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Tag: projects

  • Analyst Projects 400% Price Increase

    Analyst Projects 400% Price Increase

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    VeChain (VET), a blockchain platform aiming to revolutionize supply chain management, has become a hot topic in the cryptocurrency world. A recent surge in VET’s price, coupled with technical breakthroughs, has ignited a wave of optimism among investors and analysts.

    VeChain Shatters Resistance Levels, Bullish Flag Signals New Highs

    The good news for VeChain started with a decisive break above a multi-year downtrend line. This technical indicator, closely watched by analysts, suggests a potential shift in long-term market sentiment. Additionally, VET decisively surpassed a key horizontal resistance level, adding fuel to the bullish fire.

    At the time of writing, VET was trading at $0.04, down 3.1% in the last 24 hour, but managed to sustain a 17% gain the last week, data from Coingecko shows.

    Following this breakout, VeChain entered a consolidation phase, a period of sideways trading often seen after a significant price increase. However, this pause proved to be temporary. VET recently emerged from a bullish flag formation, a technical pattern known for preceding substantial price increases. Analysts are interpreting this breakout as a sign that VeChain is poised for another leg up.

    400% Surge Anticipated: Will VeChain Live Up To The Hype?

    Capitalizing on the bullish sentiment, crypto analysts have made some bold predictions. World of Charts, a prominent analyst group, is forecasting a staggering 400% increase in VET’s value in the coming weeks.

    X user Clifton Fx also provided a positive outlook. A 25% surge to $0.06 is in the cards in the next days, the expert said, pointing to VET’s “bullish flag” on the daily period.

    However, the cryptocurrency market is notorious for its volatility, and unforeseen events can trigger rapid price swings. While the technical indicators and analyst forecasts paint a rosy picture for VeChain, there’s no guarantee that the predicted surge will materialize.

    VET market cap currently at $3.5 billion. Chart: TradingView.com

    Beyond The Hype: VeChain’s Real-World Potential

    VeChain’s appeal goes beyond the recent technical triumphs and the allure of potential windfalls. Unlike many cryptocurrencies focused solely on speculation, VeChain offers a tangible solution to real-world problems. Its blockchain platform tackles inefficiencies and lack of transparency in supply chains, a multi-trillion dollar industry ripe for disruption.

    VET weekly price action. Source: Coingecko

    VeChain’s technology allows businesses to track products throughout the entire supply chain process, ensuring authenticity, quality, and efficient logistics. This not only benefits businesses but also empowers consumers with greater transparency about the products they purchase.

    VeChain’s recent surge and optimistic forecasts present an attractive opportunity for investors. However, the inherent volatility of the cryptocurrency market cannot be overstated.

    Featured image from Binance Academy, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Top Cryptocurrency Projects Shaping 2024’s Landscape | by BitMedia Buzz | Mar, 2024

    Top Cryptocurrency Projects Shaping 2024’s Landscape | by BitMedia Buzz | Mar, 2024

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    BitMedia Buzz

    Crypto lovers and investors have eagerly anticipated the year 2024. First, since it marks the commencement of the bull run, it demonstrates that now is a fantastic moment to invest in truly excellent projects with significant usefulness in the cryptocurrency industry and earn long-term returns. Additionally, Bitcoin will be halved by April, allowing numerous outstanding projects to dominate the market as time goes on.

    Being an investor in an incredible project with much potential is always exciting. Historically, many projects have been successful due to the investor community. Aside from hearing the bright perspectives of the team, other investors, and the broader community on the project’s development, leading to knowledge expansion, you will also get amazing returns and incentives in various ways.

    Many aspiring cryptocurrency experts make the mistake of focusing on immediate gains. Because of this, they participate in overhyped projects or tokens that are set to be dumped. The parameters used to assess a good project are the team’s long-term aim, the problem they want to tackle, the roadmap indicating the timeline, and the whitepaper demonstrating how.

    Cogito Finance, co-founded by Dr Ben Goertzel, is part of the SingularityNET ecosystem. It tokenizes traditional assets for on-chain finance, offering 24/7 instant settlement and token transferability. Their AI models revolutionize the investment strategy landscape.

