California, USA, April 4th, 2023, ChainwireNetwork, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability, announces that ROVI Network, a Web3 powerhouse building infrastructure and platforms to bring Crypto to the daily lives of billions of users, has officially launched on Boba Network’s Boba BNB L2 Chain. Boba BNB is the next-generation layer 2 scaling solution for Binance Smart Chain that will enable ROVI Network to improve the scalability and security of its ecosystem, providing users with fast and cost-effective transactions while maintaining the security.Nitin Gupta, CEO of ROVI Network, said, “We are thrilled to have launched ROVI Network on Boba BNB, which is a significant milestone in our mission to provide a cost-effective, scalable, and secure platform for our users.” Gupta added, “We needed a partner that could handle scale and still be secure and cost-effective. Boba Network is matching our ambitions.”“We are delighted to welcome ROVI Network to the Boba BNB ecosystem,” said a core contributor to Boba Network. “Boba Network will help ROVI Network enhance its platform and provide its users with fast, low-cost, and secure transactions with the ability to leverage the abilities of Hybrid Compute to make off-chain API calls.”The integration with Boba BNB enables ROVI Network to leverage the power of Hybrid Compute technology, which brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications.ROVI Network is already a leading protocol in terms of the number of transactions and wallet holders on Boba Network. In March alone, there were 587,127 transactions on the Boba BNB layer 2, bringing the total wallet addresses to 12,716.MediaAbout ROVI Network:ROVI Network is a Web3 powerhouse building infrastructure and platforms to bring Crypto to the daily lives of billions of users in the simplest ways. ROVI has built critical infrastructure including Non-Custodial MPC Wallet Infra, Gasless Transactions Infra, and 1-click On/Off Ramp Infra, embedded into a Crypto Super App platform, piggybacked upon already existing behavior of masses on WhatsApp Messaging, Payments and Gaming.About Boba Network:Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1.ContactTal Dotan, pr@marketacross.comThe post ROVI Network Integration Boosts Boba Network’s Transaction Volume at a Pace of Over One Million Transactions per Month on Boba BNB Layer 2 appeared first on CoinJournal.

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The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million.However, daily active addresses and daily confirmed transactions have fallen.Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500.<a href="https://coinjournal.net/bitcoin/">Bitcoin price</a> currently trends above$28,300, about 0.7% higher in the past 24 hours. The slight uptick follows the crypto market moving beyond rumours around a Red Notice warrant for Binance CEO Changpeng Zhao. Bitcoin’s resilience also comes after the market reacted upward on Twitter CEO Elon Musk’s move to replace the platform’s bird symbol with a Shiba Inu dog, a symbol for DOGE – the native token of the original meme crypto <a href="https://coinjournal.net/dogecoin/">Dogecoin</a>. DOGE price shot up more than 30% to above $0.1 for the first time since early December 2022.Bitcoin growth outlook: non-zero balance wallets hit 45.4 millionBitcoin continues to see huge demand as non-zero balance <a href="https://coinjournal.net/wallets/">wallets</a> grow to more than 45 million, according to details shared in the latest Bitfinex Alpha <a href="https://blog.bitfinex.com/wp-content/uploads/2023/04/Bitfinex-Alpha-48.pdf">report</a>.But even as the benchmark cryptocurrency records a new high for small BTC holders , with this the fastest rate non-zero balance wallets have grown since early 2021, analysts commenting on Bitcoin price in the report suggest investors might have to be a bit cautious in the short term.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw">#Bitcoin</a>'s non-zero balance addresses reach new heights, although the number of active addresses on the Bitcoin network and the number of daily transactions have been dropping
This suggests the need to be cautious, and a market in transition 📈— Bitfinex (@bitfinex) <a href="https://twitter.com/bitfinex/status/1642945723581734912?ref_src=twsrc%5Etfw">April 3, 2023</a>According to on-chain data, non-zero addresses count hit 45.388 million last week as Bitcoin price held above$27k to end the first quarter on a bullish note.The jump in non-zero balance wallets marks a positive development for the network and for Bitcoin price, with this metric’s growth suggesting that more investors have recently entered the Bitcoin market. In any case, an increase in non-zero balance holders often points to new demand, particularly from small investors.Yet, this positive outlook aside, other on-chain metrics suggest bulls may need to be cautious in the short term. As noted in the Bitfinex Alpha report, the market is in a transition and indecisive.“<em>A transition state is characterised by choppy market conditions where the price consolidates in a tight range before trending in either direction. Despite an influx of new market entrants, the sustainability of this phenomena of both rapidly growing non-zero balances and tight range-trading for Bitcoin remains </em><em>uncertain</em>,” they noted.BTC price – key on-chain metrics suggest weaknessBitfinex analysts suggest that other metrics indicate Bitcoin price may continue to consolidate around $28 as both bulls and bears remain indecisive.Among key on-chain metrics to watch are bitcoin network statistics related to daily active addresses and daily confirmed transactions. For instance, the 7-day moving average of daily active addresses recently dropped to levels last seen in late January. The number of confirmed daily transactions have also declined. In the past two weeks, the Bitcoin network recorded a 7-day average of 293,058 transactions with the figures on 30 March suggesting a 13% decline from data recorded on 8 March. The Bitfinex analysts commented on the two metrics:“<em>While this is an inconclusive indicator in terms of bullish or bearish signals, daily activity and transactions decreasing for Bitcoin have always occurred at transitionary phases in the crypto market. They suggest indecision and an…

Paxful will temporarily halt operations.The exchange’s CEO however stated that they are not sure if it will resume operations.This is the second peer-to-peer crypto exchange to shut down.Paxful CEO Ray Youssef has published a post on the exchange’s website stating that the peer-to-peer (P2P) exchange will be suspending its marketplace. Ray went ahead to state that they are not sure if the exchange will resume operations.This is the second popular P2P exchange to shut down in 2023 after LocalBitcoins announced shutting down in February.Key staff departures and regulatory challengesThe CEO cited key staff departures and regulatory challenges in the post saying:“This will probably come as a big shock to many. While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.”The CEO said that the biggest priority at the moment is safeguarding customer funds and advised customers to withdraw where possible. He has gone ahead to recommend withdrawing to self-custody wallets like Exodus and Muun.Ray also stated that Paxful will be offering an easy migration to other P2P alternatives for non-US customers. He highlighted three P2P exchanges namely Noones, Bitnob and Yellow Card.The Paxful Wallet will however remain operational for customers to retrieve their funds.The post Peer-to-peer crypto exchange Paxful to suspend operations appeared first on CoinJournal.

