Connect with us

Blockchain

Storj (STORJ) – A Relatively Unheard Crypto

Avatar Of Rajesh Khanna

Published

on

Storj

The price of STORJ (pronounced “storage”) has increased by a little over 30 percent in the last 24 hours. According to CoinMarketCap, STORJ, an ETH token, is the 88th largest coin by market capitalization.

The token experienced a significant increase thanks to the NFT update on Friday. STORJ reached an all-time high of $0.97, a 43 percent rise from its 24-hour low.

Currently, the coin is selling at $0.9273, an increase of a remarkable 30.73 percent in the last 24 hours, according to statistics from CoinMarketCap. Additionally, its market capitalization soared from $245 million the day before to $371 million as of today.

STORJ is a platform for shared cloud storage. Instead of sending files to massive data centers, users can just store them in independent computers of the host.

STORJ Gets Strong Backing

Two requirements must be met to qualify as a host: a solid and speedy internet connection and terabytes of storage space. Users can make money by storing the files of others on their computers.

An announcement about major businesses embracing STORJ to store unique tickets, music, sports NFT assets, and gaming caused a sharp increase in the token’s price. Europa Labs, Amuzed, and Ultimate Division are the company’s newest NFT customers.

Suggested Reading | Top 5 Cryptos Taking A Major Beating In The Ongoing Market Mayhem

Crypto total market cap at $941 billion on the daily chart | Source: TradingView.com

Amuzed is a blockchain-based music gaming platform that allows users to listen to their favorite artists’ music using NFTs. Ultimate provides participants with a soccer-themed metaverse game in which they can earn Ultimate Division Tokens (TKDS), whereas Europa Labs wants to improve the computational capabilities of clients on their preferred data platforms.

Suggested Reading | Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance?

Green Candles Show Bullish Potential

Similarly, 24-hour trading volume for STORJ has surged by more than 100 percent, reaching $408,455,560 – an increase of 127.94 percent.

Examining the STORJ/USDT daily chart, the price of STORJ has displayed green candles since June 13.

This trend persisted with small retracements on the daily chart until Friday, when the token recorded its highest green candle of the move.

In the last 10 days, the price of the asset has increased by 130 percent, from $0.4005 to its current level of $0.80.

It remains to be seen whether the relatively unheard crypto will be able to sustain this growth in the future or if it will be just another “one-hit” wonder.

Featured image from CyberBump, chart from TradingView.com
Advertisement

Blockchain

Thinking to Buy IMOV? These 3 Tokens Can Be a Better Investment

Avatar Of Rajesh Khanna

Published

on

Thinking To Buy Imov? These 3 Tokens Can Be A Better Investment

IMOV is the first-ever crypto-backed fitness app that comes with inbuilt Game-Fi and Social-Fi elements. The application dedicated to people of all ages and abilities caught the eyes of investors as well, thanks to its compelling vision. Its threefold goal is to encourage millions to lead healthier lifestyles, connect users to Web3, and combat climate change.

The token went on a massive upturn stepping into August, recording an all-time high of $0.07313. The surge rewarded early investors lucratively. If you’re looking for other emerging tokens that can give you generous returns this year, here are our top suggestions.

Top tokens to invest in 2022

  • Battle Infinity (IBAT) – The overall best new cryptocurrency of 2022
  • Earthling – Crypto project with a social mission
  • RACEFI – NFT gaming revved up

3 best tokens to invest in 2022: Reviewed

IMOV has excellent use cases (present and upcoming), which justify its popularity. However, we believe that these three tokens can be bigger. Let’s see why.

Battle Infinity (IBAT) – The overall best cryptocurrency of 2022

The first project we introduce to you is Battle Infinity. IBAT serves as the native cryptocurrency of the Battle Infinity ecosystem. If you keep tabs on the crypto market, you must have learned about the meteoric presale recorded by IBAT a few days back. Battle Infinity sold out the 90-day presale 66 days early, capturing wide attention from across crypto publications and communities.

While 16,500 BNB worth over $5M was raised in total, the second half sold out in less than 24 hours. Clearly, both whales and retail investors are onto the project. It is also interesting to note that the project has built a thriving community on Twitter and Telegram less than a month into its launch.

What’s the big deal?

