The non-fungible token (NFT) space has been used to innovate across multiple sectors, but the gaming and entertainment industry has seen the biggest benefits. These digital assets have allowed companies to create new universes and models for fans to connect with their favorite artists, or for players to earn real-world rewards while playing their favorite games.
However, as more people jump into Web3 and NFT gaming, more projects try to copy-paste others and the sector loses innovation, creativity, and the features that attracted users in the first place. Mummy.io is a blockchain-based massively multiplayer online role-playing game (MMORPG) looking to change the status quo.
The game will put players in a rich world based on ancient Egypt, built with Unreal Engine 5, Mummy.io will be like nothing users have seen in the past. The main complaint for NFT gaming has been its little attention to detail, mechanics, and graphics, Mummy.io will disrupt all of that.
According to the project’s Whitepaper, this is how Mummy.io will revolutionize the sector, the experience will be like that of titles created by major gaming studios:
The player has endless freedom to make choices during the game – whether to embark upon a sidequest, the parts of the world they choose to explore, how they engage with NPCs, and much more. The Mummy world is also rich in lore, environmental storytelling and intricate relationships between memorable NPCs for those who delight in exploring fantasy worlds, finding hidden meanings and layers.
Mummy.io Achieves Milestone Towards Ultimate Goal, Partnership With Polkastarter
Created by a team of people with decades of experience in the gaming industry, from major companies like Square Enix and Ubisoft, Mummy.io wants to bring back the fun for blockchain and NFT gaming. In that sense, they partnered with Polkastarter Gaming, a Web3 launchpad, and accelerator company, that will act as an advisor in the project’s development journey.
The partners share a common vision: Web3 gaming should be as fun as traditional games, and their collaboration will materialize it. Polkastarter wants to pave the path to the future of gaming, starting today.
In addition to Mummy.io, the company has partnered with BK Time, Mecha Morphung, Wasted Lands, Cyball, Mobland, Wonderhere, Undead Blocks, Aether Games, and other well-known projects in the sector. The team of Mummy added the following on the project’s vision, one that they share with their recent partner:
Our ambition is to be at the forefront of innovation in the gaming industry. We are excited about the long and challenging journey ahead of us and are passionate about the process of bringing our vision to life.
Standing Out In A Crowded Sector, Mummy.io Breaks The Mold
Beyond its beautiful graphics, rich universe, RPG elements, and advanced combat mechanics, Mummy.io will introduce an in-game economy design to incentivize players to collect loot and build a community of friends and factions rooted in intricate human connections.
In addition, Mummy.io is working with Machinations.io to create and offer players a unique in-game economy. The game will integrate with the Machinations’ Game Economy Health Monitoring Service to mitigate any possible issues with Mummy.io’s economy.
The game’s first demo, “Battle of Ankahur the Fallen” will soon be available for players looking to get a taste of Mummy.io. Right now, players can connect their crypto wallets and be whitelisted for the project’s Stela NFT airdrop and earn a fragment of an in-game item called Tear of Aaru artifact.
See more about the demo “Battle of Ankahur the Fallen” below. The demo will be divided into chapters with each installment containing one Stela NFT. If a player obtains 3 of these digital assets, they will complete the “Tear of Aaru” artifact.
After Merge, Ethereum reached the $1,200 price range.
ETH decreased by over 7% in the last 7 days and 25% in the previous month.
Ethereum (ETH), which was anticipated to regain $2,000 levels following its Merge upgrade, was drifting to the $1,327 level. Additionally, ETH reached the $1,200 price range on Wednesday. The Merge was done on September 15 of this month, switched from a proof-of-stake (PoS) mechanism to Proof-of-Work (PoW) consensus to make Ethereum more energy-efficient.
Unexpectedly, there is a major twist for everyone, the merge effects were turned down. Over the last ten days, Ethereum’s price fell dramatically on the market. Additionally, the Ethereum market cap has dropped significantly to over $162 billion, with a stable trading volume of roughly $18 billion over the past day, as per coinmarketcap.
Hurting Over Ethereum
The price range of Ethereum has recently outperformed Bitcoin (BTC) in the market by a wide margin. It is due to the anticipation and excitement around Ethereum’s Merge upgrade. Also, the price of ETH was in a bullish trend, the price range of $1,600 started rising steadily to the $1800 mark.