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Bitcoin shrimps have been aggressive as market participants ride positive sentiment to buy more BTC.Glassnode data shows BTC shrimps’ 30-day net position change has only been higher on 116 other trading days.Bitfinex analysts highlighted on Monday that Bitcoin’s non-zero balance addresses had risen to more than 45 million.Retail holders, or crypto investors who own less than 10 bitcoin are aggressively adding to their portfolios, according to on-chain data provider Glassnode.A look at the group of Bitcoin holders collectively termed as “Shrimps” shows that retail participation in the market over the past 30 days has been bettered only on 116 other trading days.Shrimps with less than 1 BTC hold 1.29 million BTCAccording to Glassnode, with BTC price currently below $30k, the Shrimps’ net position change as currently shown on-chain is only below 116 trading days. The cohort that holds less than 10 BTC in their wallets has a current 30-day change of 37 BTC/month. The total supply held by the cohort is 1.29 million BTC.“We can assess the 30d change to the supply held by the Shrimp class (< 1 BTC) to evaluate the intensity of retail participation. Currently, only 116 days have recorded a larger 30d change, suggesting retail participants are aggressively accumulating,” Glassnode tweeted.MediaChart showing Bitcoin Shrimps net position change. Source: GlassnodeThe platform had previously pointed to overall aggressiveness in the market, with the intensity of shrimp accumulation following Bitcoin’s recent price surge. BTC rising to highs near $29,000 in March had seen bullish projections for price to retest the $30,000 level amid a new macro uptrend.With #Bitcoin price action continuing to climb towards the cycle baseline ($30K), market participants have responded by aggressively accumulating coins.This underscores a similarity in structure between the current cycle and 2018-19 cycle.📊 https://t.co/b1E5fiLnpQ pic.twitter.com/h1vq22ldqj— glassnode (@glassnode) March 31, 2023On Monday, crypto exchange Bitfinex released its Bitfiniex Alpha report, which we highlighted today. In the report, analysts pointed to growing demand for BTC among small investors, with those addresses with non-zero balances hitting a record 45.388 at the end of last month.The post Retail holders are aggressively accumulating Bitcoin: Glassnode appeared first on CoinJournal.

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SYS Labs announced Tuesday the acquisition of FortKnoxster.FortKnoxster is a crypto-security company that secures and futureproof Web3.SYS Labs will leverage its acquisition to launch an AI-powered social crypto dApp named SuperDapp.SYS Labs said in a Tuesday press release it reached a deal to acquire cryptosecurity company FortKnoxster.SYS, best known for creating infrastructure, dApps, and other tools to build layers of Web3, also launched an artificial intelligence powered social crypto dApp named SuperDapp along with a new utility token as part of the acquisition.The merger detailsSYS Labs’ merger with FortKnoxster will expand its Syscoin ecosystem into the cryptosecurity and decentralized social marketplace areas. SuperDapp, internally known as the “killer app”, will offer communication features common in social apps but will be designed for security-conscious crypto users.The merger is in part based on “everything apps” that are common in many Asian markets, SYS Labs President Jagdeep Sidhu said in the press release. SuperDapp will “answer the need for many of these capabilities” when it is released in the second quarter.FortKnoxster CEO & Co-Founder, Niels Klitsgaard commented:The acquisition by SYS Labs is an exciting milestone for our company and validates the hard work our team has dedicated to building innovative technologies. This assimilation marks a new chapter for our potential, because SYS Labs has what it takes to ensure the future development, expansion, and awareness of our mission.AMA to be held on FridayThe FortKnoxster team is hosting an ask me anything (AMA) event on Friday. Among topics to be discussed includes how existing holders of the FortKnoxster token FKX will be able to swap for the new SuperDapp token.Beyond the AMA, SYS Labs and FortKnoxster will provide updates on the partnership and the security solutions it will provide to the cryptocurrency, blockchain, and decentralized social marketplace communities.The post SYS Labs acquires FortKnoxster, launches SuperDapp appeared first on CoinJournal.

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dexFreight was granted the patent on 28 March 2023, the company announced Tuesday.The block-chain-based platform applied for the patent from the USPTO after a succesful pilot lauched in 2018.dexFreight aims to help small and medium-sized trucking companies access lower-cost liquidity.dexFreight, a leading blockchain-based logistics platform that seeks to enhance efficiency and security in the supply chain ecosystem, has moved another step closer to this reality after being granted a USPTO patent.The patent relates to dexFreight’s innovative technology targeting the management of supply chains using blockchain-based solutions. The plan is to have the distributed ledger technology available in open source. However, the company applied for the patent to protect against “patent trolls that could prevent adoption.”The patent will also offer large logistics organisations the assurances they need as they look to test the new technology, the dexFreight team noted in their press announcement.dexFreight to bring real world assets to DeFiAccording to details shared with CoinJournal, dexFreight was granted the patent on 28 March 2023 following an application filed with the US patent office.With the patent, the smart contracts-powered platform can now bring more real world assets (RWAs) to the DeFi ecosystem. Specifically, dexFreight will now revolutionise the DeFi ecosystem by bringing tokenised NFTs of assets in the supply chain landscape. This will work via Roostock, an EVM-compatible Bitcoin layer 2 sidechain.“This patent represents an exciting opportunity to bring DeFi to the supply chain industry on a global scale. With this patent, dexFreight aims to facilitate lower-cost access to liquidity for small and medium size trucking companies in the US and abroad. For instance, in the trucking industry, drivers often have to wait for 30-45 days to receive payment for delivering a load. dexFreight’s innovative solution will usher in a new era of cheaper, faster, auditable, and traceable transactions in the supply chain industry,” said Rajat Rajbhandari, the CIO/CTO and co-founder of dexFreight.dexFreight completed its first smart contracts-based truckload transactions on Roostock in October 2018. The company then entered into partnership with Centrifuge and MakerDAO as it looked to bring freight invoices NFTs to the market as part of providing liquidity and financing for trucking companies.  The patent application followed the successful pilot of these initiatives in partnership with protocols on Rootstock, including Money on Chain and Sovryn.The dexFreight technology allows industry players to turn supply chain invoices into digital tokens, which they can then use to get liquidity from decentralized pools. The automated process allows for faster and low-cost transactions for usersThe post dexFreight granted patent to bring DeFi to the supply chain appeared first on CoinJournal.

