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PORTAL/USDT Breakout Confirmed | Now Getting Ready to Rally👀🚀💎Attention, Paradisers, #PORTALUSDT has recently surged above the falling wedge and is now moving to retest what was once resistance, now turned support, of the wedge. With the Point of Control (POC) of the Volume Profile Visible Range (VPVR) channel providing additional support, the stage is set for a potential bullish continuation. 💎If $PORTAL successfully confirms its support during this retest at $0.754, we can expect a substantial rally fueled by the positive momentum. This setup indicates a strong chance of an upward trend as #Portal looks to capitalize on the solid support at this level. 💎However, if #Portal loses its footing and descends back within the wedge, dipping below the support level, it may signal an extension of the bearish trend, with the $0.705 zone as the next crucial area to watch. This level is renowned for its liquidity and has historically catalyzed significant bullish recoveries. 💎Should #PORTAL test this lower demand zone again, it is imperative to achieve a robust rebound to maintain bullish support. A failure to do so could heighten bearish momentum, sour market sentiment, and potentially precipitate further declines. MyCryptoParadise iFeel the success
PLong
by MyCryptoParadise_Simon
Reflection from the bottom to achieve goals The cryptocurrency Portal has shown a significant reversal from its bottom at $0.7045. Following this reversal, it surged to reach the resistance level at $0.8661. Upon breaking through this resistance, the price continued to climb towards several key targets. The identified targets for this upward movement include: First target: $1.00 Second target: $1.27 Third target: $2.10 This analysis indicates a strong bullish trend for Portal, with expectations of further increases in price if the positive momentum continues and the identified targets are successfully breached.
PLong
by azzameth
GameFi, Blockchain games, Top projectsGameFi GameFi is a combination of gaming and decentralized finance that combines blockchain technology, NFT (non-flammable tokens), DeFi (decentralized finance), and the play-to-earn (P2E) model to create a unique gaming experience. This innovative approach lets players enjoy the game and earn real money through in-game actions and assets. At its core, GameFi uses blockchain technology to create decentralized gaming platforms where players have full ownership and control over their in-game assets. These assets, often represented as NFTs, can be exchanged or sold on NFT trading platforms, allowing players to monetize their gaming experience. DeFi is essential in GameFi by offering various financial services in the game ecosystem. Players can farm, bet, and provide liquidity, generating passive income while participating in the game. The P2E model is a critical component of GameFi as it allows players to earn cryptocurrency or NFT by completing tasks, competing with other players, and advancing in the game. This model can potentially revolutionize the gaming industry by incentivizing players to invest time and effort into their gaming experience. GameFi projects often combine elements from different sectors of the cryptocurrency space, including tokens, DeFi, NFT, and the meta-universe, to create an immersive and rewarding gaming environment. An example of how the economy works in GameFi through smart contracts: The History and Evolution of GameFi The history and evolution of GameFi is a fascinating journey marked by the innovation, growth, and merger of the gaming industry and decentralized finance. GameFi has seen significant milestones and key events that have shaped the industry from its inception to its current state. In the early days of GameFi, projects such as Axie Infinity and CryptoKitties introduced the concept of play-to-earn (P2E) games, where players could earn cryptocurrency by playing games and participating in the in-game economy. This was a revolutionary development as it allowed players to monetize their gaming experience in previously impossible ways. GameFi's development was also marked by introducing various innovative concepts and technologies. For example, integrating NFTs (non-game tokens) allowed players to own their in-game assets and trade them on NFT trading platforms. This added a new value and utility to the game as players could now buy, sell, and trade unique digital assets. Another significant milestone for GameFi was the development of DeFi (decentralized finance) protocols in gaming ecosystems. This allowed players to farm, bet, and provide liquidity, providing new ways to generate passive income while playing. The "play-and-own" concept was also a critical development in GameFi, shifting the focus from just playing the game to owning and managing in-game assets. This has created a more engaging and rewarding gaming experience, where players play a more active role in the life and development of the games they play. Notable projects such as Legend of Arcadia, Panzerdogs, and CREO Engine have significantly shaped the GameFi industry. They have introduced innovations, partnerships, and technical advances that have pushed the boundaries of what is possible in gaming and decentralized finance. As GameFi continues to evolve, it faces challenges and growth hurdles, such as regulatory uncertainty and the need for more precise rules in the crypto-gaming space. However, the industry is also experiencing exciting developments, such as the integration of artificial intelligence, scalable second-tier solutions, and the emergence of new game genres. GameFi market today The GameFi market is experiencing significant growth and development as the number of active players and games continues to increase. In December 2023, there were more than 1 million active players in the GameFi sector. By April 2024, the number had grown to 3 million, representing a 300 percent growth in active users from 2023 to 2024. This indicates a rapidly growing and engaging market with a projected increase in market size due to this user engagement trend! The GameFi sector had a market capitalization of $20.66 billion. The market shows a diverse landscape in terms of user distribution across platforms and networks. For example, active games with the highest number of users in recent weeks include Sunflower