Within 24 hours of the Merge implementation, Ethereum’s price decreased by below $1,500. This unfavorable effect of the price decline became a notable disappointment for both the whole market and the users.
However, after reaching the closing price of $1,252 on Wednesday, Ethereum slightly increased in back-to-back periods. Less than 24 hours after trading at a low of $1,252, ETH increased to a high of $1,346 on Thursday.
Moreover, Ethereum’s price was down by over 7% in the last 7 days and more than 25% in the previous month. At the time of writing, ETH traded at $1,327, as per CoinMarketCap.
According to Kiyosaki, the largest crash in human history is about to happen.
The previous week, Kiyosaki urged people to invest in real money,citing bitcoin, silver, and gold as examples.
This week, Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted about some of his opinions and financial teachings. Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 different languages.
Kiyosaki Tweeted :
END is HERE. Called Jerry Williams my trusted gold and silver dealer. He said “I can’t get gold or silver coins. The mint will not sell me anymore.” To me this means the end of FAKE $ is here.
When President Richard Nixon removed the U.S. dollar from the gold standard in 1971, Kiyosaki claimed that the U.S. dollar became false money. He clarified, This is because it was attached to the full faith and credit of the United States rather than being tied to real money, such as gold.
A Historic Global Crash Is About to Occur
Last week, Kiyosaki urged people to invest in real money, naming gold, silver, and bitcoin. He stressed that the Federal Reserve raising interest rates will destroy the U.S. economy. Several times, Kiyosaki has issued warnings that the largest crash in human history is imminent. He claimed that all markets are collapsing in April.
He recently recommended members of his mailing list purchase cryptocurrencies before the worst market meltdown in history. The well-known author has been saying for a while that he will wait for the Bitcoin market to bottom out before investing. Recently, he declared that he had cash on hand and was prepared to purchase bitcoin, hinting at one point that the cryptocurrency’s price would approach $1,100.
Ethereum price has been trading within a descending trendline, which is a sign of bearishness. Over the last 24 hours, the Ethereum price has been different as the coin registered a 6% appreciation.
As the coin appreciated, it broke outside of the descending channel.
Over the last week, the Ethereum price lost more than 7% of its value. The buyers have entered the market, which has helped Ethereum climb on its chart.
Although buyers are attempting to make a comeback, the sellers continue to drive the price action on the one-day chart.
The $1,400 price mark continues to remain a tough resistance zone for Ethereum price. A break past from the aforementioned support line will help ETH revisit its next price ceiling.
The technical outlook for Ethereum continues to remain bearish at the time of writing. Bitcoin’s price recovery has helped major altcoins pick pace over the last 24 hours.
Ethereum Price Analysis: One Day Chart
ETH was trading at $1,340 at the time of writing. In the past 24 hours, the buyers have helped the coin break outside of the descending trendline.
The immediate and strong resistance remained at $1,400. The altcoin has struggled to break past that level over the last couple of weeks.
Once the $1,400 mark is broken, Ethereum can attempt to trade close to $1,700. On the other hand, a fall from the $1,340 price mark will push ETH down to $1,100 and then to the $1,000 level.
The past trading session for Ethereum was green, signifying an increase in the number of buyers.
On its chart, ETH was attempting to recover. However, the buyers have remained low at the time of writing. Technical indicators have pointed towards a bearish outlook.
The Relative Strength Index was below the half-line, which also indicated that buyers were fewer in number than sellers.
Ethereum price was below the 20-SMA line, which signified low demand. It also meant that sellers were driving the price momentum in the market.
ETH’s other indicators have also shown that the sellers were in control of the market at the time of writing. The demand for the coin has to go up in order for the coin to touch its next resistance mark.
The Moving Average Convergence Divergence indicates the price momentum and overall price action. MACD witnessed a bearish crossover and formed red histograms at the time of writing.
This reading is connected to the sell signal for the coin. The Chaikin Money Flow displays the capital inflows and capital outflows at a given period in time.
The CMF was below the half-line and that points towards low capital inflows, although there was an uptick on the indicator.
Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week.
Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.
The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.
Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.
The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.
Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin’s buying strength doesn’t move into the positive zone.
Cardano Price Analysis: One Day Chart
ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.
The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.
If buyers don’t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.
The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.
The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.
At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.
Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.
With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.
ADA’s bulls have still not gained momentum on the one-day chart. As long as buyers don’t overpower sellers’ strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark.