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Celo price rose to intraday highs of $0.73 on Tuesday, with trading volume rising 139%.The price surge followed news of Celo Foundation and Google Cloud partnership to boost Web3 founders on the Celo blockchain.CELO price outlook suggests key hurdle is at $0.74 while immediate main support is around $0.56.CELO price rose on Tuesday as the Celo Foundation and Google Cloud partnered to help accelerate further adoption across Web3. CELO price traded at lows of $0.65 earlier in the day, but shot to intraday highs above $0.73 as news of the partnership reached the market.At the time of writing, the CELO/USD pair was up 7% with trading volume spiking 139% in the 24-hour period. The increased market activity had seen CELO price tick up 20% over the past week as well as turning positive in the 30-day period with about 2% of upside.CELO price jumps to $0.73 after Celo/Google Cloud newsOn Tuesday, the Celo Foundation announced a collaboration with Google Cloud, the cloud computing services arm of tech giant Google. Celo price rose after the news.According to the Celo Foundation, the partnership will see Web3 founders and developers building on Celo benefit from workshops and computing services from Google. Per the foundation, Google Cloud has joined Celo’s founders’ program and will play a key role in boosting Web3-focused projects by offering credits for use across Google Cloud and Firebase platforms. Firebase is Google’s mobile platform that offers cross-platform SDKs for developers to build and ship apps.Google Cloud’s core team is also set to provide mentorship and guidance to projects via Celo Foundation’s Founders in Residence program. The leadership efforts will also be available during Celo Camp, an eight-week virtual accelerator program, with Google Cloud now joining key supporters including Twilio SendGrid, HubSpot, and Coinbase Cloud.What next for CELO price?CELO traded at highs of $0.92 in early February. At current price levels of $0.69, Celo is more than 90% off its all-time high of $9.82 reached in August 2021.As for the short term technical outlook for CELO, the latest price is above the coin’s 200-day simple moving average (SMA). However, after hitting intraday highs above $0.73, the retreat below 70 cents has CELO/USD below the 50-day SMA.  MediaCelo price on the daily chart. Source: TradingViewWhile the 50 SMA provides the immediate supply zone hurdle, it’s trajectory suggests further downside pressure if a death cross occurs. Nonetheless, the support of the longer moving average could help buyers target today’s highs and the February peak in the short term. The daily Relative Strength Index (RSI) is above 50 to suggest momentum is with the bulls. However, if sellers regain the advantage, CELO price could revisit $0.65 and possibly the immediate support base at $0.56.The post CELO price surges as Celo Foundation and Google Cloud announce Web3 partnership appeared first on CoinJournal.

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Marathon Digital mined 2,195 bitcoin in Q1, with 41% of that (825 BTC) mined in March.The company also grew its total hashrate by 64% from 7 exahashes t0 11.5 exahashes.CEO Fred Thiel says the company is confident it will reach its primary growth targets.Marathon Digital Holdings (NASDAQ:MARA) had one of its best quarterly performances in terms of Bitcoin mining returns in Q1, 2023, according to company’s unaudited mining and installations update the published on Tuesday.With hashrate increasing by over 60% during the quarter, the miner saw its total BTC holdings jump by a record 2,195 bitcoin.Marathon Digital says it mined 2,195 BTC in Q1 2023, with 825 BTC in MarchAs the crypto market looked to bounce from the brutal 2022 bear market in the first three months of 2023, with Bitcoin price reaching highs near $29k, Marathon Digital bumped up its mining operations.March was the standout month as the miner added 825 bitcoin, about 41% of total BTC mined in the quarter. That figure was up 21% on the total number of BTC mined in February as total quarterly mining count reached 2,195 BTC.According to Marathon Digital CEO Fred Peter, the uptick in production came as the company increased its hashrate after a difficult 2022. He commented:“During the quarter, we increased our operational hash rate 64% from 7.0 exahashes to 11.5 exahashes. We also observed improvements in the consistency of our hash rate, which indicates that some of the technological upgrades we have been implementing are starting to take effect. By improving our hash rate, we increased our bitcoin production 41% from the prior quarter to a record 2,195 bitcoin in Q1. In March, we produced a record 825 bitcoin, which is a 21% increase from the prior month.”In Q1, 2022, Marathon mined 1,259 bitcoin while it managed 1,562 in Q4, 2022.According to the miner, its total BTC holdings at the end of Q1 was 11,466 bitcoin – worth about $326.5 as of 31 March. The company also ended the quarter with $124.9 million in unrestricted cash and cash equivalents.“Given the operational and financial improvements we made during the first quarter, we remain optimistic that we can achieve our primary growth targets and establish Marathon as one of the largest and most energy efficient Bitcoin mining operations globally,” Thiel noted.The post Marathon Digital mined a record 2,195 bitcoin in Q1 2023 appeared first on CoinJournal.

