Cryptocurrency

World of Dypians (WoD), one of the most popular MMORPG meta-worlds of the year, has announced it will start the Token Generation Event (TGE) for its utility token, WOD, on November 27, 2024, at 11:00 UTC. The anticipated event will attract gamers and investors worldwide as it unveils the game’s potential. Also, it will cap off a year for World of Dypians, which saw the game win several competitions, attract backers, and raise its community to over 1.25 million players worldwide.World of Dypians is a highly-immersive game built on multiple blockchains. The game stands out from other GameFi projects through its blend of DeFi, NFT, AI, and advanced gaming mechanics. The result is a virtual world where players can engage in PvP battles, quests, missions, and community tasks. Moreover, WoD has a special meta-world area dedicated to its partners and collaborators. Industry-leading brands can advertise, interact with players, and provide updates there. The whole experience enables players to access information while enjoying an entertaining game with rewards.Users can immerse themselves in this unique, virtual adventure by downloading World of Dypians on Epic Games.The WOD token will enter the World of Dypians ecosystem following the TGE on November 27. This event will highlight many of the game’s future opportunities. For example, token holders will be able to use their WOD tokens to stake or participate in the platform’s decision-making process. Furthermore, they can use WOD to buy, sell, or trade NFTs and other in-game items. Therefore, seasoned Dypians, investors, and new players are invited to attend the TGE as early as possible.Users can follow the latest updates on the WOD TGE on the new and enhanced World of Dypians website.The Web3 landscape abounds in Metaverse games with similar mechanics and player engagements. World of Dypians stood out from the crowd from its early beginnings. The team’s unique approach to GameFi has attracted the support of many brands in the blockchain and crypto sectors. That’s how WoD secured over $1.5 million in grants from companies like BNB Chain, SKALE, Core DAO, Manta Network, SPACE ID, Conflux, and Taiko. Additionally, the game rose over $4 million in a funding round with numerous participants, including Castrum Capital, Financial Move, Meu Plano Crypto, Easy2Stake, and IBC Group, among others.The WoD team advanced the game’s development, building a solid ecosystem with unique features and immense potential. Its continuous commitment to innovation and excellence attracted gamers worldwide. As a result, World of Dypians records over 895,000 daily active users and 1.4 million monthly active users. This growing community is also responsible for some of the game’s economic achievements, including 174,467,781+ on-chain transactions and over 320,927 NFTs sold within the game so far.With that support, World of Dypians entered and won some of the industry’s competitions. This year, WoD won the BNB Chain DAU Incentive Program and the Core Ignition Builders’ Program. Also, it championed the Taiko Trailblazers Season 1 and was selected for BNB Chain’s Airdrop Alliance Program, onboarding over 128,658+ on-chain users in the process. Binance later celebrated these achievements by mentioning World of Dypians in its latest Binance Research Report: Navigating Crypto—Industry Map.World of Dypians aims to achieve all the goals it set for its development in an extensive roadmap. The upcoming TGE is one of the important milestones in its plan, but it’s not the only one. The recent launch of the World of Dypians Mini App marked a premiere in the Web3 space as the first mini-app to reward players with weekly USDT rewards directly on Telegram, garnering over 300,000 users in less than a month.WoD plans to release other features into the game following the TGE, including a Crypto Museum that will educate users on cryptocurrencies. A Mall Center will allow users to engage and shop for in-game items. Also, the release of WoD’s first in-game shop will allow users to buy weapons, equipment, and other items for their virtual characters. It’s worth noting that World of Dypians allows users full ownership over their in-game items. Lastly, the WoD team plans to strike new strategic partnerships with important brands in Web3 to create even more earning and advertising opportunities in the game.About World of DypiansWorld of Dypians (WoD) is a MMORPG that combines many elements of the emerging Web3 economy. The game invites players into a fantastic virtual world adorned with unique graphics, DeFi mechanics, AI elements, engaging gameplay, NFTs, and many rewarding opportunities.Users can follow these links and stay up-to-date with the imminent TGE for the WOD token starting on November 27, 2024, at 11:00 UTC at these links: WoD Website | Twitter | Discord | Telegram | GitHub | YouTube | Download on Epic Games |ContactGazmend Micicontact@worldofdypians.comThis article was originally published on Chainwire More