The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin.
The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line.
The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum.
Interoperability enabling network Quant has gained 10% in the last 24 hours amidst the general crypto bear market. The token is inexorably climbing up the price charts while other tokens struggle to keep their heads above water. The crypto is steadily gaining, testing new highs after its yearly low in June when its price dipped below $50.
The Quant blockchain was a project geared toward solving the issue of interaction among multiple blockchains. Since its inception in 2018, the token began an upward climb from below $1, culminating in an all-time high just below $400. This unprecedented event in the history of Quant took place in September 2021. Quant soared 200% from $187 to $490 on the month, a spike that analysts attribute to three factors.
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Quant’s All-Time High Catalysts
The first catalyst outline was the launch of Overledger 2.0.5, the network’s DLT connection for businesses to all networks and DLT. Secondly, Quant offered developers incentives via the “Quant developers Program,” a means to lure devs into its ecosystem. Devs build useful protocols and apps, which in turn, attract more users, thereby ensuring the growth of Quant.
Finally, Quant’s price boosted when it got listed on major exchange platforms like Coinbase and Binance. This move alone caused the protocol’s trading volume to skyrocket from $9 million to a whopping $740 million, according to coinmarketcap. And the rest, they say, is history. Although the token has not tested such highs since then, it continued to do well for itself till the general market became turbulent.
Macroeconomics Turned Crypto Assets Bearish
By June this year, when the crypto market dropped into a downward spiral, the Quant token dipped to a low of $49. A combination of macro factors dragged down most cryptos, including Bitcoin, from their lofty heights.
For one, the Russo-Ukrainian war began causing global unrest, which always targets risk-prone assets, e.g., crypto. Then followed inflation and Fed’s hawkish attitude towards digital assets in fixing the problem. Ethereum’s merge with its initial hype and subsequent letdown came into the mix, further muddying up the waters. As a result, crypto assets globally have been testing unheard-of lows.
At the time of writing, Bitcoin continues to fluctuate around the $20,000 resistance level. This is notably a far cry from its legendary $65,000 high, which occurred in 2021. Similarly, ETH and SOL are not left out of this bearish market turn, trading at $1300 and $33, respectively. Ethereum is 70% down from its all-time high, while Solana is 87% below its own.
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Yet Quant is slowly but surely wending its way up the chart, testing new highs daily. At the time of writing, the token is exchanging hands around $116 after briefly testing $120 earlier in the day. Against the past week’s prices, it is a 7.90% gain, 10% over the last 24 hours.
Featured image from Pixabay and chart from TradingView.com
The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.
Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday.
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Influencer Believes Impending Close To Ripple-SEC Case Is Responsible
According to Armstrong, multiple factors are causing Ripple’s insane price surge. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.
The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end.
Ripple And XRP Community Expect A Favorable Verdict
Like Ben Armstrong, the Ripple community and Ripple Labs are expectant of a favorable ruling. If that happens, XRP will not be considered a Security but a digital asset, just as Ripple intended.
Another crypto influencer predicted that if this happens, it will be the needed boost the bearish crypto market needs. David Gokhshtein tweeted that the crypto market will go parabolic should XRP win this case. He and Brad Garlinghouse, Ripple’s CEO, believe a win for XRP would stamp cryptos stand with regulation. Consequently, it would increase investors’ faith in the ailing asset.
Whale Movements On XRP Blockchain Also Partially Responsible For Price Boost
Another reason for the surge in XRP seems to be whale movements on the platform. On-chain analytics firm, Sentiment data reveal an increase in whale transactions on the Ripple blockchain.
Furthermore, the Whale Alert crypto tracker revealed multiple anonymous transfers of significant amounts of XRP in the past week. Data showed that a 261 million XRP transfer and another 582 million XRP transaction took place. Ripple was involved in both transactions, moving 80,000,000 of the tokens externally. In total, close to a billion tokens exchanged hands in whale transactions last week.
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These two factors mentioned above are mainly responsible for the continuous climb of XRP tokens over the last week. One can only wait to see if the XRP community’s optimism is indeed rightly placed and that ripple will indeed win the case. At the time of writing, XRP is currently trading around $0.48 after briefly testing $0.52 earlier today per Coinmarketcap data.
Featured image from Pixabay and chart from TradingView.com