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Key takeawaysNFT marketplace OpenSea has announced the launch of OpenSea Pro.The launch comes after OpenSea acquired NFT aggregator Gem in April 2022. OpenSea has been losing its dominance in the NFT space to rival Blur.OpenSea launches OpenSea ProOpenSea, one of the leading NFT marketplaces in the world, announced the launch of OpenSea Pro on Tuesday, April 4th. While announcing this via a blog post, OpenSea revealed that OpenSea Pro is its new nonfungible token (NFT) marketplace aggregator designed to serve the needs of professional users. This latest cryptocurrency news comes after OpenSea acquired NFT aggregator Gem in April 2022. The acquisition enabled OpenSea to develop and refine Gem’s platform to create the new OpenSea Pro. in its blog post, OpenSea wrote;“OpenSea Pro introduces a new level of optionality, selection, and control for pro collectors. Building on previous Gem designs, we’re excited to roll out a vastly improved (read: larger and more reliable) suite of features that will allow collectors to discover the best deals and insights across 170 marketplaces, and access sophisticated tools that meet their need for automation.”OpenSea seeks to offer users a new level of optionality, selection, and control and is targeted at professional collectors. The NFT marketplace added that OpenSea Pro would provide a wide range of improved features that would enable collectors to discover the best deals across 170 marketplaces. OpenSea Pro introduces advanced ordersOpenSea pointed out that its pro version comes with an “advanced orders” feature, which allows users to sweep across the deepest liquidity of any NFT marketplace aggregator.This feature grants users control over their purchases on the platform. The company also revealed that OpenSea Pro is compatible with mobile devices and is optimized for mobile devices. Hence, allowing users to browse, sweep and list using their mobile phones.Users of OpenSea Pro can also list NFTs on OpenSea with 0% fees for a limited period. OpenSea has been losing its customer base to rival Blur in recent months. In February 2023, OpenSea implemented a 0% fee policy to attract users back to its platform as competition with Blur heats up. The post NFT marketplace OpenSea announces the launch of OpenSea Pro appeared first on CoinJournal.

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TRON (TRX) founder Justin Sun announced the move via his Twitter account on Wednesday, 5 April.zkEVM integration will help TRON and BitTorrent enhance privacy, improve security and scalability, Sun noted.TRX and BTT prices were largely flat in the Asian trading hours. TRON and BitTorrent are looking at integrating zero knowledge proof technology via zkEVM (ZK Ethereum Virtual Machine), TRON founder Justin Sun has noted.Zero knowledge proofs are increasingly becoming a crucial technology integration across blockchains, with enhanced privacy and security key to cryptocurrencies and burgeoning decentralised finance (DeFi) ecosystem. Polygon zkEVM, which went live on mainnet on 27 March, is one of the latest projects to implement the technology.TRON and BitTorrent exploring zkEVMThe TRON (RTX) network is a smart contracts platform that supports decentralised applications (dApps), while BitTorent (BTT), which Sun acquired in 2018 in a reported $140 million deal, is a cryptocurrency token that powers transactions on the file sharing network.“TRON and BitTorrent are exploring ways to integrate the ZK Ethereum Virtual Machine (ZKEVM) into its ecosystem. ZK-EVM is a trustless and secure smart contract execution environment that leverages zero-knowledge proofs to ensure the privacy of the transaction data,” Sun said.According to Sun, integrating zkEVM has the potential to bring several benefits to the two ecosystems, including improved scalability, enhanced interoperability, and increased privacy and security. The integration of ZKEVM could potentially provide several benefits to the TRON and Bittorrent ecosystems, including increased privacy and security for smart contract transactions, improved scalability, and enhanced interoperability with other blockchain platforms.— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 5, 2023The TRX founder has however noted that any plans for zkEVM integration remain “in the exploratory stage,” with “no guarantee that it will be implemented in the future.”TRX price hovered around $0.066, up 3% in the past seven days, while BTT was trading at $0.00000063, up 1.8% on the day early Wednesday and about 4% in the past week.The post TRON and BitTorrent are exploring zkEVM integration appeared first on CoinJournal.

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Ethereum breaks out of a bullish continuation patternAn attempt to the pivotal $2,000 level is the path of least resistance A short squeeze might follow should the market trips the stops above the pivotal level Ethereum’s bullish momentum continues as the price breaks out of a bullish continuation pattern – an ascending triangle or a pennant formation. In both cases, the implications are that the market will try its hand at the $2000 level (again) after failing to overcome resistance late last summer.The strength in the cryptocurrency market is unsurprising, given how the US dollar performed against its G10 peers. For example, EUR/USD strengthened from 1.05 to 1.10 since March 15, as the US dollar’s momentum faded. GBP/USD is another example, as it currently trades around 1.25.From a technical perspective, it is more likely that Ethereum will try to overcome resistance at $2,000 than not. So is it time to buy it in advance? If so, what are the proper levels to consider when setting the risk-reward parameters?MediaEthereum chart by TradingViewMore strength should lie ahead for EthereumIn March, Ethereum ended the month on high heels. It formed a bullish continuation pattern that resembles an ascending triangle formation.Such a pattern is made of consolidation below horizontal resistance. When the market breaks above resistance, the measured move equals the longest segment in the triangular formation.But the continuation pattern could easily be interpreted as a pennant. If that is the case, then the measured move, seen in orange on the chart above, points to $2,300.Under such a scenario, the market will trip stops above $2,000 and keep running high. Therefore, the best way to trade this setup is to place a pending buy-stop order just above $2,000 with a stop at $1,800 as the price action should not return to the consolidation area again. As for the target, the conservative trader should book half of the profits at $2,300 and trail the stop for the remaining half.The post Should you buy Ethereum ahead of the $2,000 level? appeared first on CoinJournal.

