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Unique Active Wallets Scored High Runs in Q3 Blockchain Games

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Unique Active Wallets Scored High Runs in Q3 Blockchain Games

Blockchain gaming sectors are rising in the industry grabbing a lot of recent attractions from gamers across the world. Players are very eager to play such blockchain games which reward them money in cryptocurrencies. Thus, these blockchain games are gaining more popularity which can transform the entire gaming industry for better reach. 

As a result, a report from DappRadar’s third quarter Blockchain Game Report shares that the quantity of unique crypto wallets has increased in recent periods. Many youngsters are enthusiastic about participating in the play-to-earn (P2E) games built on blockchain technology. 

In addition the blockchain gaming industry is scoring additional values supporting the in-game NFTs which has a separate fan base. The footprints of the players are soaring within the NFT gaming world which offers the gamers various ways to earn money. 

Blockchain Gaming Q3 Result

The gaming industry is surprised to notice the presence of unique active crypto wallets taking part in the blockchain games. Almost half of the gaming industry activity with blockchain technology recorded 1.54M active wallets on an average basis. Besides, in a short period of time the decentralized gaming applications attains 754,000 of active wallets. 

Moreover, the main aim of the active wallet users (AWU) is to provide a unique wallet address for the users. Through this, the gamers can interact with smart contracts associated with blockchain platforms. So it reduces the translating process for the daily active users (DAU). 

On the whole, the entire gaming sector is gaining a good scope with play-to-earn (P2E) and non-fungible token (NFT) games. Interestingly, the NFT in-games resulted in achieving $2.32 billion in sales during third-quarter, 2021. Therefore, the NFT plays secured more than 22% of the NFT trading volume in just three months. 

Axie Infinity- The Best Performer

Among the other NFT games, Axie Infinity ranks first for most traded NFT collectible ever in the marketplace. More so, Axie generated $2.08 billion in trading volume in Q3 alone. Thereby hitting $2.55 billion representing 19% in total volume. 

Recently, Axie Infinity secured a solid revenue of nearly $364 million in its play-to-earn gaming platform. And it is the highest profit score earned since the launch of the gaming platform. Besides, Axie recorded an amount of 678,017 registered players who sign in to play the game daily. 

The current market status of Axie Infinity is $128.28 surging 4.41% at the time of writing.  Besides, Axie records a 24-hours trading volume as $15.84M with more than 6 million sales till date. Thus, Axie NFT is recognized as top-selling collectibles by sales volume reaching $504 million last month. 

Therefore, the NFT space and blockchain tech gaming sectors are bubbling up in the market with its high technological features. As a result, the NFT space recorded nearly $10.67 billion trading volume with a massive increase over 700% from the Q2, 2021.

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Gnosis Price Prediction 2021 – Will GNO Hit $350 Soon?

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Gnosis Price Prediction 2021 - Will GNO Hit $350 Soon?
  • Bullish GNO price prediction ranges from $340 to $349.6.
  • The GNO price might also reach $350.
  • GNO bearish market price prediction for 2021 is $261.8.

In GNO price prediction 2021, we use statistics, price patterns, ADX, and much other information about GNO to analyze the future movement of the cryptocurrency. 

Gnosis (GNO) is an open-source, decentralized prediction market built using the Ethereum blockchain. Gnosis is aimed at disrupting the largest existing industries by creating a genuinely decentralized market prediction platform. GNO is the primary utility token of the Gnosis platform and can be traded on cryptocurrency exchanges.

Current Market Status of Gnosis (GNO)

According to Coingecko, the price of GNO is $339.94 with a 24-hour trading volume of $3,559,211 at the time of writing. However, GNO has increased by 2.90% in the last 24 hours.

Moreover, GNO has a circulating supply of 1,504,587 GNO coins. Currently, GNO trades in cryptocurrency exchanges such as  HitBTC, BKEX, Kraken, Uniswap (V3), and Bitfinex. 

Gnosis (GNO) Price Prediction 2021

Gnosis (GNO) holds the 161st position on CoinGecko right now. GNO price prediction 2021 is explained below with a 2-hour time frame. 

