Author: CryptoHoppers

The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement. Are Blockchain Games Going Extinct? The Main Culprit Funding constraints and evolving market conditions are cited as the primary culprits, suggesting that building a successful blockchain…

To succeed in crypto trading, traders require good trading strategies. To develop a perfect strategy, one needs excellent analytical skills. Candlesticks are among the best tools that can be used for this crypto market analysis purpose. There are numerous candlestick patterns, from basic to advanced. Here, you are going to read about an advanced candlestick pattern, the Pin Bar Candlestick Pattern. Let’s see how this pattern can be used to create a few unmatched trading strategies. Are you ready?1. What’s Pin Bar Candlestick Patterns A Pin Bar is a special candlestick pattern in crypto trading. It has a long tail and…

While Wall Street welcomes the first US-listed Bitcoin ETFs with open arms, Singapore remains wary. The Monetary Authority of Singapore (MAS) has thrown cold water on the idea of offering these type of investments to retail investors, citing long-held concerns about the risks of cryptocurrency trading. Singapore Thumbs Down Bitcoin ETF This comes just a week after the US Securities and Exchange Commission (SEC) greenlit the first spot Bitcoin ETFs, allowing both institutional and retail investors to gain exposure to the world’s largest cryptocurrency without directly holding it. The move sparked a frenzy, with $4.6 billion worth of shares changing…

Crypto trading is risky, and success relies on the right tools. Chart patterns are crucial for traders. There exist numerous powerful chart patterns capable of giving accurate insights. Among the most popular are Three White Soldiers and Three Black Crows. Definitely, these patterns hold significant power in analysing market trends. Let’s delve into understanding these patterns deeply for successful trading.1. Three White Soldiers Pattern: What You Should Know The Three White Soldiers pattern is a bullish candlestick formation that indicates a likely trend reversal. It emerges near the end of a downtrend. This pattern suggests an upcoming shift to a bull…

Journalist Posted: December 29, 2023  XRP is set to end the year much lower than earlier predictions. A high level of liquidation may occur around $0.59 or $0.68. “XRP to $1″ – This is one phrase that appeared many times over the year. However, with two days left till 2023 ends, this price prediction might not come to pass yet. But before AMBCrypto tells you why the rise to $1 is not possible this year, it is important to admit the reasons the forecast came to be. According to our assessment of XRP and the market at large, the reason…

Crypto traders often wonder if using Fibonacci retracement levels can be beneficial. Many believe that Fibonacci works well when used rightly. Actually, success largely depends on how traders employ them. A powerful approach is combining Fibonacci with price action levels. This method enhances effectiveness and is widely considered advantageous in the crypto trading community.1. Fibonacci: What You Should Know Fibonacci is a famous sequence of numbers where each number is the sum of the two preceding ones.For example: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55……The key concept you should learn related to Fibonacci is ‘Golden Ratio’, that…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. There has been a decisive shift in the meme coin market, as holders of Pepe (PEPE) are now migrating to new contender Sponge V2 (SPONGEV2). Sponge V2 is the next iteration of the popular Sponge (SPONGE) meme coin and has seen more than 5 billion tokens staked since it was announced in December. The Sponge V2 innovation The original SPONGE surged by almost 1,000% after launching on Uniswap in May. At its peak, SPONGE hit a market cap of…

NFTs repsrent a recent economic trend, showcasing blockchain’s potential to reshape industries. NFT marketplaces – the fusion of technology and creativity – play a key role in this transformation. They are online spaces where creators sell unique digital items, and collectors buy these special assets. In simple words, they are hubs connecting artists and buyers in the digital world. NFTs introduce new ways of valusing digital content, with marketplaces acting as bridges for these transactions.Highlights Non-Fungible Tokens are unique digital assets.NFTs enable creators to share and monetise their work, while collectors can truly own a piece of the world of digital…

Riding the Shift from Ethereum to Solana in the NFT World In the dynamic realm of NFTs, artists are often confronted with the challenge of finding the right platform to showcase their work. While Ethereum (ETH) has long been a dominant force in the NFT space, recent trends indicate a shift in energy and excitement towards alternative blockchains like Solana. This shift underscores a crucial message for artists: adaptability is key, and venturing into new territories can be a game-changer. The Rise of Solana: A Beacon for NFT Artists The past few months have seen a substantial increase in collector…

In the midst of Bitcoin’s recent price struggle, CryptoQuant head of research has revealed the level Bitcoin can potentially sink down to. Bitcoin Might Go Down To As Low As Realized Price Of 1 To 3 Months Old Hands In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how low the BTC price can go following the latest correction. “To evaluate this I like to look at the realized price of 1 to 3 month-old holders,” explains Moreno. The “realized price” refers to an indicator that basically tells us about the average price at which…