Battle Infinity is a play-to-earn fantasy gaming platform with a metaverse vision. As you know, the fantasy sports market is huge. The market is predicted to hit $48.6 billion by 2027, recording a CAGR of 13.9% from 2021 to 2027. Battle Infinity bets big on fantasy sports with metaverse, crypto, and play-to-earn integrations. The metaverse is growing bigger than fantasy sports, of course. A new report from McKinsey & Co predicts that the metaverse could reach up to $5 trillion by 2030. So it comes as no surprise that Battle Infinity’s goal to create an immersive fantasy sports gaming world has resonated with investors.

1660746441 144 Thinking To Buy Imov These 3 Tokens Can Be A

Battle Infinity hosts fierce video games which players can monetize using their gaming skills. The rewards are paid in IBAT tokens. However, Battle Infinity doesn’t plan on confining its scope to gaming. You can meet other players, attend events, and experience the immersive virtual space in the Battle Infinity metaverse. The ecosystem also features NFT, DeFi, and P2E elements to introduce diverse streams of income.

IBAT Battle Swap

 

Decentralized exchange (DEX) where IBAT tokens are traded for other cryptocurrencies. It’s connected to other platforms in the Battle Infinity ecosystem.
IBAT Battle Market

 

Marketplace for BEP721 in-game assets like characters, weapons, etc.
IBAT Battle Arena Immersive metaverse open to NFT holders. It is designed to be a venue for games, concerts, parties, and more.
IBAT Premier League Metaverse NFT-based fantasy sports game.
IBAT Battle Staking Stake your idle Battle Infinity assets in exchange for attractive APY.
IBAT Battle Games Multiplayer game store where you can join diverse NFT-based P2E games.

Battle Infinity has some exciting milestones underway including  Battle Swap testnet launch, Battle Swap mainnet launch, Battle Infinity DApp Alpha release (Google Play Store), and merchandise store launch. We expect IBAT to gain value as the project crosses new development goals. A prediction of 100X returns in a year is not far-fetched if the roadmap unfolds as planned.

You can now buy IBAT on PancakeSwap. The token is scheduled for launch on other tier-1 crypto exchanges in the coming phases.

VISIT BATTLE INFINITY

Earthling (ETLG) – Crypto project with a social mission

1660746441 642 Thinking To Buy Imov These 3 Tokens Can Be A

Cryptocurrencies and NFTs are often criticized for their inefficient use of energy and environmental impact. New blockchains are addressing these issues using energy-efficient consensus mechanisms. While that is admirable, a new crypto project is on the mission to make it easy for everyone to act on climate change. It aims to become the largest Web3 on-chain carbon offset marketplace. The idea is big, with huge potential to draw attention from across crypto and non-crypto communities in the coming months.

The project, titled Earthling makes this possible with three products. The first of these is the $ETLG token, which is used for transactions. It also serves as the governance token of the ecosystem. According to the website, buying Earthling tokens contributes to saving planet earth, as the project supports initiatives that fight climate change and ecological collapse. It empowers individuals, families and businesses to remove carbon, restore nature and become carbon-neutral.

The next product from Earthling is Carbon Token, an asset backed by Carbon credit. A Carbon token equals one carbon credit. It doubles as a digital certificate that lets you emit 1 tonne of CO2. The concept has massive potential as companies are increasingly looking for ways to meet their carbon offsetting goals.

The project also introduces Earthling DAO, a place where the community submits proposals and votes for the allocation of funds to relevant programs. Earthling’s goal to raise awareness around increasing carbon use and ways to reduce it is impressive. If the project succeeds in delivering its promises, it will be one of the best tokens to record massive growth this year.

RACEFI – NFT gaming revved up

1660746441 132 Thinking To Buy Imov These 3 Tokens Can Be A

The third-best crypto project we recommend to you is RACEFI, a play-to-earn car racing game where players and participants own parts of the game. It is also the first AI/ML integrated car racing game on Solana. Interestingly, the platform launches parts of the game as verifiably owned NFTs.

RaceFi metaverse introduces three game modes that you can participate depending on your expertise and initial investment. The races on RaceFi can be primarily divided into two — Pure Race and Battle Race. Pure Race is again divided into two —  PvP and PvE.  In PvE mode, you can directly drive and control the car. On the other hand, PvP mode gives you the option to customize your statistics. The results are then determined by the AI system. Battle Race allows you to upgrade your cars with battle features such as guns and shields.