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Key TakeawaysDogecoin’s price surged 30% off the back of Elon Musk changing the Twitter logo to the Dogecoin dogMeme season may be over, however, our Analyst writesOpen interest surged to its highest level since NovemberMusk is unfazed by a $258 million lawsuit accusing him of racketeering by pumping and dumping the Dogecoin priceIt’s beginning to feel like 2021 again. A year that was filled with facemasks and restrictions on how close you could stand to somebody may be banished to the depths of our memories for many, but for <a href="https://coinjournal.net/dogecoin/">Dogecoin</a> investors, that was a happy time. The meme coin exploded onto the scene, returning over 3500% for investors as it surged from $0.004 as high as $0.73. The only problem is that meme coins don’t exactly offer a lot of value. Predictably, Dogecoin therefore collapsed as the bear market ravaged the crypto world in 2022. The days of Robinhood investors blindly punting obscure tokens with doggy logos were over, and Dogecoin careened down, the party over as soon as it began. Elon revives DogecoinBut it’s 2023 now. And after just over a quarter of price action, Dogecoin has printed a 39% gain. This was aided, by Elon Musk rolling back the clock with a good old-fashioned Dogecoin joke. He changed the logo of Twitter to the Dogecoin dog Monday, of course announcing it on the platform itself. As promised <a href="https://t.co/Jc1TnAqxAV">pic.twitter.com/Jc1TnAqxAV</a>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1642976364080041984?ref_src=twsrc%5Etfw">April 3, 2023</a>Immediately, the price jumped 30%. Prior to the endorsement, Dogecoin had been lagging the rest of the market badly. While its price was up 13% on the year, Bitcoin and other coins have printed enormous gains off the back of expectations around interest rates shifting to a more dovish forecast. Looking at derivatives markets, the Elon effect was tangible here too. Open interest soared to its highest level since the FTX collapse last November, according to data from Coinglass. Open interest measures the amount of open contracts that traders have opened on the underlying asset. <a href="https://media.igms.io/2023/03/05/1680694044248-bb2cc3e0-17b6-4230-a83f-025b1a44bd93.jpg">Media</a>What happens next?Trying to predict the short-term value of any meme coin is a fool’s endeavour, but I do wonder whether the meme craze is over. Despite events of the last couple of days, this is a very different market climate than the hysteria of the stimmy-cheque-Robinhood era of 2020 and 2021. Interest rates have been hiked faster than any point in history, tech and crypto have been pillaged, and inflation is spiralling while recession fears abound. It’s a different world. Not only that, but the novelty of memes, and crypto in general, has worn off. The Dogecoin story is not a new one, the pumps and dumps now familiar to all, perhaps inciting less FOMO while certainly attracting less mainstream attention than years past. Numerous scandals have rocked Crypto over the last year and its reputation has undoubtedly taken a hit. With the scale of the bear market so fresh in investors’ minds, it is hard to envision a scenario whereby Dogecoin ramps up as it previously did. Then again, this is a meme, and memes don’t obey rhyme or reason. I have never “invested” in memes, something which my wallet did not appreciate in 2020 and 2021, but perhaps I just <em>don’t get it. </em>Who knows with Elon anyway? Perhaps he really does have plans to incorporate Dogecoin into Twitter properly. Or maybe he’s just trolling, and Dogecoin is getting a quick day in the sun before yet another inevitable crash. Either way, the latest Dogecoin pump by Musk shows the billionaire is not fazed by a $258 million lawsuit currently levelled at him. A Dogecoin investor accused him of running a pyramid scheme to support the Dogecoin price. Musk has been accused of racketeering to pump up the Dogecoin price before letting it crash. Musk’s lawyers seem confident the case will…

PancakeSwap V3 was launched on Ethereum and BNB Chain.CAKE price surged $3.83 to a high of $3.83 following the news.The upgraded platform will offer the cheapest fees for on-chain trades.At press time CAKE price was up 2.13% to trade at $3.77 a day after PancakeSwap announced the launch of its version 3 on Ethereum and BNB Chain.The upgraded platform will offer users the cheapest fees for on-chain trades among its competitors like Uniswap and SushiSwap. It will also offer increased returns for liquidity providers.Features introduced by the PancakeSwap V3The upgraded platform allows liquidity providers to concentrate their capital on smaller ranges leading to higher returns.PancakeSwap V3 also introduces four different trading fee tiers for users. The fee tiers are 0.01%, 0.05%, 0.25%, and 1% compared to the general 0.25% tier that PancakeSwap V2 was offering. Additionally, each token pair can have a liquidity pool for each fee tier.The PancakeSwap team also plans to introduce two new features in future. These features include a VIP trading reward program and a position manager feature. The exchange’s VIP program is a tired system that rewards traders with things like up to 5% trading fee rebates depending on their trading volume.The position manager feature will enable traders to easily deposit liquidity and optimize their positions based on rewards and fees over time. This feature will eliminate the need for manual calculations from third-party integrations thus allowing users to automatically adjust their positions to optimize on returns.The post CAKE price surging after PancakeSwap V3 launched on popular blockchains appeared first on CoinJournal.

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<strong>London, UK, April 5th, 2023, Chainwire</strong><a href="https://metacade.co/en?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">Metacade</a>, one of the most highly anticipated GameFi projects in 2023, has spectacularly sold out in its final stage presale, raising an impressive $16.4M.The MCADE token is now set to list on Uniswap on the 6th of April at 7PM GMT. The token will list at a price of $0.022, a 10% rise from the final stage presale price and an attractive proposition to those investors who could not purchase during the sold-out presale. <a href="https://metacade.co/en/staking?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">Metacade staking</a> also opens on the same day, citing a 40% AAR.Metacade’s CEO, Russell Bennett, stated, “I was delighted to see the final stage token presale sell out; it only reinforces my faith in the Metacade project. We’re driving ahead now with development and new partnerships, and I look forward to watching the token price as we list on exchanges in April and May.”One of those partnerships will be with <a href="https://www.metastudio.pt/">Metastudio</a>, a revolutionary new gaming company focused on delivering exciting, avant-garde, and fresh mobile games to the Metacade arcade.Metastudio was founded by Carlos Domingues, Manny Fragelus and Ted David. The team boasts impressive CVs, having worked on a number of significant media projects including Shrek, Pirates of the Caribbean, Transformers 2, and Kung Fu Panda.Carlos Rodrigues expressed, “as we eagerly prepare to launch our latest game, Rune Realms, in just a few short months and continue to back other Web3 projects in developing their own games, this partnership arrives just in time to amplify our collective impact.”Further details will be disclosed at the <a href="https://www.youtube.com/watch?v=8hZJr2bK304">AMA at 5pm BST, on the 5th of April,</a> between Metacade and Metastudio, hosted by the respective CEOs – Russell Bennett and Carlos Domingues.There are various ways for MCADE digital currency holders to engage with its ecosystem. The recently launched online platform serves as a virtual gathering spot for gamers and investors, who can receive MCADE rewards for indulging in their favorite activity, i.e., gaming.Furthermore, Metacade intends to motivate its holders to participate in a variety of promotions to help drive the product’s growth and adoption. This strategy will benefit the MCADE token value and provide opportunities for holders as long-term investment as well as a store of value within the ecosystem.<strong>About Metacade</strong><a href="https://metacade.co/en?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">Metacade</a> aims to transform the gaming industry by creating the largest play-to-earn (P2E) arcade available. The project seeks to establish a dynamic ecosystem that brings together gamers, developers, and cryptocurrency enthusiasts in one place. Here, they can engage with each other, enjoy a diverse range of gaming activities, and earn rewards for their participation. The release of the platform’s whitepaper has impressed investors and analysts, demonstrating the project’s innovation and potential.Likened to other projects such as The Sandbox, Polygon, and Axie Infinity, the much-awaited P2E platform, Metacade, has obtained validation from CertiK, a leading blockchain auditor. This CertiK validation assures investors that Metacade’s code and specifications are verified and that the Metacade team has undergone the KYC process, thus instilling further trust in the project’s authenticity.Learn more about how to buy MCADE and the upcoming exchange listings <a href="https://metacade.co/en/how-to-buy?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">here</a>.Further information: <a href="https://metacade.co/en/?utm_source=media&utm_med…