The idea is to create an ecosystem where users can interact with decentralized apps (dApps) by spending Bitcoin directly. Hoskinson thinks this could make things easier for users while also adding new features to Bitcoin’s existing setup. Hoskinson stressed the need to make sure that the development of the ecosystem stays true to Bitcoin’s original ethos. He said he wants to work with the people who helped get Bitcoin off the ground and focus on new ideas that do not get bogged down by unnecessary distractions or misaligned motivations. The aim is to create a seamless and efficient integration that aligns with both Bitcoin’s strengths and the broader blockchain landscape.New developments like Bitcoin’s Taproot upgrade were shown to be key steps in making it easier to use more advanced features. Taproot, which was adopted in 2021, improves privacy and scalability within the Bitcoin network, which is great for integrating new layers of innovation.This article was originally published on U.Today More

The idea of an Ethereum-led rally is supported by the historical trend of Bitcoin dominance declining during corrections. Altcoins typically see a spike in market share and price action when Bitcoin’s dominance declines. This pattern is best illustrated by the cryptocurrency market of 2017, when Ethereum and other altcoins surged while Bitcoin cooled. Based on rising trading volumes and bullish technical indicators, Ethereum seems to be strengthening in the present situation.There is still opportunity for more upward momentum because the RSI is in a neutral zone. Ethereum has been in a strong upward trend and has overcome important resistance levels, such as $3,000 and $3,200. Due to its relative stability, Ethereum is the preferred option for investors in light of the uncertainty created by Bitcoin’s decline. An important psychological and technical level of $4,000 could be tested if the price rises above $3,500. Ethereum is receiving strong support from the 50-day EMA, and rising volume indicates that investor interest is growing. Ethereum may take the lead in the upcoming stage of the market’s bullish cycle if Bitcoin’s dominance keeps waning. In the past, altcoin rallies have been sparked by Bitcoin’s decline. In the present situation, Ethereum gains from capital rotation reflecting a similar dynamic.The potential and ecosystem of Ethereum may appeal to investors looking for diversification during Bitcoin’s consolidation which would raise its price even more. While Bitcoin is going through a difficult time, Ethereum’s solid foundation and past patterns indicate that a rally to $4,000 is possible. Whether Ethereum can profit from Bitcoin’s decline and steer the altcoin market into a fresh bullish phase will be determined in the days ahead.This article was originally published on U.Today More

As of this writing, Bitcoin is changing hands at $92,666. Since last Friday, when Bitcoin reached a new all-time high, stopping inches away from the $100,000 level, BTC has lost roughly 7.14% by now.Black Friday starts this week, on Nov. 29. Therefore, Mow addressed his followers on the X platform with his “Bitcoin Black Friday” message.In the comments thread, X user @mrduste23 tagged the Blockstream CEO and cypherpunk Adam Back, saying that according to Back, Bitcoin is likely to reach a seven-digit price should the U.S. indeed add BTC as a reserve asset.The renowned cypherpunk, who was mentioned by Satoshi Nakamoto in the Bitcoin white paper, joined the discussion. He said that he was skeptical about that statement; otherwise, he said, Bitcoin is “very mispriced now.”Back added that he believes the “market also doesn’t think it’s going to happen.” Otherwise, according to the renowned Bitcoiner, “Bitcoin would already be a bit higher” than where it is trading at the moment.As long as they continue adding to their Bitcoin batches, Santiment said, “a bullish argument remains strong, and any fall may be short lived.”This article was originally published on U.Today More

The world’s largest cryptocurrency was also hit with a wave of selling pressure, likely profit-taking, after it failed to breach the coveted $100,000 level last week. Bitcoin fell 3.6% to $94,567.1 by 00:49 ET (05:49 GMT). The coin hit a record high of over $99,000 last week, but has pulled back sharply since.Bitcoin’s rally was driven chiefly by optimism over improved regulations under Trump. But the prospect of Trump imposing more tariffs on U.S. trading partners soured risk appetite. Trump said he will impose a 10% import tariff on China and a 25% import tariff on Canada and Mexico to curb illegal immigration and illicit drugs flowing into the U.S.His comments sparked fears of a renewed trade war within the world’s biggest economies, which bodes poorly for growth. Broader risk-driven markets retreated after Trump’s threat, while the dollar rose sharply and came back in sight of a two-year high touched last week. Trump has vowed to impose steep tariffs on China and other major U.S. trading partners, which could weigh on global growth and dent risk-driven assets in the coming years. Crypto markets were also awaiting more cues on just what Trump’s policies will entail for the sector. Trump had campaigned on a pro-crypto platform, promising to make America the crypto capital of the world. His cabinet picks for the Treasury Secretary and Commerce Secretary roles both hold pro-crypto views. But markets were now waiting to see tangible policies from Trump, when he takes office in January. Weakness in Bitcoin spilled over into other crypto and crypto-adjacent assets this week. MicroStrategy Incorporated (NASDAQ:MSTR), the world’s biggest corporate holder of Bitcoin, tumbled from record highs over the past three sessions. The firm had last week purchased over $5 billion in Bitcoin, a recent filing showed.Broader crypto prices retreated on Tuesday, with most major altcoins tracking Bitcoin lower. World no.2 crypto Ethereum was an exception, rising marginally to $3,242.17. XRP fell 1.4% after strong gains last week, especially after U.S. Securities and Exchange Commission Chair Gary Gensler said he will step down in January.Solana, Cardano and Polygon fell between 1.9% and 6.3%, while among meme tokens, Dogecoin lost 4.2%. More