Another interesting aspect is that there will be no time or distance limit on RaceFi. Racers will compete until there is one left. You can also race for free up to two times on the platform, bringing down the initial investment requirements.

$RACEFI is the native token of the ecosystem. It is used for all in-game activities. For example, you need to buy gas to race your cars in $RACEFI tokens. The gas money collected in a race goes to the reward pool, which is split among the top three winners. The utility of $RACEFI is expected to diversify as the platform grows. The gripping gaming mechanics will attract a large number of users to RACEFI in the coming days, in turn triggering an upturn for the token.

Conclusion

Hype is short-living. We always recommend looking beyond the market sentiments and investing in projects that have long-term visions that are likely to gain momentum. We introduced you to three projects that fit these criteria. Battle Infinity, Earthling, and RaceFi stand apart from the crowded market with their focus on use cases and sustainable growth.

Battle Infinity, in particular, has a vast ecosystem that can bring massive returns to early-stage investors in the coming months. The token is currently available for purchase on PancakeSwap.

 

 

Continue Reading

Blockchain

Bitcoin Looses Ground While Dogecoin Metrics Soar

Avatar Of Rajesh Khanna

Published

on

Bitcoin Looses Ground While Dogecoin Metrics Soar

The cryptocurrency market has been getting frequent price movements recently with meme coins like Dogecoin minting gains. Some of the significant assets made an uptrend within the past two weeks. However, most of them couldn’t sustain the bullish trend for long. Hence, they have experienced a slight drop in prices this week.

Bitcoin is among the assets that have shown high volatility in the past few days. But it seems to have flattened out at around the $24,000 region. Dogecoin, on its part, is recording a progressive increase in value. As a result, DOGE stands top among other meme coins, gaining momentum. Unfortunately, the story is not pleasant for most altcoins as most are stagnating in their prices today.

Bitcoin got quite a swing in its price over the past few days. Though it later halted during the weekend, this was after some fluctuations in its value.

The price of Bitcoin initially rose to $25,000, a new 2-month high. The rise seemed difficult for the token to ensure its sustainability and had to drop. However, it later surged upward within hours as the price rallied to about $25,200. This marked the highest point for BTC since the middle of June.

Bitcoin Falls But Dogecoin Gains Momentum

With every passing hour, the BTC price started retracting. The value finally gave up more than $1,000 to remain beneath the $24,000 mark. Since then, Bitcoin’s trading price has been hovering below the $24,000 region as the token keeps its stagnant stance. Currently, BTC boasts a market cap of about $450 billion while maintaining a 40% dominance over the altcoins.

Dogecoin has kept its lead as the first in existence and dominance when it comes to meme coins. However, DOGE is taking a different route.

Dogecoin takes a bow and falls by 2% on the chart l Source: DOGEUSDT on TradingView.com

The leading meme coin has gained over 8% in value in a single day. The price of DOGE has surged up to $0.08 and remains on top above several other meme coins and altcoins.

Price Performance of Altcoins

For Ethereum, the price is seeing a more positive move in an upward trend. Ether had jumped to its 74-day peak to around $2,050. The sentiment for the global second largest cryptocurrency is recently paving the way for its price performance.

This is linked to the rumor concerning its upcoming blockchain upgrade, the Merge. Despite its sudden rise within the past few days, ETH later dropped in price and is presently trading around the $1,900 region.

For other altcoins, the movement has not been so easy. Most of them have been fluctuating throughout the weekend and even on Monday. Some of them have stalled at certain marks.

There were no unusual moves for Ripple, BNB, Shiba Inu, Polkadot, Cardano, and Avalanche. From the mid-cap and lower altcoins, Monero had the best performance. Its token, XMR, made a 5% increase to hit the $170 trading.

Featured image from Pixabay and chart from TradingView.com
Continue Reading

Blockchain

Owners of Meebits and CryptoPunk Can Now Transact Using NFTS

Avatar Of Rajesh Khanna

Published

on

Owners Of Meebits And Cryptopunk Can Now Transact Using Nfts