Jasmy price drifted upwards on Wednesday as cryptocurrencies attempted to bounce back. The token jumped to a high of $0.0054, the highest point since March 14. It has bounced back by 20% from the lowest point in March.Latest JasmyCoin news?The most recent Jasmy news came in earlier this month when the developers announced a list of developers who will receive its grants. The developers received applications of over 100 creators and shortlisted the 6 most promising ones. In a statement, the developers noted that JVP Protocol, Clic, Pedao, Metas, Connected2Me, and Mars Search will compete for the funds. These dApps are all diverse. For example, Mars Search is a Web3 search engine that provides users with vertical content. It is similar to other popular search engines, with the main difference being that it focuses on crypto content. A search on Trump shows results on associated NFTs.🎉 Thrilled to announce that the first shortlisted of the <a href="https://twitter.com/hashtag/JasmyGrant?src=hash&ref_src=twsrc%5Etfw">#JasmyGrant</a> Program is here now!!After careful discussions, a total of 6 outstanding projects have been selected for the Grant poolYou can vote for the project you like: <a href="https://t.co/uQBNKp3DMR">https://t.co/uQBNKp3DMR</a><a href="https://t.co/GB0dXPhEbv">https://t.co/GB0dXPhEbv</a>— Jasmy Grant (@JasmyGrant) <a href="https://twitter.com/JasmyGrant/status/1642096961422766081?ref_src=twsrc%5Etfw">April 1, 2023</a>On the other hand, Pedaoisan NFT mortgage and loan agreement platform uses a mode known as peer-to-pool. The idea is that users can use it to obtain loans by mortgaging their non-fungible tokens. JVP Protocol is a governance aggregator that aims to maximize users’ rewards and aggregate governance behind the JVP token.The Jasmy grant program hopes to grow the network’s ecosystem as it seeks to compete with other popular chains like Ethereum, Solana, Cardano, and Polkadot. In the past few months, more developers like Algorand and Avalanche has unveiled their grant programs in a bid to grow their networks and attract more developers. Jasmy’s grant program has a cap of $2 million.According to the grant’s website, most users have voted for JVP Protocol, which has received 10010 upvotes. Clik has just 20 upvotes while the rest have none.Jasmy Coin price prediction<a href="https://media.igms.io/2023/03/05/1680697141396-1aef12f6-a6c2-4116-a523-b86b6e8f2f20.png">Media</a><a href="https://www.tradingview.com/symbols/JASMYUSD/?exchange=COINBASE">Jasmy chart by TradingView</a>The daily chart shows that the Jasmy price has been in a tight range in the past few days. In this period, it has managed to move from a low of $0.0043 to a high of $0.0054. It has managed to move above the 50-period moving average while the Relative Strength Index has drifted upwards. Therefore, it seems like Jasmy has botttomed, which will likely see it rise to the next key resistance point at $0.0065. A move below the support at $0.0043 will signal that bears have prevailed. This will in turn push it to the next support at $0.0040.How to buy JASMYBinance.USBinance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.<a href="/visit/binance-us-crypto?guid=MTM2NTcx&component=simple-table&language=en&country=US&state=VA&position=1&totalPositions=2">Buy JASMY with Binance.US today</a>KuCoinKucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.<a href="/visit/kucoin-crypto?guid=MTM2NTcx&component=simple-table&language=en&country=US&state=VA&position=2&totalPositions=2">Buy JASMY with KuCoin today</a>The post <a href="https://coinjournal.net/news/jasmy-price-is-crawling-back-how-high-can-japans-bitcoin-go/">Jasmy price is crawling back: How high…

MicroStrategy is the world’s largest public holder of Bitcoin.Documents show the company recently bought another 1,045 BTC for $29.3million, days after purchasing 6,455 BTC for $150 million.MicroStrategy now holds 140,000 bitcoin acquired for $4.17 billion at an average of $29,803.In MicroStrategy news today, the company has announced the purchase of an additional 1,045 bitcoin acquired for $29.3 million.The Bitcoin was acquired between March 24, 2023 and April 4, 2023, according to details in the Form 8-K filing on 5 April, with the firm now holding a total of 140,000 BTC.MicroStrategy buys bitcoin after US government sells 9,861 BTCMicroStrategy’s latest purchase comes less than two weeks after MicroStrategy founder Michael Saylor announced the business intelligence software firm had acquired 6,455 BTC for $150 million. That purchase was made at an average of $23,238 a coin and saw the world’s largest public holder of Bitcoin bring its total holdings to 138,955 BTC.On Wednesday, Saylor announced the company had bought the 1,045 BTC at the average price of $28,016 per coin. The US-based company now holds 140,000 BTC acquired for approximately $4.17 billion and at an average price of $29,803 per BTC.MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv— Michael Saylor⚡️ (@saylor) April 5, 2023MicroStrategy has added to its bitcoin stash regularly since 2020, with many purchases completed during price dips. This most recent purchase notably happened a few days after the US government sold over $215 million worth of BTC.As CoinJournal reported last week, the US government said it sold 9,861.17 BTC connected to the closed darknet market Silk Road on 14 March. The US also announced plans to sell an additional 41,490 BTC in four batches throughout 2023, with the total sales amounting to 51,351 bitcoin that was seized James Zhong.Bitcoin was trading around $28,497 at 9:26 am ET on Wednesday, up 84% year-to-date. The MicroStrategy stock closed near $299 on Tuesday, with MSTR up more than 105% YTD.The post MicroStrategy adds 1,045 BTC to bring Bitcoin stash to 140,000 appeared first on CoinJournal.