A crucial measure of Shiba Inu market activity is the quantity of significant transactions and the general activity of the network. Transaction (JO:TCPJ) volume has decreased recently when compared to previous peaks. Although the number of large transactions has increased, it is still far below the levels observed during its major bull runs, indicating that whales are not as active in driving up prices.Additionally, there is conflicting sentiment in the profitability data for SHIB holders. Although the majority of addresses holding SHIB are in the money, it is possible that the remaining sizable group of holders at higher price points are selling their holdings during this rally, which would increase market pressure to sell. The general state of the market may also be to blame for Shiba Inu’s poor performance.Bitcoin, Ethereum and XRP are among the assets that have been making headlines and drawing interest from investors. Altcoins like SHIB have less opportunity to shine because of the significant inflows and market interest currently seen in these high-cap assets.The charts show that SHIB has been able to hold above important support levels close to $0.00002300, but the volume is still quite low. There is not enough buying pressure to support a long-term rally. Without sizable inflows or increased on-chain activity, it might be difficult for SHIB’s price to keep rising.There is currently a divergence between price and momentum, as indicated by the Relative Strength Index (RSI), a momentum oscillator. Although the price of Bitcoin has been reaching all-time highs, the RSI has been essentially stagnant or even dropping, suggesting that the rally’s strength may be waning.A trend reversal is frequently preceded by this divergence, which suggests that selling pressure may soon be applied to the asset. RSI divergence has a track record of accurately predicting impending corrections. For example, a similar divergence was seen prior to a significant market correction during the period when Bitcoin was rising to its all-time highs in late 2021. Investor caution is warranted, even though this does not ensure an immediate pullback. The 50-day EMA is currently trending in the $75,000 range, which is where Bitcoin may test support levels if a correction takes place.A notable increase in trading volume, which might suggest rekindled investor interest, supports this level. Although there is potential, the price action has not yet broken decisively above significant resistance levels, indicating that buyer confidence is still moderate. Toncoin’s relative undervaluation is a key justification for its possible rally. Toncoin’s recovery has been slower than that of assets like Bitcoin or Ethereum, which have experienced sharp increases.This performance lag could make it a contender for a late-stage rally, when money shifts to cheap assets. Technical indicators for Toncoin also suggest a neutral but hopeful outlook. The asset is not yet overbought, as indicated by the RSI’s continued healthy range and the recent recovery from the 50-day EMA, which points to strong support.This makes more upward momentum possible. Even though it is unlikely to achieve the explosive returns of premium assets, Toncoin still has the potential to generate sizable returns. If market sentiment continues to improve, a move above $6.50 may pave the way for a test of the $7.00 resistance with potential for additional gains.This article was originally published on U.Today More

Bybit, the world’s second-largest crypto exchange by trading volume, is reinforcing its role as a key ecosystem partner for blockchains and protocols with the launch of Sui Wonderland 2024. This milestone campaign highlights Bybit Web3’s dedication to empowering users and advancing blockchain ecosystems through innovative and seamless engagement opportunities.Sui Wonderland 2024 integrates airdrops, staking, and trading into a unified initiative, enabling users to explore and actively participate in the dynamic Sui blockchain ecosystem across multiple touchpoints. This campaign demonstrates Bybit Web3’s unique ability to unlock the potential of decentralized networks and foster community growth.Empowering Discovery (NASDAQ:WBD) and Growth across 5 Key Tracks in the Sui EcosystemBybit Web3’s Sui Wonderland 2024 initiative integrates airdrops, staking programs, and trading activities to bring users closer to the dynamic Sui ecosystem. Through this campaign, Bybit Web3 is not only simplifying user participation but also advancing the broader adoption of blockchain technology.#Bybit / #BybitWeb3 / #SuiWonderlandAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

This article was originally published on U.Today More