Crypto Shuttle News

Month: November 2021

  • Exclusive Interview with May, founder of Gachyi Land, the First Gacha-Launchpad Ecosystem | by Bit Media Buzz | Nov, 2021

    Exclusive Interview with May, founder of Gachyi Land, the First Gacha-Launchpad Ecosystem | by Bit Media Buzz | Nov, 2021

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    Bit Media Buzz

    The first gacha-launchpad ecosystem has launched, to the delight of Gacha gaming fans. Ticking all the right buzzwords like ‘Play-to-Earn’ and ‘NFT’, Gachyi Land is a utility-centric NFT ecosystem of mini-party games and MMORPG. We get the lowdown on what to expect from its founder, May.

    Q. Please introduce yourself and what you do at Gachyi Land, thanks.

    May, Founder and Mastermind behind Gachyi Land. I create the concepts and designs throughout the Gachyi Land ecosystem. I also designed the first NFT line for Gachyi Land myself, which is called the Goo Goos. I also lead the general and marketing operations, whilst my other partners lead the tech and gamification aspects of Gachyi Land.

    Q. How did you get into the NFT gaming space? And why the world of Gacha?

    I was exposed to blockchain and crypto projects while working as a lawyer. I saw how vast the potential of NFT is, as well as the positive impact NFT games have created for the community, which inspired me to create Gachyi Land.

    Gacha mechanics are commonly seen in a lot of popular video games, whether it be the re-roll feature (a.k.a redraw gacha) in dungeons & dragons games or consecutive gacha in mmorpg. But the ultimate source of my inspiration for creating this gacha-launchpad is the gachapon machines that are extremely popular in Japan. I believe there is a community out there, including myself, that enjoys the sense of achievement of completing a full set of our desired collectibles after countless times of playing with the gachapon machines.

    With blockchain, the scalability of the gacha model is significantly enhanced because of smart contract capabilities and publicly recorded proof of ownership.

    Q. What can you tell us about your first NFT drop, the Goo Goo Series?

    Our first NFT drop, the Goo Goo series, is limited to 500 ever to be minted.

    The traits of Goo Goos have been randomly generated by the Gachyi Goddess, giving each one a unique appearance and characteristics.

    There is also a single hidden trait that is currently kept confidential in our whitepaper, but those who managed to mint a Goo Goo with the said hidden trait will have even more exclusive benefit in our ecosystem. More details will be released after public sale on 2 December 2021.

    We have built rich utility into our Goo Goos, which includes exclusive access to all pre-sales and free minting events. In addition, Goo Goos holder will also receive increased drop rate, social experience gain, as well as a ZuZu mount and 1 exclusive in-game skin in our rpg.

    Essentially, Goo Goo owners represent the VIP and status symbol in Gachyi Land.

    We believe its scarcity, on top of its abundant utility throughout Gachyi Land ecosystem, makes it incredibly valuable especially for NFT gamers who are looking to gain exclusive in-game boosts for our future rpg.

    Lastly and potentially most importantly, you will be able to stake your GooGoo for a set period of time to receive rewards that are required for breeding in the future.

    Q. Run us through the Slime Tales game.

    Our second NFT drop, Slime Tales series, revolves around a combative slime race that has trained themselves in 5 different disciplines:

    These are the playable characters for our P2E MMORPG. Each slime comes with different statistics that are randomly generated upon purchase. Players will have the opportunity to re-roll their characters up to 5 times.

    Each slime possesses the ability to reproduce, also known as splicing. When 2 slimes splice, the offspring slimes can become dual-class characters depending on their parents’ disciplines.

    Our game will be a real time RPG where players team up to explore, grind levels, and kill bosses to earn rewards and generate resources.

    Instead of fighting slimes like in any other games, players will be fighting with their slimes or offspring slimes.

    Q. Gachyi Land Lore and the Gachyi Goddess, we want to know more!

    Gachyi Land was created by the Gachyi Goddess, who wished for a world to exist where all races and species throughout the multiverse could live together peacefully. To do this, she needed to locate the apex of the multiverse where all universes connected, thus she set out on her journey. Eons went by, the Gachyi Goddess was exhausted from her search and was finally consumed by the fossilisation process. But as the last piece of her body fossilised, an anomaly occurred where gachapon machines materialised on Gachyi Land to capture creatures from other universes. In order to save those creatures, Goo Goos tried to pay the toll but has proved to be a challenge feat. Thus, the Goo Goos have reached out to everyone to help release creatures from their encapsulated prisons.

    Q. Why did you decide to deploy on Polygon?

    I’m sure a lot of people are aware of the extremely large gas fees on the Eth network, sometimes the gas fees are actually higher than the actual NFT. Launching Gachyi Land on Polygon shields our community of high gas fees and allows a lot of our onchain gamification features to be used at a very low cost.

    I believe Polygon to be the go-to platform for NFT gaming related projects given its capabilities and interoperability, as well as its thriving ecosystem in the NFT space.

    Q. What trends do you see developing in this industry?

    Gaming is the largest up and coming trend without a doubt. NFTs are perfect for gaming and will certainly be the norm for gamers in 24 to 36 months. Wouldn’t you rather play a game where you can sell your hard earned assets? What about making a living from playing games, life is all about supply and demand so there’s no reason why gamers can’t turn playing games and selling in game resources as a full time job.