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Vantagepoint AI is a predictive forecasting platform for stocks, Forex and crypto.The US-based platform has added support for Polygon (MATIC).The AI platform says its predictive forecasting boasts accuracy levels of 87%.Vantagepoint AI, a US-based artificial intelligence platform offering predictive forecasting for stocks, cryptocurrencies and Forex among others, has added support for Polygon. MATIC is the native cryptocurrency token of the Ethereum scaling protocol.AI-powered software increasingly popularA press release the company published on Wednesday noted that the integration of MATIC to the platform will ensure traders benefit from highly accurate forecasts. AI-powered software is increasingly becoming popular as digital currencies gain mainstream adoption, the firm noted.And as market trends for crypto assets getting increasingly complex to predict, a degree of higher accuracy could benefit traders keen on the growing market. In this case, Vantagepoint AI says its software’s predictive forecasts boast of up to 87.4% accuracy.Vantagepoint AI president Lane Mendelsohn commented: “Although trading always involves some level of risk, our aim is to empower traders to make well-informed decisions with more confidence through our data-driven forecasts generated by artificial intelligence.”The post AI platform adds Polygon (MATIC) to predictive forecasting software appeared first on CoinJournal.

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BGB price rose to highs above $0.42, with current price roughly 20% off all-time highs of $0.51.Dragonfly Capital made a $10 million strategic investment in crypto derivatives exchange BitgetBitget will use the capital injection to expand its products and promote crypto education.Bitget Token (BGB) traded higher as the community around the cryptocurrency derivatives exchange Bitget reacted positively to news of a fresh venture capital injection.BGB price broke to highs of $0.42 after having traded at lows of $0.39 on Monday, with the positive sentiment seeing over $9 million worth of the token traded in the past 24 hours. In terms of price gains, BGB was up 2% and 9% in the past 24 hours and 7 days respectively.The price of Bitget’s native token, currently above $0.41, is about 2% off the all-time highs above $0.51 reached on 18 February. If sellers take the $0.40 support, BGB could revisit the $0.31 regionDragonfly invests $10 million in BitgetDragonfly, a crypto-focused venture capital firm that invests in projects in the digital assets ecosystem – from seed to series D – announced a $10 million strategic investment in crypto platform Bitget. Blockchain data and research platform Nansen highlighted on 4 April that a Dragonfly wallet had received 60,219,900 $BGB (approximately $24 million) a few days ago, suggesting this could be part of the deal.💫 NEWS: Dragonfly invests $10 million in derivatives exchange BitgetThat partly explains the 60,219,900 $BGB (~$24 million) sent to a Dragonfly wallet 6 days ago pic.twitter.com/xl4Td5u5dX— Nansen 🧭 (@nansen_ai) April 4, 2023The investment will support the crypto derivatives exchange’s market and service expansion across the globe, Dragonfly said in a press release. The funds will also go into Bitget’s CSR initiatives as the platform looks to promote crypto education and adoption.“As the fastest-growing exchange in the past 12 months, this investment is a recognition of our focus on BUIDL in the bear run. Except for the cash inflow, what will benefit us more from the Dragonfly partnership is their crypto savvy and insights. Together, we will be able to discover more growth opportunities and contribute more to the sustainable growth of our industry,” Gracy Chen, the Managing Director of Bitget said.The investment also comes as Bitget looks to double down on its efforts across spot trading, launchpad, and earning products. Bitget recently partnered Space and Time to provide full transparency to its proof of reserves and also has partnerships with soccer star Lionel Messi and Italian football giants Juventus.The post BGB price sees uptick after Dragonfly invests $10M in Bitget appeared first on CoinJournal.

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<strong>London, UK, April 5th, 2023, Chainwire</strong><a href="https://metacade.co/en?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">Metacade</a>, one of the most highly anticipated GameFi projects in 2023, has spectacularly sold out in its final stage presale, raising an impressive $16.4M.The MCADE token is now set to list on Uniswap on the 6th of April at 7PM GMT. The token will list at a price of $0.022, a 10% rise from the final stage presale price and an attractive proposition to those investors who could not purchase during the sold-out presale. <a href="https://metacade.co/en/staking?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">Metacade staking</a> also opens on the same day, citing a 40% AAR.Metacade’s CEO, Russell Bennett, stated, “I was delighted to see the final stage token presale sell out; it only reinforces my faith in the Metacade project. We’re driving ahead now with development and new partnerships, and I look forward to watching the token price as we list on exchanges in April and May.”One of those partnerships will be with <a href="https://www.metastudio.pt/">Metastudio</a>, a revolutionary new gaming company focused on delivering exciting, avant-garde, and fresh mobile games to the Metacade arcade.Metastudio was founded by Carlos Domingues, Manny Fragelus and Ted David. The team boasts impressive CVs, having worked on a number of significant media projects including Shrek, Pirates of the Caribbean, Transformers 2, and Kung Fu Panda.Carlos Rodrigues expressed, “as we eagerly prepare to launch our latest game, Rune Realms, in just a few short months and continue to back other Web3 projects in developing their own games, this partnership arrives just in time to amplify our collective impact.”Further details will be disclosed at the <a href="https://www.youtube.com/watch?v=8hZJr2bK304">AMA at 5pm BST, on the 5th of April,</a> between Metacade and Metastudio, hosted by the respective CEOs – Russell Bennett and Carlos Domingues.There are various ways for MCADE digital currency holders to engage with its ecosystem. The recently launched online platform serves as a virtual gathering spot for gamers and investors, who can receive MCADE rewards for indulging in their favorite activity, i.e., gaming.Furthermore, Metacade intends to motivate its holders to participate in a variety of promotions to help drive the product’s growth and adoption. This strategy will benefit the MCADE token value and provide opportunities for holders as long-term investment as well as a store of value within the ecosystem.<strong>About Metacade</strong><a href="https://metacade.co/en?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">Metacade</a> aims to transform the gaming industry by creating the largest play-to-earn (P2E) arcade available. The project seeks to establish a dynamic ecosystem that brings together gamers, developers, and cryptocurrency enthusiasts in one place. Here, they can engage with each other, enjoy a diverse range of gaming activities, and earn rewards for their participation. The release of the platform’s whitepaper has impressed investors and analysts, demonstrating the project’s innovation and potential.Likened to other projects such as The Sandbox, Polygon, and Axie Infinity, the much-awaited P2E platform, Metacade, has obtained validation from CertiK, a leading blockchain auditor. This CertiK validation assures investors that Metacade’s code and specifications are verified and that the Metacade team has undergone the KYC process, thus instilling further trust in the project’s authenticity.Learn more about how to buy MCADE and the upcoming exchange listings <a href="https://metacade.co/en/how-to-buy?utm_source=media&utm_medium=pr&utm_campaign=post_listing_uniswap&utm_content=Uniswap_metastudio_staking">here</a>.Further information: <a href="https://metacade.co/en/?utm_source=media&utm_med…