    Cogito’s governance token, CGV, empowers users to actively shape the platform’s future through voting on key decisions. CGV holders also benefit from profit sharing, receiving a portion of Cogito’s revenue. CGV can be staked on SingularityDAO for extra yield. With current availability on Binance Smart Chain, Ethereum, and Cardano, CGV offers a combination of community governance, profit sharing, flexible staking options, and multi-chain accessibility.

    ZAP is a community-driven token launch protocol that ensures founders and investors receive fair value. Unlike traditional launchpads, ZAP allows investors to access token sales through on- and off-chain engagement rather than through lottery or staking requirements. ZAP offers three distinct use cases: curated launches via ZAP Lab, fair launches via ZAP Launch, and gamified airdrops via ZAP Drops.

    These use cases are built upon a single tech layer: Mission Control, Overallocation logic, and native yield with additional API options. ZAP is backed by top-tier Venture Capitals and Key Opinion Leaders and will soon announce its supporters, token and NFT plans, and more.

    eesee is a gamified liquidity solution and marketplace for digital assets, tokens, and RWAs on Blast backed by Animoca Brands. The platform helps users maximize their trading profits by selling digital assets, tokens, and RWAs at a desired price, regardless of market conditions.

    Its unique protocol, features, strong backers, and incentivized approach make it attractive to many Web3 users. With over 1.9 million wallets already on its testnet, eesee has tripled its user base and volume since the start of 2024, creating a big and strong community around the project. eesee’s mainnet is launching shortly, and TGE is planned to launch at the beginning of April.

    ONEG8 is a revolutionary “super app” already available for iOS and Android, focused on data privacy, social media, communications, and e-commerce. With its state-of-the-art blockchain and native cryptocurrency (G8 Coin), ONEG8 is compatible with Ethereum Virtual Machine (EVM), opening it to a global market of over 400,000 million users. The native token G8C (Gate Coin) features an aggressive burn mechanism and staking opportunities. All platform sales and fees are settled in G8C, triggering more burns and incentives to hold.

    Excitedly, G8 Coin (G8C) launches for trading on BitMart on April 8th, 2024. With a commitment to long-term value growth and privacy, ONEG8 and G8 Coin destabilise big tech while empowering you, the user.

    PlayMining is a pioneering force in NFT gaming within the burgeoning GameFi sector. With a global reach spanning over 100 countries and a player base exceeding 2.7 million individuals, PlayMining is currently revolutionizing the blockchain landscape with their DePIN-integrated #GamifyingWork initiative. By combining Web3 gamification strategies with physical infrastructure networks, such as its ongoing collaboration with TEPCO (Tokyo Electric Power Company) to crowdsource labor, it offers unique work solutions for businesses.

    PlayMining offers diverse gaming experiences through three core services: PlayMining Games, featuring popular titles like JobTribes; PlayMining NFT, a marketplace boasting over 100 original artworks; and PlayMining Vault, which incentivizes user participation. These services converge through PlayMining Tokens, the PlayMining Chain, and PlayMining Verse, creating a dynamic ecosystem for creators and users to engage, innovate, and prosper.

    The crypto options market boasts a substantial $20 billion trading volume (Jan 2024), but navigating it can be challenging. Arrow offers a secure solution for non-US traders. Its complete system streamlines option creation, pricing, and settlement. The platform’s innovative “request for execution” engine fosters efficient matching and dynamic pricing within existing frameworks, minimizing reliance on external trust mechanisms.

    Arrow prioritizes user control, allowing investors to retain asset custody. Moreover, the company’s user-friendly interface, comprehensive educational resources, and practice testnet empower informed trading decisions for all experience levels.

    BonusBlock revolutionizes Web3 engagement with two pivotal solutions. Firstly, an AI model assesses wallet quality, facilitating a marketplace where projects connect with users based on quality levels for user proofing and acquisition, streamlining user verification and on-chain nativity. Secondly, custom white-label solutions cater to project-specific needs, fostering long-term engagement, smart verification, and automated ambassador programs to cultivate robust communities.

    Collaborations with notable entities like Injective and XION by Burnt underscore BonusBlock’s efficacy, boasting over 10 million on-chain transactions and 4 million users. This highlights BonusBlock’s substantial impact on the Web3 sector, redefining user experiences and project engagement.