Land ( NSE:SFL ), SecondLive ( NASDAQ:LIVE ), Planetix ($IXT), MOBOX ( AMEX:MBOX ), Tower Token ($TOWER), Crypto Unicorns ( LSE:RBW ), and others. This wide range of active games across multiple platforms and networks indicates a healthy and competitive marketplace where users participate in different games and have different experiences. Technology and tokenomics of GameFi projects The technology and tokenomics behind GameFi projects are primarily driven by integrating blockchain, NFTs (non-gaming tokens), and smart contracts. This combination creates unique gaming experiences and economic incentives, revolutionizing the gaming industry. Blockchain technology is the foundation of GameFi projects. It is a decentralized and distributed digital ledger that records transactions across multiple computers, providing transparency and security. This technology eliminates the need for intermediaries and central authorities, allowing players to own and control their in-game assets fully. Using blockchain in games also enables cross-game interoperability, where players can transfer assets from one game to another. NFTs play an essential role in GameFi by representing unique in-game assets such as characters, weapons, and lands. Unlike fungible tokens such as Bitcoin or Ethereum, NFTs are unique and cannot be replicated, making them valuable and collectible. Thus, players gain ownership of their assets, which can be traded on NFT trading platforms. The value of NFTs can increase depending on their rarity and usefulness in the game, creating economic incentives for players. Smart contracts - self-executing contracts whose terms are written directly into the code - allow you to automate various in-game processes. For example, smart contracts can create an in-game economy, manage assets, and reward players for completing tasks or participating in events. This enhances the game experience by providing players with a transparent and secure environment for economic activity. Tokenomics, or the economic model of a GameFi project, is another crucial aspect of these projects. It involves creating and distributing tokens within the game ecosystem that can be used for various purposes, such as purchasing in-game items, bidding for rewards, or participating in management decisions. Tokenomics design plays a crucial role in incentivizing player participation and maintaining the long-term sustainability of the gaming economy. The combination of blockchain, NFT, and smart contracts in GameFi projects creates a new paradigm in the gaming industry where players have full ownership and control over their in-game assets, and economic incentives are integrated into the gameplay. This enhances the gaming experience and lets players earn real money for their in-game actions. Gaming blockchains Integrating blockchain technology into the gaming industry, known as GameFi, has revolutionized how players interact and how they are rewarded for playing time or achievements. The gaming industry has blockchains such as SKL, WAX, PORTAL, and VANRY. These are the leading gaming blockchains, each unique product with advantages and vast opportunities in the fast-growing GameFi sphere. SKL SKL is a blockchain designed to create high-performance dApps to provide zero-gas scaling for players and solve the problems of high transaction fees and slow transaction processing on the network. SKL allows developers to create unique games with instant transactions, which is a priority in game creation, as well as correct operation of smart contracts and improving the quality of gameplay through the speed of the exchange processes and receiving game objects in the game. WAX WAX is a specially designed blockchain for trading virtual items and digital collectibles, making it a popular and high priority for developers to create blockchain games and NFT markets. The WAX protocol allows in-game objects to be created, bought, and sold, providing a seamless way for gamers to monetize their gaming activity. In addition, WAX can interact with the Binance Smart Chain, making it possible to transfer NFTs between players on different blockchains. PORTAL PORTAL is a cross-chain gaming system that connects all games into a single WEB3 network and establishes a connection between blockchains. PORTAL is designed to simplify moving players between games using a single account, making the platform convenient and exclusive. The problem that this project addresses is the barriers related to the fragmentation of gaming ecosystems. VANRY Vanar Chain is a blockchain ecosystem designed explicitly for the games industry and intended to provide developers with tools and modules to facilitate the transition of games to Web3. A key feature of VANRY is its focus on direct integration with blockchain, which was a crucial factor in attracting Google Cloud. This capability allows established brands to master Web3 efficiently. The Vanar Chain ecosystem is also supported by NVIDIA, Phoenix Grounds Studio, and Revolut. Promising projects in GameFi: Mavia The Heroes of Mavia project is a blockchain-based strategy game that allows players to compete in battles for cryptocurrency rewards while developing and improving their bases worldwide. Service Studios developed the game, which is set on an exceptionally designed island called Mavia. One of the critical aspects of Heroes of Mavia is the ability to earn natural financial resources, mainly through the use of a cryptocurrency called Ruby. Players can collect Ruby and other valuable resources, such as Gold and Oil, which are essential to the gameplay. Integrating blockchain and Play-to-Earn (P2E) mechanics creates new opportunities for players to enjoy their favorite game and earn additional income. An NFT trading option also allows players to buy, sell, and exchange game assets such as Land, Heroes, and Statues. In addition, Heroes of Mavia is backed by Binance Labs, confirming the project's potential and prospects in the GameFi sector. According to the vesting, most of the coins are still unlocked, and full unlocking for all users will come in November 2029. After researching the blockchain, 85.59% of the coins are locked and waiting to be unlocked in the wallets of investors, team members, and enablers. This implies that the project is focused on long-term investing, and investment funds will pump up the price closer