Trust Wallet has announced a crypto-to-fiat off-ramp.The Binance non-custodial wallet has partnered MoonPay and Ramp TWT price jumped 9% after the news to hit above $1.31 before selling saw it drop to $1.25 as of writing.Trust Wallet Token (TWT), the native token of Trust Wallet, saw its price jump more than 9% to hit $1.31 after news the non-custodial crypto wallet provider had launched a crypto-to-fiat off-ramp.The partnership with Web3 payments platform MoonPay and non-custodial fiat-to-crypto infrastructure provider Ramp will allow Trust Wallet users to seamlessly convert crypto to fiat without having to touch a centralized crypto exchange. Users will transact directly from within the Trust Wallet app, the firms noted.TWT price outlook after Trust Wallet partnershipsAs noted above, Trust Wallet’s integration with MoonPay and Ramp means users can now enjoy seamless withdrawals when handling crypto-to-fiat transactions. The news of the development, which will see the non-custodial wallet’s users tap into frictionless crypto market transactions, also means full control of the stored funds.MediaTWT price on the 4-hour chart. Source: TradingViewThe positive update added to TWT’s buying pressure, with bulls breaking above $1.30 for the first time since 18 March this year. However, the 4-hour RSI is firmly in overbought territory and extended, suggesting a possible dip is on the cards in the short term.While potential profit taking could push TWT/USD to immediate support levels below $1.20, new upside momentum could put bulls on track to retest the resistance around the $1.40 area. A move to $1.76 or higher would open up should the broader market flip bullish.TWT was trading around $1.25 at the time of writing, with its price up 6% in the past 24 hours.The post TWT price jumps 9% after Trust Wallet partners MoonPay and Ramp appeared first on CoinJournal.

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As the adoption of Web3 technology accelerates across industries, the gaming sector has emerged as a frontrunner in embracing the paradigm shift, revealing immense potential for innovation and growth. Metacade, a hugely promising GameFi project, has captured the attention of those looking to invest in crypto with its unique play-to-earn (P2E) ecosystem and compelling vision for the future of gaming. Riding on the wave of enthusiasm surrounding the project, Metacade has successfully raised $16.35m in its presale event, showcasing the confidence and support of its burgeoning community.In a major announcement that has further fueled the excitement around this high-potential project, Metacade has revealed its upcoming debut on the renowned Bitmart Exchange. This development not only highlights the growing interest in Metacade as a solid investment choice but also signifies a crucial milestone in the project’s journey to becoming an influential player in the rapidly evolving world of GameFi and Web3 technology.Will MCADE see significant increases in price this year?As optimism surrounding the GameFi sector continues to grow, the Metacade project has captured the attention of experts who are eager to evaluate if MCADE can reach a significant price range of between $0.90 and $1.20 by the end of 2023 and into the following year.Metacade’s diverse gaming experiences offer it a competitive advantage in determining its potential market cap, with its vast total addressable market indicating that the platform’s user base could see exponential growth as the platform begins to come online later this year.The platform’s array of incentives for user retention—especially for non-gaming activities—and its consistently improving user experience supported by robust reward systems suggests that the demand for utility token MCADE could increase dramatically in the near future. This positions it at the heart of GameFi, and could drive massive returns for investors as a result.To reach a value between $0.90 and $1.20 for MCADE, a market cap of between $1.8 billion and $2.4 billion would be necessary. Considering the enticing tokenomics and the emergence of regulations that provide clarity for institutional investors (allowing them to enter the crypto market more aggressively), many experts believe that achieving this price range by the end of 2023 is entirely plausible.With the announcement of Metacade’s debut on the prominent Bitmart Exchange, the project also looks set to gain even greater visibility and attract more of those looking to invest in crypto. Given the strong potential of the project in the burgeoning GameFi sector, reaching a price in its target range by the end of 2023 seems within reach, making Metacade an exciting investment opportunity for those looking to capitalize on the rapidly evolving world of GameFi.What is Metacade?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=11">Metacade</a> is set to disrupt the gaming industry by creating the most extensive play-to-earn (P2E) arcade in existence, positioning itself as a key player in the rapidly growing GameFi sector. Metacade’s <a href="http://whitepaper">ambitious plans</a> have captured the attention of gamers and the entire industry, thanks to its innovative rewards system that allows users to earn income not only by playing games but also through contributing to the platform in various ways, such as sharing alpha or writing game reviews.The project’s native token, MCADE, could present a significant opportunity for investors, as its extensive utility within the platform combined with its limited supply and attractive presale prices have contributed to the impressive $16.35m raised in a very short period of time.How does MCADE work?MCADE, the native token of the Metacade ecosystem, serves as the driving force behind the platform’s various functions, including the rewards system and facilitating value exchanges throughout the platform — such as entering tournaments…