    Everyone in the crypto industry needs to be able to conduct their investigation before making any investment decisions, as there are many bad players in the space. Numerous warning flags to look out for include a lack of transparency, unrealistic promises, a lack of community engagement/a bot-dominated community, pump-and-dump schemes, and plagiarized whitepapers and websites.

    As much as 2024 promises great success for the crypto world, jumping on the wrong project will put you at a complete disadvantage. Hence, taking your time before making an investment decision is good.

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  • ICC Camp S1 Officially Launched, First Batch of Signed Projects Announced | by BitMedia Buzz | Antaeus AR | Mar, 2024

    ICC Camp S1 Officially Launched, First Batch of Signed Projects Announced | by BitMedia Buzz | Antaeus AR | Mar, 2024

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    BitMedia Buzz
    Antaeus AR

    Outlook: Web3 Games — Breaking into the Mainstream Market

    As the Web3 industry moves into mainstream markets, the development of Web3 games continues to captivate the public’s attention, bringing in a significant influx of non-industry players and user traffic to the Web3 sector. The progress of Web3 games is a sector consistently followed and researched by Web3 native professionals and also considered a breakthrough eagerly anticipated by many traditional game entrepreneurs.

    Despite the industry winter in the past two years, with many resilient entrepreneurs striving to survive and continuously improving game products and their operations in a subdued market, high-quality Web3 game projects consistently stood out in the cold spell. With the rapid rise of blockchain technology, an increasing number of Web2 game developers have joined Web3 gaming, injecting fresh and outstanding productivity. Today, the global Web3 game market has gained increasing attention and continues to grow, with a market value reaching several billion dollars.

    With the bull market already beginning, the market is set to thrive again. Entrepreneurs and investors will have more opportunities for benefits, ushering in a new wave of entrepreneurial and investment enthusiasm in the Web3 gaming industry, a prime time for entrepreneurs to enter the scene.

    ICC Camp — A Guiding Light for Entrepreneurs

    As an accelerator focused on Web3 gaming entrepreneurship, ICC Camp is committed to cultivating and supporting outstanding entrepreneurs in the Web3 gaming industry, providing students with systematic high-quality offline courses, introducing rich industry resources, and offering substantial financial support.

    In the current industry opportunity, ICC Camp will also invite numerous mentors from well-known institutions within the industry to interpret industry trends, share successful experiences, provide in-depth insights, and open up new perspectives on the Web3 gaming ecosystem for ICC Camp S1 entrepreneurs, assisting entrepreneurs on their innovative journeys.

    ICC Camp has assigned a full-time dedicated mentor to each student from the first day of their enrollment, providing them with personalized and professional guidance throughout their journeys in ICC Camp. These five full-time dedicated mentors possess extensive experience in the Web3 industry and will share deeper industry insights during one-on-one coaching sessions with students. The five full-time mentors are:

    • Kevin Shao — Bitrise Capital Co-Founder, ABGA Executive President, ICC GROUP Advisor
    • Simon Li — Chain Capital Co-Founder, Kirin Fund Co-Founder, ABGA Executive Vice-President
    • Alex Yang — Blockhive Capital Founder
    • James Fang — PangaCapital Partner
    • Byrn — Senior investor in GameFi, DeFi, Web3

    List of mentors for ICC Camp S1:

    In addition, ICC Camp S1 has received support and recognition from many well-known institutions in the Web3 industry, including but not limited to prominent exchanges, VCs, Public Chains, Cloud Service Providers, Infrastructure Partners, Gaming Distribution Platforms, Launchpads, Traffic Platforms, Wallets, Media, Communities, KOL, Guilds, Daos, etc. ICC Camp have strategically partnered with institutions such as Gate Labs, Foresight Ventures, KuCoin Ventures, SlowMist, GSR, Bing Ventures, dtcpay, Alchemy Pay, TokenPocket, MixMarvel, Yeeha, Google Cloud, imToke, ABCDE, TZ APAC, RootData, Chain Catcher, PA News, Jinse Finance, BlockTempo, DeThings, among others. By integrating the strengths of various parties, ICC Camp aims to jointly build a robust global Web3 game ecosystem, supporting the vibrant development of outstanding startup teams in the future Web3 gaming.

