains and it looks like it's only just begun. It's not too far out to imagine Coinbase mafia listing their partner in the future🕞🕖. It got listed on 8 exchanges one day, including FTX which is pretty dang impressive⭐🔥.
The easiest way to buy in U.S is probably SushiSwap . It seemed pretty suspect when they decided instead of airdropping IMX to the U.S, they gave two options: A.The amount of IMX you would have been airdropped, but in USDC at ten cents per coin like the first presale price. B USDC reflecting the average price of IMX every day for thirty days. Safe to say some people are actually crying themselves to sleep right now because basic math is hard for them and they chose option A .🤣
If you'd like to learn more I strongly recommend you hit up Immutable X discord and go to degenerate price talk. There's a lot of speculation going on in this one right now. So much that they decided to create this channel (degenerate price talk) for us to discuss price and for some people to FUD their brains out. Not seeming to work so well for the fudders post launch, they are looking pretty wrecked atm. Unfortunately there were noobs that listened to some of these fudders and thought the coinlist release would push the price sub 2 and even 1 dollar. The equivalent to taking advice from some of the trolls on TV basically. Keep an eye on this one guys because anything could happen here. IMO the FOMO has only just begun and the Tik Tok influencers such as Gary V, are and will continue to be telling all their followers about IMX, which will in turn leave them hungry to get into crypto, in conjunction with the headlines they have been seeing everywhere during this bull-run about how cryptos gone mainstream. I'm letting all these big players do the lifting for me at this point because this one is only just started to go off and everyone is going to be talking about it soon, they don't even know it yet🐶.
🛑🛑🛑🛑🛑This is not financial advice🛑🛑🛑🛑🛑 I always recommend looking at multiple charts when making a big investment
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay ☯
NFT Protocol - Smallcap with potential to 10-50xNFT DEX concept that has been hitting their roadmap targets - has potential to gain significant userbase. Cap is around $6m at this time, great bet to pump imo. Ticker is NFT and they own www.nft.org as their domain.
Please note - this chart is for ApeNFT (TA looks decent, also not a bad bet) as NFT Protocol isn't listed on TradingView yet.
Buy at your own risk, I myself have bought in a little and have no affiliation with this project.
APENFT upside potentialMost of the APENFT team members are experts from the traditional art industry with experience in renowned art institutions, such as Christie's and Sotheby's.
Core members include professional engineers with blockchain and cryptography related experience from leading internet companies such as BAT.
APENFT is a leading player in the NFT field both in terms of its team and technical capacity.
TRKA is about to make a big move upTRKA is about to blast off
Check the chart it has been going up and down for more than two weeks , now its trying to soar high
It worth a try
Everything is on the chart
Trade Safe
The Next AXS Target in November 2021 (NEW ATH)I use several tools to determine the movement of AXS (Axie Infinity) pattern, such as:
1. Support and resistance techniques
2. 3 rising valleys
3. Elliot triangle waves
Timeframe to All-Time High is 4th week of november 2021.
the research is based on previous data from the AXS token pattern.
Altura (ALU) token dropped 50%Altura (ALU) token dropped 50% and is bouncing on its 20-period moving average.
As for me, I'm starting to accumulate positions again. I have a long-term bullish view for the NFT market.
I don't enter full position because it is very volatile, but I like it as an entry point.
Altura is a place where game developers can make and sell in-game items. These in-game items are called "NFTs" or Non-Fungible Tokens.
They have properties that can change if specific conditions happen, like when the player levels up.
Smart NFTs are made for people who want to trade their in-game items with others online, and they offer many opportunities that you cannot get with traditional NFTs.
Disclaimer
NO FINANCIAL ADVICE – The information on this website is for educational, informative, and entertainment purposes only. No express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for a particular purpose, is given with the Information.
This article is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other form of advice.
This post's information is general in nature and isn't meant for you or anybody else. You should not rely on any of the material found on this post to make a financial, investment, trading, or other decision without first doing your own due diligence and consulting with a professional broker or financial advisor.
You understand that by reading any and all information on or through this post, you are doing so at your own risk.
The trading of cryptocurrencies, Tokens and NFTs has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
Strong uptrend momentum after the Polkacity video demo launchThe Polkacity project is a Metaverse-related initiative that was just launched. It's a virtual metropolis where users can engage, perform activities, and purchase goods using NFTs.
On October 30th, the game's first video was published to YouTube. Despite retracing it, the token linked to the game Polkacity (POLC) has continued to rise.
The POLC coin is used to purchase NFTs within the Polkacity metaverse ecosystem.
NFT/USDT cup and handle patternHello ! This is a really good opportunity to enter before this coin skyrockets ! We are in handle right now which looks like a clear bullish flag ! Let’s wait for the break out and volume increase! We can enter only after the break out ! I would not put stop loss for this pair i am looking in like investment for long term not only for daily trade ! Good luck
Altcoin Gems 2: $EFI by EnjinHi everyone,
In light of the upcoming Polkadot parachain auctions, I would like to introduce you to a coin aiming to win the NFT parachain slot – Efinity, developed by Enjin.
I’m a big fan of Polkadot as I believe its ecosystem will become the core of tomorrow’s internet, and with NFT a booming industry I believe Efinity is easily a 10x coin. Enjin’s ERC20 coin ENJ has printed ca.2000% YTD returns, and I believe EFI will follow suit.