GNO/USDT Ascending Channel Trend Pattern (Source: TradingView)

The price action contained between two parallel upward sloping lines defined as an ascending channel. Higher highs and lower lows distinguish this price pattern. An ascending channel formed by connecting the swing lows with a lower trend line and the swing highs with an upper channel line.

A breakout above an ascending channel may indicate that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

In the above chart, the GNO can reach $340 if the bull trend continues. Or else, if the price of the GNO breaks the resistance level of $349.6, it will fall to the next support level at $319.9. So, the trend of the GNO is based on the breakout.

Gnosis (GNO) Support and Resistance Level

The below chart shows the support and resistance level of Gnosis (GNO). 

1638343568 223 Gnosis Price Prediction 2021 Will GNO Hit 350 Soon
GNO/USDT Support and Resistance Level (Source: TradingView)

The above chart shows that the following are the resistance and support levels of GNO.

  • Resistance Level – $341.9
  • Support Level 1 – $314.2
  • Support Level 2 – $289.3
  • Support Level 3 – $261.8

The chart shows the bullish performance of GNO over the previous month. However, this trend might continue to reach a resistance level at $341.9 soon. On the contrary, if the trend is reversed then GNO might fall to $261.8 presenting a bearish signal.

Gnosis (GNO) Average Directional Index (ADX)

Let us now look at GNO’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it frequently combined with directional indicators.

1638343569 77 Gnosis Price Prediction 2021 Will GNO Hit 350 Soon
GNO/USDT ADX (Source: Trading View)

The above chart represents the ADX of GNO, which is in the range of 37.35 indicating a strong trend. 

Conclusion

The GNO is one of the cryptos which is great for long-term investment. In addition, GNO price prediction is bullish for the long term. It has a good chance of reaching its all-time high of $441.99. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the GNO ecosystem, the performance of GNO would rise reaching $340 very soon. But, it might also reach $350 if the investors believe that GNO is a good investment in 2021.

Disclaimer: The opinion expressed in this chart is solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their research before investing.

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Tezos Price Prediction – How Much Will XTZ Be Worth in 2021?

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Tezos Price Prediction – How Much Will XTZ Be Worth in 2021?
  • Bullish Tezos  price prediction ranges from $7.96 to $9.55.
  • Tezos  prices might also reach $10 soon.
  • XTZ bearish market price prediction for 2021 is $3.15.

In Tezos  (XTZ) price prediction 2021, we use statistics, price patterns, ADX, and much other information about XTZ to analyze the future movement of the cryptocurrency. 

Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.

Let us see about the Tezos price prediction 2021.

Current Market Status of Tezos (XTZ) 

According to CoinGecko, the Tezos price is trading at $6.86 with a 24-hour trading volume of $329,958,203, at the time of writing. However, Tezos has decreased by 4.7% in the last 24 hours.

Currently, Tezos trades in cryptocurrency exchanges such as Binance, Tokocrypto, OKEx, FTX, and Bybit.

Tezos (XTZ) Price Prediction 2021

Tezos (XTZ) holds the 34th position on CoinGecko right now. Tezos price prediction 2021 explained below with a daily time frame. 

XTZ/USDT Showing Ascending Channel Pattern (Source: TradingView)

The price action contained between two parallel upward sloping lines defined as an ascending channel. Higher highs and lower lows distinguish this price pattern. An ascending channel formed by connecting the swing lows with a lower trend line and the swing highs with an upper channel line.

A breakout above an ascending channel may indicate that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

Currently, XTZ is trading at $7.049. After this, XTZ may continue to fall or rise according to the direction of breakout. With this pattern, XTZ might reach the resistance level at $9.55 soon. If the trend reverses, then the price of XTZ may fall to $4.54.

Tezos (XTZ) Support and Resistance Level

The below chart shows the support and resistance level of Tezos (XTZ). 

1638342905 811 Tezos Price Prediction – How Much Will XTZ Be Worth
XTZ/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of Tezos.

  • Resistance Level – $8.38
  • Support Level 1 – $6.29
  • Support Level 2 – $4.24
  • Support Level 3 – $3.15

The chart depicts the bullish performance of Tezos over the previous month. However, this trend will continue to reach a resistance level at $8.38 soon. Even more, if the trend reversed then Tezos might fall to $3.15 presenting a bearish signal.