to their full unlocks! Overall, Heroes of Mavia is an innovative GameFi project that combines exciting gameplay, the ability to earn natural financial resources, and integration with blockchain to attract the attention of players and investors. Shrap Shrap is the first innovative blockchain-enabled FPS (First-Person Shooter) game developed on the Avalanche blockchain. The game allows players to buy, sell, and trade digital assets, including in-game items and characters. Shrap has caught the attention of investors and players due to its unique concept that combines elements of a classic FPS with blockchain capabilities. Players can earn rewards for participating in various in-game events and contests, allowing them to increase the value of their digital assets. Sharp also allows users to create and sell user-generated content, which opens up new opportunities for players to express themselves creatively and create a sustainable economy within the game. Shrap has successfully raised $37.5M in funding, which confirms investors' interest in promising GameFi projects. Over the past week, Wintermute has become more active and has started funding its own wallets on exchanges. This is a direct sign of the upward movement that will be provided by its software to manage the coin's market price! It is currently a great price to buy with the expectation of a long-term investment. Karate Project Karate is a groundbreaking platform that combines full-contact karate with CGI and Epic Games' Unreal Engine. It gathers top athletes, including Olympic medalists and national champions, who compete in various weight classes. Karate Combat uses blockchain technology to create a secure and innovative asset management and decision-making system. Users can earn rewards by playing various karate-related games and completing in-game challenges. Within the game, the voting system allows one to earn and manage digital assets using the $KARATE cryptocurrency and influence the project's development. Karate is also getting ready to move up soon. According to the latest significant transactions, Wintermute has received a sufficient portion to manage the price. It is also worth noting that the project team and their investors have more than 90% of the momentum issue concentrated on their asset wallets. This will make it relatively easy to manage the price of the coin! Karate Combat successfully fuses sports and entertainment with blockchain, creating new opportunities for interaction between athletes, fans, and investors. Now is a good opportunity to buy this asset, as investors, enablers, and the team will add even more assets to their wallets and try their best to pump up the price for their future unlocks. GMEE GMEE is part of Animoca Brands, a major player in the blockchain-based gaming industry. It is backed by Binance Labs, which gives the project significant credibility. GMEE is a token to access and manage an entire gaming platform aimed at merging the world of gaming and decentralized finance (DeFi). It runs on a blockchain that allows players to earn, trade, and own digital assets with real value in a decentralized and more democratic manner. One of the critical aspects of GMEE is its integration with the Telegram platform, making it the first Telegram Gamefi token. This allows for a large and active user base of over 1 million daily active users, which is a testament to the popularity and growth potential of the project. The fact that GMEE is Telegram's largest gaming community further emphasizes its importance in the GameFi space. In addition, GMEE aims to bring blockchain to millions of gamers through its mobile gaming platform. This approach makes blockchain technology more accessible to a broader audience, especially those new to cryptocurrencies and blockchain technology. By offering a seamless and convenient experience, GMEE can contribute to the mass adoption of blockchain gaming. GMEE is a significant player in the blockchain-based gaming industry, backed by reputable organizations and offering a unique and accessible gaming experience. Its focus on mobile gaming and integration with the Telegram platform sets it apart from other projects in this field. Investors also have a large amount of circulating issuance, allowing them to manage the asset's price easily. The end of unlockings is coming in March 2025, just as we approach the top of the bull cycle (September 2025). It is worth considering for investment for no more than one year. Conclusion The GameFi market is projected to grow from $12.8 billion in 2023 to $126.3 billion by 2032 at % compound annual growth rate (CAGR) of 29.0%. This growth is attributed to the growing adoption of blockchain technology and increasing interest in blockchain-based games. Despite a decline in the number of new Web3-based game launches in 2023 compared to previous years, the market still shows high interest in blockchain-based game development, indicating a bright future for the sector. Advancements in blockchain technology are expected to address scalability and efficiency issues, making GameFi platforms more accessible and user-friendly. The emergence of Layer 2 and Layer 3 solutions such as Polygon and Immutable X indicates a growing trend to improve user experience and attract more users from Web 2 games to Web 3 games. Moreover, the future of GameFi is characterized by a potential increase in institutional interest and the entry of established gaming giants into this space. This may lead to more complex games with better gameplay and sustainable economic models. Nevertheless, challenges remain, such as the need to balance economic incentives and engaging gameplay and the ongoing problem of market volatility. Despite these challenges, GameFi's future looks promising, and significant growth and transformation are expected. Best regards EXCAVO
Editors' picks
PLong
by EXCAVO
22
Portal swing trade ideaPortal based on IAP model BINANCE:PORTALUSDT Possible Targets and explanation idea ➡️IAP model what I already explained! Now we are at ok zone to buy. For swing trade ➡️The best zone marked. Also take profit zone marked. ➡️ If you want you can leave % coins for new ath and main uptrend ➡️Invalidation marked red X under listing price ➡️MP indicator showing big money start inflow in Portal Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
PLong
by Crypto4light