The Team
Enjin are pioneers in the NFT industry, and are responsible for the development of the ERC-1155 standard for NFTs on Ethereum. Enjin's leadership team are also behind Efinity - Maxim Blagov and Witek Radomski, the CEO and CTOs who are the inventors and authors of the ERC-1155 standard – so Efinity benefits from an experienced team that has successfully deployed a similar project historically.
Since the development of this now widely adopted standard in 2017, Enjin has developed a complete NFT ecosystem on Etheruem which comprises the Enjin Platform , wallet , market place, explorer . This suite of products offers solutions to developers and corporations needing to tokenise digital assets, and is used today by 20 million gamers worldwide, 40 game developers and enterprises including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android.
It’s absolutely no surprise therefore that Enjin sold out $20 million worth of Efinity tokens in just under 3 hours in June 2021, and that these tokens have seen a approximately 6.6x return from ICO levels. EFI has yet to be listed on major exchanges like Binance and Coinbase, so I think that the price will rally significantly once this happens.
The Technology
Efinity will significantly enhance the experience of NFTs in the metaverse, and will likely to lead to wider adoptions of NFTs with various use cases for the following reasons:
Interoperability: as a Polkadot parachain, fungible and non-fungible tokens on Efinity will be easily transferable between multiple different blockchain networks and protocols. Ultimately it facilitates use cases where a gamer for example can take an NFT from one game into another with ease
Speed and low fees: additionally, it will benefit from the scalability of being a Polkadot parachain and will be capable of processing 700-1,000 transactions per second (TPS) which is a massive improvement to the Ethereum network.
This is just surface level information, but should be enough to wet your pallets to DOYR on this project and I promise you will be very impressed with what you uncover! :)
Key Levels to Watch
Price has just broken out of a 49 day accumulation range forming a very well rounded cup and is currently breaking out of a resistance zone from $1.18. The recent spikes in volume that have pushed the price above 1.18 indicates there is a lot of buying pressure and sufficient volume to keep pushing the price higher.
From here I envisage two possibilities:
(1) some consolidation that may form a nice handle before a breakout to Yearly open level on the exchange (marked by Y), or
(2) a break to 1.70 before a small consolidation and subsequent move upwards
In any case, there is very little resistance that lies ahead and with Polkadot parachain auctions commencing on November 11th, I think the timing to really scale into this coin is just right.
A close above 1.18 confirms a breakout for me, and from there we should definitely be expecting 10x return at the very least into 2022.
Would be really interested in hearing your thoughts on this one guys, feel free to share this post and leave your comments below!
I will make an effort regularly to update my Tradingview with projects with strong upside potential. I will be extremely grateful for any contributions in recognition of the time and effort put into this endeavour:
BTC: bc1qu7rswf6e8s8efj5d9g2r5phnejwxkcqycja7fw
ETH: 0x58ffB09Ce2C206989BB12F2e42965Fb818aDE61A
ADA: addr1qxjkfczhd7fta5evd4g8hakffkcmctddjawpudf9dvj6nq4q9thlfqw676k7edkjtzq6m50ncf90fmg5wy62xaf6g0ussvufz7
XLM: GCWACKPSV3W5OZYT5GK5UVH35YJSJIQ6L5VOH6EV6R2L7Z3E2L6G3D7Y
See my profile for other Gems that I have recommend to see how they have performed historically.
The State of CryptocurrencyDiscussing the overall state of #cryptocurrency the beauty we've created in #Sector of #nfts through the #NFTCommunity #nftcollectors recession proof!
I also touched on why I am so bullish on #DOT and #KSM. The parachains, i'm looking ten years down the road like they are.
If you need coaching, schedule a call Beast Mode Trading Club!
Something Special Brewing for NFTYesterday was the highest volume day for this coin since the first day it launched. And today's volume is even more massive, with 8 hours to go till daily close! Daily MACD has taken support on the zero line, and crossed over, thanks to this massive volume. Looks like the whales are taking a lot of interest. And best of all, we just had a breakout from the massive downtrend with this high volume. If you zoom into the 15 minute chart, you can see that the breakout looks decisive. If breakout confirms, we could see massive price explosion over the coming days and weeks.
NFTs have many other use cases than just the art application most people are aware of. I suggest you read this article on that topic: finance.yahoo.com
Disclaimer
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Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
MetaHero. Second to noneHello!
This will be little different update. I couldn't find an chart of this crypto but I want my followers to be aware of this project.
It is called MetaHero (Hero) . They will bring a possibility for people to make of them selfs an avatar, 3D model (kind of nft) which then can be used in virtual reality. The technology is already there partnered and designed by Wolf Studio. This is something that no one else has. Most of the cryptos are fighting in the same areas. This isn't
Metaskanner takes an picture of the person, item or what ever you want to take picture of and makes an 3D Ulta-HD model of it. These models will ofc cost to make. This is part of their business model and will work as a marketing rocket. Think about it. Someone famous takes this Ultra-HD 3D model and uploads it to their channel, this will bring masses aware of this. It is genius if you ask me.
CEO is Robert Gryn
-Youngest self-made entrepreneur to make the Forbes 100 Richest list in Poland
-Former CEO of Codewise, the 2nd fastest growing company in Europe. Years 2017, 18 and 19. That ain't an easy thing to accomplish.
-Sold Codewise he shifted 100% of his attention and focus to crypto
metahero.io
www.youtube.com (Inside the metaskanner)
If you will participate in this only use the amount you are willing to lose
This is not an advertisement or a financial advice
Take care :)
-Jebu