The bearish breakout of the descending triangle fallout in the ENJ coin price drives the price lower, indicating a breakout of $1.50.  The Enjin blockchain ecosystem is designed to provide software that allows anyone to build, trade, monetize and trade using blockchain. Enjin has its roots in the gaming industry with the first product of the company a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of 10 years. Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ ENJ coin price shows a fall of more than 30% in the last 72 hours, resulting in the fallout below the horizontal support level at $2. The fallout leads to the breakout of the descending triangle pattern mentioned in our previous article. Moreover, the 20% fall in the last 24 hours with a 40% jump in trading volume indicates a boom in selling pressure.  ENJ/USD Daily Chart ENJ Technical Analysis The fallout below the horizontal support at $2, the ENJ coin price approaches the $1.5 level. However, the increasing selling pressure teases a fallout shortly that will generate a selling opportunity.  The falling Crucial Exponential Moving Averages in the daily chart give a bearish crossover between the 50 and 100-day Averages. Furthermore, the coin price breaks below the 200-day EMA. The Momentum indicator shows the slope failing to sustain above the zero line mark in the daily chart. Currently, heading lower into the negative zone, the slope reflects the rise in underlying bearishness. The Ultimate Oscillator indicator at 25 shows the slope entering the oversold zone with a sudden fall in the daily chart. Hence, the indicator gives a strong sell signal for the ENJ coin.  In conclusion, the technical indicator showcases a rise in selling pressure and hints at the fallout of $1.5. Upcoming Trend The sudden increase in the selling pressure in the ENJ coin price increases the trend momentum. Therefore, the traders can shortly find selling opportunities at the breakout of $1.5. The price action shows the support levels at $1.20 and $1.00. On the opposite end, the coin price may find resistance at $1.80 and $2. At the time of writing, Technical Analysis by TradingView gives a “STRONG SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Triangle Fallout Relays a Selling Race   appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Hanoi, Vietnam, Jan 20, 2022 - (ACN Newswire) - Slime Royale, the NFT game project with an adorable 3D graphics style - announces to receive strategic investment and incubation support from Appota Group.

A Trustworthy Partnership To ensure the growth potential of Slime Royale

In early 2022, the NFT game project Slime Royale officially announced that it had received strategic investment and incubation support from Appota Group - one of the largest mobile game publishers in Vietnam and Southeast Asia.

Although a new NFT game, Slime Royale has proven its tremendous potential by passing many rigorous appraisal rounds to receive investment and incubation support from Appota Group. A representative of the Slime Royale project said that the Appota Group's investment and companionship would help Slime Royale access Appota Group's ecosystem of more than 50 million users. Additionally, with their experience in game publishing, Appota Group will provide appropriate strategic advice to make Slime Royale reach more users worldwide.

The development team will use the investment from Appota Group to establish Slime Royale with a long-term vision, bringing blockchain technology closer to everyone and helping more people pursue their passion for enjoying the games and making money.

Fun and challenging gameplay for players

Slime Royale is a game that combines exciting gameplay and the decentralized financial model: DeFi, allowing players to both enjoy the game and earn money from their skills. Since its official announcement to the market, Slime Royale has quickly attracted the gaming community's attention thanks to its in-depth gameplay system.

Compared with other NFT games, in Slime Royale, players need to have squad arranging skills based on lineups, tactics, classes, and the game control ability to win the match. As the Slime Royale's representative shared with the community: "Games are interactive experiences, and they are ways for players to immerse themselves in a different world. Unlike a movie where you just sit down and watch, a game must give the player complete control. Slime Royale gameplay will be challenging for the players. So we intend to create a game experience that when players complete a level or mission, they can feel like they have to work for it and accomplish something. And first of all, we want to create a game that we will love and want to play."

Slime Royale has a new approach to solve the "inflation" of NFT games.

A critical issue that every game on the gamefi market is facing is the inflation of NFT price. To solve this problem and build a sustainable economic system, Slime Royale chose a new strategy: attract both play-to-earn players and pay-for-fun players.

In a traditional game, revenue from pay-for-fun players is most of the system's revenue. Players will pay directly to the game company, and trading between players is not recommended.

While with Slime Royale, the team aims to create a game that encourages pay-for-fun players to trade with play-to-earn players. Slime Royale will work as a platform, supporting players to create, own, and exchange their NFT assets.

To accomplish this mission, Slime Royale has 2 essential principles are:

All NFT items in Slime Royale must be a hard cap at a minimal quantity, which will protect the economy and the NFT Slime owners' benefit from NFT inflation.

The game must be fun and attractive to pay-for-fun players. The more exciting and engaging the game, the more players will want to play, thereby increasing the demand for NFT Slimes.