    Among these partnerships, the world’s leading blockchain content incubation platform, MixMarvel, will provide ICC Camp with a series of ecological support, scholarships for outstanding students, special investment project support, blockchain grants for gaming, and assistance with game publishing through Upchain. The premier content distribution platform, Yeeha, will enhance ICC Camp’s visibility by providing student platform traffic support. The leading Asia-based blockchain adoption entity, TZ APAC, will offer substantial grants and ecological support for ICC Camp, strongly supporting outstanding start-up projects. The top auditing institution SlowMist will provide exclusive discounts for outstanding projects of ICC Camp, while Google Cloud will offer up to $100,000 in credits and additional support within the Google ecosystem.

    ICC Camp has selected 29 outstanding Web3 game projects from hundreds of applications to officially join the camp, covering various sub-sectors including GameFi, Fully On-Chain Game, Metaverse, SpotiFy, Rental-Based Gaming Platforms, Traffic Platforms, etc.

    The official announcement list of the first batch of signed projects for ICC Camp S1 is as follows (in alphabetical order, without specific ranking):

    Start-up projects are still in the process of being signed, so stay tuned for more updates from ICC Camp.

    Official Channels

    Official Website: www.iccombinator.com

    X (Twitter): https://twitter.com/ICCombinator

    Telegram: https://t.me/iccombinator_official

    E-mail: camp@iccombinator.com

    Source: https://twitter.com/ICCombinator/status/1767373326316683298



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  • AC Milan launches NFT collection, Magic Eden accepts Solana projects’ tokens and more

    AC Milan launches NFT collection, Magic Eden accepts Solana projects’ tokens and more

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    Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange. Proceeds will go to Fondazione Milan, the clubs’ charity arm.

    The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club’s home ground, San Siro stadium. It will depict a 3D image of a jersey found in South Sudan by Danish war photographer Jan Grarup who was in the country documenting widespread flooding last December.

    BitMEX partnered with AC Milan to contribute to the project by providing trading discounts and “other benefits” to the first 10,000 pre-orders. BitMEX will also donate to Fondazione Milan by purchasing a “large number” of the NFTs.

    As per the announcement, the club says the proceeds will contribute to funding its charitable causes around the world, specifically mentioning the ongoing crisis in Ukraine and a UNICEF project in South Sudan.

    Magic Eden to accept tokens from DeGods and Aurory projects

    Magic Eden, the largest marketplace by volume for Solana NFTs, according to DappRadar, has confirmed it will accept the tokens from popular Solana NFT projects “DeGods DUST” and Aurory’s “AURY” within the coming weeks.

    The marketplace first teased integration of the DUST token in late March, tweeting “brb integrating $DUST” on March 31. On April 1, a drawing of a Magic Eden-themed bar with the caption “$AURY” was tweeted.

    “DeGods” is the most traded collection in 30 days on Magic Eden, according to its own statistics, and has an all-time trading volume on the platform of 307,121 Solana (SOL), or $33.8 million at the time of writing. “Aurory” is in third place overall in sales volume for a Solana NFT project according to DappRadar, with an all-time volume of $79.5 million.

    Related: Content creators introducing a new paradigm with NFTs

    The integration of the tokens may be the latest attempt by the platform to solidify itself as Solana’s native NFT marketplace after OpenSea announced it will integrate Solana, putting the two platforms in direct competition.

    According to reports, Tiffany Huang, head of content and marketing at Magic Eden, stated that the platform was looking to integrate tokens from other “blue chip” NFT collections.

    Solana NFT sales are gaining momentum

    Solana NFTs are seeing a significant gain in volume. In the last 24 hours, the NFT sales volume on the Solana blockchain has hit over $9.2 million — an increase of 51.5% — according to analytics firm CryptoSlam.

    It comes after a drop was seen in the trading volume of Solana NFTs following the March 30 announcement that OpenSea would integrate the blockchain when OpenSea announced the Solana integration. On April 6, the day before the integration was live, trading volume decreased by 34.4%.

    Ethereum is still the top network when it comes to NFTs, with $49.4 million in sales made in the last 24 hours.

    Other Nifty News

    Starbucks has announced its foray into NFTs, with CEO Howard Schultz stating that ”sometime before the end of the calendar year, we are going to be in the NFT business.”

    Autograph, the NFT platform co-founded by Tom Brady, has signed a multi-year partnership with ESPN to create a docuseries and NFT collection titled “Man in the Arena: Tom Brady,” which details the career of the NFL legend.