Tezos (XTZ) Average Directional Index (ADX)

Let us now look at XTZ’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

The above chart represents the ADX of Tezos. Currently, Tezos lies in the range at 21.024, so it indicates a weak trend.

Conclusion

Tezos is one of the cryptos which is great for long-term investment. In addition, Tezos price prediction is bullish for a short-term. It has a good chance of reaching $9.12 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Tezos ecosystem, the performance of Tezos would rise reaching $8.38 very soon. But, it might also reach $10 if the investors believe that Tezos is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Pundi X[new] Price Prediction 2021 – Will PUNDIX Hit $4 Soon?

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Pundi X[new] Price Prediction 2021 - Will PUNDIX Hit $4 Soon?
  • Bullish PUNDIX price prediction ranges from $2.07 to $3.60.
  • The PUNDIX price might also reach $4.
  • PUNDIX bearish market price prediction for 2021 is $1.20.

In PUNDIX price prediction 2021, we use statistics, price patterns, ADX, and much other information about PUNDIX to analyze the future movement of the cryptocurrency. 

Pundi X is a pioneering blockchain-powered device developer with the goal of transforming retail businesses with its blockchain-based point of sale solution. On its blockchain, the solution enables retail merchants and consumers to conduct instantaneous in-store transactions.

Current Market Status of Pundi X[new] (PUNDIX)

According to Coingecko, the price of PUNDIX is $1.63 with a 24-hour trading volume of $41,785,439 at the time of writing. However, PUNDIX dropped to 4.12% in the last 24 hours.

Moreover, PUNDIX has a circulating supply of 258,491,637 PUNDIX. Currently, PUNDIX trades in cryptocurrency exchanges such as Binance, FTX, Upbit, KuCoin, and Bitrue. 

Pundi X[new] (PUNDIX) Price Prediction 2021

Pundi X[new] (PUNDIX) holds the 151st position on CoinGecko right now. Pundi X[new] price prediction 2021 explained below with a daily time frame. 

PUNDIX/USDT Higher High and Higher Low Pattern (Source: Tradingview)

When the peaks and troughs on a chart ascend, an uptrend is occurring. Prices in that uptrend can be seen as higher highs and higher lows. Prices from the previous period that were seen as highs are now even higher than they were before the uptrend began.

Not only do the highs finish higher, but the lows from a previous period of time gain value and end up being higher than before. This indicates to a trader that prices are rising and the overall value is rising, indicating that it is time to sell and make a profit before a downtrend occurs.

Currently, PUNDIX is waving at $1.63. After this, PUNDIX may continue to fall according to the higher high and higher low pattern. With this pattern, PUNDIX might reach the resistance level at $2.26 soon. If the trend reverses, then the price of PUNDIX may fall to $1.54.

Pundi X[new] (PUNDIX) Support and Resistance Level

The below chart shows the support and resistance level of Pundi X[new] (PUNDIX). 

1638342167 307 Pundi Xnew Price Prediction 2021 Will PUNDIX Hit 4
PUNDIX/USDT Support and Resistance Level (Source: Tradingview)

From the above chart, it is observed that the following are the resistance and support level of PUNDIX.

  • Resistance Level 1 – $2.07
  • Resistance Level 2 – $2.70
  • Resistance Level 3 – $3.60
  • Support Level 1 – $1.20
  • Support Level 2 – $0.59

The chart depicts the bullish performance of PUNDIX over the previous month. However, this trend will continue to reach resistance level at $2.26 soon. On the contrary, if the trend reversed then PUNDIX might fall to $1.54 presenting a bearish signal.

Pundi X[new] (PUNDIX) Average Directional Index (ADX)

Let us now look at PUNDIX’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

The above chart represents the ADX of PUNDIX with the range at 50.54, so it indicates a strong trend.

Conclusion

The Pundi X[new] is one of the cryptos which is great for long-term investment. In addition, PUNDIX price prediction will be bullish for a short-term period. It has a good chance of reaching $2.26 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the PUNDIX ecosystem, the performance of PUNDIX would rise reaching $2.26 very soon. But, it might also reach $4 if the investors believe that PUNDIX is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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