As a commitment, Slime Royale will release only 10,000 Purity Slimes - the first NFT Slimes of the game. In other words, Purity Slimes are capped at 10,000 total and guaranteed by a smart contract. All of the other NFT slimes will be created by the Purity Slime owners.

In conclusion, Slime Royale's mission is to create a fun NFT game with a balanced economic system, where all players with different purposes can enjoy the game and achieve benefits for themselves. Whether you are a Free-to-play, play-and-earn, play-for-fun, pay-for-fun, or invest-to-earn gamer, your desire will be satisfied in Slime Royale.

Social Links:
Twitter: https://twitter.com/SlimeRoyale
Medium: https://medium.com/@Slime_Royale
Telegram: https://t.me/SlimeRoyaleChannel

Media Contact
Brand: Slime Royale
Contact: Media Team
Email: [email protected]
Website: https://slimeroyale.com/

SOURCE: Slime Royale

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Facebook changes its name to Meta and the world suddenly becomes interested in the metaverse however the term has been around for some time, and is closely associated with Web 3.0. So what is Web 3.0, the Metaverse and how is GAIMIN involved? Web 3.0 Web 3.0 is the term used to describe the next […]

ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt.  The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.

FTX launched $2B web3 venture fund led by Lightspeed’s Amy Wu with more plans to wide-range crypto and blockchain that will oversee the FTX gaming business as we are reading more in our latest cryptocurrency news today. FTX launched $2B web3 venture capital fund by Amy Wu who will also run the exchange’s video game […]

Wu plans wide-ranging crypto and blockchain investments for FTX Ventures, and will also oversee FTX’s gaming business.

PRESS RELEASE. Zug, Switzerland, 13th January 2022: As part of its strategic business objective to become the leading gaming technology company, GAIMIN announces a plug-in and metaverse environment that enables blockchain technology and NFTs to be used within Minecraft. GAIMIN has developed a gaming and technology platform that delivers blockchain and NFT technology to gamers […]

This article outlines the neuroscience behind effective activations that inspire customer action(s) and/or loyalty in the gaming community. Here is what you should know:  The estimated 474 million esports fans are a subset of 2.9 billion people who spent an estimated $175.8 billion on games in 2021.  Effective activations ‘hack’ cognitive processes in the brain to influence positive customer actions.  AT&T and Wasserman executed a branded experience on Twitch that demonstrates the key pillars and rules […]

The post Hacking Esports and Gaming with Brand Activations appeared first on Esports Group.

Melodity is taking the music industry one huge step further towards the decentralized creator economy and has started to build Web 3.0 monetization infrastructure to support music artists in completely new ways.

To do so, Melodity is building a premier ecosystem, the “DoEcosystem'', that consists of play-to-earn (P2E), listen-to-earn (L2E) and Metaverse based on a proprietary blockchain that will empower opportunities for music artists, professionals, fans and music lovers. Three of the integrated platforms are DoMeta, DoDuet and DoMart.

DoMeta is an almost completely music oriented metaverse, where users can enjoy their time playing, learning, creating and interacting with each other or participate in live events. It intends to draw the music and gaming community by combining DeFi, blockchain technology and NFTs — as well as a play-to-earn model (P2E) — into one unique package.

DoDuet platform, with a listen-to-earn model, will create an innovative experience like no other. It is in fact a user-friendly contest platform that gamifies Music and provides visibility and an easy-access prize pool for artists. It will reward participants in the contest just by listening to tracks and voting.

DoMart, the NFTs marketplace platform, will provide not only songs distribution, but also a full bunch of possibilities for selling, buying, licensing and managing composite music NFTs.  

The ecosystem will always be a place where creativity grows in endless ways. The main goal is to allow music artists to maximize their incomes and visibility by creating and offering them advanced instruments for managing their own art.

Melodity wants to become the benchmark of the music industry in this new era contrasting old dynamics by providing a new home for artists where they can earn up to 90% of the income from their creations. Simple yet strong business models are the company's differentiating characteristics. 

“With an ambitious purpose, Melodity is a protocol designed with the idea at heart to give freedom and new means to all music artists so that they can unlock the full potential of their music." — comments CEO Rolen Guzman.

Melodity token

Melodity token (ticker $MELD) is a DeFi token hosted on the Binance Smart Chain (BSC). It is the store of value for the environment that acts as a share token and is in the early stages of launch.

The Melodity project was born of the passion of founders in helping to relieve the challenging financial circumstances of independent music artists. As ex amateur musicians, the founders witnessed first-hand how some of their friends struggle to generate income or returns on their art.

For more information:
https://melodity.org
https://t.me/Melodity_Official_Community
https://twitter.com/meloditytoken

Contact: Marta Ceriani - [email protected]