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Bitcoin Fractal Analysis Predicts New Record Highs Above $110K by Week’s End A recent Bitcoin fractal analysis suggests that the cryptocurrency could soar to new all-time highs above $110,000 by the end of the week. The analysis, based on historical price patterns and trends, points to a potential bullish breakout in the near future. According [...]
Over the past few weeks, the price of VeChain (VET) has struggled to live up to the promise and vigor it showed at the start of the year. This has been the story with a significant portion of the cryptocurrency market, with several large-cap altcoins down by double-digits in the past month. However, the VeChain token has been a hot subject of discussion in the circle of cryptocurrency analysts and pundits. Popular crypto analyst Ali Martinez is amongst the latest to put forward future projections for the token. Can VeChain Price Reach $0.6 By December 2024? The crypto pundit took to the X platform to share an interesting update on the monthly chart of the VET price. According to Martinez, the cryptocurrency is gearing up for a price rebound this summer, which might be crucial to its performance in the rest of the year. Related Reading: Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1? This projection is based on the return of a previously identified consolidation range in the VeChain price, with the analyst suggesting that the token could follow this historical fractal. Martinez pointed out that the fractal appeared in 2020 when VETs price reached its all-time high of $0.281. Most recently, VET broke out of a consolidation range following its significant price surge to $0.04664 in February. The altcoin has been experiencing a price correction since then, although what looks like a resistance retest seems to be complete. According to Martinez, the price of VeChain is set for a rebound this summer after retesting the channels upper boundary at around $0.32. Following the price recovery, the analyst said the cryptocurrency is likely to experience a potential explosive growth in the fall. A monthly price chart of VET showing the fractals | Source: Ali_Charts/X As highlighted in the chart above, VETs price could travel as high as $0.6 by December 2024. If this fractal does play out as the analyst anticipates, the price target would be a new all-time high and a massive 1,600% surge from the current price point. VET Price Overview As of this writing, the VeChain token is valued at $0.03469, reflecting a 2.6% price dip in the last 24 hours. VETs struggles in the past day underscore the altcoins sluggish performance on even broader timeframes. Related Reading: The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance According to data from CoinGecko, the cryptocurrency is down by 7% and 23% on the weekly timeframe and monthly timeframe, respectively. Nonetheless, VeChain has managed to retain its position amongst the top 50 largest cryptocurrencies, with a market capitalization of more than $2.5 billion. The price of VeChain continues its downtrend on the daily timeframe | Source: VETUSDT chart on TradingView Featured image from Pexels, chart from TradingView
Hamilton Lane will offer at least $5 million in assets via the Securitize tokenization platform on Polygon.
As a result of the collaboration, Polygon ecosystem developers can create in-game marketplaces using Fractal SDK.
Porsche’s first foray into NFTs appears to have flopped after recording underwhelming sales and was heavily criticized by the community.
Stockholm and NFT-based soccer startup, GOALS, has raised $15 million as seed funds from venture capital firms and angel investors. (Read More)
Fractal is a new marketplace for gaming NFTs founded by Justin Kan, the co-founder of Twitch
Fractal, a marketplace for gamers to discover, buy and sell digital collectibles and gaming NFT, has announced the successful raise of a seed round of $35 million from prominent investors. (Read More)
NFT gaming is a particularly hot trend in the large NFT space. It basically allows non-fungible tokens (NFTs) to be combined with a play-to-earn principle. A strongly emerging platform is Fractal NFT.
Fractal is an NFT gaming marketplace that offers numerous gaming NFTs. The platform focuses on transparency and security. Fractal wants to offer gamers a new in-game experience using blockchain and Web 3.0.
What is NFT gaming?Non-fungible tokens ( NFTs ) are unique, non-modifiable digital objects. They are based on the blockchain (e.g. Ethereum or Solana). Its unique digital signature can greatly increase the value of the NFTs. The popularity of NFTs has now spread from the art market to the gaming space.
The gaming industry has recognized the potential of NFTs and is now implementing them in its own gaming worlds. A popular principle is play-to-earn (P2E). The players can acquire NFTs in the gaming world through battles, challenges, or other tasks. They can then resell these NFT items to other players through various digital markets.
NFT Risks in Gaming?The concept only seems to have advantages for the players. However, the value of an NFT can also fluctuate greatly. The NFT market is relatively young and certain events can cause NFTs to fall in value quickly. Furthermore, a particular game may lose its popularity, causing in-game assets to depreciate even faster.
What is Fractal NFT?Fractal NFT is a marketplace for emerging NFT games and their gaming NFTs. The platform was developed by Twitch co-founder Justin Khan, among others. The platform offers a secure marketplace for new NFT games looking for reliable promotion on the platform.
Khan believes that blockchain and Web 3.0 technologies can launch a new generation of games. These games offer players the opportunity to earn as they play while providing an upscale, personalized gaming experience.
Fractal NFT wants to help the games to be more independent from platforms that take significant parts of the sales of the advertised NFT games. Developing and distributing an NFT game has so far had a huge cost and Fractal wants to make the market more accessible and affordable.
How does Fractal NFT work?Fractal NFT partners with Gaming Studios to offer gaming NFTs as they appear on the platform. These gaming NFTs contain in-game weapons, characters, houses, and many other assets. Fractal NFT aims to become a primary and secondary marketplace for such NFTs.
Fractal is positioning itself as the first primary exchange for gaming NFTs. It focuses on the NFTs that are part of the gaming world. The gaming developers make the gaming NFTs available before the entire game is launched. This has proven to be an extremely interesting and successful strategy for triggering hype about the respective game early on. Early adopters are particularly rewarded and thus become the new tribe of the game.