    Get the latest news and updates about Gachyi Land here:

    Website: https://gachyiland.com/

    Twitter: https://twitter.com/GachyiLand

    Telegram: https://t.me/GachyiLand

    Instagram: https://www.instagram.com/gachyi.land/

    Discord: https://discord.gg/pPWAC888kC

    Facebook: https://www.facebook.com/Gachyi-Land-275279670982071



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  • Should You Risk by Investing in Crypto in 2021 and What Is the Best Way to Do It

    Should You Risk by Investing in Crypto in 2021 and What Is the Best Way to Do It

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    Ever since Bitcoin appeared back in 2009, the subject of cryptocurrency has been captivating risk-takers and entrepreneurs. However, these days even regular people are considering this investment opportunity. People with money to spare who are usually fans of anonymous betting are willing to buy cryptos in order to make a profit. If you too are interested, you might be wondering whether or not now is the right time for this investment and what is the best way to do it.

    In case you are new to the cryptocurrency subject and you have a lot of questions, you’ve come to the right place. Make sure to stay on the page if you want to find out whether or not to invest in crypto in 2021 and what is the best and safest way to do this.

    Should You Invest?

    This is a question a lot of adult citizens have. Unfortunately, there’s no sure answer when it comes to this question. This is simply because, like other investments, cryptocurrency is also unpredictable.

    However, even though only 14% of U.S. adults own crypto, around 63% of Americans are “crypto curious.” This is based on a 2021 report done by crypto exchange Gemini. If you too are curious about cryptos, here are the essential things you need to know.

    How safe is cryptocurrency?

    Cryptocurrency is one of those “high risk, high reward” types of investments. It’s even riskier to invest in crypto than in regular stocks.

    The main reason for this is the fact that no one knows for certain whether or not crypto will become a part of our society in the future. Of course, this doesn’t mean this investment can’t bring you a lot of money. However, before you invest, you should consider how much you can risk.

    If you’re not one for taking risks, maybe this isn’t your cup of tea. This is especially true if you don’t have the nerves for unpredictable fluctuations.

    For example, Bitcoin has lost roughly 80% of its value in the past, and Ethereum once lost nearly 95% of its value during one year. This can be pretty stressful and if you don’t have the nerves for this, you might not want to invest in crypto. If, however, you find this thrilling and fun, buying cryptos might be the best decision you ever made.

    How To Invest Safely?

    If you want to invest in crypto, you have to be careful. In other words, only invest money you can afford to lose. Also, try to build an emergency fund that will help you to survive if the prices of crypto go down. Whatever you do, try not to sell your crypto tokens while the prices are down.

     

    Photo by Priscilla Du Preez on Unsplash

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  • 3 reasons why traders want to buy the Bitcoin price dip to $58.5K

    3 reasons why traders want to buy the Bitcoin price dip to $58.5K

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    Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red today. 

    Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back to $60,500.

    BTC/USDT 4-hour chart. Source: TradingView

    Here’s a look at what some traders and market analysts are saying about this recent downside move and whether or not it is simply a shakeout or a sign that darker clouds are gathering.

    BTC is exploring support and resistance levels

    Insight into BTC’s daily price action was offered by options trader and pseudonymous Twitter user ‘John Wick’, who posted the following chart highlighting some important support and resistance zones.

    BTC/USD 1-day chart. Source: Twitter

    Wick said that Bitcoin is just exploring the resistance zone around its new all-time high and he highlighted the possibility of a drop into the $58,000 to $59,500 range, similar to the move that was seen in the early trading hours on Nov. 15.

    Wick said,

    “We are simply testing the range low of the resistance zone. If we break it on the close may test support zone.”

    Similar observations were made by market analyst and pseudonymous Twitter user ‘Rekt Capital’, who posted the following tweet that zoomed out and looked at the price action for BTC on the monthly chart.

    As mentioned by the analyst, the price action on Nov. 16 was a retest of the monthly support/resistance level at $58,700. Now that BTC has successfully rebounded near the monthly $61,000 level, a bullish case can be made in the weeks ahead if the price manages to close the month above the level.

    There’s still a chance that $54,000 will be hit

    A level-headed view of the latest price action was provided by market analyst and Cointelegraph contributor Michaël van de Poppe, who posted the following chart of a possible BTC price trajectory over the next week.

    BTC/USD 1-hour chart. Source: Twitter

    van de Poppe said,

    “So far, so good on Bitcoin. Bouncing from support, but still needing to break some crucial areas here, which didn’t happen yet. Let’s go for that first. $63,000 is important. No breakout there [leads to] further downwards momentum.”

    According to the chart provided by van de Poppe, if the downward momentum continues, the price of BTC could drop to its next support level at $54,000.

    Related: Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M

    Fractal patterns suggest an approaching price rally

    Crypto Twitter analyst ‘Allen Au’ posted the following side-by-side charts of Bitcoin from 2013, 2017 and 2021 in response to concerns about $69,000 being the cycle peak.

    BTC/USD 1-day charts from 2013, 2017 and 2021. Source: Twitter

    According to the analyst, the latest downturn is not the cycle top, but was in fact the Wave 6 move seen in previous cycles. This means that “if its low is in, BTC could be onto Wave 7 soon!”

    Should the outlined wave sequence play out, then a Wave 5 peak could be $69,000, a Wave 6 low near $58,600 with the potential to drop as low as $53,000 and a cycle peak somewhere between $190,000 and $260,000 happening sometime in December 2021.

    The overall cryptocurrency market cap now stands at $2.651 trillion and Bitcoin’s dominance rate is 43.2%.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.