Furthermore, Fractal NFT offers a verification process. This sorts out potential fakes and unfair practices in advance. This brings security and trust to the buyer. The security of the platform is transferred to the NFTs and games offered.
What makes Fractal so unique?By partnering with the major developers at NFT Games, the platform gets NFTs straight from the source, giving Fractal a huge leap of faith. Furthermore, the costs that also arise for small gaming providers can be kept low.
At the moment, NFT Gaming is still a niche but has enormous potential for growth. Developers now have the opportunity to offer their products cheaply on a specialized platform. Fractal users get valuable gaming NFTs early on and at great prices, the value of which is very likely to increase in the future.
Fractal and OpenSea - What's the difference?OpenSea is the world's largest NFT exchange. Here you will find the best-known and most popular NFT positions. Learn more about OpenSea in this article!
Gaming NFTs can also be purchased on OpenSea. However, the platform is not as specialized as Fractal NFT. OpenSea is a much larger platform with an enormous selection. However, Fractal offers pure gaming NFTs and a more specialized selection, and lower prices on average.
In the future, Fractal could also transfer to other NFT areas if there is strong growth. However, this development is not yet certain and it is possible that Fractal will remain in the gaming NFT niche.
How to Use Fractal NFT platformIn the following, we would like to introduce some functions of the Fractal NFT platform.
How to connect a wallet to Fractal NFT?Go to the Fractal NFT home page. Then click on “Buy Now” in the top right.
Next you can connect your wallet to Fractal. To do this, go to “ Connect Wallet ” at the top right. You can choose from the following wallets:
How do I explore the NFT Games?If you want to check out the games on Fractal, go to Games at the top of the main menu. You can then view the game and its NFTs by clicking Explore Game . Below you can see a selection of gaming NFTs.
How do I buy gaming NFTs?If you want to purchase an NFT from the game, click on the box that shows the NFT. You will then see an overview of the NFT including the price in the form of the SOL token and the properties of the NFT.
If you want to buy your NFT, then click “ Buy Now ”! Once you have connected your wallet, you should be able to purchase the NFT directly.
A function for bidding is already included in the interface of Fractal NFT, however, the function is not yet available at the time the article was published (04/02/2021).
Now is a good opportunity to purchase the SOL token for fractal NFTs. Buy the SOL and other coins easily on the Binance and Bitfinex exchanges !
What's up for more features on Fractal?In the main menu in the header you will see the following:
You can also purchase the SOL on the crypto exchanges Coinbase and Kraken .
NFT Gaming© Cryptoticker
London, UK – Breaking into 2022 Q1 with a blast, the NFT Play-to-Earn (P2E) genre continues to see exponential growth
The post has appeared first on thenewscrypto.com
Bitcoin breakout: Bitcoin has broken to the upside and pushed its way back above support. But can it do it again? Covered: Give Me Some Dubbs A Double “W?” Potential Price Target Bitcoin Breakout: Give Me Some Dubbs Starting on the one hour chart, we find the Bitcoin has broken out of a “W” pattern […]
The post Bitcoin Breakout? BTC Back Above Support After “W” Pattern Forms appeared first on CryptosRus.
Ether prices rally to the $5,000 psychological mark may be a minimum target based on emerging ETH fractal patterns and Bitcoins surge above $100,000.
The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark. Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23. Is DOGE Price Gearing For A 7,500% Rally? In a new post on the X platform, crypto analyst Ali Martinez revealed that the Dogecoin price might be primed for a bullish breakout. This projection is based on the return of a price pattern (fractals) in the DOGE weekly chart, with the pundit suggesting that the token could rally to a new all-time high of $23. Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast For clarity, fractals are repeating patterns in price charts that can help predict future price movements for a particular cryptocurrency. As shown in the chart below, the Dogecoin price has been in a recurring descending triangle pattern on the weekly timeframe since as far back as 2014. This bullish fractal has occurred multiple times in the past, with the Dogecoin price embarking on a positive run after breaking out of the consolidation range. Martinez highlighted that the price of DOGE broke out of the fractal in 2017, reaching a then-all-time high of $0.01877. Similarly, the Dogecoin price broke out of the descending triangle in 2021, skyrocketing to the current all-time high of $0.7 during the previous bull cycle. Most recently, the meme coin has just broken out of this historical fractal. With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion in the coming year. According to Martinez, the largest meme coin could travel as high as the $23 mark over the next few months, representing a 7,500% rally from the current price point. Dogecoin Price At A Glance As of this writing, the price of DOGE sits just above the $0.32 mark, reflecting a 2.5% increase in the past day. Nevertheless, this positive single-day performance has not been enough to move the meme coin into profit on the weekly timeframe. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals Secret Under The Hood According to data from CoinGecko data, Dogecoin still ranks as the largest meme coin and the seventh-largest cryptocurrency in the sector, with a market capitalization of around $47.4 billion. Featured image from iStock, chart from TradingView
Increasingly more analysts and chart patterns are pointing to an imminent Ether breakout to an all-time high, bolstered by BlackRock doubling its Ether ETF holdings.
Binance Pool launches merged mining, allowing users to mine Bitcoin (BTC) and earn rewards in Fractal Bitcoin (FB). The service does not guarantee a token listing on Binance. (Read More)
Crypto sleuth ZachXBT has called out the team behind Fractal ID for not addressing a data breach from…
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